Franklin Core Balanced Active ETF

The fund aims for a balance of long-term capital appreciation and current income through balanced allocation of North American equity and fixed income securities. Note though FLBAs exposure between these asset classes may vary depending on: (1) changes in market valuation, or (2) portfolio managers view on market conditions. Equity portfolio uses a rules-based selection process that incorporates various fundamental factors, including historical and projected financial market data, valuation, volatility, and momentum trends. Fixed income portfolio includes all varieties of fixed income and floating rate securities, government and corporate bonds, and mortgage- and asset-backed bonds. The fund may also hedge foreign currency risk and may invest in various types of derivatives either for hedging or non-hedging purposes.