ETF Evaluator:
Franklin FTSE Brazil ETF (FLBR)
Follow This ETF
(as of Jul 31)
Best Performing in Focused Region Over the Last Year
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Risk
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ETF Details
Franklin FTSE Brazil ETF Overview
Franklin FTSE Brazil ETF (FLBR) is a passively managed International Equity Focused Region exchange-traded fund (ETF). Franklin Templeton Investments launched the ETF in 2017.
The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Brazil RIC Capped Index (the FTSE Brazil Capped Index).
Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the FTSE Brazil Capped Index and in depositary receipts representing such securities. The FTSE Brazil Capped Index is based on the FTSE Brazil Index and is designed to measure the performance of Brazilian large- and mid-capitalization stocks. The fund is non-diversified.
About Franklin FTSE Brazil ETF (FLBR)
There are 4 members of the management team with an average tenure of 5.77 years: Hailey Harris (2019), Dina Ting (2017), Basit Amin (2022) and Joe Diederich (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: FTSE Brazil NR USD index with a weighting of 100% and FTSE Brazil RIC Capped NR USD index with a weighting of 100%. Franklin FTSE Brazil ETF has 72 securities in its portfolio. The top 10 holdings constitute 54.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Franklin FTSE Brazil ETF is part of the Equity global asset class and is within the International Equity ETF group. Franklin FTSE Brazil ETF has 97.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 97.5% allocated to foreign stock, and 1.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Franklin FTSE Brazil ETF has 1.6% of the portfolio in cash.
Assets Under Management
The fund has $518 million in total assets, which is below the $1 billion average for the Focused Region category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FLBR Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Franklin FTSE Brazil ETF expense ratio is low compared to funds in the Focused Region category. Franklin FTSE Brazil ETF has an expense ratio of 0.19%, which is 63% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Franklin FTSE Brazil ETF has a portfolio turnover rate of 14%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 26% for the Focused Region category.
Recently, in the month of June 2026, Franklin FTSE Brazil ETF returned -3.5%, which earned it a grade of D, as the Focused Region category had an average return of -2.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Franklin FTSE Brazil ETF has a trailing yield of 6.05%, which is above the 5.65% category average.
The fund normally distributes its income semi-annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Franklin FTSE Brazil ETF Grades
Year to date, the ETF has returned 13.3%, 4.2 percentage points better than the category, which translates into a grade of A. The fund has returned 28.2% over the past year (grade of B), 10.6% over the past three years (grade of D) and 5.6% per year over the past five years (grade of D).
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FLBR Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FLBR Return (NAV) | -3.5% | -8.1% | 28.2% | 10.6% | 5.6% | na |
| FLBR Return (Price) | -3.6% | -9.3% | 27.3% | 10.4% | 5.5% | na |
| NAV +/- Price Return | 0.150% | 1.245% | 0.928% | 0.247% | 0.167% | na |
| Focused Region Avg | -2.1% | 5.8% | 27.1% | 86.8% | 8.6% | 8.7% |
| FLBR Grade (NAV) | D | F | B | D | D | na |
| +/- Category (NAV) | -1.4% | -13.8% | 1.1% | -76.2% | -3.0% | na |
| FLBR Tax-Cost Ratio | na | na | 2.6% | 2.6% | 3.4% | na |
FLBR Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FLBR Return (NAV) | 13.3% | 45.9% | -27.8% | 33.2% | 11.3% | -17.3% | -19.4% | 27.4% | -0.9% | na | na |
| FLBR Return (Price) | 13.7% | 45.6% | -27.7% | 33.3% | 10.6% | -16.7% | -20.0% | 28.4% | -2.2% | na | na |
| NAV +/- Price Ret | 0.035% | -0.008% | -0.006% | 0.005% | -0.066% | -0.031% | 0.031% | 3.7% | 146.5% | na | na |
| Focused Region Avg | 9.1% | 40.1% | 7.5% | 33.4% | -15.0% | 8.3% | 3.6% | 20.0% | -13.7% | 26.4% | 13.0% |
| FLBR Grade (NAV) | A | B | F | A | A | F | F | B | A | na | na |
| +/- Category | 4.2% | 5.8% | -35.3% | -0.3% | 26.3% | -25.5% | -23.0% | 7.4% | 12.8% | na | na |
| Risk Measures | |
| Beta: | 0.96 |
| R-Squared: | 34% |
| Standard Deviation: | 22.8% |
| Category Risk Index: | 0.28 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.88 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 6.1% |
| Total Assets: | $ 518 Mil |
| Share Class Assets: | $ 518 Mil |
| Turnover: | 14.0% |
| Expense Ratio: | 0.19% |
| Index Fund: | Yes |
| Index Tracked: | FTSE Brazil NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Semi-Annually |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 8.7 years | |||
| Average Tenure: 5.8 years | |||
| Managers (Year): Ting Dina (2017), Harris Hailey (2019), Amin Basit (2022), Diederich Joe (2022) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 72 |
| % in Top 10 Holdings: | 54.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 97.5% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 97.5% |
| Preferred Stock: | 1.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Franklin Templeton Investments |
| Phone Number: | 800-342-5236 |
| Website: | etf.franklintempleton.com |
| Inception Date: | November 3, 2017 |
Expenses and Fees
| Expense Ratio (%): | 0.19% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.52% |
