Franklin FTSE Japan ETF (FLJP) is an exchange-traded fund that seeks investment results tracking the FTSE Japan RIC Capped Index, a market-cap-weighted benchmark of large- and mid-capitalization Japanese equities with constituent caps to mitigate concentration risk; it holds approximately 488 stocks spanning sectors such as industrials (25%), consumer discretionary (17%), financials (16%), information technology (13%), and communication services (7%), with top holdings including Toyota Motor Corporation, Mitsubishi UFJ Financial Group, Sony Group Corporation, Hitachi Ltd., and Sumitomo Mitsui Financial Group. The ETF offers broad exposure to Japanese equities listed primarily on the Tokyo Stock Exchange, targeting institutional and retail investors seeking cost-effective access to Japan's developed market with an expense ratio of 0.09%, semi-annual distributions, and secondary market trading on NYSE Arca. Issued by Franklin Templeton ETF Trust and managed by Franklin Advisory Services, LLC, FLJP was launched on November 2, 2017, and is domiciled in the United States with headquarters aligned to Franklin Templeton's operations in San Mateo, California.
FLJP maintains a passive indexing strategy focused on Japan equity, providing diversified exposure across market segments without active management overlays; it reconstitutes semi-annually to reflect index changes and emphasizes tax efficiency through ETF structure. The fund serves global investors interested in Japanese economic growth drivers like manufacturing, technology, and financial services, with assets under management exceeding $2.5 billion as of late 2025.