Franklin LibertyQ U.S. Equity
ALTAR
Score™
6.8% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
17.7x P/Sales
ratio
2.0x
P/BV
ratio
4.5x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Franklin LibertyQ U.S. Equity ETF tracks a multi-factor US large-cap index. Stocks are selected and weighted based on a combination of quality, value, momentum, and low-volatility factors.

FUND BASICS
Category US Equities
Fund Sponsor Franklin ETF Trust
Website www.libertyshares.com
Inception date Apr 26, 2017
Assets (mns) $1,355
Currency USD
Expense ratio 15 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Multi-Factor
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 248
Wgt avg mkt cap (mns) $122,352
Large cap (>$10bn) 91.3%
Mid cap ($2-10bn) 8.8%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BRISTOL-MYERS SQUIBB CO 1.4 %
APPLE INC 1.4 %
TARGET CORP 1.3 %
AMGEN INC 1.2 %
INTEL CORP 1.1 %
NIKE INC -CL B 1.1 %
AT&T INC 1.1 %
COSTCO WHOLESALE CORP 1.1 %
ROSS STORES INC 1.1 %
MICROSOFT CORP 1.1 %
Total 11.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.6 %
IRELAND 1.0 %
BRITAIN 0.9 %
SWITZERLAND 0.3 %
BERMUDA 0.2 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
25.8% 15.0% -- -- 14.1%

Market Correlations
versus... Beta R-squared
S&P500 0.87 92%
MSCI EAFE 0.76 56%
MSCI Emg. Mkts. 0.52 42%

Technical Indicators
Recent close $34.44
30d moving avg. $33.92
Annualized volatility 11.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 111
Turnover 0.3%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $64,878

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FLQL Expense: 15 bp ALTAR Score™: 6.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLQL
Ticker Fund
Name
Overlap1
vs FLQL
(%)
Expense
ratio
(bp)
Savings
vs FLQL
(bp)
ALTAR
Score™
(%)
ALTAR
vs FLQL
(%)
JQUA JPMorgan U.S. Quality Factor 50.4 12 3 5.8 -1.1
QARP Xtrackers Russell 1000 US QARP 49.3 19 -4 6.4 -0.5
DYNF BlackRock U.S. Equity Factor Rotation 46.7 30 -15 6.4 -0.4
QUS SPDR MSCI USA Quality Mix 45.0 15 0 5.9 -0.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity 44.8 29 -14 6.2 -0.6
EQWL Invesco Fundamental Pure Large Core 43.2 25 -10 6.3 -0.6
FQAL Fidelity Quality Factor 43.1 29 -14 5.7 -1.1
OUSA O'Shares FTSE U.S. Quality Dividend 42.5 48 -33 5.9 -0.9
OQAL Invesco Russell 1000 Quality Factor ETF 42.3 19 -4 5.3 -1.6
USDY Pacific Global US Equity Income 42.0 29 -14 7.4 +0.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity 42.0 9 6 6.1 -0.8
SPXN ProShares S&P 500 Ex-Financials 42.0 27 -12 5.9 -1.0
DLN WisdomTree Large Cap Dividend 41.7 28 -13 6.5 -0.4
DTD WisdomTree Total Dividend 41.5 28 -13 6.5 -0.3
ROUS Lattice U.S. Equity Strategy ETF 41.0 19 -4 6.4 -0.5
IUS Invesco Strategic US 40.5 19 -4 6.0 -0.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 40.5 75 -60 4.7 -2.2
DIVB iShares U.S. Dividend & Buyback 40.1 25 -10 6.6 -0.3
VYM Vanguard High Dividend Yield ETF 39.8 6 9 7.2 +0.3
EPS WisdomTree Earnings 500 39.6 8 7 6.8 -0.0

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

Content on this tab for subscribers only

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 LibertyQ U.S. Equity
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 27.0 %
Divided by: Fwd. P/BV 3.9 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 CATEGORY
AVERAGE
1.56
 
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.