MADE vs. FLCO ETF Comparison

Comparison of iShares Trust iShares U.S. Manufacturing ETF (MADE) to Franklin Liberty Investment Grade Corporate ETF (FLCO)

MADE

iShares Trust iShares U.S. Manufacturing ETF

MADE Description

The underlying index is designed to measure the performance of equity securities of U.S.-domiciled companies that are involved in manufacturing and manufacturing-related industries and that generate a certain amount of revenues in the U.S., among other eligibility criteria, as determined by SPDJI. The fund generally will invest at least 80% of its assets in the component securities of its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$24.69

Average Daily Volume

1,353

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FLCO

Franklin Liberty Investment Grade Corporate ETF

FLCO Description

The fund seeks to provide a high level of current income as is consistent with prudent investing, while seeking preservation of capital, by investing at least 80% of its net assets in investment grade corporate debt securities and investments. The Fund may invest up to 40% of its net assets in foreign securities, including those in developing markets, and up to 15% of its net assets in non-U.S. dollar denominated securities.

Grade (RS Rating)

Last Trade

$22.00

Average Daily Volume

219,533

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MADE	FLCO
30 Days	0.81%	1.92%
60 Days	5.53%	2.49%
90 Days		5.42%
12 Months		16.18%

5 Overlapping Holdings

Symbol	Grade	Weight in MADE	Weight in FLCO	Overlap
BA	F	1.55%	1.38%	1.38%
CARR	A	2.44%	0.9%	0.9%
HII	F	0.18%	0.49%	0.18%
LMT	A	2.13%	0.48%	0.48%
NOC	B	1.26%	0.66%	0.66%

MADE Overweight 93 Positions Relative to FLCO

Symbol	Grade	Weight
ETN	C	4.24%
APH	D	4.01%
DE	A	4.0%
PCAR	D	3.92%
GM	D	3.88%
HON	C	3.81%
CMI	B	3.79%
F	D	3.55%
AME	D	3.4%
TT	A	3.18%
PH	A	2.97%
RTX	A	2.79%
ROK	D	2.6%
FTV	B	2.33%
FSLR	C	2.33%
DOV	C	2.26%
HUBB	A	1.96%
JCI	B	1.85%
TDY	A	1.75%
SWK	A	1.41%
TDG	A	1.38%
GD	A	1.34%
ENPH	D	1.31%
SNA	A	1.3%
COHR	B	1.21%
NVT	D	1.02%
RRX	C	0.96%
LECO	D	0.91%
GNRC	B	0.78%
TTC	D	0.74%
LHX	A	0.74%
HWM	A	0.72%
ALSN	A	0.71%
FN	B	0.71%
AYI	A	0.71%
LII	C	0.71%
RIVN	F	0.68%
MKSI	F	0.65%
MIDD	D	0.64%
PNR	C	0.6%
MSA	F	0.6%
IEX	D	0.59%
LFUS	C	0.56%
OSK	F	0.54%
GGG	B	0.53%
AXON	A	0.51%
THO	B	0.49%
BC	D	0.48%
FSS	B	0.48%
VNT	F	0.41%
BDC	B	0.4%
ITRI	C	0.39%
HOG	D	0.39%
LDOS	A	0.37%
AOS	B	0.36%
ENS	D	0.35%
AEIS	F	0.31%
CR	B	0.3%
LCII	B	0.28%
AAON	A	0.28%
TXT	F	0.27%
LCID	D	0.27%
ESE	B	0.27%
ATKR	F	0.27%
SPXC	C	0.26%
TRN	C	0.24%
JBT	B	0.24%
CSWI	B	0.23%
BMI	A	0.23%
CXT	F	0.23%
AIN	F	0.23%
CW	A	0.23%
WTS	C	0.22%
HEI	A	0.2%
GT	F	0.18%
ZWS	A	0.18%
GTLS	F	0.17%
PLUG	D	0.16%
FELE	C	0.15%
WWD	B	0.15%
BE	F	0.15%
BWXT	A	0.15%
SAIC	A	0.13%
NPO	C	0.13%
MWA	A	0.13%
FOXF	F	0.12%
KBR	C	0.12%
MOG.A	A	0.1%
SEDG	F	0.08%
ARRY	F	0.06%
KTOS	A	0.06%
SHLS	F	0.06%
SPR	D	0.04%

MADE Underweight 48 Positions Relative to FLCO

Symbol	Grade	Weight
BAC	D	-2.39%
CAF	A	-1.87%
LVS	B	-1.81%
VZ	A	-1.64%
BABA	A	-1.24%
GJS	B	-1.13%
EXC	A	-1.11%
TAK	D	-1.02%
CI	D	-0.96%
PNC	C	-0.93%
ABBV	A	-0.92%
NOW	C	-0.92%
HCA	B	-0.88%
FDX	D	-0.86%
AAPL	C	-0.85%
CMCSA	B	-0.82%
MHK	B	-0.8%
AFL	A	-0.79%
TFC	D	-0.77%
C	B	-0.75%
ET	C	-0.73%
UNH	B	-0.72%
AL	D	-0.68%
GPJA	D	-0.63%
MET	A	-0.61%
ACGL	A	-0.61%
CF	A	-0.6%
KR	C	-0.6%
AMZN	C	-0.6%
JBL	D	-0.58%
JWN	D	-0.57%
FLEX	C	-0.56%
XOM	A	-0.55%
NWG	D	-0.54%
DUK	A	-0.51%
AON	A	-0.49%
DLTR	F	-0.46%
CVX	B	-0.44%
GPJA	D	-0.4%
RPRX	B	-0.4%
ALL	B	-0.38%
AZO	D	-0.37%
MSFT	D	-0.35%
PSX	D	-0.35%
DHI	C	-0.33%
DVN	F	-0.31%
WMB	A	-0.3%
STZ	B	-0.29%