Franklin FTSE India ETF
ALTAR
Score™		 4.0% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 28.1x P/Sales
ratio		 2.9x
P/BV
ratio		 3.7x Div.
yield		 1.2%


  • 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) $3,110
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 278
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 18.7 %
HDFC BANK LIMITED 4.7 %
ICICI BANK LTD 3.5 %
BHARTI AIRTEL LIMITED 2.9 %
INFOSYS TECHNOLOGIES LTD 2.0 %
BAJAJ FINANCE LTD 1.7 %
AXIS BANK LIMITED 1.6 %
LARSEN & TOUBRO LIMITED 1.5 %
MAHINDRA & MAHINDRA LTD. 1.4 %
KOTAK MAHINDRA BANK LTD 1.4 %
Total 39.4 %

TOP COUNTRY EXPOSURE
INDIA 85.6 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.5% -5.5% 4.6% -- 5.8%

Market Correlations
versus... Beta R-squared
S&P500 0.60 25%
MSCI EAFE 0.58 35%
MSCI Emg. Mkts. 0.35 31%

Technical Indicators
Recent close $36.25
30d moving avg. $35.28
Annualized volatility 13.2%
Short interest (ETF) 0.4%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 742
Turnover 0.9%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $1,111

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 147 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™: 4.0%


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 59.2 65 -46 4.4 +0.4
INDY iShares India 50 ETF 39.9 89 -70 5.1 +1.1
XC WisdomTree Emerging Markets Ex-China Fund 35.6 32 -13 6.3 +2.3
NFTY First Trust India NIFTY 50 Equal Weight ETF 34.5 80 -61 4.8 +0.8
BKF iShares MSCI BIC ETF 25.3 69 -50 14.4 +10.4
NDIA Global X India Active ETF 21.0 75 -56 4.9 +0.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 20.0 86 -67 12.3 +8.3
INQQ India Internet & Ecommerce ETF 20.0 86 -67 0.5 -3.5
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 20.0 86 -67 0.2 -3.8
VEXC Vanguard Emerging Markets Ex-China ETF 17.4 7 12 5.6 +1.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 16.2 32 -13 4.7 +0.7
JHEM John Hancock Multifactor Emerging Markets ETF 16.1 49 -30 7.5 +3.5
XCNY SPDR S&P Emerging Markets ex-China ETF 16.1 15 4 5.6 +1.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 15.7 24 -5 5.2 +1.2
FLAX Franklin FTSE Asia Ex Japan ETF 14.2 19 0 7.1 +3.1
PIN Invesco India ETF 14.2 78 -59 5.4 +1.4
RNEM First Trust Emerging Markets Equity Select ETF 14.0 75 -56 7.7 +3.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 13.3 15 4 8.0 +4.0
EEMA iShares MSCI Emerging Markets Asia ETF 13.0 49 -30 7.5 +3.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 13.0 40 -21 6.2 +2.2
EMMF WisdomTree Emerging Markets Multifactor Fund 12.8 48 -29 8.6 +4.6
GMF SPDR S&P Emerging Asia Pacific ETF 12.6 49 -30 8.5 +4.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 12.2 25 -6 6.0 +2.0
BKEM BNY Mellon Emerging Markets Equity ETF 12.0 11 8 24.0 +20.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 11.9 36 -17 7.5 +3.5
EMXC iShares MSCI Emerging Markets ex China ETF 11.6 25 -6 5.1 +1.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 11.5 95 -76 9.7 +5.7
VWO Vanguard FTSE Emerging Markets ETF 11.4 7 12 9.0 +5.0
INCO Columbia India Consumer ETF 11.3 75 -56 2.0 -2.0
EVLU iShares MSCI Emerging Markets Value Factor ETF 11.1 35 -16 9.9 +5.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 11.1 66 -47 7.3 +3.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 10.9 75 -56 6.3 +2.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 10.8 30 -11 7.5 +3.5
PXH Invesco FTSE RAFI Emerging Markets ETF 10.7 49 -30 13.1 +9.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 10.6 32 -13 7.5 +3.5
STXE Strive Emerging Markets Ex-China ETF 10.5 32 -13 5.2 +1.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 10.3 45 -26 8.0 +4.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 10.2 70 -51 6.9 +2.9
