FLAX vs. DBEM ETF Comparison

Comparison of Franklin FTSE Asia ex Japan ETF (FLAX) to db-X trackers MSCI Emerging Markets Hedged Equity Fund (DBEM)

FLAX

Franklin FTSE Asia ex Japan ETF

FLAX Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Asia ex Japan RIC Capped Index (the FTSE Asia ex Japan Capped Index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the FTSE Asia ex Japan Capped Index and in depositary receipts representing such securities. The FTSE Asia ex Japan Capped Index is based on the FTSE Asia ex Japan Index and is designed to measure the performance of large- and mid- capitalization stocks from developed and emerging Asian countries, excluding Japan.

Grade (RS Rating)

Last Trade

$23.29

Average Daily Volume

1,475

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DBEM

db-X trackers MSCI Emerging Markets Hedged Equity Fund

DBEM Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI EM US Dollar Hedged Index (the "underlying index"). The fund will normally invest at least 80% of its net assets in the equity securities of issuers from emerging markets countries and in instruments designed to hedge against the fund's exposure to non-U.S. currencies. The index is designed to provide exposure to equity securities in the global emerging markets, while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and selected emerging market currencies. It is non-diversified.

Grade (RS Rating)

Last Trade

$25.39

Average Daily Volume

9,264

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLAX	DBEM
30 Days	-4.31%	-2.65%
60 Days	-0.97%	0.12%
90 Days	-0.01%	0.86%
12 Months	14.05%	14.73%

27 Overlapping Holdings

Symbol	Grade	Weight in FLAX	Weight in DBEM	Overlap
ATHM	D	0.02%	0.03%	0.02%
BABA	D	2.46%	2.06%	2.06%
BEKE	D	0.16%	0.16%	0.16%
BGNE	D	0.16%	0.13%	0.13%
BIDU	F	0.32%	0.29%	0.29%
BILI	D	0.07%	0.05%	0.05%
BZ	F	0.06%	0.04%	0.04%
CHT	D	0.19%	0.17%	0.17%
HDB	C	1.54%	1.03%	1.03%
IBN	C	0.76%	0.94%	0.76%
IQ	F	0.01%	0.01%	0.01%
KB	B	0.31%	0.3%	0.3%
KEP	B	0.06%	0.05%	0.05%
LI	F	0.17%	0.17%	0.17%
LPL	F	0.03%	0.02%	0.02%
NIO	F	0.08%	0.08%	0.08%
PDD	F	1.09%	0.96%	0.96%
QFIN	B	0.06%	0.04%	0.04%
SHG	D	0.26%	0.2%	0.2%
TAL	F	0.05%	0.06%	0.05%
TCOM	B	0.47%	0.4%	0.4%
TME	D	0.11%	0.11%	0.11%
UMC	F	0.22%	0.19%	0.19%
VIPS	F	0.06%	0.06%	0.06%
WIT	A	0.13%	0.11%	0.11%
XPEV	C	0.11%	0.1%	0.1%
YUMC	C	0.25%	0.23%	0.23%

FLAX Overweight 6 Positions Relative to DBEM

Symbol	Grade	Weight
YMM	C	0.09%
RLX	C	0.02%
GDS	C	0.02%
WB	D	0.01%
YY	C	0.01%
DQ	F	0.01%

FLAX Underweight 19 Positions Relative to DBEM

Symbol	Grade	Weight
NU	C	-0.5%
VALE	F	-0.4%
BAP	B	-0.15%
SCCO	F	-0.11%
ABEV	F	-0.11%
ASAI	F	-0.09%
ERJ	B	-0.08%
HTHT	D	-0.08%
BCH	F	-0.07%
XP	F	-0.07%
GGB	C	-0.06%
SBSW	D	-0.04%
SKM	D	-0.03%
BVN	F	-0.03%
STNE	F	-0.03%
CSAN	F	-0.03%
LEGN	F	-0.03%
BRFS	D	-0.03%
PAGS	F	-0.02%