The Franklin Liberty International Aggregate Bond ETF will try to generate investment return, consistent with prudent investing, consisting of a combination of interest income and capital appreciation by holding fixed and floating-rate bonds issued by governments, government agencies and governmental-related or corporate issuers located outside the U.S. Bonds may be denominated and issued in the local currency or in another currency.
FLIA’s manager allocates assets based on changing market, political and economic conditions. It considers various factors, such as the evaluation of interest rates, currency exchange rate changes and credit risks. A security may be sold if the security has become fully valued due to either its price appreciation or changes in the issuer’s fundamentals, or when the investment manager believes another security is a more attractive investment opportunity.
Lastly, Franklin Liberty Senior Loan ETF seeks high level of current income and preservation of capital by investing in senior loans and investments that provide exposure to senior loans. The manager may consider selling a security when it believes the security has become fully valued due to either its price appreciation or changes in the issuer’s fundamentals, or when the investment manager believes another security is a more attractive investment opportunity.
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