Franklin FTSE Latin America ETF
ALTAR
Score™		 11.5% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 9.8x P/Sales
ratio		 0.9x
P/BV
ratio		 1.4x Div.
yield		 4.8%


  • 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) $49
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 144
Wgt avg mkt cap (mns) $26,373
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 6.6 %
ITAU UNIBANCO HOLDING SA 5.5 %
GRUPO MEXICO S.A.B. DE C.V. CLASS 3.8 %
GRUPO FINANCIERO BANORTE-O 3.7 %
PETROBRAS - PETROLEO BRAS-PR 3.6 %
PETROBRAS - PETROLEO BRAS 3.1 %
FOMENTO ECONOMICO MEXICANO SAB DE 2.5 %
CEMEX SAB-CPO 2.4 %
BANCO BRADESCO SA-PREF 2.4 %
AMERICA MOVIL SAB DE CV ORDINARY S 2.3 %
Total 35.8 %

TOP COUNTRY EXPOSURE
BRAZIL 51.7 %
MEXICO 28.1 %
CHILE 8.5 %
COLOMBIA 2.1 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
52.0% 52.0% 7.7% -- 5.1%

Market Correlations
versus... Beta R-squared
S&P500 0.58 31%
MSCI EAFE 0.85 47%
MSCI Emg. Mkts. 0.76 43%

Technical Indicators
Recent close $25.59
30d moving avg. $24.11
Annualized volatility 20.8%
Short interest (ETF) 2.9%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 32
Turnover 1.7%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $1,929

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 202 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™: 11.5%


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 51.7 19 0 13.6 +2.1
EWZ iShares MSCI Brazil ETF 43.9 58 -39 11.9 +0.4
FLN First Trust Latin America AlphaDEX Fund 40.9 80 -61 10.1 -1.4
ILF iShares Latin America 40 ETF 31.2 48 -29 10.4 -1.0
FLMX Franklin FTSE Mexico ETF 28.1 19 0 8.6 -2.9
EWW iShares MSCI Mexico ETF 27.9 50 -31 7.9 -3.6
EMDM First Trust Bloomberg Emerging Market Democracies ETF 20.9 75 -56 8.3 -3.2
FTHF First Trust Emerging Markets Human Flourishing ETF 19.8 75 -56 7.4 -4.0
XC WisdomTree Emerging Markets Ex-China Fund 19.0 32 -13 5.5 -6.0
JIVE JPMorgan International Value ETF 18.9 55 -36 9.6 -1.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 18.3 44 -25 9.4 -2.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 15.0 39 -20 14.3 +2.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 14.6 29 -10 8.0 -3.4
EMMF WisdomTree Emerging Markets Multifactor Fund 13.4 48 -29 6.0 -5.5
UEVM VictoryShares Emerging Markets Value Momentum ETF 13.1 45 -26 9.3 -2.1
PXH Invesco FTSE RAFI Emerging Markets ETF 12.6 49 -30 13.5 +2.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 11.9 32 -13 5.3 -6.1
DVYE iShares Emerging Markets Dividend ETF 11.9 49 -30 16.7 +5.2
RNEM First Trust Emerging Markets Equity Select ETF 11.1 75 -56 7.8 -3.7
FRDM Freedom 100 Emerging Markets ETF 10.7 49 -30 5.9 -5.6
FEM First Trust Emerging Markets AlphaDEX Fund 10.6 80 -61 10.1 -1.3
OTGL OTG Latin America ETF 10.5 269 -250 7.0 -4.4
DEM WisdomTree Emerging Markets High Dividend Fund 10.5 63 -44 11.9 +0.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 10.0 24 -5 6.3 -5.2
BRAZ Global X Brazil Active ETF 9.5 75 -56 10.5 -1.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 8.4 70 -51 11.7 +0.2
ECH iShares MSCI Chile ETF 8.4 58 -39 5.9 -5.6
GVAL Cambria Global Value ETF 8.0 68 -49 9.2 -2.2
XCNY SPDR S&P Emerging Markets ex-China ETF 7.9 15 4 6.3 -5.2
XCEM Columbia EM Core ex-China ETF 7.8 16 3 6.5 -4.9
EDOG ALPS Emerging Sector Dividend Dogs ETF 7.8 60 -41 9.6 -1.8
STXE Strive Emerging Markets Ex-China ETF 7.8 32 -13 6.2 -5.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 7.6 50 -31 9.1 -2.3
EMXC iShares MSCI Emerging Markets ex China ETF 7.5 25 -6 5.8 -5.7
JADE JPMorgan Active Developing Markets Equity ETF 7.5 65 -46 6.5 -4.9
ECON Columbia Emerging Markets Consumer ETF 6.6 49 -30 9.9 -1.5
BKF iShares MSCI BIC ETF 6.6 69 -50 11.7 +0.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 6.5 67 -48 13.3 +1.8
JHEM John Hancock Multifactor Emerging Markets ETF 6.4 49 -30 8.2 -3.2
LDEM iShares ESG MSCI EM Leaders ETF 6.4 17 2 11.2 -0.2
EVLU iShares MSCI Emerging Markets Value Factor ETF 6.3 35 -16 11.7 +0.2
NUEM Nuveen ESG Emerging Markets Equity ETF 6.3 36 -17 6.6 -4.8
SCHE Schwab Emerging Markets Equity ETF 6.2 11 8 9.4 -2.1
VIDI Vident International Equity Strategy ETF 6.1 61 -42 9.2 -2.3
ROAM Hartford Multifactor Emerging Markets ETF 6.1 44 -25 10.2 -1.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 6.1 45 -26 8.4 -3.1
FDEM Fidelity Emerging Markets Multifactor ETF 6.1 25 -6 10.6 -0.8
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 6.0 90 -71 4.4 -7.0
EMXF iShares ESG Advanced MSCI EM ETF 6.0 16 3 7.1 -4.3
PICK iShares MSCI Global Metals & Mining Producers ETF 5.9 39 -20 8.6 -2.9
EDIV SPDR S&P Emerging Markets Dividend ETF 5.7 49 -30 8.7 -2.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 5.7 66 -47 7.6 -3.8
BKEM BNY Mellon Emerging Markets Equity ETF 5.7 11 8 7.9 -3.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 5.5 36 -17 7.9 -3.5
VWO Vanguard FTSE Emerging Markets ETF 5.5 7 12 9.0 -2.5
SDIV Global X Superdividend ETF 5.4 58 -39 15.4 +3.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 5.4 15 4 8.4 -3.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 5.4 33 -14 8.1 -3.3
EEM iShares MSCI Emerging Markets ETF 5.4 69 -50 8.0 -3.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 5.2 95 -76 10.2 -1.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 5.2 59 -40 7.5 -4.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 5.1 30 -11 8.0 -3.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 5.1 32 -13 7.0 -4.5
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 5.1 88 -69 7.3 -4.2
EMGF iShares Emerging Markets Equity Factor ETF 5.0 25 -6 9.4 -2.1
IEMG iShares Core MSCI Emerging Markets ETF 4.9 9 10 8.5 -3.0
