Franklin FTSE Mexico ETF
ALTAR
Score™		 16.2% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 5.0x P/Sales
ratio		 0.3x
P/BV
ratio		 1.2x Div.
yield		 5.2%


  • 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) $88
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) $16,775
Large cap (>$10bn) 64.9%
Mid cap ($2-10bn) 31.2%
Small cap (<$2bn) 3.9%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
GRUPO FINANCIERO BANORTE-O 11.2 %
FOMENTO ECONOMICO MEXICANO SAB DE 10.2 %
AMERICA MOVIL SAB DE CV ADR - SERI 9.8 %
GRUPO MEXICO S.A.B. DE C.V. CLASS 9.1 %
WALMART DE MEXICO-SER V 8.7 %
CEMEX SAB-CPO 4.4 %
GRUPO BIMBO SAB- SERIES A 3.9 %
GRUPO AEROPORTUARIO DEL PACIFICO S 3.2 %
GRUPO AEROPORTUARIO DE SUR-B 3.2 %
GRUPO FINANCIERO INBURSA-O 2.9 %
Total 66.6 %

TOP COUNTRY EXPOSURE
MEXICO 79.9 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-26.8% -8.6% 4.4% -- 2.1%

Market Correlations
versus... Beta R-squared
S&P500 0.95 43%
MSCI EAFE 1.06 55%
MSCI Emg. Mkts. 0.71 25%

Technical Indicators
Recent close $24.88
30d moving avg. $26.72
Annualized volatility 25.1%
Short interest (ETF) 2.9%
Relative strength (RSI) 42

Liquidity measures
Avg. volume (thou.) 33
Turnover 0.9%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $259

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 144 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™: 16.2%


