Franklin U.S. Low Volatility ETF

FLLV is a US Equities ETF. The fund seeks capital appreciation with an emphasis on lower volatility than the broader equity market, as measured by the Russell 1000 Index. The fund applies a fundamentally driven bottom-up research process to identify stocks that exhibit strong fundamental characteristics and screens for stocks with the lowest realized volatility scores, based on our proprietary quantitative model, relative to their corresponding sectors. Risk considerations are incorporated into the final stock selection process. Under normal market conditions, the Fund invests at least 80% of its net assets in U.S. investments. The Fund invests primarily in equity securities (principally common stocks) of U.S. companies, which are those that: are organized under the laws of, or have a principal office in, or for whose securities the principal trading market is, the U.S.; or derive 50% or more of their total revenue or profit from either goods or services produced, or sales made, in the U.S.; or have 50% or more of their assets in the U.S. The Fund seeks capital appreciation while providing a lower level of volatility than the broader equity market as measured by the Russell 1000 Index. Volatility is a statistical measurement of the frequency and level of up and down fluctuations of a fund s returns over time. Therefore, in this context, seeking to provide a lower level of volatility than the broader equity market means that the Fund seeks returns that fluctuate less than the returns of the Russell 1000 Index.

Yes, FLLV is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FLLV is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FLLV is -0.0074%. This is the percent change in the value of FLLV over the most recent 1-month period. The 3-month return on FLLV is 0.012%. This is the percent change in the value of FLLV over the most recent 3-month period.

The standard deviation of FLLV for the past year is 0.1479%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FLLV include PKW, VIXY, and XYLD.

ETFs correlated to FLLV include VIG, QUS, and TDVG.

ETFs that are inversely correlated to FLLV include SH, SDS, and SPXS.