FLEU
Franklin FTSE Eurozone ETF
The Franklin FTSE Europe Hedged ETF tracks a market-cap-weighted and currency-hedged index of large- and midcap companies in developed Europe.
International
EQUITY
Passive
MANAGEMENT STYLE
19.3 M
ASSETS UNDER MGMT
9 bp
EXPENSES
Fund Basics
| Fund sponsor | Franklin Templeton |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 02, 2017 |
| Assets (mns) | $19 |
| Expense ratio | 9 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
| ASML HOLDING NV | 6.7 % |
| LVMH MOET HENNESSY LOUIS VUI | 4.0 % |
| SAP AG | 3.6 % |
| SIEMENS AG-REG | 2.6 % |
| TOTAL SA | 2.5 % |
| SCHNEIDER ELECTRIC SA | 2.1 % |
| L'OREAL | 1.9 % |
| ALLIANZ SE-REG | 1.9 % |
| AIR LIQUIDE SA | 1.8 % |
| SANOFI-AVENTIS | 1.8 % |
Constituent Breakdown
| Number of holdings | 281 |
| Herfindahl-Hirschman Index | 149 |
| Wgt avg mkt cap (mns) | $100,922 |
| Large cap (>$10bn) | 93.2% |
| Mid cap ($2-10bn) | 6.5% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
FRANCE | 31.7 % |
 |
GERMANY | 25.3 % |
 |
NETHERLANDS | 16.5 % |
 |
SPAIN | 7.7 % |
 |
ITALY | 7.4 % |
 |
FINLAND | 3.1 % |
 |
BELGIUM | 2.2 % |
 |
BRITAIN | 1.0 % |
 |
SWITZERLAND | 0.9 % |
 |
IRELAND | 0.8 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 2.6% | 19.3% | 11.6% | 4.1% | 7.5% | -- | 7.1% | Volatility | 14.7% | 14.9% | 14.2% | 15.6% | 18.9% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.76 | 64% |
| MSCI EAFE | 0.83 | 79% |
| MSCI Emg Mkts | 0.60 | 40% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.46% |
| ADV of underlying (mns) | $13,153 |
Technical Indicators
| Recent close | $24.15 |
| 30d moving avg. | $26.05 |
| Annualized volatility | 16.5% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 0.1% |
| 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. FLEU |
Expenses vs. FLEU |
ALTAR Score™ vs. FLEU |
|---|---|---|---|---|
| DBEZ | Xtrackers MSCI Eurozone Hedged Equity ETF | 86.9% | +36 bp | -0.8% |
| EZU | iShares MSCI Eurozone ETF | 86.9% | +43 bp | -0.6% |
| FEZ | SPDR EURO STOXX 50 ETF | 63.3% | +20 bp | -0.5% |
| IEV | iShares Europe ETF | 49.7% | +58 bp | -0.7% |
| BBEU | JPMorgan BetaBuilders Europe ETF | 46.7% | 0 bp | -0.2% |
| DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 46.6% | +37 bp | -0.9% |
| HEDJ | WisdomTree Europe Hedged Equity Fund | 45.7% | +49 bp | +2.1% |
| IEUR | iShares Core MSCI Europe ETF | 45.1% | +2 bp | -0.3% |
| SPEU | SPDR Portfolio Europe ETF | 44.9% | -2 bp | -0.3% |
| FLEE | Franklin FTSE Europe ETF | 44.6% | 0 bp | -0.2% |
Risk and Returns: FLEU 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 11/22/2024
Peer Group Comparison Sample data. Subscribe for access.
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
FLEU
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
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.
ALTAR Score™
FLEU
7.3%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.6%. FLEU's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places FLEU in the 50th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FLEUSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive International Equity ETFs |
| # of ETFs | 77 |
| Avg. Expense Ratio | 38.8 bp |
| Std. Deviation | 21.2 bp |
| FLEU (9 bp) Percentile rank | 7 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FLEU | 9.0 | 46.1 | 55.1 |
| Peer Avg. | 47.5 | 24.1 | 71.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .