Franklin FTSE Asia ex Japan ETF
FLAX
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- One Franklin Parkway San Mateo CA United States of America 94403
- IPO Date
- Feb 8, 2018
- CIK
- 0001655589
- Website
- franklintempleton.com
- Similar Companies
- Business
- Franklin FTSE Asia ex Japan ETF (FLAX) is an exchange-traded fund that seeks to provide investment results corresponding to the FTSE Asia ex Japan RIC Capped Index, a market-capitalization weighted benchmark tracking large- and mid-cap stocks across developed and emerging Asian markets excluding Japan; the fund holds approximately 1,572 securities spanning sectors such as information technology (29.88%), financials (19.93%), consumer discretionary (12.89%), and communication services (9.21%), with key geographic allocations to China (32.83%), Taiwan (21.79%), India (18.41%), and South Korea (13.84%). Launched on February 6, 2018, and listed on NYSE Arca under the ticker FLAX (CUSIP 35473P660), it is issued by Franklin Templeton ETF Trust and managed by Franklin Advisory Services, LLC, offering investors low-cost passive exposure at a net expense ratio of 0.19%, semi-annual dividends, and a total net assets figure of approximately $35 million. The ETF invests in a diversified portfolio of growth and value stocks across market capitalizations, emphasizing tax efficiency and broad regional coverage without direct concentration in single securities due to index capping mechanisms. Recent developments include routine Section 19(a) notices issued in December 2024 for distribution updates and portfolio rebalancing activities, alongside periodic index reconstitutions occurring semi-annually to reflect changes in market capitalizations and constituent weights. Franklin Templeton, the fund's issuer, expanded its broader ETF offerings through strategic partnerships such as those with online brokers flatex, S Broker, and easybank in Germany and Austria in July 2025 to enhance European distribution, and a multi-year alliance with Wand AI announced in October 2025 to advance agentic AI applications in asset management; while not specific to FLAX, these initiatives support the firm's passive ETF platform, including Asia ex Japan exposure. Additionally, the firm completed the acquisition of Apera Asset Management in September 2025 and formed infrastructure partnerships with Copenhagen Infrastructure Partners, DigitalBridge, and Actis, reflecting ongoing operational enhancements and product diversification within its $50 billion global ETF suite. As of late 2025, FLAX maintains stable trading characteristics with 1.2 million shares outstanding, average daily volume around 4,600 shares, and a 30-day median bid-ask spread of 0.20%.