KEMX vs. FLAX ETF Comparison

Comparison of KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) to Franklin FTSE Asia ex Japan ETF (FLAX)

KEMX

KraneShares MSCI Emerging Markets ex China Index ETF

KEMX Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the MSCI Emerging Markets ex China Index. Under normal circumstances, the fund will invest at least 80% of its total assets in components of the underlying index and depositary receipts, including American depositary receipts ("ADRs"), representing such components. The underlying index is a free float-adjusted market capitalization weighted index designed to track the equity market performance of mid- and large-cap companies of emerging market countries, excluding China.

Grade (RS Rating)

Last Trade

$29.83

Average Daily Volume

6,034

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$23.21

Average Daily Volume

1,435

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KEMX	FLAX
30 Days	-4.28%	-4.66%
60 Days	-4.50%	0.06%
90 Days	-5.06%	0.14%
12 Months	10.60%	14.22%

9 Overlapping Holdings

Symbol	Grade	Weight in KEMX	Weight in FLAX	Overlap
CHT	C	0.5%	0.19%	0.19%
HDB	C	1.5%	1.51%	1.5%
IBN	C	1.55%	0.76%	0.76%
KB	B	0.77%	0.29%	0.29%
KEP	B	0.22%	0.05%	0.05%
LPL	D	0.03%	0.03%	0.03%
SHG	C	0.5%	0.25%	0.25%
UMC	F	0.38%	0.22%	0.22%
WIT	B	0.27%	0.13%	0.13%

KEMX Overweight 9 Positions Relative to FLAX

Symbol	Grade	Weight
INFY	C	2.25%
VALE	F	0.86%
NU	C	0.46%
BAP	A	0.4%
ABEV	F	0.26%
SCCO	F	0.24%
BVN	D	0.22%
BCH	C	0.17%
GGB	C	0.1%

KEMX Underweight 24 Positions Relative to FLAX

Symbol	Grade	Weight
BABA	D	-2.61%
PDD	F	-1.06%
TCOM	B	-0.47%
BIDU	F	-0.31%
YUMC	C	-0.25%
LI	F	-0.17%
BEKE	D	-0.16%
BGNE	D	-0.16%
XPEV	C	-0.12%
TME	D	-0.11%
BILI	D	-0.08%
NIO	F	-0.08%
YMM	C	-0.07%
BZ	F	-0.06%
VIPS	F	-0.06%
QFIN	A	-0.05%
TAL	F	-0.05%
RLX	C	-0.02%
ATHM	C	-0.02%
GDS	C	-0.02%
WB	D	-0.01%
YY	B	-0.01%
IQ	F	-0.01%
DQ	F	-0.01%