VUSE vs. FLSP ETF Comparison

Comparison of Vident Core US Equity ETF (VUSE) to Franklin Liberty Systematic Style Premia ETF (FLSP)

VUSE

Vident Core US Equity ETF

VUSE Description

The investment seeks to track the price and total return performance, before fees and expenses, of the Vident Core U.S. Equity Index (the "Strategy Index"). Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the Strategy Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. Strategy Index construction begins by establishing an initial universe of U.S. equity securities of companies with a market capitalization greater than $500 million and meeting certain minimum liquidity requirements.

Grade (RS Rating)

Last Trade

$61.08

Average Daily Volume

12,197

Number of Holdings ^*

126

* 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

$24.11

Average Daily Volume

11,449

Number of Holdings ^*

183

* may have additional holdings in another (foreign) market

Performance

Period	VUSE	FLSP
30 Days	5.99%	0.69%
60 Days	7.30%	0.06%
90 Days	9.69%	0.73%
12 Months	26.60%	6.54%

37 Overlapping Holdings

Symbol	Grade	Weight in VUSE	Weight in FLSP	Overlap
A	D	0.36%	0.23%	0.23%
ABBV	D	1.01%	0.59%	0.59%
ADBE	C	0.83%	0.91%	0.83%
AMAT	F	1.02%	0.66%	0.66%
AMP	A	0.75%	0.22%	0.22%
BKNG	A	1.54%	0.87%	0.87%
CMCSA	B	0.13%	0.42%	0.13%
CSL	C	0.35%	0.11%	0.11%
CTAS	B	0.59%	0.35%	0.35%
DOCU	A	0.29%	0.1%	0.1%
EA	A	0.52%	0.23%	0.23%
EOG	A	0.43%	0.44%	0.43%
EQH	B	0.66%	0.09%	0.09%
FICO	B	0.69%	0.34%	0.34%
FTNT	C	0.81%	0.32%	0.32%
HD	A	2.05%	0.28%	0.28%
MA	C	2.08%	0.77%	0.77%
MANH	D	0.35%	0.09%	0.09%
META	D	0.97%	0.45%	0.45%
MSFT	F	1.8%	0.57%	0.57%
MSI	B	1.33%	0.48%	0.48%
MTD	D	0.39%	0.15%	0.15%
NFLX	A	1.44%	0.45%	0.45%
NOW	A	0.65%	0.75%	0.65%
NRG	B	0.58%	0.12%	0.12%
NVDA	C	1.84%	0.62%	0.62%
ON	D	0.37%	0.04%	0.04%
PG	A	1.2%	0.13%	0.13%
SEIC	B	0.11%	0.06%	0.06%
SNPS	B	1.16%	0.2%	0.2%
SPG	B	0.14%	0.35%	0.14%
T	A	1.1%	0.63%	0.63%
TJX	A	0.93%	0.75%	0.75%
UBER	D	1.11%	0.49%	0.49%
UTHR	C	0.54%	0.1%	0.1%
VST	B	0.5%	0.29%	0.29%
WMT	A	2.06%	0.75%	0.75%

VUSE Overweight 89 Positions Relative to FLSP

Symbol	Grade	Weight
AMZN	C	2.68%
ORCL	B	2.4%
V	A	2.17%
JPM	A	2.09%
CVX	A	2.02%
BAC	A	1.97%
XOM	B	1.89%
AAPL	C	1.87%
JNJ	D	1.76%
AVGO	D	1.72%
KO	D	1.56%
MRK	F	1.49%
CMG	B	1.25%
ECL	D	1.16%
MAR	B	1.12%
RDDT	B	1.04%
ADP	B	1.02%
MO	A	1.0%
SBUX	A	0.98%
GOOGL	C	0.96%
MCD	D	0.94%
SHW	A	0.93%
POWL	C	0.87%
LLY	F	0.81%
IDCC	A	0.8%
COST	B	0.78%
TMUS	B	0.78%
EME	C	0.77%
IESC	B	0.74%
AYI	B	0.74%
PIPR	B	0.73%
SYK	C	0.73%
ITW	B	0.72%
CAT	B	0.72%
CORT	B	0.7%
JXN	C	0.69%
KLAC	D	0.69%
WDAY	B	0.66%
AMR	C	0.64%
CVLT	B	0.64%
ZTS	D	0.64%
EXEL	B	0.63%
PLTR	B	0.6%
EPAC	B	0.6%
NYT	C	0.56%
GWW	B	0.56%
FAST	B	0.56%
BOX	B	0.55%
PLMR	B	0.54%
TDG	D	0.52%
PAYX	C	0.51%
RMD	C	0.5%
NKE	D	0.5%
ERIE	D	0.5%
LSCC	D	0.5%
ODFL	B	0.5%
IT	C	0.5%
CASH	A	0.48%
YELP	C	0.48%
MSCI	C	0.48%
RMBS	C	0.47%
TREX	C	0.47%
DBRG	F	0.46%
QLYS	C	0.46%
JLL	D	0.46%
PLAB	C	0.46%
MTG	C	0.46%
SHO	C	0.45%
DFIN	D	0.42%
BSX	B	0.41%
JKHY	D	0.41%
ANET	C	0.38%
CRUS	D	0.37%
OTTR	C	0.35%
CRWD	B	0.31%
HCC	B	0.27%
PANW	C	0.26%
ACLS	F	0.26%
NSSC	D	0.25%
DBX	B	0.24%
BMI	B	0.23%
VRSK	A	0.22%
TRIP	F	0.21%
PINS	D	0.2%
AOS	F	0.19%
MEDP	D	0.18%
APPF	B	0.15%
ABNB	C	0.14%
PSTG	D	0.13%

