FLQL vs. TVAL ETF Comparison

Comparison of Franklin LibertyQ U.S. Equity ETF (FLQL) to T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL)

FLQL

Franklin LibertyQ U.S. Equity ETF

FLQL Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Large Cap Equity Index (the U.S. Large Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Large Cap underlying index. The U.S. Large Cap underlying index is based on the Russell 1000® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$59.85

Average Daily Volume

76,630

Number of Holdings ^*

210

* may have additional holdings in another (foreign) market

TVAL

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF

TVAL Description

The fund will invest primarily in U.S. equity securities. In taking a value approach to investment selection, the adviser seeks to identify companies that appear to be undervalued by various measures, and may be temporarily out of favor, but have good prospects for capital appreciation. Some of the principal measures used to identify such stocks are: price/earnings ratio, price/book value ratio, price/sales ratio, dividend yield, price/cash flow, undervalued assets, and restructuring opportunities. The fund may purchase the stocks of companies of any size, but typically focuses on larger companies.

Grade (RS Rating)

Last Trade

$33.11

Average Daily Volume

13,066

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

Performance

Period	FLQL	TVAL
30 Days	2.44%	2.98%
60 Days	3.55%	4.22%
90 Days	4.50%	5.88%
12 Months	31.26%	29.14%

46 Overlapping Holdings

Symbol	Grade	Weight in FLQL	Weight in TVAL	Overlap
ABBV	D	1.33%	0.36%	0.36%
ADI	D	0.32%	0.35%	0.32%
AMAT	F	0.96%	0.38%	0.38%
AVB	B	0.1%	1.22%	0.1%
C	A	0.97%	0.81%	0.81%
CAT	B	1.27%	0.3%	0.3%
CB	C	0.56%	2.23%	0.56%
CF	B	0.11%	0.52%	0.11%
CI	F	0.56%	0.87%	0.56%
CL	D	0.52%	0.84%	0.52%
CMI	A	0.26%	1.09%	0.26%
ELV	F	0.28%	1.81%	0.28%
FANG	D	0.2%	0.43%	0.2%
GOOG	C	1.73%	0.95%	0.95%
HCA	F	0.49%	0.45%	0.45%
HIG	B	0.19%	1.96%	0.19%
HWM	A	0.25%	0.48%	0.25%
IP	B	0.13%	0.64%	0.13%
JNJ	D	1.55%	1.82%	1.55%
JPM	A	1.23%	1.23%	1.23%
KMB	D	0.14%	0.66%	0.14%
LAMR	D	0.1%	0.4%	0.1%
LEN	D	0.3%	0.42%	0.3%
LEN	D	0.09%	0.42%	0.09%
LLY	F	1.31%	1.19%	1.19%
MCHP	D	0.23%	0.27%	0.23%
META	D	2.48%	0.87%	0.87%
MRK	F	1.21%	0.8%	0.8%
MSFT	F	5.96%	0.65%	0.65%
MSI	B	0.58%	0.34%	0.34%
PM	B	0.71%	1.41%	0.71%
PSA	D	0.38%	0.44%	0.38%
QCOM	F	1.22%	1.08%	1.08%
REGN	F	0.59%	0.42%	0.42%
RSG	A	0.31%	0.62%	0.31%
SO	D	0.29%	1.67%	0.29%
STLD	B	0.16%	0.32%	0.16%
TJX	A	0.95%	0.29%	0.29%
TMUS	B	0.59%	0.88%	0.59%
TT	A	0.65%	0.31%	0.31%
TXN	C	1.24%	0.7%	0.7%
UNH	C	0.52%	1.9%	0.52%
VRTX	F	0.92%	0.29%	0.29%
VZ	C	1.24%	0.58%	0.58%
WMT	A	1.68%	1.89%	1.68%
XOM	B	0.63%	2.56%	0.63%

