# Franklin USD Investment Grade Corporate Bond UCITS ETF USD (FRUC)

**Page:** https://fundology.uk/fund/fruc · ISIN IE00BFWXDX52

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, FRUC (Franklin USD Investment Grade Corporate Bond UCITS ETF USD, ISIN IE00BFWXDX52) closed at £17.51 on the London Stock Exchange. Its ongoing charge is 0.35% a year (about £35 on £10,000). Over the five years to 13/11/2026 its total return was −1.6%, or −23.2% after UK CPIH inflation.

## Summary

Franklin USD Investment Grade Corporate Bond UCITS ETF USD is an exchange-traded fund (ETF) from Franklin, launched in 2018. It tracks the No Underlying Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.35% a year — about £35 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year.

Latest close: **£17.51** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | FRUC |
| ISIN | IE00BFWXDX52 |
| Also listed as | FLUC (London Stock Exchange, US dollars), FVUI (Xetra, euros) |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | Franklin |
| Income | Distributing |
| Ongoing charge | 0.35% a year (£35 per £10,000) |
| Fund size | £22.9m |
| Launched | 2018 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 25/06/2018 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -2.40% | -5.86% | income reinvested |
| 3 years | +7.73% | -2.67% | income reinvested |
| 5 years | -1.55% | -23.16% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Franklin USD Investment Grade Corporate Bond UCITS ETF USD in pounds (price only, income paid out not included): 2022 −7.9%, 2023 −1.7%, 2024 +0.1%, 2025 −5.1%; 2026 to 13/11/2026 −2.3%. Returns of Franklin USD Investment Grade Corporate Bond UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −5.6%; to 30/09/2025: −1.5%; to 30/09/2024: −0.4%; to 30/09/2023: −9.0%; to 30/09/2022: −3.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -7.9% | -15.7% | Price |
| 2023 | -1.7% | -5.6% | Price |
| 2024 | +0.1% | -3.3% | Price |
| 2025 | -5.1% | -8.4% | Price |
| 2026 to 13/11/2026 | -2.3% | -5.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 6.25% | -8.06% |
| 3 years | 7.17% | -10.68% |
| 5 years | 8.13% | -20.23% |

## Largest fall

Volatility of Franklin USD Investment Grade Corporate Bond UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 6.3% over 1 year, 7.2% over 3 years, 8.1% over 5 years. Largest fall in the price of Franklin USD Investment Grade Corporate Bond UCITS ETF USD since November 2021, in pounds: −20.2% from 03/12/2021 to 21/08/2026. The lowest 12-month return of Franklin USD Investment Grade Corporate Bond UCITS ETF USD in pounds (price only, income paid out not included) since January 2021 was −12.2% (12 months to 18/08/2023); the highest was +4.7% (12 months to 16/08/2024). On 13/11/2026 the price of Franklin USD Investment Grade Corporate Bond UCITS ETF USD was 18.8% below its highest weekly close since November 2021 (03/12/2021), in pounds.

## Charges compared with similar funds

Ongoing charge of Franklin USD Investment Grade Corporate Bond UCITS ETF USD 0.35% a year. Compared on 14/11/2026, 116 of the 427 other corporate and other bond funds charge more, 18 the same and 293 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.35%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## Questions people ask

**What is the ongoing charge of FRUC?**

The ongoing charge of FRUC is 0.35% a year — about £35 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Franklin USD Investment Grade Corporate Bond UCITS ETF USD 0.35% a year. Compared on 14/11/2026, 116 of the 427 other corporate and other bond funds charge more, 18 the same and 293 less (share classes counted once).

**Is FRUC accumulating or distributing?**

FRUC is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual.

**What is the ISIN of FRUC?**

The ISIN of FRUC is IE00BFWXDX52. An ISIN identifies one exact share class of a fund; FRUC is its ticker on the London Stock Exchange. The same share class is also listed as FLUC (London Stock Exchange, US dollars) and FVUI (Xetra, euros).

**What were FRUC’s returns in each of the last five years?**

Calendar-year returns of FRUC in pounds (price only, income paid out not included): 2022 −7.9%, 2023 −1.7%, 2024 +0.1%, 2025 −5.1%; 2026 to 13/11/2026 −2.3%. Past performance is not a guide to future returns.

**How has FRUC done after inflation?**

Over the five years to 13/11/2026 FRUC’s total return was −1.6%, or −23.2% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.