FLSP vs. VCSH ETF Comparison

Comparison of Franklin Liberty Systematic Style Premia ETF (FLSP) to Vanguard Short-Term Corporate Bond ETF (VCSH)

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

$24.47

Average Daily Volume

11,491

Number of Holdings ^*

180

* may have additional holdings in another (foreign) market

VCSH

Vanguard Short-Term Corporate Bond ETF

VCSH Description

The investment seeks to track the performance of a market-weighted corporate bond index with a short-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 1-5 Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities between 1 and 5 years. At least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$78.13

Average Daily Volume

2,973,012

Number of Holdings ^*

443

* may have additional holdings in another (foreign) market

Performance

Period	FLSP	VCSH
30 Days	2.04%	-0.50%
60 Days	1.79%	-0.84%
90 Days	2.75%	0.43%
12 Months	7.68%	7.92%

99 Overlapping Holdings

Symbol	Grade	Weight in FLSP	Weight in VCSH	Overlap
A	F	0.22%	0.02%	0.02%
ABBV	D	0.62%	0.02%	0.02%
ADBE	C	0.42%	0.03%	0.03%
ADM	F	0.14%	0.05%	0.05%
ADSK	B	0.29%	0.01%	0.01%
AER	C	0.04%	0.03%	0.03%
AFL	C	0.3%	0.02%	0.02%
AIG	C	0.22%	0.06%	0.06%
AIZ	A	0.07%	0.02%	0.02%
AMAT	F	0.72%	0.03%	0.03%
AMP	A	0.22%	0.01%	0.01%
APH	B	0.18%	0.02%	0.02%
AVB	B	0.13%	0.01%	0.01%
AWK	D	0.11%	0.01%	0.01%
BG	D	0.06%	0.03%	0.03%
BK	B	0.24%	0.01%	0.01%
BKNG	A	0.75%	0.02%	0.02%
BR	A	0.12%	0.02%	0.02%
CAH	B	0.11%	0.02%	0.02%
CDNS	B	0.32%	0.02%	0.02%
CF	B	0.08%	0.02%	0.02%
CI	D	0.23%	0.01%	0.01%
CL	F	0.38%	0.01%	0.01%
CMCSA	B	0.43%	0.03%	0.03%
CMI	B	0.24%	0.02%	0.02%
CRM	B	0.71%	0.05%	0.05%
CSL	C	0.11%	0.01%	0.01%
CSX	B	0.32%	0.02%	0.02%
DVN	F	0.14%	0.02%	0.02%
EA	A	0.21%	0.02%	0.02%
EBAY	D	0.15%	0.03%	0.03%
EL	F	0.09%	0.03%	0.03%
EOG	B	0.29%	0.02%	0.02%
EQH	B	0.08%	0.02%	0.02%
EXPE	B	0.11%	0.02%	0.02%
FDX	B	0.27%	0.03%	0.03%
FE	D	0.11%	0.01%	0.01%
FIS	C	0.27%	0.03%	0.03%
FOXA	A	0.06%	0.04%	0.04%
FTNT	A	0.26%	0.02%	0.02%
GILD	B	0.46%	0.04%	0.04%
GLPI	D	0.06%	0.03%	0.03%
GM	B	0.3%	0.02%	0.02%
HCA	D	0.27%	0.06%	0.06%
HD	B	0.29%	0.01%	0.01%
HII	D	0.04%	0.01%	0.01%
HPQ	B	0.17%	0.05%	0.05%
INTU	A	0.68%	0.02%	0.02%
JBL	B	0.08%	0.01%	0.01%
K	A	0.1%	0.02%	0.02%
KMB	F	0.19%	0.01%	0.01%
KR	A	0.21%	0.02%	0.02%
L	B	0.07%	0.02%	0.02%
LDOS	A	0.13%	0.02%	0.02%
LII	B	0.09%	0.01%	0.01%
LIN	D	0.14%	0.02%	0.02%
LVS	C	0.1%	0.02%	0.02%
LYB	F	0.1%	0.02%	0.02%
MA	A	0.8%	0.04%	0.04%
MDT	D	0.6%	0.08%	0.08%
MET	C	0.21%	0.02%	0.02%
MMM	D	0.36%	0.01%	0.01%
MOS	D	0.05%	0.03%	0.03%
MPC	D	0.26%	0.03%	0.03%
MS	A	0.14%	0.03%	0.03%
MSFT	C	0.58%	0.04%	0.04%
MSI	B	0.39%	0.03%	0.03%
NTAP	C	0.13%	0.02%	0.02%
NUE	C	0.14%	0.03%	0.03%
NVDA	A	0.59%	0.02%	0.02%
OC	B	0.08%	0.01%	0.01%
PCAR	B	0.14%	0.01%	0.01%
PG	D	0.11%	0.01%	0.01%
PH	B	0.22%	0.02%	0.02%
PHM	D	0.12%	0.03%	0.03%
PKG	B	0.11%	0.01%	0.01%
PSX	D	0.23%	0.01%	0.01%
PYPL	B	0.39%	0.03%	0.03%
QCOM	F	0.63%	0.04%	0.04%
RPRX	F	0.06%	0.04%	0.04%
RS	B	0.08%	0.01%	0.01%
SPG	B	0.29%	0.02%	0.02%
STLD	B	0.11%	0.02%	0.02%
STT	B	0.15%	0.03%	0.03%
SWKS	F	0.07%	0.03%	0.03%
SYY	B	0.16%	0.03%	0.03%
T	C	0.63%	0.01%	0.01%
TAP	B	0.06%	0.1%	0.06%
TGT	C	0.25%	0.05%	0.05%
TJX	B	0.54%	0.04%	0.04%
TMO	F	0.38%	0.01%	0.01%
TXT	D	0.08%	0.01%	0.01%
UDR	D	0.07%	0.01%	0.01%
UHS	D	0.07%	0.01%	0.01%
V	A	0.59%	0.13%	0.13%
VLO	D	0.2%	0.03%	0.03%
VTR	C	0.12%	0.02%	0.02%
VTRS	B	0.07%	0.03%	0.03%
WMT	A	0.73%	0.02%	0.02%

FLSP Overweight 81 Positions Relative to VCSH

Symbol	Grade	Weight
NOW	A	0.74%
NVS	F	0.53%
UBER	F	0.53%
VRTX	B	0.52%
META	B	0.46%
REGN	F	0.38%
ELV	F	0.37%
CTAS	A	0.34%
FICO	A	0.26%
BCS	B	0.24%
VST	B	0.22%
CPRT	B	0.22%
LNG	B	0.22%
IQV	F	0.19%
MELI	D	0.19%
RCL	A	0.19%
SNPS	B	0.19%
CTSH	A	0.18%
SE	B	0.17%
LULU	C	0.17%
MTD	F	0.16%
APP	A	0.16%
IR	A	0.16%
CNC	F	0.15%
IDXX	D	0.15%
DECK	B	0.13%
WAT	B	0.13%
VEEV	B	0.13%
GDDY	A	0.13%
TROW	B	0.13%
VICI	D	0.13%
ANSS	B	0.13%
TYL	B	0.12%
HIG	C	0.12%
PTC	B	0.11%
BLDR	D	0.11%
ZM	A	0.11%
CPAY	A	0.11%
GOOG	B	0.11%
MOH	F	0.1%
STX	D	0.1%
NRG	B	0.1%
BBY	D	0.1%
CBOE	D	0.1%
HOLX	D	0.1%
VRSN	C	0.09%
GEN	A	0.09%
MAS	D	0.09%
UTHR	B	0.09%
LYV	A	0.09%
SSNC	C	0.08%
WSM	F	0.08%
MRO	B	0.08%
DOCU	A	0.08%
MANH	C	0.08%
EXPD	F	0.08%
SNA	A	0.08%
TWLO	B	0.08%
FFIV	B	0.07%
INCY	B	0.07%
REG	B	0.07%
DPZ	C	0.07%
NBIX	C	0.07%
DT	C	0.07%
AVTR	F	0.07%
ROL	B	0.07%
PAYC	B	0.06%
OVV	C	0.06%
MTCH	F	0.06%
DKS	D	0.06%
CHRW	B	0.06%
WYNN	F	0.05%
ACI	C	0.05%
CRBG	C	0.05%
CHKP	D	0.05%
SEIC	A	0.05%
TER	D	0.05%
MGM	F	0.04%
COR	A	0.03%
DINO	D	0.03%
ON	D	0.03%

FLSP Underweight 344 Positions Relative to VCSH

Symbol	Grade	Weight
CARR	D	-0.09%
BIIB	F	-0.08%
DD	D	-0.08%
STLA	F	-0.07%
OTIS	D	-0.07%
ETN	A	-0.07%
CHTR	B	-0.07%
KO	F	-0.06%
COST	B	-0.06%
KLAC	F	-0.06%
OMC	B	-0.06%
WBA	D	-0.06%
VZ	D	-0.06%
VRSK	A	-0.05%
ADP	A	-0.05%
DLTR	F	-0.05%
BLK	B	-0.05%
NI	A	-0.05%
LMT	D	-0.05%
NOC	C	-0.05%
ORCL	A	-0.05%
NTRS	A	-0.04%
ITW	B	-0.04%
FTV	D	-0.04%
VFC	C	-0.04%
WLK	F	-0.04%
RF	A	-0.04%
WB	F	-0.04%
ARCC	B	-0.04%
ZTS	F	-0.04%
GSK	F	-0.04%
MRK	F	-0.04%
AZN	F	-0.04%
GOOGL	B	-0.04%
AMZN	B	-0.04%
TMUS	A	-0.04%
JNPR	C	-0.03%
JBHT	B	-0.03%
DLR	B	-0.03%
EMN	D	-0.03%
WAB	B	-0.03%
APTV	F	-0.03%
CME	B	-0.03%
AGR	C	-0.03%
HRL	F	-0.03%
JD	C	-0.03%
HAS	D	-0.03%
MHK	D	-0.03%
DXC	B	-0.03%
WAL	B	-0.03%
ATO	A	-0.03%
BAX	F	-0.03%
CNO	B	-0.03%
SPGI	D	-0.03%
SNX	C	-0.03%
PVH	C	-0.03%
GIS	F	-0.03%
BXP	D	-0.03%
JEF	B	-0.03%
HAL	D	-0.03%
SWK	F	-0.03%
SYF	B	-0.03%
PRU	B	-0.03%
MU	C	-0.03%
PFE	F	-0.03%
WMB	A	-0.03%
GPN	B	-0.03%
DIS	C	-0.03%
EPD	A	-0.03%
MPLX	A	-0.03%
BERY	C	-0.03%
CB	D	-0.03%
AXP	B	-0.03%
INTC	C	-0.03%
FITB	A	-0.03%
HPE	B	-0.03%
AAPL	D	-0.03%
WPC	F	-0.02%
SKT	A	-0.02%
RL	B	-0.02%
THG	A	-0.02%
UNM	A	-0.02%
VNT	B	-0.02%
BKU	B	-0.02%
BEN	C	-0.02%
CPT	D	-0.02%
GBDC	B	-0.02%
BC	D	-0.02%
ALLE	D	-0.02%
HST	C	-0.02%
HP	C	-0.02%
HOG	F	-0.02%
JCI	B	-0.02%
GXO	B	-0.02%
KMPR	A	-0.02%
FRT	C	-0.02%
NNN	F	-0.02%
SF	A	-0.02%
PSA	D	-0.02%
SBRA	B	-0.02%
TSLX	D	-0.02%
VNO	C	-0.02%
WM	A	-0.02%
BKH	B	-0.02%
DOV	A	-0.02%
COKE	D	-0.02%
ALB	C	-0.02%
BWA	B	-0.02%
BABA	D	-0.02%
AWH	F	-0.02%
AFG	B	-0.02%
BRO	A	-0.02%
CTVA	C	-0.02%
KEYS	B	-0.02%
GSBD	F	-0.02%
HRB	D	-0.02%
IP	B	-0.02%
ILMN	C	-0.02%
GWW	B	-0.02%
LNT	C	-0.02%
LLY	D	-0.02%
OCSL	F	-0.02%
LAZ	B	-0.02%
MRVL	B	-0.02%
LRCX	F	-0.02%
ORI	A	-0.02%
TDY	A	-0.02%
TT	A	-0.02%
VOYA	A	-0.02%
EQR	D	-0.02%
OHI	B	-0.02%
LHX	B	-0.02%
MCO	C	-0.02%
IVZ	C	-0.02%
HUM	F	-0.02%
DOC	C	-0.02%
WEC	B	-0.02%
BRX	B	-0.02%
AES	F	-0.02%
CE	F	-0.02%
AN	D	-0.02%
CNA	D	-0.02%
NKE	F	-0.02%
DGX	A	-0.02%
FANG	D	-0.02%
FLEX	B	-0.02%
CNH	D	-0.02%
ADI	D	-0.02%
DHR	F	-0.02%
EFX	D	-0.02%
ROST	F	-0.02%
OKE	A	-0.02%
NXPI	F	-0.02%
MTB	B	-0.02%
KDP	D	-0.02%
ABT	B	-0.02%
ICE	D	-0.02%
FSK	A	-0.02%
GD	A	-0.02%
CPB	F	-0.02%
UPS	D	-0.02%
WEST	C	-0.02%
PM	C	-0.02%
MKC	D	-0.02%
STZ	D	-0.02%
SBUX	B	-0.02%
ET	B	-0.02%
EQIX	C	-0.02%
