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Franklin FTSE China (FLCH)Overvalued or undervalued?
Look-through valuation · Country · Expense ratio 0.19 % · ISIN US35473P8196
Price history (since 2017)
Monthly close since 2017. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Tencent Holdings Ltd 0700 | 12.4 % | +84.2 % | 70 |
| Alibaba Group Holding Ltd 9988 | 8.8 % | n/a | n/a |
| China Construction Bank Corp 0939 | 4.0 % | n/a | n/a |
| Industrial and Commercial Bank of China 1398 | 2.9 % | n/a | n/a |
| Xiaomi Corp 1810 | 2.2 % | +89.3 % | 56 |
| PDD Holdings Inc. PDD | 2.2 % | +200.0 % | 67 |
| Meituan 3690 | 2.0 % | n/a | n/a |
| Bank of China Ltd H 3988 | 1.9 % | n/a | n/a |
| NetEase Inc 9999 | 1.6 % | n/a | n/a |
| Ping An Insurance 2318 | 1.4 % | n/a | n/a |
| BYD Company Limited 1211 | 1.2 % | n/a | n/a |
| Jd Com Inc 9618 | 1.2 % | +60.0 % | 59 |
| PetroChina Company Limited 0857 | 1.0 % | n/a | n/a |
| China Merchants Bank Co Ltd Class H 3968 | 0.9 % | n/a | n/a |
| WuXi Biologics 2269 | 0.9 % | +10.0 % | 68 |
| Zijin Mining Group Co Ltd-H 2899 | 0.9 % | n/a | n/a |
| Trip.com Group Ltd 9961 | 0.8 % | +117.0 % | 69 |
| Baidu Inc 9888 | 0.8 % | n/a | n/a |
| China Life Insurance Co Ltd 2628 | 0.8 % | +96.3 % | 62 |
| Kweichow Moutai Co Ltd 600519 | 0.7 % | +23.8 % | 80 |
| China Shenhua Energy Co Ltd H 1088 | 0.6 % | n/a | n/a |
| Innovent Biologics Inc 1801 | 0.6 % | −38.8 % | 56 |
| Agricultural Bank Of China 1288 | 0.6 % | n/a | n/a |
| Yum China Holdings Inc YUMC | 0.5 % | +14.4 % | 73 |
| PICC Property & Casualty-H 2328 | 0.5 % | +25.0 % | 66 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 1075 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 KWEB KraneShares CSI China Internet ETF 49.7 % below FV
- 2 CHIQ Global X MSCI China Consumer Disc ETF 49.3 % below FV
- 3 CHIU Global X MSCI China Utilities ETF 45.9 % below FV
- 4 MCHI iShares MSCI China ETF 36.3 % below FV
- 5 FLCH Franklin FTSE China ETF 35.9 % below FV
- 6 FDNI First Trust Dow Jones International Internet ETF 28.4 % below FV
- 7 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 26.1 % below FV
- 8 ITB iShares U.S. Home Construction ETF 23.0 % below FV
- 9 FDEM Fidelity® Emerging Markets Multifactor ETF 17.0 % below FV
- 10 XLC Communication Services Select Sector SPDR® Fund 16.2 % below FV
Frequently asked about FLCH
Is FLCH overvalued?
What is the fair value of FLCH?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of FLCH?
What is the expense ratio of FLCH?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Franklin FTSE China ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Oct 26, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.