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
$ 551.2 M
ASSETS UNDER MGMT
19 bp
EXPENSES
Fund Basics
| Inception date | Nov 03, 2017 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| VALE SA | 12.5 % |
| ITAU UNIBANCO HOLDING SA | 9.4 % |
| PETROBRAS - PETROLEO BRAS-PR | 7.6 % |
| PETROBRAS - PETROLEO BRAS | 7.0 % |
| BANCO BRADESCO SA-PREF | 3.9 % |
| BM&FBOVESPA SA | 3.3 % |
| ITAUSA-INVESTIMENTOS ITAU SA | 3.3 % |
| AXIA ENERGIA | 3.2 % |
| AMBEV-SA | 3.0 % |
| WEG SA | 2.9 % |
Constituent Breakdown
| Number of holdings | 72 |
| Herfindahl-Hirschman Index | 469 |
| Wgt avg mkt cap (mns) | $28,684 |
| Large cap (>$10bn) | 69.6% |
| Mid cap ($2-10bn) | 18.6% |
| Small cap (<$2bn) | 0.9% |
| Developed mkts. | 90.2% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
BRAZIL | 90.2 % |
Historical Performance
Standardized Performance (as of 07/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 20.1% | 37.6% | 16.4% | 4.2% | -0.3% | -- | -- | -0.9% |
| Dividend Yield | 0.0% | 7.6% | 7.1% | 6.6% | 8.7% | -- | -- | 6.4% |
| Total Returns | 20.1% | 45.2% | 23.5% | 10.7% | 8.4% | -- | -- | 5.5% | Ann. Volatility | 27.5% | 25.3% | 25.0% | 23.7% | 27.5% | -- | -- | 32.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.97 | 25% |
| MSCI EAFE | 1.02 | 40% |
| MSCI Emg Mkts | 0.59 | 32% |
Liquidity Measures
| Avg. volume (000) | 99 |
| ADV traded (mns) | $2 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.11% |
Technical Indicators
| 30d moving avg. (EMA) | $22.21 |
| Relative strength (RSI) | 53 |
| MACD/Signal | 0.16/0.09 |
| Bollinger Bands (Upper/Lower) | $22.97/$21.43 |
| Short interest (% of AUM) | 0.5% |
Distributions
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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 | 73.2% | +39 bp | -1.0% |
| FLLA | Franklin FTSE Latin America ETF | 51.4% | 0 bp | -1.2% |
| FLN | First Trust Latin America AlphaDEX Fund | 32.1% | +61 bp | -1.7% |
| JIVE | JPMorgan International Value ETF | 21.5% | +36 bp | -3.8% |
| BRAZ | Global X Brazil Active ETF | 16.7% | +56 bp | -1.1% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 14.9% | +56 bp | -5.5% |
| FNDE | Schwab Fundamental Emerging Markets Large Co. Index ETF | 12.1% | +20 bp | +1.0% |
| ILF | iShares Latin America 40 ETF | 11.6% | +29 bp | -2.1% |
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 11.3% | +56 bp | -5.3% |
| PXH | Invesco FTSE RAFI Emerging Markets ETF | 10.7% | +30 bp | +1.1% |
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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 8/9/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
12.3%
ALTAR SCORE™
98th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 215 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.7% and a standard deviation
of 2.3%. FLBR's ALTAR Score™ is approximately 2.1 standard
deviations above the category average. This places FLBR in the 98th percentile
among funds in the category.
Sell-Side Consensus
$25.85
PRICE TARGET
+17.6%
UPSIDE