FLQL vs. VFMV ETF Comparison

Comparison of Franklin LibertyQ U.S. Equity ETF (FLQL) to Vanguard U.S. Minimum Volatility ETF (VFMV)

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

$57.67

Average Daily Volume

52,802

Number of Holdings ^*

210

* may have additional holdings in another (foreign) market

VFMV

Vanguard U.S. Minimum Volatility ETF

VFMV Description

The investment seeks to provide long-term capital appreciation with lower volatility relative to the broad U.S. equity market. The fund invests primarily in a group of U.S. common stocks that together are deemed by the advisor to have the potential to generate lower volatility relative to the broad U.S. equity market. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$121.40

Average Daily Volume

7,572

Number of Holdings ^*

146

* may have additional holdings in another (foreign) market

Performance

Period	FLQL	VFMV
30 Days	0.47%	0.10%
60 Days	4.76%	3.68%
90 Days	2.45%	7.54%
12 Months	34.69%	29.07%

54 Overlapping Holdings

Symbol	Grade	Weight in FLQL	Weight in VFMV	Overlap
AAPL	C	7.04%	0.64%	0.64%
ABBV	A	1.56%	1.34%	1.34%
ADI	C	0.35%	1.42%	0.35%
AMAT	D	1.11%	0.13%	0.13%
AMGN	D	1.26%	0.64%	0.64%
AMZN	C	2.84%	0.11%	0.11%
AVGO	C	1.89%	0.71%	0.71%
BRK.A	C	1.06%	0.29%	0.29%
CB	A	0.57%	0.08%	0.08%
CHE	B	0.1%	0.81%	0.1%
CL	D	0.58%	1.05%	0.58%
CRUS	D	0.08%	0.86%	0.08%
DECK	C	0.2%	0.19%	0.19%
DTM	A	0.1%	0.1%	0.1%
FANG	F	0.2%	0.45%	0.2%
GD	A	0.42%	1.43%	0.42%
GOOG	C	1.62%	0.7%	0.7%
GOOGL	C	1.9%	0.87%	0.87%
HPQ	C	0.28%	0.72%	0.28%
IBM	C	1.41%	1.31%	1.31%
JNJ	C	1.65%	1.46%	1.46%
K	B	0.1%	0.4%	0.1%
KEX	C	0.1%	1.4%	0.1%
KLAC	D	0.85%	0.09%	0.09%
KMB	B	0.15%	0.07%	0.07%
LDOS	A	0.16%	0.29%	0.16%
LLY	D	1.68%	0.92%	0.92%
LMT	A	0.44%	1.44%	0.44%
LOPE	D	0.1%	0.25%	0.1%
LRCX	F	0.75%	0.08%	0.08%
META	A	2.56%	0.6%	0.6%
MO	B	0.77%	0.28%	0.28%
MRK	F	1.45%	1.39%	1.39%
MSFT	C	6.21%	0.45%	0.45%
MSI	A	0.53%	0.03%	0.03%
MUSA	D	0.08%	1.43%	0.08%
NEU	F	0.1%	0.49%	0.1%
NTAP	D	0.22%	1.57%	0.22%
QCOM	D	1.25%	0.69%	0.69%
REGN	D	0.82%	1.27%	0.82%
ROL	B	0.1%	0.29%	0.1%
RSG	D	0.3%	1.39%	0.3%
RTX	A	0.51%	0.33%	0.33%
SPOT	B	0.17%	0.03%	0.03%
T	A	1.01%	0.51%	0.51%
TJX	C	0.94%	1.56%	0.94%
TMUS	A	0.5%	1.56%	0.5%
TXN	C	1.24%	1.54%	1.24%
UNH	B	0.51%	0.85%	0.51%
VRTX	D	0.92%	0.04%	0.04%
VZ	A	1.32%	1.2%	1.2%
WM	D	0.64%	1.46%	0.64%
WMT	A	1.63%	1.47%	1.47%
XOM	B	0.62%	1.42%	0.62%

FLQL Overweight 156 Positions Relative to VFMV

Symbol	Grade	Weight
NVDA	C	5.84%
MA	A	1.69%
COST	C	1.68%
CAT	A	1.29%
ISRG	C	1.2%
JPM	D	1.07%
BKNG	C	1.0%
SYK	C	0.88%
C	B	0.87%
TSLA	B	0.86%
ANET	B	0.81%
ORCL	C	0.8%
BSX	A	0.78%
PM	B	0.66%
CI	C	0.62%
TT	A	0.62%
HCA	A	0.59%
MCO	C	0.58%
APH	D	0.58%
CMG	C	0.57%
GS	D	0.51%
PH	B	0.47%
DHI	B	0.44%
SPG	A	0.44%
CTAS	C	0.44%
PCAR	D	0.4%
PSA	C	0.4%
ELV	F	0.38%
URI	B	0.37%
LEN	B	0.33%
GWW	A	0.33%
GM	D	0.31%
HLT	B	0.31%
FAST	C	0.3%
SO	A	0.3%
ACGL	A	0.3%
MCHP	F	0.27%
PHM	A	0.25%
CTSH	C	0.24%
AFL	A	0.23%
NVR	A	0.23%
CMI	B	0.23%
HWM	A	0.22%
PEG	A	0.22%
GRMN	D	0.21%
HPE	C	0.19%
APP	B	0.19%
IRM	B	0.19%
GLW	C	0.19%
HIG	A	0.19%
WSM	C	0.18%
LYB	D	0.18%
EBAY	A	0.18%
DELL	D	0.17%
O	A	0.17%
SYF	C	0.16%
WAB	A	0.16%
FICO	C	0.15%
STLD	C	0.15%
LII	C	0.15%
CSL	A	0.15%
DAL	B	0.15%
TSCO	A	0.15%
RMD	C	0.14%
ETR	A	0.14%
MPWR	C	0.14%
THC	C	0.13%
BBY	B	0.13%
RCL	C	0.13%
MAS	A	0.13%
TOL	A	0.13%
PKG	A	0.13%
CFG	D	0.12%
EXR	C	0.12%
WSO	B	0.12%
UHS	D	0.12%
DPZ	D	0.11%
DVA	B	0.11%
RGA	C	0.11%
TPL	B	0.11%
EVR	C	0.11%
FIX	B	0.11%
LAMR	C	0.11%
KRC	C	0.11%
TER	D	0.11%
VICI	C	0.11%
SCCO	B	0.11%
UTHR	B	0.11%
CF	A	0.11%
RL	B	0.11%
NRG	A	0.11%
DKS	D	0.11%
SWKS	F	0.11%
IP	B	0.11%
ESS	C	0.11%
OC	B	0.11%
GPK	B	0.1%
AMCR	A	0.1%
LNC	D	0.1%
GLPI	B	0.1%
WU	D	0.1%
MTG	B	0.1%
JNPR	C	0.1%
PK	D	0.1%
UGI	C	0.1%
SSNC	C	0.1%
MEDP	F	0.1%
G	A	0.1%
OMC	A	0.1%
AXS	A	0.1%
INGR	A	0.1%
HRB	C	0.1%
FOX	A	0.1%
ALSN	A	0.1%
LEN	B	0.1%
CROX	C	0.1%
CRI	D	0.1%
ADC	B	0.1%
NFG	A	0.1%
FOXA	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	B	0.1%
EMN	B	0.1%
WING	B	0.1%
HIW	C	0.1%
AVB	C	0.1%
AYI	A	0.1%
JEF	B	0.1%
CUZ	C	0.1%
EME	C	0.1%
MDU	C	0.1%
CHRW	A	0.1%
AWI	A	0.1%
CIVI	F	0.09%
OGN	D	0.09%
APA	F	0.09%
COKE	B	0.09%
GAP	F	0.09%
DVN	F	0.09%
PPC	A	0.09%
SNX	C	0.09%
M	F	0.09%
DGX	C	0.09%
AVT	B	0.09%

FLQL Underweight 92 Positions Relative to VFMV

Symbol	Grade	Weight
CVLT	C	-1.63%
ROP	C	-1.5%
MCK	F	-1.5%
PGR	C	-1.49%
VECO	F	-1.49%
EA	D	-1.48%
CSCO	A	-1.46%
PG	C	-1.45%
IDT	C	-1.35%
ORLY	A	-1.33%
DUK	B	-1.31%
CHD	B	-1.28%
NOC	B	-1.27%
MCD	A	-1.24%
FCN	B	-1.21%
CME	A	-1.19%
IDCC	A	-1.14%
CBOE	B	-1.13%
DLB	D	-1.06%
LRN	C	-1.05%
DOX	B	-1.03%
GIS	B	-0.98%
WMB	A	-0.97%
HSTM	B	-0.97%
MGEE	A	-0.96%
GILD	A	-0.89%
SAFT	D	-0.86%
GPOR	B	-0.85%
INST	C	-0.83%
NSIT	C	-0.83%
LAUR	C	-0.79%
NABL	F	-0.78%
BLKB	C	-0.78%
CVX	D	-0.77%
CAH	B	-0.75%
WTM	D	-0.75%
OSIS	B	-0.7%
YELP	F	-0.63%
MCS	B	-0.61%
INSW	C	-0.55%
MATX	B	-0.54%
PBH	D	-0.52%
ED	A	-0.51%
FLO	C	-0.47%
KO	B	-0.46%
HSY	D	-0.45%
V	C	-0.44%
AJG	D	-0.43%
TRV	C	-0.43%
THFF	D	-0.42%
AZO	D	-0.42%
WEC	A	-0.39%
MDLZ	C	-0.39%
RLI	A	-0.36%
NVEC	F	-0.35%
OLLI	C	-0.34%
AMSF	B	-0.34%
JBSS	F	-0.33%
CASS	D	-0.32%
BMY	B	-0.31%
IMMR	D	-0.28%
MTSI	C	-0.26%
KMI	A	-0.24%
EBF	B	-0.24%
EQC	D	-0.24%
ACN	B	-0.23%
EXEL	C	-0.23%
JJSF	A	-0.23%
OLED	C	-0.19%
SPOK	D	-0.19%
SPNS	C	-0.17%
QNST	C	-0.15%
PSX	F	-0.14%
DGICA	B	-0.12%
TNK	D	-0.12%
CLBK	F	-0.1%
DJCO	C	-0.1%
CNXN	C	-0.08%
GLRE	C	-0.06%
PEP	D	-0.06%
LANC	F	-0.06%
REYN	C	-0.06%
UNM	A	-0.06%
ATR	A	-0.05%
SFL	D	-0.05%
EIG	B	-0.04%
DTE	A	-0.04%
MU	D	-0.04%
AKAM	D	-0.04%
NBIX	F	-0.04%
CNA	D	-0.04%
CMS	A	-0.03%