SCHE Schwab Emerging Markets Equity ETF 10.2 11 8 9.3 +5.3
XCEM Columbia EM Core ex-China ETF 9.7 16 3 5.0 +1.0
DEHP Dimensional Emerging Markets High Profitability ETF 9.7 41 -22 4.8 +0.8
SPEM SPDR Portfolio Emerging Markets ETF 9.6 7 12 9.4 +5.4
AVXC Avantis Emerging Markets Ex-China Equity ETF 9.5 33 -14 6.1 +2.1
ECON Columbia Emerging Markets Consumer ETF 9.4 49 -30 6.6 +2.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 9.3 30 -11 7.9 +3.9
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 9.2 69 -50 7.6 +3.6
EEM iShares MSCI Emerging Markets ETF 9.2 69 -50 7.8 +3.8
EMGF iShares Emerging Markets Equity Factor ETF 9.0 25 -6 8.9 +4.9
NUEM Nuveen ESG Emerging Markets Equity ETF 8.9 36 -17 5.9 +1.9
GLIN VanEck India Growth Leaders ETF 8.8 77 -58 5.3 +1.3
IEMG iShares Core MSCI Emerging Markets ETF 8.6 9 10 8.2 +4.2
DFAE Dimensional Emerging Core Equity Market ETF 8.3 35 -16 7.0 +3.0
EMXF iShares ESG Advanced MSCI EM ETF 8.2 16 3 6.6 +2.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 8.2 44 -25 9.3 +5.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 8.1 53 -34 5.1 +1.1
ROAM Hartford Multifactor Emerging Markets ETF 8.1 44 -25 7.5 +3.5
AVEM Avantis Emerging Markets Equity ETF 7.7 33 -14 7.0 +3.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 7.6 15 4 8.8 +4.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 7.6 33 -14 6.7 +2.7
AVES Avantis Emerging Markets Value ETF 7.4 36 -17 9.0 +5.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 7.4 39 -20 13.3 +9.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 7.3 41 -22 6.9 +2.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 7.3 59 -40 8.5 +4.5
LDEM iShares ESG MSCI EM Leaders ETF 7.3 17 2 12.5 +8.5
ESGE iShares ESG Aware MSCI EM ETF 7.2 25 -6 8.2 +4.2
AVSE Avantis Responsible Emerging Markets Equity ETF 7.1 33 -14 6.6 +2.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 7.0 88 -69 8.4 +4.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 7.0 38 -19 7.0 +3.0
IPAV Global X Infrastructure Development ex-U.S. ETF 6.7 55 -36 5.8 +1.8
DFEV Dimensional Emerging Markets Value ETF 6.1 43 -24 9.4 +5.4
EMC Global X Emerging Markets Great Consumer ETF 6.0 75 -56 7.1 +3.1
FDEM Fidelity Emerging Markets Multifactor ETF 5.7 25 -6 10.4 +6.4
DGIN VanEck Digital India ETF 5.1 71 -52 1.3 -2.7
JADE JPMorgan Active Developing Markets Equity ETF 4.7 65 -46 5.9 +1.9
CGXU Capital Group International Focus Equity ETF 4.5 54 -35 3.7 -0.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 4.3 50 -31 8.2 +4.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 4.1 18 1 6.2 +2.2
SMIN iShares MSCI India Small Cap ETF 3.8 79 -60 3.2 -0.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 3.7 70 -51 6.6 +2.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 3.7 45 -26 9.4 +5.4
ACWV iShares MSCI Global Min Vol Factor ETF 3.6 20 -1 5.6 +1.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 3.5 47 -28 5.0 +1.0
MINV Matthews Asia Innovators Active ETF 3.5 79 -60 5.5 +1.5
SCHY Schwab International Dividend Equity ETF 3.4 14 5 8.1 +4.1
PICK iShares MSCI Global Metals & Mining Producers ETF 3.3 39 -20 8.1 +4.1
VEU Vanguard FTSE All-World ex-US Index Fund 3.3 4 15 6.5 +2.5
VXUS Vanguard Total International Stock ETF 3.0 5 14 6.5 +2.5
ACWX iShares MSCI ACWI ex U.S. ETF 3.0 34 -15 6.2 +2.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.0 41 -22 5.8 +1.8
IXUS iShares Core MSCI Total International Stock ETF 2.9 7 12 6.4 +2.4
DEM WisdomTree Emerging Markets High Dividend Fund 2.9 63 -44 10.2 +6.2
VSGX Vanguard ESG International Stock ETF 2.8 10 9 6.4 +2.4
NXTG First Trust Indxx NextG ETF 2.8 70 -51 3.5 -0.5
