FLLA
Franklin FTSE Latin America ETF
FLLA seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Latin America Capped Index. FTSE Latin America Capped Index is a market-capitalization weighted index representing the performance of Latin American large and mid capitalization stocks.
Fund Basics
Fund sponsor | Franklin Templeton Investments |
Category | Emerging Market Equities |
Asset class | Equity |
Website | link... |
Inception date | Oct 09, 2018 |
Assets (mns) | $67 |
Expense ratio | 19 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Semi-annual |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Market Cap |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
VALE SA | 7.2 % |
PROLOGIS PROPERTY MEXICO SA | 6.6 % |
PETROBRAS - PETROLEO BRAS-PR | 6.4 % |
ITAU UNIBANCO HOLDING SA | 4.7 % |
PETROBRAS - PETROLEO BRAS | 4.3 % |
GRUPO FINANCIERO BANORTE-O | 4.2 % |
FOMENTO ECONOMICO MEXICANO SAB DE CV UNI | 3.2 % |
WALMART DE MEXICO-SER V | 2.9 % |
AMERICA MOVIL SAB DE CV CLASS L | 2.8 % |
GRUPO MEXICO S.A.B. DE C.V. CLASS B | 2.2 % |
Constituent Breakdown
Number of holdings | 151 |
Herfindahl-Hirschman Index | 275 |
Wgt avg mkt cap (mns) | $28,881 |
Large cap (>$10bn) | 58.9% |
Mid cap ($2-10bn) | 31.8% |
Small cap (<$2bn) | 1.9% |
Developed mkts. | 0.0% |
Emerging mkts. | 100.0% |
Country Exposure
BRAZIL | 58.9 % | |
MEXICO | 36.1 % | |
CHILE | 5.5 % | |
COLOMBIA | 1.6 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
-4.8% | 21.5% | 3.7% | 9.1% | 3.2% | -- | 3.9% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.91 | 41% |
MSCI EAFE | 0.95 | 41% |
MSCI Emg Mkts | 0.79 | 30% |
Liquidity Measures
Avg. volume (000) | 13 |
Turnover | 0.4% |
Avg. Bid/Ask (% of price) | 0.12% |
ADV of underlying (mns) | $3,236 |
Technical Indicators
Recent close | $22.75 |
30d moving avg. | $23.34 |
Annualized volatility | 25.5% |
Relative strength (RSI) | 63 |
Short interest (ETF) | 0.0% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. FLLA |
Expenses vs. FLLA |
ALTAR Score™ vs. FLLA |
---|---|---|---|---|
FLBR | Franklin FTSE Brazil ETF | 60.0% | 0 bp | +0.7% |
EWZ | iShares MSCI Brazil ETF | 55.4% | +39 bp | +0.2% |
FLMX | Franklin FTSE Mexico ETF | 36.1% | 0 bp | -0.8% |
FLN | First Trust Latin America AlphaDEX Fund | 35.1% | +61 bp | -0.5% |
ILF | iShares Latin America 40 ETF | 30.6% | +29 bp | -1.3% |
EWW | iShares MSCI Mexico ETF | 26.7% | +31 bp | -1.9% |
FBZ | First Trust Brazil AlphaDEX Fund | 26.3% | +61 bp | +0.4% |
EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 24.8% | +56 bp | -2.1% |
DEM | WisdomTree Emerging Markets High Dividend Fund | 18.2% | +44 bp | +1.2% |
JPEM | JPMorgan Diversified Return Emerging Markets Equity ETF | 17.5% | +25 bp | -1.3% |
Risk and Returns: FLLA vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 5/1/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FLLA
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
FLLA
11.6%
Cat. Avg
7.7%
Fund Category: Emerging Market Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 11.6% |
Recommendation
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.
Category Overview
There are 163 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.7% and a standard deviation of
3.8%. FLLA's ALTAR Score™ is approximately
1.0 standard deviations
above
the category average. This places FLLA in the 85th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FLLA
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
Volume | |
Bid/Ask Spread | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
FLLA | 19.0 | 12.3 | 31.3 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .