Franklin LibertyQ U.S. Equity ETF
ALTAR
Score™
6.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.0x P/Sales
ratio
2.1x
P/BV
ratio
4.5x Div.
yield
2.5%


  • 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) $1,393
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 247
Wgt avg mkt cap (mns) $127,695
Large cap (>$10bn) 92.7%
Mid cap ($2-10bn) 7.2%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 1.3 %
APPLE INC 1.3 %
GILEAD SCIENCES INC 1.2 %
HOME DEPOT INC 1.2 %
INTUIT INC 1.2 %
FACEBOOK 1.2 %
NEXTERA ENERGY GROUP 1.2 %
INTEL CORP 1.2 %
JOHNSON & JOHNSON 1.2 %
AMERICAN TOWER CORP-CL A 1.2 %
Total 12.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.6 %
IRELAND 1.1 %
BRITAIN 0.6 %
SWITZERLAND 0.3 %
BERMUDA 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.5% 8.2% -- -- 9.8%

Market Correlations
versus... Beta R-squared
S&P500 0.92 96%
MSCI EAFE 0.90 78%
MSCI Emg. Mkts. 0.66 65%

Technical Indicators
Recent close $33.12
30d moving avg. $30.82
Annualized volatility 16.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 267
Turnover 0.6%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $110,075

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Franklin LibertyQ U.S. Equity ETF 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™: 6.2%


