FLEE
Franklin FTSE Europe ETF
The Franklin FTSE Europe ETF tracks a market-cap-weighted index of large- and midcap stocks in developed European countries.
International
EQUITY
Passive
MANAGEMENT STYLE
9 bp
EXPENSES
$81.8 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Franklin Templeton |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 02, 2017 |
| Assets (mns) | $82 |
| Expense ratio | 9 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 | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| NOVO NORDISK A/S-B | 3.8 % |
| ASML HOLDING NV | 3.5 % |
| NESTLE SA-REG | 2.4 % |
| ASTRAZENECA PLC | 2.0 % |
| SHELL PLC | 1.9 % |
| ROCHE HOLDING AG-BR | 1.9 % |
| NOVARTIS AG | 1.9 % |
| SAP AG | 1.8 % |
| LVMH MOET HENNESSY LOUIS VUI | 1.6 % |
| HSBC HOLDINGS PLC | 1.2 % |
Constituent Breakdown
| Number of holdings | 538 |
| Herfindahl-Hirschman Index | 84 |
| Wgt avg mkt cap (mns) | $114,618 |
| Large cap (>$10bn) | 90.0% |
| Mid cap ($2-10bn) | 7.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.5% |
| Emerging mkts. | 0.5% |
Country Exposure
 |
BRITAIN | 21.1 % |
 |
FRANCE | 14.6 % |
 |
SWITZERLAND | 13.9 % |
 |
GERMANY | 11.3 % |
 |
NETHERLANDS | 7.8 % |
 |
DENMARK | 5.3 % |
 |
SWEDEN | 4.4 % |
 |
SPAIN | 4.0 % |
 |
ITALY | 3.7 % |
 |
IRELAND | 1.7 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 1.8% | 7.3% | 14.5% | 2.4% | 6.6% | -- | 4.9% | Volatility | 11.5% | 12.8% | 17.7% | 18.0% | 21.1% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.95 | 76% |
| MSCI EAFE | 1.11 | 96% |
| MSCI Emg Mkts | 0.85 | 58% |
Liquidity Measures
| Avg. volume (000) | 34 |
| Turnover | 1.2% |
| Avg. Bid/Ask (% of price) | 0.21% |
| ADV of underlying (mns) | $21,993 |
Technical Indicators
| Recent close | $29.22 |
| 30d moving avg. | $29.51 |
| Annualized volatility | 19.6% |
| Relative strength (RSI) | 57 |
| 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. FLEE |
Expenses vs. FLEE |
ALTAR Score™ vs. FLEE |
|---|---|---|---|---|
| DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 87.5% | +37 bp | -0.4% |
| BBEU | JPMorgan BetaBuilders Europe ETF | 86.7% | 0 bp | +0.0% |
| IEV | iShares Europe ETF | 79.8% | +58 bp | -0.7% |
| IEUR | iShares Core MSCI Europe ETF | 79.0% | +2 bp | -0.3% |
| VGK | Vanguard FTSE Europe ETF | 77.9% | +2 bp | -0.2% |
| SPEU | SPDR Portfolio Europe ETF | 77.0% | -2 bp | -0.3% |
| GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 69.8% | +16 bp | 0.0% |
| IQSI | IQ Candriam International Equity ETF | 60.5% | +6 bp | -0.5% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 58.4% | +27 bp | -0.4% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 58.1% | +11 bp | -0.1% |
Risk and Returns: FLEE 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 7/25/2024
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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
FLEE
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™
FLEE
6.9%
Cat. Avg
7.2%
Fund Category: International
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 6.9% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 258 funds in the International category, with an average ALTAR Score™
of 7.2% and a standard deviation of
2.4%. FLEE's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places FLEE in the 46th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FLEE
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Passive International Equity ETFs |
| # of ETFs | 77 |
| Avg. Expense Ratio | 38.8 bp |
| Std. Deviation | 21.2 bp |
| FLEE (9 bp) Percentile rank | 8 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FLEE | 9.0 | 20.5 | 29.5 |
| Peer Avg. | 26.0 | 14.3 | 40.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .