FLQL vs. SPY ETF Comparison

Comparison of Franklin LibertyQ U.S. Equity ETF (FLQL) to SPDR S&P 500 (SPY)

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

$57.34

Average Daily Volume

53,859

Number of Holdings ^*

210

* may have additional holdings in another (foreign) market

SPY

SPDR S&P 500

SPY Description

The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. The Trust holds the Portfolio and cash and is not actively "managed" by traditional methods. To maintain the correspondence between the composition and weightings of Portfolio Securities and component stocks of the S&P 500 Index, the Trustee adjusts the Portfolio from time to time to conform to periodic changes in the identity and/or relative weightings of Index Securities.

Grade (RS Rating)

Last Trade

$567.16

Average Daily Volume

51,453,478

Number of Holdings ^*

497

* may have additional holdings in another (foreign) market

Performance

Period	FLQL	SPY
30 Days	0.58%	1.23%
60 Days	4.87%	7.08%
90 Days	2.56%	3.47%
12 Months	36.70%	36.76%

137 Overlapping Holdings

Symbol	Grade	Weight in FLQL	Weight in SPY	Overlap
AAPL	C	7.04%	7.11%	7.04%
ABBV	A	1.56%	0.7%	0.7%
ACGL	A	0.3%	0.09%	0.09%
ADI	C	0.35%	0.24%	0.24%
AFL	A	0.23%	0.11%	0.11%
AMAT	B	1.11%	0.36%	0.36%
AMCR	B	0.1%	0.03%	0.03%
AMGN	D	1.26%	0.35%	0.35%
AMZN	C	2.84%	3.67%	2.84%
ANET	A	0.81%	0.2%	0.2%
APA	F	0.09%	0.02%	0.02%
APH	D	0.58%	0.16%	0.16%
AVB	C	0.1%	0.07%	0.07%
AVGO	C	1.89%	1.7%	1.7%
BBY	B	0.13%	0.04%	0.04%
BKNG	C	1.0%	0.29%	0.29%
BRK.A	C	1.06%	1.71%	1.06%
BSX	A	0.78%	0.25%	0.25%
C	B	0.87%	0.24%	0.24%
CAT	A	1.29%	0.39%	0.39%
CB	A	0.57%	0.22%	0.22%
CF	A	0.11%	0.03%	0.03%
CFG	D	0.12%	0.04%	0.04%
CHRW	A	0.1%	0.03%	0.03%
CI	D	0.62%	0.2%	0.2%
CL	D	0.58%	0.17%	0.17%
CMG	C	0.57%	0.16%	0.16%
CMI	B	0.23%	0.09%	0.09%
COST	C	1.68%	0.82%	0.82%
CTAS	B	0.44%	0.15%	0.15%
CTSH	B	0.24%	0.08%	0.08%
DAL	C	0.15%	0.07%	0.07%
DECK	B	0.2%	0.05%	0.05%
DELL	C	0.17%	0.07%	0.07%
DGX	B	0.09%	0.04%	0.04%
DHI	C	0.44%	0.11%	0.11%
DPZ	D	0.11%	0.03%	0.03%
DVA	C	0.11%	0.02%	0.02%
DVN	F	0.09%	0.05%	0.05%
EBAY	A	0.18%	0.06%	0.06%
ELV	F	0.38%	0.25%	0.25%
EMN	C	0.1%	0.03%	0.03%
ESS	C	0.11%	0.04%	0.04%
ETR	A	0.14%	0.06%	0.06%
EXR	C	0.12%	0.08%	0.08%
