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, retail share class.

Fund documents

For the share class shown above.

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

Key facts

Management company
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
Liquidity
Not available in this publication
UCITS
Yes
Risk grade (SRRI)
Not available in this publication
Registered in Switzerland
Yes

Price history

Fund and benchmark rebased to 100 at 25.04.2023.

100102104106108110202420252026110.3110.6Fund (share class shown)Benchmark100102104106108110202420252026110.3110.6Fund (share class shown)Benchmark
Table view
PeriodFromFund (100 at start)Benchmark (100 at start)
1Y03.10.2025101.6102.0
3Y31.10.2023108.8108.3
Since 202325.04.2023110.6110.3

Total return: distributions reinvested.
In EUR, the currency of the share class shown.
Fund history to 30.09.2026.
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

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 EUR, retail share class0.140.390.731.152.404.25Not available in this publication1.773.09Not available in this publication0.470.78-0.16
Benchmark€STR0.190.541.031.352.203.723.262.002.862.06–––
Differencefund minus benchmark, in percentage points-0.04-0.15-0.30-0.200.200.53Not calculated: fund figure not available in this publication-0.230.23Not calculated: fund figure not available in this publication–––

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.3.094.2011 of 11
3Y p.a. over its own benchmark0.23-0.073 of 11
Volatility 3Y0.473.491 of 11
Sharpe ratio 3Y0.780.452 of 10 (1 without a value)
Max drawdown 3Y-0.16-2.291 of 10 (1 without a value)
Management fee0.05%0.19%1 of 11

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.PIMCO Euro Short Maturity UCITS ETF: volatility 1.82%, return 3.44% p.a.JPMorgan EUR IG Corporate Bond Active UCITS ETF: volatility 3.49%, return 4.14% 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.PIMCO Euro Short Maturity UCITS ETF: volatility 1.82%, return 3.44% p.a.JPMorgan EUR IG Corporate Bond Active UCITS ETF: volatility 3.49%, return 4.14% 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

WSP commentary

Draft commentary, machine-generated from the fund's monthly factsheet dated 31.08.2026; key information document (PRIIPs), not yet reviewed by WSP.

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.

• Current positioning shows 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. David Zahn is shown 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 low total expense ratio of 0.15%. The portfolio is positioned in high-quality credit, with 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. "Not available in this publication" means no value is shown here; it does not mean zero.
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