FLUD vs. NETZ ETF Comparison

Comparison of Franklin Liberty Ultra Short Bond ETF (FLUD) to Engine No. 1 Transform Climate ETF (NETZ)

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

$24.84

Average Daily Volume

550

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NETZ

Engine No. 1 Transform Climate ETF

NETZ Description

Engine No. 1 Transform Climate ETF is an exchange traded fund launched and managed by Engine No.1 LLC. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund employs fundamental analysis with bottom-up and top-down stock picking approach to create its portfolio. It employs proprietary research to create its portfolio. Engine No. 1 Transform Climate ETF is domiciled in the United States

Grade (RS Rating)

Last Trade

$70.19

Average Daily Volume

16,509

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLUD	NETZ
30 Days	0.06%	1.33%
60 Days	0.60%	7.70%
90 Days	0.77%	16.75%
12 Months	2.32%	43.42%

1 Overlapping Holdings

	Symbol	Grade	Weight in FLUD	Weight in NETZ	Overlap
	GE	A	4.08%	8.16%	4.08%

FLUD Overweight 19 Positions Relative to NETZ

Symbol	Grade	Weight
DD	A	4.1%
AZN	A	4.07%
EBAY	C	4.06%
C	B	4.06%
GJS	B	4.04%
CAF	B	4.02%
MCHP	B	3.98%
BIIB	C	2.75%
TMO	D	2.69%
BA	F	2.69%
HRL	B	2.67%
KMI	A	1.45%
COF	B	1.38%
ET	A	1.38%
BAC	A	1.35%
ABBV	D	1.35%
CM	D	1.35%
BMO	D	1.35%
RPRX	D	1.34%

FLUD Underweight 20 Positions Relative to NETZ

Symbol	Grade	Weight
RSG	B	-8.06%
MSFT	D	-6.36%
XOM	B	-5.77%
VST	B	-5.68%
FANG	B	-5.46%
UNP	D	-5.22%
VRT	B	-5.17%
WM	A	-4.52%
WSC	F	-4.05%
OXY	B	-3.7%
AMAT	C	-3.66%
GEV	B	-3.23%
TT	A	-2.42%
NVT	A	-1.47%
HUBB	D	-1.4%
FSLR	B	-1.36%
ROK	F	-1.33%
CEG	B	-1.02%
DE	B	-0.98%
CAT	D	-0.86%