Franklin FTSE Australia
ALTAR
Score™
6.1% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
17.2x P/Sales
ratio
2.5x
P/BV
ratio
2.1x Div.
yield
4.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Franklin FTSE Australia ETF tracks a market-cap-weighted index of Australian large- and midcap stocks.

FUND BASICS
Category International Equities
Fund Sponsor Franklin Templeton
Website www.libertyshares.com
Inception date Nov 02, 2017
Assets (mns) $13
Currency USD
Expense ratio 9 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 103
Wgt avg mkt cap (mns) $43,744
Large cap (>$10bn) 71.4%
Mid cap ($2-10bn) 27.4%
Small cap (<$2bn) 1.2%
Developed mkts 99.4%
Emerging mkts 0.6%

TOP TEN HOLDINGS
COMMONWEALTH BANK OF AUSTRAL 8.8 %
CSL LIMITED 7.4 %
BHP BILLITON LTD 6.9 %
WESTPAC BANKING CORP 6.0 %
NATIONAL AUSTRALIA BANK LTD 5.2 %
AUST AND NZ BANKING GROUP 4.7 %
WOOLWORTHS LIMITED 3.0 %
WESFARMERS LIMITED 2.9 %
MACQUARIE GROUP LTD 2.7 %
TRANSURBAN GROUP 2.5 %
Total 50.0 %

TOP COUNTRY EXPOSURE
AUSTRALIA 95.6 %
BRITAIN 1.5 %
IRELAND 0.8 %
NEW ZEALAND 0.4 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
19.8% 16.1% -- -- 5.0%

Market Correlations
versus... Beta R-squared
S&P500 0.63 64%
MSCI EAFE 0.76 72%
MSCI Emg. Mkts. 0.56 59%

Technical Indicators
Recent close $25.90
30d moving avg. $25.63
Annualized volatility 11.6%
Short interest (ETF) 7.3%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.4%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $2,943

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Franklin FTSE Australia ETF based on the alternatives' overlap in portfolio holdings with FLAU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FLAU Expense: 9 bp ALTAR Score™: 6.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLAU
Ticker Fund
Name
Overlap1
vs FLAU
(%)
Expense
ratio
(bp)
Savings
vs FLAU
(bp)
ALTAR
Score™
(%)
ALTAR
vs FLAU
(%)
EWA iShares MSCI Australia 88.6 47 -38 5.7 -0.4
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan 56.0 19 -10 6.6 +0.5
EPP iShares MSCI Pacific ex-Japan 55.2 48 -39 6.4 +0.3
FAUS First Trust Australia 28.6 80 -71 5.4 -0.7
SCIX Global X Scientific Beta Asia ex-Japan 27.6 38 -29 6.2 +0.2
AXJL WisdomTree Asia Pacific Ex-Japan 22.5 48 -39 9.2 +3.1
DVYA iShares Asia/Pacific Dividend 30 17.7 49 -40 8.3 +2.2
FPA First Trust Asia Pac Ex-Japan AlphaDEX 17.7 80 -71 8.8 +2.8
IDOG ALPS International Sector Dividend Dogs 17.0 50 -41 7.4 +1.4
IPAC iShares Core MSCI Pacific 16.0 9 0 7.5 +1.5
RFAP First Trust Riverfront Dynamic Asia Pacific 15.4 83 -74 7.4 +1.3
VPL Vanguard Pacific ETF 14.5 9 0 7.9 +1.8
IDV iShares DJ Int'l Select Dividend 12.8 49 -40 8.5 +2.5
PICK iShares MSCI Global Select Metals & Mining 12.3 39 -30 7.6 +1.5
IDHD Invesco S&P Intl Developed High Div Low Volatility 12.3 30 -21 6.5 +0.4
IDMO Invesco S&P Int'l Dev. Momentum 11.6 25 -16 4.7 -1.4
DEEF Xtrackers FTSE Dev ex-US Comprehensive Factor 11.0 24 -15 7.1 +1.0
DWMF WisdomTree International Multifactor Fund 11.0 38 -29 6.4 +0.4
INTF iShares FactorSelect MSCI International 10.9 30 -21 8.4 +2.3
EFAS Global X MSCI SuperDividend EAFE 10.1 55 -46 8.5 +2.4

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Franklin FTSE Australia
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.4 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.92 CATEGORY
AVERAGE
1.63
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.