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
$ 50.8 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 | 15.2 % |
| SAMSUNG ELECTRONICS CO LTD | 9.0 % |
| RELIANCE INDS-SPONS GDR 144A | 3.1 % |
| HYNIX SEMICONDUCTOR INC | 2.9 % |
| TENCENT HOLDINGS LTD | 2.9 % |
| ALIBABA GROUP HOLDING LTD. | 2.0 % |
| MEDIATEK INC | 1.7 % |
| DELTA ELECTRONICS INC | 1.1 % |
| DBS GROUP HOLDINGS LTD | 0.9 % |
| HON HAI PRECISION INDUSTRY | 0.8 % |
Constituent Breakdown
| Number of holdings | 1609 |
| Herfindahl-Hirschman Index | 358 |
| Wgt avg mkt cap (mns) | $473,673 |
| Large cap (>$10bn) | 82.5% |
| Mid cap ($2-10bn) | 11.1% |
| Small cap (<$2bn) | 1.0% |
| Developed mkts. | 8.1% |
| Emerging mkts. | 88.2% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 29.0 % |
 |
CHINA | 20.8 % |
 |
SOUTH KOREA | 20.6 % |
 |
INDIA | 14.2 % |
 |
HONG KONG | 5.0 % |
 |
SINGAPORE | 2.9 % |
 |
MALAYSIA | 1.3 % |
 |
THAILAND | 1.2 % |
 |
INDONESIA | 0.6 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 25.8% | 43.4% | 28.0% | 21.0% | 4.8% | -- | -- | 5.9% |
| Dividend Yield | 0.0% | 2.7% | 2.6% | 2.8% | 2.7% | -- | -- | 2.5% |
| Total Returns | 25.8% | 46.0% | 30.6% | 23.9% | 7.5% | -- | -- | 8.4% | Ann. Volatility | 28.7% | 22.1% | 21.2% | 19.2% | 19.7% | -- | -- | 20.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.35 | 57% |
| MSCI EAFE | 1.09 | 58% |
| MSCI Emg Mkts | 0.96 | 97% |
Liquidity Measures
| Avg. volume (000) | 7 |
| ADV traded (mns) | $0 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.22% |
Technical Indicators
| 30d moving avg. (EMA) | $35.84 |
| Relative strength (RSI) | 46 |
| MACD/Signal | -0.47/-0.38 |
| Bollinger Bands (Upper/Lower) | $37.29/$34.18 |
| Short interest (% of AUM) | 3.1% |
Distributions
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 | -0.1% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 78.3% | -4 bp | +0.9% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 77.9% | -8 bp | +0.9% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 75.7% | +17 bp | +0.5% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 74.1% | +47 bp | +0.3% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 70.4% | +30 bp | +0.6% |
| HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | 70.1% | +50 bp | +0.5% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 69.8% | +11 bp | +1.0% |
| EEM | iShares MSCI Emerging Markets ETF | 69.8% | +50 bp | +0.8% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 65.7% | -10 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 8/1/2026
Peer Group Comparison
Sample data. Subscribe for access.
Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
8.2%
ALTAR SCORE™
57th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 214 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.8% and a standard deviation
of 2.3%. FLAX's ALTAR Score™ is approximately 0.2 standard
deviations above the category average. This places FLAX in the 57th percentile
among funds in the category.
Sell-Side Consensus
$42.26
PRICE TARGET
+21.4%
UPSIDE