Franklin LibertyQ U.S. Mid Cap Equity ETF
ALTAR
Score™
5.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
25.0x P/Sales
ratio
2.0x
P/BV
ratio
3.8x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Franklin LibertyQ U.S. Mid Cap Equity ETF tracks a US-listed midcap equity index that selects and weights constituents based on four factors: quality, value, momentum, and volatility.

FUND BASICS
Category US Equities
Fund Sponsor Franklin ETF Trust
Website www.libertyshares.com
Inception date Apr 26, 2017
Assets (mns) $25
Currency USD
Expense ratio 30 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 202
Wgt avg mkt cap (mns) $16,920
Large cap (>$10bn) 72.7%
Mid cap ($2-10bn) 26.7%
Small cap (<$2bn) 0.3%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
BEST BUY CO INC 1.3 %
CINTAS CORP 1.2 %
INGERSOLL-RAND PLC 1.2 %
ALIGN TECHNOLOGY INC 1.2 %
CUMMINS INC 1.2 %
IDEXX LABORATORIES INC 1.2 %
CHURCH & DWIGHT CO INC 1.1 %
METTLER-TOLEDO INTERNATIONAL 1.1 %
SYNOPSYS INC 1.1 %
TRACTOR SUPPLY COMPANY 1.1 %
Total 11.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.8 %
IRELAND 1.8 %
CHINA 1.0 %
SWITZERLAND 0.8 %
CAYMAN ISLANDS 0.3 %
BRITAIN 0.2 %
PANAMA 0.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
2.1% 11.5% -- -- 10.3%

Market Correlations
versus... Beta R-squared
S&P500 1.07 94%
MSCI EAFE 1.09 81%
MSCI Emg. Mkts. 0.78 66%

Technical Indicators
Recent close $32.92
30d moving avg. $33.26
Annualized volatility 19.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 43

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.4%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $1,941

