NFRA vs. FLQL ETF Comparison

Comparison of FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) to Franklin LibertyQ U.S. Equity ETF (FLQL)

NFRA

FlexShares STOXX Global Broad Infrastructure Index Fund

NFRA Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the STOXXÂ® Global Broad Infrastructure Index. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts and Global Depositary Receipts based on the securities in its underlying index. The underlying index reflects the performance of a selection of equity securities of infrastructure-related companies that are domiciled or traded in developed and emerging markets around the world. It is non-diversified.

Grade (RS Rating)

Last Trade

$58.69

Average Daily Volume

109,335

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FLQL

Franklin LibertyQ U.S. Equity ETF

FLQL Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Large Cap Equity Index (the U.S. Large Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Large Cap underlying index. The U.S. Large Cap underlying index is based on the Russell 1000® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$57.56

Average Daily Volume

54,832

Number of Holdings ^*

210

* may have additional holdings in another (foreign) market

Performance

Period	NFRA	FLQL
30 Days	1.86%	2.20%
60 Days	6.39%	4.64%
90 Days	9.45%	1.89%
12 Months	28.15%	35.15%

13 Overlapping Holdings

Symbol	Grade	Weight in NFRA	Weight in FLQL	Overlap
CLH	C	0.18%	0.1%	0.1%
DTM	A	0.11%	0.1%	0.1%
EHC	B	0.14%	0.1%	0.1%
HCA	C	1.14%	0.59%	0.59%
PEG	A	0.65%	0.22%	0.22%
RSG	C	0.6%	0.3%	0.3%
SO	A	1.47%	0.3%	0.3%
T	A	2.33%	1.01%	1.01%
THC	D	0.24%	0.13%	0.13%
TMUS	A	1.51%	0.5%	0.5%
UHS	D	0.19%	0.12%	0.12%
VZ	B	2.81%	1.32%	1.32%
WM	B	1.12%	0.64%	0.64%

NFRA Overweight 51 Positions Relative to FLQL

Symbol	Grade	Weight
CNI	D	3.43%
NEE	A	2.59%
CMCSA	C	2.39%
WCN	D	2.33%
UNP	D	2.22%
AMT	C	1.6%
DUK	B	1.34%
EQIX	C	1.25%
CEG	A	1.19%
CSX	D	1.0%
NSC	D	0.83%
WMB	A	0.82%
AEP	C	0.81%
OKE	A	0.79%
SRE	B	0.79%
PCG	C	0.77%
CCI	C	0.75%
DLR	C	0.75%
D	A	0.71%
KMI	A	0.64%
EXC	A	0.61%
ED	A	0.54%
XEL	B	0.53%
EIX	B	0.5%
TRGP	A	0.48%
CHTR	D	0.47%
WEC	A	0.45%
AWK	C	0.42%
VLTO	A	0.4%
SBAC	C	0.38%
WTRG	D	0.15%
LBRDK	B	0.14%
FYBR	C	0.13%
CWST	D	0.09%
ACHC	F	0.09%
AM	A	0.08%
SRCL	A	0.08%
SEM	D	0.06%
AWR	B	0.05%
HESM	C	0.05%
CWT	D	0.05%
CCOI	B	0.05%
IRDM	B	0.05%
GEO	C	0.03%
SJW	F	0.03%
FSLY	D	0.02%
MSEX	D	0.02%
UNIT	B	0.02%
PCT	C	0.02%
CXW	F	0.02%
NFE	F	0.01%

