FLQM vs. NXTV ETF Comparison

Comparison of Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) to Simplify Next Intangible Value Index ETF (NXTV)

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

$58.02

Average Daily Volume

151,405

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

NXTV

Simplify Next Intangible Value Index ETF

NXTV Description

NXTV targets US companies with low equity valuations relative to their intangible-adjusted book values within their respective sectors. The fund defines intangible capital as productive assets that lack physical presence and are created through investments in brand, knowledge, and organization capital. The index construction starts by calculating an intangible-adjusted book value for each security in an initial universe consisting of the largest 2000 US companies by market-cap. The 200 stocks with the lowest equity valuations relative to their intangible adjusted book values are selected for inclusion. At least five stocks are included from each of the 13 sectors determined by the index provider using a combination of SIC and NAICS codes along with data from publicly available 10-K filings. Holdings are weighted by market capitalization, with individual security weights capped at 5%. The index reconstitutes quarterly.

Grade (RS Rating)

Last Trade

$28.86

Average Daily Volume

732

Number of Holdings ^*

194

* may have additional holdings in another (foreign) market

Performance

Period	FLQM	NXTV
30 Days	5.47%	5.48%
60 Days	5.07%	5.83%
90 Days	5.99%	10.13%
12 Months	31.70%

47 Overlapping Holdings

Symbol	Grade	Weight in FLQM	Weight in NXTV	Overlap
ACI	C	0.36%	0.49%	0.36%
ALL	A	1.09%	0.74%	0.74%
ALLY	C	0.35%	0.2%	0.2%
BBY	D	0.85%	0.91%	0.85%
BLDR	D	0.85%	0.24%	0.24%
CACI	D	0.27%	0.53%	0.27%
CINF	A	0.9%	0.33%	0.33%
CIVI	D	0.1%	0.13%	0.1%
CNA	B	0.04%	0.2%	0.04%
COKE	C	0.13%	0.17%	0.13%
DDS	B	0.03%	0.27%	0.03%
DG	F	0.3%	0.76%	0.3%
DINO	D	0.23%	0.18%	0.18%
DLB	B	0.16%	0.05%	0.05%
EBAY	D	0.91%	1.1%	0.91%
EG	C	0.58%	0.24%	0.24%
EXPE	B	0.38%	0.36%	0.36%
FOXA	B	0.18%	0.83%	0.18%
GAP	C	0.07%	0.37%	0.07%
GL	B	0.42%	0.15%	0.15%
GPC	D	0.65%	0.28%	0.28%
HPE	B	0.93%	1.06%	0.93%
HPQ	B	0.94%	1.47%	0.94%
INCY	C	0.61%	0.41%	0.41%
JNPR	F	0.42%	0.54%	0.42%
JWN	C	0.1%	0.17%	0.1%
KR	B	1.02%	1.77%	1.02%
LKQ	D	0.36%	0.17%	0.17%
M	D	0.17%	0.2%	0.17%
NTAP	C	0.91%	0.98%	0.91%
ORI	A	0.31%	0.14%	0.14%
OVV	B	0.46%	0.27%	0.27%
PAG	B	0.11%	0.19%	0.11%
RHI	B	0.3%	0.18%	0.18%
RPM	A	0.61%	0.21%	0.21%
RS	B	0.7%	0.38%	0.38%
SNA	A	0.76%	0.22%	0.22%
SOLV	C	0.16%	0.35%	0.16%
SON	D	0.18%	0.13%	0.13%
SYF	B	1.11%	0.34%	0.34%
SYY	B	0.86%	0.57%	0.57%
TOL	B	0.39%	0.18%	0.18%
TPR	B	0.6%	0.48%	0.48%
UAL	A	0.54%	0.39%	0.39%
UNM	A	0.48%	0.18%	0.18%
VFC	C	0.23%	0.23%	0.23%
VTRS	A	0.57%	0.42%	0.42%

FLQM Overweight 153 Positions Relative to NXTV

Symbol	Grade	Weight
FICO	B	1.62%
GRMN	B	1.17%
GWW	B	1.16%
FAST	B	1.14%
IT	C	1.14%
EA	A	1.13%
ODFL	B	1.12%
DAL	C	1.1%
AVB	B	1.09%
MSCI	C	1.09%
PAYX	C	1.08%
RMD	C	1.06%
HIG	B	1.05%
TPL	A	1.04%
DHI	D	1.0%
DOV	A	1.0%
PHM	D	0.99%
LNG	B	0.96%
WAT	B	0.94%
OTIS	C	0.93%
DECK	A	0.89%
CHD	B	0.89%
GDDY	A	0.89%
TSCO	D	0.89%
YUM	B	0.89%
AWK	D	0.86%
BAH	F	0.85%
LII	A	0.84%
FANG	D	0.84%
CMI	A	0.84%
RF	A	0.83%
WSM	B	0.82%
NVR	D	0.79%
MTD	D	0.77%
CLX	B	0.77%
OMC	C	0.77%
IDXX	F	0.77%
STLD	B	0.76%
MANH	D	0.76%
COR	B	0.75%
TROW	B	0.74%
CDW	F	0.73%
LYB	F	0.72%
DVN	F	0.72%
ULTA	F	0.7%
VRSK	A	0.69%
WSO	A	0.67%
VRSN	F	0.67%
EXPD	D	0.67%
AVY	D	0.62%
UTHR	C	0.62%
CF	B	0.61%
ACGL	D	0.61%
MAS	D	0.59%
THC	D	0.59%
GEN	B	0.57%
ROL	B	0.55%
TER	D	0.54%
GGG	B	0.53%
CASY	A	0.52%
NBIX	C	0.52%
HSY	F	0.52%
TXRH	C	0.51%
POOL	C	0.5%
FFIV	B	0.5%
NDSN	B	0.49%
EHC	B	0.49%
VLTO	D	0.49%
DKS	C	0.48%
UHS	D	0.48%
ALSN	B	0.47%
CHRW	C	0.47%
BJ	A	0.46%
LECO	B	0.46%
CW	B	0.46%
JBL	B	0.45%
ALLE	D	0.45%
CPT	B	0.44%
ELS	C	0.42%
SAIA	B	0.42%
RPRX	D	0.4%
PAYC	B	0.4%
TPX	B	0.38%
SEIC	B	0.37%
HRB	D	0.37%
MUSA	A	0.37%
BXP	D	0.37%
LDOS	C	0.37%
K	A	0.37%
DCI	B	0.36%
DOX	D	0.35%
LW	C	0.35%
RL	B	0.34%
KNSL	B	0.34%
MTG	C	0.32%
TTC	D	0.3%
SKX	D	0.3%
WING	D	0.29%
G	B	0.29%
CHE	D	0.28%
APA	D	0.28%
NNN	D	0.28%
PB	A	0.27%
BBWI	D	0.26%
AMG	B	0.25%
R	B	0.25%
VNT	B	0.24%
EGP	F	0.24%
WPC	D	0.23%
LSTR	D	0.23%
AM	A	0.22%
DVA	B	0.22%
JHG	A	0.21%
NFG	A	0.2%
AN	C	0.2%
STAG	F	0.2%
SEE	C	0.2%
OMF	A	0.2%
BC	C	0.2%
CROX	D	0.19%
LAMR	D	0.19%
WU	D	0.19%
DTM	B	0.18%
FLO	D	0.18%
WBA	F	0.17%
OGN	D	0.17%
CRUS	D	0.17%
AGO	B	0.17%
AYI	B	0.17%
MSM	C	0.17%
CHH	A	0.16%
CHRD	D	0.16%
LOPE	B	0.15%
KRC	C	0.14%
HIW	D	0.14%
PII	D	0.14%
ACHC	F	0.13%
COLB	A	0.12%
AVT	C	0.12%
COLM	B	0.11%
MAN	D	0.11%
IVZ	B	0.11%
AWI	A	0.11%
NEU	C	0.11%
APPF	B	0.09%
CUZ	B	0.08%
CRI	D	0.08%
KSS	F	0.07%
WEN	D	0.06%
SNDR	B	0.06%
SIRI	C	0.03%
CNXC	F	0.03%
PLTK	B	0.02%

