Franklin Files Short-Duration Global Bond ETF

The Franklin Short Term Bond ETF is designed to maintain an effective duration of three years or less, aiming to limit interest-rate sensitivity. The actively-managed fund will invest across a diversified mix of fixed income sectors, including investment-grade corporate debt, bank loans, sovereign bonds from developed and emerging markets, and securitized assets such as RMBS and CMBS. Below-investment-grade exposure is capped at 10% of assets, and the strategy may use derivatives for portfolio management, hedging, and market exposure.