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Franklin Core US Enhanced Equity UCITS ETF is an actively managed ETF: it does not track an index — the declared index (S&P 500 Index-NR) is a comparison yardstick only. The declared annual cost (TER) is 0.20%, plus 0.03% in transaction costs estimated by the issuer in the KID. Income is accumulated and reinvested in the fund. The fund has assets of about 9 million euro, was launched on 26 January 2026 and is domiciled in Ireland.
Investment Objective To provide capital appreciation from US large capitalisation equities.
Keep reading the KID section ▾
Investment PolicyThe Fund invests in a diversified portfolio of transferable securities consisting of equity and equity-related securities, of companies of any market capitalisation incorporated, domiciled or having their principal business activities in the U.S. While the Fund invests predominantly in common stocks, it can also invest in equity-related securities including preferred stock, convertible securities and warrants on securities. To a lesser extent the Fund may invest in securities of non-US issuers, including American Depository Receipts. Derivatives and techniques The Fund may use derivatives for hedging, efficient portfolio management and investment purposes. Strategy The Fund uses a quantitative investment approach, meaning it selects investments based on data and models, while aiming to keep the expected level of tracking error relative to the benchmark between 1- 2% in normal market conditions. The strategy employs a proprietary quantitative selection process using a multi-factor model to assign a score based on factors like quality, value, sentiment and alternatives signals with a proprietary score that is developed by the Investment Manager. SFDR category Article 8 (promotes environmental and/or social characteristics under EU regulations). The investment manager applies a proprietary rating methodology using various ESG criteria to assess long-term opportunities and risks. The fund excludes issuers lagging in the transition to a low-carbon economy and excludes or restricts investments in certain industries that are harmful to the environment or society, such as thermal coal, weapons and tobacco.
| From the peak of | Trough | Depth | Back to break-even | Days underwater |
|---|---|---|---|---|
| 25 Feb 2026 | 30 Mar 2026 | -8.33% | 14 Apr 2026 | 48 |
| 02 Jun 2026 | 10 Jun 2026 | -4.12% | 10 Jul 2026 | 38 |
| 15 Jul 2026 | 29 Jul 2026 | -3.56% | 03 Aug 2026 | 19 |
| 02 Feb 2026 | 05 Feb 2026 | -2.28% | 25 Feb 2026 | 23 |
| 14 May 2026 | 19 May 2026 | -1.94% | 26 May 2026 | 12 |
| Full history | |
|---|---|
| Volatility (ann.) | 12.71% |
| Max drawdown | -6.24% |
| Sharpe | 1.55 |
| Sortino | 2.40 |
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:
IE000CZU3JH0Official 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.
| Exchange | Ticker | Trading since |
|---|---|---|
| Borsa Italiana (ETFplus) | USEN | 28 Jan 2026 |
| Börse Düsseldorf | FCEU | 27 Jan 2026 |
| Börse Frankfurt | FCEU | 27 Jan 2026 |
| Börse Hamburg | FCEU | 19 Jun 2026 |
| Börse Hannover | FCEU | 12 May 2026 |
| Börse München / gettex | FCEU | 27 Jan 2026 |
| Börse Stuttgart | FCEU | 27 Feb 2026 |
| Tradegate Exchange | FCEU | 29 Jan 2026 |
| Xetra (Deutsche Börse) | FCEU | 27 Jan 2026 |