Franklin FTSE Hong Kong ETF
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.1%
1 yr return
6.3%
3 Yr Avg Return
-6.8%
5 Yr Avg Return
-2.2%
Net Assets
$9.85 M
Holdings in Top 10
58.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.09%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 9.91%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FLHK - Profile
Distributions
- YTD Total Return 4.1%
- 3 Yr Annualized Total Return -6.8%
- 5 Yr Annualized Total Return -2.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.79%
- Dividend Yield 3.7%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameFranklin FTSE Hong Kong ETF
-
Fund Family NameFranklin Templeton Group of Funds
-
Inception DateNov 06, 2017
-
Shares Outstanding750000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDina Ting
Fund Description
Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the FTSE Hong Kong Capped Index and in depositary receipts representing such securities. The FTSE Hong Kong Capped Index is a free float-adjusted market capitalization weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25% of the FTSE Hong Kong Capped Index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the FTSE Hong Kong Capped Index’s weight. The FTSE Hong Kong Capped Index is based on the FTSE Hong Kong Index and is designed to measure the performance of Hong Kong large- and mid-capitalization stocks. FTSE Russell determines eligible securities for the FTSE Hong Kong Capped Index based on measures such as the company’s place of incorporation, listing country, investor protection regulations present in the country of incorporation, tax domicile, location of headquarters/factors of production and currency of denomination. As of May 31, 2024, the FTSE Hong Kong Capped Index was comprised of 78 securities with capitalizations ranging from $856 million to $87.79 billion.
The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE Hong Kong Capped Index. The Fund may use either a replication strategy or representative sampling strategy. Under a replication strategy, the Fund will replicate the component securities of the FTSE Hong Kong Capped Index as closely as possible (i.e., invest in all of the component securities in their respective weightings in the FTSE Hong Kong Capped Index). However, under various circumstances, it may not be possible or practicable to replicate the FTSE Hong Kong Capped Index. In these circumstances, the Fund may use a “representative sampling” strategy whereby the Fund would invest in what it believes to be a representative sample of the component securities of the FTSE Hong Kong Capped Index, but may not track the FTSE Hong Kong Capped Index with the same degree of accuracy as would an investment vehicle replicating the entire FTSE Hong Kong Capped Index. Under the representative sampling technique, the investment manager will select securities that collectively have an investment
profile similar to that of the FTSE Hong Kong Capped Index, including securities that resemble those included in the FTSE Hong Kong Capped Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings.
The Fund may invest in equity futures (including equity index futures) and equity total return swaps to provide additional opportunities to add value and better track the performance of the Fund’s Underlying Index, such as to equitize cash and accrued income, simulate investments in the Underlying Index, facilitate trading or minimize transaction costs.
The Fund may enter into foreign currency forward contracts and/or currency futures contracts to provide the Fund with additional opportunities to add value and better track the performance of the Fund’s Underlying Index, such as by facilitating local securities settlements or protecting against currency exposure in connection with distributions to Fund shareholders.
The Fund is a "non-diversified" fund, which means it generally invests a greater proportion of its assets in the securities of one or more issuers and invests overall in a smaller number of issuers than a diversified fund.
The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the FTSE Hong Kong Capped Index is concentrated. As of May 31, 2024, the FTSE Hong Kong Capped Index was concentrated in the financial services sector.
FLHK - Performance
Return Ranking - Trailing
Period | FLHK Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.1% | -14.0% | 32.3% | 89.13% |
1 Yr | 6.3% | -17.0% | 38.8% | 61.96% |
3 Yr | -6.8%* | -21.6% | 6.1% | 13.95% |
5 Yr | -2.2%* | -12.7% | 14.9% | 59.42% |
10 Yr | N/A* | -4.2% | 9.7% | 60.71% |
* Annualized
Return Ranking - Calendar
Period | FLHK Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -15.1% | -26.6% | 26.3% | 42.71% |
2022 | -12.8% | -41.6% | -9.4% | 2.22% |
2021 | -5.8% | -52.5% | 26.5% | 26.44% |
2020 | 3.2% | 1.3% | 138.5% | 97.33% |
2019 | 8.9% | -1.9% | 42.6% | 90.41% |
Total Return Ranking - Trailing
Period | FLHK Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.1% | -14.0% | 32.3% | 89.13% |
1 Yr | 6.3% | -17.0% | 38.8% | 61.96% |
3 Yr | -6.8%* | -21.6% | 6.1% | 13.95% |
5 Yr | -2.2%* | -12.7% | 14.9% | 59.42% |
10 Yr | N/A* | -4.2% | 9.7% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FLHK Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -10.6% | -25.7% | 30.1% | 20.83% |
2022 | -9.4% | -40.4% | -6.8% | 2.22% |
2021 | -3.3% | -48.9% | 29.5% | 33.33% |
2020 | 6.7% | 2.0% | 138.5% | 97.33% |
2019 | 12.2% | 7.8% | 44.4% | 95.89% |
FLHK - Holdings
Concentration Analysis
FLHK | Category Low | Category High | FLHK % Rank | |
---|---|---|---|---|
Net Assets | 9.85 M | 1.06 M | 5.63 B | 83.33% |
Number of Holdings | 74 | 27 | 1176 | 25.00% |
Net Assets in Top 10 | 5.73 M | 477 K | 3.28 B | 73.96% |
Weighting of Top 10 | 58.65% | 5.6% | 85.4% | 19.79% |
Top 10 Holdings
- AIA Group Ltd 19.68%
- Hong Kong Exchanges Clearing Ltd 11.67%
- Techtronic Industries Co Ltd 4.30%
- CLP Holdings Ltd 3.80%
- CK Hutchison Holdings Ltd 3.68%
- Sun Hung Kai Properties Ltd 3.54%
- BOC Hong Kong Holdings Ltd 3.15%
- Lenovo Group Ltd 3.12%
- Galaxy Entertainment Group Ltd 2.87%
- Link REIT 2.84%
Asset Allocation
Weighting | Return Low | Return High | FLHK % Rank | |
---|---|---|---|---|
Stocks | 99.65% | 51.72% | 100.63% | 9.38% |
Cash | 0.36% | 0.00% | 33.85% | 90.63% |
Preferred Stocks | 0.00% | 0.00% | 2.47% | 81.25% |
Convertible Bonds | 0.00% | 0.00% | 0.15% | 80.43% |
Bonds | 0.00% | 0.00% | 0.00% | 81.25% |
Other | -0.01% | -0.02% | 47.32% | 95.83% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FLHK % Rank | |
---|---|---|---|---|
Financial Services | 37.79% | 0.00% | 41.62% | 2.17% |
Real Estate | 20.17% | 0.00% | 22.12% | 2.17% |
Industrials | 15.47% | 0.00% | 36.69% | 34.78% |
Utilities | 8.41% | 0.00% | 11.37% | 4.35% |
Consumer Cyclical | 7.43% | 0.00% | 95.37% | 91.30% |
Consumer Defense | 5.05% | 0.00% | 20.13% | 72.83% |
Technology | 2.66% | 0.00% | 58.02% | 96.74% |
Healthcare | 1.85% | 0.00% | 100.00% | 92.39% |
Communication Services | 0.49% | 0.00% | 41.06% | 82.61% |
Basic Materials | 0.44% | 0.00% | 19.86% | 83.70% |
Energy | 0.24% | 0.00% | 19.38% | 42.39% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FLHK % Rank | |
---|---|---|---|---|
Non US | 96.48% | 0.00% | 99.87% | 14.58% |
US | 3.17% | 0.00% | 100.63% | 67.71% |
FLHK - Expenses
Operational Fees
FLHK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.09% | 0.09% | 14.63% | 100.00% |
Management Fee | 0.09% | 0.09% | 1.50% | 1.04% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.06% | 0.25% | N/A |
Sales Fees
FLHK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
FLHK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
FLHK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 9.91% | 4.00% | 241.00% | 3.80% |
FLHK - Distributions
Dividend Yield Analysis
FLHK | Category Low | Category High | FLHK % Rank | |
---|---|---|---|---|
Dividend Yield | 3.74% | 0.00% | 8.89% | 5.21% |
Dividend Distribution Analysis
FLHK | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Annual | Annual | Annual |
Net Income Ratio Analysis
FLHK | Category Low | Category High | FLHK % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.79% | -1.76% | 3.66% | 3.26% |
Capital Gain Distribution Analysis
FLHK | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 21, 2024 | $0.346 | OrdinaryDividend |
Dec 15, 2023 | $0.622 | OrdinaryDividend |
Jun 16, 2023 | $0.360 | OrdinaryDividend |
Dec 16, 2022 | $0.409 | OrdinaryDividend |
Jun 17, 2022 | $0.416 | OrdinaryDividend |
Dec 13, 2021 | $0.426 | OrdinaryDividend |
Jun 10, 2021 | $0.264 | OrdinaryDividend |
Dec 14, 2020 | $0.560 | OrdinaryDividend |
Jun 11, 2020 | $0.252 | OrdinaryDividend |
Dec 11, 2019 | $0.408 | OrdinaryDividend |
Jun 11, 2019 | $0.350 | OrdinaryDividend |
Dec 20, 2018 | $0.206 | OrdinaryDividend |
Jun 20, 2018 | $0.396 | OrdinaryDividend |
Dec 20, 2017 | $0.065 | OrdinaryDividend |
FLHK - Fund Manager Analysis
Managers
Dina Ting
Start Date
Tenure
Tenure Rank
Nov 02, 2017
4.58
4.6%
Ms. Ting joined Franklin Templeton Investments in 2015. Prior to joining Franklin Templeton Investments, she was a senior portfolio manager at BlackRock.
Hailey Harris
Start Date
Tenure
Tenure Rank
Dec 02, 2019
2.5
2.5%
Ms. Harris joined Franklin Templeton in 2018. Hailey Harris joined the Global X Management Company in April 2015 as a Portfolio Management Associate. Previously, Ms. Harris was a Senior Analyst, Portfolio Management at ProShare Advisors, LLC from 2011 through 2015 and a Client Operations Associate at Cambridge Associates, LLC from 2010 through 2011. Ms. Harris received her Bachelor of Science from the University of Maryland in 2009.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 24.1 | 3.67 | 3.22 |