FLCH
Franklin FTSE China ETF
The Franklin FTSE China ETF tracks a market-cap-weighted index of large- and midcap companies in China.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
147.2 M
ASSETS UNDER MGMT
19 bp
EXPENSES
Fund Basics
| Fund sponsor | Franklin Templeton |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 02, 2017 |
| Assets (mns) | $147 |
| 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 | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TENCENT HOLDINGS LTD | 14.1 % |
| ALIBABA GROUP HOLDING LTD. | 7.9 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 4.6 % |
| MEITUAN DIANPING | 3.7 % |
| CHINA CONSTRUCTION BANK-H | 3.2 % |
| IND & COMM BK OF CHINA - H | 2.4 % |
| BANK OF CHINA LTD - H | 1.8 % |
| NETEASE, INC | 1.7 % |
| JD.COM, INC. CLASS A | 1.5 % |
| XIAOMI CORP. CLASS B | 1.5 % |
Constituent Breakdown
| Number of holdings | 958 |
| Herfindahl-Hirschman Index | 342 |
| Wgt avg mkt cap (mns) | $144,959 |
| Large cap (>$10bn) | 80.4% |
| Mid cap ($2-10bn) | 18.1% |
| Small cap (<$2bn) | 1.6% |
| Developed mkts. | 19.1% |
| Emerging mkts. | 80.9% |
Country Exposure
 |
CHINA | 90.1 % |
 |
HONG KONG | 5.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 19.6% | 19.5% | 19.2% | -8.9% | -1.3% | -- | -2.1% | Volatility | 31.0% | 29.9% | 29.2% | 32.3% | 30.5% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.39 | 4% |
| MSCI EAFE | 0.80 | 18% |
| MSCI Emg Mkts | 1.52 | 63% |
Liquidity Measures
| Avg. volume (000) | 75 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.18% |
| ADV of underlying (mns) | $93,718 |
Technical Indicators
| Recent close | $18.87 |
| 30d moving avg. | $19.94 |
| Annualized volatility | 33.4% |
| Relative strength (RSI) | 54 |
| Short interest (ETF) | 11.0% |
| 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. FLCH |
Expenses vs. FLCH |
ALTAR Score™ vs. FLCH |
|---|---|---|---|---|
| MCHI | iShares MSCI China ETF | 81.9% | +40 bp | -0.5% |
| GXC | SPDR S&P China ETF | 68.3% | +40 bp | -0.5% |
| KALL | KraneShares MSCI All China Index ETF | 58.3% | +30 bp | +0.1% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 53.7% | +13 bp | -2.8% |
| FXI | iShares China Large-Cap ETF | 48.9% | +55 bp | -0.7% |
| BKF | iShares MSCI BIC ETF | 46.3% | +50 bp | -1.9% |
| MCH | Matthews China Active ETF | 43.6% | +60 bp | -3.5% |
| JCHI | JPMorgan Active China ETF | 37.3% | +46 bp | -0.9% |
| AIA | iShares Asia 50 ETF | 37.0% | +31 bp | -2.3% |
| KWEB | KraneShares CSI China Internet ETF | 35.6% | +50 bp | -10.3% |
Risk and Returns: FLCH 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 11/21/2024
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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
FLCH
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
FLCH
8.9%
Cat. Avg
7.7%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.7% and a standard deviation of
4.1%. FLCH's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places FLCH in the 61st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FLCHSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| FLCH (19 bp) Percentile rank | 9 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FLCH | 19.0 | 17.5 | 36.5 |
| Peer Avg. | 57.4 | 20.9 | 78.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .