FLQL vs. SPYV ETF Comparison

Comparison of Franklin LibertyQ U.S. Equity ETF (FLQL) to SPDR S&P 500 Value ETF (based on S&P 500 Value Index) (SPYV)

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

$59.53

Average Daily Volume

83,974

Number of Holdings ^*

210

* may have additional holdings in another (foreign) market

SPYV

SPDR S&P 500 Value ETF (based on S&P 500 Value Index)

SPYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P 500 Value Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the large-capitalization value sector in the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.70

Average Daily Volume

2,491,997

Number of Holdings ^*

432

* may have additional holdings in another (foreign) market

Performance

Period	FLQL	SPYV
30 Days	1.38%	0.56%
60 Days	4.49%	3.68%
90 Days	5.86%	5.93%
12 Months	32.28%	26.12%

108 Overlapping Holdings

Symbol	Grade	Weight in FLQL	Weight in SPYV	Overlap
ABBV	F	1.36%	1.04%	1.04%
ADI	D	0.33%	0.22%	0.22%
AFL	C	0.22%	0.25%	0.22%
AMCR	D	0.08%	0.07%	0.07%
AMGN	F	1.19%	0.81%	0.81%
APH	B	0.62%	0.18%	0.18%
AVB	B	0.1%	0.15%	0.1%
BBY	C	0.11%	0.08%	0.08%
BRK.A	B	1.07%	3.94%	1.07%
BSX	A	0.8%	0.27%	0.27%
C	B	0.96%	0.61%	0.61%
CAT	B	1.28%	0.39%	0.39%
CB	C	0.53%	0.49%	0.49%
CF	B	0.11%	0.03%	0.03%
CFG	B	0.13%	0.1%	0.1%
CHRW	A	0.1%	0.06%	0.06%
CI	D	0.58%	0.42%	0.42%
CL	F	0.5%	0.21%	0.21%
CMI	A	0.25%	0.23%	0.23%
COST	B	1.68%	1.1%	1.1%
CTAS	B	0.47%	0.16%	0.16%
CTSH	A	0.25%	0.19%	0.19%
DAL	A	0.19%	0.08%	0.08%
DELL	C	0.19%	0.09%	0.09%
DGX	B	0.1%	0.08%	0.08%
DPZ	C	0.11%	0.04%	0.04%
DVA	C	0.1%	0.01%	0.01%
DVN	F	0.08%	0.11%	0.08%
EBAY	C	0.17%	0.14%	0.14%
ELV	F	0.29%	0.47%	0.29%
EMN	D	0.1%	0.06%	0.06%
ESS	C	0.11%	0.09%	0.09%
ETR	B	0.15%	0.15%	0.15%
EXR	D	0.1%	0.16%	0.1%
FAST	B	0.34%	0.11%	0.11%
FOX	A	0.1%	0.03%	0.03%
FOXA	A	0.1%	0.05%	0.05%
GD	C	0.42%	0.37%	0.37%
GLW	B	0.2%	0.17%	0.17%
GM	B	0.35%	0.29%	0.29%
GRMN	A	0.25%	0.07%	0.07%
GS	B	0.6%	0.86%	0.6%
GWW	B	0.38%	0.06%	0.06%
HCA	D	0.51%	0.16%	0.16%
HIG	C	0.19%	0.16%	0.16%
HPE	B	0.21%	0.13%	0.13%
HPQ	B	0.28%	0.17%	0.17%
HWM	B	0.24%	0.09%	0.09%
IBM	D	1.31%	0.92%	0.92%
IP	B	0.13%	0.09%	0.09%
IRM	D	0.18%	0.08%	0.08%
ISRG	A	1.28%	0.3%	0.3%
JNJ	D	1.51%	1.76%	1.51%
JNPR	D	0.09%	0.06%	0.06%
JPM	A	1.18%	3.14%	1.18%
K	A	0.1%	0.1%	0.1%
KMB	D	0.14%	0.21%	0.14%
LDOS	C	0.21%	0.12%	0.12%
LEN	D	0.09%	0.09%	0.09%
LEN	D	0.3%	0.09%	0.09%
LMT	D	0.42%	0.55%	0.42%
LYB	F	0.16%	0.11%	0.11%
MA	B	1.78%	0.56%	0.56%
MAS	D	0.12%	0.04%	0.04%
MCHP	F	0.24%	0.08%	0.08%
MCO	C	0.56%	0.18%	0.18%
MO	A	0.79%	0.43%	0.43%
MRK	F	1.23%	0.72%	0.72%
MSI	B	0.58%	0.15%	0.15%
NRG	C	0.12%	0.09%	0.09%
NTAP	D	0.21%	0.07%	0.07%
O	D	0.15%	0.23%	0.15%
OMC	A	0.1%	0.1%	0.1%
PCAR	B	0.45%	0.07%	0.07%
PEG	C	0.21%	0.2%	0.2%
PH	A	0.52%	0.09%	0.09%
PKG	B	0.14%	0.1%	0.1%
PM	B	0.66%	0.57%	0.57%
PSA	D	0.36%	0.14%	0.14%
QCOM	F	1.21%	0.43%	0.43%
REGN	F	0.63%	0.16%	0.16%
RL	B	0.12%	0.02%	0.02%
RMD	C	0.13%	0.17%	0.13%
ROL	C	0.1%	0.04%	0.04%
RSG	B	0.3%	0.09%	0.09%
RTX	D	0.51%	0.75%	0.51%
SO	D	0.28%	0.44%	0.28%
SPG	A	0.45%	0.16%	0.16%
STLD	C	0.17%	0.04%	0.04%
SWKS	F	0.1%	0.07%	0.07%
SYF	B	0.21%	0.12%	0.12%
SYK	A	0.89%	0.21%	0.21%
T	A	1.01%	0.74%	0.74%
TER	F	0.09%	0.08%	0.08%
TJX	A	0.92%	0.22%	0.22%
TMUS	A	0.58%	0.53%	0.53%
TSCO	D	0.15%	0.08%	0.08%
TT	B	0.65%	0.13%	0.13%
TXN	B	1.27%	0.58%	0.58%
UHS	D	0.1%	0.06%	0.06%
UNH	B	0.54%	1.62%	0.54%
VICI	D	0.1%	0.15%	0.1%
VRTX	B	0.97%	0.22%	0.22%
VZ	D	1.16%	0.8%	0.8%
WAB	B	0.17%	0.16%	0.16%
WM	A	0.67%	0.2%	0.2%
WMT	A	1.64%	1.7%	1.64%
XOM	B	0.62%	2.52%	0.62%

FLQL Overweight 102 Positions Relative to SPYV

Symbol	Grade	Weight
NVDA	A	6.79%
AAPL	C	6.72%
MSFT	C	5.85%
AMZN	A	2.93%
META	B	2.55%
GOOGL	C	2.05%
AVGO	C	1.87%
GOOG	C	1.74%
LLY	F	1.46%
BKNG	A	1.16%
TSLA	B	1.14%
AMAT	F	1.03%
ORCL	A	0.88%
ANET	C	0.8%
KLAC	F	0.71%
LRCX	F	0.7%
CMG	B	0.56%
APP	B	0.4%
URI	B	0.39%
DHI	D	0.37%
HLT	A	0.32%
ACGL	C	0.26%
DECK	B	0.22%
PHM	D	0.22%
NVR	D	0.2%
FANG	C	0.19%
SPOT	A	0.18%
FICO	B	0.17%
RCL	A	0.17%
LII	B	0.15%
WSM	F	0.15%
CSL	B	0.15%
TPL	B	0.15%
EVR	B	0.13%
TOL	B	0.13%
CW	C	0.12%
JEF	B	0.12%
AWI	B	0.12%
DTM	A	0.12%
UTHR	B	0.12%
EME	B	0.12%
AYI	A	0.12%
THC	B	0.12%
OC	A	0.12%
ALSN	B	0.12%
FIX	B	0.12%
WSO	B	0.12%
CUZ	B	0.11%
RGA	A	0.11%
LNC	B	0.11%
EHC	B	0.11%
BJ	B	0.11%
PPC	C	0.11%
KRC	C	0.11%
CASY	B	0.11%
INGR	B	0.11%
TXRH	A	0.11%
R	B	0.11%
G	B	0.11%
LOPE	B	0.11%
CACI	C	0.11%
JHG	A	0.11%
TNL	A	0.11%
AVT	C	0.1%
MPWR	F	0.1%
MEDP	D	0.1%
NFG	D	0.1%
SCCO	F	0.1%
HIW	D	0.1%
ADC	A	0.1%
DKS	D	0.1%
OHI	C	0.1%
LAMR	D	0.1%
AXS	A	0.1%
RGLD	C	0.1%
KEX	A	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	C	0.09%
GPK	D	0.09%
PK	C	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	D	0.08%
WU	F	0.08%
MDU	D	0.07%
CROX	F	0.07%
OGN	F	0.07%
CRUS	F	0.07%
APA	F	0.07%

FLQL Underweight 325 Positions Relative to SPYV

Symbol	Grade	Weight
BAC	A	-1.41%
CVX	A	-1.25%
HD	B	-1.17%
WFC	A	-1.11%
PG	C	-1.1%
CSCO	A	-1.09%
ABT	C	-0.94%
DIS	B	-0.84%
V	A	-0.81%
CMCSA	B	-0.8%
MS	A	-0.75%
DHR	F	-0.74%
PFE	F	-0.73%
NEE	D	-0.72%
LOW	B	-0.71%
KO	F	-0.7%
PEP	D	-0.67%
HON	B	-0.66%
TMO	F	-0.62%
MU	D	-0.59%
GILD	B	-0.57%
MCD	C	-0.55%
MDT	D	-0.53%
GE	D	-0.52%
BMY	B	-0.52%
INTC	C	-0.52%
SCHW	B	-0.51%
LIN	D	-0.5%
ACN	B	-0.49%
PLD	D	-0.49%
UPS	C	-0.46%
SPGI	C	-0.42%
ICE	C	-0.42%
DUK	D	-0.4%
PYPL	A	-0.39%
PNC	B	-0.38%
UNP	D	-0.38%
MCK	B	-0.37%
WELL	B	-0.37%
USB	B	-0.36%
PGR	A	-0.35%
ADP	A	-0.35%
CVS	F	-0.34%
EMR	A	-0.34%
MMM	C	-0.34%
TGT	C	-0.33%
COF	B	-0.33%
NOC	D	-0.33%
APD	B	-0.32%
BDX	F	-0.31%
FDX	B	-0.3%
NSC	B	-0.29%
SLB	C	-0.29%
BA	F	-0.29%
TFC	B	-0.29%
SRE	B	-0.27%
BK	B	-0.27%
TRV	B	-0.27%
FI	A	-0.27%
ETN	B	-0.26%
JCI	A	-0.26%
MMC	D	-0.25%
GEV	B	-0.25%
PSX	C	-0.25%
AMT	F	-0.25%
ALL	B	-0.24%
MDLZ	F	-0.24%
KMI	B	-0.24%
CME	B	-0.24%
AEP	D	-0.24%
NEM	F	-0.24%
NKE	F	-0.24%
AXP	B	-0.23%
LHX	B	-0.23%
AIG	B	-0.23%
FIS	B	-0.22%
D	D	-0.22%
MET	C	-0.22%
KVUE	A	-0.21%
PRU	B	-0.21%
SHW	A	-0.21%
SBUX	B	-0.21%
CCI	F	-0.21%
DE	D	-0.21%
EQIX	B	-0.21%
F	C	-0.2%
BKR	B	-0.2%
COR	B	-0.2%
PCG	A	-0.2%
VLO	C	-0.2%
CBRE	B	-0.19%
ITW	B	-0.19%
GEHC	D	-0.19%
AON	B	-0.19%
COP	C	-0.19%
CTVA	C	-0.19%
A	F	-0.19%
WMB	B	-0.19%
CEG	D	-0.19%
SYY	D	-0.18%
EXC	C	-0.18%
KR	A	-0.18%
ZTS	D	-0.17%
BX	A	-0.17%
GIS	F	-0.17%
DD	D	-0.17%
STZ	D	-0.17%
XEL	A	-0.17%
KDP	C	-0.17%
ED	D	-0.16%
DOW	F	-0.16%
CSX	B	-0.16%
OXY	F	-0.16%
HUM	D	-0.16%
MTB	A	-0.16%
FCX	F	-0.16%
ROP	A	-0.16%
AJG	A	-0.15%
EIX	C	-0.15%
ADSK	B	-0.15%
WTW	A	-0.15%
DLR	C	-0.15%
NDAQ	B	-0.15%
ABNB	C	-0.15%
CNC	F	-0.15%
CARR	C	-0.15%
KHC	F	-0.14%
RJF	A	-0.14%
PPG	F	-0.14%
XYL	F	-0.14%
WEC	B	-0.14%
ECL	C	-0.14%
FITB	A	-0.14%
TROW	A	-0.13%
DOV	A	-0.13%
UAL	A	-0.13%
PAYX	B	-0.13%
STT	B	-0.13%
GPN	B	-0.13%
CAH	B	-0.13%
KEYS	C	-0.13%
OTIS	D	-0.12%
EW	F	-0.12%
ADM	F	-0.12%
HBAN	A	-0.12%
AMP	A	-0.12%
BIIB	F	-0.12%
VLTO	D	-0.12%
AWK	D	-0.12%
HAL	C	-0.12%
SW	B	-0.12%
VTR	C	-0.12%
AME	A	-0.11%
CINF	A	-0.11%
WDC	D	-0.11%
WY	F	-0.11%
OKE	A	-0.11%
AEE	B	-0.11%
MPC	D	-0.11%
RF	A	-0.11%
IFF	F	-0.11%
IQV	F	-0.11%
PPL	A	-0.11%
EQT	B	-0.11%
DTE	D	-0.11%
EOG	A	-0.11%
EQR	C	-0.11%
ZBRA	B	-0.1%
CHTR	B	-0.1%
YUM	B	-0.1%
WBD	B	-0.1%
FSLR	F	-0.1%
FE	D	-0.1%
NTRS	A	-0.1%
EA	A	-0.1%
ES	D	-0.1%
ATO	B	-0.1%
ZBH	C	-0.1%
TDY	B	-0.1%
PFG	C	-0.09%
BAX	F	-0.09%
HOLX	D	-0.09%
MTD	F	-0.09%
LUV	B	-0.09%
INVH	D	-0.09%
ORLY	A	-0.09%
CNP	B	-0.09%
MKC	D	-0.09%
MSCI	B	-0.09%
CMS	D	-0.09%
LH	B	-0.09%
CLX	A	-0.09%
DFS	B	-0.09%
EFX	F	-0.09%
ROK	B	-0.08%
TXT	D	-0.08%
AVY	F	-0.08%
AZO	B	-0.08%
KIM	A	-0.08%
TSN	B	-0.08%
MRNA	F	-0.08%
GPC	D	-0.08%
DG	F	-0.08%
ON	F	-0.08%
IEX	B	-0.08%
TRMB	B	-0.08%
ARE	F	-0.08%
KEY	B	-0.08%
CSGP	F	-0.08%
WRB	B	-0.08%
VRSK	A	-0.08%
MAA	C	-0.08%
J	D	-0.08%
BALL	D	-0.08%
FFIV	B	-0.07%
EVRG	A	-0.07%
NUE	D	-0.07%
SWK	F	-0.07%
NDSN	B	-0.07%
SBAC	D	-0.07%
WAT	B	-0.07%
LNT	C	-0.07%
TTWO	A	-0.07%
PWR	B	-0.07%
APTV	F	-0.07%
L	A	-0.07%
NXPI	F	-0.07%
JBHT	C	-0.07%
RVTY	C	-0.07%
EL	F	-0.07%
MNST	B	-0.07%
IDXX	F	-0.07%
NI	A	-0.07%
CDW	F	-0.07%
EG	D	-0.07%
VTRS	B	-0.07%
HSY	F	-0.07%
DOC	C	-0.07%
GEN	B	-0.07%
TPR	A	-0.06%
KMX	B	-0.06%
BXP	D	-0.06%
TECH	D	-0.06%
REG	A	-0.06%
BG	D	-0.06%
SJM	F	-0.06%
CPT	C	-0.06%
MLM	B	-0.06%
DLTR	F	-0.06%
STX	D	-0.06%
UDR	C	-0.06%
JKHY	C	-0.06%
INCY	B	-0.06%
ANSS	B	-0.06%
HUBB	C	-0.06%
CAG	F	-0.06%
CHD	A	-0.06%
VMC	B	-0.06%
IR	A	-0.05%
AES	F	-0.05%
GL	B	-0.05%
TAP	B	-0.05%
LKQ	C	-0.05%
PNW	A	-0.05%
SNA	A	-0.05%
SOLV	C	-0.05%
MKTX	C	-0.05%
EXPD	C	-0.05%
AIZ	A	-0.05%
PODD	B	-0.05%
CTLT	D	-0.05%
DXCM	C	-0.05%
CRL	C	-0.05%
NWSA	B	-0.05%
BR	A	-0.05%
IPG	F	-0.05%
ALB	C	-0.05%
CBOE	D	-0.04%
MRO	B	-0.04%
FMC	F	-0.04%
MHK	D	-0.04%
ALLE	D	-0.04%
HII	F	-0.04%
BWA	B	-0.04%
EPAM	B	-0.04%
MTCH	F	-0.04%
VRSN	C	-0.04%
MOH	F	-0.04%
IVZ	B	-0.04%
AKAM	F	-0.04%
HAS	D	-0.04%
FRT	B	-0.04%
HRL	F	-0.04%
HSIC	F	-0.04%
CPB	F	-0.04%
MOS	D	-0.04%
PTC	B	-0.04%
TFX	F	-0.04%
STE	D	-0.04%
FDS	A	-0.04%
DRI	B	-0.04%
BRO	B	-0.03%
DAY	B	-0.03%
POOL	D	-0.03%
ENPH	F	-0.03%
CTRA	B	-0.03%
PAYC	B	-0.03%
ULTA	C	-0.03%
BEN	C	-0.03%
WBA	D	-0.03%
QRVO	F	-0.03%
PARA	B	-0.03%
CCL	B	-0.03%
ALGN	D	-0.03%
LVS	C	-0.03%
JBL	C	-0.03%
AOS	F	-0.02%
NWS	B	-0.02%
CZR	F	-0.02%
LW	B	-0.02%
GNRC	B	-0.02%
ERIE	F	-0.02%
HST	D	-0.02%
PNR	A	-0.02%
MGM	D	-0.01%