ETF Evaluator:
Franklin FTSE Taiwan ETF (FLTW)
Follow This ETF
(as of Jul 31)
Best Performing in Greater China Region Over the Last Year
| 131.8% | KraneShares SSE STAR Market 50 ETF (KSTR) |
| 116.9% | VanEck ChiNext Innovators ETF (CNXT) |
| 103.9% | Franklin FTSE Taiwan ETF (FLTW) |
| 98.9% | iShares MSCI Taiwan ETF (EWT) |
| 85.9% | Matthews China Innovators Active ETF (MCHS) |
Risk
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Risk
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ETF Details
Franklin FTSE Taiwan ETF Overview
Franklin FTSE Taiwan ETF (FLTW) is a passively managed International Equity Greater China Region exchange-traded fund (ETF). Franklin Templeton Investments launched the ETF in 2017.
The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Taiwan RIC Capped Index (the FTSE Taiwan Capped Index).
Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the FTSE Taiwan Capped Index and in depositary receipts representing such securities. The FTSE Taiwan Capped Index is based on the FTSE Taiwan Index and is designed to measure the performance of Taiwanese large- and mid-capitalization stocks. The fund is non-diversified.
About Franklin FTSE Taiwan ETF (FLTW)
There are 4 members of the management team with an average tenure of 5.77 years: Hailey Harris (2019), Dina Ting (2017), Basit Amin (2022) and Joe Diederich (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: FTSE Taiwan (US RIC) NR USD index with a weighting of 100% and FTSE Taiwan RIC Capped NR USD index with a weighting of 100%. Franklin FTSE Taiwan ETF has 138 securities in its portfolio. The top 10 holdings constitute 54.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Franklin FTSE Taiwan ETF is part of the Equity global asset class and is within the International Equity ETF group. Franklin FTSE Taiwan ETF has 98.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.7% There is 98.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Franklin FTSE Taiwan ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $3 billion in total assets, which is above the $1 billion average for the Greater China Region category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FLTW Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Franklin FTSE Taiwan ETF expense ratio is low compared to funds in the Greater China Region category. Franklin FTSE Taiwan ETF has an expense ratio of 0.19%, which is 71% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Franklin FTSE Taiwan ETF has a portfolio turnover rate of 57%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 57% for the Greater China Region category.
Recently, in the month of June 2026, Franklin FTSE Taiwan ETF returned 2.0%, which earned it a grade of B, as the Greater China Region category had an average return of -1.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Franklin FTSE Taiwan ETF has a trailing yield of 1.59%, which is below the 3.30% category average.
The fund normally distributes its income semi-annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Franklin FTSE Taiwan ETF Grades
Year to date, the ETF has returned 69.1%, 62.9 percentage points better than the category, which translates into a grade of A. The fund has returned 103.9% over the past year (grade of A), 42.3% over the past three years (grade of A) and 21.3% per year over the past five years (grade of A).
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FLTW Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FLTW Return (NAV) | 2.0% | 58.2% | 103.9% | 42.3% | 21.3% | na |
| FLTW Return (Price) | 5.2% | 55.2% | 107.6% | 43.3% | 21.8% | na |
| NAV +/- Price Return | -3.255% | 2.933% | -3.648% | -0.999% | -0.543% | na |
| Greater China Region Avg | -1.6% | 9.3% | 25.1% | 12.4% | -3.2% | 5.6% |
| FLTW Grade (NAV) | B | A | A | A | A | na |
| +/- Category (NAV) | 3.6% | 48.9% | 78.8% | 29.9% | 24.4% | na |
| FLTW Tax-Cost Ratio | na | na | 1.1% | 1.0% | 1.0% | na |
FLTW Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FLTW Return (NAV) | 69.1% | 31.9% | 17.3% | 29.8% | -27.7% | 29.7% | 30.4% | 30.9% | -8.9% | na | na |
| FLTW Return (Price) | 73.8% | 31.9% | 16.7% | 30.1% | -27.5% | 29.5% | 29.8% | 31.2% | -9.3% | na | na |
| NAV +/- Price Ret | 0.068% | 0.001% | -0.036% | 0.010% | -0.009% | -0.007% | -0.021% | 0.9% | 4.5% | na | na |
| Greater China Region Avg | 6.2% | 30.4% | 11.2% | -10.5% | -25.1% | -7.2% | 42.8% | 26.9% | -22.9% | 45.1% | -6.2% |
| FLTW Grade (NAV) | A | B | A | A | D | A | C | C | A | na | na |
| +/- Category | 62.9% | 1.5% | 6.1% | 40.3% | -2.7% | 36.9% | -12.3% | 4.0% | 14.0% | na | na |
| Risk Measures | |
| Beta: | 1.48 |
| R-Squared: | 57% |
| Standard Deviation: | 27.3% |
| Category Risk Index: | 1.06 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 2.24 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 1.6% |
| Total Assets: | $ 3,032 Mil |
| Share Class Assets: | $ 3,032 Mil |
| Turnover: | 57.0% |
| Expense Ratio: | 0.19% |
| Index Fund: | Yes |
| Index Tracked: | FTSE Taiwan (US RIC) NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Semi-Annually |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 8.7 years | |||
| Average Tenure: 5.8 years | |||
| Managers (Year): Ting Dina (2017), Harris Hailey (2019), Amin Basit (2022), Diederich Joe (2022) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 138 |
| % in Top 10 Holdings: | 54.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 98.1% |
Portfolio Allocation |
|
| Domestic Stock: | 1.7% |
| Foreign Stock: | 98.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Franklin Templeton Investments |
| Phone Number: | 800-342-5236 |
| Website: | etf.franklintempleton.com |
| Inception Date: | November 2, 2017 |
Expenses and Fees
| Expense Ratio (%): | 0.19% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.67% |
