FLTW
Franklin FTSE Taiwan ETF
FLTW tracks a market-cap-weighted index of large- and midcap Taiwanese companies.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
366.3 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) | $366 |
| 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 | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 19.6 % |
| HON HAI PRECISION INDUSTRY | 7.1 % |
| MEDIATEK INC | 5.7 % |
| DELTA ELECTRONICS INC | 2.6 % |
| QUANTA COMPUTER INC | 2.3 % |
| FUBON FINANCIAL HOLDING CO | 2.0 % |
| CHINATRUST FINANCIAL HOLDING | 2.0 % |
| UNITED MICROELECTRONICS CORP | 1.8 % |
| CATHAY FINANCIAL HOLDING CO | 1.8 % |
| ADVANCED SEMICONDUCTOR ENGR | 1.6 % |
Constituent Breakdown
| Number of holdings | 126 |
| Herfindahl-Hirschman Index | 528 |
| Wgt avg mkt cap (mns) | $173,893 |
| Large cap (>$10bn) | 69.3% |
| Mid cap ($2-10bn) | 29.1% |
| Small cap (<$2bn) | 1.7% |
| Developed mkts. | 0.0% |
| Emerging mkts. | 100.0% |
Country Exposure
 |
TAIWAN | 93.7 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 9.0% | 16.0% | 15.2% | 2.7% | 12.9% | -- | 11.0% | Volatility | 20.9% | 20.1% | 19.2% | 20.0% | 21.7% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.97 | 51% |
| MSCI EAFE | 1.05 | 59% |
| MSCI Emg Mkts | 1.22 | 80% |
Liquidity Measures
| Avg. volume (000) | 210 |
| Turnover | 2.7% |
| Avg. Bid/Ask (% of price) | 0.10% |
| ADV of underlying (mns) | $6,197 |
Technical Indicators
| Recent close | $47.57 |
| 30d moving avg. | $48.33 |
| Annualized volatility | 23.7% |
| Relative strength (RSI) | 50 |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FLTW |
Expenses vs. FLTW |
ALTAR Score™ vs. FLTW |
|---|---|---|---|---|
| EWT | iShares MSCI Taiwan ETF | 83.2% | +39 bp | +0.0% |
| AIA | iShares Asia 50 ETF | 29.1% | +31 bp | +1.0% |
| KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 27.5% | +5 bp | +3.9% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 25.9% | -4 bp | +4.6% |
| XCEM | Columbia EM Core ex-China ETF | 25.5% | -3 bp | +2.2% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 25.2% | +6 bp | +1.0% |
| EMSG | Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF | 25.0% | +1 bp | +0.8% |
| XC | WisdomTree Emerging Markets Ex-China Fund | 24.7% | +13 bp | +0.1% |
| XCNY | SPDR S&P Emerging Markets ex-China ETF | 23.8% | -4 bp | +0.4% |
| EEMO | Invesco S&P Emerging Markets Momentum ETF | 23.6% | +10 bp | -0.3% |
Risk and Returns: FLTW 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 12/18/2024
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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
FLTW
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
FLTW
5.9%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 164 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
4.1%. FLTW's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places FLTW in the 32nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FLTWSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| FLTW (19 bp) Percentile rank | 6 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FLTW | 19.0 | 9.9 | 28.9 |
| Peer Avg. | 64.9 | 45.4 | 110.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .