SEMIANNUAL REPORT
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FRANKLIN TEMPLETON ETF TRUST
September 30, 2023
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Franklin FTSE Asia ex Japan ETF |
Franklin FTSE Italy ETF | |
Franklin FTSE Australia ETF |
Franklin FTSE Japan ETF | |
Franklin FTSE Brazil ETF |
Franklin FTSE Japan Hedged ETF | |
Franklin FTSE Canada ETF |
Franklin FTSE Latin America ETF | |
Franklin FTSE China ETF |
Franklin FTSE Mexico ETF | |
Franklin FTSE Europe ETF |
Franklin FTSE Saudi Arabia ETF | |
Franklin FTSE Eurozone ETF |
Franklin FTSE South Africa ETF | |
Formerly, Franklin FTSE Europe Hedged ETF |
Franklin FTSE South Korea ETF | |
Franklin FTSE France ETF |
Franklin FTSE Switzerland ETF | |
Franklin FTSE Germany ETF |
Franklin FTSE Taiwan ETF | |
Franklin FTSE Hong Kong ETF |
Franklin FTSE United Kingdom ETF | |
Franklin FTSE India ETF |
The Securities and Exchange Commission has adopted new regulations that will result in changes to the design and delivery of annual and semiannual shareholder reports beginning in July 2024.
If you have previously elected to receive shareholder reports electronically, you will continue to do so and need not take any action.
Otherwise, paper copies of the Fund’s shareholder reports will be mailed to you beginning in July 2024. If you would like to receive shareholder reports and other communications from the Fund electronically instead of by mail, you may make that request at any time by contacting your financial intermediary (such as a broker-dealer or bank).
Visit franklintempleton.com for fund updates and documents, or to find helpful financial planning tools. |
Not FDIC Insured | | | May Lose Value | | | No Bank Guarantee |
franklintempleton.com |
Semiannual Report |
1 |
Franklin FTSE Asia ex Japan ETF
This semiannual report for Franklin FTSE Asia ex Japan ETF covers the period ended September 30, 2023.
Fund Overview
Your Fund’s Goal and Main Investments
The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Asia ex Japan RIC Capped Index (the FTSE Asia ex Japan Capped Index-NR or the Underlying Index).1 Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the FTSE Asia ex Japan Capped Index-NR and in depositary receipts representing such securities.
Top 10 Sectors/Industries | ||||
9/30/23 | ||||
% of
Total Net Assets |
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Banks |
12.7% | |||
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Semiconductors & Semiconductor Equipment |
9.6% | |||
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Technology Hardware, Storage & Peripherals |
6.5% | |||
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Interactive Media & Services |
5.7% | |||
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Broadline Retail |
4.9% | |||
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Insurance |
4.2% | |||
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Oil, Gas & Consumable Fuels |
3.9% | |||
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Automobiles |
3.4% | |||
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Hotels, Restaurants & Leisure |
3.2% | |||
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Electronic Equipment, Instruments & Components |
2.9% | |||
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Performance Overview
During the six-month period, the Fund posted cumulative total returns of -4.04% based on market price and -3.80% based on net asset value. In comparison, the FTSE Asia ex Japan Capped Index-NR posted a -3.43% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 4.
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
Top 10 Holdings | ||||
9/30/23
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Company Sector/Industry, Country |
% of
Total Net Assets |
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Taiwan Semiconductor Manufacturing Co. Ltd. |
6.4% | |||
Semiconductors & Semiconductor Equipment, Taiwan |
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Samsung Electronics Co. Ltd. |
4.6% | |||
Technology Hardware, Storage & Peripherals, South Korea | ||||
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Tencent Holdings Ltd. |
4.0% | |||
Interactive Media & Services, China |
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Alibaba Group Holding Ltd., Class A |
3.1% | |||
Broadline Retail, China |
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Reliance Industries Ltd. |
1.6% | |||
Oil, Gas & Consumable Fuels, India |
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AIA Group Ltd. |
1.6% | |||
Insurance, Hong Kong |
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Meituan, Class B |
1.3% | |||
Hotels, Restaurants & Leisure, China |
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HDFC Bank Ltd. |
1.2% | |||
Banks, India |
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Infosys Ltd. |
1.0% | |||
IT Services, India |
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PDD Holdings, Inc., ADR |
1.0% | |||
Broadline Retail, China |
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1. The FTSE Asia ex Japan Capped Index-NR is a free float-adjusted market capitalization-weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25% of the index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the index’s weight. The FTSE Asia ex Japan Capped Index-NR is based on the FTSE Asia ex Japan Index and is designed to measure the performance of large- and mid-capitalization stocks from developed and emerging Asian countries, excluding Japan. The Chinese constituents in the FTSE Asia ex Japan Capped Index-NR are represented by H-shares, B-shares, A-shares, N-shares, Red Chips, P-Chips and S-Chips.
2. Source: FactSet.
The index is unmanaged and includes reinvestment of any income or distributions (after the deduction of certain withholding taxes). It does not reflect any fees, expenses or sales charges. One cannot invest directly in an index. Net Return (NR) include income net of tax withholding when dividends are paid.
The dollar value, number of shares or principal amount, and names of all portfolio holdings are listed in the Fund’s Schedule of Investments (SOI). The SOI begins on page 113.
2 |
Semiannual Report |
franklintempleton.com |
FRANKLIN FTSE ASIA EX JAPAN ETF
Top 10 Countries | ||||
9/30/23 | ||||
% of
Total Net Assets |
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China |
32.8% | |||
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India |
19.6% | |||
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Taiwan |
16.3% | |||
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South Korea |
13.4% | |||
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Hong Kong |
6.2% | |||
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Singapore |
3.5% | |||
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Indonesia |
2.4% | |||
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Thailand |
2.4% | |||
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Malaysia |
1.8% | |||
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Philippines |
0.8% | |||
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Thank you for your participation in Franklin FTSE Asia ex Japan ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Joe Diederich
Basit Amin, CFA
Portfolio Management Team
CFA® is a trademark owned by CFA Institute.
See www.franklintempletondatasources.com for additional data provider information.
franklintempleton.com |
Semiannual Report |
3 |
FRANKLIN FTSE ASIA EX JAPAN ETF
Performance Summary as of September 30, 2023
Total return reflects reinvestment of the Fund’s dividends and capital gain distributions, if any, and any unrealized gains or losses. Total returns do not include brokerage commissions that may be payable on secondary market transactions. The performance table does not reflect any taxes that a shareholder would pay on Fund dividends, capital gain distributions, if any, or any realized gains on the sale or redemption of Fund shares.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until after the Fund’s inception, for the period from inception to the first day of secondary trading (2/9/18), the NAV of the Fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV.
Your dividend income will vary depending on dividends or interest paid by securities in the Fund’s portfolio, adjusted for operating expenses. Capital gain distributions are net profits realized from the sale of portfolio securities.
Performance as of 9/30/231
Cumulative Total Return2 | Average Annual Total Return2 | |||||||||||||||
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Based on NAV |
3 |
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Based on market price |
4 |
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Based on NAV |
3 |
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Based on market price |
4 | |||||
6-Month |
-3.80% | -4.04% | -3.80% | -4.04% | ||||||||||||
1-Year |
+11.31% | +12.19% | +11.31% | +12.19% | ||||||||||||
3-Year |
-7.30% | -8.20% | -2.49% | -2.81% | ||||||||||||
5-Year |
+4.76% | +4.34% | +0.93% | +0.85% | ||||||||||||
Since Inception (2/6/18) |
-2.35% | -2.70% | -0.42% | -0.48% |
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
See page 5 for Performance Summary footnotes.
4 |
Semiannual Report |
franklintempleton.com |
FRANKLIN FTSE ASIA EX JAPAN ETF
PERFORMANCE SUMMARY
Distributions (4/1/23–9/30/23)
Net Investment Income |
$0.178631 |
Total Annual Operating Expenses5
0.19% |
Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance.
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. The government’s participation in the economy is still high and, therefore, investments in China will be subject to larger regulatory risk levels compared to many other countries. To the extent the Fund invests in companies in a specific country or region, the Fund may experience greater volatility than a Fund that is more broadly diversified geographically. These and other risks are discussed in the Fund’s prospectus.
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.
1. The total annual operating expenses are as of the Fund’s prospectus available at the time of publication. Actual expenses may be higher and may impact portfolio returns.
2. Total return calculations represent the cumulative and average annual changes in value of an investment over the periods indicated. Return for less than one year, if any, has not been annualized.
3. Assumes reinvestment of distributions based on net asset value.
4. Assumes reinvestment of distributions based on market price.
5. Figures are as stated in the Fund’s current prospectus and may differ from the expense ratios disclosed in the Your Fund’s Expenses and Financial Highlights sections in this report.
See www.franklintempletondatasources.com for additional data provider information.
franklintempleton.com |
Semiannual Report |
5 |
FRANKLIN FTSE ASIA EX JAPAN ETF
Your Fund’s Expenses
As a Fund shareholder, you can incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of Fund shares; and (2) ongoing Fund costs, including management fees and other Fund expenses. All funds have ongoing costs, sometimes referred to as operating expenses. The table below shows ongoing costs of investing in the Fund and can help you understand these costs and compare them with those of other funds. The table assumes a $1,000 investment held for the six months indicated.
Actual Fund Expenses
The table below provides information about actual account values and actual expenses in the columns under the heading “Actual.” In these columns the Fund’s actual return, which includes the effect of Fund expenses, is used to calculate the “Ending Account Value.” You can estimate the expenses you paid during the period by following these steps (of course, your account value and expenses will differ from those in this illustration): Divide your account value by $1,000 (if your account had an $8,600 value, then $8,600 ÷ $1,000 = 8.6). Then multiply the result by the number in the row under the headings “Actual” and “Expenses Paid During Period” (if Actual Expenses Paid During Period were $7.50, then 8.6 × $7.50 = $64.50). In this illustration, the actual expenses paid this period are $64.50.
Hypothetical Example for Comparison with Other Funds
Under the heading “Hypothetical” in the table, information is provided about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. This information may not be used to estimate the actual ending account balance or expenses you paid for the period, but it can help you compare ongoing costs of investing in the Fund with those of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that expenses shown in the table are meant to highlight ongoing costs and do not reflect any transactional costs. Therefore, information under the heading “Hypothetical” is useful in comparing ongoing costs only, and will not help you compare total costs of owning different funds. In addition, if transactional costs were included, your total costs would have been higher.
Actual (actual return after expenses) |
Hypothetical (5% annual return before expenses) |
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Beginning Account Value 4/1/23 |
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Ending Account |
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Expenses Paid During Period |
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Ending Account |
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Expenses Paid During Period |
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Net Annualized Expense Ratio |
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$1,000.00 | $962.00 | $0.93 | $1,024.05 | $0.96 | 0.19 | % |
1. Expenses are equal to the annualized expense ratio for the six-month period as indicated above—in the far right column—multiplied by the simple average account value over the period indicated, and then multiplied by 183/366 to reflect the one-half year period.
6 |
Semiannual Report |
franklintempleton.com |
This semiannual report for Franklin FTSE Australia ETF covers the period ended September 30, 2023.
Fund Overview
Your Fund’s Goal and Main Investments
The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Australia RIC Capped Index (the FTSE Australia Capped Index-NR or the Underlying Index).1 Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the FTSE Australia Capped Index-NR and in depositary receipts representing such securities.
Top 10 Sectors/Industries | ||
9/30/23 | ||
% of Total Net Assets | ||
Metals & Mining |
21.9% | |
Banks |
21.8% | |
Biotechnology |
6.3% | |
Oil, Gas & Consumable Fuels |
5.8% | |
Capital Markets |
4.1% | |
Consumer Staples Distribution & Retail |
4.0% | |
Insurance |
3.7% | |
Broadline Retail |
3.2% | |
Transportation Infrastructure |
2.7% | |
Hotels, Restaurants & Leisure |
2.5% |
Performance Overview
During the six-month period, the Fund posted cumulative total returns of -4.09% based on market price and -2.93% based on net asset value. In comparison, the FTSE Australia Capped Index-NR posted a -2.91% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 9.
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
Top 10 Holdings | ||||
9/30/23
|
||||
Company Sector/Industry, Country |
% of Total Net Assets |
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BHP Group Ltd. Metals & Mining, Australia |
11.6% | |||
Commonwealth Bank of Australia Banks, Australia |
8.8% | |||
CSL Ltd. Biotechnology, Australia |
6.3% | |||
National Australia Bank Ltd. Banks, Australia |
4.7% | |||
ANZ Group Holdings Ltd. Banks, Australia |
4.0% | |||
Westpac Banking Corp. Banks, Australia |
3.8% | |||
Woodside Energy Group Ltd. Oil, Gas & Consumable Fuels, Australia |
3.6% | |||
Macquarie Group Ltd. Capital Markets, Australia |
3.2% | |||
Wesfarmers Ltd. Broadline Retail, Australia |
3.1% | |||
Woolworths Group Ltd. Consumer Staples Distribution & Retail, Australia |
2.4% |
1. The FTSE Australia Capped Index-NR is a free float-adjusted market capitalization-weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25% of the index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the index’s weight. The FTSE Australia Capped Index-NR is based on the FTSE Australia Index and is designed to measure the performance of Australian large-and mid-capitalization stocks.
2. Source: FactSet.
The index is unmanaged and includes reinvestment of any income or distributions (after the deduction of certain withholding taxes). It does not reflect any fees, expenses or sales charges. One cannot invest directly in an index. Net Return (NR) include income net of tax withholding when dividends are paid.
See www.franklintempletondatasources.com for additional data provider information.
The dollar value, number of shares or principal amount, and names of all portfolio holdings are listed in the Fund’s Schedule of Investments (SOI). The SOI begins on page 150.
franklintempleton.com |
Semiannual Report |
7 |
FRANKLIN FTSE AUSTRALIA ETF
Thank you for your participation in Franklin FTSE Australia ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Joe Diederich
Basit Amin, CFA
Portfolio Management Team
8 |
Semiannual Report |
franklintempleton.com |
FRANKLIN FTSE AUSTRALIA ETF
Performance Summary as of September 30, 2023
Total return reflects reinvestment of the Fund’s dividends and capital gain distributions, if any, and any unrealized gains or losses. Total returns do not include brokerage commissions that may be payable on secondary market transactions. The performance table does not reflect any taxes that a shareholder would pay on Fund dividends, capital gain distributions, if any, or any realized gains on the sale or redemption of Fund shares.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until after the Fund’s inception, for the period from inception to the first day of secondary trading (11/6/17), the NAV of the Fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV.
Your dividend income will vary depending on dividends or interest paid by securities in the Fund’s portfolio, adjusted for operating expenses. Capital gain distributions are net profits realized from the sale of portfolio securities.
Performance as of 9/30/231
Cumulative Total Return2 | Average Annual Total Return2 | |||||||||||||||
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Based on NAV |
3 |
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Based on market price |
4 |
|
Based on NAV |
3 |
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Based on market price |
4 | |||||
6-Month |
-2.93% | -4.09% | -2.93% | -4.09% | ||||||||||||
1-Year |
+14.14% | +13.35% | +14.14% | +13.35% | ||||||||||||
3-Year |
+26.45% | +24.71% | +8.14% | +7.64% | ||||||||||||
5-Year |
+26.14% | +26.06% | +4.75% | +4.74% | ||||||||||||
Since Inception (11/2/17) |
+28.60% | +27.55% | +4.35% | +4.20% |
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
See page 10 for Performance Summary footnotes.
franklintempleton.com |
Semiannual Report |
9 |
FRANKLIN FTSE AUSTRALIA ETF
PERFORMANCE SUMMARY
Distributions (4/1/23–9/30/23)
Net Investment Income |
$0.478848 |
Total Annual Operating Expenses5
0.09% |
Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance.
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. To the extent the Fund invests in companies in a specific country or region, the Fund may experience greater volatility than a Fund that is more broadly diversified geographically. The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the Fund’s performance and result in greater fluctuation in the value of the Fund’s shares. These and other risks are discussed in the Fund’s prospectus.
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.
1. The total annual operating expenses are as of the Fund’s prospectus available at the time of publication. Actual expenses may be higher and may impact portfolio returns.
2. Total return calculations represent the cumulative and average annual changes in value of an investment over the periods indicated. Return for less than one year, if any, has not been annualized.
3. Assumes reinvestment of distributions based on net asset value.
4. Assumes reinvestment of distributions based on market price.
5. Figures are as stated in the Fund’s current prospectus and may differ from the expense ratios disclosed in the Your Fund’s Expenses and Financial Highlights sections in this report.
See www.franklintempletondatasources.com for additional data provider information.
10 |
Semiannual Report |
franklintempleton.com |
FRANKLIN FTSE AUSTRALIA ETF
Your Fund’s Expenses
As a Fund shareholder, you can incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of Fund shares; and (2) ongoing Fund costs, including management fees and other Fund expenses. All funds have ongoing costs, sometimes referred to as operating expenses. The table below shows ongoing costs of investing in the Fund and can help you understand these costs and compare them with those of other funds. The table assumes a $1,000 investment held for the six months indicated.
Actual Fund Expenses
The table below provides information about actual account values and actual expenses in the columns under the heading “Actual.” In these columns the Fund’s actual return, which includes the effect of Fund expenses, is used to calculate the “Ending Account Value.” You can estimate the expenses you paid during the period by following these steps (of course, your account value and expenses will differ from those in this illustration): Divide your account value by $1,000 (if your account had an $8,600 value, then $8,600 ÷ $1,000 = 8.6). Then multiply the result by the number in the row under the headings “Actual” and “Expenses Paid During Period” (if Actual Expenses Paid During Period were $7.50, then 8.6 × $7.50 = $64.50). In this illustration, the actual expenses paid this period are $64.50.
Hypothetical Example for Comparison with Other Funds
Under the heading “Hypothetical” in the table, information is provided about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. This information may not be used to estimate the actual ending account balance or expenses you paid for the period, but it can help you compare ongoing costs of investing in the Fund with those of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that expenses shown in the table are meant to highlight ongoing costs and do not reflect any transactional costs. Therefore, information under the heading “Hypothetical” is useful in comparing ongoing costs only, and will not help you compare total costs of owning different funds. In addition, if transactional costs were included, your total costs would have been higher.
Actual (actual return after expenses) |
Hypothetical (5% annual return before expenses) |
|||||||||||||||||||||
|
Beginning Account Value 4/1/23 |
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|
Ending Account Value 9/30/23 |
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|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Net Annualized Expense Ratio |
| |||||
$1,000.00 | $970.70 | $0.44 | $1,024.55 | $0.46 | 0.09 | % |
1. Expenses are equal to the annualized expense ratio for the six-month period as indicated above—in the far right column—multiplied by the simple average account value over the period indicated, and then multiplied by 183/366 to reflect the one-half year period.
franklintempleton.com |
Semiannual Report |
11 |
This semiannual report for Franklin FTSE Brazil ETF covers the period ended September 30, 2023.
Fund Overview
Your Fund’s Goal and Main Investments
The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Brazil RIC Capped Index (the FTSE Brazil Capped Index-NR or the Underlying Index).1 Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the FTSE Brazil Capped Index-NR and in depositary receipts representing such securities.
Top 10 Sectors/Industries | ||
9/30/23
|
||
% of Total Net Assets | ||
Oil, Gas & Consumable Fuels |
19.6% | |
Banks |
16.2% | |
Metals & Mining |
15.1% | |
Electric Utilities |
8.1% | |
Capital Markets |
5.4% | |
Ground Transportation |
4.0% | |
Beverages |
2.8% | |
Consumer Staples Distribution & Retail |
2.7% | |
Electrical Equipment |
2.6% | |
Food Products |
2.4% |
Performance Overview
During the six-month period, the Fund posted cumulative total returns of +15.76% based on market price and +16.15% based on net asset value. In comparison, the FTSE Brazil Capped Index-NR posted a +16.39% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 14.
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
Top 10 Holdings | ||||
9/30/23
|
||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Petroleo Brasileiro SA, 9.792%, pfd. Oil, Gas & Consumable Fuels, Brazil |
16.3% | |||
Vale SA Metals & Mining, Brazil |
12.5% | |||
Itau Unibanco Holding SA, 4.671%, pfd. Banks, Brazil |
6.9% | |||
Banco Bradesco SA, 5.993%, pfd. Banks, Brazil |
4.5% | |||
B3 SA - Brasil Bolsa Balcao Capital Markets, Brazil |
3.4% | |||
Ambev SA Beverages, Brazil |
2.8% | |||
WEG SA Electrical Equipment, Brazil |
2.6% | |||
Localiza Rent a Car SA Ground Transportation, Brazil |
2.4% | |||
Centrais Eletricas Brasileiras SA Electric Utilities, Brazil |
2.4% | |||
Itausa SA, 6.464%, pfd. Banks, Brazil |
2.3% |
1. The FTSE Brazil Capped Index-NR is a free float-adjusted market capitalization-weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25% of the index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the index’s weight. The FTSE Brazil Capped Index-NR is based on the FTSE Brazil Index and is designed to measure the performance of Brazilian large- and mid-capitalization stocks.
2. Source: FactSet.
The index is unmanaged and includes reinvestment of any income or distributions (after the deduction of certain withholding taxes). It does not reflect any fees, expenses or sales charges. One cannot invest directly in an index. Net Return (NR) include income net of tax withholding when dividends are paid.
See www.franklintempletondatasources.com for additional data provider information.
The dollar value, number of shares or principal amount, and names of all portfolio holdings are listed in the Fund’s Schedule of Investments (SOI). The SOI begins on page 154.
12 |
Semiannual Report |
franklintempleton.com |
FRANKLIN FTSE BRAZIL ETF
Thank you for your participation in Franklin FTSE Brazil ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Joe Diederich
Basit Amin, CFA
Portfolio Management Team
franklintempleton.com |
Semiannual Report |
13 |
FRANKLIN FTSE BRAZIL ETF
Performance Summary as of September 30, 2023
Total return reflects reinvestment of the Fund’s dividends and capital gain distributions, if any, and any unrealized gains or losses. Total returns do not include brokerage commissions that may be payable on secondary market transactions. The performance table does not reflect any taxes that a shareholder would pay on Fund dividends, capital gain distributions, if any, or any realized gains on the sale or redemption of Fund shares.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until after the Fund’s inception, for the period from inception to the first day of secondary trading (11/7/17), the NAV of the Fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV.
Your dividend income will vary depending on dividends or interest paid by securities in the Fund’s portfolio, adjusted for operating expenses. Capital gain distributions are net profits realized from the sale of portfolio securities.
Performance as of 9/30/231
Cumulative Total Return2 | Average Annual Total Return2 | |||||||||||||||
|
Based on NAV |
3 |
|
Based on market price |
4 |
|
Based on NAV |
3 |
|
Based on market price |
4 | |||||
6-Month |
+16.15% | +15.76% | +16.15% | +15.76% | ||||||||||||
1-Year |
+14.91% | +14.21% | +14.91% | +14.21% | ||||||||||||
3-Year |
+41.63% | +40.32% | +12.30% | +11.95% | ||||||||||||
5-Year |
+21.43% | +22.85% | +3.96% | +4.20% | ||||||||||||
Since Inception (11/3/17) |
+8.53% | +8.44% | +1.40% | +1.38% |
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
See page 15 for Performance Summary footnotes.
14 |
Semiannual Report |
franklintempleton.com |
FRANKLIN FTSE BRAZIL ETF
PERFORMANCE SUMMARY
Distributions (4/1/23–9/30/23)
Net Investment |
$1.135066 |
Total Annual Operating Expenses5
0.19% |
Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance.
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. To the extent the Fund invests in companies in a specific country or region, the Fund may experience greater volatility than a Fund that is more broadly diversified geographically. The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the Fund’s performance and result in greater fluctuation in the value of the Fund’s shares. These and other risks are discussed in the Fund’s prospectus.
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.
1. The total annual operating expenses are as of the Fund’s prospectus available at the time of publication. Actual expenses may be higher and may impact portfolio returns.
2. Total return calculations represent the cumulative and average annual changes in value of an investment over the periods indicated. Return for less than one year, if any, has not been annualized.
3. Assumes reinvestment of distributions based on net asset value.
4. Assumes reinvestment of distributions based on market price.
5. Figures are as stated in the Fund’s current prospectus and may differ from the expense ratios disclosed in the Your Fund’s Expenses and Financial Highlights sections in this report.
See www.franklintempletondatasources.com for additional data provider information.
franklintempleton.com |
Semiannual Report |
15 |
FRANKLIN FTSE BRAZIL ETF
Your Fund’s Expenses
As a Fund shareholder, you can incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of Fund shares; and (2) ongoing Fund costs, including management fees and other Fund expenses. All funds have ongoing costs, sometimes referred to as operating expenses. The table below shows ongoing costs of investing in the Fund and can help you understand these costs and compare them with those of other funds. The table assumes a $1,000 investment held for the six months indicated.
Actual Fund Expenses
The table below provides information about actual account values and actual expenses in the columns under the heading “Actual.” In these columns the Fund’s actual return, which includes the effect of Fund expenses, is used to calculate the “Ending Account Value.” You can estimate the expenses you paid during the period by following these steps (of course, your account value and expenses will differ from those in this illustration): Divide your account value by $1,000 (if your account had an $8,600 value, then $8,600 ÷ $1,000 = 8.6). Then multiply the result by the number in the row under the headings “Actual” and “Expenses Paid During Period” (if Actual Expenses Paid During Period were $7.50, then 8.6 × $7.50 = $64.50). In this illustration, the actual expenses paid this period are $64.50.
Hypothetical Example for Comparison with Other Funds
Under the heading “Hypothetical” in the table, information is provided about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. This information may not be used to estimate the actual ending account balance or expenses you paid for the period, but it can help you compare ongoing costs of investing in the Fund with those of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that expenses shown in the table are meant to highlight ongoing costs and do not reflect any transactional costs. Therefore, information under the heading “Hypothetical” is useful in comparing ongoing costs only, and will not help you compare total costs of owning different funds. In addition, if transactional costs were included, your total costs would have been higher.
Actual (actual return after expenses) |
Hypothetical (5% annual return before expenses) |
|||||||||||||||||||||
|
Beginning Account Value 4/1/23 |
|
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Net Annualized Expense Ratio |
| |||||
$1,000.00 | $1,161.50 | $1.03 | $1,024.05 | $0.96 | 0.19 | % |
1. Expenses are equal to the annualized expense ratio for the six-month period as indicated above—in the far right column—multiplied by the simple average account value over the period indicated, and then multiplied by 183/366 to reflect the one-half year period.
16 |
Semiannual Report |
franklintempleton.com |
This semiannual report for Franklin FTSE Canada ETF covers the period ended September 30, 2023.
Fund Overview
Your Fund’s Goal and Main Investments
The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Canada RIC Capped Index (the FTSE Canada Capped Index-NR or the Underlying Index).1 Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the FTSE Canada Capped Index-NR and in depositary receipts representing such securities.
Top 10 Sectors/Industries | ||
9/30/23 |
% of Total Net Assets | ||
Banks |
26.5% | |
Oil, Gas & Consumable Fuels |
19.2% | |
Ground Transportation |
8.7% | |
Insurance |
8.4% | |
Metals & Mining |
7.2% | |
IT Services |
5.5% | |
Consumer Staples Distribution & Retail |
4.7% | |
Capital Markets |
3.8% | |
Software |
2.6% | |
Commercial Services & Supplies |
2.3% |
Performance Overview
During the six-month period, the Fund posted cumulative total returns of -1.20% based on market price and -0.77% based on net asset value. In comparison, the FTSE Canada Capped Index-NR posted a -0.94% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 19.
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
Top 10 Holdings | ||||
9/30/23 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Royal Bank of Canada Banks, Canada |
8.0% | |||
Toronto-Dominion Bank Banks, Canada |
7.2% | |||
Enbridge, Inc. Oil, Gas & Consumable Fuels, Canada |
4.6% | |||
Canadian Natural Resources Ltd. Oil, Gas & Consumable Fuels, Canada |
4.6% | |||
Canadian Pacific Kansas City Ltd. Ground Transportation, Canada |
4.6% | |||
Canadian National Railway Co. Ground Transportation, Canada |
4.2% | |||
Shopify, Inc., Class A IT Services, Canada |
4.1% | |||
Bank of Montreal Banks, Canada |
4.0% | |||
Bank of Nova Scotia Banks, Canada |
3.5% | |||
Brookfield Corp. Capital Markets, Canada |
3.1% |
1. The FTSE Canada Capped Index-NR is a free float-adjusted market capitalization-weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25% of the index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the index’s weight. The FTSE Canada Capped Index-NR is based on the FTSE Canada Index and is designed to measure the performance of Canadian large-and mid-capitalization stocks.
2. Source: FactSet.
The index is unmanaged and includes reinvestment of any income or distributions (after the deduction of certain withholding taxes). It does not reflect any fees, expenses or sales charges. One cannot invest directly in an index. Net Return (NR) include income net of tax withholding when dividends are paid.
See www.franklintempletondatasources.com for additional data provider information.
The dollar value, number of shares or principal amount, and names of all portfolio holdings are listed in the Fund’s Schedule of Investments (SOI). The SOI begins on page 158.
franklintempleton.com |
Semiannual Report |
17 |
FRANKLIN FTSE CANADA ETF
Thank you for your participation in Franklin FTSE Canada ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Joe Diederich
Basit Amin, CFA
Portfolio Management Team
18 |
Semiannual Report |
franklintempleton.com |
FRANKLIN FTSE CANADA ETF
Performance Summary as of September 30, 2023
Total return reflects reinvestment of the Fund’s dividends and capital gain distributions, if any, and any unrealized gains or losses. Total returns do not include brokerage commissions that may be payable on secondary market transactions. The performance table does not reflect any taxes that a shareholder would pay on Fund dividends, capital gain distributions, if any, or any realized gains on the sale or redemption of Fund shares.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until after the Fund’s inception, for the period from inception to the first day of secondary trading (11/6/17), the NAV of the Fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV.
Your dividend income will vary depending on dividends or interest paid by securities in the Fund’s portfolio, adjusted for operating expenses. Capital gain distributions are net profits realized from the sale of portfolio securities.
Performance as of 9/30/231
Cumulative Total Return2 | Average Annual Total Return2 | |||||||||||||||
|
Based on NAV |
3 |
|
Based on market price |
4 |
|
Based on NAV |
3 |
|
Based on market price |
4 | |||||
6-Month |
-0.77% | -1.20% | -0.77% | -1.20% | ||||||||||||
1-Year |
+10.69% | +10.41% | +10.69% | +10.41% | ||||||||||||
3-Year |
+32.44% | +31.37% | +9.82% | +9.52% | ||||||||||||
5-Year |
+37.01% | +36.28% | +6.50% | +6.39% | ||||||||||||
Since Inception (11/2/17) |
+39.21% | +38.58% | +5.76% | +5.68% |
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
See page 20 for Performance Summary footnotes.
franklintempleton.com |
Semiannual Report |
19 |
FRANKLIN FTSE CANADA ETF
PERFORMANCE SUMMARY
Distributions (4/1/23–9/30/23)
Net Investment Income |
$0.302848 |
Total Annual Operating Expenses5
0.09% |
Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance.
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. To the extent the Fund invests in companies in a specific country or region, the Fund may experience greater volatility than a Fund that is more broadly diversified geographically. The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the Fund’s performance and result in greater fluctuation in the value of the Fund’s shares. These and other risks are discussed in the Fund’s prospectus.
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.
1. The total annual operating expenses are as of the Fund’s prospectus available at the time of publication. Actual expenses may be higher and may impact portfolio returns.
2. Total return calculations represent the cumulative and average annual changes in value of an investment over the periods indicated. Return for less than one year, if any, has not been annualized.
3. Assumes reinvestment of distributions based on net asset value.
4. Assumes reinvestment of distributions based on market price.
5. Figures are as stated in the Fund’s current prospectus and may differ from the expense ratios disclosed in the Your Fund’s Expenses and Financial Highlights sections in this report.
See www.franklintempletondatasources.com for additional data provider information.
20 |
Semiannual Report |
franklintempleton.com |
FRANKLIN FTSE CANADA ETF
Your Fund’s Expenses
As a Fund shareholder, you can incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of Fund shares; and (2) ongoing Fund costs, including management fees and other Fund expenses. All funds have ongoing costs, sometimes referred to as operating expenses. The table below shows ongoing costs of investing in the Fund and can help you understand these costs and compare them with those of other funds. The table assumes a $1,000 investment held for the six months indicated.
Actual Fund Expenses
The table below provides information about actual account values and actual expenses in the columns under the heading “Actual.” In these columns the Fund’s actual return, which includes the effect of Fund expenses, is used to calculate the “Ending Account Value.” You can estimate the expenses you paid during the period by following these steps (of course, your account value and expenses will differ from those in this illustration): Divide your account value by $1,000 (if your account had an $8,600 value, then $8,600 ÷ $1,000 = 8.6). Then multiply the result by the number in the row under the headings “Actual” and “Expenses Paid During Period” (if Actual Expenses Paid During Period were $7.50, then 8.6 × $7.50 = $64.50). In this illustration, the actual expenses paid this period are $64.50.
Hypothetical Example for Comparison with Other Funds
Under the heading “Hypothetical” in the table, information is provided about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. This information may not be used to estimate the actual ending account balance or expenses you paid for the period, but it can help you compare ongoing costs of investing in the Fund with those of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that expenses shown in the table are meant to highlight ongoing costs and do not reflect any transactional costs. Therefore, information under the heading “Hypothetical” is useful in comparing ongoing costs only, and will not help you compare total costs of owning different funds. In addition, if transactional costs were included, your total costs would have been higher.
Actual (actual return after expenses) |
Hypothetical (5% annual return before expenses) |
|||||||||||||||||||||
|
Beginning Account Value 4/1/23 |
|
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Net Annualized Expense Ratio |
| |||||
$1,000.00 | $992.30 | $0.45 | $1,024.55 | $0.46 | 0.09 | % |
1. Expenses are equal to the annualized expense ratio for the six-month period as indicated above—in the far right column—multiplied by the simple average account value over the period indicated, and then multiplied by 183/366 to reflect the one-half year period.
franklintempleton.com |
Semiannual Report |
21 |
This semiannual report for Franklin FTSE China ETF covers the period ended September 30, 2023.
Fund Overview
Your Fund’s Goal and Main Investments
The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE China RIC Capped Index (the FTSE China Capped Index-NR or the Underlying Index).1 Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the FTSE China Capped Index-NR and in depositary receipts representing such securities.
Top 10 Sectors/Industries | ||
9/30/23 | ||
% of Total Net Assets | ||
Interactive Media & Services |
15.4% | |
Broadline Retail |
14.2% | |
Banks |
9.9% | |
Hotels, Restaurants & Leisure |
6.9% | |
Automobiles |
4.6% | |
Insurance |
4.0% | |
Beverages |
3.3% | |
Oil, Gas & Consumable Fuels |
3.1% | |
Real Estate Management & Development |
2.9% | |
Entertainment |
2.7% |
Performance Overview
During the six-month period, the Fund posted cumulative total returns of -12.16% based on market price and -11.92% based on net asset value. In comparison, the FTSE China Capped Index-NR posted a -11.82% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 24.
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
Top 10 Holdings | ||||
9/30/23
|
||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Tencent Holdings Ltd. Interactive Media & Services, China |
12.1% | |||
Alibaba Group Holding Ltd., Class A Broadline Retail, China |
9.2% | |||
Meituan, Class B Hotels, Restaurants & Leisure, China |
3.9% | |||
PDD Holdings, Inc., ADR Broadline Retail, China |
2.9% | |||
China Construction Bank Corp., Class H Banks, China |
2.6% | |||
Baidu, Inc., Class A Interactive Media & Services, China |
1.9% | |||
Industrial & Commercial Bank of China Ltd., Class H Banks, China |
1.9% | |||
NetEase, Inc. Entertainment, China |
1.8% | |||
Ping An Insurance Group Co. of China Ltd., Class H Insurance, China |
1.8% | |||
JD.com, Inc., Class A Broadline Retail, China |
1.7% |
1. The FTSE China Capped Index-NR is a free float-adjusted market capitalization-weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25% of the index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the index’s weight. The FTSE China Capped Index-NR is based on the FTSE China Index and is designed to measure the performance of Chinese large- and mid-capitalization stocks, as represented by H-shares, B-shares, A-shares, N-shares, Red Chips, P-Chips and S-Chips.
2. Source: FactSet.
The index is unmanaged and includes reinvestment of any income or distributions (after the deduction of certain withholding taxes). It does not reflect any fees, expenses or sales charges. One cannot invest directly in an index. Net Return (NR) include income net of tax withholding when dividends are paid.
See www.franklintempletondatasources.com for additional data provider information.
The dollar value, number of shares or principal amount, and names of all portfolio holdings are listed in the Fund’s Schedule of Investments (SOI). The SOI begins on page 161.
22 |
Semiannual Report |
franklintempleton.com |
FRANKLIN FTSE CHINA ETF
Thank you for your participation in Franklin FTSE China ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Joe Diederich
Basit Amin, CFA
Portfolio Management Team
franklintempleton.com |
Semiannual Report |
23 |
FRANKLIN FTSE CHINA ETF
Performance Summary as of September 30, 2023
Total return reflects reinvestment of the Fund’s dividends and capital gain distributions, if any, and any unrealized gains or losses. Total returns do not include brokerage commissions that may be payable on secondary market transactions. The performance table does not reflect any taxes that a shareholder would pay on Fund dividends, capital gain distributions, if any, or any realized gains on the sale or redemption of Fund shares.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until after the Fund’s inception, for the period from inception to the first day of secondary trading (11/6/17), the NAV of the Fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV.
Your dividend income will vary depending on dividends or interest paid by securities in the Fund’s portfolio, adjusted for operating expenses. Capital gain distributions are net profits realized from the sale of portfolio securities.
Performance as of 9/30/231
Cumulative Total Return2 | Average Annual Total Return2 | |||||||||||||||
|
Based on NAV |
3 |
|
Based on market price |
4 |
|
Based on NAV |
3 |
|
Based on market price |
4 | |||||
6-Month |
-11.92% | -12.16% | -11.92% | -12.16% | ||||||||||||
1-Year |
+4.40% | +4.12% | +4.40% | +4.12% | ||||||||||||
3-Year |
-36.84% | -37.74% | -14.20% | -14.61% | ||||||||||||
5-Year |
-18.58% | -18.66% | -4.03% | -4.05% | ||||||||||||
Since Inception (11/2/17) |
-24.03% | -24.40% | -4.54% | -4.62% |
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
See page 25 for Performance Summary footnotes.
24 |
Semiannual Report |
franklintempleton.com |
FRANKLIN FTSE CHINA ETF
PERFORMANCE SUMMARY
Distributions (4/1/23–9/30/23)
Net Investment Income |
$0.187311 |
Total Annual Operating Expenses5
0.19% |
Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance.
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. The government’s participation in the economy is still high and, therefore, investments in China will be subject to larger regulatory risk levels compared to many other countries. To the extent the Fund invests in companies in a specific country or region, the Fund may experience greater volatility than a Fund that is more broadly diversified geographically. The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the Fund’s performance and result in greater fluctuation in the value of the Fund’s shares. These and other risks are discussed in the Fund’s prospectus.
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.
1. The total annual operating expenses are as of the Fund’s prospectus available at the time of publication. Actual expenses may be higher and may impact portfolio returns.
2. Total return calculations represent the cumulative and average annual changes in value of an investment over the periods indicated. Return for less than one year, if any, has not been annualized.
3. Assumes reinvestment of distributions based on net asset value.
4. Assumes reinvestment of distributions based on market price.
5. Figures are as stated in the Fund’s current prospectus and may differ from the expense ratios disclosed in the Your Fund’s Expenses and Financial Highlights sections in this report.
See www.franklintempletondatasources.com for additional data provider information.
franklintempleton.com |
Semiannual Report |
25 |
FRANKLIN FTSE CHINA ETF
Your Fund’s Expenses
As a Fund shareholder, you can incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of Fund shares; and (2) ongoing Fund costs, including management fees and other Fund expenses. All funds have ongoing costs, sometimes referred to as operating expenses. The table below shows ongoing costs of investing in the Fund and can help you understand these costs and compare them with those of other funds. The table assumes a $1,000 investment held for the six months indicated.
Actual Fund Expenses
The table below provides information about actual account values and actual expenses in the columns under the heading “Actual.” In these columns the Fund’s actual return, which includes the effect of Fund expenses, is used to calculate the “Ending Account Value.” You can estimate the expenses you paid during the period by following these steps (of course, your account value and expenses will differ from those in this illustration): Divide your account value by $1,000 (if your account had an $8,600 value, then $8,600 ÷ $1,000 = 8.6). Then multiply the result by the number in the row under the headings “Actual” and “Expenses Paid During Period” (if Actual Expenses Paid During Period were $7.50, then 8.6 × $7.50 = $64.50). In this illustration, the actual expenses paid this period are $64.50.
Hypothetical Example for Comparison with Other Funds
Under the heading “Hypothetical” in the table, information is provided about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. This information may not be used to estimate the actual ending account balance or expenses you paid for the period, but it can help you compare ongoing costs of investing in the Fund with those of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that expenses shown in the table are meant to highlight ongoing costs and do not reflect any transactional costs. Therefore, information under the heading “Hypothetical” is useful in comparing ongoing costs only, and will not help you compare total costs of owning different funds. In addition, if transactional costs were included, your total costs would have been higher.
Actual (actual return after expenses) |
Hypothetical (5% annual return before expenses) |
|||||||||||||||||||||
|
Beginning Account Value 4/1/23 |
|
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Net Annualized Expense Ratio |
| |||||
$1,000.00 | $880.80 | $0.89 | $1,024.05 | $0.96 | 0.19 | % |
1. Expenses are equal to the annualized expense ratio for the six-month period as indicated above—in the far right column—multiplied by the simple average account value over the period indicated, and then multiplied by 183/366 to reflect the one-half year period.
26 |
Semiannual Report |
franklintempleton.com |
This semiannual report for Franklin FTSE Europe ETF covers the period ended September 30, 2023.
Fund Overview
Your Fund’s Goal and Main Investments
The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Developed Europe RIC Capped Index (the FTSE Developed Europe Capped Index-NR or the Underlying Index).1 Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the FTSE Developed Europe Capped Index-NR and in depositary receipts representing such securities.
Top 10 Sectors/Industries | ||||
9/30/23 | ||||
% of Total Net Assets |
||||
Pharmaceuticals |
12.0% | |||
Banks |
8.5% | |||
Oil, Gas & Consumable Fuels |
6.1% | |||
Insurance |
5.4% | |||
Textiles, Apparel & Luxury Goods |
4.3% | |||
Food Products |
4.2% | |||
Semiconductors & Semiconductor Equipment |
3.4% | |||
Chemicals |
3.1% | |||
Machinery |
3.0% | |||
Capital Markets |
2.8% |
Performance Overview
During the six-month period, the Fund posted cumulative total returns of -2.28% based on market price and -2.01% based on net asset value. In comparison, the FTSE Developed Europe Capped Index-NR posted a -2.18% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 29.
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
Top 10 Holdings | ||
9/30/23
|
||
Company Sector/Industry, Country |
% of Total Net Assets | |
Nestle SA Food Products, Switzerland |
3.1% | |
Novo Nordisk AS, Class B Pharmaceuticals, Denmark |
2.9% | |
ASML Holding NV Semiconductors & Semiconductor Equipment, Netherlands |
2.4% | |
Shell PLC Oil, Gas & Consumable Fuels, Netherlands |
2.1% | |
Novartis AG Pharmaceuticals, Switzerland |
2.1% | |
AstraZeneca PLC Pharmaceuticals, United Kingdom |
2.0% | |
Roche Holding AG Pharmaceuticals, Switzerland |
2.0% | |
LVMH Moet Hennessy Louis Vuitton SE Textiles, Apparel & Luxury Goods, France |
1.9% | |
HSBC Holdings PLC Banks, United Kingdom |
1.6% | |
TotalEnergies SE Oil, Gas & Consumable Fuels, France |
1.5% |
1. The FTSE Developed Europe Capped Index-NR is a free float-adjusted market capitalization-weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25% of the index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the index’s weight. The FTSE Developed Europe Capped Index-NR is based on the FTSE Developed Europe Index and is designed to measure the performance of large- and mid-capitalization stocks from developed European countries.
2. Source: FactSet.
The index is unmanaged and includes reinvestment of any income or distributions (after the deduction of certain withholding taxes). It does not reflect any fees, expenses or sales charges. One cannot invest directly in an index. Net Return (NR) include income net of tax withholding when dividends are paid.
See www.franklintempletondatasources.com for additional data provider information.
The dollar value, number of shares or principal amount, and names of all portfolio holdings are listed in the Fund’s Schedule of Investments (SOI). The SOI begins on page 185.
franklintempleton.com |
Semiannual Report |
27 |
FRANKLIN FTSE EUROPE ETF
Top 10 Countries | ||||
9/30/23 | ||||
% of Total Net Assets |
||||
United Kingdom |
19.5% | |||
France |
17.1% | |||
Switzerland |
14.9% | |||
Germany |
12.5% | |||
Netherlands |
8.8% | |||
Denmark |
4.7% | |||
Sweden |
4.6% | |||
Spain |
3.9% | |||
Italy |
3.7% | |||
Finland |
1.7% |
Thank you for your participation in Franklin FTSE Europe ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Joe Diederich
Basit Amin, CFA
Portfolio Management Team
28 |
Semiannual Report |
franklintempleton.com |
FRANKLIN FTSE EUROPE ETF
Performance Summary as of September 30, 2023
Total return reflects reinvestment of the Fund’s dividends and capital gain distributions, if any, and any unrealized gains or losses. Total returns do not include brokerage commissions that may be payable on secondary market transactions. The performance table does not reflect any taxes that a shareholder would pay on Fund dividends, capital gain distributions, if any, or any realized gains on the sale or redemption of Fund shares.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until after the Fund’s inception, for the period from inception to the first day of secondary trading (11/6/17), the NAV of the Fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV.
Your dividend income will vary depending on dividends or interest paid by securities in the Fund’s portfolio, adjusted for operating expenses. Capital gain distributions are net profits realized from the sale of portfolio securities.
Performance as of 9/30/231
Cumulative Total Return2 | Average Annual Total Return2 | |||||||||||||||
|
Based on NAV |
3 |
|
Based on market price |
4 |
|
Based on NAV |
3 |
|
Based on market price |
4 | |||||
6-Month |
-2.01% | -2.28% | -2.01% | -2.28% | ||||||||||||
1-Year |
+29.89% | +30.87% | +29.89% | +30.87% | ||||||||||||
3-Year |
+23.51% | +23.37% | +7.29% | +7.25% | ||||||||||||
5-Year |
+22.56% | +22.49% | +4.15% | +4.14% | ||||||||||||
Since Inception (11/2/17) |
+21.82% | +21.54% | +3.40% | +3.36% |
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
See page 30 for Performance Summary footnotes.
franklintempleton.com |
Semiannual Report |
29 |
FRANKLIN FTSE EUROPE ETF
PERFORMANCE SUMMARY
Distributions (4/1/23–9/30/23)
Net Investment Income |
$0.538169 |
Total Annual Operating Expenses5
0.09% |
Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance.
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. To the extent the Fund invests in companies in a specific country or region, the Fund may experience greater volatility than a Fund that is more broadly diversified geographically. These and other risks are discussed in the Fund’s prospectus.
To the extent that the Fund has exposure to Russian investments or investments in countries affected by the invasion, the Fund’s ability to price, buy, sell, receive or deliver such investments may be impaired. The Fund could determine at any time that certain of the most affected securities have zero value. In addition, any exposure that the Fund may have to counterparties in Russia or in countries affected by the invasion could negatively impact the Fund’s portfolio. The extent and duration of Russia’s military actions and the repercussions of such actions (including any retaliatory actions or countermeasures that may be taken by those subject to sanctions) are impossible to predict, but could result in significant market disruptions, including in the oil and natural gas markets, and may negatively affect global supply chains, inflation and global growth. These and any related events could significantly impact the Fund’s performance and the value of an investment in the Fund, even beyond any direct exposure the Fund may have to Russian issuers or issuers in other countries affected by the invasion.
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.
1. The total annual operating expenses are as of the Fund’s prospectus available at the time of publication. Actual expenses may be higher and may impact portfolio returns.
2. Total return calculations represent the cumulative and average annual changes in value of an investment over the periods indicated. Return for less than one year, if any, has not been annualized.
3. Assumes reinvestment of distributions based on net asset value.
4. Assumes reinvestment of distributions based on market price.
5. Figures are as stated in the Fund’s current prospectus and may differ from the expense ratios disclosed in the Your Fund’s Expenses and Financial Highlights sections in this report.
See www.franklintempletondatasources.com for additional data provider information.
30 |
Semiannual Report |
franklintempleton.com |
FRANKLIN FTSE EUROPE ETF
Your Fund’s Expenses
As a Fund shareholder, you can incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of Fund shares; and (2) ongoing Fund costs, including management fees and other Fund expenses. All funds have ongoing costs, sometimes referred to as operating expenses. The table below shows ongoing costs of investing in the Fund and can help you understand these costs and compare them with those of other funds. The table assumes a $1,000 investment held for the six months indicated.
Actual Fund Expenses
The table below provides information about actual account values and actual expenses in the columns under the heading “Actual.” In these columns the Fund’s actual return, which includes the effect of Fund expenses, is used to calculate the “Ending Account Value.” You can estimate the expenses you paid during the period by following these steps (of course, your account value and expenses will differ from those in this illustration): Divide your account value by $1,000 (if your account had an $8,600 value, then $8,600 ÷ $1,000 = 8.6). Then multiply the result by the number in the row under the headings “Actual” and “Expenses Paid During Period” (if Actual Expenses Paid During Period were $7.50, then 8.6 × $7.50 = $64.50). In this illustration, the actual expenses paid this period are $64.50.
Hypothetical Example for Comparison with Other Funds
Under the heading “Hypothetical” in the table, information is provided about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. This information may not be used to estimate the actual ending account balance or expenses you paid for the period, but it can help you compare ongoing costs of investing in the Fund with those of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that expenses shown in the table are meant to highlight ongoing costs and do not reflect any transactional costs. Therefore, information under the heading “Hypothetical” is useful in comparing ongoing costs only, and will not help you compare total costs of owning different funds. In addition, if transactional costs were included, your total costs would have been higher.
Actual (actual return after expenses) |
Hypothetical (5% annual return before expenses) |
|||||||||||||||||||
Beginning Account Value 4/1/23 |
|
Ending Account Value 9/30/23 |
|
Expenses Paid During Period 4/1/23–9/30/23 |
1,2 |
|
Ending Account Value 9/30/23 |
|
Expenses Paid During Period 4/1/23–9/30/23 |
1,2 |
|
Net Annualized Expense Ratio |
2 | |||||||
$1,000.00 | $979.90 | $1.09 | $1,023.90 | $1.11 | 0.22 | % |
1. Expenses are equal to the annualized expense ratio for the six-month period as indicated above—in the far right column—multiplied by the simple average account value over the period indicated, and then multiplied by 183/366 to reflect the one-half year period.
2. Included in the expense ratio are “Other fees” described in Note 1 under Income and Deferred Taxes which are not annualized. Without these expenses, the expense ratio would have been 0.09% and the actual and hypothetical expenses paid during the period would have been $0.45 and $0.46, respectively.
franklintempleton.com |
Semiannual Report |
31 |
Formerly, Franklin FTSE Europe Hedged ETF
This semiannual report for Franklin FTSE Eurozone ETF covers the period ended September 30, 2023. Effective August 1, 2023, the Franklin FTSE Europe Hedged ETF changed its name to Franklin FTSE Eurozone ETF. The Fund also changed its ticker symbol; underlying index, including the designation of the primary benchmark index; investment goal, strategies and policies; and other related changes.
Fund Overview
Your Fund’s Goal and Main Investments
The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Developed Eurozone Index-NR (“the Underlying Index”).1 Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the Underlying Index and in depositary receipts representing such securities. The Underlying Index is a free float-adjusted market capitalization weighted index maintained and calculated by FTSE Russell (“Index Provider”). The Underlying Index is designed to measure the performance of large- and mid-capitalization stocks from developed Eurozone countries. The Eurozone is a geographic and economic region that consists of all the European Union countries that have fully incorporated the euro as their national currency. The Underlying Index currently consists of securities from the following ten developed market countries: Austria, Belgium, Finland, France, Germany, Ireland, Italy, the Netherlands, Portugal and Spain.
Top 10 Sectors/Industries | ||||
9/30/23 | ||||
% of Total Net Assets |
||||
|
||||
Banks |
9.8% | |||
|
||||
Semiconductors & Semiconductor Equipment |
6.9% | |||
|
||||
Textiles, Apparel & Luxury Goods |
6.8% | |||
|
||||
Insurance |
6.3% | |||
|
||||
Oil, Gas & Consumable Fuels |
4.8% | |||
|
||||
Automobiles |
4.3% | |||
|
||||
Pharmaceuticals |
4.3% | |||
|
||||
Chemicals |
4.3% | |||
|
||||
Aerospace & Defense |
3.6% | |||
|
||||
Software |
3.5% | |||
|
Performance Overview
During the six-month period, the Fund posted cumulative total returns of -5.86% based on market price and -5.85% based on net asset value. On August 1, 2023, the Fund’s underlying index was changed from the FTSE Developed Europe RIC Capped Hedged to USD Index (FTSE Developed Europe Capped Hedged Index)2 to the Underlying Index. For the six-month period, the Underlying Index posted a -9.28% total return, while the Linked FTSE Developed Eurozone Index-NR, which measures the performance of the Fund’s previous underlying index through July 31, 2023 followed by the performance of the Underlying Index thereafter, posted a -5.82% total return.3 The FTSE Developed Europe Capped Hedged Index posted a +1.05% total return for the same period.3 The Underlying Index replaced the FTSE Developed Europe Capped Hedged Index as the Fund’s primary benchmark to more accurately reflect the Fund’s new investment strategy. You can find more of the Fund’s performance data in the Performance Summary beginning on page 34.
1. The Underlying Index is one of a range of indices designed to help investors benchmark their Eurozone investments and is maintained and calculated by Index Provider. The index comprises large- and mid-capitalization stocks from developed Eurozone markets. The index is derived from the FTSE Global Equity Index Series (GEIS), which covers 98% of the world’s investable market capitalization.
2. The FTSE Developed Europe Capped Hedged Index is a free float-adjusted market capitalization-weighted index maintained and calculated by Index Provider with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25% of the index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the index’s weight. The FTSE Developed Europe Capped Hedged Index is based on the FTSE Developed Europe Hedged to USD Index and is designed to measure the performance of large- and mid-capitalization stocks from developed European countries. The FTSE Developed Europe Capped Hedged Index incorporates a hedge against non-U.S. currency fluctuations by reflecting the impact of rolling monthly currency forward contracts on the currencies represented in the FTSE Developed Europe Capped Hedged Index.
3. Source: FactSet.
The indexes are unmanaged and include reinvestment of any income or distributions (after the deduction of certain withholding taxes). They do not reflect any fees, expenses or sales charges. One cannot invest directly in an index. Net Return (NR) include income net of tax withholding when dividends are paid.
See www.franklintempletondatasources.com for additional data provider information.
The dollar value, number of shares or principal amount, and names of all portfolio holdings are listed in the Fund’s Schedule of Investments (SOI). The SOI begins on page 198.
32 |
Semiannual Report |
franklintempleton.com |
FRANKLIN FTSE EUROZONE ETF
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
Top 10 Holdings | ||
9/30/23 | ||
Company Sector/Industry, Country |
% of Total Net Assets | |
ASML Holding NV Semiconductors & Semiconductor Equipment, Netherlands |
4.8% | |
LVMH Moet Hennessy Louis Vuitton SE Textiles, Apparel & Luxury Goods, France |
3.8% | |
TotalEnergies SE Oil, Gas & Consumable Fuels, France |
3.0% | |
SAP SE Software, Germany |
2.9% | |
Sanofi Pharmaceuticals, France |
2.4% | |
Siemens AG Industrial Conglomerates, Germany |
2.2% | |
L’Oreal SA Personal Care Products, France |
2.0% | |
Allianz SE Insurance, Germany |
1.9% | |
Schneider Electric SE Electrical Equipment, France |
1.8% | |
Air Liquide SA Chemicals, France |
1.8% |
Top 10 Countries | ||||
9/30/23 | ||||
% of
Total Net Assets |
||||
|
||||
France |
34.8% | |||
|
||||
Germany |
25.3% | |||
|
||||
Netherlands |
13.5% | |||
|
||||
Spain |
8.0% | |||
|
||||
Italy |
7.4% | |||
|
||||
Finland |
3.4% | |||
|
||||
Belgium |
2.5% | |||
|
||||
Ireland |
0.9% | |||
|
||||
Switzerland |
0.9% | |||
|
||||
United States |
0.9% | |||
|
Thank you for your participation in Franklin FTSE Eurozone ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Joe Diederich
Basit Amin, CFA
Portfolio Management Team
franklintempleton.com |
Semiannual Report |
33 |
FRANKLIN FTSE EUROZONE ETF
Performance Summary as of September 30, 2023
Total return reflects reinvestment of the Fund’s dividends and capital gain distributions, if any, and any unrealized gains or losses. Total returns do not include brokerage commissions that may be payable on secondary market transactions. The performance table does not reflect any taxes that a shareholder would pay on Fund dividends, capital gain distributions, if any, or any realized gains on the sale or redemption of Fund shares.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until after the Fund’s inception, for the period from inception to the first day of secondary trading (11/6/17), the NAV of the Fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV.
Your dividend income will vary depending on dividends or interest paid by securities in the Fund’s portfolio, adjusted for operating expenses. Capital gain distributions are net profits realized from the sale of portfolio securities.
Performance as of 9/30/231
Cumulative Total Return2 | Average Annual Total Return2 | |||||||||||||||
|
|
|
|
|||||||||||||
|
Based on NAV |
3 |
|
Based on market price |
4 |
|
Based on NAV |
3 |
|
Based on market price |
4 | |||||
6-Month |
-5.85 | % | -5.86 | % | -5.85 | % | -5.86 | % | ||||||||
|
||||||||||||||||
1-Year |
+14.83 | % | +15.19 | % | +14.83 | % | +15.19 | % | ||||||||
|
||||||||||||||||
3-Year |
+31.29 | % | +30.53 | % | +9.50 | % | +9.29 | % | ||||||||
|
||||||||||||||||
5-Year |
+35.23 | % | +35.29 | % | +6.22 | % | +6.23 | % | ||||||||
|
||||||||||||||||
Since Inception (11/2/17) |
+37.43 | % | +37.10 | % | +5.53 | % | +5.49 | % | ||||||||
|
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
See page 35 for Performance Summary footnotes.
34 |
Semiannual Report |
franklintempleton.com |
FRANKLIN FTSE EUROZONE ETF
PERFORMANCE SUMMARY
Distributions (4/1/23–9/30/23)
Net Investment Income |
$0.351178 |
Total Annual Operating Expenses5
0.09% |
Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance.
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. To the extent the Fund invests in companies in a specific country or region, the Fund may experience greater volatility than a Fund that is more broadly diversified geographically. There is no guarantee that passive strategies will achieve a high degree of correlation to the Underlying Index and therefore achieve its investment goal. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. These and other risks are discussed in the Fund’s prospectus.
To the extent that the Fund has exposure to Russian investments or investments in countries affected by the invasion, the Fund’s ability to price, buy, sell, receive or deliver such investments may be impaired. The Fund could determine at any time that certain of the most affected securities have zero value. In addition, any exposure that the Fund may have to counterparties in Russia or in countries affected by the invasion could negatively impact the Fund’s portfolio. The extent and duration of Russia’s military actions and the repercussions of such actions (including any retaliatory actions or countermeasures that may be taken by those subject to sanctions) are impossible to predict, but could result in significant market disruptions, including in the oil and natural gas markets, and may negatively affect global supply chains, inflation and global growth. These and any related events could significantly impact the Fund’s performance and the value of an investment in the Fund, even beyond any direct exposure the Fund may have to Russian issuers or issuers in other countries affected by the invasion.
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.
1. The total annual operating expenses are as of the Fund’s prospectus available at the time of publication. Actual expenses may be higher and may impact portfolio returns.
2. Total return calculations represent the cumulative and average annual changes in value of an investment over the periods indicated. Return for less than one year, if any, has not been annualized.
3. Assumes reinvestment of distributions based on net asset value.
4. Assumes reinvestment of distributions based on market price.
5. Figures are as stated in the Fund’s current prospectus and may differ from the expense ratios disclosed in the Your Fund’s Expenses and Financial Highlights sections in this report.
See www.franklintempletondatasources.com for additional data provider information.
franklintempleton.com |
Semiannual Report |
35 |
FRANKLIN FTSE EUROZONE ETF
Your Fund’s Expenses
As a Fund shareholder, you can incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of Fund shares; and (2) ongoing Fund costs, including management fees and other Fund expenses. All funds have ongoing costs, sometimes referred to as operating expenses. The table below shows ongoing costs of investing in the Fund and can help you understand these costs and compare them with those of other funds. The table assumes a $1,000 investment held for the six months indicated.
Actual Fund Expenses
The table below provides information about actual account values and actual expenses in the columns under the heading “Actual.” In these columns the Fund’s actual return, which includes the effect of Fund expenses, is used to calculate the “Ending Account Value.” You can estimate the expenses you paid during the period by following these steps (of course, your account value and expenses will differ from those in this illustration): Divide your account value by $1,000 (if your account had an $8,600 value, then $8,600 ÷ $1,000 = 8.6). Then multiply the result by the number in the row under the headings “Actual” and “Expenses Paid During Period” (if Actual Expenses Paid During Period were $7.50, then 8.6 × $7.50 = $64.50). In this illustration, the actual expenses paid this period are $64.50.
Hypothetical Example for Comparison with Other Funds
Under the heading “Hypothetical” in the table, information is provided about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. This information may not be used to estimate the actual ending account balance or expenses you paid for the period, but it can help you compare ongoing costs of investing in the Fund with those of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that expenses shown in the table are meant to highlight ongoing costs and do not reflect any transactional costs. Therefore, information under the heading “Hypothetical” is useful in comparing ongoing costs only, and will not help you compare total costs of owning different funds. In addition, if transactional costs were included, your total costs would have been higher.
Actual (actual return after expenses) |
Hypothetical (5% annual return before expenses) |
|||||||||||||||||||
Beginning Account Value 4/1/23 |
|
Ending Account Value 9/30/23 |
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Ending Account Value 9/30/23 |
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Net Annualized Expense Ratio |
||||||||
$1,000.00 | $ | 941.50 | $ | 0.44 | $ | 1,024.55 | $ | 0.46 | 0.09 | % |
1. Expenses are equal to the annualized expense ratio for the six-month period as indicated above—in the far right column—multiplied by the simple average account value over the period indicated, and then multiplied by 183/366 to reflect the one-half year period.
36 |
Semiannual Report |
franklintempleton.com |
This semiannual report for Franklin FTSE France ETF covers the period ended September 30, 2023. As previously communicated, on September 7, 2023, the Board of Trustees of Franklin Templeton ETF Trust, on behalf of the Fund, approved a proposal to liquidate and dissolve the Fund. The liquidation occurred on November 16, 2023. After the close of business on October 19, 2023, the Fund no longer accepted creation orders. Trading in the Fund on NYSE Arca, Inc. (NYSE Arca) was halted prior to market open on November 10, 2023. Proceeds of the liquidation were sent to shareholders on or about November 16, 2023. Refer to the Fund’s prospectus supplement dated September 11, 2023, for more information.
Fund Overview
Your Fund’s Goal and Main Investments
The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE France RIC Capped Index (the FTSE France Capped Index or the Underlying Index).1 Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the FTSE France Capped Index and in depositary receipts representing such securities.
Top 10 Sectors/Industries | ||||
9/30/23 | ||||
% of Total Net Assets |
||||
|
||||
Textiles, Apparel & Luxury Goods |
16.0% | |||
|
||||
Aerospace & Defense |
8.5% | |||
|
||||
Oil, Gas & Consumable Fuels |
8.4% | |||
|
||||
Pharmaceuticals |
6.9% | |||
|
||||
Electrical Equipment |
6.4% | |||
|
||||
Banks |
5.6% | |||
|
||||
Personal Care Products |
5.5% | |||
|
||||
Chemicals |
5.2% | |||
|
||||
Construction & Engineering |
3.9% | |||
|
||||
Insurance |
3.3% | |||
|
Performance Overview
During the six-month period, the Fund posted cumulative total returns of -3.05% based on market price and -3.42% based on net asset value. In comparison, the FTSE France Capped Index posted a -3.68% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 39.
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
1. The FTSE France Capped Index is a free float-adjusted market capitalization-weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25% of the index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the index’s weight. The FTSE France Capped Index is based on the FTSE France Index and is designed to mea-sure the performance of French large- and mid-capitalization stocks.
2. Source: FactSet.
The index is unmanaged and includes reinvestment of any income or distributions (after the deduction of certain withholding taxes). It does not reflect any fees, expenses or sales charges. One cannot invest directly in an index. Net Return (NR) include income net of tax withholding when dividends are paid.
See www.franklintempletondatasources.com for additional data provider information.
The dollar value, number of shares or principal amount, and names of all portfolio holdings are listed in the Fund’s Schedule of Investments (SOI). The SOI begins on page 206.
franklintempleton.com |
Semiannual Report |
37 |
FRANKLIN FTSE FRANCE ETF
Top 10 Holdings | ||||
9/30/23 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
LVMH Moet
Hennessy Louis Vuitton SE Textiles, Apparel & Luxury Goods, France |
10.6% | |||
TotalEnergies
SE Oil, Gas & Consumable Fuels, France |
8.4% | |||
Sanofi Pharmaceuticals, France |
6.6% | |||
L’Oreal
SA Personal Care Products, France |
5.5% | |||
Schneider
Electric SE Electrical Equipment, France |
5.0% | |||
Air Liquide
SA Chemicals, France |
4.9% | |||
Airbus
SE Aerospace & Defense, France |
4.5% | |||
BNP Paribas
SA Banks, France |
3.9% | |||
Hermes
International SCA Textiles, Apparel & Luxury Goods, France |
3.5% | |||
Vinci
SA Construction & Engineering, France |
3.1% |
Thank you for your participation in Franklin FTSE France ETF. It has been a pleasure serving your investment needs.
Dina Ting, CFA
Hailey Harris
Joe Diederich
Basit Amin, CFA
Portfolio Management Team
38 |
Semiannual Report |
franklintempleton.com |
FRANKLIN FTSE FRANCE ETF
Performance Summary as of September 30, 2023
Total return reflects reinvestment of the Fund’s dividends and capital gain distributions, if any, and any unrealized gains or losses. Total returns do not include brokerage commissions that may be payable on secondary market transactions. The performance table does not reflect any taxes that a shareholder would pay on Fund dividends, capital gain distributions, if any, or any realized gains on the sale or redemption of Fund shares.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until after the Fund’s inception, for the period from inception to the first day of secondary trading (11/6/17), the NAV of the Fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV.
Your dividend income will vary depending on dividends or interest paid by securities in the Fund’s portfolio, adjusted for operating expenses. Capital gain distributions are net profits realized from the sale of portfolio securities.
Performance as of 9/30/231
Cumulative Total Return2 | Average Annual Total Return2 | |||||||||||||||
|
Based on NAV |
3 |
|
Based on market price |
4 |
|
Based on NAV |
3 |
|
Based on market price |
4 | |||||
6-Month |
-3.42% | -3.05% | -3.42% | -3.05% | ||||||||||||
1-Year |
+36.64% | +38.12% | +36.64% | +38.12% | ||||||||||||
3-Year |
+37.74% | +36.88% | +11.26% | +11.03% | ||||||||||||
5-Year |
+29.03% | +28.45% | +5.23% | +5.13% | ||||||||||||
Since Inception (11/2/17) |
+33.19% | +32.52% | +4.97% | +4.88% |
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
See page 40 for Performance Summary footnotes.
franklintempleton.com |
Semiannual Report |
39 |
FRANKLIN FTSE FRANCE ETF
PERFORMANCE SUMMARY
Distributions (4/1/23–9/30/23)
Net
Investment Income |
$0.474680 |
Total Annual Operating Expenses5
0.09% |
Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance.
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. To the extent the Fund invests in companies in a specific country or region, the Fund may experience greater volatility than a Fund that is more broadly diversified geographically. The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the Fund’s performance and result in greater fluctuation in the value of the Fund’s shares. These and other risks are discussed in the Fund’s prospectus.
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.
1. The total annual operating expenses are as of the Fund’s prospectus available at the time of publication. Actual expenses may be higher and may impact portfolio returns.
2. Total return calculations represent the cumulative and average annual changes in value of an investment over the periods indicated. Return for less than one year, if any, has not been annualized.
3. Assumes reinvestment of distributions based on net asset value.
4. Assumes reinvestment of distributions based on market price.
5. Figures are as stated in the Fund’s current prospectus and may differ from the expense ratios disclosed in the Your Fund’s Expenses and Financial Highlights sections in this report.
See www.franklintempletondatasources.com for additional data provider information.
40 |
Semiannual Report |
franklintempleton.com |
FRANKLIN FTSE FRANCE ETF
Your Fund’s Expenses
As a Fund shareholder, you can incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of Fund shares; and (2) ongoing Fund costs, including management fees and other Fund expenses. All funds have ongoing costs, sometimes referred to as operating expenses. The table below shows ongoing costs of investing in the Fund and can help you understand these costs and compare them with those of other funds. The table assumes a $1,000 investment held for the six months indicated.
Actual Fund Expenses
The table below provides information about actual account values and actual expenses in the columns under the heading “Actual.” In these columns the Fund’s actual return, which includes the effect of Fund expenses, is used to calculate the “Ending Account Value.” You can estimate the expenses you paid during the period by following these steps (of course, your account value and expenses will differ from those in this illustration): Divide your account value by $1,000 (if your account had an $8,600 value, then $8,600 ÷ $1,000 = 8.6). Then multiply the result by the number in the row under the headings “Actual” and “Expenses Paid During Period” (if Actual Expenses Paid During Period were $7.50, then 8.6 × $7.50 = $64.50). In this illustration, the actual expenses paid this period are $64.50.
Hypothetical Example for Comparison with Other Funds
Under the heading “Hypothetical” in the table, information is provided about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. This information may not be used to estimate the actual ending account balance or expenses you paid for the period, but it can help you compare ongoing costs of investing in the Fund with those of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that expenses shown in the table are meant to highlight ongoing costs and do not reflect any transactional costs. Therefore, information under the heading “Hypothetical” is useful in comparing ongoing costs only, and will not help you compare total costs of owning different funds. In addition, if transactional costs were included, your total costs would have been higher.
Actual (actual return after expenses) |
Hypothetical (5% annual return before expenses) |
|||||||||||||||||||||
|
Beginning Account Value 4/1/23 |
|
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1,2 |
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1,2 |
|
Net Annualized Expense Ratio |
2 | |||||
$1,000.00 | $965.80 | $1.23 | $1,023.75 | $1.26 | 0.25 | % |
1. Expenses are equal to the annualized expense ratio for the six-month period as indicated above—in the far right column—multiplied by the simple average account value over the period indicated, and then multiplied by 183/366 to reflect the one-half year period.
2. Included in the expense ratio are “Other fees” described in Note 1 under Income and Deferred Taxes which are not annualized. Without these expenses, the expense ratio would have been 0.09% and the actual and hypothetical expenses paid during the period would have been $0.44 and $0.46, respectively.
franklintempleton.com |
Semiannual Report |
41 |
This semiannual report for Franklin FTSE Germany ETF covers the period ended September 30, 2023.
Fund Overview
Your Fund’s Goal and Main Investments
The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Germany RIC Capped Index (the FTSE Germany Capped Index-NR or the Underlying Index).1 Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the FTSE Germany Capped Index-NR and in depositary receipts representing such securities.
Top 10 Sectors/Industries | ||||
9/30/23 | ||||
% of Total Net Assets |
||||
|
||||
Insurance |
13.3% | |||
|
||||
Software |
11.7% | |||
|
||||
Automobiles |
10.0% | |||
|
||||
Industrial Conglomerates |
8.6% | |||
|
||||
Chemicals |
5.9% | |||
|
||||
Diversified Telecommunication Services |
5.8% | |||
|
||||
Pharmaceuticals |
5.5% | |||
|
||||
Capital Markets |
4.4% | |||
|
||||
Semiconductors & Semiconductor Equipment |
3.5% | |||
|
||||
Air Freight & Logistics |
3.1% | |||
|
Performance Overview
During the six-month period, the Fund posted cumulative total returns of -4.71% based on market price and -4.42% based on net asset value. In comparison, the FTSE Germany Capped Index-NR posted a -4.77% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 44.
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
Top 10 Holdings | ||
9/30/23 | ||
Company Sector/Industry, Country |
% of Total Net Assets | |
SAP SE Software, Germany |
11.4% | |
Siemens AG Industrial Conglomerates, Germany |
8.6% | |
Allianz SE Insurance, Germany |
7.6% | |
Deutsche Telekom AG Diversified Telecommunication Services, Germany |
5.7% | |
Mercedes-Benz Group AG Automobiles, Germany |
4.8% | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen Insurance, Germany |
4.3% | |
Bayer AG Pharmaceuticals, Germany |
3.8% | |
Infineon Technologies AG Semiconductors & Semiconductor Equipment, Germany |
3.5% | |
BASF SE Chemicals, Germany |
3.3% | |
Deutsche Post AG Air Freight & Logistics, Germany |
3.1% |
1. The FTSE Germany Capped Index-NR is a free float-adjusted market capitalization-weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25% of the index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the index’s weight. The FTSE Germany Capped Index-NR is based on the FTSE Germany Index and is designed to measure the performance of German large- and mid-capitalization stocks.
2. Source: FactSet.
The index is unmanaged and includes reinvestment of any income or distributions (after the deduction of certain withholding taxes). It does not reflect any fees, expenses or sales charges. One cannot invest directly in an index. Net Return (NR) include income net of tax withholding when dividends are paid.
See www.franklintempletondatasources.com for additional data provider information.
The dollar value, number of shares or principal amount, and names of all portfolio holdings are listed in the Fund’s Schedule of Investments (SOI). The SOI begins on page 209.
42 |
Semiannual Report |
franklintempleton.com |
FRANKLIN FTSE GERMANY ETF
Thank you for your participation in Franklin FTSE Germany ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Joe Diederich
Basit Amin, CFA
Portfolio Management Team
franklintempleton.com |
Semiannual Report |
43 |
FRANKLIN FTSE GERMANY ETF
Performance Summary as of September 30, 2023
Total return reflects reinvestment of the Fund’s dividends and capital gain distributions, if any, and any unrealized gains or losses. Total returns do not include brokerage commissions that may be payable on secondary market transactions. The performance table does not reflect any taxes that a shareholder would pay on Fund dividends, capital gain distributions, if any, or any realized gains on the sale or redemption of Fund shares.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until after the Fund’s inception, for the period from inception to the first day of secondary trading (11/6/17), the NAV of the Fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV.
Your dividend income will vary depending on dividends or interest paid by securities in the Fund’s portfolio, adjusted for operating expenses. Capital gain distributions are net profits realized from the sale of portfolio securities.
Performance as of 9/30/231
Cumulative Total Return2 | Average Annual Total Return2 | |||||||||||||||
|
Based on NAV |
3 |
|
Based on market price |
4 |
|
Based on NAV |
3 |
|
Based on market price |
4 | |||||
6-Month |
-4.42% | -4.71% | -4.42% | -4.71% | ||||||||||||
1-Year |
+36.93% | +37.88% | +36.93% | +37.88% | ||||||||||||
3-Year |
+0.37% | -0.18% | +0.12% | -0.06% | ||||||||||||
5-Year |
+3.92% | +3.82% | +0.77% | +0.75% | ||||||||||||
Since Inception (11/2/17) |
-4.75% | -5.10% | -0.82% | -0.88% |
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
See page 45 for Performance Summary footnotes.
44 |
Semiannual Report |
franklintempleton.com |
FRANKLIN FTSE GERMANY ETF
PERFORMANCE SUMMARY
Distributions (4/1/23–9/30/23)
Net
Investment Income |
$0.692375 |
Total Annual Operating Expenses5
0.09% |
Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance.
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. To the extent the Fund invests in companies in a specific country or region, the Fund may experience greater volatility than a Fund that is more broadly diversified geographically. The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the Fund’s performance and result in greater fluctuation in the value of the Fund’s shares. These and other risks are discussed in the Fund’s prospectus.
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.
1. The total annual operating expenses are as of the Fund’s prospectus available at the time of publication. Actual expenses may be higher and may impact portfolio returns.
2. Total return calculations represent the cumulative and average annual changes in value of an investment over the periods indicated. Return for less than one year, if any, has not been annualized.
3. Assumes reinvestment of distributions based on net asset value.
4. Assumes reinvestment of distributions based on market price.
5. Figures are as stated in the Fund’s current prospectus and may differ from the expense ratios disclosed in the Your Fund’s Expenses and Financial Highlights sections in this report.
See www.franklintempletondatasources.com for additional data provider information.
franklintempleton.com |
Semiannual Report |
45 |
FRANKLIN FTSE GERMANY ETF
Your Fund’s Expenses
As a Fund shareholder, you can incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of Fund shares; and (2) ongoing Fund costs, including management fees and other Fund expenses. All funds have ongoing costs, sometimes referred to as operating expenses. The table below shows ongoing costs of investing in the Fund and can help you understand these costs and compare them with those of other funds. The table assumes a $1,000 investment held for the six months indicated.
Actual Fund Expenses
The table below provides information about actual account values and actual expenses in the columns under the heading “Actual.” In these columns the Fund’s actual return, which includes the effect of Fund expenses, is used to calculate the “Ending Account Value.” You can estimate the expenses you paid during the period by following these steps (of course, your account value and expenses will differ from those in this illustration): Divide your account value by $1,000 (if your account had an $8,600 value, then $8,600 ÷ $1,000 = 8.6). Then multiply the result by the number in the row under the headings “Actual” and “Expenses Paid During Period” (if Actual Expenses Paid During Period were $7.50, then 8.6 × $7.50 = $64.50). In this illustration, the actual expenses paid this period are $64.50.
Hypothetical Example for Comparison with Other Funds
Under the heading “Hypothetical” in the table, information is provided about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. This information may not be used to estimate the actual ending account balance or expenses you paid for the period, but it can help you compare ongoing costs of investing in the Fund with those of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that expenses shown in the table are meant to highlight ongoing costs and do not reflect any transactional costs. Therefore, information under the heading “Hypothetical” is useful in comparing ongoing costs only, and will not help you compare total costs of owning different funds. In addition, if transactional costs were included, your total costs would have been higher.
Actual (actual return after expenses) |
Hypothetical (5% annual return before expenses) |
|||||||||||||||||||||
|
Beginning Account Value 4/1/23 |
|
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Net Annualized Expense Ratio |
| |||||
$1,000.00 | $955.80 | $0.44 | $1,024.55 | $0.46 | 0.09 | % |
1. Expenses are equal to the annualized expense ratio for the six-month period as indicated above—in the far right column—multiplied by the simple average account value over the period indicated, and then multiplied by 183/366 to reflect the one-half year period.
46 |
Semiannual Report |
franklintempleton.com |
This semiannual report for Franklin FTSE Hong Kong ETF covers the period ended September 30, 2023.
Fund Overview
Your Fund’s Goal and Main Investments
The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Hong Kong RIC Capped Index (the FTSE Hong Kong Capped Index-NR or the Underlying Index).1 Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the FTSE Hong Kong Capped Index-NR and in depositary receipts representing such securities.
Top 10 Sectors/Industries | ||||
9/30/23 | ||||
% of Total Net Assets |
||||
|
||||
Insurance |
19.3% | |||
|
||||
Real Estate Management & Development |
16.9% | |||
|
||||
Capital Markets |
12.8% | |||
|
||||
Hotels, Restaurants & Leisure |
7.1% | |||
|
||||
Industrial Conglomerates |
6.7% | |||
|
||||
Electric Utilities |
5.7% | |||
|
||||
Banks |
5.5% | |||
|
||||
Machinery |
3.4% | |||
|
||||
Retail REITs |
3.3% | |||
|
||||
Textiles, Apparel & Luxury Goods |
2.2% | |||
|
Performance Overview
During the six-month period, the Fund posted cumulative total returns of -14.02% based on market price and -13.47% based on net asset value. In comparison, the FTSE Hong Kong Capped Index-NR posted a -13.73% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 49.
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
Top 10 Holdings | ||||
9/30/23 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
AIA Group Ltd. Insurance, Hong Kong |
19.3% | |||
Hong Kong Exchanges & Clearing Ltd. Capital Markets, Hong Kong |
12.7% | |||
Sun Hung Kai Properties Ltd. Real Estate Management & Development, Hong Kong |
4.1% | |||
CK Hutchison Holdings Ltd., Class A Industrial Conglomerates, United Kingdom |
3.8% | |||
Galaxy Entertainment Group Ltd. Hotels, Restaurants & Leisure, Macau |
3.5% | |||
Techtronic Industries Co. Ltd. Machinery, Hong Kong |
3.4% | |||
Link REIT Retail REITs, Hong Kong |
3.4% | |||
CLP Holdings Ltd. Electric Utilities, Hong Kong |
3.2% | |||
CK Asset Holdings Ltd. Real Estate Management & Development, Hong Kong |
2.7% | |||
BOC Hong Kong Holdings Ltd. Banks, China |
2.6% |
1. The FTSE Hong Kong Capped Index-NR is a free float-adjusted market capitalization-weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25% of the index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the index’s weight. The FTSE Hong Kong Capped Index-NR is based on the FTSE Hong Kong Index and is designed to measure the performance of Hong Kong large- and mid-capitalization stocks.
2. Source: FactSet.
The index is unmanaged and includes reinvestment of any income or distributions (after the deduction of certain withholding taxes). It does not reflect any fees, expenses or sales charges. One cannot invest directly in an index. Net Return (NR) include income net of tax withholding when dividends are paid.
See www.franklintempletondatasources.com for additional data provider information.
The dollar value, number of shares or principal amount, and names of all portfolio holdings are listed in the Fund’s Schedule of Investments (SOI). The SOI begins on page 212.
franklintempleton.com |
Semiannual Report |
47 |
FRANKLIN FTSE HONG KONG ETF
Thank you for your participation in Franklin FTSE Hong Kong ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Joe Diederich
Basit Amin, CFA
Portfolio Management Team
48 |
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FRANKLIN FTSE HONG KONG ETF
Performance Summary as of September 30, 2023
Total return reflects reinvestment of the Fund’s dividends and capital gain distributions, if any, and any unrealized gains or losses. Total returns do not include brokerage commissions that may be payable on secondary market transactions. The performance table does not reflect any taxes that a shareholder would pay on Fund dividends, capital gain distributions, if any, or any realized gains on the sale or redemption of Fund shares.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until after the Fund’s inception, for the period from inception to the first day of secondary trading (11/6/17), the NAV of the Fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV.
Your dividend income will vary depending on dividends or interest paid by securities in the Fund’s portfolio, adjusted for operating expenses. Capital gain distributions are net profits realized from the sale of portfolio securities.
Performance as of 9/30/231
Cumulative Total Return2 | Average Annual Total Return2 | |||||||||||||||
|
Based on NAV |
3 |
|
Based on market price |
4 |
|
Based on NAV |
3 |
|
Based on market price |
4 | |||||
6-Month |
-13.47% | -14.02% | -13.47% | -14.02% | ||||||||||||
1-Year |
+0.31% | -1.34% | +0.31% | -1.34% | ||||||||||||
3-Year |
-11.76% | -12.92% | -4.09% | -4.51% | ||||||||||||
5-Year |
-15.16% | -15.74% | -3.23% | -3.37% | ||||||||||||
Since Inception (11/2/17) |
-14.84% | -15.26% | -2.68% | -2.76% |
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
See page 50 for Performance Summary footnotes.
franklintempleton.com |
Semiannual Report |
49 |
FRANKLIN FTSE HONG KONG ETF
PERFORMANCE SUMMARY
Distributions (4/1/23–9/30/23)
Net Investment Income |
$0.359966 |
Total Annual Operating Expenses5
0.09% |
Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance.
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. To the extent the Fund invests in companies in a specific country or region, the Fund may experience greater volatility than a Fund that is more broadly diversified geographically. The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the Fund’s performance and result in greater fluctuation in the value of the Fund’s shares. These and other risks are discussed in the Fund’s prospectus.
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.
1. The total annual operating expenses are as of the Fund’s prospectus available at the time of publication. Actual expenses may be higher and may impact portfolio returns.
2. Total return calculations represent the cumulative and average annual changes in value of an investment over the periods indicated. Return for less than one year, if any, has not been annualized.
3. Assumes reinvestment of distributions based on net asset value.
4. Assumes reinvestment of distributions based on market price.
5. Figures are as stated in the Fund’s current prospectus and may differ from the expense ratios disclosed in the Your Fund’s Expenses and Financial Highlights sections in this report.
See www.franklintempletondatasources.com for additional data provider information.
50 |
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FRANKLIN FTSE HONG KONG ETF
Your Fund’s Expenses
As a Fund shareholder, you can incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of Fund shares; and (2) ongoing Fund costs, including management fees and other Fund expenses. All funds have ongoing costs, sometimes referred to as operating expenses. The table below shows ongoing costs of investing in the Fund and can help you understand these costs and compare them with those of other funds. The table assumes a $1,000 investment held for the six months indicated.
Actual Fund Expenses
The table below provides information about actual account values and actual expenses in the columns under the heading “Actual.” In these columns the Fund’s actual return, which includes the effect of Fund expenses, is used to calculate the “Ending Account Value.” You can estimate the expenses you paid during the period by following these steps (of course, your account value and expenses will differ from those in this illustration): Divide your account value by $1,000 (if your account had an $8,600 value, then $8,600 ÷ $1,000 = 8.6). Then multiply the result by the number in the row under the headings “Actual” and “Expenses Paid During Period” (if Actual Expenses Paid During Period were $7.50, then 8.6 × $7.50 = $64.50). In this illustration, the actual expenses paid this period are $64.50.
Hypothetical Example for Comparison with Other Funds
Under the heading “Hypothetical” in the table, information is provided about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. This information may not be used to estimate the actual ending account balance or expenses you paid for the period, but it can help you compare ongoing costs of investing in the Fund with those of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that expenses shown in the table are meant to highlight ongoing costs and do not reflect any transactional costs. Therefore, information under the heading “Hypothetical” is useful in comparing ongoing costs only, and will not help you compare total costs of owning different funds. In addition, if transactional costs were included, your total costs would have been higher.
Actual (actual return after expenses) |
Hypothetical (5% annual return before expenses) |
|||||||||||||||||||||
|
Beginning Account Value 4/1/23 |
|
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Net Annualized Expense Ratio |
| |||||
$1,000.00 | $865.30 | $0.42 | $1,024.55 | $0.46 | 0.09 | % |
1. Expenses are equal to the annualized expense ratio for the six-month period as indicated above—in the far right column—multiplied by the simple average account value over the period indicated, and then multiplied by 183/366 to reflect the one-half year period.
franklintempleton.com |
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51 |
This semiannual report for Franklin FTSE India ETF covers the period ended September 30, 2023.
Fund Overview
Your Fund’s Goal and Main Investments
The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE India RIC Capped Index (the FTSE India Capped Index-NR or the Underlying Index).1 Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the FTSE India Capped Index-NR and in depositary receipts representing such securities.
Top 10 Sectors/Industries | ||||
9/30/23 | ||||
% of Total Net Assets |
||||
|
||||
Banks |
13.3% | |||
|
||||
IT Services |
12.6% | |||
|
||||
Oil, Gas & Consumable Fuels |
10.5% | |||
|
||||
Automobiles |
5.8% | |||
|
||||
Chemicals |
4.1% | |||
|
||||
Pharmaceuticals |
4.0% | |||
|
||||
Metals & Mining |
3.7% | |||
|
||||
Consumer Finance |
3.5% | |||
|
||||
Personal Care Products |
3.3% | |||
|
||||
Financial Services |
3.2% | |||
|
Performance Overview
During the six-month period, the Fund posted cumulative total returns of +14.25% based on market price and +15.42% based on net asset value. In comparison, the FTSE India Capped Index-NR posted a +18.53% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 54.
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
Top 10 Holdings | ||||
9/30/23 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Reliance Industries Ltd. Oil, Gas & Consumable Fuels, India |
7.9% | |||
HDFC Bank Ltd. Banks, India |
5.9% | |||
Infosys Ltd. IT Services, India |
5.1% | |||
Tata Consultancy Services Ltd. IT Services, India |
3.6% | |||
Axis Bank Ltd. Banks, India |
2.4% | |||
Bharti Airtel Ltd. Wireless Telecommunication Services, India |
2.3% | |||
Hindustan Unilever Ltd. Personal Care Products, India |
2.2% | |||
Bajaj Finance Ltd. Consumer Finance, India |
1.9% | |||
Larsen & Toubro Ltd. Construction & Engineering, India |
1.9% | |||
ICICI Bank Ltd. Banks, India |
1.5% |
1. The FTSE India Capped Index-NR is a free float-adjusted market capitalization-weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25% of the index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the index’s weight. The FTSE India Capped Index-NR is based on the FTSE India Index and is designed to measure the performance of Indian large- and mid-capitalization stocks.
2. Source: FactSet.
The index is unmanaged and includes reinvestment of any income or distributions (after the deduction of certain withholding taxes). It does not reflect any fees, expenses or sales charges. One cannot invest directly in an index. Net Return (NR) include income net of tax withholding when dividends are paid.
See www.franklintempletondatasources.com for additional data provider information.
The dollar value, number of shares or principal amount, and names of all portfolio holdings are listed in the Fund’s Schedule of Investments (SOI). The SOI begins on page 216.
52 |
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franklintempleton.com |
FRANKLIN FTSE INDIA ETF
Thank you for your participation in Franklin FTSE India ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Joe Diederich
Basit Amin, CFA
Portfolio Management Team
franklintempleton.com |
Semiannual Report |
53 |
FRANKLIN FTSE INDIA ETF
Performance Summary as of September 30, 2023
Total return reflects reinvestment of the Fund’s dividends and capital gain distributions, if any, and any unrealized gains or losses. Total returns do not include brokerage commissions that may be payable on secondary market transactions. The performance table does not reflect any taxes that a shareholder would pay on Fund dividends, capital gain distributions, if any, or any realized gains on the sale or redemption of Fund shares.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until after the Fund’s inception, for the period from inception to the first day of secondary trading (2/9/18), the NAV of the Fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV.
Your dividend income will vary depending on dividends or interest paid by securities in the Fund’s portfolio, adjusted for operating expenses. Capital gain distributions are net profits realized from the sale of portfolio securities.
Performance as of 9/30/231
Cumulative Total Return2 | Average Annual Total Return2 | |||||||||||||||
|
Based on NAV |
3 |
|
Based on market price |
4 |
|
Based on NAV |
3 |
|
Based on market price |
4 | |||||
6-Month |
+15.42% | +14.25% | +15.42% | +14.25% | ||||||||||||
1-Year |
+10.89% | +11.54% | +10.89% | +11.54% | ||||||||||||
3-Year |
+48.49% | +46.76% | +14.08% | +13.64% | ||||||||||||
5-Year |
+54.73% | +54.28% | +9.12% | +9.06% | ||||||||||||
Since Inception (2/6/18) |
+41.58% | +41.30% | +6.35% | +6.31% |
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
See page 55 for Performance Summary footnotes.
54 |
Semiannual Report |
franklintempleton.com |
FRANKLIN FTSE INDIA ETF
PERFORMANCE SUMMARY
Total Annual Operating Expenses5
0.19% |
Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance.
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. To the extent the Fund invests in companies in a specific country or region, the Fund may experience greater volatility than a Fund that is more broadly diversified geographically. The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the Fund’s performance and result in greater fluctuation in the value of the Fund’s shares. These and other risks are discussed in the Fund’s prospectus.
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.
1. The total annual operating expenses are as of the Fund’s prospectus available at the time of publication. Actual expenses may be higher and may impact portfolio returns.
2. Total return calculations represent the cumulative and average annual changes in value of an investment over the periods indicated. Return for less than one year, if any, has not been annualized.
3. Assumes reinvestment of distributions based on net asset value.
4. Assumes reinvestment of distributions based on market price.
5. Figures are as stated in the Fund’s current prospectus and may differ from the expense ratios disclosed in the Your Fund’s Expenses and Financial Highlights sections in this report.
See www.franklintempletondatasources.com for additional data provider information.
franklintempleton.com |
Semiannual Report |
55 |
FRANKLIN FTSE INDIA ETF
Your Fund’s Expenses
As a Fund shareholder, you can incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of Fund shares; and (2) ongoing Fund costs, including management fees and other Fund expenses. All funds have ongoing costs, sometimes referred to as operating expenses. The table below shows ongoing costs of investing in the Fund and can help you understand these costs and compare them with those of other funds. The table assumes a $1,000 investment held for the six months indicated.
Actual Fund Expenses
The table below provides information about actual account values and actual expenses in the columns under the heading “Actual.” In these columns the Fund’s actual return, which includes the effect of Fund expenses, is used to calculate the “Ending Account Value.” You can estimate the expenses you paid during the period by following these steps (of course, your account value and expenses will differ from those in this illustration): Divide your account value by $1,000 (if your account had an $8,600 value, then $8,600 ÷ $1,000 = 8.6). Then multiply the result by the number in the row under the headings “Actual” and “Expenses Paid During Period” (if Actual Expenses Paid During Period were $7.50, then 8.6 × $7.50 = $64.50). In this illustration, the actual expenses paid this period are $64.50.
Hypothetical Example for Comparison with Other Funds
Under the heading “Hypothetical” in the table, information is provided about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. This information may not be used to estimate the actual ending account balance or expenses you paid for the period, but it can help you compare ongoing costs of investing in the Fund with those of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that expenses shown in the table are meant to highlight ongoing costs and do not reflect any transactional costs. Therefore, information under the heading “Hypothetical” is useful in comparing ongoing costs only, and will not help you compare total costs of owning different funds. In addition, if transactional costs were included, your total costs would have been higher.
Actual (actual return after expenses) |
Hypothetical (5% annual return before expenses) |
|||||||||||||||||||||
|
Beginning Account Value 4/1/23 |
|
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Net Annualized Expense Ratio |
| |||||
$1,000.00 | $1,154.20 | $1.02 | $1,024.05 | $0.96 | 0.19 | % |
1. Expenses are equal to the annualized expense ratio for the six-month period as indicated above—in the far right column—multiplied by the simple average account value over the period indicated, and then multiplied by 183/366 to reflect the one-half year period.
56 |
Semiannual Report |
franklintempleton.com |
This semiannual report for Franklin FTSE Italy ETF covers the period ended September 30, 2023. As previously communicated, on September 7, 2023, the Board of Trustees of Franklin Templeton ETF Trust, on behalf of the Fund, approved a proposal to liquidate and dissolve the Fund. The liquidation occurred on November 16, 2023. After the close of business on October 19, 2023, the Fund no longer accepted creation orders. Trading in the Fund on NYSE Arca, Inc. (NYSE Arca) was be halted prior to market open on November 10, 2023. Proceeds of the liquidation were sent to shareholders on or about November 16, 2023. Refer to the Fund’s prospectus supplement dated September 11, 2023, for more information.
Fund Overview
Your Fund’s Goal and Main Investments
The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Italy RIC Capped Index (the FTSE Italy Capped Index or the Underlying Index).1 Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the FTSE Italy Capped Index and in depositary receipts representing such securities.
Top 10 Sectors/Industries | ||||
9/30/23 | ||||
% of Total Net Assets |
||||
|
||||
Banks |
26.5% | |||
|
||||
Automobiles |
18.2% | |||
|
||||
Electric Utilities |
14.0% | |||
|
||||
Insurance |
5.9% | |||
|
||||
Oil, Gas & Consumable Fuels |
4.6% | |||
|
||||
Machinery |
3.9% | |||
|
||||
Gas Utilities |
3.5% | |||
|
||||
Diversified Telecommunication Services |
2.9% | |||
|
||||
Electrical Equipment |
2.9% | |||
|
||||
Textiles, Apparel & Luxury Goods |
2.9% | |||
|
Performance Overview
During the six-month period, the Fund posted cumulative total returns of +4.65% based on market price and +5.06% based on net asset value. In comparison, the FTSE Italy Capped Index posted a +4.82% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 59.
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
1. The FTSE Italy Capped Index is a free float-adjusted market capitalization-weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25% of the index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the index’s weight. The FTSE Italy Capped Index is based on the FTSE Italy Index and is designed to measure the performance of Italian large- and mid-capitalization stocks.
2. Source: FactSet.
The index is unmanaged and includes reinvestment of any income or distributions (after the deduction of certain withholding taxes). It does not reflect any fees, expenses or sales charges. One cannot invest directly in an index. Net Return (NR) include income net of tax withholding when dividends are paid.
See www.franklintempletondatasources.com for additional data provider information.
The dollar value, number of shares or principal amount, and names of all portfolio holdings are listed in the Fund’s Schedule of Investments (SOI). The SOI begins on page 222.
franklintempleton.com |
Semiannual Report |
57 |
FRANKLIN FTSE ITALY ETF
Top 10 Holdings | ||||
9/30/23 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Enel SpA Electric Utilities, Italy |
11.3% | |||
UniCredit SpA Banks, Italy |
10.0% | |||
Stellantis NV Automobiles, United States |
9.9% | |||
Intesa Sanpaolo SpA Banks, Italy |
9.5% | |||
Ferrari NV Automobiles, Italy |
8.3% | |||
Eni SpA Oil, Gas & Consumable Fuels, Italy |
4.6% | |||
Assicurazioni Generali SpA Insurance, Italy |
4.1% | |||
Prysmian SpA Electrical Equipment, Italy |
2.9% | |||
Moncler SpA Textiles, Apparel & Luxury Goods, Italy |
2.9% | |||
CNH Industrial NV Machinery, United Kingdom |
2.8% |
Thank you for your participation in Franklin FTSE Italy ETF. It has been a pleasure serving your investment needs.
Dina Ting, CFA
Hailey Harris
Joe Diederich
Basit Amin, CFA
Portfolio Management Team
58 |
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franklintempleton.com |
FRANKLIN FTSE ITALY ETF
Performance Summary as of September 30, 2023
Total return reflects reinvestment of the Fund’s dividends and capital gain distributions, if any, and any unrealized gains or losses. Total returns do not include brokerage commissions that may be payable on secondary market transactions. The performance table does not reflect any taxes that a shareholder would pay on Fund dividends, capital gain distributions, if any, or any realized gains on the sale or redemption of Fund shares.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until after the Fund’s inception, for the period from inception to the first day of secondary trading (11/6/17), the NAV of the Fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV.
Your dividend income will vary depending on dividends or interest paid by securities in the Fund’s portfolio, adjusted for operating expenses. Capital gain distributions are net profits realized from the sale of portfolio securities.
Performance as of 9/30/231
Cumulative Total Return2 | Average Annual Total Return2 | |||||||||||||||
|
Based on NAV |
3 |
|
Based on market price |
4 |
|
Based on NAV |
3 |
|
Based on market price |
4 | |||||
6-Month |
+5.06% | +4.65% | +5.06% | +4.65% | ||||||||||||
1-Year |
+51.49% | +52.50% | +51.49% | +52.50% | ||||||||||||
3-Year |
+41.20% | +40.69% | +12.19% | +12.05% | ||||||||||||
5-Year |
+34.65% | +34.63% | +6.13% | +6.13% | ||||||||||||
Since Inception (11/2/17) |
+24.81% | +24.53% | +3.82% | +3.78% |
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
See page 60 for Performance Summary footnotes.
franklintempleton.com |
Semiannual Report |
59 |
FRANKLIN FTSE ITALY ETF
PERFORMANCE SUMMARY
Distributions (4/1/23–9/30/23)
Net Investment Income |
$0.762932 |
Total Annual Operating Expenses5
0.09% |
Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance.
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. To the extent the Fund invests in companies in a specific country or region, the Fund may experience greater volatility than a Fund that is more broadly diversified geographically. The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the Fund’s performance and result in greater fluctuation in the value of the Fund’s shares. These and other risks are discussed in the Fund’s prospectus.
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.
1. The total annual operating expenses are as of the Fund’s prospectus available at the time of publication. Actual expenses may be higher and may impact portfolio returns.
2. Total return calculations represent the cumulative and average annual changes in value of an investment over the periods indicated. Return for less than one year, if any, has not been annualized.
3. Assumes reinvestment of distributions based on net asset value.
4. Assumes reinvestment of distributions based on market price.
5. Figures are as stated in the Fund’s current prospectus and may differ from the expense ratios disclosed in the Your Fund’s Expenses and Financial Highlights sections in this report.
See www.franklintempletondatasources.com for additional data provider information.
60 |
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FRANKLIN FTSE ITALY ETF
Your Fund’s Expenses
As a Fund shareholder, you can incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of Fund shares; and (2) ongoing Fund costs, including management fees and other Fund expenses. All funds have ongoing costs, sometimes referred to as operating expenses. The table below shows ongoing costs of investing in the Fund and can help you understand these costs and compare them with those of other funds. The table assumes a $1,000 investment held for the six months indicated.
Actual Fund Expenses
The table below provides information about actual account values and actual expenses in the columns under the heading “Actual.” In these columns the Fund’s actual return, which includes the effect of Fund expenses, is used to calculate the “Ending Account Value.” You can estimate the expenses you paid during the period by following these steps (of course, your account value and expenses will differ from those in this illustration): Divide your account value by $1,000 (if your account had an $8,600 value, then $8,600 ÷ $1,000 = 8.6). Then multiply the result by the number in the row under the headings “Actual” and “Expenses Paid During Period” (if Actual Expenses Paid During Period were $7.50, then 8.6 × $7.50 = $64.50). In this illustration, the actual expenses paid this period are $64.50.
Hypothetical Example for Comparison with Other Funds
Under the heading “Hypothetical” in the table, information is provided about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. This information may not be used to estimate the actual ending account balance or expenses you paid for the period, but it can help you compare ongoing costs of investing in the Fund with those of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that expenses shown in the table are meant to highlight ongoing costs and do not reflect any transactional costs. Therefore, information under the heading “Hypothetical” is useful in comparing ongoing costs only, and will not help you compare total costs of owning different funds. In addition, if transactional costs were included, your total costs would have been higher.
Actual (actual return after expenses) |
Hypothetical (5% annual return before expenses) |
|||||||||||||||||||||
|
Beginning Account Value 4/1/23 |
|
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Net Annualized Expense Ratio |
| |||||
$1,000.00 | $1,050.60 | $0.46 | $1,024.55 | $0.46 | 0.09 | % |
1. Expenses are equal to the annualized expense ratio for the six-month period as indicated above—in the far right column—multiplied by the simple average account value over the period indicated, and then multiplied by 183/366 to reflect the one-half year period.
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Semiannual Report |
61 |
This semiannual report for Franklin FTSE Japan ETF covers the period ended September 30, 2023.
Fund Overview
Your Fund’s Goal and Main Investments
The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Japan RIC Capped Index (the FTSE Japan Capped Index-NR or the Underlying Index).1 Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the FTSE Japan Capped Index-NR and in depositary receipts representing such securities.
Top 10 Sectors/Industries | ||
9/30/23
|
||
% of Total Net Assets | ||
Automobiles |
8.4% | |
Banks |
7.1% | |
Trading Companies & Distributors |
5.7% | |
Pharmaceuticals |
5.4% | |
Machinery |
4.9% | |
Electronic Equipment, Instruments & Components |
4.7% | |
Household Durables |
4.1% | |
Chemicals |
4.0% | |
Semiconductors & Semiconductor Equipment |
3.9% | |
Wireless Telecommunication Services |
3.0% |
Performance Overview
During the six-month period, the Fund posted cumulative total returns of +3.66% based on market price and +4.67% based on net asset value. In comparison, the FTSE Japan Capped Index-NR posted a +4.58% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 64.
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
Top 10 Holdings | ||
9/30/23
| ||
Company Sector/Industry, Country |
% of Total Net Assets | |
Toyota Motor Corp. Automobiles, Japan |
5.4% | |
Sony Group Corp. Household Durables, Japan |
2.6% | |
Mitsubishi UFJ Financial Group, Inc. Banks, Japan |
2.5% | |
Keyence Corp. Electronic Equipment, Instruments & Components, Japan |
1.8% | |
Sumitomo Mitsui Financial Group, Inc. Banks, Japan |
1.6% | |
Tokyo Electron Ltd. Semiconductors & Semiconductor Equipment, Japan |
1.5% | |
Shin-Etsu Chemical Co. Ltd. Chemicals, Japan |
1.4% | |
Hitachi Ltd. Industrial Conglomerates, Japan |
1.4% | |
Honda Motor Co. Ltd. Automobiles, Japan |
1.4% | |
Mitsubishi Corp. Trading Companies & Distributors, Japan |
1.4% |
1. The FTSE Japan Capped Index-NR is a free float-adjusted market capitalization-weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25% of the index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the index’s weight. The FTSE Japan Capped Index-NR is based on the FTSE Japan Index and is designed to measure the performance of Japanese large-and mid-capitalization stocks.
2. Source: FactSet.
The index is unmanaged and includes reinvestment of any income or distributions (after the deduction of certain withholding taxes). It does not reflect any fees, expenses or sales charges. One cannot invest directly in an index. Net Return (NR) include income net of tax withholding when dividends are paid.
See www.franklintempletondatasources.com for additional data provider information.
The dollar value, number of shares or principal amount, and names of all portfolio holdings are listed in the Fund’s Schedule of Investments (SOI). The SOI begins on page 224.
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franklintempleton.com |
FRANKLIN FTSE JAPAN ETF
Thank you for your participation in Franklin FTSE Japan ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Joe Diederich
Basit Amin, CFA
Portfolio Management Team
franklintempleton.com |
Semiannual Report |
63 |
FRANKLIN FTSE JAPAN ETF
Performance Summary as of September 30, 2023
Total return reflects reinvestment of the Fund’s dividends and capital gain distributions, if any, and any unrealized gains or losses. Total returns do not include brokerage commissions that may be payable on secondary market transactions. The performance table does not reflect any taxes that a shareholder would pay on Fund dividends, capital gain distributions, if any, or any realized gains on the sale or redemption of Fund shares.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until after the Fund’s inception, for the period from inception to the first day of secondary trading (11/6/17), the NAV of the Fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV.
Your dividend income will vary depending on dividends or interest paid by securities in the Fund’s portfolio, adjusted for operating expenses. Capital gain distributions are net profits realized from the sale of portfolio securities.
Performance as of 9/30/231
Cumulative Total Return2 | Average Annual Total Return2 | |||||||||||||||
|
Based on NAV |
3 |
|
Based on market price |
4 |
|
Based on NAV |
3 |
|
Based on market price |
4 | |||||
6-Month |
+4.67% | +3.66% | +4.67% | +3.66% | ||||||||||||
1-Year |
+25.29% | +24.65% | +25.29% | +24.65% | ||||||||||||
3-Year |
+8.58% | +7.75% | +2.78% | +2.52% | ||||||||||||
5-Year |
+10.10% | +9.91% | +1.94% | +1.91% | ||||||||||||
Since Inception (11/2/17) |
+14.30% | +14.11% | +2.29% | +2.26% |
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
See page 65 for Performance Summary footnotes.
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Semiannual Report |
franklintempleton.com |
FRANKLIN FTSE JAPAN ETF
PERFORMANCE SUMMARY
Distributions (4/1/23–9/30/23) | ||
Net Investment | ||
Income | ||
$0.360950 |
Total Annual Operating Expenses5 | ||
0.09% |
Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance.
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. To the extent the Fund invests in companies in a specific country or region, the Fund may experience greater volatility than a Fund that is more broadly diversified geographically. These and other risks are discussed in the Fund’s prospectus.
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.
1. The total annual operating expenses are as of the Fund’s prospectus available at the time of publication. Actual expenses may be higher and may impact portfolio returns.
2. Total return calculations represent the cumulative and average annual changes in value of an investment over the periods indicated. Return for less than one year, if any, has not been annualized.
3. Assumes reinvestment of distributions based on net asset value.
4. Assumes reinvestment of distributions based on market price.
5. Figures are as stated in the Fund’s current prospectus and may differ from the expense ratios disclosed in the Your Fund’s Expenses and Financial Highlights sections in this report.
See www.franklintempletondatasources.com for additional data provider information.
franklintempleton.com |
Semiannual Report |
65 |
FRANKLIN FTSE JAPAN ETF
Your Fund’s Expenses
As a Fund shareholder, you can incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of Fund shares; and (2) ongoing Fund costs, including management fees and other Fund expenses. All funds have ongoing costs, sometimes referred to as operating expenses. The table below shows ongoing costs of investing in the Fund and can help you understand these costs and compare them with those of other funds. The table assumes a $1,000 investment held for the six months indicated.
Actual Fund Expenses
The table below provides information about actual account values and actual expenses in the columns under the heading “Actual.” In these columns the Fund’s actual return, which includes the effect of Fund expenses, is used to calculate the “Ending Account Value.” You can estimate the expenses you paid during the period by following these steps (of course, your account value and expenses will differ from those in this illustration): Divide your account value by $1,000 (if your account had an $8,600 value, then $8,600 ÷ $1,000 = 8.6). Then multiply the result by the number in the row under the headings “Actual” and “Expenses Paid During Period” (if Actual Expenses Paid During Period were $7.50, then 8.6 × $7.50 = $64.50). In this illustration, the actual expenses paid this period are $64.50.
Hypothetical Example for Comparison with Other Funds
Under the heading “Hypothetical” in the table, information is provided about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. This information may not be used to estimate the actual ending account balance or expenses you paid for the period, but it can help you compare ongoing costs of investing in the Fund with those of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that expenses shown in the table are meant to highlight ongoing costs and do not reflect any transactional costs. Therefore, information under the heading “Hypothetical” is useful in comparing ongoing costs only, and will not help you compare total costs of owning different funds. In addition, if transactional costs were included, your total costs would have been higher.
Actual (actual return after expenses) |
Hypothetical (5% annual return before expenses) |
|||||||||||||||||||||
|
Beginning Account Value 4/1/23 |
|
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Net Annualized Expense Ratio |
| |||||
$1,000.00 | $ | 1,046.70 | $ | 0.46 | $ | 1,024.55 | $ | 0.46 | 0.09 | % |
1. Expenses are equal to the annualized expense ratio for the six-month period as indicated above—in the far right column—multiplied by the simple average account value over the period indicated, and then multiplied by 183/366 to reflect the one-half year period.
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Semiannual Report |
franklintempleton.com |
Franklin FTSE Japan Hedged ETF
This semiannual report for Franklin FTSE Japan Hedged ETF covers the period ended September 30, 2023.
Fund Overview
Your Fund’s Goal and Main Investments
The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Japan RIC Capped Hedged to USD Index (the FTSE Japan Capped Hedged Index-NR or the Underlying Index).1 Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the FTSE Japan Capped Hedged Index-NR and in depositary receipts representing such securities, including indirectly through Franklin FTSE Japan ETF (Underlying Fund).
Top 10 Sectors/Industries | ||
9/30/23 | ||
% of Total Net Assets | ||
Automobiles |
8.3% | |
Banks |
7.1% | |
Trading Companies & Distributors |
5.6% | |
Pharmaceuticals |
5.4% | |
Machinery |
5.0% | |
Electronic Equipment, Instruments & Components |
4.7% | |
Household Durables |
4.1% | |
Chemicals |
4.0% | |
Semiconductors & Semiconductor Equipment |
3.9% | |
Wireless Telecommunication Services |
3.0% |
Performance Overview
During the six-month period, the Fund posted cumulative total returns of +19.68% based on market price and +20.21% based on net asset value. In comparison, the FTSE Japan Capped Hedged Index-NR posted a +20.21% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 69.
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
Top 10 Holdings | ||
9/30/23 | ||
Company Sector/Industry, Country |
% of Total Net Assets | |
Toyota Motor Corp. Automobiles, Japan |
5.4% | |
Sony Group Corp. Household Durables, Japan |
2.5% | |
Mitsubishi UFJ Financial Group, Inc. Banks, Japan |
2.5% | |
Keyence Corp. Electronic Equipment, Instruments & Components, Japan |
1.8% | |
Sumitomo Mitsui Financial Group, Inc. Banks, Japan |
1.6% | |
Tokyo Electron Ltd. Semiconductors & Semiconductor Equipment, Japan |
1.5% | |
Shin-Etsu Chemical Co. Ltd. Chemicals, Japan |
1.4% | |
Hitachi Ltd. Industrial Conglomerates, Japan |
1.4% | |
Honda Motor Co. Ltd. Automobiles, Japan |
1.4% | |
Mitsubishi Corp. Trading Companies & Distributors, Japan |
1.4% |
1. The FTSE Japan Capped Hedged Index-NR is a free float-adjusted market capitalization-weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25% of the index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the index’s weight. The FTSE Japan Capped Hedged Index-NR is based on the FTSE Japan Hedged to USD Index and is designed to measure the performance of Japanese large- and mid-capitalization stocks. The FTSE Japan Capped Hedged Index-NR incorporates a hedge against fluctuations of the Japanese yen by reflecting the impact of rolling monthly currency forward contracts on the Japanese yen.
2. Source: FactSet.
The index is unmanaged and includes reinvestment of any income or distributions (after the deduction of certain withholding taxes). It does not reflect any fees, expenses or sales charges. One cannot invest directly in an index. Net Return (NR) include income net of tax withholding when dividends are paid.
See www.franklintempletondatasources.com for additional data provider information.
The dollar value, number of shares or principal amount, and names of all portfolio holdings are listed in the Fund’s Schedule of Investments (SOI). The SOI begins on page 235.
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Semiannual Report |
67 |
FRANKLIN FTSE JAPAN HEDGED ETF
Thank you for your participation in Franklin FTSE Japan Hedged ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Joe Diederich
Basit Amin, CFA
Portfolio Management Team
68 |
Semiannual Report |
franklintempleton.com |
FRANKLIN FTSE JAPAN HEDGED ETF
Performance Summary as of September 30, 2023
Total return reflects reinvestment of the Fund’s dividends and capital gain distributions, if any, and any unrealized gains or losses. Total returns do not include brokerage commissions that may be payable on secondary market transactions. The performance table does not reflect any taxes that a shareholder would pay on Fund dividends, capital gain distributions, if any, or any realized gains on the sale or redemption of Fund shares.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until after the Fund’s inception, for the period from inception to the first day of secondary trading (11/6/17), the NAV of the Fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV.
Your dividend income will vary depending on dividends or interest paid by securities in the Fund’s portfolio, adjusted for operating expenses. Capital gain distributions are net profits realized from the sale of portfolio securities.
Performance as of 9/30/231
Cumulative Total Return2 | Average Annual Total Return2 | |||||||||||||||
|
Based on NAV |
3 |
|
Based on market price |
4 |
|
Based on NAV |
3 |
|
Based on market price |
4 | |||||
6-Month |
+20.21% | +19.68% | +20.21% | +19.68% | ||||||||||||
1-Year |
+34.73% | +34.29% | +34.73% | +34.29% | ||||||||||||
3-Year |
+62.74% | +61.76% | +17.62% | +17.39% | ||||||||||||
5-Year |
+58.29% | +58.23% | +9.62% | +9.61% | ||||||||||||
Since Inception (11/2/17) |
+66.26% | +66.50% | +8.98% | +9.01% |
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
See page 70 for Performance Summary footnotes.
franklintempleton.com |
Semiannual Report |
69 |
FRANKLIN FTSE JAPAN HEDGED ETF
PERFORMANCE SUMMARY
Distributions (4/1/23–9/30/23)
Net
Investment Income |
$0.319583 |
Total Annual Operating Expenses5
0.09% |
Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance.
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. To the extent the Fund invests in companies in a specific country or region, the Fund may experience greater volatility than a Fund that is more broadly diversified geographically. While the Fund’s currency hedging approach is designed to minimize the impact of currency fluctuations on Fund returns, it does not necessarily eliminate the Fund’s exposure to the currencies. The return of the currency-related derivatives will not perfectly offset the actual fluctuations between the currencies and the U.S. dollar. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. These and other risks are discussed in the Fund’s prospectus.
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.
1. The total annual operating expenses are as of the Fund’s prospectus available at the time of publication. Actual expenses may be higher and may impact portfolio returns.
2. Total return calculations represent the cumulative and average annual changes in value of an investment over the periods indicated. Return for less than one year, if any, has not been annualized.
3. Assumes reinvestment of distributions based on net asset value.
4. Assumes reinvestment of distributions based on market price.
5. Figures are as stated in the Fund’s current prospectus and may differ from the expense ratios disclosed in the Your Fund’s Expenses and Financial Highlights sections in this report.
See www.franklintempletondatasources.com for additional data provider information.
70 |
Semiannual Report |
franklintempleton.com |
FRANKLIN FTSE JAPAN HEDGED ETF
Your Fund’s Expenses
As a Fund shareholder, you can incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of Fund shares; and (2) ongoing Fund costs, including management fees and other Fund expenses. All funds have ongoing costs, sometimes referred to as operating expenses. The table below shows ongoing costs of investing in the Fund and can help you understand these costs and compare them with those of other funds. The table assumes a $1,000 investment held for the six months indicated.
Actual Fund Expenses
The table below provides information about actual account values and actual expenses in the columns under the heading “Actual.” In these columns the Fund’s actual return, which includes the effect of Fund expenses, is used to calculate the “Ending Account Value.” You can estimate the expenses you paid during the period by following these steps (of course, your account value and expenses will differ from those in this illustration): Divide your account value by $1,000 (if your account had an $8,600 value, then $8,600 ÷ $1,000 = 8.6). Then multiply the result by the number in the row under the headings “Actual” and “Expenses Paid During Period” (if Actual Expenses Paid During Period were $7.50, then 8.6 × $7.50 = $64.50). In this illustration, the actual expenses paid this period are $64.50.
Hypothetical Example for Comparison with Other Funds
Under the heading “Hypothetical” in the table, information is provided about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. This information may not be used to estimate the actual ending account balance or expenses you paid for the period, but it can help you compare ongoing costs of investing in the Fund with those of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that expenses shown in the table are meant to highlight ongoing costs and do not reflect any transactional costs. Therefore, information under the heading “Hypothetical” is useful in comparing ongoing costs only, and will not help you compare total costs of owning different funds. In addition, if transactional costs were included, your total costs would have been higher.
Actual (actual return after expenses) |
Hypothetical (5% annual return before expenses) |
|||||||||||||||||||||
|
Beginning Account Value 4/1/23 |
|
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Net Annualized Expense Ratio |
| |||||
$1,000.00 | $1,202.10 | $0.50 | $1,024.55 | $0.46 | 0.09 | % |
1. Expenses are equal to the annualized expense ratio for the six-month period as indicated above—in the far right column—multiplied by the simple average account value over the period indicated, and then multiplied by 183/366 to reflect the one-half year period.
franklintempleton.com |
Semiannual Report |
71 |
Franklin FTSE Latin America ETF
This semiannual report for Franklin FTSE Latin America ETF covers the period ended September 30, 2023.
Fund Overview
Your Fund’s Goal and Main Investments
The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Latin America RIC Capped Index (the FTSE Latin America Capped Index-NR or the Underlying Index).1 Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the FTSE Latin America Capped Index-NR and in depositary receipts representing such securities.
Top 10 Sectors/Industries | ||||
9/30/23 | ||||
% of Total Net Assets |
||||
|
||||
Banks |
18.2% | |||
|
||||
Oil, Gas & Consumable Fuels |
13.4% | |||
|
||||
Metals & Mining |
12.1% | |||
|
||||
Beverages |
6.5% | |||
|
||||
Electric Utilities |
6.0% | |||
|
||||
Consumer Staples Distribution & Retail |
5.5% | |||
|
||||
Food Products |
3.7% | |||
|
||||
Capital Markets |
3.5% | |||
|
||||
Wireless Telecommunication Services |
3.4% | |||
|
||||
Transportation Infrastructure |
3.0% | |||
|
Performance Overview
During the six-month period, the Fund posted cumulative total returns of +8.69% based on market price and +8.94% based on net asset value. In comparison, the FTSE Latin America Capped Index-NR posted a +9.12% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 74.
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
Top 10 Holdings | ||||
9/30/23 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Petroleo Brasileiro SA, 9.792%, pfd. Oil, Gas & Consumable Fuels, Brazil |
10.3% | |||
Vale SA Metals & Mining, Brazil |
7.9% | |||
Itau Unibanco Holding SA, 4.671%, pfd. Banks, Brazil |
4.3% | |||
Grupo Financiero Banorte SAB de CV, Class O Banks, Mexico | 3.7% | |||
Fomento Economico Mexicano SAB de CV Beverages, Mexico |
3.1% | |||
America Movil SAB de CV Wireless Telecommunication Services, Mexico |
3.1% | |||
Wal-Mart de Mexico SAB de CV, Class V Consumer Staples Distribution & Retail, Mexico |
3.0% | |||
Banco Bradesco SA, 5.993%, pfd. Banks, Brazil |
2.9% | |||
Grupo Mexico SAB de CV, Class B Metals & Mining, Mexico |
2.3% | |||
B3 SA—Brasil Bolsa Balcao Capital Markets, Brazil |
2.2% |
1. The FTSE Latin America Capped Index-NR is a free float-adjusted market capitalization-weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25% of the index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the index’s weight. The FTSE Latin America Capped Index-NR is based on the FTSE Latin America Index and is designed to measurethe performance of Latin American large- and mid-capitalization stocks.
2. Source: FactSet.
The index is unmanaged and includes reinvestment of any income or distributions (after the deduction of certain withholding taxes). It does not reflect any fees, expenses or sales charges. One cannot invest directly in an index. Net Return (NR) include income net of tax withholding when dividends are paid.
See www.franklintempletondatasources.com for additional data provider information.
The dollar value, number of shares or principal amount, and names of all portfolio holdings are listed in the Fund’s Schedule of Investments (SOI). The SOI begins on page 247.
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FRANKLIN FTSE LATIN AMERICA ETF
Country Composition | ||||
9/30/23 | ||||
% of Total Net Assets |
||||
Brazil |
60.5% | |||
Mexico |
29.6% | |||
Chile |
6.1% | |||
Colombia |
1.5% | |||
United States |
1.0% |
Thank you for your participation in Franklin FTSE Latin America ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Joe Diederich
Basit Amin, CFA
Portfolio Management Team
franklintempleton.com |
Semiannual Report |
73 |
FRANKLIN FTSE LATIN AMERICA ETF
Performance Summary as of September 30, 2023
Total return reflects reinvestment of the Fund’s dividends and capital gain distributions, if any, and any unrealized gains or losses. Total returns do not include brokerage commissions that may be payable on secondary market transactions. The performance table does not reflect any taxes that a shareholder would pay on Fund dividends, capital gain distributions, if any, or any realized gains on the sale or redemption of Fund shares.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until after the Fund’s inception, for the period from inception to the first day of secondary trading (10/11/18), the NAV of the Fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV.
Your dividend income will vary depending on dividends or interest paid by securities in the Fund’s portfolio, adjusted for operating expenses. Capital gain distributions are net profits realized from the sale of portfolio securities.
Performance as of 9/30/231
Cumulative Total Return2 | Average Annual Total Return2 | |||||||||||||||
|
Based on NAV |
3 |
|
Based on market price |
4 |
|
Based on NAV |
3 |
|
Based on market price |
4 | |||||
6-Month |
+8.94% | +8.69% | +8.94% | +8.69% | ||||||||||||
1-Year |
+19.50% | +18.98% | +19.50% | +18.98% | ||||||||||||
3-Year |
+50.29% | +48.10% | +14.55% | +13.99% | ||||||||||||
Since Inception (10/9/18) |
+6.82% | +6.42% | +1.33% | +1.26% |
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
See page 75 for Performance Summary footnotes.
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FRANKLIN FTSE LATIN AMERICA ETF
PERFORMANCE SUMMARY
Distributions (4/1/23–9/30/23)
Net
Investment Income |
$0.524254 |
Total Annual Operating Expenses5
0.19% |
Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance.
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. To the extent the Fund invests in companies in a specific country or region, the Fund may experience greater volatility than a Fund that is more broadly diversified geographically. These and other risks are discussed in the Fund’s prospectus.
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.
1. The total annual operating expenses are as of the Fund’s prospectus available at the time of publication. Actual expenses may be higher and may impact portfolio returns.
2. Total return calculations represent the cumulative and average annual changes in value of an investment over the periods indicated. Return for less than one year, if any, has not been annualized.
3. Assumes reinvestment of distributions based on net asset value.
4. Assumes reinvestment of distributions based on market price.
5. Figures are as stated in the Fund’s current prospectus and may differ from the expense ratios disclosed in the Your Fund’s Expenses and Financial Highlights sections in this report.
See www.franklintempletondatasources.com for additional data provider information.
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Semiannual Report |
75 |
FRANKLIN FTSE LATIN AMERICA ETF
Your Fund’s Expenses
As a Fund shareholder, you can incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of Fund shares; and (2) ongoing Fund costs, including management fees and other Fund expenses. All funds have ongoing costs, sometimes referred to as operating expenses. The table below shows ongoing costs of investing in the Fund and can help you understand these costs and compare them with those of other funds. The table assumes a $1,000 investment held for the six months indicated.
Actual Fund Expenses
The table below provides information about actual account values and actual expenses in the columns under the heading “Actual.” In these columns the Fund’s actual return, which includes the effect of Fund expenses, is used to calculate the “Ending Account Value.” You can estimate the expenses you paid during the period by following these steps (of course, your account value and expenses will differ from those in this illustration): Divide your account value by $1,000 (if your account had an $8,600 value, then $8,600 ÷ $1,000 = 8.6). Then multiply the result by the number in the row under the headings “Actual” and “Expenses Paid During Period” (if Actual Expenses Paid During Period were $7.50, then 8.6 × $7.50 = $64.50). In this illustration, the actual expenses paid this period are $64.50.
Hypothetical Example for Comparison with Other Funds
Under the heading “Hypothetical” in the table, information is provided about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. This information may not be used to estimate the actual ending account balance or expenses you paid for the period, but it can help you compare ongoing costs of investing in the Fund with those of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that expenses shown in the table are meant to highlight ongoing costs and do not reflect any transactional costs. Therefore, information under the heading “Hypothetical” is useful in comparing ongoing costs only, and will not help you compare total costs of owning different funds. In addition, if transactional costs were included, your total costs would have been higher.
|
Actual (actual return after expenses) |
|
Hypothetical (5% annual return before expenses) |
|||||||||||||||||||
|
Beginning Account Value 4/1/23 |
|
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Net Annualized Expense Ratio |
| |||||
$1,000.00 | $1,089.40 | $0.99 | $1,024.05 | $0.96 | 0.19 | % |
1. Expenses are equal to the annualized expense ratio for the six-month period as indicated above—in the far right column—multiplied by the simple average account value over the period indicated, and then multiplied by 183/366 to reflect the one-half year period.
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This semiannual report for Franklin FTSE Mexico ETF covers the period ended September 30, 2023.
Fund Overview
Your Fund’s Goal and Main Investments
The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Mexico RIC Capped Index (the FTSE Mexico Capped Index-NR or the Underlying Index).1 Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the FTSE Mexico Capped Index-NR and in depositary receipts representing such securities.
Top 10 Sectors/Industries | ||||
9/30/23 | ||||
% of Total Net Assets |
||||
Banks |
18.8% | |||
Beverages |
15.4% | |||
Consumer Staples Distribution & Retail |
11.2% | |||
Wireless Telecommunication Services |
9.9% | |||
Transportation Infrastructure |
8.8% | |||
Metals & Mining |
8.4% | |||
Food Products |
6.5% | |||
Construction Materials |
5.0% | |||
Industrial Conglomerates |
3.3% | |||
Diversified REITs |
2.9% |
Performance Overview
During the six-month period, the Fund posted cumulative total returns of -0.80% based on market price and -0.38% based on net asset value. In comparison, the FTSE Mexico Capped Index-NR posted a -0.26% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 79.
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
Top 10 Holdings | ||||
9/30/23 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Grupo Financiero Banorte SAB de CV,
Class O Banks, Mexico |
12.0% | |||
Fomento Economico Mexicano SAB de CV Beverages, Mexico |
9.9% | |||
America Movil SAB de CV Wireless Telecommunication Services, Mexico |
9.9% | |||
Wal-Mart de Mexico
SAB de CV, Class V Consumer Staples Distribution & Retail, Mexico |
9.6% | |||
Grupo Mexico SAB de CV, Class B Metals & Mining, Mexico |
7.5% | |||
Grupo Bimbo SAB de CV Food Products, Mexico |
4.5% | |||
Cemex SAB de CV Construction Materials, Mexico |
4.1% | |||
Grupo Aeroportuario del Pacifico SAB de CV,
Class B Transportation Infrastructure, Mexico |
3.2% | |||
Grupo Aeroportuario del Sureste SAB de CV,
Class B Transportation Infrastructure, Mexico |
2.8% | |||
Fibra Uno Administracion SA de CV Diversified REITs, Mexico |
2.8% |
1. The FTSE Mexico Capped Index-NR is a free float-adjusted market capitalization-weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25% of the index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the index’s weight. The FTSE Mexico Capped Index-NR is based on the FTSE Mexico Index and is designed to measure the performance of Mexican large-and mid-capitalization stocks.
2. Source: FactSet.
The index is unmanaged and includes reinvestment of any income or distributions (after the deduction of certain withholding taxes). It does not reflect any fees, expenses or sales charges. One cannot invest directly in an index. Net Return (NR) include income net of tax withholding when dividends are paid.
See www.franklintempletondatasources.com for additional data provider information.
The dollar value, number of shares or principal amount, and names of all portfolio holdings are listed in the Fund’s Schedule of Investments (SOI). The SOI begins on page 252.
franklintempleton.com |
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FRANKLIN FTSE MEXICO ETF
Thank you for your participation in Franklin FTSE Mexico ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Joe Diederich
Basit Amin, CFA
Portfolio Management Team
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FRANKLIN FTSE MEXICO ETF
Performance Summary as of September 30, 2023
Total return reflects reinvestment of the Fund’s dividends and capital gain distributions, if any, and any unrealized gains or losses. Total returns do not include brokerage commissions that may be payable on secondary market transactions. The performance table does not reflect any taxes that a shareholder would pay on Fund dividends, capital gain distributions, if any, or any realized gains on the sale or redemption of Fund shares.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until after the Fund’s inception, for the period from inception to the first day of secondary trading (11/7/17), the NAV of the Fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV.
Your dividend income will vary depending on dividends or interest paid by securities in the Fund’s portfolio, adjusted for operating expenses. Capital gain distributions are net profits realized from the sale of portfolio securities.
Performance as of 9/30/231
Cumulative Total Return2 | Average Annual Total Return2 | |||||||||||||||
|
Based on NAV |
3 |
|
Based on market price |
4 |
|
Based on NAV |
3 |
|
Based on market price |
4 | |||||
6-Month |
-0.38% | -0.80% | -0.38% | -0.80% | ||||||||||||
1-Year |
+35.71% | +35.28% | +35.71% | +35.28% | ||||||||||||
3-Year |
+91.80% | +91.12% | +24.25% | +24.10% | ||||||||||||
5-Year |
+28.85% | +28.45% | +5.20% | +5.14% | ||||||||||||
Since Inception (11/3/17) |
+36.13% | +35.81% | +5.36% | +5.32% |
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
See page 80 for Performance Summary footnotes.
franklintempleton.com |
Semiannual Report |
79 |
FRANKLIN FTSE MEXICO ETF
PERFORMANCE SUMMARY
Distributions (4/1/23–9/30/23)
Net
Investment Income |
$0.280493 |
Total Annual Operating Expenses5
0.19% |
Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance.
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. To the extent the Fund invests in companies in a specific country or region, the Fund may experience greater volatility than a Fund that is more broadly diversified geographically. The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the Fund’s performance and result in greater fluctuation in the value of the Fund’s shares. These and other risks are discussed in the Fund’s prospectus.
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.
1. The total annual operating expenses are as of the Fund’s prospectus available at the time of publication. Actual expenses may be higher and may impact portfolio returns.
2. Total return calculations represent the cumulative and average annual changes in value of an investment over the periods indicated. Return for less than one year, if any, has not been annualized.
3. Assumes reinvestment of distributions based on net asset value.
4. Assumes reinvestment of distributions based on market price.
5. Figures are as stated in the Fund’s current prospectus and may differ from the expense ratios disclosed in the Your Fund’s Expenses and Financial Highlights sections in this report.
See www.franklintempletondatasources.com for additional data provider information.
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FRANKLIN FTSE MEXICO ETF
Your Fund’s Expenses
As a Fund shareholder, you can incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of Fund shares; and (2) ongoing Fund costs, including management fees and other Fund expenses. All funds have ongoing costs, sometimes referred to as operating expenses. The table below shows ongoing costs of investing in the Fund and can help you understand these costs and compare them with those of other funds. The table assumes a $1,000 investment held for the six months indicated.
Actual Fund Expenses
The table below provides information about actual account values and actual expenses in the columns under the heading “Actual.” In these columns the Fund’s actual return, which includes the effect of Fund expenses, is used to calculate the “Ending Account Value.” You can estimate the expenses you paid during the period by following these steps (of course, your account value and expenses will differ from those in this illustration): Divide your account value by $1,000 (if your account had an $8,600 value, then $8,600 ÷ $1,000 = 8.6). Then multiply the result by the number in the row under the headings “Actual” and “Expenses Paid During Period” (if Actual Expenses Paid During Period were $7.50, then 8.6 × $7.50 = $64.50). In this illustration, the actual expenses paid this period are $64.50.
Hypothetical Example for Comparison with Other Funds
Under the heading “Hypothetical” in the table, information is provided about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. This information may not be used to estimate the actual ending account balance or expenses you paid for the period, but it can help you compare ongoing costs of investing in the Fund with those of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that expenses shown in the table are meant to highlight ongoing costs and do not reflect any transactional costs. Therefore, information under the heading “Hypothetical” is useful in comparing ongoing costs only, and will not help you compare total costs of owning different funds. In addition, if transactional costs were included, your total costs would have been higher.
|
Actual (actual return after expenses) |
|
Hypothetical (5% annual return before expenses) |
|||||||||||||||||||
|
Beginning Account Value 4/1/23 |
|
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Net Annualized Expense Ratio |
| |||||
$1,000.00 | $996.20 | $0.95 | $1,024.05 | $0.96 | 0.19 | % |
1. Expenses are equal to the annualized expense ratio for the six-month period as indicated above—in the far right column—multiplied by the simple average account value over the period indicated, and then multiplied by 183/366 to reflect the one-half year period.
franklintempleton.com |
Semiannual Report |
81 |
Franklin FTSE Saudi Arabia ETF
This semiannual report for Franklin FTSE Saudi Arabia ETF covers the period ended September 30, 2023.
Fund Overview
Your Fund’s Goal and Main Investments
The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Saudi Arabia RIC Capped Index (the FTSE Saudi Arabia Capped Index-NR or the Underlying Index).1 Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the FTSE Saudi Arabia Capped Index-NR and in depositary receipts representing such securities.
Top 10 Sectors/Industries | ||||
9/30/23 | ||||
% of Total Net Assets |
||||
Banks |
38.1% | |||
Chemicals |
15.4% | |||
Oil, Gas & Consumable Fuels |
10.5% | |||
Diversified Telecommunication Services |
6.3% | |||
Metals & Mining |
4.6% | |||
Health Care Providers & Services |
3.2% | |||
Food Products |
2.8% | |||
IT Services |
2.6% | |||
Independent Power Producers & Energy Traders |
2.4% | |||
Insurance |
2.3% |
Performance Overview
During the six-month period, the Fund posted cumulative total returns of +1.72% based on market price and +2.29% based on net asset value. In comparison, the FTSE Saudi Arabia Capped Index-NR posted a +3.10% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 84.
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
Top 10 Holdings | ||||
9/30/23 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Al Rajhi Bank Banks, Saudi Arabia |
12.4% | |||
Saudi Arabian Oil Co. Oil, Gas & Consumable Fuels, Saudi Arabia |
10.1% | |||
Saudi National Bank Banks, Saudi Arabia |
8.9% | |||
Saudi Basic Industries Corp. Chemicals, Saudi Arabia |
6.9% | |||
Saudi Telecom Co. Diversified Telecommunication Services, Saudi Arabia |
6.3% | |||
Saudi Arabian Mining Co. Metals & Mining, Saudi Arabia |
4.6% | |||
Riyad Bank Banks, Saudi Arabia |
3.8% | |||
Alinma Bank Banks, Saudi Arabia |
3.1% | |||
Saudi Awwal Bank Banks, Saudi Arabia |
3.1% | |||
SABIC Agri-Nutrients Co. Chemicals, Saudi Arabia |
2.9% |
1. The FTSE Saudi Arabia Capped Index-NR is a free float-adjusted market capitalization-weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25% of the index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the index’s weight. The FTSE Saudi Arabia Capped Index-NR is based on the FTSE Saudi Arabia Index and is designed to measure the performance of Saudi Arabian large- and mid-capitalization stocks.
2. Source: FactSet.
The index is unmanaged and includes reinvestment of any income or distributions (after the deduction of certain withholding taxes). It does not reflect any fees, expenses or sales charges. One cannot invest directly in an index. Net Return (NR) include income net of tax withholding when dividends are paid.
See www.franklintempletondatasources.com for additional data provider information.
The dollar value, number of shares or principal amount, and names of all portfolio holdings are listed in the Fund’s Schedule of Investments (SOI). The SOI begins on page 254.
82 |
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FRANKLIN FTSE SAUDI ARABIA ETF
Thank you for your participation in Franklin FTSE Saudi Arabia ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Joe Diederich
Basit Amin, CFA
Portfolio Management Team
franklintempleton.com |
Semiannual Report |
83 |
FRANKLIN FTSE SAUDI ARABIA ETF
Performance Summary as of September 30, 2023
Total return reflects reinvestment of the Fund’s dividends and capital gain distributions, if any, and any unrealized gains or losses. Total returns do not include brokerage commissions that may be payable on secondary market transactions. The performance table does not reflect any taxes that a shareholder would pay on Fund dividends, capital gain distributions, if any, or any realized gains on the sale or redemption of Fund shares.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until after the Fund’s inception, for the period from inception to the first day of secondary trading (10/11/18), the NAV of the Fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV.
Your dividend income will vary depending on dividends or interest paid by securities in the Fund’s portfolio, adjusted for operating expenses. Capital gain distributions are net profits realized from the sale of portfolio securities.
Performance as of 9/30/231
Cumulative Total Return2 | Average Annual Total Return2 | |||||||||||||||
|
Based on NAV |
3 |
|
Based on market price |
4 |
|
Based on NAV |
3 |
|
Based on market price |
4 | |||||
6-Month |
+2.89% | +1.72% | +2.89% | +1.72% | ||||||||||||
1-Year |
-3.99% | -3.38% | -3.99% | -3.38% | ||||||||||||
3-Year |
+45.23% | +42.93% | +13.24% | +12.64% | ||||||||||||
Since Inception (10/9/18) |
+53.72% | +52.75% | +9.03% | +8.89% |
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
See page 85 for Performance Summary footnotes.
84 |
Semiannual Report |
franklintempleton.com |
FRANKLIN FTSE SAUDI ARABIA ETF
PERFORMANCE SUMMARY
Distributions (4/1/23–9/30/23)
Net
Investment Income |
$0.482807 |
Total Annual Operating Expenses5
0.39% |
Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance.
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. To the extent the Fund invests in companies in a specific country or region, the Fund may experience greater volatility than a Fund that is more broadly diversified geographically. The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the Fund’s performance and result in greater fluctuation in the value of the Fund’s shares. These and other risks are discussed in the Fund’s prospectus.
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.
1. The total annual operating expenses are as of the Fund’s prospectus available at the time of publication. Actual expenses may be higher and may impact portfolio returns.
2. Total return calculations represent the cumulative and average annual changes in value of an investment over the periods indicated. Return for less than one year, if any, has not been annualized.
3. Assumes reinvestment of distributions based on net asset value.
4. Assumes reinvestment of distributions based on market price.
5. Figures are as stated in the Fund’s current prospectus and may differ from the expense ratios disclosed in the Your Fund’s Expenses and Financial Highlights sections in this report.
See www.franklintempletondatasources.com for additional data provider information.
franklintempleton.com |
Semiannual Report |
85 |
FRANKLIN FTSE SAUDI ARABIA ETF
Your Fund’s Expenses
As a Fund shareholder, you can incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of Fund shares; and (2) ongoing Fund costs, including management fees and other Fund expenses. All funds have ongoing costs, sometimes referred to as operating expenses. The table below shows ongoing costs of investing in the Fund and can help you understand these costs and compare them with those of other funds. The table assumes a $1,000 investment held for the six months indicated.
Actual Fund Expenses
The table below provides information about actual account values and actual expenses in the columns under the heading “Actual.” In these columns the Fund’s actual return, which includes the effect of Fund expenses, is used to calculate the “Ending Account Value.” You can estimate the expenses you paid during the period by following these steps (of course, your account value and expenses will differ from those in this illustration): Divide your account value by $1,000 (if your account had an $8,600 value, then $8,600 ÷ $1,000 = 8.6). Then multiply the result by the number in the row under the headings “Actual” and “Expenses Paid During Period” (if Actual Expenses Paid During Period were $7.50, then 8.6 × $7.50 = $64.50). In this illustration, the actual expenses paid this period are $64.50.
Hypothetical Example for Comparison with Other Funds
Under the heading “Hypothetical” in the table, information is provided about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. This information may not be used to estimate the actual ending account balance or expenses you paid for the period, but it can help you compare ongoing costs of investing in the Fund with those of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that expenses shown in the table are meant to highlight ongoing costs and do not reflect any transactional costs. Therefore, information under the heading “Hypothetical” is useful in comparing ongoing costs only, and will not help you compare total costs of owning different funds. In addition, if transactional costs were included, your total costs would have been higher.
|
Actual (actual return after expenses) |
|
Hypothetical (5% annual return before expenses) |
|||||||||||||||||||
|
Beginning Account Value 4/1/23 |
|
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Net Annualized Expense Ratio |
| |||||
$1,000.00 | $1,028.90 | $1.98 | $1,023.05 | $1.97 | 0.39 | % |
1. Expenses are equal to the annualized expense ratio for the six-month period as indicated above—in the far right column—multiplied by the simple average account value over the period indicated, and then multiplied by 183/366 to reflect the one-half year period.
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Franklin FTSE South Africa ETF
This semiannual report for Franklin FTSE South Africa ETF covers the period ended September 30, 2023. On September 7, 2023, the ETF Board of Trustees approved a proposal to liquidate and dissolve the Fund. The liquidation is anticipated to occur on or about November 16, 2023. After the close of business on October 19, 2023, the Fund will no longer accept creation orders. Trading in the Fund on NYSE Arca, Inc. (NYSE Arca) will be halted prior to market open on November 10, 2023. Proceeds of the liquidation are currently scheduled to be sent to shareholders on or about November 16, 2023.
Fund Overview
Your Fund’s Goal and Main Investments
The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE/JSE South Africa RIC Capped Index (the FTSE/JSE South Africa Capped Index or the Underlying Index).1 Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the FTSE/JSE South Africa Capped Index and in depositary receipts representing such securities.
Top 10 Sectors/Industries | ||
9/30/23 | ||
% of Total Net Assets | ||
Metals & Mining |
16.4% | |
Broadline Retail |
16.3% | |
Banks |
16.3% | |
Financial Services |
10.3% | |
Consumer Staples Distribution & Retail |
8.3% | |
Insurance |
7.5% | |
Wireless Telecommunication Services |
6.9% | |
Chemicals |
3.9% | |
Specialty Retail |
2.6% | |
Industrial Conglomerates |
2.4% |
Performance Overview
During the six-month period, the Fund posted cumulative total returns of -9.43% based on market price and -9.14%% based on net asset value. In comparison, the FTSE/JSE South Africa Capped Index posted a -9.12% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 89.
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
1. The FTSE/JSE South Africa Capped Index is a free float-adjusted market capitalization-weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25% of the index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the index’s weight. The FTSE/JSE South Africa Capped Index is based on the FTSE South Africa Index and is designed to measure the performance of South African large- and mid-capitalization stocks.
2. Source: FactSet.
The index is unmanaged and includes reinvestment of any income or distributions (after the deduction of certain withholding taxes). It does not reflect any fees, expenses or sales charges. One cannot invest directly in an index. Net Return (NR) include income net of tax withholding when dividends are paid.
See www.franklintempletondatasources.com for additional data provider information.
The dollar value, number of shares or principal amount, and names of all portfolio holdings are listed in the Fund’s Schedule of Investments (SOI). The SOI begins on page 257.
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FRANKLIN FTSE SOUTH AFRICA ETF
Top 10 Holdings | ||
9/30/23 | ||
Company Sector/Industry, Country |
% of Total Net Assets | |
Naspers Ltd., Class N Broadline Retail, South Africa |
14.7% | |
FirstRand Ltd. Financial Services, South Africa |
8.3% | |
Standard Bank Group Ltd. Banks, South Africa |
6.4% | |
MTN Group Ltd. Wireless Telecommunication Services, South Africa |
5.3% | |
Gold Fields Ltd. Metals & Mining, South Africa |
4.7% | |
Sasol Ltd. Chemicals, South Africa |
3.9% | |
Capitec Bank Holdings Ltd. Banks, South Africa |
3.8% | |
Absa Group Ltd. Banks, South Africa |
3.8% | |
Bid Corp. Ltd. Consumer Staples Distribution & Retail, South Africa |
3.6% | |
Anglogold Ashanti PLC Metals & Mining, United Kingdom |
3.3% |
Thank you for your participation in Franklin FTSE South Africa ETF. It has been a pleasure serving your investment needs.
Dina Ting, CFA
Hailey Harris
Joe Diederich
Basit Amin, CFA
Portfolio Management Team
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FRANKLIN FTSE SOUTH AFRICA ETF
Performance Summary as of September 30, 2023
Total return reflects reinvestment of the Fund’s dividends and capital gain distributions, if any, and any unrealized gains or losses. Total returns do not include brokerage commissions that may be payable on secondary market transactions. The performance table does not reflect any taxes that a shareholder would pay on Fund dividends, capital gain distributions, if any, or any realized gains on the sale or redemption of Fund shares.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until after the Fund’s inception, for the period from inception to the first day of secondary trading (10/11/18), the NAV of the Fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV.
Your dividend income will vary depending on dividends or interest paid by securities in the Fund’s portfolio, adjusted for operating expenses. Capital gain distributions are net profits realized from the sale of portfolio securities.
Performance as of 9/30/231
Cumulative Total Return2 | Average Annual Total Return2 | |||||||||||||||
|
Based on NAV |
3 |
|
Based on market price |
4 |
|
Based on NAV |
3 |
|
Based on market price |
4 | |||||
6-Month |
-9.14% | -9.43% | -9.14% | -9.43% | ||||||||||||
1-Year |
+5.95% | +6.86% | +5.95% | +6.86% | ||||||||||||
3-Year |
+16.16% | +15.45% | +5.12% | +4.91% | ||||||||||||
Since Inception (10/10/18) |
+4.48% | +3.66% | +0.89% | +0.73% |
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
See page 90 for Performance Summary footnotes.
franklintempleton.com |
Semiannual Report |
89 |
FRANKLIN FTSE SOUTH AFRICA ETF
PERFORMANCE SUMMARY
Distributions (4/1/23–9/30/23)
Net
Investment Income |
$0.434646 |
Total Annual Operating Expenses5
0.19% |
Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance.
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. To the extent the Fund invests in companies in a specific country or region, the Fund may experience greater volatility than a Fund that is more broadly diversified geographically. The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the Fund’s performance and result in greater fluctuation in the value of the Fund’s shares. These and other risks are discussed in the Fund’s prospectus.
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.
1. The total annual operating expenses are as of the Fund’s prospectus available at the time of publication. Actual expenses may be higher and may impact portfolio returns.
2. Total return calculations represent the cumulative and average annual changes in value of an investment over the periods indicated. Return for less than one year, if any, has not been annualized.
3. Assumes reinvestment of distributions based on net asset value.
4. Assumes reinvestment of distributions based on market price.
5. Figures are as stated in the Fund’s current prospectus and may differ from the expense ratios disclosed in the Your Fund’s Expenses and Financial Highlights sections in this report.
See www.franklintempletondatasources.com for additional data provider information.
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FRANKLIN FTSE SOUTH AFRICA ETF
Your Fund’s Expenses
As a Fund shareholder, you can incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of Fund shares; and (2) ongoing Fund costs, including management fees and other Fund expenses. All funds have ongoing costs, sometimes referred to as operating expenses. The table below shows ongoing costs of investing in the Fund and can help you understand these costs and compare them with those of other funds. The table assumes a $1,000 investment held for the six months indicated.
Actual Fund Expenses
The table below provides information about actual account values and actual expenses in the columns under the heading “Actual.” In these columns the Fund’s actual return, which includes the effect of Fund expenses, is used to calculate the “Ending Account Value.” You can estimate the expenses you paid during the period by following these steps (of course, your account value and expenses will differ from those in this illustration): Divide your account value by $1,000 (if your account had an $8,600 value, then $8,600 ÷ $1,000 = 8.6). Then multiply the result by the number in the row under the headings “Actual” and “Expenses Paid During Period” (if Actual Expenses Paid During Period were $7.50, then 8.6 × $7.50 = $64.50). In this illustration, the actual expenses paid this period are $64.50.
Hypothetical Example for Comparison with Other Funds
Under the heading “Hypothetical” in the table, information is provided about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. This information may not be used to estimate the actual ending account balance or expenses you paid for the period, but it can help you compare ongoing costs of investing in the Fund with those of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that expenses shown in the table are meant to highlight ongoing costs and do not reflect any transactional costs. Therefore, information under the heading “Hypothetical” is useful in comparing ongoing costs only, and will not help you compare total costs of owning different funds. In addition, if transactional costs were included, your total costs would have been higher.
|
Actual (actual return after expenses) |
|
|
Hypothetical (5% annual return before expenses) |
|
|||||||||||||||||
|
Beginning Account Value 4/1/23 |
|
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Net Annualized Expense Ratio |
| |||||
$1,000.00 | $908.60 | $0.91 | $1,024.05 | $0.96 | 0.19 | % |
1. Expenses are equal to the annualized expense ratio for the six-month period as indicated above—in the far right column—multiplied by the simple average account value over the period indicated, and then multiplied by 183/366 to reflect the one-half year period.
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Semiannual Report |
91 |
This semiannual report for Franklin FTSE South Korea ETF covers the period ended September 30, 2023.
Fund Overview
Your Fund’s Goal and Main Investments
The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE South Korea RIC Capped Index (the FTSE South Korea Capped Index-NR or the Underlying Index).1 Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the FTSE South Korea Capped Index-NR and in depositary receipts representing such securities.
Top 10 Sectors/Industries | ||
9/30/23 | ||
% of Total Net Assets | ||
Technology Hardware, Storage & Peripherals |
20.0% | |
Banks |
7.4% | |
Semiconductors & Semiconductor Equipment |
6.6% | |
Chemicals |
6.3% | |
Automobiles |
5.5% | |
Electrical Equipment |
5.3% | |
Metals & Mining |
5.1% | |
Electronic Equipment, Instruments & Components |
5.0% | |
Interactive Media & Services |
4.5% | |
Industrial Conglomerates |
3.3% |
Performance Overview
During the six-month period, the Fund posted cumulative total returns of -2.57% based on market price and -2.61% based on net asset value. In comparison, the FTSE South Korea Capped Index-NR posted a -2.58% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 94.
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
Top 10 Holdings | ||
9/30/23 | ||
Company Sector/Industry, Country |
% of Total Net Assets | |
Samsung Electronics Co. Ltd. Technology Hardware, Storage & Peripherals, South Korea |
19.6% | |
SK Hynix, Inc. Semiconductors & Semiconductor Equipment, South Korea |
6.6% | |
POSCO Holdings, Inc. Metals & Mining, South Korea |
4.3% | |
Hyundai Motor Co. Automobiles, South Korea |
3.5% | |
NAVER Corp. Interactive Media & Services, South Korea |
3.1% | |
Samsung SDI Co. Ltd. Electronic Equipment, Instruments & Components, South Korea |
2.8% | |
LG Chem Ltd. Chemicals, South Korea |
2.8% | |
KB Financial Group, Inc. Banks, South Korea |
2.2% | |
Kia Corp. Automobiles, South Korea |
2.1% | |
LG Energy Solution Ltd. Electrical Equipment, South Korea |
2.0% |
1. The FTSE South Korea Capped Index-NR is a free float-adjusted market capitalization-weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25% of the index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the index’s weight. The FTSE South Korea Capped Index-NR is based on the FTSE South Korea Index and is designed to measure the performance of South Korean large- and mid-capitalization stocks.
2. Source: FactSet.
The index is unmanaged and includes reinvestment of any income or distributions (after the deduction of certain withholding taxes). It does not reflect any fees, expenses or sales charges. One cannot invest directly in an index. Net Return (NR) include income net of tax withholding when dividends are paid.
See www.franklintempletondatasources.com for additional data provider information.
The dollar value, number of shares or principal amount, and names of all portfolio holdings are listed in the Fund’s Schedule of Investments (SOI). The SOI begins on page 259.
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FRANKLIN FTSE SOUTH KOREA ETF
Thank you for your participation in Franklin FTSE South Korea ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Joe Diederich
Basit Amin, CFA
Portfolio Management Team
franklintempleton.com |
Semiannual Report |
93 |
FRANKLIN FTSE SOUTH KOREA ETF
Performance Summary as of September 30, 2023
Total return reflects reinvestment of the Fund’s dividends and capital gain distributions, if any, and any unrealized gains or losses. Total returns do not include brokerage commissions that may be payable on secondary market transactions. The performance table does not reflect any taxes that a shareholder would pay on Fund dividends, capital gain distributions, if any, or any realized gains on the sale or redemption of Fund shares.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until after the Fund’s inception, for the period from inception to the first day of secondary trading (11/6/17), the NAV of the Fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV.
Your dividend income will vary depending on dividends or interest paid by securities in the Fund’s portfolio, adjusted for operating expenses. Capital gain distributions are net profits realized from the sale of portfolio securities.
Performance as of 9/30/231
Cumulative Total Return2 | Average Annual Total Return2 | |||||||||||||||
|
Based on NAV |
3 |
|
Based on market price |
4 |
|
Based on NAV |
3 |
|
Based on market price |
4 | |||||
6-Month |
-2.61% | -2.57% | -2.61% | -2.57% | ||||||||||||
1-Year |
+24.89% | +26.47% | +24.89% | +26.47% | ||||||||||||
3-Year |
-3.89% | -5.92% | -1.31% | -2.01% | ||||||||||||
5-Year |
-4.27% | -3.97% | -0.87% | -0.81% | ||||||||||||
Since Inception (11/2/17) |
-10.78% | -11.00% | -1.91% | -1.95% |
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
See page 95 for Performance Summary footnotes.
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FRANKLIN FTSE SOUTH KOREA ETF
PERFORMANCE SUMMARY
Distributions (4/1/23–9/30/23)
Net
Investment Income |
$0.167560 |
Total Annual Operating Expenses5
0.09% |
Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance.
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. To the extent the Fund invests in companies in a specific country or region, the Fund may experience greater volatility than a Fund that is more broadly diversified geographically. The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the Fund’s performance and result in greater fluctuation in the value of the Fund’s shares. These and other risks are discussed in the Fund’s prospectus.
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.
1. The total annual operating expenses are as of the Fund’s prospectus available at the time of publication. Actual expenses may be higher and may impact portfolio returns.
2. Total return calculations represent the cumulative and average annual changes in value of an investment over the periods indicated. Return for less than one year, if any, has not been annualized.
3. Assumes reinvestment of distributions based on net asset value.
4. Assumes reinvestment of distributions based on market price.
5. Figures are as stated in the Fund’s current prospectus and may differ from the expense ratios disclosed in the Your Fund’s Expenses and Financial Highlights sections in this report.
See www.franklintempletondatasources.com for additional data provider information.
franklintempleton.com |
Semiannual Report |
95 |
FRANKLIN FTSE SOUTH KOREA ETF
Your Fund’s Expenses
As a Fund shareholder, you can incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of Fund shares; and (2) ongoing Fund costs, including management fees and other Fund expenses. All funds have ongoing costs, sometimes referred to as operating expenses. The table below shows ongoing costs of investing in the Fund and can help you understand these costs and compare them with those of other funds. The table assumes a $1,000 investment held for the six months indicated.
Actual Fund Expenses
The table below provides information about actual account values and actual expenses in the columns under the heading “Actual.” In these columns the Fund’s actual return, which includes the effect of Fund expenses, is used to calculate the “Ending Account Value.” You can estimate the expenses you paid during the period by following these steps (of course, your account value and expenses will differ from those in this illustration): Divide your account value by $1,000 (if your account had an $8,600 value, then $8,600 ÷ $1,000 = 8.6). Then multiply the result by the number in the row under the headings “Actual” and “Expenses Paid During Period” (if Actual Expenses Paid During Period were $7.50, then 8.6 × $7.50 = $64.50). In this illustration, the actual expenses paid this period are $64.50.
Hypothetical Example for Comparison with Other Funds
Under the heading “Hypothetical” in the table, information is provided about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. This information may not be used to estimate the actual ending account balance or expenses you paid for the period, but it can help you compare ongoing costs of investing in the Fund with those of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that expenses shown in the table are meant to highlight ongoing costs and do not reflect any transactional costs. Therefore, information under the heading “Hypothetical” is useful in comparing ongoing costs only, and will not help you compare total costs of owning different funds. In addition, if transactional costs were included, your total costs would have been higher.
Actual (actual return after expenses) |
Hypothetical (5% annual return before expenses) |
|||||||||||||||||||||
|
Beginning Account Value 4/1/23 |
|
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Net Annualized Expense Ratio |
| |||||
$1,000.00 | $973.90 | $0.44 | $1,024.55 | $0.46 | 0.09 | % |
1. Expenses are equal to the annualized expense ratio for the six-month period as indicated above—in the far right column—multiplied by the simple average account value over the period indicated, and then multiplied by 183/366 to reflect the one-half year period.
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This semiannual report for Franklin FTSE Switzerland ETF covers the period ended September 30, 2023.
Fund Overview
Your Fund’s Goal and Main Investments
The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Switzerland RIC Capped Index (the FTSE Switzerland Capped Index-NR or the Underlying Index).1 Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the FTSE Switzerland Capped Index-NR and in depositary receipts representing such securities.
Top 10 Sectors/Industries | ||||
9/30/23 | ||||
% of Total Net Assets |
||||
Pharmaceuticals |
24.9% | |||
Food Products |
20.4% | |||
Insurance |
9.4% | |||
Capital Markets |
7.7% | |||
Chemicals |
5.3% | |||
Textiles, Apparel & Luxury Goods |
5.0% | |||
Health Care Equipment & Supplies |
4.8% | |||
Electrical Equipment |
3.7% | |||
Life Sciences Tools & Services |
3.1% | |||
Construction Materials |
2.5% |
Performance Overview
During the six-month period, the Fund posted cumulative total returns of -2.06% based on market price and -1.61% based on net asset value. In comparison, the FTSE Switzerland Capped Index-NR posted a -1.77% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 99.
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
Top 10 Holdings | ||||
9/30/23 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Nestle SA Food Products, Switzerland |
18.0% | |||
Novartis AG Pharmaceuticals, Switzerland |
12.9% | |||
Roche Holding AG Pharmaceuticals, Switzerland |
12.0% | |||
UBS Group AG Capital Markets, Switzerland |
4.7% | |||
Zurich Insurance Group AG Insurance, Switzerland |
4.5% | |||
Cie Financiere Richemont SA, Class A Textiles, Apparel & Luxury Goods, Switzerland |
4.2% | |||
ABB Ltd. Electrical Equipment, Switzerland |
3.7% | |||
Alcon, Inc. Health Care Equipment & Supplies, Switzerland |
2.8% | |||
Sika AG Chemicals, Switzerland |
2.6% | |||
Lonza Group AG Life Sciences Tools & Services, Switzerland |
2.5% |
1. The FTSE Switzerland Capped Index-NR is a free float-adjusted market-capitalization weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25% of the index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the index’s weight. The FTSE Switzerland Capped Index-NR is based on the FTSE Switzerland Index and is designed to measure the performance of Swiss large- and mid-capitalization stocks.
2. Source: FactSet.
The index is unmanaged and includes reinvestment of any income or distributions (after the deduction of certain withholding taxes). It does not reflect any fees, expenses or sales charges. One cannot invest directly in an index. Net Return (NR) include income net of tax withholding when dividends are paid.
See www.franklintempletondatasources.com for additional data provider information.
The dollar value, number of shares or principal amount, and names of all portfolio holdings are listed in the Fund’s Schedule of Investments (SOI). The SOI begins on page 264.
franklintempleton.com |
Semiannual Report |
97 |
FRANKLIN FTSE SWITZERLAND ETF
Thank you for your participation in Franklin FTSE Switzerland ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Joe Diederich
Basit Amin, CFA
Portfolio Management Team
98 |
Semiannual Report |
franklintempleton.com |
FRANKLIN FTSE SWITZERLAND ETF
Performance Summary as of September 30, 2023
Total return reflects reinvestment of the Fund’s dividends and capital gain distributions, if any, and any unrealized gains or losses. Total returns do not include brokerage commissions that may be payable on secondary market transactions. The performance table does not reflect any taxes that a shareholder would pay on Fund dividends, capital gain distributions, if any, or any realized gains on the sale or redemption of Fund shares.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until after the Fund’s inception, for the period from inception to the first day of secondary trading (2/9/18), the NAV of the Fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV.
Your dividend income will vary depending on dividends or interest paid by securities in the Fund’s portfolio, adjusted for operating expenses. Capital gain distributions are net profits realized from the sale of portfolio securities.
Performance as of 9/30/231
Cumulative Total Return2 | Average Annual Total Return2 | |||||||||||||||
|
Based on NAV |
3 |
|
Based on market price |
4 |
|
Based on NAV |
3 |
|
Based on market price |
4 | |||||
6-Month |
-1.61% | -2.06% | -1.61% | -2.06% | ||||||||||||
1-Year |
+16.77% | +17.42% | +16.77% | +17.42% | ||||||||||||
3-Year |
+13.68% | +13.34% | +4.37% | +4.26% | ||||||||||||
5-Year |
+42.23% | +42.28% | +7.30% | +7.31% | ||||||||||||
Since Inception (2/6/18) |
+45.09% | +44.58% | +6.81% | +6.75% |
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
See page 100 for Performance Summary footnotes.
franklintempleton.com |
Semiannual Report |
99 |
FRANKLIN FTSE SWITZERLAND ETF
PERFORMANCE SUMMARY
Distributions (4/1/23–9/30/23)
Net
Investment Income |
$0.736118 |
Total Annual Operating Expenses5
0.09% |
Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance.
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. To the extent the Fund invests in companies in a specific country or region, the Fund may experience greater volatility than a Fund that is more broadly diversified geographically. The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the Fund’s performance and result in greater fluctuation in the value of the Fund’s shares. These and other risks are discussed in the Fund’s prospectus.
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.
1. The total annual operating expenses are as of the Fund’s prospectus available at the time of publication. Actual expenses may be higher and may impact portfolio returns.
2. Total return calculations represent the cumulative and average annual changes in value of an investment over the periods indicated. Return for less than one year, if any, has not been annualized.
3. Assumes reinvestment of distributions based on net asset value.
4. Assumes reinvestment of distributions based on market price.
5. Figures are as stated in the Fund’s current prospectus and may differ from the expense ratios disclosed in the Your Fund’s Expenses and Financial Highlights sections in this report.
See www.franklintempletondatasources.com for additional data provider information.
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FRANKLIN FTSE SWITZERLAND ETF
Your Fund’s Expenses
As a Fund shareholder, you can incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of Fund shares; and (2) ongoing Fund costs, including management fees and other Fund expenses. All funds have ongoing costs, sometimes referred to as operating expenses. The table below shows ongoing costs of investing in the Fund and can help you understand these costs and compare them with those of other funds. The table assumes a $1,000 investment held for the six months indicated.
Actual Fund Expenses
The table below provides information about actual account values and actual expenses in the columns under the heading “Actual.” In these columns the Fund’s actual return, which includes the effect of Fund expenses, is used to calculate the “Ending Account Value.” You can estimate the expenses you paid during the period by following these steps (of course, your account value and expenses will differ from those in this illustration): Divide your account value by $1,000 (if your account had an $8,600 value, then $8,600 ÷ $1,000 = 8.6). Then multiply the result by the number in the row under the headings “Actual” and “Expenses Paid During Period” (if Actual Expenses Paid During Period were $7.50, then 8.6 × $7.50 = $64.50). In this illustration, the actual expenses paid this period are $64.50.
Hypothetical Example for Comparison with Other Funds
Under the heading “Hypothetical” in the table, information is provided about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. This information may not be used to estimate the actual ending account balance or expenses you paid for the period, but it can help you compare ongoing costs of investing in the Fund with those of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that expenses shown in the table are meant to highlight ongoing costs and do not reflect any transactional costs. Therefore, information under the heading “Hypothetical” is useful in comparing ongoing costs only, and will not help you compare total costs of owning different funds. In addition, if transactional costs were included, your total costs would have been higher.
Actual (actual return after expenses) |
Hypothetical (5% annual return before expenses) |
|||||||||||||||||||||
|
Beginning Account Value 4/1/23 |
|
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Net Annualized Expense Ratio |
| |||||
$1,000.00 | $983.90 | $0.45 | $1,024.55 | $0.46 | 0.09 | % |
1. Expenses are equal to the annualized expense ratio for the six-month period as indicated above—in the far right column—multiplied by the simple average account value over the period indicated, and then multiplied by 183/366 to reflect the one-half year period.
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101 |
This semiannual report for Franklin FTSE Taiwan ETF covers the period ended September 30, 2023.
Your Fund’s Goal and Main Investments
The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Taiwan RIC Capped Index (the FTSE Taiwan Capped Index-NR or the Underlying Index).1 Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the FTSE Taiwan Capped Index-NR and in depositary receipts representing such securities.
Top 10 Sectors/Industries | ||||
9/30/23 | ||||
% of Total Net Assets |
||||
Semiconductors & Semiconductor Equipment |
34.8% | |||
Electronic Equipment, Instruments & Components |
13.4% | |||
Banks |
11.2% | |||
Technology Hardware, Storage & Peripherals |
11.1% | |||
Insurance |
4.8% | |||
Chemicals |
3.9% | |||
Financial Services |
2.3% | |||
Diversified Telecommunication Services |
1.8% | |||
Electrical Equipment |
1.7% | |||
Food Products |
1.4% |
Performance Overview
During the six-month period, the Fund posted cumulative total returns of -1.40% based on market price and -1.51% based on net asset value. In comparison, the FTSE Taiwan Capped Index-NR posted a -1.43% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 104.
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
Top 10 Holdings | ||||
9/30/23 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Taiwan Semiconductor Manufacturing Co.
Ltd. Semiconductors & Semiconductor Equipment, Taiwan |
19.6% | |||
Hon Hai Precision Industry Co. Ltd. Electronic Equipment, Instruments & Components,Taiwan |
5.0% | |||
MediaTek,
Inc. Semiconductors & Semiconductor Equipment, Taiwan |
4.4% | |||
Delta Electronics, Inc., Class A Electronic Equipment, Instruments & Components, Taiwan |
2.8% | |||
Quanta Computer, Inc. Technology Hardware, Storage & Peripherals, Taiwan |
2.6% | |||
United Microelectronics
Corp. Semiconductors & Semiconductor Equipment, Taiwan |
2.1% | |||
Fubon Financial Holding Co. Ltd. Insurance, Taiwan |
1.9% | |||
CTBC Financial Holding Co. Ltd., Class A Banks, Taiwan |
1.8% | |||
Chunghwa Telecom Co. Ltd. Diversified Telecommunication Services, Taiwan |
1.8% | |||
Mega Financial Holding Co. Ltd. Banks, Taiwan |
1.7% |
1. The FTSE Taiwan Capped Index-NR is a free float-adjusted market capitalization-weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25% of the index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the index’s weight. The FTSE Taiwan Capped Index-NR is based on the FTSE Taiwan Index and is designed to measure the performance of Taiwanese large-and mid-capitalization stocks.
2. Source: FactSet.
The index is unmanaged and includes reinvestment of any income or distributions (after the deduction of certain withholding taxes). It does not reflect any fees, expenses or sales charges. One cannot invest directly in an index. Net Return (NR) include income net of tax withholding when dividends are paid.
See www.franklintempletondatasources.com for additional data provider information.
The dollar value, number of shares or principal amount, and names of all portfolio holdings are listed in the Fund’s Schedule of Investments (SOI). The SOI begins on page 267.
102 |
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franklintempleton.com |
FRANKLIN FTSE TAIWAN ETF
Thank you for your participation in Franklin FTSE Taiwan ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Joe Diederich
Basit Amin, CFA
Portfolio Management Team
franklintempleton.com |
Semiannual Report |
103 |
FRANKLIN FTSE TAIWAN ETF
Performance Summary as of September 30, 2023
Total return reflects reinvestment of the Fund’s dividends and capital gain distributions, if any, and any unrealized gains or losses. Total returns do not include brokerage commissions that may be payable on secondary market transactions. The performance table does not reflect any taxes that a shareholder would pay on Fund dividends, capital gain distributions, if any, or any realized gains on the sale or redemption of Fund shares.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until after the Fund’s inception, for the period from inception to the first day of secondary trading (11/6/17), the NAV of the Fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV.
Your dividend income will vary depending on dividends or interest paid by securities in the Fund’s portfolio, adjusted for operating expenses. Capital gain distributions are net profits realized from the sale of portfolio securities.
Performance as of 9/30/231
Cumulative Total Return2 | Average Annual Total Return2 | |||||||||||||||
|
Based on NAV |
3 |
|
Based on market price |
4 |
|
Based on NAV |
3 |
|
Based on market price |
4 | |||||
6-Month |
-1.51% | -1.40% | -1.51% | -1.40% | ||||||||||||
1-Year |
+21.74% | +23.80% | +21.74% | +23.80% | ||||||||||||
3-Year |
+26.56% | +26.12% | +8.17% | +8.04% | ||||||||||||
5-Year |
+54.18% | +54.43% | +9.05% | +9.08% | ||||||||||||
Since Inception (11/2/17) |
+60.33% | +60.76% | +8.32% | +8.37% |
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
See page 105 for Performance Summary footnotes.
104 |
Semiannual Report |
franklintempleton.com |
FRANKLIN FTSE TAIWAN ETF
PERFORMANCE SUMMARY
Distributions (4/1/23–9/30/23)
Net
Investment Income |
$0.162445 |
Total Annual Operating Expenses5
0.19% |
Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance.
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. There are special risks associated with investments in China, Hong Kong and Taiwan, including less liquidity, expropriation, confiscatory taxation, international trade tensions, nationalization, and exchange control regulations and rapid inflation, all of which can negatively impact the Fund. Investments in Taiwan could be adversely affected by its political and economic relationship with China. To the extent the Fund invests in companies in a specific country or region, the Fund may experience greater volatility than a Fund that is more broadly diversified geographically. The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the Fund’s performance and result in greater fluctuation in the value of the Fund’s shares. These and other risks are discussed in the Fund’s prospectus.
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.
1. The total annual operating expenses are as of the Fund’s prospectus available at the time of publication. Actual expenses may be higher and may impact portfolio returns.
2. Total return calculations represent the cumulative and average annual changes in value of an investment over the periods indicated. Return for less than one year, if any, has not been annualized.
3. Assumes reinvestment of distributions based on net asset value.
4. Assumes reinvestment of distributions based on market price.
5. Figures are as stated in the Fund’s current prospectus and may differ from the expense ratios disclosed in the Your Fund’s Expenses and Financial Highlights sections in this report.
See www.franklintempletondatasources.com for additional data provider information.
franklintempleton.com |
Semiannual Report |
105 |
FRANKLIN FTSE TAIWAN ETF
Your Fund’s Expenses
As a Fund shareholder, you can incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of Fund shares; and (2) ongoing Fund costs, including management fees and other Fund expenses. All funds have ongoing costs, sometimes referred to as operating expenses. The table below shows ongoing costs of investing in the Fund and can help you understand these costs and compare them with those of other funds. The table assumes a $1,000 investment held for the six months indicated.
Actual Fund Expenses
The table below provides information about actual account values and actual expenses in the columns under the heading “Actual.” In these columns the Fund’s actual return, which includes the effect of Fund expenses, is used to calculate the “Ending Account Value.” You can estimate the expenses you paid during the period by following these steps (of course, your account value and expenses will differ from those in this illustration): Divide your account value by $1,000 (if your account had an $8,600 value, then $8,600 ÷ $1,000 = 8.6). Then multiply the result by the number in the row under the headings “Actual” and “Expenses Paid During Period” (if Actual Expenses Paid During Period were $7.50, then 8.6 × $7.50 = $64.50). In this illustration, the actual expenses paid this period are $64.50.
Hypothetical Example for Comparison with Other Funds
Under the heading “Hypothetical” in the table, information is provided about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. This information may not be used to estimate the actual ending account balance or expenses you paid for the period, but it can help you compare ongoing costs of investing in the Fund with those of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that expenses shown in the table are meant to highlight ongoing costs and do not reflect any transactional costs. Therefore, information under the heading “Hypothetical” is useful in comparing ongoing costs only, and will not help you compare total costs of owning different funds. In addition, if transactional costs were included, your total costs would have been higher.
Actual (actual return after expenses) |
Hypothetical (5% annual return before expenses) |
|||||||||||||||||||||
|
Beginning Account Value 4/1/23 |
|
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Net Annualized Expense Ratio |
| |||||
$1,000.00 | $984.90 | $0.94 | $1,024.05 | $0.96 | 0.19 | % |
1. Expenses are equal to the annualized expense ratio for the six-month period as indicated above—in the far right column—multiplied by the simple average account value over the period indicated, and then multiplied by 183/366 to reflect the one-half year period.
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franklintempleton.com |
Franklin FTSE United Kingdom ETF
This semiannual report for Franklin FTSE United Kingdom ETF covers the period ended September 30, 2023.
Fund Overview
Your Fund’s Goal and Main Investments
The Fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE UK RIC Capped Index (the FTSE UK Capped Index-NR or the Underlying Index).1 Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the FTSE UK Capped Index-NR and in depositary receipts representing such securities.
Top 10 Sectors/Industries | ||||
9/30/23 | ||||
% of Total Net Assets |
||||
Oil, Gas & Consumable Fuels |
13.3% | |||
Pharmaceuticals |
11.6% | |||
Banks |
10.6% | |||
Metals & Mining |
7.6% | |||
Personal Care Products |
6.0% | |||
Professional Services |
4.2% | |||
Hotels, Restaurants & Leisure |
4.1% | |||
Capital Markets |
3.8% | |||
Tobacco |
3.6% | |||
Beverages |
3.6% |
Performance Overview
For the six-month period, the Fund posted cumulative total returns of +0.67% based on market price and +0.96% based on net asset value. In comparison, the FTSE UK Capped Index-NR posted a +1.03% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 109.
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
Top 10 Holdings | ||||
9/30/23 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Shell PLC Oil, Gas & Consumable Fuels, Netherlands |
8.8% | |||
AstraZeneca PLC Pharmaceuticals, United Kingdom |
8.2% | |||
HSBC Holdings PLC Banks, United Kingdom |
6.4% | |||
Unilever PLC Personal Care Products, United Kingdom |
5.1% | |||
BP PLC Oil, Gas & Consumable Fuels, United Kingdom |
4.5% | |||
Diageo PLC Beverages, United Kingdom |
3.4% | |||
GSK PLC Pharmaceuticals, United Kingdom |
3.0% | |||
Glencore PLC Metals & Mining, Australia |
2.9% | |||
British American Tobacco PLC Tobacco, United Kingdom |
2.9% | |||
Rio Tinto PLC Metals & Mining, Australia |
2.8% |
1. The FTSE UK Capped Index-NR is a free float-adjusted market capitalization-weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25% of the index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the index’s weight. The FTSE UK Capped Index-NR is based on the FTSE UK Index and is designed to measure the performance of U.K. large- and mid-capitalization stocks.
2. Source: FactSet.
The index is unmanaged and includes reinvestment of any income or distributions (after the deduction of certain withholding taxes). It does not reflect any fees, expenses or sales charges. One cannot invest directly in an index. Net Return (NR) include income net of tax withholding when dividends are paid.
See www.franklintempletondatasources.com for additional data provider information.
The dollar value, number of shares or principal amount, and names of all portfolio holdings are listed in the Fund’s Schedule of Investments (SOI). The SOI begins on page 271.
franklintempleton.com |
Semiannual Report |
107 |
FRANKLIN FTSE UNITED KINGDOM ETF
Thank you for your participation in Franklin FTSE United Kingdom ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Joe Diederich
Basit Amin, CFA
Portfolio Management Team
108 |
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FRANKLIN FTSE UNITED KINGDOM ETF
Performance Summary as of September 30, 2023
Total return reflects reinvestment of the Fund’s dividends and capital gain distributions, if any, and any unrealized gains or losses. Total returns do not include brokerage commissions that may be payable on secondary market transactions. The performance table does not reflect any taxes that a shareholder would pay on Fund dividends, capital gain distributions, if any, or any realized gains on the sale or redemption of Fund shares.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate market return (Market Price) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until after the Fund’s inception, for the period from inception to the first day of secondary trading (11/6/17), the NAV of the Fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV.
Your dividend income will vary depending on dividends or interest paid by securities in the Fund’s portfolio, adjusted for operating expenses. Capital gain distributions are net profits realized from the sale of portfolio securities.
Performance as of 9/30/231
Cumulative Total Return2 | Average Annual Total Return2 | |||||||||||||||
|
Based on NAV |
3 |
|
Based on market price |
4 |
|
Based on NAV |
3 |
|
Based on market price |
4 | |||||
6-Month |
+0.96% | +0.67% | +0.96% | +0.67% | ||||||||||||
1-Year |
+26.27% | +27.19% | +26.27% | +27.19% | ||||||||||||
3-Year |
+37.63% | +37.87% | +11.23% | +11.30% | ||||||||||||
5-Year |
+15.14% | +14.91% | +2.86% | +2.82% | ||||||||||||
Since Inception (11/2/17) |
+18.31% | +17.98% | +2.89% | +2.84% |
Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to franklintempleton.com or call (800) 342-5236.
See page 110 for Performance Summary footnotes.
franklintempleton.com |
Semiannual Report |
109 |
FRANKLIN FTSE UNITED KINGDOM ETF
PERFORMANCE SUMMARY
Distributions (4/1/23–9/30/23)
Net
Investment Income |
$0.480988 |
Total Annual Operating Expenses5
0.09% |
Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance.
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. To the extent the Fund invests in companies in a specific country or region, the Fund may experience greater volatility than a Fund that is more broadly diversified geographically. The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the Fund’s performance and result in greater fluctuation in the value of the Fund’s shares. These and other risks are discussed in the Fund’s prospectus.
To the extent that the Fund has exposure to Russian investments or investments in countries affected by the invasion, the Fund’s ability to price, buy, sell, receive or deliver such investments may be impaired. The Fund could determine at any time that certain of the most affected securities have zero value. In addition, any exposure that the Fund may have to counterparties in Russia or in countries affected by the invasion could negatively impact the Fund’s portfolio. The extent and duration of Russia’s military actions and the repercussions of such actions (including any retaliatory actions or countermeasures that may be taken by those subject to sanctions) are impossible to predict, but could result in significant market disruptions, including in the oil and natural gas markets, and may negatively affect global supply chains, inflation and global growth. These and any related events could significantly impact the Fund’s performance and the value of an investment in the Fund, even beyond any direct exposure the Fund may have to Russian issuers or issuers in other countries affected by the invasion.
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.
1. The total annual operating expenses are as of the Fund’s prospectus available at the time of publication. Actual expenses may be higher and may impact portfolio returns.
2. Total return calculations represent the cumulative and average annual changes in value of an investment over the periods indicated. Return for less than one year, if any, has not been annualized.
3. Assumes reinvestment of distributions based on net asset value.
4. Assumes reinvestment of distributions based on market price.
5. Figures are as stated in the Fund’s current prospectus and may differ from the expense ratios disclosed in the Your Fund’s Expenses and Financial Highlights sections in this report.
See www.franklintempletondatasources.com for additional data provider information.
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FRANKLIN FTSE UNITED KINGDOM ETF
Your Fund’s Expenses
As a Fund shareholder, you can incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of Fund shares; and (2) ongoing Fund costs, including management fees and other Fund expenses. All funds have ongoing costs, sometimes referred to as operating expenses. The table below shows ongoing costs of investing in the Fund and can help you understand these costs and compare them with those of other funds. The table assumes a $1,000 investment held for the six months indicated.
Actual Fund Expenses
The table below provides information about actual account values and actual expenses in the columns under the heading “Actual.” In these columns the Fund’s actual return, which includes the effect of Fund expenses, is used to calculate the “Ending Account Value.” You can estimate the expenses you paid during the period by following these steps (of course, your account value and expenses will differ from those in this illustration): Divide your account value by $1,000 (if your account had an $8,600 value, then $8,600 ÷ $1,000 = 8.6). Then multiply the result by the number in the row under the headings “Actual” and “Expenses Paid During Period” (if Actual Expenses Paid During Period were $7.50, then 8.6 × $7.50 = $64.50). In this illustration, the actual expenses paid this period are $64.50.
Hypothetical Example for Comparison with Other Funds
Under the heading “Hypothetical” in the table, information is provided about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. This information may not be used to estimate the actual ending account balance or expenses you paid for the period, but it can help you compare ongoing costs of investing in the Fund with those of other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that expenses shown in the table are meant to highlight ongoing costs and do not reflect any transactional costs. Therefore, information under the heading “Hypothetical” is useful in comparing ongoing costs only, and will not help you compare total costs of owning different funds. In addition, if transactional costs were included, your total costs would have been higher.
Actual (actual return after expenses) |
Hypothetical (5% annual return before expenses) |
|||||||||||||||||||||
|
Beginning Account Value 4/1/23 |
|
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Ending Account Value 9/30/23 |
|
|
Expenses Paid During Period 4/1/23–9/30/23 |
1 |
|
Net Annualized Expense Ratio |
| |||||
$1,000.00 | $1,009.60 | $0.45 | $1,024.55 | $0.46 | 0.09 | % |
1. Expenses are equal to the annualized expense ratio for the six-month period as indicated above—in the far right column—multiplied by the simple average account value over the period indicated, and then multiplied by 183/366 to reflect the one-half year period.
franklintempleton.com |
Semiannual Report |
111 |
FRANKLIN TEMPLETON ETF TRUST
Franklin FTSE Asia ex Japan ETF
Six Months
Ended September 30, 2023 (unaudited) |
Year Ended March 31, | |||||||||||||||||||||||
2023 | 2022 | 2021 | 2020 | 2019 | ||||||||||||||||||||
Per share operating performance (for a share outstanding throughout the period) |
||||||||||||||||||||||||
Net asset value, beginning of period |
$ | 21.41 | $ | 24.22 | $ | 28.60 | $ | 18.39 | $ | 21.86 | $ | 23.63 | ||||||||||||
|
|
|||||||||||||||||||||||
Income from investment operationsa: | ||||||||||||||||||||||||
Net investment incomeb |
0.37 | 0.57 | 0.55 | 0.44 | 0.49 | 0.51 | ||||||||||||||||||
Net realized and unrealized gains (losses) |
(1.17 | ) | (2.79 | ) | (4.31 | ) | 10.21 | (3.46 | ) | (1.82 | ) | |||||||||||||
|
|
|||||||||||||||||||||||
Total from investment operations |
(0.80 | ) | (2.22 | ) | (3.76 | ) | 10.65 | (2.97 | ) | (1.31 | ) | |||||||||||||
|
|
|||||||||||||||||||||||
Less distributions from net investment income |
(0.18 | ) | (0.59 | ) | (0.62 | ) | (0.44 | ) | (0.50 | ) | (0.46 | ) | ||||||||||||
|
|
|||||||||||||||||||||||
Net asset value, end of period |
$ | 20.43 | $ | 21.41 | $ | 24.22 | $ | 28.60 | $ | 18.39 | $ | 21.86 | ||||||||||||
|
|
|||||||||||||||||||||||
Total returnc |
(3.80)% | (9.10)% | (13.34)% | 58.16% | (13.88)% | (5.34)% | ||||||||||||||||||
Ratios to average net assetsd | ||||||||||||||||||||||||
Expenses before waiver and payments by affiliates |
0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | ||||||||||||||||||
Expenses net of waiver and payments by affiliates |
0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | ||||||||||||||||||
Net investment income |
3.52% | 2.67% | 2.01% | 1.78% | 2.32% | 2.34% | ||||||||||||||||||
Supplemental data | ||||||||||||||||||||||||
Net assets, end of period (000’s) |
$24,516 | $29,980 | $38,751 | $34,317 | $14,712 | $17,488 | ||||||||||||||||||
Portfolio turnover ratee |
18.56%f | 5.85%f | 10.09%f | 11.45%f | 11.42%f | 7.11% |
aThe amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations for the period due to the timing of sales and repurchases of Creation Unit Fund shares in relation to income earned and/or fluctuating fair value of the investments of the Fund.
bBased on average daily shares outstanding.
cTotal return is not annualized for periods less than one year. Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period.
dRatios are annualized for periods less than one year.
ePortfolio turnover rate includes portfolio transactions that are executed as a result of the Fund offering and redeeming Creation Units solely for cash (“Cash creations”).
fPortfolio turnover rate excluding cash creations was as follows: | 3.61% | 5.85% | 9.63% | 11.45% | 11.2% | — |
112 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Schedule of Investments, September 30, 2023 (unaudited)
Franklin FTSE Asia ex Japan ETF
Industry | Shares | Value | ||||||||||
Common Stocks 99.4% |
||||||||||||
Cambodia 0.0%† |
||||||||||||
a |
NagaCorp Ltd |
Hotels, Restaurants & Leisure | 6,150 | $ | 2,968 | |||||||
|
|
|||||||||||
China 32.8% | ||||||||||||
a |
360 Security Technology, Inc., Class A |
Software | 2,200 | 2,968 | ||||||||
37 Interactive Entertainment Network Technology Group Co. Ltd., Class A |
Entertainment | 600 | 1,787 | |||||||||
b |
3SBio, Inc., Class A |
Biotechnology | 7,500 | 6,272 | ||||||||
AAC Technologies Holdings, Inc., Class H |
Electronic Equipment, Instruments & Components | 3,000 | 5,133 | |||||||||
Addsino Co. Ltd., Class A |
Communications Equipment | 600 | 707 | |||||||||
Advanced Micro-Fabrication Equipment, Inc. China, Class A |
Semiconductors & Semiconductor Equipment | 125 | 2,583 | |||||||||
AECC Aero-Engine Control Co. Ltd., Class A |
Aerospace & Defense | 400 | 1,179 | |||||||||
AECC Aviation Power Co. Ltd., Class A |
Aerospace & Defense | 800 | 4,079 | |||||||||
Agricultural Bank of China Ltd., Class A |
Banks | 27,000 | 13,341 | |||||||||
Agricultural Bank of China Ltd., Class H |
Banks | 126,000 | 46,977 | |||||||||
Aier Eye Hospital Group Co. Ltd., Class A |
Health Care Providers & Services | 2,655 | 6,548 | |||||||||
a |
Air China Ltd., Class A |
Passenger Airlines | 2,400 | 2,662 | ||||||||
a |
Air China Ltd., Class H |
Passenger Airlines | 6,000 | 4,053 | ||||||||
Airtac International Group, Class A |
Machinery | 660 | 20,016 | |||||||||
a,b |
Akeso, Inc. |
Biotechnology | 1,900 | 8,734 | ||||||||
a,c |
Alibaba Group Holding Ltd., Class A |
Broadline Retail | 68,600 | 749,779 | ||||||||
a,b |
A-Living Smart City Services Co. Ltd., Class H |
Real Estate Management & Development | 3,000 | 1,693 | ||||||||
All Winner Technology Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 200 | 652 | |||||||||
a |
Alpha Group, Class A |
Leisure Products | 400 | 443 | ||||||||
Aluminum Corp. of China Ltd., Class A |
Metals & Mining | 3,600 | 3,103 | |||||||||
Aluminum Corp. of China Ltd., Class H |
Metals & Mining | 16,000 | 8,948 | |||||||||
a |
Amlogic Shanghai Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 125 | 1,082 | ||||||||
An Hui Wenergy Co. Ltd., Class A |
Independent Power Producers & Energy Traders | 1,000 | 833 | |||||||||
Angang Steel Co. Ltd., Class A |
Metals & Mining | 1,600 | 600 | |||||||||
Angang Steel Co. Ltd., Class H |
Metals & Mining | 6,000 | 1,502 | |||||||||
Angel Yeast Co. Ltd., Class A |
Food Products | 200 | 922 | |||||||||
b |
Angelalign Technology, Inc. |
Health Care Equipment & Supplies | 200 | 1,242 | ||||||||
Anhui Anke Biotechnology Group Co. Ltd., Class A |
Biotechnology | 632 | 863 | |||||||||
Anhui Conch Cement Co. Ltd., Class A |
Construction Materials | 1,200 | 4,287 | |||||||||
Anhui Conch Cement Co. Ltd., Class H |
Construction Materials | 4,880 | 12,992 | |||||||||
Anhui Expressway Co. Ltd., Class H |
Transportation Infrastructure | 2,000 | 2,091 | |||||||||
Anhui Gujing Distillery Co. Ltd., Class A |
Beverages | 200 | 7,461 | |||||||||
Anhui Gujing Distillery Co. Ltd., Class B |
Beverages | 500 | 8,363 | |||||||||
Anhui Zhongding Sealing Parts Co. Ltd., Class A |
Automobile Components | 400 | 663 | |||||||||
Anjoy Foods Group Co. Ltd., Class A |
Food Products | 100 | 1,702 | |||||||||
ANTA Sports Products Ltd., Class A |
Textiles, Apparel & Luxury Goods | 5,000 | 56,277 | |||||||||
Apeloa Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals | 400 | 988 | |||||||||
c |
Autohome, Inc., ADR |
Interactive Media & Services | 248 | 7,527 | ||||||||
AVIC Industry-Finance Holdings Co. Ltd., Class A |
Financial Services | 2,800 | 1,345 | |||||||||
AviChina Industry & Technology Co. Ltd., Class H |
Aerospace & Defense | 10,000 | 4,750 | |||||||||
Avicopter PLC, Class A |
Aerospace & Defense | 200 | 1,039 | |||||||||
b |
BAIC Motor Corp. Ltd., Class H |
Automobiles | 11,000 | 3,329 | ||||||||
a,c |
Baidu, Inc., Class A |
Interactive Media & Services | 9,000 | 153,297 | ||||||||
Bank of Beijing Co. Ltd., Class A |
Banks | 6,000 | 3,813 | |||||||||
Bank of Changsha Co. Ltd., Class A |
Banks | 1,000 | 1,124 | |||||||||
Bank of Chengdu Co. Ltd., Class A |
Banks | 400 | 755 | |||||||||
Bank of China Ltd., Class A |
Banks | 13,200 | 6,830 | |||||||||
Bank of China Ltd., Class H |
Banks | 306,000 | 107,055 | |||||||||
Bank of Communications Co. Ltd., Class A |
Banks | 11,400 | 9,013 | |||||||||
Bank of Communications Co. Ltd., Class H |
Banks | 29,000 | 17,551 | |||||||||
Bank of Guiyang Co. Ltd., Class A |
Banks | 1,000 | 767 |
franklintempleton.com |
Semiannual Report |
113 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||
Common Stocks (continued) |
||||||||||||
China (continued) |
||||||||||||
Bank of Hangzhou Co. Ltd., Class A |
Banks |
1,800 | $ | 2,757 | ||||||||
Bank of Jiangsu Co. Ltd., Class A |
Banks |
1,480 | 1,459 | |||||||||
Bank of Nanjing Co. Ltd., Class A |
Banks |
3,000 | 3,315 | |||||||||
Bank of Ningbo Co. Ltd., Class A |
Banks |
1,880 | 6,933 | |||||||||
Bank of Shanghai Co. Ltd., Class A |
Banks |
4,280 | 3,625 | |||||||||
a |
Bank of Zhengzhou Co. Ltd., Class A |
Banks | 2,092 | 612 | ||||||||
Baoshan Iron & Steel Co. Ltd., Class A |
Metals & Mining |
5,400 | 4,514 | |||||||||
BBMG Corp., Class A |
Construction Materials |
1,800 | 544 | |||||||||
BBMG Corp., Class H |
Construction Materials |
12,000 | 1,241 | |||||||||
a |
BeiGene Ltd. |
Biotechnology | 2,400 | 32,973 | ||||||||
Beijing Capital Development Co. Ltd., Class A |
Real Estate Management & Development |
600 | 337 | |||||||||
Beijing Capital Eco-Environment Protection Group Co. Ltd., Class A |
Water Utilities |
2,400 | 936 | |||||||||
a |
Beijing Capital International Airport Co. Ltd., Class H |
Transportation Infrastructure | 8,000 | 3,708 | ||||||||
Beijing Dabeinong Technology Group Co. Ltd., Class A |
Food Products |
1,800 | 1,668 | |||||||||
Beijing Easpring Material Technology Co. Ltd., Class A |
Electrical Equipment |
200 | 1,156 | |||||||||
a |
Beijing E-Hualu Information Technology Co. Ltd., Class A |
Software | 200 | 948 | ||||||||
Beijing Enlight Media Co. Ltd., Class A |
Entertainment |
1,000 | 1,180 | |||||||||
Beijing Enterprises Holdings Ltd., Class H |
Gas Utilities |
2,000 | 6,895 | |||||||||
a |
Beijing Haixin Energy Technology Co. Ltd., Class A |
Chemicals | 600 | 280 | ||||||||
a |
Beijing Jetsen Technology Co. Ltd., Class A |
Entertainment | 1,000 | 714 | ||||||||
Beijing Jingneng Clean Energy Co. Ltd., Class H |
Independent Power Producers & Energy Traders |
6,000 | 1,249 | |||||||||
Beijing Kingsoft Office Software, Inc., Class A |
Software |
90 | 4,580 | |||||||||
Beijing New Building Materials PLC, Class A |
Building Products |
600 | 2,475 | |||||||||
Beijing Originwater Technology Co. Ltd., Class A |
Commercial Services & Supplies |
1,047 | 737 | |||||||||
a |
Beijing Shiji Information Technology Co. Ltd., Class A |
Software | 810 | 1,273 | ||||||||
a |
Beijing Shougang Co. Ltd., Class A |
Metals & Mining | 2,400 | 1,252 | ||||||||
a |
Beijing Sinnet Technology Co. Ltd., Class A |
IT Services | 600 | 807 | ||||||||
Beijing Tongrentang Co. Ltd., Class A |
Pharmaceuticals |
400 | 3,008 | |||||||||
Beijing Ultrapower Software Co. Ltd., Class A |
IT Services |
600 | 828 | |||||||||
Beijing United Information Technology Co. Ltd., Class A |
Trading Companies & Distributors |
210 | 958 | |||||||||
Beijing Wantai Biological Pharmacy Enterprise Co. Ltd., Class A |
Biotechnology |
203 | 1,337 | |||||||||
Beijing Yanjing Brewery Co. Ltd., Class A |
Beverages |
900 | 1,244 | |||||||||
Beijing Zhong Ke San Huan High-Tech Co. Ltd., Class A |
Electronic Equipment, Instruments & Components |
445 | 665 | |||||||||
Beijing-Shanghai High Speed Railway Co. Ltd., Class A |
Ground Transportation |
4,200 | 2,957 | |||||||||
a,c |
Bilibili, Inc., Class Z |
Entertainment | 960 | 13,275 | ||||||||
b |
Blue Moon Group Holdings Ltd. |
Household Products | 4,000 | 1,328 | ||||||||
a |
Bluefocus Intelligent Communications Group Co. Ltd., Class A |
Media | 600 | 640 | ||||||||
BOC Hong Kong Holdings Ltd. |
Banks |
14,500 | 39,713 | |||||||||
BOE Technology Group Co. Ltd., Class A |
Electronic Equipment, Instruments & Components |
11,400 | 6,040 | |||||||||
BOE Technology Group Co. Ltd., Class B |
Electronic Equipment, Instruments & Components |
3,600 | 1,200 | |||||||||
Bright Dairy & Food Co. Ltd., Class A |
Food Products |
400 | 565 | |||||||||
a |
BTG Hotels Group Co. Ltd., Class A |
Hotels, Restaurants & Leisure | 400 | 946 | ||||||||
b |
Budweiser Brewing Co. APAC Ltd., Class H |
Beverages | 6,600 | 13,028 | ||||||||
BYD Co. Ltd., Class A |
Automobiles |
600 | 19,493 | |||||||||
BYD Co. Ltd., Class H |
Automobiles |
3,859 | 119,241 |
114 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||
Common Stocks (continued) |
||||||||||||
China (continued) |
||||||||||||
BYD Electronic International Co. Ltd. |
Communications Equipment |
3,000 | $ | 13,675 | ||||||||
By-health Co. Ltd., Class A |
Personal Care Products |
600 | 1,564 | |||||||||
C&D International Investment Group Ltd. |
Real Estate Management & Development |
2,500 | 6,084 | |||||||||
C&S Paper Co. Ltd., Class A |
Household Products |
400 | 563 | |||||||||
Caitong Securities Co. Ltd., Class A |
Capital Markets |
1,320 | 1,428 | |||||||||
Camel Group Co. Ltd., Class A |
Electrical Equipment |
460 | 524 | |||||||||
Canmax Technologies Co. Ltd., Class A |
Chemicals |
260 | 917 | |||||||||
a,b |
CanSino Biologics, Inc., Class H |
Pharmaceuticals | 400 | 1,246 | ||||||||
CECEP Solar Energy Co. Ltd., Class A |
Independent Power Producers & Energy Traders |
1,200 | 954 | |||||||||
CECEP Wind-Power Corp., Class A |
Independent Power Producers & Energy Traders |
2,040 | 916 | |||||||||
Central China Securities Co. Ltd., Class A |
Capital Markets |
1,000 | 544 | |||||||||
Central China Securities Co. Ltd., Class H |
Capital Markets |
4,000 | 582 | |||||||||
CETC Cyberspace Security Technology Co. Ltd., Class A |
Electronic Equipment, Instruments & Components |
200 | 653 | |||||||||
CGN Power Co. Ltd., Class A |
Independent Power Producers & Energy Traders |
2,400 | 1,034 | |||||||||
b |
CGN Power Co. Ltd., Class H |
Independent Power Producers & Energy Traders | 42,000 | 10,886 | ||||||||
Changchun High & New Technology Industry Group, Inc., Class A |
Pharmaceuticals |
100 | 1,908 | |||||||||
Changjiang Securities Co. Ltd., Class A |
Capital Markets |
1,800 | 1,440 | |||||||||
Changzhou Xingyu Automotive Lighting Systems Co. Ltd., Class A |
Automobile Components |
100 | 2,086 | |||||||||
Chaozhou Three-Circle Group Co. Ltd., Class A |
Electronic Equipment, Instruments & Components |
600 | 2,553 | |||||||||
Chengdu Xingrong Environment Co. Ltd., Class A |
Water Utilities |
1,200 | 883 | |||||||||
Chengxin Lithium Group Co. Ltd., Class A |
Chemicals |
200 | 614 | |||||||||
China Baoan Group Co. Ltd., Class A |
Industrial Conglomerates |
1,000 | 1,430 | |||||||||
a,b |
China Bohai Bank Co. Ltd., Class H |
Banks | 12,000 | 1,762 | ||||||||
China Cinda Asset Management Co. Ltd., Class H |
Capital Markets |
36,000 | 3,631 | |||||||||
China CITIC Bank Corp. Ltd., Class A |
Banks |
3,000 | 2,355 | |||||||||
China CITIC Bank Corp. Ltd., Class H |
Banks |
37,000 | 17,196 | |||||||||
China Coal Energy Co. Ltd., Class A |
Oil, Gas & Consumable Fuels |
1,600 | 1,919 | |||||||||
China Coal Energy Co. Ltd., Class H |
Oil, Gas & Consumable Fuels |
9,000 | 7,056 | |||||||||
China Communications Services Corp. Ltd., Class H |
Construction & Engineering |
10,000 | 4,201 | |||||||||
China Conch Venture Holdings Ltd. |
Construction & Engineering |
6,020 | 5,135 | |||||||||
China Construction Bank Corp., Class A |
Banks |
3,000 | 2,594 | |||||||||
China Construction Bank Corp., Class H |
Banks |
378,000 | 213,329 | |||||||||
China CSSC Holdings Ltd., Class A |
Machinery |
1,200 | 4,595 | |||||||||
a |
China Eastern Airlines Corp. Ltd., Class A |
Passenger Airlines | 4,200 | 2,536 | ||||||||
a |
China Eastern Airlines Corp. Ltd., Class H |
Passenger Airlines | 6,000 | 2,045 | ||||||||
China Energy Engineering Corp. Ltd. |
Construction & Engineering |
10,000 | 3,102 | |||||||||
China Energy Engineering Corp. Ltd., Class H |
Construction & Engineering |
20,000 | 2,298 | |||||||||
China Everbright Bank Co. Ltd., Class A |
Banks |
13,200 | 5,562 | |||||||||
China Everbright Bank Co. Ltd., Class H |
Banks |
13,000 | 3,901 | |||||||||
b |
China Feihe Ltd. |
Food Products | 16,000 | 9,438 | ||||||||
China Galaxy Securities Co. Ltd., Class A |
Capital Markets |
600 | 905 | |||||||||
China Galaxy Securities Co. Ltd., Class H |
Capital Markets |
16,000 | 8,253 | |||||||||
China Great Wall Securities Co. Ltd., Class A |
Capital Markets |
1,000 | 1,139 | |||||||||
China Greatwall Technology Group Co. Ltd., Class A |
Technology Hardware, Storage & Peripherals |
1,000 | 1,440 | |||||||||
China Green Electricity Investment of Tianjin Co. Ltd., Class A |
Real Estate Management & Development |
600 | 903 | |||||||||
China Hongqiao Group Ltd. |
Metals & Mining |
9,500 | 9,304 | |||||||||
a,b |
China Huarong Asset Management Co. Ltd., Class H |
Capital Markets | 60,000 | 2,873 | ||||||||
China International Capital Corp. Ltd., Class A |
Capital Markets |
300 | 1,542 |
franklintempleton.com |
Semiannual Report |
115 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||
Common Stocks (continued) |
||||||||||||
China (continued) |
||||||||||||
b |
China International Capital Corp. Ltd., Class H |
Capital Markets | 6,100 | $ | 11,185 | |||||||
China International Marine Containers Group Co. Ltd., Class A |
Machinery |
650 | 633 | |||||||||
China International Marine Containers Group Co. Ltd., Class H |
Machinery |
3,200 | 1,847 | |||||||||
China Jinmao Holdings Group Ltd., Class A |
Real Estate Management & Development |
28,000 | 3,611 | |||||||||
China Jushi Co. Ltd., Class A |
Construction Materials |
1,371 | 2,540 | |||||||||
China Lesso Group Holdings Ltd. |
Building Products |
4,000 | 2,130 | |||||||||
China Life Insurance Co. Ltd., Class H |
Insurance | 30,000 | 46,732 | |||||||||
a,b,c |
China Literature Ltd., Class A |
Media | 1,600 | 5,853 | ||||||||
China Longyuan Power Group Corp. Ltd., Class H |
Independent Power Producers & Energy Traders | 14,000 | 12,191 | |||||||||
China Medical System Holdings Ltd. |
Pharmaceuticals | 5,000 | 7,572 | |||||||||
China Meheco Co. Ltd., Class A |
Health Care Providers & Services | 460 | 782 | |||||||||
China Meidong Auto Holdings Ltd. |
Specialty Retail | 2,000 | 1,096 | |||||||||
China Merchants Bank Co. Ltd., Class A |
Banks | 6,000 | 27,152 | |||||||||
China Merchants Bank Co. Ltd., Class H |
Banks | 15,500 | 64,717 | |||||||||
China Merchants Energy Shipping Co. Ltd., Class A |
Oil, Gas & Consumable Fuels | 3,000 | 2,648 | |||||||||
China Merchants Expressway Network & Technology Holdings Co. Ltd., Class A |
Transportation Infrastructure | 600 | 795 | |||||||||
China Merchants Port Holdings Co. Ltd. |
Transportation Infrastructure | 5,100 | 6,349 | |||||||||
China Merchants Property Operation & Service Co. Ltd., Class A |
Real Estate Management & Development | 400 | 792 | |||||||||
China Merchants Securities Co. Ltd., Class A |
Capital Markets | 2,220 | 4,260 | |||||||||
b |
China Merchants Securities Co. Ltd., Class H |
Capital Markets | 2,000 | 1,752 | ||||||||
China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A |
Real Estate Management & Development | 2,200 | 3,741 | |||||||||
China Minsheng Banking Corp. Ltd., Class A |
Banks | 10,600 | 5,587 | |||||||||
China Minsheng Banking Corp. Ltd., Class H |
Banks | 27,000 | 9,239 | |||||||||
China National Accord Medicines Corp. Ltd., Class B |
Health Care Providers & Services | 420 | 744 | |||||||||
China National Building Material Co. Ltd., Class H |
Construction Materials | 19,500 | 10,233 | |||||||||
China National Chemical Engineering Co. Ltd., Class A |
Construction & Engineering | 1,800 | 1,922 | |||||||||
China National Nuclear Power Co. Ltd., Class A |
Independent Power Producers & Energy Traders | 5,000 | 5,010 | |||||||||
China National Software & Service Co. Ltd., Class A |
Software | 260 | 1,352 | |||||||||
a |
China Nonferrous Metal Industry’s Foreign Engineering & Construction Co. Ltd., Class A |
Metals & Mining | 600 | 395 | ||||||||
China Northern Rare Earth Group High-Tech Co. Ltd., Class A |
Metals & Mining | 1,200 | 3,589 | |||||||||
China Oilfield Services Ltd., Class A |
Energy Equipment & Services | 600 | 1,336 | |||||||||
China Oilfield Services Ltd., Class H |
Energy Equipment & Services | 8,000 | 9,602 | |||||||||
China Overseas Land & Investment Ltd., Class A |
Real Estate Management & Development | 15,000 | 31,104 | |||||||||
China Pacific Insurance Group Co. Ltd., Class A |
Insurance | 2,000 | 7,848 | |||||||||
China Pacific Insurance Group Co. Ltd., Class H |
Insurance | 10,600 | 26,528 | |||||||||
China Petroleum & Chemical Corp., Class A |
Oil, Gas & Consumable Fuels | 10,000 | 8,331 | |||||||||
China Petroleum & Chemical Corp., Class H |
Oil, Gas & Consumable Fuels | 98,000 | 53,556 | |||||||||
China Railway Group Ltd., Class A |
Construction & Engineering | 6,000 | 5,616 | |||||||||
China Railway Group Ltd., Class H |
Construction & Engineering | 15,000 | 7,738 | |||||||||
China Railway Signal & Communication Corp. Ltd., Class A |
Electronic Equipment, Instruments & Components | 2,000 | 1,449 | |||||||||
b |
China Railway Signal & Communication Corp. Ltd., Class H |
Electronic Equipment, Instruments & Components | 6,000 | 1,915 |
116 |
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FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||
Common Stocks (continued) |
||||||||||||
China (continued) |
||||||||||||
China Rare Earth Resources & Technology Co. Ltd., Class A |
Metals & Mining |
300 | $ | 1,185 | ||||||||
China Reinsurance Group Corp., Class H |
Insurance |
30,000 | 1,819 | |||||||||
China Resources Boya Bio-pharmaceutical Group Co. Ltd., Class A |
Biotechnology |
200 | 856 | |||||||||
China Resources Cement Holdings Ltd. |
Construction Materials |
8,000 | 2,053 | |||||||||
China Resources Double Crane Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals |
400 | 959 | |||||||||
China Resources Microelectronics Ltd., Class A |
Semiconductors & Semiconductor Equipment |
245 | 1,819 | |||||||||
b |
China Resources Mixc Lifestyle Services Ltd. |
Real Estate Management & Development | 2,400 | 9,684 | ||||||||
b |
China Resources Pharmaceutical Group Ltd., Class A |
Pharmaceuticals | 6,500 | 4,316 | ||||||||
China Resources Power Holdings Co. Ltd. |
Independent Power Producers & Energy Traders |
7,600 | 14,498 | |||||||||
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals |
300 | 2,064 | |||||||||
a,c |
China Ruyi Holdings Ltd. |
Entertainment | 16,000 | 4,147 | ||||||||
China Shenhua Energy Co. Ltd., Class A |
Oil, Gas & Consumable Fuels |
2,000 | 8,565 | |||||||||
China Shenhua Energy Co. Ltd., Class H |
Oil, Gas & Consumable Fuels |
13,770 | 44,658 | |||||||||
China South Publishing & Media Group Co. Ltd., Class A |
Media |
600 | 988 | |||||||||
a |
China Southern Airlines Co. Ltd., Class A |
Passenger Airlines | 3,600 | 3,024 | ||||||||
a |
China Southern Airlines Co. Ltd., Class H |
Passenger Airlines | 6,000 | 2,919 | ||||||||
China Southern Power Grid Energy Efficiency&Clean Energy Co. Ltd., Class A |
Commercial Services & Supplies |
1,000 | 791 | |||||||||
China State Construction Engineering Corp. Ltd., Class A |
Construction & Engineering |
12,600 | 9,564 | |||||||||
China Suntien Green Energy Corp. Ltd., Class H |
Oil, Gas & Consumable Fuels |
8,000 | 2,768 | |||||||||
China Taiping Insurance Holdings Co. Ltd. |
Insurance |
6,000 | 5,976 | |||||||||
China Three Gorges Renewables Group Co. Ltd., Class A |
Independent Power Producers & Energy Traders |
7,600 | 4,986 | |||||||||
China Tourism Group Duty Free Corp. Ltd., Class A |
Specialty Retail |
600 | 8,727 | |||||||||
b |
China Tourism Group Duty Free Corp. Ltd., Class H |
Specialty Retail | 400 | 5,307 | ||||||||
b |
China Tower Corp. Ltd., Class H |
Diversified Telecommunication Services | 192,000 | 18,386 | ||||||||
a |
China TransInfo Technology Co. Ltd., Class A |
IT Services | 400 | 656 | ||||||||
China Travel International Investment Hong Kong Ltd., Class A |
Hotels, Restaurants & Leisure |
12,000 | 2,298 | |||||||||
China United Network Communications Ltd., Class A |
Wireless Telecommunication Services |
8,400 | 5,661 | |||||||||
China Vanke Co. Ltd., Class A |
Real Estate Management & Development |
3,000 | 5,386 | |||||||||
China Vanke Co. Ltd., Class H |
Real Estate Management & Development |
9,000 | 9,929 | |||||||||
China Yangtze Power Co. Ltd., Class A |
Independent Power Producers & Energy Traders |
7,200 | 21,978 | |||||||||
China Zhenhua Group Science & Technology Co. Ltd., Class A |
Electronic Equipment, Instruments & Components |
200 | 2,223 | |||||||||
China Zheshang Bank Co. Ltd., Class A |
Banks |
2,850 | 1,001 | |||||||||
Chinalin Securities Co. Ltd., Class A |
Capital Markets |
400 | 775 | |||||||||
Chinese Universe Publishing & Media Group Co. Ltd., Class A |
Media |
400 | 688 | |||||||||
Chongqing Changan Automobile Co. Ltd., Class A |
Automobiles |
2,420 | 4,464 | |||||||||
Chongqing Changan Automobile Co. Ltd., Class B |
Automobiles |
7,338 | 3,382 | |||||||||
Chongqing Rural Commercial Bank Co. Ltd., Class A |
Banks |
1,600 | 878 | |||||||||
Chongqing Rural Commercial Bank Co. Ltd., Class H |
Banks |
9,000 | 3,321 |
franklintempleton.com |
Semiannual Report |
117 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||
Common Stocks (continued) |
||||||||||||
China (continued) |
||||||||||||
Chongqing Water Group Co. Ltd., Class A |
Water Utilities |
400 | $ | 305 | ||||||||
Chongqing Zhifei Biological Products Co. Ltd., Class A |
Biotechnology |
700 | 4,676 | |||||||||
Chow Tai Fook Jewellery Group Ltd., Class A |
Specialty Retail |
7,600 | 11,451 | |||||||||
CITIC Ltd., Class B |
Industrial Conglomerates |
20,000 | 18,386 | |||||||||
Citic Pacific Special Steel Group Co. Ltd., Class A |
Metals & Mining |
1,480 | 3,008 | |||||||||
CITIC Securities Co. Ltd., Class A |
Capital Markets |
3,495 | 10,390 | |||||||||
CITIC Securities Co. Ltd., Class H |
Capital Markets |
9,500 | 19,262 | |||||||||
CMOC Group Ltd., Class A |
Metals & Mining |
3,000 | 2,434 | |||||||||
CMOC Group Ltd., Class H |
Metals & Mining |
15,000 | 9,634 | |||||||||
CMST Development Co. Ltd., Class A |
Air Freight & Logistics |
400 | 291 | |||||||||
CNGR Advanced Material Co. Ltd., Class A |
Chemicals |
200 | 1,390 | |||||||||
CNOOC Energy Technology & Services Ltd., Class A |
Energy Equipment & Services |
2,200 | 987 | |||||||||
CNPC Capital Co. Ltd., Class A |
Banks |
1,200 | 1,090 | |||||||||
Contemporary Amperex Technology Co. Ltd., Class A |
Electrical Equipment |
1,240 | 34,555 | |||||||||
COSCO SHIPPING Development Co. Ltd., Class A |
Trading Companies & Distributors |
2,400 | 784 | |||||||||
COSCO SHIPPING Development Co. Ltd., Class H |
Trading Companies & Distributors |
16,000 | 1,737 | |||||||||
COSCO SHIPPING Energy Transportation Co. Ltd., Class A |
Oil, Gas & Consumable Fuels |
1,000 | 1,856 | |||||||||
COSCO SHIPPING Energy Transportation Co. Ltd., Class H |
Oil, Gas & Consumable Fuels |
6,000 | 6,558 | |||||||||
COSCO SHIPPING Holdings Co. Ltd., Class A |
Marine Transportation |
3,700 | 4,982 | |||||||||
COSCO SHIPPING Holdings Co. Ltd., Class H |
Marine Transportation |
12,450 | 12,765 | |||||||||
a |
Country Garden Holdings Co. Ltd. |
Real Estate Management & Development | 52,000 | 6,042 | ||||||||
Country Garden Services Holdings Co. Ltd. |
Real Estate Management & Development |
8,000 | 8,253 | |||||||||
CRRC Corp. Ltd., Class A |
Machinery |
7,000 | 5,611 | |||||||||
CRRC Corp. Ltd., Class H |
Machinery |
15,000 | 7,240 | |||||||||
CSC Financial Co. Ltd., Class A |
Capital Markets |
1,400 | 4,729 | |||||||||
b |
SC Financial Co. Ltd., Class H |
Capital Markets | 4,000 | 4,050 | ||||||||
CSG Holding Co. Ltd., Class A |
Construction Materials |
600 | 464 | |||||||||
CSG Holding Co. Ltd., Class B |
Construction Materials |
4,801 | 1,508 | |||||||||
CSPC Pharmaceutical Group Ltd. |
Pharmaceuticals |
34,000 | 24,919 | |||||||||
Daan Gene Co. Ltd., Class A |
Biotechnology |
712 | 955 | |||||||||
a,c |
Dada Nexus Ltd., Class A, ADR |
Consumer Staples Distribution & Retail | 294 | 1,308 | ||||||||
Daqin Railway Co. Ltd., Class A |
Ground Transportation |
4,600 | 4,603 | |||||||||
a |
Daqo New Energy Corp., ADR |
Semiconductors & Semiconductor Equipment | 211 | 6,387 | ||||||||
Datang International Power Generation Co. Ltd., Class A |
Independent Power Producers & Energy Traders |
2,400 | 876 | |||||||||
Datang International Power Generation Co. Ltd., Class H |
Independent Power Producers & Energy Traders |
12,000 | 1,869 | |||||||||
DHC Software Co. Ltd., Class A |
IT Services |
1,000 | 892 | |||||||||
Dian Diagnostics Group Co. Ltd., Class A |
Health Care Providers & Services |
200 | 645 | |||||||||
Dong-E-E-Jiao Co. Ltd., Class A |
Pharmaceuticals |
200 | 1,347 | |||||||||
Dongfang Electric Corp. Ltd., Class A |
Electrical Equipment |
800 | 1,717 | |||||||||
Dongfang Electric Corp. Ltd., Class H |
Electrical Equipment |
1,600 | 1,777 | |||||||||
Dongfeng Motor Group Co. Ltd., Class H |
Automobiles |
12,000 | 4,735 | |||||||||
Dongxing Securities Co. Ltd., Class A |
Capital Markets |
1,000 | 1,116 | |||||||||
a,b,c |
East Buy Holding Ltd. |
Diversified Consumer Services | 1,500 | 7,077 | ||||||||
East Group Co. Ltd., Class A |
Electrical Equipment |
1,200 | 1,015 | |||||||||
East Money Information Co. Ltd., Class A |
Capital Markets |
4,565 | 9,524 | |||||||||
Ecovacs Robotics Co. Ltd., Class A |
Household Durables |
200 | 1,331 | |||||||||
ENN Energy Holdings Ltd. |
Gas Utilities |
3,100 | 25,728 |
118 |
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FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||
Common Stocks (continued) |
||||||||||||
China (continued) |
||||||||||||
ENN Natural Gas Co. Ltd., Class A |
Gas Utilities |
800 | $ | 1,913 | ||||||||
Eoptolink Technology, Inc. Ltd., Class A |
Electronic Equipment, Instruments & Components |
200 | 1,263 | |||||||||
b |
ESR Group Ltd., Class H |
Real Estate Management & Development | 10,800 | 15,169 | ||||||||
Eternal Asia Supply Chain Management Ltd., Class A |
Commercial Services & Supplies |
800 | 486 | |||||||||
Eve Energy Co. Ltd., Class A |
Electrical Equipment |
580 | 3,592 | |||||||||
Everbright Securities Co. Ltd., Class A |
Capital Markets |
1,200 | 2,744 | |||||||||
b |
Everbright Securities Co. Ltd., Class H |
Capital Markets | 1,200 | 866 | ||||||||
a |
Fangda Carbon New Material Co. Ltd., Class A |
Electrical Equipment | 1,260 | 1,000 | ||||||||
a |
FAW Jiefang Group Co. Ltd. |
Machinery | 1,000 | 1,191 | ||||||||
Fiberhome Telecommunication Technologies Co. Ltd., Class A |
Communications Equipment |
400 | 1,073 | |||||||||
Financial Street Holdings Co. Ltd., Class A |
Real Estate Management & Development |
1,000 | 598 | |||||||||
First Capital Securities Co. Ltd., Class A |
Capital Markets |
1,200 | 970 | |||||||||
Flat Glass Group Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment |
200 | 777 | |||||||||
Flat Glass Group Co. Ltd., Class H |
Semiconductors & Semiconductor Equipment |
2,000 | 4,494 | |||||||||
Focus Media Information Technology Co. Ltd., Class A |
Media |
4,200 | 4,122 | |||||||||
Foshan Haitian Flavouring & Food Co. Ltd., Class A |
Food Products |
1,380 | 7,196 | |||||||||
Fosun International Ltd. |
Industrial Conglomerates |
9,000 | 5,688 | |||||||||
Founder Securities Co. Ltd., Class A |
Capital Markets |
1,200 | 1,219 | |||||||||
Foxconn Industrial Internet Co. Ltd., Class A |
Electronic Equipment, Instruments & Components |
3,600 | 9,734 | |||||||||
Fujian Funeng Co. Ltd., Class A |
Independent Power Producers & Energy Traders |
620 | 725 | |||||||||
Fujian Sunner Development Co. Ltd., Class A |
Food Products |
400 | 1,054 | |||||||||
a,c |
Full Truck Alliance Co. Ltd., ADR |
Ground Transportation | 2,694 | 18,966 | ||||||||
Fuyao Glass Industry Group Co. Ltd., Class A |
Automobile Components |
600 | 3,040 | |||||||||
b |
Fuyao Glass Industry Group Co. Ltd., Class H |
Automobile Components | 2,400 | 11,001 | ||||||||
Ganfeng Lithium Group Co. Ltd., Class A |
Chemicals |
500 | 3,061 | |||||||||
b |
Ganfeng Lithium Group Co. Ltd., Class H |
Chemicals | 1,600 | 6,568 | ||||||||
a |
GCL System Integration Technology Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 1,200 | 473 | ||||||||
GCL Technology Holdings Ltd. |
Semiconductors & Semiconductor Equipment |
84,000 | 15,659 | |||||||||
GD Power Development Co. Ltd., Class A |
Independent Power Producers & Energy Traders |
4,800 | 2,424 | |||||||||
a,c |
GDS Holdings Ltd., Class A |
IT Services | 4,000 | 5,516 | ||||||||
GEM Co. Ltd., Class A |
Metals & Mining |
1,600 | 1,337 | |||||||||
Gemdale Corp., Class A |
Real Estate Management & Development |
1,300 | 1,217 | |||||||||
a |
Genscript Biotech Corp. |
Life Sciences Tools & Services | 4,089 | 10,781 | ||||||||
GF Securities Co. Ltd., Class A |
Capital Markets |
1,900 | 3,826 | |||||||||
GF Securities Co. Ltd., Class H |
Capital Markets |
4,600 | 6,179 | |||||||||
a,b |
Giant Biogene Holding Co. Ltd. |
Personal Care Products | 1,200 | 5,202 | ||||||||
Giant Network Group Co. Ltd., Class A |
Entertainment |
600 | 1,066 | |||||||||
GigaDevice Semiconductor, Inc., Class A |
Semiconductors & Semiconductor Equipment |
200 | 2,707 | |||||||||
Ginlong Technologies Co. Ltd., Class A |
Electrical Equipment |
150 | 1,616 | |||||||||
Glarun Technology Co. Ltd., Class A |
Communications Equipment |
400 | 824 | |||||||||
GoerTek, Inc., Class A |
Electronic Equipment, Instruments & Components |
1,000 | 2,166 | |||||||||
Goldwind Science & Technology Co. Ltd., Class A |
Electrical Equipment |
1,000 | 1,267 | |||||||||
Goldwind Science & Technology Co. Ltd., Class H |
Electrical Equipment |
3,200 | 1,614 | |||||||||
a |
Gotion High-tech Co. Ltd., Class A |
Electrical Equipment | 600 | 1,911 | ||||||||
a |
Grandjoy Holdings Group Co. Ltd., Class A |
Real Estate Management & Development | 1,200 | 604 | ||||||||
Great Wall Motor Co. Ltd., Class A |
Automobiles |
800 | 2,819 | |||||||||
Great Wall Motor Co. Ltd., Class H |
Automobiles |
9,500 | 11,329 | |||||||||
Gree Electric Appliances, Inc. of Zhuhai, Class A |
Household Durables |
900 | 4,484 | |||||||||
Greentown China Holdings Ltd. |
Real Estate Management & Development |
3,500 | 3,633 | |||||||||
GRG Banking Equipment Co. Ltd., Class A |
Technology Hardware, Storage & Peripherals |
600 | 996 |
franklintempleton.com |
Semiannual Report |
119 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||
Common Stocks (continued) |
||||||||||||
China (continued) |
||||||||||||
Guangdong Baolihua New Energy Stock Co. Ltd., Class A |
Independent Power Producers & Energy Traders |
1,000 | $ | 740 | ||||||||
a |
Guangdong Electric Power Development Co. Ltd., Class A |
Independent Power Producers & Energy Traders | 1,000 | 819 | ||||||||
a |
Guangdong Electric Power Development Co. Ltd., Class B |
Independent Power Producers & Energy Traders | 3,600 | 1,039 | ||||||||
Guangdong Haid Group Co. Ltd., Class A |
Food Products |
500 | 3,105 | |||||||||
a |
Guangdong HEC Technology Holding Co. Ltd., Class A |
Metals & Mining | 600 | 547 | ||||||||
Guangdong Xinbao Electrical Appliances Holdings Co. Ltd., Class A |
Household Durables |
400 | 968 | |||||||||
Guanghui Energy Co. Ltd., Class A |
Oil, Gas & Consumable Fuels |
1,800 | 1,888 | |||||||||
a |
Guangshen Railway Co. Ltd., Class A |
Ground Transportation | 1,800 | 714 | ||||||||
a |
Guangshen Railway Co. Ltd., Class H |
Ground Transportation | 6,000 | 1,325 | ||||||||
Guangxi Guiguan Electric Power Co. Ltd., Class A |
Independent Power Producers & Energy Traders |
1,000 | 769 | |||||||||
Guangxi Liugong Machinery Co. Ltd., Class A |
Machinery |
600 | 591 | |||||||||
Guangzhou Automobile Group Co. Ltd., Class A |
Automobiles |
1,000 | 1,374 | |||||||||
Guangzhou Automobile Group Co. Ltd., Class H |
Automobiles |
14,000 | 6,918 | |||||||||
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class A |
Health Care Providers & Services |
400 | 1,725 | |||||||||
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class H |
Health Care Providers & Services |
1,000 | 2,879 | |||||||||
Guangzhou Haige Communications Group, Inc. Co., Class A |
Communications Equipment |
600 | 928 | |||||||||
Guangzhou Kingmed Diagnostics Group Co. Ltd., Class A |
Health Care Providers & Services |
200 | 1,712 | |||||||||
Guangzhou Tinci Materials Technology Co. Ltd., Class A |
Chemicals |
620 | 2,300 | |||||||||
Guangzhou Yuexiu Capital Holdings Group Co. Ltd., Class A |
Capital Markets |
380 | 349 | |||||||||
Guangzhou Zhujiang Brewery Co. Ltd., Class A |
Beverages |
400 | 478 | |||||||||
Guizhou Panjiang Refined Coal Co. Ltd., Class A |
Oil, Gas & Consumable Fuels |
600 | 508 | |||||||||
Guizhou Xinbang Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals |
600 | 395 | |||||||||
a |
Guolian Securities Co. Ltd., Class A |
Capital Markets | 600 | 873 | ||||||||
Guosen Securities Co. Ltd., Class A |
Capital Markets |
1,400 | 1,770 | |||||||||
a |
Guosheng Financial Holding, Inc., Class A |
Capital Markets | 700 | 904 | ||||||||
Guotai Junan Securities Co. Ltd., Class A |
Capital Markets |
2,200 | 4,390 | |||||||||
b |
Guotai Junan Securities Co. Ltd., Class H |
Capital Markets | 3,200 | 3,575 | ||||||||
Guoyuan Securities Co. Ltd., Class A |
Capital Markets |
1,420 | 1,319 | |||||||||
a,c |
H World Group Ltd., ADR |
Hotels, Restaurants & Leisure | 856 | 33,752 | ||||||||
b,c |
Haidilao International Holding Ltd. |
Hotels, Restaurants & Leisure | 6,200 | 16,624 | ||||||||
Haier Smart Home Co. Ltd., Class A |
Household Durables |
1,800 | 5,831 | |||||||||
Haier Smart Home Co. Ltd., Class H |
Household Durables |
9,600 | 30,215 | |||||||||
a |
Hainan Airlines Holding Co. Ltd., Class A |
Passenger Airlines | 6,000 | 1,219 | ||||||||
a |
Hainan Airport Infrastructure Co. Ltd., Class A |
Real Estate Management & Development | 1,800 | 981 | ||||||||
Haitian International Holdings Ltd. |
Machinery |
2,000 | 4,239 | |||||||||
Haitong Securities Co. Ltd., Class A |
Capital Markets |
2,800 | 3,824 | |||||||||
Haitong Securities Co. Ltd., Class H |
Capital Markets |
14,400 | 8,642 | |||||||||
Hang Zhou Great Star Industrial Co. Ltd., Class A |
Household Durables |
400 | 1,070 | |||||||||
Hangzhou Binjiang Real Estate Group Co. Ltd., Class A |
Real Estate Management & Development |
900 | 1,185 | |||||||||
Hangzhou First Applied Material Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment |
253 | 992 | |||||||||
Hangzhou Robam Appliances Co. Ltd., Class A |
Household Durables |
600 | 2,219 |
120 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||
Common Stocks (continued) |
||||||||||||
China (continued) |
||||||||||||
Hangzhou Silan Microelectronics Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment |
600 | $ | 2,006 | ||||||||
Hangzhou Tigermed Consulting Co. Ltd., Class A |
Life Sciences Tools & Services |
200 | 1,828 | |||||||||
b |
Hangzhou Tigermed Consulting Co. Ltd., Class H |
Life Sciences Tools & Services | 600 | 3,149 | ||||||||
Han’s Laser Technology Industry Group Co. Ltd., Class A |
Machinery |
600 | 1,901 | |||||||||
b |
Hansoh Pharmaceutical Group Co. Ltd. |
Pharmaceuticals | 3,000 | 4,083 | ||||||||
Haohua Chemical Science & Technology Co. Ltd., Class A |
Chemicals |
200 | 906 | |||||||||
Heilongjiang Agriculture Co. Ltd., Class A |
Food Products |
600 | 1,084 | |||||||||
Henan Shenhuo Coal & Power Co. Ltd., Class A |
Metals & Mining |
600 | 1,407 | |||||||||
Henan Shuanghui Investment & Development Co. Ltd., Class A |
Food Products |
900 | 3,260 | |||||||||
Hengan International Group Co. Ltd. |
Personal Care Products |
2,700 | 8,601 | |||||||||
Hengdian Group DMEGC Magnetics Co. Ltd., Class A |
Electronic Equipment, Instruments & Components |
600 | 1,346 | |||||||||
a |
Hengli Petrochemical Co. Ltd., Class A |
Chemicals | 1,060 | 2,095 | ||||||||
Hengtong Optic-electric Co. Ltd., Class A |
Communications Equipment |
600 | 1,163 | |||||||||
a |
Hengyi Petrochemical Co. Ltd., Class A |
Chemicals | 1,000 | 1,009 | ||||||||
Hesteel Co. Ltd., Class A |
Metals & Mining |
4,000 | 1,246 | |||||||||
Hisense Home Appliances Group Co. Ltd., Class H |
Household Durables |
2,000 | 5,120 | |||||||||
Hithink RoyalFlush Information Network Co. Ltd., Class A |
Capital Markets |
200 | 4,103 | |||||||||
a |
Holitech Technology Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 1,200 | 576 | ||||||||
a |
Hopson Development Holdings Ltd. |
Real Estate Management & Development | 4,318 | 2,608 | ||||||||
Hoshine Silicon Industry Co. Ltd., Class A |
Chemicals |
200 | 1,658 | |||||||||
Hoyuan Green Energy Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment |
195 | 1,121 | |||||||||
a,b |
Hua Hong Semiconductor Ltd. |
Semiconductors & Semiconductor Equipment | 2,000 | 5,066 | ||||||||
Huadian Power International Corp. Ltd., Class A |
Independent Power Producers & Energy Traders |
2,400 | 1,696 | |||||||||
Huadian Power International Corp. Ltd., Class H |
Independent Power Producers & Energy Traders |
6,000 | 2,482 | |||||||||
Huadong Medicine Co. Ltd., Class A |
Health Care Providers & Services |
600 | 3,479 | |||||||||
Huafon Chemical Co. Ltd., Class A |
Chemicals |
1,200 | 1,164 | |||||||||
Huagong Tech Co. Ltd., Class A |
Electronic Equipment, Instruments & Components |
300 | 1,386 | |||||||||
Huaibei Mining Holdings Co. Ltd., Class A |
Metals & Mining |
600 | 1,149 | |||||||||
Hualan Biological Engineering, Inc., Class A |
Biotechnology |
600 | 1,828 | |||||||||
Huaneng Lancang River Hydropower, Inc., Class A |
Independent Power Producers & Energy Traders |
1,800 | 1,833 | |||||||||
a |
Huaneng Power International, Inc., Class A |
Independent Power Producers & Energy Traders | 2,000 | 2,160 | ||||||||
a |
Huaneng Power International, Inc., Class H |
Independent Power Producers & Energy Traders | 18,000 | 8,734 | ||||||||
Huatai Securities Co. Ltd., Class A |
Capital Markets |
2,200 | 4,774 | |||||||||
b |
Huatai Securities Co. Ltd., Class H |
Capital Markets | 5,600 | 7,150 | ||||||||
Huaxi Securities Co. Ltd., Class A |
Capital Markets |
600 | 685 | |||||||||
Huaxia Bank Co. Ltd., Class A |
Banks |
4,800 | 3,768 | |||||||||
Huaxin Cement Co. Ltd., Class A |
Construction Materials |
400 | 822 | |||||||||
Huaxin Cement Co. Ltd., Class H |
Construction Materials |
1,200 | 1,230 | |||||||||
Huayu Automotive Systems Co. Ltd., Class A |
Automobile Components |
1,000 | 2,576 | |||||||||
Hubei Biocause Pharmaceutical Co. Ltd., Class A |
Insurance |
600 | 257 | |||||||||
Hubei Energy Group Co. Ltd., Class A |
Independent Power Producers & Energy Traders |
1,800 | 1,072 | |||||||||
Hubei Xingfa Chemicals Group Co. Ltd., Class A |
Chemicals |
400 | 1,085 | |||||||||
Huizhou Desay Sv Automotive Co. Ltd., Class A |
Automobile Components |
200 | 3,943 | |||||||||
Humanwell Healthcare Group Co. Ltd., Class A |
Pharmaceuticals |
500 | 1,660 | |||||||||
Hunan Gold Corp. Ltd., Class A |
Metals & Mining |
400 | 669 | |||||||||
Hunan Valin Steel Co. Ltd., Class A |
Metals & Mining |
2,200 | 1,806 | |||||||||
Hundsun Technologies, Inc., Class A |
Software |
576 | 2,565 | |||||||||
a |
HUTCHMED China Ltd. |
Pharmaceuticals | 2,000 | 6,806 | ||||||||
b,c |
Hygeia Healthcare Holdings Co. Ltd., Class C |
Health Care Providers & Services | 1,400 | 7,847 |
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FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||
Common Stocks (continued) |
||||||||||||
China (continued) |
||||||||||||
a |
Hytera Communications Corp. Ltd., Class A |
Communications Equipment | 400 | $ | 338 | |||||||
IEIT Systems Co. Ltd., Class A |
Technology Hardware, Storage & Peripherals |
400 | 2,065 | |||||||||
Iflytek Co. Ltd., Class A |
Software |
700 | 4,867 | |||||||||
Imeik Technology Development Co. Ltd., Class A |
Biotechnology |
100 | 5,357 | |||||||||
Industrial & Commercial Bank of China Ltd., Class A |
Banks |
21,600 | 13,875 | |||||||||
Industrial & Commercial Bank of China Ltd., Class H |
Banks |
318,000 | 153,075 | |||||||||
Industrial Bank Co. Ltd., Class A |
Banks |
6,000 | 13,415 | |||||||||
Industrial Securities Co. Ltd., Class A |
Capital Markets |
2,840 | 2,503 | |||||||||
Inmyshow Digital Technology Group Co. Ltd., Class A |
Media |
600 | 511 | |||||||||
a |
Inner Mongolia BaoTou Steel Union Co. Ltd., Class A |
Metals & Mining | 11,400 | 2,691 | ||||||||
Inner Mongolia Dian Tou Energy Corp. Ltd., Class A |
Oil, Gas & Consumable Fuels |
700 | 1,322 | |||||||||
Inner Mongolia ERDOS Resources Co. Ltd., Class B |
Metals & Mining |
2,540 | 2,040 | |||||||||
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd., Class A |
Chemicals |
2,400 | 1,347 | |||||||||
Inner Mongolia Yili Industrial Group Co. Ltd., Class A |
Food Products |
1,900 | 6,919 | |||||||||
a |
Inner Mongolia Yitai Coal Co. Ltd., Class B |
Oil, Gas & Consumable Fuels | 4,200 | 5,876 | ||||||||
Inner Mongolia Yuan Xing Energy Co. Ltd., Class A |
Chemicals |
1,200 | 1,164 | |||||||||
a,b |
Innovent Biologics, Inc., Class B |
Biotechnology | 5,500 | 26,861 | ||||||||
Intco Medical Technology Co. Ltd., Class A |
Health Care Equipment & Supplies |
180 | 552 | |||||||||
a,c |
iQIYI, Inc., ADR |
Entertainment | 1,788 | 8,475 | ||||||||
JA Solar Technology Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment |
936 | 3,286 | |||||||||
Jafron Biomedical Co. Ltd., Class A |
Health Care Equipment & Supplies |
200 | 618 | |||||||||
Jason Furniture Hangzhou Co. Ltd., Class A |
Household Durables |
400 | 2,223 | |||||||||
JCET Group Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment |
600 | 2,512 | |||||||||
a,b,c |
JD Health International, Inc. |
Consumer Staples Distribution & Retail | 4,200 | 21,773 | ||||||||
a,b,c |
JD Logistics, Inc. |
Air Freight & Logistics | 7,000 | 8,893 | ||||||||
c |
JD.com, Inc., Class A |
Broadline Retail | 9,300 | 136,677 | ||||||||
Jiangsu Eastern Shenghong Co. Ltd., Class A |
Chemicals |
1,200 | 1,902 | |||||||||
Jiangsu Expressway Co. Ltd., Class A |
Transportation Infrastructure |
400 | 570 | |||||||||
Jiangsu Expressway Co. Ltd., Class H |
Transportation Infrastructure |
4,000 | 3,611 | |||||||||
Jiangsu Hengli Hydraulic Co. Ltd., Class A |
Machinery |
496 | 4,350 | |||||||||
Jiangsu Hengrui Pharmaceuticals Co. Ltd., Class A |
Pharmaceuticals |
1,832 | 11,300 | |||||||||
Jiangsu King’s Luck Brewery JSC Ltd., Class A |
Beverages |
600 | 4,832 | |||||||||
Jiangsu Linyang Energy Co. Ltd., Class A |
Electrical Equipment |
600 | 590 | |||||||||
Jiangsu Pacific Quartz Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment |
100 | 1,464 | |||||||||
Jiangsu Phoenix Publishing & Media Corp. Ltd., Class A |
Media |
600 | 863 | |||||||||
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Class A |
Beverages |
600 | 10,656 | |||||||||
Jiangsu Yangnong Chemical Co. Ltd., Class A |
Chemicals |
130 | 1,231 | |||||||||
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., Class A |
Health Care Equipment & Supplies |
300 | 1,418 | |||||||||
Jiangsu Zhongtian Technology Co. Ltd., Class A |
Electrical Equipment |
1,000 | 2,038 | |||||||||
Jiangxi Copper Co. Ltd., Class A |
Metals & Mining |
600 | 1,586 | |||||||||
Jiangxi Copper Co. Ltd., Class H |
Metals & Mining |
5,000 | 7,840 | |||||||||
a |
Jiangxi Special Electric Motor Co. Ltd., Class A |
Electrical Equipment | 600 | 731 | ||||||||
Jilin Aodong Pharmaceutical Group Co. Ltd., Class A |
Pharmaceuticals |
400 | 948 |
122 |
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franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
a |
Jinke Smart Services Group Co. Ltd., Class H |
Real Estate Management & Development | 1,200 | $ | 1,508 | |||||||||
Jinko Solar Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 1,200 | 1,664 | |||||||||||
a,b,c |
Jinxin Fertility Group Ltd. |
Health Care Providers & Services | 6,500 | 3,104 | ||||||||||
b |
Jiumaojiu International Holdings Ltd. |
Hotels, Restaurants & Leisure | 3,600 | 4,900 | ||||||||||
Jizhong Energy Resources Co. Ltd., Class A |
Oil, Gas & Consumable Fuels | 1,000 | 925 | |||||||||||
Joincare Pharmaceutical Group Industry Co. Ltd., Class A |
Pharmaceuticals | 600 | 1,020 | |||||||||||
Joinn Laboratories China Co. Ltd., Class A |
Life Sciences Tools & Services | 196 | 641 | |||||||||||
b |
Joinn Laboratories China Co. Ltd., Class H |
Life Sciences Tools & Services | 688 | 1,221 | ||||||||||
Jointown Pharmaceutical Group Co. Ltd., Class A |
Health Care Providers & Services | 943 | 1,402 | |||||||||||
a |
Jonjee Hi-Tech Industrial & Commercial Holding Co. Ltd., Class A |
Food Products | 200 | 948 | ||||||||||
Joyoung Co. Ltd., Class A |
Household Durables | 400 | 781 | |||||||||||
c |
JOYY, Inc., ADR |
Interactive Media & Services | 132 | 5,031 | ||||||||||
a |
Juneyao Airlines Co. Ltd., Class A |
Passenger Airlines | 600 | 1,178 | ||||||||||
Kaishan Group Co. Ltd., Class A |
Machinery | 400 | 794 | |||||||||||
a,c |
Kanzhun Ltd., ADR |
Interactive Media & Services | 1,356 | 20,571 | ||||||||||
c |
KE Holdings, Inc., ADR |
Real Estate Management & Development | 2,616 | 40,600 | ||||||||||
Keda Industrial Group Co. Ltd. |
Machinery | 600 | 958 | |||||||||||
Kerry Logistics Network Ltd. |
Air Freight & Logistics | 1,500 | 1,341 | |||||||||||
Kingboard Holdings Ltd. |
Electronic Equipment, Instruments & Components | 3,000 | 6,734 | |||||||||||
a |
Kingdee International Software Group Co. Ltd. |
Software | 10,000 | 12,309 | ||||||||||
Kingnet Network Co. Ltd., Class A |
Entertainment | 600 | 1,038 | |||||||||||
a |
Kingsoft Cloud Holdings Ltd. |
IT Services | 8,000 | 2,646 | ||||||||||
c |
Kingsoft Corp. Ltd. |
Entertainment | 3,600 | 13,054 | ||||||||||
a,b,c |
Kuaishou Technology, Class B |
Interactive Media & Services | 10,500 | 84,262 | ||||||||||
Kuang-Chi Technologies Co. Ltd., Class A |
Aerospace & Defense | 600 | 1,189 | |||||||||||
a |
Kunlun Tech Co. Ltd., Class A |
Entertainment | 300 | 1,579 | ||||||||||
Kweichow Moutai Co. Ltd., Class A |
Beverages | 400 | 98,743 | |||||||||||
Lao Feng Xiang Co. Ltd., Class B |
Textiles, Apparel & Luxury Goods | 800 | 2,726 | |||||||||||
Laobaixing Pharmacy Chain JSC, Class A |
Consumer Staples Distribution & Retail | 130 | 456 | |||||||||||
LB Group Co. Ltd., Class A |
Chemicals | 800 | 2,017 | |||||||||||
Lee & Man Paper Manufacturing Ltd. |
Paper & Forest Products | 6,000 | 1,754 | |||||||||||
b |
Legend Holdings Corp., Class H |
Technology Hardware, Storage & Peripherals | 2,500 | 2,250 | ||||||||||
Lenovo Group Ltd. |
Technology Hardware, Storage & Peripherals | 31,000 | 31,943 | |||||||||||
Lens Technology Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 1,500 | 2,528 | |||||||||||
a |
Leo Group Co. Ltd., Class A |
Media | 1,800 | 561 | ||||||||||
Lepu Medical Technology Beijing Co. Ltd., Class A |
Health Care Equipment & Supplies | 600 | 1,353 | |||||||||||
Leyard Optoelectronic Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 600 | 538 | |||||||||||
a,c |
Li Auto, Inc., Class A |
Automobiles | 4,300 | 75,932 | ||||||||||
Li Ning Co. Ltd. |
Textiles, Apparel & Luxury Goods | 9,000 | 37,865 | |||||||||||
Liaoning Port Co. Ltd., Class A |
Transportation Infrastructure | 5,800 | 1,250 | |||||||||||
Lingyi iTech Guangdong Co., Class A |
Electronic Equipment, Instruments & Components | 2,400 | 1,884 | |||||||||||
Livzon Pharmaceutical Group, Inc., Class A |
Pharmaceuticals | 200 | 1,014 | |||||||||||
Livzon Pharmaceutical Group, Inc., Class H |
Pharmaceuticals | 700 | 2,293 | |||||||||||
b,c |
Longfor Group Holdings Ltd. |
Real Estate Management & Development | 8,000 | 14,382 | ||||||||||
LONGi Green Energy Technology Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 2,100 | 7,863 | |||||||||||
Longshine Technology Group Co. Ltd., Class A |
Software | 400 | 1,057 | |||||||||||
Luenmei Quantum Co. Ltd., Class A |
Water Utilities | 600 | 501 | |||||||||||
c |
Lufax Holding Ltd., ADR |
Consumer Finance | 2,928 | 3,104 | ||||||||||
Luxi Chemical Group Co. Ltd., Class A |
Chemicals | 600 | 932 | |||||||||||
Luxshare Precision Industry Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 2,000 | 8,186 | |||||||||||
a,b |
Luye Pharma Group Ltd. |
Pharmaceuticals | 8,000 | 3,585 | ||||||||||
Luzhou Laojiao Co. Ltd., Class A |
Beverages | 400 | 11,894 | |||||||||||
Maanshan Iron & Steel Co. Ltd., Class A |
Metals & Mining | 1,600 | 580 |
franklintempleton.com |
Semiannual Report |
123 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Maanshan Iron & Steel Co. Ltd., Class H |
Metals & Mining | 4,000 | $ | 659 | ||||||||||
Mango Excellent Media Co. Ltd., Class A |
Entertainment | 640 | 2,487 | |||||||||||
Maxscend Microelectronics Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 160 | 2,563 | |||||||||||
Meihua Holdings Group Co. Ltd., Class A |
Food Products | 1,200 | 1,584 | |||||||||||
a |
Meinian Onehealth Healthcare Holdings Co. Ltd., Class A |
Health Care Providers & Services | 1,320 | 1,232 | ||||||||||
a,c |
Meituan, Class B |
Hotels, Restaurants & Leisure | 21,600 | 316,063 | ||||||||||
Metallurgical Corp. of China Ltd., Class A |
Construction & Engineering | 4,800 | 2,418 | |||||||||||
Metallurgical Corp. of China Ltd., Class H |
Construction & Engineering | 13,000 | 2,739 | |||||||||||
a |
Microport Scientific Corp. |
Health Care Equipment & Supplies | 3,600 | 5,442 | ||||||||||
c |
Ming Yang Smart Energy Group Ltd., Class A |
Electrical Equipment | 600 | 1,300 | ||||||||||
a |
Ming Yuan Cloud Group Holdings Ltd. |
Software | 2,000 | 876 | ||||||||||
MINISO Group Holding Ltd., ADR |
Broadline Retail | 358 | 9,272 | |||||||||||
Minth Group Ltd. |
Automobile Components | 3,000 | 7,718 | |||||||||||
a |
MMG Ltd. |
Metals & Mining | 12,000 | 3,677 | ||||||||||
a |
MOG Digitech Holdings Ltd. |
Electronic Equipment, Instruments & Components | 2,000 | 3,749 | ||||||||||
Montage Technology Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 420 | 2,865 | |||||||||||
a |
Montnets Cloud Technology Group Co. Ltd., Class A |
Software | 400 | 802 | ||||||||||
Muyuan Foods Co. Ltd., Class A |
Food Products | 1,596 | 8,300 | |||||||||||
a |
NanJi E-Commerce Co. Ltd., Class A |
Media | 600 | 294 | ||||||||||
Nanjing Iron & Steel Co. Ltd., Class A |
Metals & Mining | 2,200 | 1,117 | |||||||||||
Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals | 420 | 732 | |||||||||||
NARI Technology Co. Ltd., Class A |
Electrical Equipment | 2,416 | 7,358 | |||||||||||
a |
National Silicon Industry Group Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 402 | 1,091 | ||||||||||
NAURA Technology Group Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 200 | 6,624 | |||||||||||
a |
NavInfo Co. Ltd., Class A |
Software | 600 | 834 | ||||||||||
c |
NetEase, Inc. |
Entertainment | 7,259 | 147,834 | ||||||||||
New China Life Insurance Co. Ltd., Class A |
Insurance | 600 | 3,033 | |||||||||||
New China Life Insurance Co. Ltd., Class H |
Insurance | 3,000 | 7,232 | |||||||||||
a |
New Hope Liuhe Co. Ltd., Class A |
Food Products | 1,200 | 1,812 | ||||||||||
a,c |
New Oriental Education & Technology Group, Inc. |
Diversified Consumer Services | 5,510 | 33,559 | ||||||||||
a |
Newland Digital Technology Co. Ltd., Class A |
Software | 400 | 1,046 | ||||||||||
Nexteer Automotive Group Ltd. |
Automobile Components | 3,000 | 1,636 | |||||||||||
a |
Nine Dragons Paper Holdings Ltd. |
Paper & Forest Products | 7,000 | 3,933 | ||||||||||
Ninestar Corp., Class A |
Technology Hardware, Storage & Peripherals | 600 | 2,130 | |||||||||||
Ningbo Deye Technology Co. Ltd., Class A |
Machinery | 272 | 2,891 | |||||||||||
Ningbo Joyson Electronic Corp., Class A |
Automobile Components | 600 | 1,434 | |||||||||||
Ningbo Orient Wires & Cables Co. Ltd., Class A |
Electrical Equipment | 200 | 1,093 | |||||||||||
Ningbo Ronbay New Energy Technology Co. Ltd., Class A |
Electrical Equipment | 125 | 720 | |||||||||||
Ningbo Sanxing Medical Electric Co. Ltd., Class A |
Electrical Equipment | 400 | 995 | |||||||||||
Ningbo Shanshan Co. Ltd., Class A |
Chemicals | 600 | 1,145 | |||||||||||
Ningbo Tuopu Group Co. Ltd., Class A |
Automobile Components | 300 | 3,052 | |||||||||||
Ningbo Zhoushan Port Co. Ltd., Class A |
Transportation Infrastructure | 2,100 | 994 | |||||||||||
Ningxia Baofeng Energy Group Co. Ltd., Class A |
Chemicals | 600 | 1,178 | |||||||||||
a,c |
NIO, Inc., Class A |
Automobiles | 4,800 | 43,790 | ||||||||||
b |
Nongfu Spring Co. Ltd., Class H |
Beverages | 7,200 | 41,370 | ||||||||||
North Huajin Chemical Industries Co. Ltd., Class A |
Chemicals | 400 | 323 | |||||||||||
North Industries Group Red Arrow Co. Ltd., Class A |
Machinery | 400 | 810 | |||||||||||
Northeast Securities Co. Ltd., Class A |
Capital Markets | 600 | 630 | |||||||||||
a |
Offcn Education Technology Co. Ltd., Class A |
Diversified Consumer Services | 600 | 309 |
124 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Offshore Oil Engineering Co. Ltd., Class A |
Energy Equipment & Services | 1,600 | $ | 1,423 | ||||||||||
a |
OFILM Group Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 1,200 | 1,054 | ||||||||||
Oppein Home Group, Inc., Class A |
Household Durables | 100 | 1,316 | |||||||||||
ORG Technology Co. Ltd., Class A |
Containers & Packaging | 600 | 384 | |||||||||||
Orient Securities Co. Ltd., Class A |
Capital Markets | 2,172 | 2,856 | |||||||||||
b |
Orient Securities Co. Ltd., Class H |
Capital Markets | 3,200 | 1,614 | ||||||||||
a |
Oriental Energy Co. Ltd., Class A |
Oil, Gas & Consumable Fuels | 600 | 824 | ||||||||||
a |
Ourpalm Co. Ltd., Class A |
Entertainment | 1,200 | 792 | ||||||||||
Ovctek China, Inc., Class A |
Health Care Equipment & Supplies | 200 | 705 | |||||||||||
a |
Pangang Group Vanadium Titanium & Resources Co. Ltd., Class A |
Metals & Mining | 2,400 | 1,212 | ||||||||||
a,c |
PDD Holdings, Inc., ADR |
Broadline Retail | 2,447 | 239,977 | ||||||||||
People.cn Co. Ltd., Class A |
Media | 300 | 1,579 | |||||||||||
People’s Insurance Co. Group of China Ltd., Class A |
Insurance | 3,000 | 2,429 | |||||||||||
People’s Insurance Co. Group of China Ltd., Class H |
Insurance | 32,000 | 11,481 | |||||||||||
Perfect World Co. Ltd., Class A |
Entertainment | 400 | 725 | |||||||||||
PetroChina Co. Ltd., Class A |
Oil, Gas & Consumable Fuels | 7,300 | 7,996 | |||||||||||
PetroChina Co. Ltd., Class H |
Oil, Gas & Consumable Fuels | 84,000 | 63,280 | |||||||||||
Pharmaron Beijing Co. Ltd., Class A |
Life Sciences Tools & Services | 225 | 960 | |||||||||||
b |
Pharmaron Beijing Co. Ltd., Class H |
Life Sciences Tools & Services | 1,300 | 3,094 | ||||||||||
PICC Property & Casualty Co. Ltd., Class H |
Insurance | 24,000 | 30,828 | |||||||||||
Ping An Bank Co. Ltd., Class A |
Banks | 5,400 | 8,301 | |||||||||||
a,b |
Ping An Healthcare & Technology Co. Ltd. |
Consumer Staples Distribution & Retail | 2,400 | 5,602 | ||||||||||
Ping An Insurance Group Co. of China Ltd., Class A |
Insurance | 3,100 | 20,551 | |||||||||||
c |
Ping An Insurance Group Co. of China Ltd., Class H |
Insurance | 25,200 | 144,311 | ||||||||||
Pingdingshan Tianan Coal Mining Co. Ltd., Class A |
Oil, Gas & Consumable Fuels | 700 | 991 | |||||||||||
Poly Developments & Holdings Group Co. Ltd., Class A |
Real Estate Management & Development | 3,600 | 6,295 | |||||||||||
Poly Property Services Co. Ltd., Class H |
Real Estate Management & Development | 600 | 2,425 | |||||||||||
b |
Pop Mart International Group Ltd. |
Specialty Retail | 2,800 | 8,276 | ||||||||||
Postal Savings Bank of China Co. Ltd., Class A |
Banks | 6,600 | 4,502 | |||||||||||
b |
Postal Savings Bank of China Co. Ltd., Class H |
Banks | 38,000 | 19,214 | ||||||||||
Power Construction Corp. of China Ltd., Class A |
Construction & Engineering | 4,800 | 3,525 | |||||||||||
c |
Qifu Technology, Inc., ADR |
Consumer Finance | 456 | 7,004 | ||||||||||
Qingdao Port International Co. Ltd., Class A |
Transportation Infrastructure | 400 | 349 | |||||||||||
Qingdao TGOOD Electric Co. Ltd., Class A |
Electrical Equipment | 400 | 1,003 | |||||||||||
a |
Qinghai Salt Lake Industry Co. Ltd., Class A |
Chemicals | 1,600 | 3,768 | ||||||||||
Raytron Technology Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 81 | 530 | |||||||||||
b |
Red Star Macalline Group Corp. Ltd., Class H |
Real Estate Management & Development | 3,200 | 1,066 | ||||||||||
a,b |
Remegen Co. Ltd., Class H |
Biotechnology | 500 | 2,573 | ||||||||||
a |
RiseSun Real Estate Development Co. Ltd., Class A |
Real Estate Management & Development | 1,200 | 336 | ||||||||||
a,c |
RLX Technology, Inc., ADR |
Tobacco | 3,396 | 5,128 | ||||||||||
Rongsheng Petrochemical Co. Ltd., Class A |
Chemicals | 750 | 1,226 | |||||||||||
SAIC Motor Corp. Ltd., Class A |
Automobiles | 2,400 | 4,875 | |||||||||||
Sailun Group Co. Ltd., Class A |
Automobile Components | 1,000 | 1,731 | |||||||||||
Sanan Optoelectronics Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 600 | 1,270 | |||||||||||
Sansteel Minguang Co. Ltd. Fujian, Class A |
Metals & Mining | 600 | 399 | |||||||||||
Sany Heavy Equipment International Holdings Co. Ltd. |
Machinery | 3,000 | 4,742 | |||||||||||
Sany Heavy Industry Co. Ltd., Class A |
Machinery | 2,400 | 5,234 | |||||||||||
Satellite Chemical Co. Ltd., Class A |
Chemicals | 1,013 | 2,131 |
franklintempleton.com |
Semiannual Report |
125 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
SDIC Capital Co. Ltd., Class A |
Capital Markets | 1,800 | $ | 1,702 | ||||||||||
SDIC Power Holdings Co. Ltd., Class A |
Independent Power Producers & Energy Traders | 1,200 | 1,939 | |||||||||||
Sealand Securities Co. Ltd., Class A |
Capital Markets | 1,280 | 655 | |||||||||||
a |
Seazen Group Ltd. |
Real Estate Management & Development | 12,000 | 2,191 | ||||||||||
a |
Seazen Holdings Co. Ltd., Class A |
Real Estate Management & Development | 700 | 1,273 | ||||||||||
a,b,c |
SenseTime Group, Inc., Class B |
Software | 63,000 | 11,503 | ||||||||||
a |
Seres Group Co. Ltd., Class A |
Automobiles | 300 | 2,294 | ||||||||||
SF Holding Co. Ltd., Class A |
Air Freight & Logistics | 1,400 | 7,840 | |||||||||||
SG Micro Corp., Class A |
Semiconductors & Semiconductor Equipment | 195 | 2,081 | |||||||||||
Shaanxi Coal Industry Co. Ltd., Class A |
Oil, Gas & Consumable Fuels | 3,000 | 7,601 | |||||||||||
Shaanxi International Trust Co. Ltd., Class A |
Capital Markets | 1,600 | 668 | |||||||||||
Shan Xi Hua Yang Group New Energy Co. Ltd., Class A |
Oil, Gas & Consumable Fuels | 950 | 1,098 | |||||||||||
a |
Shandong Chenming Paper Holdings Ltd., Class A |
Paper & Forest Products | 600 | 377 | ||||||||||
a |
Shandong Chenming Paper Holdings Ltd., Class B |
Paper & Forest Products | 3,000 | 663 | ||||||||||
a |
Shandong Chenming Paper Holdings Ltd., Class H |
Paper & Forest Products | 1,000 | 294 | ||||||||||
a |
Shandong Denghai Seeds Co. Ltd., Class A |
Food Products | 400 | 781 | ||||||||||
Shandong Gold Mining Co. Ltd., Class A |
Metals & Mining | 1,200 | 4,136 | |||||||||||
b |
Shandong Gold Mining Co. Ltd., Class H |
Metals & Mining | 3,000 | 5,677 | ||||||||||
Shandong Himile Mechanical Science & Technology Co. Ltd., Class A |
Machinery | 200 | 966 | |||||||||||
Shandong Hi-speed Co. Ltd., Class A |
Transportation Infrastructure | 1,000 | 983 | |||||||||||
Shandong Hualu Hengsheng Chemical Co. Ltd., Class A |
Chemicals | 600 | 2,644 | |||||||||||
a |
Shandong Humon Smelting Co. Ltd., Class A |
Metals & Mining | 400 | 665 | ||||||||||
Shandong Linglong Tyre Co. Ltd., Class A |
Automobile Components | 200 | 558 | |||||||||||
Shandong Nanshan Aluminum Co. Ltd., Class A |
Metals & Mining | 3,600 | 1,552 | |||||||||||
Shandong Pharmaceutical Glass Co. Ltd., Class A |
Health Care Equipment & Supplies | 200 | 765 | |||||||||||
Shandong Sun Paper Industry JSC Ltd., Class A |
Paper & Forest Products | 600 | 1,010 | |||||||||||
Shandong Weigao Group Medical Polymer Co. Ltd., Class H |
Health Care Equipment & Supplies | 9,400 | 8,258 | |||||||||||
Shanghai Aiko Solar Energy Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 600 | 1,837 | |||||||||||
Shanghai Bailian Group Co. Ltd., Class B |
Consumer Staples Distribution & Retail | 1,200 | 688 | |||||||||||
Shanghai Bairun Investment Holding Group Co. Ltd., Class A |
Beverages | 292 | 1,155 | |||||||||||
Shanghai Baosight Software Co. Ltd., Class A |
Software | 360 | 2,232 | |||||||||||
Shanghai Baosight Software Co. Ltd., Class B |
Software | 2,434 | 5,124 | |||||||||||
Shanghai Construction Group Co. Ltd., Class A |
Construction & Engineering | 2,200 | 830 | |||||||||||
Shanghai Dazhong Public Utilities Group Co. Ltd., Class A |
Gas Utilities | 600 | 269 | |||||||||||
a |
Shanghai Electric Group Co. Ltd., Class A |
Electrical Equipment | 2,400 | 1,542 | ||||||||||
a |
Shanghai Electric Group Co. Ltd., Class H |
Electrical Equipment | 12,000 | 2,804 | ||||||||||
Shanghai Electric Power Co. Ltd., Class A |
Independent Power Producers & Energy Traders | 1,000 | 1,217 | |||||||||||
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class A |
Pharmaceuticals | 600 | 2,355 | |||||||||||
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H |
Pharmaceuticals | 2,000 | 4,699 | |||||||||||
Shanghai Fudan Microelectronics Group Co. Ltd., Class H |
Semiconductors & Semiconductor Equipment | 1,000 | 2,145 | |||||||||||
Shanghai Huayi Group Co. Ltd., Class B |
Chemicals | 600 | 241 | |||||||||||
a |
Shanghai International Airport Co. Ltd., Class A |
Transportation Infrastructure | 700 | 3,640 | ||||||||||
Shanghai International Port Group Co. Ltd., Class A |
Transportation Infrastructure | 3,000 | 2,121 |
126 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Shanghai Jinjiang International Hotels Co. Ltd., Class A |
Hotels, Restaurants & Leisure | 300 | $ | 1,548 | ||||||||||
Shanghai Jinjiang International Hotels Co. Ltd., Class B |
Hotels, Restaurants & Leisure | 600 | 988 | |||||||||||
Shanghai Jinqiao Export Processing Zone Development Co. Ltd., Class B |
Real Estate Management & Development | 1,200 | 1,068 | |||||||||||
a |
Shanghai Junshi Biosciences Co. Ltd., Class A |
Biotechnology | 210 | 1,110 | ||||||||||
a,b |
Shanghai Junshi Biosciences Co. Ltd., Class H |
Biotechnology | 800 | 1,786 | ||||||||||
Shanghai Lingang Holdings Corp. Ltd., Class A |
Real Estate Management & Development | 620 | 968 | |||||||||||
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class A |
Real Estate Management & Development | 600 | 789 | |||||||||||
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class B |
Real Estate Management & Development | 4,600 | 1,868 | |||||||||||
Shanghai Mechanical & Electrical Industry Co. Ltd., Class B |
Machinery | 1,200 | 1,205 | |||||||||||
Shanghai Moons’ Electric Co. Ltd., Class A |
Electrical Equipment | 200 | 1,891 | |||||||||||
Shanghai Pharmaceuticals Holding Co. Ltd., Class A |
Health Care Providers & Services | 900 | 2,233 | |||||||||||
Shanghai Pharmaceuticals Holding Co. Ltd., Class H |
Health Care Providers & Services | 3,400 | 5,305 | |||||||||||
Shanghai Pudong Development Bank Co. Ltd., Class A |
Banks | 8,600 | 8,381 | |||||||||||
Shanghai Putailai New Energy Technology Co. Ltd., Class A |
Chemicals | 583 | 2,344 | |||||||||||
Shanghai RAAS Blood Products Co. Ltd., Class A |
Biotechnology | 2,100 | 2,006 | |||||||||||
Shanghai Rural Commercial Bank Co. Ltd., Class A |
Banks | 1,200 | 995 | |||||||||||
Shanghai Stonehill Technology Co. Ltd., Class A |
Software | 1,000 | 406 | |||||||||||
Shanghai Tunnel Engineering Co. Ltd., Class A |
Construction & Engineering | 1,200 | 965 | |||||||||||
Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd., Class B |
Trading Companies & Distributors | 1,200 | 875 | |||||||||||
Shanghai Yuyuan Tourist Mart Group Co. Ltd., Class A |
Specialty Retail | 1,200 | 1,225 | |||||||||||
Shanghai Zhangjiang High-Tech Park Development Co. Ltd., Class A |
Real Estate Management & Development | 600 | 1,935 | |||||||||||
a |
Shanghai Zhenhua Heavy Industries Co. Ltd., Class B |
Machinery | 4,200 | 903 | ||||||||||
a |
Shangri-La Asia Ltd. |
Hotels, Restaurants & Leisure | 4,000 | 2,738 | ||||||||||
Shanxi Coking Coal Energy Group Co. Ltd., Class A |
Oil, Gas & Consumable Fuels | 1,680 | 2,320 | |||||||||||
Shanxi Lu’an Environmental Energy Development Co. Ltd., Class A |
Oil, Gas & Consumable Fuels | 1,000 | 2,606 | |||||||||||
a |
Shanxi Meijin Energy Co. Ltd., Class A |
Metals & Mining | 1,200 | 1,156 | ||||||||||
Shanxi Securities Co. Ltd., Class A |
Capital Markets | 1,220 | 963 | |||||||||||
Shanxi Taigang Stainless Steel Co. Ltd., Class A |
Metals & Mining | 1,800 | 998 | |||||||||||
Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A |
Beverages | 300 | 9,862 | |||||||||||
a |
Shanying International Holding Co. Ltd., Class A |
Paper & Forest Products | 1,200 | 354 | ||||||||||
Shenghe Resources Holding Co. Ltd., Class A |
Metals & Mining | 600 | 895 | |||||||||||
Shengyi Technology Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 600 | 1,265 | |||||||||||
Shenwan Hongyuan Group Co. Ltd., Class A |
Capital Markets | 6,600 | 3,922 | |||||||||||
b |
Shenwan Hongyuan Group Co. Ltd., Class H |
Capital Markets | 8,000 | 1,512 | ||||||||||
Shenzhen Agricultural Products Group Co. Ltd., Class A |
Consumer Staples Distribution & Retail | 400 | 378 | |||||||||||
a |
Shenzhen Airport Co. Ltd., Class A |
Transportation Infrastructure | 600 | 560 |
franklintempleton.com |
Semiannual Report |
127 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Shenzhen Capchem Technology Co. Ltd., Class A |
Chemicals | 260 | $ | 1,564 | ||||||||||
Shenzhen Dynanonic Co. Ltd., Class A |
Chemicals | 80 | 841 | |||||||||||
Shenzhen Energy Group Co. Ltd., Class A |
Independent Power Producers & Energy Traders | 1,680 | 1,471 | |||||||||||
a |
Shenzhen Everwin Precision Technology Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 460 | 653 | ||||||||||
Shenzhen Expressway Corp. Ltd., Class H |
Transportation Infrastructure | 2,000 | 1,634 | |||||||||||
Shenzhen Gas Corp. Ltd., Class A |
Gas Utilities | 1,000 | 942 | |||||||||||
b |
Shenzhen Hepalink Pharmaceutical Group Co. Ltd., Class H |
Pharmaceuticals | 500 | 260 | ||||||||||
Shenzhen Inovance Technology Co. Ltd., Class A |
Machinery | 600 | 5,476 | |||||||||||
Shenzhen International Holdings Ltd. |
Transportation Infrastructure | 6,000 | 3,700 | |||||||||||
Shenzhen Investment Ltd. |
Real Estate Management & Development | 10,000 | 1,596 | |||||||||||
Shenzhen Kaifa Technology Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 600 | 1,417 | |||||||||||
a |
Shenzhen Kangtai Biological Products Co. Ltd., Class A |
Biotechnology | 280 | 1,125 | ||||||||||
Shenzhen Kingdom Sci-Tech Co. Ltd., Class A |
Software | 400 | 696 | |||||||||||
Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A |
Health Care Equipment & Supplies | 400 | 14,813 | |||||||||||
Shenzhen MTC Co. Ltd., Class A |
Household Durables | 1,800 | 1,238 | |||||||||||
a |
Shenzhen Overseas Chinese Town Co. Ltd., Class A |
Real Estate Management & Development | 2,400 | 1,393 | ||||||||||
Shenzhen Salubris Pharmaceuticals Co. Ltd., Class A |
Pharmaceuticals | 300 | 1,221 | |||||||||||
Shenzhen SC New Energy Technology Corp., Class A |
Semiconductors & Semiconductor Equipment | 100 | 1,042 | |||||||||||
Shenzhen SED Industry Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 600 | 1,843 | |||||||||||
Shenzhen Sunway Communication Co. Ltd., Class A |
Communications Equipment | 400 | 1,085 | |||||||||||
Shenzhen Transsion Holdings Co. Ltd., Class A |
Technology Hardware, Storage & Peripherals | 156 | 3,121 | |||||||||||
Shenzhen Yan Tian Port Holding Co. Ltd., Class A |
Transportation Infrastructure | 600 | 414 | |||||||||||
Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd., Class A |
Metals & Mining | 1,000 | 705 | |||||||||||
Shenzhou International Group Holdings Ltd. |
Textiles, Apparel & Luxury Goods | 3,100 | 29,686 | |||||||||||
a |
Shijiazhuang Changshan BeiMing Technology Co. Ltd., Class A |
Textiles, Apparel & Luxury Goods | 400 | 476 | ||||||||||
Shijiazhuang Yiling Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals | 520 | 1,674 | |||||||||||
Shui On Land Ltd. |
Real Estate Management & Development | 15,500 | 1,405 | |||||||||||
a |
Siasun Robot & Automation Co. Ltd., Class A |
Machinery | 400 | 683 | ||||||||||
Sichuan Chuantou Energy Co. Ltd., Class A |
Independent Power Producers & Energy Traders | 1,200 | 2,438 | |||||||||||
Sichuan Hebang Biotechnology Co. Ltd., Class A |
Chemicals | 3,000 | 964 | |||||||||||
Sichuan Kelun Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals | 400 | 1,600 | |||||||||||
a |
Sichuan New Energy Power Co. Ltd. |
Trading Companies & Distributors | 400 | 653 | ||||||||||
Sichuan Road & Bridge Group Co. Ltd., Class A |
Construction & Engineering | 2,220 | 2,642 | |||||||||||
Sichuan Swellfun Co. Ltd., Class A |
Beverages | 200 | 1,656 | |||||||||||
Sichuan Yahua Industrial Group Co. Ltd., Class A |
Chemicals | 400 | 822 | |||||||||||
Sieyuan Electric Co. Ltd., Class A |
Electrical Equipment | 200 | 1,419 | |||||||||||
Silergy Corp. |
Semiconductors & Semiconductor Equipment | 1,380 | 13,017 | |||||||||||
Sinoma International Engineering Co., Class A |
Construction & Engineering | 600 | 929 | |||||||||||
Sinoma Science & Technology Co. Ltd., Class A |
Chemicals | 600 | 1,693 | |||||||||||
Sinopec Engineering Group Co. Ltd., Class H |
Construction & Engineering | 6,500 | 2,930 | |||||||||||
a |
Sinopec Oilfield Service Corp., Class A |
Energy Equipment & Services | 1,000 | 292 | ||||||||||
a |
Sinopec Oilfield Service Corp., Class H |
Energy Equipment & Services | 12,000 | 950 | ||||||||||
a |
Sinopec Shanghai Petrochemical Co. Ltd., Class A |
Chemicals | 1,200 | 511 |
128 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
a |
Sinopec Shanghai Petrochemical Co. Ltd., Class H |
Chemicals | 16,000 | $ | 2,268 | |||||||||
Sinopharm Group Co. Ltd., Class H |
Health Care Providers & Services | 5,200 | 15,072 | |||||||||||
Sinotrans Ltd., Class A |
Air Freight & Logistics | 1,600 | 1,091 | |||||||||||
Sinotrans Ltd., Class H |
Air Freight & Logistics | 8,000 | 2,921 | |||||||||||
Sinotruk Hong Kong Ltd. |
Machinery | 3,000 | 5,776 | |||||||||||
SITC International Holdings Co. Ltd. |
Marine Transportation | 5,000 | 8,402 | |||||||||||
a |
Skshu Paint Co. Ltd., Class A |
Chemicals | 140 | 1,317 | ||||||||||
b |
Smoore International Holdings Ltd. |
Tobacco | 7,500 | 6,809 | ||||||||||
Songcheng Performance Development Co. Ltd., Class A |
Hotels, Restaurants & Leisure | 1,000 | 1,677 | |||||||||||
SooChow Securities Co. Ltd., Class A |
Capital Markets | 1,686 | 1,951 | |||||||||||
Southwest Securities Co. Ltd., Class A |
Capital Markets | 2,400 | 1,357 | |||||||||||
a |
Spring Airlines Co. Ltd., Class A |
Passenger Airlines | 200 | 1,502 | ||||||||||
StarPower Semiconductor Ltd., Class A |
Semiconductors & Semiconductor Equipment | 100 | 2,466 | |||||||||||
a |
STO Express Co. Ltd., Class A |
Air Freight & Logistics | 400 | 576 | ||||||||||
Sun Art Retail Group Ltd. |
Consumer Staples Distribution & Retail | 8,000 | 1,696 | |||||||||||
b |
Sunac Services Holdings Ltd. |
Real Estate Management & Development | 4,000 | 1,262 | ||||||||||
Sungrow Power Supply Co. Ltd., Class A |
Electrical Equipment | 600 | 7,371 | |||||||||||
Suning Universal Co. Ltd., Class A |
Real Estate Management & Development | 1,200 | 464 | |||||||||||
Sunny Optical Technology Group Co. Ltd. |
Electronic Equipment, Instruments & Components | 2,700 | 18,858 | |||||||||||
Sunresin New Materials Co. Ltd., Class A |
Chemicals | 200 | 1,603 | |||||||||||
Sunwoda Electronic Co. Ltd., Class A |
Electrical Equipment | 600 | 1,392 | |||||||||||
SUPCON Technology Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 208 | 1,365 | |||||||||||
Suzhou Dongshan Precision Manufacturing Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 600 | 1,428 | |||||||||||
Suzhou Gold Mantis Construction Decoration Co. Ltd., Class A |
Construction & Engineering | 600 | 374 | |||||||||||
Suzhou Maxwell Technologies Co. Ltd., Class A |
Electrical Equipment | 200 | 3,476 | |||||||||||
Suzhou TFC Optical Communication Co. Ltd., Class A |
Communications Equipment | 100 | 1,304 | |||||||||||
Taiji Computer Corp. Ltd., Class A |
IT Services | 200 | 840 | |||||||||||
a,c |
TAL Education Group, ADR |
Diversified Consumer Services | 1,775 | 16,170 | ||||||||||
Tangshan Jidong Cement Co. Ltd., Class A |
Construction Materials | 1,000 | 1,035 | |||||||||||
TangShan Port Group Co. Ltd., Class A |
Transportation Infrastructure | 1,200 | 608 | |||||||||||
Tangshan Sanyou Chemical Industries Co. Ltd., Class A |
Chemicals | 600 | 488 | |||||||||||
TBEA Co. Ltd., Class A |
Electrical Equipment | 1,420 | 2,888 | |||||||||||
a |
TCL Technology Group Corp., Class A |
Electronic Equipment, Instruments & Components | 5,360 | 3,002 | ||||||||||
TCL Zhonghuan Renewable Energy Technology Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 1,075 | 3,450 | |||||||||||
c |
Tencent Holdings Ltd. |
Interactive Media & Services | 25,200 | 985,238 | ||||||||||
a,c |
Tencent Music Entertainment Group, ADR |
Entertainment | 2,576 | 16,435 | ||||||||||
Thunder Software Technology Co. Ltd., Class A |
Software | 200 | 2,102 | |||||||||||
Tian Di Science & Technology Co. Ltd., Class A |
Machinery | 1,200 | 894 | |||||||||||
Tianjin Chase Sun Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals | 1,000 | 630 | |||||||||||
a |
Tianma Microelectronics Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 700 | 886 | ||||||||||
Tianqi Lithium Corp., Class A |
Chemicals | 400 | 3,016 | |||||||||||
Tianqi Lithium Corp., Class H |
Chemicals | 400 | 2,240 | |||||||||||
Tianshan Aluminum Group Co. Ltd., Class A |
Metals & Mining | 600 | 539 | |||||||||||
Tianshui Huatian Technology Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 1,000 | 1,233 | |||||||||||
Tingyi Cayman Islands Holding Corp. |
Food Products | 7,000 | 9,778 | |||||||||||
a |
Titan Wind Energy Suzhou Co. Ltd., Class A |
Electrical Equipment | 600 | 1,063 | ||||||||||
a,c |
Tongcheng Travel Holdings Ltd. |
Hotels, Restaurants & Leisure | 4,800 | 10,542 | ||||||||||
TongFu Microelectronics Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 600 | 1,579 | |||||||||||
a |
Tongkun Group Co. Ltd., Class A |
Chemicals | 600 | 1,215 |
franklintempleton.com |
Semiannual Report |
129 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Tongling Nonferrous Metals Group Co. Ltd., Class A |
Metals & Mining | 3,400 | $ | 1,489 | ||||||||||
Tongwei Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 1,300 | 5,756 | |||||||||||
a |
Topchoice Medical Corp., Class A |
Health Care Providers & Services | 100 | 1,211 | ||||||||||
a |
Topsec Technologies Group, Inc., Class A |
Software | 400 | 492 | ||||||||||
b |
Topsports International Holdings Ltd. |
Specialty Retail | 11,000 | 8,357 | ||||||||||
Towngas Smart Energy Co. Ltd. |
Gas Utilities | 5,000 | 2,203 | |||||||||||
TravelSky Technology Ltd., Class H |
Hotels, Restaurants & Leisure | 4,000 | 6,936 | |||||||||||
Trina Solar Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 738 | 3,097 | |||||||||||
a,c |
Trip.com Group Ltd. |
Hotels, Restaurants & Leisure | 2,100 | 74,864 | ||||||||||
Tsingtao Brewery Co. Ltd., Class A |
Beverages | 200 | 2,401 | |||||||||||
Tsingtao Brewery Co. Ltd., Class H |
Beverages | 2,496 | 20,429 | |||||||||||
a,c |
Tuya, Inc., ADR |
Software | 958 | 1,485 | ||||||||||
a |
Unigroup Guoxin Microelectronics Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 319 | 3,818 | ||||||||||
Uni-President China Holdings Ltd. |
Food Products | 5,000 | 3,511 | |||||||||||
a |
Unisplendour Corp. Ltd., Class A |
Electronic Equipment, Instruments & Components | 360 | 1,165 | ||||||||||
Valiant Co. Ltd., Class A |
Chemicals | 400 | 948 | |||||||||||
a,c |
Vipshop Holdings Ltd., ADR |
Broadline Retail | 1,242 | 19,884 | ||||||||||
Walvax Biotechnology Co. Ltd., Class A |
Biotechnology | 500 | 1,615 | |||||||||||
a |
Wanda Film Holding Co. Ltd., Class A |
Entertainment | 600 | 1,110 | ||||||||||
Wangsu Science & Technology Co. Ltd., Class A |
IT Services | 600 | 550 | |||||||||||
Wanhua Chemical Group Co. Ltd., Class A |
Chemicals | 900 | 10,910 | |||||||||||
Want Want China Holdings Ltd. |
Food Products | 18,000 | 11,744 | |||||||||||
Wanxiang Qianchao Co. Ltd., Class A |
Automobile Components | 1,200 | 856 | |||||||||||
c |
Weibo Corp., ADR |
Interactive Media & Services | 300 | 3,762 | ||||||||||
Weichai Power Co. Ltd., Class A |
Machinery | 1,800 | 3,096 | |||||||||||
Weichai Power Co. Ltd., Class H |
Machinery | 8,000 | 10,889 | |||||||||||
Weifu High-Technology Group Co. Ltd., Class A |
Automobile Components | 400 | 922 | |||||||||||
Weifu High-Technology Group Co. Ltd., Class B |
Automobile Components | 600 | 740 | |||||||||||
Weihai Guangwei Composites Co. Ltd., Class A |
Chemicals | 120 | 452 | |||||||||||
Wens Foodstuffs Group Co. Ltd., Class A |
Food Products | 600 | 1,431 | |||||||||||
Western Mining Co. Ltd., Class A |
Metals & Mining | 600 | 1,058 | |||||||||||
Western Securities Co. Ltd., Class A |
Capital Markets | 1,600 | 1,449 | |||||||||||
Western Superconducting Technologies Co. Ltd., Class A |
Metals & Mining | 120 | 754 | |||||||||||
Will Semiconductor Co. Ltd. Shanghai, Class A |
Semiconductors & Semiconductor Equipment | 300 | 3,832 | |||||||||||
a |
Wingtech Technology Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 300 | 1,797 | ||||||||||
Winning Health Technology Group Co. Ltd., Class A |
Health Care Technology | 600 | 600 | |||||||||||
Wolong Electric Group Co. Ltd., Class A |
Electrical Equipment | 400 | 660 | |||||||||||
Wuchan Zhongda Group Co. Ltd., Class A |
Distributors | 1,800 | 1,171 | |||||||||||
Wuhan Guide Infrared Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 1,354 | 1,416 | |||||||||||
Wuliangye Yibin Co. Ltd., Class A |
Beverages | 1,200 | 25,710 | |||||||||||
WUS Printed Circuit Kunshan Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 600 | 1,854 | |||||||||||
WuXi AppTec Co. Ltd., Class A |
Life Sciences Tools & Services | 800 | 9,463 | |||||||||||
b |
WuXi AppTec Co. Ltd., Class H |
Life Sciences Tools & Services | 1,400 | 16,759 | ||||||||||
a,b |
Wuxi Biologics Cayman, Inc. |
Life Sciences Tools & Services | 14,366 | 83,736 | ||||||||||
XCMG Construction Machinery Co. Ltd., Class A |
Machinery | 3,600 | 3,148 | |||||||||||
Xiamen C & D, Inc., Class A |
Trading Companies & Distributors | 1,000 | 1,362 | |||||||||||
Xiamen Faratronic Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 100 | 1,330 | |||||||||||
Xiamen ITG Group Corp. Ltd., Class A |
Trading Companies & Distributors | 600 | 649 | |||||||||||
Xiamen Tungsten Co. Ltd., Class A |
Metals & Mining | 600 | 1,412 | |||||||||||
Xiangcai Co. Ltd., Class A |
Real Estate Management & Development | 600 | 645 | |||||||||||
a,b,c |
Xiaomi Corp., Class B |
Technology Hardware, Storage & Peripherals | 58,800 | 92,646 | ||||||||||
Xinhua Winshare Publishing & Media Co. Ltd., Class H |
Media | 2,000 | 1,576 |
130 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Xinjiang Daqo New Energy Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 210 | $ | 1,165 | ||||||||||
Xinjiang Tianshan Cement Co. Ltd., Class A |
Construction Materials | 600 | 641 | |||||||||||
Xinjiang Zhongtai Chemical Co. Ltd., Class A | Chemicals | 1,000 | 937 | |||||||||||
Xinxing Ductile Iron Pipes Co. Ltd., Class A | Metals & Mining | 1,600 | 907 | |||||||||||
Xinyi Solar Holdings Ltd. | Semiconductors & Semiconductor Equipment | 18,000 | 13,468 | |||||||||||
a,c | XPeng, Inc., Class A | Automobiles | 4,500 | 40,192 | ||||||||||
Xtep International Holdings Ltd. | Textiles, Apparel & Luxury Goods | 4,500 | 4,171 | |||||||||||
Xuji Electric Co. Ltd., Class A | Electrical Equipment | 400 | 1,065 | |||||||||||
b | Yadea Group Holdings Ltd. | Automobiles | 4,200 | 7,797 | ||||||||||
a,d | Yango Group Co. Ltd., Class A | Real Estate Management & Development | 2,100 | — | ||||||||||
b | Yangtze Optical Fibre & Cable Joint Stock Co. Ltd., Class H | Communications Equipment | 1,000 | 1,374 | ||||||||||
Yangzhou Yangjie Electronic Technology Co. Ltd., Class A | Semiconductors & Semiconductor Equipment | 200 | 960 | |||||||||||
Yangzijiang Shipbuilding Holdings Ltd. | Machinery | 10,800 | 13,135 | |||||||||||
Yankuang Energy Group Co. Ltd., Class A | Oil, Gas & Consumable Fuels | 650 | 1,807 | |||||||||||
Yankuang Energy Group Co. Ltd., Class H | Oil, Gas & Consumable Fuels | 9,000 | 17,007 | |||||||||||
Yantai Changyu Pioneer Wine Co. Ltd., Class B | Beverages | 1,000 | 1,249 | |||||||||||
Yantai Eddie Precision Machinery Co. Ltd., Class A | Machinery | 240 | 584 | |||||||||||
Yantai Jereh Oilfield Services Group Co. Ltd., Class A | Energy Equipment & Services | 200 | 875 | |||||||||||
Yealink Network Technology Corp. Ltd., Class A | Communications Equipment | 420 | 2,055 | |||||||||||
a | Yifan Pharmaceutical Co. Ltd., Class A | Pharmaceuticals | 400 | 753 | ||||||||||
Yifeng Pharmacy Chain Co. Ltd., Class A | Consumer Staples Distribution & Retail | 264 | 1,271 | |||||||||||
Yihai International Holding Ltd. | Food Products | 2,000 | 3,447 | |||||||||||
Yihai Kerry Arawana Holdings Co. Ltd., Class A | Food Products | 600 | 2,831 | |||||||||||
Yintai Gold Co. Ltd., Class A | Metals & Mining | 900 | 1,758 | |||||||||||
Yonfer Agricultural Technology Co. Ltd., Class A | Chemicals | 400 | 586 | |||||||||||
YongXing Special Materials Technology Co. Ltd., Class A | Metals & Mining | 130 | 810 | |||||||||||
Yonyou Network Technology Co. Ltd., Class A | Software | 980 | 2,236 | |||||||||||
Youngor Group Co. Ltd., Class A | Real Estate Management & Development | 1,600 | 1,561 | |||||||||||
YTO Express Group Co. Ltd., Class A | Air Freight & Logistics | 800 | 1,650 | |||||||||||
a | Yuan Longping High-tech Agriculture Co. Ltd., Class A | Food Products | 400 | 824 | ||||||||||
Yuexiu Property Co. Ltd. | Real Estate Management & Development | 6,000 | 6,918 | |||||||||||
Yum China Holdings, Inc. | Hotels, Restaurants & Leisure | 1,635 | 92,231 | |||||||||||
Yunda Holding Co. Ltd., Class A | Air Freight & Logistics | 400 | 541 | |||||||||||
Yunnan Aluminium Co. Ltd., Class A | Metals & Mining | 1,000 | 2,073 | |||||||||||
Yunnan Baiyao Group Co. Ltd., Class A | Pharmaceuticals | 500 | 3,658 | |||||||||||
Yunnan Copper Co. Ltd., Class A | Metals & Mining | 600 | 969 | |||||||||||
Yunnan Energy New Material Co. Ltd., Class A | Chemicals | 400 | 3,289 | |||||||||||
Yunnan Tin Co. Ltd., Class A | Metals & Mining | 700 | 1,377 | |||||||||||
Yunnan Yuntianhua Co. Ltd., Class A | Chemicals | 600 | 1,407 | |||||||||||
a | Zai Lab Ltd. | Biotechnology | 3,900 | 9,431 | ||||||||||
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class A | Pharmaceuticals | 200 | 7,555 | |||||||||||
Zhaojin Mining Industry Co. Ltd., Class H | Metals & Mining | 4,000 | 5,577 | |||||||||||
Zhefu Holding Group Co. Ltd., Class A | Electrical Equipment | 1,800 | 959 | |||||||||||
a | Zhejiang Century Huatong Group Co. Ltd., Class A | Entertainment | 2,400 | 1,591 | ||||||||||
Zhejiang China Commodities City Group Co. Ltd., Class A | Real Estate Management & Development | 1,800 | 2,233 | |||||||||||
Zhejiang Chint Electrics Co. Ltd., Class A | Electrical Equipment | 300 | 959 | |||||||||||
Zhejiang Crystal-Optech Co. Ltd., Class A | Electronic Equipment, Instruments & Components | 680 | 1,042 | |||||||||||
Zhejiang Dahua Technology Co. Ltd., Class A | Electronic Equipment, Instruments & Components | 1,000 | 3,057 |
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Semiannual Report |
131 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Zhejiang Expressway Co. Ltd., Class H |
Transportation Infrastructure | 4,000 | $ | 2,983 | ||||||||||
Zhejiang Hailiang Co. Ltd., Class A |
Metals & Mining | 400 | 646 | |||||||||||
Zhejiang Hisoar Pharmaceutical Co. Ltd., Class A . |
Pharmaceuticals | 400 | 472 | |||||||||||
Zhejiang Huace Film & Television Co. Ltd., Class A |
Entertainment | 400 | 317 | |||||||||||
Zhejiang Huahai Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals | 400 | 931 | |||||||||||
Zhejiang Huayou Cobalt Co. Ltd., Class A |
Metals & Mining | 500 | 2,574 | |||||||||||
Zhejiang Jingsheng Mechanical & Electrical Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 400 | 2,619 | |||||||||||
Zhejiang Jiuzhou Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals | 200 | 796 | |||||||||||
Zhejiang Juhua Co. Ltd., Class A |
Chemicals | 800 | 1,671 | |||||||||||
a,b |
Zhejiang Leapmotor Technologies Ltd. |
Automobiles | 600 | 2,666 | ||||||||||
Zhejiang Medicine Co. Ltd., Class A |
Pharmaceuticals | 400 | 613 | |||||||||||
Zhejiang NHU Co. Ltd., Class A |
Pharmaceuticals | 944 | 2,104 | |||||||||||
Zhejiang Sanhua Intelligent Controls Co. Ltd., Class A |
Machinery | 600 | 2,446 | |||||||||||
a |
Zhejiang Wanliyang Co. Ltd., Class A |
Machinery | 400 | 473 | ||||||||||
Zhejiang Weiming Environment Protection Co. Ltd., Class A |
Commercial Services & Supplies | 120 | 292 | |||||||||||
Zhejiang Weixing New Building Materials Co. Ltd., Class A |
Building Products | 600 | 1,503 | |||||||||||
Zhejiang Wolwo Bio-Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals | 200 | 817 | |||||||||||
Zhejiang Yongtai Technology Co. Ltd., Class A |
Chemicals | 400 | 703 | |||||||||||
a |
Zhejiang Zheneng Electric Power Co. Ltd., Class A |
Independent Power Producers & Energy Traders | 1,800 | 1,050 | ||||||||||
Zhengzhou Coal Mining Machinery Group Co. Ltd., Class A |
Machinery | 600 | 1,077 | |||||||||||
Zheshang Securities Co. Ltd., Class A |
Capital Markets | 400 | 553 | |||||||||||
a,b |
ZhongAn Online P&C Insurance Co. Ltd., Class H |
Insurance | 3,000 | 8,848 | ||||||||||
Zhongji Innolight Co. Ltd., Class A |
Communications Equipment | 200 | 3,179 | |||||||||||
Zhongjin Gold Corp. Ltd., Class A |
Metals & Mining | 600 | 901 | |||||||||||
Zhongshan Public Utilities Group Co. Ltd., Class A |
Water Utilities | 600 | 618 | |||||||||||
Zhongsheng Group Holdings Ltd. |
Specialty Retail | 2,500 | 7,039 | |||||||||||
Zhongtai Securities Co. Ltd., Class A |
Capital Markets | 700 | 682 | |||||||||||
Zhuhai Huafa Properties Co. Ltd., Class A |
Real Estate Management & Development | 600 | 789 | |||||||||||
Zhuzhou CRRC Times Electric Co. Ltd., Class A . |
Machinery | 144 | 786 | |||||||||||
Zhuzhou CRRC Times Electric Co. Ltd., Class H . |
Machinery | 2,200 | 7,613 | |||||||||||
Zhuzhou Kibing Group Co. Ltd., Class A |
Building Products | 600 | 675 | |||||||||||
Zijin Mining Group Co. Ltd., Class A |
Metals & Mining | 6,000 | 9,989 | |||||||||||
Zijin Mining Group Co. Ltd., Class H |
Metals & Mining | 24,000 | 36,712 | |||||||||||
Zoomlion Heavy Industry Science & Technology Co. Ltd., Class A |
Machinery | 2,400 | 2,256 | |||||||||||
Zoomlion Heavy Industry Science & Technology |
||||||||||||||
Co. Ltd., Class H |
Machinery | 6,800 | 3,699 | |||||||||||
ZTE Corp., Class A |
Communications Equipment | 1,200 | 5,383 | |||||||||||
ZTE Corp., Class H |
Communications Equipment | 2,800 | 8,455 | |||||||||||
|
|
|||||||||||||
8,042,283 | ||||||||||||||
|
|
|||||||||||||
Hong Kong 6.2% | ||||||||||||||
AIA Group Ltd. |
Insurance | 46,800 | 381,542 | |||||||||||
a |
Alibaba Health Information Technology Ltd.., Class A |
Consumer Staples Distribution & Retail | 24,000 | 14,954 | ||||||||||
a |
Alibaba Pictures Group Ltd., Class A |
Entertainment | 60,000 | 4,750 |
132 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Hong Kong (continued) | ||||||||||||||
ASMPT Ltd., Class A |
Semiconductors & Semiconductor Equipment | 1,200 | $ | 10,741 | ||||||||||
Bank of East Asia Ltd., Class A |
Banks | 3,600 | 4,468 | |||||||||||
Beijing Enterprises Water Group Ltd., Class A |
Water Utilities | 16,000 | 3,493 | |||||||||||
Bosideng International Holdings Ltd., Class A |
Textiles, Apparel & Luxury Goods | 14,000 | 6,024 | |||||||||||
Cafe de Coral Holdings Ltd., Class A |
Hotels, Restaurants & Leisure | 2,000 | 2,163 | |||||||||||
a |
Cathay Pacific Airways Ltd., Class A |
Passenger Airlines | 4,000 | 4,106 | ||||||||||
Champion REIT, Class A |
Office REITs | 8,000 | 2,635 | |||||||||||
China Everbright Environment Group Ltd., Class B |
Commercial Services & Supplies | 14,000 | 4,826 | |||||||||||
China Everbright Ltd., Class A |
Capital Markets | 4,000 | 2,314 | |||||||||||
China Gas Holdings Ltd., Class A |
Gas Utilities | 12,000 | 11,323 | |||||||||||
China Mengniu Dairy Co. Ltd., Class B |
Food Products | 12,000 | 40,220 | |||||||||||
China Power International Development Ltd., Class H |
Independent Power Producers & Energy Traders | 20,000 | 7,278 | |||||||||||
China Resources Beer Holdings Co. Ltd., Class A . |
Beverages | 6,474 | 35,504 | |||||||||||
China Resources Gas Group Ltd., Class A |
Gas Utilities | 3,700 | 10,842 | |||||||||||
China Resources Land Ltd., Class H |
Real Estate Management & Development | 11,100 | 44,219 | |||||||||||
China State Construction International Holdings |
||||||||||||||
Ltd., Class A |
Construction & Engineering | 8,000 | 8,417 | |||||||||||
China Traditional Chinese Mledicine Holdings Co. Ltd |
Pharmaceuticals | 10,000 | 4,660 | |||||||||||
CK Asset Holdings Ltd |
Real Estate Management & Development | 7,900 | 41,609 | |||||||||||
CK Infrastructure Holdings Ltd., Class A |
Electric Utilities | 2,400 | 11,354 | |||||||||||
CLP Holdings Ltd |
Electric Utilities | 6,600 | 48,835 | |||||||||||
COSCO SHIPPING Ports Ltd., Class B |
Transportation Infrastructure | 6,000 | 3,922 | |||||||||||
Dah Sing Banking Group Ltd., Class A |
Banks | 800 | 529 | |||||||||||
Dah Sing Financial Holdings Ltd., Class H |
Banks | 800 | 1,692 | |||||||||||
DFI Retail Group Holdings Ltd., Class A |
Consumer Staples Distribution & Retail | 1,300 | 3,458 | |||||||||||
Far East Horizon Ltd. |
Financial Services | 6,000 | 4,321 | |||||||||||
Geely Automobile Holdings Ltd. |
Automobiles | 22,000 | 25,956 | |||||||||||
Guangdong Investment Ltd. |
Water Utilities | 12,000 | 9,163 | |||||||||||
Guotai Junan International Holdings Ltd. |
Capital Markets | 13,000 | 1,013 | |||||||||||
a |
Haitong International Securities Group Ltd. |
Capital Markets | 16,200 | 1,469 | ||||||||||
Hang Lung Group Ltd. |
Real Estate Management & Development | 4,000 | 5,639 | |||||||||||
Hang Lung Properties Ltd. |
Real Estate Management & Development | 8,000 | 10,950 | |||||||||||
Hang Seng Bank Ltd. |
Banks | 3,000 | 37,328 | |||||||||||
Henderson Land Development Co.. Ltd. |
Real Estate Management & Development | 5,000 | 13,183 | |||||||||||
Hong Kong & China Gas Co. Ltd. |
Gas Utilities | 45,000 | 31,372 | |||||||||||
Hong Kong Exchanges & Clearing Ltd. |
Capital Markets | 5,100 | 190,537 | |||||||||||
Hongkong Land Holdings Ltd. |
Real Estate Management & Development | 4,200 | 14,994 | |||||||||||
Huabao International Holdings Ltd. |
Chemicals | 6,000 | 2,053 | |||||||||||
Hutchison Port Holdings Trust |
Transportation Infrastructure | 22,600 | 3,887 | |||||||||||
Hutchison Telecommunications Hong Kong Holdings Ltd. |
Wireless Telecommunication Services | 6,000 | 820 | |||||||||||
Hysan Development Co. Ltd. |
Real Estate Management & Development | 3,000 | 5,815 | |||||||||||
Jardine Matheson Holdings Ltd. |
Industrial Conglomerates | 800 | 37,136 | |||||||||||
Johnson Electric Holdings Ltd. |
Automobile Components | 1,000 | 1,231 | |||||||||||
Kerry Properties Ltd. |
Real Estate Management & Development | 2,000 | 3,402 | |||||||||||
Kingboard Laminates Holdings Ltd. |
Electronic Equipment, Instruments & Components | 4,000 | 2,829 | |||||||||||
Kunlun Energy Co. Ltd. |
Gas Utilities | 12,000 | 10,342 | |||||||||||
Link REIT |
Retail REITs | 10,200 | 50,011 | |||||||||||
Man Wah Holdings Ltd. |
Household Durables | 5,600 | 3,933 | |||||||||||
a |
Melco International Development Ltd. |
Hotels, Restaurants & Leisure | 3,000 | 2,406 | ||||||||||
MTR Corp. Ltd. |
Ground Transportation | 6,000 | 23,749 | |||||||||||
New World Development Co. Ltd. |
Real Estate Management & Development | 6,000 | 11,675 | |||||||||||
NWS Holdings Ltd. |
Industrial Conglomerates | 6,000 | 6,834 | |||||||||||
Orient Overseas International Ltd. |
Marine Transportation | 600 | 8,006 |
franklintempleton.com |
Semiannual Report |
133 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Hong Kong (continued) | ||||||||||||||
PCCW Ltd. |
Diversified Telecommunication Services | 18,000 | $ | 8,205 | ||||||||||
Power Assets Holdings Ltd. |
Electric Utilities | 5,500 | 26,616 | |||||||||||
Shanghai Industrial Holdings Ltd. |
Industrial Conglomerates | 2,000 | 2,513 | |||||||||||
