Franklin FTSE India ETF
ALTAR
Score™		 4.2% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 26.3x P/Sales
ratio		 2.7x
P/BV
ratio		 3.5x Div.
yield		 1.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
FLIN tracks a market-cap weighted index of large- and midcap Indian equities.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Franklin Templeton Investments
Website www.libertyshares.com
Inception date Feb 06, 2018
Assets (mns) $2,461
Currency USD
Expense ratio 19 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 281
Wgt avg mkt cap (mns) $187,497
Large cap (>$10bn) 82.3%
Mid cap ($2-10bn) 16.8%
Small cap (<$2bn) 0.4%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
RELIANCE INDS-SPONS GDR 144A 22.7 %
HDFC BANK LIMITED 5.5 %
ICICI BANK LTD 4.8 %
INFOSYS TECHNOLOGIES LTD 3.5 %
BHARTI AIRTEL LIMITED 3.5 %
MAHINDRA & MAHINDRA LTD. 2.3 %
AXIS BANK LIMITED 1.8 %
LARSEN & TOUBRO LIMITED 1.7 %
BAJAJ FINANCE LTD 1.7 %
TATA CONSULTANCY SVS LTD 1.6 %
Total 49.2 %

TOP COUNTRY EXPOSURE
INDIA 107.3 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-9.5% -10.1% 4.5% -- 5.7%

Market Correlations
versus... Beta R-squared
S&P500 0.62 24%
MSCI EAFE 0.57 34%
MSCI Emg. Mkts. 0.45 37%

Technical Indicators
Recent close $33.97
30d moving avg. $34.80
Annualized volatility 13.2%
Short interest (ETF) 0.4%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 371
Turnover 0.5%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $1,111

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 152 potential alternatives to the Franklin FTSE India ETF ETF based on the alternatives' overlap in portfolio holdings with FLIN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FLIN Expense: 19 bp ALTAR Score™: 4.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLIN
Ticker Fund
Name		 Overlap1
vs FLIN
(%)		 Expense
ratio
(bp)		 Savings
vs FLIN
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FLIN
(%)
INDA iShares MSCI India ETF 71.8 65 -46 4.7 +0.5
PIN Invesco India ETF 70.3 78 -59 4.8 +0.6
INDY iShares India 50 ETF 51.4 89 -70 5.4 +1.2
NFTY First Trust India NIFTY 50 Equal Weight ETF 41.5 80 -61 5.0 +0.8
XC WisdomTree Emerging Markets Ex-China Fund 39.0 32 -13 6.6 +2.4
NDIA Global X India Active ETF 25.0 75 -56 5.3 +1.1
BKF iShares MSCI BIC ETF 25.0 69 -50 14.9 +10.6
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 24.3 86 -67 13.4 +9.1
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 24.3 86 -67 0.3 -3.9
INQQ India Internet & Ecommerce ETF 24.3 86 -67 0.7 -3.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 18.7 32 -13 4.8 +0.6
JHEM John Hancock Multifactor Emerging Markets ETF 17.6 49 -30 7.5 +3.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 17.5 24 -5 5.2 +1.0
VEXC Vanguard Emerging Markets Ex-China ETF 16.9 7 12 5.7 +1.5
FLAX Franklin FTSE Asia Ex Japan ETF 15.9 19 0 7.1 +2.9
RNEM First Trust Emerging Markets Equity Select ETF 15.7 75 -56 8.2 +4.0
XCNY SPDR S&P Emerging Markets ex-China ETF 15.5 15 4 5.7 +1.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 15.2 40 -21 6.3 +2.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 14.7 15 4 8.0 +3.8
INCO Columbia India Consumer ETF 14.6 75 -56 2.2 -2.0
XCEM Columbia EM Core ex-China ETF 13.4 16 3 4.9 +0.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 13.1 36 -17 7.6 +3.4
BKEM BNY Mellon Emerging Markets Equity ETF 12.9 11 8 7.9 +3.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 12.9 20 -1 7.4 +3.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 12.5 66 -47 7.2 +3.0
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 12.4 25 -6 6.2 +1.9
EMMF WisdomTree Emerging Markets Multifactor Fund 12.2 48 -29 8.4 +4.2
GMF SPDR S&P Emerging Asia Pacific ETF 12.1 49 -30 8.6 +4.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 11.9 45 -26 8.1 +3.9
EEMA iShares MSCI Emerging Markets Asia ETF 11.9 49 -30 7.5 +3.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 11.7 95 -76 10.0 +5.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 11.6 32 -13 7.4 +3.2
EMXC iShares MSCI Emerging Markets ex China ETF 11.2 25 -6 5.1 +0.9
VWO Vanguard FTSE Emerging Markets ETF 11.1 7 12 9.2 +5.0
NUEM Nuveen ESG Emerging Markets Equity ETF 11.0 36 -17 6.1 +1.9
GLIN VanEck India Growth Leaders ETF 10.9 77 -58 5.5 +1.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 10.7 75 -56 6.4 +2.1
LDEM iShares ESG MSCI EM Leaders ETF 10.4 17 2 12.9 +8.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 10.3 70 -51 6.9 +2.7
ECON Columbia Emerging Markets Consumer ETF 10.2 49 -30 6.6 +2.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 10.2 30 -11 7.6 +3.4
CGXU Capital Group International Focus Equity ETF 10.1 54 -35 3.8 -0.4
STXE Strive Emerging Markets Ex-China ETF 10.1 32 -13 5.2 +1.0
DEHP Dimensional Emerging Markets High Profitability ETF 9.9 41 -22 4.8 +0.6
SCHE Schwab Emerging Markets Equity ETF 9.9 11 8 9.5 +5.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 9.8 15 4 8.8 +4.6
ROAM Hartford Multifactor Emerging Markets ETF 9.5 44 -25 7.5 +3.3
SPEM SPDR Portfolio Emerging Markets ETF 9.1 7 12 9.5 +5.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 9.1 33 -14 6.1 +1.9
AVES Avantis Emerging Markets Value ETF 9.0 36 -17 8.9 +4.7
EEM iShares MSCI Emerging Markets ETF 8.9 69 -50 7.8 +3.6
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 8.9 69 -50 7.4 +3.2
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 8.9 88 -69 8.4 +4.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 8.9 44 -25 9.5 +5.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 8.8 33 -14 6.7 +2.5
EMGF iShares Emerging Markets Equity Factor ETF 8.7 25 -6 8.8 +4.6
PXH Invesco FTSE RAFI Emerging Markets ETF 8.5 49 -30 13.4 +9.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 8.5 30 -11 8.0 +3.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 8.5 35 -16 10.0 +5.8
IEMG iShares Core MSCI Emerging Markets ETF 8.4 9 10 8.2 +4.0
EMXF iShares ESG Advanced MSCI EM ETF 8.4 16 3 6.7 +2.5
DEXC Dimensional Emerging Markets ex China Core EquityETF 8.3 53 -34 5.1 +0.9
DFAE Dimensional Emerging Core Equity Market ETF 8.2 35 -16 7.0 +2.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 7.8 59 -40 8.6 +4.3
AVEM Avantis Emerging Markets Equity ETF 7.6 33 -14 7.0 +2.8
AVSE Avantis Responsible Emerging Markets Equity ETF 7.5 33 -14 6.6 +2.4
IPAV Global X Infrastructure Development ex-U.S. ETF 7.5 55 -36 5.7 +1.5
ESGE iShares ESG Aware MSCI EM ETF 7.5 25 -6 8.3 +4.0
EEMO Invesco S&P Emerging Markets Momentum ETF 7.3 29 -10 6.6 +2.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 7.1 41 -22 6.9 +2.7
EMC Global X Emerging Markets Great Consumer ETF 7.1 75 -56 7.1 +2.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 6.9 38 -19 7.0 +2.8
FDEM Fidelity Emerging Markets Multifactor ETF 6.9 25 -6 10.4 +6.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 6.7 39 -20 13.7 +9.5
DFEV Dimensional Emerging Markets Value ETF 6.4 43 -24 9.4 +5.2
DGIN VanEck Digital India ETF 6.0 71 -52 1.5 -2.7
JADE JPMorgan Active Developing Markets Equity ETF 5.4 65 -46 6.1 +1.9
SMIN iShares MSCI India Small Cap ETF 5.2 79 -60 3.5 -0.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 4.7 50 -31 8.1 +3.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 4.7 70 -51 6.5 +2.3
SCHY Schwab International Dividend Equity ETF 4.5 14 5 8.5 +4.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 4.4 18 1 6.4 +2.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 3.9 45 -26 9.7 +5.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.9 60 -41 6.6 +2.4
ACWV iShares MSCI Global Min Vol Factor ETF 3.9 20 -1 5.7 +1.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.8 41 -22 6.0 +1.8
MINV Matthews Asia Innovators Active ETF 3.7 79 -60 5.1 +0.9
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 3.6 47 -28 5.0 +0.8
PICK iShares MSCI Global Metals & Mining Producers ETF 3.5 39 -20 8.0 +3.8
FEM First Trust Emerging Markets AlphaDEX Fund 3.4 80 -61 9.0 +4.7
DEM WisdomTree Emerging Markets High Dividend Fund 3.4 63 -44 10.3 +6.1
VEU Vanguard FTSE All-World ex-US Index Fund 3.2 4 15 6.7 +2.5
VXUS Vanguard Total International Stock ETF 3.0 5 14 6.7 +2.4
FTAG First Trust Indxx Global Agriculture ETF 3.0 70 -51 7.2 +3.0
ACWX iShares MSCI ACWI ex U.S. ETF 3.0 34 -15 6.4 +2.2
IXUS iShares Core MSCI Total International Stock ETF 2.9 7 12 6.6 +2.4
VSGX Vanguard ESG International Stock ETF 2.8 10 9 6.6 +2.4
MEM Matthews Emerging Markets Equity Active ETF 2.7 79 -60 8.5 +4.2
JIVE JPMorgan International Value ETF 2.6 55 -36 8.4 +4.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.6 30 -11 6.4 +2.2
CWI SPDR MSCI ACWI ex-US ETF 2.3 30 -11 6.5 +2.3
NXTG First Trust Indxx NextG ETF 2.1 70 -51 3.4 -0.8
AVEE Avantis Emerging Markets Small Cap Equity ETF 2.0 42 -23 7.6 +3.4
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.7 65 -46 7.3 +3.1
EYLD Cambria Emerging Shareholder Yield ETF 1.7 66 -47 9.2 +5.0
VIGI Vanguard International Dividend Appreciation ETF 1.5 10 9 6.1 +1.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.5 47 -28 7.2 +3.0
IQDF FlexShares International Quality Dividend Index Fund 1.4 47 -28 7.6 +3.4
VYMI Vanguard International High Dividend Yield ETF 1.3 17 2 8.1 +3.9
JIG JPMorgan International Growth ETF 1.3 55 -36 3.6 -0.6
IGRO iShares International Dividend Growth ETF 1.3 15 4 6.8 +2.6
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.2 12 7 8.8 +4.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.2 20 -1 4.7 +0.5
VEGI iShares MSCI Agriculture Producers ETF 1.2 39 -20 7.7 +3.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.2 42 -23 4.1 -0.2
AQLT iShares MSCI Global Quality Factor ETF 1.2 18 1 0.0 -4.2
KNCT Invesco Next Gen Connectivity ETF 1.2 40 -21 2.9 -1.3
VT Vanguard Total World Stock ETF 1.1 6 13 5.0 +0.8
ACWI iShares MSCI ACWI ETF 1.1 32 -13 4.6 +0.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.0 58 -39 8.4 +4.2
KLMT Invesco MSCI Global Climate 500 ETF 1.0 10 9 5.0 +0.7
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.0 60 -41 9.2 +4.9
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.0 67 -48 12.8 +8.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.9 12 7 4.4 +0.2
SDG iShares MSCI Global Sustainable Development Goals ETF 0.9 49 -30 4.5 +0.2
GLOF iShares Global Equity Factor ETF 0.8 20 -1 5.6 +1.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.7 46 -27 7.8 +3.6
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.7 75 -56 1.7 -2.5
DVYE iShares Emerging Markets Dividend ETF 0.7 49 -30 17.9 +13.7
FTRI First Trust Indxx Global Natural Resources Income ETF 0.7 70 -51 6.7 +2.5
CGGO Capital Group Global Growth Equity ETF 0.6 47 -28 4.1 -0.2
ICLN iShares Global Clean Energy ETF 0.6 41 -22 1.7 -2.6
DWX SPDR S&P International Dividend ETF 0.6 45 -26 6.8 +2.6
EDIV SPDR S&P Emerging Markets Dividend ETF 0.6 49 -30 9.1 +4.8
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.6 78 -59 9.7 +5.5
OBOR KraneShares MSCI One Belt One Road Index ETF 0.5 79 -60 7.5 +3.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.5 10 9 8.6 +4.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 -10 8.9 +4.7
DGT State Street SPDR Global Dow ETF 0.4 50 -31 5.7 +1.4
JGLO JPMorgan Global Select Equity ETF 0.3 33 -14 4.3 +0.1
CGW Invesco S&P Global Water Index ETF 0.3 57 -38 4.6 +0.4
ANEW ProShares MSCI Transformational Changes ETF 0.3 45 -26 4.4 +0.2
PID Invesco International Dividend Achievers ETF 0.3 53 -34 4.0 -0.2
AVRE Avantis Real Estate ETF 0.3 17 2 6.8 +2.6
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 -43 3.0 -1.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 10 4.9 +0.7
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 -46 6.5 +2.3
REET iShares Global REIT ETF 0.2 14 5 7.0 +2.7
DFGR Dimensional Global Real Estate ETF 0.2 22 -3 7.0 +2.8
PIO Invesco Global Water ETF 0.1 75 -56 4.5 +0.3
DEW WisdomTree Global High Dividend Fund 0.1 58 -39 7.2 +3.0
SETM Sprott Energy Transition Materials ETF 0.1 65 -46 1.7 -2.5

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Franklin FTSE India ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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 not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.5 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 4.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.50 CATEGORY
AVERAGE		 1.53
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.