SEF vs. FLSP ETF Comparison

Comparison of ProShares Short Financials (SEF) to Franklin Liberty Systematic Style Premia ETF (FLSP)

SEF

ProShares Short Financials

SEF Description

The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Dow Jones U.S. FinancialsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index measures the performance of the financial services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$10.22

Average Daily Volume

35,980

Number of Holdings ^*

* 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

$23.51

Average Daily Volume

12,138

Number of Holdings ^*

149

* may have additional holdings in another (foreign) market

Performance

Period	SEF	FLSP
30 Days	-5.76%	-1.80%
60 Days	-2.47%	-2.04%
90 Days	-5.06%	1.16%
12 Months	-18.75%	9.86%

15 Overlapping Holdings

Symbol	Grade	Weight in SEF	Weight in FLSP	Overlap
AFL	A	0.66%	0.28%	0.28%
AIG	A	0.77%	0.1%	0.1%
AMP	B	0.37%	0.26%	0.26%
AVB	B	0.51%	0.17%	0.17%
BK	A	0.65%	0.27%	0.27%
BRK.A	B	7.56%	0.73%	0.73%
EG	C	0.19%	0.1%	0.1%
EQH	A	0.19%	0.08%	0.08%
HIG	A	0.37%	0.09%	0.09%
L	B	0.23%	0.09%	0.09%
MA	D	4.83%	1.18%	1.18%
SPG	C	0.76%	0.29%	0.29%
STT	B	0.5%	0.14%	0.14%
TROW	D	0.52%	0.15%	0.15%
V	B	5.88%	0.78%	0.78%

SEF Overweight 82 Positions Relative to FLSP

Symbol	Grade	Weight
JPM	A	7.27%
BAC	B	4.46%
WFC	C	3.19%
C	B	2.98%
AMT	C	1.74%
AXP	A	1.49%
GS	A	1.34%
USB	D	1.32%
TFC	B	1.27%
CME	C	1.25%
SPGI	B	1.22%
MS	B	1.19%
CB	A	1.17%
PNC	B	1.13%
BLK	B	1.06%
CCI	D	1.02%
PLD	F	1.0%
MMC	A	0.97%
SCHW	B	0.93%
ICE	B	0.91%
EQIX	D	0.84%
AON	F	0.83%
COF	C	0.81%
PGR	C	0.75%
MCO	A	0.7%
MET	A	0.69%
BX	C	0.67%
PRU	A	0.66%
ALL	C	0.64%
TRV	D	0.61%
WELL	B	0.59%
PSA	C	0.56%
SBAC	F	0.48%
EQR	B	0.48%
DLR	C	0.44%
WTW	D	0.44%
DFS	C	0.44%
O	C	0.42%
MSCI	F	0.4%
CSGP	D	0.4%
WY	F	0.39%
NTRS	C	0.39%
VTR	B	0.37%
SYF	C	0.36%
MTB	B	0.36%
FITB	B	0.35%
BXP	C	0.34%
CBRE	C	0.34%
ESS	B	0.34%
ARE	C	0.32%
KEY	B	0.32%
ACGL	A	0.31%
CFG	A	0.3%
DOC	B	0.3%
AJG	A	0.3%
INVH	B	0.28%
MKL	A	0.28%
RF	B	0.27%
CINF	C	0.27%
HBAN	B	0.26%
MAA	C	0.26%
PFG	B	0.25%
MKTX	D	0.24%
WPC	C	0.24%
SUI	F	0.24%
EXR	C	0.24%
NLY	B	0.23%
UDR	C	0.23%
HST	D	0.22%
ELS	D	0.22%
FNF	B	0.22%
NDAQ	B	0.21%
RJF	B	0.2%
LNC	C	0.2%
MPW	C	0.19%
ALLY	B	0.19%
GL	F	0.18%
FDS	C	0.18%
REG	C	0.18%
VNO	F	0.18%
CPT	B	0.18%
WRB	D	0.17%

