Franklin US Mega Cap 100 UCITS ETF EUR Hedged (Acc)Index, costs, backtest, listings and taxation

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Investment Objective The Fund aims to provide exposure to large capitalisation stocks in the United States.

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Investment PolicyThe Fund seeks to track the performance of the Solactive US Mega Cap 100 Select Index -NR (the “Index”) as closely as possible, regardless of whether the Index level rises or falls, while seeking to minimise as far as possible the tracking error between the Fund's performance and that of the Index. The Index is a broad free float market-capitalisation weighted index which captures the largest 100 companies listed on the US stock market. The Index is derived from the Solactive Global Benchmark Series which includes approximately 1,500 companies on the US stock market. Index constituents are selected and weighted by free-float market capitalisation. The Index is rebalanced quarterly in February, May, August and November. The securities in which the Fund invests will be primarily listed or traded on recognised markets in the United States in accordance with the limits set out in the UCITS Regulations. The Fund may use derivatives for efficient portfolio management purposes only. The investment manager will aim to replicate the Index by holding all of the Index securities in a similar proportion to their weighting in the Index. However, in certain circumstances where full replication of the Index is not reasonably practical or possible, the Fund may hold only those of the Index securities which are available or may invest in instruments that are not included in the Index but which the investment manager believes will help the Fund replicate the Index, e.g. securities which provide similar price and yield performance and risk profiles to constituents of the Index. . Although the Index is generally well diversified, because of the market it reflects it contains constituents issued by the same body that may represent more than 10% of the Index. Accordingly, the Fund is permitted to hold positions in individual constituents of the Index issued by the same body of up to 20% of the Fund’s Net Asset Value. Share Class Policy For accumulation shares, income from investments is reinvested in the Fund and reflected in the price of shares. For this share class, a hedge is applied that is intended to minimize the currency risk between the currency of the share class (which is in a non-base currency) and the base currency of the Fund. Buying and selling shares The Fund's shares are listed and traded on one or more stock exchanges. In normal circumstances, only authorised participants (e.g. select financial institutions) may deal in shares directly with the Fund. Other investors can deal in shares daily through a broker on stock exchange(s) on which the shares are traded. Intended retail Investor The Fund may appeal to investors looking to track the performance of large capitalisation stocks in the United States, and who are willing to hold their investment over the medium to long term, for a minimum period of 3 to 5 years. The Fund may be suitable for investors who do not have specific knowledge and/or experience of financial markets and who understand that they may not get back the full amount invested in the Fund. Depositary The Bank Of New York Mellon SA/NV Further Information Please refer to the 'Other relevant information' section below.

UH100 is hedged to EUR; the index the issuer places next to it in its documents is the unhedged, foreign-currency version. Subtracting one from the other does not measure replication quality: it measures the exchange rate. In a year when the currency moves 5%, “the TD” would come out near 5 points — a plausible-looking number, with decimals, and wrong.

Other sites publish that number. We would rather show one figure less than one figure wrong: the TD will return here the day we have the EUR-hedged index series, which the issuer does not publish today.

What tracking difference is and how we compute it →

Countries

ETFs declaring the same index

• Directazero within the savings plan (buys)
• Directazero on single buys from 1,000 €, agreement until 30 June 2027