FEM First Trust Emerging Markets AlphaDEX Fund 2.8 80 -61 8.8 +4.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.6 30 -11 6.3 +2.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.6 60 -41 6.4 +2.4
CWI SPDR MSCI ACWI ex-US ETF 2.4 30 -11 6.3 +2.3
MEM Matthews Emerging Markets Equity Active ETF 2.1 79 -60 8.4 +4.4
EEMO Invesco S&P Emerging Markets Momentum ETF 2.0 29 -10 6.8 +2.8
JIVE JPMorgan International Value ETF 1.9 55 -36 7.9 +3.9
FTAG First Trust Indxx Global Agriculture ETF 1.9 70 -51 7.0 +3.0
AVEE Avantis Emerging Markets Small Cap Equity ETF 1.8 42 -23 7.8 +3.8
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.8 65 -46 7.1 +3.1
EYLD Cambria Emerging Shareholder Yield ETF 1.4 66 -47 9.0 +5.0
VIGI Vanguard International Dividend Appreciation ETF 1.4 10 9 5.8 +1.8
IGRO iShares International Dividend Growth ETF 1.3 15 4 6.5 +2.5
VYMI Vanguard International High Dividend Yield ETF 1.3 17 2 7.7 +3.7
VT Vanguard Total World Stock ETF 1.1 6 13 4.9 +0.9
ACWI iShares MSCI ACWI ETF 1.1 32 -13 4.5 +0.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.1 47 -28 7.0 +3.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.1 20 -1 4.6 +0.6
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.1 60 -41 8.7 +4.7
KLMT Invesco MSCI Global Climate 500 ETF 1.0 10 9 4.8 +0.8
IQDF FlexShares International Quality Dividend Index Fund 1.0 47 -28 7.3 +3.3
AQLT iShares MSCI Global Quality Factor ETF 1.0 18 1 0.0 -4.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.0 42 -23 4.0 -0.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.9 58 -39 8.5 +4.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.9 12 7 8.4 +4.4
JIG JPMorgan International Growth ETF 0.9 55 -36 3.6 -0.4
GLOF iShares Global Equity Factor ETF 0.9 20 -1 5.4 +1.4
VEGI iShares MSCI Agriculture Producers ETF 0.9 39 -20 7.6 +3.6
OBOR KraneShares MSCI One Belt One Road Index ETF 0.9 79 -60 7.3 +3.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.9 12 7 4.3 +0.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.8 67 -48 12.2 +8.2
SDG iShares MSCI Global Sustainable Development Goals ETF 0.8 49 -30 4.5 +0.5
KNCT Invesco Next Gen Connectivity ETF 0.7 40 -21 2.9 -1.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.6 46 -27 7.9 +3.9
CGGO Capital Group Global Growth Equity ETF 0.6 47 -28 3.9 -0.1
DVYE iShares Emerging Markets Dividend ETF 0.6 49 -30 17.6 +13.6
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.5 75 -56 1.8 -2.2
ERTH Invesco MSCI Sustainable Future ETF 0.5 62 -43 3.2 -0.8
ICLN iShares Global Clean Energy ETF 0.5 41 -22 2.0 -2.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.5 78 -59 9.2 +5.2
DWX SPDR S&P International Dividend ETF 0.5 45 -26 6.6 +2.6
EDIV SPDR S&P Emerging Markets Dividend ETF 0.5 49 -30 8.8 +4.8
DGT State Street SPDR Global Dow ETF 0.4 50 -31 5.5 +1.5
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.3 10 9 8.4 +4.4
JGLO JPMorgan Global Select Equity ETF 0.3 33 -14 4.1 +0.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 10 4.7 +0.7
REET iShares Global REIT ETF 0.2 14 5 6.7 +2.7
AVRE Avantis Real Estate ETF 0.2 17 2 6.6 +2.6
CGW Invesco S&P Global Water Index ETF 0.2 57 -38 4.4 +0.4
DFGR Dimensional Global Real Estate ETF 0.2 22 -3 6.8 +2.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 -46 6.7 +2.7
DEW WisdomTree Global High Dividend Fund 0.1 58 -39 6.9 +2.9
PIO Invesco Global Water ETF 0.1 75 -56 4.3 +0.3
SETM Sprott Energy Transition Materials ETF 0.1 65 -46 1.9 -2.1

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 3.5 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 4.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.50 CATEGORY
AVERAGE		 1.52
 
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.