Franklin FTSE Mexico ETF
ALTAR
Score™
10.1% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
19.1x P/Sales
ratio
1.0x
P/BV
ratio
1.0x Div.
yield
2.7%


  • 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) $4
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) $17,950
Large cap (>$10bn) 46.4%
Mid cap ($2-10bn) 47.8%
Small cap (<$2bn) 5.8%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
AMERICA MOVIL SAB DE CV CLASS L 16.6 %
WALMART DE MEXICO-SER V 11.3 %
FOMENTO ECONOMICO MEXICA-UBD 9.7 %
GRUPO FINANCIERO BANORTE-O 9.2 %
GRUPO MEXICO SAB DE CV-SER B 4.8 %
GRUPO BIMBO SAB- SERIES A 3.3 %
CEMEX SAB-CPO 3.2 %
GRUPO ELEKTRA SA 3.0 %
GRUPO AEROPORTUARIO DEL-B SH 2.7 %
FIBRA UNO ADMINISTRACION SA 2.5 %
Total 66.3 %

TOP COUNTRY EXPOSURE
MEXICO 98.2 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-29.3% -26.3% -- -- -13.9%

Market Correlations
versus... Beta R-squared
S&P500 1.08 44%
MSCI EAFE 1.43 66%
MSCI Emg. Mkts. 1.05 55%

Technical Indicators
Recent close $15.80
30d moving avg. $16.52
Annualized volatility 29.8%
Short interest (ETF) 0.9%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.8%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $938

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 10.1%


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 84.3 49 -30 9.2 -1.0
PACA Xtrackers MSCI Latin America Pacific Alliance ETF 43.5 45 -26 8.3 -1.8
FLN First Trust Latin America AlphaDEX Fund 27.6 80 -61 7.8 -2.3
ILF iShares Latin America 40 ETF 21.1 48 -29 6.7 -3.4
FLLA Franklin FTSE Latin America ETF 20.7 19 0 6.6 -3.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 6.8 60 -41 8.4 -1.7
EMFM Global X MSCI Next Emerging & Frontier ETF 6.2 66 -47 9.0 -1.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 4.4 29 -10 9.8 -0.3
COPX Global X Copper Miners ETF 4.3 65 -46 6.4 -3.7
SDEM Global X SuperDividend Emerging Markets ETF 4.2 66 -47 15.9 +5.8
RNEM Emerging Markets Equity Select ETF 4.1 75 -56 10.4 +0.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 3.8 44 -25 8.9 -1.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 3.7 60 -41 10.7 +0.6
FEM First Trust Emerging Markets AlphaDEX Fund 3.5 80 -61 11.0 +0.9
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 3.3 50 -31 10.3 +0.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.9 49 -30 8.0 -2.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 2.9 39 -20 12.7 +2.6
EMXC iShares MSCI Emerging Markets ex China ETF 2.8 25 -6 8.4 -1.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 2.7 32 -13 9.0 -1.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.6 49 -30 8.6 -1.5
PXH Invesco FTSE RAFI Emerging Markets ETF 2.5 50 -31 13.0 +2.9
ROAM Hartford Multifactor Emerging Markets ETF 2.5 44 -25 14.7 +4.6
DVEM WisdomTree Emerging Markets Dividend Fund 2.4 32 -13 8.2 -2.0
FRDM Freedom 100 Emerging Markets ETF 2.3 49 -30 6.9 -3.2
XCEM Columbia EM Core ex-China ETF 2.3 16 3 7.3 -2.8
FDEM Fidelity Targeted Emerging Markets Factor ETF 2.2 45 -26 9.6 -0.6
VIDI Vident International Equity Fund 2.2 59 -40 11.4 +1.3
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 2.1 64 -45 4.6 -5.5
ECON Columbia Emerging Markets Consumer ETF 2.0 59 -40 4.4 -5.7
DEM WisdomTree Emerging Markets High Dividend Fund 2.0 63 -44 13.9 +3.8
JHEM John Hancock Multifactor Emerging Markets ETF 1.9 49 -30 8.4 -1.8
PBEE Invesco PureBeta FTSE Emerging Markets ETF 1.9 15 4 8.5 -1.6
SCHE Schwab Emerging Markets Equity ETF 1.9 11 8 7.8 -2.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.9 45 -26 7.9 -2.3
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 1.8 80 -61 17.6 +7.5
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 1.8 80 -61 3.7 -6.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.7 36 -17 8.1 -2.0
MOTI VanEck Vectors Morningstar International Moat ETF 1.7 57 -38 8.5 -1.6
VWO Vanguard FTSE Emerging Markets ETF 1.7 10 9 8.0 -2.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.6 30 -11 7.8 -2.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.6 40 -21 7.1 -3.0
SPEM SPDR Portfolio Emerging Markets ETF 1.6 11 8 7.7 -2.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.6 32 -13 6.1 -4.1
EEM iShares MSCI Emerging Markets ETF 1.6 68 -49 7.4 -2.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.6 65 -46 7.4 -2.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.5 30 -11 8.7 -1.4
NUEM Nuveen ESG Emerging Markets Equity ETF 1.5 45 -26 7.2 -3.0
BKEM BNY Mellon Emerging Markets Equity ETF 1.5 11 8 8.3 -1.8
ESGE iShares ESG MSCI EM ETF 1.5 25 -6 8.6 -1.6
IEMG iShares Core MSCI Emerging Markets ETF 1.4 13 6 7.9 -2.3
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.4 70 -51 13.2 +3.1
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 1.4 51 -32 13.6 +3.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.4 59 -40 11.0 +0.9
SIL Global X Silver Miners ETF 1.4 66 -47 1.6 -8.5
SLVP iShares MSCI Global Silver Miners ETF 1.4 39 -20 1.5 -8.6
WWJD Inspire International ESG ETF 1.3 80 -61 7.5 -2.7
PICK iShares MSCI Global Metals & Mining Producers ETF 1.2 39 -20 7.3 -2.8
GDXJ VanEck Vectors Junior Gold Miners ETF 1.2 53 -34 2.6 -7.6
ISEM Invesco Strategic Emerging Markets ETF 1.1 35 -16 10.1 -0.0
AVEM Avantis Emerging Markets Equity ETF 1.1 33 -14 8.9 -1.2
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 1.0 25 -6 7.6 -2.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.0 20 -1 6.7 -3.4
IQDE FlexShares International Quality Dividend Defensive Index Fd 0.9 47 -28 12.3 +2.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.9 95 -76 9.1 -1.0
FTAG First Trust Indxx Global Agriculture ETF 0.9 70 -51 6.5 -3.6
VIGI Vanguard International Dividend Appreciation ETF 0.8 25 -6 5.5 -4.6
DRW WisdomTree Global ex-US Real Estate Fund 0.8 58 -39 10.8 +0.6
KXI iShares Global Consumer Staples ETF 0.7 46 -27 5.3 -4.9
FPXI First Trust International Equity Opportunities ETF 0.7 70 -51 3.1 -7.0
HAP VanEck Vectors Natural Resources ETF 0.7 50 -31 6.4 -3.8
BLES Inspire Global Hope Large Cap ETF 0.6 52 -33 6.5 -3.7
MXI iShares Global Materials ETF 0.6 46 -27 6.0 -4.1
EDIV SPDR S&P Emerging Markets Dividend ETF 0.6 49 -30 11.0 +0.9
DGT SPDR Global Dow ETF 0.6 50 -31 6.7 -3.5
LVIN Hartford Multifactor Low Volatility International Equity ETF 0.6 29 -10 12.3 +2.2
IGRO iShares International Dividend Growth ETF 0.6 22 -3 8.0 -2.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.6 63 -44 12.5 +2.4
RWX SPDR Dow Jones International Real Estate ETF 0.5 59 -40 6.7 -3.4
SDIV Global X SuperDividend ETF 0.5 59 -40 13.5 +3.3
INFR Legg Mason Global Infrastructure ETF 0.5 40 -21 6.3 -3.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.5 69 -50 7.8 -2.3
VSGX Vanguard ESG International Stock ETF 0.5 17 2 7.2 -3.0
CWI SPDR MSCI ACWI ex-US ETF 0.5 30 -11 7.2 -3.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.5 8 11 7.6 -2.6
VYMI Vanguard International High Dividend Yield ETF 0.5 32 -13 10.2 +0.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.5 32 -13 7.2 -2.9
IXP iShares Global Comm Services ETF 0.5 46 -27 5.5 -4.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 40 -21 7.1 -3.1
GUNR Flexshares Morningstar Global Upstream Natural Resources 0.4 46 -27 5.8 -4.3
VXUS Vanguard Total International Stock Index Fund 0.4 8 11 7.6 -2.6
IXUS ishares Core MSCI Total International Stock ETF 0.4 9 10 7.4 -2.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 0.4 20 -1 11.0 +0.9
DVYE iShares Emerging Markets Dividend ETF 0.4 49 -30 16.1 +6.0
EEMO Invesco S&P Emerging Markets Momentum ETF 0.4 29 -10 6.5 -3.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.4 47 -28 6.5 -3.6
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 0.3 10 9 9.2 -0.9
VNQI Vanguard Global ex-US Real Estate Index Fund 0.3 12 7 10.0 -0.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 0.3 16 3 6.9 -3.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 -46 6.1 -4.1

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 10.4 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 10.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.45
 
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.