Franklin FTSE South Africa ETF

Frequently Asked Questions About FLZA

What does FLZA invest in?

Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the index and in depositary receipts representing such securities. The index is based on the FTSE South Africa Index and is designed to measure the performance of South African large- and mid-capitalization stocks. The fund will concentrate its investments in a particular industry or group of industries to approximately the same extent that the index is concentrated. It is non-diversified.

What is the expense ratio of FLZA?

Franklin FTSE South Africa ETF (FLZA) charges an expense ratio of 0.19%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FLZA?

Franklin FTSE South Africa ETF (FLZA) manages $2.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FLZA actively managed or an index fund?

FLZA is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (FLZA's is 0.19%) because there's no security selection cost.

When was FLZA launched?

Franklin FTSE South Africa ETF (FLZA) launched in October 2018 and is managed by Franklin Templeton.

How has FLZA performed?

FLZA's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.