FLQM vs. TMSL ETF Comparison

Comparison of Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) to T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF (TMSL)

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

TMSL

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF

TMSL Description

The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in assets issued by small- or mid-cap companies. The fund may at times invest significantly in certain sectors, such as the information technology sector.

Grade (RS Rating)

Last Trade

$34.69

Average Daily Volume

74,374

Number of Holdings ^*

256

* may have additional holdings in another (foreign) market

Performance

Period	FLQM	TMSL
30 Days	5.47%	7.83%
60 Days	5.07%	7.33%
90 Days	5.99%	8.82%
12 Months	31.70%	36.92%

44 Overlapping Holdings

Symbol	Grade	Weight in FLQM	Weight in TMSL	Overlap
APPF	B	0.09%	0.08%	0.08%
AVY	D	0.62%	0.16%	0.16%
AWI	A	0.11%	0.39%	0.11%
AYI	B	0.17%	0.27%	0.17%
BBWI	D	0.26%	0.38%	0.26%
BJ	A	0.46%	0.28%	0.28%
BLDR	D	0.85%	0.25%	0.25%
CASY	A	0.52%	0.26%	0.26%
CF	B	0.61%	0.53%	0.53%
CW	B	0.46%	0.49%	0.46%
DOX	D	0.35%	0.31%	0.31%
EG	C	0.58%	0.4%	0.4%
EHC	B	0.49%	0.45%	0.45%
ELS	C	0.42%	0.26%	0.26%
FLO	D	0.18%	0.33%	0.18%
GDDY	A	0.89%	0.75%	0.75%
GEN	B	0.57%	0.64%	0.57%
HIG	B	1.05%	0.15%	0.15%
JBL	B	0.45%	0.42%	0.42%
KRC	C	0.14%	0.26%	0.14%
LAMR	D	0.19%	0.79%	0.19%
LDOS	C	0.37%	0.65%	0.37%
LSTR	D	0.23%	0.28%	0.23%
MANH	D	0.76%	0.3%	0.3%
NBIX	C	0.52%	0.29%	0.29%
NFG	A	0.2%	0.19%	0.19%
NVR	D	0.79%	0.41%	0.41%
OMF	A	0.2%	0.45%	0.2%
RL	B	0.34%	0.63%	0.34%
RPM	A	0.61%	0.77%	0.61%
RS	B	0.7%	0.61%	0.61%
SAIA	B	0.42%	0.56%	0.42%
STLD	B	0.76%	0.54%	0.54%
THC	D	0.59%	1.13%	0.59%
TOL	B	0.39%	0.6%	0.39%
TTC	D	0.3%	0.45%	0.3%
TXRH	C	0.51%	0.2%	0.2%
UHS	D	0.48%	0.34%	0.34%
ULTA	F	0.7%	0.33%	0.33%
VFC	C	0.23%	0.39%	0.23%
VNT	B	0.24%	0.26%	0.24%
VTRS	A	0.57%	0.5%	0.5%
WING	D	0.29%	0.5%	0.29%
WU	D	0.19%	0.62%	0.19%

FLQM Overweight 156 Positions Relative to TMSL

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%
SYF	B	1.11%
DAL	C	1.1%
AVB	B	1.09%
ALL	A	1.09%
MSCI	C	1.09%
PAYX	C	1.08%
RMD	C	1.06%
TPL	A	1.04%
KR	B	1.02%
DHI	D	1.0%
DOV	A	1.0%
PHM	D	0.99%
LNG	B	0.96%
HPQ	B	0.94%
WAT	B	0.94%
HPE	B	0.93%
OTIS	C	0.93%
NTAP	C	0.91%
EBAY	D	0.91%
CINF	A	0.9%
DECK	A	0.89%
CHD	B	0.89%
TSCO	D	0.89%
YUM	B	0.89%
SYY	B	0.86%
AWK	D	0.86%
BAH	F	0.85%
BBY	D	0.85%
LII	A	0.84%
FANG	D	0.84%
CMI	A	0.84%
RF	A	0.83%
WSM	B	0.82%
MTD	D	0.77%
CLX	B	0.77%
OMC	C	0.77%
IDXX	F	0.77%
SNA	A	0.76%
COR	B	0.75%
TROW	B	0.74%
CDW	F	0.73%
LYB	F	0.72%
DVN	F	0.72%
VRSK	A	0.69%
WSO	A	0.67%
VRSN	F	0.67%
EXPD	D	0.67%
GPC	D	0.65%
UTHR	C	0.62%
ACGL	D	0.61%
INCY	C	0.61%
TPR	B	0.6%
MAS	D	0.59%
ROL	B	0.55%
TER	D	0.54%
UAL	A	0.54%
GGG	B	0.53%
HSY	F	0.52%
POOL	C	0.5%
FFIV	B	0.5%
NDSN	B	0.49%
VLTO	D	0.49%
UNM	A	0.48%
DKS	C	0.48%
ALSN	B	0.47%
CHRW	C	0.47%
OVV	B	0.46%
LECO	B	0.46%
ALLE	D	0.45%
CPT	B	0.44%
JNPR	F	0.42%
GL	B	0.42%
RPRX	D	0.4%
PAYC	B	0.4%
EXPE	B	0.38%
TPX	B	0.38%
SEIC	B	0.37%
HRB	D	0.37%
MUSA	A	0.37%
BXP	D	0.37%
K	A	0.37%
DCI	B	0.36%
LKQ	D	0.36%
ACI	C	0.36%
ALLY	C	0.35%
LW	C	0.35%
KNSL	B	0.34%
MTG	C	0.32%
ORI	A	0.31%
RHI	B	0.3%
DG	F	0.3%
SKX	D	0.3%
G	B	0.29%
CHE	D	0.28%
APA	D	0.28%
NNN	D	0.28%
PB	A	0.27%
CACI	D	0.27%
AMG	B	0.25%
R	B	0.25%
EGP	F	0.24%
WPC	D	0.23%
DINO	D	0.23%
AM	A	0.22%
DVA	B	0.22%
JHG	A	0.21%
AN	C	0.2%
STAG	F	0.2%
SEE	C	0.2%
BC	C	0.2%
CROX	D	0.19%
SON	D	0.18%
DTM	B	0.18%
FOXA	B	0.18%
WBA	F	0.17%
OGN	D	0.17%
CRUS	D	0.17%
AGO	B	0.17%
MSM	C	0.17%
M	D	0.17%
CHH	A	0.16%
CHRD	D	0.16%
DLB	B	0.16%
SOLV	C	0.16%
LOPE	B	0.15%
HIW	D	0.14%
PII	D	0.14%
COKE	C	0.13%
ACHC	F	0.13%
COLB	A	0.12%
AVT	C	0.12%
COLM	B	0.11%
MAN	D	0.11%
IVZ	B	0.11%
PAG	B	0.11%
NEU	C	0.11%
JWN	C	0.1%
CIVI	D	0.1%
CUZ	B	0.08%
CRI	D	0.08%
KSS	F	0.07%
GAP	C	0.07%
WEN	D	0.06%
SNDR	B	0.06%
CNA	B	0.04%
SIRI	C	0.03%
DDS	B	0.03%
CNXC	F	0.03%
PLTK	B	0.02%

FLQM Underweight 212 Positions Relative to TMSL

Symbol	Grade	Weight
SWK	D	-1.44%
SEM	B	-1.35%
FTI	A	-1.23%
CPAY	A	-1.23%
MKSI	C	-1.19%
TXT	D	-1.17%
WAL	B	-1.15%
BPOP	B	-1.14%
RNR	C	-0.95%
DT	C	-0.87%
REXR	F	-0.84%
ESAB	B	-0.81%
WBS	A	-0.8%
SSNC	B	-0.75%
HII	D	-0.75%
DOCU	A	-0.71%
VOYA	B	-0.67%
BFAM	D	-0.65%
TFX	F	-0.61%
INSM	C	-0.59%
CUBE	D	-0.59%
NTNX	A	-0.59%
BDC	B	-0.59%
NI	A	-0.59%
VNO	B	-0.58%
CRBG	B	-0.58%
ZBRA	B	-0.57%
HBAN	A	-0.56%
PATK	D	-0.56%
SITE	D	-0.55%
EME	C	-0.54%
OPCH	D	-0.54%
BURL	A	-0.53%
ENTG	D	-0.52%
FBP	B	-0.52%
XPRO	F	-0.52%
STNG	F	-0.52%
RGA	A	-0.51%
MNDY	C	-0.51%
WYNN	D	-0.51%
MWA	B	-0.51%
CVNA	B	-0.5%
SUM	B	-0.5%
AGCO	D	-0.5%
IOT	A	-0.49%
CLH	B	-0.48%
APG	B	-0.48%
EWBC	A	-0.48%
WSC	D	-0.48%
COOP	B	-0.47%
DUOL	A	-0.47%
ST	F	-0.46%
BLX	C	-0.46%
EQH	B	-0.46%
EXAS	D	-0.45%
TYL	B	-0.45%
MIDD	C	-0.44%
MORN	B	-0.44%
TOST	B	-0.43%
BRX	A	-0.43%
HUBB	B	-0.43%
RRC	B	-0.43%
TKR	D	-0.42%
PLNT	A	-0.41%
LRN	A	-0.41%
KFY	B	-0.41%
FMC	D	-0.41%
HOLX	D	-0.4%
TNL	A	-0.4%
AEE	A	-0.39%
FND	C	-0.39%
DKNG	B	-0.39%
BCO	D	-0.39%
RYN	D	-0.39%
SUI	D	-0.38%
DPZ	C	-0.38%
NCLH	B	-0.37%
PHIN	A	-0.37%
VRRM	D	-0.37%
PR	B	-0.36%
REG	B	-0.36%
PTC	A	-0.36%
NXST	C	-0.35%
FITB	A	-0.35%
NWS	B	-0.35%
PCVX	D	-0.34%
RNA	D	-0.34%
UPWK	B	-0.33%
STGW	B	-0.33%
DRH	B	-0.32%
BPMC	C	-0.32%
GEO	B	-0.32%
KMPR	B	-0.32%
DOLE	D	-0.32%
USFD	A	-0.32%
MAIN	A	-0.31%
SKWD	A	-0.31%
RVTY	F	-0.31%
MOH	F	-0.3%
LPX	B	-0.3%
OC	A	-0.3%
POR	C	-0.3%
HWM	A	-0.29%
EVRI	A	-0.29%
SHOO	D	-0.29%
BERY	B	-0.28%
TECH	D	-0.28%
OFG	B	-0.28%
ASGN	F	-0.28%
ARMK	B	-0.28%
FCN	D	-0.28%
LPLA	A	-0.27%
FTDR	A	-0.27%
ATEN	B	-0.27%
PAYO	A	-0.27%
CPA	D	-0.26%
STEP	B	-0.26%
ELF	C	-0.26%
ELAN	D	-0.26%
PFGC	B	-0.25%
PLAB	C	-0.25%
HST	C	-0.25%
KYMR	D	-0.25%
SCI	B	-0.25%
CHDN	B	-0.25%
NTRA	B	-0.25%
VRTS	B	-0.25%
AZEK	A	-0.24%
PCTY	B	-0.24%
MTX	B	-0.24%
MCB	B	-0.24%
GLOB	B	-0.24%
RVMD	C	-0.24%
BLBD	D	-0.24%
BOX	B	-0.24%
CBOE	B	-0.23%
CRNX	C	-0.23%
BLD	D	-0.23%
OIS	C	-0.23%
RDDT	B	-0.23%
EEFT	B	-0.23%
CTLT	B	-0.23%
TREX	C	-0.23%
WFRD	D	-0.22%
UFPI	B	-0.22%
TDW	F	-0.22%
CELH	F	-0.22%
CRL	C	-0.22%
ESS	B	-0.22%
ALV	C	-0.22%
ALKS	B	-0.21%
EPR	D	-0.21%
ONON	A	-0.21%
LSCC	D	-0.21%
VRNT	C	-0.21%
BRZE	C	-0.21%
RGEN	D	-0.21%
WFG	D	-0.21%
LPRO	C	-0.21%
PK	B	-0.2%
SWN	D	-0.2%
PRDO	B	-0.2%
KEX	C	-0.2%
THG	A	-0.2%
EVRG	A	-0.2%
CWEN	C	-0.2%
NWE	B	-0.19%
OLLI	D	-0.19%
HAFC	A	-0.19%
BGNE	D	-0.18%
AHH	D	-0.18%
LUV	C	-0.18%
LEGN	F	-0.18%
RARE	D	-0.18%
PBH	A	-0.17%
ENS	D	-0.17%
TW	A	-0.17%
WDC	D	-0.17%
PLUS	F	-0.16%
AVNT	B	-0.16%
BFS	C	-0.16%
REPL	B	-0.16%
SRPT	D	-0.16%
BWXT	B	-0.16%
VERA	B	-0.16%
FIX	A	-0.16%
GMRE	F	-0.15%
XRAY	F	-0.15%
CVLT	B	-0.15%
CNP	B	-0.15%
WTTR	B	-0.15%
NRIX	D	-0.14%
TDC	D	-0.14%
AMAL	B	-0.14%
ESNT	D	-0.13%
ACM	A	-0.12%
XNCR	B	-0.12%
ASND	D	-0.12%
NTLA	F	-0.11%
MDGL	B	-0.11%
ACAD	D	-0.11%
CLDX	F	-0.11%
IONS	F	-0.11%
AKRO	B	-0.11%
IDYA	F	-0.1%
ANET	C	-0.1%
RCKT	F	-0.08%
BXC	B	-0.08%
PRTA	F	-0.07%
SRRK	B	-0.06%
PLRX	F	-0.06%
SWTX	C	-0.04%