Franklin FTSE Canada ETF
ALTAR
Score™		 7.4% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 20.6x P/Sales
ratio		 1.8x
P/BV
ratio		 1.7x Div.
yield		 3.6%


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

FUND BASICS
Category International Equities
Fund Sponsor Franklin Templeton
Website www.libertyshares.com
Inception date Nov 02, 2017
Assets (mns) $6
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 55
Wgt avg mkt cap (mns) $46,228
Large cap (>$10bn) 93.8%
Mid cap ($2-10bn) 6.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SHOPIFY, INC. CLASS A 8.3 %
ROYAL BANK OF CANADA 8.1 %
TORONTO-DOMINION BANK 6.7 %
CANADIAN NATL RAILWAY CO 5.2 %
ENBRIDGE INC 5.1 %
BANK OF NOVA SCOTIA 4.2 %
BARRICK GOLD CORP 4.0 %
BROOKFIELD ASSET MANAGE-CL A 3.8 %
TRANSCANADA CORP 3.3 %
CANADIAN PACIFIC RAILWAY LTD 2.9 %
Total 51.6 %

TOP COUNTRY EXPOSURE
CANADA 99.9 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-11.5% -5.8% -- -- -0.2%

Market Correlations
versus... Beta R-squared
S&P500 1.01 82%
MSCI EAFE 1.10 83%
MSCI Emg. Mkts. 0.81 70%

Technical Indicators
Recent close $23.10
30d moving avg. $23.00
Annualized volatility 20.3%
Short interest (ETF) 2.1%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.4%
Bid/Ask (% of price) 0.43%
ADV underlying (mns) $6,497

