Franklin FTSE Italy ETF
ALTAR
Score™
6.2% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
11.9x P/Sales
ratio
0.9x
P/BV
ratio
1.1x Div.
yield
4.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Franklin FTSE Italy ETF tracks a market-cap-selected and -weighted index of Italian equities.

FUND BASICS
Category International Equities
Fund Sponsor Franklin Templeton
Website www.libertyshares.com
Inception date Nov 02, 2017
Assets (mns) $13
Currency USD
Expense ratio 9 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 40
Wgt avg mkt cap (mns) $33,611
Large cap (>$10bn) 80.7%
Mid cap ($2-10bn) 19.3%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ENEL SPA 16.4 %
INTESA SANPAOLO S.P.A. 9.7 %
ENI SPA 8.3 %
UNICREDIT S.P.A. 8.1 %
ASSICURAZIONI GENERALI 6.3 %
FERRARI NV 4.6 %
FIAT CHRYSLER AUTOMOBILES NV 3.3 %
SNAM RETE GAS 3.2 %
ATLANTIA SPA 3.2 %
TERNA SPA 2.7 %
Total 65.7 %

TOP COUNTRY EXPOSURE
ITALY 89.0 %
BRITAIN 5.8 %
NETHERLANDS 2.3 %
LUXEMBOURG 1.3 %







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.
-2.6% 15.1% -- -- 0.9%

Market Correlations
versus... Beta R-squared
S&P500 0.90 42%
MSCI EAFE 1.38 76%
MSCI Emg. Mkts. 0.99 67%

Technical Indicators
Recent close $25.48
30d moving avg. $25.00
Annualized volatility 19.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $1,835

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Franklin FTSE Italy ETF ETF based on the alternatives' overlap in portfolio holdings with FLIY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FLIY Expense: 9 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLIY
Ticker Fund
Name
Overlap1
vs FLIY
(%)
Expense
ratio
(bp)
Savings
vs FLIY
(bp)
ALTAR
Score™
(%)
ALTAR
vs FLIY
(%)
EWI iShares MSCI Italy 85.7 49 -40 6.2 +0.0
FEUZ First Trust Eurozone AlphaDex 11.3 80 -71 6.9 +0.7
FDD First Trust STOXX European Select Dividend 10.5 57 -48 7.0 +0.8
LVHI Legg Mason International Low Volatility High Dividend 8.8 40 -31 8.5 +2.3
SMEZ SPDR Euro Stoxx Small Cap 8.8 45 -36 5.2 -1.1
RIDV Invesco International Ultra Dividend Revenue ETF 8.7 42 -33 9.2 +3.0
DMDV AAM S&P Developed Markets High Dividend Value 8.3 39 -30 10.1 +3.9
JPEU JPMorgan Diversified Return Europe Equity 7.4 37 -28 6.3 +0.0
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 7.3 58 -49 7.1 +0.8
EZU iShares MSCI Euro Monetary Union 7.3 49 -40 6.5 +0.2
FEP First Trust Europe AlphaDEX 7.3 80 -71 7.1 +0.9
GVAL Cambria Global Value 7.3 69 -60 9.4 +3.2
EUFN iShares MSCI Europe Financial Sector 7.1 48 -39 8.6 +2.4
EURZ Xtrackers Eurozone Equity 6.9 9 0 6.8 +0.6
DBEZ Xtrackers MSCI EMU Hedged 6.8 45 -36 6.1 -0.1
FPXE First Trust IPOX Europe Equity Opportunities 6.7 70 -61 3.7 -2.5
SCID Global X Scientific Beta Europe 6.0 38 -29 6.1 -0.1
IGF iShares S&P Global Infrastructure 5.9 46 -37 4.5 -1.8
GII SPDR FTSE/Macquarie Global Infrastructure 5.9 40 -31 4.5 -1.7
JXI iShares S&P Global Utilities 5.8 46 -37 4.8 -1.4

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

  2015 2016 2017 2018 2019 2020E 2021E
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
  2019 2020E 2021E
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 Italy 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 6.9 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.64
 
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.