Europe's first actively managed green bond ETF

Invest in climate-aligned bonds with Franklin Liberty Euro Green Bond UCITS ETF

Broader ‘green’ opportunity set

Invests in both labelled green bonds and climate-aligned bonds, allowing managers to uncover new opportunities outside of a pure green-bond market.

Diversified sources of value-add

Managers actively utilize sector rotation, security selection, duration and curve management to help achieve excess returns and minimize risk.

Robust ESG research

Investment team uses proprietary sovereign ESG model and conducts rigorous bond selection process to determine if a security and issuer meet a green bond labelled standard.


July 2021

When is a Green Bond really green?

Our annual impact report for the Franklin Liberty Euro Green Bond UCITS ETF provides comprehensive insight into the three central ‘use of proceeds’ areas that green bonds tend to focus on: energy, buildings and transport. View a range of best practice ideas, an update of the team’s methodology as well as the specific impact of different bonds within the portfolio.



Franklin Liberty Euro Green Bond UCITS ETF is Europe’s first actively managed, fully dedicated green bond ETF.1

The ETF invests primarily in green bonds, which are a type of bond where proceeds are earmarked to help fund projects with positive environmental or climate benefits.

Franklin Liberty Euro Green Bond UCITS ETF offers investors:

  • Access to a diversified pool of bonds in the European green bond market, which is the world's largest and most advanced green bond market2
  • A sustainable investing solution for investors seeking measurable environmental impact from their portfolio
  • Extensive European fixed income investment research capabilities and expertise from the Franklin European Fixed Income Team
  • Dedicated ESG investment capabilities are delivered by an ESG analyst embedded within the investment team and are enhanced by the additional research and resources of Franklin Templeton’s team of global ESG specialists
  • A total expense ratio of 0.3%3

What are the risks?

The value of shares in the Fund and income received from it can go down as well as up and investors may not get back the full amount invested.

Performance may also be affected by currency fluctuations. Currency fluctuations may affect the value of overseas investments.

There is no guarantee that the Fund will meet its objective.

The fund invests mainly in green bonds whilst aiming to maintain capital preservation. Such securities have historically proven to present some stability over time and have benefitted from limited exposure to interest rates and movements in the bond market. As a result the performance of the fund can fluctuate moderately over time.

Other significant risks include: counterparty risk, credit risk, derivatives risk and secondary market trading risk.

For full details of all the risks applicable to this Fund, please refer to the “Risk Considerations” section of the current prospectus of Franklin LibertyShares ICAV.

  1. Franklin Liberty Euro Green Bond UCITS ETF is a sub-fund of Franklin LibertyShares ICAV, an Irish collective asset-management vehicle.
  2. Source: Bloomberg Barclays Bond Database. As of 31 December 2018.
  3. The total expense ratio of a fund expresses the sum of the costs and fees of a fund as a percentage of the average fund volume within the last financial year.