FLLA ETF: What Is It? Returns, Expense Ratio, Holdings and Alternative ETFs
The Franklin FTSE Latin America ETF (FLLA) is a low-cost regional ETF that tracks large- and mid-cap Latin American stocks on a market-cap-weighted basis, centered on Brazil and Mexico. Key points of interest include diversified emerging-market exposure, dividends and outlook, and how its fees and liquidity compare with ILF.
SubscribeWhat Is the Franklin FTSE Latin America ETF?
It is a regional ETF that tracks the FTSE Latin America Index and holds large- and mid-cap Latin American stocks on a market-cap-weighted basis, centered on Brazil and Mexico.
It suits long-term investors who want low-cost, diversified exposure to Latin America within the emerging markets.
The ETF is managed passively (index-tracking) by Franklin Templeton.
How Do You Invest in the Franklin FTSE Latin America ETF?
| Item | Details |
|---|---|
| Tracked Index | FTSE Latin America |
| Management Style | Passive (index-tracking) |
| Rebalancing Frequency | Semiannual |
| Dividend Frequency | Semiannual |
| Issuer | Franklin Templeton |
| Total Expense Ratio | 0.19% |
The fund holds the constituents of the FTSE Latin America Index at their market-cap weights, tracking the overall performance of major Latin American equity markets such as Brazil and Mexico. Index changes are reflected following the index provider's regular reviews, and the fund captures regional market trends as they are, without any separate stock selection.
- Diversified exposure to the entire Latin American region through a single holding
- The low-fee structure of Franklin's country and regional series
Franklin FTSE Latin America ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $119.5M, and the total expense ratio is 0.19% per year.
Compared with ILF, which offers the same Latin American exposure, there are differences in index provider and breadth of holdings, so fees and liquidity become the selection criteria.
Franklin FTSE Latin America ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeLatin American equities react sensitively to commodity prices, exchange rates and local interest rate policy, which makes them fairly volatile, and return patterns tend to diverge depending on global risk appetite and the strength of the dollar.
Latin American regional ETFs tend to repeat a pattern in which money flows in when emerging-market risk appetite improves and flows out during periods of a strong dollar and weak commodities, and their asset size falls in the small-to-mid range within the regional category.
Franklin FTSE Latin America ETF Pros and Cons
Its strength is low-cost, diversified exposure to all of Latin America in one step, while its weakness is concentration risk in specific countries, currencies and commodities.
💪 Key Strengths
⚠️ Points to Watch
Franklin FTSE Latin America ETF Alternatives and Related Products
ILF, shown in the table, also offers the same broad Latin American exposure, but differs in index provider and breadth of holdings. The three funds displayed alongside it, EZU, VPL and AIA, are other regional ETFs covering Europe, the Pacific and Asia respectively, with different fees and target regions, and they also differ in management style from active products such as BDYN. To narrow the focus to a single country, you can also consider country ETFs such as EWZ for Brazil-only exposure and EWW for Mexico-only exposure.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 EZU | iShares MSCI EMU ETF | $64.63 | -0.6% | $9.1B | 0.50% | 2.85% | +3.1% |
 VPL | Vanguard FTSE Pacific ETF | $108.81 | +0.1% | $8.4B | 0.07% | 2.22% | +20.3% |
 AIA | iShares Asia 50 ETF | $127.69 | +0.9% | $4.5B | 0.50% | 0.98% | +32.8% |
 ILF | iShares Latin America 40 ETF | $37.70 | +1.3% | $4.0B | 0.47% | 2.59% | +32.0% |
 BDYN | iShares Dynamic Equity Active ETF | $27.21 | -0.3% | $3.1B | 0.39% | 0.32% | +8.4% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| VALE | Vale SA ADR | 0.07% | $12.40 | +1.6% | $50.5B | 26.1 | 7.96% |
| VLO | Valero Energy Corp | 0.07% | $419.28 | -1.6% | $120.7B | 9.4 | 1.15% |
| ITUB | Itau Unibanco Holding SA ADR | 0.11% | $9.67 | +1.9% | $52.3B | 12.6 | 6.06% |
| PBR-A | Petroleo Brasileiro SA Petrobras ADR | 0.18% | $23.53 | +2.8% | $64.1B | 6.0 | 6.31% |
 GGAL | Grupo Financiero Galicia ADR | 0.08% | $37.91 | +5.0% | $5.0B | 50.6 | 2.49% |
Franklin FTSE Latin America ETF Investor Checkpoints
Here are the points to review before investing in FLLA. It is a core vehicle for Latin American regional exposure, but its concentration in Brazil and Mexico, along with its sensitivity to currencies and commodity prices, has a large impact on returns, so it is best to check these in advance.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Check the impact of cumulative costs over a long holding period | Needs checking |
| 🌎 Country Weights | Check the degree of concentration in Brazil and Mexico | Large weights |
| 💱 Exchange Rates | Impact of local currencies and the dollar exchange rate | No currency hedge |
| 🛢️ Commodity Sensitivity | Trend in energy and materials weights | Needs checking |
Concentration in Brazil and Mexico, together with currency and commodity sensitivity, is the main driver of short-term volatility. During periods of emerging-market risk aversion, the entire region can weaken together.
It is a suitable core vehicle for long-term investors who want low-cost, diversified exposure to Latin America. If you want country-level concentration, EWZ and EWW are options, and if the goal is broad Latin American exposure, FLLA itself is a sound choice.
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 July 2, 2026.
Today's 5 AI picks, all free