Franklin FTSE Germany ETF
ALTAR
Score™
7.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.5x P/Sales
ratio
1.0x
P/BV
ratio
1.5x Div.
yield
2.6%


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

FUND BASICS
Category International Equities
Fund Sponsor Franklin Templeton
Website www.libertyshares.com
Inception date Nov 02, 2017
Assets (mns) $5
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 83
Wgt avg mkt cap (mns) $59,839
Large cap (>$10bn) 88.7%
Mid cap ($2-10bn) 11.0%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SAP AG 13.2 %
SIEMENS AG-REG 7.2 %
ALLIANZ SE-REG 6.6 %
BAYER AG 5.4 %
DEUTSCHE TELEKOM AG 4.2 %
BASF SE 4.0 %
ADIDAS AG 3.9 %
DEUTSCHE POST AG-REG 2.9 %
MUENCHENER RUECKVER AG-REG 2.7 %
DEUTSCHE BOERSE AG 2.6 %
Total 52.7 %

TOP COUNTRY EXPOSURE
GERMANY 96.6 %
NETHERLANDS 0.8 %
LUXEMBOURG 0.6 %








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.
-6.2% -1.4% -- -- -4.8%

Market Correlations
versus... Beta R-squared
S&P500 1.02 76%
MSCI EAFE 1.21 91%
MSCI Emg. Mkts. 0.89 77%

Technical Indicators
Recent close $21.71
30d moving avg. $21.30
Annualized volatility 21.3%
Short interest (ETF) 1.8%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.8%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $8,850

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Franklin FTSE Germany ETF ETF based on the alternatives' overlap in portfolio holdings with FLGR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FLGR Expense: 9 bp ALTAR Score™: 7.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLGR
Ticker Fund
Name
Overlap1
vs FLGR
(%)
Expense
ratio
(bp)
Savings
vs FLGR
(bp)
ALTAR
Score™
(%)
ALTAR
vs FLGR
(%)
EWG iShares MSCI Germany ETF 95.2 49 -40 6.9 -0.4
DBGR Xtrackers MSCI Germany Hedged Equity ETF 94.0 45 -36 7.0 -0.2
QDEU SPDR MSCI Germany Quality Mix ETF 88.2 14 -5 7.5 +0.3
DAX Global X DAX Germany ETF 77.0 21 -12 7.6 +0.4
DXGE WisdomTree Germany Hedged Equity Fund 62.5 48 -39 8.8 +1.5
FGM First Trust Germany AlphaDEX Fund 29.4 80 -71 6.8 -0.5
FEZ SPDR EURO STOXX 50 ETF 29.1 29 -20 7.1 -0.2
EZU iShares MSCI Eurozone ETF 28.7 49 -40 6.6 -0.7
EURZ Xtrackers Eurozone Equity ETF 28.1 9 0 7.1 -0.2
HEDJ WisdomTree Europe Hedged Equity Fund 26.5 58 -49 6.9 -0.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 26.0 45 -36 6.8 -0.5
FEUZ First Trust Eurozone AlphaDEX ETF 16.7 80 -71 7.7 +0.5
FLEH Franklin FTSE Europe Hedged ETF 15.0 9 0 7.1 -0.1
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 14.9 30 -21 6.8 -0.4
FLEE Franklin FTSE Europe ETF 14.8 9 0 7.0 -0.3
EUFN iShares MSCI Europe Financials ETF 14.7 48 -39 11.6 +4.4
IEV iShares Europe ETF 14.5 59 -50 6.8 -0.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 14.4 45 -36 6.7 -0.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 13.5 25 -16 6.5 -0.7
VGK Vanguard FTSE Europe ETF 13.4 8 1 7.4 +0.2
IEUR iShares Core MSCI Europe ETF 13.4 9 0 7.3 0.0
IDRV iShares Self-driving EV & Tech ETF 13.3 47 -38 6.9 -0.3
JPEU JPMorgan Diversified Return Europe Equity ETF 12.9 37 -28 7.0 -0.2
FEU SPDR Portfolio Europe ETF 12.9 9 0 7.4 +0.1
BBEU JPMorgan BetaBuilders Europe ETF 12.1 9 0 7.3 +0.1
IQIN IQ 500 International ETF 12.0 25 -16 9.0 +1.7
DTH WisdomTree DEFA Equity Income Fund 11.7 58 -49 9.8 +2.5
EFV iShares MSCI EAFE Value ETF 11.7 39 -30 9.6 +2.4
IGRO iShares International Dividend Growth ETF 11.1 22 -13 8.1 +0.8
EUMV iShares Edge MSCI Min Vol Europe ETF 10.9 25 -16 5.0 -2.3
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 10.8 20 -11 9.6 +2.3
DOL WisdomTree International LargeCap Dividend Fund 10.5 48 -39 8.6 +1.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 10.4 45 -36 9.0 +1.7
FEP First Trust Europe AlphaDEX Fund 10.2 80 -71 7.7 +0.5
FTAG First Trust Indxx Global Agriculture ETF 9.8 70 -61 6.4 -0.9
SCID Global X Scientific Beta Europe ETF 9.8 39 -30 6.5 -0.8
JHMD John Hancock Multifactor Developed International ETF 9.7 39 -30 7.5 +0.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 9.6 20 -11 7.1 -0.1
OEUR O'shares FTSE Europe Quality Dividend ETF 9.4 48 -39 6.6 -0.6
EKAR Innovation Shares NextGen Vehicles & Technology ETF 9.4 95 -86 8.0 +0.8
EFA iShares MSCI EAFE ETF 9.3 32 -23 7.1 -0.2
MOTI VanEck Vectors Morningstar International Moat ETF 9.2 57 -48 8.5 +1.2
NUDM Nuveen ESG International Developed Markets Equity ETF 9.2 40 -31 7.0 -0.2
DOO WisdomTree International Dividend ex-Financials Fund 9.1 58 -49 8.9 +1.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 9.1 35 -26 6.9 -0.3
EUDG WisdomTree Europe Quality Dividend Growth Fund 9.0 58 -49 6.1 -1.2
FDD First Trust Stoxx European Select Dividend Index Fund 9.0 58 -49 11.6 +4.4
FNDF Schwab Fundamental International Large Co. Index ETF 8.9 25 -16 8.9 +1.7
DWM WisdomTree International Equity Fund 8.9 48 -39 8.3 +1.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 8.8 35 -26 8.6 +1.3
HFXI IQ 50 Percent Hedged FTSE International ETF 8.7 20 -11 7.5 +0.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 8.6 7 2 7.6 +0.4
PDEV Principal International Multi-Factor Core Index ETF 8.5 25 -16 8.0 +0.7
FIVA Fidelity International Value Factor ETF 8.4 39 -30 10.1 +2.8
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 8.3 35 -26 6.8 -0.5
VYMI Vanguard International High Dividend Yield ETF 8.2 32 -23 10.2 +3.0
ISDX Invesco Strategic Developed ex-US ETF 8.2 23 -14 7.6 +0.4
IEFA iShares Core MSCI EAFE ETF 8.2 7 2 7.4 +0.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 8.1 20 -11 11.1 +3.8
IQSI IQ Candriam ESG International Equity ETF 8.0 15 -6 7.3 +0.1
SCHF Schwab International Equity ETF 8.0 6 3 7.4 +0.2
IVLU iShares Edge MSCI Intl Value Factor ETF 7.9 30 -21 11.5 +4.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 7.8 25 -16 6.6 -0.6
ESGD iShares MSCI EAFE ESG Optimized ETF 7.7 20 -11 7.0 -0.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 7.5 14 -5 7.0 -0.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 7.4 29 -20 7.7 +0.5
GSID Goldman Sachs MarketBeta International Equity ETF 7.2 20 -11 7.4 +0.1
RNDM Developed International Equity Select ETF 7.2 65 -56 6.4 -0.8
CARZ First Trust NASDAQ Global Auto Index Fund 7.1 70 -61 14.2 +6.9
VEA Vanguard FTSE Developed Markets ETF 7.0 5 4 7.5 +0.3
BKIE BNY Mellon International Equity ETF 7.0 4 5 7.5 +0.3
EFG iShares MSCI EAFE Growth ETF 6.9 40 -31 4.6 -2.7
SPDW SPDR Portfolio Developed World ex-US ETF 6.9 4 5 7.2 -0.0
MVIN Natixis Seeyond International Minimum Volatility ETF 6.9 56 -47 5.4 -1.9
IMTM iShares Edge MSCI Intl Momentum Factor ETF 6.7 30 -21 4.3 -2.9
IDEV iShares Core MSCI International Developed Markets ETF 6.7 5 4 7.3 +0.0
RBIN Nationwide Risk-Based International Equity ETF 6.6 42 -33 6.5 -0.8
FIDI Fidelity International High Dividend ETF 6.6 39 -30 11.2 +3.9
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 6.5 70 -61 7.4 +0.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 6.3 35 -26 8.9 +1.6
ISZE iShares Edge MSCI Intl Size Factor ETF 6.3 30 -21 7.5 +0.2
IDY Pacific Global International Equity Income ETF 6.2 39 -30 8.1 +0.8
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 6.1 58 -49 6.3 -1.0
IQDG WisdomTree International Quality Dividend Growth Fund 6.1 38 -29 6.4 -0.9
CIL VictoryShares International Volatility Weighted Index ETF 6.1 45 -36 6.8 -0.5
ACWX iShares MSCI ACWI ex U.S. ETF 5.9 32 -23 7.3 +0.0
VEU Vanguard FTSE All-World ex-US Index Fund 5.9 8 1 7.6 +0.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 5.8 39 -30 6.7 -0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.8 40 -31 7.1 -0.1
CWI SPDR MSCI ACWI ex-US ETF 5.7 30 -21 7.2 -0.1
MOTO SmartETFs Smart Transportation & Technology ETF 5.7 68 -59 7.4 +0.1
FAN First Trust Global Wind Energy ETF 5.7 62 -53 6.0 -1.3
QEFA SPDR MSCI EAFE Quality Mix ETF 5.6 30 -21 6.9 -0.4
FPXE First Trust IPOX Europe Equity Opportunities ETF 5.6 70 -61 2.4 -4.9
MOO VanEck Vectors Agribusiness ETF 5.4 56 -47 5.5 -1.8
FDT First Trust Developed Markets ex-US Alphadex Fund 5.4 80 -71 7.5 +0.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 5.4 39 -30 8.5 +1.3
IXUS ishares Core MSCI Total International Stock ETF 5.3 9 0 7.4 +0.2

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 Germany 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 10.7 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 7.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 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.