Franklin FTSE Latin America ETF
ALTAR
Score™		 13.5% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 8.4x P/Sales
ratio		 0.8x
P/BV
ratio		 1.2x Div.
yield		 5.8%


  • 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) $30
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 151
Wgt avg mkt cap (mns) $22,107
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 6.4 %
PETROBRAS - PETROLEO BRAS-PR 5.8 %
ITAU UNIBANCO HOLDING SA 4.8 %
PETROBRAS - PETROLEO BRAS 4.2 %
GRUPO FINANCIERO BANORTE-O 3.7 %
FOMENTO ECONOMICO MEXICANO SAB DE 3.0 %
AMERICA MOVIL SAB DE CV ADR - SERI 2.8 %
GRUPO MEXICO S.A.B. DE C.V. CLASS 2.8 %
WALMART DE MEXICO-SER V 2.5 %
WEG SA 2.2 %
Total 38.2 %

TOP COUNTRY EXPOSURE
BRAZIL 56.0 %
MEXICO 24.7 %
CHILE 8.0 %
COLOMBIA 1.9 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
8.3% -19.7% 0.3% -- -0.3%

Market Correlations
versus... Beta R-squared
S&P500 1.04 50%
MSCI EAFE 1.08 55%
MSCI Emg. Mkts. 0.79 29%

Technical Indicators
Recent close $19.67
30d moving avg. $19.12
Annualized volatility 25.3%
Short interest (ETF) 0.3%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 19
Turnover 1.3%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $1,929

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 189 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™: 13.5%


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 57.2 19 0 15.3 +1.9
EWZ iShares MSCI Brazil ETF 49.8 58 -39 13.7 +0.2
FLN First Trust Latin America AlphaDEX Fund 40.2 80 -61 10.6 -2.9
FBZ First Trust Brazil AlphaDEX Fund 30.5 80 -61 13.4 -0.1
ILF iShares Latin America 40 ETF 30.3 48 -29 13.5 0.0
EWW iShares MSCI Mexico ETF 24.4 50 -31 9.6 -3.9
EMDM First Trust Bloomberg Emerging Market Democracies ETF 24.1 75 -56 10.3 -3.2
FLMX Franklin FTSE Mexico ETF 23.9 19 0 9.9 -3.6
FTHF First Trust Emerging Markets Human Flourishing ETF 20.0 75 -56 9.8 -3.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 18.6 44 -25 11.0 -2.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 14.6 29 -10 8.7 -4.8
DVYE iShares Emerging Markets Dividend ETF 13.3 49 -30 18.9 +5.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 12.9 39 -20 16.9 +3.4
DEM WisdomTree Emerging Markets High Dividend Fund 12.4 63 -44 13.6 +0.1
PXH Invesco FTSE RAFI Emerging Markets ETF 12.0 49 -30 16.7 +3.2
FEM First Trust Emerging Markets AlphaDEX Fund 12.0 80 -61 13.8 +0.3
FRDM Freedom 100 Emerging Markets ETF 11.4 49 -30 9.1 -4.4
RNEM First Trust Emerging Markets Equity Select ETF 11.0 75 -56 1.0 -12.5
ECOW Pacer Emerging Markets Cash Cows 100 ETF 10.9 70 -51 15.8 +2.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 10.1 24 -5 8.3 -5.2
EMMF WisdomTree Emerging Markets Multifactor Fund 9.9 48 -29 7.8 -5.7
XCEM Columbia EM Core ex-China ETF 9.7 16 3 8.5 -5.0
GVAL Cambria Global Value ETF 8.9 68 -49 11.3 -2.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 8.7 32 -13 7.0 -6.5
BRAZ Global X Brazil Active ETF 8.6 75 -56 13.1 -0.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 8.5 88 -69 10.3 -3.2
EMXC iShares MSCI Emerging Markets ex China ETF 8.3 25 -6 8.0 -5.5
STXE Strive Emerging Markets Ex-China ETF 8.1 32 -13 8.2 -5.3
XCNY SPDR S&P Emerging Markets ex-China ETF 8.1 15 4 0.0 -13.5
ECH iShares MSCI Chile ETF 7.6 58 -39 9.3 -4.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 7.3 45 -26 11.1 -2.4
SDEM Global X MSCI SuperDividend Emerging Markets ETF 7.2 67 -48 13.3 -0.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 6.9 95 -76 13.1 -0.4
ECON Columbia Emerging Markets Consumer ETF 6.7 49 -30 12.9 -0.6
BKF iShares MSCI BIC ETF 6.4 69 -50 13.0 -0.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 6.4 35 -16 21.6 +8.1
SCHE Schwab Emerging Markets Equity ETF 6.4 11 8 11.6 -1.9
JHEM John Hancock Multifactor Emerging Markets ETF 6.3 49 -30 10.5 -3.0
XC WisdomTree Emerging Markets Ex-China Fund 6.2 32 -13 5.5 -8.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 6.1 45 -26 11.0 -2.5
FDEM Fidelity Emerging Markets Multifactor ETF 6.1 25 -6 13.5 +0.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 6.0 59 -40 13.7 +0.2
LDEM iShares ESG MSCI EM Leaders ETF 5.9 17 2 12.9 -0.6
NUEM Nuveen ESG Emerging Markets Equity ETF 5.9 36 -17 8.1 -5.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 5.8 33 -14 10.6 -2.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 5.8 50 -31 11.6 -1.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 5.8 15 4 8.6 -4.9
ICOP iShares Copper and Metals Mining ETF 5.7 47 -28 10.0 -3.5
ROAM Hartford Multifactor Emerging Markets ETF 5.7 44 -25 11.3 -2.2
EMGF iShares Emerging Markets Equity Factor ETF 5.7 25 -6 12.4 -1.1
EMM Global X Emerging Markets ex-China ETF 5.7 75 -56 5.0 -8.5
BKEM BNY Mellon Emerging Markets Equity ETF 5.6 11 8 11.8 -1.7
VWO Vanguard FTSE Emerging Markets ETF 5.6 8 11 10.9 -2.6
PICK iShares MSCI Global Metals & Mining Producers ETF 5.6 39 -20 14.1 +0.6
EEM iShares MSCI Emerging Markets ETF 5.6 69 -50 10.7 -2.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 5.5 36 -17 11.2 -2.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 5.5 66 -47 10.2 -3.3
ESGE iShares ESG Aware MSCI EM ETF 5.5 25 -6 10.7 -2.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 5.4 15 4 10.8 -2.7
EMXF iShares ESG Advanced MSCI EM ETF 5.3 16 3 8.4 -5.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 5.2 30 -11 10.6 -2.9
IEMG iShares Core MSCI Emerging Markets ETF 5.2 9 10 10.9 -2.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 5.0 20 -1 11.3 -2.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 5.0 32 -13 9.6 -3.9
VIDI Vident International Equity Strategy ETF 4.9 61 -42 12.0 -1.5
EMC Global X Emerging Markets Great Consumer ETF 4.7 75 -56 8.5 -5.0
DSTX Distillate International Fundamental Stability & Value ETF 4.6 55 -36 8.4 -5.1
ICLN iShares Global Clean Energy ETF 4.5 41 -22 6.4 -7.1
AVES Avantis Emerging Markets Value ETF 4.4 36 -17 12.2 -1.3
WWJD Inspire International ETF 4.4 80 -61 7.6 -5.9
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.1 60 -41 11.0 -2.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 4.1 30 -11 9.3 -4.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.1 60 -41 8.0 -5.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 3.8 58 -39 10.1 -3.4
EWZS iShares MSCI Brazil Small-Cap ETF 3.8 59 -40 13.3 -0.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.6 46 -27 10.4 -3.1
SPEM SPDR Portfolio Emerging Markets ETF 3.6 7 12 10.9 -2.6
DEHP Dimensional Emerging Markets High Profitability ETF 3.6 41 -22 6.5 -7.0
DFAE Dimensional Emerging Core Equity Market ETF 3.6 35 -16 10.2 -3.3
VCLN Virtus Duff & Phelps Clean Energy ETF 3.4 59 -40 6.2 -7.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 3.4 41 -22 9.4 -4.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 3.2 38 -19 9.9 -3.6
DFEV Dimensional Emerging Markets Value ETF 3.1 43 -24 14.5 +1.0
EYLD Cambria Emerging Shareholder Yield ETF 3.1 66 -47 13.1 -0.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 3.0 42 -23 6.8 -6.7
AVEM Avantis Emerging Markets Equity ETF 2.9 33 -14 9.7 -3.8
SDIV Global X Superdividend ETF 2.9 58 -39 13.9 +0.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 2.9 70 -51 7.8 -5.7
GXG Global X MSCI Colombia ETF 2.8 62 -43 18.8 +5.3
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 2.8 85 -66 8.0 -5.5
GMET VanEck Green Metals ETF 2.8 63 -44 10.8 -2.7
BATT Amplify Lithium & Battery Technology ETF 2.8 59 -40 3.8 -9.7
VYMI Vanguard International High Dividend Yield ETF 2.6 22 -3 10.0 -3.5
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.5 90 -71 8.4 -5.1
IQDF FlexShares International Quality Dividend Index Fund 2.4 47 -28 9.5 -4.0
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 2.4 80 -61 13.6 +0.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.4 47 -28 9.0 -4.5
BLES Inspire Global Hope ETF 2.4 61 -42 6.9 -6.6
FILL iShares MSCI Global Energy Producers ETF 2.3 39 -20 11.4 -2.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 2.3 40 -21 5.6 -7.9
EEMO Invesco S&P Emerging Markets Momentum ETF 2.2 29 -10 6.2 -7.3
BINV Brandes International ETF 2.2 70 -51 9.5 -4.0
DEW WisdomTree Global High Dividend Fund 2.1 58 -39 7.7 -5.8
IWTR iShares MSCI Water Management Multisector ETF 1.9 47 -28 6.5 -7.0
EDIV SPDR S&P Emerging Markets Dividend ETF 1.8 49 -30 11.6 -1.9
MOTI VanEck Morningstar International Moat ETF 1.7 58 -39 12.8 -0.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.7 58 -39 5.5 -8.0
RNRG Global X Renewable Energy Producers ETF 1.7 66 -47 6.1 -7.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.7 18 1 8.1 -5.4
ACWX iShares MSCI ACWI ex U.S. ETF 1.7 34 -15 8.1 -5.4
MEM Matthews Emerging Markets Equity Active ETF 1.6 79 -60 8.5 -5.0
BLLD JPMorgan Sustainable Infrastructure ETF 1.6 49 -30 4.8 -8.7
SDG iShares MSCI Global Sustainable Development Goals ETF 1.6 49 -30 6.0 -7.5
RODE Hartford Multifactor Diversified International ETF 1.6 29 -10 9.9 -3.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.6 47 -28 5.7 -7.8
CGW Invesco S&P Global Water Index ETF 1.6 57 -38 4.8 -8.7
VXUS Vanguard Total International Stock ETF 1.5 7 12 8.3 -5.2
IXUS iShares Core MSCI Total International Stock ETF 1.5 7 12 8.3 -5.2
VEU Vanguard FTSE All-World ex-US Index Fund 1.5 8 11 8.5 -5.0
PIO Invesco Global Water ETF 1.5 75 -56 4.9 -8.6
EFRA iShares Environmental Infrastructure and Industrials ETF 1.5 47 -28 4.4 -9.1
SCHY Schwab International Dividend Equity ETF 1.5 14 5 9.8 -3.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.5 41 -22 7.1 -6.4
CUT Invesco MSCI Global Timber ETF 1.5 61 -42 9.1 -4.4
WOOD iShares Global Timber & Forestry ETF 1.5 42 -23 9.5 -4.0
CGV Conductor Global Equity Value ETF 1.5 130 -111 9.2 -4.3
VSGX Vanguard ESG International Stock ETF 1.4 12 7 8.2 -5.3
CCNR ALPS CoreCommodity Natural Resources ETF 1.3 39 -20 11.0 -2.5
AQWA Global X Clean Water ETF 1.3 50 -31 5.0 -8.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.3 30 -11 8.6 -4.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 1.3 25 -6 6.5 -7.0
ERTH Invesco MSCI Sustainable Future ETF 1.3 62 -43 2.5 -11.0
KXI iShares Global Consumer Staples ETF 1.2 41 -22 5.4 -8.1
MXI iShares Global Materials ETF 1.2 41 -22 8.1 -5.4
RWX SPDR Dow Jones International Real Estate ETF 1.2 59 -40 5.9 -7.6
CGXU Capital Group International Focus Equity ETF 1.1 54 -35 5.9 -7.6
BRF VanEck Brazil Small-Cap ETF 1.0 66 -47 12.9 -0.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.0 72 -53 -1.2 -14.7
IDRV iShares Self-driving EV & Tech ETF 1.0 47 -28 2.5 -11.0
CWI SPDR MSCI ACWI ex-US ETF 1.0 30 -11 8.2 -5.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.0 10 9 7.5 -6.0
EPU iShares MSCI Peru and Global Exposure ETF 0.9 59 -40 7.7 -5.8
ARGT Global X MSCI Argentina ETF 0.9 59 -40 4.2 -9.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.7 65 -46 8.1 -5.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.7 20 -1 6.3 -7.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.7 12 7 5.2 -8.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.7 12 7 7.7 -5.8
SUPL ProShares Supply Chain Logistics ETF 0.7 58 -39 5.4 -8.1
MOO VanEck Agribusiness ETF 0.7 53 -34 10.8 -2.7
GLOF iShares Global Equity Factor ETF 0.7 20 -1 7.0 -6.5
JSTC Adasina Social Justice All Cap Global ETF 0.7 89 -70 4.5 -9.0
HAP VanEck Natural Resources ETF 0.7 50 -31 10.0 -3.5
ACWI iShares MSCI ACWI ETF 0.6 32 -13 6.1 -7.4
XT iShares Exponential Technologies ETF 0.6 46 -27 5.5 -8.0
GDXJ VanEck Junior Gold Miners ETF 0.6 52 -33 4.9 -8.6
SIL Global X Silver Miners ETF 0.6 65 -46 3.4 -10.1
SLVP iShares MSCI Global Silver Miners ETF 0.6 39 -20 5.8 -7.7
SILJ ETFMG Prime Junior Silver Miners ETF 0.6 69 -50 2.7 -10.8
AGMI Themes Silver Miners ETF 0.6 35 -16 3.1 -10.4
JXI iShares Global Utilities ETF 0.6 43 -24 6.0 -7.5
VEGI iShares MSCI Agriculture Producers ETF 0.6 39 -20 8.8 -4.7
VT Vanguard Total World Stock ETF 0.6 7 12 6.4 -7.1
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.5 60 -41 13.3 -0.2
SHPP Pacer Industrials and Logistics ETF 0.5 60 -41 5.1 -8.4
RWO SPDR Dow Jones Global Real Estate ETF 0.5 50 -31 2.9 -10.6
DGT SPDR Global Dow ETF 0.4 50 -31 8.1 -5.4
EMIF iShares Emerging Markets Infrastructure ETF 0.4 60 -41 7.9 -5.6
IXG iShares Global Financials ETF 0.4 42 -23 8.1 -5.4
EXI iShares Global Industrials ETF 0.3 42 -23 4.9 -8.6
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 9 6.1 -7.4
SMOG VanEck Low Carbon Energy ETF 0.3 61 -42 1.5 -12.0
IGRO iShares International Dividend Growth ETF 0.3 15 4 7.3 -6.2
CGGR Capital Group Growth ETF 0.3 39 -20 3.7 -9.8
IPKW Invesco International BuyBack Achievers ETF 0.3 55 -36 15.3 +1.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 10 6.0 -7.5
AVRE Avantis Real Estate ETF 0.2 17 2 3.3 -10.2
REET iShares Global REIT ETF 0.2 14 5 3.3 -10.2
CLNR IQ Cleaner Transport ETF 0.2 45 -26 7.3 -6.2
FPXI First Trust International Equity Opportunities ETF 0.2 70 -51 3.9 -9.6
FTAG First Trust Indxx Global Agriculture ETF 0.2 70 -51 8.1 -5.4
OCEN IQ Clean Oceans ETF 0.2 45 -26 5.7 -7.8
FPAG FPA Global Equity ETF 0.2 49 -30 6.3 -7.2
IPAV Global X Infrastructure Development ex-U.S. ETF 0.2 55 -36 4.5 -9.0
DFGR Dimensional Global Real Estate ETF 0.2 22 -3 3.2 -10.3
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.1 56 -37 2.6 -10.9
VIGI Vanguard International Dividend Appreciation ETF 0.1 15 4 6.2 -7.3
RXI iShares Global Consumer Discretionary ETF 0.1 41 -22 9.2 -4.3
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 -1 7.6 -5.9
IXJ iShares Global Healthcare ETF 0.1 42 -23 6.6 -6.9

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

  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

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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 1.1 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 13.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 CATEGORY
AVERAGE		 1.50
 
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.