YLDEFranklin ClearBridge Enhanced Income ETF

Franklin ClearBridge Enhanced Income ETF is an actively managed exchange-traded fund designed to generate income and support long-term capital appreciation. The fund primarily invests in dividend-paying equity securities and uses an options overlay, including the writing of U.S. exchange-traded call options on large-cap equity indices, to enhance income generation. Its portfolio is built around income-producing stocks across a range of sectors, with an emphasis on large-cap companies and diversified equity exposure. Franklin ClearBridge Enhanced Income ETF is used by market participants seeking a rules-based income solution that combines stock selection with derivatives-based premium income, making it a distinctive product within the equity income and derivative income segments of the ETF market.