FLSP vs. ACWV ETF Comparison

Comparison of Franklin Liberty Systematic Style Premia ETF (FLSP) to iShares MSCI All Country World Minimum Volatility Index Fund (ACWV)

FLSP

Franklin Liberty Systematic Style Premia ETF

FLSP Description

The investment seeks absolute return. The fund seeks to achieve its investment goal by allocating its assets across two underlying alternative investment strategies, which represent top-down and bottom-up approaches to capturing factor-based risk premia. Through the two strategies, it may invest in or obtain exposure to: (i) equity securities (which may include common stocks and preferred stocks), (ii) debt securities (which may include bonds, notes, debentures, banker's acceptances and commercial paper), (iii) commodity-linked derivative instruments and (iv) currency-related derivative instruments.

Grade (RS Rating)

Last Trade

$24.03

Average Daily Volume

11,449

Number of Holdings ^*

183

* may have additional holdings in another (foreign) market

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$114.52

Average Daily Volume

117,990

Number of Holdings ^*

139

* may have additional holdings in another (foreign) market

Performance

Period	FLSP	ACWV
30 Days	0.69%	0.32%
60 Days	0.06%	-0.25%
90 Days	0.73%	1.23%
12 Months	6.54%	18.77%

43 Overlapping Holdings

Symbol	Grade	Weight in FLSP	Weight in ACWV	Overlap
ABBV	D	0.59%	0.49%	0.49%
ACI	C	0.06%	0.05%	0.05%
AIZ	A	0.06%	0.13%	0.06%
APH	A	0.18%	0.54%	0.18%
BMY	B	0.59%	0.25%	0.25%
CAH	B	0.12%	0.18%	0.12%
CBOE	B	0.12%	0.54%	0.12%
CF	B	0.1%	0.25%	0.1%
CHRW	C	0.08%	0.06%	0.06%
CI	F	0.22%	0.24%	0.22%
CL	D	0.36%	0.35%	0.35%
COR	B	0.04%	1.05%	0.04%
CTSH	B	0.21%	0.21%	0.21%
DPZ	C	0.08%	0.19%	0.08%
EA	A	0.23%	0.63%	0.23%
FFIV	B	0.08%	0.36%	0.08%
FICO	B	0.34%	0.12%	0.12%
GDDY	A	0.15%	0.64%	0.15%
GEN	B	0.1%	0.3%	0.1%
GILD	C	0.61%	0.48%	0.48%
HOLX	D	0.11%	0.05%	0.05%
INCY	C	0.07%	0.38%	0.07%
K	A	0.12%	0.57%	0.12%
KMB	D	0.23%	0.3%	0.23%
KR	B	0.24%	0.83%	0.24%
L	A	0.09%	0.4%	0.09%
LNG	B	0.29%	0.16%	0.16%
MA	C	0.77%	0.19%	0.19%
MOH	F	0.1%	0.12%	0.1%
MPC	D	0.27%	0.15%	0.15%
MSFT	F	0.57%	0.76%	0.57%
MSI	B	0.48%	1.88%	0.48%
NBIX	C	0.08%	0.31%	0.08%
PG	A	0.13%	0.82%	0.13%
PTC	A	0.1%	0.22%	0.1%
REGN	F	0.33%	0.61%	0.33%
ROL	B	0.09%	0.21%	0.09%
T	A	0.63%	0.26%	0.26%
TJX	A	0.75%	0.37%	0.37%
UTHR	C	0.1%	0.4%	0.1%
VRSN	F	0.1%	0.35%	0.1%
VRTX	F	0.49%	1.13%	0.49%
WMT	A	0.75%	1.82%	0.75%

