FLAX vs. SPEM ETF Comparison

Comparison of Franklin FTSE Asia ex Japan ETF (FLAX) to SPDR Index Shares Fund SPDR Portfolio Emerging Markets ETF (SPEM)

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

SPEM

SPDR Index Shares Fund SPDR Portfolio Emerging Markets ETF

SPEM Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Emerging BMI Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in depositary receipts based on securities comprising the index. The index is a market capitalization weighted index designed to define and measure the investable universe of publicly traded companies domiciled in emerging markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$39.29

Average Daily Volume

1,700,335

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

Performance

Period	FLAX	SPEM
30 Days	-4.31%	-3.39%
60 Days	-0.97%	-0.38%
90 Days	-0.01%	1.24%
12 Months	14.05%	16.45%

29 Overlapping Holdings

Symbol	Grade	Weight in FLAX	Weight in SPEM	Overlap
ATHM	D	0.02%	0.02%	0.02%
BABA	D	2.46%	1.92%	1.92%
BEKE	D	0.16%	0.15%	0.15%
BGNE	D	0.16%	0.14%	0.14%
BIDU	F	0.32%	0.27%	0.27%
BILI	D	0.07%	0.06%	0.06%
BZ	F	0.06%	0.04%	0.04%
CHT	D	0.19%	0.18%	0.18%
DQ	F	0.01%	0.02%	0.01%
GDS	C	0.02%	0.03%	0.02%
HDB	C	1.54%	1.23%	1.23%
IBN	C	0.76%	0.92%	0.76%
IQ	F	0.01%	0.01%	0.01%
LI	F	0.17%	0.14%	0.14%
NIO	F	0.08%	0.07%	0.07%
PDD	F	1.09%	0.81%	0.81%
QFIN	B	0.06%	0.04%	0.04%
RLX	C	0.02%	0.01%	0.01%
TAL	F	0.05%	0.05%	0.05%
TCOM	B	0.47%	0.33%	0.33%
TME	D	0.11%	0.06%	0.06%
UMC	F	0.22%	0.22%	0.22%
VIPS	F	0.06%	0.05%	0.05%
WB	D	0.01%	0.0%	0.0%
WIT	A	0.13%	0.17%	0.13%
XPEV	C	0.11%	0.08%	0.08%
YMM	C	0.09%	0.06%	0.06%
YUMC	C	0.25%	0.22%	0.22%
YY	C	0.01%	0.02%	0.01%

FLAX Overweight 4 Positions Relative to SPEM

Symbol	Grade	Weight
KB	B	0.31%
SHG	D	0.26%
KEP	B	0.06%
LPL	F	0.03%

FLAX Underweight 73 Positions Relative to SPEM

Symbol	Grade	Weight
INFY	B	-0.88%
NU	C	-0.49%
VALE	F	-0.39%
ITUB	F	-0.37%
PBR	C	-0.28%
RDY	F	-0.16%
BBD	D	-0.16%
BAP	B	-0.16%
ERJ	B	-0.13%
ABEV	F	-0.12%
ZTO	F	-0.11%
SCCO	F	-0.11%
CIG	C	-0.1%
GGB	C	-0.08%
EBR	F	-0.08%
BVN	F	-0.06%
ASAI	F	-0.06%
MMYT	B	-0.06%
ENIC	D	-0.05%
SUZ	C	-0.04%
VIST	A	-0.04%
CIB	B	-0.04%
BRFS	D	-0.04%
STNE	F	-0.03%
LEGN	F	-0.03%
CSAN	F	-0.03%
SBSW	D	-0.03%
SBLK	F	-0.02%
HEPS	C	-0.02%
PAGS	F	-0.02%
SIMO	D	-0.02%
VALE	F	-0.02%
MNSO	F	-0.02%
SID	F	-0.02%
BCH	F	-0.02%
DDL	C	-0.01%
DAC	B	-0.01%
GOTU	F	-0.01%
TIGR	D	-0.01%
EH	F	-0.01%
TEN	F	-0.01%
HIMX	F	-0.01%
BLTE	C	-0.01%
BWMX	D	-0.01%
SB	F	-0.01%
VTEX	D	-0.01%
JKS	F	-0.01%
MOMO	D	-0.01%
BAK	F	-0.01%
GPI	A	-0.0%
VSTA	F	-0.0%
IH	F	-0.0%
NIU	F	-0.0%
TUYA	F	-0.0%
DADA	F	-0.0%
DOYU	C	-0.0%
HUYA	F	-0.0%
DSX	F	-0.0%
BTBT	C	-0.0%
SOHU	F	-0.0%
CBAT	F	-0.0%
CAN	C	-0.0%
CINT	D	-0.0%
NEXA	C	-0.0%
NOAH	D	-0.0%
LX	C	-0.0%
FINV	B	-0.0%
API	C	-0.0%
AFYA	D	-0.0%
VNET	B	-0.0%
YALA	D	-0.0%
RERE	B	-0.0%
RNW	D	-0.0%