Franklin FTSE China ETF
ALTAR
Score™		 10.3% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 10.5x P/Sales
ratio		 1.1x
P/BV
ratio		 1.4x Div.
yield		 2.8%


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

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Franklin Templeton
Website www.libertyshares.com
Inception date Nov 02, 2017
Assets (mns) $48
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 780
Wgt avg mkt cap (mns) $202,674
Large cap (>$10bn) 83.6%
Mid cap ($2-10bn) 14.6%
Small cap (<$2bn) 1.8%
Developed mkts 18.9%
Emerging mkts 81.1%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 18.1 %
TENCENT HOLDINGS LTD 14.8 %
CHINA CONSTRUCTION BANK-H 4.0 %
PING AN INSURANCE GROUP CO-H 2.9 %
IND & COMM BK OF CHINA - H 2.8 %
MEITUAN DIANPING 2.2 %
CHINA MOBILE LIMITED 2.1 %
JD.COM INC-ADR 1.7 %
BANK OF CHINA LTD - H 1.5 %
BAIDU INC - SPON ADR 1.5 %
Total 51.6 %

TOP COUNTRY EXPOSURE
CHINA 86.6 %
HONG KONG 11.1 %
SINGAPORE 0.0 %
BRITISH VIRGIN ISLANDS 0.0 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-10.3% -6.7% -- -- -3.7%

Market Correlations
versus... Beta R-squared
S&P500 0.94 52%
MSCI EAFE 0.95 49%
MSCI Emg. Mkts. 0.93 68%

Technical Indicators
Recent close $22.04
30d moving avg. $22.79
Annualized volatility 22.4%
Short interest (ETF) 0.3%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 32
Turnover 1.5%
Bid/Ask (% of price) 0.32%
ADV underlying (mns) $68,699

