FLAX
Franklin FTSE Asia Ex Japan ETF
The Franklin FTSE Asia ex Japan ETF tracks a market-cap-weighted index of large- and midcap stocks from developed and emerging Asian countries, excluding Japan.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 39.7 M
ASSETS UNDER MGMT
19 bp
EXPENSES
Fund Basics
| Inception date | Feb 06, 2018 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 12.3 % |
| TENCENT HOLDINGS LTD | 4.9 % |
| SAMSUNG ELECTRONICS CO LTD | 4.0 % |
| RELIANCE INDS-SPONS GDR 144A | 3.9 % |
| ALIBABA GROUP HOLDING LTD. | 3.4 % |
| HYNIX SEMICONDUCTOR INC | 2.5 % |
| HDFC BANK LIMITED | 1.3 % |
| AIA GROUP LTD | 1.1 % |
| HON HAI PRECISION INDUSTRY | 0.9 % |
| DBS GROUP HOLDINGS LTD | 0.9 % |
Constituent Breakdown
| Number of holdings | 1591 |
| Herfindahl-Hirschman Index | 242 |
| Wgt avg mkt cap (mns) | $288,146 |
| Large cap (>$10bn) | 80.0% |
| Mid cap ($2-10bn) | 14.8% |
| Small cap (<$2bn) | 1.3% |
| Developed mkts. | 9.3% |
| Emerging mkts. | 89.0% |
Sector Breakdown
Country Exposure
 |
CHINA | 29.3 % |
 |
TAIWAN | 22.0 % |
 |
INDIA | 19.3 % |
 |
SOUTH KOREA | 14.1 % |
 |
HONG KONG | 6.0 % |
 |
SINGAPORE | 3.2 % |
 |
MALAYSIA | 1.6 % |
 |
THAILAND | 1.3 % |
 |
INDONESIA | 1.1 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 13.6% | 45.3% | 26.1% | 17.6% | 2.7% | -- | -- | 4.9% |
| Dividend Yield | 0.0% | 1.0% | 2.4% | 2.4% | 2.3% | -- | -- | 2.3% |
| Total Returns | 13.6% | 46.2% | 28.5% | 20.0% | 5.0% | -- | -- | 7.1% | Ann. Volatility | 16.2% | 17.9% | 17.2% | 16.6% | 18.3% | -- | -- | 19.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.68 | 53% |
| MSCI EAFE | 0.85 | 60% |
| MSCI Emg Mkts | 0.97 | 96% |
Liquidity Measures
| Avg. volume (000) | 16 |
| ADV traded (mns) | $1 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.27% |
Technical Indicators
| 30d moving avg. (EMA) | $31.98 |
| Relative strength (RSI) | 46 |
| MACD/Signal | -0.24/0.02 |
| Bollinger Bands (Upper/Lower) | $34.39/$30.45 |
| Short interest (% of AUM) | 3.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FLAX |
Expenses vs. FLAX |
ALTAR Score™ vs. FLAX |
|---|---|---|---|---|
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 78.8% | +51 bp | 0.0% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 77.8% | -4 bp | +0.9% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 76.2% | +47 bp | +0.1% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 76.1% | -8 bp | +0.7% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 74.6% | +17 bp | +0.3% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 73.0% | +30 bp | +0.7% |
| EEM | iShares MSCI Emerging Markets ETF | 68.0% | +50 bp | +0.8% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 66.9% | +11 bp | +1.0% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 66.6% | +30 bp | +0.3% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 65.8% | -4 bp | +1.2% |
Risk and Returns: FLAX vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 3/18/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
8.6%
ALTAR SCORE™
62nd
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 195 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.9% and a standard deviation
of 2.3%. FLAX's ALTAR Score™ is approximately 0.3 standard
deviations above the category average. This places FLAX in the 62nd percentile
among funds in the category.
Sell-Side Consensus
$39.61
PRICE TARGET
+24.1%
UPSIDE