FLSP vs. QLD ETF Comparison

Comparison of Franklin Liberty Systematic Style Premia ETF (FLSP) to ProShares Ultra QQQ (QLD)

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

QLD

ProShares Ultra QQQ

QLD Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the NASDAQ-100 Index®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index, a modified market capitalization-weighted index, includes 100 of the largest non-financial domestic and international issues listed on the NASDAQ Stock Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$106.72

Average Daily Volume

2,632,901

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FLSP	QLD
30 Days	0.69%	6.38%
60 Days	0.06%	8.03%
90 Days	0.73%	8.70%
12 Months	6.54%	54.59%

31 Overlapping Holdings

Symbol	Grade	Weight in FLSP	Weight in QLD	Overlap
ADBE	C	0.91%	1.08%	0.91%
ADSK	A	0.36%	0.31%	0.31%
AMAT	F	0.66%	0.69%	0.66%
ANSS	B	0.14%	0.14%	0.14%
BKNG	A	0.87%	0.77%	0.77%
CDNS	B	0.32%	0.38%	0.32%
CMCSA	B	0.42%	0.78%	0.42%
CPRT	A	0.22%	0.26%	0.22%
CSX	B	0.31%	0.32%	0.31%
CTAS	B	0.35%	0.41%	0.35%
CTSH	B	0.21%	0.19%	0.19%
EA	A	0.23%	0.2%	0.2%
FTNT	C	0.32%	0.34%	0.32%
GILD	C	0.61%	0.53%	0.53%
GOOG	C	0.11%	1.79%	0.11%
IDXX	F	0.14%	0.16%	0.14%
INTU	C	0.68%	0.9%	0.68%
LIN	D	0.13%	1.0%	0.13%
LULU	C	0.16%	0.18%	0.16%
MELI	D	0.16%	0.45%	0.16%
META	D	0.45%	3.57%	0.45%
MSFT	F	0.57%	5.6%	0.57%
NFLX	A	0.45%	1.63%	0.45%
NVDA	C	0.62%	6.35%	0.62%
ON	D	0.04%	0.13%	0.04%
PCAR	B	0.14%	0.28%	0.14%
PYPL	B	0.45%	0.41%	0.41%
QCOM	F	0.83%	0.82%	0.82%
REGN	F	0.33%	0.4%	0.33%
SNPS	B	0.2%	0.39%	0.2%
VRTX	F	0.49%	0.58%	0.49%

FLSP Overweight 152 Positions Relative to QLD

Symbol	Grade	Weight
MA	C	0.77%
WMT	A	0.75%
NOW	A	0.75%
TJX	A	0.75%
CRM	B	0.7%
T	A	0.63%
MDT	D	0.6%
ABBV	D	0.59%
BMY	B	0.59%
UBER	D	0.49%
NVS	D	0.48%
MSI	B	0.48%
EOG	A	0.44%
MMM	D	0.41%
HCA	F	0.36%
GM	B	0.36%
CL	D	0.36%
SPG	B	0.35%
RTX	C	0.34%
TMO	F	0.34%
FICO	B	0.34%
AFL	B	0.33%
APP	B	0.31%
BK	A	0.31%
VST	B	0.29%
LNG	B	0.29%
HD	A	0.28%
MPC	D	0.27%
FDX	B	0.27%
FIS	C	0.26%
CMI	A	0.25%
VLO	C	0.25%
KR	B	0.24%
KMB	D	0.23%
PH	A	0.23%
A	D	0.23%
PSX	C	0.23%
BCS	C	0.23%
CI	F	0.22%
AMP	A	0.22%
RCL	A	0.21%
MET	A	0.21%
AIG	B	0.21%
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%
ADM	D	0.16%
TROW	B	0.16%
DECK	A	0.16%
NTAP	C	0.16%
IR	B	0.16%
GDDY	A	0.15%
MS	A	0.15%
SYY	B	0.15%
MTD	D	0.15%
WAT	B	0.14%
EXPE	B	0.14%
NUE	C	0.14%
AWK	D	0.13%
CNC	D	0.13%
DVN	F	0.13%
LDOS	C	0.13%
AVB	B	0.13%
PG	A	0.13%
TYL	B	0.13%
CBOE	B	0.12%
K	A	0.12%
VTR	C	0.12%
CAH	B	0.12%
NRG	B	0.12%
CPAY	A	0.12%
NTRS	A	0.12%
LYV	A	0.12%
BR	A	0.12%
VEEV	C	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%
STLD	B	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%
DOCU	A	0.1%
SNA	A	0.1%
FE	C	0.1%
ZM	B	0.1%
GEN	B	0.1%
UDR	B	0.09%
L	A	0.09%
TWLO	A	0.09%
ROL	B	0.09%
VTRS	A	0.09%
EQH	B	0.09%
SSNC	B	0.09%
TXT	D	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%
SWKS	F	0.08%
DPZ	C	0.08%
NBIX	C	0.08%
PAYC	B	0.07%
FOXA	B	0.07%
TAP	C	0.07%
DKS	C	0.07%
INCY	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%
SEIC	B	0.06%
RPRX	D	0.06%
AIZ	A	0.06%
RPM	A	0.05%
AER	B	0.05%
WYNN	D	0.05%
MGM	D	0.05%
MOS	F	0.05%
CRBG	B	0.05%
COR	B	0.04%
HII	D	0.04%

FLSP Underweight 70 Positions Relative to QLD

Symbol	Grade	Weight
AAPL	C	-6.06%
AMZN	C	-3.98%
AVGO	D	-3.68%
TSLA	B	-2.83%
COST	B	-1.89%
GOOGL	C	-1.86%
TMUS	B	-1.29%
CSCO	B	-1.09%
PEP	F	-1.04%
AMD	F	-1.03%
ISRG	A	-0.87%
TXN	C	-0.86%
AMGN	D	-0.74%
HON	B	-0.69%
PANW	C	-0.6%
ADP	B	-0.57%
SBUX	A	-0.52%
MU	D	-0.51%
INTC	D	-0.49%
ADI	D	-0.48%
LRCX	F	-0.44%
KLAC	D	-0.4%
MDLZ	F	-0.4%
MAR	B	-0.37%
CRWD	B	-0.37%
MRVL	B	-0.36%
PDD	F	-0.35%
ORLY	B	-0.33%
CEG	D	-0.32%
DASH	A	-0.31%
ASML	F	-0.29%
ROP	B	-0.28%
CHTR	C	-0.27%
ABNB	C	-0.27%
WDAY	B	-0.27%
NXPI	D	-0.26%
TTD	B	-0.26%
FANG	D	-0.25%
MNST	C	-0.25%
PAYX	C	-0.24%
AEP	D	-0.23%
FAST	B	-0.22%
ODFL	B	-0.22%
KDP	D	-0.21%
ROST	C	-0.21%
BKR	B	-0.2%
TEAM	A	-0.19%
VRSK	A	-0.19%
XEL	A	-0.18%
GEHC	F	-0.18%
KHC	F	-0.18%
DDOG	A	-0.18%
AZN	D	-0.17%
EXC	C	-0.17%
MCHP	D	-0.16%
CCEP	C	-0.16%
ZS	C	-0.15%
TTWO	A	-0.15%
CSGP	D	-0.14%
DXCM	D	-0.13%
ILMN	D	-0.11%
GFS	C	-0.11%
WBD	C	-0.11%
BIIB	F	-0.11%
CDW	F	-0.11%
MDB	C	-0.1%
ARM	D	-0.08%
MRNA	F	-0.07%
DLTR	F	-0.06%
SMCI	F	-0.05%