# Franklin Euro Short Maturity UCITS ETF EUR (FRXE)

**Page:** https://fundology.uk/fund/frxe · ISIN IE00BFWXDY69

## 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, FRXE (Franklin Euro Short Maturity UCITS ETF EUR, ISIN IE00BFWXDY69) closed at £21.45 on the London Stock Exchange. Its ongoing charge is 0.15% a year (about £15 on £10,000). Over the five years to 13/11/2026 its total return was +8.8%, or −15.1% after UK CPIH inflation.

## Summary

Franklin Euro Short Maturity UCITS ETF EUR 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 0.15% a year — about £15 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: **£21.45** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | FRXE |
| ISIN | IE00BFWXDY69 |
| Also listed as | FLES (London Stock Exchange, euros), FVSH (Xetra, euros) |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | Franklin |
| Income | Distributing |
| Ongoing charge | 0.15% a year (£15 per £10,000) |
| Fund size | £232m |
| 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 | -3.84% | -7.25% | income reinvested |
| 3 years | +4.60% | -5.50% | income reinvested |
| 5 years | +8.81% | -15.07% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of Franklin Euro Short Maturity UCITS ETF EUR in pounds (price only, income paid out not included): 2022 +5.4%, 2023 +0.1%, 2024 −3.1%, 2025 +4.6%; 2026 to 13/11/2026 −4.8%. Returns of Franklin Euro Short Maturity UCITS ETF EUR in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −2.3%; to 30/09/2025: +4.7%; to 30/09/2024: −1.8%; to 30/09/2023: −0.4%; to 30/09/2022: +2.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +5.4% | -3.5% | Price |
| 2023 | +0.1% | -3.9% | Price |
| 2024 | -3.1% | -6.4% | Price |
| 2025 | +4.6% | +1.0% | Price |
| 2026 to 13/11/2026 | -4.8% | -7.8% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 3.77% | -6.15% |
| 3 years | 4.46% | -6.15% |
| 5 years | 5.34% | -6.15% |

## Largest fall

Volatility of Franklin Euro Short Maturity UCITS ETF EUR in pounds, annualised from weekly returns to 13/11/2026: 3.8% over 1 year, 4.5% over 3 years, 5.3% over 5 years. Largest fall in the price of Franklin Euro Short Maturity UCITS ETF EUR since November 2021, in pounds: −6.2% from 27/02/2026 to 30/10/2026. The lowest 12-month return of Franklin Euro Short Maturity UCITS ETF EUR in pounds (price only, income paid out not included) since January 2021 was −5.9% (12 months to 30/10/2026); the highest was +7.1% (12 months to 03/03/2023). On 13/11/2026 the price of Franklin Euro Short Maturity UCITS ETF EUR was 5.9% below its highest weekly close since November 2021 (27/02/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Franklin Euro Short Maturity UCITS ETF EUR 0.15% a year. Compared on 14/11/2026, 304 of the 427 other corporate and other bond funds charge more, 27 the same and 96 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.15%** per year (as of 08/10/2026)
- 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 FRXE?**

The ongoing charge of FRXE is 0.15% a year — about £15 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 Euro Short Maturity UCITS ETF EUR 0.15% a year. Compared on 14/11/2026, 304 of the 427 other corporate and other bond funds charge more, 27 the same and 96 less (share classes counted once).

**Is FRXE accumulating or distributing?**

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

**What is the ISIN of FRXE?**

The ISIN of FRXE is IE00BFWXDY69. An ISIN identifies one exact share class of a fund; FRXE is its ticker on the London Stock Exchange. The same share class is also listed as FLES (London Stock Exchange, euros) and FVSH (Xetra, euros).

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

Calendar-year returns of FRXE in pounds (price only, income paid out not included): 2022 +5.4%, 2023 +0.1%, 2024 −3.1%, 2025 +4.6%; 2026 to 13/11/2026 −4.8%. Past performance is not a guide to future returns.

**How has FRXE done after inflation?**

Over the five years to 13/11/2026 FRXE’s total return was +8.8%, or −15.1% 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.