# Portfolio overlap — FLAX vs DBEM

Comparing **Franklin FTSE Asia ex Japan ETF** (2026-03-31) and **Xtrackers MSCI Emerging Markets Hedged Equity ETF** (2026-02-27).

- Shared positions: 877
- Franklin FTSE Asia ex Japan ETF covered by Xtrackers MSCI Emerging Markets Hedged Equity ETF: 0.7607108452529553869112947371
- Xtrackers MSCI Emerging Markets Hedged Equity ETF covered by Franklin FTSE Asia ex Japan ETF: 0.7607108452529553869112947370

## Franklin FTSE Asia ex Japan ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TSMC | 0.137438 | ✓ |
| SAMSUNG ELECTRONICS CO LTD | 0.052722 | ✓ |
| TENCENT HOLDINGS LTD | 0.039258 | ✓ |
| SK HYNIX INC | 0.029244 | ✓ |
| BABA-W | 0.027908 | ✓ |
| AIA Group Ltd | 0.011670 |  |
| RELIANCE INDUSTRIES LTD(DEMAT)DEMATERIALIZED SHS | 0.009926 | ✓ |
| CCB-H | 0.009686 | ✓ |
| DBS GROUP HLDGS | 0.009146 |  |
| HDFC BANK LTD | 0.008985 | ✓ |
| DELTA ELEC | 0.008530 | ✓ |
| PDD HOLDINGS INC ADR | 0.008062 | ✓ |
| HON HAI | 0.007269 | ✓ |
| XIAOMI CORP-W | 0.007195 | ✓ |
| ICBC-H | 0.007173 | ✓ |
| MEDIATEK | 0.007050 | ✓ |
| ICICI BANK LTD | 0.006894 | ✓ |
| SAMSUNG ELE-PREF | 0.006139 | ✓ |
| HKEX | 0.006046 |  |
| OCBC BANK | 0.005816 |  |
| MEITUAN-W | 0.005812 | ✓ |
| BHARTI AIRTEL LIMITED | 0.005722 | ✓ |
| PING AN-H | 0.005180 | ✓ |
| BYD COMPANY LTD H | 0.005104 | ✓ |
| INFOSYS LTD COMMON STOCK | 0.004661 | ✓ |
| BANK OF CHINA-H | 0.004439 | ✓ |
| NETEASE INC | 0.004032 | ✓ |
| HYUNDAI MOTOR CO | 0.004024 | ✓ |
| UNITED OVERSEAS | 0.003604 |  |
| JD-SW | 0.003575 | ✓ |
| ASE TECHNOLOGY H | 0.003510 | ✓ |
| KB FINANCIAL GRO | 0.003402 | ✓ |
| BIDU-SW | 0.002993 | ✓ |
| MAHINDRA & MAHIN | 0.002979 | ✓ |
| TRIP.COM GROUP L | 0.002962 | ✓ |
| PETROCHINA-H | 0.002944 | ✓ |
| AXIS BK LTD | 0.002886 | ✓ |
| SINGAPORE TELECO (LOT SIZE 100) | 0.002812 |  |
| SK SQUARE CO LTD | 0.002809 | ✓ |
| HANWHA AEROSPACE | 0.002785 | ✓ |
| CTBC FINANCIAL | 0.002740 | ✓ |
| DOOSAN ENERBILIT | 0.002712 | ✓ |
| TATA CONSULTANCY VSS LTD | 0.002616 | ✓ |
| ZIJIN MINING-H | 0.002566 | ✓ |
| LARSEN and TOUBRO LTD | 0.002562 | ✓ |
| SHINHAN FINANCIA | 0.002494 | ✓ |
| CHINA MERCHANTS BANK-H COMMON STOCK | 0.002454 | ✓ |
| Bajaj Finance Ltd | 0.002440 | ✓ |
| CHINA LIFE-H | 0.002411 | ✓ |
| ELITE MATERIAL | 0.002375 | ✓ |

## Xtrackers MSCI Emerging Markets Hedged Equity ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TSMC | 0.133019 | ✓ |
| SAMSUNG ELECTRONICS CO LTD | 0.060098 | ✓ |
| TENCENT HOLDINGS LTD | 0.035724 | ✓ |
| SK HYNIX INC | 0.033972 | ✓ |
| BABA-W | 0.025240 | ✓ |
| HDFC BANK LTD | 0.009402 | ✓ |
| CCB-H | 0.008349 | ✓ |
| HON HAI | 0.008200 | ✓ |
| MEDIATEK | 0.008063 | ✓ |
| DELTA ELEC | 0.007545 | ✓ |
| RELIANCE INDUSTRIES LTD(DEMAT)DEMATERIALIZED SHS | 0.007169 | ✓ |
| SAMSUNG ELE-PREF | 0.006869 | ✓ |
| ICICI BANK LTD | 0.006734 | ✓ |
| XIAOMI CORP-W | 0.006504 | ✓ |
| PDD HOLDINGS INC ADR | 0.006190 | ✓ |
| DWS GOVERNMENT MONEY MARKET SERIES INSTITUTIONAL SHARES | 0.005488 |  |
| ANGLOGOLD ASHANTI PLC | 0.005370 |  |
| VALE SA | 0.005335 |  |
| HYUNDAI MOTOR CO | 0.005313 | ✓ |
| PING AN-H | 0.004981 | ✓ |
| ICBC-H | 0.004544 | ✓ |
| AL RAJHI BANK | 0.004502 |  |
| BHARTI AIRTEL LIMITED | 0.004477 | ✓ |
| GOLD FIELDS LTD | 0.004383 |  |
| MEITUAN-W | 0.004335 | ✓ |
| NU HOLDINGS LTD/CAYMAN ISLANDS | 0.004248 |  |
| ITAU UNIBAN-PREF | 0.004114 |  |
| INFOSYS LTD COMMON STOCK | 0.003903 | ✓ |
| BYD COMPANY LTD H | 0.003725 | ✓ |
| NASPERS NPV | 0.003647 |  |
| BANK OF CHINA-H | 0.003559 | ✓ |
| ASE TECHNOLOGY H | 0.003526 | ✓ |
| SK SQUARE CO LTD | 0.003480 | ✓ |
| SAUDI ARABIAN OI | 0.003398 |  |
| KB FINANCIAL GRO | 0.003372 | ✓ |
| NETEASE INC | 0.003367 | ✓ |
| GRUPO MEXICO-B | 0.003326 |  |
| PETROBRAS-PREF | 0.002946 |  |
| BIDU-SW | 0.002941 | ✓ |
| MAHINDRA & MAHIN | 0.002931 | ✓ |
| AXIS BK LTD | 0.002927 | ✓ |
| ZIJIN MINING-H | 0.002847 | ✓ |
| SAUDI NATIONAL B | 0.002799 |  |
| KIA CORP | 0.002780 | ✓ |
| DOOSAN ENERBILIT | 0.002774 | ✓ |
| TRIP.COM GROUP L | 0.002738 | ✓ |
| LARSEN and TOUBRO LTD | 0.002706 | ✓ |
| VALTERRA PLATINU | 0.002646 |  |
| JD-SW | 0.002643 | ✓ |
| FIRSTRAND LTD | 0.002630 |  |


## Sources

- N-PORT (fund A) — accession `0000940400-26-020174` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1655589/000094040026020174/0000940400-26-020174-index.htm>
- N-PORT (fund B) — accession `0000940400-26-015658` (as of 2026-02-27)
  <https://www.sec.gov/Archives/edgar/data/1503123/000094040026015658/0000940400-26-015658-index.htm>

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