FLSP vs. HELO ETF Comparison

Comparison of Franklin Liberty Systematic Style Premia ETF (FLSP) to JPMorgan Hedged Equity Laddered Overlay ETF (HELO)

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

$24.11

Average Daily Volume

11,449

Number of Holdings ^*

183

* may have additional holdings in another (foreign) market

HELO

JPMorgan Hedged Equity Laddered Overlay ETF

HELO Description

The fund seeks to provide capital appreciation through participation in the broad equity markets while hedging overall market exposure relative to traditional long-only equity strategies. Under normal circumstances, it invests at least 80% of its assets in equity securities. The fund uses an enhanced index strategy to invest in equity securities similar to those in the S&P 500 Index, which primarily consist of common stocks of large capitalization U.S. companies.

Grade (RS Rating)

Last Trade

$62.66

Average Daily Volume

282,728

Number of Holdings ^*

161

* may have additional holdings in another (foreign) market

Performance

Period	FLSP	HELO
30 Days	0.69%	1.57%
60 Days	0.06%	3.39%
90 Days	0.73%	4.59%
12 Months	6.54%	20.91%

52 Overlapping Holdings

Symbol	Grade	Weight in FLSP	Weight in HELO	Overlap
ABBV	D	0.59%	1.14%	0.59%
ADBE	C	0.91%	0.18%	0.18%
AMP	A	0.22%	0.2%	0.2%
BBY	D	0.11%	0.2%	0.11%
BKNG	A	0.87%	0.75%	0.75%
BMY	B	0.59%	0.68%	0.59%
CDNS	B	0.32%	0.17%	0.17%
CI	F	0.22%	0.34%	0.22%
CMCSA	B	0.42%	0.71%	0.42%
CPAY	A	0.12%	0.47%	0.12%
CRM	B	0.7%	1.15%	0.7%
CSX	B	0.31%	0.41%	0.31%
CTSH	B	0.21%	0.49%	0.21%
EL	F	0.1%	0.05%	0.05%
EOG	A	0.44%	0.47%	0.44%
EXPE	B	0.14%	0.29%	0.14%
FDX	B	0.27%	0.33%	0.27%
FICO	B	0.34%	0.12%	0.12%
FIS	C	0.26%	0.52%	0.26%
GOOG	C	0.11%	1.46%	0.11%
HCA	F	0.36%	0.11%	0.11%
INTU	C	0.68%	0.51%	0.51%
IR	B	0.16%	0.23%	0.16%
LDOS	C	0.13%	0.39%	0.13%
LIN	D	0.13%	0.82%	0.13%
LULU	C	0.16%	0.13%	0.13%
LYB	F	0.11%	0.23%	0.11%
MA	C	0.77%	1.72%	0.77%
MAS	D	0.1%	0.23%	0.1%
MDT	D	0.6%	0.46%	0.46%
MET	A	0.21%	0.3%	0.21%
META	D	0.45%	2.9%	0.45%
MSFT	F	0.57%	7.13%	0.57%
MSI	B	0.48%	0.17%	0.17%
NBIX	C	0.08%	0.08%	0.08%
NOW	A	0.75%	0.94%	0.75%
NRG	B	0.12%	0.04%	0.04%
NUE	C	0.14%	0.11%	0.11%
NVDA	C	0.62%	7.8%	0.62%
PCAR	B	0.14%	0.18%	0.14%
PG	A	0.13%	0.14%	0.13%
RCL	A	0.21%	0.34%	0.21%
REGN	F	0.33%	0.45%	0.33%
STX	D	0.11%	0.41%	0.11%
T	A	0.63%	0.18%	0.18%
TGT	F	0.19%	0.14%	0.14%
TMO	F	0.34%	0.89%	0.34%
TXT	D	0.09%	0.29%	0.09%
UBER	D	0.49%	0.58%	0.49%
VRTX	F	0.49%	0.6%	0.49%
VST	B	0.29%	0.1%	0.1%
VTR	C	0.12%	0.39%	0.12%

FLSP Overweight 131 Positions Relative to HELO

Symbol	Grade	Weight
QCOM	F	0.83%
WMT	A	0.75%
TJX	A	0.75%
AMAT	F	0.66%
GILD	C	0.61%
NVS	D	0.48%
PYPL	B	0.45%
NFLX	A	0.45%
MMM	D	0.41%
ADSK	A	0.36%
GM	B	0.36%
CL	D	0.36%
SPG	B	0.35%
CTAS	B	0.35%
RTX	C	0.34%
AFL	B	0.33%
FTNT	C	0.32%
APP	B	0.31%
BK	A	0.31%
LNG	B	0.29%
HD	A	0.28%
MPC	D	0.27%
CMI	A	0.25%
VLO	C	0.25%
KR	B	0.24%
KMB	D	0.23%
PH	A	0.23%
A	D	0.23%
PSX	C	0.23%
EA	A	0.23%
BCS	C	0.23%
CPRT	A	0.22%
AIG	B	0.21%
SNPS	B	0.2%
HPQ	B	0.2%
VICI	C	0.19%
HIG	B	0.19%
EBAY	D	0.18%
SE	B	0.18%
APH	A	0.18%
IQV	D	0.17%
STT	A	0.17%
ADM	D	0.16%
TROW	B	0.16%
DECK	A	0.16%
NTAP	C	0.16%
MELI	D	0.16%
GDDY	A	0.15%
MS	A	0.15%
SYY	B	0.15%
MTD	D	0.15%
ANSS	B	0.14%
WAT	B	0.14%
IDXX	F	0.14%
AWK	D	0.13%
CNC	D	0.13%
DVN	F	0.13%
AVB	B	0.13%
TYL	B	0.13%
CBOE	B	0.12%
K	A	0.12%
CAH	B	0.12%
NTRS	A	0.12%
LYV	A	0.12%
BR	A	0.12%
VEEV	C	0.12%
CSL	C	0.11%
PKG	A	0.11%
HOLX	D	0.11%
LII	A	0.11%
STLD	B	0.11%
WSM	B	0.11%
LVS	C	0.11%
PHM	D	0.11%
MRO	B	0.1%
JBL	B	0.1%
MOH	F	0.1%
RS	B	0.1%
CF	B	0.1%
UTHR	C	0.1%
VRSN	F	0.1%
BLDR	D	0.1%
PTC	A	0.1%
DOCU	A	0.1%
SNA	A	0.1%
FE	C	0.1%
ZM	B	0.1%
GEN	B	0.1%
UDR	B	0.09%
L	A	0.09%
TWLO	A	0.09%
ROL	B	0.09%
VTRS	A	0.09%
EQH	B	0.09%
SSNC	B	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%
CHRW	C	0.08%
FFIV	B	0.08%
REG	B	0.08%
SWKS	F	0.08%
DPZ	C	0.08%
PAYC	B	0.07%
FOXA	B	0.07%
TAP	C	0.07%
DKS	C	0.07%
INCY	C	0.07%
BG	F	0.07%
GLPI	C	0.07%
UHS	D	0.07%
ACI	C	0.06%
MKTX	D	0.06%
MTCH	D	0.06%
CHKP	D	0.06%
TER	D	0.06%
SEIC	B	0.06%
RPRX	D	0.06%
AIZ	A	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%
COR	B	0.04%
HII	D	0.04%

FLSP Underweight 109 Positions Relative to HELO

Symbol	Grade	Weight
AAPL	C	-6.83%
AMZN	C	-4.5%
GOOGL	C	-2.09%
UNH	C	-1.62%
TSLA	B	-1.58%
BRK.A	B	-1.53%
V	A	-1.49%
XOM	B	-1.43%
BAC	A	-1.26%
LLY	F	-1.07%
AVGO	D	-1.02%
WFC	A	-1.0%
LOW	D	-0.99%
HON	B	-0.98%
TT	A	-0.96%
TXN	C	-0.87%
SO	D	-0.84%
NEE	D	-0.83%
PEP	F	-0.83%
COP	C	-0.81%
MCD	D	-0.81%
SYK	C	-0.76%
GS	A	-0.75%
PGR	A	-0.75%
NXPI	D	-0.72%
ADI	D	-0.72%
MDLZ	F	-0.72%
DE	A	-0.68%
AZO	C	-0.65%
KO	D	-0.63%
HWM	A	-0.62%
CME	A	-0.59%
MU	D	-0.57%
TFC	A	-0.56%
UPS	C	-0.54%
COST	B	-0.53%
BSX	B	-0.52%
TDG	D	-0.52%
CMG	B	-0.51%
JNJ	D	-0.51%
PLD	D	-0.5%
OTIS	C	-0.5%
PCG	A	-0.5%
YUM	B	-0.5%
FITB	A	-0.48%
CARR	D	-0.46%
AMD	F	-0.45%
DHR	F	-0.44%
AON	A	-0.44%
ROST	C	-0.44%
SCHW	B	-0.42%
DLR	B	-0.39%
ETN	A	-0.38%
LRCX	F	-0.37%
ORCL	B	-0.36%
HLT	A	-0.36%
DOW	F	-0.35%
TRV	B	-0.34%
USB	A	-0.33%
PM	B	-0.32%
MNST	C	-0.32%
SBAC	D	-0.31%
FANG	D	-0.31%
DIS	B	-0.31%
C	A	-0.3%
CHD	B	-0.3%
WELL	A	-0.27%
KVUE	A	-0.26%
CHTR	C	-0.25%
BKR	B	-0.24%
BURL	A	-0.24%
MRK	F	-0.24%
DAL	C	-0.23%
PPG	F	-0.21%
ACN	C	-0.21%
AXP	A	-0.21%
KKR	A	-0.2%
ABT	B	-0.19%
ELS	C	-0.19%
CVX	A	-0.18%
HPE	B	-0.18%
WDC	D	-0.18%
NOC	D	-0.17%
UNP	C	-0.17%
TMUS	B	-0.17%
MCK	B	-0.16%
MLM	B	-0.16%
HUM	C	-0.16%
MO	A	-0.15%
ANET	C	-0.15%
LEN	D	-0.14%
MMC	B	-0.14%
SQ	B	-0.14%
URI	B	-0.13%
PFG	D	-0.13%
BIIB	F	-0.12%
DASH	A	-0.11%
CMS	C	-0.1%
APTV	D	-0.1%
WMG	C	-0.1%
EQIX	A	-0.07%
SIRI	C	-0.07%
EQT	B	-0.06%
BAX	D	-0.06%
MRVL	B	-0.06%
AME	A	-0.06%
BMRN	D	-0.03%
SRPT	D	-0.03%
LKQ	D	-0.02%