SEF Underweight 134 Positions Relative to FLSP

Symbol	Grade	Weight
CRM	D	-1.07%
INTU	B	-1.03%
VZ	C	-1.03%
NOW	C	-0.99%
BKNG	C	-0.92%
ELV	A	-0.9%
QCOM	B	-0.83%
MSFT	B	-0.82%
VRTX	B	-0.77%
REGN	B	-0.75%
NVDA	C	-0.73%
ABBV	D	-0.67%
NVS	B	-0.66%
AMGN	B	-0.62%
ADBE	F	-0.57%
GILD	F	-0.57%
META	D	-0.56%
CMCSA	F	-0.55%
EOG	C	-0.54%
AMAT	B	-0.53%
MPC	D	-0.49%
ACN	F	-0.47%
PSX	D	-0.47%
GM	B	-0.45%
CSX	D	-0.41%
CI	D	-0.39%
FDX	D	-0.37%
TJX	B	-0.37%
HD	D	-0.36%
KMB	C	-0.34%
VLO	D	-0.32%
SNPS	C	-0.29%
STLA	D	-0.29%
CL	B	-0.29%
PH	D	-0.28%
CDNS	D	-0.28%
IR	C	-0.27%
CVS	F	-0.27%
ADSK	F	-0.27%
TEL	B	-0.27%
LNG	D	-0.27%
NUE	D	-0.26%
A	B	-0.26%
TDG	C	-0.26%
CTAS	B	-0.25%
CNC	B	-0.25%
IDXX	C	-0.25%
IQV	D	-0.25%
LULU	F	-0.24%
BCS	A	-0.24%
SYY	D	-0.23%
KR	D	-0.23%
PCAR	D	-0.21%
CTSH	F	-0.21%
VRSK	A	-0.21%
RCL	B	-0.2%
VEEV	D	-0.19%
EA	F	-0.19%
VICI	C	-0.18%
LIN	D	-0.18%
KKR	B	-0.18%
NTAP	B	-0.17%
PHM	B	-0.16%
LYB	D	-0.16%
PG	A	-0.15%
EBAY	C	-0.15%
AWK	C	-0.15%
TGT	D	-0.14%
BR	C	-0.14%
IRM	B	-0.14%
GOOG	A	-0.14%
CAH	F	-0.14%
FCNCA	B	-0.13%
MNST	F	-0.13%
K	C	-0.13%
MOH	F	-0.13%
PTC	C	-0.13%
BLDR	D	-0.13%
LDOS	A	-0.12%
CBOE	C	-0.12%
TYL	B	-0.12%
STLD	D	-0.12%
DPZ	C	-0.11%
JBL	F	-0.1%
PKG	C	-0.1%
LII	B	-0.1%
MAS	D	-0.1%
AVTR	D	-0.1%
TXT	D	-0.1%
RS	D	-0.1%
EXPD	D	-0.1%
ZM	D	-0.09%
EXPE	F	-0.09%
VTRS	D	-0.09%
SNA	D	-0.09%
BBY	D	-0.09%
BG	C	-0.09%
APP	C	-0.09%
WST	F	-0.09%
OC	C	-0.09%
LYV	D	-0.09%
RPRX	F	-0.08%
DT	D	-0.08%
ABNB	D	-0.08%
CRL	D	-0.08%
UTHR	A	-0.08%
NBIX	B	-0.08%
HOLX	D	-0.08%
MANH	D	-0.08%
CF	F	-0.08%
SSNC	B	-0.08%
DOCU	C	-0.07%
DINO	D	-0.07%
GLPI	C	-0.07%
MOS	F	-0.07%
TAP	F	-0.07%
VST	B	-0.06%
HII	D	-0.06%
AIZ	D	-0.06%
FOXA	C	-0.06%
INCY	D	-0.06%
FFIV	D	-0.06%
DECK	C	-0.05%
SEIC	D	-0.05%
FICO	A	-0.05%
MTCH	F	-0.05%
RHI	F	-0.05%
OTEX	F	-0.05%
T	B	-0.05%
PYPL	D	-0.05%
ACI	D	-0.05%
CLF	F	-0.05%
JAZZ	F	-0.04%
CHKP	D	-0.04%