VUSE Underweight 146 Positions Relative to FLSP

Symbol	Grade	Weight
QCOM	F	-0.83%
CRM	B	-0.7%
INTU	C	-0.68%
GILD	C	-0.61%
MDT	D	-0.6%
BMY	B	-0.59%
VRTX	F	-0.49%
NVS	D	-0.48%
PYPL	B	-0.45%
MMM	D	-0.41%
ADSK	A	-0.36%
HCA	F	-0.36%
GM	B	-0.36%
CL	D	-0.36%
RTX	C	-0.34%
TMO	F	-0.34%
AFL	B	-0.33%
REGN	F	-0.33%
CDNS	B	-0.32%
APP	B	-0.31%
CSX	B	-0.31%
BK	A	-0.31%
LNG	B	-0.29%
MPC	D	-0.27%
FDX	B	-0.27%
FIS	C	-0.26%
CMI	A	-0.25%
VLO	C	-0.25%
KR	B	-0.24%
KMB	D	-0.23%
PH	A	-0.23%
PSX	C	-0.23%
BCS	C	-0.23%
CI	F	-0.22%
CPRT	A	-0.22%
RCL	A	-0.21%
MET	A	-0.21%
AIG	B	-0.21%
CTSH	B	-0.21%
HPQ	B	-0.2%
VICI	C	-0.19%
TGT	F	-0.19%
HIG	B	-0.19%
EBAY	D	-0.18%
SE	B	-0.18%
APH	A	-0.18%
IQV	D	-0.17%
STT	A	-0.17%
LULU	C	-0.16%
ADM	D	-0.16%
TROW	B	-0.16%
DECK	A	-0.16%
NTAP	C	-0.16%
IR	B	-0.16%
MELI	D	-0.16%
GDDY	A	-0.15%
MS	A	-0.15%
SYY	B	-0.15%
ANSS	B	-0.14%
WAT	B	-0.14%
PCAR	B	-0.14%
EXPE	B	-0.14%
IDXX	F	-0.14%
NUE	C	-0.14%
AWK	D	-0.13%
CNC	D	-0.13%
DVN	F	-0.13%
LDOS	C	-0.13%
AVB	B	-0.13%
LIN	D	-0.13%
TYL	B	-0.13%
CBOE	B	-0.12%
K	A	-0.12%
VTR	C	-0.12%
CAH	B	-0.12%
CPAY	A	-0.12%
NTRS	A	-0.12%
LYV	A	-0.12%
BR	A	-0.12%
VEEV	C	-0.12%
BBY	D	-0.11%
STX	D	-0.11%
PKG	A	-0.11%
HOLX	D	-0.11%
LII	A	-0.11%
STLD	B	-0.11%
GOOG	C	-0.11%
WSM	B	-0.11%
LVS	C	-0.11%
LYB	F	-0.11%
PHM	D	-0.11%
MRO	B	-0.1%
EL	F	-0.1%
JBL	B	-0.1%
MAS	D	-0.1%
MOH	F	-0.1%
RS	B	-0.1%
CF	B	-0.1%
VRSN	F	-0.1%
BLDR	D	-0.1%
PTC	A	-0.1%
SNA	A	-0.1%
FE	C	-0.1%
ZM	B	-0.1%
GEN	B	-0.1%
UDR	B	-0.09%
L	A	-0.09%
TWLO	A	-0.09%
ROL	B	-0.09%
VTRS	A	-0.09%
SSNC	B	-0.09%
TXT	D	-0.09%
OC	A	-0.09%
EXPD	D	-0.09%
AVTR	F	-0.08%
DT	C	-0.08%
OVV	B	-0.08%
CHRW	C	-0.08%
FFIV	B	-0.08%
REG	B	-0.08%
SWKS	F	-0.08%
DPZ	C	-0.08%
NBIX	C	-0.08%
PAYC	B	-0.07%
FOXA	B	-0.07%
TAP	C	-0.07%
DKS	C	-0.07%
INCY	C	-0.07%
BG	F	-0.07%
GLPI	C	-0.07%
UHS	D	-0.07%
ACI	C	-0.06%
MKTX	D	-0.06%
MTCH	D	-0.06%
CHKP	D	-0.06%
TER	D	-0.06%
RPRX	D	-0.06%
AIZ	A	-0.06%
RPM	A	-0.05%
AER	B	-0.05%
WYNN	D	-0.05%
MGM	D	-0.05%
MOS	F	-0.05%
CRBG	B	-0.05%
COR	B	-0.04%
HII	D	-0.04%