FLHK

Franklin FTSE Hong Kong ETF

FLHK offers market-cap-based exposure to large- and midcap Hong Kong equities


International

EQUITY

Passive

MANAGEMENT STYLE

12.1 M

ASSETS UNDER MGMT

9 bp

EXPENSES
Fund Basics
Fund sponsorFranklin Templeton
CategoryInternational
Asset classEquity
Websitelink...
Inception dateNov 02, 2017
Assets (mns)$12
Expense ratio9 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
AIA GROUP LTD 19.5 %
HONG KONG EXCHANGES & CLEAR 10.8 %
TECHTRONIC INDUSTRIES CO 4.6 %
CK HUTCHISON HOLDINGS LTD 4.0 %
CLP HOLDINGS LTD 4.0 %
SUN HUNG KAI PROPERTIES 3.7 %
BOC HONG KONG HOLDINGS LTD 3.1 %
LINK REIT 3.1 %
LENOVO GROUP LTD 2.9 %
GALAXY ENTERTAINMENT GROUP L 2.7 %
Constituent Breakdown
Number of holdings75
Herfindahl-Hirschman Index 652
Wgt avg mkt cap (mns)$33,318
Large cap (>$10bn)79.5%
Mid cap ($2-10bn)18.5%
Small cap (<$2bn)2.1%
Developed mkts.96.6%
Emerging mkts.3.4%
Country Exposure
HONG KONG 92.4 %
MACAU 2.0 %
LUXEMBOURG 1.5 %
BERMUDA 1.1 %
ITALY 1.0 %
CHINA 0.7 %
SINGAPORE 0.5 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 4.5% 10.5% 0.0% -5.5% -1.8% -- -1.5%
Volatility 23.7% 23.6% 22.5% 21.4% 22.0% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.367%
MSCI EAFE0.7531%
MSCI Emg Mkts1.0862%
Liquidity Measures
Avg. volume (000)4
Turnover0.6%
Avg. Bid/Ask (% of price)0.64%
ADV of underlying (mns)$1,034
Technical Indicators
Recent close$17.24
30d moving avg.$17.90
Annualized volatility23.7%
Relative strength (RSI)52
Short interest (ETF)1.2%
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. FLHK
Expenses
vs. FLHK
ALTAR Score™
vs. FLHK
EWH iShares MSCI Hong Kong ETF   79.4%   +41 bp -0.6%
DVYA iShares Asia/Pacific Dividend ETF   25.8%   +40 bp +2.4%
EPP iShares MSCI Pacific ex-Japan ETF   16.6%   +38 bp -1.7%
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF   15.8%   +10 bp -1.3%
Risk and Returns: FLHK 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 --%
1.5 11.1 0.8 5.0% --
Based on closing prices from 12/23/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
FLHK



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™

FLHK

7.0%

Cat. Avg

7.5%


ALTAR Score™ Calculation

Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™ of 7.5% and a standard deviation of 2.7%. FLHK's ALTAR Score™ is approximately 0.2 standard deviations below the category average. This places FLHK in the 42nd percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

FLHK
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Passive
International Equity ETFs
# of ETFs 77
Avg. Expense Ratio 38.8 bp
Std. Deviation 21.2 bp
FLHK (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)
FLHK 9.0 64.4 73.4
Peer Avg. 42.0 17.5 59.5
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .