Franklin Liberty U.S. Low Volatility ETF

The fund seeks capital appreciation by investing in companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in equity securities (principally common stocks) of U.S. companies.

The research process is driven by fundamental analysis of one stock at a time.

In selecting securities for the portfolio, the research team creates a starting universe that is derived from the holdings of a number of actively managed Franklin Templeton equity funds.

The team then screens that universe on a quarterly basis to identify those securities with the lowest realized volatility relative to their corresponding sectors.

Also, the team incorporates fundamental views of individual stocks.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may invest a portion of its assets in mid-capitalization companies, as well as American Depository Receipts.