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.


Passive, Concentrated

MANAGEMENT MATRIX

EZA

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorFranklin Templeton Investments
CategoryEmerging Market Equities
Asset classEquity
Websitelink...
Inception dateOct 10, 2018
Assets (mns)$3
Expense ratio19 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
NASPERS LTD-N SHS 12.5 %
FIRSTRAND LTD 7.8 %
MTN GROUP LIMITED 5.6 %
STANDARD BANK GROUP LTD 5.0 %
SASOL LTD 4.1 %
ABSA GROUP LTD 3.8 %
IMPALA PLATINUM HOLDINGS LTD 3.6 %
CAPITEC BANK HOLDINGS LTD 3.4 %
GOLD FIELDS LTD 3.4 %
SIBANYE GOLD LTD 3.1 %
Constituent Breakdown
Number of holdings54
Herfindahl-Hirschman Index 423
Wgt avg mkt cap (mns)$4,669
Large cap (>$10bn)17.0%
Mid cap ($2-10bn)49.7%
Small cap (<$2bn)8.1%
Developed mkts.0.0%
Emerging mkts.100.0%
Country Exposure
SOUTH AFRICA 98.1 %
BRITAIN 1.0 %
LUXEMBOURG 0.9 %
Historical Performance


Standardized Annual Returns (as of 08/31/2022)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-12.4% -17.3% 8.5% 1.1% -- -- 1.9%
Market Correlations
versus...BetaR-squared
S&P 5001.0549%
MSCI EAFE1.2263%
MSCI Emg Mkts1.2367%
Liquidity Measures
Avg. volume (000)1
Turnover0.7%
Avg. Bid/Ask (% of price)0.50%
ADV of underlying (mns)$770
Technical Indicators
Recent close$19.33
30d moving avg.$21.22
Annualized volatility28.8%
Relative strength (RSI)29
Short interest (ETF)1.7%
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
EZA iShares MSCI South Africa ETF   90.4%   +38 bp +1.2%
AFK VanEck Africa Index ETF   23.8%   +58 bp +1.0%
FEM First Trust Emerging Markets AlphaDEX Fund   10.8%   +61 bp +10.0%
DMAT Global X Disruptive Materials ETF   10.5%   +40 bp -1.1%
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
  2017 2018 2019 2020 2021 2022E 2023E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2021 2022E Fwd Est 2023E
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 --%
1.0 8.0 1.3 5.6% --
Based on closing prices from 9/30/2022
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

9.2%

Cat. Avg

8.7%

Fund Category: Emerging Market Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™9.2%
Recommendation

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.

Category Overview
There are 178 funds in the Emerging Market Equities category, with an average ALTAR Score™ of 8.7% and a standard deviation of 4.5%. FLZA's ALTAR Score™ is approximately 0.1 standard deviations above the category average. This places FLZA in the 54th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
FLZA
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
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Volume
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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 49.8 68.8
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.