FLQL vs. SHUS ETF Comparison

Comparison of Franklin LibertyQ U.S. Equity ETF (FLQL) to Syntax Stratified U.S. Total Market Hedged ETF (SHUS)

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

$59.84

Average Daily Volume

83,532

Number of Holdings ^*

210

* may have additional holdings in another (foreign) market

SHUS

Syntax Stratified U.S. Total Market Hedged ETF

SHUS Description

The investment seeks to obtain capital growth that meets or exceeds the performance of the S&P Composite 1500® Index over a full market cycle by investing in ETFs or underlying securities that provide Stratified WeightTM U.S. total equity market exposure to companies in the 1500 while seeking risk-managed growth via a defined risk hedging process. The fund will also invest in index options for risk management purposes and to seek to generate additional returns. Syntax?s Stratified Weight? is designed to correct for business risk concentrations that regularly occur in cap-weighted indices and equal-weighted indices.

Grade (RS Rating)

Last Trade

$44.14

Average Daily Volume

2,728

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	FLQL	SHUS
30 Days	1.15%	1.04%
60 Days	5.14%	5.01%
90 Days	6.51%	5.78%
12 Months	33.05%	19.13%

136 Overlapping Holdings

Symbol	Grade	Weight in FLQL	Weight in SHUS	Overlap
AAPL	C	6.72%	0.49%	0.49%
ABBV	D	1.36%	0.24%	0.24%
ACGL	D	0.26%	0.14%	0.14%
ADI	F	0.33%	0.22%	0.22%
AFL	C	0.22%	0.2%	0.2%
AMAT	F	1.03%	0.17%	0.17%
AMCR	D	0.08%	0.12%	0.08%
AMGN	F	1.19%	0.23%	0.23%
AMZN	A	2.93%	0.21%	0.21%
ANET	C	0.8%	0.21%	0.21%
APA	F	0.07%	0.07%	0.07%
APH	B	0.62%	0.18%	0.18%
AVB	A	0.1%	0.1%	0.1%
AVGO	C	1.87%	0.22%	0.22%
BBY	D	0.11%	0.17%	0.11%
BKNG	A	1.16%	0.13%	0.13%
BRK.A	B	1.07%	0.49%	0.49%
BSX	A	0.8%	0.06%	0.06%
C	A	0.96%	0.13%	0.13%
CAT	C	1.28%	0.14%	0.14%
CB	C	0.53%	0.14%	0.14%
CF	B	0.11%	0.09%	0.09%
CFG	B	0.13%	0.05%	0.05%
CHRW	A	0.1%	0.09%	0.09%
CI	D	0.58%	0.18%	0.18%
CL	F	0.5%	0.4%	0.4%
CMG	B	0.56%	0.49%	0.49%
CMI	A	0.25%	0.08%	0.08%
COST	B	1.68%	0.7%	0.7%
CTAS	A	0.47%	0.17%	0.17%
CTSH	A	0.25%	0.13%	0.13%
DAL	A	0.19%	0.27%	0.19%
DECK	B	0.22%	0.29%	0.22%
DELL	B	0.19%	0.17%	0.17%
DGX	A	0.1%	0.16%	0.1%
DHI	F	0.37%	0.23%	0.23%
DPZ	C	0.11%	0.52%	0.11%
DVA	C	0.1%	0.11%	0.1%
DVN	F	0.08%	0.16%	0.08%
EBAY	C	0.17%	0.22%	0.17%
ELV	F	0.29%	0.24%	0.24%
EMN	D	0.1%	0.05%	0.05%
ESS	C	0.11%	0.1%	0.1%
ETR	B	0.15%	0.25%	0.15%
EXR	D	0.1%	0.11%	0.1%
FANG	D	0.19%	0.07%	0.07%
FAST	A	0.34%	0.12%	0.12%
FICO	B	0.17%	0.03%	0.03%
FOX	A	0.1%	0.1%	0.1%
FOXA	A	0.1%	0.1%	0.1%
GD	A	0.42%	0.16%	0.16%
GLW	C	0.2%	0.19%	0.19%
GM	A	0.35%	0.24%	0.24%
GOOG	B	1.74%	0.22%	0.22%
GOOGL	B	2.05%	0.22%	0.22%
GRMN	A	0.25%	0.32%	0.25%
GS	B	0.6%	0.25%	0.25%
GWW	B	0.38%	0.13%	0.13%
HCA	D	0.51%	0.33%	0.33%
HIG	C	0.19%	0.14%	0.14%
HLT	A	0.32%	0.12%	0.12%
HPE	B	0.21%	0.19%	0.19%
HPQ	B	0.28%	0.34%	0.28%
HWM	A	0.24%	0.07%	0.07%
IBM	C	1.31%	0.33%	0.33%
IP	C	0.13%	0.06%	0.06%
IRM	D	0.18%	0.06%	0.06%
ISRG	A	1.28%	0.12%	0.12%
JNJ	D	1.51%	0.23%	0.23%
JNPR	D	0.09%	0.19%	0.09%
JPM	B	1.18%	0.12%	0.12%
K	A	0.1%	0.18%	0.1%
KLAC	F	0.71%	0.17%	0.17%
KMB	F	0.14%	0.41%	0.14%
LDOS	B	0.21%	0.13%	0.13%
LEN	D	0.3%	0.24%	0.24%
LEN	D	0.09%	0.24%	0.09%
LLY	F	1.46%	0.23%	0.23%
LMT	C	0.42%	0.08%	0.08%
LYB	F	0.16%	0.07%	0.07%
MA	B	1.78%	0.05%	0.05%
MAS	D	0.12%	0.19%	0.12%
MCHP	F	0.24%	0.13%	0.13%
MCO	C	0.56%	0.04%	0.04%
META	B	2.55%	0.46%	0.46%
MO	A	0.79%	0.35%	0.35%
MPWR	F	0.1%	0.21%	0.1%
MRK	F	1.23%	0.24%	0.24%
MSFT	C	5.85%	0.32%	0.32%
MSI	B	0.58%	0.49%	0.49%
NRG	B	0.12%	0.32%	0.12%
NTAP	D	0.21%	0.17%	0.17%
NVDA	B	6.79%	0.13%	0.13%
NVR	D	0.2%	0.3%	0.2%
O	D	0.15%	0.06%	0.06%
OMC	B	0.1%	0.33%	0.1%
ORCL	A	0.88%	0.34%	0.34%
PCAR	B	0.45%	0.12%	0.12%
PEG	C	0.21%	0.25%	0.21%
PH	A	0.52%	0.08%	0.08%
PHM	D	0.22%	0.25%	0.22%
PKG	B	0.14%	0.06%	0.06%
PM	C	0.66%	0.35%	0.35%
PSA	C	0.36%	0.1%	0.1%
QCOM	F	1.21%	0.22%	0.22%
RCL	A	0.17%	0.08%	0.08%
REGN	F	0.63%	0.23%	0.23%
RL	B	0.12%	0.32%	0.12%
RMD	C	0.13%	0.09%	0.09%
ROL	B	0.1%	0.18%	0.1%
RSG	A	0.3%	0.18%	0.18%
RTX	C	0.51%	0.08%	0.08%
SO	D	0.28%	0.08%	0.08%
SPG	B	0.45%	0.06%	0.06%
STLD	B	0.17%	0.27%	0.17%
SWKS	F	0.1%	0.21%	0.1%
SYF	B	0.21%	0.68%	0.21%
SYK	A	0.89%	0.12%	0.12%
T	A	1.01%	0.33%	0.33%
TER	F	0.09%	0.16%	0.09%
TJX	B	0.92%	0.71%	0.71%
TMUS	A	0.58%	0.33%	0.33%
TSCO	C	0.15%	0.12%	0.12%
TSLA	B	1.14%	0.27%	0.27%
TT	A	0.65%	0.08%	0.08%
TXN	C	1.27%	0.22%	0.22%
UHS	D	0.1%	0.32%	0.1%
UNH	B	0.54%	0.25%	0.25%
URI	B	0.39%	0.14%	0.14%
VICI	D	0.1%	0.06%	0.06%
VRTX	B	0.97%	0.23%	0.23%
VZ	C	1.16%	0.32%	0.32%
WAB	A	0.17%	0.13%	0.13%
WM	A	0.67%	0.18%	0.18%
WMT	A	1.64%	0.72%	0.72%
XOM	B	0.62%	0.75%	0.62%

FLQL Overweight 74 Positions Relative to SHUS

Symbol	Grade	Weight
LRCX	F	0.7%
APP	B	0.4%
SPOT	A	0.18%
LII	B	0.15%
WSM	F	0.15%
CSL	B	0.15%
TPL	B	0.15%
EVR	B	0.13%
TOL	C	0.13%
CW	B	0.12%
JEF	A	0.12%
AWI	B	0.12%
DTM	B	0.12%
UTHR	B	0.12%
EME	B	0.12%
AYI	B	0.12%
THC	B	0.12%
OC	A	0.12%
ALSN	A	0.12%
FIX	B	0.12%
WSO	A	0.12%
CUZ	C	0.11%
RGA	A	0.11%
LNC	B	0.11%
EHC	A	0.11%
BJ	B	0.11%
PPC	B	0.11%
KRC	C	0.11%
CASY	B	0.11%
INGR	B	0.11%
TXRH	A	0.11%
R	A	0.11%
G	B	0.11%
LOPE	B	0.11%
CACI	C	0.11%
JHG	B	0.11%
TNL	A	0.11%
AVT	C	0.1%
MEDP	C	0.1%
NFG	C	0.1%
SCCO	F	0.1%
HIW	D	0.1%
ADC	A	0.1%
DKS	F	0.1%
OHI	C	0.1%
LAMR	D	0.1%
AXS	A	0.1%
RGLD	C	0.1%
KEX	B	0.1%
MUSA	B	0.1%
CLH	B	0.1%
NNN	F	0.09%
GLPI	D	0.09%
CHE	D	0.09%
EPR	D	0.09%
UGI	D	0.09%
HRB	D	0.09%
MTG	C	0.09%
NEU	C	0.09%
M	D	0.09%
GPK	D	0.09%
PK	B	0.09%
GAP	B	0.09%
SNX	C	0.09%
SSNC	C	0.09%
CRI	D	0.08%
WING	D	0.08%
COKE	C	0.08%
CIVI	F	0.08%
WU	F	0.08%
MDU	F	0.07%
CROX	F	0.07%
OGN	F	0.07%
CRUS	F	0.07%

FLQL Underweight 365 Positions Relative to SHUS

Symbol	Grade	Weight
CVX	B	-0.75%
KR	A	-0.73%
SYY	B	-0.73%
ROST	F	-0.71%
COF	B	-0.69%
CVS	F	-0.68%
DFS	B	-0.68%
WBA	D	-0.63%
CMCSA	B	-0.51%
PSX	D	-0.5%
DRI	B	-0.5%
YUM	B	-0.5%
L	A	-0.49%
EL	F	-0.49%
VLO	D	-0.49%
MCD	C	-0.49%
SBUX	B	-0.48%
EA	A	-0.48%
MPC	D	-0.48%
TTWO	A	-0.48%
MTCH	F	-0.46%
CHTR	B	-0.46%
CLX	A	-0.41%
KVUE	B	-0.41%
PG	C	-0.41%
BWA	B	-0.41%
CHD	B	-0.41%
VST	B	-0.4%
PWR	B	-0.4%
APTV	D	-0.39%
J	B	-0.39%
CEG	D	-0.38%
JBL	C	-0.37%
HRL	F	-0.36%
ADM	F	-0.36%
BG	D	-0.36%
BKR	B	-0.35%
CRM	B	-0.35%
TSN	C	-0.35%
SLB	C	-0.34%
SNPS	B	-0.34%
NKE	F	-0.33%
IPG	F	-0.33%
CDNS	B	-0.33%
HAL	C	-0.33%
AWK	D	-0.32%
ATO	A	-0.32%
NI	A	-0.32%
TPR	B	-0.32%
AES	F	-0.31%
LULU	C	-0.3%
FCX	F	-0.29%
EXC	C	-0.29%
UAL	B	-0.28%
VRSN	C	-0.27%
MS	A	-0.26%
HUM	D	-0.26%
HUBB	B	-0.26%
ETN	A	-0.26%
EQIX	B	-0.26%
SWK	F	-0.26%
DLR	C	-0.26%
GDDY	A	-0.26%
AKAM	F	-0.26%
ZTS	D	-0.25%
STZ	D	-0.25%
MOH	F	-0.25%
LUV	B	-0.25%
KMI	B	-0.25%
MNST	B	-0.25%
TAP	B	-0.25%
SNA	A	-0.25%
BMY	B	-0.25%
INCY	B	-0.25%
SCHW	A	-0.25%
CNP	B	-0.25%
RJF	A	-0.25%
LOW	B	-0.25%
ENPH	F	-0.25%
NUE	C	-0.25%
HAS	D	-0.25%
HD	B	-0.25%
CNC	F	-0.25%
AEP	D	-0.24%
D	D	-0.24%
TRGP	B	-0.24%
OKE	A	-0.24%
FE	D	-0.24%
VTRS	B	-0.24%
ED	D	-0.24%
KDP	D	-0.24%
PFE	F	-0.24%
BIIB	F	-0.24%
NEE	D	-0.24%
WMB	B	-0.24%
NEM	F	-0.24%
KO	F	-0.24%
F	C	-0.24%
DTE	D	-0.24%
GILD	C	-0.24%
CTLT	D	-0.24%
EIX	C	-0.24%
NXPI	F	-0.23%
MRNA	F	-0.23%
LW	C	-0.22%
DAY	C	-0.22%
NOW	A	-0.22%
NFLX	A	-0.22%
PLTR	B	-0.22%
CPRT	A	-0.22%
ON	F	-0.22%
KHC	F	-0.21%
CSCO	A	-0.21%
AOS	F	-0.21%
MKC	D	-0.21%
QRVO	F	-0.21%
SJM	F	-0.21%
MET	C	-0.21%
GIS	F	-0.21%
CAG	F	-0.21%
ADP	A	-0.21%
PAYX	B	-0.21%
PAYC	B	-0.21%
TYL	B	-0.21%
IR	A	-0.2%
IEX	B	-0.2%
PARA	C	-0.2%
FFIV	A	-0.2%
CPB	F	-0.2%
ERIE	F	-0.2%
AIZ	A	-0.2%
INTU	A	-0.2%
HSIC	F	-0.2%
FSLR	F	-0.2%
PRU	B	-0.2%
KEYS	C	-0.2%
DIS	B	-0.2%
PFG	C	-0.2%
CAH	A	-0.19%
TEL	B	-0.19%
XYL	D	-0.19%
PGR	A	-0.19%
WBD	B	-0.19%
BBWI	C	-0.19%
PNR	A	-0.19%
ALL	A	-0.19%
BLDR	D	-0.19%
GL	B	-0.19%
AIG	B	-0.19%
CRWD	B	-0.18%
EQT	B	-0.18%
GEV	B	-0.18%
MDLZ	F	-0.18%
COR	A	-0.18%
MCK	A	-0.18%
MHK	D	-0.18%
TGT	C	-0.17%
MMM	C	-0.17%
ANSS	B	-0.17%
DG	F	-0.17%
GE	C	-0.17%
FTNT	B	-0.17%
MLM	B	-0.17%
DOV	A	-0.17%
GEN	A	-0.17%
ITW	A	-0.17%
WY	F	-0.17%
CTRA	B	-0.17%
DLTR	F	-0.17%
PTC	B	-0.17%
VMC	B	-0.17%
STX	D	-0.17%
WDC	D	-0.17%
HSY	D	-0.17%
PEP	D	-0.17%
ULTA	C	-0.17%
PANW	A	-0.16%
INTC	C	-0.16%
BA	F	-0.16%
LH	A	-0.16%
TXT	C	-0.16%
HON	B	-0.16%
ADSK	A	-0.16%
TECH	B	-0.15%
AZO	C	-0.15%
GPC	D	-0.15%
A	F	-0.15%
WAT	A	-0.15%
SMCI	F	-0.15%
MU	D	-0.15%
ADBE	C	-0.15%
MTD	F	-0.14%
CRL	C	-0.14%
CINF	A	-0.14%
TRV	B	-0.14%
AMD	F	-0.14%
EG	D	-0.14%
ORLY	A	-0.14%
KMX	C	-0.14%
LKQ	D	-0.14%
TMO	F	-0.14%
IT	A	-0.13%
EPAM	B	-0.13%
POOL	D	-0.13%
WFC	A	-0.13%
DE	D	-0.13%
ACN	C	-0.13%
ZBRA	A	-0.13%
WRB	B	-0.13%
IQV	F	-0.13%
ABNB	C	-0.12%
MAR	A	-0.12%
EXPE	B	-0.12%
STE	F	-0.12%
CDW	F	-0.12%
BAC	A	-0.12%
BALL	D	-0.12%
ZBH	C	-0.12%
AME	A	-0.12%
VTR	C	-0.11%
WELL	B	-0.11%
DOC	C	-0.11%
BR	A	-0.11%
BXP	D	-0.11%
HST	C	-0.11%
BK	B	-0.11%
UBER	F	-0.11%
STT	B	-0.11%
HOLX	D	-0.1%
PODD	B	-0.1%
NWSA	B	-0.1%
DHR	F	-0.1%
NWS	B	-0.1%
RVTY	C	-0.1%
INVH	D	-0.1%
EQR	C	-0.1%
UDR	C	-0.1%
GEHC	F	-0.1%
ALGN	F	-0.1%
MAA	C	-0.1%
ARE	F	-0.1%
CPT	C	-0.1%
AXON	B	-0.09%
EXPD	D	-0.09%
KKR	B	-0.09%
CCL	A	-0.09%
AMP	A	-0.09%
NCLH	B	-0.09%
BLK	B	-0.09%
IVZ	C	-0.09%
LYV	B	-0.09%
DXCM	C	-0.09%
IDXX	D	-0.09%
PPL	A	-0.08%
EVRG	A	-0.08%
CARR	C	-0.08%
LNT	C	-0.08%
AEE	A	-0.08%
JCI	A	-0.08%
GNRC	B	-0.08%
UNP	C	-0.08%
WYNN	F	-0.08%
NSC	B	-0.08%
OTIS	C	-0.08%
HII	D	-0.08%
NOC	C	-0.08%
BX	A	-0.08%
ODFL	B	-0.08%
NTRS	A	-0.08%
LVS	C	-0.08%
MOS	D	-0.08%
JBHT	B	-0.08%
CSX	B	-0.08%
CTVA	C	-0.08%
LHX	A	-0.08%
FMC	F	-0.08%
BEN	C	-0.08%
TROW	B	-0.08%
UPS	C	-0.08%
SW	C	-0.07%
OXY	D	-0.07%
PPG	F	-0.07%
CZR	F	-0.07%
COP	C	-0.07%
MGM	D	-0.07%
MRO	B	-0.07%
EOG	A	-0.07%
DOW	F	-0.07%
HES	C	-0.07%
PNW	B	-0.07%
CE	F	-0.07%
ALLE	D	-0.07%
DUK	D	-0.07%
WEC	B	-0.07%
ES	D	-0.07%
FDX	B	-0.07%
PCG	A	-0.07%
SRE	A	-0.07%
XEL	A	-0.07%
CMS	C	-0.07%
FI	A	-0.06%
KEY	B	-0.06%
RF	B	-0.06%
PNC	B	-0.06%
MTB	B	-0.06%
EW	D	-0.06%
ABT	C	-0.06%
MDT	D	-0.06%
PYPL	A	-0.06%
AMT	F	-0.06%
KIM	A	-0.06%
REG	A	-0.06%
AVY	F	-0.06%
FRT	C	-0.06%
PLD	D	-0.06%
SBAC	D	-0.06%
CCI	F	-0.06%
TDG	B	-0.06%
SHW	A	-0.06%
AXP	B	-0.05%
APD	B	-0.05%
SOLV	D	-0.05%
IFF	F	-0.05%
ECL	C	-0.05%
BAX	F	-0.05%
WST	B	-0.05%
BDX	D	-0.05%
TFX	F	-0.05%
ALB	B	-0.05%
DD	D	-0.05%
FIS	B	-0.05%
JKHY	C	-0.05%
HBAN	B	-0.05%
TFC	B	-0.05%
USB	A	-0.05%
FITB	A	-0.05%
EFX	D	-0.04%
WTW	A	-0.04%
AON	A	-0.04%
CBRE	A	-0.04%
CSGP	D	-0.04%
GPN	B	-0.04%
SPGI	C	-0.04%
CBOE	D	-0.04%
VRSK	A	-0.04%
ICE	D	-0.04%
FDS	A	-0.04%
V	A	-0.04%
NDAQ	A	-0.04%
CPAY	A	-0.04%
MKTX	C	-0.04%
CME	A	-0.04%
LIN	D	-0.04%
MSCI	B	-0.04%
ROK	B	-0.03%
VLTO	C	-0.03%
EMR	A	-0.03%
NDSN	B	-0.03%
FTV	D	-0.03%
TRMB	B	-0.03%
TDY	A	-0.03%
ROP	A	-0.03%
AJG	A	-0.03%
MMC	C	-0.03%
BRO	A	-0.03%