FLQM vs. SHRT ETF Comparison

Comparison of Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) to Gotham Short Strategies ETF (SHRT)

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

SHRT

Gotham Short Strategies ETF

SHRT Description

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing under normal circumstances in long and short positions of equity and equity-related securities (i.e., swaps), primarily of companies traded on U.S. markets. The fund"s sub-adviser, Gotham Asset Management, LLC ("Gotham" or the "Sub-Adviser") seeks to maintain the fund"s net equity exposure, which is the value of the fund"s long positions minus its short positions, at approximately 50% net short.

Grade (RS Rating)

Last Trade

$7.55

Average Daily Volume

2,487

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

Performance

Period	FLQM	SHRT
30 Days	5.47%	-7.59%
60 Days	5.07%	-8.76%
90 Days	5.99%	-8.43%
12 Months	31.70%	-6.99%

36 Overlapping Holdings

Symbol	Grade	Weight in FLQM	Weight in SHRT	Overlap
ALLE	D	0.45%	0.21%	0.21%
APPF	B	0.09%	0.15%	0.09%
AWI	A	0.11%	0.09%	0.09%
BAH	F	0.85%	0.2%	0.2%
BLDR	D	0.85%	0.02%	0.02%
CF	B	0.61%	0.34%	0.34%
CHD	B	0.89%	0.07%	0.07%
CLX	B	0.77%	0.46%	0.46%
CROX	D	0.19%	0.64%	0.19%
CRUS	D	0.17%	1.26%	0.17%
DOX	D	0.35%	0.01%	0.01%
DTM	B	0.18%	0.04%	0.04%
DVA	B	0.22%	0.01%	0.01%
EHC	B	0.49%	0.01%	0.01%
FOXA	B	0.18%	0.18%	0.18%
GDDY	A	0.89%	0.16%	0.16%
IDXX	F	0.77%	0.11%	0.11%
LII	A	0.84%	0.84%	0.84%
LKQ	D	0.36%	0.3%	0.3%
MAS	D	0.59%	0.39%	0.39%
NBIX	C	0.52%	0.17%	0.17%
NFG	A	0.2%	0.22%	0.2%
OVV	B	0.46%	0.69%	0.46%
R	B	0.25%	0.01%	0.01%
SNDR	B	0.06%	0.05%	0.05%
TER	D	0.54%	0.02%	0.02%
THC	D	0.59%	1.9%	0.59%
TPL	A	1.04%	0.09%	0.09%
TPX	B	0.38%	0.44%	0.38%
TXRH	C	0.51%	0.25%	0.25%
UHS	D	0.48%	0.8%	0.48%
VLTO	D	0.49%	0.14%	0.14%
VRSN	F	0.67%	0.07%	0.07%
VTRS	A	0.57%	0.14%	0.14%
WBA	F	0.17%	0.92%	0.17%
WSM	B	0.82%	0.23%	0.23%

FLQM Overweight 164 Positions Relative to SHRT

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%
SYF	B	1.11%
DAL	C	1.1%
AVB	B	1.09%
ALL	A	1.09%
MSCI	C	1.09%
PAYX	C	1.08%
RMD	C	1.06%
HIG	B	1.05%
KR	B	1.02%
DHI	D	1.0%
DOV	A	1.0%
PHM	D	0.99%
LNG	B	0.96%
HPQ	A	0.94%
WAT	B	0.94%
HPE	B	0.93%
OTIS	C	0.93%
NTAP	C	0.91%
EBAY	D	0.91%
CINF	A	0.9%
DECK	A	0.89%
TSCO	D	0.89%
YUM	B	0.89%
SYY	B	0.86%
AWK	D	0.86%
BBY	D	0.85%
FANG	D	0.84%
CMI	A	0.84%
RF	A	0.83%
NVR	D	0.79%
MTD	D	0.77%
OMC	C	0.77%
STLD	B	0.76%
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%
RS	B	0.7%
VRSK	A	0.69%
WSO	A	0.67%
EXPD	D	0.67%
GPC	D	0.65%
AVY	D	0.62%
UTHR	C	0.62%
RPM	A	0.61%
ACGL	D	0.61%
INCY	C	0.61%
TPR	B	0.6%
EG	C	0.58%
GEN	B	0.57%
ROL	B	0.55%
UAL	A	0.54%
GGG	B	0.53%
CASY	A	0.52%
HSY	F	0.52%
POOL	C	0.5%
FFIV	B	0.5%
NDSN	B	0.49%
UNM	A	0.48%
DKS	C	0.48%
ALSN	B	0.47%
CHRW	C	0.47%
BJ	A	0.46%
LECO	B	0.46%
CW	B	0.46%
JBL	B	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%
TOL	B	0.39%
EXPE	B	0.38%
SEIC	B	0.37%
HRB	D	0.37%
MUSA	A	0.37%
BXP	D	0.37%
LDOS	C	0.37%
K	A	0.37%
DCI	B	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%
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%
AN	C	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%
FLO	D	0.18%
OGN	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%
NEU	C	0.11%
JWN	C	0.1%
CIVI	D	0.1%
CUZ	B	0.08%
CRI	D	0.08%
KSS	F	0.07%
GAP	B	0.07%
WEN	D	0.06%
CNA	B	0.04%
SIRI	C	0.03%
DDS	B	0.03%
CNXC	F	0.03%
PLTK	B	0.02%

FLQM Underweight 164 Positions Relative to SHRT

Symbol	Grade	Weight
GM	B	-2.09%
TGT	F	-2.05%
LRCX	F	-1.84%
LPX	B	-1.65%
FMC	D	-1.45%
BIIB	F	-1.36%
CHWY	B	-1.34%
CVX	A	-1.31%
SWKS	F	-1.21%
TSN	B	-1.15%
ELAN	D	-1.13%
EOG	A	-1.12%
RVTY	F	-1.12%
PPC	C	-1.09%
GTLS	B	-1.08%
QGEN	D	-1.01%
ZBRA	B	-1.0%
JBHT	C	-0.9%
QRVO	F	-0.88%
MATX	C	-0.83%
MU	D	-0.82%
CHTR	C	-0.82%
JCI	C	-0.81%
NOC	D	-0.81%
MTZ	B	-0.8%
D	C	-0.8%
KLAC	D	-0.8%
UPS	C	-0.8%
TKO	B	-0.78%
CTLT	B	-0.75%
INGR	B	-0.73%
FCX	D	-0.71%
MKSI	C	-0.71%
CEG	D	-0.69%
ICUI	D	-0.67%
STX	D	-0.66%
WDC	D	-0.65%
LHX	C	-0.65%
PFE	D	-0.65%
J	F	-0.63%
CL	D	-0.63%
MOH	F	-0.63%
BALL	D	-0.62%
MUR	D	-0.61%
MRO	B	-0.59%
HOLX	D	-0.58%
ENPH	F	-0.57%
KMX	B	-0.56%
EL	F	-0.56%
RGEN	D	-0.55%
POST	C	-0.55%
ANET	C	-0.51%
EME	C	-0.5%
AVNT	B	-0.5%
CNX	A	-0.5%
ECL	D	-0.5%
AVTR	F	-0.49%
ABBV	D	-0.48%
NCLH	B	-0.48%
FSS	B	-0.47%
EXEL	B	-0.46%
SCCO	F	-0.45%
HALO	F	-0.44%
GNRC	B	-0.43%
BMRN	D	-0.42%
CCK	C	-0.4%
SLGN	A	-0.38%
LTH	C	-0.37%
VMC	B	-0.36%
HAS	D	-0.35%
NSC	B	-0.35%
DD	D	-0.35%
TRU	D	-0.34%
ZTS	D	-0.33%
IQV	D	-0.33%
GD	F	-0.33%
MSGS	A	-0.32%
VMI	B	-0.32%
AMAT	F	-0.31%
CI	F	-0.31%
XRAY	F	-0.31%
JAZZ	B	-0.3%
HES	B	-0.3%
TWLO	A	-0.29%
BLD	D	-0.29%
MMS	F	-0.29%
CTRA	B	-0.27%
SO	D	-0.27%
EMR	A	-0.26%
UI	A	-0.26%
ONTO	D	-0.26%
ASH	D	-0.24%
BPMC	C	-0.24%
SYK	C	-0.23%
SKYW	B	-0.23%
ILMN	D	-0.22%
LEVI	F	-0.22%
FLS	B	-0.21%
PSN	D	-0.21%
HIMS	C	-0.2%
EFX	F	-0.2%
COTY	F	-0.2%
MRVL	B	-0.2%
EW	C	-0.19%
TYL	C	-0.19%
CHDN	B	-0.18%
H	B	-0.17%
ALKS	B	-0.17%
GFS	C	-0.16%
ACIW	B	-0.16%
ESI	A	-0.16%
EMN	D	-0.16%
ADMA	B	-0.15%
KTB	B	-0.15%
SHAK	C	-0.14%
RKLB	B	-0.13%
SWX	B	-0.13%
LYFT	C	-0.13%
ISRG	A	-0.12%
INFA	D	-0.12%
TMO	F	-0.12%
PODD	C	-0.11%
GMED	A	-0.11%
CNI	D	-0.11%
PNR	A	-0.1%
IPG	D	-0.1%
FCN	D	-0.09%
SEM	B	-0.09%
OLED	D	-0.09%
KEX	C	-0.09%
PEN	B	-0.09%
SPOT	B	-0.08%
RGLD	C	-0.08%
PLXS	B	-0.08%
IGT	F	-0.08%
NOV	C	-0.08%
REGN	F	-0.08%
PTC	A	-0.07%
CWAN	B	-0.07%
ABG	B	-0.07%
ROST	C	-0.06%
PRIM	A	-0.06%
NXST	C	-0.05%
QTWO	A	-0.05%
FTDR	A	-0.04%
NTRA	B	-0.03%
MPWR	F	-0.03%
UBER	D	-0.03%
CMC	B	-0.03%
PWR	A	-0.02%
AOS	F	-0.02%
DNB	B	-0.02%
BFAM	D	-0.02%
HSIC	B	-0.02%
APG	B	-0.02%
MTCH	D	-0.02%
TTEK	F	-0.02%
RUSHA	C	-0.01%
GEHC	F	-0.01%
IAC	D	-0.01%
SITM	B	-0.01%
ZBH	C	-0.01%
OPCH	D	-0.01%
CRVL	A	-0.0%