FLQS vs. IQRA ETF Comparison

Comparison of Franklin LibertyQ U.S. Small Cap Equity ETF (FLQS) to IQ MacKay Municipal Insured ETF IQ CBRE Real Assets ETF (IQRA)

FLQS

Franklin LibertyQ U.S. Small Cap Equity ETF

FLQS Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Small Cap Equity Index (the U.S. Small Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Small Cap underlying index. The U.S. Small Cap underlying index is based on the Russell 2000® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$43.61

Average Daily Volume

3,027

Number of Holdings ^*

463

* may have additional holdings in another (foreign) market

IQRA

IQ MacKay Municipal Insured ETF IQ CBRE Real Assets ETF

IQRA Description

The fund will normally invest at least 80% of its assets (net assets plus borrowings for investment purposes) in securities issued by real assets companies. Under normal circumstances, the fund invests primarily in common stock, but may also invest in other equity securities including preferred stock, convertible securities, rights or warrants to buy common stocks, master limited partnerships ("MLPs"), and depositary receipts with characteristics similar to common stock.

Grade (RS Rating)

Last Trade

$26.96

Average Daily Volume

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLQS	IQRA
30 Days	2.40%	-3.41%
60 Days	3.47%	-3.20%
90 Days	8.35%	2.14%
12 Months	25.78%	20.61%

1 Overlapping Holdings

	Symbol	Grade	Weight in FLQS	Weight in IQRA	Overlap
	FCPT	C	0.33%	0.32%	0.32%

FLQS Overweight 462 Positions Relative to IQRA

Symbol	Grade	Weight
SFM	B	1.68%
MLI	B	1.33%
AIT	A	1.29%
CVLT	B	1.19%
JXN	B	1.06%
UFPI	C	0.99%
BMI	C	0.92%
SPSC	F	0.9%
QLYS	C	0.83%
CMC	B	0.83%
KTB	A	0.82%
CSWI	A	0.82%
ESNT	D	0.79%
WTS	A	0.77%
RMBS	C	0.77%
ANF	C	0.74%
EXPO	D	0.74%
MOG.A	B	0.73%
GPI	B	0.71%
BCC	A	0.7%
MMSI	A	0.69%
ALKS	C	0.69%
IBP	F	0.68%
MATX	B	0.68%
FELE	B	0.68%
CORT	C	0.66%
SWX	A	0.66%
KFY	B	0.65%
SIGI	B	0.64%
HOMB	A	0.64%
BOX	B	0.62%
KAI	A	0.62%
LRN	A	0.62%
GMS	B	0.61%
BCO	F	0.59%
FTDR	B	0.58%
WDFC	B	0.58%
CEIX	A	0.58%
NSIT	F	0.58%
SIG	C	0.58%
MGY	A	0.57%
BDC	B	0.57%
IDCC	A	0.56%
PBH	A	0.55%
CTRE	D	0.54%
CRC	A	0.54%
PNM	B	0.53%
SKT	A	0.53%
CALM	A	0.52%
ASB	B	0.51%
RUSHA	B	0.49%
SHOO	D	0.48%
MGEE	A	0.48%
BLKB	C	0.47%
ASO	F	0.47%
TGNA	B	0.46%
HIMS	C	0.46%
WK	B	0.46%
ESE	A	0.46%
LANC	D	0.46%
MWA	B	0.46%
ICFI	F	0.44%
MHO	D	0.44%
TDS	B	0.44%
HCC	B	0.43%
BXMT	D	0.43%
AWR	A	0.43%
NOG	A	0.43%
ATKR	C	0.43%
PLXS	B	0.42%
SXT	C	0.42%
NWE	C	0.42%
SR	A	0.41%
CRVL	A	0.41%
AEO	F	0.41%
WERN	B	0.41%
ATGE	B	0.41%
NMIH	D	0.4%
CAKE	B	0.4%
GNW	A	0.4%
PRGS	B	0.39%
HNI	B	0.39%
IOSP	C	0.39%
ACIW	B	0.39%
BNL	D	0.39%
OTTR	C	0.38%
VRNS	F	0.38%
CWT	D	0.38%
IPAR	C	0.37%
BTU	B	0.37%
YELP	C	0.37%
GEO	A	0.37%
AVA	C	0.36%
SLVM	B	0.36%
EPRT	C	0.36%
CARG	A	0.36%
MGRC	B	0.36%
ARCH	B	0.36%
FSS	B	0.35%
IIPR	F	0.35%
GOLF	B	0.35%
AROC	A	0.35%
NARI	B	0.35%
PLUS	F	0.35%
NSP	F	0.35%
TNET	F	0.35%
PATK	C	0.34%
CPRX	C	0.34%
UNF	B	0.34%
CVBF	A	0.34%
LCII	D	0.34%
PBF	D	0.32%
AMR	C	0.32%
OSIS	A	0.32%
ENVA	B	0.31%
STRA	C	0.31%
ACLS	F	0.31%
CNMD	C	0.3%
SXI	A	0.3%
PSMT	D	0.3%
JJSF	C	0.3%
NBTB	B	0.29%
PRDO	B	0.28%
STNG	F	0.28%
UFPT	C	0.28%
CNO	A	0.28%
LZB	A	0.27%
PRIM	A	0.27%
ACAD	C	0.27%
EXTR	C	0.27%
VCTR	B	0.26%
UPBD	C	0.26%
LMAT	A	0.26%
PDCO	D	0.26%
HI	C	0.25%
ENR	A	0.25%
OPCH	F	0.25%
ALG	C	0.25%
VSH	F	0.25%
CSGS	B	0.25%
IESC	B	0.25%
FL	F	0.25%
REZI	A	0.25%
ROIC	A	0.24%
MCY	A	0.24%
TNC	F	0.24%
CHCO	B	0.23%
NWBI	A	0.23%
NHC	B	0.23%
CENTA	C	0.23%
MLKN	F	0.23%
HEES	B	0.23%
HWKN	B	0.23%
BKE	A	0.23%
GEF	B	0.23%
DORM	B	0.23%
PJT	B	0.23%
GPOR	A	0.22%
CALX	F	0.22%
PZZA	D	0.22%
SBH	A	0.22%
EPC	D	0.21%
HURN	B	0.21%
SONO	C	0.21%
CMPR	F	0.21%
WWW	A	0.21%
SJW	F	0.21%
ATRC	C	0.21%
APAM	A	0.2%
LTC	B	0.2%
APOG	B	0.19%
INSW	F	0.19%
ATEN	A	0.19%
VCEL	B	0.19%
KFRC	D	0.19%
INMD	C	0.19%
NWN	A	0.19%
MD	B	0.19%
DFIN	D	0.19%
BLMN	F	0.19%
RVLV	B	0.19%
NTCT	B	0.18%
NVEE	F	0.18%
YOU	D	0.18%
FIZZ	B	0.18%
OXM	F	0.18%
PRK	B	0.18%
WMK	B	0.18%
NSSC	F	0.18%
HOPE	B	0.18%
HELE	C	0.18%
AAT	C	0.17%
GABC	A	0.17%
SCS	B	0.17%
CRAI	B	0.17%
AGYS	A	0.17%
EPAC	B	0.17%
GFF	B	0.17%
UVV	B	0.17%
CBRL	C	0.17%
MCRI	A	0.16%
SFL	D	0.16%
SRCE	B	0.16%
HLIT	F	0.16%
CAL	F	0.16%
INVA	C	0.16%
GIII	D	0.16%
BRKL	B	0.15%
IMKTA	C	0.15%
ACT	D	0.15%
BBSI	A	0.15%
DLX	A	0.15%
HSII	B	0.15%
PEBO	A	0.15%
PDM	D	0.15%
PFBC	B	0.14%
UNFI	A	0.14%
EMBC	C	0.14%
AMN	F	0.14%
OCFC	A	0.14%
ODP	F	0.13%
TMP	A	0.13%
SXC	A	0.13%
SYBT	B	0.13%
XPEL	C	0.13%
MRTN	C	0.13%
SAH	B	0.13%
IMXI	B	0.12%
HCKT	B	0.12%
MNRO	B	0.12%
HRMY	D	0.12%
CRGY	A	0.12%
CWH	C	0.12%
BLX	B	0.12%
UPWK	C	0.12%
DXPE	B	0.12%
REVG	B	0.11%
SMP	C	0.11%
CNXN	D	0.11%
GRC	B	0.11%
PRO	C	0.11%
MLR	C	0.11%
BHE	B	0.11%
MDXG	A	0.11%
UTL	D	0.11%
FWRD	D	0.11%
ELME	D	0.1%
AESI	B	0.1%
TILE	B	0.1%
YEXT	B	0.1%
SPTN	F	0.1%
JACK	C	0.1%
ZIP	D	0.1%
SPNS	F	0.1%
EGBN	B	0.1%
JBSS	F	0.1%
ETD	D	0.1%
SSTK	F	0.1%
UTI	A	0.1%
IDT	B	0.1%
TRST	A	0.09%
HTLD	B	0.09%
SCVL	F	0.09%
SCHL	F	0.09%
FIGS	F	0.09%
GOGL	C	0.09%
OSPN	B	0.09%
RGR	F	0.09%
DHT	D	0.09%
WNC	C	0.09%
AORT	B	0.08%
PTLO	F	0.08%
LQDT	A	0.08%
SWBI	D	0.08%
KREF	D	0.08%
IRWD	D	0.08%
ACCO	B	0.08%
MATW	C	0.08%
RYI	C	0.08%
CMRE	B	0.08%
THR	B	0.08%
EBF	D	0.08%
USNA	C	0.07%
FC	F	0.07%
KELYA	F	0.07%
UHT	D	0.07%
COLL	F	0.07%
IRMD	B	0.07%
CVI	D	0.07%
NFBK	B	0.07%
EGY	F	0.07%
WRLD	D	0.07%
YORW	D	0.07%
CASS	B	0.07%
BBW	B	0.07%
NRDS	C	0.07%
SMBC	B	0.07%
TRTX	B	0.07%
PAHC	B	0.07%
LINC	C	0.06%
LOVE	A	0.06%
HY	D	0.06%
FFIC	B	0.06%
CPF	A	0.06%
NUS	C	0.06%
TPB	A	0.06%
MYE	F	0.06%
LPG	F	0.06%
ASC	F	0.06%
FOR	F	0.06%
BDN	D	0.06%
LILAK	F	0.06%
CCSI	B	0.06%
VITL	F	0.06%
FMNB	B	0.06%
GIC	F	0.06%
CHCT	C	0.06%
AXGN	D	0.06%
RUSHB	B	0.06%
PGRE	D	0.06%
LYTS	A	0.06%
CYH	F	0.06%
MCFT	C	0.05%
HTBK	A	0.05%
GCO	B	0.05%
RGP	F	0.05%
LGTY	B	0.05%
OOMA	A	0.05%
NGVC	B	0.05%
NPK	C	0.05%
RMR	F	0.05%
NRC	F	0.05%
TCMD	A	0.05%
SIGA	F	0.05%
ULH	B	0.05%
LXFR	B	0.05%
NVEC	D	0.05%
BASE	C	0.05%
FBIZ	B	0.05%
CENT	C	0.05%
VLGEA	B	0.05%
SRDX	C	0.05%
ENFN	A	0.05%
CCRN	F	0.05%
DJCO	B	0.05%
GEF	B	0.05%
FCBC	B	0.05%
MCW	C	0.05%
BV	C	0.05%
HVT	D	0.05%
CFB	B	0.05%
SMLR	B	0.04%
PKST	F	0.04%
IBTA	D	0.04%
GNTY	A	0.04%
NAT	F	0.04%
HBCP	B	0.04%
MITK	C	0.04%
CMTG	D	0.04%
TITN	C	0.04%
ODC	D	0.04%
SPOK	B	0.04%
REPX	A	0.04%
VNDA	C	0.04%
FLIC	A	0.04%
PLPC	B	0.04%
BMRC	A	0.04%
NECB	B	0.04%
TMCI	C	0.04%
PFIS	B	0.04%
MOV	C	0.04%
KRT	B	0.03%
JAKK	C	0.03%
KRNY	B	0.03%
OFLX	C	0.03%
OLP	B	0.03%
CMPO	B	0.03%
TTSH	D	0.03%
FLWS	D	0.03%
ALX	D	0.03%
IMMR	F	0.03%
GCMG	B	0.03%
YMAB	F	0.03%
PKBK	A	0.03%
LILA	F	0.03%
MED	F	0.03%
BWMN	C	0.03%
PFMT	F	0.03%
ORGO	B	0.03%
EVER	F	0.03%
NATH	B	0.03%
PBPB	B	0.03%
WEYS	B	0.03%
VPG	F	0.03%
RMAX	D	0.03%
RLGT	B	0.03%
GRNT	A	0.03%
AMCX	C	0.03%
SB	D	0.03%
METC	C	0.03%
TH	C	0.03%
RM	D	0.03%
SEMR	D	0.03%
JILL	C	0.02%
RMNI	C	0.02%
III	C	0.02%
SGC	C	0.02%
REFI	A	0.02%
ESCA	C	0.02%
APEI	B	0.02%
MYPS	C	0.02%
FLXS	B	0.02%
AVNW	F	0.02%
SNBR	F	0.02%
GWRS	B	0.02%
RCKY	F	0.02%
INFU	B	0.02%
RELL	B	0.02%
CHMG	A	0.02%
HOFT	C	0.02%
EPM	A	0.02%
CZNC	B	0.02%
ESSA	B	0.02%
JYNT	D	0.02%
DXLG	D	0.02%
JOUT	F	0.02%
REAL	B	0.02%
IBEX	A	0.02%
DBI	F	0.02%
ZYXI	D	0.02%
CIO	F	0.02%
CDXC	A	0.02%
MG	F	0.02%
NATR	C	0.02%
LCUT	F	0.01%
CURV	C	0.01%
CIX	C	0.01%
FENC	F	0.01%
NTIC	C	0.01%
LWAY	C	0.01%
METCB	C	0.01%
PBYI	D	0.01%
STKS	F	0.01%
NL	B	0.01%
HBIO	F	0.01%
SEVN	C	0.01%
CPSS	B	0.01%
QIPT	F	0.01%
HBB	F	0.01%
CMT	F	0.01%
MPX	C	0.01%
VIRC	C	0.01%
GAMB	B	0.01%
FSTR	B	0.01%
BSVN	A	0.01%
FORR	D	0.01%
BTMD	B	0.01%
VRA	D	0.01%
GPMT	C	0.01%
EGAN	D	0.01%
NREF	A	0.01%
MAPS	C	0.0%

FLQS Underweight 46 Positions Relative to IQRA

Symbol	Grade	Weight
SPG	A	-5.24%
O	D	-3.83%
EQIX	A	-3.7%
TRGP	A	-3.35%
CSX	B	-2.74%
WEC	A	-2.63%
SUI	D	-2.15%
NEE	C	-2.09%
WELL	A	-2.06%
AMT	D	-1.97%
PPL	A	-1.57%
PCG	A	-1.55%
HST	D	-1.44%
REG	A	-1.31%
CUBE	C	-1.3%
DLR	A	-1.2%
UE	B	-1.04%
ATO	A	-1.02%
ADC	A	-1.01%
EXR	C	-1.0%
PAGP	A	-0.94%
IRM	D	-0.92%
CMS	C	-0.92%
XEL	A	-0.9%
ESRT	D	-0.89%
WTRG	B	-0.87%
REXR	F	-0.84%
OGE	A	-0.84%
CNI	F	-0.82%
VICI	C	-0.79%
SRE	A	-0.77%
DTE	C	-0.76%
EVRG	A	-0.75%
NSC	B	-0.74%
AES	F	-0.71%
COLD	F	-0.71%
CNP	A	-0.66%
CPK	A	-0.63%
BRX	A	-0.62%
AEE	A	-0.53%
PSA	C	-0.5%
CEG	D	-0.48%
ALE	A	-0.41%
INVH	D	-0.41%
KMI	A	-0.35%
POR	C	-0.34%