FLQL vs. IEDI ETF Comparison

Comparison of Franklin LibertyQ U.S. Equity ETF (FLQL) to iShares Evolved U.S. Discretionary Spending ETF (IEDI)

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

IEDI

iShares Evolved U.S. Discretionary Spending ETF

IEDI Description

The investment seeks to provide access to U.S. companies with discretionary spending exposure, as classified using a proprietary classification system. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization discretionary spending companies. It will hold common stock of those companies that fall into the Discretionary Spending Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as consumer discretionary companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.57

Average Daily Volume

6,281

Number of Holdings ^*

176

* may have additional holdings in another (foreign) market

Performance

Period	FLQL	IEDI
30 Days	2.44%	5.48%
60 Days	3.55%	5.47%
90 Days	4.50%	8.72%
12 Months	31.26%	34.08%

37 Overlapping Holdings

Symbol	Grade	Weight in FLQL	Weight in IEDI	Overlap
AMZN	C	2.92%	8.78%	2.92%
BBY	D	0.11%	0.36%	0.11%
BJ	A	0.11%	0.28%	0.11%
CASY	A	0.11%	0.42%	0.11%
CHE	D	0.09%	0.1%	0.09%
CL	D	0.52%	0.13%	0.13%
CMG	B	0.57%	2.85%	0.57%
COST	B	1.7%	8.55%	1.7%
CRI	D	0.08%	0.05%	0.05%
CROX	D	0.07%	0.12%	0.07%
CTAS	B	0.46%	0.61%	0.46%
DECK	A	0.22%	0.51%	0.22%
DKS	C	0.1%	0.45%	0.1%
DPZ	C	0.11%	0.47%	0.11%
EBAY	D	0.17%	0.23%	0.17%
FAST	B	0.33%	0.31%	0.31%
GAP	C	0.09%	0.14%	0.09%
GWW	B	0.38%	0.09%	0.09%
HLT	A	0.33%	1.31%	0.33%
HRB	D	0.09%	0.13%	0.09%
LAMR	D	0.1%	0.05%	0.05%
M	D	0.09%	0.09%	0.09%
MAS	D	0.12%	0.09%	0.09%
META	D	2.48%	1.68%	1.68%
MUSA	A	0.11%	0.16%	0.11%
OMC	C	0.09%	0.12%	0.09%
RCL	A	0.17%	0.5%	0.17%
RL	B	0.12%	0.12%	0.12%
ROL	B	0.1%	0.22%	0.1%
TJX	A	0.95%	4.58%	0.95%
TNL	A	0.12%	0.06%	0.06%
TOL	B	0.13%	0.16%	0.13%
TSCO	D	0.15%	0.89%	0.15%
TXRH	C	0.11%	0.45%	0.11%
WING	D	0.08%	0.39%	0.08%
WMT	A	1.68%	7.56%	1.68%
WSM	B	0.15%	0.51%	0.15%

FLQL Overweight 173 Positions Relative to IEDI

Symbol	Grade	Weight
AAPL	C	7.0%
NVDA	C	6.71%
MSFT	F	5.96%
GOOGL	C	2.04%
MA	C	1.79%
AVGO	D	1.77%
GOOG	C	1.73%
JNJ	D	1.55%
ABBV	D	1.33%
IBM	C	1.31%
LLY	F	1.31%
ISRG	A	1.3%
CAT	B	1.27%
VZ	C	1.24%
TXN	C	1.24%
JPM	A	1.23%
QCOM	F	1.22%
MRK	F	1.21%
BKNG	A	1.19%
TSLA	B	1.13%
BRK.A	B	1.11%
T	A	1.07%
AMGN	D	1.05%
C	A	0.97%
AMAT	F	0.96%
SYK	C	0.94%
VRTX	F	0.92%
ORCL	B	0.88%
MO	A	0.85%
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%
XOM	B	0.63%
GS	A	0.6%
APH	A	0.6%
TMUS	B	0.59%
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%
RTX	C	0.5%
HCA	F	0.49%
SPG	B	0.46%
PCAR	B	0.44%
APP	B	0.42%
LMT	D	0.4%
GD	F	0.39%
PSA	D	0.38%
URI	B	0.38%
DHI	D	0.36%
GM	B	0.35%
ADI	D	0.32%
RSG	A	0.31%
LEN	D	0.3%
HPQ	B	0.29%
SO	D	0.29%
ELV	F	0.28%
ACGL	D	0.26%
CMI	A	0.26%
HWM	A	0.25%
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%
DAL	C	0.2%
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%
LYB	F	0.16%
TPL	A	0.16%
ETR	B	0.16%
STLD	B	0.16%
PKG	A	0.15%
LII	A	0.15%
CSL	C	0.15%
O	D	0.15%
KMB	D	0.14%
WSO	A	0.13%
OC	A	0.13%
RMD	C	0.13%
CFG	B	0.13%
IP	B	0.13%
NRG	B	0.12%
EME	C	0.12%
AWI	A	0.12%
JEF	A	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%
FOXA	B	0.11%
EXR	D	0.11%
PPC	C	0.11%
FOX	A	0.11%
CW	B	0.11%
R	B	0.11%
LOPE	B	0.11%
RGA	A	0.11%
G	B	0.11%
CF	B	0.11%
ESS	B	0.11%
JHG	A	0.11%
THC	D	0.11%
UGI	A	0.1%
OHI	C	0.1%
SCCO	F	0.1%
K	A	0.1%
EMN	D	0.1%
DGX	A	0.1%
CLH	B	0.1%
UHS	D	0.1%
AVB	B	0.1%
NFG	A	0.1%
DVA	B	0.1%
ADC	B	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%
MPWR	F	0.09%
EPR	D	0.09%
PK	B	0.09%
SNX	C	0.09%
CACI	D	0.09%
NEU	C	0.09%
GPK	C	0.09%
LEN	D	0.09%
GLPI	C	0.09%
AVT	C	0.09%
SWKS	F	0.09%
MTG	C	0.09%
SSNC	B	0.09%
HIW	D	0.09%
APA	D	0.08%
COKE	C	0.08%
CIVI	D	0.08%
MEDP	D	0.08%
DVN	F	0.08%
TER	D	0.08%
OGN	D	0.07%
CRUS	D	0.07%
MDU	D	0.07%

