Franklin FTSE Latin America ETF
ALTAR
Score™
6.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
26.7x P/Sales
ratio
1.3x
P/BV
ratio
1.5x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
FLLA seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Latin America Capped Index. FTSE Latin America Capped Index is a market-capitalization weighted index representing the performance of Latin American large and mid capitalization stocks.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Franklin Templeton Investments
Website www.libertyshares.com
Inception date Oct 09, 2018
Assets (mns) $2
Currency USD
Expense ratio 19 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 159
Wgt avg mkt cap (mns) $14,604
Large cap (>$10bn) 42.5%
Mid cap ($2-10bn) 39.5%
Small cap (<$2bn) 8.5%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
VALE SA 7.3 %
BM&FBOVESPA SA 4.2 %
ITAU UNIBANCO HOLDING SA 4.2 %
AMERICA MOVIL SAB DE CV CLASS L 3.9 %
PETROBRAS - PETROLEO BRAS-PR 3.3 %
BANCO BRADESCO SA-PREF 3.3 %
PETROBRAS - PETROLEO BRAS 2.7 %
WALMART DE MEXICO-SER V 2.5 %
MAGAZINE LUIZA SA 2.4 %
GRUPO FINANCIERO BANORTE-O 2.4 %
Total 36.2 %

TOP COUNTRY EXPOSURE
BRAZIL 64.9 %
MEXICO 23.3 %
CHILE 7.0 %
COLOMBIA 3.3 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-36.3% -29.6% -- -- -14.4%

Market Correlations
versus... Beta R-squared
S&P500 1.18 50%
MSCI EAFE 1.58 69%
MSCI Emg. Mkts. 1.34 77%

Technical Indicators
Recent close $19.25
30d moving avg. $18.60
Annualized volatility 34.7%
Short interest (ETF) 0.2%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $3,260

