Franklin FTSE India ETF
ALTAR
Score™		 4.0% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 28.3x P/Sales
ratio		 3.0x
P/BV
ratio		 4.0x Div.
yield		 1.2%


  • 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) $2,607
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 277
Wgt avg mkt cap (mns) $214,512
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 %
ICICI BANK LTD 4.8 %
HDFC BANK LIMITED 4.0 %
INFOSYS TECHNOLOGIES LTD 3.7 %
BHARTI AIRTEL LIMITED 3.5 %
TATA CONSULTANCY SVS LTD 2.3 %
MAHINDRA & MAHINDRA LTD. 2.3 %
BAJAJ FINANCE LIMITED 1.9 %
AXIS BANK LIMITED 1.8 %
LARSEN & TOUBRO LIMITED 1.7 %
Total 49.8 %

TOP COUNTRY EXPOSURE
INDIA 112.8 %










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.
2.2% -1.4% 13.1% -- 7.4%

Market Correlations
versus... Beta R-squared
S&P500 0.42 17%
MSCI EAFE 0.29 11%
MSCI Emg. Mkts. 0.35 18%

Technical Indicators
Recent close $39.11
30d moving avg. $38.92
Annualized volatility 13.2%
Short interest (ETF) 0.4%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 234
Turnover 0.4%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $1,111

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™: 4.0%


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 81.2 85 -66 4.8 +0.9
PIN Invesco India ETF 74.1 78 -59 4.6 +0.7
INDA iShares MSCI India ETF 73.0 65 -46 4.5 +0.6
INDY iShares India 50 ETF 54.4 89 -70 4.9 +1.0
NFTY First Trust India NIFTY 50 Equal Weight ETF 46.8 80 -61 4.6 +0.6
XC WisdomTree Emerging Markets Ex-China Fund 31.5 32 -13 5.4 +1.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 29.9 32 -13 6.3 +2.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 28.4 86 -67 14.2 +10.2
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 28.4 86 -67 0.5 -3.5
INQQ India Internet & Ecommerce ETF 28.4 86 -67 1.3 -2.6
BKF iShares MSCI BIC ETF 26.1 69 -50 12.9 +9.0
NDIA Global X India Active ETF 25.1 75 -56 5.2 +1.2
JHEM John Hancock Multifactor Emerging Markets ETF 23.8 49 -30 9.4 +5.4
FLAX Franklin FTSE Asia Ex Japan ETF 22.7 19 0 8.4 +4.4
STXE Strive Emerging Markets Ex-China ETF 22.6 32 -13 7.3 +3.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 22.2 20 -1 9.8 +5.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 21.4 15 4 9.6 +5.6
XCNY SPDR S&P Emerging Markets ex-China ETF 21.1 15 4 7.2 +3.2
BKEM BNY Mellon Emerging Markets Equity ETF 20.6 11 8 9.2 +5.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 20.4 24 -5 7.2 +3.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 20.4 36 -17 9.0 +5.1
RNEM First Trust Emerging Markets Equity Select ETF 20.4 75 -56 8.3 +4.4
INDF Nifty India Financials ETF 19.3 75 -56 6.7 +2.8
EMMF WisdomTree Emerging Markets Multifactor Fund 19.1 48 -29 7.0 +3.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 18.9 66 -47 8.9 +4.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 18.7 40 -21 6.6 +2.7
GLIN VanEck India Growth Leaders ETF 18.7 77 -58 5.7 +1.8
EMXC iShares MSCI Emerging Markets ex China ETF 18.5 25 -6 6.9 +3.0
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 17.7 25 -6 6.4 +2.5
INCO Columbia India Consumer ETF 17.5 75 -56 1.7 -2.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 16.8 45 -26 9.5 +5.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 16.7 32 -13 8.4 +4.4
EEMA iShares MSCI Emerging Markets Asia ETF 16.6 49 -30 9.0 +5.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 16.0 30 -11 9.0 +5.1
GMF SPDR S&P Emerging Asia Pacific ETF 15.9 49 -30 9.4 +5.4
ECON Columbia Emerging Markets Consumer ETF 15.7 49 -30 11.6 +7.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 15.0 15 4 7.4 +3.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 15.0 70 -51 8.4 +4.4
SCHE Schwab Emerging Markets Equity ETF 14.9 11 8 10.5 +6.5
EMDM First Trust Bloomberg Emerging Market Democracies ETF 14.6 75 -56 9.5 +5.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 14.3 95 -76 10.9 +6.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 14.3 33 -14 9.2 +5.2
NUEM Nuveen ESG Emerging Markets Equity ETF 14.1 36 -17 7.2 +3.3
VWO Vanguard FTSE Emerging Markets ETF 14.0 7 12 10.1 +6.2
XCEM Columbia EM Core ex-China ETF 14.0 16 3 7.6 +3.7
AVES Avantis Emerging Markets Value ETF 13.8 36 -17 10.7 +6.7
CGXU Capital Group International Focus Equity ETF 13.6 54 -35 5.5 +1.5
DEHP Dimensional Emerging Markets High Profitability ETF 13.5 41 -22 6.4 +2.4
LDEM iShares ESG MSCI EM Leaders ETF 13.5 17 2 13.8 +9.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 13.3 50 -31 10.2 +6.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 13.1 30 -11 9.8 +5.8
EEM iShares MSCI Emerging Markets ETF 13.0 69 -50 9.4 +5.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 12.8 44 -25 10.4 +6.4
AVXC Avantis Emerging Markets Ex-China Equity ETF 12.7 33 -14 8.0 +4.1
EMXF iShares ESG Advanced MSCI EM ETF 12.6 16 3 7.9 +4.0
EMGF iShares Emerging Markets Equity Factor ETF 12.5 25 -6 10.7 +6.7
DGIN VanEck Digital India ETF 12.4 71 -52 1.8 -2.2
EVLU iShares MSCI Emerging Markets Value Factor ETF 12.1 35 -16 16.2 +12.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 11.9 53 -34 7.2 +3.2
ESGE iShares ESG Aware MSCI EM ETF 11.9 25 -6 9.3 +5.3
IEMG iShares Core MSCI Emerging Markets ETF 11.8 9 10 9.7 +5.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 11.8 59 -40 8.6 +4.6
SPEM SPDR Portfolio Emerging Markets ETF 11.7 7 12 10.3 +6.4
ROAM Hartford Multifactor Emerging Markets ETF 11.7 44 -25 11.1 +7.1
FDEM Fidelity Emerging Markets Multifactor ETF 11.4 25 -6 12.0 +8.1
AVEM Avantis Emerging Markets Equity ETF 11.0 33 -14 8.2 +4.2
DFAE Dimensional Emerging Core Equity Market ETF 11.0 35 -16 8.6 +4.6
MINV Matthews Asia Innovators Active ETF 10.6 79 -60 7.0 +3.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 9.9 45 -26 10.1 +6.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 9.5 41 -22 8.2 +4.2
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 9.5 88 -69 7.8 +3.8
AVSE Avantis Responsible Emerging Markets Equity ETF 9.3 33 -14 7.9 +3.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 9.2 38 -19 8.6 +4.6
EMC Global X Emerging Markets Great Consumer ETF 9.1 75 -56 7.4 +3.5
DFEV Dimensional Emerging Markets Value ETF 8.8 43 -24 11.9 +7.9
PXH Invesco FTSE RAFI Emerging Markets ETF 8.6 49 -30 14.8 +10.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 7.9 39 -20 15.4 +11.4
EEMO Invesco S&P Emerging Markets Momentum ETF 6.9 29 -10 7.5 +3.6
IPAV Global X Infrastructure Development ex-U.S. ETF 6.9 55 -36 6.8 +2.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 6.1 18 1 7.2 +3.3
MEM Matthews Emerging Markets Equity Active ETF 6.0 79 -60 7.3 +3.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 5.6 60 -41 7.9 +3.9
JADE JPMorgan Active Developing Markets Equity ETF 5.0 65 -46 7.6 +3.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.9 41 -22 7.1 +3.1
ACWV iShares MSCI Global Min Vol Factor ETF 4.9 20 -1 5.9 +1.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 4.6 42 -23 6.3 +2.4
VEU Vanguard FTSE All-World ex-US Index Fund 4.2 4 15 7.7 +3.7
SMIN iShares MSCI India Small Cap ETF 4.2 79 -60 3.7 -0.3
ACWX iShares MSCI ACWI ex U.S. ETF 4.0 34 -15 7.3 +3.3
VXUS Vanguard Total International Stock ETF 3.9 5 14 7.6 +3.6
IXUS iShares Core MSCI Total International Stock ETF 3.9 7 12 7.5 +3.5
VSGX Vanguard ESG International Stock ETF 3.8 10 9 7.5 +3.5
PICK iShares MSCI Global Metals & Mining Producers ETF 3.7 39 -20 10.8 +6.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 3.6 70 -51 7.5 +3.6
CWI SPDR MSCI ACWI ex-US ETF 3.5 30 -11 7.5 +3.5
NXTG First Trust Indxx NextG ETF 3.3 70 -51 5.0 +1.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.1 30 -11 7.5 +3.5
FTAG First Trust Indxx Global Agriculture ETF 3.0 70 -51 8.4 +4.4
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.0 65 -46 8.1 +4.2
DEM WisdomTree Emerging Markets High Dividend Fund 3.0 63 -44 12.7 +8.8
IGRO iShares International Dividend Growth ETF 2.8 15 4 7.0 +3.0
SCHY Schwab International Dividend Equity ETF 2.7 14 5 9.2 +5.3
FEM First Trust Emerging Markets AlphaDEX Fund 2.5 80 -61 11.4 +7.5
CGGO Capital Group Global Growth Equity ETF 2.5 47 -28 4.2 +0.2
VIGI Vanguard International Dividend Appreciation ETF 2.4 10 9 6.4 +2.4
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 2.4 60 -41 10.4 +6.4
EYLD Cambria Emerging Shareholder Yield ETF 2.1 66 -47 11.6 +7.6
IQDF FlexShares International Quality Dividend Index Fund 2.1 47 -28 8.4 +4.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.0 75 -56 2.9 -1.0
JIG JPMorgan International Growth ETF 1.9 55 -36 4.7 +0.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.9 47 -28 7.8 +3.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.5 20 -1 5.5 +1.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.5 46 -27 9.5 +5.5
ACWI iShares MSCI ACWI ETF 1.4 32 -13 5.4 +1.4
VT Vanguard Total World Stock ETF 1.4 6 13 5.7 +1.7
JIVE JPMorgan International Value ETF 1.4 55 -36 10.7 +6.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.3 12 7 5.1 +1.2
DVYE iShares Emerging Markets Dividend ETF 1.3 49 -30 17.7 +13.8
VEGI iShares MSCI Agriculture Producers ETF 1.3 39 -20 9.1 +5.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.3 12 7 8.2 +4.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.2 67 -48 14.6 +10.6
KNCT Invesco Next Gen Connectivity ETF 1.2 40 -21 4.6 +0.6
VYMI Vanguard International High Dividend Yield ETF 1.1 17 2 9.0 +5.1
KLMT Invesco MSCI Global Climate 500 ETF 1.0 10 9 5.6 +1.6
GLOF iShares Global Equity Factor ETF 0.9 20 -1 6.6 +2.7
EDIV SPDR S&P Emerging Markets Dividend ETF 0.9 49 -30 9.3 +5.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.9 47 -28 5.6 +1.7
ICLN iShares Global Clean Energy ETF 0.7 41 -22 3.2 -0.8
DWX SPDR S&P International Dividend ETF 0.7 45 -26 7.2 +3.2
DGT State Street SPDR Global Dow ETF 0.7 50 -31 6.6 +2.6
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.7 78 -59 8.9 +4.9
FTRI First Trust Indxx Global Natural Resources Income ETF 0.7 70 -51 7.7 +3.7
XT iShares Exponential Technologies ETF 0.6 46 -27 4.6 +0.7
DEW WisdomTree Global High Dividend Fund 0.6 58 -39 8.2 +4.2
OBOR KraneShares MSCI One Belt One Road Index ETF 0.6 79 -60 7.9 +3.9
SDG iShares MSCI Global Sustainable Development Goals ETF 0.6 49 -30 4.9 +1.0
ANEW ProShares MSCI Transformational Changes ETF 0.5 45 -26 5.2 +1.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.5 58 -39 9.4 +5.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 -10 8.9 +4.9
SAGP Strategas Global Policy Opportunities ETF 0.4 65 -46 5.5 +1.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 -46 7.9 +3.9
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.3 10 9 6.6 +2.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 10 5.6 +1.6
CGW Invesco S&P Global Water Index ETF 0.3 57 -38 4.7 +0.7
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.3 42 -23 9.6 +5.7
PID Invesco International Dividend Achievers ETF 0.3 53 -34 5.2 +1.2
AVRE Avantis Real Estate ETF 0.2 17 2 7.3 +3.4
ERTH Invesco MSCI Sustainable Future ETF 0.2 62 -43 3.4 -0.5
REET iShares Global REIT ETF 0.2 14 5 7.5 +3.6
DFGR Dimensional Global Real Estate ETF 0.2 22 -3 7.7 +3.8
PIO Invesco Global Water ETF 0.1 75 -56 4.4 +0.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 11 7.2 +3.3

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 15.0 %
Divided by: Fwd. P/BV 3.6 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 4.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.52 CATEGORY
AVERAGE		 1.54
 
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.