FLQL vs. QUAL ETF Comparison

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

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

QUAL

iShares MSCI USA Quality Factor ETF

QUAL Description

The investment seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with quality characteristics as identified through certain fundamental metrics. The fund seeks to track the investment results of the MSCI USA Quality Index (the "underlying index"), which is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks. It generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$182.75

Average Daily Volume

893,947

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	FLQL	QUAL
30 Days	2.44%	1.61%
60 Days	3.55%	2.39%
90 Days	4.50%	3.34%
12 Months	31.26%	30.86%

51 Overlapping Holdings

Symbol	Grade	Weight in FLQL	Weight in QUAL	Overlap
AAPL	C	7.0%	5.44%	5.44%
ACGL	D	0.26%	0.26%	0.26%
AFL	B	0.23%	0.42%	0.23%
AMAT	F	0.96%	1.17%	0.96%
ANET	C	0.77%	0.73%	0.73%
APA	D	0.08%	0.19%	0.08%
APH	A	0.6%	0.5%	0.5%
AVB	B	0.1%	0.24%	0.1%
BBY	D	0.11%	0.29%	0.11%
CAT	B	1.27%	1.4%	1.27%
CMG	B	0.57%	1.26%	0.57%
COST	B	1.7%	2.55%	1.7%
CTAS	B	0.46%	0.6%	0.46%
DECK	A	0.22%	0.49%	0.22%
DHI	D	0.36%	0.7%	0.36%
EME	C	0.12%	0.17%	0.12%
FAST	B	0.33%	0.42%	0.33%
GOOG	C	1.73%	1.55%	1.55%
GOOGL	C	2.04%	1.77%	1.77%
GRMN	B	0.25%	0.48%	0.25%
GWW	B	0.38%	0.59%	0.38%
JNJ	D	1.55%	2.15%	1.55%
KLAC	D	0.67%	0.77%	0.67%
LLY	F	1.31%	3.42%	1.31%
LMT	D	0.4%	1.08%	0.4%
LRCX	F	0.66%	0.73%	0.66%
MA	C	1.79%	4.22%	1.79%
MCO	B	0.56%	0.53%	0.53%
META	D	2.48%	4.09%	2.48%
MPWR	F	0.09%	0.18%	0.09%
MSFT	F	5.96%	4.5%	4.5%
NTAP	C	0.21%	0.21%	0.21%
NVDA	C	6.71%	6.93%	6.71%
NVR	D	0.19%	0.52%	0.19%
OMC	C	0.09%	0.1%	0.09%
PEG	A	0.22%	0.69%	0.22%
PHM	D	0.22%	0.43%	0.22%
PKG	A	0.15%	0.1%	0.1%
PSA	D	0.38%	0.55%	0.38%
QCOM	F	1.22%	1.15%	1.15%
RMD	C	0.13%	0.17%	0.13%
ROL	B	0.1%	0.12%	0.1%
TJX	A	0.95%	2.03%	0.95%
TPL	A	0.16%	0.58%	0.16%
TSCO	D	0.15%	0.43%	0.15%
TXN	C	1.24%	1.34%	1.24%
UNH	C	0.52%	2.81%	0.52%
UTHR	C	0.12%	0.08%	0.08%
VRTX	F	0.92%	0.62%	0.62%
WSM	B	0.15%	0.29%	0.15%
WSO	A	0.13%	0.12%	0.12%

FLQL Overweight 159 Positions Relative to QUAL

Symbol	Grade	Weight
AMZN	C	2.92%
AVGO	D	1.77%
WMT	A	1.68%
ABBV	D	1.33%
IBM	C	1.31%
ISRG	A	1.3%
VZ	C	1.24%
JPM	A	1.23%
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%
SYK	C	0.94%
ORCL	B	0.88%
MO	A	0.85%
BSX	B	0.84%
PM	B	0.71%
WM	A	0.67%
TT	A	0.65%
XOM	B	0.63%
GS	A	0.6%
TMUS	B	0.59%
REGN	F	0.59%
MSI	B	0.58%
CI	F	0.56%
CB	C	0.56%
PH	A	0.52%
CL	D	0.52%
RTX	C	0.5%
HCA	F	0.49%
SPG	B	0.46%
PCAR	B	0.44%
APP	B	0.42%
GD	F	0.39%
URI	B	0.38%
GM	B	0.35%
HLT	A	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%
HWM	A	0.25%
CTSH	B	0.24%
MCHP	D	0.23%
SPOT	B	0.22%
SYF	B	0.21%
HPE	B	0.21%
DAL	C	0.2%
FANG	D	0.2%
DELL	C	0.19%
HIG	B	0.19%
GLW	B	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%
ETR	B	0.16%
STLD	B	0.16%
LII	A	0.15%
CSL	C	0.15%
O	D	0.15%
KMB	D	0.14%
OC	A	0.13%
TOL	B	0.13%
CFG	B	0.13%
IP	B	0.13%
TNL	A	0.12%
NRG	B	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%
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%
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%
LAMR	D	0.1%
UHS	D	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%
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%
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%
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 72 Positions Relative to QUAL

Symbol	Grade	Weight
V	A	-4.5%
ADBE	C	-1.76%
NFLX	A	-1.76%
ADP	B	-1.75%
CSCO	B	-1.74%
COP	C	-1.73%
ACN	C	-1.67%
KO	D	-1.43%
NKE	D	-1.41%
LIN	D	-1.14%
PEP	F	-1.1%
BLK	C	-0.99%
SRE	A	-0.93%
SLB	C	-0.89%
MMC	B	-0.74%
ITW	B	-0.73%
PLD	D	-0.71%
LULU	C	-0.66%
CDNS	B	-0.58%
SHW	A	-0.57%
CME	A	-0.52%
SNPS	B	-0.51%
ZTS	D	-0.51%
ED	D	-0.5%
MMM	D	-0.5%
PAYX	C	-0.49%
ATO	A	-0.4%
APD	A	-0.35%
CBRE	B	-0.35%
ODFL	B	-0.34%
AMP	A	-0.33%
ULTA	F	-0.31%
IDXX	F	-0.3%
FERG	B	-0.28%
CSGP	D	-0.26%
EW	C	-0.24%
ROK	B	-0.22%
POOL	C	-0.22%
EQT	B	-0.22%
VLTO	D	-0.21%
MNST	C	-0.21%
MANH	D	-0.2%
EA	A	-0.2%
A	D	-0.2%
TROW	B	-0.19%
EQR	B	-0.18%
LPLA	A	-0.17%
VEEV	C	-0.16%
PPG	F	-0.15%
HSY	F	-0.15%
KEYS	A	-0.15%
CBOE	B	-0.14%
WAT	B	-0.13%
WST	C	-0.12%
FDS	B	-0.12%
EXPD	D	-0.12%
GGG	B	-0.11%
ERIE	D	-0.09%
RS	B	-0.09%
MOH	F	-0.09%
JKHY	D	-0.09%
AVY	D	-0.08%
PAYC	B	-0.08%
SEIC	B	-0.07%
MKTX	D	-0.07%
ENPH	F	-0.06%
SMCI	F	-0.06%
AOS	F	-0.06%
AFG	A	-0.06%
SOLV	C	-0.05%
IPG	D	-0.05%
WBA	F	-0.03%