FLHK
Franklin FTSE Hong Kong ETF
FLHK offers market-cap-based exposure to large- and midcap Hong Kong equities
International
EQUITY
Passive
MANAGEMENT STYLE
13.5 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) | $14 |
| 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
| AIA GROUP LTD | 20.8 % |
| HONG KONG EXCHANGES & CLEAR | 13.4 % |
| TECHTRONIC INDUSTRIES CO | 4.6 % |
| CK HUTCHISON HOLDINGS LTD | 4.1 % |
| SUN HUNG KAI PROPERTIES | 3.4 % |
| BOC HONG KONG HOLDINGS LTD | 3.3 % |
| CLP HOLDINGS LTD | 3.3 % |
| LENOVO GROUP LTD | 3.0 % |
| LINK REIT | 2.9 % |
| HANG SENG BANK LTD | 2.4 % |
Constituent Breakdown
| Number of holdings | 72 |
| Herfindahl-Hirschman Index | 750 |
| Wgt avg mkt cap (mns) | $37,527 |
| Large cap (>$10bn) | 82.9% |
| Mid cap ($2-10bn) | 13.8% |
| Small cap (<$2bn) | 2.2% |
| Developed mkts. | 95.8% |
| Emerging mkts. | 3.2% |
Country Exposure
 |
HONG KONG | 92.1 % |
 |
MACAU | 1.9 % |
 |
BERMUDA | 1.1 % |
 |
CHINA | 1.0 % |
 |
ITALY | 1.0 % |
 |
LUXEMBOURG | 0.9 % |
 |
SINGAPORE | 0.6 % |
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 10.6% | 18.6% | -4.2% | -4.3% | -3.1% | -- | -- | -3.6% |
| Dividend Yield | 0.0% | 0.0% | 2.7% | 3.0% | 3.1% | -- | -- | 2.9% |
| Total Returns | 10.6% | 18.6% | -1.5% | -1.4% | 0.0% | -- | -- | -0.7% | Ann. Volatility | 21.2% | 24.6% | 22.2% | 22.1% | 20.2% | -- | -- | 21.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.51 | 11% |
| MSCI EAFE | 0.85 | 33% |
| MSCI Emg Mkts | 1.10 | 59% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.64% |
Technical Indicators
| Recent close | $19.17 |
| 30d moving avg. | $19.43 |
| Annualized volatility | 24.3% |
| Relative strength (RSI) | 54 |
| Short interest | 1.9% |
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. |
|---|---|---|---|---|
| EWH | iShares MSCI Hong Kong ETF | 79.1% | +41 bp | +5.3% |
| DVYA | iShares Asia/Pacific Dividend ETF | 24.4% | +40 bp | +8.1% |
| BBAX | JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF | 18.3% | +10 bp | +6.0% |
| EPP | iShares MSCI Pacific ex-Japan ETF | 18.0% | +38 bp | +5.4% |
| HDMV | First Trust Horizon Managed Volatility Developed Intl ETF | 10.9% | +71 bp | +6.1% |
Risk and Returns: 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 8/1/2025
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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
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
FLHK
6.7%
Cat. Avg
7.4%
ALTAR Score™ Calculation
Category Overview
There are 260 funds in the International Equity category, with an average ALTAR Score™
of 7.4% and a standard deviation of
1.8%. FLHK's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places FLHK in the 36th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FLHKSELL
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 |
| (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) |
|
|---|---|---|---|
| FLHK | 9.0 | 0.0 | 9 |
| Peer Avg. | 52.5 | 62.6 | 115.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .