Franklin FTSE Mexico ETF
ALTAR
Score™
12.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
10.9x P/Sales
ratio
0.9x
P/BV
ratio
0.9x Div.
yield
4.7%


  • 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) $3
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 37
Wgt avg mkt cap (mns) $17,356
Large cap (>$10bn) 49.8%
Mid cap ($2-10bn) 43.4%
Small cap (<$2bn) 6.8%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
AMERICA MOVIL SAB DE CV CLASS L 16.4 %
FOMENTO ECONOMICO MEXICA-UBD 12.7 %
WALMART DE MEXICO-SER V 11.7 %
GRUPO FINANCIERO BANORTE-O 7.6 %
GRUPO MEXICO SAB DE CV-SER B 4.8 %
GRUPO ELEKTRA SA 3.7 %
GRUPO BIMBO SAB- SERIES A 3.5 %
GRUPO TELEVISA SA-SER CPO 2.8 %
CEMEX SAB-CPO 2.8 %
FIBRA UNO ADMINISTRACION SA 2.6 %
Total 68.6 %

TOP COUNTRY EXPOSURE
MEXICO 99.1 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 29)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.7% -3.0% -- -- -5.6%

Market Correlations
versus... Beta R-squared
S&P500 0.82 28%
MSCI EAFE 1.21 51%
MSCI Emg. Mkts. 0.93 43%

Technical Indicators
Recent close $13.90
30d moving avg. $18.81
Annualized volatility 23.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 27

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $209

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 12.2%


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 Capped ETF 84.1 49 -30 11.5 -0.7
PACA Xtrackers MSCI Latin America Pacific Alliance ETF 43.7 45 -26 10.4 -1.8
ILF iShares Latin America 40 ETF 25.3 48 -29 9.6 -2.6
FLLA Franklin FTSE Latin America ETF 23.1 19 0 9.2 -3.0
FLN First Trust Latin America AlphaDEX Fund 13.2 80 -61 8.4 -3.8
EMFM Global X MSCI Next Emerging & Frontier ETF 6.4 55 -36 10.4 -1.8
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.9 60 -41 10.2 -2.0
COPX Global X Copper Miners ETF 4.8 65 -46 11.3 -0.9
EMCG WisdomTree Emerging Markets Consumer Growth Fund 4.6 32 -13 9.1 -3.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 4.2 45 -26 10.5 -1.8
RNEM Emerging Markets Equity Select ETF 4.1 75 -56 11.3 -0.9
EMMF WisdomTree Emerging Markets Multifactor Fund 4.0 48 -29 11.6 -0.6
CEZ Victory CEMP Emerging Market Volatility Wtd Index ETF 3.8 50 -31 12.4 +0.2
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 3.3 64 -45 6.7 -5.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 3.3 49 -30 10.2 -2.0
EMXC iShares MSCI Emerging Markets ex China ETF 3.3 49 -30 10.3 -1.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 3.2 39 -20 14.9 +2.7
EDOG ALPS Emerging Sector Dividend Dogs ETF 3.1 60 -41 13.6 +1.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 3.1 29 -10 12.2 0.0
ROAM Hartford Multifactor Emerging Markets ETF 3.0 44 -25 17.6 +5.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 2.8 32 -13 11.4 -0.8
DVEM WisdomTree Emerging Markets Dividend Fund 2.8 32 -13 10.7 -1.6
PXH Invesco FTSE RAFI Emerging Markets ETF 2.8 50 -31 15.7 +3.5
FRDM Freedom 100 Emerging Markets ETF 2.7 49 -30 9.1 -3.1
LVHE Legg Mason Emerging Markets Low Volatility High Dividend ETF 2.6 51 -32 13.8 +1.6
ECON Columbia Emerging Markets Consumer ETF 2.4 59 -40 5.6 -6.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.4 45 -26 10.1 -2.1
FDEM Fidelity Targeted Emerging Markets Factor ETF 2.4 45 -26 11.4 -0.8
XCEM Columbia EM Core ex-China ETF 2.4 16 3 9.8 -2.5
FEM First Trust Emerging Markets AlphaDEX Fund 2.3 80 -61 14.4 +2.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.3 70 -51 15.8 +3.6
SCHE Schwab Emerging Markets Equity ETF 2.3 13 6 10.0 -2.2
VIDI Vident International Equity Fund 2.2 59 -40 15.1 +2.9
PBEE Invesco PureBeta FTSE Emerging Markets ETF 2.2 14 5 11.1 -1.1
JHEM John Hancock Multifactor Emerging Markets ETF 2.2 55 -36 10.6 -1.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 2.1 30 -11 10.1 -2.1
VWO Vanguard FTSE Emerging Markets ETF 2.0 10 9 10.2 -2.0
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 2.0 80 -61 2.1 -10.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.0 32 -13 8.3 -3.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 2.0 40 -21 8.7 -3.5
SDEM Global X SuperDividend Emerging Markets ETF 1.9 67 -48 26.5 +14.3
SPEM SPDR Portfolio Emerging Markets ETF 1.9 11 8 10.1 -2.2
NUEM Nuveen ESG Emerging Markets Equity ETF 1.9 45 -26 9.3 -2.9
EEM iShares MSCI Emerging Markets ETF 1.9 68 -49 9.8 -2.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.8 65 -46 9.9 -2.3
DEM WisdomTree Emerging Markets High Dividend Fund 1.8 63 -44 16.7 +4.5
ESGE iShares ESG MSCI EM ETF 1.8 25 -6 11.3 -0.9
IEMG iShares Core MSCI Emerging Markets ETF 1.8 14 5 10.3 -1.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.7 49 -30 11.2 -1.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.7 30 -11 10.7 -1.5
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 1.7 51 -32 20.4 +8.2
PICK iShares MSCI Global Metals & Mining Producers ETF 1.3 39 -20 10.9 -1.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.2 20 -1 9.1 -3.1
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 1.2 25 -6 9.6 -2.6
AVEM Avantis Emerging Markets Equity ETF 1.2 33 -14 11.5 -0.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.1 59 -40 12.7 +0.5
GDXJ VanEck Vectors Junior Gold Miners ETF 1.1 53 -34 5.0 -7.2
SIL Global X Silver Miners ETF 1.1 65 -46 3.7 -8.5
SLVP iShares MSCI Global Silver Miners ETF 1.1 39 -20 2.8 -9.4
WWJD Inspire International ESG ETF 1.0 80 -61 9.4 -2.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.0 63 -44 15.8 +3.6
EDIV SPDR S&P Emerging Markets Dividend ETF 1.0 49 -30 13.5 +1.3
MOTI VanEck Vectors Morningstar International Moat ETF 1.0 57 -38 10.5 -1.8
IQDE FlexShares International Quality Dividend Defensive Index Fd 1.0 47 -28 11.4 -0.8
VIGI Vanguard International Dividend Appreciation ETF 1.0 25 -6 6.9 -5.3
FTAG First Trust Indxx Global Agriculture ETF 0.9 70 -51 8.3 -3.9
DRW WisdomTree Global ex-US Real Estate Fund 0.8 58 -39 11.9 -0.3
KXI iShares Global Consumer Staples ETF 0.8 46 -27 5.8 -6.4
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 0.7 80 -61 18.1 +5.9
DGT SPDR Global Dow ETF 0.7 50 -31 8.3 -3.9
ISEM Invesco Strategic Emerging Markets ETF 0.7 35 -16 12.2 +0.0
RWX SPDR Dow Jones International Real Estate ETF 0.7 59 -40 7.8 -4.4
IXP iShares Global Comm Services ETF 0.7 46 -27 7.3 -4.9
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 0.7 52 -33 6.6 -5.6
IGRO iShares International Dividend Growth ETF 0.6 22 -3 9.7 -2.5
LVIN Hartford Multifactor Low Volatility International Equity ETF 0.6 29 -10 14.3 +2.1
PIE Invesco DWA Emerging Markets Momentum ETF 0.6 90 -71 6.5 -5.7
MXI iShares Global Materials ETF 0.6 46 -27 8.2 -4.0
HAP VanEck Vectors Natural Resources ETF 0.6 50 -31 8.4 -3.8
CWI SPDR MSCI ACWI ex-US ETF 0.6 30 -11 9.1 -3.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.6 95 -76 12.0 -0.2
VSGX Vanguard ESG International Stock ETF 0.6 17 2 8.8 -3.4
BLES Inspire Global Hope Large Cap ETF 0.5 61 -42 8.0 -4.2
INFR Legg Mason Global Infrastructure ETF 0.5 40 -21 6.9 -5.3
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.5 69 -50 9.8 -2.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.5 8 11 9.3 -2.9
ACWX iShares MSCI ACWI ex U.S. ETF 0.5 32 -13 9.1 -3.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.5 40 -21 8.8 -3.4
VXUS Vanguard Total International Stock Index Fund 0.5 8 11 9.4 -2.9
IXUS ishares Core MSCI Total International Stock ETF 0.5 9 10 9.2 -3.0
DVYE iShares Emerging Markets Dividend ETF 0.5 49 -30 15.0 +2.8
VYMI Vanguard International High Dividend Yield ETF 0.4 32 -13 11.9 -0.3
GUNR Flexshares Morningstar Global Upstream Natural Resources 0.4 46 -27 8.0 -4.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.4 47 -28 7.5 -4.7
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 0.4 10 9 10.2 -2.0
VNQI Vanguard Global ex-US Real Estate Index Fund 0.4 12 7 11.2 -1.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 0.3 16 3 8.5 -3.7
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 -46 8.5 -3.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 0.3 20 -1 12.8 +0.6
REET iShares Global REIT ETF 0.3 14 5 8.5 -3.8

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

  2015 2016 2017 2018 2019 2020E 2021E
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
  2019 2020E 2021E
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 10.8 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 12.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.46
 
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.