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Actively managed: it does not track an index — the declared benchmark is a yardstick for comparison

🇮🇹 Effective capital-gains rate: 20.13%details →

Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc)Index, costs, backtest, listings and taxation

ISIN: IE00BHZRR253Ticker: FLRGIssuer: Franklin TempletonClass: EUR (Acc)

Issuer-declared data

Declared index

Bloomberg Global Aggregate EUR Green Bond Index

TER

0.25%

Transaction costs

0.11% (issuer estimate, from the KID)

Management

Active management

Replication

Active

Income policy

Accumulating

SFDR

Article 9 — declared sustainable investment objective what does it mean?

Fund assets

217.2 mln EUR

NAV

23.79 EUR (1 September 2026)

Domicile

Ireland

Inception date

29 April 2019

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 Sustainable Euro Green Bond UCITS ETF EUR (Acc) is an actively managed ETF: it does not track an index — the declared index (Bloomberg Global Aggregate EUR Green Bond Index) is a comparison yardstick only. The declared annual cost (TER) is 0.25%, plus 0.11% in transaction costs estimated by the issuer in the KID. Income is accumulated and reinvested in the fund. The fund has assets of about 217 million euro, was launched on 29 April 2019 and is domiciled in Ireland.

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

Investment Objective To provide exposure to the European green bond market, whilst maximising total returns.
Keep reading the KID section ▾
Investment PolicyThe Fund invests a minimum of 75% in corporate and government green bonds (bonds whose proceeds finance environmental projects) denominated in or hedged to European currencies. These investments may be of any duration, both investment and below investment grade and have fixed or floating rates. To a lesser extent, the Fund may invest in bonds that are deemed by the Investment Manager to be supportive of a low-carbon future. The Fund may also invest in perpetual bonds, convertible securities, including contingent convertible bonds, and asset- and mortgage-backed securities. Derivatives and techniques The Fund may use derivatives for hedging, efficient portfolio management and investment purposes. Strategy The investment manager uses macroeconomic and interest rate to identify eligible green bonds and securities that appear to offer the best return for their risk level. Sustainable investing The investment manager applies a proprietary rating methodology using various ESG criteria in pursuing its sustainable objective. The Fund determines if securities and their issuers meet green bond standards and/or are contributing 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. SFDR category Article 9 (sustainable investment objective 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 0.25%: above 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 version ProspectusPDF in English, from the issuer’s site — the fund’s full legal document FactsheetPDF 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 Apr 2019 to Sept 2026

Adjusted for inflation

Compare with another ETF

Only funds we hold a history for. Three at a time, at most.

Return

-4.9%

Annualised

-0.7%

Volatility (ann.)

4.9%

Max drawdown

-23.25%

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.

Max drawdown

-23.25%

peak → trough

Trough

21 Oct 2022

from the 11 Dec 2020 peak

Recovery time

not yet

recovery only: trough to break-even

Underwater

2,097 days

decline + recovery: peak to break-even · ≈ 5 years and 9 months · (ongoing)

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
11 Dec 2020	21 Oct 2022	-23.25%	ongoing	2,097
28 Aug 2019	19 Mar 2020	-8.33%	14 Oct 2020	413
04 Jul 2019	12 Jul 2019	-1.23%	24 Jul 2019	20
15 Aug 2019	22 Aug 2019	-0.71%	28 Aug 2019	13
05 Nov 2020	10 Nov 2020	-0.63%	16 Nov 2020	11

Calendar-year returns

2019

3.2%

2020

5.5%

2021

-3.0%

2022

-18.9%

2023

7.8%

2024

2.5%

2025

1.0%

2026

-0.4%

Month-by-month returns

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	0.6	0.9	-2.1	0.5	0.9	0.5	-1.3	-0.2	-0.4				-0.4
2025	0.0	0.7	-1.9	1.3	0.1	0.1	0.2	-0.1	0.4	0.7	-0.2	-0.3	1.0
2024	-0.5	-1.0	1.4	-1.6	0.1	0.6	2.1	0.3	1.1	-0.9	2.1	-1.2	2.5
2023	2.2	-2.1	1.7	0.3	0.1	-0.4	0.5	0.2	-2.2	0.0	3.4	4.0	7.8
2022	-1.7	-3.3	-1.6	-3.7	-2.0	-3.7	5.0	-4.6	-4.6	-0.0	3.4	-3.5	-18.9
2021	-0.6	-1.9	0.0	-0.4	-0.2	0.6	1.7	-0.4	-1.2	-0.8	0.7	-0.6	-3.0
2020	2.0	0.5	-5.4	3.0	0.0	1.2	1.4	-0.5	0.9	0.9	1.1	0.4	5.5
2019					0.6	2.3	1.6	2.3	-1.0	-1.2	-0.5	-0.7	3.2

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	Last 3 years	Last 5 years	Full history
Volatility (ann.)	2.78%	3.94%	5.13%	4.86%
Max drawdown	-2.48%	-3.42%	-22.02%	-23.25%
Sharpe	-0.86	-0.03	-0.92	-0.46
Sortino	-1.18	-0.04	-1.29	-0.64

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.

Duration and maturities

Duration · effective duration

5.97years

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

Top-10 weight

31.3%

Top 10 holdings

FRK SUST EU GR SOV ETF · GSOV

3.70%

BUNDES 1.8% 15/08/53 · —

3.68%

SPAIN 1% 30/07/42 · —

3.68%

BUNDES 2.5% 15/02/35 · —

3.59%

BUNDES 2.3% 15/02/33 · —

3.29%

FRANCE 1.75% 25/06/39 · —

2.93%

REGION 3.75% 22/04/39 · —

2.93%

NETHER 0.5% 15/01/40 · —

2.65%

UK TS 4.625% 07/03/37 · —

2.45%

ICELAN 3.5% 21/03/34 · —

2.44%

Sectors

Treasuries

32.9%

Financial Institutions

20.7%

Serv. Pubblici

10.7%

Governativo

9.0%

Local Authorities

8.8%

Agencies

0.7%

Industriale

0.2%

Countries

up to 1%1–5%5–15%15–30%over 30%

Hover a country for its percentage.

Top 7 countries

Germany16.3%

Spain11.6%

Netherlands11.1%

France10.8%

Belgium9.4%

Austria6.2%

Italy4.6%

⬇ Download the full portfolio — Excel, 91 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

20.13%

White-list share

43.45%

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:

IE00BHZRR253

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

Exchange	Ticker	Trading since
Borsa Italiana (ETFplus)	FLRG	2 May 2019
Börse Düsseldorf	FLRG	24 May 2019
Börse Frankfurt	FLRG	30 Apr 2019
Börse Hamburg	FLRG	3 May 2019
Börse Hannover	FLRG	9 Dec 2024
Börse München / gettex	FLRG	30 Aug 2019
Börse Stuttgart	FLRG	3 May 2019
Euronext Amsterdam	FLRG	15 Sept 2021
Tradegate Exchange	FLRG	15 Nov 2019
Xetra (Deutsche Börse)	FLRG	30 Apr 2019

+ 15 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 Sustainable Euro Green Bond UCITS ETF EUR (Acc) track?

The issuer Franklin Templeton declares the benchmark: Bloomberg Global Aggregate EUR Green Bond Index.

How much does FLRG cost?

The issuer-declared TER is 0.25% per year; the transaction costs estimated in the KID are 0.11%.

How is FLRG taxed in Italy?

On sale, the capital gain is taxed at an effective 20.13% rate (white-list share 43.45%): 12.5% on the government-bond “white list” portion, 26% on the rest.

What is the fund size of FLRG?

The fund size declared by Franklin Templeton is about 217 million euro.

When was FLRG launched?

The fund was launched on 29 April 2019: it has 7 years of history.

Is FLRG actively or passively managed?

It is an ACTIVELY managed ETF: the manager picks the holdings, it does not replicate an index. The declared benchmark (Bloomberg Global Aggregate EUR Green Bond Index) is a yardstick for comparison, not an index being tracked.

Does FLRG pay dividends?

No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulating”).

Where does FLRG trade?

Per the official ESMA register it trades on 10 main exchanges, including Borsa Italiana (ETFplus) (FLRG), Börse Düsseldorf (FLRG), Börse Frankfurt (FLRG), Börse Hamburg (FLRG), Börse Hannover (FLRG), Börse München / gettex (FLRG).

What was FLRG's worst fall?

Over the available history (since 2019), the maximum drawdown was -23.25%, reached in October 2022. Past performance is not indicative of future results.

How many securities does FLRG hold?

The declared portfolio holds 91 securities; the top 10 positions weigh 31.3%.

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.