FLUD vs. CFCV ETF Comparison

Comparison of Franklin Liberty Ultra Short Bond ETF (FLUD) to ClearBridge Focus Value ETF (CFCV)

FLUD

Franklin Liberty Ultra Short Bond ETF

FLUD Description

The investment seeks a high level of current income as is consistent with prudent investing, while seeking preservation of capital. Under normal market conditions, the fund invests at least 80% of its net assets in bonds and investments that provide exposure to bonds. It targets an estimated average portfolio duration of one (1) year or less. The fund invests predominantly in U.S. dollar denominated, investment grade debt securities and investments. It may invest in U.S. dollar denominated foreign securities, including emerging market securities.

Grade (RS Rating)

Last Trade

$24.80

Average Daily Volume

2,675

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CFCV

ClearBridge Focus Value ETF

CFCV Description

The investment seeks long-term capital appreciation. Under normal circumstances, the fund will invest at least 80% of its net assets in equity securities, or other exchange-traded investments with similar economic characteristics in which it is permitted to invest, of companies with large market capitalizations. It will only invest in instruments that trade on a U.S. exchange contemporaneously with the fund's shares and, for temporary or defensive purposes, in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$38.08

Average Daily Volume

1,658

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLUD	CFCV
30 Days	0.41%	2.62%
60 Days	0.91%	2.08%
90 Days	1.27%	2.19%
12 Months	3.77%	23.59%

2 Overlapping Holdings

	Symbol	Grade	Weight in FLUD	Weight in CFCV	Overlap
	MCHP	F	3.98%	3.88%	3.88%
	TMO	D	2.69%	3.84%	2.69%

FLUD Overweight 18 Positions Relative to CFCV

Symbol	Grade	Weight
DD	D	4.1%
GE	D	4.08%
AZN	F	4.07%
EBAY	D	4.06%
C	A	4.06%
GJS	A	4.04%
CAF	A	4.02%
BIIB	F	2.75%
BA	F	2.69%
HRL	F	2.67%
KMI	B	1.45%
COF	A	1.38%
ET	A	1.38%
BAC	B	1.35%
ABBV	A	1.35%
CM	A	1.35%
BMO	B	1.35%
RPRX	D	1.34%

FLUD Underweight 8 Positions Relative to CFCV

Symbol	Grade	Weight
SRE	C	-5.07%
JPM	A	-4.63%
WEC	B	-4.47%
MCK	C	-4.39%
SHW	D	-4.29%
JNJ	D	-4.28%
AXP	A	-3.3%
CMCSA	A	-3.26%