Franklin FTSE Asia Ex Japan ETF
ALTAR
Score™
7.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
17.0x P/Sales
ratio
1.4x
P/BV
ratio
1.5x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Franklin FTSE Asia ex Japan ETF tracks a market-cap-weighted index of large- and midcap stocks from developed and emerging Asian countries, excluding Japan.

FUND BASICS
Category International Equities
Fund Sponsor Franklin Templeton Investments
Website www.libertyshares.com
Inception date Feb 06, 2018
Assets (mns) $19
Currency USD
Expense ratio 19 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 1505
Wgt avg mkt cap (mns) $163,752
Large cap (>$10bn) 77.2%
Mid cap ($2-10bn) 18.9%
Small cap (<$2bn) 2.4%
Developed mkts 20.2%
Emerging mkts 79.9%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 7.7 %
TENCENT HOLDINGS LTD 6.7 %
TAIWAN SEMICONDUCTOR MANUFAC 6.1 %
SAMSUNG ELECTRONICS CO LTD 3.9 %
AIA GROUP LTD 1.9 %
MEITUAN DIANPING 1.8 %
RELIANCE INDUSTRIES LTD 1.5 %
CHINA CONSTRUCTION BANK-H 1.2 %
HONG KONG EXCHANGES & CLEAR 1.1 %
PING AN INSURANCE GROUP CO-H 1.0 %
Total 32.9 %

TOP COUNTRY EXPOSURE
CHINA 40.5 %
TAIWAN 14.1 %
SOUTH KOREA 13.0 %
HONG KONG 11.9 %
INDIA 9.3 %
SINGAPORE 2.8 %
THAILAND 2.3 %
MALAYSIA 2.2 %
INDONESIA 1.5 %
PHILIPPINES 0.9 %

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.
2.2% 12.2% -- -- 0.4%

Market Correlations
versus... Beta R-squared
S&P500 0.81 62%
MSCI EAFE 0.94 70%
MSCI Emg. Mkts. 0.84 91%

Technical Indicators
Recent close $23.67
30d moving avg. $23.18
Annualized volatility 19.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.1%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $113,301

