Franklin FTSE Australia ETF (FLAU)

Profile

Franklin FTSE Australia ETF is an exchange-traded fund that seeks to provide investment results closely corresponding, before fees and expenses, to the performance of the FTSE Australia RIC Capped Index. This market-cap weighted benchmark measures the performance of large- and mid-capitalization Australian stocks, with security weights capped to limit over-concentration in any single holding. The fund invests at least 80% of its assets in the index's component securities and depositary receipts representing them, offering passive exposure to the Australian equity market. Its portfolio spans 105 holdings across key sectors, led by financials and materials, followed by industrials, consumer discretionary, real estate, health care, energy, consumer staples, communication services, information technology, utilities, and minimal cash equivalents. With semi-annual dividend distributions and a low expense ratio, Franklin FTSE Australia ETF serves as a cost-effective vehicle for targeted access to Australia's developed market, managed by Franklin Advisory Services. Launched in 2017, it enables investors to participate in the performance of prominent Australian companies while mitigating single-stock risk through capping.