FLSP vs. CRBN ETF Comparison

Comparison of Franklin Liberty Systematic Style Premia ETF (FLSP) to iShares MSCI ACWI Low Carbon Target ETF (CRBN)

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

$23.60

Average Daily Volume

19,652

Number of Holdings ^*

158

* may have additional holdings in another (foreign) market

CRBN

iShares MSCI ACWI Low Carbon Target ETF

CRBN Description

The investment seeks to track the investment results of an index composed of large and mid-capitalization developed and emerging market equities with a lower carbon exposure than that of the broad market. The fund seeks to track the investment results of the MSCI ACWI Low Carbon Target Index. It generally invests at least 80% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index is designed to address two dimensions of carbon exposure - carbon emissions and potential carbon emissions from fossil fuel reserves. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$187.18

Average Daily Volume

7,314

Number of Holdings ^*

423

* may have additional holdings in another (foreign) market

Performance

Period	FLSP	CRBN
30 Days	-0.84%	3.21%
60 Days	1.94%	6.24%
90 Days	-1.17%	6.14%
12 Months	8.62%	23.94%

105 Overlapping Holdings

Symbol	Grade	Weight in FLSP	Weight in CRBN	Overlap
A	D	0.32%	0.05%	0.05%
ABBV	C	1.07%	0.16%	0.16%
ABBV	C	1.07%	0.44%	0.44%
ABNB	B	0.1%	0.14%	0.1%
ACN	D	0.7%	0.26%	0.26%
ADBE	B	0.93%	0.33%	0.33%
ADSK	B	0.42%	0.05%	0.05%
AFL	B	0.41%	0.15%	0.15%
AIG	D	0.43%	0.05%	0.05%
AIZ	D	0.08%	0.01%	0.01%
AMAT	B	0.81%	0.16%	0.16%
AMP	B	0.36%	0.04%	0.04%
ANSS	C	0.23%	0.04%	0.04%
APH	B	0.34%	0.18%	0.18%
APP	B	0.14%	0.03%	0.03%
AVB	B	0.24%	0.03%	0.03%
AWK	B	0.21%	0.21%	0.21%
BCS	A	0.33%	0.11%	0.11%
BK	B	0.38%	0.1%	0.1%
BKNG	B	1.18%	0.2%	0.2%
BR	B	0.2%	0.07%	0.07%
BRK.A	C	1.06%	0.59%	0.59%
CDNS	B	0.68%	0.1%	0.1%
CHKP	A	0.06%	0.06%	0.06%
CI	D	0.52%	0.12%	0.12%
CL	B	0.41%	0.15%	0.15%
CMCSA	F	0.74%	0.27%	0.27%
CNC	D	0.3%	0.01%	0.01%
CPAY	D	0.16%	0.05%	0.05%
CRL	F	0.1%	0.0%	0.0%
CRM	C	1.23%	0.33%	0.33%
CSX	D	0.54%	0.13%	0.13%
CTAS	A	0.35%	0.14%	0.14%
CTSH	C	0.28%	0.07%	0.07%
DECK	C	0.07%	0.03%	0.03%
DOCU	C	0.08%	0.01%	0.01%
EA	B	0.29%	0.07%	0.07%
EBAY	B	0.22%	0.09%	0.09%
ELV	C	1.12%	0.17%	0.17%
EQH	B	0.11%	0.09%	0.09%
FCNCA	C	0.17%	0.04%	0.04%
FFIV	C	0.08%	0.07%	0.07%
FICO	A	0.08%	0.04%	0.04%
GDDY	A	0.15%	0.01%	0.01%
GILD	C	0.72%	0.15%	0.15%
GLPI	B	0.1%	0.02%	0.02%
GOOG	A	0.21%	1.21%	0.21%
HD	C	0.5%	0.5%	0.5%
HIG	C	0.13%	0.06%	0.06%
IDXX	D	0.35%	0.08%	0.08%
INTU	A	1.33%	0.24%	0.24%
IQV	D	0.32%	0.08%	0.08%
IR	C	0.31%	0.22%	0.22%
KKR	C	0.27%	0.08%	0.08%
L	D	0.12%	0.03%	0.03%
LDOS	B	0.16%	0.04%	0.04%
LIN	C	0.26%	0.1%	0.1%
LNG	B	0.34%	0.09%	0.09%
LULU	F	0.29%	0.06%	0.06%
MA	C	1.41%	0.51%	0.51%
MAS	D	0.13%	0.05%	0.05%
MELI	B	0.32%	0.12%	0.12%
MET	D	0.37%	0.1%	0.1%
META	A	0.84%	1.52%	0.84%
MNST	D	0.16%	0.1%	0.1%
MSFT	A	1.29%	4.32%	1.29%
MTCH	F	0.07%	0.01%	0.01%
NOW	A	1.33%	0.17%	0.17%
NTAP	A	0.27%	0.09%	0.09%
NVDA	B	1.1%	4.31%	1.1%
NVS	A	1.03%	0.31%	0.31%
NXPI	B	0.57%	0.11%	0.11%
ORCL	A	0.98%	0.35%	0.35%
PG	C	0.2%	0.64%	0.2%
PH	D	0.35%	0.09%	0.09%
PTC	B	0.18%	0.06%	0.06%
PYPL	D	0.51%	0.09%	0.09%
QCOM	B	1.23%	0.31%	0.31%
RCL	B	0.31%	0.05%	0.05%
REGN	B	0.97%	0.15%	0.15%
RPRX	F	0.1%	0.1%	0.1%
RS	D	0.14%	0.14%	0.14%
SNA	F	0.11%	0.06%	0.06%
SNPS	B	0.43%	0.12%	0.12%
SPG	C	0.4%	0.1%	0.1%
SSNC	B	0.11%	0.14%	0.11%
STT	C	0.18%	0.04%	0.04%
T	B	1.17%	0.24%	0.24%
TDG	D	0.35%	0.02%	0.02%
TEL	B	0.38%	0.11%	0.11%
TGT	D	0.17%	0.05%	0.05%
TJX	A	1.11%	0.1%	0.1%
TROW	C	0.21%	0.03%	0.03%
TYL	A	0.17%	0.01%	0.01%
UBER	B	1.06%	0.2%	0.2%
UTHR	B	0.13%	0.03%	0.03%
V	C	1.09%	0.63%	0.63%
VEEV	D	0.24%	0.07%	0.07%
VICI	D	0.24%	0.07%	0.07%
VRTX	B	1.1%	0.17%	0.17%
VTRS	D	0.11%	0.04%	0.04%
VZ	B	1.29%	0.28%	0.28%
WMT	A	1.22%	0.29%	0.29%
WST	F	0.11%	0.04%	0.04%
ZM	F	0.11%	0.01%	0.01%

