FLSP vs. FELC ETF Comparison

Comparison of Franklin Liberty Systematic Style Premia ETF (FLSP) to Fidelity Enhanced Large Cap Core ETF (FELC)

FLSP

Franklin Liberty Systematic Style Premia ETF

FLSP Description

The investment seeks absolute return. The fund seeks to achieve its investment goal by allocating its assets across two underlying alternative investment strategies, which represent top-down and bottom-up approaches to capturing factor-based risk premia. Through the two strategies, it may invest in or obtain exposure to: (i) equity securities (which may include common stocks and preferred stocks), (ii) debt securities (which may include bonds, notes, debentures, banker's acceptances and commercial paper), (iii) commodity-linked derivative instruments and (iv) currency-related derivative instruments.

Grade (RS Rating)

Last Trade

$24.11

Average Daily Volume

11,449

Number of Holdings ^*

183

* may have additional holdings in another (foreign) market

FELC

Fidelity Enhanced Large Cap Core ETF

FELC Description

The fund will normally invest at least 80% of assets in common stocks included in the S&P 500® Index, which is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$33.43

Average Daily Volume

581,796

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	FLSP	FELC
30 Days	0.69%	3.27%
60 Days	0.06%	5.09%
90 Days	0.73%	6.09%
12 Months	6.54%	33.74%

59 Overlapping Holdings

Symbol	Grade	Weight in FLSP	Weight in FELC	Overlap
A	D	0.23%	0.03%	0.03%
ABBV	D	0.59%	1.02%	0.59%
ADBE	C	0.91%	0.94%	0.91%
AMAT	F	0.66%	0.68%	0.66%
BK	A	0.31%	0.11%	0.11%
BKNG	A	0.87%	0.13%	0.13%
BMY	B	0.59%	0.75%	0.59%
CAH	B	0.12%	0.31%	0.12%
CI	F	0.22%	0.63%	0.22%
CL	D	0.36%	0.47%	0.36%
CMCSA	B	0.42%	0.86%	0.42%
CRM	B	0.7%	1.15%	0.7%
CSX	B	0.31%	0.54%	0.31%
CTAS	B	0.35%	0.69%	0.35%
DOCU	A	0.1%	0.02%	0.02%
DVN	F	0.13%	0.53%	0.13%
EOG	A	0.44%	0.54%	0.44%
FTNT	C	0.32%	0.15%	0.15%
GILD	C	0.61%	0.74%	0.61%
GOOG	C	0.11%	1.9%	0.11%
HD	A	0.28%	1.29%	0.28%
IDXX	F	0.14%	0.22%	0.14%
INCY	C	0.07%	0.28%	0.07%
KR	B	0.24%	0.03%	0.03%
LDOS	C	0.13%	0.24%	0.13%
MA	C	0.77%	1.36%	0.77%
META	D	0.45%	2.89%	0.45%
MGM	D	0.05%	0.3%	0.05%
MMM	D	0.41%	0.13%	0.13%
MS	A	0.15%	0.31%	0.15%
MSFT	F	0.57%	5.68%	0.57%
MSI	B	0.48%	0.5%	0.48%
NBIX	C	0.08%	0.11%	0.08%
NFLX	A	0.45%	1.3%	0.45%
NOW	A	0.75%	0.55%	0.55%
NRG	B	0.12%	0.11%	0.11%
NUE	C	0.14%	0.2%	0.14%
NVDA	C	0.62%	7.39%	0.62%
PCAR	B	0.14%	0.52%	0.14%
PG	A	0.13%	0.72%	0.13%
PYPL	B	0.45%	0.34%	0.34%
QCOM	F	0.83%	0.88%	0.83%
RTX	C	0.34%	0.7%	0.34%
SEIC	B	0.06%	0.3%	0.06%
SPG	B	0.35%	0.59%	0.35%
SSNC	B	0.09%	0.38%	0.09%
STLD	B	0.11%	0.06%	0.06%
SWKS	F	0.08%	0.03%	0.03%
T	A	0.63%	0.73%	0.63%
TJX	A	0.75%	0.59%	0.59%
TMO	F	0.34%	0.33%	0.33%
TROW	B	0.16%	0.31%	0.16%
TWLO	A	0.09%	0.13%	0.09%
TXT	D	0.09%	0.52%	0.09%
UBER	D	0.49%	0.14%	0.14%
VEEV	C	0.12%	0.08%	0.08%
VST	B	0.29%	0.12%	0.12%
WMT	A	0.75%	1.14%	0.75%
ZM	B	0.1%	0.51%	0.1%

FLSP Overweight 124 Positions Relative to FELC

Symbol	Grade	Weight
INTU	C	0.68%
MDT	D	0.6%
VRTX	F	0.49%
NVS	D	0.48%
ADSK	A	0.36%
HCA	F	0.36%
GM	B	0.36%
FICO	B	0.34%
AFL	B	0.33%
REGN	F	0.33%
CDNS	B	0.32%
APP	B	0.31%
LNG	B	0.29%
MPC	D	0.27%
FDX	B	0.27%
FIS	C	0.26%
CMI	A	0.25%
VLO	C	0.25%
KMB	D	0.23%
PH	A	0.23%
PSX	C	0.23%
EA	A	0.23%
BCS	C	0.23%
CPRT	A	0.22%
AMP	A	0.22%
RCL	A	0.21%
MET	A	0.21%
AIG	B	0.21%
CTSH	B	0.21%
SNPS	B	0.2%
HPQ	B	0.2%
VICI	C	0.19%
TGT	F	0.19%
HIG	B	0.19%
EBAY	D	0.18%
SE	B	0.18%
APH	A	0.18%
IQV	D	0.17%
STT	A	0.17%
LULU	C	0.16%
ADM	D	0.16%
DECK	A	0.16%
NTAP	C	0.16%
IR	B	0.16%
MELI	D	0.16%
GDDY	A	0.15%
SYY	B	0.15%
MTD	D	0.15%
ANSS	B	0.14%
WAT	B	0.14%
EXPE	B	0.14%
AWK	D	0.13%
CNC	D	0.13%
AVB	B	0.13%
LIN	D	0.13%
TYL	B	0.13%
CBOE	B	0.12%
K	A	0.12%
VTR	C	0.12%
CPAY	A	0.12%
NTRS	A	0.12%
LYV	A	0.12%
BR	A	0.12%
BBY	D	0.11%
CSL	C	0.11%
STX	D	0.11%
PKG	A	0.11%
HOLX	D	0.11%
LII	A	0.11%
WSM	B	0.11%
LVS	C	0.11%
LYB	F	0.11%
PHM	D	0.11%
MRO	B	0.1%
EL	F	0.1%
JBL	B	0.1%
MAS	D	0.1%
MOH	F	0.1%
RS	B	0.1%
CF	B	0.1%
UTHR	C	0.1%
VRSN	F	0.1%
BLDR	D	0.1%
PTC	A	0.1%
SNA	A	0.1%
FE	C	0.1%
GEN	B	0.1%
UDR	B	0.09%
L	A	0.09%
ROL	B	0.09%
VTRS	A	0.09%
EQH	B	0.09%
OC	A	0.09%
EXPD	D	0.09%
MANH	D	0.09%
AVTR	F	0.08%
DT	C	0.08%
OVV	B	0.08%
CHRW	C	0.08%
FFIV	B	0.08%
REG	B	0.08%
DPZ	C	0.08%
PAYC	B	0.07%
FOXA	B	0.07%
TAP	C	0.07%
DKS	C	0.07%
BG	F	0.07%
GLPI	C	0.07%
UHS	D	0.07%
ACI	C	0.06%
MKTX	D	0.06%
MTCH	D	0.06%
CHKP	D	0.06%
TER	D	0.06%
RPRX	D	0.06%
AIZ	A	0.06%
RPM	A	0.05%
AER	B	0.05%
WYNN	D	0.05%
MOS	F	0.05%
CRBG	B	0.05%
ON	D	0.04%
COR	B	0.04%
HII	D	0.04%

FLSP Underweight 111 Positions Relative to FELC

Symbol	Grade	Weight
AAPL	C	-7.38%
AMZN	C	-3.93%
BRK.A	B	-2.25%
GOOGL	C	-2.05%
JPM	A	-1.94%
AVGO	D	-1.72%
XOM	B	-1.56%
TSLA	B	-1.31%
BAC	A	-1.2%
MRK	F	-0.99%
PM	B	-0.94%
NEE	D	-0.84%
V	A	-0.82%
SCHW	B	-0.8%
UNP	C	-0.76%
LLY	F	-0.76%
JNJ	D	-0.74%
PGR	A	-0.74%
LMT	D	-0.71%
MU	D	-0.66%
CSCO	B	-0.66%
DIS	B	-0.65%
ECL	D	-0.63%
KLAC	D	-0.63%
BDX	F	-0.62%
NOC	D	-0.6%
SQ	B	-0.58%
UNH	C	-0.57%
CAT	B	-0.57%
ABT	B	-0.56%
CVNA	B	-0.55%
DBX	B	-0.52%
TT	A	-0.52%
CME	A	-0.5%
IGT	F	-0.46%
EXEL	B	-0.45%
LRCX	F	-0.44%
TRV	B	-0.43%
ANF	C	-0.42%
PFE	D	-0.42%
CACI	D	-0.4%
GE	D	-0.39%
NSC	B	-0.38%
TDC	D	-0.37%
AON	A	-0.35%
CMG	B	-0.35%
MSCI	C	-0.33%
ALLE	D	-0.33%
AMGN	D	-0.33%
WM	A	-0.32%
SPGI	C	-0.31%
TMUS	B	-0.31%
COST	B	-0.31%
AXP	A	-0.31%
PPG	F	-0.3%
MMC	B	-0.29%
CCL	B	-0.26%
CVS	D	-0.25%
AMT	D	-0.24%
RSG	A	-0.24%
SKYW	B	-0.23%
GAP	C	-0.22%
GRMN	B	-0.22%
LHX	C	-0.21%
LYFT	C	-0.21%
GL	B	-0.21%
MEDP	D	-0.21%
ADP	B	-0.2%
ALRM	C	-0.2%
OXY	D	-0.19%
DASH	A	-0.18%
WDAY	B	-0.16%
GS	A	-0.15%
ED	D	-0.15%
WTW	B	-0.14%
UNM	A	-0.12%
PNC	B	-0.12%
QRVO	F	-0.12%
CLX	B	-0.11%
ANET	C	-0.11%
F	C	-0.11%
BLD	D	-0.11%
LNW	D	-0.11%
BBWI	D	-0.11%
BIIB	F	-0.1%
PEGA	A	-0.1%
WFC	A	-0.1%
HWM	A	-0.1%
PSA	D	-0.09%
SOLV	C	-0.09%
MKL	A	-0.08%
FR	C	-0.08%
ZBRA	B	-0.06%
MCK	B	-0.06%
DHI	D	-0.06%
VZ	C	-0.06%
ORCL	B	-0.05%
AXTA	A	-0.05%
SCCO	F	-0.05%
PEP	F	-0.05%
PLTK	B	-0.04%
ROST	C	-0.04%
GEHC	F	-0.04%
SYK	C	-0.03%
CRUS	D	-0.03%
LPLA	A	-0.03%
GPN	B	-0.02%
C	A	-0.02%
WBD	C	-0.01%
AES	F	-0.01%
CVX	A	-0.01%