FLCH
Franklin FTSE China ETF
The Franklin FTSE China ETF tracks a market-cap-weighted index of large- and midcap companies in China.
Fund Basics
| Fund sponsor | Franklin Templeton |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 02, 2017 |
| Assets (mns) | $107 |
| 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 | 11.2 % |
| ALIBABA GROUP HOLDING LTD. | 8.1 % |
| MEITUAN DIANPING | 4.4 % |
| JD.COM, INC. CLASS A | 3.2 % |
| CHINA CONSTRUCTION BANK-H | 2.8 % |
| IND & COMM BK OF CHINA - H | 1.9 % |
| PING AN INSURANCE GROUP CO-H | 1.8 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 1.6 % |
| BAIDU, INC. CLASS A | 1.5 % |
| BANK OF CHINA LTD - H | 1.3 % |
Constituent Breakdown
| Number of holdings | 981 |
| Herfindahl-Hirschman Index | 262 |
| Wgt avg mkt cap (mns) | $75,591 |
| Large cap (>$10bn) | 58.2% |
| Mid cap ($2-10bn) | 19.6% |
| Small cap (<$2bn) | 1.6% |
| Developed mkts. | 18.1% |
| Emerging mkts. | 81.9% |
Country Exposure
 |
CHINA | 90.5 % |
 |
HONG KONG | 7.1 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2022)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -24.5% | -26.5% | -22.0% | -5.7% | -4.5% | -- | -4.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.26 | 4% |
| MSCI EAFE | 0.48 | 12% |
| MSCI Emg Mkts | 0.94 | 51% |
Liquidity Measures
| Avg. volume (000) | 27 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.18% |
| ADV of underlying (mns) | $61,196 |
Technical Indicators
| Recent close | $19.15 |
| 30d moving avg. | $16.52 |
| Annualized volatility | 29.3% |
| Relative strength (RSI) | 62 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 0.0% |
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. FLCH |
Expenses vs. FLCH |
ALTAR Score™ vs. FLCH |
|---|---|---|---|---|
| MCHI | iShares MSCI China ETF | 86.1% | +38 bp | -0.2% |
| GXC | SPDR S&P China ETF | 58.4% | +40 bp | -0.8% |
| KALL | KraneShares MSCI All China Index ETF | 56.0% | +29 bp | +0.4% |
| BKF | iShares MSCI BRIC ETF | 52.2% | +51 bp | -1.2% |
| FXI | iShares China Large-Cap ETF | 51.4% | +55 bp | +4.1% |
| CN | Xtrackers MSCI All China Equity ETF | 45.6% | +31 bp | -0.1% |
| KESG | KraneShares MSCI China ESG Leaders Index ETF | 42.8% | +40 bp | +1.1% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 41.8% | +13 bp | -4.6% |
| AIA | iShares Asia 50 ETF | 39.5% | +31 bp | -0.8% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 36.1% | +31 bp | -2.8% |
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
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022E | 2023E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2021 | 2022E | Fwd Est | 2023E | |
| 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 12/6/2022
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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
FLCH
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
FLCH
10.7%
Cat. Avg
8.2%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 10.7% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 183 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 8.2% and a standard deviation of
4.4%. FLCH's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places FLCH in the 71st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FLCH
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FLCH | 19.0 | 18.0 | 37 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .