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Franklin US Treasury 0-1 Year UCITS ETF USD (Acc)Index, costs, backtest, listings and taxation

ISIN: IE000E02WFD5Ticker: FLUSAIssuer: Franklin TempletonClass: USD (Acc)
Issuer-declared data
TER
0.05%
Transaction costs
0.13% (issuer estimate, from the KID)
Management
Passive (index-tracking)
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
91.6 mln EUR
NAV
20.9 USD (1 September 2026)
Domicile
Ireland
Inception date
1 July 2025
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 US Treasury 0-1 Year UCITS ETF USD (Acc) tracks the issuer-declared index: Bloomberg US Short Treasury Index. The declared annual cost (TER) is 0.05%, plus 0.13% in transaction costs estimated by the issuer in the KID. Replication is optimised physical replication; income is accumulated and reinvested in the fund. The fund has assets of about 92 million euro, was launched on 1 July 2025 and is domiciled in Ireland.

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

Investment Objective To provide exposure to short term US Treasury securities denominated in USD.

Keep reading the KID section ▾

Investment PolicyThe Fund invests in US Treasury notes and bonds as well as US Treasury bills that are included in the benchmark. The Index, tracks the market for treasury bills, notes and bonds issued by the US government with at least one month and less than 12 months to maturity. Derivatives and techniques The Fund may use derivatives for hedging, efficient portfolio management and investment purposes. 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 6 (does not promote environmental and/or social characteristics or have a sustainable investment objective under EU regulations). Base currency US dollar (USD). Benchmark(s) Bloomberg US Short Treasury Index. Used for index tracking only. The Fund is passively managed and seeks to replicate the benchmark by holding all of the Index securities in a similar proportion to their weighting in the benchmark. Its portfolio, and thus its performance, closely resemble that of the benchmark. Share Class Policy Key Information Document Page 1 of 3 For accumulation shares, income from investments is reinvested in the Fund and reflected in the price of shares. Buying and selling shares You may buy or sell shares daily through a broker on the stock exchange where the shares are traded. Authorised participants, such as selected financial institutions, may buy or sell shares directly with the fund, on any day markets are open for business in the United Kingdom (provided that on such day the markets on which substantially all of the Fund’s investments are traded are open). Intended retail Investor Investors who understand the risks of the Fund and plan to invest for at least 3 to 5 years. The Fund may appeal to investors who: • have a medium risk profile and can tolerate moderate short-term changes in the share price; and • are interested in exposure to US debt markets as part of a diversified portfolio. Product availability The Fund is available to all investors with at least basic investment knowledge, through a wide range of distribution channels, with or without the need for advice. Terms to understand derivatives: Financial instruments whose value is linked to one or more rates, indexes, share prices or other values. bonds: Securities that represent an obligation to repay a debt, along with interest. efficient portfolio management: A strategy aimed at reducing risk, lowering costs or generating additional capital or income for the Fund through the use of derivatives. These strategies must align with the Funds risk profile. Depositary The Bank Of New York Mellon SA/NV Further Information Please refer to the 'Other relevant information' section below.

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 0.05%: below the median of bond ETFs we track (0.15%).
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 Jul 2025 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+4.6%
Annualised
+3.8%
Volatility (ann.)
0.3%
Max drawdown
-0.05%
-3%0%+2%+5%+8%Jul 2025Oct 2025Feb 2026May 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%)+5%Jul 2025Sept 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%-1%-2%-3%-4%20252026−0.05% · 03 Jul 2025
Max drawdown
-0.05%
peak → trough
Trough
03 Jul 2025
from the 01 Jul 2025 peak
Recovery time
4 days
recovery only: trough to break-even
Underwater
6 days
decline + recovery: peak to break-even · → recovered on 07 Jul 2025

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
02 Jul 202503 Jul 2025-0.05%07 Jul 20255
05 Aug 202506 Aug 2025-0.05%08 Aug 20253
28 Oct 202529 Oct 2025-0.05%30 Oct 20252
16 Jun 202617 Jun 2026-0.02%18 Jun 20262
22 Jul 202623 Jul 2026-0.00%24 Jul 20262

Calendar-year returns

2025
2.1%
2026
2.4%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.30.20.30.30.30.30.30.30.12.4
20250.30.30.40.30.42.1
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.

Risk indicators· EUR

Last year
Volatility (ann.)5.39%
Max drawdown-3.18%
Sharpe0.46
Sortino0.65
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.

Duration and maturities

Duration · effective duration
0.37years

Price sensitivity to rates: the longer, the more the fund moves. What is duration →

Source: product page Franklin Templeton, data as of 2 September 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Portfolio holdings

Securities in portfolio
52
Top-10 weight
35.5%

Top 10 holdings

US TSY 0% 10/09/26 ·
6.26%
US TSY 0% 29/10/26 ·
4.88%
US TSY 0% 21/01/27 ·
3.70%
US TSY 0% 24/12/26 ·
3.50%
US TSY 0% 27/11/26 ·
3.08%
US TSY 0% 22/10/26 ·
3.05%
US TSY 0% 24/09/26 ·
2.99%
US TSY 0% 17/09/26 ·
2.92%
US TSY 0% 22/09/26 ·
2.61%
Net Current Assets ·
2.46%

Sectors

Buoni del Tesoro USA
99.0%
Liquidità
1.0%
Download the full portfolio — Excel, 52 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 →

Index tracked

Bloomberg US Short Treasury Index
This fund belongs to the government bonds family: compare all census ETFs in this family →

Italian taxation

Effective rate on capital gains
12.93%
White-list share
96.79%
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:

IE000E02WFD5
  • 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)FLUSA3 Jul 2025
Börse DüsseldorfSHOR2 Jul 2025
Börse FrankfurtSHOR2 Jul 2025
Börse HamburgSHOR8 Jul 2025
Börse HannoverSHOR4 Sept 2025
Börse München / gettexSHOR2 Jul 2025
Börse StuttgartSHOR4 Jul 2025
Euronext ParisFLUSA3 Jul 2025
Tradegate ExchangeSHOR10 Jul 2025
Xetra (Deutsche Börse)SHOR2 Jul 2025
+ 11 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 US Treasury 0-1 Year UCITS ETF USD (Acc) track?
The issuer Franklin Templeton declares the benchmark: Bloomberg US Short Treasury Index.
How much does FLUSA cost?
The issuer-declared TER is 0.05% per year; the transaction costs estimated in the KID are 0.13%.
How is FLUSA taxed in Italy?
On sale, the capital gain is taxed at an effective 12.93% rate (white-list share 96.79%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of FLUSA?
The fund size declared by Franklin Templeton is about 92 million euro.
When was FLUSA launched?
The fund was launched on 1 July 2025: it has 1 year of history.
How does FLUSA replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (optimised) (issuer wording: “Optimised”).
Does FLUSA pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulating”).
Where does FLUSA trade?
Per the official ESMA register it trades on 10 main exchanges, including Borsa Italiana (ETFplus) (FLUSA), Börse Düsseldorf (SHOR), Börse Frankfurt (SHOR), Börse Hamburg (SHOR), Börse Hannover (SHOR), Börse München / gettex (SHOR).
How many securities does FLUSA hold?
The declared portfolio holds 52 securities; the top 10 positions weigh 35.5%.
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.