FLQL vs. IWP ETF Comparison

Comparison of Franklin LibertyQ U.S. Equity ETF (FLQL) to iShares Russell Midcap Growth ETF (IWP)

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

$57.97

Average Daily Volume

54,856

Number of Holdings ^*

210

* may have additional holdings in another (foreign) market

IWP

iShares Russell Midcap Growth ETF

IWP Description

The investment seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit growth characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell Midcap Growth Index (the "underlying index"), which measures the performance of the mid-capitalization growth sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$118.25

Average Daily Volume

969,442

Number of Holdings ^*

286

* may have additional holdings in another (foreign) market

Performance

Period	FLQL	IWP
30 Days	3.99%	7.25%
60 Days	10.82%	14.00%
90 Days	2.62%	6.67%
12 Months	36.18%	32.16%

43 Overlapping Holdings

Symbol	Grade	Weight in FLQL	Weight in IWP	Overlap
APP	A	0.19%	1.23%	0.19%
AWI	A	0.1%	0.07%	0.07%
CASY	D	0.1%	0.09%	0.09%
CHE	C	0.1%	0.03%	0.03%
CIVI	F	0.09%	0.05%	0.05%
CROX	C	0.1%	0.05%	0.05%
CSL	A	0.15%	0.1%	0.1%
DECK	B	0.2%	0.85%	0.2%
DKS	D	0.11%	0.04%	0.04%
DPZ	D	0.11%	0.19%	0.11%
DVA	C	0.11%	0.29%	0.11%
EME	C	0.1%	0.28%	0.1%
FAST	C	0.3%	1.23%	0.3%
FICO	A	0.15%	1.38%	0.15%
FIX	B	0.11%	0.49%	0.11%
GWW	B	0.33%	1.41%	0.33%
HLT	B	0.31%	1.04%	0.31%
HPQ	B	0.28%	0.3%	0.28%
HRB	C	0.1%	0.06%	0.06%
HWM	A	0.22%	0.09%	0.09%
IRM	A	0.19%	0.71%	0.19%
JEF	A	0.1%	0.11%	0.1%
LAMR	C	0.11%	0.1%	0.1%
LII	C	0.15%	0.69%	0.15%
LOPE	D	0.1%	0.05%	0.05%
MEDP	F	0.1%	0.3%	0.1%
MPWR	B	0.14%	1.5%	0.14%
MUSA	D	0.08%	0.33%	0.08%
NRG	A	0.11%	0.28%	0.11%
NTAP	D	0.22%	0.4%	0.22%
PPC	D	0.09%	0.01%	0.01%
RCL	C	0.13%	0.51%	0.13%
RMD	C	0.14%	0.34%	0.14%
ROL	C	0.1%	0.51%	0.1%
SPG	A	0.44%	0.5%	0.44%
TER	C	0.11%	0.66%	0.11%
TPL	A	0.11%	0.62%	0.11%
TSCO	B	0.15%	1.14%	0.15%
TXRH	C	0.1%	0.42%	0.1%
URI	C	0.37%	0.46%	0.37%
WING	C	0.1%	0.44%	0.1%
WSM	B	0.18%	0.41%	0.18%
WU	D	0.1%	0.02%	0.02%

