FLQL vs. MPAY ETF Comparison

Comparison of Franklin LibertyQ U.S. Equity ETF (FLQL) to Akros Monthly Payout ETF (MPAY)

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

MPAY

Akros Monthly Payout ETF

MPAY Description

MPAY seeks to provide potential monthly distributions, which may include return of capital to investors. The index is generally comprised of 50 stocks and 18 ETFs. For the stock component of the index, only those listed on a US exchange and have a market-cap of at least $1 billion may be included. A proprietary algorithm analyzes historical financial and trading data to rank and select stocks based on their excess return factor, which is a formula that gauges whether a stock could outperform future markets. The top 50 stocks are selected to be included. The ETF component of the index aims to cut across different asset classes: mainly foreign equity, broad commodity, gold, Treasurys, bonds, REITs, MBTs, and global infrastructure ETFs. Individual weights are based on a proprietary methodology that incorporates modern portfolio theory principles such as historical covariance, historical mean, historical risk contribution, and cluster analysis. The index is rebalanced monthly and is non-diversified.

Grade (RS Rating)

Last Trade

$25.89

Average Daily Volume

811

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLQL	MPAY
30 Days	2.44%	1.35%
60 Days	3.55%	0.61%
90 Days	4.50%	2.24%
12 Months	31.26%	24.38%

28 Overlapping Holdings

Symbol	Grade	Weight in FLQL	Weight in MPAY	Overlap
AAPL	C	7.0%	5.94%	5.94%
ABBV	D	1.33%	1.45%	1.33%
AMAT	F	0.96%	1.45%	0.96%
AMZN	C	2.92%	4.97%	2.92%
BKNG	A	1.19%	1.26%	1.19%
CAT	B	1.27%	1.28%	1.27%
COST	B	1.7%	1.77%	1.7%
DELL	C	0.19%	1.02%	0.19%
GOOGL	C	2.04%	4.73%	2.04%
HCA	F	0.49%	1.28%	0.49%
JNJ	D	1.55%	1.46%	1.46%
KLAC	D	0.67%	1.32%	0.67%
LLY	F	1.31%	3.04%	1.31%
LMT	D	0.4%	1.23%	0.4%
MA	C	1.79%	1.76%	1.76%
MRK	F	1.21%	1.53%	1.21%
MSFT	F	5.96%	5.7%	5.7%
NVDA	C	6.71%	6.38%	6.38%
ORCL	B	0.88%	1.78%	0.88%
PM	B	0.71%	1.27%	0.71%
QCOM	F	1.22%	1.36%	1.22%
RTX	C	0.5%	1.19%	0.5%
TJX	A	0.95%	1.28%	0.95%
TSLA	B	1.13%	1.83%	1.13%
TXN	C	1.24%	1.23%	1.23%
UNH	C	0.52%	1.74%	0.52%
WMT	A	1.68%	2.21%	1.68%
XOM	B	0.63%	1.55%	0.63%

FLQL Overweight 182 Positions Relative to MPAY

Symbol	Grade	Weight
META	D	2.48%
AVGO	D	1.77%
GOOG	C	1.73%
IBM	C	1.31%
ISRG	A	1.3%
VZ	C	1.24%
JPM	A	1.23%
BRK.A	B	1.11%
T	A	1.07%
AMGN	D	1.05%
C	A	0.97%
SYK	C	0.94%
VRTX	F	0.92%
MO	A	0.85%
BSX	B	0.84%
ANET	C	0.77%
WM	A	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%
CI	F	0.56%
CB	C	0.56%
MCO	B	0.56%
PH	A	0.52%
CL	D	0.52%
SPG	B	0.46%
CTAS	B	0.46%
PCAR	B	0.44%
APP	B	0.42%
GD	F	0.39%
GWW	B	0.38%
PSA	D	0.38%
URI	B	0.38%
DHI	D	0.36%
GM	B	0.35%
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%
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%
DECK	A	0.22%
SYF	B	0.21%
HPE	B	0.21%
NTAP	C	0.21%
DAL	C	0.2%
FANG	D	0.2%
HIG	B	0.19%
GLW	B	0.19%
NVR	D	0.19%
IRM	D	0.18%
LDOS	C	0.17%
FICO	B	0.17%
EBAY	D	0.17%
WAB	B	0.17%
RCL	A	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%
TSCO	D	0.15%
O	D	0.15%
WSM	B	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%
NRG	B	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%
DVA	B	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%
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%
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%
APA	D	0.08%
CRI	D	0.08%
WING	D	0.08%
COKE	C	0.08%
CIVI	D	0.08%
MEDP	D	0.08%
DVN	F	0.08%
TER	D	0.08%
CROX	D	0.07%
OGN	D	0.07%
CRUS	D	0.07%
MDU	D	0.07%

FLQL Underweight 23 Positions Relative to MPAY

Symbol	Grade	Weight
GLDM	C	-3.6%
IAUM	C	-3.36%
V	A	-1.77%
HD	A	-1.74%
ADBE	C	-1.57%
NOW	A	-1.46%
NFLX	A	-1.44%
CRM	B	-1.43%
LOW	D	-1.37%
ACN	C	-1.34%
CVX	A	-1.32%
MCD	D	-1.31%
INTU	C	-1.3%
FTNT	C	-1.28%
CSCO	B	-1.28%
LIN	D	-1.27%
PEP	F	-1.25%
NKE	D	-1.25%
ADP	B	-1.24%
AZO	C	-1.24%
ABNB	C	-1.23%
ABT	B	-1.23%
UPS	C	-1.22%