Franklin FTSE India ETF
ALTAR
Score™		 3.9% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 26.1x P/Sales
ratio		 2.8x
P/BV
ratio		 3.9x 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) $1,780
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 249
Wgt avg mkt cap (mns) $64,036
Large cap (>$10bn) 82.3%
Mid cap ($2-10bn) 16.8%
Small cap (<$2bn) 0.4%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
RELIANCE INDS-SPONS GDR 144A 23.8 %
HDFC BANK LIMITED 7.0 %
INFOSYS TECHNOLOGIES LTD 4.9 %
ICICI BANK LTD 4.2 %
BHARTI AIRTEL LIMITED 3.0 %
TATA CONSULTANCY SVS LTD 2.8 %
MAHINDRA & MAHINDRA LTD. 1.8 %
AXIS BANK LIMITED 1.8 %
BAJAJ FINANCE LIMITED 1.7 %
LARSEN & TOUBRO LIMITED 1.6 %
Total 52.5 %

TOP COUNTRY EXPOSURE
INDIA 113.7 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
-9.6% -5.2% 11.4% -- 6.3%

Market Correlations
versus... Beta R-squared
S&P500 0.58 49%
MSCI EAFE 0.45 31%
MSCI Emg. Mkts. 0.41 25%

Technical Indicators
Recent close $36.86
30d moving avg. $35.43
Annualized volatility 14.1%
Short interest (ETF) 1.0%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 353
Turnover 0.7%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $1,111

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 146 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™: 3.9%