NFRA Underweight 197 Positions Relative to FLQL

Symbol	Grade	Weight
AAPL	C	-7.04%
MSFT	D	-6.21%
NVDA	B	-5.84%
AMZN	C	-2.84%
META	A	-2.56%
GOOGL	B	-1.9%
AVGO	C	-1.89%
MA	A	-1.69%
COST	C	-1.68%
LLY	D	-1.68%
JNJ	D	-1.65%
WMT	A	-1.63%
GOOG	B	-1.62%
ABBV	B	-1.56%
MRK	F	-1.45%
IBM	A	-1.41%
CAT	A	-1.29%
AMGN	D	-1.26%
QCOM	C	-1.25%
TXN	C	-1.24%
ISRG	C	-1.2%
AMAT	B	-1.11%
JPM	D	-1.07%
BRK.A	C	-1.06%
BKNG	C	-1.0%
TJX	D	-0.94%
VRTX	D	-0.92%
SYK	C	-0.88%
C	C	-0.87%
TSLA	C	-0.86%
KLAC	B	-0.85%
REGN	D	-0.82%
ANET	A	-0.81%
ORCL	C	-0.8%
BSX	A	-0.78%
MO	D	-0.77%
LRCX	D	-0.75%
PM	D	-0.66%
CI	D	-0.62%
XOM	A	-0.62%
TT	A	-0.62%
MCO	D	-0.58%
APH	D	-0.58%
CL	D	-0.58%
CMG	C	-0.57%
CB	B	-0.57%
MSI	A	-0.53%
RTX	A	-0.51%
GS	D	-0.51%
UNH	B	-0.51%
PH	B	-0.47%
DHI	C	-0.44%
LMT	A	-0.44%
SPG	A	-0.44%
CTAS	C	-0.44%
GD	C	-0.42%
PCAR	C	-0.4%
PSA	C	-0.4%
ELV	F	-0.38%
URI	C	-0.37%
ADI	C	-0.35%
LEN	B	-0.33%
GWW	B	-0.33%
GM	D	-0.31%
HLT	B	-0.31%
FAST	C	-0.3%
ACGL	B	-0.3%
HPQ	B	-0.28%
MCHP	F	-0.27%
PHM	A	-0.25%
CTSH	B	-0.24%
AFL	A	-0.23%
NVR	B	-0.23%
CMI	A	-0.23%
HWM	A	-0.22%
NTAP	D	-0.22%
GRMN	D	-0.21%
DECK	B	-0.2%
FANG	C	-0.2%
HPE	B	-0.19%
APP	A	-0.19%
IRM	A	-0.19%
GLW	C	-0.19%
HIG	B	-0.19%
WSM	B	-0.18%
LYB	F	-0.18%
EBAY	A	-0.18%
DELL	C	-0.17%
O	A	-0.17%
SPOT	C	-0.17%
SYF	B	-0.16%
WAB	B	-0.16%
LDOS	A	-0.16%
FICO	A	-0.15%
STLD	B	-0.15%
LII	C	-0.15%
KMB	D	-0.15%
CSL	A	-0.15%
DAL	C	-0.15%
TSCO	B	-0.15%
RMD	C	-0.14%
ETR	A	-0.14%
MPWR	B	-0.14%
BBY	C	-0.13%
RCL	C	-0.13%
MAS	A	-0.13%
TOL	A	-0.13%
PKG	B	-0.13%
CFG	D	-0.12%
EXR	C	-0.12%
WSO	C	-0.12%
DPZ	D	-0.11%
DVA	C	-0.11%
RGA	C	-0.11%
TPL	A	-0.11%
EVR	C	-0.11%
FIX	B	-0.11%
LAMR	C	-0.11%
KRC	C	-0.11%
TER	C	-0.11%
VICI	C	-0.11%
SCCO	B	-0.11%
UTHR	C	-0.11%
CF	A	-0.11%
RL	B	-0.11%
NRG	A	-0.11%
DKS	D	-0.11%
SWKS	F	-0.11%
IP	C	-0.11%
ESS	D	-0.11%
OC	C	-0.11%
GPK	D	-0.1%
AMCR	C	-0.1%
NEU	F	-0.1%
LNC	D	-0.1%
GLPI	A	-0.1%
WU	D	-0.1%
K	A	-0.1%
MTG	B	-0.1%
JNPR	B	-0.1%
PK	D	-0.1%
UGI	C	-0.1%
SSNC	C	-0.1%
MEDP	F	-0.1%
G	A	-0.1%
OMC	C	-0.1%
AXS	A	-0.1%
INGR	B	-0.1%
HRB	C	-0.1%
CHE	C	-0.1%
FOX	A	-0.1%
ALSN	A	-0.1%
LEN	B	-0.1%
LOPE	D	-0.1%
ROL	C	-0.1%
CROX	C	-0.1%
CRI	D	-0.1%
ADC	B	-0.1%
NFG	A	-0.1%
FOXA	A	-0.1%
RGLD	C	-0.1%
NNN	A	-0.1%
TNL	C	-0.1%
JHG	B	-0.1%
CW	A	-0.1%
BJ	C	-0.1%
OHI	C	-0.1%
CACI	A	-0.1%
R	C	-0.1%
EPR	C	-0.1%
CASY	D	-0.1%
TXRH	C	-0.1%
EMN	C	-0.1%
WING	C	-0.1%
HIW	C	-0.1%
AVB	C	-0.1%
KEX	C	-0.1%
AYI	A	-0.1%
JEF	A	-0.1%
CUZ	C	-0.1%
EME	C	-0.1%
MDU	C	-0.1%
CHRW	C	-0.1%
AWI	A	-0.1%
CIVI	F	-0.09%
OGN	F	-0.09%
APA	F	-0.09%
COKE	C	-0.09%
GAP	F	-0.09%
DVN	F	-0.09%
PPC	D	-0.09%
SNX	D	-0.09%
M	F	-0.09%
DGX	C	-0.09%
AVT	C	-0.09%
MUSA	D	-0.08%
CRUS	D	-0.08%