Franklin FTSE Brazil ETF
ALTAR
Score™		 12.2% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 9.6x P/Sales
ratio		 1.0x
P/BV
ratio		 1.3x Div.
yield		 5.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Franklin FTSE Brazil ETF tracks a market-cap-weighted index of Brazilian large- and midcap stocks.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Franklin Templeton
Website www.libertyshares.com
Inception date Nov 03, 2017
Assets (mns) $545
Currency USD
Expense ratio 19 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 75
Wgt avg mkt cap (mns) $22,752
Large cap (>$10bn) 61.2%
Mid cap ($2-10bn) 25.2%
Small cap (<$2bn) 2.4%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
VALE SA 11.5 %
ITAU UNIBANCO HOLDING SA 9.4 %
PETROBRAS - PETROLEO BRAS-PR 8.8 %
PETROBRAS - PETROLEO BRAS 8.0 %
BANCO BRADESCO SA-PREF 3.9 %
BM&FBOVESPA SA 3.8 %
ITAUSA-INVESTIMENTOS ITAU SA 3.2 %
CIA SANEAMENTO BASICO DE SP 3.1 %
BANCO BTG PACTUAL SA UNITS CONS OF 2.9 %
AXIA ENERGIA 2.9 %
Total 57.5 %

TOP COUNTRY EXPOSURE
BRAZIL 94.4 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
18.0% 37.9% 7.0% -- 5.1%

Market Correlations
versus... Beta R-squared
S&P500 1.03 24%
MSCI EAFE 1.03 39%
MSCI Emg. Mkts. 0.76 37%

Technical Indicators
Recent close $21.45
30d moving avg. $23.52
Annualized volatility 23.4%
Short interest (ETF) 0.5%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 230
Turnover 0.9%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $1,695

