FLHK
Franklin FTSE Hong Kong ETF
FLHK offers market-cap-based exposure to large- and midcap Hong Kong equities
International
EQUITY
Passive
MANAGEMENT STYLE
12.3 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) | $12 |
| 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
| 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 holdings | 75 |
| Herfindahl-Hirschman Index | 652 |
| Wgt avg mkt cap (mns) | $34,920 |
| Large cap (>$10bn) | 81.6% |
| Mid cap ($2-10bn) | 16.3% |
| 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 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 7.2% | 13.9% | 11.2% | -6.1% | -1.5% | -- | -1.2% | Volatility | 23.7% | 23.6% | 22.5% | 21.4% | 22.0% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.39 | 8% |
| MSCI EAFE | 0.75 | 31% |
| MSCI Emg Mkts | 1.08 | 63% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.64% |
| ADV of underlying (mns) | $1,078 |
Technical Indicators
| Recent close | $17.54 |
| 30d moving avg. | $18.99 |
| Annualized volatility | 23.8% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 1.5% |
| 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 | 79.7% | +41 bp | -0.6% |
| DVYA | iShares Asia/Pacific Dividend ETF | 25.5% | +40 bp | +2.0% |
| EPP | iShares MSCI Pacific ex-Japan ETF | 16.5% | +38 bp | -2.0% |
| BBAX | JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF | 15.8% | +10 bp | -1.5% |
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 | --% |
Based on closing prices from 11/22/2024
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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
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
6.9%
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%. FLHK's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places FLHK in the 44th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FLHKSELL
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 |
| 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 .