FLQM vs. PHEQ ETF Comparison

Comparison of Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) to Parametric Hedged Equity ETF (PHEQ)

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

$58.02

Average Daily Volume

151,405

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

PHEQ

Parametric Hedged Equity ETF

PHEQ Description

The fund seeks to provide capital appreciation by investing its net assets in equity securities of certain U.S. large capitalization companies that are constituents of the Solactive GBS US 500 at the time of purchase.

Grade (RS Rating)

Last Trade

$29.49

Average Daily Volume

19,326

Number of Holdings ^*

203

* may have additional holdings in another (foreign) market

Performance

Period	FLQM	PHEQ
30 Days	5.47%	1.99%
60 Days	5.07%	3.02%
90 Days	5.99%	3.86%
12 Months	31.70%	16.61%

26 Overlapping Holdings

Symbol	Grade	Weight in FLQM	Weight in PHEQ	Overlap
AVB	B	1.09%	0.35%	0.35%
BAH	F	0.85%	0.12%	0.12%
BLDR	D	0.85%	0.08%	0.08%
COR	B	0.75%	0.3%	0.3%
DAL	C	1.1%	0.39%	0.39%
DOV	A	1.0%	0.33%	0.33%
DOX	D	0.35%	0.09%	0.09%
DVN	F	0.72%	0.17%	0.17%
EXPD	D	0.67%	0.23%	0.23%
FANG	D	0.84%	0.24%	0.24%
HIG	B	1.05%	0.33%	0.33%
K	A	0.37%	0.34%	0.34%
LII	A	0.84%	0.25%	0.25%
LNG	B	0.96%	0.22%	0.22%
LYB	F	0.72%	0.22%	0.22%
NDSN	B	0.49%	0.14%	0.14%
OTIS	C	0.93%	0.33%	0.33%
PHM	D	0.99%	0.3%	0.3%
RMD	C	1.06%	0.24%	0.24%
RPRX	D	0.4%	0.04%	0.04%
SIRI	C	0.03%	0.03%	0.03%
STLD	B	0.76%	0.11%	0.11%
SYF	B	1.11%	0.27%	0.27%
ULTA	F	0.7%	0.23%	0.23%
WSM	B	0.82%	0.02%	0.02%
YUM	B	0.89%	0.33%	0.33%

FLQM Overweight 174 Positions Relative to PHEQ

Symbol	Grade	Weight
FICO	B	1.62%
GRMN	B	1.17%
GWW	B	1.16%
FAST	B	1.14%
IT	C	1.14%
EA	A	1.13%
ODFL	B	1.12%
ALL	A	1.09%
MSCI	C	1.09%
PAYX	C	1.08%
TPL	A	1.04%
KR	B	1.02%
DHI	D	1.0%
HPQ	B	0.94%
WAT	B	0.94%
HPE	B	0.93%
NTAP	C	0.91%
EBAY	D	0.91%
CINF	A	0.9%
DECK	A	0.89%
CHD	B	0.89%
GDDY	A	0.89%
TSCO	D	0.89%
SYY	B	0.86%
AWK	D	0.86%
BBY	D	0.85%
CMI	A	0.84%
RF	A	0.83%
NVR	D	0.79%
MTD	D	0.77%
CLX	B	0.77%
OMC	C	0.77%
IDXX	F	0.77%
SNA	A	0.76%
MANH	D	0.76%
TROW	B	0.74%
CDW	F	0.73%
RS	B	0.7%
VRSK	A	0.69%
WSO	A	0.67%
VRSN	F	0.67%
GPC	D	0.65%
AVY	D	0.62%
UTHR	C	0.62%
RPM	A	0.61%
CF	B	0.61%
ACGL	D	0.61%
INCY	C	0.61%
TPR	B	0.6%
MAS	D	0.59%
THC	D	0.59%
EG	C	0.58%
VTRS	A	0.57%
GEN	B	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%
EHC	B	0.49%
VLTO	D	0.49%
UNM	A	0.48%
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%
JBL	B	0.45%
ALLE	D	0.45%
CPT	B	0.44%
JNPR	F	0.42%
ELS	C	0.42%
GL	B	0.42%
SAIA	B	0.42%
PAYC	B	0.4%
TOL	B	0.39%
EXPE	B	0.38%
TPX	B	0.38%
SEIC	B	0.37%
HRB	D	0.37%
MUSA	A	0.37%
BXP	D	0.37%
LDOS	C	0.37%
DCI	B	0.36%
LKQ	D	0.36%
ACI	C	0.36%
ALLY	C	0.35%
LW	C	0.35%
RL	B	0.34%
KNSL	B	0.34%
MTG	C	0.32%
ORI	A	0.31%
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%
AMG	B	0.25%
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%
DVA	B	0.22%
JHG	A	0.21%
NFG	A	0.2%
AN	C	0.2%
STAG	F	0.2%
SEE	C	0.2%
OMF	A	0.2%
BC	C	0.2%
CROX	D	0.19%
LAMR	D	0.19%
WU	D	0.19%
SON	D	0.18%
DTM	B	0.18%
FOXA	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%
LOPE	B	0.15%
KRC	C	0.14%
HIW	D	0.14%
PII	D	0.14%
COKE	C	0.13%
ACHC	F	0.13%
COLB	A	0.12%
AVT	C	0.12%
COLM	B	0.11%
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%
DDS	B	0.03%
CNXC	F	0.03%
PLTK	B	0.02%

FLQM Underweight 177 Positions Relative to PHEQ

Symbol	Grade	Weight
NVDA	C	-7.12%
AAPL	C	-6.85%
MSFT	F	-6.55%
AMZN	C	-4.1%
META	D	-2.66%
GOOGL	C	-2.28%
TSLA	B	-1.91%
GOOG	C	-1.9%
JPM	A	-1.73%
AVGO	D	-1.71%
BRK.A	B	-1.42%
XOM	B	-1.4%
LLY	F	-1.39%
UNH	C	-1.37%
V	A	-1.28%
HD	A	-1.15%
MA	C	-1.14%
PG	A	-1.09%
COST	B	-1.07%
JNJ	D	-1.04%
BAC	A	-0.98%
WMT	A	-0.96%
ABBV	D	-0.85%
CVX	A	-0.84%
NFLX	A	-0.8%
CSCO	B	-0.79%
KO	D	-0.77%
ORCL	B	-0.73%
PEP	F	-0.72%
MRK	F	-0.69%
T	A	-0.68%
WFC	A	-0.67%
LIN	D	-0.67%
CRM	B	-0.63%
NOW	A	-0.61%
ABT	B	-0.6%
TMO	F	-0.59%
TXN	C	-0.59%
LMT	D	-0.58%
ISRG	A	-0.58%
DIS	B	-0.57%
LOW	D	-0.57%
AXP	A	-0.57%
IBM	C	-0.56%
CAT	B	-0.55%
UNP	C	-0.52%
AMD	F	-0.51%
MDT	D	-0.51%
TMUS	B	-0.51%
BMY	B	-0.48%
ADBE	C	-0.48%
TRGP	B	-0.46%
KKR	A	-0.46%
AMGN	D	-0.45%
DE	A	-0.44%
WM	A	-0.44%
MMM	D	-0.44%
CTAS	B	-0.42%
ETR	B	-0.4%
TRV	B	-0.39%
MS	A	-0.39%
BKNG	A	-0.39%
PRU	A	-0.37%
PLTR	B	-0.36%
VRTX	F	-0.36%
HWM	A	-0.36%
SCHW	B	-0.35%
PPL	B	-0.34%
KLAC	D	-0.34%
RSG	A	-0.34%
LNT	A	-0.33%
QCOM	F	-0.33%
KMB	D	-0.33%
EQR	B	-0.32%
EXR	D	-0.32%
BA	F	-0.32%
ROST	C	-0.32%
MU	D	-0.31%
LH	C	-0.31%
CMS	C	-0.31%
BRO	B	-0.31%
HBAN	A	-0.31%
DTE	C	-0.31%
PANW	C	-0.3%
DRI	B	-0.3%
AEE	A	-0.3%
APO	B	-0.3%
UBER	D	-0.29%
DOC	D	-0.29%
LRCX	F	-0.29%
CNP	B	-0.28%
AME	A	-0.28%
PYPL	B	-0.28%
MAA	B	-0.27%
CFG	B	-0.26%
MRVL	B	-0.25%
MELI	D	-0.25%
ARES	A	-0.25%
GLW	B	-0.25%
MRO	B	-0.24%
L	A	-0.24%
FE	C	-0.24%
NDAQ	A	-0.24%
URI	B	-0.24%
JBHT	C	-0.24%
MKL	A	-0.23%
NEM	D	-0.23%
HEI	B	-0.22%
WRB	A	-0.21%
SSNC	B	-0.21%
REGN	F	-0.21%
ARE	D	-0.21%
AMCR	D	-0.21%
LULU	C	-0.21%
PFG	D	-0.2%
MSTR	C	-0.2%
ESS	B	-0.19%
SPOT	B	-0.19%
TTD	B	-0.18%
ZM	B	-0.18%
PPG	F	-0.18%
WBD	C	-0.18%
CPB	D	-0.18%
CSL	C	-0.18%
CRWD	B	-0.17%
CAG	D	-0.17%
IFF	D	-0.16%
AKAM	D	-0.16%
HAL	C	-0.16%
ABNB	C	-0.15%
MOH	F	-0.14%
APTV	D	-0.14%
HEI	B	-0.14%
ZBH	C	-0.14%
ON	D	-0.14%
DELL	C	-0.14%
HUBS	A	-0.14%
MGM	D	-0.13%
WDAY	B	-0.13%
DASH	A	-0.13%
HUBB	B	-0.13%
DDOG	A	-0.13%
ALNY	D	-0.13%
FCNCA	A	-0.13%
SQ	B	-0.12%
RBLX	C	-0.12%
COIN	C	-0.12%
TW	A	-0.11%
IBKR	A	-0.11%
VRT	B	-0.1%
VEEV	C	-0.1%
SUI	D	-0.1%
TRU	D	-0.09%
ZS	C	-0.08%
NET	B	-0.07%
SCCO	F	-0.07%
AGR	B	-0.07%
YUMC	C	-0.07%
DKNG	B	-0.07%
SNOW	C	-0.06%
ALGN	D	-0.06%
AVTR	F	-0.06%
TEAM	A	-0.06%
SNAP	C	-0.05%
LPLA	A	-0.05%
CE	F	-0.05%
OWL	A	-0.05%
ILMN	D	-0.05%
OKTA	C	-0.04%
WLK	D	-0.04%
BSY	D	-0.04%
CPNG	D	-0.03%
PINS	D	-0.03%
ENPH	F	-0.03%
RKT	F	-0.03%
WMG	C	-0.02%
MRNA	F	-0.01%