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.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
47.9 M
ASSETS UNDER MGMT
19 bp
EXPENSES
Fund Basics
| Fund sponsor | Franklin Templeton Investments |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 09, 2018 |
| Assets (mns) | $48 |
| 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 | 6.9 % |
| PETROBRAS - PETROLEO BRAS-PR | 6.1 % |
| ITAU UNIBANCO HOLDING SA | 4.8 % |
| PETROBRAS - PETROLEO BRAS | 4.4 % |
| GRUPO FINANCIERO BANORTE-O | 3.7 % |
| FOMENTO ECONOMICO MEXICANO SAB DE CV UNI | 3.3 % |
| GRUPO MEXICO S.A.B. DE C.V. CLASS B | 2.9 % |
| WALMART DE MEXICO-SER V | 2.8 % |
| WEG SA | 2.0 % |
| BANCO BRADESCO SA-PREF | 1.9 % |
Constituent Breakdown
| Number of holdings | 153 |
| Herfindahl-Hirschman Index | 228 |
| Wgt avg mkt cap (mns) | $22,285 |
| Large cap (>$10bn) | 60.3% |
| Mid cap ($2-10bn) | 28.5% |
| Small cap (<$2bn) | 2.8% |
| Developed mkts. | 0.0% |
| Emerging mkts. | 100.0% |
Country Exposure
 |
BRAZIL | 56.6 % |
 |
MEXICO | 25.2 % |
 |
CHILE | 6.0 % |
 |
COLOMBIA | 1.4 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -19.3% | -1.0% | 1.1% | 5.8% | -1.1% | -- | 0.7% | Volatility | 17.8% | 19.1% | 20.8% | 23.2% | 30.4% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.94 | 44% |
| MSCI EAFE | 0.94 | 45% |
| MSCI Emg Mkts | 0.71 | 25% |
Liquidity Measures
| Avg. volume (000) | 16 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.12% |
| ADV of underlying (mns) | $2,273 |
Technical Indicators
| Recent close | $19.17 |
| 30d moving avg. | $20.41 |
| Annualized volatility | 24.7% |
| Relative strength (RSI) | 40 |
| Short interest (ETF) | 0.1% |
| 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 | 57.6% | 0 bp | 0.0% |
| EWZ | iShares MSCI Brazil ETF | 51.7% | +39 bp | -2.9% |
| FLN | First Trust Latin America AlphaDEX Fund | 38.4% | +61 bp | -4.8% |
| FBZ | First Trust Brazil AlphaDEX Fund | 29.6% | +61 bp | +0.1% |
| ILF | iShares Latin America 40 ETF | 29.1% | +29 bp | -2.8% |
| FLMX | Franklin FTSE Mexico ETF | 24.4% | 0 bp | +3.1% |
| EWW | iShares MSCI Mexico ETF | 24.3% | +31 bp | -0.1% |
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 23.2% | +56 bp | -5.0% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 18.6% | +56 bp | -4.2% |
| JPEM | JPMorgan Diversified Return Emerging Markets Equity ETF | 16.4% | +25 bp | -2.6% |
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 11/15/2024
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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 Rating
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™
FLLA
13.2%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
4.1%. FLLA's ALTAR Score™ is approximately
1.3 standard deviations
above
the category average. This places FLLA in the 91st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FLLASELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| FLLA (19 bp) Percentile rank | 9 |
Peer Group Expense Ratio Distribution
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. | 53.4 | 25.5 | 78.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .