Franklin FTSE Brazil ETF
ALTAR
Score™		 12.4% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 7.8x P/Sales
ratio		 0.9x
P/BV
ratio		 1.2x Div.
yield		 4.0%


  • 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) $157
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 85
Wgt avg mkt cap (mns) $30,827
Large cap (>$10bn) 54.7%
Mid cap ($2-10bn) 31.3%
Small cap (<$2bn) 1.6%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
VALE SA 11.6 %
PETROBRAS - PETROLEO BRAS-PR 10.3 %
ITAU UNIBANCO HOLDING SA 7.5 %
PETROBRAS - PETROLEO BRAS 7.0 %
BM&FBOVESPA SA 3.3 %
BANCO BRADESCO SA-PREF 3.3 %
CENTRAIS ELETRICAS BRASILIER 2.6 %
WEG SA 2.5 %
AMBEV-SA 2.5 %
BANCO DO BRASIL SA 2.3 %
Total 52.8 %

TOP COUNTRY EXPOSURE
BRAZIL 95.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.3% 29.2% 2.0% -- 3.2%

Market Correlations
versus... Beta R-squared
S&P500 0.90 29%
MSCI EAFE 0.87 26%
MSCI Emg. Mkts. 0.76 21%

Technical Indicators
Recent close $18.63
30d moving avg. $20.01
Annualized volatility 29.5%
Short interest (ETF) 0.1%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 36
Turnover 0.4%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $2,656

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 162 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™: 12.4%


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 86.2 58 -39 11.8 -0.5
FLLA Franklin FTSE Latin America ETF 60.0 19 0 11.6 -0.7
FBZ First Trust Brazil AlphaDEX Fund 35.1 80 -61 11.6 -0.7
FLN First Trust Latin America AlphaDEX Fund 25.6 80 -61 10.9 -1.4
BRAZ Global X Brazil Active ETF 21.9 75 -56 10.1 -2.3
ILF iShares Latin America 40 ETF 16.0 48 -29 10.2 -2.1
PXH Invesco FTSE RAFI Emerging Markets ETF 14.0 49 -30 12.6 +0.3
DEM WisdomTree Emerging Markets High Dividend Fund 14.0 63 -44 12.8 +0.5
DVYE iShares Emerging Markets Dividend ETF 11.7 49 -30 16.7 +4.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 11.4 75 -56 9.6 -2.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 11.2 39 -20 12.7 +0.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 8.5 44 -25 10.3 -2.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 8.2 24 -5 7.0 -5.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 8.1 50 -31 10.6 -1.8
GVAL Cambria Global Value ETF 7.5 68 -49 12.7 +0.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 7.3 67 -48 17.1 +4.7
RNEM First Trust Emerging Markets Equity Select ETF 7.3 75 -56 8.4 -4.0
XCEM Columbia EM Core ex-China ETF 7.2 16 3 7.3 -5.1
BKF iShares MSCI BIC ETF 6.9 69 -50 7.3 -5.0
EEMO Invesco S&P Emerging Markets Momentum ETF 6.8 29 -10 6.3 -6.1
EMMF WisdomTree Emerging Markets Multifactor Fund 6.7 48 -29 9.4 -3.0
STXE Strive Emerging Markets Ex-China ETF 6.6 32 -13 6.9 -5.5
EDOG ALPS Emerging Sector Dividend Dogs ETF 6.6 60 -41 14.6 +2.2
EMXC iShares MSCI Emerging Markets ex China ETF 6.5 25 -6 6.6 -5.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 6.5 32 -13 7.6 -4.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 6.5 95 -76 11.5 -0.9
FEM First Trust Emerging Markets AlphaDEX Fund 6.3 80 -61 16.4 +4.1
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 6.2 18 1 7.9 -4.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 6.0 29 -10 8.2 -4.1
JHEM John Hancock Multifactor Emerging Markets ETF 5.9 49 -30 8.4 -3.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 5.9 45 -26 12.8 +0.5
SCHE Schwab Emerging Markets Equity ETF 5.8 11 8 7.6 -4.7
XC WisdomTree Emerging Markets Ex-China Fund 5.5 32 -13 6.2 -6.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 5.4 36 -17 7.5 -4.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 5.4 45 -26 8.6 -3.7
BKEM BNY Mellon Emerging Markets Equity ETF 5.3 11 8 7.8 -4.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 5.3 66 -47 7.3 -5.1
EEMD AAM S&P Emerging Markets High Dividend Value ETF 5.3 49 -30 19.0 +6.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 5.2 88 -69 6.1 -6.2
VWO Vanguard FTSE Emerging Markets ETF 5.0 8 11 7.7 -4.7
NUEM Nuveen ESG Emerging Markets Equity ETF 5.0 36 -17 6.9 -5.5
EWZS iShares MSCI Brazil Small-Cap ETF 4.8 59 -40 8.1 -4.3
EMGF iShares Emerging Markets Equity Factor ETF 4.8 25 -6 8.7 -3.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 4.7 59 -40 9.6 -2.7
EMXF iShares ESG Advanced MSCI EM ETF 4.7 16 3 7.5 -4.8
MEM Matthews Emerging Markets Equity Active ETF 4.6 79 -60 5.8 -6.6
ESGE iShares ESG Aware MSCI EM ETF 4.5 25 -6 7.7 -4.6
LDEM iShares ESG MSCI EM Leaders ETF 4.5 17 2 7.9 -4.5
ECON Columbia Emerging Markets Consumer ETF 4.5 49 -30 4.8 -7.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 4.4 32 -13 6.3 -6.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 4.3 20 -1 7.6 -4.8
DEHP Dimensional Emerging Markets High Profitability ETF 4.3 41 -22 7.3 -5.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 4.3 30 -11 7.5 -4.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 4.1 33 -14 7.2 -5.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 4.1 15 4 7.1 -5.2
EEM iShares MSCI Emerging Markets ETF 4.1 69 -50 7.0 -5.3
ROAM Hartford Multifactor Emerging Markets ETF 4.1 44 -25 11.7 -0.6
IEMG iShares Core MSCI Emerging Markets ETF 4.0 9 10 7.6 -4.8
DFEV Dimensional Emerging Markets Value ETF 3.9 43 -24 11.0 -1.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.8 46 -27 8.9 -3.5
DFAE Dimensional Emerging Core Equity Market ETF 3.7 35 -16 7.8 -4.6
CGV Conductor Global Equity Value ETF 3.6 130 -111 11.3 -1.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 3.5 41 -22 7.9 -4.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 3.4 38 -19 8.3 -4.1
FRDM Freedom 100 Emerging Markets ETF 3.3 49 -30 7.3 -5.1
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.1 60 -41 10.1 -2.3
EYLD Cambria Emerging Shareholder Yield ETF 3.1 66 -47 12.2 -0.2
RNRG Global X Renewable Energy Producers ETF 2.9 66 -47 4.9 -7.4
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.9 58 -39 4.6 -7.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.8 70 -51 11.3 -1.1
CUT Invesco MSCI Global Timber ETF 2.8 61 -42 8.4 -3.9
WOOD iShares Global Timber & Forestry ETF 2.8 42 -23 9.5 -2.9
EMC Global X Emerging Markets Great Consumer ETF 2.7 75 -56 4.9 -7.5
IPKW Invesco International BuyBack Achievers ETF 2.7 55 -36 9.2 -3.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.6 30 -11 8.6 -3.8
FDEM Fidelity Emerging Markets Multifactor ETF 2.5 25 -6 12.0 -0.4
VYMI Vanguard International High Dividend Yield ETF 2.5 22 -3 9.8 -2.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.5 58 -39 10.1 -2.3
SPEM SPDR Portfolio Emerging Markets ETF 2.4 7 12 7.6 -4.8
FILL iShares MSCI Global Energy Producers ETF 2.4 39 -20 9.1 -3.3
VIDI Vident International Equity Strategy ETF 2.3 61 -42 12.1 -0.3
PICK iShares MSCI Global Metals & Mining Producers ETF 2.2 39 -20 10.8 -1.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 2.2 20 -1 10.8 -1.5
