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Trending ETFs

Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$31.49

$39 M

12.71%

$4.00

0.09%

Vitals

YTD Return

20.2%

1 yr return

37.4%

3 Yr Avg Return

19.5%

5 Yr Avg Return

17.5%

Net Assets

$39 M

Holdings in Top 10

22.6%

52 WEEK LOW AND HIGH

$31.2
$25.52
$33.09

Expenses

OPERATING FEES

Expense Ratio 0.09%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 5.46%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$31.49

$39 M

12.71%

$4.00

0.09%

FLJH - Profile

Distributions

  • YTD Total Return 20.2%
  • 3 Yr Annualized Total Return 19.5%
  • 5 Yr Annualized Total Return 17.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.22%
DIVIDENDS
  • Dividend Yield 12.7%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    Franklin FTSE Japan Hedged ETF
  • Fund Family Name
    Franklin Templeton Group of Funds
  • Inception Date
    Nov 06, 2017
  • Shares Outstanding
    800000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Dina Ting

Fund Description

Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the FTSE Japan Capped Hedged Index and in depositary receipts representing such securities, including indirectly through the Franklin FTSE Japan ETF (Underlying Fund). The FTSE Japan Capped Hedged 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 Japan Capped Hedged Index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the FTSE Japan Capped Hedged Index's weight. The FTSE Japan Capped Hedged Index is based on the FTSE Japan Hedged to USD Index and is designed to measure the performance of Japanese large- and mid-capitalization stocks. FTSE Russell determines eligible securities for the FTSE Japan Capped Hedged to USD 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. The FTSE Japan Capped Hedged Index incorporates a hedge against the currency risk of the securities included in the FTSE Japan Capped Hedged Index against the U.S. dollar. As of May 31, 2023, the FTSE Japan Capped Hedged Index was comprised of 516 securities with capitalizations ranging from $908 million to $185.30 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 Japan Capped Hedged 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 Japan Capped Hedged Index as closely as possible (i.e., invest in all of the component securities in their respective weightings in the FTSE Japan Capped Hedged Index). However, under various circumstances, it may not be possible or practicable to replicate the FTSE Japan Capped Hedged 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 Japan Capped Hedged Index, but may not track the FTSE Japan Capped Hedged Index with the same degree of accuracy as would an investment vehicle replicating the entire FTSE Japan Capped Hedged Index. Under the representative sampling technique, the investment manager will select securities that collectively have an investment profile similar to that of the FTSE Japan Capped Hedged Index, including securities that resemble those included in the FTSE Japan Capped Hedged Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings.

The FTSE Japan Capped Hedged Index incorporates a hedge against fluctuations of the Japanese yen by reflecting the impact of rolling monthly currency forward contracts on the Japanese yen (the "hedge impact"). The return of the FTSE Japan Capped Hedged Index is calculated as the sum of the return of the corresponding unhedged index denominated in U.S. dollars plus the hedge impact. The FTSE Japan Capped Hedged Index is calculated as if it sells forward the total value of the non-U.S. dollar denominated securities included in the FTSE Japan Capped Hedged Index at a one-month forward rate to effectively create a hedge against fluctuations in the relative value of the Japanese yen in relation to the U.S. dollar. The hedge is reset on a monthly basis by simulating the setting up of a similar transaction in which the notional amount of the forwards sold represents the new month-end value of the non-U.S. dollar denominated securities included in the FTSE Japan Capped Hedged Index. No adjustment to the hedge is made during the month to account for changes in the FTSE Japan Capped Hedged Index due to price movement of securities, corporate events, additions, deletions or any other changes (i.e., the amount hedged is kept constant over the whole month). The FTSE Japan Capped Hedged Index is designed to have higher returns than an equivalent unhedged index when the Japanese yen is weakening relative to the U.S. dollar. Conversely, the FTSE Japan Capped Hedged Index will have lower returns than an equivalent unhedged index when the Japanese yen is rising relative to the U.S. dollar.

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 intends to enter into monthly foreign currency forward contracts and/or currency futures contracts designed to offset the Fund’s exposure to the Japanese yen, in order to seek to replicate the hedge impact incorporated in the calculation of the FTSE Japan Capped Hedged Index. The Fund’s exposure to foreign currency forward contracts and currency futures contracts is based on the aggregate exposure of the Fund to the Japanese yen.

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 Japan Capped Hedged Index is concentrated.

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FLJH - Performance

Return Ranking - Trailing

Period FLJH Return Category Return Low Category Return High Rank in Category (%)
YTD 20.2% -1.6% 24.1% 10.53%
1 Yr 37.4% -0.5% 47.3% 5.26%
3 Yr 19.5%* -10.5% 26.1% 8.57%
5 Yr 17.5%* -2.5% 21.0% 6.06%
10 Yr N/A* 1.7% 13.3% 89.66%

* Annualized

Return Ranking - Calendar

Period FLJH Return Category Return Low Category Return High Rank in Category (%)
2023 7.8% 0.0% 36.8% 92.11%
2022 -22.7% -34.0% 2.8% 72.97%
2021 11.2% -15.7% 14.9% 5.88%
2020 10.6% -6.2% 31.2% 66.67%
2019 20.3% 4.7% 24.4% 28.13%

Total Return Ranking - Trailing

Period FLJH Return Category Return Low Category Return High Rank in Category (%)
YTD 20.2% -1.6% 24.1% 10.53%
1 Yr 37.4% -0.5% 47.3% 5.26%
3 Yr 19.5%* -10.5% 26.1% 8.57%
5 Yr 17.5%* -2.5% 21.0% 6.06%
10 Yr N/A* 1.7% 13.3% N/A

* Annualized

Total Return Ranking - Calendar

Period FLJH Return Category Return Low Category Return High Rank in Category (%)
2023 36.2% 2.0% 42.0% 13.16%
2022 -2.6% -32.8% 5.9% 8.11%
2021 12.7% -15.1% 18.0% 11.76%
2020 10.6% -3.2% 34.7% 66.67%
2019 20.3% 7.7% 26.7% 46.88%

FLJH - Holdings

Concentration Analysis

FLJH Category Low Category High FLJH % Rank
Net Assets 39 M 6.23 M 16.7 B 92.11%
Number of Holdings 507 28 1791 15.79%
Net Assets in Top 10 6.55 M 2.15 M 4.4 B 94.74%
Weighting of Top 10 22.63% 3.5% 100.0% 76.32%

Top 10 Holdings

  1. Toyota Motor Corp 5.38%
  2. Sony Group Corp 2.86%
  3. Mitsubishi UFJ Financial Group Inc 2.45%
  4. Keyence Corp 2.10%
  5. Shin-Etsu Chemical Co Ltd 1.96%
  6. Tokyo Electron Ltd 1.92%
  7. Hitachi Ltd 1.56%
  8. Sumitomo Mitsui Financial Group Inc 1.53%
  9. Recruit Holdings Co Ltd 1.51%
  10. Mitsui Co Ltd 1.36%

Asset Allocation

Weighting Return Low Return High FLJH % Rank
Stocks
103.99% 93.56% 104.16% 5.26%
Cash
1.39% 0.02% 8.41% 71.05%
Preferred Stocks
0.00% 0.00% 1.22% 76.32%
Convertible Bonds
0.00% 0.00% 0.00% 73.68%
Bonds
0.00% 0.00% 0.08% 73.68%
Other
-5.38% -5.55% 2.88% 97.37%

FLJH - Expenses

Operational Fees

FLJH Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.09% 0.09% 3.46% 97.37%
Management Fee 0.09% 0.09% 0.90% 2.63%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.15% 0.20% N/A

Sales Fees

FLJH 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

FLJH 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.

FLJH Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 5.46% 2.95% 70.30% 9.09%

FLJH - Distributions

Dividend Yield Analysis

FLJH Category Low Category High FLJH % Rank
Dividend Yield 12.71% 0.00% 21.26% 2.63%

Dividend Distribution Analysis

FLJH Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annually SemiAnnual Annual

Net Income Ratio Analysis

FLJH Category Low Category High FLJH % Rank
Net Income Ratio 2.22% -0.63% 2.45% 15.79%

Capital Gain Distribution Analysis

FLJH Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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FLJH - 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
0.08 24.43 7.11 8.25