Franklin FTSE India ETF
ALTAR
Score™		 3.7% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 29.1x P/Sales
ratio		 3.0x
P/BV
ratio		 3.8x Div.
yield		 1.1%


  • 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) $3,324
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 280
Wgt avg mkt cap (mns) $187,497
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 20.5 %
HDFC BANK LIMITED 6.7 %
ICICI BANK LTD 4.3 %
BHARTI AIRTEL LIMITED 3.5 %
INFOSYS TECHNOLOGIES LTD 3.3 %
MAHINDRA & MAHINDRA LTD. 2.1 %
TATA CONSULTANCY SVS LTD 2.0 %
AXIS BANK LIMITED 1.8 %
LARSEN & TOUBRO LIMITED 1.7 %
BAJAJ FINANCE LTD 1.7 %
Total 47.5 %

TOP COUNTRY EXPOSURE
INDIA 101.4 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.0% 1.5% 8.7% -- 6.7%

Market Correlations
versus... Beta R-squared
S&P500 0.33 20%
MSCI EAFE 0.44 25%
MSCI Emg. Mkts. 0.43 29%

Technical Indicators
Recent close $37.59
30d moving avg. $37.66
Annualized volatility 13.2%
Short interest (ETF) 0.4%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 1,171
Turnover 1.3%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $1,111

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 150 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™: 3.7%


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
(%)
INDA iShares MSCI India ETF 70.1 65 -46 4.0 +0.3
PIN Invesco India ETF 70.1 78 -59 4.2 +0.5
INDY iShares India 50 ETF 49.6 89 -70 4.5 +0.8
NFTY First Trust India NIFTY 50 Equal Weight ETF 40.7 80 -61 4.3 +0.6
XC WisdomTree Emerging Markets Ex-China Fund 40.3 32 -13 5.7 +2.0
NDIA Global X India Active ETF 25.8 75 -56 4.4 +0.7
BKF iShares MSCI BIC ETF 24.8 69 -50 12.7 +9.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 23.0 24 -5 5.4 +1.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 22.4 32 -13 4.8 +1.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 22.1 86 -67 10.7 +7.0
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 22.1 86 -67 0.1 -3.6
INQQ India Internet & Ecommerce ETF 22.1 86 -67 0.5 -3.2
JHEM John Hancock Multifactor Emerging Markets ETF 20.7 49 -30 7.5 +3.8
VEXC Vanguard Emerging Markets Ex-China ETF 20.5 7 12 5.6 +1.9
FLAX Franklin FTSE Asia Ex Japan ETF 19.3 19 0 7.2 +3.5
XCNY SPDR S&P Emerging Markets ex-China ETF 18.6 15 4 5.6 +2.0
GLIN VanEck India Growth Leaders ETF 18.0 77 -58 5.0 +1.3
RNEM First Trust Emerging Markets Equity Select ETF 17.9 75 -56 7.3 +3.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 17.9 15 4 7.9 +4.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 17.4 40 -21 6.2 +2.5
XCEM Columbia EM Core ex-China ETF 17.1 16 3 5.1 +1.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 15.9 36 -17 7.5 +3.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 15.9 20 -1 -0.2 -3.9
BKEM BNY Mellon Emerging Markets Equity ETF 15.9 11 8 7.8 +4.2
STXE Strive Emerging Markets Ex-China ETF 15.8 32 -13 5.5 +1.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 15.5 66 -47 7.3 +3.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 15.0 25 -6 6.3 +2.6
INCO Columbia India Consumer ETF 14.9 75 -56 1.8 -1.9
EMXC iShares MSCI Emerging Markets ex China ETF 14.8 25 -6 5.2 +1.6
EMMF WisdomTree Emerging Markets Multifactor Fund 14.5 48 -29 8.5 +4.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 14.4 32 -13 7.4 +3.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 14.3 45 -26 8.0 +4.3
GMF SPDR S&P Emerging Asia Pacific ETF 14.2 49 -30 8.4 +4.7
EEMA iShares MSCI Emerging Markets Asia ETF 14.2 49 -30 7.6 +3.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 13.0 30 -11 7.7 +4.0
VWO Vanguard FTSE Emerging Markets ETF 12.8 7 12 8.8 +5.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 12.7 70 -51 7.0 +3.3
ECON Columbia Emerging Markets Consumer ETF 12.7 49 -30 6.8 +3.1
NUEM Nuveen ESG Emerging Markets Equity ETF 12.5 36 -17 6.0 +2.3
AVES Avantis Emerging Markets Value ETF 12.5 36 -17 8.4 +4.8
AVXC Avantis Emerging Markets Ex-China Equity ETF 12.3 33 -14 6.2 +2.5
DEHP Dimensional Emerging Markets High Profitability ETF 12.2 41 -22 4.9 +1.2
LDEM iShares ESG MSCI EM Leaders ETF 12.0 17 2 11.3 +7.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 11.9 15 4 8.7 +5.0
CGXU Capital Group International Focus Equity ETF 11.8 54 -35 3.8 +0.1
ROAM Hartford Multifactor Emerging Markets ETF 11.6 44 -25 7.7 +4.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 11.6 95 -76 10.0 +6.3
EMXF iShares ESG Advanced MSCI EM ETF 11.6 16 3 6.8 +3.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 11.5 33 -14 6.8 +3.1
SCHE Schwab Emerging Markets Equity ETF 11.4 11 8 9.0 +5.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 11.3 35 -16 10.8 +7.1
EEM iShares MSCI Emerging Markets ETF 11.0 69 -50 7.7 +4.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 10.9 30 -11 8.0 +4.3
EMGF iShares Emerging Markets Equity Factor ETF 10.5 25 -6 8.9 +5.2
DGIN VanEck Digital India ETF 10.4 71 -52 1.4 -2.3
SPEM SPDR Portfolio Emerging Markets ETF 10.4 7 12 9.1 +5.4
DEXC Dimensional Emerging Markets ex China Core EquityETF 10.3 53 -34 5.3 +1.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 10.2 44 -25 8.8 +5.1
IEMG iShares Core MSCI Emerging Markets ETF 10.2 9 10 8.1 +4.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 10.1 88 -69 7.9 +4.2
EMDM First Trust Bloomberg Emerging Market Democracies ETF 9.9 75 -56 6.3 +2.6
AVSE Avantis Responsible Emerging Markets Equity ETF 9.8 33 -14 6.6 +3.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 9.7 59 -40 8.3 +4.6
ESGE iShares ESG Aware MSCI EM ETF 9.6 25 -6 8.2 +4.5
DFAE Dimensional Emerging Core Equity Market ETF 9.5 35 -16 6.9 +3.2
AVEM Avantis Emerging Markets Equity ETF 9.4 33 -14 7.0 +3.3
FDEM Fidelity Emerging Markets Multifactor ETF 9.1 25 -6 10.1 +6.4
PXH Invesco FTSE RAFI Emerging Markets ETF 8.7 49 -30 12.9 +9.2
EMC Global X Emerging Markets Great Consumer ETF 8.6 75 -56 7.0 +3.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 8.4 41 -22 6.7 +3.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 8.2 38 -19 6.9 +3.3
DFEV Dimensional Emerging Markets Value ETF 7.9 43 -24 9.6 +5.9
MEM Matthews Emerging Markets Equity Active ETF 7.7 79 -60 8.2 +4.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 7.5 39 -20 13.2 +9.5
EEMO Invesco S&P Emerging Markets Momentum ETF 7.3 29 -10 7.3 +3.7
