FLQL vs. FVAL ETF Comparison

Comparison of Franklin LibertyQ U.S. Equity ETF (FLQL) to Fidelity Value Factor ETF (FVAL)

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

$59.85

Average Daily Volume

76,630

Number of Holdings ^*

210

* may have additional holdings in another (foreign) market

FVAL

Fidelity Value Factor ETF

FVAL Description

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

Grade (RS Rating)

Last Trade

$63.26

Average Daily Volume

81,569

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	FLQL	FVAL
30 Days	2.44%	3.33%
60 Days	3.55%	5.59%
90 Days	4.50%	6.82%
12 Months	31.26%	28.35%

51 Overlapping Holdings

Symbol	Grade	Weight in FLQL	Weight in FVAL	Overlap
AAPL	C	7.0%	6.68%	6.68%
ABBV	D	1.33%	1.11%	1.11%
AMZN	C	2.92%	3.88%	2.92%
BKNG	A	1.19%	0.87%	0.87%
BRK.A	B	1.11%	2.07%	1.11%
C	A	0.97%	0.74%	0.74%
CAT	B	1.27%	0.77%	0.77%
CF	B	0.11%	0.18%	0.11%
CI	F	0.56%	0.81%	0.56%
CIVI	D	0.08%	0.13%	0.08%
CMI	A	0.26%	0.52%	0.26%
CTSH	B	0.24%	0.76%	0.24%
DAL	C	0.2%	0.64%	0.2%
DVN	F	0.08%	0.18%	0.08%
EBAY	D	0.17%	0.51%	0.17%
ELV	F	0.28%	0.67%	0.28%
G	B	0.11%	0.49%	0.11%
GLPI	C	0.09%	0.16%	0.09%
GM	B	0.35%	0.67%	0.35%
GOOGL	C	2.04%	3.72%	2.04%
HPE	B	0.21%	0.81%	0.21%
IBM	C	1.31%	1.09%	1.09%
JNJ	D	1.55%	1.31%	1.31%
JPM	A	1.23%	1.84%	1.23%
KMB	D	0.14%	0.41%	0.14%
LMT	D	0.4%	0.56%	0.4%
LYB	F	0.16%	0.15%	0.15%
M	D	0.09%	0.39%	0.09%
META	D	2.48%	2.55%	2.48%
MO	A	0.85%	0.55%	0.55%
MRK	F	1.21%	1.01%	1.01%
MSFT	F	5.96%	6.37%	5.96%
NFG	A	0.1%	0.2%	0.1%
NRG	B	0.12%	0.26%	0.12%
NVDA	C	6.71%	7.33%	6.71%
O	D	0.15%	0.23%	0.15%
OC	A	0.13%	0.42%	0.13%
PCAR	B	0.44%	0.53%	0.44%
PSA	D	0.38%	0.25%	0.25%
QCOM	F	1.22%	1.0%	1.0%
SPG	B	0.46%	0.27%	0.27%
STLD	B	0.16%	0.18%	0.16%
SWKS	F	0.09%	0.56%	0.09%
SYF	B	0.21%	0.67%	0.21%
T	A	1.07%	0.62%	0.62%
UGI	A	0.1%	0.18%	0.1%
UNH	C	0.52%	1.69%	0.52%
VICI	C	0.1%	0.2%	0.1%
VZ	C	1.24%	0.61%	0.61%
WMT	A	1.68%	1.07%	1.07%
XOM	B	0.63%	1.14%	0.63%

FLQL Overweight 159 Positions Relative to FVAL

Symbol	Grade	Weight
MA	C	1.79%
AVGO	D	1.77%
GOOG	C	1.73%
COST	B	1.7%
LLY	F	1.31%
ISRG	A	1.3%
TXN	C	1.24%
TSLA	B	1.13%
AMGN	D	1.05%
AMAT	F	0.96%
TJX	A	0.95%
SYK	C	0.94%
VRTX	F	0.92%
ORCL	B	0.88%
BSX	B	0.84%
ANET	C	0.77%
PM	B	0.71%
WM	A	0.67%
KLAC	D	0.67%
LRCX	F	0.66%
TT	A	0.65%
GS	A	0.6%
APH	A	0.6%
TMUS	B	0.59%
REGN	F	0.59%
MSI	B	0.58%
CMG	B	0.57%
CB	C	0.56%
MCO	B	0.56%
PH	A	0.52%
CL	D	0.52%
RTX	C	0.5%
HCA	F	0.49%
CTAS	B	0.46%
APP	B	0.42%
GD	F	0.39%
GWW	B	0.38%
URI	B	0.38%
DHI	D	0.36%
HLT	A	0.33%
FAST	B	0.33%
ADI	D	0.32%
RSG	A	0.31%
LEN	D	0.3%
HPQ	B	0.29%
SO	D	0.29%
ACGL	D	0.26%
HWM	A	0.25%
GRMN	B	0.25%
MCHP	D	0.23%
AFL	B	0.23%
SPOT	B	0.22%
PHM	D	0.22%
PEG	A	0.22%
DECK	A	0.22%
NTAP	C	0.21%
FANG	D	0.2%
DELL	C	0.19%
HIG	B	0.19%
GLW	B	0.19%
NVR	D	0.19%
IRM	D	0.18%
LDOS	C	0.17%
FICO	B	0.17%
WAB	B	0.17%
RCL	A	0.17%
TPL	A	0.16%
ETR	B	0.16%
PKG	A	0.15%
LII	A	0.15%
CSL	C	0.15%
TSCO	D	0.15%
WSM	B	0.15%
WSO	A	0.13%
TOL	B	0.13%
RMD	C	0.13%
CFG	B	0.13%
IP	B	0.13%
TNL	A	0.12%
EME	C	0.12%
AWI	A	0.12%
RL	B	0.12%
JEF	A	0.12%
MAS	D	0.12%
AYI	B	0.12%
EVR	B	0.12%
UTHR	C	0.12%
FIX	A	0.12%
ALSN	B	0.12%
DTM	B	0.12%
AXS	A	0.11%
LNC	B	0.11%
BJ	A	0.11%
MUSA	A	0.11%
FOXA	B	0.11%
EXR	D	0.11%
PPC	C	0.11%
FOX	A	0.11%
CW	B	0.11%
DPZ	C	0.11%
R	B	0.11%
LOPE	B	0.11%
CASY	A	0.11%
RGA	A	0.11%
ESS	B	0.11%
TXRH	C	0.11%
JHG	A	0.11%
THC	D	0.11%
BBY	D	0.11%
OHI	C	0.1%
ROL	B	0.1%
SCCO	F	0.1%
K	A	0.1%
EMN	D	0.1%
DGX	A	0.1%
CLH	B	0.1%
LAMR	D	0.1%
UHS	D	0.1%
AVB	B	0.1%
DVA	B	0.1%
ADC	B	0.1%
DKS	C	0.1%
KRC	C	0.1%
INGR	B	0.1%
KEX	C	0.1%
RGLD	C	0.1%
EHC	B	0.1%
CHRW	C	0.1%
CUZ	B	0.1%
AMCR	D	0.09%
WU	D	0.09%
JNPR	F	0.09%
NNN	D	0.09%
MPWR	F	0.09%
EPR	D	0.09%
PK	B	0.09%
SNX	C	0.09%
CACI	D	0.09%
NEU	C	0.09%
GAP	C	0.09%
GPK	C	0.09%
CHE	D	0.09%
LEN	D	0.09%
HRB	D	0.09%
AVT	C	0.09%
OMC	C	0.09%
MTG	C	0.09%
SSNC	B	0.09%
HIW	D	0.09%
APA	D	0.08%
CRI	D	0.08%
WING	D	0.08%
COKE	C	0.08%
MEDP	D	0.08%
TER	D	0.08%
CROX	D	0.07%
OGN	D	0.07%
CRUS	D	0.07%
MDU	D	0.07%

FLQL Underweight 73 Positions Relative to FVAL

Symbol	Grade	Weight
CRM	B	-1.46%
V	A	-1.44%
HD	A	-1.22%
ACN	C	-1.15%
BAC	A	-1.13%
WFC	A	-1.08%
PG	A	-1.08%
BMY	B	-0.98%
ZM	B	-0.98%
GILD	C	-0.97%
MU	D	-0.85%
UAL	A	-0.84%
MCD	D	-0.84%
AXP	A	-0.83%
INTC	D	-0.77%
COF	B	-0.72%
CVS	D	-0.71%
TRV	B	-0.68%
DFS	B	-0.68%
HON	B	-0.68%
CVX	A	-0.67%
EXPE	B	-0.66%
ADP	B	-0.64%
CMCSA	B	-0.61%
RPRX	D	-0.61%
UNP	C	-0.61%
DE	A	-0.59%
JXN	C	-0.56%
PRU	A	-0.56%
LVS	C	-0.55%
UPS	C	-0.55%
CNC	D	-0.54%
RNR	C	-0.54%
LIN	D	-0.53%
KVUE	A	-0.52%
F	C	-0.51%
OZK	B	-0.51%
EG	C	-0.5%
WYNN	D	-0.5%
MMM	D	-0.5%
TGT	F	-0.48%
FDX	B	-0.48%
NEE	D	-0.46%
RHI	B	-0.44%
KR	B	-0.43%
COP	C	-0.4%
AGCO	D	-0.38%
ADM	D	-0.35%
ACI	C	-0.34%
DUK	C	-0.34%
PLD	D	-0.32%
BG	F	-0.32%
EOG	A	-0.31%
PCG	A	-0.29%
PARA	C	-0.28%
EXC	C	-0.26%
ATKR	C	-0.26%
AEP	D	-0.26%
FCX	D	-0.24%
MPC	D	-0.24%
CBRE	B	-0.23%
VLO	C	-0.22%
NUE	C	-0.19%
NEM	D	-0.19%
BXP	D	-0.18%
HST	C	-0.17%
JLL	D	-0.17%
WPC	D	-0.16%
ARE	D	-0.16%
DOW	F	-0.16%
MOS	F	-0.13%
MUR	D	-0.13%
CLF	F	-0.11%