Franklin Disruptive Commerce ETF

Franklin Disruptive Commerce ETF is an actively managed equity fund that seeks capital appreciation by investing in companies positioned to benefit from disruptive commerce. Franklin Disruptive Commerce ETF focuses on businesses involved in e-commerce, digital payments, online marketplaces, sharing-economy services, direct marketing, and logistics efficiencies that help make buying and selling faster, more secure, and more personalized. The fund invests primarily in common stocks and may hold securities from both U.S. and international markets, including emerging markets, while concentrating most of its portfolio in consumer discretionary-related industries. It is designed to capture companies shaping how consumers and businesses transact in today’s digital economy, giving investors exposure to a theme that spans retail, technology, communications, transportation, and financial services.