Franklin FTSE China ETF
ALTAR
Score™		 8.0% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 15.1x P/Sales
ratio		 1.4x
P/BV
ratio		 1.9x Div.
yield		 2.0%


  • 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) $62
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 832
Wgt avg mkt cap (mns) $276,400
Large cap (>$10bn) 83.2%
Mid cap ($2-10bn) 12.4%
Small cap (<$2bn) 0.9%
Developed mkts 19.7%
Emerging mkts 80.3%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 19.4 %
TENCENT HOLDINGS LTD 15.0 %
MEITUAN DIANPING 4.3 %
JD.COM INC-ADR 2.5 %
CHINA CONSTRUCTION BANK-H 2.4 %
PING AN INSURANCE GROUP CO-H 2.1 %
IND & COMM BK OF CHINA - H 1.6 %
BAIDU INC - SPON ADR 1.3 %
CHINA MOBILE LIMITED 1.2 %
NETEASE.COM INC-ADR 1.2 %
Total 51.0 %

TOP COUNTRY EXPOSURE
CHINA 90.7 %
HONG KONG 8.4 %
SINGAPORE 0.0 %
BRITISH VIRGIN ISLANDS 0.0 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
18.0% 36.2% -- -- 6.8%

Market Correlations
versus... Beta R-squared
S&P500 0.87 51%
MSCI EAFE 0.95 51%
MSCI Emg. Mkts. 0.88 68%

Technical Indicators
Recent close $31.04
30d moving avg. $29.65
Annualized volatility 22.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 9
Turnover 0.5%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $61,279

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 8.0%


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 92.4 59 -40 7.5 -0.5
GXC SPDR S&P China ETF 84.6 59 -40 7.6 -0.4
BKF iShares MSCI BRIC ETF 69.4 69 -50 7.3 -0.7
KALL KraneShares FTSE Emerging Markets Plus ETF 66.0 49 -30 7.9 -0.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 59.3 32 -13 11.2 +3.2
CN Xtrackers MSCI All China Equity ETF 58.2 50 -31 7.9 -0.1
CHIL Global X MSCI China Large-Cap 50 ETF 52.8 29 -10 7.5 -0.5
GMF SPDR S&P Emerging Asia Pacific ETF 49.3 49 -30 7.0 -1.0
EEMA iShares MSCI Emerging Markets Asia ETF 48.3 50 -31 7.6 -0.4
SCHE Schwab Emerging Markets Equity ETF 46.2 11 8 7.9 -0.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 45.9 68 -49 7.0 -1.1
FLAX Franklin FTSE Asia Ex Japan ETF 45.3 19 0 7.6 -0.4
PBEE Invesco PureBeta FTSE Emerging Markets ETF 43.5 15 4 8.4 +0.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 41.3 20 -1 6.6 -1.4
EEM iShares MSCI Emerging Markets ETF 41.1 68 -49 7.3 -0.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 41.1 65 -46 7.4 -0.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 40.8 30 -11 7.6 -0.5
VWO Vanguard FTSE Emerging Markets ETF 40.3 10 9 8.0 -0.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 40.1 36 -17 7.3 -0.8
SPEM SPDR Portfolio Emerging Markets ETF 39.7 11 8 7.7 -0.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 39.4 32 -13 5.6 -2.4
EEMO Invesco S&P Emerging Markets Momentum ETF 38.8 29 -10 4.0 -4.1
IEMG iShares Core MSCI Emerging Markets ETF 37.0 13 6 7.8 -0.2
JHEM John Hancock Multifactor Emerging Markets ETF 35.2 49 -30 8.7 +0.7
ESGE iShares ESG MSCI EM ETF 34.9 25 -6 8.5 +0.5
KWEB KraneShares CSI China Internet ETF 34.6 76 -57 2.0 -6.1
FXI iShares China Large-Cap ETF 33.7 74 -55 13.1 +5.1
BKEM BNY Mellon Emerging Markets Equity ETF 32.7 11 8 8.2 +0.2
AIA iShares Asia 50 ETF 32.2 50 -31 7.7 -0.3
FDNI First Trust Dow Jones International Internet ETF 31.9 65 -46 2.0 -6.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 31.9 45 -26 7.5 -0.5
NUEM Nuveen ESG Emerging Markets Equity ETF 31.4 45 -26 6.7 -1.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 31.1 95 -76 8.0 0.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 30.2 86 -67 2.1 -6.0
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 30.1 18 1 4.8 -3.2
PXH Invesco FTSE RAFI Emerging Markets ETF 29.8 50 -31 13.4 +5.4
ISEM Invesco Strategic Emerging Markets ETF 29.7 35 -16 10.8 +2.7
AVEM Avantis Emerging Markets Equity ETF 29.7 33 -14 8.8 +0.8
DVEM WisdomTree Emerging Markets Dividend Fund 29.5 32 -13 7.2 -0.8
ECON Columbia Emerging Markets Consumer ETF 27.8 59 -40 4.9 -3.2
TTTN UP Fintech China-U.S. Internet Titans ETF 27.2 59 -40 4.2 -3.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 27.0 30 -11 8.8 +0.8
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 26.0 40 -21 7.2 -0.8
CHIQ Global X China Consumer ETF 24.7 65 -46 6.7 -1.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 21.4 39 -20 13.5 +5.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 21.3 59 -40 11.1 +3.0
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 20.8 25 -6 8.0 -0.1
EMMF WisdomTree Emerging Markets Multifactor Fund 20.0 48 -29 9.6 +1.6
FDEM Fidelity Targeted Emerging Markets Factor ETF 19.9 45 -26 8.5 +0.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 19.9 49 -30 7.9 -0.1
FNI First Trust Chindia ETF 19.8 60 -41 2.4 -5.6
CQQQ Invesco China Technology ETF 19.6 70 -51 6.0 -2.1
PGJ Invesco Golden Dragon China ETF 19.3 70 -51 3.3 -4.7
PEK VanEck Vectors ChinaAMC CSI 300 ETF 19.0 60 -41 3.9 -4.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 18.9 32 -13 9.0 +1.0
BICK First Trust BICK Index Fund 18.7 64 -45 4.7 -3.3
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 18.6 45 -26 9.1 +1.1
GBUY Goldman Sachs Motif New Age Consumer ETF 18.4 50 -31 1.7 -6.4
OGIG O'Shares Global Internet Giants ETF 17.3 48 -29 0.5 -7.5
DINT Davis Select International ETF 17.2 68 -49 5.7 -2.3
CHIC Global X Nasdaq China Technology ETF 16.5 66 -47 4.2 -3.9
PNQI Invesco NASDAQ Internet ETF 15.3 60 -41 0.9 -7.1
DWLD Davis Select Worldwide ETF 14.7 63 -44 6.4 -1.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 14.0 44 -25 9.2 +1.2
ROAM Hartford Multifactor Emerging Markets ETF 13.8 44 -25 13.2 +5.1
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 13.7 50 -31 10.4 +2.3
GIGE SoFi Gig Economy ETF 13.6 59 -40 -0.8 -8.8
VSGX Vanguard ESG International Stock ETF 13.6 17 2 7.1 -0.9
CHIX Global X China Financials ETF 13.6 66 -47 19.4 +11.3
PIE Invesco DWA Emerging Markets Momentum ETF 13.5 90 -71 5.0 -3.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 13.3 16 3 7.0 -1.1
BUYZ Franklin Disruptive Commerce ETF 13.1 50 -31 -0.2 -8.2
ACWX iShares MSCI ACWI ex U.S. ETF 12.8 32 -13 7.3 -0.7
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 12.7 45 -26 14.6 +6.5
ASHX Xtrackers MSCI China A Inclusion Equity ETF 12.7 60 -41 6.7 -1.4
KBA KraneShares Bosera MSCI China A Share ETF 12.6 60 -41 6.7 -1.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.6 40 -21 7.2 -0.9
DEM WisdomTree Emerging Markets High Dividend Fund 12.5 63 -44 15.2 +7.2
CNYA iShares MSCI China A ETF 12.5 60 -41 6.7 -1.4
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 12.3 60 -41 4.4 -3.6
RNEM Emerging Markets Equity Select ETF 12.1 75 -56 11.8 +3.8
CWI SPDR MSCI ACWI ex-US ETF 12.0 30 -11 7.3 -0.8
FCA First Trust China AlphaDEX Fund 11.9 80 -61 14.5 +6.4
SOCL Global X Social Media ETF 11.8 65 -46 1.6 -6.5
VEU Vanguard FTSE All-World ex-US Index Fund 11.8 8 11 7.6 -0.4
AIQ Global X Future Analytics Tech ETF 11.2 68 -49 4.0 -4.0
JOYY Infusive Compounding Global Equities ETF 11.1 50 -31 3.6 -4.4
IXUS ishares Core MSCI Total International Stock ETF 11.1 9 10 7.4 -0.6
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 10.6 65 -46 7.0 -1.0
IXP iShares Global Comm Services ETF 10.6 46 -27 5.6 -2.4
GENY Principal Millennials Index ETF 10.6 45 -26 3.7 -4.4
BLCN Reality Shares Nasdaq NextGen Economy ETF 10.6 68 -49 5.6 -2.5
ESPO VanEck Vectors Video Gaming & eSports ETF 10.4 55 -36 2.7 -5.4
EBIZ Global X E-Commerce ETF 10.1 50 -31 2.4 -5.6
FEM First Trust Emerging Markets AlphaDEX Fund 9.9 80 -61 13.9 +5.9
VXUS Vanguard Total International Stock Index Fund 9.8 8 11 7.6 -0.4
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 9.4 20 -1 11.8 +3.7
VIGI Vanguard International Dividend Appreciation ETF 9.4 20 -1 5.6 -2.4
WUGI Esoterica NextG Economy ETF 9.1 75 -56 1.5 -6.6

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 14.4 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 8.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.23 CATEGORY
AVERAGE		 1.43
 
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.