FANG	D	0.2%	0.06%	0.06%
FAST	B	0.3%	0.08%	0.08%
FICO	A	0.15%	0.1%	0.1%
FOX	A	0.1%	0.01%	0.01%
FOXA	A	0.1%	0.02%	0.02%
GD	A	0.42%	0.16%	0.16%
GLW	B	0.19%	0.07%	0.07%
GM	D	0.31%	0.11%	0.11%
GOOG	B	1.62%	1.62%	1.62%
GOOGL	B	1.9%	1.96%	1.9%
GRMN	D	0.21%	0.06%	0.06%
GS	C	0.51%	0.32%	0.32%
GWW	A	0.33%	0.1%	0.1%
HCA	B	0.59%	0.15%	0.15%
HIG	A	0.19%	0.07%	0.07%
HLT	A	0.31%	0.12%	0.12%
HPE	B	0.19%	0.05%	0.05%
HPQ	C	0.28%	0.07%	0.07%
HWM	A	0.22%	0.08%	0.08%
IBM	B	1.41%	0.42%	0.42%
IP	C	0.11%	0.04%	0.04%
IRM	A	0.19%	0.07%	0.07%
ISRG	A	1.2%	0.35%	0.35%
JNJ	D	1.65%	0.8%	0.8%
JNPR	B	0.1%	0.03%	0.03%
JPM	D	1.07%	1.23%	1.07%
K	B	0.1%	0.04%	0.04%
KLAC	B	0.85%	0.22%	0.22%
KMB	B	0.15%	0.1%	0.1%
LDOS	A	0.16%	0.04%	0.04%
LEN	B	0.33%	0.09%	0.09%
LEN	B	0.1%	0.09%	0.09%
LLY	D	1.68%	1.47%	1.47%
LMT	A	0.44%	0.25%	0.25%
LRCX	D	0.75%	0.23%	0.23%
LYB	D	0.18%	0.05%	0.05%
MA	A	1.69%	0.83%	0.83%
MAS	A	0.13%	0.04%	0.04%
MCHP	F	0.27%	0.09%	0.09%
MCO	D	0.58%	0.15%	0.15%
META	A	2.56%	2.55%	2.55%
MO	D	0.77%	0.18%	0.18%
MPWR	B	0.14%	0.09%	0.09%
MRK	F	1.45%	0.59%	0.59%
MSFT	D	6.21%	6.59%	6.21%
MSI	A	0.53%	0.15%	0.15%
NRG	A	0.11%	0.04%	0.04%
NTAP	D	0.22%	0.05%	0.05%
NVDA	C	5.84%	6.27%	5.84%
NVR	A	0.23%	0.06%	0.06%
O	A	0.17%	0.11%	0.11%
OMC	C	0.1%	0.04%	0.04%
ORCL	B	0.8%	0.55%	0.55%
PCAR	D	0.4%	0.11%	0.11%
PEG	A	0.22%	0.09%	0.09%
PH	A	0.47%	0.17%	0.17%
PHM	A	0.25%	0.06%	0.06%
PKG	C	0.13%	0.04%	0.04%
PM	C	0.66%	0.39%	0.39%
PSA	C	0.4%	0.12%	0.12%
QCOM	D	1.25%	0.4%	0.4%
RCL	C	0.13%	0.09%	0.09%
REGN	D	0.82%	0.23%	0.23%
RL	B	0.11%	0.02%	0.02%
RMD	C	0.14%	0.07%	0.07%
ROL	B	0.1%	0.03%	0.03%
RSG	D	0.3%	0.08%	0.08%
RTX	A	0.51%	0.33%	0.33%
SO	A	0.3%	0.2%	0.2%
SPG	A	0.44%	0.1%	0.1%
STLD	B	0.15%	0.04%	0.04%
SWKS	F	0.11%	0.03%	0.03%
SYF	B	0.16%	0.04%	0.04%
SYK	C	0.88%	0.25%	0.25%
T	A	1.01%	0.32%	0.32%
TER	C	0.11%	0.05%	0.05%
TJX	C	0.94%	0.27%	0.27%
TMUS	A	0.5%	0.2%	0.2%
TSCO	A	0.15%	0.06%	0.06%
TSLA	C	0.86%	1.45%	0.86%
TT	A	0.62%	0.18%	0.18%
TXN	C	1.24%	0.39%	0.39%
UHS	D	0.12%	0.03%	0.03%
UNH	B	0.51%	1.09%	0.51%
URI	C	0.37%	0.11%	0.11%
VICI	C	0.11%	0.07%	0.07%
VRTX	D	0.92%	0.25%	0.25%
VZ	A	1.32%	0.39%	0.39%
WAB	A	0.16%	0.07%	0.07%
WM	B	0.64%	0.15%	0.15%
WMT	A	1.63%	0.71%	0.71%
XOM	A	0.62%	1.03%	0.62%

