FLQL vs. FDMO ETF Comparison

Comparison of Franklin LibertyQ U.S. Equity ETF (FLQL) to Fidelity Momentum Factor ETF (FDMO)

FLQL

Franklin LibertyQ U.S. Equity ETF

FLQL Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Large Cap Equity Index (the U.S. Large Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Large Cap underlying index. The U.S. Large Cap underlying index is based on the Russell 1000® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$57.94

Average Daily Volume

48,937

Number of Holdings ^*

208

* may have additional holdings in another (foreign) market

FDMO

Fidelity Momentum Factor ETF

FDMO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Momentum Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Momentum Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that exhibit positive momentum signals.

Grade (RS Rating)

Last Trade

$65.73

Average Daily Volume

39,827

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	FLQL	FDMO
30 Days	2.22%	2.38%
60 Days	3.76%	3.81%
90 Days	4.30%	3.20%
12 Months	32.67%	38.11%

66 Overlapping Holdings

Symbol	Grade	Weight in FLQL	Weight in FDMO	Overlap
ABBV	C	1.8%	1.35%	1.35%
AMAT	D	1.05%	1.4%	1.05%
AMGN	B	1.32%	1.01%	1.01%
AMZN	C	2.86%	3.7%	2.86%
ANET	B	0.75%	1.39%	0.75%
APH	D	0.54%	1.32%	0.54%
APP	C	0.1%	1.75%	0.1%
AVGO	C	1.76%	2.7%	1.76%
BKNG	C	1.03%	0.72%	0.72%
BRK.A	C	1.18%	1.99%	1.18%
BSX	B	0.72%	0.99%	0.72%
C	C	0.92%	0.61%	0.61%
CASY	D	0.12%	0.26%	0.12%
CAT	B	1.24%	0.7%	0.7%
CB	B	0.45%	0.68%	0.45%
CL	D	0.57%	0.41%	0.41%
CMG	C	0.6%	0.6%	0.6%
COST	B	1.79%	1.04%	1.04%
CSL	B	0.14%	0.41%	0.14%
CTAS	B	0.36%	0.53%	0.36%
DECK	C	0.23%	0.5%	0.23%
DELL	D	0.1%	1.26%	0.1%
ESS	B	0.11%	0.18%	0.11%
ETN	C	0.87%	0.61%	0.61%
FANG	D	0.19%	0.25%	0.19%
FIX	B	0.09%	0.41%	0.09%
GD	B	0.33%	0.51%	0.33%
GDDY	C	0.16%	1.27%	0.16%
GOOGL	D	1.88%	3.45%	1.88%
HIG	B	0.15%	0.52%	0.15%
HLT	B	0.27%	0.56%	0.27%
IRM	C	0.14%	0.2%	0.14%
ISRG	B	1.25%	1.07%	1.07%
JPM	D	1.18%	1.54%	1.18%
KLAC	D	0.86%	1.33%	0.86%
LAMR	B	0.1%	0.16%	0.1%
LDOS	B	0.17%	0.43%	0.17%
LLY	C	1.86%	2.16%	1.86%
MCK	F	0.44%	0.69%	0.44%
META	B	2.5%	2.43%	2.43%
MPC	F	0.52%	0.32%	0.32%
MRK	D	1.41%	1.25%	1.25%
MSFT	C	6.52%	7.28%	6.52%
NRG	C	0.09%	0.2%	0.09%
NVDA	D	4.95%	6.83%	4.95%
PEG	B	0.15%	0.24%	0.15%
PGR	B	0.58%	0.8%	0.58%
PKG	B	0.13%	0.17%	0.13%
PSA	B	0.42%	0.26%	0.26%
REGN	C	0.96%	0.95%	0.95%
RSG	D	0.34%	0.46%	0.34%
SMCI	F	0.09%	0.82%	0.09%
SPG	B	0.47%	0.24%	0.24%
STLD	F	0.15%	0.14%	0.14%
T	C	0.94%	0.54%	0.54%
THC	A	0.11%	0.78%	0.11%
TJX	B	0.99%	0.72%	0.72%
TMUS	C	0.36%	0.44%	0.36%
TT	B	0.56%	0.55%	0.55%
VZ	B	1.31%	0.6%	0.6%
WAB	B	0.12%	0.45%	0.12%
WING	B	0.09%	0.48%	0.09%
WM	D	0.79%	0.51%	0.51%
WMT	C	1.31%	0.93%	0.93%
WSM	D	0.17%	0.47%	0.17%
XOM	C	0.44%	1.16%	0.44%