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Franklin FTSE Latin America ETF ETF based on the alternatives' overlap in portfolio holdings with FLLA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FLLA Expense: 19 bp ALTAR Score™: 6.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLLA
Ticker Fund
Name
Overlap1
vs FLLA
(%)
Expense
ratio
(bp)
Savings
vs FLLA
(bp)
ALTAR
Score™
(%)
ALTAR
vs FLLA
(%)
FLBR Franklin FTSE Brazil ETF 64.9 19 0 5.2 -1.4
EWZ iShares MSCI Brazil Capped ETF 58.3 59 -40 4.7 -1.9
FLN First Trust Latin America AlphaDEX Fund 35.5 80 -61 7.3 +0.7
ILF iShares Latin America 40 ETF 33.1 48 -29 6.2 -0.4
FBZ First Trust Brazil AlphaDEX Fund 32.6 80 -61 6.8 +0.2
FLMX Franklin FTSE Mexico ETF 23.3 19 0 9.2 +2.6
EWW iShares MSCI Mexico Capped ETF 21.9 49 -30 8.4 +1.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 17.4 44 -25 9.0 +2.4
BICK First Trust BICK Index Fund 13.7 64 -45 4.6 -2.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 13.3 39 -20 13.3 +6.7
RNEM Emerging Markets Equity Select ETF 13.0 75 -56 11.7 +5.1
XCEM Columbia EM Core ex-China ETF 12.5 16 3 7.1 +0.4
PXH Invesco FTSE RAFI Emerging Markets ETF 12.0 50 -31 13.2 +6.6
EMXC iShares MSCI Emerging Markets ex China ETF 12.0 25 -6 8.1 +1.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 11.7 49 -30 7.7 +1.1
ROAM Hartford Multifactor Emerging Markets ETF 11.0 44 -25 13.0 +6.4
ISEM Invesco Strategic Emerging Markets ETF 10.2 35 -16 10.7 +4.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 9.8 49 -30 7.9 +1.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 9.1 32 -13 8.9 +2.3
PICK iShares MSCI Global Metals & Mining Producers ETF 8.5 39 -20 6.9 +0.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 8.4 45 -26 7.5 +0.9
PBEE Invesco PureBeta FTSE Emerging Markets ETF 8.3 15 4 8.4 +1.7
EMFM Global X MSCI Next Emerging & Frontier ETF 8.2 66 -47 9.0 +2.4
BKF iShares MSCI BRIC ETF 7.9 69 -50 7.3 +0.7
DVEM WisdomTree Emerging Markets Dividend Fund 7.9 32 -13 7.2 +0.6
SCHE Schwab Emerging Markets Equity ETF 7.7 11 8 7.8 +1.2
JHEM John Hancock Multifactor Emerging Markets ETF 7.7 49 -30 8.7 +2.1
NUEM Nuveen ESG Emerging Markets Equity ETF 7.5 45 -26 6.7 +0.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 7.3 36 -17 7.2 +0.6
FEM First Trust Emerging Markets AlphaDEX Fund 6.9 80 -61 13.7 +7.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 6.9 65 -46 7.4 +0.8
EEM iShares MSCI Emerging Markets ETF 6.9 68 -49 7.3 +0.7
ECH iShares MSCI Chile ETF 6.9 59 -40 7.8 +1.2
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 6.8 51 -32 16.3 +9.7
ESGE iShares ESG MSCI EM ETF 6.7 25 -6 8.5 +1.9
IEMG iShares Core MSCI Emerging Markets ETF 6.6 13 6 7.8 +1.2
VWO Vanguard FTSE Emerging Markets ETF 6.6 10 9 7.9 +1.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 6.2 30 -11 7.6 +1.0
FDEM Fidelity Targeted Emerging Markets Factor ETF 5.9 45 -26 8.4 +1.8
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 5.9 45 -26 14.3 +7.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 5.8 59 -40 11.0 +4.4
PIE Invesco DWA Emerging Markets Momentum ETF 5.6 90 -71 4.9 -1.7
BKEM BNY Mellon Emerging Markets Equity ETF 5.6 11 8 8.2 +1.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 5.5 95 -76 8.0 +1.4
DEM WisdomTree Emerging Markets High Dividend Fund 5.5 63 -44 15.0 +8.4
FRDM Freedom 100 Emerging Markets ETF 5.5 49 -30 6.5 -0.1
VIDI Vident International Equity Fund 5.5 59 -40 11.3 +4.6
ECON Columbia Emerging Markets Consumer ETF 5.5 59 -40 4.9 -1.7
DVYE iShares Emerging Markets Dividend ETF 5.4 49 -30 17.1 +10.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 5.4 20 -1 6.7 +0.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 5.3 32 -13 5.6 -1.0
EWZS iShares MSCI Brazil Small-Cap ETF 5.3 59 -40 4.0 -2.7
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 5.2 45 -26 9.1 +2.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 4.9 74 -55 13.6 +6.9
ICOL iShares MSCI Colombia ETF 4.8 61 -42 9.1 +2.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 4.8 69 -50 7.7 +1.0
SPEM SPDR Portfolio Emerging Markets ETF 4.6 11 8 7.7 +1.1
AVEM Avantis Emerging Markets Equity ETF 4.2 33 -14 8.7 +2.1
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.0 60 -41 10.6 +4.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 3.9 30 -11 8.7 +2.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 3.9 29 -10 10.0 +3.4
EDIV SPDR S&P Emerging Markets Dividend ETF 3.9 49 -30 12.0 +5.4
GXG Global X MSCI Colombia ETF 3.8 62 -43 8.6 +2.0
BLES Inspire Global Hope Large Cap ETF 3.3 52 -33 6.5 -0.1
BRF VanEck Vectors Brazil Small-Cap ETF 3.2 63 -44 3.0 -3.6
GUNR Flexshares Morningstar Global Upstream Natural Resources 3.2 46 -27 6.3 -0.4
EWX SPDR S&P Emerging Markets Small Cap ETF 3.2 65 -46 7.2 +0.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 3.1 47 -28 9.2 +2.6
EEMO Invesco S&P Emerging Markets Momentum ETF 3.0 29 -10 4.0 -2.6
SDEM Global X SuperDividend Emerging Markets ETF 2.9 66 -47 18.2 +11.6
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 2.9 80 -61 18.4 +11.7
FILL iShares MSCI Global Energy Producers ETF 2.8 39 -20 7.6 +1.0
VYMI Vanguard International High Dividend Yield ETF 2.8 27 -8 10.1 +3.5
FPXI First Trust International Equity Opportunities ETF 2.7 70 -51 2.5 -4.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 2.6 40 -21 7.2 +0.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.5 63 -44 12.5 +5.9
CUT Invesco MSCI Global Timber ETF 2.3 61 -42 8.4 +1.7
IQDF FlexShares International Quality Dividend Index Fund 2.1 47 -28 9.1 +2.5
ACWX iShares MSCI ACWI ex U.S. ETF 2.1 32 -13 7.2 +0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.1 40 -21 7.0 +0.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.1 61 -42 9.0 +2.3
MOTI VanEck Vectors Morningstar International Moat ETF 2.0 57 -38 9.9 +3.3
VSGX Vanguard ESG International Stock ETF 2.0 17 2 7.0 +0.4
IXUS ishares Core MSCI Total International Stock ETF 2.0 9 10 7.3 +0.7
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 1.9 50 -31 10.3 +3.7
KMED KraneShares Emerging Markets Healthcare Index ETF 1.9 79 -60 2.4 -4.2
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 1.8 25 -6 7.9 +1.3
COPX Global X Copper Miners ETF 1.8 65 -46 6.1 -0.5
VXUS Vanguard Total International Stock Index Fund 1.7 8 11 7.5 +0.9
VEU Vanguard FTSE All-World ex-US Index Fund 1.7 8 11 7.5 +0.9
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 1.7 16 3 6.9 +0.3
IQDE FlexShares International Quality Dividend Defensive Index Fd 1.7 47 -28 9.1 +2.5
YLCO Global X YieldCo Index ETF 1.6 65 -46 4.6 -2.0
WOOD iShares Global Timber & Forestry ETF 1.6 46 -27 9.1 +2.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 1.5 20 -1 11.6 +4.9
LVIN Hartford Multifactor Low Volatility International Equity ETF 1.5 29 -10 11.5 +4.9
SDIV Global X SuperDividend ETF 1.4 59 -40 13.5 +6.9
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 1.4 60 -41 4.4 -2.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Franklin FTSE Latin America ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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™


Calculation of ALTAR Score™
Avg. Return on Equity 9.9 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.43
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.