DSTX Distillate International Fundamental Stability & Value ETF 4.9 55 -36 6.6 -4.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 4.8 30 -11 7.5 -3.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 4.5 15 4 6.5 -4.9
WWJD Inspire International ETF 4.4 80 -61 6.4 -5.1
AVXC Avantis Emerging Markets Ex-China Equity ETF 4.4 33 -14 6.8 -4.6
ESGE iShares ESG Aware MSCI EM ETF 4.3 25 -6 8.4 -3.0
EMC Global X Emerging Markets Great Consumer ETF 3.9 75 -56 6.9 -4.5
GMET VanEck Green Metals ETF 3.8 63 -44 5.3 -6.2
DMAT Global X Disruptive Materials ETF 3.8 59 -40 4.9 -6.6
ICOP iShares Copper and Metals Mining ETF 3.8 47 -28 5.6 -5.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.8 60 -41 7.6 -3.9
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 3.7 58 -39 8.5 -2.9
SPEM SPDR Portfolio Emerging Markets ETF 3.7 7 12 9.2 -2.3
VCLN Virtus Duff & Phelps Clean Energy ETF 3.6 59 -40 3.7 -7.7
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.6 46 -27 8.2 -3.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 3.5 41 -22 7.1 -4.4
DFAE Dimensional Emerging Core Equity Market ETF 3.4 35 -16 7.4 -4.1
EEMO Invesco S&P Emerging Markets Momentum ETF 3.2 29 -10 6.8 -4.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 3.2 25 -6 5.9 -5.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 3.2 47 -28 7.0 -4.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 3.1 40 -21 6.1 -5.4
DEXC Dimensional Emerging Markets ex China Core EquityETF 3.1 53 -34 6.1 -5.4
BINV Brandes International ETF 3.0 70 -51 8.1 -3.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 2.9 20 -1 22,159.8 +22,148.3
AVES Avantis Emerging Markets Value ETF 2.9 36 -17 9.4 -2.1
VYMI Vanguard International High Dividend Yield ETF 2.8 17 2 8.2 -3.3
CGXU Capital Group International Focus Equity ETF 2.8 54 -35 4.7 -6.8
EMM Global X Emerging Markets ex-China ETF 2.8 75 -56 5.6 -5.9
AVSE Avantis Responsible Emerging Markets Equity ETF 2.8 33 -14 6.9 -4.5
COLO Global X MSCI Colombia ETF 2.8 62 -43 16.5 +5.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 2.7 38 -19 7.5 -4.0
AVEE Avantis Emerging Markets Small Cap Equity ETF 2.7 42 -23 8.6 -2.9
DEHP Dimensional Emerging Markets High Profitability ETF 2.7 41 -22 5.2 -6.2
BATT Amplify Lithium & Battery Technology ETF 2.7 59 -40 1.6 -9.9
AVEM Avantis Emerging Markets Equity ETF 2.6 33 -14 7.2 -4.3
ICLN iShares Global Clean Energy ETF 2.6 41 -22 2.9 -8.6
IQDF FlexShares International Quality Dividend Index Fund 2.5 47 -28 7.6 -3.9
DFEV Dimensional Emerging Markets Value ETF 2.5 43 -24 10.4 -1.1
EWZS iShares MSCI Brazil Small-Cap ETF 2.4 59 -40 11.1 -0.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 2.4 47 -28 5.8 -5.7
BLES Inspire Global Hope ETF 2.3 61 -42 6.0 -5.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 2.3 70 -51 6.8 -4.6
MEM Matthews Emerging Markets Equity Active ETF 2.3 79 -60 6.3 -5.2
EYLD Cambria Emerging Shareholder Yield ETF 2.0 66 -47 10.6 -0.9
SCHY Schwab International Dividend Equity ETF 2.0 14 5 8.7 -2.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.9 58 -39 3.9 -7.6
MXI iShares Global Materials ETF 1.8 41 -22 6.1 -5.4
RNRG Global X Renewable Energy Producers ETF 1.8 66 -47 5.0 -6.5
RWX SPDR Dow Jones International Real Estate ETF 1.8 59 -40 6.5 -4.9
PIO Invesco Global Water ETF 1.8 75 -56 3.9 -7.6
EFRA iShares Environmental Infrastructure and Industrials ETF 1.8 47 -28 4.8 -6.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.7 18 1 6.5 -5.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.7 41 -22 6.4 -5.1
CGW Invesco S&P Global Water Index ETF 1.7 57 -38 4.3 -7.2
ACWX iShares MSCI ACWI ex U.S. ETF 1.7 34 -15 6.4 -5.0
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.6 10 9 6.3 -5.1
AQWA Global X Clean Water ETF 1.6 50 -31 4.6 -6.9
FPXI First Trust International Equity Opportunities ETF 1.6 70 -51 3.5 -8.0
IXUS iShares Core MSCI Total International Stock ETF 1.6 7 12 6.7 -4.8
MOTG VanEck Morningstar Global Wide Moat ETF 1.6 52 -33 8.7 -2.8
MOTI VanEck Morningstar International Moat ETF 1.6 58 -39 9.1 -2.4
VXUS Vanguard Total International Stock ETF 1.5 5 14 6.8 -4.7
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.5 80 -61 12.5 +1.0
VEU Vanguard FTSE All-World ex-US Index Fund 1.5 4 15 6.8 -4.6
DWX SPDR S&P International Dividend ETF 1.5 45 -26 6.8 -4.7
SDG iShares MSCI Global Sustainable Development Goals ETF 1.5 49 -30 4.8 -6.7
