AFLG vs. FLSP ETF Comparison

Comparison of Active Factor Large Cap ETF (AFLG) to Franklin Liberty Systematic Style Premia ETF (FLSP)

AFLG

Active Factor Large Cap ETF

AFLG Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by large capitalization companies. The manager defines large capitalization companies as those that, at the time of investment, have a minimum market capitalization equal to or greater than the minimum market capitalization of a widely recognized index of large capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$35.73

Average Daily Volume

35,934

Number of Holdings ^*

248

* 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	AFLG	FLSP
30 Days	4.50%	0.69%
60 Days	5.60%	0.06%
90 Days	7.89%	0.73%
12 Months	37.65%	6.54%

112 Overlapping Holdings

Symbol	Grade	Weight in AFLG	Weight in FLSP	Overlap
ABBV	D	0.82%	0.59%	0.59%
ADBE	C	0.31%	0.91%	0.31%
ADM	D	0.06%	0.16%	0.06%
AFL	B	0.75%	0.33%	0.33%
AIG	B	0.28%	0.21%	0.21%
AIZ	A	0.16%	0.06%	0.06%
AMAT	F	0.34%	0.66%	0.34%
AMP	A	0.16%	0.22%	0.16%
APH	A	0.58%	0.18%	0.18%
APP	B	1.29%	0.31%	0.31%
AVB	B	0.05%	0.13%	0.05%
BBY	D	0.47%	0.11%	0.11%
BG	F	0.07%	0.07%	0.07%
BK	A	0.73%	0.31%	0.31%
BKNG	A	0.28%	0.87%	0.28%
BLDR	D	0.33%	0.1%	0.1%
BMY	B	0.58%	0.59%	0.58%
CAH	B	0.11%	0.12%	0.11%
CBOE	B	0.38%	0.12%	0.12%
CDNS	B	0.05%	0.32%	0.05%
CF	B	0.42%	0.1%	0.1%
CI	F	0.15%	0.22%	0.15%
CL	D	0.58%	0.36%	0.36%
CMCSA	B	0.55%	0.42%	0.42%
CMI	A	0.51%	0.25%	0.25%
CNC	D	0.19%	0.13%	0.13%
COR	B	0.57%	0.04%	0.04%
CRBG	B	0.09%	0.05%	0.05%
CRM	B	0.59%	0.7%	0.59%
CSL	C	0.39%	0.11%	0.11%
CTAS	B	0.7%	0.35%	0.35%
CTSH	B	0.45%	0.21%	0.21%
DECK	A	0.28%	0.16%	0.16%
DKS	C	0.04%	0.07%	0.04%
DPZ	C	0.05%	0.08%	0.05%
DVN	F	0.29%	0.13%	0.13%
EA	A	0.32%	0.23%	0.23%
EBAY	D	0.1%	0.18%	0.1%
EQH	B	0.0%	0.09%	0.0%
EXPE	B	0.21%	0.14%	0.14%
FDX	B	0.24%	0.27%	0.24%
FE	C	0.52%	0.1%	0.1%
FFIV	B	0.6%	0.08%	0.08%
FICO	B	0.8%	0.34%	0.34%
FIS	C	0.36%	0.26%	0.26%
FOXA	B	0.55%	0.07%	0.07%
GDDY	A	0.55%	0.15%	0.15%
GEN	B	0.1%	0.1%	0.1%
GILD	C	0.57%	0.61%	0.57%
GLPI	C	0.42%	0.07%	0.07%
HIG	B	1.11%	0.19%	0.19%
HOLX	D	0.04%	0.11%	0.04%
HPQ	B	0.49%	0.2%	0.2%
INCY	C	0.22%	0.07%	0.07%
JBL	B	0.18%	0.1%	0.1%
KMB	D	0.05%	0.23%	0.05%
KR	B	0.47%	0.24%	0.24%
L	A	0.18%	0.09%	0.09%
LDOS	C	0.13%	0.13%	0.13%
LII	A	0.25%	0.11%	0.11%
LYB	F	0.07%	0.11%	0.07%
MA	C	0.21%	0.77%	0.21%
MANH	D	0.25%	0.09%	0.09%
MAS	D	0.5%	0.1%	0.1%
MET	A	0.04%	0.21%	0.04%
META	D	1.8%	0.45%	0.45%
MMM	D	0.55%	0.41%	0.41%
MOH	F	0.08%	0.1%	0.08%
MOS	F	0.03%	0.05%	0.03%
MPC	D	0.13%	0.27%	0.13%
MSFT	F	4.6%	0.57%	0.57%
MSI	B	0.39%	0.48%	0.39%
MTCH	D	0.25%	0.06%	0.06%
NFLX	A	0.91%	0.45%	0.45%
NRG	B	0.81%	0.12%	0.12%
NTAP	C	0.63%	0.16%	0.16%
NUE	C	0.37%	0.14%	0.14%
NVDA	C	5.45%	0.62%	0.62%
OC	A	0.36%	0.09%	0.09%
PCAR	B	0.39%	0.14%	0.14%
PG	A	0.84%	0.13%	0.13%
PH	A	0.23%	0.23%	0.23%
PHM	D	0.52%	0.11%	0.11%
PKG	A	0.36%	0.11%	0.11%
PSX	C	0.09%	0.23%	0.09%
QCOM	F	0.88%	0.83%	0.83%
ROL	B	0.06%	0.09%	0.06%
RPM	A	0.11%	0.05%	0.05%
RS	B	0.66%	0.1%	0.1%
SNA	A	0.63%	0.1%	0.1%
SNPS	B	0.06%	0.2%	0.06%
SPG	B	0.58%	0.35%	0.35%
SSNC	B	0.09%	0.09%	0.09%
STLD	B	0.47%	0.11%	0.11%
STT	A	0.05%	0.17%	0.05%
SWKS	F	0.2%	0.08%	0.08%
T	A	0.18%	0.63%	0.18%
TJX	A	0.38%	0.75%	0.38%
TROW	B	0.2%	0.16%	0.16%
TXT	D	0.07%	0.09%	0.07%
UDR	B	0.05%	0.09%	0.05%
UHS	D	0.89%	0.07%	0.07%
UTHR	C	0.04%	0.1%	0.04%
VICI	C	0.44%	0.19%	0.19%
VLO	C	0.31%	0.25%	0.25%
VRSN	F	0.21%	0.1%	0.1%
VST	B	1.26%	0.29%	0.29%
VTR	C	0.21%	0.12%	0.12%
VTRS	A	0.1%	0.09%	0.09%
WMT	A	0.61%	0.75%	0.61%
WSM	B	0.41%	0.11%	0.11%
ZM	B	0.23%	0.1%	0.1%

AFLG Overweight 136 Positions Relative to FLSP

Symbol	Grade	Weight
AAPL	C	7.06%
GOOGL	C	2.04%
AMZN	C	1.78%
BRK.A	B	1.57%
AVGO	D	1.27%
MO	A	0.99%
COST	B	0.9%
RL	B	0.79%
XOM	B	0.74%
PGR	A	0.73%
JNJ	D	0.7%
EME	C	0.68%
BSX	B	0.68%
ELV	F	0.67%
CEG	D	0.62%
MRK	F	0.62%
PEG	A	0.57%
CAT	B	0.56%
ETN	A	0.55%
MCK	B	0.53%
ECL	D	0.52%
VZ	C	0.49%
TT	A	0.49%
MAA	B	0.47%
NVR	D	0.47%
TPR	B	0.47%
HWM	A	0.46%
CVX	A	0.45%
IBM	C	0.44%
CSCO	B	0.44%
CNA	B	0.42%
LLY	F	0.42%
GRMN	B	0.41%
AXP	A	0.41%
ICE	C	0.4%
HSIC	B	0.39%
IBKR	A	0.39%
WAB	B	0.38%
AOS	F	0.38%
HST	C	0.37%
HLT	A	0.36%
TRGP	B	0.36%
RHI	B	0.36%
TMUS	B	0.35%
PM	B	0.35%
LMT	D	0.34%
IP	B	0.34%
KO	D	0.33%
WELL	A	0.32%
CMG	B	0.32%
DHI	D	0.32%
LEN	D	0.32%
LOW	D	0.31%
V	A	0.3%
BRO	B	0.3%
EVRG	A	0.29%
RF	A	0.29%
WU	D	0.29%
SYF	B	0.29%
VSCO	B	0.28%
CFG	B	0.27%
UNH	C	0.27%
OGN	D	0.27%
SOLV	C	0.25%
ED	D	0.25%
ERIE	D	0.24%
EIX	B	0.23%
CME	A	0.23%
KEYS	A	0.22%
ACN	C	0.22%
ALNY	D	0.21%
WPC	D	0.21%
NWSA	B	0.2%
GWW	B	0.2%
PPG	F	0.19%
SHW	A	0.19%
CVS	D	0.18%
HUM	C	0.17%
BAH	F	0.17%
BEN	C	0.17%
AZO	C	0.17%
ACGL	D	0.17%
TOL	B	0.16%
GL	B	0.16%
LKQ	D	0.16%
VRT	B	0.16%
EG	C	0.15%
CPT	B	0.15%
GE	D	0.15%
SYK	C	0.15%
ULTA	F	0.14%
DELL	C	0.14%
BBWI	D	0.13%
ANET	C	0.13%
SO	D	0.13%
IT	C	0.12%
FI	A	0.12%
SCCO	F	0.11%
RMD	C	0.1%
EQR	B	0.1%
KHC	F	0.1%
KLAC	D	0.1%
ETSY	D	0.09%
PRU	A	0.09%
BLK	C	0.09%
LH	C	0.09%
ALL	A	0.08%
TPL	A	0.08%
J	F	0.08%
DXC	B	0.08%
SPGI	C	0.08%
IPG	D	0.07%
CVNA	B	0.07%
DINO	D	0.06%
DASH	A	0.06%
WSO	A	0.06%
ZION	B	0.06%
ORLY	B	0.06%
PPL	B	0.05%
NXPI	D	0.05%
ESS	B	0.05%
WTW	B	0.05%
QRVO	F	0.05%
MCO	B	0.05%
EPAM	C	0.05%
PSA	D	0.05%
PINS	D	0.04%
AMCR	D	0.04%
PFG	D	0.04%
ROST	C	0.04%
IVZ	B	0.04%
CDW	F	0.03%
WBA	F	0.03%
BWA	D	0.03%
ALLE	D	0.01%
TDG	D	0.0%

AFLG Underweight 71 Positions Relative to FLSP

Symbol	Grade	Weight
NOW	A	-0.75%
INTU	C	-0.68%
MDT	D	-0.6%
UBER	D	-0.49%
VRTX	F	-0.49%
NVS	D	-0.48%
PYPL	B	-0.45%
EOG	A	-0.44%
ADSK	A	-0.36%
HCA	F	-0.36%
GM	B	-0.36%
RTX	C	-0.34%
TMO	F	-0.34%
REGN	F	-0.33%
FTNT	C	-0.32%
CSX	B	-0.31%
LNG	B	-0.29%
HD	A	-0.28%
A	D	-0.23%
BCS	C	-0.23%
CPRT	A	-0.22%
RCL	A	-0.21%
TGT	F	-0.19%
SE	B	-0.18%
IQV	D	-0.17%
LULU	C	-0.16%
IR	B	-0.16%
MELI	D	-0.16%
MS	A	-0.15%
SYY	B	-0.15%
MTD	D	-0.15%
ANSS	B	-0.14%
WAT	B	-0.14%
IDXX	F	-0.14%
AWK	D	-0.13%
LIN	D	-0.13%
TYL	B	-0.13%
K	A	-0.12%
CPAY	A	-0.12%
NTRS	A	-0.12%
LYV	A	-0.12%
BR	A	-0.12%
VEEV	C	-0.12%
STX	D	-0.11%
GOOG	C	-0.11%
LVS	C	-0.11%
MRO	B	-0.1%
EL	F	-0.1%
PTC	A	-0.1%
DOCU	A	-0.1%
TWLO	A	-0.09%
EXPD	D	-0.09%
AVTR	F	-0.08%
DT	C	-0.08%
OVV	B	-0.08%
CHRW	C	-0.08%
REG	B	-0.08%
NBIX	C	-0.08%
PAYC	B	-0.07%
TAP	C	-0.07%
ACI	C	-0.06%
MKTX	D	-0.06%
CHKP	D	-0.06%
TER	D	-0.06%
SEIC	B	-0.06%
RPRX	D	-0.06%
AER	B	-0.05%
WYNN	D	-0.05%
MGM	D	-0.05%
ON	D	-0.04%
HII	D	-0.04%