Franklin FTSE Australia ETF
ALTAR
Score™		 6.5% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 21.5x P/Sales
ratio		 2.4x
P/BV
ratio		 1.8x Div.
yield		 3.0%


  • 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) $15
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 105
Wgt avg mkt cap (mns) $45,197
Large cap (>$10bn) 68.4%
Mid cap ($2-10bn) 28.1%
Small cap (<$2bn) 1.9%
Developed mkts 99.6%
Emerging mkts 0.4%

TOP TEN HOLDINGS
COMMONWEALTH BANK OF AUSTRAL 8.8 %
CSL LIMITED 8.7 %
BHP BILLITON LTD 8.1 %
WESTPAC BANKING CORP 4.2 %
NATIONAL AUSTRALIA BANK LTD 3.8 %
WESFARMERS LIMITED 3.6 %
AUST AND NZ BANKING GROUP 3.5 %
WOOLWORTHS LIMITED 3.4 %
MACQUARIE GROUP LTD 2.8 %
RIO TINTO LTD 2.7 %
Total 49.5 %

TOP COUNTRY EXPOSURE
AUSTRALIA 96.7 %
BRITAIN 1.7 %
IRELAND 0.9 %
NEW ZEALAND 0.6 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-9.5% -6.7% -- -- 0.9%

Market Correlations
versus... Beta R-squared
S&P500 1.00 75%
MSCI EAFE 1.16 84%
MSCI Emg. Mkts. 0.83 72%

Technical Indicators
Recent close $24.29
30d moving avg. $23.52
Annualized volatility 21.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.5%
Bid/Ask (% of price) 0.36%
ADV underlying (mns) $3,679

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Franklin FTSE Australia ETF 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™: 6.5%


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 ETF 89.6 50 -41 6.1 -0.5
EPP iShares MSCI Pacific ex-Japan ETF 58.8 48 -39 6.5 -0.0
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 58.2 19 -10 6.8 +0.3
FAUS First Trust Australia AlphaDEX Fund 27.5 80 -71 6.3 -0.3
SCIX Global X Scientific Beta Asia ex-Japan ETF 25.9 38 -29 6.6 +0.1
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 19.1 83 -74 5.3 -1.2
IPAC iShares Core MSCI Pacific ETF 16.9 9 0 7.2 +0.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 16.1 80 -71 7.3 +0.8
PICK iShares MSCI Global Metals & Mining Producers ETF 14.8 39 -30 6.8 +0.3
VPL Vanguard FTSE Pacific ETF 14.8 8 1 7.5 +1.0
EFAS Global X MSCI SuperDividend EAFE ETF 12.7 56 -47 9.6 +3.1
IDOG ALPS International Sector Dividend Dogs ETF 12.3 50 -41 10.6 +4.1
WWJD Inspire International ESG ETF 11.4 80 -71 7.3 +0.8
GNR SPDR S&P Global Natural Resources ETF 11.3 40 -31 6.3 -0.2
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 11.1 24 -15 7.0 +0.5
IDMO Invesco S&P International Developed Momentum ETF 10.9 26 -17 4.4 -2.1
IDHQ Invesco S&P International Developed Quality ETF 10.0 29 -20 5.0 -1.5
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 9.9 45 -36 9.8 +3.2
JPIN JPMorgan Diversified Return International Equity ETF 9.8 37 -28 7.8 +1.3
DWCR Arrow DWA Country Rotation ETF 9.5 95 -86 13.6 +7.1
DTH WisdomTree DEFA Equity Income Fund 9.2 58 -49 9.6 +3.0
INTF iShares Edge MSCI Multifactor Intl ETF 9.2 30 -21 7.7 +1.2
DVYA iShares Asia/Pacific Dividend ETF 9.1 49 -40 12.8 +6.2
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 8.6 35 -26 6.8 +0.3
MXI iShares Global Materials ETF 8.6 46 -37 5.7 -0.9
IDY Pacific Global International Equity Income ETF 8.2 39 -30 7.9 +1.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 8.0 29 -20 8.5 +1.9
DIM WisdomTree International MidCap Dividend Fund 7.8 58 -49 7.5 +1.0
IDV iShares International Select Dividend ETF 7.6 49 -40 10.0 +3.5
IQLT iShares Edge MSCI Intl Quality Factor ETF 7.6 30 -21 6.0 -0.6
GUNR Flexshares Morningstar Global Upstream Natural Resources 7.5 46 -37 5.5 -1.0
DOO WisdomTree International Dividend ex-Financials Fund 7.3 58 -49 8.6 +2.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 7.3 35 -26 8.4 +1.8
EFV iShares MSCI EAFE Value ETF 7.3 39 -30 9.4 +2.9
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 7.2 30 -21 0.0 -6.5
GCOW Pacer Global High Dividend ETF 7.2 60 -51 10.2 +3.6
DWM WisdomTree International Equity Fund 7.1 48 -39 8.2 +1.7
GSID Goldman Sachs MarketBeta International Equity ETF 7.1 20 -11 7.2 +0.7
DOL WisdomTree International LargeCap Dividend Fund 7.1 48 -39 8.5 +1.9
LVHI Legg Mason International Low Volatility High Dividend ETF 7.0 40 -31 9.0 +2.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 6.9 14 -5 6.9 +0.4
ISZE iShares Edge MSCI Intl Size Factor ETF 6.8 30 -21 7.2 +0.7
IQSI IQ Candriam ESG International Equity ETF 6.8 15 -6 7.2 +0.7
DWMF WisdomTree International Multifactor Fund 6.8 38 -29 6.6 +0.1
JHMD John Hancock Multifactor Developed International ETF 6.8 39 -30 7.3 +0.8
HFXI IQ 50 Percent Hedged FTSE International ETF 6.8 20 -11 7.3 +0.8
EFA iShares MSCI EAFE ETF 6.8 32 -23 6.9 +0.4
ESGD iShares MSCI EAFE ESG Optimized ETF 6.8 20 -11 6.8 +0.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 6.7 7 2 7.4 +0.9
VYMI Vanguard International High Dividend Yield ETF 6.7 32 -23 9.9 +3.4
ESGN Columbia Sustainable International Equity Income ETF 6.6 45 -36 10.4 +3.9
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 6.6 35 -26 6.7 +0.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 6.6 20 -11 9.4 +2.9
NUDM Nuveen ESG International Developed Markets Equity ETF 6.5 40 -31 6.7 +0.2
FIDI Fidelity International High Dividend ETF 6.5 39 -30 11.0 +4.5
WPS iShares International Developed Property ETF 6.5 48 -39 7.9 +1.4
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 6.4 10 -1 9.2 +2.7
RNDM Developed International Equity Select ETF 6.4 65 -56 6.2 -0.3
IEFA iShares Core MSCI EAFE ETF 6.3 7 2 7.2 +0.7
VNQI Vanguard Global ex-US Real Estate Index Fund 6.3 12 -3 10.1 +3.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 6.3 20 -11 7.0 +0.4
EFG iShares MSCI EAFE Growth ETF 6.3 40 -31 4.5 -2.1
QINT American Century Quality Diversified International ETF 6.3 39 -30 5.6 -0.9
SCHF Schwab International Equity ETF 6.3 6 3 7.2 +0.7
IQDE FlexShares International Quality Dividend Defensive Index Fd 6.2 47 -38 11.9 +5.4
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 6.2 20 -11 10.8 +4.3
QEFA SPDR MSCI EAFE Quality Mix ETF 6.2 30 -21 6.8 +0.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 6.1 58 -49 7.7 +1.2
FYLD Cambria Foreign Shareholder Yield ETF 6.1 59 -50 6.7 +0.2
IVAL Alpha Architect International Quantitative Value ETF 6.1 59 -50 10.1 +3.6
IDLB Invesco FTSE International Low Beta Equal Weight ETF 6.1 45 -36 7.0 +0.5
EFAV iShares Edge MSCI Min Vol EAFE ETF 6.0 20 -11 5.4 -1.1
TPIF Timothy Plan International ETF 5.9 62 -53 6.2 -0.4
IDEV iShares Core MSCI International Developed Markets ETF 5.9 5 4 7.1 +0.6
BKIE BNY Mellon International Equity ETF 5.9 4 5 7.2 +0.7
CIL VictoryShares International Volatility Weighted Index ETF 5.9 45 -36 6.5 +0.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 5.9 45 -36 6.5 0.0
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 5.8 61 -52 4.8 -1.7
BLES Inspire Global Hope Large Cap ETF 5.8 52 -43 6.4 -0.1
LVIN Hartford Multifactor Low Volatility International Equity ETF 5.7 29 -20 12.0 +5.5
SPDW SPDR Portfolio Developed World ex-US ETF 5.6 4 5 7.0 +0.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 5.6 39 -30 6.4 -0.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 5.6 25 -16 6.5 -0.1
FNDF Schwab Fundamental International Large Co. Index ETF 5.5 25 -16 8.6 +2.1
PDEV Principal International Multi-Factor Core Index ETF 5.5 25 -16 7.7 +1.2
VEA Vanguard FTSE Developed Markets ETF 5.4 5 4 7.3 +0.8
PIZ Invesco DWA Developed Markets Momentum ETF 5.3 81 -72 4.6 -1.9
RFDI First Trust Riverfront Dynamic Developed International ETF 5.2 83 -74 5.6 -1.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 5.2 45 -36 8.7 +2.1
HAP VanEck Vectors Natural Resources ETF 5.2 50 -41 5.9 -0.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 5.2 32 -23 6.3 -0.2
IXG iShares Global Financials ETF 5.1 46 -37 9.7 +3.2
EFAD ProShares MSCI EAFE Dividend Growers ETF 5.0 50 -41 6.0 -0.5
DRW WisdomTree Global ex-US Real Estate Fund 5.0 58 -49 10.6 +4.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 4.9 65 -56 10.5 +4.0
FDEV Fidelity Targeted International Factor ETF 4.7 39 -30 6.5 -0.1
IMTM iShares Edge MSCI Intl Momentum Factor ETF 4.7 30 -21 4.3 -2.2
IQDF FlexShares International Quality Dividend Index Fund 4.6 47 -38 12.1 +5.5
UIVM VictoryShares USAA MSCI International Value Momentum ETF 4.6 35 -26 8.5 +2.0

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

  2015 2016 2017 2018 2019 2020E 2021E
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

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VALUATION METRICS
  2019 2020E 2021E
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 ETF
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 11.4 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.70 CATEGORY
AVERAGE		 1.59
 
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.