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
161.6 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) | $162 |
| 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 | 11.1 % |
| PETROBRAS - PETROLEO BRAS-PR | 9.8 % |
| ITAU UNIBANCO HOLDING SA | 7.7 % |
| PETROBRAS - PETROLEO BRAS | 7.0 % |
| WEG SA | 3.3 % |
| BANCO BRADESCO SA-PREF | 3.0 % |
| BM&FBOVESPA SA | 2.9 % |
| ITAUSA-INVESTIMENTOS ITAU SA | 2.6 % |
| AMBEV-SA | 2.4 % |
| CENTRAIS ELETRICAS BRASILIER | 2.3 % |
Constituent Breakdown
| Number of holdings | 87 |
| Herfindahl-Hirschman Index | 421 |
| Wgt avg mkt cap (mns) | $26,086 |
| Large cap (>$10bn) | 61.3% |
| Mid cap ($2-10bn) | 23.9% |
| Small cap (<$2bn) | 2.2% |
| Developed mkts. | 0.0% |
| Emerging mkts. | 100.0% |
Country Exposure
 |
BRAZIL | 90.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -15.9% | 2.4% | 1.3% | 8.3% | -2.3% | -- | 1.2% | Volatility | 20.1% | 21.2% | 25.1% | 28.2% | 36.3% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.94 | 35% |
| MSCI EAFE | 0.86 | 30% |
| MSCI Emg Mkts | 0.65 | 17% |
Liquidity Measures
| Avg. volume (000) | 26 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.17% |
| ADV of underlying (mns) | $1,912 |
Technical Indicators
| Recent close | $16.66 |
| 30d moving avg. | $17.62 |
| Annualized volatility | 27.6% |
| Relative strength (RSI) | 42 |
| Short interest (ETF) | 1.2% |
| 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. FLBR |
Expenses vs. FLBR |
ALTAR Score™ vs. FLBR |
|---|---|---|---|---|
| EWZ | iShares MSCI Brazil ETF | 76.0% | +39 bp | -2.9% |
| FLLA | Franklin FTSE Latin America ETF | 57.6% | 0 bp | 0.0% |
| FBZ | First Trust Brazil AlphaDEX Fund | 39.3% | +61 bp | +0.1% |
| FLN | First Trust Latin America AlphaDEX Fund | 33.9% | +61 bp | -4.8% |
| BRAZ | Global X Brazil Active ETF | 18.1% | +56 bp | -3.1% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 15.2% | +56 bp | -4.2% |
| DVYE | iShares Emerging Markets Dividend ETF | 12.9% | +30 bp | +5.8% |
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 12.6% | +56 bp | -5.0% |
| ILF | iShares Latin America 40 ETF | 12.2% | +29 bp | -2.8% |
| DEM | WisdomTree Emerging Markets High Dividend Fund | 11.3% | +44 bp | +5.8% |
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
| 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
FLBR
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
13.2%
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%. FLBR's ALTAR Score™ is approximately
1.3 standard deviations
above
the category average. This places FLBR in the 91st 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
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| FLBR (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) |
|
|---|---|---|---|
| FLBR | 19.0 | 17.1 | 36.1 |
| Peer Avg. | 57.4 | 20.9 | 78.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .