FLAX vs. NTSE ETF Comparison

Comparison of Franklin FTSE Asia ex Japan ETF (FLAX) to WisdomTree Emerging Markets Efficient Core Fund (NTSE)

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

NTSE

WisdomTree Emerging Markets Efficient Core Fund

NTSE Description

WisdomTree Emerging Markets Efficient Core Fund is an exchange-traded fund incorporated in the US. The Fund is actively managed using a models-based approach. The fund seeks to achieve its investment objective by investing in emerging markets equity securities and U.S. Treasury futures contracts.

Grade (RS Rating)

Last Trade

$29.56

Average Daily Volume

2,839

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLAX	NTSE
30 Days	-4.31%	-5.33%
60 Days	-0.97%	-5.68%
90 Days	-0.01%	-4.51%
12 Months	14.05%	10.56%

24 Overlapping Holdings

Symbol	Grade	Weight in FLAX	Weight in NTSE	Overlap
BABA	D	2.46%	3.25%	2.46%
BGNE	D	0.16%	0.18%	0.16%
BIDU	F	0.32%	0.45%	0.32%
BILI	D	0.07%	0.07%	0.07%
CHT	D	0.19%	0.29%	0.19%
DQ	F	0.01%	0.03%	0.01%
GDS	C	0.02%	0.05%	0.02%
IBN	C	0.76%	1.47%	0.76%
IQ	F	0.01%	0.01%	0.01%
KB	B	0.31%	0.46%	0.31%
KEP	B	0.06%	0.08%	0.06%
LI	F	0.17%	0.09%	0.09%
LPL	F	0.03%	0.06%	0.03%
NIO	F	0.08%	0.1%	0.08%
PDD	F	1.09%	0.85%	0.85%
SHG	D	0.26%	0.29%	0.26%
TCOM	B	0.47%	0.59%	0.47%
TME	D	0.11%	0.09%	0.09%
UMC	F	0.22%	0.34%	0.22%
WB	D	0.01%	0.02%	0.01%
WIT	A	0.13%	0.17%	0.13%
XPEV	C	0.11%	0.03%	0.03%
YUMC	C	0.25%	0.37%	0.25%
YY	C	0.01%	0.06%	0.01%

FLAX Overweight 9 Positions Relative to NTSE

Symbol	Grade	Weight
HDB	C	1.54%
BEKE	D	0.16%
YMM	C	0.09%
QFIN	B	0.06%
BZ	F	0.06%
VIPS	F	0.06%
TAL	F	0.05%
RLX	C	0.02%
ATHM	D	0.02%

FLAX Underweight 11 Positions Relative to NTSE

Symbol	Grade	Weight
VALE	F	-0.83%
NTES	D	-0.68%
JD	D	-0.58%
ABEV	F	-0.21%
ZTO	F	-0.17%
BCH	F	-0.13%
HTHT	D	-0.13%
SKM	D	-0.07%
ZLAB	C	-0.05%
CSAN	F	-0.05%
SBSW	D	-0.04%