Franklin FTSE India ETF
ALTAR
Score™		 4.7% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 26.5x P/Sales
ratio		 2.4x
P/BV
ratio		 3.7x Div.
yield		 1.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
FLIN tracks a market-cap weighted index of large- and midcap Indian equities.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Franklin Templeton Investments
Website www.libertyshares.com
Inception date Feb 06, 2018
Assets (mns) $1,654
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 235
Wgt avg mkt cap (mns) $65,939
Large cap (>$10bn) 84.3%
Mid cap ($2-10bn) 14.9%
Small cap (<$2bn) 0.3%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
RELIANCE INDS-SPONS GDR 144A 10.4 %
HDFC BANK LIMITED 6.1 %
INFOSYS TECHNOLOGIES LTD 4.4 %
TATA CONSULTANCY SVS LTD 3.0 %
BHARTI AIRTEL LIMITED 2.7 %
ICICI BANK LTD 2.6 %
MAHINDRA & MAHINDRA LTD. 1.9 %
AXIS BANK LIMITED 1.8 %
LARSEN & TOUBRO LIMITED 1.7 %
HINDUSTAN UNILEVER LIMITED 1.6 %
Total 36.2 %

TOP COUNTRY EXPOSURE
INDIA 95.6 %










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.
12.5% 28.0% 12.4% -- 9.4%

Market Correlations
versus... Beta R-squared
S&P500 0.58 55%
MSCI EAFE 0.49 42%
MSCI Emg. Mkts. 0.44 33%

Technical Indicators
Recent close $38.52
30d moving avg. $40.81
Annualized volatility 13.5%
Short interest (ETF) 0.8%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 352
Turnover 0.8%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $1,653

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 152 potential alternatives to the Franklin FTSE India ETF ETF based on the alternatives' overlap in portfolio holdings with FLIN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FLIN Expense: 19 bp ALTAR Score™: 4.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLIN
Ticker Fund
Name		 Overlap1
vs FLIN
(%)		 Expense
ratio
(bp)		 Savings
vs FLIN
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FLIN
(%)
PIN Invesco India ETF 74.7 78 -59 4.5 -0.2
INDA iShares MSCI India ETF 73.2 65 -46 4.4 -0.3
EPI WisdomTree India Earnings Fund 65.7 85 -66 6.1 +1.4
INDY iShares India 50 ETF 53.1 89 -70 4.6 -0.1
NFTY First Trust India NIFTY 50 Equal Weight ETF 44.9 80 -61 6.3 +1.6
EEMO Invesco S&P Emerging Markets Momentum ETF 39.7 29 -10 5.5 +0.8
BKF iShares MSCI BIC ETF 31.7 69 -50 6.9 +2.3
XC WisdomTree Emerging Markets Ex-China Fund 28.7 32 -13 6.0 +1.3
STXE Strive Emerging Markets Ex-China ETF 27.6 32 -13 7.0 +2.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 27.3 32 -13 6.9 +2.2
NDIA Global X India Active ETF 25.9 75 -56 7.2 +2.5
XCNY SPDR S&P Emerging Markets ex-China ETF 24.9 15 4 6.3 +1.6
JHEM John Hancock Multifactor Emerging Markets ETF 24.2 49 -30 8.2 +3.5
ECON Columbia Emerging Markets Consumer ETF 24.1 49 -30 7.3 +2.7
FLAX Franklin FTSE Asia Ex Japan ETF 23.8 19 0 6.9 +2.2
EMXC iShares MSCI Emerging Markets ex China ETF 22.9 25 -6 6.7 +2.0
EMMF WisdomTree Emerging Markets Multifactor Fund 22.3 48 -29 8.8 +4.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 21.8 15 4 7.2 +2.6
EEMA iShares MSCI Emerging Markets Asia ETF 20.9 49 -30 6.5 +1.8
RNEM First Trust Emerging Markets Equity Select ETF 20.4 75 -56 7.6 +2.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 20.4 36 -17 7.8 +3.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 20.2 24 -5 9.2 +4.5
BKEM BNY Mellon Emerging Markets Equity ETF 20.1 11 8 8.4 +3.7
EMXF iShares ESG Advanced MSCI EM ETF 19.5 16 3 6.8 +2.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 19.4 30 -11 8.1 +3.4
GMF SPDR S&P Emerging Asia Pacific ETF 19.3 49 -30 6.1 +1.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 19.1 70 -51 6.2 +1.5
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 19.1 18 1 6.8 +2.2
EQLT iShares MSCI Emerging Markets Quality Factor ETF 19.1 35 -16 7.4 +2.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 18.7 45 -26 11.0 +6.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 18.7 66 -47 10.0 +5.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 18.7 40 -21 8.3 +3.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 18.6 25 -6 6.6 +2.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 18.4 32 -13 6.2 +1.5
DEHP Dimensional Emerging Markets High Profitability ETF 17.6 41 -22 5.0 +0.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 17.5 30 -11 7.3 +2.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 17.4 20 -1 6.8 +2.1
INDF Nifty India Financials ETF 17.4 75 -56 5.3 +0.6
VWO Vanguard FTSE Emerging Markets ETF 17.3 8 11 6.9 +2.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 17.0 15 4 10.2 +5.6
EEM iShares MSCI Emerging Markets ETF 16.7 69 -50 6.9 +2.2
EMGF iShares Emerging Markets Equity Factor ETF 16.5 25 -6 8.5 +3.8
LDEM iShares ESG MSCI EM Leaders ETF 16.4 17 2 7.6 +3.0
SCHE Schwab Emerging Markets Equity ETF 16.4 11 8 7.1 +2.4
ESGE iShares ESG Aware MSCI EM ETF 16.0 25 -6 7.1 +2.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 15.9 35 -16 12.4 +7.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 15.9 33 -14 8.2 +3.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 15.7 95 -76 10.5 +5.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 15.6 50 -31 13.0 +8.3
IEMG iShares Core MSCI Emerging Markets ETF 15.4 9 10 7.5 +2.8
NUEM Nuveen ESG Emerging Markets Equity ETF 15.3 36 -17 6.5 +1.8
MINV Matthews Asia Innovators Active ETF 14.8 79 -60 3.0 -1.7
SPEM SPDR Portfolio Emerging Markets ETF 14.6 7 12 7.3 +2.6
DFAE Dimensional Emerging Core Equity Market ETF 14.1 35 -16 7.3 +2.6
AVES Avantis Emerging Markets Value ETF 14.0 36 -17 11.6 +6.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 13.9 59 -40 11.3 +6.6
ROAM Hartford Multifactor Emerging Markets ETF 13.9 44 -25 15.8 +11.1
XCEM Columbia EM Core ex-China ETF 13.5 16 3 7.7 +3.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 13.4 86 -67 1.6 -3.0
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 13.4 86 -67 1.2 -3.4
INQQ India Internet & Ecommerce ETF 13.4 86 -67 2.6 -2.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 13.3 44 -25 10.6 +6.0
GLIN VanEck India Growth Leaders ETF 13.0 77 -58 5.7 +1.0
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 13.0 88 -69 7.4 +2.8
EMDM First Trust Bloomberg Emerging Market Democracies ETF 13.0 75 -56 8.2 +3.6
MEM Matthews Emerging Markets Equity Active ETF 12.5 79 -60 5.4 +0.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 12.5 41 -22 7.4 +2.7
AVEM Avantis Emerging Markets Equity ETF 12.4 33 -14 8.9 +4.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 12.4 45 -26 12.3 +7.6
FDEM Fidelity Emerging Markets Multifactor ETF 12.4 25 -6 12.3 +7.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 12.4 38 -19 7.8 +3.1
DGIN VanEck Digital India ETF 11.6 71 -52 0.1 -4.6
CGXU Capital Group International Focus Equity ETF 10.8 54 -35 4.9 +0.2
PXH Invesco FTSE RAFI Emerging Markets ETF 10.6 49 -30 12.2 +7.6
DFEV Dimensional Emerging Markets Value ETF 9.7 43 -24 11.1 +6.4
EMM Global X Emerging Markets ex-China ETF 9.7 75 -56 4.2 -0.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 9.6 39 -20 12.5 +7.8
EMC Global X Emerging Markets Great Consumer ETF 7.2 75 -56 4.5 -0.2
INCO Columbia India Consumer ETF 6.3 75 -56 1.5 -3.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 6.2 18 1 7.0 +2.3
IPAV Global X Infrastructure Development ex-U.S. ETF 5.9 55 -36 9.7 +5.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 5.7 60 -41 9.8 +5.1
ACWV iShares MSCI Global Min Vol Factor ETF 5.7 20 -1 6.3 +1.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.4 41 -22 7.4 +2.7
VEU Vanguard FTSE All-World ex-US Index Fund 5.2 8 11 7.3 +2.6
ACWX iShares MSCI ACWI ex U.S. ETF 5.1 34 -15 7.0 +2.3
VXUS Vanguard Total International Stock ETF 4.9 7 12 7.2 +2.5
IXUS iShares Core MSCI Total International Stock ETF 4.9 7 12 7.2 +2.5
VSGX Vanguard ESG International Stock ETF 4.7 12 7 6.8 +2.1
DEM WisdomTree Emerging Markets High Dividend Fund 4.5 63 -44 18.9 +14.2
FEM First Trust Emerging Markets AlphaDEX Fund 4.4 80 -61 13.0 +8.4
CWI SPDR MSCI ACWI ex-US ETF 4.4 30 -11 6.9 +2.3
SMIN iShares MSCI India Small Cap ETF 4.3 79 -60 3.5 -1.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 4.2 70 -51 7.7 +3.0
BIGFX Baron International Growth Retail 4.1 75 -56 3.1 -1.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 4.1 30 -11 8.0 +3.3
VIGI Vanguard International Dividend Appreciation ETF 3.8 15 4 6.4 +1.7
SCHY Schwab International Dividend Equity ETF 3.7 14 5 9.3 +4.7
NXTG First Trust Indxx NextG ETF 3.7 70 -51 6.2 +1.6
PICK iShares MSCI Global Metals & Mining Producers ETF 3.5 39 -20 12.8 +8.2
IQDE FlexShares International Quality Dividend Defensive Index ET 3.4 47 -28 14.8 +10.1
IGRO iShares International Dividend Growth ETF 3.0 15 4 7.5 +2.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 2.8 42 -23 8.1 +3.4
IQDF FlexShares International Quality Dividend Index Fund 2.6 47 -28 12.9 +8.2
EYLD Cambria Emerging Shareholder Yield ETF 2.5 66 -47 13.2 +8.5
CGGO Capital Group Global Growth Equity ETF 2.5 47 -28 4.6 -0.1
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.4 65 -46 8.2 +3.5
FTAG First Trust Indxx Global Agriculture ETF 2.4 70 -51 9.7 +5.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.2 47 -28 9.4 +4.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.9 20 -1 5.2 +0.5
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 1.8 45 -26 5.7 +1.0
DVYE iShares Emerging Markets Dividend ETF 1.8 49 -30 18.8 +14.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.8 12 7 4.8 +0.1
ACWI iShares MSCI ACWI ETF 1.7 32 -13 5.3 +0.6
VT Vanguard Total World Stock ETF 1.7 7 12 5.5 +0.8
VYMI Vanguard International High Dividend Yield ETF 1.6 22 -3 9.8 +5.2
KNCT Invesco Next Gen Connectivity ETF 1.5 40 -21 5.6 +0.9
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.3 60 -41 0.5 -4.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.3 58 -39 10.2 +5.5
FILL iShares MSCI Global Energy Producers ETF 1.3 39 -20 9.6 +5.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.3 12 7 8.3 +3.6
GLOF iShares Global Equity Factor ETF 1.3 20 -1 7.0 +2.3
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.3 75 -56 2.9 -1.8
KLMT Invesco MSCI Global Climate 500 ETF 1.2 10 9 5.4 +0.8
XT iShares Exponential Technologies ETF 1.2 46 -27 4.8 +0.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.2 46 -27 9.3 +4.7
VEGI iShares MSCI Agriculture Producers ETF 1.1 39 -20 9.2 +4.5
OND ProShares On-Demand ETF 1.0 58 -39 -2.2 -6.8
BGAIX Baron Global Advantage 1.0 75 -56 0.6 -4.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.0 47 -28 5.5 +0.8
EDIV SPDR S&P Emerging Markets Dividend ETF 1.0 49 -30 12.0 +7.3
DEW WisdomTree Global High Dividend Fund 1.0 58 -39 8.5 +3.8
FTRI First Trust Indxx Global Natural Resources Income ETF 0.8 70 -51 9.8 +5.1
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.8 67 -48 15.0 +10.4
ICLN iShares Global Clean Energy ETF 0.7 41 -22 6.0 +1.3
SDG iShares MSCI Global Sustainable Development Goals ETF 0.6 49 -30 5.6 +1.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.6 78 -59 9.0 +4.3
DGT SPDR Global Dow ETF 0.6 50 -31 6.8 +2.1
CGW Invesco S&P Global Water Index ETF 0.5 57 -38 4.4 -0.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 10 5.4 +0.7
ANEW ProShares MSCI Transformational Changes ETF 0.4 45 -26 3.6 -1.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 -10 8.7 +4.1
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.3 10 9 7.7 +3.0
OBOR KraneShares MSCI One Belt One Road Index ETF 0.3 79 -60 10.3 +5.6
PID Invesco International Dividend Achievers ETF 0.2 53 -34 7.0 +2.4
AVRE Avantis Real Estate ETF 0.2 17 2 5.9 +1.2
ERTH Invesco MSCI Sustainable Future ETF 0.2 62 -43 3.6 -1.1
REET iShares Global REIT ETF 0.2 14 5 6.2 +1.6
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 -46 8.2 +3.5
SUPL ProShares Supply Chain Logistics ETF 0.2 58 -39 14.2 +9.5
IWTR iShares MSCI Water Management Multisector ETF 0.2 47 -28 5.0 +0.3
DFGR Dimensional Global Real Estate ETF 0.2 22 -3 6.2 +1.6

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 India ETF
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 16.5 %
Divided by: Fwd. P/BV 3.4 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 4.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.57 CATEGORY
AVERAGE		 1.48
 
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.