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.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
27.8 M
ASSETS UNDER MGMT
19 bp
EXPENSES
Fund Basics
| Fund sponsor | Franklin Templeton Investments |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 06, 2018 |
| Assets (mns) | $28 |
| 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 | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 9.4 % |
| TENCENT HOLDINGS LTD | 4.0 % |
| SAMSUNG ELECTRONICS CO LTD | 3.9 % |
| RELIANCE INDS-SPONS GDR 144A | 2.6 % |
| ALIBABA GROUP HOLDING LTD. | 2.2 % |
| HDFC BANK LIMITED | 1.5 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 1.3 % |
| INFOSYS TECHNOLOGIES LTD | 1.1 % |
| HYNIX SEMICONDUCTOR INC | 1.0 % |
| AIA GROUP LTD | 1.0 % |
Constituent Breakdown
| Number of holdings | 1580 |
| Herfindahl-Hirschman Index | 153 |
| Wgt avg mkt cap (mns) | $156,858 |
| Large cap (>$10bn) | 79.3% |
| Mid cap ($2-10bn) | 19.2% |
| Small cap (<$2bn) | 1.5% |
| Developed mkts. | 14.4% |
| Emerging mkts. | 85.6% |
Country Exposure
 |
CHINA | 24.9 % |
 |
INDIA | 23.6 % |
 |
TAIWAN | 19.6 % |
 |
SOUTH KOREA | 12.4 % |
 |
HONG KONG | 6.1 % |
 |
SINGAPORE | 3.2 % |
 |
MALAYSIA | 1.9 % |
 |
INDONESIA | 1.8 % |
 |
THAILAND | 0.8 % |
 |
PHILIPPINES | 0.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 10.6% | 21.1% | 17.9% | -2.2% | 4.2% | -- | 1.8% | Volatility | 16.5% | 16.1% | 17.0% | 18.9% | 21.0% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.66 | 34% |
| MSCI EAFE | 0.81 | 54% |
| MSCI Emg Mkts | 1.11 | 97% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.21% |
| ADV of underlying (mns) | $100,345 |
Technical Indicators
| Recent close | $23.16 |
| 30d moving avg. | $24.61 |
| Annualized volatility | 19.5% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
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 | 79.7% | +51 bp | -0.7% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 75.0% | +30 bp | -0.3% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 72.1% | +47 bp | +3.2% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 71.6% | -8 bp | +1.6% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 71.4% | -4 bp | +0.4% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 70.6% | +17 bp | +0.9% |
| EEM | iShares MSCI Emerging Markets ETF | 68.3% | +50 bp | +0.0% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 64.5% | +30 bp | +1.3% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 62.8% | -10 bp | +0.6% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 62.6% | +11 bp | +0.5% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 11/15/2024
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
FLAX
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
FLAX
6.9%
Cat. Avg
7.4%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.4% and a standard deviation of
2.6%. FLAX's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places FLAX in the 43rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FLAXSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| FLAX (19 bp) Percentile rank | 16 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FLAX | 19.0 | 20.7 | 39.7 |
| Peer Avg. | 42.8 | 27.5 | 70.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .