Franklin FTSE Italy ETF
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Company Overview
Franklin FTSE Italy ETF is an exchange-traded fund that seeks to track the performance of the FTSE Italy RIC Capped Index. The fund invests at least 80% of its assets in the component securities of the underlying index and in depositary receipts representing such securities. The index is designed to measure the performance of Italian large and mid-capitalization stocks.
Revenue Sources
As an ETF that tracks Italian stocks, the fund holds positions in multiple companies including banks and insurance companies that derive significant revenue from interest-based activities. Several of the fund's top holdings are major Italian financial institutions like Intesa Sanpaolo and UniCredit which have interest-based lending as their core business model.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
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As an investment vehicle, the ETF itself does not directly generate or pay significant interest. However, many of its underlying holdings are financial institutions that fundamentally rely on interest-based operations.
Operational Ethics
After reviewing available information about the ETF's holdings and operations, there is no evidence of significant ongoing associations with entities involved in human rights violations.
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