FLSP vs. LCTU ETF Comparison

Comparison of Franklin Liberty Systematic Style Premia ETF (FLSP) to BlackRock U.S. Carbon Transition Readiness ETF (LCTU)

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

LCTU

BlackRock U.S. Carbon Transition Readiness ETF

LCTU Description

The investment seeks long-term capital appreciation by investing in large- and mid-capitalization U.S. equity securities that may be better positioned to benefit from the transition to a low-carbon economy. The fund seeks to outperform the price and yield performance of the Russell 1000 Â®Index by optimizing for LCETR scores criteria based on proprietary BFA research. It seeks to invest at least 80% of its net assets in equity securities of issuers listed in the United States of America. The index is a subset of the Russell 3000 Index, which measures the performance of the broad U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$60.52

Average Daily Volume

59,730

Number of Holdings ^*

309

* may have additional holdings in another (foreign) market

Performance

Period	FLSP	LCTU
30 Days	-0.84%	3.98%
60 Days	1.94%	7.13%
90 Days	-1.17%	6.50%
12 Months	8.62%	26.22%

71 Overlapping Holdings

Symbol	Grade	Weight in FLSP	Weight in LCTU	Overlap
A	D	0.32%	0.19%	0.19%
ABBV	C	1.07%	0.76%	0.76%
ABNB	B	0.1%	0.1%	0.1%
ACN	D	0.7%	1.06%	0.7%
ADBE	B	0.93%	0.69%	0.69%
ADSK	B	0.42%	0.58%	0.42%
AIG	D	0.43%	0.11%	0.11%
AMAT	B	0.81%	0.3%	0.3%
BBY	C	0.14%	0.48%	0.14%
BG	B	0.13%	0.02%	0.02%
BKNG	B	1.18%	0.69%	0.69%
BRK.A	C	1.06%	0.6%	0.6%
CDNS	B	0.68%	0.14%	0.14%
CI	D	0.52%	0.24%	0.24%
CL	B	0.41%	0.22%	0.22%
CMCSA	F	0.74%	0.21%	0.21%
CNC	D	0.3%	0.2%	0.2%
CRM	C	1.23%	0.51%	0.51%
CSX	D	0.54%	0.02%	0.02%
DECK	C	0.07%	0.25%	0.07%
DOCU	C	0.08%	0.02%	0.02%
EBAY	B	0.22%	0.24%	0.22%
ELV	C	1.12%	0.41%	0.41%
EXPD	B	0.15%	0.37%	0.15%
EXPE	C	0.13%	0.06%	0.06%
FDX	B	0.57%	0.06%	0.06%
GM	B	0.43%	0.12%	0.12%
GOOG	A	0.21%	1.91%	0.21%
HD	C	0.5%	0.64%	0.5%
HOLX	C	0.11%	0.23%	0.11%
INTU	A	1.33%	0.85%	0.85%
IR	C	0.31%	0.14%	0.14%
JBL	F	0.12%	0.03%	0.03%
K	D	0.16%	0.02%	0.02%
KKR	C	0.27%	0.89%	0.27%
LNG	B	0.34%	0.02%	0.02%
LULU	F	0.29%	0.01%	0.01%
MA	C	1.41%	1.61%	1.41%
MET	D	0.37%	0.33%	0.33%
META	A	0.84%	2.32%	0.84%
MOH	F	0.15%	0.03%	0.03%
MPC	D	0.55%	0.27%	0.27%
MSFT	A	1.29%	5.72%	1.29%
NOW	A	1.33%	0.24%	0.24%
NRG	D	0.14%	0.23%	0.14%
NUE	F	0.32%	0.01%	0.01%
NVDA	B	1.1%	5.76%	1.1%
ORCL	A	0.98%	0.27%	0.27%
PCAR	D	0.27%	0.79%	0.27%
PG	C	0.2%	0.8%	0.2%
PSX	D	0.51%	0.08%	0.08%
PYPL	D	0.51%	0.14%	0.14%
QCOM	B	1.23%	0.38%	0.38%
RCL	B	0.31%	0.05%	0.05%
REGN	B	0.97%	0.38%	0.38%
SPG	C	0.4%	0.25%	0.25%
STLD	D	0.16%	0.03%	0.03%
SYY	D	0.3%	0.16%	0.16%
T	B	1.17%	0.13%	0.13%
TGT	D	0.17%	0.25%	0.17%
TJX	A	1.11%	0.1%	0.1%
TXT	D	0.14%	0.03%	0.03%
UBER	B	1.06%	0.38%	0.38%
V	C	1.09%	0.09%	0.09%
VEEV	D	0.24%	0.25%	0.24%
VRTX	B	1.1%	0.17%	0.17%
VZ	B	1.29%	0.37%	0.37%
WMT	A	1.22%	0.55%	0.55%
WSM	D	0.14%	0.24%	0.14%
WST	F	0.11%	0.06%	0.06%
ZM	F	0.11%	0.07%	0.07%

FLSP Overweight 87 Positions Relative to LCTU

Symbol	Grade	Weight
NVS	A	1.03%
GILD	C	0.72%
EOG	D	0.62%
NXPI	B	0.57%
SNPS	B	0.43%
VLO	D	0.43%
AFL	B	0.41%
KMB	B	0.4%
BK	B	0.38%
TEL	B	0.38%
AMP	B	0.36%
TDG	D	0.35%
PH	D	0.35%
IDXX	D	0.35%
CTAS	A	0.35%
APH	B	0.34%
BCS	A	0.33%
MELI	B	0.32%
IQV	D	0.32%
EA	B	0.29%
KR	C	0.28%
CTSH	C	0.28%
NTAP	A	0.27%
LIN	C	0.26%
VICI	D	0.24%
VST	C	0.24%
AVB	B	0.24%
ANSS	C	0.23%
AWK	B	0.21%
STLA	F	0.21%
TROW	C	0.21%
BR	B	0.2%
CAH	D	0.2%
PHM	D	0.2%
LYB	D	0.2%
PTC	B	0.18%
STT	C	0.18%
FCNCA	C	0.17%
CSL	C	0.17%
TYL	A	0.17%
MNST	D	0.16%
CPAY	D	0.16%
LDOS	B	0.16%
CBOE	D	0.15%
BLDR	F	0.15%
LII	B	0.15%
DPZ	D	0.15%
GDDY	A	0.15%
RS	D	0.14%
MRO	B	0.14%
APP	B	0.14%
OC	D	0.13%
MAS	D	0.13%
HIG	C	0.13%
MANH	B	0.13%
UTHR	B	0.13%
PKG	C	0.13%
CF	F	0.12%
L	D	0.12%
AVTR	D	0.12%
LYV	C	0.12%
NBIX	C	0.11%
VTRS	D	0.11%
FE	C	0.11%
EQH	B	0.11%
SNA	F	0.11%
SSNC	B	0.11%
CRL	F	0.1%
INCY	D	0.1%
GLPI	B	0.1%
MOS	F	0.1%
RPRX	F	0.1%
DT	F	0.1%
TAP	F	0.09%
DINO	D	0.09%
FICO	A	0.08%
AIZ	D	0.08%
HII	D	0.08%
FFIV	C	0.08%
FOXA	B	0.08%
ACI	F	0.07%
MTCH	F	0.07%
MCK	B	0.06%
SEIC	D	0.06%
CRBG	C	0.06%
CLF	D	0.06%
CHKP	A	0.06%

