FLCO vs. PGX ETF Comparison

Comparison of Franklin Liberty Investment Grade Corporate ETF (FLCO) to PowerShares Preferred Portfolio (PGX)

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

$21.30

Average Daily Volume

374,936

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PGX

PowerShares Preferred Portfolio

PGX Description

The PowerShares Preferred Portfolio is based on The BofA Merrill Lynch Core Plus Fixed Rate Preferred Securities Index. The Fund will normally invest at least 80% of its total assets in fixed rate US dollar-denominated preferred securities that comprise the Index. The Index tracks the performance of fixed rate US dollar-denominated preferred securities issued in the US domestic market. (Securities must be rated at least B3, based on an average of three leading ratings agencies: Moodyâs, S&P and Fitch) and must have an investment-grade country risk profile (based on an average of Moodyâs, S&P and Fitch foreign currency long-term sovereign debt ratings). The Fund and the Index are rebalanced and reconstituted on a monthly basis.

Grade (RS Rating)

Last Trade

$12.01

Average Daily Volume

3,109,315

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLCO	PGX
30 Days	-1.79%	-3.04%
60 Days	-3.03%	-1.72%
90 Days	-0.41%	2.50%
12 Months	8.99%	14.92%

3 Overlapping Holdings

Symbol	Grade	Weight in FLCO	Weight in PGX	Overlap
BAC	A	2.39%	0.8%	0.8%
GPJA	D	0.63%	0.23%	0.23%
GPJA	D	0.4%	0.23%	0.23%

FLCO Overweight 50 Positions Relative to PGX

Symbol	Grade	Weight
CAF	C	1.87%
LVS	C	1.81%
VZ	D	1.64%
BA	F	1.38%
BABA	D	1.24%
GJS	A	1.13%
EXC	C	1.11%
TAK	D	1.02%
CI	D	0.96%
PNC	B	0.93%
ABBV	F	0.92%
NOW	A	0.92%
CARR	C	0.9%
HCA	D	0.88%
FDX	B	0.86%
AAPL	C	0.85%
CMCSA	B	0.82%
MHK	D	0.8%
AFL	C	0.79%
TFC	B	0.77%
C	B	0.75%
ET	A	0.73%
UNH	B	0.72%
AL	B	0.68%
NOC	D	0.66%
MET	C	0.61%
ACGL	C	0.61%
CF	B	0.6%
KR	A	0.6%
AMZN	A	0.6%
JBL	C	0.58%
JWN	B	0.57%
FLEX	B	0.56%
XOM	B	0.55%
NWG	B	0.54%
DUK	D	0.51%
HII	F	0.49%
AON	B	0.49%
LMT	D	0.48%
DLTR	F	0.46%
CVX	A	0.44%
RPRX	F	0.4%
ALL	B	0.38%
AZO	B	0.37%
MSFT	C	0.35%
PSX	C	0.35%
DHI	D	0.33%
DVN	F	0.31%
WMB	B	0.3%
STZ	D	0.29%

FLCO Underweight 39 Positions Relative to PGX

Symbol	Grade	Weight
T	A	-1.33%
TBB	D	-1.16%
SOJD	D	-0.82%
TBC	D	-0.75%
RZC	A	-0.69%
SREA	D	-0.69%
CMSD	D	-0.57%
PRS	D	-0.51%
DUKB	D	-0.46%
BPYPM	C	-0.43%
CTDD	A	-0.43%
UZE	A	-0.41%
SOJC	D	-0.39%
PFH	D	-0.37%
RZB	C	-0.36%
DTW	D	-0.34%
ESGRP	C	-0.32%
ACGLO	D	-0.28%
MGR	D	-0.27%
UNMA	D	-0.27%
CMSC	C	-0.25%
EAI	D	-0.24%
OZKAP	D	-0.23%
NRUC	D	-0.22%
AIZN	C	-0.21%
EMP	D	-0.21%
ELC	D	-0.21%
ENO	C	-0.2%
CMSA	D	-0.18%
SFB	D	-0.18%
FCNCO	D	-0.17%
AFGC	D	-0.17%
AFGE	D	-0.15%
BPYPN	C	-0.15%
BPYPO	B	-0.15%
AFGD	A	-0.13%
BPYPP	C	-0.12%
AFGB	D	-0.11%
BPOPM	D	-0.03%