Franklin FTSE South Korea
ALTAR
Score™
9.7% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
14.5x P/Sales
ratio
0.7x
P/BV
ratio
0.9x Div.
yield
2.2%


  • 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) $15
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 138
Wgt avg mkt cap (mns) $78,078
Large cap (>$10bn) 69.8%
Mid cap ($2-10bn) 24.5%
Small cap (<$2bn) 5.8%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
SAMSUNG ELECTRONICS CO LTD 18.6 %
HYNIX SEMICONDUCTOR INC 7.3 %
NHN CORP 3.6 %
SAMSUNG ELECTRONICS-PFD 2.7 %
KB FINANCIAL GROUP INC 2.6 %
SHINHAN FINANCIAL GROUP LTD 2.6 %
CELLTRION INC 2.6 %
HYUNDAI MOTOR CO 2.4 %
POSCO 2.3 %
HYUNDAI MOBIS 2.3 %
Total 47.2 %

TOP COUNTRY EXPOSURE
SOUTH KOREA 98.4 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
8.7% 8.7% -- -- -6.0%

Market Correlations
versus... Beta R-squared
S&P500 0.91 42%
MSCI EAFE 1.31 67%
MSCI Emg. Mkts. 1.10 78%

Technical Indicators
Recent close $21.95
30d moving avg. $21.33
Annualized volatility 20.2%
Short interest (ETF) 1.9%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.4%
Bid/Ask (% of price) 0.33%
ADV underlying (mns) $2,933

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Franklin FTSE South Korea 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™: 9.7%


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 Korea 86.8 59 -50 9.1 -0.6
FKO First Trust South Korea AlphaDEX 42.5 80 -71 11.3 +1.7
AIA iShares S&P Asia 50 23.2 50 -41 8.6 -1.1
BICK First Trust BICK Index Fund 23.1 64 -55 5.0 -4.7
FPA First Trust Asia Pac Ex-Japan AlphaDEX 21.9 80 -71 8.4 -1.3
FRDM Freedom 100 Emerging Markets ETF 20.7 49 -40 7.7 -2.0
KEMX KraneShares MSCI Emerging Markets EX China Index 19.8 49 -40 8.1 -1.6
EMXC iShares MSCI Emerging Markets ex China 17.9 49 -40 8.1 -1.6
DOGS Arrow Dogs of the World 17.5 164 -155 10.1 +0.4
EEMA iShares MSCI Emg Mkts Asia 15.7 50 -41 8.0 -1.6
XCEM Columbia EM Core ex-China 15.7 16 -7 7.3 -2.4
REEM Invesco Emerging Markets Revenue ETF 15.4 46 -37 11.2 +1.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity 15.2 49 -40 8.5 -1.2
UEVM USAA MSCI Emerging Markets Value Momentum Blend Index 14.8 45 -36 12.6 +2.9
JHEM John Hancock Multifactor Emerging Markets 13.7 55 -46 8.2 -1.4
AAXJ iShares MSCI Asia ex-Japan 13.6 67 -58 7.5 -2.2
FLAX Franklin FTSE Asia Ex Japan 13.5 19 -10 8.0 -1.7
GEM Goldman Sachs ActiveBeta Emg Mkts Equity 13.4 45 -36 8.5 -1.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free 12.9 30 -21 8.0 -1.7
XSOE WisdomTree Emg Mkt ex-SOE 12.3 32 -23 6.4 -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%.

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RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
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
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 8.4 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 9.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.29 CATEGORY
AVERAGE
1.63
 
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.