FLQL Overweight 73 Positions Relative to SPY

Symbol	Grade	Weight
APP	A	0.19%
WSM	B	0.18%
SPOT	B	0.17%
LII	C	0.15%
CSL	A	0.15%
THC	C	0.13%
TOL	A	0.13%
WSO	C	0.12%
RGA	C	0.11%
TPL	B	0.11%
EVR	C	0.11%
FIX	A	0.11%
LAMR	C	0.11%
KRC	C	0.11%
SCCO	B	0.11%
UTHR	C	0.11%
DKS	D	0.11%
OC	C	0.11%
GPK	C	0.1%
NEU	F	0.1%
LNC	D	0.1%
GLPI	A	0.1%
WU	D	0.1%
MTG	B	0.1%
PK	D	0.1%
UGI	C	0.1%
SSNC	C	0.1%
DTM	A	0.1%
MEDP	F	0.1%
G	A	0.1%
AXS	A	0.1%
INGR	A	0.1%
HRB	C	0.1%
CHE	C	0.1%
ALSN	A	0.1%
LOPE	D	0.1%
CROX	C	0.1%
CRI	D	0.1%
ADC	B	0.1%
NFG	A	0.1%
RGLD	C	0.1%
NNN	A	0.1%
TNL	B	0.1%
JHG	C	0.1%
CW	A	0.1%
EHC	B	0.1%
BJ	D	0.1%
OHI	C	0.1%
CACI	A	0.1%
R	C	0.1%
EPR	C	0.1%
CASY	D	0.1%
CLH	C	0.1%
TXRH	A	0.1%
WING	B	0.1%
HIW	C	0.1%
KEX	C	0.1%
AYI	A	0.1%
JEF	A	0.1%
CUZ	C	0.1%
EME	C	0.1%
MDU	C	0.1%
AWI	A	0.1%
CIVI	F	0.09%
OGN	F	0.09%
COKE	B	0.09%
GAP	F	0.09%
PPC	B	0.09%
SNX	C	0.09%
M	F	0.09%
AVT	C	0.09%
MUSA	D	0.08%
CRUS	D	0.08%

