FLSP vs. TEQI ETF Comparison

Comparison of Franklin Liberty Systematic Style Premia ETF (FLSP) to T. Rowe Price Equity Income ETF (TEQI)

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

$23.88

Average Daily Volume

11,738

Number of Holdings ^*

171

* may have additional holdings in another (foreign) market

TEQI

T. Rowe Price Equity Income ETF

TEQI Description

The investment seeks a high level of dividend income and long-term capital growth. The fund will normally invest at least 80% of its assets in common stocks listed in the United States, with an emphasis on large-capitalization stocks that have a strong track record of paying dividends or that are believed to be undervalued (or futures that have similar economic characteristics). It typically employs a value approach in selecting investments. The fund's in-house research team seeks companies that appear to be undervalued by various measures and may be temporarily out of favor but have good prospects for capital appreciation and dividend growth.

Grade (RS Rating)

Last Trade

$41.71

Average Daily Volume

9,640

Number of Holdings ^*

112

* may have additional holdings in another (foreign) market

Performance

Period	FLSP	TEQI
30 Days	0.93%	2.60%
60 Days	-0.13%	4.58%
90 Days	-0.40%	5.53%
12 Months	4.92%	21.84%

32 Overlapping Holdings

Symbol	Grade	Weight in FLSP	Weight in TEQI	Overlap
ABBV	C	0.75%	0.5%	0.5%
AIG	D	0.26%	2.0%	0.26%
AMAT	D	0.57%	1.52%	0.57%
BBY	C	0.11%	0.04%	0.04%
BK	B	0.27%	0.18%	0.18%
CAH	C	0.14%	0.15%	0.14%
CF	C	0.09%	1.59%	0.09%
CI	C	0.35%	1.13%	0.35%
CL	D	0.27%	0.79%	0.27%
CMCSA	D	0.48%	0.6%	0.48%
CNC	D	0.2%	0.19%	0.19%
CRM	D	0.75%	0.14%	0.14%
CSX	D	0.38%	0.16%	0.16%
ELV	C	0.7%	2.7%	0.7%
EOG	D	0.35%	0.63%	0.35%
EQH	C	0.09%	1.47%	0.09%
GM	C	0.31%	0.52%	0.31%
HIG	B	0.15%	1.3%	0.15%
KMB	D	0.25%	1.69%	0.25%
L	C	0.08%	1.02%	0.08%
LVS	D	0.08%	0.98%	0.08%
MET	B	0.24%	1.88%	0.24%
MRO	C	0.1%	0.26%	0.1%
MSFT	C	0.75%	1.71%	0.75%
NXPI	F	0.29%	1.04%	0.29%
QCOM	D	0.63%	2.45%	0.63%
T	C	0.79%	0.13%	0.13%
TEL	D	0.26%	0.96%	0.26%
TJX	B	0.69%	0.34%	0.34%
VTRS	D	0.07%	0.69%	0.07%
VZ	B	0.92%	0.37%	0.37%
WMT	C	0.87%	1.19%	0.87%

FLSP Overweight 139 Positions Relative to TEQI

Symbol	Grade	Weight
MA	B	0.98%
INTU	C	0.9%
NOW	B	0.88%
NVDA	D	0.83%
BKNG	C	0.74%
BRK.A	C	0.72%
V	C	0.72%
NVS	C	0.68%
REGN	C	0.65%
VRTX	D	0.63%
ADBE	F	0.62%
UBER	C	0.62%
TMO	B	0.54%
GILD	B	0.53%
META	B	0.52%
PYPL	B	0.41%
CDNS	D	0.36%
MPC	F	0.34%
FDX	C	0.34%
CTAS	B	0.34%
HD	B	0.33%
ADSK	C	0.32%
AFL	C	0.3%
TGT	C	0.29%
FTNT	C	0.28%
PSX	F	0.28%
SPG	B	0.27%
CPRT	D	0.25%
PH	B	0.25%
VLO	F	0.25%
IQV	C	0.25%
FICO	B	0.24%
MELI	B	0.24%
IDXX	C	0.22%
KR	C	0.22%
BCS	B	0.22%
LNG	C	0.22%
TDG	B	0.22%
SNPS	D	0.22%
CTSH	C	0.22%
AMP	A	0.22%
APH	D	0.21%
A	C	0.21%
SYY	D	0.2%
EA	D	0.19%
HPQ	D	0.19%
EBAY	B	0.19%
RCL	B	0.19%
IR	C	0.18%
SE	B	0.17%
AVB	B	0.17%
VEEV	C	0.17%
VST	C	0.17%
VICI	C	0.17%
NUE	F	0.17%
LIN	B	0.17%
ANSS	D	0.16%
STT	A	0.16%
DVN	F	0.15%
LULU	D	0.15%
VTR	C	0.15%
TROW	D	0.15%
PCAR	D	0.15%
PHM	B	0.15%
FE	C	0.14%
NTAP	D	0.14%
AWK	B	0.14%
PG	C	0.13%
BR	D	0.13%
CSL	B	0.13%
GDDY	C	0.13%
EL	F	0.12%
BLDR	C	0.12%
PKG	B	0.12%
LYB	D	0.12%
TYL	C	0.12%
K	B	0.11%
CBOE	C	0.11%
MOH	D	0.11%
TXT	D	0.11%
APP	C	0.11%
GOOG	D	0.11%
EXPE	C	0.11%
CPAY	B	0.11%
WAT	C	0.11%
NRG	C	0.11%
LDOS	B	0.11%
STLA	F	0.1%
LII	B	0.1%
MNST	D	0.1%
ZM	C	0.1%
PTC	D	0.1%
MANH	B	0.09%
UTHR	C	0.09%
EXPD	C	0.09%
BG	D	0.09%
MAS	B	0.09%
AVTR	B	0.09%
OC	D	0.09%
STLD	F	0.09%
NBIX	F	0.08%
RS	D	0.08%
LYV	B	0.08%
WSM	D	0.08%
ROL	C	0.08%
SSNC	B	0.08%
UDR	C	0.08%
TER	D	0.07%
DOCU	C	0.07%
GLPI	C	0.07%
DT	C	0.07%
AIZ	B	0.07%
DPZ	F	0.07%
JBL	D	0.07%
HOLX	B	0.07%
SNA	C	0.07%
CRL	F	0.06%
TAP	D	0.06%
INCY	C	0.06%
CHKP	B	0.06%
TWLO	D	0.06%
MTCH	C	0.06%
OVV	F	0.06%
RPRX	C	0.06%
FFIV	B	0.06%
CRBG	D	0.05%
DKS	D	0.05%
SEIC	C	0.05%
MOS	F	0.05%
ABNB	D	0.05%
ACI	F	0.05%
DECK	C	0.05%
HII	D	0.05%
FOXA	B	0.05%
CLF	F	0.04%
MCK	F	0.04%
WYNN	D	0.04%
DINO	F	0.04%
AER	B	0.04%

FLSP Underweight 80 Positions Relative to TEQI

Symbol	Grade	Weight
WFC	D	-2.41%
TTE	D	-2.33%
SO	B	-2.24%
NWSA	D	-2.21%
CB	B	-2.0%
GE	B	-1.9%
LHX	C	-1.82%
BDX	D	-1.74%
SCHW	D	-1.7%
XOM	C	-1.69%
PM	C	-1.64%
UNH	C	-1.55%
ZBH	F	-1.55%
EQR	B	-1.5%
JPM	D	-1.44%
IP	B	-1.38%
WY	C	-1.36%
SWK	B	-1.26%
C	C	-1.24%
KVUE	C	-1.21%
BA	F	-1.19%
DIS	D	-1.14%
JNJ	C	-1.13%
HBAN	B	-1.11%
D	C	-1.09%
UPS	D	-1.05%
TXN	C	-0.97%
CAG	C	-0.95%
NEE	C	-0.93%
CVS	D	-0.93%
FITB	B	-0.93%
USB	B	-0.92%
MDT	C	-0.91%
AZN	D	-0.9%
LUV	C	-0.87%
AEE	C	-0.86%
TSN	C	-0.84%
SRE	C	-0.75%
ACN	C	-0.72%
EQT	D	-0.71%
RYN	C	-0.71%
SNY	B	-0.69%
GEV	B	-0.64%
CMI	C	-0.57%
NSC	C	-0.56%
PFE	C	-0.54%
WMB	B	-0.53%
REXR	C	-0.51%
HON	D	-0.49%
BKR	C	-0.49%
BAC	D	-0.48%
BMY	C	-0.47%
MAT	C	-0.44%
INTC	F	-0.44%
UNP	C	-0.43%
KSS	F	-0.39%
DG	F	-0.38%
COP	D	-0.37%
MS	D	-0.35%
BIIB	F	-0.34%
GS	C	-0.33%
SRCL	A	-0.33%
GEHC	C	-0.3%
HES	F	-0.3%
APO	C	-0.28%
CSCO	C	-0.27%
MMM	B	-0.27%
MRK	D	-0.25%
HUM	F	-0.21%
NWS	D	-0.2%
CVX	D	-0.19%
NI	B	-0.18%
PCG	C	-0.15%
MDLZ	B	-0.1%
AMD	D	-0.08%
VNO	B	-0.06%
STZ	D	-0.04%
IFF	B	-0.04%
FLS	D	-0.02%
SOLV	C	-0.02%