FLSP vs. USMV ETF Comparison

Comparison of Franklin Liberty Systematic Style Premia ETF (FLSP) to iShares MSCI USA Minimum Volatility ETF (USMV)

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

USMV

iShares MSCI USA Minimum Volatility ETF

USMV Description

The investment seeks the investment results of an index composed of U.S. equities that, in the aggregate, have lower volatility characteristics relative to the broader U.S. equity market. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. The underlying index follows a rules-based methodology to determine weights for securities in the index that seeks to minimize total risk of the MSCI USA Index. Components primarily include consumer staples, healthcare and information technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$93.46

Average Daily Volume

1,630,912

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	FLSP	USMV
30 Days	0.69%	1.70%
60 Days	0.06%	2.42%
90 Days	0.73%	4.02%
12 Months	6.54%	25.63%

59 Overlapping Holdings

Symbol	Grade	Weight in FLSP	Weight in USMV	Overlap
ABBV	D	0.59%	1.04%	0.59%
AIZ	A	0.06%	0.32%	0.06%
APH	A	0.18%	1.44%	0.18%
BMY	B	0.59%	0.49%	0.49%
BR	A	0.12%	0.05%	0.05%
CBOE	B	0.12%	0.85%	0.12%
CDNS	B	0.32%	0.18%	0.18%
CI	F	0.22%	0.21%	0.21%
CL	D	0.36%	0.41%	0.36%
CMCSA	B	0.42%	0.39%	0.39%
COR	B	0.04%	0.67%	0.04%
CRM	B	0.7%	0.05%	0.05%
CTSH	B	0.21%	0.76%	0.21%
DPZ	C	0.08%	0.19%	0.08%
EA	A	0.23%	0.89%	0.23%
EOG	A	0.44%	0.17%	0.17%
FFIV	B	0.08%	0.55%	0.08%
FICO	B	0.34%	0.59%	0.34%
GDDY	A	0.15%	1.0%	0.15%
GEN	B	0.1%	0.35%	0.1%
GILD	C	0.61%	0.94%	0.61%
GOOG	C	0.11%	0.16%	0.11%
HD	A	0.28%	0.3%	0.28%
HIG	B	0.19%	0.12%	0.12%
HOLX	D	0.11%	0.16%	0.11%
INCY	C	0.07%	0.53%	0.07%
K	A	0.12%	0.8%	0.12%
KMB	D	0.23%	0.21%	0.21%
KR	B	0.24%	0.61%	0.24%
L	A	0.09%	0.28%	0.09%
LIN	D	0.13%	0.16%	0.13%
MA	C	0.77%	0.7%	0.7%
MDT	D	0.6%	0.13%	0.13%
MELI	D	0.16%	0.18%	0.16%
MOH	F	0.1%	0.18%	0.1%
MPC	D	0.27%	0.54%	0.27%
MSFT	F	0.57%	1.34%	0.57%
MSI	B	0.48%	1.81%	0.48%
NBIX	C	0.08%	0.32%	0.08%
NOW	A	0.75%	0.75%	0.75%
NTAP	C	0.16%	0.22%	0.16%
NVDA	C	0.62%	0.67%	0.62%
PG	A	0.13%	1.23%	0.13%
PKG	A	0.11%	0.2%	0.11%
PSX	C	0.23%	0.06%	0.06%
PTC	A	0.1%	0.52%	0.1%
REGN	F	0.33%	0.59%	0.33%
ROL	B	0.09%	0.36%	0.09%
RTX	C	0.34%	0.09%	0.09%
SNPS	B	0.2%	0.18%	0.18%
STX	D	0.11%	0.16%	0.11%
T	A	0.63%	0.74%	0.63%
TJX	A	0.75%	0.45%	0.45%
UBER	D	0.49%	0.45%	0.45%
UTHR	C	0.1%	0.14%	0.1%
VLO	C	0.25%	0.05%	0.05%
VRSN	F	0.1%	0.64%	0.1%
VRTX	F	0.49%	0.69%	0.49%
WMT	A	0.75%	1.78%	0.75%