FLQL Overweight 164 Positions Relative to TVAL

Symbol	Grade	Weight
AAPL	C	7.0%
NVDA	C	6.71%
AMZN	C	2.92%
GOOGL	C	2.04%
MA	C	1.79%
AVGO	D	1.77%
COST	B	1.7%
IBM	C	1.31%
ISRG	A	1.3%
BKNG	A	1.19%
TSLA	B	1.13%
BRK.A	B	1.11%
T	A	1.07%
AMGN	D	1.05%
SYK	C	0.94%
ORCL	B	0.88%
MO	A	0.85%
BSX	B	0.84%
ANET	C	0.77%
WM	A	0.67%
KLAC	D	0.67%
LRCX	F	0.66%
GS	A	0.6%
APH	A	0.6%
CMG	B	0.57%
MCO	B	0.56%
PH	A	0.52%
RTX	C	0.5%
SPG	B	0.46%
CTAS	B	0.46%
PCAR	B	0.44%
APP	B	0.42%
LMT	D	0.4%
GD	F	0.39%
GWW	B	0.38%
URI	B	0.38%
DHI	D	0.36%
GM	B	0.35%
HLT	A	0.33%
FAST	B	0.33%
HPQ	B	0.29%
ACGL	D	0.26%
GRMN	B	0.25%
CTSH	B	0.24%
AFL	B	0.23%
SPOT	B	0.22%
PHM	D	0.22%
PEG	A	0.22%
DECK	A	0.22%
SYF	B	0.21%
HPE	B	0.21%
NTAP	C	0.21%
DAL	C	0.2%
DELL	C	0.19%
GLW	B	0.19%
NVR	D	0.19%
IRM	D	0.18%
LDOS	C	0.17%
FICO	B	0.17%
EBAY	D	0.17%
WAB	B	0.17%
RCL	A	0.17%
LYB	F	0.16%
TPL	A	0.16%
ETR	B	0.16%
PKG	A	0.15%
LII	A	0.15%
CSL	C	0.15%
TSCO	D	0.15%
O	D	0.15%
WSM	B	0.15%
WSO	A	0.13%
OC	A	0.13%
TOL	B	0.13%
RMD	C	0.13%
CFG	B	0.13%
TNL	A	0.12%
NRG	B	0.12%
EME	C	0.12%
AWI	A	0.12%
RL	B	0.12%
JEF	A	0.12%
MAS	D	0.12%
AYI	B	0.12%
EVR	B	0.12%
UTHR	C	0.12%
FIX	A	0.12%
ALSN	B	0.12%
DTM	B	0.12%
AXS	A	0.11%
LNC	B	0.11%
BJ	A	0.11%
MUSA	A	0.11%
FOXA	B	0.11%
EXR	D	0.11%
PPC	C	0.11%
FOX	A	0.11%
CW	B	0.11%
DPZ	C	0.11%
R	B	0.11%
LOPE	B	0.11%
CASY	A	0.11%
RGA	A	0.11%
G	B	0.11%
ESS	B	0.11%
TXRH	C	0.11%
JHG	A	0.11%
THC	D	0.11%
BBY	D	0.11%
UGI	A	0.1%
OHI	C	0.1%
ROL	B	0.1%
SCCO	F	0.1%
K	A	0.1%
EMN	D	0.1%
DGX	A	0.1%
CLH	B	0.1%
UHS	D	0.1%
NFG	A	0.1%
DVA	B	0.1%
ADC	B	0.1%
DKS	C	0.1%
VICI	C	0.1%
KRC	C	0.1%
INGR	B	0.1%
KEX	C	0.1%
RGLD	C	0.1%
EHC	B	0.1%
CHRW	C	0.1%
CUZ	B	0.1%
AMCR	D	0.09%
WU	D	0.09%
JNPR	F	0.09%
NNN	D	0.09%
MPWR	F	0.09%
EPR	D	0.09%
PK	B	0.09%
SNX	C	0.09%
CACI	D	0.09%
NEU	C	0.09%
GAP	C	0.09%
GPK	C	0.09%
CHE	D	0.09%
HRB	D	0.09%
GLPI	C	0.09%
AVT	C	0.09%
OMC	C	0.09%
SWKS	F	0.09%
MTG	C	0.09%
M	D	0.09%
SSNC	B	0.09%
HIW	D	0.09%
APA	D	0.08%
CRI	D	0.08%
WING	D	0.08%
COKE	C	0.08%
CIVI	D	0.08%
MEDP	D	0.08%
DVN	F	0.08%
TER	D	0.08%
CROX	D	0.07%
OGN	D	0.07%
CRUS	D	0.07%
MDU	D	0.07%

FLQL Underweight 99 Positions Relative to TVAL

Symbol	Grade	Weight
BAC	A	-1.89%
WFC	A	-1.77%
FI	A	-1.53%
KVUE	A	-1.49%
LHX	C	-1.36%
COP	C	-1.25%
GE	D	-1.21%
TMO	F	-1.12%
SWK	D	-1.1%
BDX	F	-1.01%
EQH	B	-1.0%
SCHW	B	-0.89%
WY	D	-0.88%
AIG	B	-0.87%
ZBH	C	-0.85%
EOG	A	-0.82%
MCK	B	-0.8%
FITB	A	-0.77%
NWSA	B	-0.75%
VST	B	-0.74%
NSC	B	-0.74%
CVX	A	-0.73%
LIN	D	-0.73%
KO	D	-0.72%
PG	A	-0.72%
HUBB	B	-0.7%
ACN	C	-0.7%
GEV	B	-0.7%
TTE	F	-0.7%
HON	B	-0.68%
SRE	A	-0.68%
MMC	B	-0.67%
AEE	A	-0.65%
DHR	F	-0.65%
HD	A	-0.63%
WDC	D	-0.6%
NEE	D	-0.59%
USB	A	-0.56%
BA	F	-0.56%
MS	A	-0.56%
D	C	-0.55%
AZO	C	-0.52%
RPM	A	-0.52%
ROK	B	-0.52%
BAX	D	-0.5%
CSX	B	-0.49%
REXR	F	-0.48%
PGR	A	-0.48%
AZN	D	-0.47%
MAR	B	-0.47%
WMB	A	-0.46%
CMCSA	B	-0.46%
EQT	B	-0.46%
MCD	D	-0.46%
APO	B	-0.46%
TDG	D	-0.46%
HBAN	A	-0.45%
ARES	A	-0.45%
MU	D	-0.45%
BLK	C	-0.43%
MDLZ	F	-0.43%
UNP	C	-0.42%
CPAY	A	-0.42%
LVS	C	-0.41%
KDP	D	-0.4%
CAG	D	-0.4%
TSM	B	-0.39%
ALL	A	-0.39%
YUM	B	-0.36%
BKR	B	-0.35%
KEYS	A	-0.35%
PLD	D	-0.34%
EFX	F	-0.33%
A	D	-0.33%
COF	B	-0.33%
UAL	A	-0.31%
AME	A	-0.31%
OTIS	C	-0.3%
ROP	B	-0.29%
MOH	F	-0.28%
UPS	C	-0.28%
CARR	D	-0.27%
AXP	A	-0.26%
SPGI	C	-0.26%
CDW	F	-0.25%
MGM	D	-0.24%
ZTS	D	-0.23%
CVS	D	-0.23%
CME	A	-0.23%
HAL	C	-0.22%
VMC	B	-0.22%
AMD	F	-0.22%
MET	A	-0.22%
BHP	F	-0.2%
DIS	B	-0.2%
AVY	D	-0.19%
SNY	F	-0.19%
DTE	C	-0.17%
EQIX	A	-0.16%