Franklin FTSE Latin America ETF
ALTAR
Score™		 12.1% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 10.0x P/Sales
ratio		 0.9x
P/BV
ratio		 1.4x Div.
yield		 4.7%


  • 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) $44
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 143
Wgt avg mkt cap (mns) $26,725
Large cap (>$10bn) 61.2%
Mid cap ($2-10bn) 28.2%
Small cap (<$2bn) 3.3%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
VALE SA 6.7 %
HAPVIDA PARTICIPACOES E INVESTIMEN 6.4 %
ITAU UNIBANCO HOLDING SA 6.1 %
PETROBRAS - PETROLEO BRAS-PR 5.5 %
GRUPO FINANCIERO BANORTE-O 4.8 %
PETROBRAS - PETROLEO BRAS 4.0 %
GRUPO MEXICO S.A.B. DE C.V. CLASS 3.8 %
BANCO BRADESCO SA-PREF 2.9 %
AMERICA MOVIL SAB DE CV ADR - SERI 2.8 %
WALMART DE MEXICO-SER V 2.8 %
Total 45.7 %

TOP COUNTRY EXPOSURE
BRAZIL 72.2 %
MEXICO 29.6 %
CHILE 8.7 %
COLOMBIA 1.9 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
47.0% 33.9% 8.5% -- 4.1%

Market Correlations
versus... Beta R-squared
S&P500 0.56 27%
MSCI EAFE 0.83 42%
MSCI Emg. Mkts. 0.77 42%

Technical Indicators
Recent close $24.76
30d moving avg. $23.89
Annualized volatility 20.8%
Short interest (ETF) 2.9%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 18
Turnover 1.0%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $1,929

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 200 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™: 12.1%


