The Franklin FTSE India UCITS ETF (FRIN) is an Ireland-domiciled equity ETF managed by Franklin Templeton and listed on the London Stock Exchange. The fund seeks to track the FTSE India 30/18 Capped Index, a benchmark comprising large- and mid-cap companies in the Indian equity market.

FRIN follows a passive investment strategy and uses full physical replication, investing directly in the stocks represented in its benchmark with the objective of tracking its performance.

The FTSE India 30/18 Capped Index provides exposure to India's large- and mid-cap equity segments while applying limits to individual company weights. This methodology is designed to reduce concentration in individual companies while maintaining diversified exposure within the Indian equity market.

Composition / Exposure Profile

FRIN holds companies across different sectors of the Indian economy, including:

• Financials.

• Technology.

• Energy.

• Consumer discretionary.

• Consumer staples.

• Industrials.

• Materials.

• Health care.

• Communication services.

• Utilities.

Geographic exposure is concentrated in India, providing targeted access to the country's equity market through large- and mid-cap companies.

Although the portfolio is diversified across different companies and sectors, FRIN remains concentrated in a single country and an emerging market. Its performance can therefore be particularly sensitive to economic, political, and regulatory developments in India.

Structure and Costs

The fund has the U.S. dollar as its base currency and trades under the ticker FRIN on the London Stock Exchange.

The ETF has a total expense ratio (TER) of 0.19% per year, uses full physical replication, and is domiciled in Ireland. It operates as part of Franklin Templeton ICAV under the UCITS framework.

FRIN follows an accumulating income policy. Dividends received from portfolio companies are therefore reinvested within the fund rather than periodically distributed to shareholders.

History and Evolution of the ETF

The Franklin FTSE India UCITS ETF (FRIN) was launched in 2019 to provide exposure to large- and mid-cap companies in the Indian equity market through a passive investment strategy.

Since its launch, the fund has maintained a strategy linked to the FTSE India 30/18 Capped Index, tracking companies across different sectors of the Indian economy.

Throughout its history, FRIN's performance has reflected movements in the Indian equity market and factors including economic growth, corporate earnings, financial conditions, regulatory developments, and changes across different sectors of the country's economy.

Additional Information

Franklin FTSE India UCITS ETF (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $1.23 billion.

Over the past 12 months, Franklin FTSE India UCITS ETF recorded a return of -12.27%, with its price trading between $37.76 and $46.16 during the same period.

The ETF is traded under the ticker FRIN.