Franklin FTSE Asia Ex Japan ETF
ALTAR
Score™
8.9% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
13.7x P/Sales
ratio
1.1x
P/BV
ratio
1.3x Div.
yield
3.0%


  • 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) $16
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 1470
Wgt avg mkt cap (mns) $126,577
Large cap (>$10bn) 74.0%
Mid cap ($2-10bn) 22.3%
Small cap (<$2bn) 3.3%
Developed mkts 21.0%
Emerging mkts 79.0%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 7.6 %
TENCENT HOLDINGS LTD 6.6 %
TAIWAN SEMICONDUCTOR MANUFAC 5.1 %
SAMSUNG ELECTRONICS CO LTD 4.0 %
AIA GROUP LTD 2.2 %
CHINA CONSTRUCTION BANK-H 1.6 %
RELIANCE INDUSTRIES LTD 1.3 %
PING AN INSURANCE GROUP CO-H 1.1 %
MEITUAN DIANPING 1.1 %
IND & COMM BK OF CHINA - H 1.1 %
Total 31.7 %

TOP COUNTRY EXPOSURE
CHINA 37.7 %
TAIWAN 14.1 %
HONG KONG 13.5 %
SOUTH KOREA 13.0 %
INDIA 9.3 %
SINGAPORE 3.3 %
THAILAND 2.8 %
MALAYSIA 2.5 %
INDONESIA 1.6 %
PHILIPPINES 1.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.0% -1.0% -- -- -6.3%

Market Correlations
versus... Beta R-squared
S&P500 0.77 65%
MSCI EAFE 0.89 72%
MSCI Emg. Mkts. 0.83 90%

Technical Indicators
Recent close $19.89
30d moving avg. $19.48
Annualized volatility 18.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 10
Turnover 1.3%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $52,594

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 8.9%


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 8.4 -0.5
EEMA iShares MSCI Emerging Markets Asia ETF 80.8 50 -31 8.8 -0.1
EEM iShares MSCI Emerging Markets ETF 73.2 68 -49 8.7 -0.2
SCHE Schwab Emerging Markets Equity ETF 70.9 13 6 9.1 +0.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 70.4 65 -46 8.9 -0.0
IEMG iShares Core MSCI Emerging Markets ETF 67.1 14 5 9.2 +0.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 63.0 30 -11 9.2 +0.3
JHEM John Hancock Multifactor Emerging Markets ETF 62.3 55 -36 9.3 +0.4
VWO Vanguard FTSE Emerging Markets ETF 60.7 10 9 9.3 +0.4
PBEE Invesco PureBeta FTSE Emerging Markets ETF 59.8 14 5 9.9 +1.0
GMF SPDR S&P Emerging Asia Pacific ETF 57.8 49 -30 8.4 -0.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 56.7 32 -13 7.2 -1.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 53.5 45 -26 9.0 +0.1
SPEM SPDR Portfolio Emerging Markets ETF 50.6 11 8 9.0 +0.1
ESGE iShares ESG MSCI EM ETF 48.7 25 -6 10.2 +1.3
BKF iShares MSCI BRIC ETF 48.6 69 -50 8.9 -0.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 47.6 59 -40 11.7 +2.8
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 45.3 20 -1 8.0 -0.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 42.8 30 -11 9.7 +0.8
DVEM WisdomTree Emerging Markets Dividend Fund 42.6 32 -13 9.5 +0.6
FLCH Franklin FTSE China ETF 41.6 19 0 9.6 +0.7
GXC SPDR S&P China ETF 41.3 59 -40 9.2 +0.3
MCHI iShares MSCI China ETF 41.2 59 -40 9.3 +0.4
AVEM Avantis Emerging Markets Equity ETF 40.6 33 -14 10.0 +1.1
AXJL WisdomTree Asia Pacific ex-Japan Fund 40.0 48 -29 10.1 +1.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 39.0 95 -76 10.7 +1.8
PXH Invesco FTSE RAFI Emerging Markets ETF 38.7 50 -31 14.5 +5.6
AIA iShares Asia 50 ETF 38.4 50 -31 9.3 +0.4
CN Xtrackers MSCI All China Equity ETF 37.4 50 -31 9.7 +0.8
WCHN WisdomTree ICBCCS S&P China 500 Fund 37.3 55 -36 9.3 +0.4
KALL KraneShares FTSE Emerging Markets Plus ETF 36.8 49 -30 9.4 +0.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 34.0 49 -30 9.5 +0.6
NUEM Nuveen ESG Emerging Markets Equity ETF 33.6 45 -26 8.1 -0.8
EMXC iShares MSCI Emerging Markets ex China ETF 32.7 49 -30 8.9 -0.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 32.5 49 -30 8.8 -0.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 32.2 39 -20 13.9 +5.0
ISEM Invesco Strategic Emerging Markets ETF 32.1 35 -16 11.1 +2.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 31.3 40 -21 8.0 -0.9
EMCG WisdomTree Emerging Markets Consumer Growth Fund 30.4 32 -13 8.0 -0.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 29.5 32 -13 9.9 +1.0
CHIL Global X MSCI China Large-Cap 50 ETF 29.0 29 -10 9.8 +0.9
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 27.2 64 -45 5.7 -3.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 27.0 32 -13 7.2 -1.7
FDEM Fidelity Targeted Emerging Markets Factor ETF 25.6 45 -26 10.2 +1.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 24.8 45 -26 9.4 +0.5
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 24.7 25 -6 8.8 -0.1
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 24.4 50 -31 10.4 +1.5
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 23.5 16 3 7.5 -1.4
EEMO Invesco S&P Emerging Markets Momentum ETF 23.2 30 -11 7.5 -1.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 22.9 40 -21 7.9 -1.0
ROAM Hartford Multifactor Emerging Markets ETF 22.4 44 -25 15.7 +6.8
ACWX iShares MSCI ACWI ex U.S. ETF 22.0 32 -13 8.0 -0.9
EMMF WisdomTree Emerging Markets Multifactor Fund 21.6 48 -29 10.2 +1.4
VSGX Vanguard ESG International Stock ETF 21.3 17 2 7.8 -1.1
IXUS ishares Core MSCI Total International Stock ETF 21.1 9 10 8.1 -0.8
VEU Vanguard FTSE All-World ex-US Index Fund 20.5 8 11 8.2 -0.7
VXUS Vanguard Total International Stock Index Fund 20.2 8 11 8.2 -0.7
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 19.9 45 -26 10.3 +1.4
VPL Vanguard FTSE Pacific ETF 19.9 8 11 8.3 -0.6
RNEM Emerging Markets Equity Select ETF 19.4 75 -56 11.1 +2.2
BICK First Trust BICK Index Fund 19.3 64 -45 4.8 -4.1
FDNI First Trust Dow Jones International Internet ETF 19.1 65 -46 2.9 -6.0
KWEB KraneShares CSI China Internet ETF 19.1 76 -57 3.6 -5.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 19.1 86 -67 2.4 -6.5
FXI iShares China Large-Cap ETF 18.7 74 -55 13.9 +5.0
VYMI Vanguard International High Dividend Yield ETF 18.6 32 -13 10.8 +1.9
CWI SPDR MSCI ACWI ex-US ETF 18.4 30 -11 8.0 -0.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 18.2 29 -10 10.3 +1.4
ECON Columbia Emerging Markets Consumer ETF 18.0 59 -40 5.1 -3.8
XCEM Columbia EM Core ex-China ETF 17.9 16 3 8.2 -0.7
VIGI Vanguard International Dividend Appreciation ETF 17.7 25 -6 6.2 -2.7
TTTN UP Fintech China-U.S. Internet Titans ETF 17.3 59 -40 5.1 -3.8
DEM WisdomTree Emerging Markets High Dividend Fund 14.6 63 -44 14.8 +5.9
JOYY Infusive Compounding Global Equities ETF 14.5 50 -31 4.0 -4.9
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 14.3 45 -26 14.1 +5.2
PIE Invesco DWA Emerging Markets Momentum ETF 14.1 90 -71 5.9 -3.0
FLTW Franklin FTSE Taiwan ETF 14.0 19 0 7.0 -1.9
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 13.8 20 -1 11.6 +2.7
EWT iShares MSCI Taiwan ETF 13.7 59 -40 6.7 -2.2
FLKR Franklin FTSE South Korea ETF 13.0 9 10 10.2 +1.4
DINT Davis Select International ETF 12.9 75 -56 6.2 -2.7
CHIQ Global X China Consumer ETF 12.5 65 -46 9.8 +0.9
EWY iShares MSCI South Korea ETF 12.2 59 -40 9.7 +0.8
FNI First Trust Chindia ETF 12.0 59 -40 3.7 -5.2
OGIG O'Shares Global Internet Giants ETF 12.0 48 -29 0.5 -8.4
PGJ Invesco Golden Dragon China ETF 11.9 70 -51 3.6 -5.3
FRDM Freedom 100 Emerging Markets ETF 11.8 49 -30 8.0 -0.9
DOGS Arrow Dogs of the World ETF 11.7 134 -115 11.7 +2.8
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 11.5 80 -61 1.9 -7.0
EPP iShares MSCI Pacific ex-Japan ETF 11.4 48 -29 7.5 -1.4
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 11.3 18 1 6.5 -2.4
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 11.0 19 0 7.6 -1.3
DWLD Davis Select Worldwide ETF 10.8 64 -45 7.0 -1.9
AIQ Global X Future Analytics Tech ETF 10.8 68 -49 4.2 -4.7
GBUY Goldman Sachs Motif New Age Consumer ETF 10.4 50 -31 2.3 -6.6
IPAC iShares Core MSCI Pacific ETF 10.2 9 10 8.0 -0.9
CQQQ Invesco China Technology ETF 10.1 70 -51 4.5 -4.4
IGRO iShares International Dividend Growth ETF 10.1 22 -3 8.5 -0.4
ACWV iShares Edge MSCI Min Vol Global ETF 10.1 20 -1 6.0 -2.9
FLHK Franklin FTSE Hong Kong ETF 10.0 9 10 9.6 +0.7

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:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.5 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 8.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.37 CATEGORY
AVERAGE
1.58
 
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.