Franklin FTSE Brazil ETF
ALTAR
Score™		 15.3% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 7.3x P/Sales
ratio		 0.7x
P/BV
ratio		 1.0x Div.
yield		 7.2%


  • 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) $178
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 87
Wgt avg mkt cap (mns) $26,804
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 10.7 %
PETROBRAS - PETROLEO BRAS-PR 9.7 %
ITAU UNIBANCO HOLDING SA 8.1 %
PETROBRAS - PETROLEO BRAS 7.1 %
WEG SA 3.6 %
BM&FBOVESPA SA 3.1 %
BANCO BRADESCO SA-PREF 3.1 %
AMBEV-SA 2.9 %
EMPRESA BRAS DE AERONAUTICA 2.8 %
ITAUSA-INVESTIMENTOS ITAU SA 2.6 %
Total 53.7 %

TOP COUNTRY EXPOSURE
BRAZIL 93.9 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
7.1% -21.3% -1.9% -- -0.9%

Market Correlations
versus... Beta R-squared
S&P500 1.08 43%
MSCI EAFE 1.05 41%
MSCI Emg. Mkts. 0.76 22%

Technical Indicators
Recent close $16.64
30d moving avg. $16.03
Annualized volatility 28.4%
Short interest (ETF) 1.4%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 102
Turnover 1.0%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $1,695

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 158 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™: 15.3%