FLQM Underweight 147 Positions Relative to NXTV

Symbol	Grade	Weight
CMCSA	B	-5.48%
T	A	-5.05%
VZ	C	-4.68%
PFE	D	-4.63%
INTC	D	-3.52%
DELL	C	-3.41%
C	A	-1.95%
FDX	B	-1.15%
CVS	D	-1.08%
GM	B	-1.04%
COF	B	-0.96%
ZM	B	-0.96%
WDC	D	-0.92%
GFS	C	-0.91%
VICI	C	-0.85%
MET	A	-0.83%
TRV	B	-0.83%
BIIB	F	-0.78%
SNAP	C	-0.75%
AIG	B	-0.75%
EL	F	-0.74%
NWS	B	-0.72%
F	C	-0.72%
FCNCA	A	-0.71%
DD	D	-0.69%
PRU	A	-0.67%
NUE	C	-0.67%
ZBH	C	-0.64%
KHC	F	-0.62%
CTVA	C	-0.62%
DLTR	F	-0.61%
LEN	D	-0.6%
ILMN	D	-0.58%
MRNA	F	-0.57%
TWLO	A	-0.55%
HUM	C	-0.55%
BAX	D	-0.53%
SRE	A	-0.53%
D	C	-0.5%
CNC	D	-0.48%
IP	B	-0.47%
PCG	A	-0.46%
LBRDK	C	-0.46%
CCL	B	-0.45%
CTRA	B	-0.45%
ALB	C	-0.43%
SNX	C	-0.42%
ADM	D	-0.4%
PPG	F	-0.39%
EQT	B	-0.39%
MRO	B	-0.39%
EXC	C	-0.38%
FYBR	D	-0.37%
CIEN	B	-0.36%
ED	D	-0.36%
FLEX	A	-0.35%
WRB	A	-0.34%
DBX	B	-0.34%
LUV	C	-0.34%
MKL	A	-0.34%
ETR	B	-0.32%
TSN	B	-0.32%
PATH	C	-0.31%
LEVI	F	-0.3%
CFG	B	-0.3%
FTI	A	-0.3%
PFG	D	-0.29%
CRBG	B	-0.29%
BILL	A	-0.29%
PEGA	A	-0.29%
ARE	D	-0.28%
SWK	D	-0.28%
EXEL	B	-0.27%
HSIC	B	-0.27%
L	A	-0.27%
U	C	-0.27%
AMKR	D	-0.26%
TXT	D	-0.26%
BIO	D	-0.26%
PPL	B	-0.24%
FNF	B	-0.24%
WCC	B	-0.23%
NSIT	F	-0.23%
LUMN	C	-0.23%
SATS	D	-0.23%
PFGC	B	-0.22%
RGA	A	-0.22%
USM	B	-0.22%
EQH	B	-0.22%
AIT	A	-0.22%
KD	B	-0.22%
CNH	C	-0.21%
CPB	D	-0.21%
W	F	-0.21%
ROKU	D	-0.21%
RNR	C	-0.21%
JEF	A	-0.2%
JLL	D	-0.2%
ELAN	D	-0.2%
CLVT	F	-0.2%
KMX	B	-0.2%
JAZZ	B	-0.2%
COTY	F	-0.19%
RIVN	F	-0.19%
AR	B	-0.19%
UPST	B	-0.18%
BG	F	-0.18%
AA	B	-0.18%
ARW	D	-0.17%
AEO	F	-0.17%
IAC	D	-0.17%
TAP	C	-0.17%
ADTN	A	-0.17%
FLS	B	-0.17%
SIG	B	-0.16%
AIZ	A	-0.16%
ALIT	C	-0.16%
BWA	D	-0.16%
NI	A	-0.16%
NOV	C	-0.16%
PVH	C	-0.16%
WHR	B	-0.16%
ZI	D	-0.16%
BEN	C	-0.16%
WFRD	D	-0.15%
X	C	-0.15%
CLF	F	-0.15%
LAD	A	-0.15%
DXC	B	-0.15%
URBN	C	-0.15%
ASO	F	-0.15%
FRSH	C	-0.15%
SANM	B	-0.15%
XRAY	F	-0.14%
SLAB	D	-0.14%
EVRG	A	-0.14%
AGR	B	-0.14%
FHN	A	-0.14%
INGR	B	-0.13%
CXT	B	-0.13%
WBD	C	-0.13%
MUR	D	-0.12%
ALKS	B	-0.12%
CPRI	F	-0.1%
LCID	F	-0.09%
MGM	D	-0.08%
BYD	C	-0.05%