Franklin FTSE Taiwan ETF
ALTAR
Score™		 6.0% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 17.1x P/Sales
ratio		 1.3x
P/BV
ratio		 2.1x Div.
yield		 3.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
FLTW tracks a market-cap-weighted index of large- and midcap Taiwanese companies.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Franklin Templeton
Website www.libertyshares.com
Inception date Nov 02, 2017
Assets (mns) $218
Currency USD
Expense ratio 19 bp
Distributions Semi-annual

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 125
Wgt avg mkt cap (mns) $156,515
Large cap (>$10bn) 68.7%
Mid cap ($2-10bn) 29.8%
Small cap (<$2bn) 1.5%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 22.2 %
MEDIATEK INC 5.8 %
HON HAI PRECISION INDUSTRY 4.3 %
DELTA ELECTRONICS INC 2.2 %
QUANTA COMPUTER INC 2.2 %
UNITED MICROELECTRONICS CORP 2.0 %
CHINATRUST FINANCIAL HOLDING 1.9 %
FUBON FINANCIAL HOLDING CO 1.8 %
ADVANCED SEMICONDUCTOR ENGR 1.7 %
CHUNGHWA TELECOM CO., LTD 1.6 %
Total 45.7 %

TOP COUNTRY EXPOSURE
TAIWAN 98.6 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.4% 15.0% 13.9% -- 10.7%

Market Correlations
versus... Beta R-squared
S&P500 0.95 52%
MSCI EAFE 1.08 62%
MSCI Emg. Mkts. 1.19 79%

Technical Indicators
Recent close $41.70
30d moving avg. $39.06
Annualized volatility 23.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 49
Turnover 0.9%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $6,528