FLQL Underweight 361 Positions Relative to SPY

Symbol	Grade	Weight
V	C	-0.93%
PG	C	-0.84%
HD	A	-0.81%
NFLX	A	-0.63%
KO	C	-0.57%
AMD	D	-0.56%
BAC	D	-0.55%
CRM	B	-0.55%
CVX	B	-0.5%
TMO	C	-0.49%
LIN	B	-0.48%
PEP	D	-0.48%
ADBE	F	-0.47%
ACN	B	-0.46%
MCD	A	-0.45%
CSCO	A	-0.44%
GE	C	-0.41%
ABT	B	-0.4%
WFC	D	-0.39%
DHR	C	-0.37%
INTU	F	-0.37%
NOW	C	-0.37%
NEE	A	-0.35%
DIS	D	-0.35%
SPGI	C	-0.34%
PFE	D	-0.34%
CMCSA	B	-0.33%
UBER	C	-0.33%
AXP	A	-0.31%
LOW	A	-0.31%
PGR	C	-0.3%
UNP	D	-0.3%
HON	C	-0.28%
MS	B	-0.27%
BLK	A	-0.27%
ETN	C	-0.27%
MU	D	-0.25%
MDT	B	-0.24%
PLD	D	-0.24%
COP	D	-0.24%
PANW	D	-0.23%
MMC	D	-0.23%
SBUX	B	-0.23%
BX	C	-0.23%
ADP	A	-0.23%
DE	A	-0.22%
NKE	D	-0.22%
AMT	C	-0.22%
BMY	B	-0.21%
INTC	D	-0.21%
FI	A	-0.21%
GILD	A	-0.21%
SCHW	D	-0.2%
UPS	D	-0.2%
MDLZ	C	-0.2%
BA	F	-0.19%
ICE	A	-0.19%
ZTS	C	-0.18%
KKR	A	-0.18%
DUK	A	-0.18%
SHW	B	-0.18%
PYPL	C	-0.17%
EQIX	B	-0.17%
MMM	C	-0.16%
TDG	A	-0.16%
CME	A	-0.16%
SNPS	F	-0.16%
CEG	B	-0.16%
USB	C	-0.15%
ITW	A	-0.15%
NOC	B	-0.15%
TGT	C	-0.15%
PNC	C	-0.15%
WELL	C	-0.15%
CVS	D	-0.15%
FCX	B	-0.15%
PLTR	A	-0.15%
CDNS	D	-0.15%
AON	A	-0.15%
CSX	D	-0.14%
APD	C	-0.14%
CARR	A	-0.14%
ORLY	A	-0.14%
EOG	B	-0.14%
BDX	B	-0.14%
GEV	B	-0.14%
AJG	D	-0.13%
NXPI	F	-0.13%
MCK	F	-0.13%
EMR	B	-0.13%
NEM	C	-0.13%
ECL	B	-0.13%
CRWD	D	-0.13%
COF	C	-0.12%
TFC	D	-0.12%
ABNB	D	-0.12%
SLB	D	-0.12%
MAR	B	-0.12%
ADSK	B	-0.12%
ROP	C	-0.12%
FDX	D	-0.12%
JCI	B	-0.11%
SRE	A	-0.11%
OKE	B	-0.11%
BK	C	-0.11%
AEP	C	-0.11%
TRV	C	-0.11%
AZO	D	-0.11%
WMB	A	-0.11%
MPC	F	-0.11%
PSX	D	-0.11%
NSC	C	-0.11%
AIG	F	-0.1%
D	A	-0.1%
MET	A	-0.1%
FTNT	A	-0.1%
ALL	B	-0.1%
DLR	C	-0.1%
CCI	C	-0.1%
ROST	C	-0.1%
OTIS	A	-0.09%
F	D	-0.09%
KMI	A	-0.09%
IDXX	D	-0.09%
PCG	B	-0.09%
PAYX	A	-0.09%
A	B	-0.09%
PRU	C	-0.09%
PWR	B	-0.09%
VLO	F	-0.09%
LHX	A	-0.09%
KVUE	C	-0.09%
MSCI	B	-0.09%
FIS	C	-0.09%
TEL	D	-0.09%
CPRT	B	-0.09%
AMP	A	-0.09%
MNST	D	-0.08%
KR	C	-0.08%
ODFL	D	-0.08%
CBRE	A	-0.08%
DD	B	-0.08%
HUM	F	-0.08%
VRSK	D	-0.08%
SYY	B	-0.08%
DOW	B	-0.08%
CNC	F	-0.08%
YUM	A	-0.08%
IR	A	-0.08%
VST	A	-0.08%
GEHC	C	-0.08%
EW	F	-0.08%
KDP	C	-0.08%
IT	C	-0.08%
AME	D	-0.08%
EXC	A	-0.08%
STZ	B	-0.08%
CTVA	A	-0.08%
IQV	F	-0.08%
GIS	C	-0.08%
MTD	B	-0.07%
TRGP	B	-0.07%
XYL	C	-0.07%
MLM	D	-0.07%
VMC	D	-0.07%
EIX	A	-0.07%
OXY	F	-0.07%
EA	D	-0.07%
BKR	B	-0.07%
DFS	C	-0.07%
ED	A	-0.07%
XEL	A	-0.07%
NUE	D	-0.07%
EFX	C	-0.07%
HES	D	-0.07%
IFF	C	-0.06%
DXCM	F	-0.06%
FSLR	C	-0.06%
VLTO	A	-0.06%
