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

9 bp

EXPENSES

$690.1 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorFranklin Templeton
CategoryInternational
Asset classEquity
Websitelink...
Inception dateNov 02, 2017
Assets (mns)$690
Expense ratio9 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-annual
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
ASTRAZENECA PLC 8.8 %
SHELL PLC 8.3 %
HSBC HOLDINGS PLC 5.3 %
UNILEVER PLC 5.2 %
BP PLC 3.6 %
REED ELSEVIER PLC 3.2 %
GSK PLC 3.1 %
DIAGEO PLC 2.7 %
RIO TINTO PLC 2.7 %
GLENCORE INTERNATIONAL PLC 2.6 %
Constituent Breakdown
Number of holdings108
Herfindahl-Hirschman Index 314
Wgt avg mkt cap (mns)$91,620
Large cap (>$10bn)89.7%
Mid cap ($2-10bn)10.3%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.1%
Country Exposure
BRITAIN 89.2 %
IRELAND 5.4 %
SWITZERLAND 2.9 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 2.5% 7.8% 10.9% 4.6% 4.9% -- 3.8%
Volatility 11.3% 13.1% 17.3% 17.4% 21.6% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.7259%
MSCI EAFE0.9187%
MSCI Emg Mkts0.7257%
Liquidity Measures
Avg. volume (000)77
Turnover0.3%
Avg. Bid/Ask (% of price)0.06%
ADV of underlying (mns)$4,848
Technical Indicators
Recent close$27.17
30d moving avg.$26.75
Annualized volatility16.9%
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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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 --%
1.3 11.3 1.6 4.0% --
Based on closing prices from 7/22/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

FLGB

8.2%

Cat. Avg

7.0%

Fund Category: International

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™8.2%
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 258 funds in the International category, with an average ALTAR Score™ of 7.0% and a standard deviation of 2.4%. FLGB's ALTAR Score™ is approximately 0.5 standard deviations above the category average. This places FLGB in the 69th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
FLGB
Peer Average
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
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. 43.8 19.3 63.1
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .