Franklin FTSE Asia ex Japan ETF (FLAX) is a Asia-Pacific regional ETF. As of October 9, 2026, ETF Copilot scores FLAX 6.1 out of 10 — highest on Growth (9.4), lowest on Value (2.7). It trades at 14.9 times earnings, against its own median of 13.7. Its ten largest holdings are 41% of the fund.
What stands out in FLAX's data
Asia-Pacific stocks, excluding Japan, across a broad range of holdings.
Earns more on its capital than the typical Asia ex-Japan fund — a sign the holdings generate better returns on what they invest.
Return on invested capital of 28.0% sits above the category median of 21.1% and its own historical median of 17.9%. Holdings 1,617 names across the region.
A broad Asia-Pacific sleeve that tilts toward companies with stronger profitability.
Why did FLAX move this week? It fell 1.6% in the week to October 9, 2026 — SK Hynix and Samsung Electronics drove it
FLAX fell 1.6% in the week to October 9, 2026. The holdings that moved it most were SK Hynix (−8.3%), Samsung Electronics (−4.7%) and Mediatek (−5.3%); Taiwan Semiconductor (+1.9%) pushed the other way.
How is FLAX rated? ETF Copilot scores Franklin FTSE Asia ex Japan ETF (FLAX) 6.1 out of 10
As of October 9, 2026, ETF Copilot scores Franklin FTSE Asia ex Japan ETF (FLAX) 6.1 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 6.1 / 10
- Growth: 9.4 / 10
- Value: 2.7 / 10
- Risk: 3.0 / 10
- Quality: 6.9 / 10
- Return: 6.5 / 10
Is FLAX expensive right now? It trades at 14.9 times earnings, against its own median of 13.7
As of October 9, 2026, FLAX is more expensive than 64% of its own last 9 years.
Trailing 12 months, built from FLAX's holdings. How we calculate this →
What's inside FLAX? 47% Tech
What's inside FLAX: Size (Large 68%, Mid 27%, Small 5%); Geography (International 100%, US 0%); Tech 47.4%; AI 1.1%; Semiconductors 27.9%; Memory 17.7%.
What are FLAX's top holdings? The ten largest are 41% of the fund
Taiwan Semiconductor Manu, Samsung Electronics, SK Hynix, Tencent, Alibaba, Mediatek, DBS, Delta Electronics, Samsung Electronics-Pref and China Construction Bank are FLAX's largest holdings, in that order.
More concentrated than 50% of Asia Pacific ETFs.
Half of FLAX's weight sits in its 27 largest positions, and once those weights are taken into account it behaves like 26 equally weighted holdings.
What is FLAX's expense ratio? 0.19% a year
As of October 9, 2026, FLAX charges 0.19% a year, yields 2.03% and holds $58M in assets across 1617 positions.
| Measure | FLAX |
|---|---|
| Expense ratio | 0.19% |
| Dividend yield | 2.03% |
| Assets under management | $58M |
| Holdings | 1617 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Franklin FTSE Asia ex Japan ETF (FLAX) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/flax
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