UDIV vs. PHEQ ETF Comparison

Comparison of Franklin U.S. Core Dividend Tilt Index ETF (UDIV) to Parametric Hedged Equity ETF (PHEQ)

UDIV

Franklin U.S. Core Dividend Tilt Index ETF

UDIV Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ Global Dividend Index. The fund invests at least 80% of its assets in the component securities of the index and in depositary receipts representing such securities. The index includes stocks from developed and emerging market countries with high and persistent dividend income that have favorable exposure to a quality investment style factor.

Grade (RS Rating)

Last Trade

$46.42

Average Daily Volume

4,741

Number of Holdings ^*

277

* may have additional holdings in another (foreign) market

PHEQ

Parametric Hedged Equity ETF

PHEQ Description

The fund seeks to provide capital appreciation by investing its net assets in equity securities of certain U.S. large capitalization companies that are constituents of the Solactive GBS US 500 at the time of purchase.

Grade (RS Rating)

Last Trade

$29.49

Average Daily Volume

19,326

Number of Holdings ^*

203

* may have additional holdings in another (foreign) market

Performance

Period	UDIV	PHEQ
30 Days	2.89%	1.99%
60 Days	4.78%	3.02%
90 Days	6.71%	3.86%
12 Months	35.02%	16.61%

112 Overlapping Holdings

Symbol	Grade	Weight in UDIV	Weight in PHEQ	Overlap
AAPL	C	6.17%	6.85%	6.17%
ABBV	D	0.97%	0.85%	0.85%
ABT	B	0.48%	0.6%	0.48%
ADBE	C	0.35%	0.48%	0.35%
AEE	A	0.03%	0.3%	0.03%
AGR	B	0.02%	0.07%	0.02%
AMCR	D	0.09%	0.21%	0.09%
AMD	F	0.43%	0.51%	0.43%
AMGN	D	0.62%	0.45%	0.45%
AMZN	C	3.48%	4.1%	3.48%
APO	B	0.4%	0.3%	0.3%
ARE	D	0.1%	0.21%	0.1%
ARES	A	0.18%	0.25%	0.18%
AVB	B	0.18%	0.35%	0.18%
AVGO	D	1.72%	1.71%	1.71%
BAC	A	0.65%	0.98%	0.65%
BMY	B	0.69%	0.48%	0.48%
BSY	D	0.01%	0.04%	0.01%
CAG	D	0.07%	0.17%	0.07%
CAT	B	0.1%	0.55%	0.1%
CFG	B	0.13%	0.26%	0.13%
CMS	C	0.11%	0.31%	0.11%
COIN	C	0.13%	0.12%	0.12%
COST	B	0.26%	1.07%	0.26%
CPB	D	0.05%	0.18%	0.05%
CRM	B	0.51%	0.63%	0.51%
CRWD	B	0.3%	0.17%	0.17%
CSCO	B	0.86%	0.79%	0.79%
CVX	A	1.12%	0.84%	0.84%
DASH	A	0.11%	0.13%	0.11%
DDOG	A	0.09%	0.13%	0.09%
DELL	C	0.1%	0.14%	0.1%
DIS	B	0.13%	0.57%	0.13%
DOC	D	0.09%	0.29%	0.09%
DRI	B	0.12%	0.3%	0.12%
DTE	C	0.14%	0.31%	0.14%
DVN	F	0.16%	0.17%	0.16%
EQR	B	0.14%	0.32%	0.14%
ESS	B	0.11%	0.19%	0.11%
ETR	B	0.18%	0.4%	0.18%
EXR	D	0.2%	0.32%	0.2%
FANG	D	0.21%	0.24%	0.21%
FE	C	0.12%	0.24%	0.12%
GLW	B	0.21%	0.25%	0.21%
GOOG	C	1.73%	1.9%	1.73%
GOOGL	C	1.92%	2.28%	1.92%
HBAN	A	0.16%	0.31%	0.16%
HD	A	1.06%	1.15%	1.06%
HUBB	B	0.06%	0.13%	0.06%
HUBS	A	0.06%	0.14%	0.06%
IBM	C	0.81%	0.56%	0.56%
IFF	D	0.13%	0.16%	0.13%
ISRG	A	0.14%	0.58%	0.14%
JNJ	D	1.16%	1.04%	1.04%
JPM	A	1.35%	1.73%	1.35%
K	A	0.12%	0.34%	0.12%
KKR	A	0.16%	0.46%	0.16%
KLAC	D	0.3%	0.34%	0.3%
KMB	D	0.26%	0.33%	0.26%
KO	D	0.74%	0.77%	0.74%
LIN	D	0.14%	0.67%	0.14%
LLY	F	1.21%	1.39%	1.21%
LNT	A	0.09%	0.33%	0.09%
LOW	D	0.27%	0.57%	0.27%
LRCX	F	0.34%	0.29%	0.29%
LYB	F	0.13%	0.22%	0.13%
MA	C	0.23%	1.14%	0.23%
MAA	B	0.1%	0.27%	0.1%
MDT	D	0.56%	0.51%	0.51%
MELI	D	0.28%	0.25%	0.25%
META	D	2.13%	2.66%	2.13%
MMM	D	0.36%	0.44%	0.36%
MRK	F	0.71%	0.69%	0.69%
MRVL	B	0.12%	0.25%	0.12%
MS	A	0.94%	0.39%	0.39%
MSFT	F	6.07%	6.55%	6.07%
MU	D	0.2%	0.31%	0.2%
NEM	D	0.01%	0.23%	0.01%
NET	B	0.06%	0.07%	0.06%
NFLX	A	0.64%	0.8%	0.64%
NOW	A	0.47%	0.61%	0.47%
NVDA	C	6.83%	7.12%	6.83%
OKTA	C	0.02%	0.04%	0.02%
ORCL	B	0.5%	0.73%	0.5%
PANW	C	0.27%	0.3%	0.27%
PEP	F	0.57%	0.72%	0.57%
PFG	D	0.12%	0.2%	0.12%
PG	A	0.78%	1.09%	0.78%
PLTR	B	0.31%	0.36%	0.31%
PPL	B	0.14%	0.34%	0.14%
PRU	A	0.28%	0.37%	0.28%
QCOM	F	0.74%	0.33%	0.33%
RPRX	D	0.04%	0.04%	0.04%
SCCO	F	0.06%	0.07%	0.06%
SIRI	C	0.01%	0.03%	0.01%
SNOW	C	0.06%	0.06%	0.06%
SQ	B	0.04%	0.12%	0.04%
SUI	D	0.09%	0.1%	0.09%
T	A	0.79%	0.68%	0.68%
TSLA	B	1.48%	1.91%	1.48%
TTD	B	0.06%	0.18%	0.06%
TXN	C	0.85%	0.59%	0.59%
UBER	D	0.28%	0.29%	0.28%
UNH	C	0.87%	1.37%	0.87%
UNP	C	0.3%	0.52%	0.3%
V	A	0.34%	1.28%	0.34%
VRT	B	0.18%	0.1%	0.1%
WDAY	B	0.06%	0.13%	0.06%
WFC	A	0.42%	0.67%	0.42%
WMT	A	0.03%	0.96%	0.03%
XOM	B	1.35%	1.4%	1.35%
ZS	C	0.11%	0.08%	0.08%