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
(%)
EPI WisdomTree India Earnings Fund 83.5 85 -66 4.7 +0.8
PIN Invesco India ETF 80.3 78 -59 4.3 +0.4
INDA iShares MSCI India ETF 80.0 65 -46 4.3 +0.4
INDY iShares India 50 ETF 56.1 89 -70 4.6 +0.7
NFTY First Trust India NIFTY 50 Equal Weight ETF 44.6 80 -61 4.8 +0.9
EEMO Invesco S&P Emerging Markets Momentum ETF 39.9 29 -10 6.2 +2.3
XC WisdomTree Emerging Markets Ex-China Fund 31.9 32 -13 5.5 +1.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 30.7 32 -13 7.0 +3.1
BKF iShares MSCI BIC ETF 27.9 69 -50 13.0 +9.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 27.7 86 -67 13.7 +9.8
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 27.7 86 -67 0.4 -3.6
INQQ India Internet & Ecommerce ETF 27.7 86 -67 1.1 -2.8
STXE Strive Emerging Markets Ex-China ETF 26.2 32 -13 8.2 +4.2
NDIA Global X India Active ETF 26.1 75 -56 4.7 +0.8
XCNY SPDR S&P Emerging Markets ex-China ETF 23.9 15 4 0.0 -3.9
JHEM John Hancock Multifactor Emerging Markets ETF 23.9 49 -30 10.5 +6.6
FLAX Franklin FTSE Asia Ex Japan ETF 23.0 19 0 10.8 +6.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 22.5 20 -1 11.3 +7.4
EMXC iShares MSCI Emerging Markets ex China ETF 22.4 25 -6 8.0 +4.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 21.5 15 4 10.8 +6.8
INDF Nifty India Financials ETF 20.9 75 -56 6.6 +2.7
BKEM BNY Mellon Emerging Markets Equity ETF 20.7 11 8 11.8 +7.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 20.5 36 -17 11.2 +7.3
RNEM First Trust Emerging Markets Equity Select ETF 20.5 75 -56 1.0 -2.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 20.1 24 -5 8.3 +4.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 19.2 40 -21 5.6 +1.7
EEMA iShares MSCI Emerging Markets Asia ETF 19.1 49 -30 10.7 +6.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 19.0 66 -47 10.2 +6.2
EMMF WisdomTree Emerging Markets Multifactor Fund 18.8 48 -29 7.8 +3.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 18.0 25 -6 6.5 +2.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 17.4 70 -51 9.8 +5.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 17.2 32 -13 9.6 +5.7
GMF SPDR S&P Emerging Asia Pacific ETF 17.2 49 -30 10.0 +6.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 17.0 45 -26 11.0 +7.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 16.7 30 -11 9.3 +5.4
LDEM iShares ESG MSCI EM Leaders ETF 16.0 17 2 12.9 +9.0
INCO Columbia India Consumer ETF 16.0 75 -56 1.8 -2.2
DEHP Dimensional Emerging Markets High Profitability ETF 15.8 41 -22 6.5 +2.6
VWO Vanguard FTSE Emerging Markets ETF 15.6 8 11 10.9 +7.0
NUEM Nuveen ESG Emerging Markets Equity ETF 15.3 36 -17 8.1 +4.2
ECON Columbia Emerging Markets Consumer ETF 15.3 49 -30 12.9 +9.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 15.3 30 -11 10.6 +6.7
EEM iShares MSCI Emerging Markets ETF 15.1 69 -50 10.7 +6.8
EMGF iShares Emerging Markets Equity Factor ETF 15.0 25 -6 12.4 +8.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 14.9 15 4 8.6 +4.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 14.8 33 -14 10.6 +6.7
EMXF iShares ESG Advanced MSCI EM ETF 14.5 16 3 8.4 +4.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 14.5 95 -76 13.1 +9.2
SCHE Schwab Emerging Markets Equity ETF 14.4 11 8 11.6 +7.6
EVLU iShares MSCI Emerging Markets Value Factor ETF 14.3 35 -16 21.6 +17.7
IEMG iShares Core MSCI Emerging Markets ETF 14.0 9 10 10.9 +7.0
ESGE iShares ESG Aware MSCI EM ETF 14.0 25 -6 10.7 +6.8
GLIN VanEck India Growth Leaders ETF 13.8 77 -58 6.4 +2.5
XCEM Columbia EM Core ex-China ETF 13.5 16 3 8.5 +4.6
CGXU Capital Group International Focus Equity ETF 13.2 54 -35 5.9 +2.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 13.2 50 -31 11.6 +7.7
AVES Avantis Emerging Markets Value ETF 13.1 36 -17 12.2 +8.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 13.1 44 -25 11.0 +7.1
SPEM SPDR Portfolio Emerging Markets ETF 12.9 7 12 10.9 +7.0
DFAE Dimensional Emerging Core Equity Market ETF 12.4 35 -16 10.2 +6.3
DGIN VanEck Digital India ETF 12.3 71 -52 2.0 -2.0
EMDM First Trust Bloomberg Emerging Market Democracies ETF 11.8 75 -56 10.3 +6.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 11.8 59 -40 13.7 +9.8
FDEM Fidelity Emerging Markets Multifactor ETF 11.7 25 -6 13.5 +9.6
ROAM Hartford Multifactor Emerging Markets ETF 11.2 44 -25 11.3 +7.4
AVEM Avantis Emerging Markets Equity ETF 10.9 33 -14 9.7 +5.8
EMM Global X Emerging Markets ex-China ETF 10.9 75 -56 5.0 +1.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 10.7 38 -19 9.9 +6.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 10.6 41 -22 9.4 +5.5
MINV Matthews Asia Innovators Active ETF 10.6 79 -60 7.7 +3.8
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 9.6 88 -69 10.3 +6.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 9.5 45 -26 11.1 +7.2
DFEV Dimensional Emerging Markets Value ETF 9.4 43 -24 14.5 +10.6
PXH Invesco FTSE RAFI Emerging Markets ETF 9.1 49 -30 16.7 +12.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 7.7 39 -20 16.9 +13.0
