FLGB: Franklin FTSE United Kingdom ETF
What this ETF is trying to do
The Franklin FTSE United Kingdom ETF (FLGB) is designed to give investors exposure to companies in the United Kingdom. It holds a variety of UK-based businesses across different industries.
Top Holdings
As of October 11, 2026, the fund holds 95 different assets. Because the list is partial, we only see the largest holdings. The top 10 include:
• HSBC HOLDINGS PLC: 10.47%
• SHELL PLC: 8.43%
• ASTRAZENECA PLC: 7.51%
• ROLLS-ROYCE HOLDINGS PLC: 5.08%
• UNILEVER PLC: 3.92%
• BP PLC: 3.52%
• BRITISH AMERICAN TOBACCO PLC: 3.43%
• GSK PLC: 3.03%
• RIO TINTO PLC ORDINARY SHARES: 3.00%
• LLOYDS BANKING GROUP PLC: 2.54%
What the numbers show
The current price of the ETF is $35.77. To understand how it has performed, we look at two different types of returns: price return (the change in share price) and total return (which includes distributions).
• Year-to-Date (YTD): The price return is 5.99%, while the total return is 7.39%.
• One Year: The price return is 10.58%, and the total return is 14.03%.
• Three Year: The price return is 50.23%, and the total return is 68.46%.
For a simple example, if you had invested $10,000 exactly one year ago at the estimated price of $32.35, the price-only increase of 10.58% would have grown that amount to approximately $11,058 (before any distributions).
Income and distribution explanation
This ETF pays out cash to investors, known as distributions. It has a distribution yield of approximately 2.96%. Over the last 12 months, it has made 2 payouts. These distributions happen on an irregular or less frequent basis.
It is important for beginners to remember that a high distribution yield alone can be misleading. While distributions provide cash income, they do not guarantee that the original investment value will stay the same.
NAV erosion explanation
"NAV erosion" happens when the actual value of the fund's underlying assets drops over time. This ETF has an erosion-risk score of 100 and an erosion severity labeled as "good." The data shows "No price erosion detected," and the severe erosion-risk flag is false.
Pros
• Strong total returns over the one-year and three-year periods.
• No detected price erosion.
• Provides a way to own many large UK companies at once.
Cons
• Distributions are irregular rather than on a set schedule.
• The distribution yield is relatively low compared to some high-income funds.
Beginner takeaway
FLGB is a fund for those who want to invest in the UK market. It has shown growth in both share price and total return over the last three years. While it provides some cash income, its primary movement has been driven by the price of its holdings.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | HSBC HOLDINGS PLC | n/a | 10.47% |
| 2 | SHELL PLC | n/a | 8.43% |
| 3 | ASTRAZENECA PLC | AZN:XLON | 7.51% |
| 4 | ROLLS-ROYCE HOLDINGS PLC | n/a | 5.08% |
| 5 | UNILEVER PLC | n/a | 3.92% |
| 6 | BP PLC | n/a | 3.52% |
| 7 | BRITISH AMERICAN TOBACCO PLC | n/a | 3.43% |
| 8 | GSK PLC | n/a | 3.03% |
| 9 | RIO TINTO PLC ORDINARY SHARES | n/a | 3.00% |
| 10 | LLOYDS BANKING GROUP PLC | n/a | 2.54% |