Franklin FTSE Mexico ETF
ALTAR
Score™		 10.2% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 11.8x P/Sales
ratio		 1.1x
P/BV
ratio		 1.6x Div.
yield		 3.1%


  • 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) $80
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 41
Wgt avg mkt cap (mns) $16,238
Large cap (>$10bn) 62.9%
Mid cap ($2-10bn) 32.6%
Small cap (<$2bn) 4.5%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
GRUPO FINANCIERO BANORTE-O 15.0 %
GRUPO MEXICO S.A.B. DE C.V. CLASS 12.0 %
AMERICA MOVIL SAB DE CV ADR - SERI 9.2 %
WALMART DE MEXICO-SER V 8.8 %
FOMENTO ECONOMICO MEXICANO SAB DE 8.3 %
CEMEX SAB-CPO 7.5 %
INDUSTRIAS PENOLES SAB DE CV 4.8 %
GRUPO BIMBO SAB- SERIES A 4.2 %
GRUPO AEROPORTUARIO DEL PACIFICO S 4.0 %
GRUPO AEROPORTUARIO DE SUR-B 3.9 %
Total 77.6 %

TOP COUNTRY EXPOSURE
MEXICO 96.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
44.2% 24.2% 17.7% -- 6.1%

Market Correlations
versus... Beta R-squared
S&P500 1.00 33%
MSCI EAFE 0.88 32%
MSCI Emg. Mkts. 0.56 15%

Technical Indicators
Recent close $31.94
30d moving avg. $32.29
Annualized volatility 23.3%
Short interest (ETF) 1.5%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 24
Turnover 1.0%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $153

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 145 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™: 10.2%


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 ETF 75.3 50 -31 9.9 -0.3
FLLA Franklin FTSE Latin America ETF 28.7 19 0 12.7 +2.5
ILF iShares Latin America 40 ETF 21.7 48 -29 12.4 +2.2
FLN First Trust Latin America AlphaDEX Fund 12.4 80 -61 10.3 +0.1
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 11.6 85 -66 8.8 -1.4
EMDM First Trust Bloomberg Emerging Market Democracies ETF 10.7 75 -56 8.5 -1.7
FTHF First Trust Emerging Markets Human Flourishing ETF 8.4 75 -56 7.6 -2.6
ICOP iShares Copper and Metals Mining ETF 8.2 47 -28 7.3 -2.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 6.5 44 -25 10.4 +0.2
GMET VanEck Green Metals ETF 6.4 63 -44 7.5 -2.7
ECOW Pacer Emerging Markets Cash Cows 100 ETF 5.7 70 -51 12.8 +2.6
SIL Global X Silver Miners ETF 4.8 65 -46 2.6 -7.6
SLVP iShares MSCI Global Silver Miners ETF 4.8 39 -20 5.7 -4.5
AGMI Themes Silver Miners ETF 4.8 35 -16 4.5 -5.7
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 4.7 90 -71 7.0 -3.2
BINV Brandes International ETF 4.4 70 -51 9.1 -1.1
DSTX Distillate International Fundamental Stability & Value ETF 4.4 55 -36 7.5 -2.7
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.3 60 -41 10.6 +0.4
DMAT Global X Disruptive Materials ETF 3.9 59 -40 6.5 -3.7
BATT Amplify Lithium & Battery Technology ETF 3.7 59 -40 2.9 -7.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 3.7 32 -13 6.6 -3.6
XCEM Columbia EM Core ex-China ETF 3.6 16 3 7.7 -2.5
EDIV SPDR S&P Emerging Markets Dividend ETF 3.5 49 -30 11.9 +1.7
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 3.3 24 -5 7.5 -2.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 3.1 39 -20 15.6 +5.4
EMM Global X Emerging Markets ex-China ETF 3.0 75 -56 6.1 -4.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.0 33 -14 9.4 -0.8
GDXJ VanEck Junior Gold Miners ETF 2.9 52 -33 3.9 -6.3
RNEM First Trust Emerging Markets Equity Select ETF 2.7 75 -56 7.7 -2.6
STXE Strive Emerging Markets Ex-China ETF 2.6 32 -13 7.2 -3.0
XC WisdomTree Emerging Markets Ex-China Fund 2.6 32 -13 6.2 -4.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.5 59 -40 8.5 -1.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.4 58 -39 9.9 -0.3
PXH Invesco FTSE RAFI Emerging Markets ETF 2.3 49 -30 15.2 +5.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 2.3 29 -10 9.2 -1.0
NUEM Nuveen ESG Emerging Markets Equity ETF 2.2 36 -17 7.4 -2.8
XCNY SPDR S&P Emerging Markets ex-China ETF 2.2 15 4 7.4 -2.8
AVXC Avantis Emerging Markets Ex-China Equity ETF 2.2 33 -14 8.2 -2.0
ECON Columbia Emerging Markets Consumer ETF 2.2 49 -30 11.5 +1.3
EMC Global X Emerging Markets Great Consumer ETF 2.1 75 -56 10.9 +0.7
EMXC iShares MSCI Emerging Markets ex China ETF 2.1 25 -6 7.1 -3.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.1 32 -13 8.7 -1.5
PICK iShares MSCI Global Metals & Mining Producers ETF 2.1 39 -20 11.4 +1.2
JHEM John Hancock Multifactor Emerging Markets ETF 2.1 49 -30 9.6 -0.6
DEM WisdomTree Emerging Markets High Dividend Fund 2.1 63 -44 13.5 +3.3
GDX VanEck Gold Miners ETF 2.0 51 -32 3.0 -7.2
LDEM iShares ESG MSCI EM Leaders ETF 2.0 17 2 13.4 +3.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 2.0 15 4 7.4 -2.8
AVES Avantis Emerging Markets Value ETF 2.0 36 -17 10.8 +0.6
EMMF WisdomTree Emerging Markets Multifactor Fund 1.8 48 -29 7.2 -3.0
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.8 35 -16 16.6 +6.4
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.8 67 -48 13.3 +3.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.8 15 4 9.7 -0.5
EYLD Cambria Emerging Shareholder Yield ETF 1.7 66 -47 12.2 +2.0
SCHE Schwab Emerging Markets Equity ETF 1.7 11 8 10.5 +0.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.7 66 -47 8.9 -1.3
BKEM BNY Mellon Emerging Markets Equity ETF 1.7 11 8 9.5 -0.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.7 36 -17 9.2 -1.0
AVEM Avantis Emerging Markets Equity ETF 1.7 33 -14 8.2 -2.0
VWO Vanguard FTSE Emerging Markets ETF 1.6 7 12 9.8 -0.4
FDEM Fidelity Emerging Markets Multifactor ETF 1.6 25 -6 12.4 +2.2
MXI iShares Global Materials ETF 1.6 41 -22 7.5 -2.7
VIDI Vident International Equity Strategy ETF 1.6 61 -42 10.6 +0.4
ESGE iShares ESG Aware MSCI EM ETF 1.6 25 -6 9.6 -0.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.5 30 -11 9.7 -0.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.5 45 -26 9.8 -0.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.5 20 -1 9.8 -0.4
EEM iShares MSCI Emerging Markets ETF 1.5 69 -50 9.7 -0.5
SPEM SPDR Portfolio Emerging Markets ETF 1.5 7 12 10.1 -0.1
RWX SPDR Dow Jones International Real Estate ETF 1.5 59 -40 6.8 -3.4
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.4 80 -61 14.4 +4.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.4 53 -34 7.5 -2.7
EMXF iShares ESG Advanced MSCI EM ETF 1.4 16 3 8.1 -2.1
FRDM Freedom 100 Emerging Markets ETF 1.4 49 -30 7.7 -2.5