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Franklin LibertyQ U.S. Mid Cap Equity ETF ETF based on the alternatives' overlap in portfolio holdings with FLQM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FLQM Expense: 30 bp ALTAR Score™: 5.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLQM
Ticker Fund
Name
Overlap1
vs FLQM
(%)
Expense
ratio
(bp)
Savings
vs FLQM
(bp)
ALTAR
Score™
(%)
ALTAR
vs FLQM
(%)
ONEV SPDR Russell 1000 Low Volatility Focus ETF 37.0 20 10 7.0 +1.3
IWP iShares Russell Mid-Cap Growth ETF 35.6 24 6 3.0 -2.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 34.8 24 6 6.2 +0.5
TPLC Timothy Plan US Large Cap Core ETF 30.4 52 -22 5.4 -0.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 30.0 17 13 6.4 +0.7
IWR iShares Russell Midcap ETF 28.8 19 11 5.6 -0.1
JHMM John Hancock Multifactor Mid Cap ETF 28.5 42 -12 5.7 +0.0
ONEO SPDR Russell 1000 Momentum Focus ETF 28.4 20 10 6.4 +0.8
JKH iShares Morningstar Mid-Cap Growth ETF 28.3 30 0 2.2 -3.4
PSET Principal Price Setters Index ETF 28.0 15 15 5.1 -0.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 27.8 4 26 5.5 -0.2
VO Vanguard Mid-Cap Index Fund 27.6 4 26 5.2 -0.4
VOT Vanguard Mid-Cap Growth Index Fund 26.9 7 23 3.2 -2.5
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 25.3 35 -5 5.4 -0.2
ONEY SPDR Russell 1000 Yield Focus ETF 24.5 20 10 9.1 +3.5
LRGF iShares Edge MSCI Multifactor USA ETF 24.4 20 10 7.7 +2.1
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 23.9 35 -5 5.8 +0.1
JKG iShares Morningstar Mid-Cap ETF 23.7 25 5 5.3 -0.3
CFA VictoryShares US 500 Volatility Weighted Index ETF 23.5 35 -5 5.8 +0.1
IWS iShares Russell Mid-Cap Value ETF 23.5 24 6 7.1 +1.4
RBUS Nationwide Risk-Based U.S. Equity ETF 22.9 30 0 4.6 -1.1
DON WisdomTree U.S. MidCap Dividend Fund 22.8 38 -8 7.8 +2.1
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 22.8 25 5 7.7 +2.1
VOE Vanguard Mid-Cap Value Index Fund 22.7 7 23 7.8 +2.1
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 22.6 29 1 6.9 +1.3
JHMI John Hancock Multifactor Industrials ETF 22.6 40 -10 5.5 -0.2
ROUS Hartford Multifactor US Equity ETF 22.3 19 11 6.5 +0.8
USMF WisdomTree U.S. Multifactor Fund 22.3 28 2 5.8 +0.1
KLCD KFA Large Cap Quality Dividend Index ETF 22.2 42 -12 5.2 -0.5
FLQL Franklin LibertyQ U.S. Equity ETF 22.1 15 15 6.2 +0.6
SCHM Schwab U.S. Mid-Cap ETF 21.9 4 26 6.2 +0.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 21.6 18 12 6.2 +0.6
RVRS Reverse Cap Weighted U.S. Large Cap ETF 21.3 29 1 7.9 +2.3
QSY WisdomTree U.S. LargeCap Value Fund 21.3 38 -8 6.9 +1.2
AFMC First Trust Active Factor Mid Cap ETF 20.9 65 -35 6.5 +0.8
SCIU Global X Scientific Beta US ETF 20.8 19 11 6.0 +0.3
IJH iShares Core S&P Mid-Cap ETF 20.6 5 25 6.6 +0.9
MDY SPDR S&P Midcap 400 ETF Trust 20.6 23 7 6.4 +0.7
SPMD SPDR Portfolio Mid Cap ETF 20.6 5 25 6.5 +0.9
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 20.5 17 13 6.5 +0.8
JMIN JPMorgan U.S. Minimum Volatility ETF 20.4 12 18 5.5 -0.1
IVOO Vanguard S&P Mid-Cap 400 ETF 19.9 10 20 6.5 +0.9
FVL First Trust Value Line 100 Exchange-Traded Fund 19.8 70 -40 5.3 -0.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 19.8 75 -45 4.1 -1.6
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 19.6 29 1 9.6 +3.9
FTC First Trust Large Cap Growth AlphaDEX Fund 19.5 61 -31 2.9 -2.8
RSP Invesco S&P 500 Equal Weight ETF 19.4 20 10 6.6 +0.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 18.9 9 21 6.0 +0.4
SIZE iShares Edge MSCI USA Size Factor ETF 18.8 15 15 6.1 +0.5
QGRO American Century STOXX U.S. Quality Growth ETF 18.8 29 1 3.8 -1.9
JKI iShares Morningstar Mid-Cap Value ETF 18.6 30 0 9.1 +3.5
FEX First Trust Large Cap Core AlphaDEX Fund 18.5 60 -30 6.0 +0.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 18.4 7 23 5.4 -0.2
ETHO Etho Climate Leadership U.S. ETF 18.3 47 -17 4.5 -1.2
LSAF LeaderShares AlphaFactor US Core Equity ETF 18.2 75 -45 6.1 +0.5
EUSA iShares MSCI USA Equal Weighted ETF 18.2 15 15 6.2 +0.5
BFOR Barron's 400 ETF 18.1 65 -35 6.4 +0.7
STLV iShares Factors US Value Style ETF 17.9 25 5 7.2 +1.6
DSTL Distillate US Fundamental Stability & Value ETF 17.9 39 -9 6.9 +1.2
ACWF iShares FactorSelect MSCI Global ETF 17.6 35 -5 8.0 +2.4
RPG Invesco S&P 500 Pure Growth ETF 17.6 35 -5 4.6 -1.1
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 17.4 20 10 9.7 +4.0
RNLC Large Cap US Equity Select ETF 17.2 60 -30 6.3 +0.7
IJK iShares S&P Mid-Cap 400 Growth ETF 17.1 24 6 4.9 -0.7
MDYG SPDR S&P 400 Mid Cap Growth ETF 17.1 15 15 5.0 -0.7
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 17.1 15 15 5.0 -0.6
AFLG First Trust Active Factor Large Cap ETF 17.0 55 -25 6.3 +0.6
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 17.0 75 -45 3.6 -2.0
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 17.0 20 10 7.6 +2.0
ALTL Pacer Lunt Large Cap Alternator ETF 16.9 60 -30 5.1 -0.6
SPLV Invesco S&P 500 Low Volatility ETF 16.9 25 5 5.4 -0.2
EQAL Invesco Russell 1000 Equal Weight ETF 16.8 20 10 5.7 0.0
EZM WisdomTree U.S. MidCap Earnings Fund 16.8 38 -8 9.1 +3.5
FCTR First Trust Lunt U.S. Factor Rotation ETF 16.7 65 -35 3.1 -2.6
JQUA JPMorgan U.S. Quality Factor ETF 16.7 12 18 5.6 -0.1
FSMD Fidelity Small-Mid Factor ETF 16.5 29 1 6.4 +0.8
PDP Invesco DWA Momentum ETF 16.5 62 -32 2.9 -2.8
LEAD Reality Shares DIVCON Leaders Dividend ETF 16.5 43 -13 4.3 -1.3
DFND Reality Shares DIVCON Dividend Defender ETF 16.5 144 -114 3.4 -2.3
TUSA First Trust Total US Market AlphaDEX ETF 16.3 70 -40 6.1 +0.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 16.2 35 -5 4.4 -1.2
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 16.2 59 -29 4.2 -1.5
VALQ American Century STOXX U.S. Quality Value ETF 16.2 29 1 9.0 +3.4
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 16.0 63 -33 6.2 +0.6
NUMG Nuveen ESG Mid-Cap Growth ETF 15.7 40 -10 2.2 -3.5
VFQY Vanguard U.S. Quality Factor ETF 15.6 13 17 6.4 +0.8
RGI Invesco S&P 500 Equal Weight Industrials ETF 15.6 40 -10 5.0 -0.7
JHMC John Hancock Multifactor Consumer Discretionary ETF 15.2 40 -10 4.1 -1.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 15.2 66 -36 2.5 -3.2
FXD First Trust Consumer Discretionary AlphaDEX Fund 15.2 64 -34 5.6 -0.0
EXT WisdomTree U.S. Total Earnings Fund 14.9 28 2 6.0 +0.4
EWMC Invesco S&P MidCap 400 Equal Weight ETF 14.9 40 -10 7.0 +1.3
JMOM JPMorgan U.S. Momentum Factor ETF 14.9 12 18 3.9 -1.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 14.9 9 21 6.1 +0.5
FIDU Fidelity MSCI Industrials Index ETF 14.9 8 22 5.5 -0.2
KRMA Global X Conscious Companies ETF 14.8 43 -13 5.7 +0.1
JVAL JPMorgan U.S. Value Factor ETF 14.8 12 18 8.9 +3.2
RNMC Mid Cap US Equity Select ETF 14.7 60 -30 7.8 +2.1
JDIV JPMorgan U.S. Dividend ETF 14.7 12 18 7.9 +2.2

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. Mid Cap 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 20.6 %
Divided by: Fwd. P/BV 3.5 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.70 CATEGORY
AVERAGE
1.51
 
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.