Franklin LibertyQ U.S. Equity ETF
ALTAR
Score™
5.9% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
21.8x P/Sales
ratio
2.8x
P/BV
ratio
5.6x Div.
yield
2.0%


  • 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) $1,526
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 254
Wgt avg mkt cap (mns) $167,590
Large cap (>$10bn) 95.4%
Mid cap ($2-10bn) 4.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ELI LILLY & CO 1.4 %
APPLIED MATERIALS INC 1.2 %
LAM RESEARCH CORP 1.2 %
INTEL CORP 1.1 %
APPLE INC 1.1 %
NEXTERA ENERGY GROUP 1.1 %
AMGEN INC 1.1 %
JOHNSON & JOHNSON 1.1 %
QUALCOMM INC 1.1 %
TEXAS INSTRUMENTS INC 1.0 %
Total 11.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.5 %
IRELAND 1.5 %
BRITAIN 0.5 %
SWITZERLAND 0.3 %
LUXEMBOURG 0.0 %






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.
10.7% 10.7% -- -- 13.6%

Market Correlations
versus... Beta R-squared
S&P500 0.90 96%
MSCI EAFE 0.82 78%
MSCI Emg. Mkts. 0.65 64%

Technical Indicators
Recent close $38.48
30d moving avg. $37.91
Annualized volatility 17.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 114
Turnover 0.3%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $108,766

