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FLAX

GradeBNew York Stock Exchange Arca

Franklin FTSE Asia ex Japan ETF

Broad Stock Market · Franklin Templeton · Inception 2018-02-06 · SEC filings

$37.08−0.64 (−1.68%)

As of Sep 23, 2026, 3:09 PM EDT

Intraday session: down, 17 prints from 37.71 to 37.08. Range 37.02 to 37.79. Use the arrow keys to read each point.$37.20$37.40$37.60$37.8010 AM12 PM2 PM4 PM
Expense ratio
0.19%
Fund size
$59M
1Y return
+34.1%
Yield · Last 12 months
1.95%
Holdings
1581
Volume · 30D
0M sh
NAV per share
$36.92
52W range
low $28.16high $39.20

The ETF.net FLAX Grade

B

57/ 100

Rank 3 of 7 in Asia-Pacific Region⁠

Confidence Medium

Six-pillar profile for FLAX. Scores out of 100: Cost 57, Risk 43, Mission 100, Tradability 10, Holdings 59, Durability 32. Strongest: Mission (100). Weakest: Tradability (10). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 57 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 57
    Category rank4/7 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank2/7 · top 29%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 43
    Category rank5/7 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 10
    Category rank7/7 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 59
    Category rank3/7 · top 43%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 32
    Category rank7/7 · bottom quartile

Graded as of Sep 22, 2026

Our read on FLAX

ETF.net Research

BOne line item for Asia's markets with Japan left out: roughly 1,600 stocks at 0.19% a year, less than half the median fee among index-tracking peers. Broad, cheap, and thin to trade.

Stated mandate

The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE Asia ex Japan RIC Capped Index.

Why people hold it

  1. 010.19% a year against a 0.45% median for index-tracking peers. Less than half the going rate for the same passive job.
  2. 02About 1,600 holdings across Asia ex Japan. The index is a RIC-capped version, which limits how large any single position can grow.
  3. 03Plain passive mandate since 2018: match the FTSE Asia ex Japan RIC Capped Index before fees and expenses. No manager discretion, no style drift.

Worth knowing

  1. 01Thinly traded, so on any single trip in or out the bid-ask spread can cost more than the annual fee. Limit orders are the usual tool.
  2. 02Cash comes annually or semiannually, not monthly. Income arrives in lumps.
  3. 03One region, Japan excluded. This is a regional equity slice that tracks Asian markets, not a global core holding.

FLAX Holdings

As of Sep 22, 2026, 9:39 PM
Asset class
Stocks
Holdings
1,581
Top-10 weight
40%
Largest holding
2330.TW15.3%

Sectors

  • Technology46.1%
  • Financials17.3%
  • Industrials8.1%
  • Consumer Discr.8.1%
  • Communication5.1%
  • Materials3.9%
  • Health Care3.2%
  • Cons. Staples2.3%
  • Energy2.3%
  • Utilities1.8%
  • Real Estate1.7%

Geography

  • Taiwan30.06%
  • South Korea22.24%
  • China21.26%
  • India13.50%
  • Hong Kong4.82%
  • Singapore3.45%
  • Thailand1.36%
  • Malaysia1.32%
  • Other countries (10)2.00%

Developed 9% · Emerging 91% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 108.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0012330.TWTAIWAN SEMICONDUCTOR MANU15.34%115,832$9M175
002005930.KSSAMSUNG ELECTRONICS CO LT7.40%22,008$4M176
003000660.KSSK HYNIX INC6.27%2,736$4M184
0040700.HKTENCENT HOLDINGS LTD2.76%29,704$2M153
0059988.HKALIBABA GROUP HOLDING LTD2.20%90,446$1M128
0062454.TWMEDIATEK INC1.87%7,000$1M162
007D05.SIDBS GROUP HOLDINGS LTD0.99%9,600$582K139
008005935.KSSAMSUNG ELECTRONICS-PREF0.98%3,824$576K85
0092308.TWDELTA ELECTRONICS INC0.92%9,230$545K154
0100939.HKCHINA CONSTRUCTION BANK-H0.89%424,000$527K106
0111299.HKAIA GROUP LTD0.83%49,400$487K154
0122317.TWHON HAI PRECISION INDUSTR0.77%57,800$455K114
013HDFCBANK.BOHDFC BANK LIMITED0.71%54,368$420K71
014RELIANCE.BORELIANCE INDUSTRIES LIMIT0.71%32,040$417K71
015O39.SIOVERSEA-CHINESE BANKING C0.64%15,200$377K120

Showing 1–15 of 1620 holdings

FLAX Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

FLAX$13,411
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. FLAX $13,411. SPY $11,723. Use the arrow keys to read each point.$9,192$11,654$14,116Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FLAX. Periods over one year show the average yearly return.
PeriodFLAX
Year to date+28.3%
1 month+3.4%
3 months−2.7%
1 year+34.1%
3 years+25.4%per year
5 years+9.8%per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FLAX
YearReturn barFLAX
2026 YTD+28.3%
2025+33.7%
2024+9.8%
2023+6.3%
2022−18.9%
2021−3.5%
2020+24.2%

FLAX in the news

ETF.net Research hasn’t filed on FLAX yet — coverage lands here as it’s written.

FLAX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.95%Last 12 months
Payout per share
$0.74Last 12 months
Last payment
$0.20 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2018–2026

One bar per payment. 17 payments from 2018 to 2026 YTD. Jun 20, 2018 $0.09; Dec 20, 2018 $0.37; Jun 11, 2019 $0.12; Dec 11, 2019 $0.38; Jun 11, 2020 $0.08; Dec 14, 2020 $0.36; Jun 10, 2021 $0.11; Dec 13, 2021 $0.51; Jun 17, 2022 $0.11; Dec 16, 2022 $0.48; Jun 16, 2023 $0.18; Dec 15, 2023 $0.29; Jun 21, 2024 $0.36; Dec 20, 2024 $0.35; Jun 20, 2025 $0.17; Dec 19, 2025 $0.54; Jun 26, 2026 $0.20. Use the arrow keys to read each point.201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 26, 2026Jul 6, 2026$0.20
Dec 19, 2025Dec 29, 2025$0.54
Jun 20, 2025Jun 27, 2025$0.17
Dec 20, 2024Dec 30, 2024$0.35
Jun 21, 2024Jun 28, 2024$0.36
Dec 15, 2023Dec 26, 2023$0.29
Jun 16, 2023Jun 27, 2023$0.18
Dec 16, 2022Dec 22, 2022$0.48
Jun 17, 2022Jun 28, 2022$0.11
Dec 13, 2021Dec 21, 2021$0.51
Jun 10, 2021Jun 18, 2021$0.11
Dec 14, 2020Dec 23, 2020$0.36

FLAX Risk

How much the fund’s monthly returns vary, scaled to a year.
15.8%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.13
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−34.8%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.15
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FLAX Cost

Expense ratio0.19%
  • The middle half of Asia-Pacific Region funds
  • Median 0.19%

2 of the 7 Asia-Pacific Region funds charge less.

FLAX costs $19.00 a year on $10,000. The median Asia-Pacific Region fund costs $19.00.