FLSP vs. QQA ETF Comparison

Comparison of Franklin Liberty Systematic Style Premia ETF (FLSP) to Invesco QQQ Income Advantage ETF (QQA)

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

QQA

Invesco QQQ Income Advantage ETF

QQA Description

The fund seeks to achieve its investment objective by: (1) investing in a portfolio of U.S. equity securities designed to track the performance, before fees and expenses, of the NASDAQ-100 Index® or U.S.-listed exchange-traded funds (ETFs) that seek to track the performance of the index, or both, and (2) utilizing an options-based income strategy implemented through equity-linked notes (ELNs) with exposure to either the index or ETFs tracking the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.25

Average Daily Volume

11,155

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FLSP	QQA
30 Days	0.69%	4.30%
60 Days	0.06%	5.68%
90 Days	0.73%	6.30%
12 Months	6.54%

31 Overlapping Holdings

Symbol	Grade	Weight in FLSP	Weight in QQA	Overlap
ADBE	C	0.91%	1.11%	0.91%
ADSK	A	0.36%	0.32%	0.32%
AMAT	F	0.66%	0.69%	0.66%
ANSS	B	0.14%	0.14%	0.14%
BKNG	A	0.87%	0.83%	0.83%
CDNS	B	0.32%	0.39%	0.32%
CMCSA	B	0.42%	0.82%	0.42%
CPRT	A	0.22%	0.27%	0.22%
CSX	B	0.31%	0.34%	0.31%
CTAS	B	0.35%	0.43%	0.35%
CTSH	B	0.21%	0.19%	0.19%
EA	A	0.23%	0.21%	0.21%
FTNT	C	0.32%	0.36%	0.32%
GILD	C	0.61%	0.54%	0.54%
GOOG	C	0.11%	1.86%	0.11%
IDXX	F	0.14%	0.17%	0.14%
INTU	C	0.68%	0.95%	0.68%
LIN	D	0.13%	1.06%	0.13%
LULU	C	0.16%	0.19%	0.16%
MELI	D	0.16%	0.47%	0.16%
META	D	0.45%	3.69%	0.45%
MSFT	F	0.57%	5.91%	0.57%
NFLX	A	0.45%	1.75%	0.45%
NVDA	C	0.62%	6.68%	0.62%
ON	D	0.04%	0.14%	0.04%
PCAR	B	0.14%	0.29%	0.14%
PYPL	B	0.45%	0.43%	0.43%
QCOM	F	0.83%	0.88%	0.83%
REGN	F	0.33%	0.4%	0.33%
SNPS	B	0.2%	0.4%	0.2%
VRTX	F	0.49%	0.6%	0.49%

FLSP Overweight 152 Positions Relative to QQA

Symbol	Grade	Weight
MA	C	0.77%
WMT	A	0.75%
NOW	A	0.75%
TJX	A	0.75%
CRM	B	0.7%
T	A	0.63%
MDT	D	0.6%
ABBV	D	0.59%
BMY	B	0.59%
UBER	D	0.49%
NVS	D	0.48%
MSI	B	0.48%
EOG	A	0.44%
MMM	D	0.41%
HCA	F	0.36%
GM	B	0.36%
CL	D	0.36%
SPG	B	0.35%
RTX	C	0.34%
TMO	F	0.34%
FICO	B	0.34%
AFL	B	0.33%
APP	B	0.31%
BK	A	0.31%
VST	B	0.29%
LNG	B	0.29%
HD	A	0.28%
MPC	D	0.27%
FDX	B	0.27%
FIS	C	0.26%
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%
BCS	C	0.23%
CI	F	0.22%
AMP	A	0.22%
RCL	A	0.21%
MET	A	0.21%
AIG	B	0.21%
HPQ	B	0.2%
VICI	C	0.19%
TGT	F	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%
IR	B	0.16%
GDDY	A	0.15%
MS	A	0.15%
SYY	B	0.15%
MTD	D	0.15%
WAT	B	0.14%
EXPE	B	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%
PG	A	0.13%
TYL	B	0.13%
CBOE	B	0.12%
K	A	0.12%
VTR	C	0.12%
CAH	B	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%
HOLX	D	0.11%
LII	A	0.11%
STLD	B	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%
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%
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%
CHRW	C	0.08%
FFIV	B	0.08%
REG	B	0.08%
SWKS	F	0.08%
DPZ	C	0.08%
NBIX	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%
COR	B	0.04%
HII	D	0.04%

FLSP Underweight 70 Positions Relative to QQA

Symbol	Grade	Weight
AAPL	C	-6.56%
AMZN	C	-4.08%
AVGO	D	-3.78%
TSLA	B	-2.98%
COST	B	-1.99%
GOOGL	C	-1.94%
TMUS	B	-1.36%
CSCO	B	-1.15%
PEP	F	-1.08%
AMD	F	-1.08%
ISRG	A	-0.93%
TXN	C	-0.91%
AMGN	D	-0.75%
HON	B	-0.74%
PANW	C	-0.62%
ADP	B	-0.6%
SBUX	A	-0.55%
MU	D	-0.53%
ADI	D	-0.51%
INTC	D	-0.51%
LRCX	F	-0.45%
MDLZ	F	-0.43%
KLAC	D	-0.41%
MAR	B	-0.39%
PDD	F	-0.38%
MRVL	B	-0.38%
CRWD	B	-0.38%
CEG	D	-0.35%
ORLY	B	-0.35%
DASH	A	-0.32%
ASML	F	-0.31%
ABNB	C	-0.29%
ROP	B	-0.29%
CHTR	C	-0.28%
WDAY	B	-0.27%
NXPI	D	-0.27%
FANG	D	-0.26%
TTD	B	-0.26%
AEP	D	-0.25%
MNST	C	-0.25%
PAYX	C	-0.25%
FAST	B	-0.23%
ODFL	B	-0.23%
ROST	C	-0.23%
BKR	B	-0.21%
KDP	D	-0.21%
VRSK	A	-0.2%
KHC	F	-0.19%
XEL	A	-0.19%
DDOG	A	-0.19%
EXC	C	-0.19%
TEAM	A	-0.19%
AZN	D	-0.18%
GEHC	F	-0.18%
CCEP	C	-0.17%
MCHP	D	-0.16%
ZS	C	-0.15%
DXCM	D	-0.15%
TTWO	A	-0.15%
CSGP	D	-0.14%
CDW	F	-0.12%
ILMN	D	-0.11%
WBD	C	-0.11%
GFS	C	-0.11%
BIIB	F	-0.11%
MDB	C	-0.1%
ARM	D	-0.08%
MRNA	F	-0.07%
DLTR	F	-0.07%
SMCI	F	-0.05%