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Franklin European Quality Dividend UCITS ETF (Dis)Index, costs, backtest, listings and taxation

ISIN: IE00BF2B0L69Ticker: FLXDIssuer: Franklin TempletonClass: (Dis)
Issuer-declared data
Declared index
LibertyQ European Dividend Index-NR
TER
0.25%
Transaction costs
0.04% (issuer estimate, from the KID)
Management
Passive (index-tracking)
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
662 mln EUR
NAV
37.28 EUR (1 September 2026)
Domicile
Ireland
Inception date
6 September 2017
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 European Quality Dividend UCITS ETF (Dis) tracks the issuer-declared index: LibertyQ European Dividend Index-NR. The declared annual cost (TER) is 0.25%, plus 0.04% in transaction costs estimated by the issuer in the KID. Income is distributed to investors. The fund has assets of about 662 million euro, was launched on 6 September 2017 and is domiciled in Ireland. In our registry it is the largest by assets among the 2 ETFs declaring the same index.

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

Investment Objective To provide exposure to medium and large capitalisation companies with high and persistent dividend income in developed countries in Europe.

Keep reading the KID section ▾

Investment PolicyThe Fund invests in equities of developed European companies of medium and large market capitalisation that are included in the benchmark with similar weightings. The benchmark comprises 50 stocks which are selected from the MSCI Europe IMI ex REITS Index (Net Return), using a selection process which applies a dividend persistence and yield screen followed by a quality screen. 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 6 (does not promote environmental and/or social characteristics or have a sustainable investment objective under EU regulations). Base currency Euro (EUR). Benchmark(s) LibertyQ European Dividend Index (Net Return). 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 distribution shares, dividend income is distributed to investors. 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: • are looking for long-term investment growth • are interested in exposure to developed equity markets as part of a diversified portfolio • have a high risk profile and can tolerate significant short-term changes in the share price 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. equities: Securities that represent partial ownership of a company. 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 0.25%: above the median of equity ETFs we track (0.22%).
  • Average tracking difference over the last 3 years: +0.49% p.a., against a declared TER of 0.25%.
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) · EUR · from Sept 2017 to Jul 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+116.3%
Annualised
+9.1%
Volatility (ann.)
12.1%
Max drawdown
-23.02%
-17%+18%+53%+88%+123%Sept 2017Dec 2019Feb 2022May 2024Jul 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+116%Sept 2017Jul 2026
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%-25%-30%20172019202120232025−23.02% · 31 Mar 2020
Max drawdown
-23.02%
peak → trough
Trough
31 Mar 2020
from the 31 Jan 2020 peak
Recovery time
365 days
recovery only: trough to break-even · ≈ 12 months
Underwater
425 days
decline + recovery: peak to break-even · ≈ 1 year and 2 months · → recovered on 31 Mar 2021

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
31 Jan 202031 Mar 2020-23.02%31 Mar 2021425
30 Apr 202230 Sept 2022-12.47%30 Apr 2023365
31 Jul 201831 Dec 2018-11.16%30 Sept 2019426
31 Oct 201731 Mar 2018-5.67%31 Jul 2018273
31 Aug 202130 Nov 2021-3.50%31 Dec 2021122

Calendar-year returns

2017
-2.5%
2018
-7.0%
2019
22.0%
2020
-4.3%
2021
17.4%
2022
-0.9%
2023
11.0%
2024
13.0%
2025
24.2%
2026
12.8%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20262.65.90.31.50.4-0.31.812.8
20255.13.22.91.43.4-1.41.32.00.0-0.21.23.024.2
20241.2-1.73.71.24.0-1.02.52.51.4-2.12.3-1.513.0
20233.10.7-1.42.9-2.80.13.3-0.90.2-1.74.82.411.0
20221.5-2.32.61.5-0.1-5.01.1-2.9-6.16.45.2-2.1-0.9
2021-0.81.96.70.73.00.02.80.8-3.52.1-2.15.017.4
20200.1-9.7-14.87.81.41.6-0.83.8-1.9-4.213.32.0-4.3
20195.22.31.11.7-4.64.4-0.90.53.51.33.42.522.0
20181.7-2.0-2.35.0-0.80.23.1-2.00.5-4.3-0.6-5.3-7.0
20170.6-3.10.1-2.5
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.
Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.
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. Tracking difference was positive in 8 of the last 8 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
+0.49% /anno
Declared TER
0.25%
YearFundIndexDifference
2025+24.20%+23.74%+0.46%
2024+12.96%+12.56%+0.40%
2023+10.99%+10.38%+0.61%
2022-0.93%-1.33%+0.40%
2021+17.40%+16.97%+0.43%
2020-4.33%-4.49%+0.16%
2019+21.97%+21.60%+0.37%
2018-6.95%-7.35%+0.39%
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 yearLast 3 yearsLast 5 yearsFull history
Volatility (ann.)8.32%9.51%11.11%13.54%
Max drawdown-4.68%-9.84%-17.35%-36.01%
Sharpe1.341.030.430.29
Sortino1.991.410.580.37
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, the fund's currency; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
60
Top-10 weight
33.5%

Top 10 holdings

ADMIRAL GROUP P GBP 0.001 · ADM
3.62%
BANKINTER SA EUR 0.3 · BKT
3.59%
CAIXABANK SA EUR 1 · CABK
3.54%
ALLIANZ SE-REG EUR NPV · ALV
3.48%
GENERALI EUR NPV · G
3.47%
POSTE ITALIANE SPA EUR 1 · PST
3.33%
ORION OYJ-CLASS EUR 0.65 · ORNBV
3.30%
NOVARTIS AG-REG CHF 0.49 · NOVN
3.06%
SANOFI EUR 2 · SAN
3.06%
HANNOVER RUECK SE EUR NPV · HNR1
3.04%

Sectors

Finanziari
47.1%
Servizi di comunicazione
14.1%
Assistenza Sanitaria
9.5%
Energia
8.8%
Materiali
6.7%
Immobiliare
4.2%
Beni di consumo
3.8%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgium: 0.6%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerland: 12%ChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 7.7%DjiboutiDenmark: 2.9%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 9.5%EstoniaEthiopiaFinland: 9.2%FijiFalkland IslandsFrance: 9.5%GabonUnited Kingdom: 14.3%GeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIrelandIranIraqIcelandIsrael: 2.2%Italy: 11.6%JamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 3.1%Norway: 10.3%NepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSweden: 2.7%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 3.1%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United Kingdom14.3%
Switzerland12%
Italy11.6%
Norway10.3%
Spain9.5%
France9.5%
Finland9.2%
⬇ Download the full portfolio — Excel, 60 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 →

Dividends

Latest dividend
0.7591 EUR
ex 11 Jun 2026 · paid 23 Jun 2026
Dividends, last 12 months
1.24 EUR
Dividend yield
3.33%
12-month sum over the NAV as of 8 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year1.44 EUR4.45 %
20251.43 EUR5.08 %
20241.21 EUR4.65 %
20231.30 EUR5.28 %
20221.30 EUR4.94 %
20211.21 EUR5.18 %

Dividend contribution to total return

-10%0%10%20%30%+18.89 %1 year+23.88 %2025+12.80 %2024+10.67 %2023−0.93 %2022+17.18 %2021
dividendsprice changeprice decline

Calendar per share (EUR)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.110.76
20250.150.700.210.37
20240.150.560.260.24
20230.120.710.280.19
20220.130.760.210.20
20210.150.540.280.24
20200.130.320.190.18
20190.130.640.150.20
20180.120.730.120.21
20170.18

Latest dividends

Per shareEx-dividend dateRecord datePayment
0.7591 EUR11 Jun 202612 Jun 202623 Jun 2026
0.1094 EUR12 Mar 202613 Mar 202625 Mar 2026
0.3673 EUR10 Dec 202511 Dec 202522 Dec 2025
0.2065 EUR10 Sept 202511 Sept 202522 Sept 2025
0.7046 EUR11 Jun 202512 Jun 202523 Jun 2025
0.1515 EUR12 Mar 202513 Mar 202524 Mar 2025
0.2421 EUR11 Dec 202412 Dec 202423 Dec 2024
0.2634 EUR11 Sept 202412 Sept 202423 Sept 2024
Per-share dividends as declared by the issuer, in EUR, since the first payment (12 Dec 2017). Past dividends are not indicative of future ones.

ETFs declaring the same index

FundTERIncomeFund size
DIVA · Franklin Templeton
0.25%Acc.662 mln EUR
2 ETFs in our census declare this index (including this fund). Funds declaring the exact same index, word for word, in official product lists. Differently-worded variants (or other index versions) are not shown: a short list beats a wrong match. Sorted by TER. A dash “—” = not declared by the issuer in the files we read — not a zero.

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:

IE00BF2B0L69
  • Directazero within the savings plan (buys)
  • Directazero on single buys from 1,000 €, agreement until 30 June 2027
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
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)FLXD31 Jan 2018
Börse DüsseldorfFLXD10 Nov 2017
Börse FrankfurtFLXD7 Sept 2017
Börse HamburgFLXD14 Feb 2019
Börse HannoverFLXD9 Dec 2024
Börse München / gettexFLXD11 Sept 2017
Börse StuttgartFLXD21 Jan 2019
Tradegate ExchangeFLXD30 Oct 2019
Xetra (Deutsche Börse)FLXD7 Sept 2017
+ 16 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 European Quality Dividend UCITS ETF (Dis) track?
The issuer Franklin Templeton declares the benchmark: LibertyQ European Dividend Index-NR.
How much does FLXD cost?
The issuer-declared TER is 0.25% per year; the transaction costs estimated in the KID are 0.04%.
How is FLXD 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 FLXD?
The fund size declared by Franklin Templeton is about 662 million euro.
When was FLXD launched?
The fund was launched on 6 September 2017: it has 9 years of history.
How does FLXD replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (full replication) (issuer wording: “Replica completa”).
Does FLXD pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing (Quarterly)”).
Where does FLXD trade?
Per the official ESMA register it trades on 9 main exchanges, including Borsa Italiana (ETFplus) (FLXD), Börse Düsseldorf (FLXD), Börse Frankfurt (FLXD), Börse Hamburg (FLXD), Börse Hannover (FLXD), Börse München / gettex (FLXD).
What was FLXD's worst fall?
Over the available history (since 2017), the maximum drawdown was -36.01%, reached in March 2020. Past performance is not indicative of future results.
What is FLXD's tracking difference?
Over the last 3 complete calendar years the fund returned on average +0.49% per year versus its index (from issuer-declared series).
How many securities does FLXD hold?
The declared portfolio holds 60 securities; the top 10 positions weigh 33.5%.
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.