Franklin Liberty U.S. Low Volatility ETF (FLLV)

The fund invests at least 80% of its net assets in U.S. investments. It invests primarily in equity securities (principally common stocks) of U.S. companies. The fund seeks capital appreciation while providing a lower level of volatility than the broader equity market as measured by the Russell 1000®Index. It may invest a portion of its assets in mid-capitalization companies.