Franklin Intelligent Machines ETF
ALTAR
Score™
2.1% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
53.1x P/Sales
ratio
5.6x
P/BV
ratio
6.6x Div.
yield
0.5%


  • 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) $3
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 60
Wgt avg mkt cap (mns) $110,402
Large cap (>$10bn) 68.6%
Mid cap ($2-10bn) 29.0%
Small cap (<$2bn) 2.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TESLA MOTORS INC 6.1 %
INTUITIVE SURGICAL INC 4.5 %
AUTODESK INC 4.1 %
APPLE INC 4.0 %
IRHYTHM TECHNOLOGIES, INC. 3.8 %
DASSAULT SYSTEMES SA 3.5 %
ANSYS INC 3.5 %
AXON ENTERPRISE INC 3.2 %
DESCARTES SYSTEMS GRP/THE 3.0 %
ZEBRA TECHNOLOGIES CORP-CL A 2.9 %
Total 38.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 75.7 %
IRELAND 4.7 %
FRANCE 4.5 %
GERMANY 3.3 %
JAPAN 3.2 %
CANADA 3.0 %
NETHERLANDS 1.2 %
SWITZERLAND 0.8 %
BRITAIN 0.8 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
37.3% -- -- -- 37.3%

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

Technical Indicators
Recent close $28.59
30d moving avg. $27.39
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 1
Turnover 1.0%
Bid/Ask (% of price) 0.36%
ADV underlying (mns) $49,081

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 2.1%


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
(%)
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 27.5 50 0 4.1 +2.0
ARKQ Ark Industrial Innovation ETF 23.5 75 -25 0.7 -1.4
JHMT John Hancock Multifactor Technology ETF 21.1 40 10 5.0 +2.9
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 21.0 75 -25 2.1 -0.0
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 20.5 57 -7 5.0 +2.9
PRNT The 3D Printing ETF 20.3 66 -16 1.2 -0.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 19.7 65 -15 3.8 +1.8
ROBO Robo Global Robotics & Automation Index ETF 18.8 95 -45 3.6 +1.5
QMOM Alpha Architect U.S. Quantitative Momentum ETF 18.4 49 1 2.2 +0.1
IDRV iShares Self-driving EV & Tech ETF 17.9 47 3 7.2 +5.1
RYT Invesco S&P 500 Equal Weight Technology ETF 17.8 40 10 6.7 +4.7
LOUP Innovator Loup Frontier Tech ETF 17.7 70 -20 4.0 +1.9
RPG Invesco S&P 500 Pure Growth ETF 17.1 35 15 4.4 +2.3
MOTO SmartETFs Smart Transportation & Technology ETF 17.0 68 -18 7.9 +5.8
XNTK SPDR NYSE Technology ETF 16.5 35 15 3.7 +1.6
PEXL Pacer US Export Leaders ETF 16.2 60 -10 6.1 +4.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 16.0 59 -9 4.2 +2.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 16.0 35 15 4.4 +2.4
DRIV Global X Autonomous & Electric Vehicles ETF 15.7 68 -18 5.6 +3.5
DTEC ALPS Disruptive Technologies ETF 15.0 50 0 3.6 +1.5
QTUM Defiance Quantum ETF 14.8 40 10 5.8 +3.7
FTC First Trust Large Cap Growth AlphaDEX Fund 14.8 61 -11 2.9 +0.8
NULG Nuveen ESG Large-Cap Growth ETF 14.5 35 15 3.6 +1.5
HLAL Wahed FTSE USA Shariah ETF 14.4 50 0 4.7 +2.6
MTUM iShares Edge MSCI USA Momentum Factor ETF 14.1 15 35 4.2 +2.1
PWB Invesco Dynamic Large Cap Growth ETF 14.1 55 -5 3.4 +1.3
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 14.0 49 1 5.2 +3.1
QYLD Global X NASDAQ 100 Covered Call ETF 13.9 60 -10 3.5 +1.4
NUSI Nationwide Risk-Managed Income ETF 13.8 68 -18 3.5 +1.4
QQQ Invesco QQQ Trust 13.7 20 30 3.9 +1.8
IXN iShares Global Tech ETF 13.5 46 4 4.5 +2.5
FXL First Trust Technology AlphaDEX Fund 13.4 61 -11 3.2 +1.1
XT iShares Exponential Technologies ETF 13.3 47 3 5.1 +3.1
XLK Technology Select Sector SPDR Fund 13.1 13 37 4.8 +2.7
FTEC Fidelity MSCI Information Technology Index ETF 13.0 8 42 4.6 +2.5
VGT Vanguard Information Technology Index Fund 12.9 10 40 4.6 +2.5
DSTL Distillate US Fundamental Stability & Value ETF 12.8 39 11 6.6 +4.5
PDP Invesco DWA Momentum ETF 12.8 62 -12 2.8 +0.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 12.7 49 1 4.1 +2.0
SMH VanEck Vectors Semiconductor ETF 12.4 35 15 5.6 +3.5
IYW iShares U.S. Technology ETF 12.3 42 8 4.0 +2.0
JMOM JPMorgan U.S. Momentum Factor ETF 12.3 12 38 3.9 +1.8
JKH iShares Morningstar Mid-Cap Growth ETF 12.3 30 20 2.3 +0.2
IGM iShares Expanded Tech Sector ETF 12.2 46 4 3.8 +1.8
ARKK ARK Innovation ETF 12.1 75 -25 -2.9 -5.0
IRBO iShares Robotics & Artificial Intelligence ETF 12.1 47 3 2.7 +0.7
SOXX iShares PHLX Semiconductor ETF 11.8 46 4 5.4 +3.3
BOTZ Global X Robotics & Artificial Intelligence ETF 11.8 68 -18 2.9 +0.8
SPHQ Invesco S&P 500 Quality ETF 11.7 15 35 4.7 +2.6
VUG Vanguard Growth Index Fund 11.6 4 46 4.1 +2.0
LRGF iShares Edge MSCI Multifactor USA ETF 11.5 20 30 7.4 +5.3
IWP iShares Russell Mid-Cap Growth ETF 11.5 24 26 4.1 +2.1
SUSA iShares MSCI USA ESG Select ETF 11.4 25 25 4.8 +2.8
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 11.4 59 -9 3.7 +1.6
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 11.4 21 29 3.0 +0.9
VEGN US Vegan Climate ETF 11.3 60 -10 5.2 +3.2
FTXL First Trust Nasdaq Semiconductor ETF 11.3 60 -10 5.0 +3.0
FDMO Fidelity Momentum Factor ETF 11.2 29 21 3.9 +1.8
BUL Pacer US Cash Cows Growth ETF 11.2 60 -10 6.2 +4.2
IWF iShares Russell 1000 Growth ETF 11.1 19 31 4.2 +2.1
VONG Vanguard Russell 1000 Growth Index Fund 11.1 8 42 4.3 +2.2
THNQ ROBO Global Artificial Intelligence ETF 11.1 68 -18 1.9 -0.2
EKAR Innovation Shares NextGen Vehicles & Technology ETF 11.1 95 -45 8.6 +6.5
MGK Vanguard Mega Cap Growth ETF 11.0 7 43 4.2 +2.1
TECB iShares US Tech Breakthrough Multisector ETF 11.0 40 10 4.0 +1.9
VOOG Vanguard S&P 500 Growth ETF 10.9 10 40 4.3 +2.2
IVW iShares S&P 500 Growth ETF 10.9 18 32 4.2 +2.1
SPYG SPDR Portfolio S&P 500 Growth ETF 10.9 4 46 4.4 +2.3
TDV ProShares S&P Technology Dividend Aristocrats ETF 10.8 45 5 4.8 +2.7
IUSG iShares Core S&P US Growth ETF 10.8 4 46 4.4 +2.3
STLG iShares Factors US Growth Style ETF 10.6 25 25 3.7 +1.6
IHI iShares U.S. Medical Devices ETF 10.6 43 7 3.5 +1.4
NUMG Nuveen ESG Mid-Cap Growth ETF 10.4 40 10 2.4 +0.3
PSI Invesco Dynamic Semiconductors ETF 10.3 58 -8 4.9 +2.8
GDNA Goldman Sachs Motif Human Evolution ETF 10.3 50 0 0.3 -1.8
SPMO Invesco S&P 500 Momentum ETF 10.3 13 37 4.4 +2.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 10.2 9 41 5.6 +3.5
ADME Aptus Drawdown Managed Equity ETF 10.2 81 -31 3.6 +1.5
FMK First Trust Mega Cap AlphaDEX Fund 10.1 70 -20 5.2 +3.2
XHE SPDR S&P Health Care Equipment ETF 10.1 35 15 1.7 -0.4
IETC iShares Evolved U.S. Technology ETF 10.0 18 32 3.8 +1.8
JHML John Hancock Multifactor Large Cap ETF 10.0 29 21 5.6 +3.5
ETHO Etho Climate Leadership U.S. ETF 10.0 47 3 4.4 +2.3
JKE iShares Morningstar Large-Cap Growth ETF 10.0 25 25 2.9 +0.8
ESGU iShares MSCI USA ESG Optimized ETF 10.0 15 35 5.2 +3.1
CATH Global X S&P 500 Catholic Values Custom ETF 10.0 29 21 5.3 +3.2
PTF Invesco DWA Technology Momentum ETF 9.9 60 -10 1.2 -0.9
IWY iShares Russell Top 200 Growth ETF 9.9 20 30 4.2 +2.1
SCHG Schwab U.S. Large-Cap Growth ETF 9.9 4 46 4.2 +2.1
QDYN FlexShares Quality Dividend Dynamic Index Fund 9.9 37 13 6.3 +4.2
ESG FlexShares STOXX US ESG Impact Index Fund 9.9 32 18 5.1 +3.0
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 9.9 99 -49 2.3 +0.2
SPXN ProShares S&P 500 Ex-Financials ETF 9.8 27 23 5.0 +2.9
FDG American Century Focused Dynamic Growth ETF 9.8 45 5 1.8 -0.3
IQSU IQ Candriam ESG US Equity ETF 9.8 9 41 5.1 +3.0
ARKW ARK Web x.0 ETF 9.8 76 -26 -0.8 -2.9
IGV iShares North American Tech-Software ETF 9.7 46 4 2.4 +0.3
PBUS Invesco PureBeta MSCI USA ETF 9.7 4 46 5.3 +3.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 9.7 2 48 5.4 +3.3
PZD Invesco Cleantech ETF 9.6 68 -18 4.8 +2.7

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

  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 15.8 %
Divided by: Fwd. P/BV 6.1 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 2.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.50
 
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.