Franklin FTSE South Korea ETF
ALTAR
Score™
12.2% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
9.9x P/Sales
ratio
0.5x
P/BV
ratio
0.7x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
FLKR tracks a market-cap-weighted index of large- and midcap South Korean companies. lf

FUND BASICS
Category International Equities
Fund Sponsor Franklin Templeton
Website www.libertyshares.com
Inception date Nov 02, 2017
Assets (mns) $12
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 136
Wgt avg mkt cap (mns) $61,563
Large cap (>$10bn) 64.8%
Mid cap ($2-10bn) 26.2%
Small cap (<$2bn) 9.0%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
SAMSUNG ELECTRONICS CO LTD 16.4 %
HYNIX SEMICONDUCTOR INC 8.0 %
CELLTRION INC 4.4 %
NHN CORP 4.2 %
LG CHEM LTD 2.6 %
SHINHAN FINANCIAL GROUP LTD 2.5 %
KB FINANCIAL GROUP INC 2.5 %
SAMSUNG ELECTRONICS-PFD 2.4 %
SAMSUNG SDI CO LTD 2.4 %
HYUNDAI MOTOR CO 2.3 %
Total 47.8 %

TOP COUNTRY EXPOSURE
SOUTH KOREA 97.9 %










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.
-23.7% -19.7% -- -- -15.8%

Market Correlations
versus... Beta R-squared
S&P500 0.86 48%
MSCI EAFE 1.04 65%
MSCI Emg. Mkts. 0.95 78%

Technical Indicators
Recent close $16.54
30d moving avg. $17.73
Annualized volatility 21.3%
Short interest (ETF) 1.5%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 15
Turnover 2.1%
Bid/Ask (% of price) 0.64%
ADV underlying (mns) $4,414

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Franklin FTSE South Korea ETF ETF based on the alternatives' overlap in portfolio holdings with FLKR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FLKR Expense: 9 bp ALTAR Score™: 12.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLKR
Ticker Fund
Name
Overlap1
vs FLKR
(%)
Expense
ratio
(bp)
Savings
vs FLKR
(bp)
ALTAR
Score™
(%)
ALTAR
vs FLKR
(%)
EWY iShares MSCI South Korea ETF 86.3 59 -50 11.7 -0.6
FKO First Trust South Korea AlphadDEX Fund 42.6 80 -71 12.3 +0.1
BICK First Trust BICK Index Fund 26.7 64 -55 6.2 -6.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 22.3 80 -71 11.6 -0.6
AIA iShares Asia 50 ETF 22.0 50 -41 10.0 -2.2
FRDM Freedom 100 Emerging Markets ETF 21.8 49 -40 9.2 -3.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 21.7 49 -40 10.2 -2.1
DOGS Arrow Dogs of the World ETF 20.9 134 -125 14.2 +2.0
EMXC iShares MSCI Emerging Markets ex China ETF 19.7 49 -40 10.3 -1.9
XCEM Columbia EM Core ex-China ETF 17.4 16 -7 9.5 -2.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 15.2 49 -40 11.3 -0.9
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 15.2 45 -36 16.1 +3.9
EEMA iShares MSCI Emerging Markets Asia ETF 14.6 50 -41 9.9 -2.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 12.8 68 -59 9.3 -2.9
FLAX Franklin FTSE Asia Ex Japan ETF 12.8 19 -10 9.9 -2.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 12.7 30 -21 10.2 -2.1
JHEM John Hancock Multifactor Emerging Markets ETF 12.7 55 -46 10.6 -1.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 12.5 45 -36 10.2 -2.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 12.3 32 -23 8.3 -3.9
DVEM WisdomTree Emerging Markets Dividend Fund 12.0 32 -23 10.8 -1.4
ESGE iShares ESG MSCI EM ETF 11.6 25 -16 11.4 -0.8
EEM iShares MSCI Emerging Markets ETF 11.6 68 -59 9.9 -2.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 11.1 65 -56 10.0 -2.3
AXJL WisdomTree Asia Pacific ex-Japan Fund 11.0 48 -39 10.9 -1.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 10.7 59 -50 13.0 +0.8
IEMG iShares Core MSCI Emerging Markets ETF 10.7 14 -5 10.4 -1.8
EMCG WisdomTree Emerging Markets Consumer Growth Fund 10.6 32 -23 9.1 -3.1
FDEM Fidelity Targeted Emerging Markets Factor ETF 10.2 45 -36 11.6 -0.6
LVHE Legg Mason Emerging Markets Low Volatility High Dividend ETF 10.2 51 -42 13.8 +1.6
NUEM Nuveen ESG Emerging Markets Equity ETF 10.1 45 -36 9.2 -3.1
VPL Vanguard FTSE Pacific ETF 9.6 8 1 9.6 -2.7
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 9.6 45 -36 11.7 -0.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 9.6 32 -23 11.3 -0.9
IDRV iShares Self-driving EV & Tech ETF 8.9 47 -38 9.9 -2.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 8.8 95 -86 12.2 -0.1
KMED KraneShares Emerging Markets Healthcare Index ETF 8.6 79 -70 3.1 -9.1
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 8.3 64 -55 7.7 -4.6
IDLB Invesco FTSE International Low Beta Equal Weight ETF 8.3 45 -36 8.5 -3.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 8.0 30 -21 10.7 -1.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 8.0 86 -77 3.4 -8.9
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 7.7 80 -71 2.2 -10.1
DRIV Global X Autonomous & Electric Vehicles ETF 7.6 68 -59 8.3 -4.0
ROAM Hartford Multifactor Emerging Markets ETF 7.4 44 -35 17.8 +5.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 7.2 40 -31 8.9 -3.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 7.2 29 -20 12.4 +0.1
AVEM Avantis Emerging Markets Equity ETF 7.1 33 -24 11.6 -0.7
JPGE JPMorgan Diversified Return Global Equity ETF 6.7 29 -20 9.0 -3.2
ISDX Invesco Strategic Developed ex-US ETF 6.5 23 -14 9.7 -2.5
FNDF Schwab Fundamental International Large Co. Index ETF 6.2 25 -16 10.8 -1.4
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 6.2 25 -16 9.7 -2.6
EKAR Innovation Shares NextGen Vehicles & Technology ETF 5.7 65 -56 12.4 +0.2
BLOK Amplify Transformational Data Sharing ETF 5.7 70 -61 4.8 -7.4
SOCL Global X Social Media ETF 5.7 65 -56 3.5 -8.8
VIDI Vident International Equity Fund 5.6 59 -50 14.8 +2.5
JPIN JPMorgan Diversified Return International Equity ETF 5.6 38 -29 9.6 -2.6
FDNI First Trust Dow Jones International Internet ETF 5.5 65 -56 4.0 -8.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 5.5 49 -40 9.0 -3.2
FDT First Trust Developed Markets ex-US Alphadex Fund 5.5 80 -71 11.0 -1.3
MOTO SmartETFs Smart Transportation & Technology ETF 5.2 68 -59 11.6 -0.6
LIT Global X Lithium & Battery Tech ETF 4.9 75 -66 5.2 -7.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 4.7 20 -11 9.1 -3.2
HFXI IQ 50 Percent Hedged FTSE International ETF 4.6 20 -11 9.2 -3.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 4.6 45 -36 11.1 -1.1
EMMF WisdomTree Emerging Markets Multifactor Fund 4.5 48 -39 11.9 -0.4
TPIF Timothy Plan International ETF 4.5 62 -53 8.6 -3.7
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 4.4 7 2 9.3 -3.0
RNDM Developed International Equity Select ETF 4.2 65 -56 8.0 -4.3
VIGI Vanguard International Dividend Appreciation ETF 4.1 25 -16 6.9 -5.3
SCHF Schwab International Equity ETF 4.1 6 3 9.1 -3.2
FONE First Trust Indxx NextG ETF 4.1 70 -61 7.4 -4.8
IXN iShares Global Tech ETF 3.9 46 -37 6.0 -6.2
ISDS Invesco Strategic Developed ex-US Small Company ETF 3.9 35 -26 7.6 -4.6
CIZ Victory CEMP Developed Enhanced Volatility Weighted Index ET 3.8 45 -36 9.0 -3.3
CIL Victory CEMP International Volatility Weighted Index ETF 3.8 45 -36 8.9 -3.3
AIQ Global X Future Analytics Tech ETF 3.8 68 -59 5.7 -6.5
IRBO iShares Robotics & Artificial Intelligence ETF 3.7 47 -38 3.8 -8.4
CARZ First Trust NASDAQ Global Auto Index Fund 3.6 70 -61 19.5 +7.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 3.6 65 -56 15.0 +2.8
VEA Vanguard FTSE Developed Markets ETF 3.6 5 4 9.2 -3.0
ACWX iShares MSCI ACWI ex U.S. ETF 3.2 32 -23 9.1 -3.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.1 40 -31 9.0 -3.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 3.0 70 -61 8.4 -3.8
FID First Trust S&P International Dividend Aristocrats ETF 2.9 60 -51 11.4 -0.9
DEM WisdomTree Emerging Markets High Dividend Fund 2.9 63 -54 16.7 +4.5
FNDC Schwab Fundamental International Small Co. Index ETF 2.9 39 -30 9.2 -3.0
LOUP Innovator Loup Frontier Tech ETF 2.9 70 -61 4.8 -7.4
IXUS ishares Core MSCI Total International Stock ETF 2.9 9 0 9.3 -3.0
LVIN Hartford Multifactor Low Volatility International Equity ETF 2.9 29 -20 14.4 +2.2
VXUS Vanguard Total International Stock Index Fund 2.8 8 1 9.5 -2.8
PICK iShares MSCI Global Metals & Mining Producers ETF 2.8 39 -30 10.7 -1.5
VSGX Vanguard ESG International Stock ETF 2.7 17 -8 8.9 -3.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.7 63 -54 16.2 +4.0
WDIV SPDR Global Dividend ETF 2.7 40 -31 12.2 -0.1
LNGR Global X Longevity Thematic ETF 2.6 50 -41 4.3 -8.0
GAMR ETFMG Video Game Tech ETF 2.5 75 -66 5.0 -7.2
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.4 80 -71 14.3 +2.1
GDAT Goldman Sachs Motif Data-Driven World Etf 2.4 50 -41 6.7 -5.5
VEU Vanguard FTSE All-World ex-US Index Fund 2.4 8 1 9.4 -2.8
HERO Global X Video Games & Esports ETF 2.3 50 -41 4.0 -8.2
ESPO VanEck Vectors Video Gaming & eSports ETF 2.3 55 -46 3.6 -8.6

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 South Korea ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.1 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 12.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.27 CATEGORY
AVERAGE
1.58
 
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.