INCE vs. QLV ETF Comparison

Comparison of Franklin Income Equity Focus ETF (INCE) to FlexShares US Quality Low Volatility Index Fund (QLV)

INCE

Franklin Income Equity Focus ETF

INCE Description

Under normal marketing conditions, the fund will invest at least 80% of its net assets in equity securities, and in derivatives and other instruments that have economic characteristics and provide investment exposure similar to equity securities.

Grade (RS Rating)

Last Trade

$58.80

Average Daily Volume

6,895

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QLV

FlexShares US Quality Low Volatility Index Fund

QLV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Developed Markets ex-US Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in developed market countries, excluding the U.S. The fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$67.22

Average Daily Volume

10,357

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	INCE	QLV
30 Days	0.46%	0.23%
60 Days	2.02%	1.42%
90 Days	3.59%	3.24%
12 Months	18.90%	25.29%

15 Overlapping Holdings

Symbol	Grade	Weight in INCE	Weight in QLV	Overlap
ADI	D	1.31%	0.15%	0.15%
AEP	D	0.99%	0.54%	0.54%
DUK	C	0.83%	0.9%	0.83%
IBM	C	0.95%	1.82%	0.95%
JNJ	D	2.9%	1.71%	1.71%
JPM	A	1.48%	0.21%	0.21%
LMT	D	2.21%	1.06%	1.06%
MCD	D	1.14%	1.93%	1.14%
PEP	F	2.42%	1.47%	1.47%
PG	A	1.98%	3.25%	1.98%
PM	B	1.25%	0.21%	0.21%
SO	D	3.1%	0.69%	0.69%
TXN	C	1.2%	0.84%	0.84%
VZ	C	2.94%	1.64%	1.64%
XOM	B	1.58%	1.15%	1.15%

INCE Overweight 29 Positions Relative to QLV

Symbol	Grade	Weight
CVX	A	2.85%
JCI	C	2.14%
APD	A	2.05%
RIO	D	1.69%
HD	A	1.62%
SCHW	B	1.48%
MS	A	1.46%
RTX	C	1.43%
UNP	C	1.41%
LOW	D	1.33%
MET	A	1.29%
USB	A	1.16%
TTE	F	1.14%
SBUX	A	1.14%
CSCO	B	1.12%
SRE	A	1.11%
HON	B	1.09%
BAC	A	1.04%
GM	B	1.03%
KO	D	0.98%
NEM	D	0.94%
UPS	C	0.87%
PNC	B	0.59%
FITB	A	0.58%
MA	C	0.53%
ALB	C	0.53%
FCX	D	0.52%
BA	F	0.23%
C	A	0.0%

INCE Underweight 99 Positions Relative to QLV

Symbol	Grade	Weight
MSFT	F	-7.68%
NVDA	C	-5.54%
AAPL	C	-5.17%
AMZN	C	-2.41%
LLY	F	-2.31%
MRK	F	-2.28%
V	A	-2.26%
T	A	-1.51%
META	D	-1.25%
TMUS	B	-1.13%
GILD	C	-1.07%
ABBV	D	-0.96%
CME	A	-0.94%
ABT	B	-0.93%
ADP	B	-0.92%
QLYS	C	-0.88%
GOOGL	C	-0.88%
WEC	A	-0.86%
ATR	B	-0.86%
AIZ	A	-0.86%
WTW	B	-0.85%
PSA	D	-0.84%
RGLD	C	-0.83%
TYL	B	-0.8%
WDFC	B	-0.8%
ED	D	-0.79%
K	A	-0.77%
DOX	D	-0.74%
CHE	D	-0.73%
GIS	D	-0.72%
CHKP	D	-0.72%
AMGN	D	-0.71%
LSTR	D	-0.71%
CB	C	-0.71%
DLR	B	-0.68%
TRV	B	-0.67%
QGEN	D	-0.67%
WM	A	-0.67%
DTM	B	-0.67%
ZM	B	-0.67%
CALM	A	-0.65%
XEL	A	-0.64%
EQIX	A	-0.64%
ALL	A	-0.63%
AVY	D	-0.63%
PKG	A	-0.63%
GOOG	C	-0.62%
CINF	A	-0.6%
SMMT	D	-0.59%
RSG	A	-0.59%
CTVA	C	-0.59%
NOC	D	-0.59%
BRK.A	B	-0.59%
AEE	A	-0.58%
GD	F	-0.58%
WCN	A	-0.58%
CTRA	B	-0.57%
WRB	A	-0.55%
AZO	C	-0.55%
STNG	F	-0.55%
MKL	A	-0.54%
CMS	C	-0.54%
SCI	B	-0.54%
JKHY	D	-0.53%
ADC	B	-0.53%
PNW	B	-0.53%
SIGI	C	-0.53%
CHRW	C	-0.49%
TSCO	D	-0.49%
SON	D	-0.48%
BAH	F	-0.47%
FLO	D	-0.47%
TTEK	F	-0.46%
REGN	F	-0.45%
HSY	F	-0.45%
NBIX	C	-0.43%
HRL	D	-0.4%
VRSK	A	-0.39%
NFG	A	-0.38%
AVGO	D	-0.38%
HII	D	-0.36%
BMRN	D	-0.35%
MCK	B	-0.35%
SLGN	A	-0.34%
DDS	B	-0.29%
BMI	B	-0.27%
CRUS	D	-0.26%
EA	A	-0.23%
COR	B	-0.2%
LIN	D	-0.19%
ALKS	B	-0.19%
NCNO	B	-0.13%
CAG	D	-0.13%
ROP	B	-0.13%
L	A	-0.11%
CWAN	B	-0.09%
UNH	C	-0.07%
MMC	B	-0.05%
EXPD	D	-0.03%