FLBR
Franklin FTSE Brazil ETF
The Franklin FTSE Brazil ETF tracks a market-cap-weighted index of Brazilian large- and midcap stocks.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
262.2 M
ASSETS UNDER MGMT
19 bp
EXPENSES
Fund Basics
| Fund sponsor | Franklin Templeton |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 03, 2017 |
| Assets (mns) | $262 |
| 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 | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| VALE SA | 11.2 % |
| HAPVIDA PARTICIPACOES E INVESTIMENTOS SA | 10.8 % |
| ITAU UNIBANCO HOLDING SA | 10.2 % |
| PETROBRAS - PETROLEO BRAS-PR | 9.2 % |
| PETROBRAS - PETROLEO BRAS | 6.7 % |
| BANCO BRADESCO SA-PREF | 4.9 % |
| JBS SA | 4.6 % |
| ITAUSA-INVESTIMENTOS ITAU SA | 3.5 % |
| BM&FBOVESPA SA | 3.3 % |
| EMPRESA BRAS DE AERONAUTICA | 3.3 % |
Constituent Breakdown
| Number of holdings | 75 |
| Herfindahl-Hirschman Index | 646 |
| Wgt avg mkt cap (mns) | $30,885 |
| Large cap (>$10bn) | 93.8% |
| Mid cap ($2-10bn) | 24.3% |
| Small cap (<$2bn) | 2.2% |
| Developed mkts. | 121.2% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
BRAZIL | 121.2 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 34.9% | 13.3% | 3.6% | -1.4% | 2.9% | -- | -- | -3.2% |
| Dividend Yield | 0.0% | 0.0% | 3.5% | 6.3% | 7.0% | -- | -- | 5.3% |
| Total Returns | 34.9% | 13.3% | 7.1% | 4.8% | 9.9% | -- | -- | 2.1% | Ann. Volatility | 23.4% | 24.3% | 22.7% | 24.8% | 28.4% | -- | -- | 33.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.84 | 21% |
| MSCI EAFE | 0.70 | 20% |
| MSCI Emg Mkts | 0.58 | 16% |
Liquidity Measures
| Avg. volume (000) | 54 |
| ADV traded (mns) | $1 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.12% |
Technical Indicators
| 30d moving avg. (EMA) | $19.48 |
| Relative strength (RSI) | 57 |
| MACD/Signal | 0.35/0.41 |
| Bollinger Bands (Upper/Lower) | $20.87/$18.60 |
| Short interest (% of AUM) | 0.1% |
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. FLBR |
Expenses vs. FLBR |
ALTAR Score™ vs. FLBR |
|---|---|---|---|---|
| FLLA | Franklin FTSE Latin America ETF | 72.2% | 0 bp | +12.4% |
| EWZ | iShares MSCI Brazil ETF | 69.7% | +39 bp | +12.0% |
| FLN | First Trust Latin America AlphaDEX Fund | 42.4% | +61 bp | +11.1% |
| BRAZ | Global X Brazil Active ETF | 15.8% | +56 bp | +11.8% |
| DVYE | iShares Emerging Markets Dividend ETF | 14.9% | +30 bp | +18.0% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 13.7% | +56 bp | +9.3% |
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 13.4% | +56 bp | +9.7% |
| JPEM | JPMorgan Diversified Return Emerging Markets Equity ETF | 13.0% | +25 bp | +10.4% |
| ILF | iShares Latin America 40 ETF | 11.8% | +29 bp | +11.7% |
| FNDE | Schwab Fundamental Emerging Markets Large Co. Index ETF | 11.3% | +20 bp | +15.5% |
Risk and Returns: FLBR 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 11/26/2025
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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
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™
FLBR
13.8%
Cat. Avg
7.9%
ALTAR Score™ Calculation
Category Overview
There are 129 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.9% and a standard deviation of
2.6%. FLBR's ALTAR Score™ is approximately
2.3 standard deviations
above
the category average. This places FLBR in the 99th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FLBRSELL
U/W
HOLD
O/W
BUY