FLQL vs. HLAL ETF Comparison

Comparison of Franklin LibertyQ U.S. Equity ETF (FLQL) to Wahed FTSE USA Shariah ETF (HLAL)

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

HLAL

Wahed FTSE USA Shariah ETF

HLAL Description

The investment seeks to track the total return performance, before fees and expenses, of the FTSE USA Shariah Index. The index is composed of common stocks of large and mid-capitalization U.S. companies the characteristics of which meet the requirements of the Shariah and are consistent with Islamic principles as interpreted by subject-matter experts. Under normal circumstances, at least 80% of its total assets will be invested in the component securities of the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.05

Average Daily Volume

69,757

Number of Holdings ^*

210

* may have additional holdings in another (foreign) market

Performance

Period	FLQL	HLAL
30 Days	2.22%	2.12%
60 Days	3.76%	2.04%
90 Days	4.30%	3.07%
12 Months	32.67%	23.14%

55 Overlapping Holdings

Symbol	Grade	Weight in FLQL	Weight in HLAL	Overlap
AAPL	C	6.79%	14.99%	6.79%
AMAT	D	1.05%	0.68%	0.68%
BLDR	C	0.17%	0.09%	0.09%
BSX	B	0.72%	0.57%	0.57%
CF	C	0.11%	0.07%	0.07%
CMI	C	0.16%	0.19%	0.16%
CSCO	C	1.41%	0.95%	0.95%
CTAS	B	0.36%	0.32%	0.32%
DAL	C	0.11%	0.03%	0.03%
DHI	B	0.46%	0.26%	0.26%
EMR	D	0.22%	0.27%	0.22%
FANG	D	0.19%	0.15%	0.15%
FAST	C	0.3%	0.18%	0.18%
GLW	C	0.13%	0.15%	0.13%
GOOG	D	1.61%	3.51%	1.61%
GOOGL	D	1.88%	4.16%	1.88%
GRMN	D	0.21%	0.13%	0.13%
GWW	B	0.36%	0.2%	0.2%
HPQ	D	0.28%	0.16%	0.16%
IDXX	C	0.33%	0.18%	0.18%
IP	B	0.1%	0.08%	0.08%
ISRG	B	1.25%	0.77%	0.77%
JNJ	C	1.82%	1.93%	1.82%
JNPR	B	0.11%	0.06%	0.06%
KLAC	D	0.86%	0.43%	0.43%
LEN	B	0.36%	0.21%	0.21%
LEN	B	0.11%	0.21%	0.11%
LEN	B	0.11%	0.01%	0.01%
LEN	B	0.36%	0.01%	0.01%
LRCX	F	0.84%	0.44%	0.44%
LYB	D	0.2%	0.11%	0.11%
MCK	F	0.44%	0.31%	0.31%
META	B	2.5%	5.25%	2.5%
MPC	F	0.52%	0.27%	0.27%
MRK	D	1.41%	1.4%	1.4%
MSFT	C	6.52%	14.26%	6.52%
NTAP	D	0.22%	0.11%	0.11%
NUE	F	0.26%	0.16%	0.16%
PCAR	D	0.45%	0.23%	0.23%
PHM	B	0.25%	0.13%	0.13%
PKG	B	0.13%	0.08%	0.08%
QCOM	D	1.08%	0.81%	0.81%
REGN	C	0.96%	0.55%	0.55%
SCCO	D	0.11%	0.04%	0.04%
STLD	F	0.15%	0.08%	0.08%
SYK	C	1.0%	0.61%	0.61%
TER	D	0.09%	0.09%	0.09%
TJX	B	0.99%	0.63%	0.63%
TSCO	C	0.13%	0.13%	0.13%
TSLA	C	0.75%	2.79%	0.75%
TT	B	0.56%	0.36%	0.36%
TXN	C	1.31%	0.85%	0.85%
VLO	F	0.36%	0.21%	0.21%
WAB	B	0.12%	0.13%	0.12%
XOM	C	0.44%	2.49%	0.44%

FLQL Overweight 155 Positions Relative to HLAL

Symbol	Grade	Weight
NVDA	D	4.95%
AMZN	C	2.86%
LLY	C	1.86%
ABBV	C	1.8%
COST	B	1.79%
MA	B	1.78%
AVGO	C	1.76%
IBM	B	1.42%
AMGN	B	1.32%
VZ	B	1.31%
WMT	C	1.31%
CAT	B	1.24%
JPM	D	1.18%
BRK.A	C	1.18%
VRTX	D	1.08%
CMCSA	D	1.06%
BKNG	C	1.03%
T	C	0.94%
C	C	0.92%
MO	C	0.87%
ETN	C	0.87%
WM	D	0.79%
ANET	B	0.75%
HCA	B	0.63%
CI	C	0.62%
CMG	C	0.6%
MCO	B	0.58%
PGR	B	0.58%
ZTS	C	0.58%
CL	D	0.57%
APH	D	0.54%
SPG	B	0.47%
MSI	B	0.46%
PH	B	0.46%
CB	B	0.45%
PSA	B	0.42%
URI	B	0.38%
TMUS	C	0.36%
RSG	D	0.34%
GD	B	0.33%
ACGL	C	0.32%
MCHP	F	0.3%
HLT	B	0.27%
CTSH	C	0.26%
NVR	B	0.24%
DECK	C	0.23%
GM	C	0.23%
HPE	D	0.18%
SYF	C	0.17%
LDOS	B	0.17%
CDW	D	0.17%
WSM	D	0.17%
GDDY	C	0.16%
HIG	B	0.15%
HWM	B	0.15%
PEG	B	0.15%
IRM	C	0.14%
LII	B	0.14%
TOL	B	0.14%
CSL	B	0.14%
UTHR	C	0.13%
RS	D	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%
CASY	D	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%
CW	B	0.11%
INGR	B	0.11%
ESS	B	0.11%
EHC	C	0.11%
ALSN	B	0.11%
MUSA	D	0.11%
TXRH	C	0.11%
THC	A	0.11%
CRUS	D	0.11%
EPR	B	0.11%
EVR	A	0.11%
BBY	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%
CACI	B	0.1%
LAMR	B	0.1%
CHE	C	0.1%
APP	C	0.1%
DELL	D	0.1%
BLD	D	0.1%
NEU	D	0.1%
LNC	D	0.09%
PK	D	0.09%
OMF	D	0.09%
RL	C	0.09%
AVT	C	0.09%
OVV	F	0.09%
FIX	B	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%
WING	B	0.09%
NRG	C	0.09%
TNL	D	0.09%
LOPE	D	0.09%
WU	F	0.09%
SMCI	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 157 Positions Relative to HLAL

Symbol	Grade	Weight
PG	C	-1.96%
KO	C	-1.31%
ADBE	F	-1.21%
CVX	D	-1.17%
CRM	D	-1.14%
AMD	D	-1.1%
TMO	B	-1.09%
LIN	B	-1.06%
ABT	C	-0.98%
NOW	B	-0.84%
DHR	B	-0.83%
PFE	C	-0.8%
UBER	C	-0.66%
COP	D	-0.6%
MDT	C	-0.57%
PLD	C	-0.56%
ADP	B	-0.54%
GILD	B	-0.51%
ADI	C	-0.5%
PANW	D	-0.49%
MDLZ	B	-0.48%
NKE	D	-0.46%
UPS	D	-0.45%
MU	F	-0.42%
INTC	F	-0.38%
WELL	C	-0.35%
MMM	B	-0.34%
BDX	D	-0.33%
SNPS	D	-0.33%
CDNS	D	-0.32%
FDX	C	-0.31%
ROP	C	-0.28%
SLB	F	-0.28%
MRVL	C	-0.28%
NEM	B	-0.28%
APD	B	-0.28%
NXPI	F	-0.27%
ADSK	C	-0.26%
PSX	F	-0.26%
CEG	C	-0.26%
GEV	B	-0.25%
ROST	C	-0.23%
JCI	B	-0.22%
TEL	D	-0.21%
KDP	B	-0.19%
EW	F	-0.19%
CTVA	B	-0.19%
A	C	-0.19%
ODFL	D	-0.18%
EA	D	-0.18%
DOW	D	-0.17%
PWR	B	-0.17%
RMD	C	-0.17%
GEHC	C	-0.17%
HES	F	-0.17%
IT	B	-0.17%
DD	B	-0.16%
OXY	F	-0.16%
BKR	C	-0.16%
IR	C	-0.16%
BIIB	F	-0.14%
ROK	D	-0.14%
VMC	D	-0.14%
PPG	D	-0.14%
MLM	D	-0.14%
LULU	D	-0.14%
ADM	D	-0.14%
XYL	C	-0.14%
CAH	C	-0.13%
ON	D	-0.13%
DOV	B	-0.12%
VLTO	C	-0.12%
TYL	C	-0.12%
FTV	C	-0.12%
CHD	D	-0.12%
HAL	F	-0.12%
TTWO	C	-0.12%
IFF	B	-0.12%
ANSS	D	-0.12%
DVN	F	-0.12%
WST	D	-0.11%
ICLR	D	-0.11%
STE	C	-0.11%
VST	C	-0.11%
MKC	C	-0.1%
ZBH	F	-0.1%
FSLR	C	-0.1%
WY	C	-0.1%
APTV	D	-0.09%
OMC	B	-0.09%
ILMN	C	-0.09%
HOLX	B	-0.09%
GPC	D	-0.09%
PTC	D	-0.09%
WDC	D	-0.09%
ATO	B	-0.09%
HUBB	B	-0.09%
ARE	C	-0.09%
EL	F	-0.09%
BURL	B	-0.08%
CTRA	D	-0.08%
ALGN	D	-0.08%
DGX	B	-0.08%
ULTA	D	-0.08%
PODD	B	-0.07%
ROL	C	-0.07%
BG	D	-0.07%
PNR	B	-0.07%
AKAM	D	-0.07%
SWK	B	-0.07%
IEX	D	-0.07%
MRO	C	-0.07%
BMRN	F	-0.07%
ZBRA	B	-0.07%
FLEX	C	-0.06%
POOL	C	-0.06%
SNA	C	-0.06%
TRMB	C	-0.06%
REG	C	-0.06%
DLTR	F	-0.06%
JBHT	D	-0.06%
DOX	C	-0.05%
TWLO	D	-0.05%
NWSA	D	-0.05%
EXAS	C	-0.05%
LKQ	F	-0.05%
TFX	C	-0.05%
OKTA	F	-0.05%
TECH	C	-0.05%
SW	B	-0.05%
CHRW	B	-0.05%
IPG	C	-0.05%
FFIV	B	-0.05%
FMC	C	-0.04%
SOLV	C	-0.04%
BWA	D	-0.04%
PAYC	D	-0.04%
MOS	F	-0.04%
GNRC	D	-0.04%
DAY	D	-0.04%
HSIC	C	-0.04%
ALB	D	-0.04%
CRL	F	-0.04%
QRVO	F	-0.04%
BIO	C	-0.03%
RHI	D	-0.03%
LEA	F	-0.03%
WBA	F	-0.03%
LBRDK	F	-0.03%
ALV	F	-0.03%
UAL	C	-0.02%
WLK	D	-0.02%
LUV	C	-0.02%
AGR	B	-0.01%
NWS	D	-0.01%
GFS	F	-0.01%
LBRDA	F	-0.0%