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FLCH Expense: 19 bp ALTAR Score™: 10.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLCH
Ticker Fund
Name		 Overlap1
vs FLCH
(%)		 Expense
ratio
(bp)		 Savings
vs FLCH
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FLCH
(%)
MCHI iShares MSCI China ETF 89.7 59 -40 10.1 -0.2
GXC SPDR S&P China ETF 82.3 59 -40 10.0 -0.3
BKF iShares MSCI BRIC ETF 66.6 69 -50 10.0 -0.3
KALL KraneShares FTSE Emerging Markets Plus ETF 63.8 49 -30 10.0 -0.3
CN Xtrackers MSCI All China Equity ETF 56.3 50 -31 10.3 -0.0
WCHN WisdomTree ICBCCS S&P China 500 Fund 54.6 55 -36 9.7 -0.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 54.1 32 -13 8.1 -2.2
CHIL Global X MSCI China Large-Cap 50 ETF 52.3 29 -10 10.5 +0.1
GMF SPDR S&P Emerging Asia Pacific ETF 47.2 49 -30 9.4 -0.9
EEMA iShares MSCI Emerging Markets Asia ETF 47.1 50 -31 10.0 -0.3
SCHE Schwab Emerging Markets Equity ETF 43.0 13 6 10.4 +0.0
FLAX Franklin FTSE Asia Ex Japan ETF 42.0 19 0 10.1 -0.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 41.6 68 -49 9.4 -0.9
PBEE Invesco PureBeta FTSE Emerging Markets ETF 40.6 14 5 11.5 +1.2
FXI iShares China Large-Cap ETF 39.1 74 -55 14.5 +4.2
VWO Vanguard FTSE Emerging Markets ETF 38.8 10 9 10.5 +0.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 38.0 20 -1 9.2 -1.2
EEM iShares MSCI Emerging Markets ETF 37.4 68 -49 10.0 -0.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 37.3 30 -11 10.3 -0.0
SPEM SPDR Portfolio Emerging Markets ETF 37.0 11 8 10.2 -0.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 35.8 65 -46 10.0 -0.3
PXH Invesco FTSE RAFI Emerging Markets ETF 35.2 50 -31 15.9 +5.5
AIA iShares Asia 50 ETF 34.9 50 -31 10.1 -0.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 34.2 32 -13 8.5 -1.9
IEMG iShares Core MSCI Emerging Markets ETF 34.2 14 5 10.5 +0.2
JHEM John Hancock Multifactor Emerging Markets ETF 33.5 55 -36 10.7 +0.4
ISEM Invesco Strategic Emerging Markets ETF 31.4 35 -16 11.9 +1.5
KWEB KraneShares CSI China Internet ETF 30.3 76 -57 4.4 -5.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 29.7 45 -26 10.3 -0.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 29.4 95 -76 12.3 +2.0
FDNI First Trust Dow Jones International Internet ETF 29.2 65 -46 4.2 -6.1
ESGE iShares ESG MSCI EM ETF 27.4 25 -6 11.5 +1.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 27.2 39 -20 15.1 +4.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 26.6 86 -67 3.4 -6.9
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 26.1 18 1 7.3 -3.0
TTTN UP Fintech China-U.S. Internet Titans ETF 25.6 59 -40 6.4 -4.0
AVEM Avantis Emerging Markets Equity ETF 25.5 33 -14 11.7 +1.4
NUEM Nuveen ESG Emerging Markets Equity ETF 25.4 45 -26 9.3 -1.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 25.2 30 -11 10.8 +0.5
DVEM WisdomTree Emerging Markets Dividend Fund 24.8 32 -13 10.9 +0.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 23.9 59 -40 13.2 +2.8
ECON Columbia Emerging Markets Consumer ETF 22.7 59 -40 5.8 -4.5
EMCG WisdomTree Emerging Markets Consumer Growth Fund 22.3 32 -13 9.2 -1.1
BICK First Trust BICK Index Fund 21.8 64 -45 6.4 -4.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 21.0 40 -21 9.1 -1.2
JOYY Infusive Compounding Global Equities ETF 20.7 50 -31 5.1 -5.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 19.7 32 -13 11.4 +1.0
CHIQ Global X China Consumer ETF 19.6 65 -46 12.1 +1.7
CHIX Global X China Financials ETF 19.3 65 -46 19.2 +8.9
CQQQ Invesco China Technology ETF 18.6 70 -51 5.0 -5.3
DEM WisdomTree Emerging Markets High Dividend Fund 18.6 63 -44 16.6 +6.2
FNI First Trust Chindia ETF 17.9 59 -40 4.6 -5.7
PGJ Invesco Golden Dragon China ETF 17.7 70 -51 4.5 -5.9
CHIC Global X Nasdaq China Technology ETF 17.1 65 -46 4.8 -5.5
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 16.7 45 -26 11.9 +1.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 16.3 45 -26 10.6 +0.2
GBUY Goldman Sachs Motif New Age Consumer ETF 16.2 50 -31 3.7 -6.6
OGIG O'Shares Global Internet Giants ETF 16.2 48 -29 1.1 -9.2
AXJL WisdomTree Asia Pacific ex-Japan Fund 16.2 48 -29 11.0 +0.6
CEZ Victory CEMP Emerging Market Volatility Wtd Index ETF 16.1 50 -31 12.6 +2.3
EMMF WisdomTree Emerging Markets Multifactor Fund 16.0 48 -29 11.9 +1.6
SOCL Global X Social Media ETF 15.9 65 -46 3.5 -6.8
ONLN ProShares Online Retail ETF 15.8 58 -39 3.0 -7.3
DINT Davis Select International ETF 15.7 75 -56 7.9 -2.5
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 15.4 25 -6 9.8 -0.6
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 15.3 80 -61 2.2 -8.1
ROAM Hartford Multifactor Emerging Markets ETF 14.8 44 -25 17.9 +7.6
PNQI Invesco NASDAQ Internet ETF 14.6 62 -43 3.2 -7.2
FDEM Fidelity Targeted Emerging Markets Factor ETF 14.5 45 -26 11.8 +1.4
BUYZ Franklin Disruptive Commerce ETF 13.6 50 -31 0.3 -10.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 13.6 49 -30 11.6 +1.2
FCA First Trust China AlphaDEX Fund 13.5 80 -61 16.5 +6.2
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 12.8 45 -26 16.3 +5.9
PIE Invesco DWA Emerging Markets Momentum ETF 12.1 90 -71 6.9 -3.4
DWLD Davis Select Worldwide ETF 11.9 64 -45 8.9 -1.5
RNEM Emerging Markets Equity Select ETF 11.2 75 -56 11.6 +1.3
FEM First Trust Emerging Markets AlphaDEX Fund 11.1 80 -61 14.6 +4.3
GIGE SoFi Gig Economy ETF 11.0 59 -40 -0.7 -11.0
BLCN Reality Shares Nasdaq NextGen Economy ETF 10.7 68 -49 6.1 -4.3
ACWX iShares MSCI ACWI ex U.S. ETF 10.5 32 -13 9.4 -1.0
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 10.5 20 -1 12.7 +2.4
AIQ Global X Future Analytics Tech ETF 10.4 68 -49 5.9 -4.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 10.3 16 3 8.7 -1.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 10.1 40 -21 9.0 -1.3
VEU Vanguard FTSE All-World ex-US Index Fund 10.1 8 11 9.6 -0.7
CWI SPDR MSCI ACWI ex-US ETF 9.6 30 -11 9.3 -1.1
VSGX Vanguard ESG International Stock ETF 9.5 17 2 9.1 -1.3
ESPO VanEck Vectors Video Gaming & eSports ETF 9.3 55 -36 3.6 -6.8
IXUS ishares Core MSCI Total International Stock ETF 9.3 9 10 9.5 -0.8
VXUS Vanguard Total International Stock Index Fund 9.1 8 11 9.6 -0.7
MOTI VanEck Vectors Morningstar International Moat ETF 8.7 57 -38 10.6 +0.3
KBA KraneShares Bosera MSCI China A Share ETF 8.7 60 -41 8.6 -1.7
ASHX Xtrackers MSCI China A Inclusion Equity ETF 8.7 60 -41 8.6 -1.7
CNYA iShares MSCI China A ETF 8.7 65 -46 8.6 -1.8
EBIZ Global X E-Commerce ETF 8.7 50 -31 5.0 -5.3
XBUY Amplify International Online Retail ETF 8.5 69 -50 -0.5 -10.8
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 8.1 64 -45 7.8 -2.5
FPXI First Trust International Equity Opportunities ETF 8.1 70 -51 4.2 -6.2
BLOK Amplify Transformational Data Sharing ETF 8.0 70 -51 4.9 -5.4
LVHE Legg Mason Emerging Markets Low Volatility High Dividend ETF 7.7 51 -32 13.5 +3.2

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 China 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 14.2 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 10.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.23 CATEGORY
AVERAGE		 1.45
 
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.