UDIV Overweight 165 Positions Relative to PHEQ

Symbol	Grade	Weight
BLK	C	0.87%
PM	B	0.86%
C	A	0.82%
VZ	C	0.77%
BX	A	0.76%
PFE	D	0.66%
GILD	C	0.63%
UPS	C	0.57%
MO	A	0.56%
SO	D	0.53%
ADI	D	0.52%
PNC	B	0.5%
DUK	C	0.49%
INTU	C	0.47%
USB	A	0.47%
CME	A	0.46%
ACN	C	0.45%
GS	A	0.44%
ITW	B	0.43%
PLD	D	0.43%
WMB	A	0.41%
ETN	A	0.41%
INTC	D	0.41%
CVS	D	0.39%
AMAT	F	0.38%
OKE	A	0.38%
TFC	A	0.38%
CMCSA	B	0.36%
AMT	D	0.35%
NXPI	D	0.35%
SPG	B	0.33%
BK	A	0.33%
KMI	A	0.32%
DLR	B	0.32%
CMI	A	0.3%
SBUX	A	0.3%
AEP	D	0.29%
PSA	D	0.29%
ANET	C	0.28%
TGT	F	0.28%
O	D	0.28%
FAST	B	0.27%
F	C	0.27%
D	C	0.27%
PAYX	C	0.26%
COP	C	0.25%
CCI	D	0.24%
KVUE	A	0.23%
HPQ	B	0.23%
MCD	D	0.23%
JCI	C	0.23%
MSCI	C	0.23%
MTB	A	0.22%
EMR	A	0.22%
EXC	C	0.22%
PSX	C	0.22%
EQIX	A	0.21%
XEL	A	0.21%
ROK	B	0.2%
GIS	D	0.2%
MCHP	D	0.2%
VICI	C	0.19%
DOW	F	0.19%
ED	D	0.19%
EIX	B	0.19%
FITB	A	0.19%
STT	A	0.18%
WEC	A	0.18%
HON	B	0.18%
BKR	B	0.18%
APD	A	0.18%
RTX	C	0.18%
GRMN	B	0.18%
IRM	D	0.17%
SYY	B	0.17%
PEG	A	0.16%
TROW	B	0.16%
KHC	F	0.16%
SW	A	0.16%
RF	A	0.15%
DFS	B	0.14%
VTR	C	0.14%
CDNS	B	0.14%
CINF	A	0.14%
NTAP	C	0.14%
EBAY	D	0.13%
ADP	B	0.13%
NTRS	A	0.13%
NKE	D	0.13%
MPWR	F	0.12%
INVH	D	0.12%
CLX	B	0.12%
CTRA	B	0.12%
CMG	B	0.12%
IP	B	0.12%
WELL	A	0.12%
PKG	A	0.12%
ES	D	0.12%
TSN	B	0.11%
GPC	D	0.11%
SNA	A	0.11%
BBY	D	0.11%
BR	A	0.11%
LUV	C	0.11%
STX	D	0.11%
OMC	C	0.11%
NEE	D	0.11%
KEY	B	0.11%
MET	A	0.11%
WSO	A	0.11%
SNPS	B	0.11%
ALL	A	0.1%
VTRS	A	0.1%
KIM	A	0.1%
HPE	B	0.1%
FNF	B	0.09%
EWBC	A	0.09%
BAX	D	0.09%
EL	F	0.09%
NI	A	0.09%
UDR	B	0.08%
FDX	B	0.08%
SWK	D	0.08%
AXON	A	0.08%
VLO	C	0.08%
LVS	C	0.08%
EVRG	A	0.08%
SWKS	F	0.08%
EOG	A	0.07%
SJM	D	0.07%
WPC	D	0.07%
CG	A	0.07%
NSC	B	0.07%
JNPR	F	0.07%
REG	B	0.07%
EMN	D	0.07%
BXP	D	0.07%
HST	C	0.07%
CPT	B	0.07%
GEN	B	0.07%
ELS	C	0.07%
AES	F	0.06%
APA	D	0.06%
SLB	C	0.06%
IPG	D	0.06%
CNH	C	0.06%
GD	F	0.06%
LKQ	D	0.06%
MDB	C	0.05%
HRL	D	0.05%
APH	A	0.05%
TAP	C	0.05%
BEN	C	0.04%
TSCO	D	0.04%
WBA	F	0.04%
ENTG	D	0.04%
CRBG	B	0.04%
SMCI	F	0.03%
DG	F	0.03%
SYK	C	0.02%
DT	C	0.02%
TT	A	0.02%
FIS	C	0.02%
CAH	B	0.02%
TER	D	0.02%

