Franklin Intelligent Machines ETF
ALTAR
Score™
1.4% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
68.0x P/Sales
ratio
10.5x
P/BV
ratio
11.8x Div.
yield
0.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
IQM is an actively managed portfolio of global equity securities of companies that are relevant to intelligent machines.

FUND BASICS
Category Global Equities
Fund Sponsor Franklin Templeton
Website www.franklintempleton.com
Inception date Feb 25, 2020
Assets (mns) $12
Currency USD
Expense ratio 50 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 58
Wgt avg mkt cap (mns) $272,235
Large cap (>$10bn) 79.7%
Mid cap ($2-10bn) 17.8%
Small cap (<$2bn) 0.3%
Developed mkts 96.9%
Emerging mkts 3.1%

TOP TEN HOLDINGS
TESLA MOTORS INC 12.1 %
APPLE INC 5.5 %
INTUITIVE SURGICAL INC 4.6 %
AUTODESK INC 3.5 %
TAIWAN SEMICONDUCTOR-SP ADR 3.4 %
TERADYNE INC 3.2 %
AXON ENTERPRISE INC 3.1 %
ANSYS INC 2.7 %
IRHYTHM TECHNOLOGIES, INC. 2.7 %
NVIDIA CORP 2.6 %
Total 43.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 76.6 %
BRITAIN 3.6 %
TAIWAN 3.4 %
JAPAN 2.7 %
CANADA 1.5 %
IRELAND 1.5 %
FRANCE 1.4 %
GERMANY 1.2 %
NETHERLANDS 1.0 %
SWITZERLAND 1.0 %

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.
110.6% -- -- -- 110.6%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $46.21
30d moving avg. $43.05
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 76

Liquidity measures
Avg. volume (thou.) 4
Turnover 1.6%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $57,936

