FLSP vs. WRND ETF Comparison

Comparison of Franklin Liberty Systematic Style Premia ETF (FLSP) to IQ Global Equity R&D Leaders ETF (WRND)

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

$24.10

Average Daily Volume

11,925

Number of Holdings ^*

172

* may have additional holdings in another (foreign) market

WRND

IQ Global Equity R&D Leaders ETF

WRND Description

IQ Global Equity R&D Leaders ETF is an exchange traded fund launched by New York Life Investment Management LLC. The fund is managed by IndexIQ Advisors LLC. It invests in public equity markets of global region. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track the performance of the IQ Global Equity R&D Leaders Index, by using full replication technique. IQ Global Equity R&D Leaders ETF was formed on December 14, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$29.93

Average Daily Volume

988

Number of Holdings ^*

109

* may have additional holdings in another (foreign) market

Performance

Period	FLSP	WRND
30 Days	0.82%	0.76%
60 Days	2.12%	6.97%
90 Days	2.10%	-0.24%
12 Months	7.40%	28.32%

31 Overlapping Holdings

Symbol	Grade	Weight in FLSP	Weight in WRND	Overlap
ABBV	B	0.64%	0.17%	0.17%
ABBV	B	0.64%	0.86%	0.64%
ADBE	F	0.47%	0.36%	0.36%
ADSK	C	0.29%	0.16%	0.16%
AMAT	B	0.56%	0.27%	0.27%
CDNS	D	0.31%	0.13%	0.13%
CMI	A	0.25%	0.18%	0.18%
CRM	B	0.71%	0.57%	0.57%
EA	D	0.2%	0.25%	0.2%
EBAY	A	0.19%	0.19%	0.19%
EXPE	B	0.11%	0.16%	0.11%
GILD	A	0.46%	0.7%	0.46%
GM	D	0.3%	0.94%	0.3%
HPQ	B	0.18%	0.16%	0.16%
INCY	B	0.06%	0.17%	0.06%
INTU	F	0.76%	0.27%	0.27%
MELI	D	0.2%	0.24%	0.2%
META	A	0.49%	4.44%	0.49%
MMM	C	0.04%	0.24%	0.04%
MSFT	D	0.66%	2.74%	0.66%
NOW	C	0.74%	0.28%	0.28%
NVDA	B	0.6%	0.92%	0.6%
NVS	D	0.6%	1.15%	0.6%
PG	D	0.12%	0.21%	0.12%
PYPL	C	0.4%	0.39%	0.39%
QCOM	C	0.56%	0.7%	0.56%
REGN	D	0.5%	0.42%	0.42%
SNPS	F	0.2%	0.17%	0.17%
TMO	D	0.47%	0.14%	0.14%
UBER	C	0.61%	0.34%	0.34%
VRTX	D	0.53%	0.35%	0.35%

FLSP Overweight 142 Positions Relative to WRND

Symbol	Grade	Weight
MA	A	0.84%
WMT	A	0.75%
BKNG	C	0.7%
T	A	0.67%
TJX	D	0.6%
V	C	0.59%
ELV	F	0.58%
CL	D	0.46%
CMCSA	C	0.43%
MSI	A	0.41%
CTAS	C	0.36%
CSX	D	0.34%
AFL	A	0.33%
EOG	B	0.31%
MPC	C	0.3%
HD	A	0.3%
FDX	F	0.28%
TGT	D	0.27%
CI	D	0.27%
FIS	B	0.26%
FICO	A	0.26%
FTNT	B	0.25%
PSX	D	0.25%
BK	C	0.24%
A	B	0.24%
SPG	A	0.24%
MET	B	0.23%
CPRT	C	0.23%
TEL	D	0.23%
PH	B	0.23%
LNG	A	0.23%
IQV	F	0.22%
AIG	F	0.22%
VLO	D	0.22%
BCS	D	0.21%
AMP	A	0.21%
VST	B	0.21%
KR	C	0.21%
KMB	D	0.21%
CTSH	B	0.2%
IDXX	D	0.19%
CNC	F	0.18%
MTD	B	0.18%
RCL	C	0.18%
APH	D	0.18%
IR	B	0.17%
SE	B	0.17%
SYY	D	0.17%
NUE	C	0.16%
VICI	C	0.15%
NTAP	D	0.15%
STT	C	0.15%
LULU	D	0.15%
LIN	B	0.15%
PCAR	C	0.14%
TROW	D	0.14%
VEEV	C	0.14%
EL	D	0.14%
PHM	A	0.14%
DVN	F	0.14%
ANSS	D	0.14%
AVB	C	0.14%
VTR	C	0.13%
BR	B	0.13%
DECK	B	0.13%
GDDY	D	0.13%
HIG	B	0.13%
APP	A	0.13%
LDOS	A	0.12%
CAH	B	0.12%
TYL	B	0.12%
FE	C	0.12%
PKG	B	0.12%
AWK	C	0.12%
CSL	A	0.12%
LYB	F	0.12%
BLDR	B	0.12%
WAT	B	0.12%
K	A	0.11%
TXT	F	0.11%
PTC	D	0.11%
BBY	C	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	B	0.1%
HOLX	D	0.1%
NRG	A	0.1%
STLD	B	0.1%
JBL	C	0.09%
BG	F	0.09%
LYV	B	0.09%
AVTR	D	0.09%
EQH	C	0.09%
WSM	B	0.09%
UTHR	C	0.09%
MANH	C	0.09%
EXPD	D	0.09%
VRSN	B	0.09%
SNA	A	0.08%
UDR	C	0.08%
ROL	C	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	C	0.07%
DT	B	0.07%
AIZ	B	0.07%
VTRS	D	0.07%
TER	C	0.07%
DPZ	D	0.07%
L	D	0.07%
DOCU	B	0.07%
TAP	D	0.06%
OVV	D	0.06%
FOXA	A	0.06%
CHKP	C	0.06%
RPRX	D	0.06%
MTCH	B	0.06%
TWLO	B	0.06%
WYNN	B	0.05%
DKS	D	0.05%
CRBG	B	0.05%
SEIC	B	0.05%
MOS	F	0.05%
ACI	F	0.05%
HII	F	0.05%
ADM	F	0.04%
DINO	D	0.04%
AER	D	0.04%

FLSP Underweight 78 Positions Relative to WRND

Symbol	Grade	Weight
AMZN	C	-5.54%
GOOGL	B	-4.24%
AAPL	C	-3.46%
MRK	F	-2.5%
JNJ	D	-1.69%
BABA	B	-1.34%
INTC	D	-1.25%
BMY	B	-1.2%
PFE	D	-1.12%
ORCL	C	-1.09%
LLY	D	-1.0%
TM	D	-0.92%
IBM	A	-0.9%
CSCO	A	-0.89%
AVGO	C	-0.79%
HMC	D	-0.77%
SONY	C	-0.74%
F	D	-0.74%
TSLA	C	-0.63%
AMD	B	-0.62%
AMGN	D	-0.54%
BIDU	B	-0.49%
STLA	F	-0.49%
NIO	B	-0.37%
BGNE	B	-0.33%
RTX	A	-0.33%
MDT	C	-0.31%
BA	F	-0.31%
LI	C	-0.31%
ABT	C	-0.3%
SQ	D	-0.3%
WDAY	D	-0.29%
NFLX	B	-0.28%
TCOM	B	-0.27%
CAT	A	-0.26%
DE	B	-0.25%
SHOP	C	-0.24%
HPE	B	-0.23%
GE	C	-0.23%
MU	D	-0.23%
NXPI	F	-0.21%
MRNA	F	-0.21%
SPOT	C	-0.2%
RIVN	F	-0.2%
TEAM	D	-0.2%
TXN	C	-0.2%
PANW	D	-0.19%
LMT	A	-0.19%
MRVL	B	-0.19%
DHR	D	-0.18%
BIIB	F	-0.18%
RBLX	D	-0.17%
WDC	C	-0.17%
BSX	A	-0.16%
ADI	C	-0.16%
ILMN	B	-0.16%
NOC	B	-0.15%
ACN	B	-0.15%
GEHC	C	-0.15%
U	D	-0.15%
ABNB	D	-0.15%
CTVA	A	-0.15%
HON	C	-0.14%
SYK	C	-0.14%
LRCX	D	-0.14%
SNOW	F	-0.13%
JNPR	B	-0.13%
LPL	D	-0.13%
DASH	B	-0.13%
CNH	D	-0.12%
BDX	C	-0.12%
GLW	C	-0.12%
ISRG	C	-0.12%
APTV	D	-0.12%
KLAC	B	-0.12%
MCHP	F	-0.1%
EW	F	-0.08%
PINS	C	-0.08%