EMC Global X Emerging Markets Great Consumer ETF 7.1 75 -56 8.5 +4.5
IPAV Global X Infrastructure Development ex-U.S. ETF 6.2 55 -36 4.5 +0.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 6.2 18 1 8.1 +4.2
MEM Matthews Emerging Markets Equity Active ETF 5.5 79 -60 8.5 +4.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 5.3 60 -41 8.0 +4.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.0 41 -22 7.1 +3.2
SMIN iShares MSCI India Small Cap ETF 4.9 79 -60 3.3 -0.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 4.9 42 -23 6.8 +2.9
ACWV iShares MSCI Global Min Vol Factor ETF 4.8 20 -1 7.6 +3.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 4.8 70 -51 7.8 +3.9
VEU Vanguard FTSE All-World ex-US Index Fund 4.5 8 11 8.5 +4.6
ACWX iShares MSCI ACWI ex U.S. ETF 4.5 34 -15 8.1 +4.2
IXUS iShares Core MSCI Total International Stock ETF 4.3 7 12 8.3 +4.4
VXUS Vanguard Total International Stock ETF 4.2 7 12 8.3 +4.4
VSGX Vanguard ESG International Stock ETF 4.2 12 7 8.2 +4.3
FEM First Trust Emerging Markets AlphaDEX Fund 4.0 80 -61 13.8 +9.9
CWI SPDR MSCI ACWI ex-US ETF 3.8 30 -11 8.2 +4.3
PICK iShares MSCI Global Metals & Mining Producers ETF 3.6 39 -20 14.1 +10.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.5 30 -11 8.6 +4.7
SCHY Schwab International Dividend Equity ETF 3.4 14 5 9.8 +5.9
VIGI Vanguard International Dividend Appreciation ETF 3.3 15 4 6.2 +2.3
NXTG First Trust Indxx NextG ETF 3.3 70 -51 5.8 +1.9
DEM WisdomTree Emerging Markets High Dividend Fund 2.9 63 -44 13.6 +9.7
IGRO iShares International Dividend Growth ETF 2.6 15 4 7.3 +3.4
FTAG First Trust Indxx Global Agriculture ETF 2.5 70 -51 8.1 +4.2
CGGO Capital Group Global Growth Equity ETF 2.4 47 -28 5.0 +1.1
EYLD Cambria Emerging Shareholder Yield ETF 2.2 66 -47 13.1 +9.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.2 65 -46 8.6 +4.6
IQDF FlexShares International Quality Dividend Index Fund 2.1 47 -28 9.5 +5.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.8 47 -28 9.0 +5.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.7 20 -1 6.3 +2.4
DVYE iShares Emerging Markets Dividend ETF 1.7 49 -30 18.9 +15.0
JIG JPMorgan International Growth ETF 1.6 55 -36 4.8 +0.9
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.6 60 -41 13.3 +9.4
ACWI iShares MSCI ACWI ETF 1.6 32 -13 6.1 +2.2
VT Vanguard Total World Stock ETF 1.6 7 12 6.4 +2.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.6 12 7 7.7 +3.8
KNCT Invesco Next Gen Connectivity ETF 1.5 40 -21 5.1 +1.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.4 46 -27 10.4 +6.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.4 12 7 5.2 +1.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.4 67 -48 13.3 +9.4
XT iShares Exponential Technologies ETF 1.4 46 -27 5.5 +1.6
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.4 75 -56 3.5 -0.4
VYMI Vanguard International High Dividend Yield ETF 1.2 22 -3 10.0 +6.1
FILL iShares MSCI Global Energy Producers ETF 1.2 39 -20 11.4 +7.5
KLMT Invesco MSCI Global Climate 500 ETF 1.2 10 9 6.1 +2.2
VEGI iShares MSCI Agriculture Producers ETF 1.2 39 -20 8.8 +4.9
GLOF iShares Global Equity Factor ETF 1.1 20 -1 7.0 +3.1
EDIV SPDR S&P Emerging Markets Dividend ETF 0.8 49 -30 11.6 +7.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.8 47 -28 5.7 +1.7
SDG iShares MSCI Global Sustainable Development Goals ETF 0.7 49 -30 6.0 +2.1
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.7 78 -59 9.6 +5.7
ICLN iShares Global Clean Energy ETF 0.7 41 -22 6.4 +2.4
FTRI First Trust Indxx Global Natural Resources Income ETF 0.6 70 -51 8.6 +4.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.6 58 -39 10.1 +6.2
OBOR KraneShares MSCI One Belt One Road Index ETF 0.6 79 -60 7.7 +3.8
DEW WisdomTree Global High Dividend Fund 0.6 58 -39 7.7 +3.8
CGW Invesco S&P Global Water Index ETF 0.5 57 -38 4.8 +0.9
DGT SPDR Global Dow ETF 0.5 50 -31 8.1 +4.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 -10 8.7 +4.8
SAGP Strategas Global Policy Opportunities ETF 0.4 65 -46 5.3 +1.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.3 10 9 7.5 +3.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 10 6.0 +2.1
PID Invesco International Dividend Achievers ETF 0.3 53 -34 5.8 +1.9
AVRE Avantis Real Estate ETF 0.2 17 2 3.3 -0.6
ERTH Invesco MSCI Sustainable Future ETF 0.2 62 -43 2.5 -1.4
REET iShares Global REIT ETF 0.2 14 5 3.3 -0.6
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 -26 7.0 +3.1
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 -46 8.1 +4.2
IWTR iShares MSCI Water Management Multisector ETF 0.2 47 -28 6.5 +2.6
DFGR Dimensional Global Real Estate ETF 0.2 22 -3 3.2 -0.8

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
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:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.4 %
Divided by: Fwd. P/BV 3.8 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 3.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.50 CATEGORY
AVERAGE		 1.50
 
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.