Franklin FTSE France
ALTAR
Score™
6.7% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
16.0x P/Sales
ratio
1.1x
P/BV
ratio
1.7x Div.
yield
3.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
FLFR offers market-cap-based exposure to large- and midcap French equities.

FUND BASICS
Category International Equities
Fund Sponsor Franklin Templeton
Website www.libertyshares.com
Inception date Nov 02, 2017
Assets (mns) $4
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 87
Wgt avg mkt cap (mns) $70,718
Large cap (>$10bn) 89.1%
Mid cap ($2-10bn) 10.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TOTAL SA 8.1 %
LVMH MOET HENNESSY LOUIS VUI 6.8 %
SANOFI-AVENTIS 6.2 %
EADS NV 5.0 %
L'OREAL 4.3 %
AIR LIQUIDE SA 3.8 %
BNP PARIBAS 3.7 %
AXA SA 3.3 %
SAFRAN SA 3.3 %
VINCI SA 3.2 %
Total 47.8 %

TOP COUNTRY EXPOSURE
FRANCE 91.5 %
NETHERLANDS 5.3 %
SWITZERLAND 0.9 %
LUXEMBOURG 0.8 %
BRITAIN 0.6 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
20.7% 13.2% -- -- 2.9%

Market Correlations
versus... Beta R-squared
S&P500 0.87 71%
MSCI EAFE 1.14 93%
MSCI Emg. Mkts. 0.81 72%

Technical Indicators
Recent close $26.25
30d moving avg. $25.40
Annualized volatility 15.3%
Short interest (ETF) 0.1%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $4,404

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Franklin FTSE France ETF based on the alternatives' overlap in portfolio holdings with FLFR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FLFR Expense: 9 bp ALTAR Score™: 6.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLFR
Ticker Fund
Name
Overlap1
vs FLFR
(%)
Expense
ratio
(bp)
Savings
vs FLFR
(bp)
ALTAR
Score™
(%)
ALTAR
vs FLFR
(%)
EWQ iShares MSCI France 95.5 47 -38 6.3 -0.4
FEZ SPDR DJ Euro Stoxx 50 38.4 29 -20 6.9 +0.2
EZU iShares MSCI Euro Monetary Union 34.6 47 -38 6.8 +0.1
EURZ Xtrackers Eurozone Equity 34.4 9 0 7.1 +0.3
DBEZ Xtrackers MSCI EMU Hedged 30.2 45 -36 6.4 -0.3
HEDJ Wisdomtree International Hedged Equity 27.2 58 -49 7.6 +0.9
GSEU Goldman Sachs ActiveBeta Europe Equity 18.1 25 -16 6.5 -0.2
EUDG WisdomTree Europe Dividend 17.5 58 -49 6.5 -0.2
DBEU Xtrackers Europe Hedged 17.3 45 -36 6.4 -0.3
BBEU JPMorgan BetaBuilders Europe 17.3 9 0 6.9 +0.2
IEV iShares S&P Europe 350 17.2 59 -50 6.4 -0.3
FLEE Franklin FTSE Europe 17.1 9 0 6.9 +0.2
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE 17.1 30 -21 6.7 -0.1
FLEH Franklin FTSE Europe Hedged 16.9 9 0 6.9 +0.1
IEUR iShares Core MSCI Europe 15.7 9 0 6.9 +0.2
FEU SPDR DJ Stoxx 50 15.7 9 0 6.8 +0.1
SCID Global X Scientific Beta Europe 15.3 38 -29 6.5 -0.2
VGK Vanguard FTSE Europe 15.0 9 0 6.9 +0.2
FEUZ First Trust Eurozone AlphaDex 14.8 80 -71 7.0 +0.3
JPEU JPMorgan Diversified Return Europe Equity 14.8 37 -28 6.7 -0.0

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
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 France
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.8 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 6.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.63
 
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.