Franklin Liberty International Opportunities ETF

C000169126 Fund Overview

Franklin Liberty International Opportunities ETF is a US ETF managed by Franklin Templeton ETF Trust, categorised as China Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Franklin Templeton ETF Trust
• Category: China Blend / Core Equity
• Assets under management: $10.29M
• SEC CIK: 0001655589
• SEC series ID: S000053776
• Share class ID: C000169126

C000169126 Investment Objective and Strategy

Franklin Liberty International Opportunities ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Franklin Templeton ETF Trust.

Investment objective

Long-term capital appreciation.

Principal investment strategy

"Under normal market conditions, the Fund invests predominantly in equity securities of international companies in developed, developing and frontier markets outside of the U.S. across the entire market capitalization spectrum, including small and mid-capitalization companies. The Fund's individual country and sector weightings may vary significantly from its benchmark index, and investments will not necessarily be in the securities that comprise its benchmark index. The Fund's exposure to various regions and markets will vary from time to time according to the investment manager's opinions as to the prevailing conditions and prospects for these markets. In seeking to outperform the relevant market of each region, the investment manager consults with various local asset managers based in certain regions around the world (Sub-Advisors).

Although the Sub-Advisors assist the investment manager in the selection of local securities, the investment manager retains the sole discretion with respect to portfolio security selection. The Fund considers international companies to be companies: whose securities are listed or traded principally on a recognized stock exchange or over-the-counter market outside of the U.S.; that derive 50% or more of their total revenue from either goods or services produced or sales made in markets outside the U.S.; that have 50% or more of their assets outside the U.S.; or that are organized under the laws of or with principal offices in, a country other than the U.S. The Fund invests in equity securities of international companies in regions/countries that may include, but are not limited to, with the benefit of local knowledge, Africa; Australia; Canada; Mexico; Latin America; South America; Europe (including the United Kingdom); Asia (including Japan, South Korea, China, India and Russia); and the Middle East.

The Fund may invest in developed or developing market countries, including those considered to be ""frontier"" market countries (i.e., those that are smaller, less developed and less accessible developing market countries). Under normal market conditions, the Fund will provide exposure to investments that are economically tied to at least three different countries. The equity securities in which the Fund invests are principally common stocks and preferred stocks. The Fund also may invest in exchange-traded funds (ETFs) to obtain exposure to equity investments in local markets. The Fund may, from time to time, have significant positions in particular sectors such as financials. The Fund may enter into certain derivative transactions, principally currency forward contracts; currency futures contracts and options thereon; equity futures contracts (including equity index futures contracts); and options, including options on currencies and equity options (including equity index options).

The use of these derivative transactions may allow the Fund to obtain net long or short exposures to select instruments, currencies or countries. These derivatives may be used to enhance Fund returns, increase liquidity, gain exposure to certain instruments or markets in a more efficient or less expensive way and/or hedge risks associated with its other portfolio investments. When choosing equity investments for the Fund, the investment manager applies a research driven, ""bottom up,"" fundamental long-term approach, focusing on the market price of a company's securities relative to the investment manager's evaluation of the company's long-term earnings, asset value and cash flow potential. The Fund seeks to invest in companies that the investment manager considers to be financially strong with favorable growth potential and sustainable competitive advantages.

The investment manager may also consider, among other factors, a company's price/earnings ratio, profit margins and liquidation value. The investment manager may seek to sell a security if: (i) the security reaches its valuation target; (ii) the security reaches its position size limit in the Fund's portfolio; (iii) the security's fundamentals deteriorate; (iv) there are adverse policy changes that could affect the security's outlook; or (v) better investment opportunities become available. The Fund is an actively managed ETF that does not seek to replicate the performance of a specified index."

C000169126 Costs and Fees

C000169126 costs about $60 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.60%
• Gross expense ratio: 2.34%
• Portfolio turnover: 21%
• Brokerage commissions: 1.90 bps of average net assets (SEC N-CEN)

C000169126 Cashflows

Over the 12 months to 2019-12, Franklin Liberty International Opportunities ETF had net inflows of $0, from monthly SEC N-PORT filings.

C000169126 Debt Constituents

No individual debt constituents are reported in Franklin Liberty International Opportunities ETF's latest SEC N-PORT filing.

C000169126 Prospectus and SEC Filings

Official Franklin Liberty International Opportunities ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-08-09
• Prospectus (485BPOS) — filed 2018-08-09
• Prospectus supplement (497) — filed 2017-09-01
• Portfolio holdings (N-PORT) — filed 2020-02-28
• Portfolio holdings (N-PORT) — filed 2019-11-22
• Annual census (N-CEN) — filed 2019-06-14

Related Funds

Other China Blend / Core Equity funds tracked on ABC INVEST:

• Fiera Capital Emerging Markets Fund (RIMIX)
• 2ndVote Society Defended ETF (EGIS)
• Infusive® Compounding Global Equities ETF (JOYY)
• Clough China Fund (CHNAX)
• Franklin FTSE Hong Kong ETF (FLHK)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.