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 72.2 19 0 13.5 +1.4
EWZ iShares MSCI Brazil ETF 48.8 58 -39 11.8 -0.4
FLN First Trust Latin America AlphaDEX Fund 43.4 80 -61 10.7 -1.4
ILF iShares Latin America 40 ETF 32.9 48 -29 11.5 -0.7
EWW iShares MSCI Mexico ETF 29.3 50 -31 9.2 -3.0
FLMX Franklin FTSE Mexico ETF 28.7 19 0 9.7 -2.5
EMDM First Trust Bloomberg Emerging Market Democracies ETF 23.8 75 -56 9.6 -2.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 21.8 44 -25 10.4 -1.8
FTHF First Trust Emerging Markets Human Flourishing ETF 21.7 75 -56 9.1 -3.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 15.4 39 -20 15.3 +3.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 14.9 29 -10 8.9 -3.3
DVYE iShares Emerging Markets Dividend ETF 13.8 49 -30 17.8 +5.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 13.7 70 -51 11.7 -0.5
DEM WisdomTree Emerging Markets High Dividend Fund 13.6 63 -44 12.7 +0.6
PXH Invesco FTSE RAFI Emerging Markets ETF 12.7 49 -30 14.7 +2.6
OTGL OTG Latin America ETF 11.7 269 -250 8.2 -4.0
XCEM Columbia EM Core ex-China ETF 11.6 16 3 7.7 -4.5
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 11.6 88 -69 7.4 -4.8
EMMF WisdomTree Emerging Markets Multifactor Fund 11.5 48 -29 7.0 -5.2
FRDM Freedom 100 Emerging Markets ETF 11.5 49 -30 7.2 -4.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 11.3 24 -5 7.3 -4.9
FEM First Trust Emerging Markets AlphaDEX Fund 11.2 80 -61 11.3 -0.8
RNEM First Trust Emerging Markets Equity Select ETF 10.6 75 -56 8.4 -3.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 10.4 32 -13 6.3 -5.8
BRAZ Global X Brazil Active ETF 9.7 75 -56 11.4 -0.7
UEVM VictoryShares Emerging Markets Value Momentum ETF 8.7 45 -26 10.1 -2.1
ECH iShares MSCI Chile ETF 8.5 58 -39 7.1 -5.0
XC WisdomTree Emerging Markets Ex-China Fund 8.2 32 -13 5.4 -6.8
GVAL Cambria Global Value ETF 8.1 68 -49 10.4 -1.8
STXE Strive Emerging Markets Ex-China ETF 7.9 32 -13 7.4 -4.8
XCNY SPDR S&P Emerging Markets ex-China ETF 7.8 15 4 7.2 -4.9
ECON Columbia Emerging Markets Consumer ETF 7.6 49 -30 11.6 -0.5
JHEM John Hancock Multifactor Emerging Markets ETF 7.5 49 -30 9.3 -2.8
EMXC iShares MSCI Emerging Markets ex China ETF 7.5 25 -6 6.9 -5.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 7.3 15 4 7.4 -4.7
JADE JPMorgan Active Developing Markets Equity ETF 7.2 65 -46 7.6 -4.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 7.0 50 -31 10.2 -2.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 7.0 45 -26 9.6 -2.6
ROAM Hartford Multifactor Emerging Markets ETF 7.0 44 -25 11.1 -1.1
FDEM Fidelity Emerging Markets Multifactor ETF 6.9 25 -6 11.9 -0.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 6.9 59 -40 8.5 -3.6
BKEM BNY Mellon Emerging Markets Equity ETF 6.9 11 8 9.2 -2.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 6.9 36 -17 8.9 -3.2
NUEM Nuveen ESG Emerging Markets Equity ETF 6.7 36 -17 7.2 -4.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 6.7 33 -14 9.2 -3.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 6.7 15 4 9.6 -2.6
EVLU iShares MSCI Emerging Markets Value Factor ETF 6.5 35 -16 16.1 +4.0
SDEM Global X MSCI SuperDividend Emerging Markets ETF 6.4 67 -48 14.7 +2.5
BKF iShares MSCI BIC ETF 6.4 69 -50 12.9 +0.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 6.4 32 -13 8.4 -3.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 6.3 66 -47 8.9 -3.3
SCHE Schwab Emerging Markets Equity ETF 6.3 11 8 10.5 -1.7
VIDI Vident International Equity Strategy ETF 6.2 61 -42 10.4 -1.8
PICK iShares MSCI Global Metals & Mining Producers ETF 6.2 39 -20 10.6 -1.6
LDEM iShares ESG MSCI EM Leaders ETF 6.1 17 2 13.8 +1.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 6.0 20 -1 -0.2 -12.3
EMXF iShares ESG Advanced MSCI EM ETF 5.9 16 3 7.9 -4.2
DSTX Distillate International Fundamental Stability & Value ETF 5.9 55 -36 7.5 -4.6
VWO Vanguard FTSE Emerging Markets ETF 5.6 7 12 10.1 -2.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 5.5 95 -76 10.8 -1.3
SDIV Global X Superdividend ETF 5.5 58 -39 41.7 +29.6
AVES Avantis Emerging Markets Value ETF 5.5 36 -17 10.7 -1.5
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 5.3 90 -71 4.8 -7.3
EEM iShares MSCI Emerging Markets ETF 5.3 69 -50 9.4 -2.7
EDIV SPDR S&P Emerging Markets Dividend ETF 5.1 49 -30 9.3 -2.8
EWZS iShares MSCI Brazil Small-Cap ETF 5.1 59 -40 10.8 -1.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 5.0 30 -11 9.8 -2.4