IQRA IQ CBRE Real Assets ETF 1.5 65 -46 5.4 -6.1
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.4 72 -53 -1.3 -12.7
VSGX Vanguard ESG International Stock ETF 1.4 10 9 6.6 -4.8
GDX VanEck Gold Miners ETF 1.4 51 -32 2.4 -9.0
GDXJ VanEck Junior Gold Miners ETF 1.4 52 -33 2.3 -9.2
SIL Global X Silver Miners ETF 1.4 65 -46 1.3 -10.1
SLVP iShares MSCI Global Silver Miners ETF 1.4 39 -20 3.1 -8.4
AGMI Themes Silver Miners ETF 1.4 35 -16 2.9 -8.6
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.4 12 7 8.0 -3.5
KXI iShares Global Consumer Staples ETF 1.3 41 -22 5.1 -6.3
JXI iShares Global Utilities ETF 1.2 43 -24 5.3 -6.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.2 30 -11 6.6 -4.9
RCGE RockCreek Global Equality ETF 1.2 95 -76 6.0 -5.4
EPU iShares MSCI Peru and Global Exposure ETF 1.1 59 -40 4.2 -7.3
CUT Invesco MSCI Global Timber ETF 1.1 61 -42 9.6 -1.9
WOOD iShares Global Timber & Forestry ETF 1.1 42 -23 11.5 +0.1
HAP VanEck Natural Resources ETF 1.0 50 -31 7.6 -3.8
WRND IQ Global Equity R&D Leaders ETF 1.0 18 1 6.6 -4.9
CWI SPDR MSCI ACWI ex-US ETF 1.0 30 -11 6.4 -5.1
ARGT Global X MSCI Argentina ETF 1.0 59 -40 3.1 -8.4
ERTH Invesco MSCI Sustainable Future ETF 0.9 62 -43 3.1 -8.4
JSTC Adasina Social Justice All Cap Global ETF 0.9 89 -70 4.2 -7.2
SILJ ETFMG Prime Junior Silver Miners ETF 0.8 69 -50 0.2 -11.3
RWO SPDR Dow Jones Global Real Estate ETF 0.8 50 -31 6.6 -4.9
EWX SPDR S&P Emerging Markets Small Cap ETF 0.8 65 -46 7.1 -4.4
FPAG FPA Global Equity ETF 0.8 49 -30 4.9 -6.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.7 12 7 4.3 -7.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.7 20 -1 4.8 -6.7
AVRE Avantis Real Estate ETF 0.7 17 2 6.9 -4.6
ACWI iShares MSCI ACWI ETF 0.6 32 -13 4.7 -6.8
REET iShares Global REIT ETF 0.6 14 5 7.2 -4.3
CGV Conductor Global Equity Value ETF 0.6 130 -111 6.9 -4.6
FEOE First Eagle Overseas Equity ETF 0.6 79 -60 5.9 -5.6
VT Vanguard Total World Stock ETF 0.6 6 13 5.1 -6.4
BRF VanEck Brazil Small-Cap ETF 0.6 66 -47 11.0 -0.5
FEGE First Eagle Global Equity ETF 0.5 79 -60 5.6 -5.9
CCNR ALPS CoreCommodity Natural Resources ETF 0.5 39 -20 7.3 -4.2
CGGR Capital Group Growth ETF 0.5 39 -20 2.7 -8.8
JIG JPMorgan International Growth ETF 0.5 55 -36 4.0 -7.5
JETS U.S. Global Jets ETF 0.5 60 -41 2.1 -9.3
DEW WisdomTree Global High Dividend Fund 0.5 58 -39 7.5 -3.9
DFGR Dimensional Global Real Estate ETF 0.5 22 -3 7.4 -4.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.5 42 -23 5.5 -6.0
GLOF iShares Global Equity Factor ETF 0.5 20 -1 5.9 -5.6
SUPL ProShares Supply Chain Logistics ETF 0.5 58 -39 9.3 -2.2
MOO VanEck Agribusiness ETF 0.5 53 -34 9.5 -2.0
VGSR Vert Global Sustainable Real Estate ETF 0.5 47 -28 7.1 -4.4
DGT State Street SPDR Global Dow ETF 0.4 50 -31 5.9 -5.5
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.4 45 -26 1.6 -9.8
IXG iShares Global Financials ETF 0.4 42 -23 5.9 -5.5
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 -1 5.3 -6.1
IGRO iShares International Dividend Growth ETF 0.3 15 4 6.2 -5.2
FTRI First Trust Indxx Global Natural Resources Income ETF 0.3 70 -51 6.4 -5.1
EXI iShares Global Industrials ETF 0.3 42 -23 3.7 -7.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 10 4.9 -6.6
SHPP Pacer Industrials and Logistics ETF 0.3 60 -41 7.6 -3.9
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 9 5.0 -6.5
SMOG VanEck Low Carbon Energy ETF 0.3 61 -42 1.5 -10.0
OCEN IQ Clean Oceans ETF 0.3 45 -26 5.0 -6.4
XT iShares Exponential Technologies ETF 0.3 46 -27 4.2 -7.3
CLNR IQ Cleaner Transport ETF 0.2 45 -26 4.9 -6.6
OAIM OneAscent International Equity ETF 0.2 95 -76 4.6 -6.9
GEW Cambria Global EW ETF 0.2 29 -10 5.3 -6.1
IPKW Invesco International BuyBack Achievers ETF 0.2 55 -36 7.9 -3.6
IPAV Global X Infrastructure Development ex-U.S. ETF 0.1 55 -36 5.9 -5.6
RXI iShares Global Consumer Discretionary ETF 0.1 41 -22 7.1 -4.4
FTAG First Trust Indxx Global Agriculture ETF 0.1 70 -51 7.4 -4.0
IXJ iShares Global Healthcare ETF 0.1 42 -23 5.6 -5.8
VEGI iShares MSCI Agriculture Producers ETF 0.1 39 -20 8.1 -3.4
VIGI Vanguard International Dividend Appreciation ETF 0.0 10 9 5.7 -5.8

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 1.3 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 11.5 %
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.