FLZA
Franklin FTSE South Africa ETF
FLZA seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE/JSE South Africa Capped Index. FTSE/JSE South Africa Capped Index is a market-capitalization weighted index representing the performance of South African large and mid capitalization stocks.
Fund Basics
| Fund sponsor | Franklin Templeton Investments |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 10, 2018 |
| Assets (mns) | $2 |
| Expense ratio | 19 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
| NASPERS LTD-N SHS | 16.0 % |
| FIRSTRAND LTD | 8.5 % |
| STANDARD BANK GROUP LTD | 6.9 % |
| GOLD FIELDS LTD | 5.6 % |
| MTN GROUP LIMITED | 4.5 % |
| CAPITEC BANK HOLDINGS LTD | 4.4 % |
| ABSA GROUP LTD | 4.2 % |
| BID CORP. LTD. | 3.8 % |
| SASOL LTD | 3.4 % |
| SHOPRITE HOLDINGS LTD | 3.2 % |
Constituent Breakdown
| Number of holdings | 41 |
| Herfindahl-Hirschman Index | 3,716,209 |
| Wgt avg mkt cap (mns) | $11,423 |
| Large cap (>$10bn) | 40.4% |
| Mid cap ($2-10bn) | 54.1% |
| Small cap (<$2bn) | 5.4% |
| Developed mkts. | 0.0% |
| Emerging mkts. | 100.0% |
Country Exposure
 |
SOUTH AFRICA | 98.0 % |
 |
LUXEMBOURG | 1.5 % |
 |
BRITAIN | 1.4 % |
Historical Performance
Standardized Annual Returns (as of 10/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -11.2% | 0.0% | -8.5% | 4.6% | 0.6% | -- | 0.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.91 | 39% |
| MSCI EAFE | 1.09 | 59% |
| MSCI Emg Mkts | 1.06 | 53% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.54% |
| ADV of underlying (mns) | $442 |
Technical Indicators
| Recent close | $19.58 |
| 30d moving avg. | $19.72 |
| Annualized volatility | 26.2% |
| Relative strength (RSI) | 43 |
| Short interest (ETF) | 0.0% |
| 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. FLZA |
Expenses vs. FLZA |
ALTAR Score™ vs. FLZA |
|---|
Risk and Returns: FLZA 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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 12/1/2023
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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
FLZA
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™
FLZA
0.0%
Cat. Avg
7.0%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 0.0% |
Recommendation
Category Overview
There are 176 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.0% and a standard deviation of
4.2%. FLZA's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places FLZA in the percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FLZA
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FLZA | 19.0 | 53.7 | 72.7 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .