FLTW
Franklin FTSE Taiwan ETF
FLTW tracks a market-cap-weighted index of large- and midcap Taiwanese companies.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
675.3 M
ASSETS UNDER MGMT
19 bp
EXPENSES
Fund Basics
| Fund sponsor | Franklin Templeton |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 02, 2017 |
| Assets (mns) | $675 |
| Expense ratio | 19 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 24.1 % |
| HON HAI PRECISION INDUSTRY | 8.5 % |
| MEDIATEK INC | 7.4 % |
| DELTA ELECTRONICS INC | 5.4 % |
| FUBON FINANCIAL HOLDING CO | 2.5 % |
| CHINATRUST FINANCIAL HOLDING | 2.4 % |
| QUANTA COMPUTER INC | 2.4 % |
| CATHAY FINANCIAL HOLDING CO | 2.1 % |
| E.SUN FINANCIAL HOLDING CO | 1.8 % |
| CHUNGHWA TELECOM CO., LTD | 1.8 % |
Constituent Breakdown
| Number of holdings | 132 |
| Herfindahl-Hirschman Index | 809 |
| Wgt avg mkt cap (mns) | $308,273 |
| Large cap (>$10bn) | 82.4% |
| Mid cap ($2-10bn) | 27.8% |
| Small cap (<$2bn) | 1.9% |
| Developed mkts. | 111.8% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
TAIWAN | 111.8 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 27.5% | 27.3% | 23.2% | 18.8% | 11.9% | -- | -- | 11.2% |
| Dividend Yield | 0.0% | 0.0% | 1.8% | 2.5% | 2.4% | -- | -- | 2.1% |
| Total Returns | 27.5% | 27.3% | 25.0% | 21.3% | 14.3% | -- | -- | 13.3% | Ann. Volatility | 27.5% | 26.7% | 23.9% | 21.5% | 21.6% | -- | -- | 21.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.99 | 52% |
| MSCI EAFE | 1.11 | 47% |
| MSCI Emg Mkts | 1.25 | 68% |
Liquidity Measures
| Avg. volume (000) | 100 |
| ADV traded (mns) | $6 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.06% |
Technical Indicators
| 30d moving avg. (EMA) | $59.95 |
| Relative strength (RSI) | 55 |
| MACD/Signal | 0.03/-0.18 |
| Bollinger Bands (Upper/Lower) | $62.13/$57.27 |
| Short interest (% of AUM) | 0.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FLTW |
Expenses vs. FLTW |
ALTAR Score™ vs. FLTW |
|---|---|---|---|---|
| EWT | iShares MSCI Taiwan ETF | 86.1% | +39 bp | +5.5% |
| KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 35.3% | +5 bp | +7.3% |
| XC | WisdomTree Emerging Markets Ex-China Fund | 34.7% | +13 bp | +5.7% |
| XCEM | Columbia EM Core ex-China ETF | 33.7% | -3 bp | +7.6% |
| AIA | iShares Asia 50 ETF | 33.5% | +31 bp | +12.6% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 32.5% | -4 bp | +7.4% |
| EMSG | Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF | 31.5% | +1 bp | 0.0% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 27.4% | +6 bp | +6.9% |
| RAYE | Rayliant Quantamental Emerging Market ex-China Equity ETF | 27.4% | +69 bp | +8.7% |
| XCNY | SPDR S&P Emerging Markets ex-China ETF | 27.2% | -4 bp | +7.1% |
Risk and Returns: FLTW 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | |
| 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 12/7/2025
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
FLTW
5.8%
Cat. Avg
7.7%
ALTAR Score™ Calculation
Category Overview
There are 126 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.7% and a standard deviation of
2.7%. FLTW's ALTAR Score™ is approximately
0.7 standard deviations
below
the category average. This places FLTW in the 23rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FLTWSELL
U/W
HOLD
O/W
BUY