FLAX vs. IEMG ETF Comparison

Comparison of Franklin FTSE Asia ex Japan ETF (FLAX) to iShares Core MSCI Emerging Markets ETF (IEMG)

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

IEMG

iShares Core MSCI Emerging Markets ETF

IEMG Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Emerging Markets Investable Market Index. The underlying index is designed to measure large-, mid- and small-cap equity market performance in the global emerging markets. The fund generally invests at least 80% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It may invest the remainder of its assets in certain futures, options and swap contracts, cash and cash equivalents.

Grade (RS Rating)

Last Trade

$54.21

Average Daily Volume

10,026,588

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLAX	IEMG
30 Days	-4.31%	-4.07%
60 Days	-0.97%	-2.01%
90 Days	-0.01%	-1.49%
12 Months	14.05%	12.66%

16 Overlapping Holdings

Symbol	Grade	Weight in FLAX	Weight in IEMG	Overlap
BABA	D	2.46%	1.89%	1.89%
BGNE	D	0.16%	0.11%	0.11%
BIDU	F	0.32%	0.26%	0.26%
BILI	D	0.07%	0.05%	0.05%
CHT	D	0.19%	0.15%	0.15%
GDS	C	0.02%	0.03%	0.02%
HDB	C	1.54%	0.96%	0.96%
IBN	C	0.76%	0.86%	0.76%
LI	F	0.17%	0.15%	0.15%
NIO	F	0.08%	0.07%	0.07%
TCOM	B	0.47%	0.37%	0.37%
TME	D	0.11%	0.09%	0.09%
UMC	F	0.22%	0.17%	0.17%
WIT	A	0.13%	0.1%	0.1%
XPEV	C	0.11%	0.09%	0.09%
YUMC	C	0.25%	0.2%	0.2%

FLAX Overweight 17 Positions Relative to IEMG

Symbol	Grade	Weight
PDD	F	1.09%
KB	B	0.31%
SHG	D	0.26%
BEKE	D	0.16%
YMM	C	0.09%
QFIN	B	0.06%
BZ	F	0.06%
KEP	B	0.06%
VIPS	F	0.06%
TAL	F	0.05%
LPL	F	0.03%
RLX	C	0.02%
ATHM	D	0.02%
WB	D	0.01%
YY	C	0.01%
IQ	F	0.01%
DQ	F	0.01%

FLAX Underweight 5 Positions Relative to IEMG

Symbol	Grade	Weight
MNSO	F	-0.02%
TSM	B	-0.01%
IMOS	F	-0.01%
IDR	D	-0.0%
CNH	C	-0.0%