Franklin Euro Short Maturity UCITS ETF
Fixed Income · Europe · Short-Term Bonds
Figures refer to the share class ISIN IE000STIHQB2, currency EUR.
Recent performance
The EUR class returned +1.48% over one year to 2026-09-30. The WSP comparator (€STR) returned +2.06%, a difference of -0.58 percentage points. Over the final three months, the fund returned +0.07%.
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
Performance in context
Growth from the same starting value
Fund · WSP comparator: €STR
Exact chart values
| Month | Fund | WSP comparator: €STR |
|---|---|---|
| 2023-10 | 100.00 | 100.00 |
| 2023-11 | 100.39 | 100.33 |
| 2023-12 | 100.94 | 100.64 |
| 2024-01 | 101.41 | 101.00 |
| 2024-02 | 101.72 | 101.32 |
| 2024-03 | 102.15 | 101.63 |
| 2024-04 | 102.34 | 101.99 |
| 2024-05 | 102.68 | 102.34 |
| 2024-06 | 103.08 | 102.64 |
| 2024-07 | 103.53 | 102.98 |
| 2024-08 | 103.90 | 103.30 |
| 2024-09 | 104.37 | 103.61 |
| 2024-10 | 104.57 | 103.91 |
| 2024-11 | 105.02 | 104.18 |
| 2024-12 | 105.23 | 104.46 |
| 2025-01 | 105.46 | 104.73 |
| 2025-02 | 105.78 | 104.95 |
| 2025-03 | 105.92 | 105.17 |
| 2025-04 | 106.28 | 105.38 |
| 2025-05 | 106.48 | 105.57 |
| 2025-06 | 106.71 | 105.76 |
| 2025-07 | 106.91 | 105.93 |
| 2025-08 | 107.10 | 106.09 |
| 2025-09 | 107.27 | 106.28 |
| 2025-10 | 107.49 | 106.45 |
| 2025-11 | 107.61 | 106.61 |
| 2025-12 | 107.76 | 106.80 |
| 2026-01 | 108.00 | 106.97 |
| 2026-02 | 108.21 | 107.13 |
| 2026-03 | 108.03 | 107.32 |
| 2026-04 | 108.32 | 107.49 |
| 2026-05 | 108.57 | 107.66 |
| 2026-06 | 108.78 | 107.85 |
| 2026-07 | 108.84 | 108.06 |
| 2026-08 | 109.00 | 108.26 |
| 2026-09 | 108.86 | 108.47 |
Growth of 100 · EUR total returns. Monthly observations, income reinvested.
Fund valuations: 2023-10-31 to 2026-09-30. Comparison valuations: 2023-10-31 to 2026-09-30. Each calendar month uses its last available source observation; fund and comparison dates can differ.
Figures as of 30.09.2026. Calendar-year returns cover the years shown.
| 1M | 3M | 6M | YTD | 2025 | 2024 | 2023 | 1Y | 3Y | 5Y | Volatility | Sharpe R. | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FundISIN IE000STIHQB2, currency EUR | -0.13 | 0.07 | 0.76 | 1.02 | 2.40 | 4.25 | —No verified figure for this period. | 1.48 | 2.98 | —Own share class launched 2023-04-24; 5-year history was not yet available at 2026-09-30. | 0.51 | 0.51 | -0.16 |
| Benchmark€STR | 0.19 | 0.57 | 1.07 | 1.56 | 2.24 | 3.80 | 3.28 | 2.06 | 2.87 | 2.13 | – | – | – |
| Differencefund minus benchmark, in percentage points | -0.32 | -0.50 | -0.31 | -0.54 | 0.16 | 0.46 | -0.58 | 0.11 | – | – | – |
Reporting dates by figure
- IE000STIHQB2 — 30.09.2026: 1M, 3M, 6M, YTD, 1Y, 3Y, Volatility, Sharpe R., Max DD, Benchmark 1M, Benchmark 3M, Benchmark 6M, Benchmark YTD, Benchmark 1Y, Benchmark 3Y, Benchmark 5Y; 31.12.2025: 2025, Benchmark 2025; 31.12.2024: 2024, Benchmark 2024; 31.12.2023: Benchmark 2023
Has the advantage depended on the entry date?
The fund finished ahead in 17 of 24 overlapping one-year windows ending 2024-10 to 2026-09. These windows overlap; this is historical frequency, not a forecast probability.
Rolling one-year relative wealth
Exact chart values
| Month | Rolling one-year relative wealth |
|---|---|
| 2024-10 | 0.63 |
| 2024-11 | 0.74 |
| 2024-12 | 0.44 |
| 2025-01 | 0.30 |
| 2025-02 | 0.40 |
| 2025-03 | 0.20 |
| 2025-04 | 0.51 |
| 2025-05 | 0.52 |
| 2025-06 | 0.47 |
| 2025-07 | 0.39 |
| 2025-08 | 0.36 |
| 2025-09 | 0.20 |
| 2025-10 | 0.35 |
| 2025-11 | 0.13 |
| 2025-12 | 0.16 |
| 2026-01 | 0.26 |
| 2026-02 | 0.21 |
| 2026-03 | -0.04 |
| 2026-04 | -0.09 |
| 2026-05 | -0.01 |
| 2026-06 | -0.05 |
| 2026-07 | -0.19 |
| 2026-08 | -0.27 |
| 2026-09 | -0.57 |
Relative wealth = (1 + fund return) ÷ (1 + benchmark return) − 1. It differs from subtracting percentage returns.
How far below its previous high?
Fund · WSP comparator: €STR
Exact chart values
| Month | Fund | WSP comparator: €STR |
|---|---|---|
| 2023-10 | 0.00 | 0.00 |
| 2023-11 | 0.00 | 0.00 |
| 2023-12 | 0.00 | 0.00 |
| 2024-01 | 0.00 | 0.00 |
| 2024-02 | 0.00 | 0.00 |
| 2024-03 | 0.00 | 0.00 |
| 2024-04 | 0.00 | 0.00 |
| 2024-05 | 0.00 | 0.00 |
| 2024-06 | 0.00 | 0.00 |
| 2024-07 | 0.00 | 0.00 |
| 2024-08 | 0.00 | 0.00 |
| 2024-09 | 0.00 | 0.00 |
| 2024-10 | 0.00 | 0.00 |
| 2024-11 | 0.00 | 0.00 |
| 2024-12 | 0.00 | 0.00 |
| 2025-01 | 0.00 | 0.00 |
| 2025-02 | 0.00 | 0.00 |
| 2025-03 | 0.00 | 0.00 |
| 2025-04 | 0.00 | 0.00 |
| 2025-05 | 0.00 | 0.00 |
| 2025-06 | 0.00 | 0.00 |
| 2025-07 | 0.00 | 0.00 |
| 2025-08 | 0.00 | 0.00 |
| 2025-09 | 0.00 | 0.00 |
| 2025-10 | 0.00 | 0.00 |
| 2025-11 | 0.00 | 0.00 |
| 2025-12 | 0.00 | 0.00 |
| 2026-01 | 0.00 | 0.00 |
| 2026-02 | 0.00 | 0.00 |
| 2026-03 | -0.16 | 0.00 |
| 2026-04 | 0.00 | 0.00 |
| 2026-05 | 0.00 | 0.00 |
| 2026-06 | 0.00 | 0.00 |
| 2026-07 | 0.00 | 0.00 |
| 2026-08 | 0.00 | 0.00 |
| 2026-09 | -0.13 | 0.00 |
Deepest month-end decline for this class: -0.16%.
2023-10-31 to 2026-09-30 · EUR total returns. Declines are measured against the highest month-end value within this window. Intra-month falls are not shown; this is not daily maximum drawdown.
Where did the gains and setbacks occur?
Fund return · % in EUR
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | — | — | — | — | — | — | — | — | — | — | +0.39 | +0.54 |
| 2024 | +0.46 | +0.31 | +0.42 | +0.19 | +0.33 | +0.39 | +0.44 | +0.36 | +0.45 | +0.19 | +0.44 | +0.20 |
| 2025 | +0.22 | +0.30 | +0.14 | +0.34 | +0.18 | +0.22 | +0.18 | +0.18 | +0.16 | +0.21 | +0.11 | +0.14 |
| 2026 | +0.23 | +0.19 | -0.16 | +0.26 | +0.24 | +0.19 | +0.06 | +0.14 | -0.13 | — | — | — |
Benchmark return · % in EUR
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | — | — | — | — | — | — | — | — | — | — | +0.33 | +0.31 |
| 2024 | +0.36 | +0.32 | +0.30 | +0.36 | +0.34 | +0.29 | +0.34 | +0.31 | +0.31 | +0.29 | +0.26 | +0.27 |
| 2025 | +0.25 | +0.21 | +0.22 | +0.20 | +0.18 | +0.17 | +0.17 | +0.16 | +0.17 | +0.17 | +0.15 | +0.18 |
| 2026 | +0.16 | +0.15 | +0.17 | +0.16 | +0.16 | +0.18 | +0.19 | +0.19 | +0.19 | — | — | — |
Fund minus benchmark · percentage points
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | — | — | — | — | — | — | — | — | — | — | +0.06 | +0.23 |
| 2024 | +0.11 | -0.01 | +0.12 | -0.17 | -0.01 | +0.10 | +0.10 | +0.05 | +0.14 | -0.10 | +0.18 | -0.07 |
| 2025 | -0.03 | +0.09 | -0.08 | +0.14 | +0.00 | +0.05 | +0.02 | +0.03 | -0.01 | +0.04 | -0.04 | -0.04 |
| 2026 | +0.07 | +0.04 | -0.33 | +0.10 | +0.08 | +0.01 | -0.13 | -0.05 | -0.32 | — | — | — |
Green: positive; red: negative. Grey cells are outside the displayed history. Month-end observations; no missing month is filled or interpolated.
Fund valuations: 2023-10-31 to 2026-09-30. Comparison valuations: 2023-10-31 to 2026-09-30. Each calendar month uses its last available source observation; fund and comparison dates can differ.
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.
Performance and risk figures as of 30.09.2026.
| This fund | Group median | Position | |
|---|---|---|---|
| Return 1Y | 1.48 | 0.17 | 3 of 11 |
| Return 3Y p.a. | 2.98 | 3.98 | 10 of 10 |
| 3Y p.a. over its own benchmark | 0.11 | -0.06 | 3 of 10 |
| Volatility 3Y | 0.51 | 3.49 | 2 of 11 |
| Sharpe ratio 3Y | 0.51 | 0.34 | 3 of 11 |
| Max drawdown 3Y | -0.16 | -2.61 | 1 of 10 |
| Management fee | 0.05% | 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. Only figures with the same reporting date are compared.
Return against risk, 3 years
Price history
Fund rebased to 100 at 30.10.2023; benchmark rebased to 100 at 31.10.2023.
Table view
| Period | From | Fund (100 at start) | Benchmark from | Benchmark (100 at start) |
|---|---|---|---|---|
| 1Y | 31.10.2025 | 101.5 | 31.10.2025 | 101.9 |
| Since 2023 | 30.10.2023 | 109.1 | 31.10.2023 | 108.5 |
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 28.10.2026.
Benchmark history to 30.09.2026.
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.
Fund documents
Check the share class and reporting date in each document.
Factsheet (PDF, 31.08.2026)KID (PDF, 06.08.2026)Chart methodology
Charts use dated total-return observations, including reinvested income. Each calendar month uses the last available observation. Fund and comparison valuation dates may differ. Month-end drawdowns exclude falls within a month. Past performance does not predict future returns.
WSP report
Ask WSP which research is available for this fund and what it covers.
Enquire about WSP researchBack to the list: OpenList — Active ETFs
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.
Reporting dates are shown above the figures; exceptions are dated individually.
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
How this fund works
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. It has a risk indicator of 2 out of 7 and a recommended holding period of 3 years. The intended retail investor 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.
2026-08-31
How the strategy works
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 recommended holding period is 3 years.
2026-08-31
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.
2026-08-31
Management team
The named portfolio managers are David Zahn, CFA, and Rod MacPhee, CFA. As of 31 August 2026, David Zahn had 20 years with the firm and 32 years of experience, while Rod MacPhee had 13 years with the firm and 19 years of experience.
2026-08-31
Distinctive features
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.
2026-08-31
Risks
The fund has a risk indicator of 2 out of 7, indicating a low risk class. There is no capital guarantee and investors could lose some or all of their investment. Credit risk reflects potential issuer default on principal or interest and 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 arises because the fund may enter financial contracts with institutions or agents, and derivative instruments risk arises 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. 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.
2026-08-31
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. Franklin Templeton International Services S.à r.l. is supervised by the Commission de Surveillance du Secteur Financier in Luxembourg and its address is 8A, rue Albert Borschette, L-1246 Luxembourg.
2026-08-31