FLBLFranklin Senior Loan ETF

Franklin Senior Loan ETF is an actively managed fixed income ETF that seeks a high level of current income by investing primarily in senior floating-rate corporate loans. The fund focuses on income-producing loans made to or issued by U.S. companies, non-U.S. entities, and U.S. subsidiaries of non-U.S. entities, with senior loans and related exposures forming the core of the portfolio. As a bank loan strategy, it sits within the leveraged loan market and typically emphasizes floating-rate debt, which is designed to adjust with short-term interest rates. Franklin Senior Loan ETF is used by investors looking for diversified exposure to the senior loan segment through a single listed fund, and it plays a role in the fixed income market by providing access to floating-rate corporate credit across multiple issuers and industries. The fund is managed by Franklin Templeton.