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 179 potential alternatives to the Franklin FTSE Taiwan ETF ETF based on the alternatives' overlap in portfolio holdings with FLTW. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FLTW Expense: 19 bp ALTAR Score™: 6.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLTW
Ticker Fund
Name		 Overlap1
vs FLTW
(%)		 Expense
ratio
(bp)		 Savings
vs FLTW
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FLTW
(%)
EWT iShares MSCI Taiwan ETF 89.0 58 -39 5.7 -0.3
AIA iShares Asia 50 ETF 31.6 50 -31 6.9 +0.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 25.3 24 -5 7.1 +1.2
XCEM Columbia EM Core ex-China ETF 25.0 16 3 7.4 +1.4
EMXC iShares MSCI Emerging Markets ex China ETF 22.8 25 -6 6.7 +0.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 22.8 20 -1 7.5 +1.5
XC WisdomTree Emerging Markets Ex-China Fund 22.7 32 -13 6.2 +0.2
EEMA iShares MSCI Emerging Markets Asia ETF 21.7 49 -30 6.7 +0.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 21.1 29 -10 8.3 +2.3
STXE Strive Emerging Markets Ex-China ETF 20.4 32 -13 6.9 +0.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 19.9 70 -51 6.3 +0.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 19.7 39 -20 12.5 +6.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 19.2 15 4 7.1 +1.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 18.9 30 -11 7.5 +1.5
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 18.7 88 -69 6.2 +0.2
FLAX Franklin FTSE Asia Ex Japan ETF 18.7 19 0 7.2 +1.2
ESGE iShares ESG Aware MSCI EM ETF 18.6 25 -6 7.7 +1.7
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 18.6 18 1 7.9 +1.9
DEM WisdomTree Emerging Markets High Dividend Fund 18.2 63 -44 12.9 +6.9
SCHE Schwab Emerging Markets Equity ETF 17.8 11 8 7.6 +1.6
JHEM John Hancock Multifactor Emerging Markets ETF 17.8 49 -30 8.3 +2.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 17.7 50 -31 10.5 +4.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 17.2 32 -13 6.3 +0.3
EEM iShares MSCI Emerging Markets ETF 16.8 69 -50 7.0 +1.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 16.8 33 -14 7.2 +1.2
EMXF iShares ESG Advanced MSCI EM ETF 16.6 16 3 7.4 +1.4
EMMF WisdomTree Emerging Markets Multifactor Fund 16.6 48 -29 9.4 +3.4
NUEM Nuveen ESG Emerging Markets Equity ETF 16.4 36 -17 6.8 +0.8
PXH Invesco FTSE RAFI Emerging Markets ETF 16.4 49 -30 12.4 +6.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 16.3 36 -17 7.5 +1.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 16.3 30 -11 8.5 +2.6
BKEM BNY Mellon Emerging Markets Equity ETF 16.2 11 8 7.7 +1.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 16.2 45 -26 8.6 +2.6
EMGF iShares Emerging Markets Equity Factor ETF 16.1 25 -6 8.7 +2.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 16.1 95 -76 11.4 +5.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 16.1 66 -47 7.2 +1.2
VWO Vanguard FTSE Emerging Markets ETF 15.6 8 11 7.6 +1.6
GMF SPDR S&P Emerging Asia Pacific ETF 15.6 49 -30 6.4 +0.4
SPEM SPDR Portfolio Emerging Markets ETF 15.3 7 12 7.5 +1.5
DEHP Dimensional Emerging Markets High Profitability ETF 15.3 41 -22 7.3 +1.3
DFAE Dimensional Emerging Core Equity Market ETF 14.8 35 -16 7.7 +1.7
IEMG iShares Core MSCI Emerging Markets ETF 14.8 9 10 7.5 +1.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 14.5 32 -13 7.6 +1.6
LDEM iShares ESG MSCI EM Leaders ETF 14.4 17 2 7.7 +1.8
FRDM Freedom 100 Emerging Markets ETF 14.1 49 -30 7.3 +1.4
EMDM First Trust Bloomberg Emerging Market Democracies ETF 13.9 75 -56 9.6 +3.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 13.4 40 -21 7.1 +1.1
EEMO Invesco S&P Emerging Markets Momentum ETF 13.3 29 -10 6.2 +0.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 13.1 70 -51 11.4 +5.4
MINV Matthews Asia Innovators Active ETF 12.4 79 -60 2.8 -3.2
ROAM Hartford Multifactor Emerging Markets ETF 12.4 44 -25 11.7 +5.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 12.4 25 -6 7.0 +1.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 12.2 41 -22 7.8 +1.8
DFEV Dimensional Emerging Markets Value ETF 12.2 43 -24 10.9 +4.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 11.6 38 -19 8.2 +2.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 11.1 44 -25 10.3 +4.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 10.4 45 -26 12.7 +6.7
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 10.0 90 -71 7.0 +1.0
AVES Avantis Emerging Markets Value ETF 9.8 36 -17 12.1 +6.1
FDEM Fidelity Emerging Markets Multifactor ETF 9.8 25 -6 11.9 +5.9
EDIV SPDR S&P Emerging Markets Dividend ETF 9.5 49 -30 10.9 +4.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 9.4 59 -40 9.6 +3.6
KNCT Invesco Next Gen Connectivity ETF 9.4 40 -21 5.9 -0.1
RNEM First Trust Emerging Markets Equity Select ETF 8.5 75 -56 8.2 +2.2
AVEM Avantis Emerging Markets Equity ETF 8.3 33 -14 9.1 +3.1
EMM Global X Emerging Markets ex-China ETF 8.3 75 -56 3.7 -2.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 8.3 42 -23 6.8 +0.8
NXTG First Trust Indxx NextG ETF 7.4 70 -51 6.0 -0.0
IWTR iShares MSCI Water Management Multisector ETF 7.1 47 -28 4.8 -1.2
IQDE FlexShares International Quality Dividend Defensive Index ET 6.9 47 -28 10.7 +4.7
MEM Matthews Emerging Markets Equity Active ETF 6.9 79 -60 5.7 -0.3
EMC Global X Emerging Markets Great Consumer ETF 6.5 75 -56 4.9 -1.1
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 6.3 60 -41 0.9 -5.1
GTEK Goldman Sachs Future Tech Leaders Equity ETF 5.9 75 -56 3.2 -2.8
VSGX Vanguard ESG International Stock ETF 5.7 12 7 6.8 +0.8
IQDF FlexShares International Quality Dividend Index Fund 5.6 47 -28 10.7 +4.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 5.6 20 -1 10.7 +4.7
BTEK Future Tech ETF 5.4 88 -69 2.1 -3.9
ADIV SmartETFs Asia Pacific Dividend Builder ETF 5.3 78 -59 8.8 +2.8
IXN iShares Global Tech ETF 5.3 41 -22 4.3 -1.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.8 47 -28 10.3 +4.3
CHAT Roundhill Generative AI & Technology ETF 4.8 75 -56 4.2 -1.8
GBUY Goldman Sachs Future Consumer Equity ETF 4.8 75 -56 3.1 -2.9
ACWX iShares MSCI ACWI ex U.S. ETF 4.7 34 -15 6.7 +0.7
RODE Hartford Multifactor Diversified International ETF 4.7 29 -10 11.5 +5.5
ACWV iShares MSCI Global Min Vol Factor ETF 4.7 20 -1 6.7 +0.7
VYMI Vanguard International High Dividend Yield ETF 4.6 22 -3 9.7 +3.7
ECON Columbia Emerging Markets Consumer ETF 4.5 49 -30 4.8 -1.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.4 41 -22 6.7 +0.7
CLNR IQ Cleaner Transport ETF 4.4 45 -26 8.3 +2.3
FEM First Trust Emerging Markets AlphaDEX Fund 4.3 80 -61 16.3 +10.3
VIDI Vident International Equity Strategy ETF 4.3 61 -42 11.9 +5.9
VXUS Vanguard Total International Stock ETF 4.2 7 12 7.1 +1.1
IXUS iShares Core MSCI Total International Stock ETF 4.1 7 12 6.9 +0.9
QTUM Defiance Quantum ETF 4.1 40 -21 3.9 -2.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 4.0 58 -39 10.1 +4.1
DWX SPDR S&P International Dividend ETF 4.0 45 -26 7.1 +1.1
VEU Vanguard FTSE All-World ex-US Index Fund 3.9 8 11 7.2 +1.2
EYLD Cambria Emerging Shareholder Yield ETF 3.8 66 -47 12.1 +6.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 3.6 70 -51 7.2 +1.3
MOTI VanEck Morningstar International Moat ETF 3.5 58 -39 6.9 +0.9
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 3.5 68 -49 8.8 +2.8
JSTC Adasina Social Justice All Cap Global ETF 3.4 89 -70 4.8 -1.2
IDAT iShares Future Cloud 5G and Tech ETF 3.1 47 -28 4.5 -1.5
SNSR Global X Internet of Things ETF 3.1 68 -49 4.3 -1.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.1 30 -11 7.8 +1.8
SDEM Global X MSCI SuperDividend Emerging Markets ETF 3.0 67 -48 17.5 +11.5
XT iShares Exponential Technologies ETF 2.9 46 -27 3.9 -2.1
GGME Invesco Next Gen Media and Gaming ETF 2.9 60 -41 4.1 -1.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.9 60 -41 10.0 +4.0
ROBO ROBO Global Robotics & Automation Index ETF 2.8 95 -76 2.8 -3.2
KOIN Capital Link Global Fintech Leaders ETF 2.7 75 -56 4.6 -1.4
TTAI FCF International Quality ETF 2.5 59 -40 7.4 +1.4
DEW WisdomTree Global High Dividend Fund 2.4 58 -39 9.1 +3.1
MOTG VanEck Morningstar Global Wide Moat ETF 2.2 52 -33 5.8 -0.2
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 2.0 47 -28 0.7 -5.3
CWI SPDR MSCI ACWI ex-US ETF 1.9 30 -11 6.8 +0.8
CGXU Capital Group International Focus Equity ETF 1.9 54 -35 4.1 -1.9
GSFP Goldman Sachs Future Planet Equity ETF 1.9 75 -56 4.5 -1.5
EWX SPDR S&P Emerging Markets Small Cap ETF 1.8 65 -46 7.7 +1.7
DVYE iShares Emerging Markets Dividend ETF 1.8 49 -30 16.6 +10.6
WTAI WisdomTree Artificial Intelligence and Innovation Fund 1.8 45 -26 1.4 -4.6
WRND IQ Global Equity R&D Leaders ETF 1.8 18 1 7.2 +1.2
WWJD Inspire International ETF 1.7 80 -61 7.1 +1.1
ACWI iShares MSCI ACWI ETF 1.7 32 -13 5.5 -0.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.7 20 -1 5.6 -0.4
QINT American Century Quality Diversified International ETF 1.6 39 -20 7.4 +1.4
GLOF iShares Global Equity Factor ETF 1.6 20 -1 7.1 +1.1
NTZG Nuveen Global Net Zero Transition ETF 1.6 56 -37 4.9 -1.1
OCEN IQ Clean Oceans ETF 1.6 45 -26 5.3 -0.7
VT Vanguard Total World Stock ETF 1.5 7 12 5.8 -0.2
SDG iShares MSCI Global Sustainable Development Goals ETF 1.4 49 -30 5.8 -0.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.3 12 7 5.1 -0.9
IGPT Invesco AI and Next Gen Software ETF 1.1 60 -41 3.8 -2.2
EEMD AAM S&P Emerging Markets High Dividend Value ETF 1.1 49 -30 19.0 +13.0
SUPL ProShares Supply Chain Logistics ETF 1.1 58 -39 13.1 +7.1
AIQ Global X Artificial Intelligence & Technology ETF 1.0 68 -49 4.2 -1.8
BLES Inspire Global Hope ETF 0.9 61 -42 6.3 +0.3
IHAK iShares Cybersecurity & Tech ETF 0.9 47 -28 3.2 -2.8
PBD Invesco Global Clean Energy ETF 0.9 75 -56 -3.9 -9.9
SCHY Schwab International Dividend Equity ETF 0.9 14 5 9.3 +3.3
ETEC iShares Breakthrough Environmental Solutions ETF 0.9 47 -28 5.3 -0.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.8 65 -46 1.6 -4.4
PICK iShares MSCI Global Metals & Mining Producers ETF 0.8 39 -20 11.0 +5.0
IGRO iShares International Dividend Growth ETF 0.7 15 4 7.1 +1.1
FPXI First Trust International Equity Opportunities ETF 0.6 70 -51 3.6 -2.4
CGUS Capital Group Core Equity ETF 0.6 33 -14 4.7 -1.3
ISHP First Trust Nasdaq Retail ETF 0.6 60 -41 3.2 -2.8
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.5 80 -61 14.2 +8.2
IXG iShares Global Financials ETF 0.5 42 -23 6.8 +0.8
HART IQ Healthy Hearts ETF 0.5 45 -26 5.3 -0.7
CRUZ Defiance Hotel Airline and Cruise ETF 0.5 45 -26 -4.9 -10.9
ESPO VanEck Video Gaming and eSports ETF 0.5 56 -37 4.5 -1.5
DSTX Distillate International Fundamental Stability & Value ETF 0.5 55 -36 8.0 +2.0
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.4 45 -26 4.9 -1.1
VIGI Vanguard International Dividend Appreciation ETF 0.4 15 4 5.6 -0.4
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.4 58 -39 4.6 -1.4
ARVR First Trust Indxx Metaverse ETF 0.4 70 -51 2.5 -3.5
HAP VanEck Natural Resources ETF 0.4 50 -31 9.5 +3.5
MXI iShares Global Materials ETF 0.4 41 -22 6.6 +0.7
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.4 45 -26 6.2 +0.3
IXP iShares Global Comm Services ETF 0.4 42 -23 5.3 -0.7
CRAK VanEck Oil Refiners ETF 0.3 61 -42 13.1 +7.1
DTCR Global X Data Center & Digital Infrastructure ETF 0.3 50 -31 2.7 -3.3
FID First Trust S&P International Dividend Aristocrats ETF 0.2 60 -41 9.8 +3.9
WDIV SPDR S&P Global Dividend ETF 0.2 40 -21 10.2 +4.3
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 -26 3.3 -2.7
ERTH Invesco MSCI Sustainable Future ETF 0.2 62 -43 3.7 -2.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 7 8.7 +2.7
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 9 8.2 +2.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.2 46 -27 8.8 +2.8
MOO VanEck Agribusiness ETF 0.2 53 -34 9.4 +3.4
VEGI iShares MSCI Agriculture Producers ETF 0.2 39 -20 9.2 +3.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 10 5.7 -0.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.1 86 -67 1.9 -4.1
IDRV iShares Self-driving EV & Tech ETF 0.1 47 -28 -0.5 -6.5
BATT Amplify Lithium & Battery Technology ETF 0.1 59 -40 2.9 -3.1
DRIV Global X Autonomous & Electric Vehicles ETF 0.1 68 -49 3.4 -2.6
DGT SPDR Global Dow ETF 0.0 50 -31 6.7 +0.7

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Franklin FTSE Taiwan ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.6 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.49 CATEGORY
AVERAGE		 1.39
 
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.