FLCH
Franklin FTSE China ETF
The Franklin FTSE China ETF tracks a market-cap-weighted index of large- and midcap companies in China.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
241.9 M
ASSETS UNDER MGMT
19 bp
EXPENSES
Fund Basics
| Fund sponsor | Franklin Templeton |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 02, 2017 |
| Assets (mns) | $242 |
| Expense ratio | 19 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TENCENT HOLDINGS LTD | 17.0 % |
| ALIBABA GROUP HOLDING LTD. | 10.1 % |
| XIAOMI CORP. CLASS B | 4.0 % |
| CHINA CONSTRUCTION BANK-H | 3.2 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 3.1 % |
| MEITUAN DIANPING | 2.6 % |
| IND & COMM BK OF CHINA - H | 2.1 % |
| NETEASE, INC | 1.7 % |
| BANK OF CHINA LTD - H | 1.6 % |
| PING AN INSURANCE GROUP CO-H | 1.6 % |
Constituent Breakdown
| Number of holdings | 992 |
| Herfindahl-Hirschman Index | 466 |
| Wgt avg mkt cap (mns) | $213,210 |
| Large cap (>$10bn) | 83.0% |
| Mid cap ($2-10bn) | 16.7% |
| Small cap (<$2bn) | 2.1% |
| Developed mkts. | 4.5% |
| Emerging mkts. | 91.6% |
Country Exposure
 |
CHINA | 97.0 % |
 |
HONG KONG | 5.3 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 36.7% | 29.3% | 23.7% | 20.9% | -3.8% | -- | -- | -0.1% |
| Dividend Yield | 0.0% | 0.0% | 1.9% | 2.4% | 1.7% | -- | -- | 1.6% |
| Total Returns | 36.7% | 29.3% | 25.6% | 23.3% | -2.1% | -- | -- | 1.5% | Ann. Volatility | 26.0% | 27.5% | 28.7% | 28.6% | 30.2% | -- | -- | 28.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.79 | 12% |
| MSCI EAFE | 1.15 | 33% |
| MSCI Emg Mkts | 1.38 | 55% |
Liquidity Measures
| Avg. volume (000) | 146 |
| ADV traded (mns) | $4 |
| Turnover | 1.5% |
| Avg. Bid/Ask (% of price) | 0.10% |
Technical Indicators
| Recent close | $25.15 |
| 30d moving avg. | $25.50 |
| Annualized volatility | 29.7% |
| Relative strength (RSI) | 52 |
| Short interest | 5.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| MCHI | iShares MSCI China ETF | 78.5% | +40 bp | +16.2% |
| GXC | SPDR S&P China ETF | 69.0% | +40 bp | +15.2% |
| KALL | KraneShares MSCI All China Index ETF | 64.9% | +30 bp | +12.7% |
| FXI | iShares China Large-Cap ETF | 53.0% | +55 bp | +16.3% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 52.9% | +13 bp | +12.9% |
| BKF | iShares MSCI BIC ETF | 49.3% | +50 bp | +12.7% |
| MCH | Matthews China Active ETF | 44.3% | +60 bp | +13.3% |
| JCHI | JPMorgan Active China ETF | 44.2% | +46 bp | +13.9% |
| AIA | iShares Asia 50 ETF | 40.5% | +31 bp | +12.1% |
| KWEB | KraneShares CSI China Internet ETF | 37.9% | +50 bp | +23.8% |
Risk and Returns: FLCH vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/3/2025
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
FLCH
14.9%
Cat. Avg
7.6%
ALTAR Score™ Calculation
Category Overview
There are 126 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.6% and a standard deviation of
2.6%. FLCH's ALTAR Score™ is approximately
2.9 standard deviations
above
the category average. This places FLCH in the 99th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FLCHSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 55 |
| Avg. Expense Ratio | 51.4 bp |
| Std. Deviation | 23.9 bp |
| FLCH (19 bp) Percentile rank | 9 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FLCH | 19.0 | 9.6 | 28.6 |
| Peer Avg. | 51.4 | 34.2 | 85.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .