FLAU vs FLGB

FLAUAFranklin FTSE Australia ETF

FLGBAFranklin FTSE United Kingdom ETF

In short

FLAU Australia for nine basis points. Franklin's 2017 country fund holds a capped index of roughly 110 Australian stocks, so no single name swallows the basket, at a sliver of what the older single-country ETFs charge.

FLGB Britain in one ticker for nine basis points. Franklin's UK tracker follows a capped FTSE index of roughly 110 British companies and charges a small fraction of what the typical index fund in its peer group costs.

Stated mandate

FLAU The Fund seeks investment results that closely track the performance of the FTSE Australia RIC Capped Index before fees and expenses.

FLGB The fund seeks to track, before fees and expenses, the performance of the FTSE UK RIC Capped Index.

Why people hold it

• FLAU 0.09% a year, versus a peer group where half the funds charge five times that. On a plain index fund, fee is the part you actually control.franklintempleton.com
• The benchmark is a capped FTSE Australia index, so weight limits keep any one holding from quietly becoming an outsized chunk of the fund.
• No stock-picking, no overlay: it aims to match the index before fees, across roughly 110 names, and has run that way since 2017.
• Rates as one of the stronger builds in a 30-fund developed single-country group, largely on cost and clean index execution.

• FLGB 0.09% a year, a fraction of the median fee across the index trackers we grade. Cheap is the whole pitch for single-country beta, and this one delivers it.
• One trade, roughly 110 UK companies. A passive, rules-based mandate tied to the FTSE UK RIC Capped Index, running since its 2017 launch.
• Stands in the top quartile of its plain-index-wrapper peer group, and the mandate data behind that read is high confidence.

Worth knowing

• FLAU Thinly traded, and Sydney's session is closed during US hours, so spreads can run wider than on the household-name country funds.
• A smaller fund than the long-running incumbents, and it pays out annually or semiannually rather than on a monthly rhythm.
• The holdings trade in Australian dollars while your account is in US dollars, so the currency move is part of the ride. There is no hedge.franklintempleton.com

• FLGB Single-country by design: UK listings only, so there is no cushion from other markets inside the fund. Broad global trackers like VT spread that bet differently.
• Moderately traded rather than a volume monster, so limit orders are the sane way in and out.
• Distributions arrive once or twice a year, not monthly. Income lands in lumps.

Full FLAU profile⁠

Full FLGB profile⁠