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 5.9%


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 56.6 12 3 5.1 -0.9
QUS SPDR MSCI USA StrategicFactors ETF 49.5 15 0 5.3 -0.7
ROUS Hartford Multifactor US Equity ETF 46.9 19 -4 5.8 -0.1
ESGV Vanguard ESG U.S. Stock ETF 46.8 12 3 4.5 -1.5
EQWL Invesco Russell Top 200 Equal Weight ETF 46.0 25 -10 5.6 -0.3
FQAL Fidelity Quality Factor ETF 45.5 29 -14 5.0 -1.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 45.5 30 -15 5.1 -0.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 44.7 9 6 4.8 -1.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 44.6 19 -4 5.3 -0.6
DLN WisdomTree U.S. LargeCap Dividend Fund 44.0 28 -13 6.1 +0.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 43.5 30 -15 5.3 -0.7
EPS WisdomTree U.S. Earnings 500 Fund 43.2 8 7 5.9 -0.0
DTD WisdomTree U.S.Total Dividend Fund 43.2 28 -13 6.2 +0.3
DGRW WisdomTree U.S. Quality Dividend Growth Fund 43.2 28 -13 6.0 +0.1
QUAL iShares MSCI Usa Quality Factor ETF 42.9 15 0 5.0 -1.0
AFLG First Trust Active Factor Large Cap ETF 42.5 55 -40 4.7 -1.3
OUSA O'Shares FTSE US Quality Dividend ETF 42.1 48 -33 5.5 -0.5
SPXN ProShares S&P 500 Ex-Financials ETF 41.7 27 -12 4.3 -1.6
SCHV Schwab U.S. Large-Cap Value ETF 41.3 4 11 6.1 +0.1
PFM Invesco Dividend Achievers ETF 41.3 53 -38 5.0 -0.9
VOOV Vanguard S&P 500 Value ETF 40.9 10 5 6.6 +0.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 40.5 20 -5 4.8 -1.2
DGRO iShares Core Dividend Growth ETF 40.5 8 7 6.0 +0.1
DIVB iShares U.S. Dividend & Buyback ETF 40.4 25 -10 5.9 -0.0
VYM Vanguard High Dividend Yield Index ETF 40.4 6 9 6.7 +0.7
JCTR JPMorgan Carbon Transition U.S. Equity ETF 40.3 15 0 4.7 -1.3
PBP Invesco S&P 500 BuyWrite ETF 40.3 49 -34 4.3 -1.6
USMV iShares Edge MSCI Min Vol USA ETF 39.9 15 0 5.3 -0.6
XYLG Global X S&P 500 Covered Call & Growth ETF 39.8 60 -45 4.4 -1.6
SPXE ProShares S&P 500 Ex-Energy ETF 39.8 27 -12 4.6 -1.3
RNLC Large Cap US Equity Select ETF 39.6 60 -45 5.2 -0.7
JHML John Hancock Multifactor Large Cap ETF 39.6 29 -14 4.9 -1.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 39.6 15 0 0.0 -5.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 39.4 20 -5 4.6 -1.4
SPY SPDR S&P 500 ETF Trust 39.3 9 6 4.7 -1.3
MGC Vanguard Mega Cap Index Fund 39.3 7 8 4.6 -1.4
IVV iShares Core S&P 500 ETF 39.3 3 12 4.7 -1.2
SPLG SPDR Portfolio Large Cap ETF 39.2 3 12 4.7 -1.2
FDLO Fidelity Low Volatility Factor ETF 39.1 29 -14 4.9 -1.0
IQSU IQ Candriam ESG US Equity ETF 38.8 9 6 4.5 -1.4
VOO VANGUARD S&P 500 ETF 38.7 3 12 4.8 -1.1
BKLC BNY Mellon US Large Cap Core Equity ETF 38.5 0 15 4.4 -1.5
FLRG Fidelity U.S. Multifactor ETF 38.5 29 -14 5.8 -0.1
JOET Virtus Terranova US Quality Momentum ETF 38.5 29 -14 4.6 -1.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 38.3 7 8 4.5 -1.4
RESP WisdomTree US ESG Fund of Benef Interest 38.3 28 -13 5.0 -0.9
PSET Principal Price Setters Index ETF 38.2 15 0 4.6 -1.3
PBUS Invesco PureBeta MSCI USA ETF 38.2 4 11 4.6 -1.4
IWL iShares Russell Top 200 ETF 38.1 15 0 4.4 -1.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 37.9 18 -3 5.6 -0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 37.9 2 13 4.6 -1.3
VV Vanguard Large-Cap Index Fund 37.9 4 11 4.6 -1.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 37.8 10 5 4.8 -1.1
SUSL iShares ESG MSCI USA Leaders ETF 37.7 10 5 4.8 -1.1
SCHX Schwab U.S. Large-Cap ETF 37.7 3 12 4.6 -1.4
EFIV SPDR S&P 500 ESG ETF 37.7 10 5 4.6 -1.4
DEF Invesco Defensive Equity ETF 37.6 55 -40 5.2 -0.7
SNPE Xtrackers S&P 500 ESG ETF 37.6 10 5 4.6 -1.4
SPTM SPDR Portfolio Total Stock Market ETF 37.4 3 12 4.8 -1.2
XVV iShares ESG Screened S&P 500 ETF 37.3 8 7 4.9 -1.1
ESGU iShares MSCI USA ESG Optimized ETF 37.3 15 0 4.4 -1.5
KRMA Global X Conscious Companies ETF 37.2 43 -28 4.8 -1.1
IWB iShares Russell 1000 ETF 37.2 15 0 4.5 -1.5
SCHK Schwab 1000 Index ETF 37.1 5 10 4.6 -1.4
FLLV Franklin Liberty U.S. Low Volatility ETF 37.0 29 -14 4.9 -1.0
ESG FlexShares STOXX US ESG Impact Index Fund 37.0 32 -17 4.5 -1.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 36.9 60 -45 3.6 -2.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 36.9 25 -10 5.7 -0.2
QWLD SPDR MSCI World StrategicFactors ETF 36.8 30 -15 5.4 -0.6
DSI iShares MSCI KLD 400 Social ETF 36.8 25 -10 4.6 -1.4
QDEF FlexShares Quality Dividend Defensive Index Fund 36.8 37 -22 5.4 -0.5
IYY iShares Dow Jones U.S. ETF 36.8 20 -5 4.4 -1.5
RECS Columbia Research Enhanced Core ETF 36.7 15 0 5.1 -0.9
SPYV SPDR Portfolio S&P 500 Value ETF 36.4 4 11 6.5 +0.5
OEF iShares S&P 100 ETF 36.4 20 -5 4.2 -1.8
IVE iShares S&P 500 Value ETF 36.4 18 -3 6.3 +0.4
QLC FlexShares US Quality Large Cap Index Fund 36.3 32 -17 4.4 -1.5
CATH Global X S&P 500 Catholic Values Custom ETF 36.3 29 -14 4.6 -1.4
VTHR Vanguard Russell 3000 Index Fund 36.2 10 5 4.4 -1.6
SPHQ Invesco S&P 500 Quality ETF 36.2 15 0 4.4 -1.6
DFAU Dimensional US Core Equity Market ETF 36.1 12 3 4.7 -1.3
VTV Vanguard Value Index Fund 35.9 4 11 6.6 +0.6
VIG Vanguard Dividend Appreciation Index Fund 35.6 6 9 5.0 -1.0
SPXT ProShares S&P 500 Ex-Technology ETF 35.6 27 -12 4.9 -1.1
RBUS Nationwide Risk-Based U.S. Equity ETF 35.6 30 -15 4.6 -1.4
MGV Vanguard Mega Cap Value ETF 35.6 7 8 6.5 +0.6
IUS Invesco Strategic US ETF 35.5 19 -4 5.5 -0.5
JVAL JPMorgan U.S. Value Factor ETF 35.4 12 3 7.1 +1.2
IUSV iShares Core S&P U.S. Value ETF 35.3 4 11 6.5 +0.5
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 35.2 25 -10 5.8 -0.1
SPLV Invesco S&P 500 Low Volatility ETF 35.2 25 -10 5.5 -0.4
QDF FlexShares Quality Dividend Index Fund 35.2 37 -22 5.5 -0.5
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 35.1 17 -2 5.7 -0.3
IWV iShares Russell 3000 ETF 35.1 20 -5 4.3 -1.7
AVUS Avantis U.S. Equity ETF 35.0 15 0 4.8 -1.1
SPXV ProShares S&P 500 Ex-Health Care ETF 34.9 27 -12 4.3 -1.7
SCHB Schwab U.S. Broad Market ETF 34.9 3 12 4.5 -1.5

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:

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 28.9 %
Divided by: Fwd. P/BV 4.8 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.49
 
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.