Key stats
About FRANKLIN EMERGING MARKETS EQUITY INDEX ETF
Expense ratio
0.69%
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Inception date
Jan 29, 2018
The fund offers a multi-factor take on emerging market equities that aims to maintain similar characteristics to its parent index, the MSCI Emerging Markets Index. The fund aims to enhance exposure to four factors: quality, value, momentum, and low volatility, subject to exposure constraints. Quality factor is designated 50%, value at 30%, momentum at 10% and low volatility at 10%. The index holds 200 stocks with the highest rank. These same four factors also determine each constituents weight, scaled to market capitalization. FLEM is rebalanced and reconstituted semi-annually. At each rebalance, each constituents weight is normalized to its weight within the parent index. These modest tilts and broad exposure suggest the fund is designed as a core, long-term holding rather than a short-term factor play. Issuer weights are capped at 1%.
Classification
What's in the fund
Exposure type
Finance
Electronic Technology
Stock breakdown by region