Performance data represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your units.
Commissions, trailing commissions, management fees, brokerage fees and expenses may be associated with investments in mutual funds and ETFs. Please read the prospectus and fund fact/ETF facts document before investing. ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF’s net asset value. Brokerage commissions and ETF expenses will reduce returns. Performance of an ETF may vary significantly from the performance of an index, as a result of transaction costs, expenses, and other factors. Indicated rates of return are historical annual compounded total returns for the period indicated, including changes in unit value and reinvestment distributions, and do not take into account any charges or income taxes payable by any security holder that would have reduced returns. Mutual funds and ETFs are not guaranteed. Their values change frequently. Past performance may not be repeated.
ETFs trade like stocks, fluctuate in market value and may trade at prices above or below their net asset value. Brokerage commissions and ETF expenses will reduce returns.
For more information on any of our funds, contact your financial advisor or download a free prospectus. Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
Investors can obtain any fund document by contacting a financial advisor or downloading it from the list of fund documents above.
ETF units may be bought or sold throughout the day at their market price on the exchange on which they are listed. However, there can be no guarantee that an active trading market for ETF units will develop or be maintained, or that their listing will continue or remain unchanged. While the units of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress.
The trading prices of the ETF’s units in the secondary market generally differ from the ETF’s daily NAV and are affected by market forces such as supply and demand, economic conditions and other factors. Information regarding the intraday value of units of the ETF, also known as the “indicative optimized portfolio value” (“IOPV”), is disseminated every 15 seconds throughout the trading day by the national securities exchange on which the ETF’s units are listed or by market data vendors or other information providers. Therefore, the IOPV should not be viewed as a “real-time” update of the ETF’s NAV, which is computed only once a day.
Prior to trading in the secondary market, units of the ETF are “created” at NAV by market makers, large investors and institutions only in block-size Creation Units of 100,000 units or multiples thereof. Each “Authorized Participant” enters into an authorized participant agreement with Franklin Templeton Distributors, Inc, an affiliate of Franklin Advisers, Inc. Only an Authorized Participant may create or redeem Creation Units directly with the ETF.
Net Asset Value is the market value of one unit of the ETF. This amount is derived by dividing the total value of all the securities in the ETF’s portfolio, less any liabilities, by the number of ETF units outstanding.
The NAV used in the Total Return calculation assumes all management fees and operating expenses incurred by the ETF. Market Price returns are based upon the midpoint of the bid/ask spread (last trade) at 4:00pm EST and do not reflect the returns you would receive if you traded units at other times. The first trading date is typically several days after the ETF inception date, therefore Market Price returns are measured as of this date.
Daily data source: Calculated by FactSet. Important data provider notices and terms available at www.franklintempletondatasources.com
Diversification does not protect an investor from market risk and does not ensure a profit. We note that Smart Beta ETFs are not riskless investments, so investors can lose money. For additional risk considerations, please see the fund's prospectus.
Indexes are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Investors can obtain any fund document by contacting a financial advisor or downloading it from the list of fund documents above.
