FLHYFranklin High Yield Corporate ETF

Franklin High Yield Corporate ETF is an actively managed fixed income exchange-traded fund that seeks a high level of current income, with capital appreciation as a secondary objective. The fund primarily invests in high yield corporate debt securities and related instruments, including bonds issued by U.S. and foreign companies. It may also use exposure tools and derivatives to manage liquidity and currency risk while maintaining its income-focused mandate. Designed for investors seeking diversified access to below-investment-grade corporate credit, the ETF spans multiple industries and issuers across developed and emerging markets. Franklin High Yield Corporate ETF plays a role in the high yield bond market by offering broad, professionally managed exposure to corporate credit opportunities within a single portfolio.