FLAX vs. AAXJ ETF Comparison

Comparison of Franklin FTSE Asia ex Japan ETF (FLAX) to iShares MSCI All Country Asia ex Japan Index Fund (AAXJ)

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

AAXJ

iShares MSCI All Country Asia ex Japan Index Fund

AAXJ Description

The investment seeks to replicate the returns of the MSCI All Country Asia ex Japan Index. The fund generally invests at least 90% of its assets in securities of the underlying index and in DRs representing securities of the underlying index. The underlying index is a free float-adjusted market capitalization index designed to measure equity market performance of the following 10 developed and emerging market countries or regions: China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan and Thailand. Components primarily include consumer discretionary, financial, industrials and information technology companies.

Grade (RS Rating)

Last Trade

$74.00

Average Daily Volume

607,485

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLAX	AAXJ
30 Days	-4.31%	-4.42%
60 Days	-0.97%	-0.92%
90 Days	-0.01%	0.48%
12 Months	14.05%	14.85%

15 Overlapping Holdings

Symbol	Grade	Weight in FLAX	Weight in AAXJ	Overlap
BABA	D	2.61%	2.51%	2.51%
BGNE	D	0.16%	0.15%	0.15%
BIDU	F	0.31%	0.35%	0.31%
BILI	D	0.08%	0.06%	0.06%
CHT	D	0.19%	0.2%	0.19%
HDB	C	1.51%	1.26%	1.26%
IBN	C	0.76%	1.15%	0.76%
LI	F	0.17%	0.21%	0.17%
NIO	F	0.08%	0.09%	0.08%
TCOM	B	0.47%	0.49%	0.47%
TME	D	0.11%	0.12%	0.11%
UMC	F	0.22%	0.23%	0.22%
WIT	A	0.13%	0.13%	0.13%
XPEV	C	0.12%	0.11%	0.11%
YUMC	C	0.25%	0.27%	0.25%

FLAX Overweight 18 Positions Relative to AAXJ

Symbol	Grade	Weight
PDD	F	1.06%
KB	B	0.29%
SHG	D	0.25%
BEKE	D	0.16%
YMM	C	0.07%
BZ	F	0.06%
VIPS	F	0.06%
QFIN	B	0.05%
TAL	F	0.05%
KEP	B	0.05%
LPL	F	0.03%
RLX	C	0.02%
ATHM	D	0.02%
GDS	C	0.02%
WB	D	0.01%
YY	C	0.01%
IQ	F	0.01%
DQ	F	0.01%

FLAX Underweight 1 Positions Relative to AAXJ

	Symbol	Grade	Weight
	MNSO	F	-0.02%