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 163 potential alternatives to the Franklin FTSE Brazil ETF ETF based on the alternatives' overlap in portfolio holdings with FLBR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FLBR Expense: 19 bp ALTAR Score™: 12.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLBR
Ticker Fund
Name		 Overlap1
vs FLBR
(%)		 Expense
ratio
(bp)		 Savings
vs FLBR
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FLBR
(%)
FLLA Franklin FTSE Latin America ETF 57.2 19 0 10.9 -1.3
FLN First Trust Latin America AlphaDEX Fund 32.6 80 -61 10.4 -1.9
JIVE JPMorgan International Value ETF 21.7 55 -36 8.4 -3.9
BRAZ Global X Brazil Active ETF 18.0 75 -56 10.8 -1.4
FTHF First Trust Emerging Markets Human Flourishing ETF 14.9 75 -56 5.8 -6.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 12.3 39 -20 13.7 +1.5
ILF iShares Latin America 40 ETF 11.9 48 -29 10.0 -2.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 11.2 75 -56 6.4 -5.9
DVYE iShares Emerging Markets Dividend ETF 10.4 49 -30 17.9 +5.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 10.3 44 -25 9.5 -2.7
PXH Invesco FTSE RAFI Emerging Markets ETF 9.6 49 -30 13.4 +1.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 9.4 67 -48 12.8 +0.5
ECOW Pacer Emerging Markets Cash Cows 100 ETF 8.8 70 -51 9.5 -2.7
BKF iShares MSCI BIC ETF 8.6 69 -50 14.9 +2.6
EMMF WisdomTree Emerging Markets Multifactor Fund 8.4 48 -29 8.4 -3.8
UEVM VictoryShares Emerging Markets Value Momentum ETF 8.3 45 -26 9.7 -2.6
RNEM First Trust Emerging Markets Equity Select ETF 8.1 75 -56 8.2 -4.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 7.8 29 -10 8.9 -3.4
XC WisdomTree Emerging Markets Ex-China Fund 7.2 32 -13 6.6 -5.6
FEM First Trust Emerging Markets AlphaDEX Fund 7.2 80 -61 9.0 -3.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 6.3 24 -5 5.2 -7.0
FRDM Freedom 100 Emerging Markets ETF 6.3 49 -30 5.3 -6.9
JADE JPMorgan Active Developing Markets Equity ETF 6.0 65 -46 6.1 -6.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 5.9 50 -31 8.1 -4.2
GVAL Cambria Global Value ETF 5.6 68 -49 9.0 -3.3
VEXC Vanguard Emerging Markets Ex-China ETF 5.2 7 12 5.7 -6.5
JHEM John Hancock Multifactor Emerging Markets ETF 5.0 49 -30 7.5 -4.7
DEM WisdomTree Emerging Markets High Dividend Fund 5.0 63 -44 10.3 -2.0
EDIV SPDR S&P Emerging Markets Dividend ETF 4.7 49 -30 9.1 -3.2
XCEM Columbia EM Core ex-China ETF 4.6 16 3 4.9 -7.3
SDIV Global X Superdividend ETF 4.4 58 -39 13.8 +1.5
XCNY SPDR S&P Emerging Markets ex-China ETF 4.3 15 4 5.7 -6.6
ECON Columbia Emerging Markets Consumer ETF 4.3 49 -30 6.6 -5.6
EVLU iShares MSCI Emerging Markets Value Factor ETF 4.3 35 -16 10.0 -2.2
NUEM Nuveen ESG Emerging Markets Equity ETF 4.2 36 -17 6.1 -6.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 4.2 32 -13 4.8 -7.4
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.1 60 -41 10.7 -1.5
STXE Strive Emerging Markets Ex-China ETF 4.1 32 -13 5.2 -7.0
FDEM Fidelity Emerging Markets Multifactor ETF 4.0 25 -6 10.4 -1.9
EWZS iShares MSCI Brazil Small-Cap ETF 3.9 59 -40 11.8 -0.4
EMXC iShares MSCI Emerging Markets ex China ETF 3.8 25 -6 5.1 -7.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 3.8 66 -47 7.2 -5.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 3.8 45 -26 8.1 -4.2
SCHE Schwab Emerging Markets Equity ETF 3.7 11 8 9.5 -2.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 3.6 15 4 8.0 -4.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 3.6 36 -17 7.6 -4.6
LDEM iShares ESG MSCI EM Leaders ETF 3.6 17 2 12.9 +0.6
BKEM BNY Mellon Emerging Markets Equity ETF 3.6 11 8 7.9 -4.3
PICK iShares MSCI Global Metals & Mining Producers ETF 3.6 39 -20 8.0 -4.3
EYLD Cambria Emerging Shareholder Yield ETF 3.6 66 -47 9.2 -3.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 3.6 40 -21 6.3 -6.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 3.6 95 -76 10.0 -2.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.5 60 -41 6.6 -5.6
CGW Invesco S&P Global Water Index ETF 3.5 57 -38 4.6 -7.6
EFRA iShares Environmental Infrastructure and Industrials ETF 3.5 47 -28 5.1 -7.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.4 46 -27 7.8 -4.5
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 3.4 88 -69 8.4 -3.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.4 59 -40 8.6 -3.7
ROAM Hartford Multifactor Emerging Markets ETF 3.4 44 -25 7.5 -4.7
RNRG Global X Renewable Energy Producers ETF 3.4 66 -47 4.3 -8.0
VWO Vanguard FTSE Emerging Markets ETF 3.3 7 12 9.2 -3.1
OTGL OTG Latin America ETF 3.1 269 -250 7.9 -4.3
PIO Invesco Global Water ETF 3.1 75 -56 4.5 -7.8
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 3.0 69 -50 7.4 -4.8
EEM iShares MSCI Emerging Markets ETF 3.0 69 -50 7.8 -4.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.0 33 -14 6.7 -5.5
DSTX Distillate International Fundamental Stability & Value ETF 2.8 55 -36 6.7 -5.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.8 30 -11 7.6 -4.6
IEMG iShares Core MSCI Emerging Markets ETF 2.8 9 10 8.2 -4.1
VCLN Virtus Duff & Phelps Clean Energy ETF 2.8 59 -40 2.2 -10.1
ESGE iShares ESG Aware MSCI EM ETF 2.8 25 -6 8.3 -4.0
ICLN iShares Global Clean Energy ETF 2.7 41 -22 1.7 -10.6
VIDI Vident International Equity Strategy ETF 2.6 61 -42 8.1 -4.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 2.6 15 4 8.8 -3.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.5 32 -13 7.4 -4.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 2.5 30 -11 8.0 -4.2
MOTI VanEck Morningstar International Moat ETF 2.5 58 -39 10.2 -2.0
EMGF iShares Emerging Markets Equity Factor ETF 2.4 25 -6 8.8 -3.4
EMXF iShares ESG Advanced MSCI EM ETF 2.4 16 3 6.7 -5.5
MOTG VanEck Morningstar Global Wide Moat ETF 2.3 52 -33 8.0 -4.3
CGXU Capital Group International Focus Equity ETF 2.2 54 -35 3.8 -8.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 2.1 25 -6 6.2 -6.1
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.1 90 -71 3.7 -8.5
DEHP Dimensional Emerging Markets High Profitability ETF 2.0 41 -22 4.8 -7.4
DFAE Dimensional Emerging Core Equity Market ETF 2.0 35 -16 7.0 -5.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.0 58 -39 8.4 -3.8
IQDF FlexShares International Quality Dividend Index Fund 2.0 47 -28 7.6 -4.7
IPAV Global X Infrastructure Development ex-U.S. ETF 2.0 55 -36 5.7 -6.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.9 47 -28 7.2 -5.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.9 20 -1 7.4 -4.9
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.9 58 -39 3.4 -8.9
VYMI Vanguard International High Dividend Yield ETF 1.9 17 2 8.1 -4.2
WWJD Inspire International ETF 1.9 80 -61 6.4 -5.8
JIG JPMorgan International Growth ETF 1.8 55 -36 3.6 -8.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.8 41 -22 6.9 -5.4
DWX SPDR S&P International Dividend ETF 1.8 45 -26 6.8 -5.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.6 38 -19 7.0 -5.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 1.5 42 -23 7.6 -4.6
SPEM SPDR Portfolio Emerging Markets ETF 1.4 7 12 9.5 -2.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.4 47 -28 5.0 -7.3
EMC Global X Emerging Markets Great Consumer ETF 1.3 75 -56 7.1 -5.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.3 41 -22 6.0 -6.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.2 33 -14 6.1 -6.2
FRGN Horizon International Equity ETF 1.2 75 -56 7.8 -4.5
SCHY Schwab International Dividend Equity ETF 1.2 14 5 8.5 -3.8
OAIM OneAscent International Equity ETF 1.2 95 -76 4.7 -7.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.2 18 1 6.4 -5.9
DFEV Dimensional Emerging Markets Value ETF 1.2 43 -24 9.4 -2.8
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.2 53 -34 5.1 -7.2
AVSE Avantis Responsible Emerging Markets Equity ETF 1.2 33 -14 6.6 -5.6
CUT Invesco MSCI Global Timber ETF 1.2 61 -42 8.6 -3.6
ERTH Invesco MSCI Sustainable Future ETF 1.2 62 -43 3.0 -9.2
WOOD iShares Global Timber & Forestry ETF 1.2 42 -23 11.7 -0.5
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.1 80 -61 12.2 -0.1
JSTC Adasina Social Justice All Cap Global ETF 1.1 89 -70 4.3 -7.9
AVES Avantis Emerging Markets Value ETF 1.1 36 -17 8.9 -3.3
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.0 70 -51 6.5 -5.8
ACWX iShares MSCI ACWI ex U.S. ETF 1.0 34 -15 6.4 -5.9
JXI iShares Global Utilities ETF 1.0 43 -24 5.2 -7.1
MEM Matthews Emerging Markets Equity Active ETF 0.9 79 -60 8.5 -3.8
VXUS Vanguard Total International Stock ETF 0.9 5 14 6.7 -5.6
EEMO Invesco S&P Emerging Markets Momentum ETF 0.9 29 -10 6.6 -5.7
IXUS iShares Core MSCI Total International Stock ETF 0.9 7 12 6.6 -5.7
FPXI First Trust International Equity Opportunities ETF 0.9 70 -51 3.7 -8.6
BLES Inspire Global Hope ETF 0.9 61 -42 5.7 -6.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.9 4 15 6.7 -5.5
AVEM Avantis Emerging Markets Equity ETF 0.8 33 -14 7.0 -5.2
MOO VanEck Agribusiness ETF 0.8 53 -34 9.2 -3.0
SUPL ProShares Supply Chain Logistics ETF 0.7 58 -39 7.4 -4.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.7 30 -11 6.4 -5.8
VSGX Vanguard ESG International Stock ETF 0.6 10 9 6.6 -5.7
DGT State Street SPDR Global Dow ETF 0.6 50 -31 5.7 -6.6
BRF VanEck Brazil Small-Cap ETF 0.6 66 -47 11.5 -0.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.6 65 -46 6.5 -5.8
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.5 45 -26 -0.9 -13.2
IGRO iShares International Dividend Growth ETF 0.4 15 4 6.8 -5.5
RCGE RockCreek Global Equality ETF 0.4 95 -76 6.2 -6.1
AQWA Global X Clean Water ETF 0.4 50 -31 5.1 -7.2
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 -11 6.5 -5.7
WRND IQ Global Equity R&D Leaders ETF 0.4 18 1 4.0 -8.2
ACWI iShares MSCI ACWI ETF 0.4 32 -13 4.6 -7.6
CGV Conductor Global Equity Value ETF 0.4 130 -111 7.7 -4.6
RWX SPDR Dow Jones International Real Estate ETF 0.4 59 -40 7.4 -4.9
OCEN IQ Clean Oceans ETF 0.3 45 -26 4.6 -7.7
VT Vanguard Total World Stock ETF 0.3 6 13 5.0 -7.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.3 42 -23 4.1 -8.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 7 4.4 -7.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 -1 4.7 -7.5
AQLT iShares MSCI Global Quality Factor ETF 0.3 18 1 0.0 -12.2
CGGO Capital Group Global Growth Equity ETF 0.3 47 -28 4.1 -8.2
CLNR IQ Cleaner Transport ETF 0.3 45 -26 3.9 -8.3
SHPP Pacer Industrials and Logistics ETF 0.3 60 -41 6.6 -5.7
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 -1 5.7 -6.5
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 9 8.6 -3.6
GLOF iShares Global Equity Factor ETF 0.2 20 -1 5.6 -6.7
EXI iShares Global Industrials ETF 0.2 42 -23 3.6 -8.7
IXG iShares Global Financials ETF 0.2 42 -23 6.3 -6.0
KLMT Invesco MSCI Global Climate 500 ETF 0.2 10 9 5.0 -7.3
DEW WisdomTree Global High Dividend Fund 0.1 58 -39 7.2 -5.0
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 -31 6.3 -5.9
IXJ iShares Global Healthcare ETF 0.1 42 -23 6.3 -5.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 10 4.9 -7.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.0 12 7 8.8 -3.5

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Franklin FTSE Brazil ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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™


Calculation of ALTAR Score™
Avg. Return on Equity 15.8 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 12.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.54 CATEGORY
AVERAGE		 1.53
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.