FLSA
Franklin FTSE Saudi Arabia ETF
FLSA seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Saudi Arabia Capped Index. FTSE Saudi Arabia Capped Index is a market-capitalization weighted index representing the performance of Saudi Arabian large and mid capitalization stocks.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
18.3 M
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Fund sponsor | Franklin Templeton Investments |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 09, 2018 |
| Assets (mns) | $18 |
| Expense ratio | 39 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
| AL RAJHI BANK | 14.3 % |
| SAUDI ARABIAN OIL COMPANY (SAUDI ARAMCO) | 10.9 % |
| NATIONAL COMMERCIAL BANK CJSC | 7.5 % |
| ACWA POWER | 6.3 % |
| SAUDI TELECOM CO. | 6.2 % |
| SAUDI ARABIAN MINING CO. | 4.6 % |
| SAUDI BASIC INDUSTRIES CORP. | 4.4 % |
| RIYAD BANK | 3.4 % |
| ALINMA BANK | 3.1 % |
| SAUDI BRITISH BANK | 2.8 % |
Constituent Breakdown
| Number of holdings | 69 |
| Herfindahl-Hirschman Index | 571 |
| Wgt avg mkt cap (mns) | $216,376 |
| Large cap (>$10bn) | 72.7% |
| Mid cap ($2-10bn) | 21.4% |
| Small cap (<$2bn) | 1.6% |
| Developed mkts. | 95.8% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
SAUDI ARABIA | 95.8 % |
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -5.5% | -3.8% | -2.2% | -6.9% | 7.7% | -- | -- | 5.2% |
| Dividend Yield | 0.0% | 1.5% | 2.3% | 2.0% | 2.4% | -- | -- | 2.2% |
| Total Returns | -5.5% | -2.3% | 0.1% | -4.9% | 10.1% | -- | -- | 7.4% | Ann. Volatility | 15.7% | 14.2% | 14.5% | 15.8% | 15.6% | -- | -- | 20.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.55 | 32% |
| MSCI EAFE | 0.49 | 28% |
| MSCI Emg Mkts | 0.32 | 11% |
Liquidity Measures
| Avg. volume (000) | 2 |
| ADV traded (mns) | $0 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.22% |
Technical Indicators
| Recent close | $33.35 |
| 30d moving avg. | $34.19 |
| Annualized volatility | 16.2% |
| Relative strength (RSI) | 42 |
| Short interest | 1.6% |
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. |
|---|---|---|---|---|
| KSA | iShares MSCI Saudi Arabia ETF | 84.3% | +35 bp | 0.0% |
| EELV | Invesco S&P Emerging Markets Low Volatility ETF | 11.8% | -10 bp | +8.6% |
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 6/9/2025
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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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
0.0%
Cat. Avg
8.2%
ALTAR Score™ Calculation
Category Overview
There are 112 funds in the Emerging Equity category, with an average ALTAR Score™
of 8.2% and a standard deviation of
2.6%. 's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places in the percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FLSASELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| (39 bp) Percentile rank | 19 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| 39.0 | 0.0 | 39 | |
| Peer Avg. | 61.5 | 44.6 | 106.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .