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
$ 54.2 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 | 14.5 % |
| SAMSUNG ELECTRONICS CO LTD | 6.3 % |
| RELIANCE INDS-SPONS GDR 144A | 3.4 % |
| TENCENT HOLDINGS LTD | 3.3 % |
| HYNIX SEMICONDUCTOR INC | 3.3 % |
| ALIBABA GROUP HOLDING LTD. | 2.6 % |
| DELTA ELECTRONICS INC | 1.2 % |
| MEDIATEK INC | 1.1 % |
| AIA GROUP LTD | 1.0 % |
| CHINA CONSTRUCTION BANK-H | 0.9 % |
Constituent Breakdown
| Number of holdings | 1611 |
| Herfindahl-Hirschman Index | 306 |
| 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. | 8.6% |
| Emerging mkts. | 87.9% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 26.0 % |
 |
CHINA | 24.3 % |
 |
SOUTH KOREA | 18.0 % |
 |
INDIA | 15.9 % |
 |
HONG KONG | 5.5 % |
 |
SINGAPORE | 3.0 % |
 |
MALAYSIA | 1.4 % |
 |
THAILAND | 1.2 % |
 |
INDONESIA | 0.7 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 26.6% | 53.5% | 29.1% | 22.2% | 5.0% | -- | -- | 6.1% |
| Dividend Yield | 0.0% | 1.0% | 2.4% | 2.4% | 2.3% | -- | -- | 2.2% |
| Total Returns | 26.6% | 54.5% | 31.5% | 24.7% | 7.3% | -- | -- | 8.3% | Ann. Volatility | 25.7% | 19.1% | 19.7% | 18.2% | 19.0% | -- | -- | 19.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.18 | 53% |
| MSCI EAFE | 0.98 | 58% |
| MSCI Emg Mkts | 0.94 | 94% |
Liquidity Measures
| Avg. volume (000) | 15 |
| ADV traded (mns) | $1 |
| Turnover | 1.1% |
| Avg. Bid/Ask (% of price) | 0.23% |
Technical Indicators
| 30d moving avg. (EMA) | $35.50 |
| Relative strength (RSI) | 63 |
| MACD/Signal | 0.86/0.82 |
| Bollinger Bands (Upper/Lower) | $37.99/$34.47 |
| 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 | 78.2% | +51 bp | -0.2% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 77.2% | -4 bp | +0.9% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 75.7% | -8 bp | +0.7% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 74.9% | +17 bp | +0.5% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 74.4% | +47 bp | +0.1% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 72.0% | +30 bp | +0.6% |
| EEM | iShares MSCI Emerging Markets ETF | 68.0% | +50 bp | +0.6% |
| HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | 67.9% | +50 bp | +0.3% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 66.5% | +11 bp | +0.9% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 64.2% | -10 bp | +1.1% |
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 6/3/2026
Peer Group Comparison
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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.
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ETF Research Center Rating
7.3%
ALTAR SCORE™
50th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 217 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.3% and a standard deviation
of 2.2%. FLAX's ALTAR Score™ is approximately 0.0 standard
deviations above the category average. This places FLAX in the 50th percentile
among funds in the category.
Sell-Side Consensus
$42.41
PRICE TARGET
+9.5%
UPSIDE