IWX vs. FLSP ETF Comparison

Comparison of iShares Russell Top 200 Value ETF (IWX) to Franklin Liberty Systematic Style Premia ETF (FLSP)

IWX

iShares Russell Top 200 Value ETF

IWX Description

The investment seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell Top 200 Value Index (the "underlying index"), which is a style factor weighted index that measures the performance of the largest capitalization value sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$80.98

Average Daily Volume

160,995

Number of Holdings ^*

158

* may have additional holdings in another (foreign) market

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

$23.91

Average Daily Volume

11,800

Number of Holdings ^*

172

* may have additional holdings in another (foreign) market

Performance

Period	IWX	FLSP
30 Days	2.15%	0.93%
60 Days	4.72%	1.31%
90 Days	8.69%	1.04%
12 Months	25.58%	5.75%

40 Overlapping Holdings

Symbol	Grade	Weight in IWX	Weight in FLSP	Overlap
ABBV	B	1.2%	0.64%	0.64%
AIG	D	0.3%	0.22%	0.22%
AMAT	D	0.08%	0.56%	0.08%
APH	C	0.2%	0.18%	0.18%
BKNG	B	0.05%	0.7%	0.05%
CI	C	0.56%	0.27%	0.27%
CL	C	0.23%	0.46%	0.23%
CMCSA	C	0.95%	0.43%	0.43%
CPRT	D	0.02%	0.23%	0.02%
CRM	C	0.24%	0.71%	0.24%
CSX	C	0.42%	0.34%	0.34%
CTAS	C	0.02%	0.36%	0.02%
EL	D	0.08%	0.14%	0.08%
ELV	D	0.65%	0.58%	0.58%
EOG	D	0.45%	0.31%	0.31%
FDX	D	0.36%	0.28%	0.28%
FTNT	B	0.05%	0.25%	0.05%
GILD	B	0.65%	0.46%	0.46%
GM	C	0.34%	0.3%	0.3%
HD	B	0.48%	0.3%	0.3%
KMB	C	0.17%	0.21%	0.17%
LIN	B	1.4%	0.15%	0.15%
MET	B	0.29%	0.23%	0.23%
MMM	B	0.37%	0.04%	0.04%
MPC	F	0.36%	0.3%	0.3%
MSI	B	0.24%	0.41%	0.24%
PCAR	D	0.31%	0.14%	0.14%
PG	C	1.98%	0.12%	0.12%
PH	B	0.49%	0.23%	0.23%
PSX	F	0.34%	0.25%	0.25%
PYPL	B	0.49%	0.4%	0.4%
QCOM	D	0.07%	0.56%	0.07%
REGN	D	0.68%	0.5%	0.5%
T	B	0.96%	0.67%	0.67%
TGT	C	0.44%	0.27%	0.27%
TJX	C	0.34%	0.6%	0.34%
TMO	B	1.45%	0.47%	0.47%
VLO	F	0.27%	0.22%	0.22%
VRTX	D	0.37%	0.53%	0.37%
WMT	B	2.12%	0.75%	0.75%

IWX Overweight 118 Positions Relative to FLSP

Symbol	Grade	Weight
BRK.A	C	5.16%
JPM	D	3.74%
XOM	D	3.2%
UNH	C	3.05%
JNJ	C	2.45%
BAC	D	1.69%
CVX	F	1.55%
ACN	C	1.31%
CSCO	B	1.3%
IBM	B	1.24%
MCD	B	1.24%
ABT	C	1.22%
WFC	D	1.22%
VZ	A	1.16%
PM	C	1.16%
DHR	B	1.09%
DIS	D	1.07%
NEE	B	1.05%
PFE	D	1.03%
TXN	B	1.01%
SPGI	C	1.01%
GE	C	0.99%
RTX	B	0.97%
CAT	B	0.96%
LOW	B	0.92%
BLK	B	0.85%
ETN	C	0.82%
COP	F	0.8%
BSX	B	0.76%
C	C	0.74%
CB	B	0.73%
KO	B	0.73%
PLD	C	0.72%
MDT	B	0.71%
GS	B	0.71%
ADI	C	0.7%
MS	B	0.69%
HON	C	0.69%
DE	A	0.63%
MDLZ	C	0.62%
MU	D	0.62%
BMY	C	0.62%
SO	B	0.61%
TMUS	B	0.6%
MMC	C	0.59%
INTC	D	0.58%
UPS	D	0.58%
AXP	B	0.58%
SYK	C	0.57%
DUK	B	0.56%
ICE	C	0.56%
MO	C	0.54%
SCHW	D	0.54%
AMD	C	0.53%
GD	C	0.52%
LMT	A	0.51%
EQIX	B	0.49%
UNP	D	0.48%
WELL	C	0.47%
CME	B	0.47%
PNC	C	0.46%
BA	F	0.46%
NOC	B	0.45%
CVS	D	0.45%
USB	C	0.44%
FI	B	0.43%
CEG	C	0.42%
BDX	D	0.42%
AON	B	0.42%
GEV	B	0.41%
CARR	B	0.41%
KKR	B	0.4%
APD	B	0.4%
NEM	C	0.39%
CRH	B	0.39%
FCX	C	0.39%
SLB	F	0.38%
TDG	B	0.38%
ROP	C	0.37%
EMR	D	0.37%
TT	B	0.36%
HCA	B	0.36%
COF	B	0.36%
MRVL	D	0.36%
NSC	C	0.35%
MAR	B	0.35%
TFC	D	0.35%
TRV	C	0.34%
SRE	B	0.33%
AEP	C	0.33%
PEP	D	0.31%
JCI	B	0.31%
PSA	C	0.3%
D	C	0.3%
ITW	B	0.29%
RSG	D	0.26%
F	F	0.26%
STZ	C	0.25%
KDP	B	0.25%
NKE	D	0.25%
AMGN	D	0.25%
MCK	F	0.23%
OXY	F	0.21%
EW	F	0.2%
KHC	C	0.19%
DELL	C	0.17%
PGR	C	0.15%
SBUX	C	0.15%
MRNA	F	0.13%
ZTS	B	0.1%
APO	B	0.1%
MNST	D	0.05%
SHW	B	0.05%
ADP	C	0.05%
ECL	B	0.05%
DASH	B	0.04%
AZO	B	0.03%
ORLY	B	0.03%

