OpenList — Active ETFs

Franklin Euro Short Maturity UCITS ETF

Fixed Income · Europe · Short-Term Bonds

Figures refer to the share class ISIN IE000STIHQB2, currency EUR.

Fund documents

Check the share class and reporting date in each document.

Factsheet (PDF, 31.08.2026)KID (PDF, 06.08.2026)

Key facts

Associated firm
Franklin Templeton International Services S.à r.l.
Asset class
Fixed Income
Geography
Europe
Strategy
Short-Term Bonds
Share class currency
EUR
Share class inception
24.04.2023
Fund size
592 million (as at 14.09.2026)
Management fee
0.05%
Performance fee
No
UCITS
Yes
Registered in Switzerland
Yes

Price history

Fund rebased to 100 at 05.10.2023; benchmark rebased to 100 at 31.10.2023.

100102104106108202420252026108.3109.2Fund (share class shown)Benchmark100102104106108202420252026108.3109.2Fund (share class shown)Benchmark
Table view
PeriodFromFund (100 at start)Benchmark fromBenchmark (100 at start)
1Y03.10.2025101.505.10.2025102.0
Since 202305.10.2023109.231.10.2023108.3

Total return: distributions reinvested.
In EUR, the currency of the share class shown.
Comparison: Compounded cash-rate comparison.
Assigned benchmark: €STR. The comparison shows a compounded cash rate.
Fund history to 02.10.2026.
Benchmark history to 29.09.2026.
The table shows each series at its own ending date; the comparison periods are not identical.
Past performance is not a reliable indicator of future results, and the value of investments can fall as well as rise.

Performance against the benchmark

Data as of 31.08.2026.

04YTD: Fund 1.15%YTD: €STR 1.35%YTD1Y: Fund 1.77%1Y: €STR 2.00%1Y3Y p.a.: Fund 3.09%3Y p.a.: €STR 2.86%3Y p.a.2025: Fund 2.40%2025: €STR 2.20%20252024: Fund 4.25%2024: €STR 3.72%2024Fund (share class shown)BenchmarkYTDYTD: Fund 1.15%1.15YTD: €STR 1.35%1.351Y1Y: Fund 1.77%1.771Y: €STR 2.00%2.003Y p.a.3Y p.a.: Fund 3.09%3.093Y p.a.: €STR 2.86%2.8620252025: Fund 2.40%2.402025: €STR 2.20%2.2020242024: Fund 4.25%4.252024: €STR 3.72%3.72Fund (share class shown)Benchmark
1M3M6MYTD2025202420231Y3Y5YVolatilitySharpe R.Max DD
FundISIN IE000STIHQB2, currency EUR0.140.390.731.152.404.251.773.090.470.78
Benchmark€STR0.190.541.031.352.203.723.262.002.862.06–––
Differencefund minus benchmark, in percentage points-0.04-0.15-0.30-0.200.200.53-0.230.23–––

Within the list: OpenList — Active ETFs

Compared with the fixed income funds on OpenList — Active ETFs (11 funds), each in the share class and currency its list shows. Returns are in each share class's own currency and are not converted.

This fundGroup medianPosition
Return 1Y1.771.776 of 11
Return 3Y p.a.3.095.029 of 9
3Y p.a. over its own benchmark0.23-0.092 of 9
Volatility 3Y0.473.561 of 9
Sharpe ratio 3Y0.780.452 of 8
Management fee0.05%0.19%1 of 7

Position 1 is the highest value, except for volatility and the management fee, where 1 is the lowest; for max drawdown, 1 is the smallest fall.

Return against risk, 3 years

010Return 3Y p.a. (%)Volatility 3Y (%)07JPMorgan EUR 1-5 yr IG Corporate Bond Active UCITS ETF: volatility 2.17%, return 4.03% p.a.BNP PARIBAS EASY II EUR Credit PAB Opportunities UCITS ETF: volatility 3.56%, return 4.20% p.a.JPMorgan USD IG Corporate Bond Active UCITS ETF: volatility 6.39%, return 5.02% p.a.JPMorgan Global High Yield Corporate Bond Multi-Factor Active UCITS ETF: volatility 4.99%, return 9.04% p.a.Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF: volatility 3.36%, return 3.98% p.a.Fidelity ESG USD EM Bond UCITS ETF: volatility 6.35%, return 7.88% p.a.Fidelity Global Corporate Bond Research Enhanced PAB UCITS ETF: volatility 6.52%, return 5.45% p.a.PIMCO Advantage US Low Duration Corporate Bond UCITS ETF: volatility 2.61%, return 5.32% p.a.Franklin Euro Short Maturity UCITS ETF: volatility 0.47%, return 3.09% p.a.This fund010Return 3Y p.a. (%)Volatility 3Y (%)07JPMorgan EUR 1-5 yr IG Corporate Bond Active UCITS ETF: volatility 2.17%, return 4.03% p.a.BNP PARIBAS EASY II EUR Credit PAB Opportunities UCITS ETF: volatility 3.56%, return 4.20% p.a.JPMorgan USD IG Corporate Bond Active UCITS ETF: volatility 6.39%, return 5.02% p.a.JPMorgan Global High Yield Corporate Bond Multi-Factor Active UCITS ETF: volatility 4.99%, return 9.04% p.a.Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF: volatility 3.36%, return 3.98% p.a.Fidelity ESG USD EM Bond UCITS ETF: volatility 6.35%, return 7.88% p.a.Fidelity Global Corporate Bond Research Enhanced PAB UCITS ETF: volatility 6.52%, return 5.45% p.a.PIMCO Advantage US Low Duration Corporate Bond UCITS ETF: volatility 2.61%, return 5.32% p.a.Franklin Euro Short Maturity UCITS ETF: volatility 0.47%, return 3.09% p.a.This fund

Fund commentary

Investment rationale

Franklin Euro Short Maturity UCITS ETF is designed to provide a combination of income and capital growth through exposure to the euro-denominated short-term bond market. The KID classifies it in risk class 2 out of 7 and states a recommended holding period of 3 years, while the intended retail investor is someone who understands the risks, plans to invest for at least 3 to 5 years, has at least basic investment knowledge, and can tolerate moderate short-term changes in share price. The fund may appeal to investors seeking a comparatively stable fixed-income allocation and short-term bond exposure as part of a diversified portfolio. Its distinct profile comes from its focus on short-maturity EUR investment grade corporate and government bonds from issuers anywhere in the world, combined with Article 8 ESG characteristics and active management versus a comparator benchmark.

Investment strategy

The fund’s objective is to maximise income and growth of capital (total return) in the euro-denominated short-term bond market. It mainly invests in short-maturity, EUR-denominated investment grade corporate and government bonds from anywhere in the world; to a lesser extent it may invest in below-investment-grade bonds, defaulted securities, convertible securities including contingent convertible bonds, asset- and mortgage-backed securities, and perpetual bonds. As of 31 August 2026, the portfolio held 90 securities, with average credit quality of AA-, average weighted maturity of 0.84 years, effective duration of 0.75 years, and yield to maturity of 2.79%. The benchmark is the ICE BofA 0-1 Year Euro Broad Market Index, used for performance comparison only, and the fund is actively managed and may deviate materially from it. The fund may use derivatives for hedging, efficient portfolio management and investment purposes, and as an accumulation share class it reinvests income; the KID states a recommended holding period of 3 years.

Investment philosophy

• The fund invests mainly in EUR-denominated, short-maturity investment grade corporate and government bonds, with the investment universe able to include issuers from anywhere in the world.

• It may also invest to a lesser extent in below investment grade bonds, securities in default, convertible securities including contingent convertible bonds, asset- and mortgage-backed securities, and perpetual bonds, and may use derivatives for hedging, efficient portfolio management and investment purposes.