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
(%)
EWZ iShares MSCI Brazil ETF 79.1 58 -39 13.7 -1.7
FLLA Franklin FTSE Latin America ETF 57.2 19 0 13.5 -1.9
FBZ First Trust Brazil AlphaDEX Fund 41.4 80 -61 13.4 -2.0
FLN First Trust Latin America AlphaDEX Fund 35.2 80 -61 10.6 -4.8
FTHF First Trust Emerging Markets Human Flourishing ETF 15.6 75 -56 9.8 -5.5
BRAZ Global X Brazil Active ETF 14.4 75 -56 13.1 -2.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 13.0 75 -56 10.3 -5.1
DVYE iShares Emerging Markets Dividend ETF 12.7 49 -30 18.9 +3.6
ILF iShares Latin America 40 ETF 12.4 48 -29 13.5 -1.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 11.0 44 -25 11.0 -4.3
PXH Invesco FTSE RAFI Emerging Markets ETF 10.1 49 -30 16.7 +1.3
DEM WisdomTree Emerging Markets High Dividend Fund 9.8 63 -44 13.6 -1.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 9.6 29 -10 8.7 -6.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 9.4 39 -20 16.9 +1.6
FEM First Trust Emerging Markets AlphaDEX Fund 9.0 80 -61 13.8 -1.5
EMMF WisdomTree Emerging Markets Multifactor Fund 8.3 48 -29 7.8 -7.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 7.9 70 -51 15.8 +0.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 7.4 88 -69 10.3 -5.1
SDEM Global X MSCI SuperDividend Emerging Markets ETF 7.4 67 -48 13.3 -2.1
RNEM First Trust Emerging Markets Equity Select ETF 6.6 75 -56 1.0 -14.3
ICLN iShares Global Clean Energy ETF 6.5 41 -22 6.4 -9.0
BKF iShares MSCI BIC ETF 6.4 69 -50 13.0 -2.4
EWZS iShares MSCI Brazil Small-Cap ETF 6.3 59 -40 13.3 -2.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 6.3 24 -5 8.3 -7.0
XCEM Columbia EM Core ex-China ETF 5.9 16 3 8.5 -6.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 5.9 45 -26 11.1 -4.3
STXE Strive Emerging Markets Ex-China ETF 5.5 32 -13 8.2 -7.2
FRDM Freedom 100 Emerging Markets ETF 5.2 49 -30 9.1 -6.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 5.2 95 -76 13.1 -2.3
EMXC iShares MSCI Emerging Markets ex China ETF 5.2 25 -6 8.0 -7.4
GVAL Cambria Global Value ETF 5.1 68 -49 11.3 -4.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 5.1 32 -13 7.0 -8.3
VCLN Virtus Duff & Phelps Clean Energy ETF 5.0 59 -40 6.2 -9.2
XCNY SPDR S&P Emerging Markets ex-China ETF 5.0 15 4 0.0 -15.3
FDEM Fidelity Emerging Markets Multifactor ETF 4.5 25 -6 13.5 -1.8
ECON Columbia Emerging Markets Consumer ETF 4.3 49 -30 12.9 -2.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 4.3 35 -16 21.6 +6.2
JHEM John Hancock Multifactor Emerging Markets ETF 4.1 49 -30 10.5 -4.8
SCHE Schwab Emerging Markets Equity ETF 4.0 11 8 11.6 -3.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 4.0 50 -31 11.6 -3.8
PICK iShares MSCI Global Metals & Mining Producers ETF 3.9 39 -20 14.1 -1.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 3.9 20 -1 11.3 -4.1
EMM Global X Emerging Markets ex-China ETF 3.8 75 -56 5.0 -10.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 3.8 45 -26 11.0 -4.3
ROAM Hartford Multifactor Emerging Markets ETF 3.7 44 -25 11.3 -4.1
BKEM BNY Mellon Emerging Markets Equity ETF 3.6 11 8 11.8 -3.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.6 59 -40 13.7 -1.7
SDIV Global X Superdividend ETF 3.6 58 -39 13.9 -1.5
EMGF iShares Emerging Markets Equity Factor ETF 3.6 25 -6 12.4 -2.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 3.6 36 -17 11.2 -4.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 3.5 66 -47 10.2 -5.2
EEM iShares MSCI Emerging Markets ETF 3.5 69 -50 10.7 -4.6
VWO Vanguard FTSE Emerging Markets ETF 3.5 8 11 10.9 -4.5
XC WisdomTree Emerging Markets Ex-China Fund 3.5 32 -13 5.5 -9.8
NUEM Nuveen ESG Emerging Markets Equity ETF 3.4 36 -17 8.1 -7.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 3.4 15 4 10.8 -4.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 3.3 15 4 8.6 -6.7
ESGE iShares ESG Aware MSCI EM ETF 3.3 25 -6 10.7 -4.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.3 60 -41 8.0 -7.4
EDOG ALPS Emerging Sector Dividend Dogs ETF 3.2 60 -41 11.0 -4.3
IEMG iShares Core MSCI Emerging Markets ETF 3.2 9 10 10.9 -4.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 3.1 30 -11 10.6 -4.8
LDEM iShares ESG MSCI EM Leaders ETF 3.1 17 2 12.9 -2.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.0 33 -14 10.6 -4.8
ICOP iShares Copper and Metals Mining ETF 2.9 47 -28 10.0 -5.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.9 46 -27 10.4 -4.9
RNRG Global X Renewable Energy Producers ETF 2.9 66 -47 6.1 -9.3
VIDI Vident International Equity Strategy ETF 2.8 61 -42 12.0 -3.4
EMC Global X Emerging Markets Great Consumer ETF 2.8 75 -56 8.5 -6.9
EMXF iShares ESG Advanced MSCI EM ETF 2.7 16 3 8.4 -6.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 2.7 40 -21 5.6 -9.8
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.7 90 -71 8.4 -6.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.7 32 -13 9.6 -5.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 2.7 42 -23 6.8 -8.6
DEHP Dimensional Emerging Markets High Profitability ETF 2.6 41 -22 6.5 -8.8
IWTR iShares MSCI Water Management Multisector ETF 2.6 47 -28 6.5 -8.9
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.6 58 -39 5.5 -9.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.5 30 -11 9.3 -6.0
MOTI VanEck Morningstar International Moat ETF 2.4 58 -39 12.8 -2.5
AVES Avantis Emerging Markets Value ETF 2.3 36 -17 12.2 -3.1
DFAE Dimensional Emerging Core Equity Market ETF 2.3 35 -16 10.2 -5.2
EYLD Cambria Emerging Shareholder Yield ETF 2.3 66 -47 13.1 -2.3
FILL iShares MSCI Global Energy Producers ETF 2.3 39 -20 11.4 -3.9
AQWA Global X Clean Water ETF 2.3 50 -31 5.0 -10.3
CGW Invesco S&P Global Water Index ETF 2.3 57 -38 4.8 -10.6
PIO Invesco Global Water ETF 2.3 75 -56 4.9 -10.4
EFRA iShares Environmental Infrastructure and Industrials ETF 2.3 47 -28 4.4 -11.0
DSTX Distillate International Fundamental Stability & Value ETF 2.1 55 -36 8.4 -6.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 2.1 38 -19 9.9 -5.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.1 58 -39 10.1 -5.2
BLLD JPMorgan Sustainable Infrastructure ETF 2.1 49 -30 4.8 -10.5
EEMO Invesco S&P Emerging Markets Momentum ETF 2.0 29 -10 6.2 -9.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.0 41 -22 9.4 -6.0
WWJD Inspire International ETF 2.0 80 -61 7.6 -7.8
CUT Invesco MSCI Global Timber ETF 1.9 61 -42 9.1 -6.2
WOOD iShares Global Timber & Forestry ETF 1.9 42 -23 9.5 -5.8
BRF VanEck Brazil Small-Cap ETF 1.7 66 -47 12.9 -2.4
SPEM SPDR Portfolio Emerging Markets ETF 1.7 7 12 10.9 -4.4
ERTH Invesco MSCI Sustainable Future ETF 1.6 62 -43 2.5 -12.9
DFEV Dimensional Emerging Markets Value ETF 1.6 43 -24 14.5 -0.9
VYMI Vanguard International High Dividend Yield ETF 1.6 22 -3 10.0 -5.4
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.6 80 -61 13.6 -1.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.5 70 -51 7.8 -7.6
DEW WisdomTree Global High Dividend Fund 1.5 58 -39 7.7 -7.6
IQDF FlexShares International Quality Dividend Index Fund 1.5 47 -28 9.5 -5.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.4 47 -28 9.0 -6.4
CGV Conductor Global Equity Value ETF 1.4 130 -111 9.2 -6.2
RODE Hartford Multifactor Diversified International ETF 1.4 29 -10 9.9 -5.5
AVEM Avantis Emerging Markets Equity ETF 1.2 33 -14 9.7 -5.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 1.2 25 -6 6.5 -8.9
SCHY Schwab International Dividend Equity ETF 1.2 14 5 9.8 -5.6
MOO VanEck Agribusiness ETF 1.2 53 -34 10.8 -4.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.2 47 -28 5.7 -9.7
CGXU Capital Group International Focus Equity ETF 1.1 54 -35 5.9 -9.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.1 18 1 8.1 -7.2
ACWX iShares MSCI ACWI ex U.S. ETF 1.0 34 -15 8.1 -7.2
BLES Inspire Global Hope ETF 1.0 61 -42 6.9 -8.5
MEM Matthews Emerging Markets Equity Active ETF 1.0 79 -60 8.5 -6.9
IXUS iShares Core MSCI Total International Stock ETF 1.0 7 12 8.3 -7.0
EDIV SPDR S&P Emerging Markets Dividend ETF 1.0 49 -30 11.6 -3.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.0 41 -22 7.1 -8.2
VXUS Vanguard Total International Stock ETF 1.0 7 12 8.3 -7.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.9 8 11 8.5 -6.9
SUPL ProShares Supply Chain Logistics ETF 0.9 58 -39 5.4 -10.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.8 30 -11 8.6 -6.7
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.8 60 -41 13.3 -2.1
VSGX Vanguard ESG International Stock ETF 0.7 12 7 8.2 -7.2
EMIF iShares Emerging Markets Infrastructure ETF 0.7 60 -41 7.9 -7.5
SDG iShares MSCI Global Sustainable Development Goals ETF 0.7 49 -30 6.0 -9.4
VEGI iShares MSCI Agriculture Producers ETF 0.6 39 -20 8.8 -6.6
JSTC Adasina Social Justice All Cap Global ETF 0.5 89 -70 4.5 -10.9
CWI SPDR MSCI ACWI ex-US ETF 0.5 30 -11 8.2 -7.2
SHPP Pacer Industrials and Logistics ETF 0.5 60 -41 5.1 -10.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.5 65 -46 8.1 -7.3
GLOF iShares Global Equity Factor ETF 0.4 20 -1 7.0 -8.4
DGT SPDR Global Dow ETF 0.4 50 -31 8.1 -7.2
ACWI iShares MSCI ACWI ETF 0.4 32 -13 6.1 -9.3
FPXI First Trust International Equity Opportunities ETF 0.4 70 -51 3.9 -11.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 7 5.2 -10.2
JXI iShares Global Utilities ETF 0.4 43 -24 6.0 -9.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 -1 6.3 -9.0
VT Vanguard Total World Stock ETF 0.3 7 12 6.4 -9.0
IGRO iShares International Dividend Growth ETF 0.3 15 4 7.3 -8.1
RWX SPDR Dow Jones International Real Estate ETF 0.3 59 -40 5.9 -9.5
OCEN IQ Clean Oceans ETF 0.3 45 -26 5.7 -9.6
EXI iShares Global Industrials ETF 0.3 42 -23 4.9 -10.5
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 9 6.1 -9.3
IPAV Global X Infrastructure Development ex-U.S. ETF 0.3 55 -36 4.5 -10.9
CLNR IQ Cleaner Transport ETF 0.2 45 -26 7.3 -8.1
IXG iShares Global Financials ETF 0.2 42 -23 8.1 -7.3
IPKW Invesco International BuyBack Achievers ETF 0.2 55 -36 15.3 -0.0
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.1 10 9 7.5 -7.8
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 -1 7.6 -7.8
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 -31 2.9 -12.5
VIGI Vanguard International Dividend Appreciation ETF 0.1 15 4 6.2 -9.1
IXJ iShares Global Healthcare ETF 0.1 42 -23 6.6 -8.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 10 6.0 -9.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.0 12 7 7.7 -7.7

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 1.0 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 15.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.52 CATEGORY
AVERAGE		 1.50
 
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.