IWX Underweight 132 Positions Relative to FLSP

Symbol	Grade	Weight
MA	B	-0.84%
INTU	D	-0.76%
NOW	C	-0.74%
MSFT	C	-0.66%
UBER	C	-0.61%
NVS	C	-0.6%
NVDA	C	-0.6%
V	C	-0.59%
META	B	-0.49%
ADBE	F	-0.47%
AFL	A	-0.33%
CDNS	D	-0.31%
ADSK	B	-0.29%
FIS	C	-0.26%
FICO	B	-0.26%
CMI	B	-0.25%
BK	B	-0.24%
A	C	-0.24%
SPG	B	-0.24%
TEL	D	-0.23%
LNG	D	-0.23%
IQV	D	-0.22%
BCS	B	-0.21%
AMP	B	-0.21%
VST	B	-0.21%
KR	B	-0.21%
CTSH	B	-0.2%
SNPS	F	-0.2%
MELI	C	-0.2%
EA	D	-0.2%
EBAY	B	-0.19%
IDXX	D	-0.19%
CNC	D	-0.18%
MTD	C	-0.18%
RCL	B	-0.18%
HPQ	C	-0.18%
IR	B	-0.17%
SE	B	-0.17%
SYY	C	-0.17%
NUE	D	-0.16%
VICI	C	-0.15%
NTAP	D	-0.15%
STT	B	-0.15%
LULU	D	-0.15%
TROW	C	-0.14%
VEEV	C	-0.14%
PHM	B	-0.14%
DVN	F	-0.14%
ANSS	D	-0.14%
AVB	C	-0.14%
VTR	C	-0.13%
BR	C	-0.13%
DECK	C	-0.13%
GDDY	C	-0.13%
HIG	B	-0.13%
APP	C	-0.13%
LDOS	A	-0.12%
CAH	C	-0.12%
TYL	C	-0.12%
FE	B	-0.12%
PKG	B	-0.12%
AWK	C	-0.12%
CSL	B	-0.12%
LYB	D	-0.12%
BLDR	C	-0.12%
WAT	B	-0.12%
K	A	-0.11%
EXPE	C	-0.11%
TXT	D	-0.11%
PTC	C	-0.11%
BBY	A	-0.11%
CPAY	B	-0.11%
STX	B	-0.11%
GOOG	D	-0.11%
MAS	B	-0.1%
MRO	D	-0.1%
OC	C	-0.1%
LII	C	-0.1%
LVS	C	-0.1%
CF	B	-0.1%
MOH	D	-0.1%
ZM	C	-0.1%
CBOE	C	-0.1%
HOLX	D	-0.1%
NRG	B	-0.1%
STLD	C	-0.1%
JBL	C	-0.09%
BG	F	-0.09%
LYV	A	-0.09%
AVTR	C	-0.09%
EQH	C	-0.09%
WSM	C	-0.09%
UTHR	B	-0.09%
MANH	B	-0.09%
EXPD	B	-0.09%
VRSN	C	-0.09%
SNA	B	-0.08%
UDR	C	-0.08%
ROL	C	-0.08%
UHS	C	-0.08%
RS	D	-0.08%
SSNC	C	-0.08%
FFIV	B	-0.07%
GLPI	C	-0.07%
REG	C	-0.07%
NBIX	F	-0.07%
CHRW	B	-0.07%
DT	C	-0.07%
AIZ	B	-0.07%
VTRS	D	-0.07%
TER	C	-0.07%
DPZ	D	-0.07%
L	D	-0.07%
DOCU	C	-0.07%
TAP	D	-0.06%
OVV	F	-0.06%
FOXA	B	-0.06%
CHKP	B	-0.06%
INCY	C	-0.06%
RPRX	C	-0.06%
MTCH	C	-0.06%
TWLO	C	-0.06%
WYNN	C	-0.05%
DKS	D	-0.05%
CRBG	C	-0.05%
SEIC	B	-0.05%
MOS	F	-0.05%
ACI	F	-0.05%
HII	F	-0.05%
ADM	D	-0.04%
DINO	F	-0.04%
AER	C	-0.04%