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
112.6 M
ASSETS UNDER MGMT
9 bp
EXPENSES
Fund Basics
| Fund sponsor | Franklin Templeton |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 02, 2017 |
| Assets (mns) | $113 |
| 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
| ASML HOLDING NV | 2.5 % |
| SAP AG | 2.4 % |
| ROCHE HOLDING AG-BR | 2.1 % |
| NOVARTIS AG | 2.1 % |
| ASTRAZENECA PLC | 2.0 % |
| NESTLE SA-REG | 2.0 % |
| HSBC HOLDINGS PLC | 1.9 % |
| SHELL PLC | 1.8 % |
| SIEMENS AG-REG | 1.6 % |
| NOVO NORDISK A/S-B | 1.4 % |
Constituent Breakdown
| Number of holdings | 520 |
| Herfindahl-Hirschman Index | 79 |
| Wgt avg mkt cap (mns) | $107,034 |
| Large cap (>$10bn) | 92.9% |
| Mid cap ($2-10bn) | 5.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 94.4% |
| Emerging mkts. | 0.5% |
Country Exposure
 |
BRITAIN | 23.0 % |
 |
SWITZERLAND | 15.4 % |
 |
FRANCE | 15.2 % |
 |
GERMANY | 13.9 % |
 |
NETHERLANDS | 6.5 % |
 |
SPAIN | 5.5 % |
 |
ITALY | 5.2 % |
 |
SWEDEN | 5.0 % |
 |
DENMARK | 2.9 % |
 |
IRELAND | 2.1 % |
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 | 26.6% | 19.7% | 19.2% | 17.2% | 10.1% | -- | -- | 4.3% |
| Dividend Yield | 0.0% | 0.0% | 2.0% | 2.6% | 3.1% | -- | -- | 2.8% |
| Total Returns | 26.6% | 19.7% | 21.2% | 19.8% | 13.2% | -- | -- | 7.1% | Ann. Volatility | 17.4% | 16.9% | 15.0% | 15.4% | 17.3% | -- | -- | 19.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.75 | 39% |
| MSCI EAFE | 0.82 | 60% |
| MSCI Emg Mkts | 0.70 | 52% |
Liquidity Measures
| Avg. volume (000) | 10 |
| ADV traded (mns) | $0 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.26% |
Technical Indicators
| Recent close | $35.10 |
| 30d moving avg. | $35.11 |
| Annualized volatility | 15.6% |
| Relative strength (RSI) | 53 |
| Short interest | 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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 94.2% | +37 bp | +6.5% |
| BBEU | JPMorgan BetaBuilders Europe ETF | 92.6% | 0 bp | +7.0% |
| IEV | iShares Europe ETF | 83.9% | +58 bp | +6.5% |
| IEUR | iShares Core MSCI Europe ETF | 79.2% | +2 bp | +7.0% |
| VGK | Vanguard FTSE Europe ETF | 79.0% | -3 bp | +7.2% |
| SPEU | SPDR Portfolio Europe ETF | 77.6% | -2 bp | +7.1% |
| GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 72.1% | +16 bp | +7.1% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 65.4% | +27 bp | +6.2% |
| BBIN | JPMorgan BetaBuilders International Equity ETF | 65.3% | -2 bp | +6.7% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 65.0% | +11 bp | +6.5% |
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
| 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
Peer Group Comparison Sample data. Subscribe for access.
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
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.
ALTAR Score™
FLEE
7.0%
Cat. Avg
6.8%
ALTAR Score™ Calculation
Category Overview
There are 265 funds in the International Equity category, with an average ALTAR Score™
of 6.8% and a standard deviation of
1.8%. FLEE's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places FLEE in the 54th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FLEESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive International Equity ETFs |
| # of ETFs | 81 |
| Avg. Expense Ratio | 39.0 bp |
| Std. Deviation | 20.7 bp |
| FLEE (9 bp) Percentile rank | 7 |
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 | 26.2 | 35.2 |
| Peer Avg. | 39.0 | 29.2 | 68.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .