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Franklin FTSE China UCITS ETFIndex, costs, backtest, listings and taxation

ISIN: IE00BHZRR147Ticker: FLXCIssuer: Franklin TempletonClass: SINGLCLASS
Issuer-declared data
Declared index
FTSE China 30/18 Capped Index-NR
TER
0.19%
Transaction costs
0.03% (issuer estimate, from the KID)
Management
Passive (index-tracking)
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
1.5 bn EUR
NAV
29.71 USD (1 September 2026)
Domicile
Ireland
Inception date
4 June 2019
Data as declared by Franklin Templeton in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

Franklin FTSE China UCITS ETF tracks the issuer-declared index: FTSE China 30/18 Capped Index-NR. The declared annual cost (TER) is 0.19%, plus 0.03% in transaction costs estimated by the issuer in the KID. Replication is optimised physical replication; income is accumulated and reinvested in the fund. The fund has assets of about 1.5 billion euro, was launched on 4 June 2019 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words

Investment Objective To provide exposure to medium and large capitalisation stocks in China.

Keep reading the KID section ▾

Investment PolicyThe Fund invests in equities of Chinese companies of medium and large market capitalisation that are included in the benchmark. The Index is a market-capitalisation weighted index representing the performance of large and mid-cap Chinese stocks included in the FTSE Global Equity Index Series universe. The Index is a subset of the FTSE All World Index and the FTSE Emerging Index. The Index includes B Shares, H Shares, Red Chips, P Chips, S Chips and N Shares (each as described in the Fund supplement) as well as A shares that are available to international investors through Northbound China Stock Connect Scheme. Derivatives and techniques The Fund may use derivatives for hedging and efficient portfolio management purposes. Strategy The investment manager seeks to minimise the difference between the Fund’s performance and that of the benchmark (tracking error), regardless of whether the benchmark level rises or falls. SFDR category Article 6 (does not promote environmental and/or social characteristics or have a sustainable investment objective under EU regulations). Base currency US dollar (USD). Benchmark(s) FTSE China 30/18 Capped Index. Used for index tracking only. The Fund is passively managed and seeks to replicate the benchmark by holding all of the Index securities in a similar proportion to their weighting in the benchmark. Its portfolio, and thus its performance, closely resemble that of the benchmark. Key Information Document Page 1 of 3 Share Class Policy For accumulation shares, income from investments is reinvested in the Fund and reflected in the price of shares. Buying and selling shares You may buy or sell shares daily through a broker on the stock exchange where the shares are traded. Authorised participants, such as selected financial institutions, may buy or sell shares directly with the fund, on any day markets are open for business in the United Kingdom (provided that on such day the markets on which substantially all of the Fund’s investments are traded are open). Intended retail Investor Investors who understand the risks of the Fund and plan to invest for at least 3 to 5 years. The Fund may appeal to investors who: • are looking for long-term investment growth • are interested in exposure to emerging equity markets as part of a diversified portfolio • have a high risk profile and can tolerate significant short-term changes in the share price Product availability The Fund is available to all investors with at least basic investment knowledge, through a wide range of distribution channels, with or without the need for advice. Terms to understand derivatives: Financial instruments whose value is linked to one or more rates, indexes, share prices or other values. equities: Securities that represent partial ownership of a company. efficient portfolio management: A strategy aimed at reducing risk, lowering costs or generating additional capital or income for the Fund through the use of derivatives. These strategies must align with the Funds risk profile. Depositary The Bank Of New York Mellon SA/NV Further Information Please refer to the 'Other relevant information' section below.

From the KID’s “Objectives” section · 2 September 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.19%: below the median of equity ETFs we track (0.22%).
  • Assets larger than 80% of equity ETFs we track.
  • Average tracking difference over the last 3 years: -0.20% p.a., against a declared TER of 0.19%.
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · USD · from Jun 2019 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+18.2%
Annualised
+2.3%
Volatility (ann.)
25.2%
Max drawdown
-61.95%
-33%-2%+28%+58%+88%Jun 2019Mar 2021Jan 2023Nov 2024Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+18%Jun 2019Sept 2026
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-20%-40%-60%-80%2019202120232025−61.95% · 31 Oct 2022
Max drawdown
-61.95%
peak → trough
Trough
31 Oct 2022
from the 17 Feb 2021 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
2,029 days
decline + recovery: peak to break-even · ≈ 5 years and 7 months · (ongoing)

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
17 Feb 202131 Oct 2022-61.95%ongoing2,029
13 Jan 202019 Mar 2020-22.12%23 Jun 2020162
02 Jul 201906 Aug 2019-10.10%05 Nov 2019126
02 Sept 202025 Sept 2020-7.29%12 Oct 202040
09 Jul 202016 Jul 2020-6.98%24 Aug 202046

Calendar-year returns

2019
17.6%
2020
30.5%
2021
-20.3%
2022
-22.9%
2023
-11.9%
2024
19.2%
2025
31.5%
2026
-9.2%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20264.8-4.8-7.73.9-3.3-6.87.7-0.4-1.8-9.2
20250.711.31.9-4.12.83.95.15.49.3-3.7-2.5-1.031.5
2024-10.48.40.76.62.2-2.2-1.20.524.5-5.6-4.22.319.2
202311.6-10.14.3-5.0-8.33.510.6-9.1-2.7-4.42.4-2.4-11.9
2022-3.3-3.5-8.1-5.01.26.6-9.50.1-14.5-16.529.05.1-22.9
20217.2-0.9-6.41.5-0.61.3-13.50.4-4.93.0-5.5-2.6-20.3
2020-4.61.0-6.56.30.18.79.47.1-4.15.42.92.830.5
2019-0.7-4.10.24.01.98.117.6
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Source: Franklin Templeton. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — fund vs index

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 0 of the last 6 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.20% /anno
Declared TER
0.19%
YearFundIndexDifference
2025+31.46%+31.82%-0.36%
2024+19.22%+19.38%-0.16%
2023-11.91%-11.84%-0.07%
2022-22.92%-22.86%-0.06%
2021-20.26%-20.21%-0.06%
2020+30.50%+31.09%-0.59%
Monthly index series (issuer-declared): the yearly TD compounds the 12 months. Total-return figures from issuer-declared series (primary source); complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →

Risk indicators· EUR

Last yearLast 3 yearsLast 5 yearsFull history
Volatility (ann.)18.12%22.22%24.93%24.18%
Max drawdown-20.08%-20.38%-44.14%-55.82%
Sharpe-0.560.26-0.090.12
Sortino-0.770.37-0.140.18
Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.21%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
1,165
Top-10 weight
38.6%

Top 10 holdings

TENCENT HOLDI HKD 0.00002 · 700
11.99%
ALIBABA G USD 0.000003125 · 9988
9.52%
CHINA CONSTRUCTION CNY 1 · 939
3.51%
IND & COMM BK OF CH CNY 1 · 1398
2.60%
PDD HOLDI USD 0.00002 ADR · PDD
2.26%
XIAOMI CORP USD 0.0000025 · 1810
2.12%
MEITUAN-CLASS USD 0.00001 · 3690
1.86%
BANK OF CHINA LTD-H CNY 1 · 3988
1.62%
PING AN INSURANCE G CNY 1 · 2318
1.61%
NETEASE INC USD 0.0001 · 9999
1.54%

Sectors

Beni di consumo discrezionali
23.6%
Finanziari
20.0%
Servizi di comunicazione
16.1%
Tecnologia Informatica
10.3%
Industriali
7.7%
Assistenza Sanitaria
6.4%
Materiali
5.7%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChileChina: 98.3%Ivory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermanyDjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpainEstoniaEthiopiaFinlandFijiFalkland IslandsFranceGabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIrelandIranIraqIcelandIsraelItalyJamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlandsNorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSwedenSwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 0.8%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
China98.3%
United States0.8%
Hong Kong0.5%
Singapore0.3%
Download the full portfolio — Excel, 1,165 rows
Full portfolio declared by Franklin Templeton, as of 26 August 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Italian taxation

Effective rate on capital gains
26.00%
White-list share
0.00%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE00BHZRR147
  • Directazero within the savings plan (buys)
  • Directazero on single buys from 1,000 €, agreement until 30 June 2027
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

ExchangeTickerTrading since
Borsa Italiana (ETFplus)FLXC7 Jun 2019
Börse DüsseldorfFLXC19 Nov 2019
Börse FrankfurtFLXC5 Jun 2019
Börse HamburgFLXC5 Jun 2019
Börse HannoverFLXC9 Dec 2024
Börse München / gettexFLXC29 Aug 2019
Börse StuttgartFLXC7 Jun 2019
Euronext AmsterdamFLXC15 Sept 2021
Tradegate ExchangeFLXC2 Dec 2019
Xetra (Deutsche Börse)FLXC5 Jun 2019
+ 16 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does Franklin FTSE China UCITS ETF track?
The issuer Franklin Templeton declares the benchmark: FTSE China 30/18 Capped Index-NR.
How much does FLXC cost?
The issuer-declared TER is 0.19% per year; the transaction costs estimated in the KID are 0.03%.
How is FLXC taxed in Italy?
On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of FLXC?
The fund size declared by Franklin Templeton is about 1.5 billion euro.
When was FLXC launched?
The fund was launched on 4 June 2019: it has 7 years of history.
How does FLXC replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (optimised) (issuer wording: “Optimised”).
Does FLXC pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulating”).
Where does FLXC trade?
Per the official ESMA register it trades on 10 main exchanges, including Borsa Italiana (ETFplus) (FLXC), Börse Düsseldorf (FLXC), Börse Frankfurt (FLXC), Börse Hamburg (FLXC), Börse Hannover (FLXC), Börse München / gettex (FLXC).
What was FLXC's worst fall?
Over the available history (since 2019), the maximum drawdown was -61.95%, reached in October 2022. Past performance is not indicative of future results.
What is FLXC's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.20% per year versus its index (from issuer-declared series).
How many securities does FLXC hold?
The declared portfolio holds 1,165 securities; the top 10 positions weigh 38.6%.
Transparency note
The data in this sheet is declared by Franklin Templeton in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.