Franklin FTSE Taiwan ETF
FLTW
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- Franklin FTSE Taiwan ETF (FLTW) is an exchange-traded fund that seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Taiwan RIC Capped Index, a market-cap weighted benchmark comprising large- and mid-capitalization stocks listed on the Taiwan Stock Exchange. The fund invests in a diversified portfolio of approximately 130 equity securities across sectors including information technology (approximately 70%), financials (16%), industrials (4%), materials (3%), and communication services (3%); top holdings include Taiwan Semiconductor Manufacturing Company Limited (21%), MediaTek Inc. (7%), Hon Hai Precision Industry Co., Ltd. (6%), Delta Electronics, Inc. (3%), and Quanta Computer Inc. (2%). It offers semi-annual dividend distributions and trades on the NYSE Arca exchange with an expense ratio of 0.19%. Launched on November 2, 2017, by Franklin Resources, Inc. through its Franklin Templeton ETF Trust, FLTW is co-managed by Franklin Advisory Services, LLC and Franklin Templeton Institutional, LLC, and is domiciled in the United States with principal operations aligned to Franklin Templeton's global headquarters in San Mateo, California. The fund targets investors seeking cost-effective, passive exposure to the Taiwanese equity market, emphasizing growth and value stocks while applying single-security weight caps to mitigate concentration risk. As of late 2025, total net assets stand at approximately $599 million, with a weighted average market capitalization of $292 billion, price-to-earnings ratio of 20.4x, and price-to-book ratio of 2.63x. In recent years, FLTW has maintained steady portfolio adjustments aligned with semi-annual index reconstitutions, including minor additions such as Chroma ATE Inc. and King Slide Works Co., Ltd., reflecting ongoing evolution in Taiwanese market dynamics dominated by semiconductors and technology exports. Franklin Templeton, the fund's sponsor, has pursued broader strategic expansions, such as completing the acquisition of Apera Asset Management in September 2025 to enhance alternative investment capabilities and forming partnerships including a multi-year alliance with Wand AI in October 2025 for agentic AI in asset management, alongside infrastructure collaborations with Copenhagen Infrastructure Partners, DigitalBridge, and Actis in September 2025. No fund-specific acquisitions, liquidations, or major operational changes have been announced for FLTW within the last 1-2 years, underscoring its stable passive indexing strategy amid Taiwan's tech-driven growth.