FLSP Overweight 54 Positions Relative to CRBN

Symbol	Grade	Weight
EOG	D	0.62%
FDX	B	0.57%
MPC	D	0.55%
PSX	D	0.51%
VLO	D	0.43%
GM	B	0.43%
KMB	B	0.4%
NUE	F	0.32%
SYY	D	0.3%
KR	C	0.28%
PCAR	D	0.27%
VST	C	0.24%
STLA	F	0.21%
CAH	D	0.2%
PHM	D	0.2%
LYB	D	0.2%
CSL	C	0.17%
K	D	0.16%
STLD	D	0.16%
CBOE	D	0.15%
BLDR	F	0.15%
LII	B	0.15%
DPZ	D	0.15%
EXPD	B	0.15%
MOH	F	0.15%
MRO	B	0.14%
TXT	D	0.14%
WSM	D	0.14%
BBY	C	0.14%
NRG	D	0.14%
OC	D	0.13%
BG	B	0.13%
MANH	B	0.13%
PKG	C	0.13%
EXPE	C	0.13%
CF	F	0.12%
JBL	F	0.12%
AVTR	D	0.12%
LYV	C	0.12%
NBIX	C	0.11%
FE	C	0.11%
HOLX	C	0.11%
INCY	D	0.1%
MOS	F	0.1%
DT	F	0.1%
TAP	F	0.09%
DINO	D	0.09%
HII	D	0.08%
FOXA	B	0.08%
ACI	F	0.07%
MCK	B	0.06%
SEIC	D	0.06%
CRBG	C	0.06%
CLF	D	0.06%

FLSP Underweight 318 Positions Relative to CRBN

Symbol	Grade	Weight
AAPL	A	-4.42%
AMZN	A	-2.49%
GOOGL	A	-1.53%
AVGO	B	-1.09%
TSLA	B	-1.04%
LLY	A	-0.98%
JPM	B	-0.83%
NVO	B	-0.64%
UNH	D	-0.61%
JNJ	F	-0.55%
HAL	F	-0.53%
MRK	C	-0.48%
KO	A	-0.46%
NFLX	A	-0.42%
PM	B	-0.39%
MCD	F	-0.39%
BAC	B	-0.38%
TRGP	A	-0.37%
AMD	B	-0.37%
CSCO	D	-0.36%
MO	A	-0.34%
BKR	C	-0.32%
WFC	C	-0.3%
IBM	B	-0.29%
AME	D	-0.29%
TXN	B	-0.28%
KLAC	B	-0.28%
SLB	D	-0.28%
COST	A	-0.28%
AMGN	B	-0.27%
TMO	D	-0.27%
FCX	C	-0.26%
DIS	D	-0.25%
TPL	B	-0.25%
GS	A	-0.24%
MUFG	A	-0.24%
DHR	D	-0.24%
PFE	C	-0.23%
C	B	-0.23%
UNP	D	-0.23%
CB	C	-0.22%
PEP	D	-0.22%
ROP	B	-0.21%
AXP	C	-0.21%
ISRG	A	-0.21%
OKE	B	-0.2%
MMC	B	-0.2%
URI	D	-0.2%
INTC	C	-0.2%
BABA	D	-0.2%
ADP	D	-0.2%
SONY	C	-0.19%
EIX	C	-0.19%
ADI	B	-0.19%
ETN	C	-0.18%
FI	C	-0.18%
BMY	F	-0.18%
BSX	B	-0.18%
WMB	B	-0.18%
MU	C	-0.18%
FTV	D	-0.17%
NEE	D	-0.17%
ECL	B	-0.17%
SMFG	A	-0.16%
LOW	D	-0.16%
SBUX	F	-0.16%
MS	B	-0.16%
AXON	C	-0.16%
AER	B	-0.15%
SCHW	D	-0.15%
DEO	F	-0.15%
ANET	A	-0.15%
CMG	D	-0.15%
PLD	C	-0.15%
PGR	B	-0.15%
GGG	D	-0.14%
SYK	B	-0.14%
VRSK	A	-0.14%
AMT	B	-0.14%
BLK	B	-0.14%
MSI	B	-0.14%
IEX	D	-0.14%
LRCX	B	-0.13%
STZ	B	-0.13%
SPGI	B	-0.13%
PANW	B	-0.13%
PAYX	D	-0.13%
NMR	C	-0.13%
XYL	D	-0.13%
TMUS	B	-0.13%
ES	C	-0.12%
HCA	C	-0.12%
ITW	D	-0.12%
NKE	F	-0.12%
OTIS	B	-0.12%
ZTS	C	-0.12%
PDD	D	-0.12%
FAST	D	-0.12%
CPRT	C	-0.11%
SHW	D	-0.11%
BX	C	-0.11%
LYG	A	-0.11%
BDX	F	-0.11%
GRMN	C	-0.11%
CTVA	D	-0.11%
CNI	D	-0.11%
CME	D	-0.11%
HUBB	C	-0.1%
EQIX	C	-0.1%
MDLZ	D	-0.1%
SCCO	C	-0.1%
MFG	A	-0.1%
MRVL	C	-0.1%
ICE	A	-0.1%
MDT	D	-0.1%
LI	F	-0.09%
AON	C	-0.09%
PSA	B	-0.09%
PNC	C	-0.09%
KVUE	F	-0.09%
WAB	D	-0.09%
NEM	A	-0.08%
FIS	B	-0.08%
CHTR	C	-0.08%
CRWD	B	-0.08%
MCHP	C	-0.08%
ABT	D	-0.08%
VMC	D	-0.08%
PCG	D	-0.08%
TRV	D	-0.08%
EFX	B	-0.08%
CCI	D	-0.08%
HLT	B	-0.08%
EW	B	-0.08%
COIN	C	-0.07%
COF	D	-0.07%
MPWR	B	-0.07%
PLTR	A	-0.07%
TFC	B	-0.07%
CHD	C	-0.07%
KB	A	-0.07%
NSC	D	-0.07%
GEN	B	-0.07%
APO	B	-0.07%
ACGL	C	-0.07%
TER	A	-0.07%
SHG	A	-0.07%
VRT	C	-0.07%
UPS	D	-0.07%
USB	D	-0.07%
DG	F	-0.07%
DGX	C	-0.06%
ULTA	D	-0.06%
LVS	F	-0.06%
SYF	B	-0.06%
WELL	A	-0.06%
MCO	A	-0.06%
IBN	A	-0.06%
ED	D	-0.06%
DLTR	F	-0.06%
DXCM	D	-0.06%
WTRG	C	-0.06%
GPN	D	-0.06%
MAR	C	-0.06%
UL	B	-0.06%
PEG	B	-0.06%
IT	B	-0.06%
TRMB	C	-0.06%
SMCI	B	-0.06%
ZBH	D	-0.06%
EL	F	-0.06%
TTD	A	-0.06%
HDB	C	-0.05%
EMR	C	-0.05%
SNOW	D	-0.05%
CVS	D	-0.05%
IRM	B	-0.05%
HST	D	-0.05%
HUM	C	-0.05%
WTW	B	-0.05%
YUM	D	-0.05%
EXR	B	-0.05%
TRU	C	-0.05%
DLR	B	-0.05%
HSY	F	-0.05%
NTRS	C	-0.05%
DFS	B	-0.05%
ROST	B	-0.05%
KDP	D	-0.05%
RIVN	C	-0.05%
FSLR	C	-0.05%
AKAM	F	-0.05%
DASH	C	-0.05%
ODFL	C	-0.05%
J	D	-0.05%
FWONK	B	-0.04%
DE	F	-0.04%
CHT	D	-0.04%
SQ	C	-0.04%
WDAY	D	-0.04%
STE	C	-0.04%
ROL	A	-0.04%
KEYS	D	-0.04%
WIT	A	-0.04%
MTB	C	-0.04%
PSTG	B	-0.04%
MTD	D	-0.04%
ROK	D	-0.04%
CDW	D	-0.04%
CSGP	F	-0.04%
CEG	B	-0.04%
COO	D	-0.04%
FTNT	C	-0.04%
BIIB	C	-0.04%
SBAC	F	-0.04%
LH	C	-0.04%
TEVA	C	-0.04%
ALL	D	-0.03%
EG	D	-0.03%
ENTG	B	-0.03%
PINS	B	-0.03%
ON	C	-0.03%
Z	C	-0.03%
BIDU	F	-0.03%
WYNN	D	-0.03%
BAH	C	-0.03%
AJG	A	-0.03%
EXC	D	-0.03%
TTWO	C	-0.03%
GWW	C	-0.03%
SOLV	F	-0.03%
DDOG	B	-0.03%
DKNG	F	-0.03%
ALGN	D	-0.03%
MSTR	D	-0.03%
TEAM	C	-0.03%
PRU	B	-0.03%
PAYC	F	-0.03%
DVA	C	-0.03%
VLTO	D	-0.03%
XRX	F	-0.03%
EQR	B	-0.03%
IPG	F	-0.02%
GRAB	C	-0.02%
OKTA	C	-0.02%
BRO	B	-0.02%
PWR	D	-0.02%
HOOD	B	-0.02%
CELH	F	-0.02%
ETSY	F	-0.02%
FITB	D	-0.02%
GLBE	B	-0.02%
TCOM	C	-0.02%
FNF	D	-0.02%
MRNA	D	-0.02%
NDSN	D	-0.02%
ENPH	F	-0.02%
TFX	C	-0.02%
RMD	C	-0.02%
VRSN	C	-0.02%
INVH	A	-0.02%
ACM	D	-0.02%
WRB	C	-0.02%
CFG	B	-0.02%
AZPN	D	-0.02%
MGM	B	-0.02%
OMC	D	-0.02%
DAY	F	-0.02%
ALLE	D	-0.02%
SNAP	B	-0.02%
BXP	C	-0.02%
ARE	C	-0.01%
RBLX	B	-0.01%
EXAS	D	-0.01%
PODD	C	-0.01%
HTHT	F	-0.01%
SWKS	C	-0.01%
TOST	B	-0.01%
KIM	B	-0.01%
MNSO	F	-0.01%
XPEV	F	-0.01%
ALB	F	-0.01%
TAL	D	-0.01%
ESS	B	-0.01%
SE	B	-0.01%
DOC	B	-0.01%
PCTY	F	-0.01%
GIS	D	-0.01%
ERIE	C	-0.01%
NIO	F	-0.01%
RVTY	D	-0.01%
TW	C	-0.01%
MKTX	C	-0.01%
NET	B	-0.01%
AFG	D	-0.01%
O	C	-0.01%
BBWI	F	-0.01%
MDB	D	-0.01%
HUBS	C	-0.01%
SRE	B	-0.01%
LSCC	D	-0.01%
EPAM	F	-0.01%
WAT	D	-0.01%
NLY	C	-0.01%
ILMN	D	-0.01%
POOL	F	-0.0%
QFIN	D	-0.0%
TME	B	-0.0%
BAX	C	-0.0%
RGEN	F	-0.0%
REG	B	-0.0%
ZTO	F	-0.0%
CZR	C	-0.0%
WBD	F	-0.0%
DRI	D	-0.0%
ROKU	C	-0.0%
CTLT	B	-0.0%
MKL	D	-0.0%