FLAX vs. GEM ETF Comparison

Comparison of Franklin FTSE Asia ex Japan ETF (FLAX) to Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM)

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

GEM

Goldman Sachs ActiveBeta Emerging Markets Equity ETF

GEM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® Emerging Markets Equity Index. The fund invests at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index is designed to deliver exposure to equity securities of emerging market issuers.

Grade (RS Rating)

Last Trade

$33.16

Average Daily Volume

68,074

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLAX	GEM
30 Days	-4.31%	-3.80%
60 Days	-0.97%	-1.37%
90 Days	-0.01%	-1.13%
12 Months	14.05%	12.15%

24 Overlapping Holdings

Symbol	Grade	Weight in FLAX	Weight in GEM	Overlap
ATHM	D	0.02%	0.07%	0.02%
BABA	D	2.46%	1.93%	1.93%
BEKE	D	0.16%	0.05%	0.05%
BGNE	D	0.16%	0.11%	0.11%
BIDU	F	0.32%	0.15%	0.15%
BZ	F	0.06%	0.03%	0.03%
CHT	D	0.19%	0.06%	0.06%
HDB	C	1.54%	0.46%	0.46%
IBN	C	0.76%	0.8%	0.76%
IQ	F	0.01%	0.03%	0.01%
KB	B	0.31%	0.27%	0.27%
KEP	B	0.06%	0.04%	0.04%
LI	F	0.17%	0.06%	0.06%
LPL	F	0.03%	0.04%	0.03%
PDD	F	1.09%	0.75%	0.75%
QFIN	B	0.06%	0.2%	0.06%
SHG	D	0.26%	0.2%	0.2%
TAL	F	0.05%	0.06%	0.05%
TCOM	B	0.47%	0.18%	0.18%
TME	D	0.11%	0.1%	0.1%
UMC	F	0.22%	0.18%	0.18%
VIPS	F	0.06%	0.2%	0.06%
WIT	A	0.13%	0.21%	0.13%
YUMC	C	0.25%	0.24%	0.24%

FLAX Overweight 9 Positions Relative to GEM

Symbol	Grade	Weight
XPEV	C	0.11%
YMM	C	0.09%
NIO	F	0.08%
BILI	D	0.07%
RLX	C	0.02%
GDS	C	0.02%
WB	D	0.01%
YY	C	0.01%
DQ	F	0.01%

FLAX Underweight 16 Positions Relative to GEM

Symbol	Grade	Weight
VALE	F	-0.41%
SKM	D	-0.22%
NU	C	-0.14%
BCH	F	-0.09%
SCCO	F	-0.09%
KT	A	-0.09%
GGB	C	-0.09%
BAP	B	-0.08%
ABEV	F	-0.07%
ERJ	B	-0.05%
XP	F	-0.05%
BRFS	D	-0.04%
ASAI	F	-0.04%
CSAN	F	-0.04%
BVN	F	-0.03%
PAGS	F	-0.03%