FLCO vs. SCHD ETF Comparison

Comparison of Franklin Liberty Investment Grade Corporate ETF (FLCO) to Schwab US Dividend Equity ETF (SCHD)

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

$22.13

Average Daily Volume

212,703

Number of Holdings ^*

53

* may have additional holdings in another (foreign) market

SCHD

Schwab US Dividend Equity ETF

SCHD Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Dividend 100 IndexSM. The fund invests at least 90% of its net assets in stocks that are included in the index. The index is designed to measure the performance of high dividend yielding stocks issued by U.S. companies that have a record of consistently paying dividends, selected for fundamental strength relative to their peers, based on financial ratios. The 100-component index is a subset of the Dow Jones U.S. Broad Market Index, excluding REITs, master limited partnerships, preferred stocks and convertibles. It is non-diversified.

Grade (RS Rating)

Last Trade

$84.81

Average Daily Volume

2,801,612

Number of Holdings ^*

99

* may have additional holdings in another (foreign) market

Performance

Period	FLCO	SCHD
30 Days	1.64%	3.15%
60 Days	4.75%	4.56%
90 Days	5.31%	9.71%
12 Months	11.99%	20.40%

5 Overlapping Holdings

	Symbol	Grade	Weight in FLCO	Weight in SCHD	Overlap
	ABBV	C	0.92%	4.43%	0.92%
	CF	C	0.6%	0.59%	0.59%
	CVX	D	0.44%	3.35%	0.44%
	LMT	C	0.48%	4.59%	0.48%
	VZ	B	1.64%	3.99%	1.64%

FLCO Overweight 48 Positions Relative to SCHD

	Symbol	Grade	Weight
	BAC	D	2.39%
	CAF	F	1.87%
	LVS	D	1.81%
	BA	F	1.38%
	BABA	B	1.24%
	GJS	B	1.13%
	EXC	C	1.11%
	TAK	C	1.02%
	CI	C	0.96%
	PNC	B	0.93%
	NOW	B	0.92%
	CARR	B	0.9%
	HCA	B	0.88%
	FDX	C	0.86%
	AAPL	C	0.85%
	CMCSA	D	0.82%
	MHK	C	0.8%
	AFL	C	0.79%
	TFC	C	0.77%
	C	D	0.75%
	ET	B	0.73%
	UNH	C	0.72%
	AL	D	0.68%
	NOC	B	0.66%
	GPJA	B	0.63%
	MET	B	0.61%
	ACGL	C	0.61%
	KR	C	0.6%
	AMZN	C	0.6%
	JBL	D	0.58%
	JWN	C	0.57%
	FLEX	C	0.56%
	XOM	C	0.55%
	NWG	C	0.54%
	DUK	C	0.51%
	HII	D	0.49%
	AON	B	0.49%
	DLTR	F	0.46%
	GPJA	B	0.4%
	RPRX	C	0.4%
	ALL	B	0.38%
	AZO	D	0.37%
	MSFT	C	0.35%
	PSX	F	0.35%
	DHI	B	0.33%
	DVN	F	0.31%
	WMB	B	0.3%
	STZ	D	0.29%