ROAM Hartford Multifactor Emerging Markets ETF 1.4 44 -25 11.6 +1.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.4 60 -41 8.3 -2.0
DFEV Dimensional Emerging Markets Value ETF 1.4 43 -24 12.7 +2.5
IEMG iShares Core MSCI Emerging Markets ETF 1.4 9 10 9.9 -0.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.3 30 -11 8.8 -1.4
WWJD Inspire International ETF 1.3 80 -61 7.2 -3.0
DVYE iShares Emerging Markets Dividend ETF 1.2 49 -30 18.4 +8.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.2 41 -22 8.4 -1.8
AVEE Avantis Emerging Markets Small Cap Equity ETF 1.1 42 -23 9.7 -0.5
AVSE Avantis Responsible Emerging Markets Equity ETF 1.1 33 -14 8.1 -2.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.1 50 -31 10.6 +0.4
FEM First Trust Emerging Markets AlphaDEX Fund 1.1 80 -61 11.2 +1.0
KXI iShares Global Consumer Staples ETF 1.1 41 -22 5.6 -4.6
DFAE Dimensional Emerging Core Equity Market ETF 1.1 35 -16 8.9 -1.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.0 47 -28 8.1 -2.1
HAP VanEck Natural Resources ETF 1.0 50 -31 9.1 -1.1
IQDF FlexShares International Quality Dividend Index Fund 1.0 47 -28 8.8 -1.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.0 38 -19 8.9 -1.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.8 10 9 8.0 -2.2
SDG iShares MSCI Global Sustainable Development Goals ETF 0.8 49 -30 5.7 -4.5
MEM Matthews Emerging Markets Equity Active ETF 0.8 79 -60 7.4 -2.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.8 46 -27 9.7 -0.5
VYMI Vanguard International High Dividend Yield ETF 0.8 17 2 9.5 -0.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.7 70 -51 7.6 -2.6
CCNR ALPS CoreCommodity Natural Resources ETF 0.7 39 -20 10.0 -0.2
DEHP Dimensional Emerging Markets High Profitability ETF 0.7 41 -22 6.4 -3.8
BLES Inspire Global Hope ETF 0.7 61 -42 6.7 -3.5
CGV Conductor Global Equity Value ETF 0.7 130 -111 8.3 -1.9
EMGF iShares Emerging Markets Equity Factor ETF 0.7 25 -6 11.1 +0.9
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.6 12 7 8.0 -2.2
SILJ ETFMG Prime Junior Silver Miners ETF 0.6 69 -50 1.9 -8.3
RCGE RockCreek Global Equality ETF 0.5 95 -76 6.7 -3.6
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.5 56 -37 0.3 -9.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.5 18 1 7.8 -2.5
VSGX Vanguard ESG International Stock ETF 0.5 10 9 7.5 -2.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.5 95 -76 11.3 +1.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.5 41 -22 7.1 -3.1
CWI SPDR MSCI ACWI ex-US ETF 0.5 30 -11 7.4 -2.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.5 47 -28 5.8 -4.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.5 88 -69 8.3 -1.9
ACWX iShares MSCI ACWI ex U.S. ETF 0.5 34 -15 7.4 -2.8
VEU Vanguard FTSE All-World ex-US Index Fund 0.5 4 15 7.9 -2.3
VXUS Vanguard Total International Stock ETF 0.4 5 14 7.7 -2.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.4 42 -23 7.0 -3.2
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 12 7.6 -2.6
RWO SPDR Dow Jones Global Real Estate ETF 0.4 50 -31 6.9 -3.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 -11 7.7 -2.5
CGGR Capital Group Growth ETF 0.4 39 -20 3.1 -7.1
DEW WisdomTree Global High Dividend Fund 0.4 58 -39 8.4 -1.9
FTAG First Trust Indxx Global Agriculture ETF 0.4 70 -51 8.6 -1.6
AVRE Avantis Real Estate ETF 0.3 17 2 7.1 -3.1
REET iShares Global REIT ETF 0.3 14 5 7.4 -2.8
SCHY Schwab International Dividend Equity ETF 0.3 14 5 9.7 -0.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 -46 7.8 -2.4
EEMO Invesco S&P Emerging Markets Momentum ETF 0.3 29 -10 6.5 -3.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 7 5.0 -5.2
FPAG FPA Global Equity ETF 0.3 49 -30 5.7 -4.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 -1 5.5 -4.7
DFGR Dimensional Global Real Estate ETF 0.2 22 -3 7.4 -2.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 10 5.5 -4.7
IPKW Invesco International BuyBack Achievers ETF 0.2 55 -36 12.7 +2.5
IXG iShares Global Financials ETF 0.2 42 -23 6.7 -3.5
ACWI iShares MSCI ACWI ETF 0.2 32 -13 5.4 -4.8
VT Vanguard Total World Stock ETF 0.2 6 13 5.7 -4.5
CGW Invesco S&P Global Water Index ETF 0.1 57 -38 4.5 -5.7
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 9 5.6 -4.6
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -70 4.8 -5.4
EXI iShares Global Industrials ETF 0.0 42 -23 4.4 -5.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 11 6.1 -4.2
GLOF iShares Global Equity Factor ETF 0.0 20 -1 6.3 -3.9
IGRO iShares International Dividend Growth ETF 0.0 15 4 7.2 -3.0

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 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 15.3 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 10.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.64 CATEGORY
AVERAGE		 1.51
 
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.