MINV Matthews Asia Innovators Active ETF 7.0 79 -60 6.0 +2.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 6.2 50 -31 8.0 +4.3
IPAV Global X Infrastructure Development ex-U.S. ETF 6.0 55 -36 5.4 +1.7
JADE JPMorgan Active Developing Markets Equity ETF 5.8 65 -46 6.0 +2.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 5.0 18 1 6.2 +2.5
SMIN iShares MSCI India Small Cap ETF 4.8 79 -60 3.3 -0.4
ACWV iShares MSCI Global Min Vol Factor ETF 4.4 20 -1 5.5 +1.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 4.4 70 -51 6.1 +2.5
UEVM VictoryShares Emerging Markets Value Momentum ETF 4.3 45 -26 9.0 +5.4
DEM WisdomTree Emerging Markets High Dividend Fund 4.1 63 -44 10.4 +6.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.0 41 -22 6.0 +2.3
VEU Vanguard FTSE All-World ex-US Index Fund 3.7 4 15 6.5 +2.8
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.6 60 -41 6.1 +2.5
PICK iShares MSCI Global Metals & Mining Producers ETF 3.6 39 -20 7.5 +3.8
ACWX iShares MSCI ACWI ex U.S. ETF 3.5 34 -15 6.2 +2.5
VXUS Vanguard Total International Stock ETF 3.4 5 14 6.4 +2.8
IXUS iShares Core MSCI Total International Stock ETF 3.4 7 12 6.4 +2.7
VSGX Vanguard ESG International Stock ETF 3.2 10 9 6.4 +2.7
NXTG First Trust Indxx NextG ETF 3.1 70 -51 4.4 +0.7
JIVE JPMorgan International Value ETF 3.1 55 -36 8.1 +4.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.8 30 -11 6.1 +2.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 2.8 47 -28 4.8 +1.1
CWI SPDR MSCI ACWI ex-US ETF 2.7 30 -11 6.2 +2.5
FTAG First Trust Indxx Global Agriculture ETF 2.7 70 -51 6.7 +3.1
JIG JPMorgan International Growth ETF 2.6 55 -36 3.5 -0.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.6 65 -46 7.5 +3.8
CGGO Capital Group Global Growth Equity ETF 2.5 47 -28 4.2 +0.5
VIGI Vanguard International Dividend Appreciation ETF 2.3 10 9 5.8 +2.1
SCHY Schwab International Dividend Equity ETF 2.2 14 5 7.8 +4.1
FEM First Trust Emerging Markets AlphaDEX Fund 2.2 80 -61 8.7 +5.0
EYLD Cambria Emerging Shareholder Yield ETF 2.1 66 -47 9.0 +5.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.0 47 -28 7.3 +3.6
IQDF FlexShares International Quality Dividend Index Fund 1.9 47 -28 7.4 +3.7
AVEE Avantis Emerging Markets Small Cap Equity ETF 1.5 42 -23 7.3 +3.7
AQLT iShares MSCI Global Quality Factor ETF 1.5 18 1 0.0 -3.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.4 20 -1 4.7 +1.1
IGRO iShares International Dividend Growth ETF 1.4 15 4 6.4 +2.7
ACWI iShares MSCI ACWI ETF 1.3 32 -13 4.7 +1.0
VT Vanguard Total World Stock ETF 1.3 6 13 5.0 +1.4
DVYE iShares Emerging Markets Dividend ETF 1.3 49 -30 16.6 +13.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.3 42 -23 3.8 +0.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.3 60 -41 8.2 +4.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.2 12 7 4.5 +0.8
KNCT Invesco Next Gen Connectivity ETF 1.2 40 -21 3.8 +0.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.1 12 7 7.5 +3.9
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.1 67 -48 11.8 +8.1
VEGI iShares MSCI Agriculture Producers ETF 1.1 39 -20 7.2 +3.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.1 58 -39 8.0 +4.3
VYMI Vanguard International High Dividend Yield ETF 1.0 17 2 7.7 +4.0
KLMT Invesco MSCI Global Climate 500 ETF 1.0 10 9 5.0 +1.3
SDG iShares MSCI Global Sustainable Development Goals ETF 0.9 49 -30 4.5 +0.8
GLOF iShares Global Equity Factor ETF 0.8 20 -1 5.6 +2.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.8 46 -27 7.3 +3.6
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.8 75 -56 2.3 -1.4
DWX SPDR S&P International Dividend ETF 0.7 45 -26 6.4 +2.7
EDIV SPDR S&P Emerging Markets Dividend ETF 0.7 49 -30 8.3 +4.6
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.6 78 -59 9.2 +5.6
JGLO JPMorgan Global Select Equity ETF 0.6 33 -14 4.2 +0.5
FTRI First Trust Indxx Global Natural Resources Income ETF 0.5 70 -51 5.8 +2.1
ICLN iShares Global Clean Energy ETF 0.5 41 -22 1.9 -1.8
DGT State Street SPDR Global Dow ETF 0.5 50 -31 5.6 +2.0
OBOR KraneShares MSCI One Belt One Road Index ETF 0.5 79 -60 6.5 +2.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 -10 8.2 +4.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 10 4.9 +1.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 -46 6.5 +2.8
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.3 10 9 7.5 +3.8
PID Invesco International Dividend Achievers ETF 0.3 53 -34 3.9 +0.2
CGW Invesco S&P Global Water Index ETF 0.3 57 -38 4.0 +0.3
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 -26 4.3 +0.7
AVRE Avantis Real Estate ETF 0.2 17 2 6.7 +3.0
ERTH Invesco MSCI Sustainable Future ETF 0.2 62 -43 2.9 -0.8
REET iShares Global REIT ETF 0.2 14 5 6.9 +3.2
DFGR Dimensional Global Real Estate ETF 0.2 22 -3 6.9 +3.2
DEW WisdomTree Global High Dividend Fund 0.2 58 -39 7.1 +3.4
PIO Invesco Global Water ETF 0.1 75 -56 3.8 +0.1

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 14.5 %
Divided by: Fwd. P/BV 3.8 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 3.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.50 CATEGORY
AVERAGE		 1.52
 
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.