Franklin FTSE Mexico ETF
ALTAR
Score™		 10.8% info Recommen-
dation		 OVERWEIGHT
2024E    2025E
P/E
ratio		 7.2x P/Sales
ratio		 0.4x
P/BV
ratio		 1.5x Div.
yield		 4.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Franklin FTSE Mexico ETF tracks a market-cap-selected and -weighted index of Mexican equities.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Franklin Templeton
Website www.libertyshares.com
Inception date Nov 03, 2017
Assets (mns) $46
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 40
Wgt avg mkt cap (mns) $28,986
Large cap (>$10bn) 69.7%
Mid cap ($2-10bn) 29.3%
Small cap (<$2bn) 1.0%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
PROLOGIS PROPERTY MEXICO SA 24.7 %
GRUPO FINANCIERO BANORTE-O 12.8 %
FOMENTO ECONOMICO MEXICANO SAB DE 9.8 %
WALMART DE MEXICO-SER V 8.9 %
AMERICA MOVIL SAB DE CV CLASS L 8.6 %
GRUPO MEXICO S.A.B. DE C.V. CLASS 6.8 %
CEMEX SAB-CPO 4.7 %
GRUPO BIMBO SAB- SERIES A 3.6 %
GRUPO FINANCIERO INBURSA-O 3.2 %
GRUPO AEROPORTUARIO DE SUR-B 3.0 %
Total 86.1 %

TOP COUNTRY EXPOSURE
MEXICO 121.7 %










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.
-3.4% 12.5% 11.1% -- 6.9%

Market Correlations
versus... Beta R-squared
S&P500 0.97 53%
MSCI EAFE 1.10 64%
MSCI Emg. Mkts. 0.77 33%

Technical Indicators
Recent close $32.40
30d moving avg. $30.66
Annualized volatility 23.7%
Short interest (ETF) 0.9%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 17
Turnover 1.2%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $468

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 140 potential alternatives to the Franklin FTSE Mexico ETF ETF based on the alternatives' overlap in portfolio holdings with FLMX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FLMX Expense: 19 bp ALTAR Score™: 10.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLMX
Ticker Fund
Name		 Overlap1
vs FLMX
(%)		 Expense
ratio
(bp)		 Savings
vs FLMX
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FLMX
(%)
EWW iShares MSCI Mexico ETF 80.1 50 -31 9.7 -1.1
FLLA Franklin FTSE Latin America ETF 36.1 19 0 11.7 +0.9
MEM Matthews Emerging Markets Equity Active ETF 27.0 79 -60 5.7 -5.1
ILF iShares Latin America 40 ETF 24.1 48 -29 10.3 -0.5
FLN First Trust Latin America AlphaDEX Fund 22.3 80 -61 11.1 +0.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 14.1 75 -56 9.6 -1.2
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 9.4 90 -71 7.0 -3.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 9.0 60 -41 14.7 +3.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 7.7 44 -25 10.3 -0.5
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 7.4 10 9 8.2 -2.6
RNEM First Trust Emerging Markets Equity Select ETF 6.8 75 -56 8.2 -2.5
XCEM Columbia EM Core ex-China ETF 6.7 16 3 7.3 -3.4
GMET VanEck Green Metals ETF 6.4 63 -44 9.8 -1.0
FEM First Trust Emerging Markets AlphaDEX Fund 6.4 80 -61 16.3 +5.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 5.9 32 -13 7.6 -3.2
AVRE Avantis Real Estate ETF 5.4 17 2 6.6 -4.1
XC WisdomTree Emerging Markets Ex-China Fund 4.8 32 -13 6.2 -4.6
DEM WisdomTree Emerging Markets High Dividend Fund 4.4 63 -44 12.9 +2.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.4 24 -5 7.1 -3.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 4.4 45 -26 12.7 +1.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 4.3 20 -1 7.5 -3.3
EMMF WisdomTree Emerging Markets Multifactor Fund 4.1 48 -29 9.3 -1.4
EMM Global X Emerging Markets ex-China ETF 3.6 75 -56 3.7 -7.1
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.5 60 -41 10.0 -0.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.5 33 -14 7.2 -3.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 3.4 32 -13 6.3 -4.5
EYLD Cambria Emerging Shareholder Yield ETF 3.3 66 -47 12.1 +1.3
ECON Columbia Emerging Markets Consumer ETF 3.3 49 -30 4.8 -6.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 3.2 58 -39 10.1 -0.7
EMXC iShares MSCI Emerging Markets ex China ETF 3.2 25 -6 6.7 -4.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 3.1 66 -47 7.2 -3.6
STXE Strive Emerging Markets Ex-China ETF 3.1 32 -13 6.9 -3.9
SDEM Global X MSCI SuperDividend Emerging Markets ETF 3.0 67 -48 17.5 +6.7
JHEM John Hancock Multifactor Emerging Markets ETF 2.9 49 -30 8.3 -2.4
LDEM iShares ESG MSCI EM Leaders ETF 2.9 17 2 7.7 -3.0
DSTX Distillate International Fundamental Stability & Value ETF 2.9 55 -36 8.0 -2.7
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.9 70 -51 11.4 +0.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 2.8 15 4 7.1 -3.7
SCHE Schwab Emerging Markets Equity ETF 2.7 11 8 7.6 -3.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 2.7 36 -17 7.5 -3.3
FDEM Fidelity Emerging Markets Multifactor ETF 2.7 25 -6 11.9 +1.2
SRET Global X SuperDividend REIT ETF 2.7 59 -40 10.1 -0.6
BKEM BNY Mellon Emerging Markets Equity ETF 2.7 11 8 7.7 -3.1
EMXF iShares ESG Advanced MSCI EM ETF 2.7 16 3 7.4 -3.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 2.7 39 -20 12.5 +1.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 2.7 29 -10 8.3 -2.5
EDIV SPDR S&P Emerging Markets Dividend ETF 2.7 49 -30 10.9 +0.1
IWTR iShares MSCI Water Management Multisector ETF 2.6 47 -28 4.8 -5.9
RWX SPDR Dow Jones International Real Estate ETF 2.6 59 -40 7.2 -3.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.6 45 -26 8.6 -2.2
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 2.6 18 1 7.9 -2.9
VWO Vanguard FTSE Emerging Markets ETF 2.6 8 11 7.6 -3.2
NUEM Nuveen ESG Emerging Markets Equity ETF 2.5 36 -17 6.8 -4.0
EMC Global X Emerging Markets Great Consumer ETF 2.5 75 -56 4.9 -5.9
AVES Avantis Emerging Markets Value ETF 2.4 36 -17 12.1 +1.3
EEM iShares MSCI Emerging Markets ETF 2.4 69 -50 7.0 -3.8
BLDG Cambria Global Real Estate ETF 2.4 60 -41 9.4 -1.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 2.4 30 -11 7.5 -3.3
EMGF iShares Emerging Markets Equity Factor ETF 2.3 25 -6 8.7 -2.1
VIDI Vident International Equity Strategy ETF 2.3 61 -42 11.9 +1.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.3 59 -40 9.6 -1.2
DFEV Dimensional Emerging Markets Value ETF 2.2 43 -24 10.9 +0.1
PXH Invesco FTSE RAFI Emerging Markets ETF 2.2 49 -30 12.4 +1.6
SPEM SPDR Portfolio Emerging Markets ETF 2.2 7 12 7.5 -3.3
IEMG iShares Core MSCI Emerging Markets ETF 2.2 9 10 7.5 -3.3
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 2.1 88 -69 6.2 -4.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.0 50 -31 10.5 -0.3
ESGE iShares ESG Aware MSCI EM ETF 2.0 25 -6 7.7 -3.1
AVEM Avantis Emerging Markets Equity ETF 1.9 33 -14 9.1 -1.7
PICK iShares MSCI Global Metals & Mining Producers ETF 1.7 39 -20 11.0 +0.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.7 30 -11 8.5 -2.2
JIG JPMorgan International Growth ETF 1.6 55 -36 4.3 -6.5
EEMO Invesco S&P Emerging Markets Momentum ETF 1.6 29 -10 6.2 -4.6
DFAE Dimensional Emerging Core Equity Market ETF 1.6 35 -16 7.7 -3.1
EEMD AAM S&P Emerging Markets High Dividend Value ETF 1.6 49 -30 19.0 +8.2
IQRA IQ CBRE Real Assets ETF 1.5 65 -46 5.9 -4.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.5 41 -22 7.8 -3.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.5 42 -23 6.8 -4.0
ROAM Hartford Multifactor Emerging Markets ETF 1.5 44 -25 11.7 +0.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.4 38 -19 8.2 -2.6
KXI iShares Global Consumer Staples ETF 1.4 41 -22 5.6 -5.2
FRDM Freedom 100 Emerging Markets ETF 1.3 49 -30 7.3 -3.4
DEHP Dimensional Emerging Markets High Profitability ETF 1.3 41 -22 7.3 -3.5
IQDF FlexShares International Quality Dividend Index Fund 1.2 47 -28 10.7 -0.1
MXI iShares Global Materials ETF 1.2 41 -22 6.6 -4.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.1 12 7 8.7 -2.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.1 70 -51 7.2 -3.5
JETS U.S. Global Jets ETF 1.1 60 -41 -15.6 -26.4
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 1.1 20 -1 10.7 -0.1
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.0 80 -61 14.2 +3.4
DEW WisdomTree Global High Dividend Fund 1.0 58 -39 9.1 -1.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.0 95 -76 11.4 +0.6
VYMI Vanguard International High Dividend Yield ETF 0.9 22 -3 9.7 -1.1
WWJD Inspire International ETF 0.9 80 -61 7.1 -3.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.9 41 -22 6.7 -4.1
GDXJ VanEck Junior Gold Miners ETF 0.8 52 -33 4.8 -5.9
SIL Global X Silver Miners ETF 0.8 65 -46 2.6 -8.2
SLVP iShares MSCI Global Silver Miners ETF 0.8 39 -20 3.8 -7.0
FTAG First Trust Indxx Global Agriculture ETF 0.8 70 -51 9.1 -1.6
SILJ ETFMG Prime Junior Silver Miners ETFMG Prime Junior Silver M 0.8 69 -50 1.3 -9.5
VSGX Vanguard ESG International Stock ETF 0.8 12 7 6.8 -4.0
RWO SPDR Dow Jones Global Real Estate ETF 0.8 50 -31 6.9 -3.8
HAP VanEck Natural Resources ETF 0.7 50 -31 9.5 -1.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.7 8 11 7.2 -3.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.7 47 -28 5.9 -4.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.7 34 -15 6.7 -4.1
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.7 56 -37 1.7 -9.1
VXUS Vanguard Total International Stock ETF 0.7 7 12 7.1 -3.7
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.7 46 -27 8.8 -2.0
SDG iShares MSCI Global Sustainable Development Goals ETF 0.6 49 -30 5.8 -5.0
IXUS iShares Core MSCI Total International Stock ETF 0.6 7 12 6.9 -3.9
CWI SPDR MSCI ACWI ex-US ETF 0.6 30 -11 6.8 -4.0
REET iShares Global REIT ETF 0.6 14 5 7.1 -3.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.5 30 -11 7.8 -3.0
NXTG First Trust Indxx NextG ETF 0.5 70 -51 6.0 -4.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.5 25 -6 7.0 -3.8
DFGR Dimensional Global Real Estate ETF 0.5 22 -3 7.1 -3.7
JRNY ALPS Global Travel Beneficiaries ETF 0.5 65 -46 0.0 -10.8
CGW Invesco S&P Global Water Index ETF 0.5 57 -38 3.8 -7.0
BLES Inspire Global Hope ETF 0.4 61 -42 6.3 -4.5
SCHY Schwab International Dividend Equity ETF 0.4 14 5 9.2 -1.5
IQDE FlexShares International Quality Dividend Defensive Index ET 0.4 47 -28 10.7 -0.1
RODE Hartford Multifactor Diversified International ETF 0.4 29 -10 11.5 +0.8
CGGR Capital Group Growth ETF 0.3 39 -20 3.5 -7.3
TTAI FCF International Quality ETF 0.3 59 -40 7.4 -3.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.3 47 -28 10.3 -0.5
GLOF iShares Global Equity Factor ETF 0.3 20 -1 7.1 -3.7
IPKW Invesco International BuyBack Achievers ETF 0.3 55 -36 9.1 -1.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 7 5.1 -5.7
IXG iShares Global Financials ETF 0.3 42 -23 6.8 -3.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 -1 5.6 -5.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 10 5.7 -5.1
ACWI iShares MSCI ACWI ETF 0.2 32 -13 5.5 -5.3
VT Vanguard Total World Stock ETF 0.2 7 12 5.8 -5.0
IGRO iShares International Dividend Growth ETF 0.2 15 4 7.1 -3.7
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -70 4.8 -6.0
VIGI Vanguard International Dividend Appreciation ETF 0.1 15 4 5.6 -5.2
SDIV Global X Superdividend ETF 0.1 58 -39 17.6 +6.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.1 40 -21 7.1 -3.7
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.0 46 -27 5.6 -5.2

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

  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 Mexico ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.9 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 10.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.49 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.