Franklin FTSE India ETF
ALTAR
Score™		 5.2% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 22.0x P/Sales
ratio		 2.3x
P/BV
ratio		 3.6x Div.
yield		 1.5%


  • 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) $938
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 231
Wgt avg mkt cap (mns) $55,086
Large cap (>$10bn) 80.1%
Mid cap ($2-10bn) 19.7%
Small cap (<$2bn) 0.2%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
RELIANCE INDUSTRIES LTD 8.2 %
HDFC BANK LIMITED 5.5 %
INFOSYS TECHNOLOGIES LTD 4.8 %
TATA CONSULTANCY SVS LTD 3.4 %
BHARTI AIRTEL LIMITED 2.1 %
AXIS BANK LIMITED 2.1 %
LARSEN & TOUBRO LIMITED 2.0 %
HINDUSTAN UNILEVER LIMITED 1.8 %
MAHINDRA & MAHINDRA LTD. 1.5 %
TATA MOTORS LTD 1.5 %
Total 32.9 %

TOP COUNTRY EXPOSURE
INDIA 96.1 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
4.6% 32.6% 10.5% -- 9.0%

Market Correlations
versus... Beta R-squared
S&P500 0.51 43%
MSCI EAFE 0.52 41%
MSCI Emg. Mkts. 0.41 27%

Technical Indicators
Recent close $37.56
30d moving avg. $32.84
Annualized volatility 13.9%
Short interest (ETF) 0.1%
Relative strength (RSI) 81

Liquidity measures
Avg. volume (thou.) 261
Turnover 1.0%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $1,795

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 141 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™: 5.2%


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 80.5 78 -59 3.8 -1.5
INDA iShares MSCI India ETF 79.3 65 -46 3.7 -1.6
EPI WisdomTree India Earnings Fund 63.6 85 -66 6.6 +1.4
INDY iShares India 50 ETF 61.1 89 -70 3.7 -1.5
NFTY First Trust India NIFTY 50 Equal Weight ETF 49.4 80 -61 6.1 +0.9
EEMO Invesco S&P Emerging Markets Momentum ETF 34.5 29 -10 6.2 +1.0
BKF iShares MSCI BIC ETF 32.7 69 -50 7.1 +1.9
NDIA Global X India Active ETF 28.2 75 -56 6.5 +1.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 27.8 32 -13 7.6 +2.4
XC WisdomTree Emerging Markets Ex-China Fund 26.2 32 -13 6.2 +1.0
STXE Strive Emerging Markets Ex-China ETF 25.6 32 -13 6.9 +1.7
RNEM First Trust Emerging Markets Equity Select ETF 23.5 75 -56 8.2 +3.0
EMXC iShares MSCI Emerging Markets ex China ETF 22.5 25 -6 6.7 +1.5
JHEM John Hancock Multifactor Emerging Markets ETF 22.1 49 -30 8.3 +3.1
EMMF WisdomTree Emerging Markets Multifactor Fund 22.1 48 -29 9.4 +4.1
FLAX Franklin FTSE Asia Ex Japan ETF 21.7 19 0 7.2 +2.0
EEMA iShares MSCI Emerging Markets Asia ETF 21.3 49 -30 6.7 +1.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 19.6 70 -51 6.3 +1.1
GMF SPDR S&P Emerging Asia Pacific ETF 18.8 49 -30 6.4 +1.2
SCHE Schwab Emerging Markets Equity ETF 18.6 11 8 7.6 +2.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 18.3 36 -17 7.5 +2.2
BKEM BNY Mellon Emerging Markets Equity ETF 18.2 11 8 7.7 +2.5
VWO Vanguard FTSE Emerging Markets ETF 18.0 8 11 7.6 +2.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 17.7 24 -5 7.1 +1.9
LDEM iShares ESG MSCI EM Leaders ETF 17.5 17 2 7.7 +2.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 17.3 32 -13 6.3 +1.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 17.2 40 -21 7.1 +1.9
EMXF iShares ESG Advanced MSCI EM ETF 17.2 16 3 7.4 +2.2
INCO Columbia India Consumer ETF 17.0 75 -56 1.6 -3.6
EMGF iShares Emerging Markets Equity Factor ETF 16.8 25 -6 8.7 +3.5
EEM iShares MSCI Emerging Markets ETF 16.6 69 -50 7.0 +1.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 16.5 66 -47 7.2 +2.0
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 16.5 25 -6 7.0 +1.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 16.5 45 -26 8.6 +3.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 16.4 30 -11 8.5 +3.3
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 16.3 18 1 7.9 +2.7
INDF Nifty India Financials ETF 16.2 75 -56 6.0 +0.8
DEHP Dimensional Emerging Markets High Profitability ETF 15.9 41 -22 7.3 +2.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 15.9 15 4 7.1 +1.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 15.6 95 -76 11.4 +6.2
IEMG iShares Core MSCI Emerging Markets ETF 15.1 9 10 7.5 +2.3
ESGE iShares ESG Aware MSCI EM ETF 15.1 25 -6 7.7 +2.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 15.0 30 -11 7.5 +2.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 14.9 20 -1 7.5 +2.3
ROAM Hartford Multifactor Emerging Markets ETF 14.8 44 -25 11.7 +6.5
NUEM Nuveen ESG Emerging Markets Equity ETF 14.7 36 -17 6.8 +1.6
EMDM First Trust Bloomberg Emerging Market Democracies ETF 14.2 75 -56 9.6 +4.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 13.9 33 -14 7.2 +2.0
DFAE Dimensional Emerging Core Equity Market ETF 13.8 35 -16 7.7 +2.5
SPEM SPDR Portfolio Emerging Markets ETF 13.5 7 12 7.5 +2.3
GLIN VanEck India Growth Leaders ETF 13.2 77 -58 5.3 +0.1
AVES Avantis Emerging Markets Value ETF 13.1 36 -17 12.1 +6.8
DFEV Dimensional Emerging Markets Value ETF 13.0 43 -24 10.9 +5.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 12.7 50 -31 10.5 +5.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 12.2 39 -20 12.5 +7.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 12.1 41 -22 7.8 +2.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 12.0 44 -25 10.3 +5.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 12.0 38 -19 8.2 +3.0
FDEM Fidelity Emerging Markets Multifactor ETF 12.0 25 -6 11.9 +6.7
PXH Invesco FTSE RAFI Emerging Markets ETF 11.5 49 -30 12.4 +7.2
DGIN VanEck Digital India ETF 11.4 71 -52 1.6 -3.6
AVEM Avantis Emerging Markets Equity ETF 11.4 33 -14 9.1 +3.9
INQQ India Internet & Ecommerce ETF 11.3 86 -67 10.8 +5.6
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 11.3 86 -67 1.9 -3.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 11.3 86 -67 1.9 -3.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 11.2 59 -40 9.6 +4.4
MINV Matthews Asia Innovators Active ETF 10.8 79 -60 2.8 -2.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 10.2 88 -69 6.2 +1.0
EMM Global X Emerging Markets ex-China ETF 7.9 75 -56 3.7 -1.5
CGXU Capital Group International Focus Equity ETF 7.5 54 -35 4.1 -1.1
ECON Columbia Emerging Markets Consumer ETF 7.5 49 -30 4.8 -0.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 7.2 45 -26 12.7 +7.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 6.5 60 -41 10.0 +4.8
FEM First Trust Emerging Markets AlphaDEX Fund 6.2 80 -61 16.3 +11.1
VIGI Vanguard International Dividend Appreciation ETF 6.0 15 4 5.6 +0.3
EMC Global X Emerging Markets Great Consumer ETF 5.9 75 -56 4.9 -0.4
XCEM Columbia EM Core ex-China ETF 5.4 16 3 7.4 +2.1
ACWV iShares MSCI Global Min Vol Factor ETF 5.3 20 -1 6.7 +1.5
VEU Vanguard FTSE All-World ex-US Index Fund 4.8 8 11 7.2 +2.0
ACWX iShares MSCI ACWI ex U.S. ETF 4.7 34 -15 6.7 +1.5
VXUS Vanguard Total International Stock ETF 4.6 7 12 7.1 +1.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.6 41 -22 6.7 +1.5
IXUS iShares Core MSCI Total International Stock ETF 4.5 7 12 6.9 +1.7
SMIN iShares MSCI India Small Cap ETF 4.5 79 -60 4.3 -0.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 4.4 70 -51 7.2 +2.0
DEM WisdomTree Emerging Markets High Dividend Fund 4.4 63 -44 12.9 +7.7
FILL iShares MSCI Global Energy Producers ETF 4.1 39 -20 9.0 +3.8
MEM Matthews Emerging Markets Equity Active ETF 4.1 79 -60 5.7 +0.5
NXTG First Trust Indxx NextG ETF 4.0 70 -51 6.0 +0.8
VSGX Vanguard ESG International Stock ETF 3.9 12 7 6.8 +1.6
SCHY Schwab International Dividend Equity ETF 3.9 14 5 9.3 +4.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.8 30 -11 7.8 +2.6
CWI SPDR MSCI ACWI ex-US ETF 3.6 30 -11 6.8 +1.6
IGRO iShares International Dividend Growth ETF 3.3 15 4 7.1 +1.9
IQDE FlexShares International Quality Dividend Defensive Index ET 3.3 47 -28 10.7 +5.5
EDIV SPDR S&P Emerging Markets Dividend ETF 2.9 49 -30 10.9 +5.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 2.7 42 -23 6.8 +1.6
IQDF FlexShares International Quality Dividend Index Fund 2.6 47 -28 10.7 +5.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.5 47 -28 10.3 +5.1
EYLD Cambria Emerging Shareholder Yield ETF 2.5 66 -47 12.1 +6.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.2 65 -46 8.4 +3.1
PICK iShares MSCI Global Metals & Mining Producers ETF 2.1 39 -20 11.0 +5.8
FTAG First Trust Indxx Global Agriculture ETF 2.1 70 -51 9.1 +3.9
DVYE iShares Emerging Markets Dividend ETF 1.8 49 -30 16.6 +11.4
ACWI iShares MSCI ACWI ETF 1.7 32 -13 5.5 +0.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.7 20 -1 5.6 +0.4
VT Vanguard Total World Stock ETF 1.7 7 12 5.8 +0.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.6 12 7 5.1 -0.1
CGGO Capital Group Global Growth Equity ETF 1.6 47 -28 4.3 -0.9
VYMI Vanguard International High Dividend Yield ETF 1.6 22 -3 9.7 +4.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 1.5 20 -1 10.7 +5.5
IWTR iShares MSCI Water Management Multisector ETF 1.3 47 -28 4.8 -0.4
DGT SPDR Global Dow ETF 1.3 50 -31 6.7 +1.4
VEGI iShares MSCI Agriculture Producers ETF 1.2 39 -20 9.2 +4.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.2 47 -28 5.9 +0.7
GLOF iShares Global Equity Factor ETF 1.2 20 -1 7.1 +1.9
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.2 75 -56 3.2 -2.1
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.1 67 -48 17.5 +12.3
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 1.1 45 -26 6.2 +1.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.1 58 -39 10.1 +4.9
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.0 12 7 8.7 +3.5
XT iShares Exponential Technologies ETF 1.0 46 -27 3.9 -1.4
DEW WisdomTree Global High Dividend Fund 0.9 58 -39 9.1 +3.9
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.9 60 -41 0.9 -4.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.8 46 -27 8.8 +3.6
FTRI First Trust Indxx Global Natural Resources Income ETF 0.8 70 -51 10.6 +5.4
OND ProShares On-Demand ETF 0.8 58 -39 -2.5 -7.7
IWFH iShares Virtual Work and Life Multisector ETF 0.8 47 -28 -3.5 -8.7
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.6 78 -59 8.8 +3.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.5 10 9 8.2 +3.0
SDG iShares MSCI Global Sustainable Development Goals ETF 0.4 49 -30 5.8 +0.6
OBOR KraneShares MSCI One Belt One Road Index ETF 0.4 79 -60 10.3 +5.1
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 -46 7.7 +2.5
SAGP Strategas Global Policy Opportunities ETF 0.3 65 -46 4.5 -0.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 10 5.7 +0.5
AVRE Avantis Real Estate ETF 0.3 17 2 6.6 +1.4
REET iShares Global REIT ETF 0.3 14 5 7.1 +1.9
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 0.2 47 -28 0.7 -4.6
ICLN iShares Global Clean Energy ETF 0.2 41 -22 4.3 -0.9
SUPL ProShares Supply Chain Logistics ETF 0.2 58 -39 13.1 +7.9
DFGR Dimensional Global Real Estate ETF 0.2 22 -3 7.1 +1.8

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

  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 18.7 %
Divided by: Fwd. P/BV 3.5 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.48 CATEGORY
AVERAGE		 1.39
 
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.