Franklin Seeks ETF Focused on Mortgage and Securitized Credit

The Franklin Securitized Income ETF will invest primarily in securitized assets, including agency and non-agency mortgage-backed securities, commercial and residential MBS, CLOs, and other asset-backed securities. The actively-managed fund may hold both investment-grade and high-yield (“junk”) debt and is expected to make significant use of derivatives such as swaps, futures, options, and TBA contracts. The strategy emphasizes mortgage-related credit opportunities while actively managing interest-rate, prepayment, liquidity, and credit risks.