FLQL Overweight 142 Positions Relative to FDMO

Symbol	Grade	Weight
AAPL	C	6.79%
JNJ	C	1.82%
MA	B	1.78%
GOOG	D	1.61%
IBM	B	1.42%
CSCO	C	1.41%
TXN	C	1.31%
VRTX	D	1.08%
QCOM	D	1.08%
CMCSA	D	1.06%
SYK	C	1.0%
MO	C	0.87%
LRCX	F	0.84%
TSLA	C	0.75%
HCA	B	0.63%
CI	C	0.62%
MCO	B	0.58%
ZTS	C	0.58%
DHI	B	0.46%
MSI	B	0.46%
PH	B	0.46%
PCAR	D	0.45%
URI	B	0.38%
VLO	F	0.36%
LEN	B	0.36%
GWW	B	0.36%
IDXX	C	0.33%
ACGL	C	0.32%
FAST	C	0.3%
MCHP	F	0.3%
HPQ	D	0.28%
NUE	F	0.26%
CTSH	C	0.26%
PHM	B	0.25%
NVR	B	0.24%
GM	C	0.23%
NTAP	D	0.22%
EMR	D	0.22%
GRMN	D	0.21%
LYB	D	0.2%
HPE	D	0.18%
SYF	C	0.17%
CDW	D	0.17%
BLDR	C	0.17%
CMI	C	0.16%
HWM	B	0.15%
LII	B	0.14%
TOL	B	0.14%
UTHR	C	0.13%
GLW	C	0.13%
RS	D	0.13%
TSCO	C	0.13%
UHS	B	0.13%
COKE	C	0.13%
MAS	B	0.13%
WSO	C	0.12%
HIW	B	0.12%
OC	D	0.12%
CLH	A	0.12%
JEF	B	0.12%
OHI	B	0.12%
DKS	D	0.12%
CUZ	B	0.12%
PPC	D	0.12%
LPLA	D	0.12%
EBAY	B	0.12%
HRB	C	0.12%
SWKS	D	0.12%
RGA	C	0.12%
DPZ	F	0.12%
AWI	B	0.11%
EXP	B	0.11%
ETR	B	0.11%
R	A	0.11%
JNPR	B	0.11%
LEN	B	0.11%
SCCO	D	0.11%
CW	B	0.11%
INGR	B	0.11%
EHC	C	0.11%
ALSN	B	0.11%
MUSA	D	0.11%
TXRH	C	0.11%
CRUS	D	0.11%
EPR	B	0.11%
EVR	A	0.11%
CF	C	0.11%
BBY	C	0.11%
DAL	C	0.11%
CFG	C	0.11%
MTG	B	0.11%
NNN	C	0.11%
OGN	D	0.1%
EMN	B	0.1%
CE	F	0.1%
AGO	C	0.1%
JBL	D	0.1%
SAIC	C	0.1%
MDU	C	0.1%
DVA	B	0.1%
CRI	D	0.1%
MEDP	F	0.1%
IBKR	B	0.1%
ITT	B	0.1%
KRC	B	0.1%
AXS	B	0.1%
NBIX	F	0.1%
NFG	B	0.1%
IP	B	0.1%
CACI	B	0.1%
CHE	C	0.1%
BLD	D	0.1%
NEU	D	0.1%
TER	D	0.09%
LNC	D	0.09%
PK	D	0.09%
OMF	D	0.09%
RL	C	0.09%
AVT	C	0.09%
OVV	F	0.09%
AYI	B	0.09%
TPR	C	0.09%
MSM	D	0.09%
KEX	C	0.09%
DCI	C	0.09%
SLM	D	0.09%
TNL	D	0.09%
LOPE	D	0.09%
WU	F	0.09%
PSTG	F	0.08%
NVT	D	0.08%
CROX	D	0.08%
APA	F	0.08%
GNTX	F	0.08%
SNX	D	0.08%
X	F	0.08%
BJ	D	0.08%
OSK	F	0.08%
GAP	F	0.07%
CIVI	F	0.07%
M	F	0.07%
BBWI	F	0.05%

FLQL Underweight 57 Positions Relative to FDMO

Symbol	Grade	Weight
CRWD	D	-1.44%
V	C	-1.33%
MU	F	-1.22%
HD	B	-1.18%
PG	C	-1.03%
ELV	C	-0.95%
BAC	D	-0.93%
NTRA	C	-0.86%
NFLX	B	-0.82%
KO	C	-0.77%
WFC	D	-0.75%
GE	B	-0.75%
AXP	B	-0.73%
UBER	C	-0.72%
GS	C	-0.71%
RTX	C	-0.67%
PM	C	-0.62%
KKR	B	-0.6%
ALL	B	-0.56%
LIN	B	-0.56%
TDG	B	-0.54%
HOOD	C	-0.5%
NEE	C	-0.5%
VRT	C	-0.48%
ANF	D	-0.45%
CVNA	B	-0.45%
JXN	A	-0.44%
EME	B	-0.43%
COIN	F	-0.39%
OKE	B	-0.35%
WMB	B	-0.34%
AMT	C	-0.34%
SO	B	-0.34%
DUK	C	-0.33%
TRGP	B	-0.31%
SHW	B	-0.3%
PSX	F	-0.3%
CEG	C	-0.29%
EQIX	C	-0.29%
WELL	C	-0.29%
FRPT	B	-0.28%
SFM	B	-0.26%
AEP	C	-0.26%
ECL	B	-0.25%
FCX	D	-0.24%
VST	C	-0.23%
DLR	B	-0.23%
FTI	D	-0.21%
EXR	B	-0.21%
WFRD	F	-0.2%
AVB	B	-0.2%
IFF	B	-0.18%
MLM	D	-0.17%
ELF	F	-0.17%
AVY	C	-0.16%
CRS	B	-0.14%
SLG	B	-0.14%