UDIV vs. TVAL ETF Comparison

Comparison of Franklin U.S. Core Dividend Tilt Index ETF (UDIV) to T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL)

UDIV

Franklin U.S. Core Dividend Tilt Index ETF

UDIV Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ Global Dividend Index. The fund invests at least 80% of its assets in the component securities of the index and in depositary receipts representing such securities. The index includes stocks from developed and emerging market countries with high and persistent dividend income that have favorable exposure to a quality investment style factor.

Grade (RS Rating)

Last Trade

$46.42

Average Daily Volume

4,741

Number of Holdings ^*

277

* may have additional holdings in another (foreign) market

TVAL

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF

TVAL Description

The fund will invest primarily in U.S. equity securities. In taking a value approach to investment selection, the adviser seeks to identify companies that appear to be undervalued by various measures, and may be temporarily out of favor, but have good prospects for capital appreciation. Some of the principal measures used to identify such stocks are: price/earnings ratio, price/book value ratio, price/sales ratio, dividend yield, price/cash flow, undervalued assets, and restructuring opportunities. The fund may purchase the stocks of companies of any size, but typically focuses on larger companies.

Grade (RS Rating)

Last Trade

$33.11

Average Daily Volume

13,066

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

Performance

Period	UDIV	TVAL
30 Days	2.89%	2.98%
60 Days	4.78%	4.22%
90 Days	6.71%	5.88%
12 Months	35.02%	29.14%

73 Overlapping Holdings

Symbol	Grade	Weight in UDIV	Weight in TVAL	Overlap
ABBV	D	0.97%	0.36%	0.36%
ACN	C	0.45%	0.7%	0.45%
ADI	D	0.52%	0.35%	0.35%
AEE	A	0.03%	0.65%	0.03%
ALL	A	0.1%	0.39%	0.1%
AMAT	F	0.38%	0.38%	0.38%
AMD	F	0.43%	0.22%	0.22%
APO	B	0.4%	0.46%	0.4%
ARES	A	0.18%	0.45%	0.18%
AVB	B	0.18%	1.22%	0.18%
BAC	A	0.65%	1.89%	0.65%
BAX	D	0.09%	0.5%	0.09%
BKR	B	0.18%	0.35%	0.18%
BLK	C	0.87%	0.43%	0.43%
C	A	0.82%	0.81%	0.81%
CAG	D	0.07%	0.4%	0.07%
CAT	B	0.1%	0.3%	0.1%
CMCSA	B	0.36%	0.46%	0.36%
CME	A	0.46%	0.23%	0.23%
CMI	A	0.3%	1.09%	0.3%
COP	C	0.25%	1.25%	0.25%
CVS	D	0.39%	0.23%	0.23%
CVX	A	1.12%	0.73%	0.73%
D	C	0.27%	0.55%	0.27%
DIS	B	0.13%	0.2%	0.13%
DTE	C	0.14%	0.17%	0.14%
EOG	A	0.07%	0.82%	0.07%
EQIX	A	0.21%	0.16%	0.16%
FANG	D	0.21%	0.43%	0.21%
FITB	A	0.19%	0.77%	0.19%
GOOG	C	1.73%	0.95%	0.95%
HBAN	A	0.16%	0.45%	0.16%
HD	A	1.06%	0.63%	0.63%
HON	B	0.18%	0.68%	0.18%
HUBB	B	0.06%	0.7%	0.06%
IP	B	0.12%	0.64%	0.12%
JNJ	D	1.16%	1.82%	1.16%
JPM	A	1.35%	1.23%	1.23%
KMB	D	0.26%	0.66%	0.26%
KO	D	0.74%	0.72%	0.72%
KVUE	A	0.23%	1.49%	0.23%
LIN	D	0.14%	0.73%	0.14%
LLY	F	1.21%	1.19%	1.19%
LVS	C	0.08%	0.41%	0.08%
MCD	D	0.23%	0.46%	0.23%
MCHP	D	0.2%	0.27%	0.2%
MET	A	0.11%	0.22%	0.11%
META	D	2.13%	0.87%	0.87%
MRK	F	0.71%	0.8%	0.71%
MS	A	0.94%	0.56%	0.56%
MSFT	F	6.07%	0.65%	0.65%
MU	D	0.2%	0.45%	0.2%
NEE	D	0.11%	0.59%	0.11%
NSC	B	0.07%	0.74%	0.07%
PG	A	0.78%	0.72%	0.72%
PLD	D	0.43%	0.34%	0.34%
PM	B	0.86%	1.41%	0.86%
PSA	D	0.29%	0.44%	0.29%
QCOM	F	0.74%	1.08%	0.74%
ROK	B	0.2%	0.52%	0.2%
SO	D	0.53%	1.67%	0.53%
SWK	D	0.08%	1.1%	0.08%
TT	A	0.02%	0.31%	0.02%
TXN	C	0.85%	0.7%	0.7%
UNH	C	0.87%	1.9%	0.87%
UNP	C	0.3%	0.42%	0.3%
UPS	C	0.57%	0.28%	0.28%
USB	A	0.47%	0.56%	0.47%
VZ	C	0.77%	0.58%	0.58%
WFC	A	0.42%	1.77%	0.42%
WMB	A	0.41%	0.46%	0.41%
WMT	A	0.03%	1.89%	0.03%
XOM	B	1.35%	2.56%	1.35%

UDIV Overweight 204 Positions Relative to TVAL

Symbol	Grade	Weight
NVDA	C	6.83%
AAPL	C	6.17%
AMZN	C	3.48%
GOOGL	C	1.92%
AVGO	D	1.72%
TSLA	B	1.48%
CSCO	B	0.86%
IBM	C	0.81%
T	A	0.79%
BX	A	0.76%
BMY	B	0.69%
PFE	D	0.66%
NFLX	A	0.64%
GILD	C	0.63%
AMGN	D	0.62%
PEP	F	0.57%
MDT	D	0.56%
MO	A	0.56%
CRM	B	0.51%
ORCL	B	0.5%
PNC	B	0.5%
DUK	C	0.49%
ABT	B	0.48%
NOW	A	0.47%
INTU	C	0.47%
GS	A	0.44%
ITW	B	0.43%
ETN	A	0.41%
INTC	D	0.41%
OKE	A	0.38%
TFC	A	0.38%
MMM	D	0.36%
AMT	D	0.35%
NXPI	D	0.35%
ADBE	C	0.35%
LRCX	F	0.34%
V	A	0.34%
SPG	B	0.33%
BK	A	0.33%
KMI	A	0.32%
DLR	B	0.32%
PLTR	B	0.31%
CRWD	B	0.3%
KLAC	D	0.3%
SBUX	A	0.3%
AEP	D	0.29%
ANET	C	0.28%
PRU	A	0.28%
UBER	D	0.28%
TGT	F	0.28%
MELI	D	0.28%
O	D	0.28%
FAST	B	0.27%
F	C	0.27%
PANW	C	0.27%
LOW	D	0.27%
COST	B	0.26%
PAYX	C	0.26%
CCI	D	0.24%
MA	C	0.23%
HPQ	B	0.23%
JCI	C	0.23%
MSCI	C	0.23%
MTB	A	0.22%
EMR	A	0.22%
EXC	C	0.22%
PSX	C	0.22%
GLW	B	0.21%
XEL	A	0.21%
EXR	D	0.2%
GIS	D	0.2%
VICI	C	0.19%
DOW	F	0.19%
ED	D	0.19%
EIX	B	0.19%
VRT	B	0.18%
STT	A	0.18%
WEC	A	0.18%
APD	A	0.18%
RTX	C	0.18%
GRMN	B	0.18%
ETR	B	0.18%
IRM	D	0.17%
SYY	B	0.17%
PEG	A	0.16%
TROW	B	0.16%
DVN	F	0.16%
KKR	A	0.16%
KHC	F	0.16%
SW	A	0.16%
RF	A	0.15%
ISRG	A	0.14%
DFS	B	0.14%
VTR	C	0.14%
CDNS	B	0.14%
CINF	A	0.14%
EQR	B	0.14%
PPL	B	0.14%
NTAP	C	0.14%
EBAY	D	0.13%
IFF	D	0.13%
LYB	F	0.13%
ADP	B	0.13%
NTRS	A	0.13%
CFG	B	0.13%
COIN	C	0.13%
NKE	D	0.13%
MPWR	F	0.12%
INVH	D	0.12%
DRI	B	0.12%
CLX	B	0.12%
CTRA	B	0.12%
CMG	B	0.12%
WELL	A	0.12%
PFG	D	0.12%
FE	C	0.12%
MRVL	B	0.12%
K	A	0.12%
PKG	A	0.12%
ES	D	0.12%
ESS	B	0.11%
ZS	C	0.11%
TSN	B	0.11%
GPC	D	0.11%
CMS	C	0.11%
SNA	A	0.11%
BBY	D	0.11%
BR	A	0.11%
LUV	C	0.11%
STX	D	0.11%
OMC	C	0.11%
DASH	A	0.11%
KEY	B	0.11%
WSO	A	0.11%
SNPS	B	0.11%
VTRS	A	0.1%
ARE	D	0.1%
KIM	A	0.1%
HPE	B	0.1%
DELL	C	0.1%
MAA	B	0.1%
SUI	D	0.09%
DOC	D	0.09%
AMCR	D	0.09%
LNT	A	0.09%
DDOG	A	0.09%
FNF	B	0.09%
EWBC	A	0.09%
EL	F	0.09%
NI	A	0.09%
UDR	B	0.08%
FDX	B	0.08%
AXON	A	0.08%
VLO	C	0.08%
EVRG	A	0.08%
SWKS	F	0.08%
SJM	D	0.07%
WPC	D	0.07%
CG	A	0.07%
JNPR	F	0.07%
REG	B	0.07%
EMN	D	0.07%
BXP	D	0.07%
HST	C	0.07%
CPT	B	0.07%
GEN	B	0.07%
ELS	C	0.07%
AES	F	0.06%
WDAY	B	0.06%
SCCO	F	0.06%
APA	D	0.06%
SLB	C	0.06%
HUBS	A	0.06%
IPG	D	0.06%
SNOW	C	0.06%
CNH	C	0.06%
TTD	B	0.06%
NET	B	0.06%
GD	F	0.06%
LKQ	D	0.06%
MDB	C	0.05%
CPB	D	0.05%
HRL	D	0.05%
APH	A	0.05%
TAP	C	0.05%
BEN	C	0.04%
TSCO	D	0.04%
SQ	B	0.04%
WBA	F	0.04%
RPRX	D	0.04%
ENTG	D	0.04%
CRBG	B	0.04%
SMCI	F	0.03%
DG	F	0.03%
AGR	B	0.02%
SYK	C	0.02%
OKTA	C	0.02%
DT	C	0.02%
FIS	C	0.02%
CAH	B	0.02%
TER	D	0.02%
SIRI	C	0.01%
BSY	D	0.01%
NEM	D	0.01%

UDIV Underweight 71 Positions Relative to TVAL

Symbol	Grade	Weight
CB	C	-2.23%
HIG	B	-1.96%
ELV	F	-1.81%
FI	A	-1.53%
LHX	C	-1.36%
GE	D	-1.21%
TMO	F	-1.12%
BDX	F	-1.01%
EQH	B	-1.0%
SCHW	B	-0.89%
TMUS	B	-0.88%
WY	D	-0.88%
AIG	B	-0.87%
CI	F	-0.87%
ZBH	C	-0.85%
CL	D	-0.84%
MCK	B	-0.8%
NWSA	B	-0.75%
VST	B	-0.74%
GEV	B	-0.7%
TTE	F	-0.7%
SRE	A	-0.68%
MMC	B	-0.67%
DHR	F	-0.65%
RSG	A	-0.62%
WDC	D	-0.6%
BA	F	-0.56%
AZO	C	-0.52%
RPM	A	-0.52%
CF	B	-0.52%
CSX	B	-0.49%
HWM	A	-0.48%
REXR	F	-0.48%
PGR	A	-0.48%
AZN	D	-0.47%
MAR	B	-0.47%
EQT	B	-0.46%
TDG	D	-0.46%
HCA	F	-0.45%
MDLZ	F	-0.43%
REGN	F	-0.42%
CPAY	A	-0.42%
LEN	D	-0.42%
LAMR	D	-0.4%
KDP	D	-0.4%
TSM	B	-0.39%
YUM	B	-0.36%
KEYS	A	-0.35%
MSI	B	-0.34%
EFX	F	-0.33%
A	D	-0.33%
COF	B	-0.33%
STLD	B	-0.32%
UAL	A	-0.31%
AME	A	-0.31%
OTIS	C	-0.3%
VRTX	F	-0.29%
ROP	B	-0.29%
TJX	A	-0.29%
MOH	F	-0.28%
CARR	D	-0.27%
AXP	A	-0.26%
SPGI	C	-0.26%
CDW	F	-0.25%
MGM	D	-0.24%
ZTS	D	-0.23%
HAL	C	-0.22%
VMC	B	-0.22%
BHP	F	-0.2%
AVY	D	-0.19%
SNY	F	-0.19%