UDIV Underweight 91 Positions Relative to PHEQ

Symbol	Grade	Weight
BRK.A	B	-1.42%
TMO	F	-0.59%
LMT	D	-0.58%
AXP	A	-0.57%
TMUS	B	-0.51%
TRGP	B	-0.46%
DE	A	-0.44%
WM	A	-0.44%
CTAS	B	-0.42%
TRV	B	-0.39%
DAL	C	-0.39%
BKNG	A	-0.39%
VRTX	F	-0.36%
HWM	A	-0.36%
SCHW	B	-0.35%
RSG	A	-0.34%
DOV	A	-0.33%
YUM	B	-0.33%
OTIS	C	-0.33%
HIG	B	-0.33%
BA	F	-0.32%
ROST	C	-0.32%
LH	C	-0.31%
BRO	B	-0.31%
COR	B	-0.3%
PHM	D	-0.3%
CNP	B	-0.28%
AME	A	-0.28%
PYPL	B	-0.28%
SYF	B	-0.27%
LII	A	-0.25%
MRO	B	-0.24%
L	A	-0.24%
NDAQ	A	-0.24%
URI	B	-0.24%
JBHT	C	-0.24%
RMD	C	-0.24%
MKL	A	-0.23%
ULTA	F	-0.23%
EXPD	D	-0.23%
LNG	B	-0.22%
HEI	B	-0.22%
WRB	A	-0.21%
SSNC	B	-0.21%
REGN	F	-0.21%
LULU	C	-0.21%
MSTR	C	-0.2%
SPOT	B	-0.19%
ZM	B	-0.18%
PPG	F	-0.18%
WBD	C	-0.18%
CSL	C	-0.18%
AKAM	D	-0.16%
HAL	C	-0.16%
ABNB	C	-0.15%
MOH	F	-0.14%
APTV	D	-0.14%
NDSN	B	-0.14%
HEI	B	-0.14%
ZBH	C	-0.14%
ON	D	-0.14%
MGM	D	-0.13%
ALNY	D	-0.13%
FCNCA	A	-0.13%
RBLX	C	-0.12%
BAH	F	-0.12%
TW	A	-0.11%
STLD	B	-0.11%
IBKR	A	-0.11%
VEEV	C	-0.1%
DOX	D	-0.09%
TRU	D	-0.09%
BLDR	D	-0.08%
YUMC	C	-0.07%
DKNG	B	-0.07%
ALGN	D	-0.06%
AVTR	F	-0.06%
TEAM	A	-0.06%
SNAP	C	-0.05%
LPLA	A	-0.05%
CE	F	-0.05%
OWL	A	-0.05%
ILMN	D	-0.05%
WLK	D	-0.04%
CPNG	D	-0.03%
PINS	D	-0.03%
ENPH	F	-0.03%
RKT	F	-0.03%
WSM	B	-0.02%
WMG	C	-0.02%
MRNA	F	-0.01%