Franklin LibertyQ U.S. Equity ETF
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
21.8x P/Sales
ratio
2.6x
P/BV
ratio
5.7x Div.
yield
2.1%


  • 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) $1,294
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 250
Wgt avg mkt cap (mns) $158,707
Large cap (>$10bn) 94.5%
Mid cap ($2-10bn) 5.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
UNITED PARCEL SERVICE-CL B 1.3 %
APPLE INC 1.3 %
NVIDIA CORP 1.2 %
QUALCOMM INC 1.2 %
FACEBOOK 1.1 %
MICROSOFT CORP 1.1 %
PROCTER & GAMBLE CO/THE 1.1 %
ACCENTURE PLC-CL A 1.1 %
NEXTERA ENERGY GROUP 1.1 %
APPLIED MATERIALS INC 1.0 %
Total 11.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.1 %
IRELAND 1.2 %
BRITAIN 0.4 %
SWITZERLAND 0.3 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.4% 5.7% -- -- 11.1%

Market Correlations
versus... Beta R-squared
S&P500 0.92 95%
MSCI EAFE 0.90 77%
MSCI Emg. Mkts. 0.64 63%

Technical Indicators
Recent close $34.89
30d moving avg. $33.59
Annualized volatility 16.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 320
Turnover 0.9%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $101,662

