FLQL vs. GARP ETF Comparison

Comparison of Franklin LibertyQ U.S. Equity ETF (FLQL) to iShares MSCI USA Quality GARP ETF (GARP)

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

GARP

iShares MSCI USA Quality GARP ETF

GARP Description

Grade (RS Rating)

Last Trade

$55.77

Average Daily Volume

45,422

Number of Holdings ^*

145

* may have additional holdings in another (foreign) market

Performance

Period	FLQL	GARP
30 Days	2.44%	6.13%
60 Days	3.55%	5.15%
90 Days	4.50%	6.86%
12 Months	31.26%	42.31%

43 Overlapping Holdings

Symbol	Grade	Weight in FLQL	Weight in GARP	Overlap
AAPL	C	7.0%	4.74%	4.74%
ACGL	D	0.26%	0.31%	0.26%
AMAT	F	0.96%	2.76%	0.96%
AMZN	C	2.92%	1.3%	1.3%
ANET	C	0.77%	0.34%	0.34%
APA	D	0.08%	0.16%	0.08%
APP	B	0.42%	0.41%	0.41%
AVGO	D	1.77%	4.59%	1.77%
BKNG	A	1.19%	0.51%	0.51%
CMG	B	0.57%	0.8%	0.57%
DAL	C	0.2%	0.09%	0.09%
DECK	A	0.22%	0.54%	0.22%
DELL	C	0.19%	0.25%	0.19%
DVA	B	0.1%	0.02%	0.02%
DVN	F	0.08%	0.2%	0.08%
FANG	D	0.2%	0.09%	0.09%
FICO	B	0.17%	0.18%	0.17%
GOOG	C	1.73%	0.88%	0.88%
GOOGL	C	2.04%	2.97%	2.04%
GS	A	0.6%	0.55%	0.55%
GWW	B	0.38%	1.03%	0.38%
HLT	A	0.33%	0.09%	0.09%
HWM	A	0.25%	0.44%	0.25%
KLAC	D	0.67%	3.66%	0.67%
LII	A	0.15%	0.29%	0.15%
LLY	F	1.31%	2.54%	1.31%
LRCX	F	0.66%	1.82%	0.66%
MA	C	1.79%	4.19%	1.79%
META	D	2.48%	4.19%	2.48%
MPWR	F	0.09%	0.09%	0.09%
MRK	F	1.21%	2.12%	1.21%
MSFT	F	5.96%	4.56%	4.56%
NRG	B	0.12%	0.03%	0.03%
NVDA	C	6.71%	5.42%	5.42%
ORCL	B	0.88%	2.02%	0.88%
QCOM	F	1.22%	1.1%	1.1%
RCL	A	0.17%	0.81%	0.17%
STLD	B	0.16%	0.3%	0.16%
TMUS	B	0.59%	0.36%	0.36%
TPL	A	0.16%	0.28%	0.16%
TSLA	B	1.13%	6.81%	1.13%
VRTX	F	0.92%	0.32%	0.32%
WSM	B	0.15%	0.44%	0.15%

FLQL Overweight 167 Positions Relative to GARP

Symbol	Grade	Weight
COST	B	1.7%
WMT	A	1.68%
JNJ	D	1.55%
ABBV	D	1.33%
IBM	C	1.31%
ISRG	A	1.3%
CAT	B	1.27%
VZ	C	1.24%
TXN	C	1.24%
JPM	A	1.23%
BRK.A	B	1.11%
T	A	1.07%
AMGN	D	1.05%
C	A	0.97%
TJX	A	0.95%
SYK	C	0.94%
MO	A	0.85%
BSX	B	0.84%
PM	B	0.71%
WM	A	0.67%
TT	A	0.65%
XOM	B	0.63%
APH	A	0.6%
REGN	F	0.59%
MSI	B	0.58%
CI	F	0.56%
CB	C	0.56%
MCO	B	0.56%
PH	A	0.52%
UNH	C	0.52%
CL	D	0.52%
RTX	C	0.5%
HCA	F	0.49%
SPG	B	0.46%
CTAS	B	0.46%
PCAR	B	0.44%
LMT	D	0.4%
GD	F	0.39%
PSA	D	0.38%
URI	B	0.38%
DHI	D	0.36%
GM	B	0.35%
FAST	B	0.33%
ADI	D	0.32%
RSG	A	0.31%
LEN	D	0.3%
HPQ	B	0.29%
SO	D	0.29%
ELV	F	0.28%
CMI	A	0.26%
GRMN	B	0.25%
CTSH	B	0.24%
MCHP	D	0.23%
AFL	B	0.23%
SPOT	B	0.22%
PHM	D	0.22%
PEG	A	0.22%
SYF	B	0.21%
HPE	B	0.21%
NTAP	C	0.21%
HIG	B	0.19%
GLW	B	0.19%
NVR	D	0.19%
IRM	D	0.18%
LDOS	C	0.17%
EBAY	D	0.17%
WAB	B	0.17%
LYB	F	0.16%
ETR	B	0.16%
PKG	A	0.15%
CSL	C	0.15%
TSCO	D	0.15%
O	D	0.15%
KMB	D	0.14%
WSO	A	0.13%
OC	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%
G	B	0.11%
CF	B	0.11%
ESS	B	0.11%
TXRH	C	0.11%
JHG	A	0.11%
THC	D	0.11%
BBY	D	0.11%
UGI	A	0.1%
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%
NFG	A	0.1%
ADC	B	0.1%
DKS	C	0.1%
VICI	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%
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%
GLPI	C	0.09%
AVT	C	0.09%
OMC	C	0.09%
SWKS	F	0.09%
MTG	C	0.09%
M	D	0.09%
SSNC	B	0.09%
HIW	D	0.09%
CRI	D	0.08%
WING	D	0.08%
COKE	C	0.08%
CIVI	D	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 102 Positions Relative to GARP

