| Investment Objective: |
Franklin U.S. Dividend Multiplier Index ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the VettaFi New Frontier U.S. Dividend Select Index. Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the U.S. Dividend Multiplier Underlying Index. Derivatives that have economic characteristics and provide investment exposure similar to securities included in the U.S. Dividend Multiplier Underlying Index will be counted towards the Fund's 80% investment policy. The U.S. Dividend Multiplier Underlying Index is a systematic, rules-based proprietary index that is maintained and calculated by VettaFi. The U.S. Dividend Multiplier Underlying Index is based on the VettaFi US Equity Large-Cap 500 Index (Parent Index) and is constructed by applying an optimization process to the Parent Index that aims to deliver excess (or "multiplied") dividend yield balanced against volatility relative to the broad market as represented by the Parent Index. |