FLCO Underweight 94 Positions Relative to SCHD

	Symbol	Grade	Weight
	HD	B	-4.23%
	BLK	B	-4.19%
	KO	C	-4.19%
	AMGN	B	-4.04%
	CSCO	C	-4.02%
	BMY	C	-3.94%
	TXN	C	-3.89%
	PEP	C	-3.82%
	PFE	C	-3.78%
	MO	C	-3.74%
	UPS	D	-3.52%
	USB	B	-2.78%
	EOG	D	-2.74%
	OKE	B	-2.1%
	KMB	D	-1.92%
	VLO	F	-1.81%
	PAYX	C	-1.7%
	F	F	-1.63%
	FAST	C	-1.58%
	HSY	C	-1.19%
	FITB	B	-1.12%
	MTB	B	-1.1%
	LYB	D	-0.96%
	TROW	D	-0.93%
	CINF	C	-0.84%
	HBAN	B	-0.82%
	RF	B	-0.81%
	BBY	C	-0.75%
	DRI	B	-0.75%
	PKG	B	-0.73%
	CTRA	F	-0.69%
	SWKS	D	-0.65%
	AMCR	B	-0.63%
	FNF	B	-0.6%
	KEY	B	-0.59%
	WSO	C	-0.58%
	SNA	C	-0.58%
	DKS	D	-0.48%
	CHRW	B	-0.47%
	IPG	C	-0.47%
	EWBC	D	-0.44%
	UNM	B	-0.39%
	TPR	C	-0.38%
	HRB	C	-0.35%
	APA	F	-0.34%
	CMA	B	-0.3%
	DINO	F	-0.28%
	ZION	D	-0.27%
	MTN	D	-0.27%
	RHI	D	-0.26%
	SNV	C	-0.25%
	RDN	C	-0.21%
	NXST	D	-0.21%
	COLB	B	-0.2%
	WHR	D	-0.2%
	JHG	B	-0.19%
	OZK	D	-0.17%
	WU	F	-0.16%
	HUN	D	-0.14%
	MSM	D	-0.14%
	IBOC	D	-0.13%
	CATY	C	-0.12%
	NSP	F	-0.12%
	APAM	C	-0.11%
	WEN	C	-0.11%
	BOH	D	-0.1%
	CRI	D	-0.1%
	CVBF	D	-0.09%
	CNS	B	-0.09%
	BANR	B	-0.08%
	OFG	C	-0.08%
	HTLF	B	-0.08%
	NWBI	C	-0.07%
	FCF	C	-0.07%
	CHCO	B	-0.07%
	LEG	D	-0.06%
	STBA	B	-0.06%
	LKFN	C	-0.06%
	BKE	B	-0.05%
	OXM	F	-0.05%
	VRTS	F	-0.05%
	CWEN	C	-0.04%
	AMSF	C	-0.04%
	PFBC	D	-0.04%
	SRCE	D	-0.04%
	KFRC	D	-0.04%
	GABC	C	-0.04%
	ETH	D	-0.03%
	CPF	B	-0.03%
	HFWA	C	-0.03%
	CBRL	D	-0.03%
	PFC	C	-0.03%
	FBMS	B	-0.03%
	GES	F	-0.02%

FLCO: Top Represented Industries & Keywords

Industries: Aerospace & Defense Banks - Global Specialty Retail Banks - Regional - US Contract Manufacturers Health Care Plans Insurance - Life Oil & Gas Integrated Oil & Gas Midstream Agricultural Inputs Beverages - Wineries & Distilleries Biotechnology Building Products & Equipment Capital Markets Consumer Electronics Department Stores Discount Stores Drug Manufacturers - Major Drug Manufacturers - Specialty & Generic Grocery Stores

Keywords: S&P 500 Natural Gas Dow Jones Component Bank Insurance Nasdaq 100 Plastic Disability Aerospace Banking Computing Electronics Life Insurance Natural Gas Liquids Petroleum Products Retailing Aviation Casualty Insurance Crude Oil E-Commerce

SCHD: Top Represented Industries & Keywords

Industries: Banks - Regional - US Asset Management Drug Manufacturers - Major Oil & Gas E&P Restaurants Staffing & Outsourcing Services Apparel Manufacturing Apparel Stores Beverages - Soft Drinks Home Furnishings & Fixtures Industrial Distribution Insurance - Property & Casualty Insurance - Specialty Integrated Shipping & Logistics Oil & Gas Refining & Marketing Packaging & Containers Savings & Cooperative Banks Semiconductors Specialty Retail Advertising Agencies

Keywords: S&P 500 Bank Banking Commercial Banking Commercial Bank Deposit Products Investment Management Cash Management Cash Management Services Real Estate Loans Card Services Individual Retirement Account Nasdaq 100 Retail Banking Trust Services Clothing Credit Card Services Dow Jones Component Insurance Banking Services