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 69.5 50 -31 13.2 -3.1
FLLA Franklin FTSE Latin America ETF 24.4 19 0 13.2 -3.1
ILF iShares Latin America 40 ETF 20.6 48 -29 10.4 -5.8
FLN First Trust Latin America AlphaDEX Fund 13.4 80 -61 8.4 -7.8
EMDM First Trust Bloomberg Emerging Market Democracies ETF 11.6 75 -56 8.2 -8.0
ICOP iShares Copper and Metals Mining ETF 7.7 47 -28 10.1 -6.1
EDOG ALPS Emerging Sector Dividend Dogs ETF 6.1 60 -41 13.4 -2.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 5.8 44 -25 10.6 -5.6
FTHF First Trust Emerging Markets Human Flourishing ETF 5.5 75 -56 8.9 -7.4
GMET VanEck Green Metals ETF 5.4 63 -44 10.7 -5.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 4.4 70 -51 9.2 -7.0
DSTX Distillate International Fundamental Stability & Value ETF 3.7 55 -36 8.0 -8.3
DEM WisdomTree Emerging Markets High Dividend Fund 3.5 63 -44 18.9 +2.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 3.3 32 -13 6.9 -9.4
XCEM Columbia EM Core ex-China ETF 3.1 16 3 7.7 -8.5
RNEM First Trust Emerging Markets Equity Select ETF 3.1 75 -56 7.6 -8.7
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.9 24 -5 9.2 -7.0
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.8 67 -48 15.0 -1.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 2.6 29 -10 8.7 -7.5
EMMF WisdomTree Emerging Markets Multifactor Fund 2.6 48 -29 8.8 -7.5
EDIV SPDR S&P Emerging Markets Dividend ETF 2.6 49 -30 12.0 -4.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 2.5 33 -14 8.2 -8.0
EMM Global X Emerging Markets ex-China ETF 2.4 75 -56 4.2 -12.0
STXE Strive Emerging Markets Ex-China ETF 2.4 32 -13 7.0 -9.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 2.3 45 -26 12.3 -3.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 2.1 39 -20 12.5 -3.8
XC WisdomTree Emerging Markets Ex-China Fund 2.1 32 -13 6.0 -10.3
FDEM Fidelity Emerging Markets Multifactor ETF 2.0 25 -6 12.3 -3.9
JHEM John Hancock Multifactor Emerging Markets ETF 2.0 49 -30 8.2 -8.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.0 58 -39 10.2 -6.0
LDEM iShares ESG MSCI EM Leaders ETF 2.0 17 2 7.6 -8.6
EMXC iShares MSCI Emerging Markets ex China ETF 2.0 25 -6 6.7 -9.6
EQLT iShares MSCI Emerging Markets Quality Factor ETF 2.0 35 -16 7.4 -8.9
FEM First Trust Emerging Markets AlphaDEX Fund 1.9 80 -61 13.0 -3.2
EYLD Cambria Emerging Shareholder Yield ETF 1.9 66 -47 13.2 -3.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.9 15 4 10.2 -6.0
XCNY SPDR S&P Emerging Markets ex-China ETF 1.9 15 4 6.3 -9.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.9 60 -41 9.8 -6.4
AVES Avantis Emerging Markets Value ETF 1.9 36 -17 11.6 -4.6
EMC Global X Emerging Markets Great Consumer ETF 1.8 75 -56 4.5 -11.7
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 1.8 18 1 6.8 -9.4
NUEM Nuveen ESG Emerging Markets Equity ETF 1.8 36 -17 6.5 -9.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.8 32 -13 6.2 -10.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.7 20 -1 6.8 -9.4
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.7 90 -71 6.1 -10.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.7 36 -17 7.8 -8.4
ECON Columbia Emerging Markets Consumer ETF 1.7 49 -30 7.3 -8.9
BKEM BNY Mellon Emerging Markets Equity ETF 1.7 11 8 8.4 -7.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.7 66 -47 10.0 -6.3
SCHE Schwab Emerging Markets Equity ETF 1.7 11 8 7.1 -9.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.7 59 -40 11.3 -4.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.6 45 -26 11.0 -5.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.6 15 4 7.2 -9.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.6 30 -11 7.3 -8.9
JIG JPMorgan International Growth ETF 1.6 55 -36 4.6 -11.6
BINV Brandes International ETF 1.6 70 -51 8.5 -7.8
PICK iShares MSCI Global Metals & Mining Producers ETF 1.5 39 -20 12.8 -3.4
EMXF iShares ESG Advanced MSCI EM ETF 1.5 16 3 6.8 -9.4
VWO Vanguard FTSE Emerging Markets ETF 1.5 8 11 6.9 -9.3
PXH Invesco FTSE RAFI Emerging Markets ETF 1.5 49 -30 12.2 -4.0
EEM iShares MSCI Emerging Markets ETF 1.5 69 -50 6.9 -9.4
RWX SPDR Dow Jones International Real Estate ETF 1.4 59 -40 7.4 -8.9
SPEM SPDR Portfolio Emerging Markets ETF 1.4 7 12 7.3 -8.9
IQDF FlexShares International Quality Dividend Index Fund 1.3 47 -28 12.9 -3.4
IEMG iShares Core MSCI Emerging Markets ETF 1.3 9 10 7.5 -8.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.3 42 -23 8.1 -8.2
AVEM Avantis Emerging Markets Equity ETF 1.3 33 -14 8.9 -7.4
ESGE iShares ESG Aware MSCI EM ETF 1.3 25 -6 7.1 -9.1
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.3 80 -61 12.3 -4.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.3 30 -11 8.1 -8.1
DFEV Dimensional Emerging Markets Value ETF 1.2 43 -24 11.1 -5.2
ROAM Hartford Multifactor Emerging Markets ETF 1.1 44 -25 15.8 -0.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.1 50 -31 13.0 -3.3
CCNR ALPS CoreCommodity Natural Resources ETF 1.0 39 -20 11.0 -5.2
DFAE Dimensional Emerging Core Equity Market ETF 1.0 35 -16 7.3 -8.9
KXI iShares Global Consumer Staples ETF 1.0 41 -22 5.7 -10.5
MXI iShares Global Materials ETF 1.0 41 -22 7.0 -9.3
GDXJ VanEck Junior Gold Miners ETF 1.0 52 -33 4.5 -11.7
SIL Global X Silver Miners ETF 1.0 65 -46 2.2 -14.1
SLVP iShares MSCI Global Silver Miners ETF 1.0 39 -20 3.2 -13.0
SILJ ETFMG Prime Junior Silver Miners ETF 1.0 69 -50 1.5 -14.7
AGMI Themes Silver Miners ETF 1.0 35 -16 4.5 -11.7
FRDM Freedom 100 Emerging Markets ETF 1.0 49 -30 7.3 -9.0
WWJD Inspire International ETF 1.0 80 -61 7.3 -9.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.0 41 -22 7.4 -8.8
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.9 10 9 7.7 -8.6
EMGF iShares Emerging Markets Equity Factor ETF 0.9 25 -6 8.5 -7.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.8 88 -69 7.4 -8.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.8 38 -19 7.8 -8.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.8 46 -27 9.3 -6.9
DEHP Dimensional Emerging Markets High Profitability ETF 0.7 41 -22 5.0 -11.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.7 35 -16 12.4 -3.8
VIDI Vident International Equity Strategy ETF 0.7 61 -42 10.2 -6.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.7 47 -28 9.4 -6.9
VYMI Vanguard International High Dividend Yield ETF 0.7 22 -3 9.8 -6.4
HAP VanEck Natural Resources ETF 0.7 50 -31 10.0 -6.3
MEM Matthews Emerging Markets Equity Active ETF 0.7 79 -60 5.4 -10.8
SDG iShares MSCI Global Sustainable Development Goals ETF 0.7 49 -30 5.6 -10.6
FTAG First Trust Indxx Global Agriculture ETF 0.6 70 -51 9.7 -6.6
DEW WisdomTree Global High Dividend Fund 0.6 58 -39 8.5 -7.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.6 40 -21 8.3 -8.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.6 12 7 8.3 -8.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.6 70 -51 7.7 -8.5
JGLO JPMorgan Global Select Equity ETF 0.6 33 -14 4.5 -11.8
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.6 56 -37 1.1 -15.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.5 95 -76 10.5 -5.7
BLES Inspire Global Hope ETF 0.5 61 -42 6.4 -9.8
VSGX Vanguard ESG International Stock ETF 0.5 12 7 6.8 -9.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.5 41 -22 7.4 -8.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.5 18 1 7.0 -9.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.5 8 11 7.3 -9.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 34 -15 7.0 -9.3
VXUS Vanguard Total International Stock ETF 0.4 7 12 7.2 -9.0
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 -11 6.9 -9.3
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 12 7.2 -9.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.4 47 -28 5.5 -10.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 -11 8.0 -8.3
RWO SPDR Dow Jones Global Real Estate ETF 0.4 50 -31 6.1 -10.1
CGGR Capital Group Growth ETF 0.4 39 -20 3.2 -13.0
JETS U.S. Global Jets ETF 0.4 60 -41 -13.3 -29.5
SCHY Schwab International Dividend Equity ETF 0.3 14 5 9.3 -6.9
AVRE Avantis Real Estate ETF 0.3 17 2 5.9 -10.4
RODE Hartford Multifactor Diversified International ETF 0.3 29 -10 11.8 -4.5
BIGFX Baron International Growth Retail 0.3 75 -56 3.1 -13.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.3 25 -6 6.6 -9.6
CGW Invesco S&P Global Water Index ETF 0.2 57 -38 4.4 -11.8
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 9 5.4 -10.8
REET iShares Global REIT ETF 0.2 14 5 6.2 -10.0
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -70 4.9 -11.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 7 4.8 -11.5
IGRO iShares International Dividend Growth ETF 0.2 15 4 7.5 -8.7
IPKW Invesco International BuyBack Achievers ETF 0.2 55 -36 11.0 -5.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 -1 5.2 -11.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 10 5.4 -10.9
ACWI iShares MSCI ACWI ETF 0.2 32 -13 5.3 -11.0
IXG iShares Global Financials ETF 0.1 42 -23 6.2 -10.1
VT Vanguard Total World Stock ETF 0.1 7 12 5.5 -10.7
DFGR Dimensional Global Real Estate ETF 0.1 22 -3 6.2 -10.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -46 8.2 -8.1
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 -10 5.5 -10.7
GLOF iShares Global Equity Factor ETF 0.0 20 -1 7.0 -9.2
EXI iShares Global Industrials ETF 0.0 42 -23 4.5 -11.7
VIGI Vanguard International Dividend Appreciation ETF 0.0 15 4 6.4 -9.8
TTAI FCF International Quality ETF 0.0 59 -40 5.6 -10.6

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:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.7 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 16.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.49 CATEGORY
AVERAGE		 1.48
 
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.