FLBR ETF Explained: Returns, Expense Ratio, Holdings, and Alternative ETFs
The Franklin FTSE Brazil ETF is a passive single-country fund that diversifies across the Brazilian stock market, offering emerging market exposure and dividends at a very low fee. Expense ratio, currency, and volatility are the key items to check, comparison with other emerging market ETFs is the main selection criterion, and the trading ticker is FLBR.
SubscribeWhat Is the Franklin FTSE Brazil ETF?
It is a passive single-country ETF that tracks an index of large- and mid-cap Brazilian stocks at a very low fee. It spreads investments across the Brazilian market as a whole, which carries heavy weights in financials, materials, and energy.
It suits country-diversification investors who want to invest in the Brazilian stock market at a very low fee while accepting emerging market volatility and currency risk.
It is an ETF managed by Franklin using a passive (index-tracking) approach.
How Does the Franklin FTSE Brazil ETF Invest?
| Item | Details |
|---|---|
| Tracked Index | FTSE Brazil Index |
| Management Style | Passive (index tracking) |
| Rebalancing Frequency | Periodic (per index rules) |
| Dividend Frequency | Semiannual dividends |
| Total Expense Ratio | 0.19% |
The fund tracks an index of large- and mid-cap Brazilian stocks by market capitalization weight, while capping the weight of individual holdings. The Brazilian market carries heavy weights in financials, materials, and energy, so the performance of these sectors and commodity prices have a major impact on returns.
- Diversifies across the Brazilian stock market at a very low fee
- Reflects the characteristics of an emerging market centered on financials and materials
Franklin FTSE Brazil ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $566.8M, and the total expense ratio is 0.19% per year.
Unlike broad emerging market ETFs, it is concentrated in a single country, so it is strongly affected by the Brazilian economy, commodity prices, and the real exchange rate.
Franklin FTSE Brazil ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe Brazilian stock market reacts sensitively to commodity prices, emerging market risk appetite, Brazilian interest rates and politics, and the real exchange rate. It can perform strongly when commodities rally or emerging market risk appetite is high, but volatility can widen sharply when commodities weaken or political uncertainty grows.
Money tends to flow into Brazil ETFs when commodities are strong and interest in Brazil is rising, and it can leave quickly when the real weakens or risk aversion intensifies.
Franklin FTSE Brazil ETF Pros and Cons
Its strength is diversification across Brazil at a very low fee, while its weaknesses are single-country concentration and exposure to commodities and currency.
💪 Key Strengths
⚠️ Points to Watch
Franklin FTSE Brazil ETF Alternatives and Related Products
EWZ and others shown in the table are leading ETFs that also invest in Brazil, while INDA, MCHI, and FXI are ETFs for other emerging markets such as India and China. To go further into Brazil and Latin America, you can also compare Latin America ETF ILF, Brazil small-cap ETF EWZS, and Brazil small-cap ETF BRF. They differ in market capitalization range, region, and fees, so it is best to choose according to your investment style.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 EWT | iShares MSCI Taiwan ETF | $107.25 | +1.6% | $11.5B | 0.59% | 0.95% | +64.8% |
 EWZ | iShares MSCI Brazil ETF | $34.30 | +0.4% | $11.1B | 0.59% | 3.95% | +11.8% |
 INDA | iShares MSCI India ETF | $46.74 | +0.3% | $5.7B | 0.61% | - | -14.6% |
 MCHI | iShares MSCI China ETF | $49.08 | -0.1% | $5.5B | 0.59% | 2.23% | -25.2% |
 FLTW | Franklin FTSE Taiwan ETF | $103.21 | +1.6% | $4.7B | 0.19% | 1.59% | +65.1% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| VLO | Valero Energy Corp | 0.12% | $387.34 | -9.2% | $111.5B | 8.7 | 1.24% |
| VALE | Vale SA ADR | 0.11% | $11.84 | -1.3% | $48.2B | 25.0 | 8.34% |
| ITUB | Itau Unibanco Holding SA ADR | 0.19% | $7.67 | -0.4% | $41.4B | 10.0 | 7.64% |
| PBR-A | Petroleo Brasileiro SA Petrobras ADR | 0.30% | $19.76 | -0.7% | $53.8B | 5.0 | 7.51% |
 BBD | Banco Bradesco SA ADR | 0.08% | $2.91 | -0.7% | $16.2B | 6.1 | 10.16% |
Franklin FTSE Brazil ETF Investor Checkpoints
These are the points to review before investing in FLBR. As a Brazil country ETF, it is important to check single-country concentration, commodity dependence, currency exposure, and fee level in advance.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Confirm the very low fee of a passive single-country ETF | Very low |
| 🇧🇷 Country Concentration | Check Brazilian economic and political uncertainty | Concentrated |
| ⛏️ Commodity Dependence | Impact of commodity prices on performance | Sensitive |
| 💱 Currency | Check the impact of real exchange rate moves | Unhedged |
Because it is concentrated in a single country, it depends heavily on the Brazilian economy, politics, and commodity prices, and volatility can widen sharply when commodities weaken or political uncertainty grows. Investors who hold won should also consider that they bear real exchange rate fluctuations as well.
It is a passive ETF suited to country-diversification investors who want to invest in the Brazilian stock market at a very low fee. For diversification across emerging markets as a whole, a broad emerging market ETF is an option, while FLBR can be the alternative for those who want to focus on Brazil.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 5, 2026.
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