SDIV Global X Superdividend ETF 2.1 58 -39 18.0 +5.7
ERTH Invesco MSCI Sustainable Future ETF 2.0 62 -43 3.7 -8.7
BPAY BlackRock Future Financial and Technology ETF 2.0 70 -51 8.2 -4.2
DSTX Distillate International Fundamental Stability & Value ETF 2.0 55 -36 8.0 -4.4
WWJD Inspire International ETF 1.9 80 -61 7.1 -5.2
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.9 90 -71 6.8 -5.5
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 1.8 45 -26 6.4 -6.0
AVES Avantis Emerging Markets Value ETF 1.8 36 -17 12.2 -0.1
MOTG VanEck Morningstar Global Wide Moat ETF 1.7 52 -33 5.8 -6.6
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.7 80 -61 14.1 +1.8
DEW WisdomTree Global High Dividend Fund 1.6 58 -39 9.3 -3.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.6 40 -21 7.2 -5.2
IQDF FlexShares International Quality Dividend Index Fund 1.6 47 -28 10.7 -1.6
SCHY Schwab International Dividend Equity ETF 1.6 14 5 9.3 -3.0
ICLN iShares Global Clean Energy ETF 1.5 41 -22 4.2 -8.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.5 70 -51 7.3 -5.1
EMM Global X Emerging Markets ex-China ETF 1.5 75 -56 3.7 -8.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.4 41 -22 6.7 -5.7
AVEM Avantis Emerging Markets Equity ETF 1.4 33 -14 9.2 -3.1
IQDE FlexShares International Quality Dividend Defensive Index ET 1.4 47 -28 10.8 -1.6
ACWX iShares MSCI ACWI ex U.S. ETF 1.4 34 -15 6.7 -5.6
VXUS Vanguard Total International Stock ETF 1.3 7 12 7.2 -5.2
SUPL ProShares Supply Chain Logistics ETF 1.3 58 -39 12.8 +0.5
MOO VanEck Agribusiness ETF 1.3 53 -34 9.4 -3.0
JSTC Adasina Social Justice All Cap Global ETF 1.3 89 -70 4.7 -7.6
IXUS iShares Core MSCI Total International Stock ETF 1.2 7 12 6.9 -5.4
AQWA Global X Clean Water ETF 1.2 50 -31 4.4 -8.0
PIO Invesco Global Water ETF 1.2 75 -56 4.9 -7.5
EFRA iShares Environmental Infrastructure and Industrials ETF 1.2 47 -28 5.3 -7.1
IWTR iShares MSCI Water Management Multisector ETF 1.2 47 -28 4.9 -7.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.2 30 -11 7.8 -4.6
VEU Vanguard FTSE All-World ex-US Index Fund 1.2 8 11 7.2 -5.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.1 47 -28 10.3 -2.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.0 47 -28 6.0 -6.4
VSGX Vanguard ESG International Stock ETF 1.0 12 7 6.8 -5.5
BNE Blue Horizon BNE ETF 1.0 87 -68 5.0 -7.4
MOTI VanEck Morningstar International Moat ETF 0.9 58 -39 7.1 -5.3
BLES Inspire Global Hope ETF 0.9 61 -42 6.3 -6.0
RODE Hartford Multifactor Diversified International ETF 0.9 29 -10 11.6 -0.8
VEGI iShares MSCI Agriculture Producers ETF 0.7 39 -20 9.2 -3.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.7 42 -23 6.8 -5.6
EMIF iShares Emerging Markets Infrastructure ETF 0.7 60 -41 4.7 -7.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.7 25 -6 7.0 -5.3
BRF VanEck Brazil Small-Cap ETF 0.7 66 -47 7.8 -4.6
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.6 60 -41 1.0 -11.3
CWI SPDR MSCI ACWI ex-US ETF 0.6 30 -11 6.8 -5.5
GLOF iShares Global Equity Factor ETF 0.6 20 -1 7.0 -5.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.6 65 -46 7.7 -4.6
JXI iShares Global Utilities ETF 0.6 43 -24 7.0 -5.4
GLIF AGF Global Infrastructure ETF 0.5 45 -26 5.5 -6.9
ACWI iShares MSCI ACWI ETF 0.5 32 -13 5.5 -6.9
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.5 46 -27 5.7 -6.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.5 10 9 8.1 -4.3
VT Vanguard Total World Stock ETF 0.5 7 12 5.8 -6.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.5 12 7 5.1 -7.3
CGUS Capital Group Core Equity ETF 0.5 33 -14 4.7 -7.7
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.4 86 -67 2.0 -10.4
IGRO iShares International Dividend Growth ETF 0.4 15 4 7.1 -5.2
DGT SPDR Global Dow ETF 0.4 50 -31 6.7 -5.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 -1 5.6 -6.8
IXG iShares Global Financials ETF 0.4 42 -23 7.0 -5.4
JRNY ALPS Global Travel Beneficiaries ETF 0.4 65 -46 0.0 -12.4
BLLD JPMorgan Sustainable Infrastructure ETF 0.4 49 -30 6.3 -6.1
EXI iShares Global Industrials ETF 0.3 42 -23 4.6 -7.7
RWX SPDR Dow Jones International Real Estate ETF 0.3 59 -40 7.2 -5.2
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.3 39 -20 -1.4 -13.8
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 0.3 75 -56 5.3 -7.0
CLNR IQ Cleaner Transport ETF 0.3 45 -26 8.2 -4.1
HAP VanEck Natural Resources ETF 0.2 50 -31 9.5 -2.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.2 86 -67 2.1 -10.3
FTRI First Trust Indxx Global Natural Resources Income ETF 0.2 70 -51 10.7 -1.6
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 7 8.7 -3.7
EDIV SPDR S&P Emerging Markets Dividend ETF 0.2 49 -30 11.1 -1.3
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 -1 6.8 -5.6
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 -31 6.9 -5.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 10 5.7 -6.6
KXI iShares Global Consumer Staples ETF 0.1 41 -22 5.8 -6.6
IXJ iShares Global Healthcare ETF 0.1 42 -23 6.2 -6.2
RXI iShares Global Consumer Discretionary ETF 0.1 41 -22 5.6 -6.8

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
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

Content on this tab for subscribers only

VALUATION METRICS
  2023 2024E 2025E
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 14.7 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 12.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.49 CATEGORY
AVERAGE		 1.39
 
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.