FLSP Overweight 124 Positions Relative to USMV

Symbol	Grade	Weight
ADBE	C	0.91%
BKNG	A	0.87%
QCOM	F	0.83%
INTU	C	0.68%
AMAT	F	0.66%
NVS	D	0.48%
PYPL	B	0.45%
META	D	0.45%
NFLX	A	0.45%
MMM	D	0.41%
ADSK	A	0.36%
HCA	F	0.36%
GM	B	0.36%
SPG	B	0.35%
CTAS	B	0.35%
TMO	F	0.34%
AFL	B	0.33%
FTNT	C	0.32%
APP	B	0.31%
CSX	B	0.31%
BK	A	0.31%
VST	B	0.29%
LNG	B	0.29%
FDX	B	0.27%
FIS	C	0.26%
CMI	A	0.25%
PH	A	0.23%
A	D	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%
HPQ	B	0.2%
VICI	C	0.19%
TGT	F	0.19%
EBAY	D	0.18%
SE	B	0.18%
IQV	D	0.17%
STT	A	0.17%
LULU	C	0.16%
ADM	D	0.16%
TROW	B	0.16%
DECK	A	0.16%
IR	B	0.16%
MS	A	0.15%
SYY	B	0.15%
MTD	D	0.15%
ANSS	B	0.14%
WAT	B	0.14%
PCAR	B	0.14%
EXPE	B	0.14%
IDXX	F	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%
TYL	B	0.13%
VTR	C	0.12%
CAH	B	0.12%
NRG	B	0.12%
CPAY	A	0.12%
NTRS	A	0.12%
LYV	A	0.12%
VEEV	C	0.12%
BBY	D	0.11%
CSL	C	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%
RS	B	0.1%
CF	B	0.1%
BLDR	D	0.1%
DOCU	A	0.1%
SNA	A	0.1%
FE	C	0.1%
ZM	B	0.1%
UDR	B	0.09%
TWLO	A	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%
REG	B	0.08%
SWKS	F	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%
SEIC	B	0.06%
RPRX	D	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%
ON	D	0.04%
HII	D	0.04%

FLSP Underweight 111 Positions Relative to USMV

Symbol	Grade	Weight
TMUS	B	-1.95%
PGR	A	-1.67%
IBM	C	-1.66%
WCN	A	-1.56%
RSG	A	-1.55%
BRK.A	B	-1.55%
DUK	C	-1.49%
CSCO	B	-1.47%
CB	C	-1.47%
WM	A	-1.44%
NOC	D	-1.43%
TXN	C	-1.39%
VZ	C	-1.35%
SO	D	-1.35%
MCK	B	-1.35%
UNH	C	-1.34%
ORCL	B	-1.31%
ROP	B	-1.3%
ACN	C	-1.29%
AJG	B	-1.27%
MCD	D	-1.25%
LLY	F	-1.25%
AVGO	D	-1.19%
JNJ	D	-1.18%
TRV	B	-1.15%
ED	D	-1.13%
MMC	B	-1.11%
MRK	F	-1.01%
PEP	F	-1.01%
AAPL	C	-0.99%
AZO	C	-0.98%
V	A	-0.9%
FCNCA	A	-0.88%
LMT	D	-0.82%
WEC	A	-0.78%
TSN	B	-0.71%
FI	A	-0.69%
ORLY	B	-0.68%
ACGL	D	-0.68%
GIS	D	-0.66%
AMGN	D	-0.59%
KDP	D	-0.59%
TDY	B	-0.57%
BDX	F	-0.56%
KEYS	A	-0.55%
FANG	D	-0.55%
AON	A	-0.53%
CME	A	-0.53%
ELV	F	-0.52%
YUM	B	-0.5%
XEL	A	-0.46%
NEM	D	-0.46%
JNPR	F	-0.45%
XOM	B	-0.45%
MDLZ	F	-0.44%
WDAY	B	-0.43%
EG	C	-0.43%
ERIE	D	-0.42%
VRSK	A	-0.42%
CHD	B	-0.4%
HUM	C	-0.4%
BAH	F	-0.39%
AEP	D	-0.39%
AKAM	D	-0.39%
KHC	F	-0.38%
WTW	B	-0.38%
CTVA	C	-0.38%
IT	C	-0.35%
AFG	A	-0.35%
CDW	F	-0.35%
CVX	A	-0.34%
MKL	A	-0.34%
GRMN	B	-0.33%
CPB	D	-0.33%
WMB	A	-0.31%
WRB	A	-0.31%
GLW	B	-0.31%
FWONK	B	-0.31%
HSY	F	-0.3%
ANET	C	-0.29%
ICE	C	-0.28%
HON	B	-0.25%
AEE	A	-0.24%
HUBS	A	-0.24%
ADI	D	-0.23%
D	C	-0.23%
AZPN	A	-0.23%
ALNY	D	-0.22%
BMRN	D	-0.22%
HRL	D	-0.21%
TW	A	-0.2%
DTE	C	-0.2%
PFE	D	-0.2%
CRWD	B	-0.19%
CMS	C	-0.19%
AMZN	C	-0.14%
DELL	C	-0.12%
OXY	D	-0.12%
DGX	A	-0.11%
KO	D	-0.1%
LNT	A	-0.1%
ADP	B	-0.09%
ABT	B	-0.09%
OTIS	C	-0.07%
TEL	B	-0.07%
ATO	A	-0.06%
FSLR	F	-0.06%
KNX	B	-0.06%
GD	F	-0.05%
ULTA	F	-0.04%
CVS	D	-0.04%