(FLGB) Franklin FTSE United Kingdom - Ratings and Ratios

FLGB is a U.S.-domiciled exchange‑traded fund that provides investors with exposure to the UK equity market by replicating the performance of the FTSE 100 Index, the benchmark of the largest UK‑listed companies.

Key performance indicators include an expense ratio around 0.45 % and total net assets exceeding $600 million, positioning the fund among the more liquid UK‑focused ETFs in the U.S. market. The fund distributes dividends quarterly, delivering a yield in the 2.3‑2.7 % range, reflective of the high dividend payout ratios of its constituent financials and consumer staples constituents.

The fund’s sector tilt is heavily weighted toward financial services (≈30 %), consumer discretionary (≈20 %), and energy (≈15 %). This composition ties its returns to the health of the UK banking system, consumer confidence, and oil price dynamics, all of which are amplified by the pound sterling’s exchange rate against the U.S. dollar.

Macroeconomic drivers that dominate the fund’s risk‑return profile are UK GDP growth (currently 0.3 % annualised), Bank of England monetary policy (policy rate around 5.25 %), and inflation trends (CPI near 6 %). Shifts in these variables directly affect corporate earnings, dividend sustainability, and the GBP/USD conversion factor that impacts the fund’s net asset value for U.S. investors.

Liquidity is supported by an average daily trading volume of roughly 53 k shares, and the ETF’s beta of 0.90 indicates a modestly lower volatility than the broader market, providing a smoother exposure to UK equities while preserving most of the upside potential of the FTSE 100.