Franklin FTSE Latin America ETF
ALTAR
Score™		 11.6% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 7.7x P/Sales
ratio		 0.7x
P/BV
ratio		 1.3x Div.
yield		 4.5%


  • 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) $67
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) $28,881
Large cap (>$10bn) 58.9%
Mid cap ($2-10bn) 31.8%
Small cap (<$2bn) 1.9%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
VALE SA 7.2 %
PROLOGIS PROPERTY MEXICO SA 6.6 %
PETROBRAS - PETROLEO BRAS-PR 6.4 %
ITAU UNIBANCO HOLDING SA 4.7 %
PETROBRAS - PETROLEO BRAS 4.3 %
GRUPO FINANCIERO BANORTE-O 4.2 %
FOMENTO ECONOMICO MEXICANO SAB DE 3.2 %
WALMART DE MEXICO-SER V 2.9 %
AMERICA MOVIL SAB DE CV CLASS L 2.8 %
GRUPO MEXICO S.A.B. DE C.V. CLASS 2.2 %
Total 44.4 %

TOP COUNTRY EXPOSURE
BRAZIL 58.9 %
MEXICO 36.1 %
CHILE 5.5 %
COLOMBIA 1.6 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.8% 21.5% 3.2% -- 3.9%

Market Correlations
versus... Beta R-squared
S&P500 0.91 41%
MSCI EAFE 0.95 41%
MSCI Emg. Mkts. 0.79 30%

Technical Indicators
Recent close $22.57
30d moving avg. $23.34
Annualized volatility 25.5%
Short interest (ETF) 0.3%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 14
Turnover 0.5%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $3,236

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 197 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™: 11.6%


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 60.0 19 0 12.3 +0.7
EWZ iShares MSCI Brazil ETF 55.4 58 -39 11.8 +0.2
FLMX Franklin FTSE Mexico ETF 36.1 19 0 10.8 -0.8
FLN First Trust Latin America AlphaDEX Fund 35.1 80 -61 11.0 -0.6
ILF iShares Latin America 40 ETF 30.6 48 -29 10.2 -1.4
EWW iShares MSCI Mexico ETF 26.7 50 -31 9.7 -1.9
FBZ First Trust Brazil AlphaDEX Fund 26.3 80 -61 11.9 +0.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 24.8 75 -56 9.6 -2.0
DEM WisdomTree Emerging Markets High Dividend Fund 18.2 63 -44 12.9 +1.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 17.5 44 -25 10.4 -1.3
PXH Invesco FTSE RAFI Emerging Markets ETF 16.9 49 -30 12.5 +0.8
DVYE iShares Emerging Markets Dividend ETF 16.8 49 -30 16.6 +5.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 15.1 39 -20 12.6 +1.0
XCEM Columbia EM Core ex-China ETF 14.3 16 3 7.4 -4.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 13.7 32 -13 7.6 -4.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 13.7 24 -5 7.2 -4.5
RNEM First Trust Emerging Markets Equity Select ETF 13.7 75 -56 8.3 -3.3
FEM First Trust Emerging Markets AlphaDEX Fund 12.9 80 -61 16.4 +4.8
BRAZ Global X Brazil Active ETF 11.9 75 -56 10.2 -1.4
MEM Matthews Emerging Markets Equity Active ETF 11.8 79 -60 5.8 -5.9
EDOG ALPS Emerging Sector Dividend Dogs ETF 11.8 60 -41 14.8 +3.1
EMXC iShares MSCI Emerging Markets ex China ETF 10.9 25 -6 6.7 -4.9
EMMF WisdomTree Emerging Markets Multifactor Fund 10.9 48 -29 9.4 -2.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 10.8 50 -31 10.6 -1.1
XC WisdomTree Emerging Markets Ex-China Fund 10.7 32 -13 6.2 -5.4
BKF iShares MSCI BIC ETF 10.3 69 -50 7.1 -4.5
STXE Strive Emerging Markets Ex-China ETF 9.8 32 -13 6.9 -4.7
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 9.6 18 1 7.9 -3.8
SDEM Global X MSCI SuperDividend Emerging Markets ETF 9.4 67 -48 17.5 +5.9
JHEM John Hancock Multifactor Emerging Markets ETF 9.3 49 -30 8.4 -3.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 9.3 20 -1 7.5 -4.1
GVAL Cambria Global Value ETF 9.2 68 -49 12.3 +0.7
EEMO Invesco S&P Emerging Markets Momentum ETF 9.2 29 -10 6.2 -5.4
SCHE Schwab Emerging Markets Equity ETF 9.2 11 8 7.6 -4.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 9.0 66 -47 7.2 -4.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 9.0 29 -10 8.3 -3.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 8.8 36 -17 7.5 -4.2
BKEM BNY Mellon Emerging Markets Equity ETF 8.7 11 8 7.7 -3.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 8.6 45 -26 12.8 +1.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 8.5 95 -76 11.4 -0.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 8.5 45 -26 8.6 -3.0
EMXF iShares ESG Advanced MSCI EM ETF 8.3 16 3 7.5 -4.2
VWO Vanguard FTSE Emerging Markets ETF 8.2 8 11 7.6 -4.0
LDEM iShares ESG MSCI EM Leaders ETF 8.2 17 2 7.8 -3.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 8.1 32 -13 6.3 -5.4
EEM iShares MSCI Emerging Markets ETF 8.0 69 -50 7.0 -4.7
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 8.0 10 9 8.1 -3.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 8.0 33 -14 7.2 -4.5
NUEM Nuveen ESG Emerging Markets Equity ETF 8.0 36 -17 6.8 -4.8
EMGF iShares Emerging Markets Equity Factor ETF 7.9 25 -6 8.7 -2.9
FRDM Freedom 100 Emerging Markets ETF 7.7 49 -30 7.3 -4.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 7.5 15 4 7.1 -4.6
IEMG iShares Core MSCI Emerging Markets ETF 7.3 9 10 7.5 -4.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 7.3 30 -11 7.5 -4.1
ESGE iShares ESG Aware MSCI EM ETF 7.2 25 -6 7.7 -3.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 7.2 59 -40 9.6 -2.0
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 7.1 90 -71 6.9 -4.7
DFEV Dimensional Emerging Markets Value ETF 6.6 43 -24 11.0 -0.7
ROAM Hartford Multifactor Emerging Markets ETF 6.6 44 -25 11.8 +0.1
PICK iShares MSCI Global Metals & Mining Producers ETF 6.3 39 -20 11.0 -0.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 6.3 88 -69 6.2 -5.4
DEHP Dimensional Emerging Markets High Profitability ETF 6.1 41 -22 7.3 -4.3
ECON Columbia Emerging Markets Consumer ETF 6.0 49 -30 4.8 -6.9
DFAE Dimensional Emerging Core Equity Market ETF 5.5 35 -16 7.7 -3.9
AVRE Avantis Real Estate ETF 5.4 17 2 6.6 -5.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 5.3 41 -22 7.8 -3.8
EEMD AAM S&P Emerging Markets High Dividend Value ETF 5.3 49 -30 19.1 +7.5
ECH iShares MSCI Chile ETF 5.2 58 -39 10.7 -0.9
ECOW Pacer Emerging Markets Cash Cows 100 ETF 5.2 70 -51 11.5 -0.2
VIDI Vident International Equity Strategy ETF 5.0 61 -42 11.9 +0.3
SPEM SPDR Portfolio Emerging Markets ETF 5.0 7 12 7.5 -4.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 5.0 38 -19 8.3 -3.4
EMC Global X Emerging Markets Great Consumer ETF 4.8 75 -56 4.9 -6.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 4.7 30 -11 8.6 -3.1
AVES Avantis Emerging Markets Value ETF 4.7 36 -17 12.2 +0.5
EMM Global X Emerging Markets ex-China ETF 4.6 75 -56 3.7 -7.9
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 4.5 46 -27 8.9 -2.8
FDEM Fidelity Emerging Markets Multifactor ETF 4.5 25 -6 12.0 +0.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.5 60 -41 10.0 -1.6
DSTX Distillate International Fundamental Stability & Value ETF 4.4 55 -36 8.0 -3.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 4.3 58 -39 10.2 -1.5
WWJD Inspire International ETF 3.8 80 -61 7.1 -4.5
VYMI Vanguard International High Dividend Yield ETF 3.7 22 -3 9.7 -1.9
AVEM Avantis Emerging Markets Equity ETF 3.7 33 -14 9.1 -2.5
EYLD Cambria Emerging Shareholder Yield ETF 3.6 66 -47 12.2 +0.6
IWTR iShares MSCI Water Management Multisector ETF 3.4 47 -28 4.8 -6.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 3.3 20 -1 10.7 -0.9
IPKW Invesco International BuyBack Achievers ETF 3.2 55 -36 9.1 -2.5
EWZS iShares MSCI Brazil Small-Cap ETF 3.0 59 -40 8.1 -3.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 3.0 70 -51 7.3 -4.4
IQDE FlexShares International Quality Dividend Defensive Index ET 2.9 47 -28 10.7 -1.0
DEW WisdomTree Global High Dividend Fund 2.9 58 -39 9.0 -2.6
FILL iShares MSCI Global Energy Producers ETF 2.6 39 -20 9.0 -2.6
IQDF FlexShares International Quality Dividend Index Fund 2.5 47 -28 10.7 -0.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.5 41 -22 6.6 -5.0
CGV Conductor Global Equity Value ETF 2.4 130 -111 11.3 -0.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 2.3 42 -23 6.8 -4.8
GXG Global X MSCI Colombia ETF 2.3 62 -43 15.2 +3.6
ACWX iShares MSCI ACWI ex U.S. ETF 2.3 34 -15 6.7 -4.9
GMET VanEck Green Metals ETF 2.2 63 -44 10.1 -1.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.2 47 -28 10.3 -1.4
VXUS Vanguard Total International Stock ETF 2.1 7 12 7.1 -4.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.1 58 -39 4.6 -7.1
IXUS iShares Core MSCI Total International Stock ETF 2.1 7 12 6.9 -4.7
VEU Vanguard FTSE All-World ex-US Index Fund 2.1 8 11 7.2 -4.5
RWX SPDR Dow Jones International Real Estate ETF 2.1 59 -40 7.1 -4.5
BLES Inspire Global Hope ETF 2.0 61 -42 6.3 -5.3
BPAY BlackRock Future Financial and Technology ETF 2.0 70 -51 8.1 -3.5
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 2.0 80 -61 14.2 +2.6
CUT Invesco MSCI Global Timber ETF 2.0 61 -42 8.5 -3.1
WOOD iShares Global Timber & Forestry ETF 2.0 42 -23 9.6 -2.0
SCHY Schwab International Dividend Equity ETF 2.0 14 5 9.3 -2.4
BLDG Cambria Global Real Estate ETF 1.9 60 -41 9.3 -2.3
VSGX Vanguard ESG International Stock ETF 1.9 12 7 6.8 -4.8
EDIV SPDR S&P Emerging Markets Dividend ETF 1.9 49 -30 11.0 -0.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.9 30 -11 7.8 -3.9
SDIV Global X Superdividend ETF 1.8 58 -39 17.6 +6.0
RNRG Global X Renewable Energy Producers ETF 1.8 66 -47 4.9 -6.7
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 1.8 45 -26 6.3 -5.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.8 47 -28 5.9 -5.7
JIG JPMorgan International Growth ETF 1.6 55 -36 4.3 -7.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.5 40 -21 7.2 -4.5
MOTG VanEck Morningstar Global Wide Moat ETF 1.5 52 -33 5.8 -5.9
KXI iShares Global Consumer Staples ETF 1.5 41 -22 5.6 -6.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.4 12 7 8.7 -3.0
JSTC Adasina Social Justice All Cap Global ETF 1.4 89 -70 4.7 -6.9
MXI iShares Global Materials ETF 1.3 41 -22 6.7 -5.0
ERTH Invesco MSCI Sustainable Future ETF 1.3 62 -43 3.7 -8.0
RODE Hartford Multifactor Diversified International ETF 1.3 29 -10 11.5 -0.1
ICLN iShares Global Clean Energy ETF 1.2 41 -22 4.3 -7.4
CWI SPDR MSCI ACWI ex-US ETF 1.2 30 -11 6.8 -4.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 1.2 25 -6 7.0 -4.6
GLOF iShares Global Equity Factor ETF 1.2 20 -1 7.0 -4.6
FM iShares Frontier and Select EM ETF 1.1 80 -61 9.5 -2.1
JRNY ALPS Global Travel Beneficiaries ETF 1.1 65 -46 -0.0 -11.6
BNE Blue Horizon BNE ETF 1.0 87 -68 5.0 -6.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.0 72 -53 2.2 -9.4
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 1.0 85 -66 8.2 -3.4
HAP VanEck Natural Resources ETF 0.9 50 -31 9.5 -2.1
SDG iShares MSCI Global Sustainable Development Goals ETF 0.9 49 -30 5.8 -5.9
MOTI VanEck Morningstar International Moat ETF 0.9 58 -39 6.9 -4.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.9 20 -1 5.6 -6.0
JETS U.S. Global Jets ETF 0.9 60 -41 -15.6 -27.2
EFRA iShares Environmental Infrastructure and Industrials ETF 0.9 47 -28 5.2 -6.4
PIO Invesco Global Water ETF 0.9 75 -56 4.9 -6.8
RWO SPDR Dow Jones Global Real Estate ETF 0.9 50 -31 6.9 -4.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.9 12 7 5.0 -6.6
ACWI iShares MSCI ACWI ETF 0.8 32 -13 5.5 -6.2
SUPL ProShares Supply Chain Logistics ETF 0.8 58 -39 13.2 +1.5
MOO VanEck Agribusiness ETF 0.8 53 -34 9.4 -2.3
IQRA IQ CBRE Real Assets ETF 0.8 65 -46 5.9 -5.7
VT Vanguard Total World Stock ETF 0.8 7 12 5.8 -5.8
JXI iShares Global Utilities ETF 0.8 43 -24 6.7 -5.0
AQWA Global X Clean Water ETF 0.8 50 -31 4.3 -7.3
SRET Global X SuperDividend REIT ETF 0.7 59 -40 10.1 -1.5
IXG iShares Global Financials ETF 0.7 42 -23 6.8 -4.8
VEGI iShares MSCI Agriculture Producers ETF 0.6 39 -20 9.2 -2.4
IGRO iShares International Dividend Growth ETF 0.6 15 4 7.1 -4.6
EWX SPDR S&P Emerging Markets Small Cap ETF 0.6 65 -46 7.7 -3.9
ARGT Global X MSCI Argentina ETF 0.6 59 -40 7.4 -4.2
EPU iShares MSCI Peru and Global Exposure ETF 0.6 59 -40 5.6 -6.1
REET iShares Global REIT ETF 0.6 14 5 7.1 -4.5
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.5 46 -27 5.6 -6.1
NXTG First Trust Indxx NextG ETF 0.5 70 -51 6.0 -5.6
DFGR Dimensional Global Real Estate ETF 0.5 22 -3 7.0 -4.6
XT iShares Exponential Technologies ETF 0.5 46 -27 3.8 -7.8
DGT SPDR Global Dow ETF 0.5 50 -31 6.6 -5.0
CGUS Capital Group Core Equity ETF 0.5 33 -14 4.7 -7.0
BRF VanEck Brazil Small-Cap ETF 0.4 66 -47 7.9 -3.8
EMIF iShares Emerging Markets Infrastructure ETF 0.4 60 -41 4.7 -7.0
FTRI First Trust Indxx Global Natural Resources Income ETF 0.4 70 -51 10.7 -0.9
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.4 60 -41 0.9 -10.7
GLIF AGF Global Infrastructure ETF 0.4 45 -26 5.5 -6.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 10 5.7 -5.9
CGGR Capital Group Growth ETF 0.3 39 -20 3.4 -8.2
TTAI FCF International Quality ETF 0.3 59 -40 7.4 -4.3
EXI iShares Global Industrials ETF 0.3 42 -23 4.6 -7.0
MVPS Amplify Thematic All-Stars ETF 0.3 49 -30 1.6 -10.0
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.3 86 -67 1.9 -9.7
SMOG VanEck Low Carbon Energy ETF 0.3 61 -42 3.0 -8.6
FTAG First Trust Indxx Global Agriculture ETF 0.3 70 -51 9.1 -2.5
CGW Invesco S&P Global Water Index ETF 0.3 57 -38 3.8 -7.9
CLNR IQ Cleaner Transport ETF 0.3 45 -26 8.2 -3.4
GDXJ VanEck Junior Gold Miners ETF 0.2 52 -33 5.0 -6.7
SIL Global X Silver Miners ETF 0.2 65 -46 2.6 -9.0
SLVP iShares MSCI Global Silver Miners ETF 0.2 39 -20 3.9 -7.7
SILJ ETFMG Prime Junior Silver Miners ETFMG Prime Junior Silver M 0.2 69 -50 1.4 -10.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.2 86 -67 1.9 -9.7
BLLD JPMorgan Sustainable Infrastructure ETF 0.2 49 -30 6.2 -5.4
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.2 56 -37 1.7 -10.0
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.2 39 -20 -1.3 -12.9
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 0.2 75 -56 5.2 -6.4
VIGI Vanguard International Dividend Appreciation ETF 0.1 15 4 5.5 -6.1
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 -1 6.7 -4.9
IXC iShares Global Energy ETF 0.1 44 -25 8.3 -3.4
RXI iShares Global Consumer Discretionary ETF 0.1 41 -22 5.5 -6.1
IXJ iShares Global Healthcare ETF 0.1 42 -23 6.1 -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%.

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RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 14.5 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 11.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.50 CATEGORY
AVERAGE		 1.39
 
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.