FLQM vs. FLCO ETF Comparison

Comparison of Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) to Franklin Liberty Investment Grade Corporate ETF (FLCO)

FLQM

Franklin LibertyQ U.S. Mid Cap Equity ETF

FLQM Description

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

Grade (RS Rating)

Last Trade

$55.55

Average Daily Volume

135,154

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

FLCO

Franklin Liberty Investment Grade Corporate ETF

FLCO Description

The fund seeks to provide a high level of current income as is consistent with prudent investing, while seeking preservation of capital, by investing at least 80% of its net assets in investment grade corporate debt securities and investments. The Fund may invest up to 40% of its net assets in foreign securities, including those in developing markets, and up to 15% of its net assets in non-U.S. dollar denominated securities.

Grade (RS Rating)

Last Trade

$22.14

Average Daily Volume

213,934

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLQM	FLCO
30 Days	2.06%	1.59%
60 Days	3.93%	4.38%
90 Days	8.31%	6.01%
12 Months	30.16%	13.74%

9 Overlapping Holdings

Symbol	Grade	Weight in FLQM	Weight in FLCO	Overlap
ACGL	B	0.72%	0.61%	0.61%
ALL	C	1.05%	0.38%	0.38%
CF	B	0.6%	0.6%	0.6%
DHI	C	1.18%	0.33%	0.33%
DVN	F	0.72%	0.31%	0.31%
JBL	C	0.45%	0.58%	0.45%
JWN	C	0.1%	0.57%	0.1%
KR	B	0.99%	0.6%	0.6%
RPRX	C	0.44%	0.4%	0.4%

FLQM Overweight 188 Positions Relative to FLCO

Symbol	Grade	Weight
FICO	B	1.39%
IT	C	1.13%
RMD	C	1.09%
AVB	C	1.09%
PHM	B	1.09%
MSCI	C	1.06%
HIG	B	1.05%
GWW	B	1.05%
PAYX	C	1.03%
ODFL	D	1.03%
FAST	C	1.01%
EA	D	1.0%
MTD	C	0.99%
GRMN	D	0.99%
BBY	A	0.98%
BAH	B	0.98%
EBAY	B	0.97%
OTIS	B	0.97%
DOV	B	0.97%
WAT	B	0.96%
NTAP	D	0.96%
IDXX	D	0.95%
CDW	D	0.95%
WSM	C	0.94%
HPQ	C	0.94%
YUM	B	0.93%
BLDR	C	0.92%
TSCO	B	0.92%
DAL	C	0.91%
AWK	C	0.91%
SYY	C	0.9%
HPE	C	0.89%
NVR	B	0.86%
SYF	C	0.86%
LYB	D	0.84%
LII	C	0.84%
CHD	C	0.84%
ULTA	D	0.82%
OMC	B	0.82%
CINF	C	0.81%
MANH	B	0.81%
LNG	D	0.81%
DECK	C	0.8%
FANG	F	0.78%
CMI	B	0.76%
GDDY	C	0.76%
CLX	C	0.75%
GPC	D	0.75%
EXPD	B	0.73%
RF	B	0.73%
TER	C	0.72%
TROW	C	0.7%
AVY	C	0.7%
VRSN	C	0.7%
STLD	C	0.69%
RS	D	0.67%
VRSK	D	0.66%
TPL	C	0.66%
THC	C	0.65%
WSO	C	0.64%
MAS	B	0.64%
SNA	B	0.63%
UTHR	B	0.63%
EG	B	0.61%
UHS	C	0.6%
HSY	D	0.6%
RPM	B	0.56%
ROL	C	0.56%
VLTO	B	0.54%
INCY	C	0.53%
DKS	D	0.53%
GGG	C	0.52%
NBIX	F	0.52%
POOL	C	0.52%
NDSN	C	0.51%
TPR	A	0.51%
VTRS	D	0.51%
ALLE	B	0.48%
EHC	B	0.48%
CPT	C	0.47%
FFIV	B	0.47%
CASY	D	0.47%
TXRH	B	0.47%
JNPR	A	0.46%
CHRW	B	0.46%
LECO	D	0.44%
BJ	D	0.44%
GL	D	0.43%
CW	B	0.43%
ELS	D	0.42%
LKQ	F	0.39%
ALSN	B	0.39%
UNM	B	0.39%
TOL	A	0.39%
HRB	C	0.39%
LDOS	A	0.38%
K	A	0.38%
OVV	F	0.38%
TPX	B	0.38%
WING	C	0.38%
BXP	C	0.38%
ACI	F	0.36%
SAIA	D	0.36%
MUSA	D	0.36%
UAL	B	0.36%
DOX	C	0.36%
SKX	C	0.35%
DCI	C	0.35%
MTG	B	0.34%
KNSL	D	0.34%
ALLY	F	0.34%
DG	F	0.34%
RL	B	0.33%
EXPE	C	0.32%
SEIC	B	0.32%
TTC	F	0.32%
NNN	B	0.32%
LW	D	0.31%
PAYC	D	0.31%
CHE	C	0.3%
CACI	B	0.3%
APA	F	0.29%
CROX	C	0.29%
ORI	B	0.29%
RHI	D	0.28%
ACHC	D	0.27%
WPC	C	0.26%
G	C	0.26%
EGP	C	0.26%
BBWI	D	0.26%
DINO	F	0.25%
PB	D	0.24%
LSTR	D	0.24%
AMG	C	0.24%
R	C	0.23%
DVA	B	0.23%
VFC	B	0.23%
VNT	F	0.22%
OGN	D	0.22%
STAG	D	0.22%
WU	C	0.22%
CRUS	D	0.21%
AN	C	0.21%
BC	C	0.21%
AM	B	0.21%
SEE	C	0.21%
FLO	C	0.2%
SON	D	0.2%
LAMR	B	0.2%
NFG	B	0.19%
M	F	0.18%
PII	D	0.18%
JHG	B	0.18%
MSM	D	0.18%
WBA	F	0.17%
SOLV	D	0.17%
DLB	D	0.17%
FOXA	B	0.17%
OMF	D	0.17%
CHRD	F	0.16%
AYI	B	0.15%
AGO	D	0.15%
HIW	C	0.15%
COKE	C	0.14%
KRC	C	0.14%
DTM	C	0.14%
CHH	B	0.14%
MAN	C	0.13%
LOPE	D	0.13%
PAG	D	0.12%
IVZ	B	0.12%
NEU	D	0.12%
AVT	B	0.12%
CRI	D	0.11%
COLM	C	0.11%
AWI	B	0.1%
COLB	B	0.1%
APPF	C	0.09%
CIVI	F	0.09%
CUZ	C	0.08%
KSS	D	0.08%
GAP	F	0.07%
WEN	C	0.06%
SNDR	B	0.06%
CNA	D	0.04%
CNXC	F	0.04%
DDS	D	0.03%
PLTK	C	0.02%

FLQM Underweight 44 Positions Relative to FLCO

Symbol	Grade	Weight
BAC	D	-2.39%
CAF	B	-1.87%
LVS	C	-1.81%
VZ	A	-1.64%
BA	F	-1.38%
BABA	B	-1.24%
GJS	B	-1.13%
EXC	B	-1.11%
TAK	C	-1.02%
CI	C	-0.96%
PNC	C	-0.93%
ABBV	B	-0.92%
NOW	C	-0.92%
CARR	B	-0.9%
HCA	B	-0.88%
FDX	D	-0.86%
AAPL	C	-0.85%
CMCSA	C	-0.82%
MHK	B	-0.8%
AFL	A	-0.79%
TFC	D	-0.77%
C	C	-0.75%
ET	C	-0.73%
UNH	C	-0.72%
AL	C	-0.68%
NOC	B	-0.66%
GPJA	B	-0.63%
MET	B	-0.61%
AMZN	C	-0.6%
FLEX	B	-0.56%
XOM	D	-0.55%
NWG	B	-0.54%
DUK	B	-0.51%
HII	F	-0.49%
AON	B	-0.49%
LMT	A	-0.48%
DLTR	F	-0.46%
CVX	F	-0.44%
GPJA	B	-0.4%
AZO	B	-0.37%
MSFT	C	-0.35%
PSX	F	-0.35%
WMB	C	-0.3%
STZ	C	-0.29%