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Franklin FTSE Canada ETF ETF based on the alternatives' overlap in portfolio holdings with FLCA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FLCA Expense: 9 bp ALTAR Score™: 7.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLCA
Ticker Fund
Name		 Overlap1
vs FLCA
(%)		 Expense
ratio
(bp)		 Savings
vs FLCA
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FLCA
(%)
BBCA JPMorgan BetaBuilders Canada ETF 89.1 19 -10 7.2 -0.2
EWC iShares MSCI Canada ETF 88.6 49 -40 6.9 -0.5
QCAN SPDR MSCI Canada Quality Mix ETF 87.1 14 -5 7.2 -0.2
PID Invesco International Dividend Achievers ETF 31.5 54 -45 9.8 +2.4
FCAN First Trust Canada AlphaDex Fund 24.8 80 -71 4.9 -2.5
IGRO iShares International Dividend Growth ETF 17.2 22 -13 8.2 +0.8
NANR SPDR S&P North American Natural Resources ETF 15.6 35 -26 3.5 -3.9
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 14.8 47 -38 6.5 -0.9
ABEQ Absolute Core Strategy ETF 12.8 85 -76 4.7 -2.7
INFR Legg Mason Global Infrastructure ETF 12.4 40 -31 6.2 -1.2
IXC iShares Global Energy ETF 12.3 46 -37 5.9 -1.5
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 11.9 46 -37 5.4 -2.0
GLIF AGFiQ Global Infrastructure ETF 11.7 45 -36 5.3 -2.1
DWX SPDR S&P International Dividend ETF 10.7 45 -36 8.1 +0.7
ISDX Invesco Strategic Developed ex-US ETF 10.4 23 -14 7.7 +0.3
TPYP Tortoise North American Pipeline Fund 9.9 40 -31 6.0 -1.4
ENFR Alerian Energy Infrastructure ETF 9.9 65 -56 5.2 -2.2
USAI Pacer American Energy Independence ETF 9.9 75 -66 2.7 -4.7
CIL VictoryShares International Volatility Weighted Index ETF 9.8 45 -36 6.8 -0.6
AIIQ AI Powered International Equity ETF 9.7 79 -70 4.7 -2.7
FID First Trust S&P International Dividend Aristocrats ETF 9.7 60 -51 10.0 +2.6
IGF iShares Global Infrastructure ETF 9.7 46 -37 5.4 -2.0
IMTM iShares Edge MSCI Intl Momentum Factor ETF 9.7 30 -21 4.4 -3.0
MLPX Global X MLP & Energy Infrastructure ETF 9.6 45 -36 3.8 -3.6
GUNR Flexshares Morningstar Global Upstream Natural Resources 9.6 46 -37 5.9 -1.5
IDMO Invesco S&P International Developed Momentum ETF 9.5 26 -17 4.6 -2.8
GII SPDR S&P Global Infrastructure ETF 9.5 40 -31 5.4 -2.0
SGDM Sprott Gold Miners ETF 9.1 50 -41 2.8 -4.6
WDIV SPDR Global Dividend ETF 8.9 40 -31 10.0 +2.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 8.7 20 -11 11.3 +3.9
PDEV Principal International Multi-Factor Core Index ETF 8.5 25 -16 8.1 +0.7
LVHI Legg Mason International Low Volatility High Dividend ETF 8.2 40 -31 9.3 +1.9
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 7.6 32 -23 6.4 -1.0
GNR SPDR S&P Global Natural Resources ETF 7.6 40 -31 6.7 -0.7
UIVM VictoryShares USAA MSCI International Value Momentum ETF 7.6 35 -26 9.0 +1.6
FIDI Fidelity International High Dividend ETF 7.6 39 -30 11.2 +3.8
IXG iShares Global Financials ETF 7.6 46 -37 10.2 +2.8
SCHF Schwab International Equity ETF 7.6 6 3 7.5 +0.1
PIZ Invesco DWA Developed Markets Momentum ETF 7.5 81 -72 4.3 -3.1
BKIE BNY Mellon International Equity ETF 7.5 4 5 7.6 +0.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 7.4 29 -20 8.8 +1.4
INTF iShares Edge MSCI Multifactor Intl ETF 7.4 30 -21 8.1 +0.7
MXI iShares Global Materials ETF 7.3 46 -37 6.2 -1.2
MVIN Natixis Seeyond International Minimum Volatility ETF 7.1 56 -47 5.4 -2.0
SPDW SPDR Portfolio Developed World ex-US ETF 7.0 4 5 7.3 -0.1
IDEV iShares Core MSCI International Developed Markets ETF 7.0 5 4 7.4 -0.0
RING iShares MSCI Global Gold Miners ETF 6.9 39 -30 3.4 -4.1
FGD First Trust Dow Jones Global Select Dividend Index Fund 6.8 59 -50 11.4 +4.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 6.7 25 -16 6.7 -0.7
VYMI Vanguard International High Dividend Yield ETF 6.6 32 -23 10.4 +3.0
VEA Vanguard FTSE Developed Markets ETF 6.6 5 4 7.6 +0.2
TPIF Timothy Plan International ETF 6.4 62 -53 6.5 -0.9
FVD First Trust Value Line Dividend Index Fund 6.3 70 -61 6.5 -1.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 6.2 45 -36 9.1 +1.7
CWI SPDR MSCI ACWI ex-US ETF 6.2 30 -21 7.4 -0.0
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 6.1 24 -15 7.4 -0.1
AVDE Avantis International Equity ETF 5.9 23 -14 8.1 +0.7
EMLP First Trust North American Energy Infrastructure Fund 5.9 96 -87 5.7 -1.7
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 5.9 16 -7 7.1 -0.3
ACWX iShares MSCI ACWI ex U.S. ETF 5.7 32 -23 7.5 +0.1
VEU Vanguard FTSE All-World ex-US Index Fund 5.6 8 1 7.8 +0.4
FNDF Schwab Fundamental International Large Co. Index ETF 5.6 25 -16 9.0 +1.6
FDT First Trust Developed Markets ex-US Alphadex Fund 5.5 80 -71 7.7 +0.3
IQIN IQ 500 International ETF 5.5 25 -16 9.1 +1.7
GRES IQ Global Resources ETF 5.4 77 -68 7.7 +0.3
ISZE iShares Edge MSCI Intl Size Factor ETF 5.3 30 -21 7.6 +0.2
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 5.2 45 -36 6.9 -0.5
FIVA Fidelity International Value Factor ETF 5.2 39 -30 10.2 +2.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.1 40 -31 7.2 -0.2
VSGX Vanguard ESG International Stock ETF 5.1 17 -8 7.4 +0.0
ACWV iShares Edge MSCI Min Vol Global ETF 5.1 20 -11 5.7 -1.7
QINT American Century Quality Diversified International ETF 5.0 39 -30 5.9 -1.5
IXUS ishares Core MSCI Total International Stock ETF 5.0 9 0 7.6 +0.2
VXUS Vanguard Total International Stock Index Fund 5.0 8 1 7.8 +0.4
IQLT iShares Edge MSCI Intl Quality Factor ETF 5.0 30 -21 6.2 -1.2
IDV iShares International Select Dividend ETF 4.9 49 -40 10.3 +2.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.7 47 -38 13.0 +5.6
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 4.6 45 -36 10.2 +2.8
VRAI Virtus Real Asset Income ETF 4.6 55 -46 11.3 +3.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 4.5 58 -49 8.0 +0.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 4.5 39 -30 6.8 -0.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 4.5 39 -30 8.6 +1.2
VIGI Vanguard International Dividend Appreciation ETF 4.4 25 -16 5.7 -1.7
IQDE FlexShares International Quality Dividend Defensive Index Fd 4.4 47 -38 12.5 +5.1
FDEV Fidelity Targeted International Factor ETF 4.3 39 -30 6.6 -0.8
LVIN Hartford Multifactor Low Volatility International Equity ETF 4.2 29 -20 12.5 +5.1
IQDF FlexShares International Quality Dividend Index Fund 4.2 47 -38 12.6 +5.2
RNDM Developed International Equity Select ETF 4.1 65 -56 6.5 -0.9
ALFA AlphaClone Alternative Alpha ETF 4.0 65 -56 3.4 -4.0
FILL iShares MSCI Global Energy Producers ETF 4.0 39 -30 6.5 -0.9
URA Global X Uranium ETF 4.0 71 -62 4.4 -3.0
IDLB Invesco FTSE International Low Beta Equal Weight ETF 3.8 45 -36 7.4 -0.1
GOAU U.S. Global GO GOLD & Precious Metal Miners ETF 3.8 60 -51 2.5 -4.9
IDHQ Invesco S&P International Developed Quality ETF 3.8 29 -20 5.2 -2.3
QWLD SPDR MSCI World StrategicFactors ETF 3.6 30 -21 6.2 -1.2
FTRI First Trust Indxx Global Natural Resources Income ETF 3.6 70 -61 9.7 +2.3
JPGE JPMorgan Diversified Return Global Equity ETF 3.4 29 -20 7.5 +0.1
EXI iShares Global Industrials ETF 3.3 46 -37 6.2 -1.2
FYLD Cambria Foreign Shareholder Yield ETF 3.1 59 -50 9.5 +2.1
ESGN Columbia Sustainable International Equity Income ETF 3.1 45 -36 10.9 +3.5

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 Canada 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 12.0 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.53 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.