Franklin FTSE Eurozone ETF
FLEU
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- Franklin FTSE Eurozone ETF (FLEU) is an exchange-traded fund that seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Developed Eurozone Index, a free float-adjusted market capitalization weighted index measuring large- and mid-capitalization stocks from developed Eurozone countries including Austria, Belgium, Finland, France, Germany, Ireland, Italy, the Netherlands, Portugal and Spain. The fund invests at least 80% of its assets in component securities of the underlying index and depositary receipts representing such securities; it offers passive exposure to Eurozone equities across sectors such as financials (26%), industrials (21%), information technology (12%), consumer discretionary (11%) and others, with top holdings including ASML Holding NV, SAP SE, Siemens AG, Allianz SE and LVMH Moet Hennessy Louis Vuitton SE. Launched on November 2, 2017 and listed on NYSE Arca with ticker FLEU and CUSIP 35473P645, the ETF maintains a low expense ratio of 0.09%, total net assets of approximately $57.65 million, 269 holdings and semi-annual index reconstitution. Headquartered through its issuer Franklin Templeton in the United States, FLEU targets investors seeking cost-effective, unhedged exposure to Eurozone markets without direct investment in the index. In a significant reorganization effective August 1, 2023, the fund—formerly known as Franklin FTSE Europe Hedged ETF with ticker FLEH—changed its name to Franklin FTSE Eurozone ETF (FLEU), adopted the FTSE Developed Eurozone Index as its new underlying benchmark (replacing the prior FTSE Developed Europe Capped Hedged Index) and modified its principal investment strategies to focus on unhedged Eurozone exposure. No further major acquisitions, partnerships, funding rounds, product launches or strategic expansions specific to FLEU have been reported in the last 1-2 years. The ETF remains managed by Franklin Advisory Services, LLC, with co-managers including Franklin Templeton Institutional, LLC, and continues to emphasize tax efficiency, liquidity and broad sector diversification within the Eurozone.