FLSP vs. VUSB ETF Comparison

Comparison of Franklin Liberty Systematic Style Premia ETF (FLSP) to Vanguard Ultra-Short Bond ETF (VUSB)

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

$24.06

Average Daily Volume

12,935

Number of Holdings ^*

172

* may have additional holdings in another (foreign) market

VUSB

Vanguard Ultra-Short Bond ETF

VUSB Description

Vanguard Bond Index Funds - Vanguard Ultra-Short Bond ETF is an exchange traded fund launched and managed by The Vanguard Group, Inc. The fund invests in the fixed income markets. It primarily invests in high-quality securities that are rated A3 or better and medium-quality securities that are rated Baa1, Baa2, or Baa3 by Moody's Investors Service, Inc. The fund seeks to invest in securities with maturity of 0-2 years. The fund employs fundamental analysis with bottom-up and top-down security picking approach to create its portfolio. Vanguard Bond Index Funds - Vanguard Ultra-Short Bond ETF was formed on April 5, 2021 is domiciled in the United States.

Grade (RS Rating)

Last Trade

$49.76

Average Daily Volume

689,397

Number of Holdings ^*

201

* may have additional holdings in another (foreign) market

Performance

Period	FLSP	VUSB
30 Days	0.71%	0.68%
60 Days	2.01%	1.12%
90 Days	1.05%	2.09%
12 Months	6.79%	6.61%

40 Overlapping Holdings

Symbol	Grade	Weight in FLSP	Weight in VUSB	Overlap
ABBV	A	0.64%	0.05%	0.05%
AER	D	0.04%	0.01%	0.01%
AIG	F	0.22%	0.17%	0.17%
AMP	A	0.21%	0.2%	0.2%
AVB	C	0.14%	0.01%	0.01%
BK	C	0.24%	0.03%	0.03%
CI	D	0.27%	0.04%	0.04%
CMCSA	B	0.43%	0.6%	0.43%
CSL	A	0.12%	0.04%	0.04%
CTAS	B	0.36%	0.01%	0.01%
DT	C	0.07%	0.01%	0.01%
EBAY	A	0.19%	0.19%	0.19%
EOG	B	0.31%	0.23%	0.23%
EQH	C	0.09%	0.17%	0.09%
FIS	C	0.26%	0.01%	0.01%
GILD	A	0.46%	0.36%	0.36%
GM	D	0.3%	0.03%	0.03%
HD	A	0.3%	0.01%	0.01%
HII	F	0.05%	0.19%	0.05%
KMB	B	0.21%	0.03%	0.03%
KR	C	0.21%	0.08%	0.08%
LIN	B	0.15%	0.01%	0.01%
LYB	D	0.12%	0.01%	0.01%
MET	A	0.23%	0.01%	0.01%
MPC	D	0.3%	0.18%	0.18%
MSFT	D	0.66%	0.03%	0.03%
NUE	C	0.16%	0.29%	0.16%
NVDA	C	0.6%	0.71%	0.6%
PCAR	D	0.14%	0.01%	0.01%
PG	C	0.12%	0.09%	0.09%
PSX	D	0.25%	0.11%	0.11%
PYPL	C	0.4%	0.2%	0.2%
RPRX	B	0.06%	0.17%	0.06%
SPG	A	0.24%	0.3%	0.24%
STT	C	0.15%	0.01%	0.01%
SYY	B	0.17%	0.43%	0.17%
T	A	0.67%	0.01%	0.01%
TAP	C	0.06%	0.02%	0.02%
TEL	D	0.23%	0.03%	0.03%
VTRS	D	0.07%	0.05%	0.05%

FLSP Overweight 132 Positions Relative to VUSB

Symbol	Grade	Weight
MA	A	0.84%
INTU	F	0.76%
WMT	A	0.75%
NOW	C	0.74%
CRM	B	0.71%
BKNG	C	0.7%
UBER	C	0.61%
TJX	C	0.6%
NVS	D	0.6%
V	C	0.59%
ELV	F	0.58%
AMAT	B	0.56%
QCOM	D	0.56%
VRTX	D	0.53%
REGN	D	0.5%
META	A	0.49%
TMO	C	0.47%
ADBE	F	0.47%
CL	D	0.46%
MSI	A	0.41%
CSX	D	0.34%
AFL	A	0.33%
CDNS	D	0.31%
ADSK	B	0.29%
FDX	D	0.28%
TGT	C	0.27%
FICO	A	0.26%
CMI	B	0.25%
FTNT	A	0.25%
A	B	0.24%
CPRT	B	0.23%
PH	A	0.23%
LNG	A	0.23%
IQV	F	0.22%
VLO	D	0.22%
BCS	C	0.21%
VST	A	0.21%
CTSH	B	0.2%
SNPS	F	0.2%
MELI	C	0.2%
EA	D	0.2%
IDXX	D	0.19%
CNC	F	0.18%
MTD	B	0.18%
RCL	C	0.18%
HPQ	C	0.18%
APH	D	0.18%
IR	A	0.17%
SE	B	0.17%
VICI	C	0.15%
NTAP	C	0.15%
LULU	D	0.15%
TROW	D	0.14%
VEEV	C	0.14%
EL	D	0.14%
PHM	A	0.14%
DVN	D	0.14%
ANSS	D	0.14%
VTR	C	0.13%
BR	B	0.13%
DECK	B	0.13%
GDDY	D	0.13%
HIG	A	0.13%
APP	A	0.13%
LDOS	A	0.12%
CAH	B	0.12%
TYL	C	0.12%
FE	B	0.12%
PKG	C	0.12%
AWK	B	0.12%
BLDR	B	0.12%
WAT	B	0.12%
K	B	0.11%
EXPE	B	0.11%
TXT	F	0.11%
PTC	D	0.11%
BBY	B	0.11%
CPAY	A	0.11%
STX	B	0.11%
GOOG	B	0.11%
MAS	A	0.1%
MRO	C	0.1%
OC	C	0.1%
LII	C	0.1%
LVS	B	0.1%
CF	A	0.1%
MOH	D	0.1%
ZM	C	0.1%
CBOE	A	0.1%
HOLX	D	0.1%
NRG	A	0.1%
STLD	B	0.1%
JBL	C	0.09%
BG	F	0.09%
LYV	A	0.09%
AVTR	C	0.09%
WSM	B	0.09%
UTHR	C	0.09%
MANH	C	0.09%
EXPD	C	0.09%
VRSN	B	0.09%
SNA	A	0.08%
UDR	C	0.08%
ROL	B	0.08%
UHS	D	0.08%
RS	D	0.08%
SSNC	C	0.08%
FFIV	B	0.07%
GLPI	A	0.07%
REG	C	0.07%
NBIX	F	0.07%
CHRW	A	0.07%
AIZ	A	0.07%
TER	C	0.07%
DPZ	D	0.07%
L	D	0.07%
DOCU	B	0.07%
OVV	D	0.06%
FOXA	A	0.06%
CHKP	C	0.06%
INCY	B	0.06%
MTCH	B	0.06%
TWLO	B	0.06%
WYNN	B	0.05%
DKS	D	0.05%
CRBG	C	0.05%
SEIC	B	0.05%
MOS	D	0.05%
ACI	F	0.05%
ADM	D	0.04%
MMM	C	0.04%
DINO	F	0.04%

FLSP Underweight 161 Positions Relative to VUSB

Symbol	Grade	Weight
RL	B	-0.99%
BHF	D	-0.7%
COF	C	-0.61%
COP	D	-0.52%
GIS	C	-0.47%
EMN	C	-0.42%
HRL	F	-0.28%
ZBH	F	-0.28%
ALL	B	-0.27%
PSA	C	-0.25%
CNH	B	-0.24%
WM	B	-0.24%
MLM	D	-0.23%
MCK	F	-0.23%
STZ	B	-0.23%
CHTR	D	-0.18%
GPN	F	-0.18%
MKC	C	-0.17%
SWKS	F	-0.15%
ROK	C	-0.14%
OKE	B	-0.14%
UNP	D	-0.14%
PEP	D	-0.13%
ESGR	D	-0.13%
EQR	C	-0.13%
KIM	C	-0.13%
AAPL	C	-0.12%
AMGN	D	-0.12%
SLB	D	-0.12%
BDN	A	-0.11%
LEN	B	-0.11%
PFG	C	-0.11%
CB	A	-0.11%
HUM	F	-0.11%
SRE	A	-0.11%
SLG	C	-0.1%
SBUX	B	-0.1%
TDY	A	-0.1%
CM	B	-0.1%
BHP	B	-0.09%
CHD	C	-0.09%
LNC	D	-0.09%
DB	C	-0.09%
NWG	D	-0.09%
CCEP	C	-0.08%
MMC	D	-0.08%
IBM	B	-0.08%
MS	B	-0.08%
CAG	D	-0.07%
MCO	D	-0.07%
IVZ	A	-0.07%
AON	A	-0.07%
MDLZ	C	-0.07%
AMZN	C	-0.06%
AMTD	D	-0.06%
AEP	C	-0.06%
EPD	A	-0.06%
DTE	A	-0.06%
ILMN	B	-0.06%
PAA	D	-0.06%
TXN	C	-0.06%
ALLY	F	-0.06%
AL	D	-0.06%
R	C	-0.06%
MUFG	D	-0.06%
UBS	B	-0.06%
LLY	D	-0.05%
KEY	C	-0.05%
IFF	C	-0.05%
NDAQ	C	-0.05%
TD	C	-0.05%
KSA	D	-0.05%
ETR	A	-0.05%
ICE	A	-0.05%
DIS	D	-0.05%
PRU	C	-0.05%
AXP	A	-0.05%
ZTS	C	-0.04%
DELL	C	-0.04%
CME	A	-0.04%
CCI	C	-0.04%
SHW	B	-0.04%
OPI	F	-0.04%
OHI	C	-0.04%
ES	C	-0.04%
SEB	D	-0.04%
SO	A	-0.04%
BKH	C	-0.03%
BIIB	F	-0.03%
AEE	A	-0.03%
DD	B	-0.03%
FNF	A	-0.03%
KRC	C	-0.03%
SYF	B	-0.03%
ARCC	A	-0.03%
USB	C	-0.03%
UPS	C	-0.03%
INTC	D	-0.03%
DFS	C	-0.03%
PM	C	-0.03%
ORCL	B	-0.03%
BMY	B	-0.03%
CFG	D	-0.02%
GE	C	-0.02%
MRK	F	-0.02%
KMPR	D	-0.02%
PNC	C	-0.02%
O	A	-0.02%
NSC	C	-0.02%
WRB	B	-0.02%
VOD	C	-0.02%
HOG	D	-0.02%
HON	C	-0.02%
KMI	A	-0.02%
DUK	A	-0.02%
BXP	C	-0.02%
BNS	B	-0.02%
BMO	B	-0.02%
FANG	D	-0.01%
GSK	F	-0.01%
MKL	C	-0.01%
LOW	A	-0.01%
JXN	A	-0.01%
HPE	B	-0.01%
SCHW	D	-0.01%
TSN	D	-0.01%
BEN	F	-0.01%
AVGO	C	-0.01%
ATO	A	-0.01%
ARW	C	-0.01%
XOM	A	-0.01%
MAR	B	-0.01%
CAT	A	-0.01%
CVS	C	-0.01%
KDP	C	-0.01%
VZ	A	-0.01%
WMB	A	-0.01%
CPB	D	-0.01%
EXC	A	-0.01%
DE	A	-0.01%
CVX	B	-0.01%
AZO	D	-0.01%
BA	F	-0.01%
EIX	A	-0.01%
UNH	B	-0.01%
TFC	D	-0.01%
NEM	C	-0.01%
JPM	D	-0.01%
AZN	D	-0.01%
NEE	A	-0.01%
ET	C	-0.01%
PL	D	-0.01%
CNP	B	-0.01%
WFC	D	-0.01%
D	A	-0.01%
AMT	C	-0.01%
BAC	D	-0.01%
LUV	B	-0.01%
C	B	-0.01%
GS	C	-0.01%
HSBC	B	-0.01%