FLQM vs. LSAF ETF Comparison

Comparison of Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) to LeaderShares AlphaFactor US Core Equity ETF (LSAF)

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

$58.83

Average Daily Volume

151,405

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

LSAF

LeaderShares AlphaFactor US Core Equity ETF

LSAF Description

The investment seeks to provide investment results that correspond generally, before fees and expenses, to the performance of the AlphaFactor® US Core Equity Index. Under normal circumstances, at least 80% of the fund's net assets, including any borrowings for investment purposes, will be invested in a diversified portfolio of equity securities of U.S. common stocks included in the index. The index utilizes a quantitative rules-based investment methodology that applies a multi-factor ranking process and is focused on the largest 1,000 U.S. common stocks based on market capitalization.

Grade (RS Rating)

Last Trade

$44.20

Average Daily Volume

11,395

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLQM	LSAF
30 Days	5.47%	5.32%
60 Days	5.07%	6.52%
90 Days	5.99%	9.24%
12 Months	31.70%	34.17%

34 Overlapping Holdings

Symbol	Grade	Weight in FLQM	Weight in LSAF	Overlap
AMG	B	0.25%	1.0%	0.25%
AN	C	0.2%	0.89%	0.2%
BLDR	D	0.85%	0.85%	0.85%
CMI	A	0.84%	1.08%	0.84%
COKE	C	0.13%	0.9%	0.13%
COLM	B	0.11%	0.93%	0.11%
CROX	D	0.19%	0.67%	0.19%
DVA	B	0.22%	0.95%	0.22%
EBAY	D	0.91%	0.89%	0.89%
EXPE	B	0.38%	1.17%	0.38%
FICO	B	1.62%	1.14%	1.14%
FOXA	B	0.18%	1.04%	0.18%
GEN	B	0.57%	1.02%	0.57%
HIG	B	1.05%	0.97%	0.97%
HRB	D	0.37%	0.84%	0.37%
IT	C	1.14%	0.97%	0.97%
JBL	B	0.45%	1.03%	0.45%
LOPE	B	0.15%	1.08%	0.15%
MAS	D	0.59%	0.88%	0.59%
MTD	D	0.77%	0.76%	0.76%
MTG	C	0.32%	0.92%	0.32%
MUSA	A	0.37%	1.02%	0.37%
NVR	D	0.79%	0.86%	0.79%
ORI	A	0.31%	1.02%	0.31%
PHM	D	0.99%	0.84%	0.84%
RL	B	0.34%	1.01%	0.34%
RS	B	0.7%	1.04%	0.7%
STLD	B	0.76%	1.09%	0.76%
SYF	B	1.11%	1.24%	1.11%
THC	D	0.59%	0.85%	0.59%
TOL	B	0.39%	0.93%	0.39%
UNM	A	0.48%	1.21%	0.48%
UTHR	C	0.62%	0.97%	0.62%
WSO	A	0.67%	1.05%	0.67%

FLQM Overweight 166 Positions Relative to LSAF

Symbol	Grade	Weight
GRMN	B	1.17%
GWW	B	1.16%
FAST	B	1.14%
EA	A	1.13%
ODFL	B	1.12%
DAL	C	1.1%
AVB	B	1.09%
ALL	A	1.09%
MSCI	C	1.09%
PAYX	C	1.08%
RMD	C	1.06%
TPL	A	1.04%
KR	B	1.02%
DHI	D	1.0%
DOV	A	1.0%
LNG	B	0.96%
HPQ	B	0.94%
WAT	B	0.94%
HPE	B	0.93%
OTIS	C	0.93%
NTAP	C	0.91%
CINF	A	0.9%
DECK	A	0.89%
CHD	B	0.89%
GDDY	A	0.89%
TSCO	D	0.89%
YUM	B	0.89%
SYY	B	0.86%
AWK	D	0.86%
BAH	F	0.85%
BBY	D	0.85%
LII	A	0.84%
FANG	D	0.84%
RF	A	0.83%
WSM	B	0.82%
CLX	B	0.77%
OMC	C	0.77%
IDXX	F	0.77%
SNA	A	0.76%
MANH	D	0.76%
COR	B	0.75%
TROW	B	0.74%
CDW	F	0.73%
LYB	F	0.72%
DVN	F	0.72%
ULTA	F	0.7%
VRSK	A	0.69%
VRSN	F	0.67%
EXPD	D	0.67%
GPC	D	0.65%
AVY	D	0.62%
RPM	A	0.61%
CF	B	0.61%
ACGL	D	0.61%
INCY	C	0.61%
TPR	B	0.6%
EG	C	0.58%
VTRS	A	0.57%
ROL	B	0.55%
TER	D	0.54%
UAL	A	0.54%
GGG	B	0.53%
CASY	A	0.52%
NBIX	C	0.52%
HSY	F	0.52%
TXRH	C	0.51%
POOL	C	0.5%
FFIV	B	0.5%
NDSN	B	0.49%
EHC	B	0.49%
VLTO	D	0.49%
DKS	C	0.48%
UHS	D	0.48%
ALSN	B	0.47%
CHRW	C	0.47%
OVV	B	0.46%
BJ	A	0.46%
LECO	B	0.46%
CW	B	0.46%
ALLE	D	0.45%
CPT	B	0.44%
JNPR	F	0.42%
ELS	C	0.42%
GL	B	0.42%
SAIA	B	0.42%
RPRX	D	0.4%
PAYC	B	0.4%
TPX	B	0.38%
SEIC	B	0.37%
BXP	D	0.37%
LDOS	C	0.37%
K	A	0.37%
DCI	B	0.36%
LKQ	D	0.36%
ACI	C	0.36%
DOX	D	0.35%
ALLY	C	0.35%
LW	C	0.35%
KNSL	B	0.34%
RHI	B	0.3%
TTC	D	0.3%
DG	F	0.3%
SKX	D	0.3%
WING	D	0.29%
G	B	0.29%
CHE	D	0.28%
APA	D	0.28%
NNN	D	0.28%
PB	A	0.27%
CACI	D	0.27%
BBWI	D	0.26%
R	B	0.25%
VNT	B	0.24%
EGP	F	0.24%
WPC	D	0.23%
DINO	D	0.23%
LSTR	D	0.23%
VFC	C	0.23%
AM	A	0.22%
JHG	A	0.21%
NFG	A	0.2%
STAG	F	0.2%
SEE	C	0.2%
OMF	A	0.2%
BC	C	0.2%
LAMR	D	0.19%
WU	D	0.19%
SON	D	0.18%
DTM	B	0.18%
FLO	D	0.18%
WBA	F	0.17%
OGN	D	0.17%
CRUS	D	0.17%
AGO	B	0.17%
AYI	B	0.17%
MSM	C	0.17%
M	D	0.17%
CHH	A	0.16%
CHRD	D	0.16%
DLB	B	0.16%
SOLV	C	0.16%
KRC	C	0.14%
HIW	D	0.14%
PII	D	0.14%
ACHC	F	0.13%
COLB	A	0.12%
AVT	C	0.12%
MAN	D	0.11%
IVZ	B	0.11%
PAG	B	0.11%
AWI	A	0.11%
NEU	C	0.11%
JWN	C	0.1%
CIVI	D	0.1%
APPF	B	0.09%
CUZ	B	0.08%
CRI	D	0.08%
KSS	F	0.07%
GAP	C	0.07%
WEN	D	0.06%
SNDR	B	0.06%
CNA	B	0.04%
SIRI	C	0.03%
DDS	B	0.03%
CNXC	F	0.03%
PLTK	B	0.02%

FLQM Underweight 65 Positions Relative to LSAF

Symbol	Grade	Weight
TRGP	B	-1.34%
VST	B	-1.32%
EXEL	B	-1.27%
OWL	A	-1.19%
AAON	B	-1.18%
BKNG	A	-1.17%
GM	B	-1.17%
PLNT	A	-1.16%
FI	A	-1.15%
DUOL	A	-1.15%
FTNT	C	-1.15%
AMP	A	-1.15%
NTNX	A	-1.14%
GS	A	-1.14%
CPAY	A	-1.13%
MAR	B	-1.08%
TMUS	B	-1.08%
PRI	A	-1.06%
EQH	B	-1.05%
GWRE	A	-1.04%
MO	A	-1.04%
WRB	A	-1.04%
AXP	A	-1.03%
HLT	A	-1.03%
EXP	A	-1.01%
LPX	B	-1.0%
EEFT	B	-1.0%
BR	A	-1.0%
ORLY	B	-0.99%
LNW	D	-0.99%
REG	B	-0.98%
MET	A	-0.98%
AIG	B	-0.98%
H	B	-0.97%
FIS	C	-0.97%
WWD	B	-0.96%
GOOGL	C	-0.96%
PSX	C	-0.95%
AFL	B	-0.95%
CAT	B	-0.94%
SPGI	C	-0.94%
LOW	D	-0.93%
POST	C	-0.93%
MPC	D	-0.93%
PVH	C	-0.93%
AAPL	C	-0.93%
CSL	C	-0.93%
AZO	C	-0.92%
SNX	C	-0.92%
GPK	C	-0.92%
PSN	D	-0.91%
SPB	C	-0.9%
TXT	D	-0.9%
CI	F	-0.9%
DD	D	-0.88%
LMT	D	-0.88%
NSA	D	-0.87%
KBR	F	-0.87%
LEN	D	-0.85%
SAIC	F	-0.85%
BLD	D	-0.84%
MHK	D	-0.81%
FBIN	D	-0.8%
HCA	F	-0.78%
WMS	D	-0.77%