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 ETF 54.1 12 3 5.2 -1.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 48.4 19 -4 5.6 -0.6
FQAL Fidelity Quality Factor ETF 46.5 29 -14 5.4 -0.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 46.1 29 -14 6.1 -0.2
QUS SPDR MSCI USA StrategicFactors ETF 45.7 15 0 5.8 -0.4
USDY Pacific Global US Equity Income ETF 45.0 29 -14 7.6 +1.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 44.9 30 -15 6.6 +0.4
DLN WisdomTree U.S. LargeCap Dividend Fund 44.6 28 -13 6.3 +0.1
OUSA O'Shares FTSE US Quality Dividend ETF 44.5 48 -33 5.6 -0.6
DTD WisdomTree U.S.Total Dividend Fund 44.0 28 -13 6.5 +0.3
ROUS Hartford Multifactor US Equity ETF 43.0 19 -4 7.1 +0.9
EQWL Invesco Russell Top 200 Equal Weight ETF 43.0 25 -10 5.9 -0.3
VYM Vanguard High Dividend Yield Index ETF 42.7 6 9 7.1 +0.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 42.3 9 6 5.5 -0.7
PFM Invesco Dividend Achievers ETF 42.3 54 -39 5.3 -0.9
DGRO iShares Core Dividend Growth ETF 42.0 8 7 6.4 +0.2
IUS Invesco Strategic US ETF 41.9 19 -4 6.1 -0.1
RECS Columbia Research Enhanced Core ETF 41.7 15 0 5.6 -0.6
SCHV Schwab U.S. Large-Cap Value ETF 41.6 4 11 7.0 +0.8
PBP Invesco S&P 500 BuyWrite ETF 41.6 49 -34 5.1 -1.1
SPXN ProShares S&P 500 Ex-Financials ETF 41.5 27 -12 5.1 -1.1
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 41.5 29 -14 4.3 -1.9
EPS WisdomTree U.S. Earnings 500 Fund 41.4 8 7 6.4 +0.2
DIVB iShares U.S. Dividend & Buyback ETF 41.3 25 -10 6.4 +0.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 41.1 25 -10 6.4 +0.2
HSPX Global X S&P 500 Covered Call ETF 40.7 65 -50 4.9 -1.3
AFLG First Trust Active Factor Large Cap ETF 40.3 55 -40 5.5 -0.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 40.0 19 -4 6.1 -0.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 39.3 25 -10 6.4 +0.2
ESGU iShares MSCI USA ESG Optimized ETF 39.2 15 0 5.1 -1.1
JHML John Hancock Multifactor Large Cap ETF 39.1 34 -19 5.5 -0.7
SPLG SPDR Portfolio Large Cap ETF 39.0 3 12 5.5 -0.8
IVV iShares Core S&P 500 ETF 38.9 4 11 5.4 -0.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 38.9 20 -5 5.4 -0.8
SPY SPDR S&P 500 ETF Trust 38.9 9 6 5.4 -0.8
VOO VANGUARD S&P 500 ETF 38.7 3 12 5.5 -0.7
SPXE ProShares S&P 500 Ex-Energy ETF 38.6 27 -12 5.4 -0.8
MGC Vanguard Mega Cap Index Fund 38.4 7 8 5.3 -0.9
VV Vanguard Large-Cap Index Fund 38.2 4 11 5.3 -0.9
PBUS Invesco PureBeta MSCI USA ETF 38.1 4 11 5.3 -0.9
RNLC Large Cap US Equity Select ETF 38.0 60 -45 6.1 -0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 37.8 2 13 5.4 -0.8
SPXT ProShares S&P 500 Ex-Technology ETF 37.7 27 -12 5.6 -0.6
IWL iShares Russell Top 200 ETF 37.7 15 0 5.1 -1.1
PRF Invesco FTSE RAFI US 1000 ETF 37.7 39 -24 6.7 +0.5
SCHX Schwab U.S. Large-Cap ETF 37.6 3 12 5.3 -0.9
USMV iShares Edge MSCI Min Vol USA ETF 37.6 15 0 5.6 -0.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 37.4 20 -5 5.0 -1.2
SPXV ProShares S&P 500 Ex-Health Care ETF 37.4 27 -12 5.1 -1.1
SPTM SPDR Portfolio Total Stock Market ETF 37.2 3 12 5.5 -0.7
IWB iShares Russell 1000 ETF 37.2 15 0 5.2 -1.0
RAFE PIMCO RAFI ESG U.S. ETF 37.2 29 -14 7.6 +1.4
FDLO Fidelity Low Volatility Factor ETF 37.1 29 -14 5.2 -1.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 37.0 75 -60 3.6 -2.6
QUAL iShares MSCI Usa Quality Factor ETF 37.0 15 0 5.4 -0.9
RNDV US Equity Dividend Select ETF 37.0 50 -35 7.5 +1.3
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 37.0 75 -60 6.0 -0.2
VONE Vanguard Russell 1000 ETF 36.8 8 7 5.3 -0.9
SUSL iShares ESG MSCI USA Leaders ETF 36.8 10 5 5.4 -0.8
SCHK Schwab 1000 Index ETF 36.8 5 10 5.3 -0.9
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 36.8 10 5 5.4 -0.8
DSI iShares MSCI KLD 400 Social ETF 36.7 25 -10 5.2 -1.0
DGRW WisdomTree U.S. Quality Dividend Growth Fund 36.7 28 -13 6.5 +0.3
SPYV SPDR Portfolio S&P 500 Value ETF 36.7 4 11 7.2 +1.0
IVE iShares S&P 500 Value ETF 36.6 18 -3 7.1 +0.8
AVUS Avantis U.S. Equity ETF 36.6 15 0 5.7 -0.5
IYY iShares Dow Jones U.S. ETF 36.5 20 -5 5.2 -1.0
VOOV Vanguard S&P 500 Value ETF 36.4 15 0 7.1 +0.9
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 36.2 15 0 6.3 +0.1
OEF iShares S&P 100 ETF 36.0 20 -5 4.9 -1.3
SNPE Xtrackers S&P 500 ESG ETF 36.0 11 4 5.2 -1.0
CATH Global X S&P 500 Catholic Values Custom ETF 35.9 29 -14 5.3 -0.9
IQSU IQ Candriam ESG US Equity ETF 35.9 9 6 5.2 -1.0
JMIN JPMorgan U.S. Minimum Volatility ETF 35.8 12 3 5.7 -0.5
LVUS Hartford Multifactor Low Volatility US Equity ETF 35.8 19 -4 5.9 -0.3
IUSV iShares Core S&P U.S. Value ETF 35.7 4 11 7.3 +1.1
EXT WisdomTree U.S. Total Earnings Fund 35.6 28 -13 5.7 -0.5
SCIU Global X Scientific Beta US ETF 35.3 19 -4 5.6 -0.6
VTI Vanguard Total Stock Market Index Fund 35.3 3 12 5.2 -1.0
IWV iShares Russell 3000 ETF 35.3 20 -5 5.1 -1.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 35.3 12 3 5.1 -1.2
SCHB Schwab U.S. Broad Market ETF 35.2 3 12 5.3 -0.9
KRMA Global X Conscious Companies ETF 35.2 43 -28 5.2 -1.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 35.1 3 12 5.2 -1.0
QDF FlexShares Quality Dividend Index Fund 35.1 37 -22 6.8 +0.6
VTHR Vanguard Russell 3000 Index Fund 35.0 10 5 5.2 -1.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 35.0 49 -34 4.1 -2.1
VTV Vanguard Value Index Fund 34.8 4 11 7.2 +1.0
RWL Invesco S&P 500 Revenue ETF 34.8 39 -24 6.7 +0.5
CLRG IQ Chaikin U.S. Large Cap ETF 34.7 25 -10 6.0 -0.2
DEF Invesco Defensive Equity ETF 34.6 55 -40 5.0 -1.2
FDRR Fidelity Dividend ETF for Rising Rates 34.6 29 -14 6.9 +0.7
QWLD SPDR MSCI World StrategicFactors ETF 34.3 30 -15 6.0 -0.2
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 34.3 17 -2 6.4 +0.2
JDIV JPMorgan U.S. Dividend ETF 34.0 12 3 7.8 +1.6
DSTL Distillate US Fundamental Stability & Value ETF 33.9 39 -24 6.4 +0.2
PSET Principal Price Setters Index ETF 33.8 29 -14 4.6 -1.6
FLLV Franklin Liberty U.S. Low Volatility ETF 33.6 29 -14 5.6 -0.6
VALQ American Century STOXX U.S. Quality Value ETF 33.5 29 -14 8.7 +2.5
ESG FlexShares STOXX US ESG Impact Index Fund 33.3 32 -17 5.1 -1.1

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

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

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 26.7 %
Divided by: Fwd. P/BV 4.2 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.53
 
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.