Symbol	Grade	Weight
ADBE	C	-4.21%
CRM	B	-2.06%
V	A	-2.05%
GE	D	-1.64%
AMD	F	-1.41%
PGR	A	-1.3%
INTU	C	-1.2%
ODFL	B	-0.84%
ABNB	C	-0.82%
AMP	A	-0.79%
LULU	C	-0.7%
IDXX	F	-0.68%
NOW	A	-0.68%
FLUT	A	-0.66%
SHW	A	-0.65%
MELI	D	-0.63%
NFLX	A	-0.56%
APO	B	-0.56%
AXP	A	-0.48%
CPRT	A	-0.48%
SLB	C	-0.44%
VRT	B	-0.42%
PANW	C	-0.41%
HAL	C	-0.4%
PLTR	B	-0.39%
GEV	B	-0.38%
DASH	A	-0.37%
EQT	B	-0.37%
MANH	D	-0.37%
WDAY	B	-0.36%
NXPI	D	-0.36%
EXPE	B	-0.33%
ULTA	F	-0.32%
NUE	C	-0.3%
APTV	D	-0.28%
CTRA	B	-0.28%
SNPS	B	-0.27%
KKR	A	-0.27%
CRWD	B	-0.26%
CDNS	B	-0.26%
PAYC	B	-0.23%
MCK	B	-0.23%
ADSK	A	-0.22%
CPAY	A	-0.21%
LPLA	A	-0.2%
FTNT	C	-0.19%
UBER	D	-0.18%
HES	B	-0.17%
GDDY	A	-0.17%
SQ	B	-0.15%
PTC	A	-0.15%
AZO	C	-0.14%
MRO	B	-0.14%
DDOG	A	-0.13%
KNX	B	-0.13%
TEAM	A	-0.13%
IT	C	-0.13%
AMT	D	-0.13%
DKNG	B	-0.13%
BURL	A	-0.12%
ORLY	B	-0.1%
TDG	D	-0.1%
SMCI	F	-0.1%
H	B	-0.1%
IQV	D	-0.1%
PSTG	D	-0.1%
ENTG	D	-0.1%
DOCU	A	-0.1%
FCX	D	-0.09%
VEEV	C	-0.09%
DOW	F	-0.09%
DT	C	-0.09%
JBL	B	-0.09%
COIN	C	-0.08%
DXCM	D	-0.08%
MKL	A	-0.07%
WBD	C	-0.07%
CE	F	-0.07%
LNG	B	-0.07%
ZS	C	-0.06%
TRGP	B	-0.06%
AXON	A	-0.06%
SBAC	D	-0.06%
LW	C	-0.05%
PODD	C	-0.05%
MOH	F	-0.05%
ARES	A	-0.05%
ENPH	F	-0.05%
NBIX	C	-0.04%
IOT	A	-0.04%
OVV	B	-0.04%
ALNY	D	-0.04%
FWONK	B	-0.03%
PINS	D	-0.03%
MGM	D	-0.03%
ALLY	C	-0.03%
CTLT	B	-0.03%
INCY	C	-0.03%
LYV	A	-0.03%
SNAP	C	-0.02%
MRNA	F	-0.02%
CELH	F	-0.01%