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™: 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 58.3 12 3 5.1 -0.7
FQAL Fidelity Quality Factor ETF 49.4 29 -14 5.3 -0.6
QUS SPDR MSCI USA StrategicFactors ETF 48.7 15 0 5.6 -0.3
EQWL Invesco Russell Top 200 Equal Weight ETF 48.6 25 -10 5.9 +0.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 48.6 29 -14 5.8 -0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 48.5 30 -15 6.2 +0.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 46.7 19 -4 5.8 -0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 45.6 9 6 5.3 -0.6
USDY Pacific Global US Equity Income ETF 44.9 29 -14 7.0 +1.1
SPXN ProShares S&P 500 Ex-Financials ETF 44.8 27 -12 4.7 -1.1
ROUS Hartford Multifactor US Equity ETF 44.7 19 -4 6.9 +1.1
DLN WisdomTree U.S. LargeCap Dividend Fund 44.1 28 -13 6.2 +0.3
PBP Invesco S&P 500 BuyWrite ETF 43.7 49 -34 4.7 -1.1
DTD WisdomTree U.S.Total Dividend Fund 43.4 28 -13 6.4 +0.5
OUSA O'Shares FTSE US Quality Dividend ETF 43.1 48 -33 5.5 -0.4
SPXE ProShares S&P 500 Ex-Energy ETF 43.0 27 -12 5.1 -0.8
PFM Invesco Dividend Achievers ETF 42.9 54 -39 5.2 -0.7
HSPX Global X S&P 500 Covered Call ETF 42.9 65 -50 4.6 -1.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 42.7 20 -5 5.1 -0.8
DIVB iShares U.S. Dividend & Buyback ETF 42.6 25 -10 6.3 +0.4
EPS WisdomTree U.S. Earnings 500 Fund 42.4 8 7 6.2 +0.3
AFLG First Trust Active Factor Large Cap ETF 42.3 55 -40 5.3 -0.6
DGRO iShares Core Dividend Growth ETF 42.3 8 7 6.4 +0.5
SPY SPDR S&P 500 ETF Trust 42.3 9 6 5.1 -0.8
IVV iShares Core S&P 500 ETF 42.2 4 11 5.2 -0.7
SPLG SPDR Portfolio Large Cap ETF 42.2 3 12 5.2 -0.7
VOO VANGUARD S&P 500 ETF 42.1 3 12 5.2 -0.7
JHML John Hancock Multifactor Large Cap ETF 41.9 29 -14 5.3 -0.6
BKLC BNY Mellon US Large Cap Core Equity ETF 41.6 0 15 4.9 -0.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 41.4 7 8 5.0 -0.9
PBUS Invesco PureBeta MSCI USA ETF 41.1 4 11 5.0 -0.9
DEF Invesco Defensive Equity ETF 41.1 55 -40 4.9 -1.0
ESGU iShares MSCI USA ESG Optimized ETF 41.0 15 0 4.9 -1.0
MGC Vanguard Mega Cap Index Fund 41.0 7 8 5.0 -0.9
USMV iShares Edge MSCI Min Vol USA ETF 41.0 15 0 5.3 -0.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 41.0 2 13 5.1 -0.8
SCHX Schwab U.S. Large-Cap ETF 40.9 3 12 5.1 -0.8
IWL iShares Russell Top 200 ETF 40.8 15 0 4.7 -1.1
SPTM SPDR Portfolio Total Stock Market ETF 40.6 3 12 5.3 -0.6
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 40.6 75 -60 3.9 -1.9
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 40.6 10 5 5.1 -0.7
VV Vanguard Large-Cap Index Fund 40.5 4 11 5.0 -0.9
SUSL iShares ESG MSCI USA Leaders ETF 40.5 10 5 5.1 -0.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 40.4 20 -5 4.7 -1.2
SCHK Schwab 1000 Index ETF 40.3 5 10 5.0 -0.8
DGRW WisdomTree U.S. Quality Dividend Growth Fund 40.2 28 -13 6.2 +0.3
VONE Vanguard Russell 1000 ETF 40.1 8 7 5.0 -0.9
EXT WisdomTree U.S. Total Earnings Fund 40.1 28 -13 5.0 -0.9
IWB iShares Russell 1000 ETF 40.1 15 0 4.9 -1.0
IYY iShares Dow Jones U.S. ETF 39.9 20 -5 4.9 -1.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 39.7 25 -10 6.1 +0.3
DSI iShares MSCI KLD 400 Social ETF 39.7 25 -10 5.0 -0.9
IQSU IQ Candriam ESG US Equity ETF 39.6 9 6 4.9 -1.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 39.5 18 -3 5.9 +0.1
PSET Principal Price Setters Index ETF 39.5 29 -14 4.5 -1.4
SNPE Xtrackers S&P 500 ESG ETF 39.3 11 4 4.9 -1.0
SCIU Global X Scientific Beta US ETF 39.2 19 -4 5.6 -0.3
RNLC Large Cap US Equity Select ETF 39.2 60 -45 5.9 +0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 39.1 27 -12 4.7 -1.1
SCHV Schwab U.S. Large-Cap Value ETF 39.0 4 11 6.9 +1.1
VYM Vanguard High Dividend Yield Index ETF 38.7 6 9 7.2 +1.3
CATH Global X S&P 500 Catholic Values Custom ETF 38.7 29 -14 5.0 -0.9
AVUS Avantis U.S. Equity ETF 38.5 15 0 5.4 -0.5
SPXT ProShares S&P 500 Ex-Technology ETF 38.5 27 -12 5.4 -0.5
SCHB Schwab U.S. Broad Market ETF 38.5 3 12 5.0 -0.9
OEF iShares S&P 100 ETF 38.4 20 -5 4.6 -1.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 38.4 15 0 6.0 +0.1
IUS Invesco Strategic US ETF 38.4 19 -4 6.2 +0.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 38.3 3 12 4.9 -0.9
FDLO Fidelity Low Volatility Factor ETF 38.3 29 -14 4.9 -1.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 38.3 12 3 4.5 -1.4
QUAL iShares MSCI Usa Quality Factor ETF 38.2 15 0 5.2 -0.7
IWV iShares Russell 3000 ETF 38.2 20 -5 4.8 -1.1
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 38.2 17 -2 6.2 +0.4
VTHR Vanguard Russell 3000 Index Fund 38.1 10 5 4.8 -1.0
KRMA Global X Conscious Companies ETF 38.1 43 -28 4.9 -0.9
RECS Columbia Research Enhanced Core ETF 38.1 15 0 5.4 -0.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 38.0 25 -10 6.1 +0.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 38.0 60 -45 3.9 -1.9
ESGV Vanguard ESG U.S. Stock ETF 37.6 12 3 4.9 -1.0
VTI Vanguard Total Stock Market Index Fund 37.4 3 12 4.9 -1.0
QWLD SPDR MSCI World StrategicFactors ETF 37.3 30 -15 6.0 +0.1
PRF Invesco FTSE RAFI US 1000 ETF 36.9 39 -24 6.5 +0.6
SFY SoFi Select 500 ETF 36.8 0 15 5.0 -0.9
ESG FlexShares STOXX US ESG Impact Index Fund 36.7 32 -17 4.8 -1.1
RAFE PIMCO RAFI ESG U.S. ETF 36.7 29 -14 7.4 +1.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 36.5 49 -34 3.8 -2.1
JMOM JPMorgan U.S. Momentum Factor ETF 36.4 12 3 3.6 -2.3
IWF iShares Russell 1000 Growth ETF 36.4 19 -4 3.6 -2.3
VONG Vanguard Russell 1000 Growth Index Fund 36.3 8 7 3.7 -2.2
SPYG SPDR Portfolio S&P 500 Growth ETF 36.2 4 11 4.2 -1.7
VOOG Vanguard S&P 500 Growth ETF 36.2 10 5 4.1 -1.8
IUSG iShares Core S&P US Growth ETF 36.1 4 11 4.2 -1.7
IVW iShares S&P 500 Growth ETF 36.1 18 -3 4.0 -1.9
QDF FlexShares Quality Dividend Index Fund 36.0 37 -22 5.9 +0.1
VIG Vanguard Dividend Appreciation Index Fund 36.0 6 9 5.1 -0.7
DSTL Distillate US Fundamental Stability & Value ETF 35.9 39 -24 5.8 -0.1
SPYV SPDR Portfolio S&P 500 Value ETF 35.8 4 11 7.1 +1.2
IVE iShares S&P 500 Value ETF 35.7 18 -3 7.0 +1.1
FLLV Franklin Liberty U.S. Low Volatility ETF 35.7 29 -14 5.5 -0.3

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

  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 30.9 %
Divided by: Fwd. P/BV 5.1 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
1.56 CATEGORY
AVERAGE
1.52
 
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.