FLSP Underweight 238 Positions Relative to LCTU

Symbol	Grade	Weight
AAPL	A	-6.85%
AMZN	A	-3.55%
GOOGL	A	-2.35%
LLY	A	-1.8%
JNJ	F	-1.56%
JPM	B	-1.3%
KO	A	-1.21%
ABT	D	-1.19%
AVGO	B	-1.17%
TSLA	B	-1.14%
COST	A	-1.11%
ECL	B	-1.06%
SPGI	B	-1.0%
GS	A	-0.91%
AON	C	-0.89%
COF	D	-0.79%
XOM	D	-0.74%
COP	D	-0.73%
TT	B	-0.71%
LRCX	B	-0.66%
NFLX	A	-0.66%
MRK	C	-0.65%
CSCO	D	-0.64%
AMD	B	-0.64%
SRE	B	-0.62%
ADI	B	-0.59%
FITB	D	-0.58%
YUM	D	-0.57%
BKR	C	-0.53%
CMI	D	-0.53%
XYL	D	-0.5%
J	D	-0.5%
PLD	C	-0.49%
PPG	D	-0.47%
ETN	C	-0.47%
CAT	D	-0.44%
GE	D	-0.44%
HWM	C	-0.42%
CVX	D	-0.41%
TXN	B	-0.41%
MDLZ	D	-0.4%
C	B	-0.39%
AMGN	B	-0.37%
MKC	C	-0.35%
NKE	F	-0.34%
MCD	F	-0.32%
UNH	D	-0.32%
NDAQ	C	-0.32%
PANW	B	-0.3%
PEP	D	-0.3%
LPLA	B	-0.3%
CVS	D	-0.29%
ACGL	C	-0.29%
HUBB	C	-0.28%
OLED	A	-0.28%
INTC	C	-0.27%
ED	D	-0.27%
ES	C	-0.26%
FANG	B	-0.26%
WY	F	-0.25%
DIS	D	-0.25%
JBHT	F	-0.24%
WHR	C	-0.24%
BIIB	C	-0.24%
FCX	C	-0.24%
MDT	D	-0.24%
ADP	D	-0.24%
PEG	B	-0.23%
RTX	D	-0.23%
AMT	B	-0.23%
CHD	C	-0.23%
ISRG	A	-0.23%
VRSK	A	-0.23%
MTB	C	-0.22%
IBM	B	-0.21%
KEY	C	-0.21%
FTNT	C	-0.21%
ILMN	D	-0.2%
ETSY	F	-0.2%
CRWD	B	-0.2%
ITW	D	-0.2%
KDP	D	-0.19%
PRU	B	-0.19%
SBUX	F	-0.18%
SCHW	D	-0.17%
JCI	D	-0.17%
ICE	A	-0.16%
FMC	F	-0.16%
EXC	D	-0.15%
MMC	B	-0.15%
CFG	B	-0.15%
OKTA	C	-0.15%
SPOT	B	-0.15%
EW	B	-0.15%
NEE	D	-0.15%
ESI	B	-0.15%
MTD	D	-0.15%
BSX	B	-0.14%
MAN	D	-0.14%
SQ	C	-0.14%
EL	F	-0.14%
TTWO	C	-0.13%
KRC	F	-0.13%
RGA	C	-0.13%
MMM	B	-0.13%
WDAY	D	-0.13%
EIX	C	-0.13%
HXL	D	-0.13%
FNB	C	-0.13%
MGM	B	-0.13%
APD	D	-0.13%
IPG	F	-0.13%
HUM	C	-0.12%
HPE	C	-0.12%
GEV	B	-0.12%
OKE	B	-0.12%
KEX	B	-0.12%
FRT	C	-0.12%
VLTO	D	-0.12%
MSI	B	-0.11%
REG	B	-0.11%
UPS	D	-0.11%
AGR	C	-0.11%
CHRW	C	-0.11%
VTR	A	-0.11%
MSCI	C	-0.11%
BXP	C	-0.1%
XRAY	F	-0.1%
PLTR	A	-0.09%
CEG	B	-0.08%
TEAM	C	-0.08%
KMI	B	-0.08%
AR	D	-0.08%
RPM	D	-0.08%
FCN	D	-0.08%
SHW	D	-0.08%
TMUS	B	-0.08%
RJF	D	-0.08%
MRNA	D	-0.07%
CZR	C	-0.07%
DXCM	D	-0.07%
REXR	C	-0.07%
ALNY	A	-0.07%
HPQ	C	-0.07%
GLOB	C	-0.07%
AVY	D	-0.06%
NU	B	-0.06%
RGLD	B	-0.06%
HUBS	C	-0.06%
WTRG	C	-0.06%
SYK	B	-0.06%
WDC	B	-0.06%
DVA	C	-0.06%
RL	C	-0.06%
ALL	D	-0.06%
CINF	C	-0.06%
PFE	C	-0.05%
FSLR	C	-0.05%
MTZ	C	-0.05%
RIVN	C	-0.05%
MRVL	C	-0.05%
CMG	D	-0.05%
PVH	F	-0.05%
PODD	C	-0.05%
TRGP	A	-0.05%
MSM	F	-0.05%
PFG	D	-0.05%
LOPE	C	-0.05%
CCK	F	-0.05%
WAT	D	-0.05%
SOFI	F	-0.04%
ZS	B	-0.04%
O	C	-0.04%
BAX	C	-0.04%
AFG	D	-0.04%
FTI	B	-0.04%
BDX	F	-0.04%
QRVO	B	-0.04%
CBRE	C	-0.04%
HAS	D	-0.04%
OZK	D	-0.03%
RMD	C	-0.03%
WH	C	-0.03%
RUN	F	-0.03%
TRMB	C	-0.03%
CPNG	C	-0.03%
GWRE	A	-0.03%
COIN	C	-0.03%
S	C	-0.03%
CTLT	B	-0.03%
GXO	F	-0.02%
HST	D	-0.02%
SOLV	F	-0.02%
VNO	C	-0.02%
DASH	C	-0.02%
NOV	D	-0.02%
XP	F	-0.02%
CUZ	D	-0.02%
GFS	C	-0.02%
VRT	C	-0.02%
ENPH	F	-0.02%
JLL	B	-0.02%
VFC	D	-0.02%
GPS	C	-0.02%
VVV	B	-0.02%
ANET	A	-0.02%
DLR	B	-0.01%
XPO	C	-0.01%
FAF	D	-0.01%
NET	B	-0.01%
BBWI	F	-0.01%
LCID	D	-0.01%
ALB	F	-0.01%
ARE	C	-0.01%
LAD	F	-0.01%
AGO	D	-0.01%
SWK	D	-0.01%
OMC	D	-0.01%
AGNC	A	-0.0%
INGR	D	-0.0%
PNFP	D	-0.0%
FYBR	B	-0.0%
TWLO	D	-0.0%
AM	B	-0.0%
DXC	C	-0.0%
MKTX	C	-0.0%
IEX	D	-0.0%
PGR	B	-0.0%
TTEK	D	-0.0%
PARA	C	-0.0%
PII	F	-0.0%
YETI	F	-0.0%
BX	C	-0.0%
G	D	-0.0%
TFC	B	-0.0%
SNOW	D	-0.0%
PLNT	B	-0.0%
NYT	A	-0.0%