AL	B	-0.02%
CM	A	-0.02%
CCI	F	-0.02%
SLB	D	-0.02%
SHW	B	-0.02%
ZBH	C	-0.02%
PNC	A	-0.02%
KMI	A	-0.02%
CSCO	A	-0.02%
BDX	D	-0.02%
CAT	B	-0.02%
JNJ	F	-0.02%
USB	B	-0.02%
RTX	C	-0.02%
RY	B	-0.02%
PEP	F	-0.02%
CVX	B	-0.02%
TD	D	-0.02%
BMY	B	-0.02%
IBM	D	-0.02%
CVS	F	-0.02%
XOM	B	-0.02%
C	B	-0.02%
NVT	B	-0.01%
HIW	D	-0.01%
FNB	A	-0.01%
CACC	F	-0.01%
VLY	B	-0.01%
RPM	B	-0.01%
IPG	F	-0.01%
KSS	F	-0.01%
G	B	-0.01%
AMD	F	-0.01%
EPR	D	-0.01%
NEU	C	-0.01%
ED	D	-0.01%
NEM	F	-0.01%
VMC	B	-0.01%
WY	F	-0.01%
TKR	F	-0.01%
FAF	D	-0.01%
HUBB	B	-0.01%
LEG	F	-0.01%
CHD	B	-0.01%
FMC	F	-0.01%
JHG	B	-0.01%
HES	C	-0.01%
IFF	F	-0.01%
DAL	A	-0.01%
WHR	B	-0.01%
RNR	D	-0.01%
SNV	B	-0.01%
SLG	C	-0.01%
PFG	C	-0.01%
BDN	D	-0.01%
BCSF	B	-0.01%
TME	F	-0.01%
RGA	A	-0.01%
SITC	D	-0.01%
TEL	B	-0.01%
TRMB	B	-0.01%
BHP	F	-0.01%
FLS	B	-0.01%
CLX	B	-0.01%
GP	F	-0.01%
H	C	-0.01%
ES	F	-0.01%
OGS	B	-0.01%
MLM	B	-0.01%
LNC	B	-0.01%
PNW	B	-0.01%
ROK	B	-0.01%
PSEC	F	-0.01%
SCCO	D	-0.01%
CMS	D	-0.01%
FHN	B	-0.01%
CUBE	D	-0.01%
MAIN	A	-0.01%
MAA	C	-0.01%
PDM	C	-0.01%
EMR	A	-0.01%
KIM	B	-0.01%
HSY	D	-0.01%
KRC	C	-0.01%
MAR	A	-0.01%
NFG	C	-0.01%
ORLY	A	-0.01%
OPI	F	-0.01%
LEN	D	-0.01%
NSC	B	-0.01%
APD	B	-0.01%
CP	F	-0.01%
CNP	B	-0.01%
NDAQ	B	-0.01%
DHI	D	-0.01%
UNP	D	-0.01%
AVT	C	-0.01%
AMG	C	-0.01%
XEL	A	-0.01%
AEE	A	-0.01%
ARW	F	-0.01%
AZO	C	-0.01%
PPG	F	-0.01%
SRE	A	-0.01%
MCK	B	-0.01%
DE	D	-0.01%
DUK	D	-0.01%
DOW	F	-0.01%
UAL	A	-0.01%
WU	F	-0.01%
ROP	B	-0.01%
PPL	A	-0.01%
LH	B	-0.01%
MDLZ	F	-0.01%
ESS	C	-0.01%
EVRG	A	-0.01%
ALL	A	-0.01%
AEP	D	-0.01%
SYK	A	-0.01%
R	B	-0.01%
TXN	B	-0.01%
PEG	D	-0.01%
DFS	B	-0.01%
DTE	D	-0.01%
O	D	-0.01%
MCHP	F	-0.01%
KEY	B	-0.01%
CMA	B	-0.01%
BSX	A	-0.01%
ARE	F	-0.01%
AON	A	-0.01%
HON	B	-0.01%
HBAN	A	-0.01%
CFG	B	-0.01%
BIDU	F	-0.01%
AMT	F	-0.01%
EIX	D	-0.01%
MMC	C	-0.01%
PAA	D	-0.01%
ETR	B	-0.01%
AMGN	F	-0.01%
TSN	C	-0.01%
D	D	-0.01%
ALLY	C	-0.01%
RSG	A	-0.01%
DG	F	-0.01%
MO	A	-0.01%
NEE	D	-0.01%
LOW	B	-0.01%
CAG	F	-0.01%
SCHW	A	-0.01%
EXC	D	-0.01%
MCD	D	-0.01%
BNS	A	-0.01%
COP	C	-0.01%
SO	D	-0.01%
COF	B	-0.01%
VOD	F	-0.01%
LUV	B	-0.01%
GE	C	-0.01%
WELL	B	-0.01%
UNH	B	-0.01%
TFC	A	-0.01%
DB	C	-0.01%
AVGO	B	-0.01%
BMO	A	-0.01%
PCG	A	-0.01%
HSBC	C	-0.01%
NWG	B	-0.01%
MUFG	A	-0.01%
WFC	B	-0.01%
GS	B	-0.01%
JPM	B	-0.01%
DELL	C	-0.01%
BA	F	-0.01%
BAC	A	-0.01%