FLCO vs. FLUD ETF Comparison

Comparison of Franklin Liberty Investment Grade Corporate ETF (FLCO) to Franklin Liberty Ultra Short Bond ETF (FLUD)

FLCO

Franklin Liberty Investment Grade Corporate ETF

FLCO Description

The fund seeks to provide a high level of current income as is consistent with prudent investing, while seeking preservation of capital, by investing at least 80% of its net assets in investment grade corporate debt securities and investments. The Fund may invest up to 40% of its net assets in foreign securities, including those in developing markets, and up to 15% of its net assets in non-U.S. dollar denominated securities.

Grade (RS Rating)

Last Trade

$21.40

Average Daily Volume

375,167

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FLUD

Franklin Liberty Ultra Short Bond ETF

FLUD Description

The investment seeks a high level of current income as is consistent with prudent investing, while seeking preservation of capital. Under normal market conditions, the fund invests at least 80% of its net assets in bonds and investments that provide exposure to bonds. It targets an estimated average portfolio duration of one (1) year or less. The fund invests predominantly in U.S. dollar denominated, investment grade debt securities and investments. It may invest in U.S. dollar denominated foreign securities, including emerging market securities.

Grade (RS Rating)

Last Trade

$24.84

Average Daily Volume

2,562

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLCO	FLUD
30 Days	-1.65%	0.37%
60 Days	-1.95%	0.83%
90 Days	0.40%	1.26%
12 Months	10.60%	3.79%

8 Overlapping Holdings

Symbol	Grade	Weight in FLCO	Weight in FLUD	Overlap
ABBV	A	0.92%	1.35%	0.92%
BA	D	1.38%	2.69%	1.38%
BAC	B	2.39%	1.35%	1.35%
C	B	0.75%	4.06%	0.75%
CAF	A	1.87%	4.02%	1.87%
ET	A	0.73%	1.38%	0.73%
GJS	A	1.13%	4.04%	1.13%
RPRX	D	0.4%	1.34%	0.4%

FLCO Overweight 45 Positions Relative to FLUD

Symbol	Grade	Weight
LVS	B	1.81%
VZ	D	1.64%
BABA	B	1.24%
EXC	C	1.11%
TAK	C	1.02%
CI	F	0.96%
PNC	B	0.93%
NOW	A	0.92%
CARR	D	0.9%
HCA	D	0.88%
FDX	D	0.86%
AAPL	C	0.85%
CMCSA	A	0.82%
MHK	D	0.8%
AFL	D	0.79%
TFC	C	0.77%
UNH	D	0.72%
AL	C	0.68%
NOC	D	0.66%
GPJA	D	0.63%
MET	C	0.61%
ACGL	F	0.61%
CF	B	0.6%
KR	B	0.6%
AMZN	A	0.6%
JBL	A	0.58%
JWN	B	0.57%
FLEX	A	0.56%
XOM	A	0.55%
NWG	A	0.54%
DUK	C	0.51%
HII	F	0.49%
AON	A	0.49%
LMT	D	0.48%
DLTR	F	0.46%
CVX	A	0.44%
GPJA	D	0.4%
ALL	D	0.38%
AZO	D	0.37%
MSFT	D	0.35%
PSX	F	0.35%
DHI	D	0.33%
DVN	F	0.31%
WMB	A	0.3%
STZ	F	0.29%

FLCO Underweight 12 Positions Relative to FLUD

Symbol	Grade	Weight
DD	D	-4.1%
GE	D	-4.08%
AZN	F	-4.07%
EBAY	D	-4.06%
MCHP	F	-3.98%
BIIB	F	-2.75%
TMO	F	-2.69%
HRL	F	-2.67%
KMI	B	-1.45%
COF	A	-1.38%
CM	A	-1.35%
BMO	B	-1.35%