FLQL Overweight 167 Positions Relative to IWP

Symbol	Grade	Weight
AAPL	C	7.04%
MSFT	D	6.21%
NVDA	B	5.84%
AMZN	C	2.84%
META	A	2.56%
GOOGL	B	1.9%
AVGO	C	1.89%
MA	A	1.69%
COST	C	1.68%
LLY	D	1.68%
JNJ	D	1.65%
WMT	A	1.63%
GOOG	B	1.62%
ABBV	B	1.56%
MRK	F	1.45%
IBM	A	1.41%
VZ	B	1.32%
CAT	A	1.29%
AMGN	D	1.26%
QCOM	C	1.25%
TXN	C	1.24%
ISRG	C	1.2%
AMAT	B	1.11%
JPM	D	1.07%
BRK.A	C	1.06%
T	A	1.01%
BKNG	C	1.0%
TJX	D	0.94%
VRTX	D	0.92%
SYK	C	0.88%
C	C	0.87%
TSLA	C	0.86%
KLAC	B	0.85%
REGN	D	0.82%
ANET	A	0.81%
ORCL	C	0.8%
BSX	A	0.78%
MO	D	0.77%
LRCX	D	0.75%
PM	D	0.66%
WM	B	0.64%
CI	D	0.62%
XOM	A	0.62%
TT	A	0.62%
HCA	C	0.59%
MCO	D	0.58%
APH	D	0.58%
CL	D	0.58%
CMG	C	0.57%
CB	B	0.57%
MSI	A	0.53%
RTX	A	0.51%
GS	D	0.51%
UNH	B	0.51%
TMUS	A	0.5%
PH	B	0.47%
DHI	C	0.44%
LMT	A	0.44%
CTAS	C	0.44%
GD	C	0.42%
PCAR	C	0.4%
PSA	C	0.4%
ELV	F	0.38%
ADI	C	0.35%
LEN	B	0.33%
GM	D	0.31%
SO	A	0.3%
RSG	C	0.3%
ACGL	B	0.3%
MCHP	F	0.27%
PHM	A	0.25%
CTSH	B	0.24%
AFL	A	0.23%
NVR	B	0.23%
CMI	A	0.23%
PEG	A	0.22%
GRMN	D	0.21%
FANG	C	0.2%
HPE	B	0.19%
GLW	C	0.19%
HIG	B	0.19%
LYB	F	0.18%
EBAY	A	0.18%
DELL	C	0.17%
O	A	0.17%
SPOT	C	0.17%
SYF	B	0.16%
WAB	B	0.16%
LDOS	A	0.16%
STLD	B	0.15%
KMB	D	0.15%
DAL	C	0.15%
ETR	A	0.14%
THC	D	0.13%
BBY	C	0.13%
MAS	A	0.13%
TOL	A	0.13%
PKG	B	0.13%
CFG	D	0.12%
EXR	C	0.12%
WSO	C	0.12%
UHS	D	0.12%
RGA	C	0.11%
EVR	C	0.11%
KRC	C	0.11%
VICI	C	0.11%
SCCO	B	0.11%
UTHR	C	0.11%
CF	A	0.11%
RL	B	0.11%
SWKS	F	0.11%
IP	C	0.11%
ESS	D	0.11%
OC	C	0.11%
GPK	D	0.1%
AMCR	C	0.1%
NEU	F	0.1%
LNC	D	0.1%
GLPI	A	0.1%
K	A	0.1%
MTG	B	0.1%
JNPR	B	0.1%
PK	D	0.1%
UGI	C	0.1%
SSNC	C	0.1%
DTM	A	0.1%
G	A	0.1%
OMC	C	0.1%
AXS	A	0.1%
INGR	B	0.1%
FOX	A	0.1%
ALSN	A	0.1%
LEN	B	0.1%
CRI	D	0.1%
ADC	B	0.1%
NFG	A	0.1%
FOXA	A	0.1%
RGLD	C	0.1%
NNN	A	0.1%
TNL	C	0.1%
JHG	B	0.1%
CW	A	0.1%
EHC	B	0.1%
BJ	C	0.1%
OHI	C	0.1%
CACI	A	0.1%
R	C	0.1%
EPR	C	0.1%
CLH	C	0.1%
EMN	C	0.1%
HIW	C	0.1%
AVB	C	0.1%
KEX	C	0.1%
AYI	A	0.1%
CUZ	C	0.1%
MDU	C	0.1%
CHRW	C	0.1%
OGN	F	0.09%
APA	F	0.09%
COKE	C	0.09%
GAP	F	0.09%
DVN	F	0.09%
SNX	D	0.09%
M	F	0.09%
DGX	C	0.09%
AVT	C	0.09%
CRUS	D	0.08%

FLQL Underweight 243 Positions Relative to IWP

Symbol	Grade	Weight
PLTR	A	-2.63%
TTD	A	-1.72%
AMP	A	-1.55%
VST	B	-1.51%
IDXX	D	-1.46%
ODFL	F	-1.37%
VRSK	C	-1.37%
IT	B	-1.35%
COR	F	-1.33%
VRT	B	-1.25%
DDOG	C	-1.22%
TRGP	A	-1.19%
ALNY	C	-1.11%
VEEV	C	-1.1%
ARES	A	-1.03%
AXON	A	-1.03%
CPNG	C	-1.02%
COIN	F	-0.98%
DXCM	F	-0.95%
MSCI	B	-0.92%
HUBS	D	-0.92%
HES	C	-0.9%
SYY	D	-0.86%
NET	D	-0.84%
BR	B	-0.82%
RBLX	D	-0.8%
GDDY	D	-0.78%
CPAY	A	-0.77%
LNG	A	-0.76%
TYL	B	-0.75%
BAH	A	-0.75%
CLX	C	-0.74%
SMCI	F	-0.72%
PINS	C	-0.71%
LVS	B	-0.66%
EXPE	B	-0.66%
MDB	D	-0.65%
LYV	B	-0.63%
DKNG	D	-0.62%
LPLA	C	-0.61%
MANH	C	-0.6%
PODD	C	-0.59%
BURL	D	-0.59%
ENTG	D	-0.59%
HEI	C	-0.59%
PAYX	A	-0.58%
CAH	B	-0.57%
ULTA	D	-0.56%
ZS	F	-0.55%
DT	B	-0.55%
SQ	D	-0.55%
YUM	B	-0.54%
ENPH	F	-0.53%
CDW	D	-0.53%
NTRA	B	-0.52%
POOL	B	-0.5%
PSTG	F	-0.47%
PWR	B	-0.47%
WST	D	-0.47%
WAT	B	-0.46%
DOCU	B	-0.45%
MOH	D	-0.45%
PTC	D	-0.45%
TOST	B	-0.45%
XPO	F	-0.44%
VLTO	A	-0.44%
NBIX	F	-0.41%
HEI	C	-0.41%
EQH	C	-0.41%
BRO	A	-0.4%
SRPT	F	-0.4%
ROST	D	-0.4%
ALGN	D	-0.39%
KNSL	C	-0.38%
DUOL	B	-0.37%
DRI	C	-0.37%
OWL	A	-0.35%
CHDN	D	-0.34%
TPX	C	-0.33%
CAVA	C	-0.33%
HAS	B	-0.32%
NCLH	C	-0.31%
VMC	D	-0.3%
MORN	C	-0.3%
ALL	C	-0.28%
LNW	F	-0.28%
SMAR	A	-0.27%
ITCI	D	-0.27%
PCTY	B	-0.26%
EXP	B	-0.26%
EFX	C	-0.26%
AAON	B	-0.26%
TREX	D	-0.26%
BSY	D	-0.25%
RYAN	A	-0.25%
PEN	D	-0.25%
AVY	D	-0.24%
CVNA	A	-0.24%
SAIA	D	-0.24%
GWRE	A	-0.24%
WFRD	F	-0.23%
EXEL	B	-0.23%
VKTX	B	-0.23%
LSCC	D	-0.22%
ESTC	F	-0.22%
INSP	C	-0.22%
FDS	C	-0.22%
PCOR	D	-0.22%
GLOB	C	-0.22%
TW	A	-0.21%
GTLB	D	-0.21%
CELH	F	-0.2%
MTN	D	-0.2%
CNM	F	-0.2%
FWONK	D	-0.2%
IONS	F	-0.2%
ELF	F	-0.2%
OKTA	F	-0.19%
APPF	C	-0.19%
PAYC	D	-0.19%
VVV	F	-0.19%
FOUR	B	-0.19%
EXAS	C	-0.18%
LAZ	C	-0.18%
RARE	D	-0.18%
BRKR	D	-0.17%
FND	C	-0.17%
CFLT	F	-0.17%
AZEK	C	-0.17%
IQV	F	-0.17%
PATH	F	-0.17%
MKL	C	-0.17%
OLED	C	-0.17%
LPX	C	-0.17%
GNRC	B	-0.16%
WMS	D	-0.15%
AJG	D	-0.15%
GEHC	C	-0.14%
FIVE	D	-0.14%
PLNT	B	-0.14%
HSY	F	-0.14%
NTNX	C	-0.14%
JLL	C	-0.14%
ETSY	F	-0.14%
ZBRA	C	-0.14%
HCP	A	-0.13%
CE	C	-0.13%
RPM	B	-0.12%
EXPD	D	-0.11%
MASI	B	-0.11%
LW	D	-0.11%
CHH	C	-0.11%
LYFT	D	-0.11%
UHAL	B	-0.11%
PEGA	C	-0.11%
TTEK	A	-0.1%
FERG	F	-0.1%
EG	B	-0.1%
ROK	C	-0.1%
U	D	-0.1%
TDC	D	-0.1%
APLS	F	-0.1%
LECO	F	-0.1%
SITE	D	-0.09%
RNG	D	-0.09%
ONTO	C	-0.09%
BLDR	B	-0.08%
LBRDK	B	-0.08%
CACC	F	-0.08%
TWLO	B	-0.08%
DBX	B	-0.07%
MLM	F	-0.07%
PR	D	-0.07%
CLF	F	-0.07%
AM	A	-0.07%
FIVN	F	-0.07%
FRPT	C	-0.07%
WSC	D	-0.07%
NXST	F	-0.07%
BWXT	A	-0.07%
NCNO	D	-0.06%
MSTR	B	-0.06%
PFGC	A	-0.06%
SOFI	C	-0.05%
BILL	D	-0.05%
ALLY	F	-0.05%
EQT	B	-0.05%
TKO	A	-0.05%
DV	F	-0.05%
VNOM	A	-0.05%
BROS	F	-0.05%
ROKU	B	-0.05%
SN	A	-0.05%
TXG	F	-0.05%
WEN	D	-0.05%
S	D	-0.04%
VRSN	B	-0.04%
BLD	D	-0.04%
YETI	C	-0.04%
JBL	C	-0.04%
TRU	A	-0.04%
RGEN	F	-0.04%
BFAM	B	-0.04%
TPG	B	-0.04%
BPOP	D	-0.03%
KBR	B	-0.03%
WYNN	B	-0.03%
HLI	B	-0.03%
SKX	D	-0.03%
SSD	B	-0.03%
WEX	C	-0.03%
KMX	F	-0.03%
H	C	-0.03%
DAY	B	-0.03%
RH	C	-0.03%
MTDR	F	-0.02%
SPR	F	-0.02%
AAL	D	-0.02%
WH	C	-0.02%
SAM	C	-0.02%
UWMC	D	-0.02%
CAR	F	-0.02%
DJT	F	-0.02%
FWONA	D	-0.02%
INCY	B	-0.02%
EPAM	F	-0.02%
LOAR	C	-0.02%
CC	D	-0.01%
UHAL	B	-0.01%
SEE	D	-0.01%
LBRDA	B	-0.01%
MSGS	A	-0.01%
IRDM	B	-0.01%
NFE	F	-0.01%
CGNX	F	-0.01%
DOCS	A	-0.01%
RLI	A	-0.01%
MKSI	F	-0.01%
UI	A	-0.01%
ALAB	C	-0.0%
FTRE	F	-0.0%
TRIP	F	-0.0%
PYCR	D	-0.0%