FLGB
Franklin FTSE United Kingdom ETF
FLGB tracks a market-cap-weighted index of large- and midcap companies from the United Kingdom.
International
EQUITY
Passive
MANAGEMENT STYLE
725.8 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) | $726 |
| 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
| ASTRAZENECA PLC | 8.5 % |
| SHELL PLC | 8.3 % |
| UNILEVER PLC | 5.4 % |
| HSBC HOLDINGS PLC | 5.1 % |
| BP PLC | 3.6 % |
| REED ELSEVIER PLC | 3.1 % |
| GSK PLC | 2.9 % |
| DIAGEO PLC | 2.7 % |
| BRITISH AMERICAN TOBACCO PLC | 2.5 % |
| RIO TINTO PLC | 2.5 % |
Constituent Breakdown
| Number of holdings | 110 |
| Herfindahl-Hirschman Index | 310 |
| Wgt avg mkt cap (mns) | $94,129 |
| Large cap (>$10bn) | 90.1% |
| Mid cap ($2-10bn) | 9.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
BRITAIN | 90.5 % |
 |
IRELAND | 5.9 % |
 |
SWITZERLAND | 2.7 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 11.3% | 19.5% | 23.3% | 7.9% | 7.1% | -- | 4.9% | Volatility | 11.3% | 13.1% | 17.3% | 17.4% | 21.6% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.73 | 57% |
| MSCI EAFE | 0.91 | 87% |
| MSCI Emg Mkts | 0.77 | 59% |
Liquidity Measures
| Avg. volume (000) | 58 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.06% |
| ADV of underlying (mns) | $7,404 |
Technical Indicators
| Recent close | $27.97 |
| 30d moving avg. | $28.18 |
| Annualized volatility | 17.3% |
| Relative strength (RSI) | 57 |
| Short interest (ETF) | 0.1% |
| 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. FLGB |
Expenses vs. FLGB |
ALTAR Score™ vs. FLGB |
|---|---|---|---|---|
| EWU | iShares MSCI United Kingdom ETF | 83.4% | +41 bp | +0.5% |
| FKU | First Trust United Kingdom AlphaDEX Fund | 36.4% | +71 bp | +0.6% |
| FLEE | Franklin FTSE Europe ETF | 23.7% | 0 bp | -0.8% |
| BBEU | JPMorgan BetaBuilders Europe ETF | 23.3% | 0 bp | -0.9% |
| DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 22.1% | +37 bp | -1.5% |
| IEV | iShares Europe ETF | 22.0% | +58 bp | -1.4% |
| OEUR | ALPS O'Shares Europe Quality Dividend ETF | 21.4% | +39 bp | -2.3% |
| GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 20.5% | +16 bp | -0.8% |
| HDEF | Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 20.1% | 0 bp | +2.1% |
| VGK | Vanguard FTSE Europe ETF | 19.9% | +2 bp | -0.9% |
Risk and Returns: FLGB 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 10/22/2024
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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
FLGB
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™
FLGB
7.8%
Cat. Avg
7.4%
ALTAR Score™ Calculation
Category Overview
There are 257 funds in the International Equity category, with an average ALTAR Score™
of 7.4% and a standard deviation of
2.5%. FLGB's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places FLGB in the 56th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FLGBSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive International Equity ETFs |
| # of ETFs | 77 |
| Avg. Expense Ratio | 38.8 bp |
| Std. Deviation | 21.2 bp |
| FLGB (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) |
|
|---|---|---|---|
| FLGB | 9.0 | 6.3 | 15.3 |
| Peer Avg. | 42.7 | 17.5 | 60.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .