FLEU provides exposure to countries belonging to the Eurozone, or those that have fully adopted the Euro as their primary legal tender. The fund tracks a free-float adjusted market-cap weighted index, comprised of large and mid-cap stocks of companies in the developed Eurozone. Company and regulatory factors such as place of incorporation, listing country, investor protection regulations and currency denomination are used to determine eligible securities for the index. The fund may use equity futures and swaps to enhance value and minimize costs, while also engaging in foreign currency contracts to more accurately mirror the returns of the index. The index is rebalanced and reconstituted semi-annually. Prior to August 1, 2023, the fund traded under the ticker FLEH, titled Franklin FTSE Europe Hedged ETF and tracked a broader FTSE Europe RIC Capped Hedged index.