FLQM vs. FTLS ETF Comparison

Comparison of Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) to First Trust Long/Short Equity (FTLS)

FLQM

Franklin LibertyQ U.S. Mid Cap Equity ETF

FLQM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Mid Cap Equity Index (the U.S. Mid Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Mid Cap underlying index. The U.S. Mid Cap underlying index is based on the Russell Midcap® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$55.20

Average Daily Volume

135,920

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

FTLS

First Trust Long/Short Equity

FTLS Description

The investment seeks to provide investors with long-term total return. Under normal circumstances, at least 80% of the fund's assets (plus the amount of any borrowing for investment purposes) will be exposed to U.S. exchange-listed equity securities of U.S. and foreign companies by investing in such securities directly and/or in U.S. exchange-traded funds ("ETFs") that provide exposure to such securities. It may invest up to 20% of its net assets (plus the amount of any borrowing for investment purposes) in U.S. exchange-listed equity index futures contracts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$63.47

Average Daily Volume

143,082

Number of Holdings ^*

384

* may have additional holdings in another (foreign) market

Performance

Period	FLQM	FTLS
30 Days	1.88%	-0.80%
60 Days	3.89%	1.06%
90 Days	5.94%	0.62%
12 Months	26.27%	18.51%

49 Overlapping Holdings

Symbol	Grade	Weight in FLQM	Weight in FTLS	Overlap
ALL	A	1.09%	0.86%	0.86%
ALLY	F	0.41%	0.28%	0.28%
ALSN	B	0.36%	0.15%	0.15%
AM	B	0.21%	0.11%	0.11%
AVY	D	0.72%	-0.09%	-0.09%
AYI	B	0.14%	0.23%	0.14%
BJ	D	0.44%	0.45%	0.44%
CDW	D	0.93%	-0.09%	-0.09%
CF	B	0.58%	0.51%	0.51%
CMI	C	0.72%	-0.36%	-0.36%
COLB	B	0.1%	0.15%	0.1%
CROX	C	0.26%	0.58%	0.26%
DLB	D	0.16%	-0.07%	-0.07%
EA	D	1.06%	-0.02%	-0.02%
FANG	D	0.87%	0.8%	0.8%
FAST	C	1.0%	-0.03%	-0.03%
FFIV	A	0.44%	0.35%	0.35%
GL	C	0.42%	0.39%	0.39%
GPC	D	0.75%	-0.13%	-0.13%
HPQ	D	0.91%	0.93%	0.91%
HRB	C	0.4%	0.21%	0.21%
JBL	D	0.38%	0.61%	0.38%
KNSL	C	0.37%	0.22%	0.22%
KR	B	0.96%	-0.28%	-0.28%
LNG	D	0.84%	1.03%	0.84%
LOPE	D	0.13%	0.08%	0.08%
MAS	B	0.63%	0.47%	0.47%
MSM	D	0.17%	0.19%	0.17%
MTG	B	0.34%	0.13%	0.13%
NTAP	D	0.92%	0.76%	0.76%
NVR	B	0.86%	0.57%	0.57%
OMC	A	0.82%	-0.31%	-0.31%
ORI	A	0.3%	0.14%	0.14%
PAYX	C	1.07%	-0.63%	-0.63%
R	B	0.22%	-0.09%	-0.09%
RL	B	0.3%	0.57%	0.3%
RPRX	C	0.46%	0.26%	0.26%
SAIA	D	0.35%	-0.02%	-0.02%
SNA	B	0.62%	0.27%	0.27%
SYF	C	0.88%	0.58%	0.58%
SYY	D	0.94%	0.88%	0.88%
TOL	B	0.38%	0.63%	0.38%
TTC	D	0.32%	0.33%	0.32%
UHS	B	0.59%	0.23%	0.23%
VLTO	C	0.55%	0.54%	0.54%
VNT	D	0.22%	-0.07%	-0.07%
VRSK	D	0.71%	-0.63%	-0.63%
VRSN	D	0.72%	0.46%	0.46%
WAT	C	0.93%	-0.3%	-0.3%

FLQM Overweight 149 Positions Relative to FTLS

Symbol	Grade	Weight
FICO	A	1.34%
DHI	B	1.23%
RMD	C	1.17%
IT	B	1.15%
AVB	B	1.13%
HIG	A	1.1%
MSCI	C	1.09%
GRMN	D	1.08%
PHM	B	1.07%
ODFL	C	1.05%
GWW	B	1.02%
BBY	B	1.0%
BAH	B	0.97%
AWK	A	0.97%
MTD	D	0.96%
DOV	B	0.95%
EBAY	B	0.94%
IDXX	C	0.94%
YUM	D	0.94%
TSCO	C	0.93%
OTIS	D	0.9%
CHD	C	0.9%
LYB	F	0.87%
CINF	B	0.86%
WSM	C	0.85%
BLDR	C	0.84%
DVN	F	0.82%
HPE	D	0.81%
ULTA	D	0.8%
DAL	C	0.8%
LII	B	0.79%
DECK	C	0.79%
CLX	C	0.79%
GDDY	C	0.78%
MANH	B	0.77%
RF	B	0.75%
ACGL	B	0.74%
EXPD	B	0.73%
TROW	D	0.69%
TER	D	0.68%
HSY	C	0.66%
RS	D	0.65%
STLD	D	0.64%
EG	B	0.64%
UTHR	C	0.64%
THC	B	0.63%
TPL	C	0.62%
WSO	C	0.61%
ROL	C	0.58%
NBIX	F	0.56%
RPM	B	0.55%
INCY	C	0.53%
DKS	D	0.53%
POOL	C	0.51%
VTRS	C	0.51%
CASY	D	0.5%
NDSN	C	0.5%
GGG	C	0.5%
TPR	C	0.47%
EHC	B	0.47%
CPT	B	0.47%
JNPR	A	0.47%
ELS	C	0.46%
ALLE	B	0.46%
TXRH	D	0.45%
CHRW	B	0.45%
OVV	D	0.43%
LECO	F	0.41%
CW	B	0.41%
LKQ	D	0.4%
K	A	0.39%
UNM	B	0.38%
LDOS	C	0.38%
MUSA	C	0.38%
BXP	B	0.37%
DOX	C	0.37%
ACI	F	0.36%
TPX	C	0.36%
SKX	C	0.35%
DCI	D	0.35%
NNN	B	0.34%
WING	B	0.34%
APA	F	0.33%
DG	F	0.33%
SEIC	B	0.32%
PAYC	D	0.32%
UAL	B	0.31%
CACI	B	0.3%
CHE	C	0.3%
LW	D	0.3%
EXPE	C	0.29%
ACHC	C	0.28%
G	C	0.27%
EGP	B	0.27%
WPC	B	0.26%
DINO	D	0.26%
RHI	D	0.26%
LSTR	D	0.25%
PB	B	0.25%
AMG	C	0.24%
OGN	D	0.24%
CRUS	D	0.24%
BBWI	F	0.24%
DVA	B	0.23%
STAG	C	0.23%
WU	D	0.23%
VFC	C	0.22%
FLO	C	0.21%
SON	C	0.21%
AN	D	0.21%
NFG	B	0.2%
SEE	D	0.2%
BC	C	0.2%
LAMR	A	0.19%
M	F	0.18%
PII	D	0.18%
JHG	B	0.18%
WBA	F	0.18%
CHRD	F	0.17%
FOXA	B	0.17%
SOLV	C	0.17%
OMF	C	0.17%
HIW	B	0.15%
AGO	C	0.15%
COKE	C	0.15%
CHH	C	0.14%
DTM	B	0.14%
KRC	B	0.13%
NEU	D	0.13%
MAN	C	0.13%
PAG	D	0.12%
AVT	D	0.12%
CIVI	F	0.11%
IVZ	C	0.11%
COLM	B	0.11%
CRI	C	0.11%
AWI	B	0.1%
JWN	B	0.1%
APPF	D	0.09%
CUZ	B	0.08%
KSS	F	0.08%
GAP	F	0.07%
SNDR	B	0.06%
WEN	C	0.06%
CNXC	D	0.06%
CNA	C	0.05%
DDS	D	0.03%
SIRI	C	0.03%
PLTK	C	0.02%

FLQM Underweight 335 Positions Relative to FTLS

Symbol	Grade	Weight
AAPL	D	-7.5%
MSFT	C	-4.6%
NVDA	D	-4.06%
AMZN	C	-2.5%
ACN	C	-2.11%
JNJ	B	-2.08%
LOW	B	-2.08%
TMUS	C	-2.04%
QCOM	D	-1.96%
PM	C	-1.93%
C	D	-1.89%
SCHW	D	-1.8%
FDX	C	-1.71%
META	A	-1.66%
CME	C	-1.58%
MO	C	-1.48%
MPC	D	-1.44%
PH	B	-1.43%
VLO	D	-1.41%
CL	C	-1.4%
GOOGL	D	-1.27%
USB	B	-1.21%
BRK.A	C	-1.12%
CTAS	C	-1.07%
AVGO	C	-1.06%
GOOG	D	-1.06%
ILMN	C	-1.04%
LLY	C	-1.03%
TRV	B	-0.99%
KMI	A	-0.99%
FIS	B	-0.98%
TFC	D	-0.94%
HWM	B	-0.84%
JPM	D	-0.82%
PBR	D	-0.78%
AFL	B	-0.71%
INSM	D	-0.58%
CSL	C	-0.55%
PNR	B	-0.49%
NVS	C	-0.48%
SWK	B	-0.47%
CAG	B	-0.46%
OKTA	F	-0.45%
TWLO	D	-0.45%
VICI	C	-0.44%
EAT	B	-0.4%
NTRS	B	-0.36%
FLEX	C	-0.36%
PENN	D	-0.36%
ZIM	C	-0.34%
EXP	B	-0.32%
WRB	C	-0.32%
ASO	C	-0.32%
TKO	B	-0.32%
DBX	D	-0.32%
CCK	A	-0.3%
CRS	B	-0.29%
PI	B	-0.28%
JAZZ	D	-0.27%
LPX	B	-0.27%
SPYV	A	-0.26%
IWD	B	-0.26%
SCHV	A	-0.26%
CNK	B	-0.23%
AIZ	B	-0.21%
STNG	D	-0.2%
WHD	C	-0.19%
TWST	D	-0.19%
EWBC	C	-0.19%
MGY	C	-0.18%
SAM	F	-0.18%
THO	D	-0.17%
ADMA	B	-0.16%
GLBE	C	-0.16%
ALKS	C	-0.16%
OPCH	C	-0.16%
LOGI	D	-0.15%
EXEL	B	-0.15%
BFAM	C	-0.15%
LEG	D	-0.14%
UMBF	B	-0.14%
CBT	B	-0.13%
SIGI	C	-0.13%
PNFP	B	-0.13%
TXG	D	-0.13%
AXS	B	-0.13%
CRC	C	-0.13%
PRI	B	-0.13%
PAA	D	-0.13%
GFF	C	-0.12%
HESM	C	-0.12%
KRG	B	-0.12%
NSA	B	-0.12%
MATX	C	-0.12%
SFM	B	-0.12%
CALM	B	-0.12%
CSWI	B	-0.11%
WGO	D	-0.11%
ENLC	B	-0.11%
RDFN	C	-0.11%
SMPL	D	-0.11%
SKYW	C	-0.11%
MMS	D	-0.11%
GMS	C	-0.11%
CBSH	C	-0.11%
GM	B	-0.11%
ESNT	B	-0.1%
DBRG	D	-0.1%
ZWS	B	-0.1%
FTDR	B	-0.1%
GRBK	B	-0.1%
YOU	B	-0.1%
VRNA	B	-0.1%
TBBK	B	-0.09%
EPR	B	-0.09%
EXTR	C	-0.09%
THG	A	-0.09%
LCII	C	-0.09%
ABM	D	-0.09%
FOLD	D	-0.09%
PPC	D	-0.09%
TRMD	C	-0.08%
PRGS	C	-0.08%
LANC	D	-0.08%
CUBI	F	-0.08%
KFY	B	-0.08%
TCBI	B	-0.08%
MQ	F	-0.08%
HAYW	C	-0.07%
REVG	C	-0.07%
AVNT	B	-0.07%
BOH	C	-0.07%
UBSI	B	-0.07%
MYGN	B	-0.07%
KMPR	D	-0.07%
AZZ	C	-0.07%
OTEX	D	-0.07%
CARG	B	-0.07%
NMIH	B	-0.07%
BCRX	C	-0.07%
GBCI	B	-0.07%
RLI	B	-0.07%
VCYT	B	-0.07%
CDNA	C	-0.06%
SUPN	C	-0.06%
AUB	C	-0.06%
GSL	D	-0.06%
WFG	B	-0.06%
COLL	B	-0.06%
PLMR	B	-0.06%
FHB	C	-0.06%
AMPH	C	-0.06%
ROIC	B	-0.06%
PLXS	B	-0.06%
EBC	B	-0.06%
BRC	B	-0.06%
WMB	B	-0.06%
ADUS	B	-0.06%
ICFI	C	-0.06%
PBH	B	-0.06%
CBU	C	--0.02%
WOLF	F	--0.02%
FSLR	C	--0.02%
HON	D	--0.02%
KD	D	--0.02%
AER	C	--0.02%
NVEE	F	--0.02%
LKFN	C	--0.02%
ARM	D	--0.02%
ENS	C	--0.02%
IBOC	C	--0.02%
COHR	B	--0.02%
CVX	D	--0.02%
AZTA	D	--0.03%
GKOS	D	--0.03%
RH	B	--0.03%
DIOD	F	--0.03%
ARLO	F	--0.03%
CFLT	F	--0.03%
OSIS	C	--0.03%
RUN	C	--0.03%
CLH	B	--0.03%
ICHR	F	--0.03%
MARA	F	--0.03%
PSMT	B	--0.03%
AMD	F	--0.03%
VSAT	F	--0.03%
COTY	F	--0.03%
BE	F	--0.03%
GPRE	F	--0.03%
NWSA	D	--0.03%
BIRK	D	--0.03%
ATEC	F	--0.03%
RCL	B	--0.03%
UPST	C	--0.03%
HLN	B	--0.03%
FRO	C	--0.03%
ASPN	D	--0.03%
PAR	B	--0.03%
CRDO	D	--0.03%
SLGN	B	--0.03%
VIST	D	--0.03%
DNB	C	--0.03%
AMAT	D	--0.04%
UTZ	C	--0.04%
AMRC	C	--0.04%
MP	D	--0.04%
RDY	D	--0.04%
IRTC	F	--0.04%
FFIN	B	--0.04%
W	D	--0.04%
NEOG	C	--0.04%
BVN	D	--0.04%
BURL	B	--0.04%
EQT	D	--0.04%
ENR	F	--0.04%
SDGR	F	--0.04%
OSK	D	--0.04%
LYFT	D	--0.04%
WMT	B	--0.04%
LMND	D	--0.04%
APPN	D	--0.04%
ALB	F	--0.04%
PRCT	B	--0.04%
GE	B	--0.04%
HHH	C	--0.04%
TMO	C	--0.04%
SOFI	C	--0.04%
RXST	C	--0.04%
CNNE	D	--0.04%
UWMC	C	--0.04%
RIVN	F	--0.04%
ACIW	B	--0.05%
CTRA	F	--0.05%
GATX	D	--0.05%
AMRK	C	--0.05%
ERJ	C	--0.05%
SE	B	--0.06%
AEO	D	--0.06%
WST	D	--0.06%
APO	C	--0.06%
TTD	B	--0.06%
ZD	D	--0.06%
ACVA	B	--0.06%
STZ	C	--0.06%
SSB	B	--0.07%
VAL	F	--0.07%
AVAV	D	--0.07%
MUFG	D	--0.07%
MSA	C	--0.07%
COP	D	--0.07%
VRRM	D	--0.07%
TRMB	C	--0.08%
KTOS	B	--0.08%
CCOI	C	--0.09%
HCA	B	--0.09%
MMYT	B	--0.09%
CHK	D	--0.09%
HAE	D	--0.1%
DY	B	--0.1%
BA	F	--0.1%
NXPI	D	--0.1%
MAT	C	--0.1%
VVV	D	--0.11%
BKR	D	--0.12%
ARGX	C	--0.12%
IDCC	B	--0.12%
ING	A	--0.13%
STM	F	--0.13%
NSIT	C	--0.13%
SLB	F	--0.13%
HQY	C	--0.13%
KEYS	C	--0.14%
NFLX	B	--0.15%
PKG	B	--0.16%
VMC	D	--0.16%
ASX	D	--0.17%
ABT	C	--0.17%
MU	F	--0.17%
BWXT	D	--0.18%
HII	C	--0.18%
TM	F	--0.18%
STE	C	--0.18%
SYK	C	--0.19%
IPG	C	--0.2%
URI	B	--0.2%
GWRE	A	--0.21%
INFY	C	--0.21%
PCAR	D	--0.22%
GSK	C	--0.24%
HSBC	B	--0.24%
PANW	D	--0.26%
EFX	C	--0.26%
INTC	F	--0.27%
FMX	F	--0.27%
CCEP	B	--0.28%
TYL	C	--0.28%
DEO	C	--0.3%
SNPS	D	--0.31%
NSC	C	--0.31%
SAP	A	--0.31%
BABA	C	--0.32%
PG	C	--0.32%
GEHC	C	--0.33%
TTWO	D	--0.33%
ISRG	C	--0.35%
NOW	A	--0.36%
MMM	B	--0.36%
BK	A	--0.39%
UL	C	--0.4%
ZBH	F	--0.41%
GEV	B	--0.41%
LMT	C	--0.41%
TXN	C	--0.41%
MDLZ	B	--0.44%
MSI	C	--0.46%
HDB	C	--0.46%
UNH	C	--0.47%
MLM	D	--0.48%
MCD	C	--0.49%
XOM	D	--0.5%
WM	D	--0.52%
PNC	B	--0.52%
DE	B	--0.56%
TSLA	C	--0.57%
ASML	D	--0.57%
ETN	C	--0.58%
GD	B	--0.64%
DIS	D	--0.71%
CMCSA	D	--0.71%
LIN	B	--0.72%
CDNS	D	--0.73%
PEP	C	--0.73%
APD	B	--0.74%
ORCL	B	--0.84%