FLSP vs. FTHI ETF Comparison

Comparison of Franklin Liberty Systematic Style Premia ETF (FLSP) to First Trust High Income ETF (FTHI)

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

$23.91

Average Daily Volume

11,800

Number of Holdings ^*

172

* may have additional holdings in another (foreign) market

FTHI

First Trust High Income ETF

FTHI Description

The investment seeks current income; capital appreciation is a secondary objective. The fund will pursue its objectives by investing in large cap equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of writing (selling) U.S. exchange-traded covered call options on the Standard & Poor's 500(c) Index (the "index"). The market value of the option strategy may be up to 20% of the fund's overall net asset value. The equity securities in which the fund will invest and the options which the fund will write will be limited to U.S. exchange-traded securities and options. It is non-diversified.

Grade (RS Rating)

Last Trade

$22.96

Average Daily Volume

199,468

Number of Holdings ^*

165

* may have additional holdings in another (foreign) market

Performance

Period	FLSP	FTHI
30 Days	0.93%	1.98%
60 Days	1.31%	3.02%
90 Days	1.04%	2.93%
12 Months	5.75%	18.25%

31 Overlapping Holdings

Symbol	Grade	Weight in FLSP	Weight in FTHI	Overlap
ABBV	B	0.64%	0.75%	0.64%
ADBE	F	0.47%	0.49%	0.47%
AMAT	D	0.56%	0.36%	0.36%
BKNG	B	0.7%	0.29%	0.29%
CL	C	0.46%	0.23%	0.23%
CRM	C	0.71%	0.55%	0.55%
DECK	C	0.13%	0.37%	0.13%
ELV	D	0.58%	0.13%	0.13%
GILD	B	0.46%	0.45%	0.45%
GOOG	D	0.11%	1.78%	0.11%
HD	B	0.3%	0.88%	0.3%
INTU	D	0.76%	0.42%	0.42%
LIN	B	0.15%	0.44%	0.15%
MA	B	0.84%	0.87%	0.84%
META	B	0.49%	2.57%	0.49%
MSFT	C	0.66%	7.07%	0.66%
MSI	B	0.41%	0.16%	0.16%
NOW	C	0.74%	0.38%	0.38%
NVDA	C	0.6%	5.54%	0.6%
NVS	C	0.6%	0.58%	0.58%
PG	C	0.12%	0.85%	0.12%
QCOM	D	0.56%	0.38%	0.38%
SPG	B	0.24%	0.05%	0.05%
T	B	0.67%	0.36%	0.36%
TGT	C	0.27%	0.12%	0.12%
TJX	C	0.6%	0.33%	0.33%
TMO	B	0.47%	0.48%	0.47%
V	C	0.59%	0.98%	0.59%
VEEV	C	0.14%	0.3%	0.14%
VST	B	0.21%	0.68%	0.21%
WMT	B	0.75%	0.66%	0.66%

FLSP Overweight 141 Positions Relative to FTHI

Symbol	Grade	Weight
UBER	C	0.61%
VRTX	D	0.53%
REGN	D	0.5%
CMCSA	C	0.43%
PYPL	B	0.4%
CTAS	C	0.36%
CSX	C	0.34%
AFL	A	0.33%
EOG	D	0.31%
CDNS	D	0.31%
MPC	F	0.3%
GM	C	0.3%
ADSK	B	0.29%
FDX	D	0.28%
CI	C	0.27%
FIS	C	0.26%
FICO	B	0.26%
CMI	B	0.25%
FTNT	B	0.25%
PSX	F	0.25%
BK	B	0.24%
A	C	0.24%
MET	B	0.23%
CPRT	D	0.23%
TEL	D	0.23%
PH	B	0.23%
LNG	D	0.23%
IQV	D	0.22%
AIG	D	0.22%
VLO	F	0.22%
BCS	B	0.21%
AMP	B	0.21%
KR	B	0.21%
KMB	C	0.21%
CTSH	B	0.2%
SNPS	F	0.2%
MELI	C	0.2%
EA	D	0.2%
EBAY	B	0.19%
IDXX	D	0.19%
CNC	D	0.18%
MTD	C	0.18%
RCL	B	0.18%
HPQ	C	0.18%
APH	C	0.18%
IR	B	0.17%
SE	B	0.17%
SYY	C	0.17%
NUE	D	0.16%
VICI	C	0.15%
NTAP	D	0.15%
STT	B	0.15%
LULU	D	0.15%
PCAR	D	0.14%
TROW	C	0.14%
EL	D	0.14%
PHM	B	0.14%
DVN	F	0.14%
ANSS	D	0.14%
AVB	C	0.14%
VTR	C	0.13%
BR	C	0.13%
GDDY	C	0.13%
HIG	B	0.13%
APP	C	0.13%
LDOS	A	0.12%
CAH	C	0.12%
TYL	C	0.12%
FE	B	0.12%
PKG	B	0.12%
AWK	C	0.12%
CSL	B	0.12%
LYB	D	0.12%
BLDR	C	0.12%
WAT	B	0.12%
K	A	0.11%
EXPE	C	0.11%
TXT	D	0.11%
PTC	C	0.11%
BBY	A	0.11%
CPAY	B	0.11%
STX	B	0.11%
MAS	B	0.1%
MRO	D	0.1%
OC	C	0.1%
LII	C	0.1%
LVS	C	0.1%
CF	B	0.1%
MOH	D	0.1%
ZM	C	0.1%
CBOE	C	0.1%
HOLX	D	0.1%
NRG	B	0.1%
STLD	C	0.1%
JBL	C	0.09%
BG	F	0.09%
LYV	A	0.09%
AVTR	C	0.09%
EQH	C	0.09%
WSM	C	0.09%
UTHR	B	0.09%
MANH	B	0.09%
EXPD	B	0.09%
VRSN	C	0.09%
SNA	B	0.08%
UDR	C	0.08%
ROL	C	0.08%
UHS	C	0.08%
RS	D	0.08%
SSNC	C	0.08%
FFIV	B	0.07%
GLPI	C	0.07%
REG	C	0.07%
NBIX	F	0.07%
CHRW	B	0.07%
DT	C	0.07%
AIZ	B	0.07%
VTRS	D	0.07%
TER	C	0.07%
DPZ	D	0.07%
L	D	0.07%
DOCU	C	0.07%
TAP	D	0.06%
OVV	F	0.06%
FOXA	B	0.06%
CHKP	B	0.06%
INCY	C	0.06%
RPRX	C	0.06%
MTCH	C	0.06%
TWLO	C	0.06%
WYNN	C	0.05%
DKS	D	0.05%
CRBG	C	0.05%
SEIC	B	0.05%
MOS	F	0.05%
ACI	F	0.05%
HII	F	0.05%
ADM	D	0.04%
MMM	B	0.04%
DINO	F	0.04%
AER	C	0.04%

FLSP Underweight 134 Positions Relative to FTHI

Symbol	Grade	Weight
AAPL	C	-5.94%
AMZN	C	-3.71%
GOOGL	D	-2.11%
BXMT	C	-1.82%
BRK.A	C	-1.77%
AVGO	C	-1.66%
LLY	D	-1.52%
SLG	C	-1.44%
JPM	D	-1.28%
TSLA	C	-1.12%
UL	B	-1.1%
UNH	C	-1.09%
CCEP	C	-1.06%
JXN	B	-1.04%
XOM	D	-0.99%
LADR	D	-0.96%
CRNX	D	-0.94%
MO	C	-0.86%
COST	C	-0.85%
PTVE	D	-0.68%
CALM	B	-0.64%
MRK	F	-0.64%
CCI	C	-0.64%
BRBR	B	-0.64%
NFLX	B	-0.62%
INGR	B	-0.61%
KO	B	-0.57%
AMD	C	-0.55%
IDA	B	-0.54%
STNG	D	-0.53%
BAC	D	-0.52%
PEP	D	-0.5%
MEDP	F	-0.5%
ORCL	B	-0.49%
MDT	B	-0.49%
INSM	D	-0.48%
EXP	B	-0.47%
TOL	A	-0.47%
SLM	C	-0.46%
MMC	C	-0.45%
CVLT	B	-0.45%
DELL	C	-0.42%
ALSN	B	-0.42%
BMY	C	-0.42%
CAT	B	-0.41%
ARES	B	-0.4%
ITW	B	-0.4%
HLI	C	-0.39%
WFC	D	-0.39%
VZ	A	-0.39%
UMBF	C	-0.39%
DHR	B	-0.39%
LANC	F	-0.38%
IBM	B	-0.38%
USFD	C	-0.38%
GE	C	-0.38%
TXN	B	-0.38%
AM	B	-0.38%
SCCO	C	-0.38%
IIPR	B	-0.38%
AMGN	D	-0.37%
PPC	D	-0.37%
CME	B	-0.37%
AMT	C	-0.37%
SPGI	C	-0.36%
ISRG	C	-0.36%
DTM	C	-0.36%
PM	C	-0.36%
HESM	D	-0.36%
FNF	B	-0.36%
EHC	B	-0.36%
RTX	B	-0.35%
KNSL	D	-0.35%
IDCC	B	-0.35%
SFM	B	-0.35%
SLVM	C	-0.35%
NVO	F	-0.35%
EWBC	C	-0.35%
DUK	B	-0.34%
PSA	C	-0.34%
KRC	C	-0.34%
REYN	C	-0.33%
UNP	D	-0.33%
FTI	D	-0.33%
WSO	C	-0.33%
ADP	C	-0.32%
SBRA	C	-0.32%
BAH	B	-0.32%
DHT	C	-0.31%
LOW	B	-0.31%
PFE	D	-0.31%
MGEE	C	-0.29%
BKU	D	-0.29%
GS	B	-0.29%
GAP	F	-0.28%
GGG	C	-0.28%
O	B	-0.28%
SBLK	C	-0.28%
HON	C	-0.28%
LMT	A	-0.28%
LOPE	D	-0.27%
NEE	B	-0.27%
TMUS	B	-0.26%
MATX	B	-0.26%
CNA	D	-0.25%
AMH	D	-0.25%
COP	F	-0.25%
CVX	F	-0.24%
OGN	D	-0.23%
ATR	B	-0.23%
FLO	C	-0.23%
BLK	B	-0.22%
OTTR	F	-0.22%
EQIX	B	-0.21%
SO	B	-0.21%
PAYX	C	-0.2%
PFGC	B	-0.2%
NEU	D	-0.18%
MUSA	D	-0.18%
XEL	B	-0.18%
CVBF	D	-0.17%
WEC	B	-0.16%
EXR	C	-0.16%
GEV	B	-0.13%
NHI	C	-0.13%
SFNC	C	-0.13%
KAR	D	-0.13%
BX	C	-0.12%
D	C	-0.09%
GIS	B	-0.09%
MDLZ	C	-0.09%
BDX	D	-0.08%
AJG	D	-0.05%
SYK	C	-0.05%