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Franklin Intelligent Machines ETF ETF based on the alternatives' overlap in portfolio holdings with IQM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IQM Expense: 50 bp ALTAR Score™: 1.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IQM
Ticker Fund
Name
Overlap1
vs IQM
(%)
Expense
ratio
(bp)
Savings
vs IQM
(bp)
ALTAR
Score™
(%)
ALTAR
vs IQM
(%)
ARKQ Ark Industrial Innovation ETF 28.7 75 -25 0.3 -1.1
RPG Invesco S&P 500 Pure Growth ETF 22.9 35 15 2.8 +1.4
JHMT John Hancock Multifactor Technology ETF 21.8 40 10 4.1 +2.7
NULG Nuveen ESG Large-Cap Growth ETF 21.3 35 15 3.0 +1.6
MTUM iShares MSCI USA Momentum Factor ETF 19.3 15 35 2.3 +1.0
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 19.3 75 -25 3.0 +1.6
QYLD Global X NASDAQ 100 Covered Call ETF 19.3 60 -10 3.2 +1.8
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 19.2 60 -10 3.2 +1.8
QQQ Invesco QQQ Trust 19.1 20 30 3.6 +2.3
QQQM Invesco NASDAQ 100 ETF 19.1 15 35 3.7 +2.3
MOTO SmartETFs Smart Transportation & Technology ETF 19.0 68 -18 5.4 +4.0
NUSI Nationwide Risk-Managed Income ETF 19.0 68 -18 3.1 +1.7
PWB Invesco Dynamic Large Cap Growth ETF 18.6 56 -6 2.2 +0.8
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 18.6 57 -7 3.6 +2.2
PDP Invesco DWA Momentum ETF 18.5 62 -12 1.9 +0.5
VEGN US Vegan Climate ETF 18.3 60 -10 4.1 +2.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 17.8 75 -25 2.1 +0.7
RYT Invesco S&P 500 Equal Weight Technology ETF 17.6 40 10 5.8 +4.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 17.3 49 1 3.5 +2.2
SFYF SoFi 50 ETF 17.3 29 21 0.8 -0.6
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 17.3 103 -53 1.7 +0.4
ARKW ARK Web x.0 ETF 16.9 79 -29 -0.8 -2.1
ROBO Robo Global Robotics & Automation Index ETF 16.9 95 -45 2.4 +1.0
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 16.9 65 -15 3.1 +1.8
ARKK ARK Innovation ETF 16.8 75 -25 -1.6 -3.0
ADME Aptus Drawdown Managed Equity ETF 16.7 79 -29 3.2 +1.8
HLAL Wahed FTSE USA Shariah ETF 16.7 50 0 3.9 +2.5
SPYG SPDR Portfolio S&P 500 Growth ETF 16.1 4 46 3.8 +2.4
IVW iShares S&P 500 Growth ETF 16.1 18 32 3.7 +2.3
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 15.9 59 -9 4.1 +2.7
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 15.8 35 15 4.4 +3.0
IUSG iShares Core S&P US Growth ETF 15.8 4 46 3.8 +2.4
FDG American Century Focused Dynamic Growth ETF 15.7 45 5 1.4 +0.0
JOET Virtus Terranova US Quality Momentum ETF 15.6 29 21 4.7 +3.3
IWF iShares Russell 1000 Growth ETF 15.6 19 31 3.6 +2.2
SCHG Schwab U.S. Large-Cap Growth ETF 15.4 4 46 3.3 +1.9
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 15.3 21 29 3.0 +1.6
FTC First Trust Large Cap Growth AlphaDEX Fund 15.3 61 -11 2.3 +0.9
VONG Vanguard Russell 1000 Growth Index Fund 15.2 8 42 3.7 +2.3
VUG Vanguard Growth Index Fund 15.2 4 46 3.6 +2.3
MGK Vanguard Mega Cap Growth ETF 15.2 7 43 3.8 +2.4
HIPR Direxion High Growth ETF 15.1 40 10 4.0 +2.6
STLG iShares Factors US Growth Style ETF 15.0 25 25 4.0 +2.7
FFTY Innovator IBD 50 ETF 15.0 80 -30 4.2 +2.8
TMFC Motley Fool 100 Index ETF 14.7 50 0 3.2 +1.8
IXN iShares Global Tech ETF 14.7 46 4 3.9 +2.5
IWY iShares Russell Top 200 Growth ETF 14.6 20 30 3.7 +2.4
XLK Technology Select Sector SPDR Fund 14.5 13 37 4.4 +3.0
FXL First Trust Technology AlphaDEX Fund 14.4 61 -11 3.5 +2.1
SOXX iShares PHLX Semiconductor ETF 14.4 46 4 4.4 +3.0
DTEC ALPS Disruptive Technologies ETF 14.4 50 0 2.8 +1.4
XNTK SPDR NYSE Technology ETF 14.3 35 15 2.8 +1.5
SUSA iShares MSCI USA ESG Select ETF 14.3 25 25 4.3 +2.9
IDRV iShares Self-driving EV & Tech ETF 14.2 47 3 5.5 +4.1
FTEC Fidelity MSCI Information Technology Index ETF 14.2 8 42 4.1 +2.7
SMH VanEck Vectors Semiconductor ETF 14.1 35 15 4.2 +2.8
VGT Vanguard Information Technology Index Fund 14.1 10 40 4.1 +2.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 14.0 60 -10 3.7 +2.3
JKE iShares Morningstar Large-Cap Growth ETF 14.0 25 25 2.3 +0.9
SPMO Invesco S&P 500 Momentum ETF 14.0 13 37 4.0 +2.6
JMOM JPMorgan U.S. Momentum Factor ETF 13.8 12 38 3.0 +1.6
IWP iShares Russell Mid-Cap Growth ETF 13.7 24 26 2.7 +1.3
ESGV Vanguard ESG U.S. Stock ETF 13.7 12 38 4.6 +3.2
QGRO American Century STOXX U.S. Quality Growth ETF 13.7 29 21 3.7 +2.4
IHI iShares U.S. Medical Devices ETF 13.6 42 8 3.1 +1.7
PEXL Pacer US Export Leaders ETF 13.3 60 -10 4.7 +3.3
PRNT The 3D Printing ETF 13.2 66 -16 0.7 -0.6
NULC Nuveen ESG Large-Cap ETF 13.1 20 30 4.3 +2.9
IGM iShares Expanded Tech Sector ETF 13.1 46 4 3.4 +2.1
XHE SPDR S&P Health Care Equipment ETF 13.1 35 15 0.6 -0.8
IQSU IQ Candriam ESG US Equity ETF 13.1 9 41 4.6 +3.2
IYK iShares U.S. Consumer Goods ETF 13.1 43 7 4.4 +3.0
XLY Consumer Discretionary Select Sector SPDR Fund 13.1 13 37 3.2 +1.8
LRGF iShares Edge MSCI Multifactor USA ETF 13.1 20 30 6.2 +4.8
IYW iShares U.S. Technology ETF 13.1 43 7 3.6 +2.2
USXF iShares ESG Advanced MSCI USA ETF 13.0 10 40 4.6 +3.2
VCR Vanguard Consumer Discretionary Index Fund 12.9 10 40 3.4 +2.0
FDIS Fidelity MSCI Consumer Discretionary Index ETF 12.9 8 42 3.4 +2.0
QTUM Defiance Quantum ETF 12.7 40 10 4.4 +3.0
SPXN ProShares S&P 500 Ex-Financials ETF 12.6 27 23 4.5 +3.1
SPHQ Invesco S&P 500 Quality ETF 12.3 15 35 4.5 +3.1
JKH iShares Morningstar Mid-Cap Growth ETF 12.3 30 20 1.9 +0.6
TDIV First Trust NASDAQ Technology Dividend Index Fund 12.3 50 0 5.9 +4.5
PSI Invesco Dynamic Semiconductors ETF 12.2 57 -7 3.8 +2.4
VOOG Vanguard S&P 500 Growth ETF 12.2 10 40 4.1 +2.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 12.2 9 41 4.9 +3.5
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF 12.2 69 -19 4.1 +2.8
ALFA AlphaClone Alternative Alpha ETF 12.1 65 -15 -0.3 -1.6
RXI iShares Global Consumer Discretionary ETF 12.1 46 4 3.8 +2.4
EKAR Innovation Shares NextGen Vehicles & Technology ETF 12.0 95 -45 5.2 +3.8
FDMO Fidelity Momentum Factor ETF 12.0 29 21 2.5 +1.2
ESG FlexShares STOXX US ESG Impact Index Fund 12.0 32 18 4.6 +3.2
THNQ ROBO Global Artificial Intelligence ETF 12.0 68 -18 1.3 -0.0
PBP Invesco S&P 500 BuyWrite ETF 12.0 49 1 4.4 +3.0
ESGU iShares MSCI USA ESG Optimized ETF 11.9 15 35 4.5 +3.1
ECOZ TrueMark ESG Active Opportunities ETF 11.8 58 -8 3.1 +1.7
SPXE ProShares S&P 500 Ex-Energy ETF 11.8 27 23 4.7 +3.3
XYLG Global X S&P 500 Covered Call & Growth ETF 11.8 60 -10 4.4 +3.1

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 Intelligent Machines 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 18.6 %
Divided by: Fwd. P/BV 9.9 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 1.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.48
 
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.