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Franklin FTSE Asia Ex Japan ETF ETF based on the alternatives' overlap in portfolio holdings with FLAX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FLAX Expense: 19 bp ALTAR Score™: 7.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLAX
Ticker Fund
Name
Overlap1
vs FLAX
(%)
Expense
ratio
(bp)
Savings
vs FLAX
(bp)
ALTAR
Score™
(%)
ALTAR
vs FLAX
(%)
AAXJ iShares MSCI All Country Asia ex Japan ETF 91.3 68 -49 7.0 -0.7
EEMA iShares MSCI Emerging Markets Asia ETF 80.6 50 -31 7.4 -0.2
EEM iShares MSCI Emerging Markets ETF 75.5 68 -49 7.3 -0.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 72.7 36 -17 8.0 +0.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 72.4 65 -46 7.3 -0.3
SCHE Schwab Emerging Markets Equity ETF 72.2 11 8 7.9 +0.3
IEMG iShares Core MSCI Emerging Markets ETF 69.0 13 6 7.8 +0.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 65.2 30 -11 7.7 +0.1
VWO Vanguard FTSE Emerging Markets ETF 61.2 10 9 8.0 +0.3
JHEM John Hancock Multifactor Emerging Markets ETF 61.1 49 -30 8.3 +0.6
PBEE Invesco PureBeta FTSE Emerging Markets ETF 58.9 15 4 8.6 +0.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 57.6 32 -13 6.1 -1.5
GMF SPDR S&P Emerging Asia Pacific ETF 56.9 49 -30 7.2 -0.4
BKEM BNY Mellon Emerging Markets Equity ETF 56.6 11 8 8.4 +0.7
ESGE iShares ESG MSCI EM ETF 56.0 25 -6 8.5 +0.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 55.3 45 -26 7.8 +0.2
SPEM SPDR Portfolio Emerging Markets ETF 52.6 11 8 7.8 +0.2
BKF iShares MSCI BRIC ETF 50.5 69 -50 7.4 -0.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 48.0 20 -1 6.7 -0.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 44.3 59 -40 10.8 +3.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 43.6 30 -11 8.6 +1.0
FLCH Franklin FTSE China ETF 43.5 19 0 8.3 +0.7
MCHI iShares MSCI China ETF 43.5 59 -40 7.8 +0.2
GXC SPDR S&P China ETF 42.7 59 -40 8.0 +0.4
DVEM WisdomTree Emerging Markets Dividend Fund 41.1 32 -13 8.1 +0.5
AVEM Avantis Emerging Markets Equity ETF 40.6 33 -14 8.7 +1.0
PXH Invesco FTSE RAFI Emerging Markets ETF 38.8 50 -31 13.2 +5.6
AIA iShares Asia 50 ETF 38.0 50 -31 7.9 +0.3
CN Xtrackers MSCI All China Equity ETF 38.0 50 -31 8.1 +0.5
KALL KraneShares FTSE Emerging Markets Plus ETF 37.0 49 -30 8.1 +0.5
NUEM Nuveen ESG Emerging Markets Equity ETF 35.8 45 -26 7.0 -0.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 34.9 95 -76 9.2 +1.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 34.8 40 -21 7.2 -0.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 34.8 49 -30 7.6 0.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 32.5 49 -30 7.6 -0.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 32.2 39 -20 12.6 +5.0
EMXC iShares MSCI Emerging Markets ex China ETF 32.2 25 -6 7.9 +0.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 29.6 32 -13 8.9 +1.3
CHIL Global X MSCI China Large-Cap 50 ETF 29.1 29 -10 8.3 +0.7
CXSE WisdomTree China ex-State-Owned Enterprises Fund 29.0 32 -13 6.1 -1.6
ISEM Invesco Strategic Emerging Markets ETF 28.8 35 -16 10.2 +2.6
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 28.3 25 -6 7.7 +0.1
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 27.5 64 -45 4.6 -3.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 26.2 16 3 6.8 -0.8
FDEM Fidelity Targeted Emerging Markets Factor ETF 25.2 45 -26 9.3 +1.7
EEMO Invesco S&P Emerging Markets Momentum ETF 25.0 29 -10 6.4 -1.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 24.9 40 -21 6.9 -0.7
ACWX iShares MSCI ACWI ex U.S. ETF 23.4 32 -13 7.1 -0.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 23.4 44 -25 8.9 +1.3
VSGX Vanguard ESG International Stock ETF 23.4 17 2 7.0 -0.6
EMMF WisdomTree Emerging Markets Multifactor Fund 23.3 48 -29 9.3 +1.7
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 22.9 50 -31 10.3 +2.7
IXUS ishares Core MSCI Total International Stock ETF 22.8 9 10 7.3 -0.4
VEU Vanguard FTSE All-World ex-US Index Fund 22.2 8 11 7.4 -0.2
VXUS Vanguard Total International Stock Index Fund 21.6 8 11 7.4 -0.2
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 21.6 45 -26 8.8 +1.2
VYMI Vanguard International High Dividend Yield ETF 21.6 32 -13 9.9 +2.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 21.4 86 -67 2.1 -5.5
ROAM Hartford Multifactor Emerging Markets ETF 20.9 44 -25 14.4 +6.8
KWEB KraneShares CSI China Internet ETF 20.8 76 -57 1.8 -5.8
VPL Vanguard FTSE Pacific ETF 20.5 8 11 7.5 -0.2
FDNI First Trust Dow Jones International Internet ETF 20.3 65 -46 2.2 -5.4
ECON Columbia Emerging Markets Consumer ETF 19.8 59 -40 4.5 -3.2
CWI SPDR MSCI ACWI ex-US ETF 19.6 30 -11 7.1 -0.6
XCEM Columbia EM Core ex-China ETF 19.1 16 3 7.0 -0.6
TTTN UP Fintech China-U.S. Internet Titans ETF 18.8 59 -40 4.1 -3.5
BICK First Trust BICK Index Fund 18.4 64 -45 4.3 -3.3
RNEM Emerging Markets Equity Select ETF 17.6 75 -56 11.4 +3.8
FXI iShares China Large-Cap ETF 17.5 74 -55 13.0 +5.4
OGIG O'Shares Global Internet Giants ETF 15.4 48 -29 0.7 -6.9
PIE Invesco DWA Emerging Markets Momentum ETF 15.2 90 -71 4.6 -3.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 14.9 29 -10 9.8 +2.2
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 14.7 45 -26 13.2 +5.5
VIGI Vanguard International Dividend Appreciation ETF 14.5 25 -6 5.5 -2.1
FLTW Franklin FTSE Taiwan ETF 14.1 19 0 6.1 -1.5
CHIQ Global X China Consumer ETF 14.0 65 -46 7.0 -0.6
WUGI Esoterica NextG Economy ETF 13.9 75 -56 1.7 -5.9
EWT iShares MSCI Taiwan ETF 13.8 59 -40 5.7 -2.0
DINT Davis Select International ETF 13.4 68 -49 5.7 -1.9
FLKR Franklin FTSE South Korea ETF 13.0 9 10 8.4 +0.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 13.0 20 -1 10.8 +3.2
PGJ Invesco Golden Dragon China ETF 12.4 70 -51 3.2 -4.5
DEM WisdomTree Emerging Markets High Dividend Fund 12.2 63 -44 14.0 +6.4
EWY iShares MSCI South Korea ETF 12.1 59 -40 8.0 +0.4
FNI First Trust Chindia ETF 12.1 60 -41 2.6 -5.0
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 12.0 18 1 5.3 -2.3
AIQ Global X Future Analytics Tech ETF 11.7 68 -49 4.2 -3.5
DWLD Davis Select Worldwide ETF 11.7 63 -44 6.4 -1.2
GBUY Goldman Sachs Motif New Age Consumer ETF 11.6 50 -31 1.8 -5.9
FRDM Freedom 100 Emerging Markets ETF 11.4 49 -30 6.5 -1.1
CQQQ Invesco China Technology ETF 11.3 70 -51 3.8 -3.8
IGRO iShares International Dividend Growth ETF 11.2 22 -3 7.8 +0.2
PNQI Invesco NASDAQ Internet ETF 10.5 62 -43 1.0 -6.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 10.3 20 -1 5.9 -1.7
LOWC SPDR MSCI ACWI Low Carbon Target ETF 10.1 20 -1 5.9 -1.8
IPAC iShares Core MSCI Pacific ETF 10.1 9 10 7.2 -0.4
JOYY Infusive Compounding Global Equities ETF 10.0 50 -31 3.6 -4.0
BUYZ Franklin Disruptive Commerce ETF 10.0 50 -31 -0.3 -7.9

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 Asia Ex Japan ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.5 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 7.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.36 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.