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Franklin MSCI World Catholic Principles UCITS ETFIndex, costs, backtest, listings and taxation

ISIN: IE000AZOUN82Ticker: FAITHIssuer: Franklin TempletonClass: SINGLCLASS
Issuer-declared data
Declared index
MSCI World Universal Select Catholic Principles and Low Carbon Index-NR
TER
0.27%
Transaction costs
0.02% (issuer estimate, from the KID)
Management
Passive (index-tracking)
Income policy
SFDR
Article 8 — promotes environmental or social characteristics what does it mean?
Fund assets
162.1 mln EUR
NAV
39.14 USD (1 September 2026)
Domicile
Ireland
Inception date
24 April 2024
Data as declared by Franklin Templeton in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

Franklin MSCI World Catholic Principles UCITS ETF tracks the issuer-declared index: MSCI World Universal Select Catholic Principles and Low Carbon Index-NR. The declared annual cost (TER) is 0.27%, plus 0.02% in transaction costs estimated by the issuer in the KID. Income is accumulated and reinvested in the fund. The fund has assets of about 162 million euro, was launched on 24 April 2024 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words

Investment Objective To provide exposure to large and mid-capitalisation companies that are considered to be environmentally and socially responsible in developed market countries globally.

Keep reading the KID section ▾

Investment PolicyThe Fund invests in large and mid-capitalisation companies in developed markets, globally. These investments are included in the benchmark. The Index is based on the MSCI World Index (the “Parent Index”) which is comprised of large and mid-capitalisation companies across developed market countries. The Index aims to represent the performance of companies that have lower carbon exposure and higher Environmental, Social and Governance ("ESG") performance relative to the Parent Index. The Index also excludes companies that are involved in controversial businesses or that are considered to have negative environmental or social impacts. Additionally, the Index excludes securities from the Parent Index that do not meet certain Roman Catholic principles or are contrary to Roman Catholic values including companies with ties to abortion or contraceptives, animal testing or stem cell research. Derivatives and techniques The Fund may use derivatives for hedging and efficient portfolio management. Strategy The investment manager seeks to minimise the difference between the fund’s performance and that of the benchmark (tracking error), regardless of whether the benchmark level rises or falls. SFDR category Article 8 (promotes environmental and/or social characteristics under EU regulations).

From the KID’s “Objectives” section · 2 September 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.27%: above the median of equity ETFs we track (0.22%).
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · USD · from Apr 2024 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+56.5%
Annualised
+20.8%
Volatility (ann.)
16.9%
Max drawdown
-17.77%
-5%+12%+30%+47%+65%Apr 2024Nov 2024Jul 2025Feb 2026Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+56%Apr 2024Sept 2026
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-5%-10%-15%-20%202420252026−17.77% · 08 Apr 2025
Max drawdown
-17.77%
peak → trough
Trough
08 Apr 2025
from the 18 Feb 2025 peak
Recovery time
37 days
recovery only: trough to break-even
Underwater
86 days
decline + recovery: peak to break-even · ≈ 3 months · → recovered on 15 May 2025

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
18 Feb 202508 Apr 2025-17.77%15 May 202586
28 Jan 202630 Mar 2026-10.56%14 Apr 202676
16 Jul 202405 Aug 2024-9.86%23 Aug 202438
29 Oct 202520 Nov 2025-6.99%06 Jan 202669
04 Dec 202413 Jan 2025-6.07%14 Feb 202572

Calendar-year returns

2024
12.5%
2025
21.1%
2026
14.8%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20261.8-0.6-6.512.14.52.0-2.03.20.414.8
20252.2-0.5-4.91.97.95.41.61.53.12.6-2.11.221.1
20244.22.31.32.42.4-1.65.2-3.712.5
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Source: Franklin Templeton. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — fund vs index

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER.
Declared TER
0.27%
YearFundIndexDifference
2025+21.12%+21.29%-0.17%
Monthly index series (issuer-declared): the yearly TD compounds the 12 months. Total-return figures from issuer-declared series (primary source); complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →

Risk indicators· EUR

Last yearFull history
Volatility (ann.)14.93%17.07%
Max drawdown-9.14%-21.60%
Sharpe1.120.79
Sortino1.651.12
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.21%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
661
Top-10 weight
33.6%

Top 10 holdings

NVIDIA CORP USD 0.001 · NVDA
14.23%
BROADCOM INC USD NPV · AVGO
5.67%
ADVANCED MICRO D USD 0.01 · AMD
2.77%
ASML HOLDING NV EUR 0.09 · ASML
2.41%
VISA INC-CLASS USD 0.0001 · V
2.29%
LAM RESEARCH CO USD 0.001 · LRCX
1.39%
INTEL CORP USD 0.001 · INTC
1.37%
APPLIED MATERIAL USD 0.01 · AMAT
1.35%
HOME DEPOT INC USD 0.05 · HD
1.18%
PALO ALTO NETW USD 0.0001 · PANW
0.98%

Sectors

Tecnologia Informatica
40.9%
Finanziari
27.6%
Industriali
10.0%
Beni di consumo discrezionali
4.9%
Materiali
3.6%
Assistenza Sanitaria
3.0%
Immobiliare
2.7%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 2%Austria: 0.2%AzerbaijanBurundiBelgium: 0.4%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazil: 0.1%BruneiBhutanBotswanaCentral African RepublicCanada: 5%Switzerland: 2.2%ChileChina: 0.2%Ivory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 2.5%DjiboutiDenmark: 0.4%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 1.3%EstoniaEthiopiaFinland: 0.6%FijiFalkland IslandsFrance: 1.9%GabonUnited Kingdom: 1.8%GeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIreland: 0.5%IranIraqIcelandIsrael: 0.4%Italy: 1.2%JamaicaJordanJapan: 6.1%KazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 3.8%Norway: 0.2%NepalNew Zealand: 0.1%OmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugal: 0.1%ParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSweden: 1.3%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 65.6%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States65.6%
Japan6.1%
Canada5%
Netherlands3.8%
Germany2.5%
Switzerland2.2%
Australia2%
⬇ Download the full portfolio — Excel, 661 rows
Full portfolio declared by Franklin Templeton, as of 26 August 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Italian taxation

Effective rate on capital gains
26.00%
White-list share
0.00%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE000AZOUN82
  • Directazero within the savings plan (buys)
  • Directazero on single buys from 1,000 €, agreement until 30 June 2027
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

ExchangeTickerTrading since
Borsa Italiana (ETFplus)FAITH9 May 2024
Börse DüsseldorfFLXA25 Apr 2024
Börse FrankfurtFLXA25 Apr 2024
Börse HamburgFLXA29 May 2024
Börse HannoverFLXA9 Dec 2024
Börse München / gettexFLXA25 Apr 2024
Börse StuttgartFLXA22 Aug 2024
Euronext ParisFAITH25 Nov 2024
Tradegate ExchangeFLXA6 May 2024
Xetra (Deutsche Börse)FLXA25 Apr 2024
+ 7 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does Franklin MSCI World Catholic Principles UCITS ETF track?
The issuer Franklin Templeton declares the benchmark: MSCI World Universal Select Catholic Principles and Low Carbon Index-NR.
How much does FAITH cost?
The issuer-declared TER is 0.27% per year; the transaction costs estimated in the KID are 0.02%.
How is FAITH taxed in Italy?
On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of FAITH?
The fund size declared by Franklin Templeton is about 162 million euro.
When was FAITH launched?
The fund was launched on 24 April 2024: it has 2 years of history.
How does FAITH replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (full replication) (issuer wording: “Replica completa”).
Does FAITH pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulating”).
Where does FAITH trade?
Per the official ESMA register it trades on 10 main exchanges, including Borsa Italiana (ETFplus) (FAITH), Börse Düsseldorf (FLXA), Börse Frankfurt (FLXA), Börse Hamburg (FLXA), Börse Hannover (FLXA), Börse München / gettex (FLXA).
What was FAITH's worst fall?
Over the available history (since 2024), the maximum drawdown was -17.77%, reached in April 2025. Past performance is not indicative of future results.
How many securities does FAITH hold?
The declared portfolio holds 661 securities; the top 10 positions weigh 33.6%.
Transparency note
The data in this sheet is declared by Franklin Templeton in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.