EMGF iShares Emerging Markets Equity Factor ETF 5.0 25 -6 10.7 -1.4
IEMG iShares Core MSCI Emerging Markets ETF 4.8 9 10 9.7 -2.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 4.8 30 -11 9.0 -3.2
WWJD Inspire International ETF 4.7 80 -61 7.1 -5.1
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.6 60 -41 7.8 -4.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 4.6 58 -39 9.4 -2.7
AVXC Avantis Emerging Markets Ex-China Equity ETF 4.6 33 -14 8.1 -4.1
ESGE iShares ESG Aware MSCI EM ETF 4.5 25 -6 9.3 -2.9
EMC Global X Emerging Markets Great Consumer ETF 4.5 75 -56 7.4 -4.7
VCLN Virtus Duff & Phelps Clean Energy ETF 4.4 59 -40 3.9 -8.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 4.0 46 -27 9.4 -2.8
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 3.8 85 -66 6.1 -6.0
DMAT Global X Disruptive Materials ETF 3.8 59 -40 6.7 -5.5
GMET VanEck Green Metals ETF 3.8 63 -44 7.2 -4.9
ICOP iShares Copper and Metals Mining ETF 3.8 47 -28 7.5 -4.7
AVEM Avantis Emerging Markets Equity ETF 3.7 33 -14 8.1 -4.0
SPEM SPDR Portfolio Emerging Markets ETF 3.6 7 12 10.3 -1.8
AVEE Avantis Emerging Markets Small Cap Equity ETF 3.5 42 -23 9.6 -2.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 3.5 41 -22 8.2 -4.0
DFAE Dimensional Emerging Core Equity Market ETF 3.4 35 -16 8.6 -3.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 3.3 25 -6 6.4 -5.7
CGV Conductor Global Equity Value ETF 3.2 130 -111 7.8 -4.4
DEXC Dimensional Emerging Markets ex China Core EquityETF 3.2 53 -34 7.2 -4.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 2.9 42 -23 6.4 -5.8
VYMI Vanguard International High Dividend Yield ETF 2.9 17 2 9.0 -3.1
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.9 60 -41 10.6 -1.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 2.8 38 -19 8.5 -3.6
DFEV Dimensional Emerging Markets Value ETF 2.8 43 -24 11.9 -0.3
AVSE Avantis Responsible Emerging Markets Equity ETF 2.8 33 -14 7.9 -4.3
CGXU Capital Group International Focus Equity ETF 2.8 54 -35 5.5 -6.7
DEHP Dimensional Emerging Markets High Profitability ETF 2.7 41 -22 6.3 -5.8
EYLD Cambria Emerging Shareholder Yield ETF 2.7 66 -47 11.6 -0.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.6 47 -28 7.8 -4.3
BINV Brandes International ETF 2.6 70 -51 9.0 -3.2
IQDF FlexShares International Quality Dividend Index Fund 2.6 47 -28 8.4 -3.8
EEMO Invesco S&P Emerging Markets Momentum ETF 2.6 29 -10 7.6 -4.5
BLES Inspire Global Hope ETF 2.5 61 -42 6.8 -5.3
BATT Amplify Lithium & Battery Technology ETF 2.5 59 -40 2.8 -9.4
EMM Global X Emerging Markets ex-China ETF 2.5 75 -56 7.1 -5.0
JIVE JPMorgan International Value ETF 2.4 55 -36 10.7 -1.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 2.3 40 -21 6.7 -5.5
DEW WisdomTree Global High Dividend Fund 2.3 58 -39 8.2 -3.9
ICLN iShares Global Clean Energy ETF 2.2 41 -22 3.3 -8.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 2.2 70 -51 7.5 -4.7
BLLD JPMorgan Sustainable Infrastructure ETF 2.1 49 -30 6.0 -6.2
SCHY Schwab International Dividend Equity ETF 2.1 14 5 9.2 -2.9
COLO Global X MSCI Colombia ETF 2.1 62 -43 20.2 +8.1
PIO Invesco Global Water ETF 2.0 75 -56 4.5 -7.7
EFRA iShares Environmental Infrastructure and Industrials ETF 2.0 47 -28 5.3 -6.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.0 18 1 7.2 -4.9
RODE Hartford Multifactor Diversified International ETF 2.0 29 -10 10.4 -1.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 2.0 47 -28 5.7 -6.5
CGW Invesco S&P Global Water Index ETF 2.0 57 -38 4.7 -7.4
AQWA Global X Clean Water ETF 1.9 50 -31 5.1 -7.0
MXI iShares Global Materials ETF 1.8 41 -22 7.0 -5.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.8 41 -22 7.1 -5.1
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.7 80 -61 13.8 +1.7
MOTG VanEck Morningstar Global Wide Moat ETF 1.7 52 -33 8.9 -3.3
MOTI VanEck Morningstar International Moat ETF 1.7 58 -39 10.8 -1.4
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.7 58 -39 4.4 -7.7
ACWX iShares MSCI ACWI ex U.S. ETF 1.6 34 -15 7.3 -4.9
MEM Matthews Emerging Markets Equity Active ETF 1.6 79 -60 7.3 -4.9
SDG iShares MSCI Global Sustainable Development Goals ETF 1.6 49 -30 5.0 -7.2
VXUS Vanguard Total International Stock ETF 1.6 5 14 7.6 -4.6
DWX SPDR S&P International Dividend ETF 1.6 45 -26 7.2 -4.9
VEU Vanguard FTSE All-World ex-US Index Fund 1.5 4 15 7.7 -4.5
IXUS iShares Core MSCI Total International Stock ETF 1.5 7 12 7.5 -4.7
RWX SPDR Dow Jones International Real Estate ETF 1.5 59 -40 6.9 -5.3
CUT Invesco MSCI Global Timber ETF 1.5 61 -42 10.9 -1.2
WOOD iShares Global Timber & Forestry ETF 1.5 42 -23 13.3 +1.1
VSGX Vanguard ESG International Stock ETF 1.4 10 9 7.5 -4.7
SIL Global X Silver Miners ETF 1.3 65 -46 2.4 -9.7
GDX VanEck Gold Miners ETF 1.3 51 -32 3.5 -8.7
GDXJ VanEck Junior Gold Miners ETF 1.3 52 -33 3.5 -8.7
SLVP iShares MSCI Global Silver Miners ETF 1.3 39 -20 4.5 -7.6
AGMI Themes Silver Miners ETF 1.3 35 -16 3.7 -8.4
RCGE RockCreek Global Equality ETF 1.3 95 -76 6.6 -5.5
ERTH Invesco MSCI Sustainable Future ETF 1.2 62 -43 3.4 -8.7
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.2 10 9 6.7 -5.4
KXI iShares Global Consumer Staples ETF 1.2 41 -22 5.7 -6.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.2 30 -11 7.4 -4.7
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.1 72 -53 -1.3 -13.4
IDRV iShares Self-driving EV & Tech ETF 1.1 47 -28 1.3 -10.8
EWX SPDR S&P Emerging Markets Small Cap ETF 1.1 65 -46 7.9 -4.2
EPU iShares MSCI Peru and Global Exposure ETF 1.0 59 -40 5.7 -6.5
BRF VanEck Brazil Small-Cap ETF 1.0 66 -47 10.9 -1.2
HAP VanEck Natural Resources ETF 1.0 50 -31 8.7 -3.5
ARGT Global X MSCI Argentina ETF 1.0 59 -40 3.8 -8.3
JSTC Adasina Social Justice All Cap Global ETF 0.9 89 -70 5.1 -7.1
CWI SPDR MSCI ACWI ex-US ETF 0.9 30 -11 7.5 -4.7
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.9 12 7 8.3 -3.9
JXI iShares Global Utilities ETF 0.8 43 -24 5.5 -6.6
SILJ ETFMG Prime Junior Silver Miners ETF 0.8 69 -50 1.1 -11.0
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.7 60 -41 10.3 -1.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.6 20 -1 5.5 -6.7
FEOE First Eagle Overseas Equity ETF 0.6 79 -60 7.0 -5.2
SUPL ProShares Supply Chain Logistics ETF 0.6 58 -39 10.1 -2.0
MOO VanEck Agribusiness ETF 0.6 53 -34 10.6 -1.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.6 12 7 5.1 -7.0
ACWI iShares MSCI ACWI ETF 0.6 32 -13 5.4 -6.8
VT Vanguard Total World Stock ETF 0.6 6 13 5.7 -6.4
RWO SPDR Dow Jones Global Real Estate ETF 0.5 50 -31 7.0 -5.2
DGT State Street SPDR Global Dow ETF 0.5 50 -31 6.6 -5.6
GLOF iShares Global Equity Factor ETF 0.5 20 -1 6.7 -5.5
XT iShares Exponential Technologies ETF 0.5 46 -27 4.6 -7.5
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 -20 9.0 -3.2
IXG iShares Global Financials ETF 0.4 42 -23 6.6 -5.6
IGRO iShares International Dividend Growth ETF 0.4 15 4 7.0 -5.1
CGGR Capital Group Growth ETF 0.4 39 -20 3.4 -8.8
FTRI First Trust Indxx Global Natural Resources Income ETF 0.4 70 -51 7.6 -4.6
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 -1 5.9 -6.2
SHPP Pacer Industrials and Logistics ETF 0.3 60 -41 8.1 -4.0
SMOG VanEck Low Carbon Energy ETF 0.3 61 -42 1.6 -10.6
AVRE Avantis Real Estate ETF 0.3 17 2 7.4 -4.8
EXI iShares Global Industrials ETF 0.3 42 -23 4.5 -7.7
REET iShares Global REIT ETF 0.3 14 5 7.6 -4.6
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 9 5.6 -6.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 10 5.6 -6.6
FPAG FPA Global Equity ETF 0.3 49 -30 5.7 -6.4
OCEN IQ Clean Oceans ETF 0.2 45 -26 5.1 -7.0
RNRG Global X Renewable Energy Producers ETF 0.2 66 -47 5.2 -7.0
DFGR Dimensional Global Real Estate ETF 0.2 22 -3 7.8 -4.3
FPXI First Trust International Equity Opportunities ETF 0.2 70 -51 4.3 -7.8
GEW Cambria Global EW ETF 0.2 29 -10 0.0 -12.1
CLNR IQ Cleaner Transport ETF 0.2 45 -26 5.0 -7.1
VEGI iShares MSCI Agriculture Producers ETF 0.2 39 -20 9.1 -3.1
IPKW Invesco International BuyBack Achievers ETF 0.2 55 -36 8.8 -3.4
IPAV Global X Infrastructure Development ex-U.S. ETF 0.2 55 -36 6.8 -5.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 8 11 7.2 -5.0
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.1 56 -37 2.8 -9.3
RXI iShares Global Consumer Discretionary ETF 0.1 41 -22 8.3 -3.9
FTAG First Trust Indxx Global Agriculture ETF 0.1 70 -51 8.3 -3.8
IXJ iShares Global Healthcare ETF 0.1 42 -23 6.6 -5.5

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
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

Content on this tab for subscribers only

VALUATION METRICS
  2024 2025E 2026E
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:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.6 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 12.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 CATEGORY
AVERAGE		 1.54
 
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.