FRANKLIN S&P 500 CONS DISC UCITS ETF
| Issuer: Franklin Templeton |
| Asset Class: Equity |
| TER: 15bps |
| Trading Currency: USD |
| Pays Income: False |
| Listing Date: 14 May 2026 |
| Ticker: USCO |
| ISIN: IE000PEYL7P5 |
This fund offers targeted exposure to the U.S. consumer discretionary sector by tracking a specific S&P 500 sector index. This index includes large-cap companies that provide non-essential goods and services, whose performance is often closely linked to the economic cycle and consumer confidence. When the economy is robust and disposable incomes are rising, consumers tend to increase spending on items like automobiles, luxury goods, travel, and entertainment, directly benefiting the companies within this portfolio. Conversely, during economic downturns, spending on these discretionary items is typically curtailed, which can negatively impact the sector's performance, making this a cyclically sensitive investment.
The underlying portfolio comprises prominent U.S. companies from a diverse range of industries such as automotive, e-commerce and traditional retail, media, and hospitality. An investment provides concentrated exposure to major players that are often at the forefront of evolving consumer trends and technological innovation. The index it follows employs a capping mechanism, which limits the weight of any single company. This methodology helps to ensure a degree of diversification within the sector and mitigates the concentration risk that can arise in purely market-cap-weighted indices where a few large constituents might otherwise dominate.
This thematic investment is suitable for individuals looking to express a bullish view on the health of the U.S. economy and the spending power of its consumers. It can function as a tactical satellite holding to overweight the consumer discretionary sector within a broader, diversified equity portfolio. Due to its cyclical nature, it is generally more appropriate for investors with a higher tolerance for risk and an investment horizon that can accommodate potential economic fluctuations. The strategy provides a cost-efficient and transparent method to access a basket of leading consumer-focused brands in the world's largest economy.
The underlying portfolio comprises prominent U.S. companies from a diverse range of industries such as automotive, e-commerce and traditional retail, media, and hospitality. An investment provides concentrated exposure to major players that are often at the forefront of evolving consumer trends and technological innovation. The index it follows employs a capping mechanism, which limits the weight of any single company. This methodology helps to ensure a degree of diversification within the sector and mitigates the concentration risk that can arise in purely market-cap-weighted indices where a few large constituents might otherwise dominate.
This thematic investment is suitable for individuals looking to express a bullish view on the health of the U.S. economy and the spending power of its consumers. It can function as a tactical satellite holding to overweight the consumer discretionary sector within a broader, diversified equity portfolio. Due to its cyclical nature, it is generally more appropriate for investors with a higher tolerance for risk and an investment horizon that can accommodate potential economic fluctuations. The strategy provides a cost-efficient and transparent method to access a basket of leading consumer-focused brands in the world's largest economy.
Other Exchange Listings
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