FLSP Overweight 140 Positions Relative to ACWV

Symbol	Grade	Weight
ADBE	C	0.91%
BKNG	A	0.87%
QCOM	F	0.83%
NOW	A	0.75%
CRM	B	0.7%
INTU	C	0.68%
AMAT	F	0.66%
NVDA	C	0.62%
MDT	D	0.6%
UBER	D	0.49%
NVS	D	0.48%
PYPL	B	0.45%
META	D	0.45%
NFLX	A	0.45%
EOG	A	0.44%
CMCSA	B	0.42%
MMM	D	0.41%
ADSK	A	0.36%
HCA	F	0.36%
GM	B	0.36%
SPG	B	0.35%
CTAS	B	0.35%
RTX	C	0.34%
TMO	F	0.34%
AFL	B	0.33%
FTNT	C	0.32%
CDNS	B	0.32%
APP	B	0.31%
CSX	B	0.31%
BK	A	0.31%
VST	B	0.29%
HD	A	0.28%
FDX	B	0.27%
FIS	C	0.26%
CMI	A	0.25%
VLO	C	0.25%
PH	A	0.23%
A	D	0.23%
PSX	C	0.23%
BCS	C	0.23%
CPRT	A	0.22%
AMP	A	0.22%
RCL	A	0.21%
MET	A	0.21%
AIG	B	0.21%
SNPS	B	0.2%
HPQ	B	0.2%
VICI	C	0.19%
TGT	F	0.19%
HIG	B	0.19%
EBAY	D	0.18%
SE	B	0.18%
IQV	D	0.17%
STT	A	0.17%
LULU	C	0.16%
ADM	D	0.16%
TROW	B	0.16%
DECK	A	0.16%
NTAP	C	0.16%
IR	B	0.16%
MELI	D	0.16%
MS	A	0.15%
SYY	B	0.15%
MTD	D	0.15%
ANSS	B	0.14%
WAT	B	0.14%
PCAR	B	0.14%
EXPE	B	0.14%
IDXX	F	0.14%
NUE	C	0.14%
AWK	D	0.13%
CNC	D	0.13%
DVN	F	0.13%
LDOS	C	0.13%
AVB	B	0.13%
LIN	D	0.13%
TYL	B	0.13%
VTR	C	0.12%
NRG	B	0.12%
CPAY	A	0.12%
NTRS	A	0.12%
LYV	A	0.12%
BR	A	0.12%
VEEV	C	0.12%
BBY	D	0.11%
CSL	C	0.11%
STX	D	0.11%
PKG	A	0.11%
LII	A	0.11%
STLD	B	0.11%
GOOG	C	0.11%
WSM	B	0.11%
LVS	C	0.11%
LYB	F	0.11%
PHM	D	0.11%
MRO	B	0.1%
EL	F	0.1%
JBL	B	0.1%
MAS	D	0.1%
RS	B	0.1%
BLDR	D	0.1%
DOCU	A	0.1%
SNA	A	0.1%
FE	C	0.1%
ZM	B	0.1%
UDR	B	0.09%
TWLO	A	0.09%
VTRS	A	0.09%
EQH	B	0.09%
SSNC	B	0.09%
TXT	D	0.09%
OC	A	0.09%
EXPD	D	0.09%
MANH	D	0.09%
AVTR	F	0.08%
DT	C	0.08%
OVV	B	0.08%
REG	B	0.08%
SWKS	F	0.08%
PAYC	B	0.07%
FOXA	B	0.07%
TAP	C	0.07%
DKS	C	0.07%
BG	F	0.07%
GLPI	C	0.07%
UHS	D	0.07%
MKTX	D	0.06%
MTCH	D	0.06%
CHKP	D	0.06%
TER	D	0.06%
SEIC	B	0.06%
RPRX	D	0.06%
RPM	A	0.05%
AER	B	0.05%
WYNN	D	0.05%
MGM	D	0.05%
MOS	F	0.05%
CRBG	B	0.05%
ON	D	0.04%
HII	D	0.04%

FLSP Underweight 96 Positions Relative to ACWV

Symbol	Grade	Weight
TMUS	B	-2.03%
CSCO	B	-1.57%
WM	A	-1.5%
MCK	B	-1.42%
ROP	B	-1.36%
RSG	A	-1.19%
PEP	F	-1.08%
MRK	F	-1.06%
JNJ	D	-1.05%
MCD	D	-1.02%
BRK.A	B	-0.91%
CB	C	-0.88%
MMC	B	-0.88%
PGR	A	-0.84%
ED	D	-0.84%
UNH	C	-0.83%
DUK	C	-0.81%
SO	D	-0.8%
NOC	D	-0.77%
AZO	C	-0.77%
VZ	C	-0.76%
IBM	C	-0.73%
WEC	A	-0.68%
ORLY	B	-0.62%
GIS	D	-0.61%
V	A	-0.59%
ACGL	D	-0.57%
ORCL	B	-0.54%
LLY	F	-0.52%
FI	A	-0.48%
CHD	B	-0.46%
HSY	F	-0.44%
MKL	A	-0.43%
ELV	F	-0.42%
WRB	A	-0.41%
KEYS	A	-0.41%
WCN	A	-0.39%
CHT	D	-0.37%
BAH	F	-0.37%
KDP	D	-0.36%
AON	A	-0.35%
AMGN	D	-0.34%
KHC	F	-0.33%
AJG	B	-0.33%
TRV	B	-0.32%
TSN	B	-0.32%
JNPR	F	-0.32%
HUM	C	-0.31%
BRO	B	-0.3%
AKAM	D	-0.27%
SJM	D	-0.27%
ACN	C	-0.26%
ERIE	D	-0.26%
MDLZ	F	-0.25%
YUM	B	-0.24%
FCNCA	A	-0.23%
LMT	D	-0.23%
CME	A	-0.23%
HRL	D	-0.23%
FWONK	B	-0.22%
BDX	F	-0.22%
CPB	D	-0.22%
MFG	B	-0.21%
JKHY	D	-0.2%
BMRN	D	-0.19%
GD	F	-0.18%
ULTA	F	-0.16%
CMS	C	-0.16%
DGX	A	-0.15%
WIT	A	-0.12%
CTVA	C	-0.12%
MNST	C	-0.12%
AZPN	A	-0.11%
TDY	B	-0.11%
AEE	A	-0.11%
XEL	A	-0.11%
EG	C	-0.1%
WTW	B	-0.1%
XOM	B	-0.1%
WDAY	B	-0.1%
PCG	A	-0.1%
ABT	B	-0.1%
TPL	A	-0.1%
NEM	D	-0.09%
TRGP	B	-0.08%
AEP	D	-0.07%
IT	C	-0.07%
KNX	B	-0.06%
ANET	C	-0.06%
DINO	D	-0.06%
FANG	D	-0.06%
CAG	D	-0.05%
GPC	D	-0.05%
KO	D	-0.05%
HSIC	B	-0.05%
HKD	F	-0.0%