• The fund is actively managed against the ICE BofA 0-1 Year Euro Broad Market Index, which is used only for performance comparison, so portfolio construction can differ materially from the benchmark.

• The investment manager applies a proprietary ESG rating methodology using various ESG criteria; the fund excludes issuers lagging in the transition to a low-carbon economy and excludes or restricts certain industries such as fossil fuel exploration and production, weapons, and tobacco.

• Positioning at 31 August 2026 showed 90 holdings with major weights in government-related issuers such as Bundesobligation (12.74%) and Bundesschatzanweisungen (8.84%); sector exposure includes 54.83% government bonds, 26.07% corporate investment grade credit, 12.62% quasi-sovereign, 1.08% securitised, -15.18% derivatives-interest rate, and 20.58% cash and cash equivalents.

Management team

The named portfolio managers are David Zahn, CFA, and Rod MacPhee, CFA. The 31 August 2026 factsheet lists David Zahn with 20 years with the firm and 32 years of experience, while Rod MacPhee is shown with 13 years with the firm and 19 years of experience.

The asset manager

The management company and manufacturer is Franklin Templeton International Services S.à r.l. (FTIS), which is part of the Franklin Templeton group of companies. The fund is a sub-fund of Franklin Templeton ICAV, an Irish UCITS umbrella fund with segregated liability between sub-funds. The documents identify Franklin Templeton International Services S.à r.l. as supervised by the Commission de Surveillance du Secteur Financier in Luxembourg and give its address as 8A, rue Albert Borschette, L-1246 Luxembourg.

Strengths

A distinguishing feature is the combination of short-duration euro fixed income exposure with an ETF structure and a stated total expense ratio of 0.15%. At 31 August 2026, the portfolio had average credit quality of AA-, while still drawing from both corporate and government issuers globally and retaining flexibility to use derivatives. The fund also has explicit Article 8 SFDR commitments and applies a proprietary ESG methodology with exclusions tied to low-carbon transition and industries such as fossil fuels, weapons, and tobacco. It is listed on Borsa Italiana, Deutsche Börse Xetra, and SIX Swiss Exchange, and had total net assets of €597.73 million as of 31 August 2026.

Risks

The KID classifies the fund as risk class 2 out of 7, indicating a low risk class, but it states there is no capital guarantee and investors could lose some or all of their investment. The documents name credit risk, reflecting potential issuer default on principal or interest, and note this risk is higher if the fund holds low-rated or sub-investment-grade securities; the investment policy also allows limited exposure to below-investment-grade bonds, defaulted securities, contingent convertible bonds, and securitised assets. Counterparty risk is identified because the fund may enter financial contracts with institutions or agents, and derivative instruments risk is highlighted because small moves in underlying assets may have a larger impact on derivatives and add liquidity, credit, and counterparty risks. Secondary market trading risk applies because ETF shares bought on exchange cannot usually be sold directly back to the fund, so investors may buy above NAV or sell below NAV, and currency risk may affect returns where payments are received in a different currency. The documents also note that concentration in particular countries, regions, industries, sectors, or investment types may increase exposure to adverse developments, and the fund’s use of ESG exclusions and sustainability characteristics is framed through its Article 8 investment policy.

WSP report

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Performance: in %, in the currency of the share class shown. 3Y and 5Y are annualised. Volatility and Sharpe ratio are over three years; Max DD is the largest fall over three years.
Benchmark: each fund is measured against the index its own documents name. Where WSP measures a fund against a comparator of its own instead, the row names it: a tracker or a blend of the markets the fund invests in, or a cash-plus hurdle
– means not applicable.
Period figures as of 31.08.2026.

This page is advertising within the meaning of the Swiss Financial Services Act. It is not an offer, a recommendation or investment advice. The prospectus and key information document for any fund shown may be obtained free of charge from its management company or Swiss representative