Franklin FTSE Australia ETF (FLAU) Stock Price, Quote, News & History | Benzinga

Under normal market conditions, the Fund invests at least 80 percent of its assets in the component securities of the FTSE Australia Capped Index and in depositary receipts representing such securities. The FTSE Australia Capped Index is a free float-adjusted market capitalization weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25 percent of the FTSE Australia Capped Index weight, and all issuers with weights above 5 percent do not cumulatively exceed 50 percent of the FTSE Australia Capped Indexs weight. The FTSE Australia Capped Index is based on the FTSE Australia Index and is designed to measure the performance of Australian large- and mid-capitalization stocks. FTSE Russell determines eligible securities for the FTSE Australia Capped Index based on measures such as the companys place of incorporation, listing country, investor protection regulations present in the country of incorporation, tax domicile, location of headquarters/factors of production and currency of denomination.