FLQL Underweight 139 Positions Relative to IEDI

Symbol	Grade	Weight
HD	A	-12.26%
LOW	D	-4.3%
ORLY	B	-2.11%
MCD	D	-1.93%
TGT	F	-1.9%
SBUX	A	-1.86%
ROST	C	-1.83%
MAR	B	-1.29%
NKE	D	-1.1%
AZO	C	-1.08%
UBER	D	-1.02%
DIS	B	-0.83%
YUM	B	-0.82%
KR	B	-0.81%
DRI	B	-0.74%
V	A	-0.72%
BURL	A	-0.71%
DASH	A	-0.7%
ULTA	F	-0.7%
NFLX	A	-0.69%
DG	F	-0.53%
ABNB	C	-0.48%
CPRT	A	-0.48%
FERG	B	-0.46%
CVNA	B	-0.45%
DLTR	F	-0.44%
SQ	B	-0.44%
DKNG	B	-0.4%
PYPL	B	-0.4%
SFM	A	-0.38%
FND	C	-0.37%
SYY	B	-0.35%
STZ	D	-0.34%
CAVA	B	-0.32%
KMX	B	-0.31%
PLNT	A	-0.29%
TPR	B	-0.27%
USFD	A	-0.26%
LYV	A	-0.24%
PG	A	-0.24%
EXPE	B	-0.24%
OLLI	D	-0.22%
PFGC	B	-0.2%
INTU	C	-0.2%
SCI	B	-0.2%
TOST	B	-0.2%
CHDN	B	-0.2%
LAD	A	-0.19%
UPS	C	-0.19%
BBWI	D	-0.19%
TSN	B	-0.18%
CCL	B	-0.18%
GPC	D	-0.18%
WH	B	-0.17%
FIVE	F	-0.16%
RH	B	-0.16%
FRPT	B	-0.15%
ACI	C	-0.15%
HST	C	-0.15%
PINS	D	-0.15%
POOL	C	-0.15%
MTN	C	-0.15%
ARMK	B	-0.15%
GME	C	-0.15%
VFC	C	-0.14%
CZR	F	-0.14%
MGM	D	-0.14%
TPX	B	-0.14%
NCLH	B	-0.14%
GDDY	A	-0.14%
SKX	D	-0.14%
H	B	-0.13%
TTWO	A	-0.13%
ELF	C	-0.13%
ANF	C	-0.13%
ASO	F	-0.12%
SHAK	C	-0.12%
BOOT	D	-0.12%
EAT	A	-0.12%
VVV	F	-0.11%
BYD	C	-0.11%
FDX	B	-0.11%
MKC	D	-0.11%
DUOL	A	-0.11%
LUV	C	-0.11%
KTB	B	-0.11%
TKO	B	-0.1%
AN	C	-0.1%
ABG	B	-0.1%
CHH	A	-0.1%
Z	A	-0.1%
W	F	-0.1%
SIG	B	-0.1%
CPAY	A	-0.09%
RHP	B	-0.09%
AEO	F	-0.09%
SHOO	D	-0.09%
HOOD	B	-0.09%
SJM	D	-0.08%
SNAP	C	-0.08%
JWN	C	-0.08%
HSIC	B	-0.08%
ALK	C	-0.08%
BFAM	D	-0.08%
URBN	C	-0.08%
IPG	D	-0.08%
WEN	D	-0.08%
UAL	A	-0.08%
CBOE	B	-0.07%
CLX	B	-0.07%
BLD	D	-0.07%
FLO	D	-0.07%
AFRM	B	-0.07%
FUN	C	-0.07%
MSGS	A	-0.07%
AAP	C	-0.07%
UHAL	D	-0.07%
FCFS	F	-0.07%
KSS	F	-0.07%
SITE	D	-0.07%
LNW	D	-0.07%
LYFT	C	-0.07%
WBA	F	-0.06%
PZZA	D	-0.06%
CPRI	F	-0.06%
LANC	C	-0.06%
CNK	B	-0.06%
EA	A	-0.06%
CAG	D	-0.06%
FL	F	-0.06%
IT	C	-0.06%
NYT	C	-0.06%
FOUR	B	-0.06%
AAL	B	-0.06%
RHI	B	-0.06%
GEN	B	-0.06%
RRR	D	-0.06%
HAS	D	-0.05%
LW	C	-0.05%