Franklin FTSE Mexico ETF
ALTAR
Score™		 8.2% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 12.8x P/Sales
ratio		 1.3x
P/BV
ratio		 1.9x 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) $76
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) $20,682
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 MEXICO S.A.B. DE C.V. CLASS 12.0 %
GRUPO FINANCIERO BANORTE-O 11.9 %
FOMENTO ECONOMICO MEXICANO SAB DE 7.9 %
CEMEX SAB-CPO 7.8 %
AMERICA MOVIL SAB DE CV ORDINARY S 7.3 %
WALMART DE MEXICO-SER V 4.3 %
INDUSTRIAS PENOLES SAB DE CV 3.8 %
GRUPO AEROPORTUARIO DEL-B SH 3.6 %
EMBOTELLADORAS ARCA SAB-NOM 3.4 %
GRUPO AEROPORTUARIO DE SUR-B 2.7 %
Total 64.8 %

TOP COUNTRY EXPOSURE
MEXICO 90.4 %










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.
8.5% 53.0% 14.6% -- 7.9%

Market Correlations
versus... Beta R-squared
S&P500 0.63 25%
MSCI EAFE 0.93 45%
MSCI Emg. Mkts. 0.80 44%

Technical Indicators
Recent close $38.70
30d moving avg. $36.60
Annualized volatility 22.1%
Short interest (ETF) 3.4%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 18
Turnover 0.9%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $153

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 157 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™: 8.2%


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
(%)
FLLA Franklin FTSE Latin America ETF 28.1 19 0 9.4 +1.2
JIVE JPMorgan International Value ETF 23.9 55 -36 8.2 0.0
ILF iShares Latin America 40 ETF 20.2 48 -29 8.6 +0.3
FLN First Trust Latin America AlphaDEX Fund 13.9 80 -61 8.9 +0.7
EMDM First Trust Bloomberg Emerging Market Democracies ETF 10.9 75 -56 6.3 -2.0
XC WisdomTree Emerging Markets Ex-China Fund 9.6 32 -13 5.9 -2.3
OTGL OTG Latin America ETF 8.6 269 -250 6.9 -1.3
ICOP iShares Copper and Metals Mining ETF 8.0 47 -28 5.2 -3.0
FTHF First Trust Emerging Markets Human Flourishing ETF 7.8 75 -56 6.0 -2.2
GMET VanEck Green Metals ETF 6.7 63 -44 0.2 -8.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 6.1 44 -25 8.9 +0.7
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 5.9 90 -71 3.8 -4.5
DEM WisdomTree Emerging Markets High Dividend Fund 5.9 63 -44 10.4 +2.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 5.7 32 -13 4.9 -3.4
EDOG ALPS Emerging Sector Dividend Dogs ETF 5.1 60 -41 9.7 +1.4
BINV Brandes International ETF 4.5 70 -51 8.2 0.0
EDIV SPDR S&P Emerging Markets Dividend ETF 4.0 49 -30 8.7 +0.5
SIL Global X Silver Miners ETF 3.8 65 -46 1.3 -6.9
SLVP iShares MSCI Global Silver Miners ETF 3.8 39 -20 3.3 -4.9
AGMI Themes Silver Miners ETF 3.8 35 -16 3.4 -4.9
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.8 70 -51 8.9 +0.7
RNEM First Trust Emerging Markets Equity Select ETF 3.5 75 -56 7.4 -0.8
DVYE iShares Emerging Markets Dividend ETF 3.3 49 -30 16.6 +8.4
JADE JPMorgan Active Developing Markets Equity ETF 3.3 65 -46 6.1 -2.2
EMMF WisdomTree Emerging Markets Multifactor Fund 3.3 48 -29 8.6 +0.4
VEXC Vanguard Emerging Markets Ex-China ETF 3.2 7 12 5.7 -2.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 3.1 58 -39 8.0 -0.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 3.1 24 -5 5.4 -2.8
EMM Global X Emerging Markets ex-China ETF 3.1 75 -56 4.9 -3.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 3.0 45 -26 9.1 +0.9
XCEM Columbia EM Core ex-China ETF 3.0 16 3 5.1 -3.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 3.0 39 -20 13.3 +5.1
GDXJ VanEck Junior Gold Miners ETF 2.8 52 -33 2.2 -6.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 2.8 29 -10 8.3 +0.1
STXE Strive Emerging Markets Ex-China ETF 2.7 32 -13 5.5 -2.7
BATT Amplify Lithium & Battery Technology ETF 2.7 59 -40 1.7 -6.6
XCNY SPDR S&P Emerging Markets ex-China ETF 2.7 15 4 5.6 -2.6
RWX SPDR Dow Jones International Real Estate ETF 2.7 59 -40 6.7 -1.5
LDEM iShares ESG MSCI EM Leaders ETF 2.6 17 2 11.8 +3.5
IQRA IQ CBRE Real Assets ETF 2.4 65 -46 5.7 -2.6
PXH Invesco FTSE RAFI Emerging Markets ETF 2.4 49 -30 13.1 +4.9
EMXC iShares MSCI Emerging Markets ex China ETF 2.3 25 -6 5.2 -3.0
DSTX Distillate International Fundamental Stability & Value ETF 2.3 55 -36 6.3 -2.0
PICK iShares MSCI Global Metals & Mining Producers ETF 2.3 39 -20 7.6 -0.6
AVXC Avantis Emerging Markets Ex-China Equity ETF 2.3 33 -14 6.3 -2.0
FEM First Trust Emerging Markets AlphaDEX Fund 2.2 80 -61 8.4 +0.2
FEOE First Eagle Overseas Equity ETF 2.2 79 -60 6.0 -2.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 2.2 33 -14 6.9 -1.3
FDEM Fidelity Emerging Markets Multifactor ETF 2.1 25 -6 10.3 +2.1
EMXF iShares ESG Advanced MSCI EM ETF 2.1 16 3 6.9 -1.4
SCHE Schwab Emerging Markets Equity ETF 2.1 11 8 9.2 +0.9
VWO Vanguard FTSE Emerging Markets ETF 2.0 7 12 8.9 +0.7
JHEM John Hancock Multifactor Emerging Markets ETF 2.0 49 -30 7.6 -0.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.0 60 -41 6.2 -2.1
ECON Columbia Emerging Markets Consumer ETF 2.0 49 -30 6.9 -1.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.9 32 -13 7.4 -0.8
SPEM SPDR Portfolio Emerging Markets ETF 1.9 7 12 9.2 +1.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.8 30 -11 8.0 -0.2
FRDM Freedom 100 Emerging Markets ETF 1.8 49 -30 5.6 -2.7
MXI iShares Global Materials ETF 1.8 41 -22 5.6 -2.6
EEM iShares MSCI Emerging Markets ETF 1.8 69 -50 7.8 -0.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.7 66 -47 7.3 -1.0
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.7 67 -48 11.8 +3.6
ROAM Hartford Multifactor Emerging Markets ETF 1.7 44 -25 7.6 -0.6
BKEM BNY Mellon Emerging Markets Equity ETF 1.7 11 8 7.9 -0.3
IEMG iShares Core MSCI Emerging Markets ETF 1.7 9 10 8.1 -0.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.7 36 -17 7.6 -0.6
NUEM Nuveen ESG Emerging Markets Equity ETF 1.7 36 -17 5.9 -2.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.6 15 4 8.0 -0.3
SDG iShares MSCI Global Sustainable Development Goals ETF 1.6 49 -30 4.5 -3.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.6 35 -16 11.0 +2.8
EMC Global X Emerging Markets Great Consumer ETF 1.6 75 -56 7.2 -1.1
CGXU Capital Group International Focus Equity ETF 1.6 54 -35 3.9 -4.4
IQDF FlexShares International Quality Dividend Index Fund 1.6 47 -28 7.5 -0.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.6 47 -28 7.2 -1.0
GDX VanEck Gold Miners ETF 1.5 51 -32 2.3 -5.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.5 45 -26 8.1 -0.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.5 53 -34 5.2 -3.0
AVEM Avantis Emerging Markets Equity ETF 1.5 33 -14 7.1 -1.2
FEGE First Eagle Global Equity ETF 1.4 79 -60 5.9 -2.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.4 59 -40 8.4 +0.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.4 50 -31 8.2 -0.1
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.4 80 -61 11.0 +2.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.4 15 4 8.9 +0.6
EMGF iShares Emerging Markets Equity Factor ETF 1.3 25 -6 9.0 +0.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.3 41 -22 6.7 -1.5
ESGE iShares ESG Aware MSCI EM ETF 1.3 25 -6 8.3 +0.1
KXI iShares Global Consumer Staples ETF 1.2 41 -22 5.2 -3.0
AVSE Avantis Responsible Emerging Markets Equity ETF 1.2 33 -14 6.7 -1.5
AVEE Avantis Emerging Markets Small Cap Equity ETF 1.2 42 -23 7.2 -1.0
DFAE Dimensional Emerging Core Equity Market ETF 1.2 35 -16 6.9 -1.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.2 30 -11 7.6 -0.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.2 10 9 7.9 -0.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.2 12 7 8.0 -0.3
CGV Conductor Global Equity Value ETF 1.1 130 -111 7.3 -0.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.1 70 -51 6.1 -2.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.1 47 -28 4.9 -3.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.1 38 -19 6.9 -1.3
AVES Avantis Emerging Markets Value ETF 1.1 36 -17 8.7 +0.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.1 88 -69 8.3 +0.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.0 20 -1 8.4 +0.2
SDIV Global X Superdividend ETF 1.0 58 -39 12.9 +4.6
MEM Matthews Emerging Markets Equity Active ETF 1.0 79 -60 8.5 +0.3
FID First Trust S&P International Dividend Aristocrats ETF 1.0 60 -41 7.8 -0.4
HAP VanEck Natural Resources ETF 1.0 50 -31 6.5 -1.7
DFEV Dimensional Emerging Markets Value ETF 0.9 43 -24 9.6 +1.4
VYMI Vanguard International High Dividend Yield ETF 0.9 17 2 7.9 -0.4
WWJD Inspire International ETF 0.9 80 -61 6.0 -2.2
DEHP Dimensional Emerging Markets High Profitability ETF 0.8 41 -22 4.9 -3.3
FPAG FPA Global Equity ETF 0.8 49 -30 5.7 -2.5
RWO SPDR Dow Jones Global Real Estate ETF 0.8 50 -31 6.2 -2.1
SILJ ETFMG Prime Junior Silver Miners ETF 0.7 69 -50 0.2 -8.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.7 46 -27 7.3 -0.9
WDIV SPDR S&P Global Dividend ETF 0.7 40 -21 9.1 +0.8
CCNR ALPS CoreCommodity Natural Resources ETF 0.7 39 -20 8.0 -0.2
EEMO Invesco S&P Emerging Markets Momentum ETF 0.7 29 -10 7.0 -1.2
AVRE Avantis Real Estate ETF 0.7 17 2 6.6 -1.6
VSGX Vanguard ESG International Stock ETF 0.6 10 9 6.5 -1.7
VEU Vanguard FTSE All-World ex-US Index Fund 0.6 4 15 6.6 -1.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.6 95 -76 10.0 +1.7
CWI SPDR MSCI ACWI ex-US ETF 0.6 30 -11 6.3 -1.9
ACWX iShares MSCI ACWI ex U.S. ETF 0.6 34 -15 6.3 -2.0
VXUS Vanguard Total International Stock ETF 0.5 5 14 6.5 -1.7
REET iShares Global REIT ETF 0.5 14 5 6.8 -1.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.5 41 -22 6.0 -2.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.5 18 1 6.3 -2.0
IXUS iShares Core MSCI Total International Stock ETF 0.5 7 12 6.5 -1.8
JETS U.S. Global Jets ETF 0.5 60 -41 2.5 -5.8
RCGE RockCreek Global Equality ETF 0.5 95 -76 5.9 -2.3
CGGR Capital Group Growth ETF 0.5 39 -20 2.5 -5.7
DFGR Dimensional Global Real Estate ETF 0.5 22 -3 6.9 -1.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.5 30 -11 6.2 -2.0
VIDI Vident International Equity Strategy ETF 0.5 61 -42 8.2 -0.1
BLES Inspire Global Hope ETF 0.5 61 -42 5.7 -2.6
VGSR Vert Global Sustainable Real Estate ETF 0.4 47 -28 6.9 -1.4
SCHY Schwab International Dividend Equity ETF 0.4 14 5 8.1 -0.1
FRGN Horizon International Equity ETF 0.4 75 -56 7.9 -0.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.4 40 -21 6.3 -1.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 7 4.4 -3.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 -1 4.7 -3.5
FTAG First Trust Indxx Global Agriculture ETF 0.3 70 -51 6.8 -1.4
DEW WisdomTree Global High Dividend Fund 0.3 58 -39 7.3 -1.0
GEW Cambria Global EW ETF 0.3 29 -10 5.4 -2.9
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 -46 6.2 -2.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 10 4.9 -3.4
VT Vanguard Total World Stock ETF 0.2 6 13 5.0 -3.2
ACWI iShares MSCI ACWI ETF 0.2 32 -13 4.7 -3.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 -23 3.9 -4.3
IPKW Invesco International BuyBack Achievers ETF 0.2 55 -36 7.9 -0.3
IXG iShares Global Financials ETF 0.2 42 -23 6.1 -2.1
AQLT iShares MSCI Global Quality Factor ETF 0.1 18 1 0.0 -8.2
CGW Invesco S&P Global Water Index ETF 0.1 57 -38 4.3 -4.0
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 -6 6.2 -2.1
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 9 5.0 -3.2
GLOF iShares Global Equity Factor ETF 0.1 20 -1 5.6 -2.6
EXI iShares Global Industrials ETF 0.0 42 -23 3.5 -4.8
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -70 4.5 -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

  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:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.2 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 8.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.66 CATEGORY
AVERAGE		 1.52
 
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.