FLJH

Franklin FTSE Japan Hedged ETF

The Franklin FTSE Japan Hedged ETF tracks a market-cap-weighted index of large- and midcap companies in Japan. The fund is currency hedged for USD-based investors.


International

EQUITY

Passive

MANAGEMENT STYLE

75.5 M

ASSETS UNDER MGMT

9 bp

EXPENSES
Fund Basics
Fund sponsorFranklin Templeton
CategoryInternational
Asset classEquity
Websitelink...
Inception dateNov 02, 2017
Assets (mns)$76
Expense ratio9 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-annual
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
TOYOTA MOTOR CORP 5.0 %
MITSUBISHI UFJ FINANCIAL GRO 2.6 %
SONY CORP 2.3 %
HITACHI LTD 2.0 %
SUMITOMO MITSUI FINANCIAL GR 1.9 %
KEYENCE CORP 1.9 %
TOKYO ELECTRON LTD 1.8 %
SHIN-ETSU CHEMICAL CO LTD 1.7 %
MITSUBISHI CORP 1.7 %
RECRUIT HOLDINGS CO LTD 1.6 %
Constituent Breakdown
Number of holdings487
Herfindahl-Hirschman Index 98
Wgt avg mkt cap (mns)$42,188
Large cap (>$10bn)67.2%
Mid cap ($2-10bn)29.4%
Small cap (<$2bn)3.4%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
JAPAN 97.4 %
Historical Performance


Standardized Performance (as of 10/31/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 15.0% 18.7% 23.4% 15.0% 14.5% -- 10.4%
Volatility 20.5% 38.9% 29.6% 26.3% 25.2% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.5457%
MSCI EAFE0.4337%
MSCI Emg Mkts0.2917%
Liquidity Measures
Avg. volume (000)18
Turnover0.8%
Avg. Bid/Ask (% of price)0.12%
ADV of underlying (mns)$45,249
Technical Indicators
Recent close$31.46
30d moving avg.$30.89
Annualized volatility12.4%
Relative strength (RSI)51
Short interest (ETF)0.2%
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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Risk and Returns: FLJH vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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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 --%
0.7 13.8 1.1 3.3% --
Based on closing prices from 11/13/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
FLJH



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™

FLJH

7.6%

Cat. Avg

7.4%


ALTAR Score™ Calculation

Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™ of 7.4% and a standard deviation of 2.6%. FLJH's ALTAR Score™ is approximately 0.1 standard deviations above the category average. This places FLJH in the 54th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

FLJH
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
FLJH (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)
FLJH 9.0 11.8 20.8
Peer Avg. 26.6 13.3 39.9
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .