FLAX vs. XSOE ETF Comparison

Comparison of Franklin FTSE Asia ex Japan ETF (FLAX) to WisdomTree Emerging Markets Ex-State Owned Enterprises Fund (XSOE)

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

$22.82

Average Daily Volume

1,842

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XSOE

WisdomTree Emerging Markets Ex-State Owned Enterprises Fund

XSOE Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets ex-State-Owned Enterprises Index (the "index"). Under normal circumstances, at least 80% of the fund&#39;s total assets will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is a modified market cap weighted index that consists of common stocks in emerging markets, excluding common stocks of "state-owned enterprises." The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.99

Average Daily Volume

368,421

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLAX	XSOE
30 Days	-1.80%	-1.96%
60 Days	0.16%	0.49%
90 Days	-0.33%	0.91%
12 Months	12.85%	14.54%

22 Overlapping Holdings

Symbol	Grade	Weight in FLAX	Weight in XSOE	Overlap
BABA	C	2.39%	2.54%	2.39%
BEKE	F	0.13%	0.13%	0.13%
BGNE	C	0.13%	0.21%	0.13%
BIDU	F	0.31%	0.41%	0.31%
BILI	D	0.06%	0.06%	0.06%
BZ	F	0.06%	0.05%	0.05%
HDB	C	1.55%	1.69%	1.55%
IBN	A	0.65%	1.0%	0.65%
IQ	F	0.01%	0.02%	0.01%
KB	D	0.29%	0.27%	0.27%
LI	D	0.14%	0.21%	0.14%
LPL	F	0.03%	0.06%	0.03%
NIO	D	0.09%	0.14%	0.09%
PDD	F	0.92%	1.16%	0.92%
SHG	C	0.29%	0.25%	0.25%
TCOM	C	0.35%	0.43%	0.35%
TME	F	0.09%	0.08%	0.08%
UMC	C	0.28%	0.29%	0.28%
VIPS	F	0.06%	0.04%	0.04%
WIT	C	0.12%	0.16%	0.12%
XPEV	D	0.07%	0.09%	0.07%
YUMC	D	0.19%	0.23%	0.19%

FLAX Overweight 13 Positions Relative to XSOE

Symbol	Grade	Weight
CHT	A	0.2%
YMM	D	0.07%
KEP	C	0.06%
QFIN	B	0.04%
TAL	F	0.04%
GDS	C	0.02%
RLX	F	0.02%
ATHM	C	0.02%
WB	F	0.01%
DQ	D	0.01%
YY	C	0.01%
DADA	F	0.0%
TUYA	F	0.0%

FLAX Underweight 11 Positions Relative to XSOE

Symbol	Grade	Weight
MELI	B	-1.49%
INFY	C	-1.15%
ABEV	C	-0.22%
ERJ	C	-0.14%
BCH	C	-0.11%
CSAN	F	-0.08%
BRFS	C	-0.08%
KT	B	-0.07%
GGAL	B	-0.07%
LEGN	F	-0.04%
SBSW	F	-0.03%