FTV	B	-0.06%
KEYS	B	-0.06%
AWK	B	-0.06%
HSY	D	-0.06%
BIIB	F	-0.06%
AXON	A	-0.06%
ANSS	D	-0.06%
ADM	D	-0.06%
FITB	C	-0.06%
MTB	C	-0.06%
WTW	B	-0.06%
WEC	A	-0.06%
NDAQ	C	-0.06%
CDW	D	-0.06%
CSGP	F	-0.06%
KHC	D	-0.06%
CHTR	D	-0.06%
ROK	D	-0.06%
LULU	D	-0.06%
PPG	D	-0.06%
ON	F	-0.06%
ZBH	F	-0.05%
GDDY	D	-0.05%
BLDR	B	-0.05%
WST	D	-0.05%
FE	B	-0.05%
RJF	B	-0.05%
AEE	A	-0.05%
HUBB	A	-0.05%
WDC	C	-0.05%
STX	B	-0.05%
STE	D	-0.05%
EL	D	-0.05%
ES	C	-0.05%
PPL	A	-0.05%
WY	B	-0.05%
TROW	D	-0.05%
BRO	A	-0.05%
SW	C	-0.05%
HAL	F	-0.05%
TYL	B	-0.05%
BR	B	-0.05%
TTWO	F	-0.05%
GPN	F	-0.05%
CHD	C	-0.05%
EQR	C	-0.05%
SBAC	B	-0.05%
DTE	A	-0.05%
STT	C	-0.05%
VTR	C	-0.05%
DOV	C	-0.05%
CAH	B	-0.05%
CTRA	D	-0.04%
WRB	B	-0.04%
LVS	B	-0.04%
FDS	C	-0.04%
ALGN	D	-0.04%
AVY	C	-0.04%
LUV	B	-0.04%
EXPD	C	-0.04%
NTRS	C	-0.04%
PFG	C	-0.04%
EXPE	B	-0.04%
WBD	D	-0.04%
MAA	C	-0.04%
HOLX	D	-0.04%
CNP	B	-0.04%
CCL	C	-0.04%
ARE	D	-0.04%
DG	F	-0.04%
ZBRA	A	-0.04%
APTV	D	-0.04%
UAL	B	-0.04%
J	D	-0.04%
ULTA	D	-0.04%
GPC	D	-0.04%
BAX	D	-0.04%
MOH	D	-0.04%
DRI	C	-0.04%
INVH	D	-0.04%
CLX	B	-0.04%
SMCI	F	-0.04%
BALL	C	-0.04%
TDY	A	-0.04%
CMS	A	-0.04%
RF	C	-0.04%
MKC	C	-0.04%
CINF	A	-0.04%
EQT	B	-0.04%
WAT	B	-0.04%
HBAN	D	-0.04%
ATO	A	-0.04%
CPAY	A	-0.04%
CBOE	A	-0.04%
MRNA	F	-0.04%
PTC	D	-0.04%
KMX	F	-0.03%
TECH	C	-0.03%
ALLE	A	-0.03%
JKHY	A	-0.03%
SJM	C	-0.03%
HST	D	-0.03%
FFIV	B	-0.03%
CPT	C	-0.03%
ERIE	A	-0.03%
UDR	C	-0.03%
BG	F	-0.03%
JBHT	D	-0.03%
VTRS	D	-0.03%
AES	B	-0.03%
EVRG	C	-0.03%
POOL	B	-0.03%
NDSN	B	-0.03%
L	D	-0.03%
JBL	D	-0.03%
MRO	D	-0.03%
DLTR	F	-0.03%
TRMB	B	-0.03%
AKAM	D	-0.03%
SNA	A	-0.03%
CE	D	-0.03%
NI	A	-0.03%
KEY	C	-0.03%
LNT	A	-0.03%
ENPH	D	-0.03%
KIM	C	-0.03%
CAG	D	-0.03%
VRSN	B	-0.03%
DOC	C	-0.03%
PNR	C	-0.03%
IEX	D	-0.03%
TXT	F	-0.03%
PODD	C	-0.03%
SWK	A	-0.03%
EG	B	-0.03%
LYV	A	-0.03%
TSN	D	-0.03%
IVZ	A	-0.02%
PAYC	D	-0.02%
BWA	B	-0.02%
MHK	B	-0.02%
FMC	B	-0.02%
MOS	D	-0.02%
WYNN	B	-0.02%
FRT	D	-0.02%
MGM	D	-0.02%
CZR	B	-0.02%
HSIC	D	-0.02%
GNRC	B	-0.02%
HRL	F	-0.02%
NCLH	C	-0.02%
DAY	B	-0.02%
SOLV	C	-0.02%
HAS	A	-0.02%
LW	D	-0.02%
MTCH	B	-0.02%
MKTX	C	-0.02%
TAP	D	-0.02%
CPB	D	-0.02%
GL	C	-0.02%
QRVO	F	-0.02%
NWSA	D	-0.02%
PNW	A	-0.02%
HII	F	-0.02%
CRL	F	-0.02%
AIZ	A	-0.02%
INCY	B	-0.02%
LKQ	F	-0.02%
AOS	B	-0.02%
TPR	B	-0.02%
CTLT	A	-0.02%
ALB	D	-0.02%
EPAM	F	-0.02%
TFX	C	-0.02%
REG	C	-0.02%
BXP	C	-0.02%
IPG	C	-0.02%
NWS	D	-0.01%
WBA	F	-0.01%
PARA	F	-0.01%
BEN	F	-0.01%
BBWI	F	-0.01%