Shougang Fushan Resources Group Ltd. |
Metals & Mining | 8,000 | 2,717 | |||||||||||
Sino Biopharmaceutical Ltd. |
Pharmaceuticals | 40,000 | 14,454 | |||||||||||
Sino Land Co. Ltd. |
Real Estate Management & Development | 13,300 | 14,995 | |||||||||||
Sun Hung Kai Properties Ltd. |
Real Estate0 Management & Development | 6,000 | 64,199 | |||||||||||
a |
Super Hi International Holding Ltd. |
Hotels, Restaurants & Leisure | 520 | 1,027 | ||||||||||
Swire Pacific Ltd., Class A |
Real Estate Management & Development | 1,500 | 10,122 | |||||||||||
Swire Pacific Ltd., Class B |
Real Estate Management & Development | 2,500 | 2,732 | |||||||||||
Swire Properties Ltd. |
Real Estate Management & Development | 4,200 | 8,763 | |||||||||||
Techtronic Industries Co. Ltd. |
Machinery | 5,300 | 51,431 | |||||||||||
United Energy Group Ltd. |
Oil, Gas & Consumable Fuels | 32,000 | 4,699 | |||||||||||
Vinda International Holdings Ltd. |
Household Products | 1,000 | 2,403 | |||||||||||
Vitasoy International Holdings Ltd. |
Food Products | 3,000 | 3,631 | |||||||||||
VTech Holdings Ltd. |
Communications Equipment | 700 | 4,192 | |||||||||||
b WH Group Ltd. |
Food Products | 31,500 | 16,531 | |||||||||||
Wharf Holdings Ltd. |
Real Estate Management & Development | 3,286 | 8,240 | |||||||||||
Wharf Real Estate Investment Co. Ltd. |
Real Estate Management & Development | 6,000 | 23,175 | |||||||||||
Xinyi Glass Holdings Ltd. |
Building Products | 8,250 | 10,681 | |||||||||||
Yue Yuen Industrial Holdings Ltd. |
Textiles, Apparel & Luxury Goods | 3,000 | 3,447 | |||||||||||
|
|
|||||||||||||
1,520,705 | ||||||||||||||
|
|
|||||||||||||
India 19.6% | ||||||||||||||
3M India Ltd. |
Industrial Conglomerates | 12 | 4,596 | |||||||||||
Aarti Industries Ltd. |
Chemicals | 798 | 4,722 | |||||||||||
ABB India Ltd. |
Electrical Equipment | 216 | 10,660 | |||||||||||
ACC Ltd. |
Construction Materials | 312 | 7,560 | |||||||||||
a |
Adani Energy Solutions Ltd. |
Electric Utilities | 1,338 | 13,055 | ||||||||||
Adani Enterprises Ltd. |
Trading Companies & Distributors | 1,422 | 41,336 | |||||||||||
a |
Adani Green Energy Ltd. |
Independent Power Producers & Energy Traders | 1,674 | 19,900 | ||||||||||
Adani Ports & Special Economic Zone Ltd. |
Transportation Infrastructure | 3,378 | 33,566 | |||||||||||
a |
Adani Power Ltd. |
Independent Power Producers & Energy Traders | 3,936 | 17,890 | ||||||||||
Adani Total Gas Ltd. |
Gas Utilities | 1,140 | 8,419 | |||||||||||
a |
Adani Wilmar Ltd. |
Food Products | 660 | 2,682 | ||||||||||
a |
Aditya Birla Capital Ltd. |
Financial Services | 2,058 | 4,460 | ||||||||||
AIA Engineering Ltd. |
Machinery | 156 | 6,599 | |||||||||||
Alkem Laboratories Ltd. |
Pharmaceuticals | 108 | 4,690 | |||||||||||
Ambuja Cements Ltd. |
Co.nstruction Materials | 2,928 | 14,978 | |||||||||||
APL Apollo Tubes Ltd. |
Metals & Mining | 702 | 13,737 | |||||||||||
Apollo Hospitals Enterprise Ltd. |
Health Care Providers & Services | 402 | 24,872 | |||||||||||
Ashok Leyland Ltd. |
Machinery | 5,826 | 12,418 | |||||||||||
Asian Paints Ltd. |
Chemicals | 1,830 | 69,661 | |||||||||||
Astral Ltd. |
Building Products | 480 | 11,054 | |||||||||||
b |
AU Small Finance Bank Ltd. |
Banks | 1,344 | 11,548 | ||||||||||
Aurobindo Pharma Ltd. |
Pharmaceuticals | 1,080 | 11,892 | |||||||||||
a,b |
Avenue Supermarts Ltd. |
Consumer Staples Distribution & Retail | 606 | 26,823 | ||||||||||
Axis Bank Ltd. |
Banks | 9,186 | 114,679 | |||||||||||
Bajaj Auto Ltd. |
Automobiles | 270 | 16,464 | |||||||||||
Bajaj Finance Ltd. |
Consumer Finance | 990 | 93,118 | |||||||||||
Bajaj Finserv Ltd. |
Financial Services | 1,530 | 28,378 | |||||||||||
Bajaj Holdings & Investment Ltd. |
Financial Services | 108 | 9,245 | |||||||||||
Balkrishna Industries Ltd. |
Automobile Components | 336 | 10,349 | |||||||||||
b |
Bandhan Bank Ltd. |
Banks | 3,210 | 9,726 | ||||||||||
Bank of Baroda |
Banks | 4,212 | 10,852 | |||||||||||
Bank of India |
Banks | 2,058 | 2,711 | |||||||||||
Bata India Ltd. |
Textiles, Apparel & Luxury Goods | 264 | 5,113 | |||||||||||
Bayer CropScience Ltd. |
Chemicals | 54 | 3,473 |
134 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
India (continued)a Berger Paints India Ltd. | Chemicals | 206 | $1,414 | |||||||||||
Berger Paints India Ltd. |
Chemicals | 1,032 | 7,069 | |||||||||||
Bharat Electronics Ltd. |
Aerospace & Defense | 14,598 | 24,312 | |||||||||||
Bharat Forge Ltd. |
Automobile Components | 1,026 | 13,487 | |||||||||||
Bharat Heavy Electricals Ltd. |
Electrical Equipment | 5,154 | 8,131 | |||||||||||
Bharat Petroleum Corp.. Ltd. |
Oil, Gas & Consumable Fuels | 3,900 | 16,278 | |||||||||||
Bharti Airtel Ltd. |
Wireless Telecommunication Services | 630 | 4,049 | |||||||||||
Bharti Airtel Ltd. |
Wireless Telecommunication Services | 9,324 | 104,018 | |||||||||||
Biocon Ltd. |
Biotechnology | 1,890 | 6,195 | |||||||||||
Bosch Ltd. |
Automobile Components | 36 | 8,245 | |||||||||||
Britannia Industries Ltd. |
Food Products | 480 | 26,226 | |||||||||||
Canara Bank |
Banks | 1,476 | 6,688 | |||||||||||
Castrol India Ltd. |
Chemicals | 2,112 | 3,524 | |||||||||||
CG Power & Industrial Solutions Ltd. |
Electrical Equipment | 2,610 | 13,898 | |||||||||||
Cholamandalam Investment & Finance Co. Ltd. |
Consumer Finance | 1,626 | 23,840 | |||||||||||
Cipla Ltd. |
Pharmaceuticals | 2,070 | 29,568 | |||||||||||
Coal India Ltd. |
Oil, Gas & Consumable Fuels | 9,126 | 32,442 | |||||||||||
Coforge Ltd. |
IT Services | 234 | 14,384 | |||||||||||
Colgate-Palmolive India Ltd. |
Personal Care Products | 540 | 13,042 | |||||||||||
Container Corp. of India Ltd. |
Ground Transportation | 990 | 8,538 | |||||||||||
Coromandel International Ltd. |
Chemicals | 444 | 6,129 | |||||||||||
Cummins India Ltd. |
Machinery | 564 | 11,521 | |||||||||||
Dabur India Ltd. |
Personal Care Products | 2,358 | 15,663 | |||||||||||
Dalmia Bharat Ltd. |
Construction Materials | 282 | 8,165 | |||||||||||
Deepak Nitrite Ltd. |
Chemicals | 288 | 7,354 | |||||||||||
Divi’s Laboratories Ltd. |
Life Sciences Tools & Services | 516 | 23,396 | |||||||||||
Dixon Technologies India Ltd. |
Household Durables | 150 | 9,554 | |||||||||||
DLF Ltd. |
Real Estate Management & Development | 2,508 | 16,034 | |||||||||||
b |
Dr Lal PathLabs Ltd. |
Health Care Providers & Services | 150 | 4,560 | ||||||||||
Dr Reddy’s Laboratories Ltd. |
Pharmaceuticals | 492 | 33,102 | |||||||||||
Eicher Motors Ltd. |
Automobiles | 564 | 23,411 | |||||||||||
Emami Ltd. |
Personal Care Products | 846 | 5,486 | |||||||||||
Embassy Office Parks REIT |
Office REITs | 2,292 | 8,297 | |||||||||||
Exide Industries Ltd. |
Automobile Components | 1,884 | 5,912 | |||||||||||
Federal Bank Ltd. |
Banks | 7,044 | 12,486 | |||||||||||
a |
FSN E-Commerce Ventures Ltd. |
Specialty Retail | 5,562 | 10,261 | ||||||||||
GAIL India Ltd. |
Gas Utilities | 10,632 | 15,927 | |||||||||||
b |
General Insurance Corp. of India |
Insurance | 444 | 1,205 | ||||||||||
GlaxoSmithKline Pharmaceuticals Ltd. |
Pharmaceuticals | 174 | 3,244 | |||||||||||
Glenmark Pharmaceuticals Ltd. |
Pharmaceuticals | 606 | 6,243 | |||||||||||
a |
GMR Airports Infrastructure Ltd. |
Transportation Infrastructure | 10,194 | 7,310 | ||||||||||
a |
Godrej Consumer Products Ltd. |
Personal Care Products | 1,416 | 16,909 | ||||||||||
a |
Godrej Industries Ltd. |
Industrial Conglomerates | 270 | 1,852 | ||||||||||
a |
Godrej Properties Ltd. |
Real Estate Management & Development | 378 | 7,074 | ||||||||||
Grasim Industries Ltd. |
Construction Materials | 1,554 | 36,349 | |||||||||||
Gujarat Fluorochemicals Ltd. |
Chemicals | 150 | 5,509 | |||||||||||
Gujarat Gas Ltd. |
Gas Utilities | 606 | 3,086 | |||||||||||
Havells India Ltd. |
Electrical Equipment | 984 | 16,458 | |||||||||||
HCL Technologies Ltd. |
IT Services | 4,266 | 63,434 | |||||||||||
b |
HDFC Asset Management Co. Ltd. |
Capital Markets | 414 | 13,199 | ||||||||||
HDFC Bank Ltd. |
Banks | 15,300 | 281,214 | |||||||||||
b |
HDFC Life Insurance Co. Ltd. |
Insurance | 3,996 | 30,672 | ||||||||||
Hero MotoCorp Ltd. |
Automobiles | 510 | 18,776 | |||||||||||
Hindalco Industries Ltd. |
Metals & Mining | 5,712 | 33,887 | |||||||||||
Hindustan Aeronautics Ltd. |
Aerospace & Defense | 780 | 18,111 | |||||||||||
a |
Hindustan Petroleum Corp. Ltd. |
Oil, Gas & Consumable Fuels | 2,460 | 7,553 | ||||||||||
Hindustan Unilever Ltd. |
Personal Care Products | 3,582 | 106,354 |
franklintempleton.com |
Semiannual Report |
135 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
India (continued) | ||||||||||||||
Hindustan Zinc Ltd. |
Metals & Mining | 1,032 | $ | 3,836 | ||||||||||
Honeywell Automation India Ltd. |
Electronic Equipment, Instruments & Components | 9 | 4,319 | |||||||||||
ICICI Bank Ltd. |
Banks | 6,360 | 72,905 | |||||||||||
b |
ICICI Lombard General Insurance Co. Ltd. |
Insurance | 984 | 15,518 | ||||||||||
b |
ICICI Prudential Life Insurance Co. Ltd. |
Insurance | 1,560 | 10,637 | ||||||||||
a |
IDFC First Bank Ltd. |
Banks | 13,086 | 15,049 | ||||||||||
Indian Bank |
Banks | 810 | 4,131 | |||||||||||
Indian Hotels Co. Ltd. |
Hotels, Restaurants & Leisure | 3,366 | 16,664 | |||||||||||
Indian Oil Corp. Ltd. |
Oil, Gas & Consumable Fuels | 16,458 | 18,025 | |||||||||||
Indian Railway Catering & Tourism Corp. Ltd. |
Commercial Services & Supplies | 1,218 | 9,986 | |||||||||||
b |
Indian Railway Finance Corp. Ltd. |
Financial Services | 5,382 | 4,961 | ||||||||||
Indraprastha Gas Ltd. |
Gas Utilities | 1,416 | 7,756 | |||||||||||
a |
Indus Towers Ltd. |
Diversified Telecommunication Services | 3,402 | 7,853 | ||||||||||
Info Edge India Ltd. |
Interactive Media & Services | 318 | 15,951 | |||||||||||
Infosys Ltd. |
IT Services | 14,142 | 244,458 | |||||||||||
a,b |
InterGlobe Aviation Ltd. |
Passenger Airlines | 510 | 14,624 | ||||||||||
Ipca Laboratories Ltd. |
Pharmaceuticals | 558 | 6,287 | |||||||||||
ITC Ltd. |
Tobacco | 11,916 | 63,769 | |||||||||||
Jindal Steel & Power Ltd. |
Metals & Mining | 1,590 | 13,429 | |||||||||||
a |
Jio Financial Services Ltd. |
Financial Services | 13,626 | 37,937 | ||||||||||
JSW Energy Ltd. |
Independent Power Producers & Energy Traders | 1,590 | 8,375 | |||||||||||
JSW Steel Ltd. |
Metals & Mining | 4,062 | 38,134 | |||||||||||
Jubilant Foodworks Ltd. |
Hotels, Restaurants & Leisure | 1,476 | 9,475 | |||||||||||
Kansai Nerolac Paints Ltd. |
Chemicals | 864 | 3,303 | |||||||||||
Kotak Mahindra Bank Ltd. |
Banks | 408 | 8,528 | |||||||||||
L&T Finance Holdings Ltd. |
Financial Services | 3,414 | 5,472 | |||||||||||
b |
L&T Technology Services Ltd. |
Professional Services | 114 | 6,282 | ||||||||||
Larsen & Toubro Ltd. |
Construction & Engineering | 2,514 | 91,535 | |||||||||||
b |
Laurus Labs Ltd. |
Pharmaceuticals | 1,548 | 7,371 | ||||||||||
LIC Housing Finance Ltd. |
Financial Services | 1,218 | 6,811 | |||||||||||
Linde India Ltd. |
Chemicals | 90 | 6,453 | |||||||||||
b |
LTIMindtree Ltd. |
IT Services | 378 | 23,715 | ||||||||||
Lupin Ltd. |
Pharmaceuticals | 966 | 13,625 | |||||||||||
b |
Macrotech Developers Ltd. |
Real Estate Management & Development | 900 | 8,670 | ||||||||||
Mahindra & Mahindra Financial Services Ltd. |
Consumer Finance | 2,412 | 8,753 | |||||||||||
Mahindra & Mahindra Ltd. |
Automobiles | 3,810 | 71,310 | |||||||||||
a |
Mangalore Refinery & Petrochemicals Ltd. |
Oil, Gas & Consumable Fuels | 672 | 774 | ||||||||||
Marico Ltd. |
Food Products | 2,112 | 14,285 | |||||||||||
Maruti Suzuki India Ltd. |
Automobiles | 534 | 68,232 | |||||||||||
a |
Max Financial Services Ltd. |
Insurance | 936 | 10,254 | ||||||||||
Max Healthcare Institute Ltd. |
Health Care Providers & Services | 2,694 | 18,407 | |||||||||||
Mphasis Ltd. |
IT Services | 330 | 9,444 | |||||||||||
MRF Ltd. |
Automobile Components | 11 | 14,213 | |||||||||||
Muthoot Finance Ltd. |
Consumer Finance | 438 | 6,604 | |||||||||||
Nestle India Ltd. |
Food Products | 144 | 39,029 | |||||||||||
NHPC Ltd. |
Independent Power Producers & Energy Traders | 9,234 | 5,871 | |||||||||||
b |
Nippon Life India Asset Management Ltd. |
Capital Markets | 558 | 2,204 | ||||||||||
NMDC Ltd. |
Metals & Mining | 4,650 | 8,285 | |||||||||||
NTPC Ltd. |
Independent Power Producers & Energy Traders | 19,146 | 56,614 | |||||||||||
Oberoi Realty Ltd. |
Real Estate Management & Development | 462 | 6,422 | |||||||||||
Oil & Natural Gas Corp. Ltd. |
Oil, Gas & Consumable Fuels | 15,630 | 36,110 | |||||||||||
Oil India Ltd. |
Oil, Gas & Consumable Fuels | 1,284 | 4,621 | |||||||||||
a |
One 97 Communications Ltd. |
Financial Services | 1,326 | 13,696 | ||||||||||
Oracle Financial Services Software Ltd. |
Software | 96 | 4,752 | |||||||||||
Page Industries Ltd. |
Textiles, Apparel & Luxury Goods | 23 | 10,796 | |||||||||||
Patanjali Foods Ltd. |
Food Products | 360 | 5,372 | |||||||||||
a |
PB Fintech Ltd. |
Insurance | 1,266 | 11,667 |
136 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||
Common Stocks (continued) |
||||||||||||
India (continued) |
||||||||||||
Persistent Systems Ltd. |
IT Services | 204 | $ | 14,240 | ||||||||
Petronet LNG Ltd. |
Oil, Gas & Consumable Fuels | 2,982 | 8,617 | |||||||||
PI Industries Ltd. |
Chemicals | 312 | 12,974 | |||||||||
Pidilite Industries Ltd. |
Chemicals | 618 | 18,155 | |||||||||
Piramal Enterprises Ltd. |
Financial Services | 540 | 6,824 | |||||||||
Polycab India Ltd. |
Electrical Equipment | 198 | 12,740 | |||||||||
Power Finance Corp. Ltd. |
Financial Services | 4,710 | 14,287 | |||||||||
a |
Power Finance Corp. Ltd. |
Financial Services | 1,178 | 3,572 | ||||||||
Power Grid Corp. of India Ltd. |
Electric Utilities | 17,016 | 40,931 | |||||||||
Punjab National Bank |
Banks | 8,982 | 8,675 | |||||||||
a |
Rajesh Exports Ltd. |
Textiles, Apparel & Luxury Goods | 588 | 3,555 | ||||||||
b |
RBL Bank Ltd. |
Banks | 1,806 | 5,497 | ||||||||
REC Ltd. |
Financial Services | 5,082 | 17,588 | |||||||||
Relaxo Footwears Ltd. |
Textiles, Apparel & Luxury Goods | 312 | 3,384 | |||||||||
Reliance Industries Ltd. |
Oil, Gas & Consumable Fuels | 13,566 | 383,090 | |||||||||
Samvardhana Motherson International Ltd. |
Automobile Components | 8,646 | 9,995 | |||||||||
SBI Cards & Payment Services Ltd. |
Consumer Finance | 1,182 | 11,260 | |||||||||
b |
SBI Life Insurance Co. Ltd. |
Insurance | 1,704 | 26,787 | ||||||||
Schaeffler India Ltd. |
Machinery | 168 | 6,706 | |||||||||
Shree Cement Ltd. |
Construction Materials | 54 | 16,559 | |||||||||
Shriram Finance Ltd. |
Consumer Finance | 1,134 | 26,210 | |||||||||
Siemens Ltd. |
Industrial Conglomerates | 336 | 14,860 | |||||||||
Solar Industries India Ltd. |
Chemicals | 90 | 5,224 | |||||||||
b |
Sona Blw Precision Forgings Ltd. |
Automobile Components | 1,464 | 10,285 | ||||||||
SRF Ltd. |
Chemicals | 570 | 15,440 | |||||||||
a |
Star Health & Allied Insurance Co. Ltd. |
Insurance | 936 | 6,774 | ||||||||
State Bank of India |
Banks | 7,224 | 52,070 | |||||||||
Steel Authority of India Ltd. |
Metals & Mining | 6,042 | 6,828 | |||||||||
Sun Pharmaceutical Industries Ltd. |
Pharmaceuticals | 4,398 | 61,364 | |||||||||
Sun TV Network Ltd. |
Media | 348 | 2,565 | |||||||||
Supreme Industries Ltd. |
Chemicals | 264 | 13,103 | |||||||||
b |
Syngene International Ltd. |
Life Sciences Tools & Services | 660 | 6,391 | ||||||||
Tata Communications Ltd. |
Diversified Telecommunication Services | 468 | 10,893 | |||||||||
Tata Consultancy Services Ltd. |
IT Services | 4,122 | 175,153 | |||||||||
Tata Consumer Products Ltd. |
Food Products | 2,466 | 26,041 | |||||||||
Tata Elxsi Ltd. |
Software | 138 | 12,010 | |||||||||
Tata Motors Ltd., Class A |
Automobiles | 7,404 | 56,189 | |||||||||
Tata Motors Ltd., Class A |
Automobiles | 1,536 | 7,918 | |||||||||
Tata Power Co. Ltd. |
Electric Utilities | 6,744 | 21,302 | |||||||||
Tata Steel Ltd. |
Metals & Mining | 32,982 | 51,196 | |||||||||
a |
Tata Teleservices Maharashtra Ltd. |
Diversified Telecommunication Services | 2,190 | 2,623 | ||||||||
Tech Mahindra Ltd. |
IT Services | 2,460 | 36,224 | |||||||||
Titan Co. Ltd. |
Textiles, Apparel & Luxury Goods | 1,680 | 63,703 | |||||||||
Torrent Pharmaceuticals Ltd. |
Pharmaceuticals | 402 | 9,339 | |||||||||
Torrent Power Ltd. |
Electric Utilities | 888 | 7,897 | |||||||||
Trent Ltd. |
Specialty Retail | 720 | 18,036 | |||||||||
Tube Investments of India Ltd. |
Automobile Components | 408 | 14,682 | |||||||||
TVS Motor Co. Ltd. |
Automobiles | 972 | 17,813 | |||||||||
UltraTech Cement Ltd. |
Construction Materials | 456 | 45,329 | |||||||||
Union Bank of India Ltd. |
Banks | 4,518 | 5,783 | |||||||||
United Breweries Ltd. |
Beverages | 228 | 4,275 | |||||||||
a |
United Spirits Ltd. |
Beverages | 1,104 | 13,391 | ||||||||
UNO Minda Ltd. |
Automobile Components | 726 | 5,241 | |||||||||
UPL Ltd. |
Chemicals | 2,148 | 15,940 | |||||||||
Varun Beverages Ltd. |
Beverages | 1,902 | 21,661 | |||||||||
Vedant Fashions Ltd. |
Textiles, Apparel & Luxury Goods | 252 | 4,062 | |||||||||
Vedanta Ltd. |
Metals & Mining | 4,806 | 12,880 |
franklintempleton.com |
Semiannual Report |
137 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||
Common Stocks (continued) |
||||||||||||
India (continued) |
||||||||||||
a |
Vodafone Idea Ltd. |
Wireless Telecommunication Services | 33,186 | $ | 4,656 | |||||||
Voltas Ltd. |
Construction & Engineering | 816 | 8,483 | |||||||||
Whirlpool of India Ltd. |
Household Durables | 132 | 2,583 | |||||||||
Wipro Ltd. |
IT Services | 5,724 | 27,989 | |||||||||
a |
Yes Bank Ltd. |
Banks | 80,430 | 16,708 | ||||||||
a |
Zee Entertainment Enterprises Ltd. |
Media | 3,474 | 11,067 | ||||||||
a |
Zomato Ltd. |
Hotels, Restaurants & Leisure | 22,212 | 27,149 | ||||||||
Zydus Lifesciences Ltd. |
Pharmaceuticals | 1,014 | 7,510 | |||||||||
|
|
|||||||||||
4,808,106 | ||||||||||||
|
|
|||||||||||
Indonesia 2.4% |
||||||||||||
Adaro Energy Indonesia Tbk PT, Class B |
Oil, Gas & Consumable Fuels | 49,200 | 9,073 | |||||||||
Astra Agro Lestari Tbk PT, Class H |
Food Products | 1,800 | 873 | |||||||||
Astra International Tbk PT, Class H |
Industrial Conglomerates | 82,200 | 33,109 | |||||||||
Avia Avian Tbk PT |
Chemicals | 60,000 | 2,174 | |||||||||
Bank Central Asia Tbk PT, Class A |
Banks | 223,800 | 127,793 | |||||||||
Bank Danamon Indonesia Tbk PT, Class H |
Banks | 3,600 | 666 | |||||||||
Bank Mandiri Persero Tbk PT, Class A |
Banks | 178,200 | 69,470 | |||||||||
Bank Negara Indonesia Persero Tbk PT, Class H |
Banks | 30,000 | 20,042 | |||||||||
Bank Rakyat Indonesia Persero Tbk PT, Class A |
Banks | 282,600 | 95,541 | |||||||||
Bank Syariah Indonesia Tbk PT |
Banks | 12,600 | 1,325 | |||||||||
Barito Pacific Tbk PT, Class A |
Chemicals | 101,400 | 8,529 | |||||||||
Bukit Asam Tbk PT, Class A |
Oil, Gas & Consumable Fuels | 17,400 | 3,152 | |||||||||
a |
Bumi Serpong Damai Tbk PT, Class A |
Real Estate Management & Development | 37,800 | 2,495 | ||||||||
a |
Charoen Pokphand Indonesia Tbk PT, Class A |
Food Products | 28,200 | 9,899 | ||||||||
Dayamitra Telekomunikasi PT |
Diversified Telecommunication Services | 72,600 | 3,194 | |||||||||
Elang Mahkota Teknologi Tbk PT |
Media | 109,200 | 4,133 | |||||||||
First Pacific Co. Ltd. |
Food Products | 8,000 | 3,167 | |||||||||
a |
GoTo Gojek Tokopedia Tbk PT |
Broadline Retail | 2,928,000 | 16,103 | ||||||||
Gudang Garam Tbk PT |
Tobacco | 1,800 | 2,865 | |||||||||
Hanjaya Mandala Sampoerna Tbk PT |
Tobacco | 34,800 | 1,948 | |||||||||
Indah Kiat Pulp & Paper Tbk PT |
Paper & Forest Products | 10,800 | 7,757 | |||||||||
Indocement Tunggal Prakarsa Tbk PT |
Construction Materials | 6,000 | 3,863 | |||||||||
Indofood CBP Sukses Makmur Tbk PT |
Food Products | 9,000 | 6,449 | |||||||||
Indofood Sukses Makmur Tbk PT |
Food Products | 17,400 | 7,459 | |||||||||
Indosat Tbk PT |
Wireless Telecommunication Services | 7,800 | 4,959 | |||||||||
Jasa Marga Persero Tbk PT |
Transportation Infrastructure | 8,400 | 2,332 | |||||||||
Kalbe Farma Tbk PT |
Pharmaceuticals | 73,200 | 8,312 | |||||||||
Mayora Indah Tbk PT |
Food Products | 12,000 | 1,980 | |||||||||
a |
Merdeka Copper Gold Tbk PT |
Metals & Mining | 76,200 | 14,200 | ||||||||
Perusahaan Gas Negara Tbk PT |
Gas Utilities | 42,000 | 3,737 | |||||||||
Sarana Menara Nusantara Tbk PT |
Diversified Telecommunication Services | 77,400 | 4,808 | |||||||||
Semen Indonesia Persero Tbk PT |
Construction Materials | 13,200 | 5,487 | |||||||||
a |
Smartfren Telecom Tbk PT |
Wireless Telecommunication Services | 436,200 | 1,581 | ||||||||
Sumber Alfaria Trijaya Tbk PT |
Consumer Staples Distribution & Retail | 75,600 | 14,479 | |||||||||
Surya Citra Media Tbk PT |
Media | 72,000 | 736 | |||||||||
Telkom Indonesia Persero Tbk PT, Class B |
Diversified Telecommunication Services | 187,200 | 45,422 | |||||||||
Tower Bersama Infrastructure Tbk PT |
Diversified Telecommunication Services | 17,400 | 2,274 | |||||||||
Unilever Indonesia Tbk PT |
Household Products | 22,800 | 5,517 | |||||||||
United Tractors Tbk PT |
Oil, Gas & Consumable Fuels | 6,000 | 10,967 | |||||||||
Vale Indonesia Tbk PT |
Metals & Mining | 9,000 | 3,290 | |||||||||
XL Axiata Tbk PT |
Wireless Telecommunication Services | 16,200 | 2,495 | |||||||||
|
|
|||||||||||
573,655 | ||||||||||||
|
|
|||||||||||
Italy 0.1% |
||||||||||||
PRADA SpA |
Textiles, Apparel & Luxury Goods | 2,100 | 12,361 | |||||||||
|
|
138 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||
Common Stocks (continued) |
||||||||||||
Luxembourg 0.0%† |
||||||||||||
L’Occitane International SA |
Personal Care Products | 1,500 | $ | 4,482 | ||||||||
|
|
|||||||||||
Macau 0.4% |
||||||||||||
Galaxy Entertainment Group Ltd. |
Hotels, Restaurants & Leisure | 8,590 | 51,714 | |||||||||
a |
MGM China Holdings Ltd. |
Hotels, Restaurants & Leisure | 3,200 | 4,184 | ||||||||
a |
Sands China Ltd. |
Hotels, Restaurants & Leisure | 9,600 | 29,418 | ||||||||
a |
SJM Holdings Ltd. |
Hotels, Restaurants & Leisure | 10,500 | 4,129 | ||||||||
a |
Wynn Macau Ltd. |
Hotels, Restaurants & Leisure | 6,000 | 5,746 | ||||||||
|
|
|||||||||||
95,191 | ||||||||||||
|
|
|||||||||||
Malaysia 1.8% |
||||||||||||
Alliance Bank Malaysia Bhd, Class A |
Banks | 5,200 | 3,743 | |||||||||
AMMB Holdings Bhd |
Banks | 9,000 | 7,092 | |||||||||
Astro Malaysia Holdings Bhd, Class A |
Media | 5,200 | 509 | |||||||||
Axiata Group Bhd, Class A |
Wireless Telecommunication Services | 19,600 | 10,394 | |||||||||
CELCOMDIGI Bhd |
Wireless Telecommunication Services | 15,600 | 14,519 | |||||||||
CIMB Group Holdings Bhd, Class A |
Banks | 31,800 | 36,776 | |||||||||
Dialog Group Bhd, Class A |
Energy Equipment & Services | 17,400 | 7,857 | |||||||||
FGV Holdings Bhd |
Food Products | 2,800 | 829 | |||||||||
Fraser & Neave Holdings Bhd |
Beverages | 700 | 3,772 | |||||||||
Gamuda Bhd |
Construction & Engineering | 9,400 | 8,869 | |||||||||
Genting Bhd |
Hotels, Restaurants & Leisure | 8,600 | 7,638 | |||||||||
Genting Malaysia Bhd |
Hotels, Restaurants & Leisure | 12,000 | 6,389 | |||||||||
a |
Hartalega Holdings Bhd |
Health Care Equipment & Supplies | 6,800 | 2,882 | ||||||||
Hong Leong Bank Bhd |
Banks | 2,400 | 9,968 | |||||||||
Hong Leong Financial Group Bhd |
Banks | 1,000 | 3,770 | |||||||||
IHH Healthcare Bhd |
Health Care Providers & Services | 12,000 | 14,951 | |||||||||
IJM Corp. Bhd |
Construction & Engineering | 13,200 | 5,229 | |||||||||
IOI Corp. Bhd |
Food Products | 10,200 | 8,646 | |||||||||
Kuala Lumpur Kepong Bhd |
Food Products | 2,200 | 10,027 | |||||||||
Malayan Banking Bhd |
Banks | 30,000 | 56,163 | |||||||||
Malaysia Airports Holdings Bhd |
Transportation Infrastructure | 3,900 | 5,922 | |||||||||
Maxis Bhd |
Wireless Telecommunication Services | 12,000 | 10,325 | |||||||||
MISC Bhd |
Marine Transportation | 6,900 | 10,405 | |||||||||
b |
MR DIY Group M Bhd |
Specialty Retail | 9,700 | 3,120 | ||||||||
Nestle Malaysia Bhd |
Food Products | 250 | 6,736 | |||||||||
Petronas Chemicals Group Bhd |
Chemicals | 11,400 | 17,457 | |||||||||
Petronas Dagangan Bhd |
Oil, Gas & Consumable Fuels | 1,000 | 4,767 | |||||||||
Petronas Gas Bhd |
Gas Utilities | 2,400 | 8,608 | |||||||||
PPB Group Bhd |
Food Products | 2,700 | 8,902 | |||||||||
Press Metal Aluminium Holdings Bhd |
Metals & Mining | 15,000 | 15,047 | |||||||||
Public Bank Bhd |
Banks | 57,200 | 49,461 | |||||||||
QL Resources Bhd |
Food Products | 4,200 | 4,884 | |||||||||
RHB Bank Bhd |
Banks | 7,200 | 8,327 | |||||||||
Sime Darby Bhd |
Industrial Conglomerates | 15,200 | 7,155 | |||||||||
Sime Darby Plantation Bhd |
Food Products | 14,400 | 13,127 | |||||||||
Telekom Malaysia Bhd |
Diversified Telecommunication Services | 4,700 | 4,905 | |||||||||
Tenaga Nasional Bhd |
Electric Utilities | 15,000 | 31,915 | |||||||||
a |
Top Glove Corp. Bhd |
Health Care Equipment & Supplies | 22,600 | 3,730 | ||||||||
YTL Corp. Bhd |
Multi-Utilities | 17,813 | 5,767 | |||||||||
|
|
|||||||||||
440,583 | ||||||||||||
|
|
|||||||||||
Pakistan 0.0%† |
||||||||||||
Oil & Gas Development Co. Ltd. |
Oil, Gas & Consumable Fuels | 3,000 | 1,002 | |||||||||
|
|
|||||||||||
Philippines 0.8% |
||||||||||||
ACEN Corp. |
Independent Power Producers & Energy Traders | 35,230 | 3,058 | |||||||||
Alliance Global Group, Inc., Class A |
Industrial Conglomerates | 16,600 | 3,615 | |||||||||
Ayala Corp., Class A |
Industrial Conglomerates | 1,200 | 13,235 |
franklintempleton.com |
Semiannual Report |
139 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||
Common Stocks (continued) |
||||||||||||
Philippines (continued) |
||||||||||||
Ayala Land, Inc., Class A |
Real Estate Management & Development | 30,600 | $ | 15,929 | ||||||||
Bank of the Philippine Islands, Class A |
Banks | 7,096 | 14,048 | |||||||||
BDO Unibank, Inc., Class A |
Banks | 9,480 | 23,777 | |||||||||
a |
Bloomberry Resorts Corp., Class H |
Hotels, Restaurants & Leisure | 13,000 | 2,321 | ||||||||
a |
Converge Information & Communications Technology Solutions, Inc. |
Diversified Telecommunication Services | 8,800 | 1,493 | ||||||||
DMCI Holdings, Inc., Class A |
Industrial Conglomerates | 15,400 | 2,836 | |||||||||
Emperador, Inc. |
Beverages | 13,100 | 4,805 | |||||||||
Globe Telecom, Inc. |
Wireless Telecommunication Services | 132 | 4,183 | |||||||||
GT Capital Holdings, Inc. |
Industrial Conglomerates | 420 | 4,232 | |||||||||
International Container Terminal Services, Inc. |
Transportation Infrastructure | 4,380 | 16,041 | |||||||||
JG Summit Holdings, Inc. |
Industrial Conglomerates | 12,000 | 8,081 | |||||||||
Jollibee Foods Corp. |
Hotels, Restaurants & Leisure | 1,696 | 6,877 | |||||||||
LT Group, Inc. |
Industrial Conglomerates | 13,600 | 2,163 | |||||||||
Manila Electric Co. |
Electric Utilities | 1,020 | 6,635 | |||||||||
Megaworld Corp. |
Real Estate Management & Development | 54,000 | 1,928 | |||||||||
Metropolitan Bank & Trust Co. |
Banks | 7,260 | 6,929 | |||||||||
a,b |
Monde Nissin Corp. |
Food Products | 31,200 | 4,980 | ||||||||
PLDT, Inc. |
Wireless Telecommunication Services | 330 | 6,859 | |||||||||
Puregold Price Club, Inc. |
Consumer Staples Distribution & Retail | 4,660 | 2,380 | |||||||||
San Miguel Corp. |
Industrial Conglomerates | 1,640 | 3,061 | |||||||||
Semirara Mining & Power Corp. |
Oil, Gas & Consumable Fuels | 4,800 | 2,961 | |||||||||
SM Prime Holdings, Inc. |
Real Estate Management & Development | 43,500 | 23,297 | |||||||||
Universal Robina Corp. |
Food Products | 3,360 | 7,061 | |||||||||
|
|
|||||||||||
192,785 | ||||||||||||
|
|
|||||||||||
Singapore 3.5% | ||||||||||||
b |
BOC Aviation Ltd., Class A |
Trading Companies & Distributors | 900 | 6,280 | ||||||||
CapitaLand Ascendas REIT, Class A |
Industrial REITs | 13,800 | 27,804 | |||||||||
CapitaLand Ascott Trust, Class A |
Hotel & Resort REITs | 8,418 | 5,921 | |||||||||
CapitaLand Integrated Commercial Trust, Class A |
Retail REITs | 21,000 | 28,464 | |||||||||
CapitaLand Investment Ltd. |
Real Estate Management & Development | 10,200 | 23,167 | |||||||||
City Developments Ltd., Class H |
Real Estate Management & Development | 1,800 | 8,717 | |||||||||
ComfortDelGro Corp. Ltd., Class H |
Ground Transportation | 8,800 | 8,382 | |||||||||
DBS Group Holdings Ltd., Class A |
Banks | 7,300 | 179,919 | |||||||||
Frasers Logistics & Commercial Trust |
Industrial REITs | 12,000 | 9,407 | |||||||||
Genting Singapore Ltd. |
Hotels, Restaurants & Leisure | 24,600 | 15,230 | |||||||||
Jardine Cycle & Carriage Ltd. |
Industrial Conglomerates | 400 | 9,357 | |||||||||
Keppel Corp. Ltd. |
Industrial Conglomerates | 5,700 | 28,398 | |||||||||
Keppel DC REIT |
Specialized REITs | 5,400 | 8,229 | |||||||||
Keppel REIT |
Office REITs | 7,900 | 4,949 | |||||||||
Mapletree Industrial Trust |
Industrial REITs | 7,800 | 12,915 | |||||||||
Mapletree Logistics Trust |
Industrial REITs | 13,800 | 16,986 | |||||||||
Mapletree Pan Asia Commercial Trust |
Retail REITs | 9,400 | 9,848 | |||||||||
Netlink NBN Trust |
Diversified Telecommunication Services | 12,000 | 7,385 | |||||||||
Olam Group Ltd. |
Consumer Staples Distribution & Retail | 4,800 | 3,693 | |||||||||
Oversea-Chinese Banking Corp. Ltd. |
Banks | 14,200 | 133,271 | |||||||||
a |
SATS Ltd. |
Transportation Infrastructure | 3,265 | 6,219 | ||||||||
a |
Seatrium Ltd. |
Machinery | 164,435 | 16,143 | ||||||||
Sembcorp Industries Ltd. |
Multi-Utilities | 3,600 | 13,425 | |||||||||
SIA Engineering Co. Ltd. |
Transportation Infrastructure | 1,000 | 1,751 | |||||||||
Singapore Airlines Ltd. |
Passenger Airlines | 5,400 | 25,558 | |||||||||
Singapore Exchange Ltd. |
Capital Markets | 3,350 | 23,930 | |||||||||
Singapore Post Ltd. |
Air Freight & Logistics | 6,600 | 2,345 | |||||||||
Singapore Technologies Engineering Ltd. |
Aerospace & Defense | 6,200 | 17,761 | |||||||||
Singapore Telecommunications Ltd. |
Diversified Telecommunication Services | 30,600 | 54,254 | |||||||||
StarHub Ltd. |
Wireless Telecommunication Services | 2,400 | 1,952 |
140 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||
Common Stocks (continued) |
||||||||||||
Singapore (continued) |
||||||||||||
Suntec Real Estate Investment Trust |
Diversified REITs | 9,000 | $ | 7,649 | ||||||||
United Overseas Bank Ltd. |
Banks | 4,800 | 100,227 | |||||||||
UOL Group Ltd. |
Real Estate Management & Development | 1,800 | 8,467 | |||||||||
Venture Corp. Ltd. |
Electronic Equipment, Instruments & Components | 1,126 | 10,205 | |||||||||
Wilmar International Ltd. |
Food Products | 8,400 | 22,956 | |||||||||
Yangzijiang Financial Holding Ltd. |
Capital Markets | 10,800 | 2,849 | |||||||||
a |
Yanlord Land Group Ltd. |
Real Estate Management & Development | 2,400 | 1,161 | ||||||||
|
|
|||||||||||
865,174 | ||||||||||||
|
|
|||||||||||
South Korea 12.7% | ||||||||||||
a |
Alteogen, Inc., Class A |
Biotechnology | 144 | 7,267 | ||||||||
Amorepacific Corp., Class H |
Personal Care Products | 120 | 10,849 | |||||||||
AMOREPACIFIC Group, Class A |
Personal Care Products | 102 | 2,302 | |||||||||
BGF retail Co. Ltd. |
Consumer Staples Distribution & Retail | 30 | 3,135 | |||||||||
BNK Financial Group, Inc., Class H |
Banks | 1,122 | 5,696 | |||||||||
Celltrion Healthcare Co. Ltd., Class A |
Health Care Providers & Services | 402 | 18,768 | |||||||||
a |
Celltrion Pharm, Inc., Class A |
Pharmaceuticals | 78 | 3,861 | ||||||||
Celltrion, Inc., Class A |
Biotechnology | 444 | 45,802 | |||||||||
Cheil Worldwide, Inc., Class A |
Media | 306 | 4,547 | |||||||||
CJ CheilJedang Corp., Class A |
Food Products | 30 | 6,825 | |||||||||
CJ Corp., Class A |
Industrial Conglomerates | 54 | 3,594 | |||||||||
a |
CJ ENM Co. Ltd., Class A |
Entertainment | 42 | 1,774 | ||||||||
CJ Logistics Corp., Class A |
Air Freight & Logistics | 36 | 2,156 | |||||||||
a |
CosmoAM&T Co. Ltd. |
Technology Hardware, Storage & Peripherals | 90 | 9,964 | ||||||||
Coway Co. Ltd. |
Household Durables | 222 | 6,795 | |||||||||
a |
Daewoo Engineering & Construction Co. Ltd., Class A |
Construction & Engineering | 732 | 2,281 | ||||||||
DB Insurance Co. Ltd., Class A |
Insurance | 180 | 11,925 | |||||||||
DGB Financial Group, Inc., Class A |
Banks | 666 | 3,884 | |||||||||
DL E&C Co. Ltd., Class A |
Construction & Engineering | 132 | 3,047 | |||||||||
DL Holdings Co. Ltd., Class A |
Chemicals | 54 | 1,701 | |||||||||
Dongsuh Cos., Inc., Class A |
Consumer Staples Distribution & Retail | 132 | 1,645 | |||||||||
Doosan Bobcat, Inc., Class A |
Machinery | 180 | 6,803 | |||||||||
a |
Doosan Enerbility Co. Ltd., Class H |
Electrical Equipment | 1,728 | 21,040 | ||||||||
Ecopro BM Co. Ltd. |
Electrical Equipment | 186 | 34,873 | |||||||||
Ecopro Co. Ltd. |
Chemicals | 72 | 48,075 | |||||||||
E-MART, Inc., Class A |
Consumer Staples Distribution & Retail | 84 | 4,382 | |||||||||
F&F Co. Ltd. |
Textiles, Apparel & Luxury Goods | 66 | 5,527 | |||||||||
Fila Holdings Corp. |
Textiles, Apparel & Luxury Goods | 210 | 5,618 | |||||||||
Green Cross Corp. |
Biotechnology | 24 | 1,933 | |||||||||
GS Engineering & Construction Corp. |
Construction & Engineering | 264 | 2,745 | |||||||||
GS Holdings Corp. |
Industrial Conglomerates | 186 | 5,500 | |||||||||
GS Retail Co. Ltd. |
Consumer Staples Distribution & Retail | 162 | 2,839 | |||||||||
Hana Financial Group, Inc. |
Banks | 1,158 | 36,429 | |||||||||
Hanjin Kal Corp. |
Passenger Airlines | 126 | 3,954 | |||||||||
Hankook Tire & Technology Co. Ltd. |
Automobile Components | 300 | 8,804 | |||||||||
Hanmi Pharm Co. Ltd. |
Pharmaceuticals | 30 | 6,647 | |||||||||
Hanmi Science Co. Ltd. |
Pharmaceuticals | 84 | 2,051 | |||||||||
Hanon Systems |
Automobile Components | 654 | 4,566 | |||||||||
Hanwha Aerospace Co. Ltd. |
Aerospace & Defense | 144 | 11,162 | |||||||||
Hanwha Corp. |
Industrial Conglomerates | 168 | 2,982 | |||||||||
Hanwha Corp. |
Industrial Conglomerates | 78 | 797 | |||||||||
a |
Hanwha Life Insurance Co. Ltd. |
Insurance | 1,230 | 2,602 | ||||||||
a |
Hanwha Ocean Co. Ltd., Class A |
Machinery | 198 | 4,541 | ||||||||
a |
Hanwha Solutions Corp. |
Chemicals | 414 | 9,127 | ||||||||
HD Hyundai Co. Ltd. |
Oil, Gas & Consumable Fuels | 168 | 8,254 | |||||||||
a |
HD Hyundai Heavy Industries Co. Ltd. |
Machinery | 72 | 6,467 | ||||||||
HD Hyundai Infracore Co. Ltd. |
Machinery | 558 | 4,383 | |||||||||
franklintempleton.com |
Semiannual Report |
141 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||
Common Stocks (continued) |
||||||||||||
South Korea (continued) | ||||||||||||
a |
HD Korea Shipbuilding & Offshore Engineering Co. Ltd. |
Machinery | 174 | $ | 14,313 | |||||||
Hite Jinro Co. Ltd. |
Beverages | 132 | 1,848 | |||||||||
HL Mando Co. Ltd. |
Automobile Components | 138 | 4,295 | |||||||||
a |
HLB, Inc. |
Health Care Equipment & Supplies | 432 | 9,604 | ||||||||
HMM Co. Ltd. |
Marine Transportation | 1,176 | 14,171 | |||||||||
Hotel Shilla Co. Ltd. |
Specialty Retail | 126 | 7,909 | |||||||||
a |
HYBE Co. Ltd. |
Entertainment | 72 | 12,699 | ||||||||
Hyundai Department Store Co. Ltd. |
Broadline Retail | 60 | 2,828 | |||||||||
Hyundai Engineering & Construction Co. Ltd. |
Construction & Engineering | 306 | 8,220 | |||||||||
Hyundai Glovis Co. Ltd. |
Air Freight & Logistics | 72 | 9,839 | |||||||||
Hyundai Marine & Fire Insurance Co. Ltd. |
Insurance | 240 | 5,771 | |||||||||
a |
Hyundai Mipo Dockyard Co. Ltd. |
Machinery | 78 | 4,798 | ||||||||
Hyundai Mobis Co. Ltd. |
Automobile Components | 246 | 43,844 | |||||||||
Hyundai Motor Co. |
Automobiles | 552 | 78,173 | |||||||||
Hyundai Steel Co. |
Metals & Mining | 318 | 8,967 | |||||||||
Hyundai Wia Corp. |
Automobile Components | 72 | 3,399 | |||||||||
Industrial Bank of Korea |
Banks | 1,092 | 9,072 | |||||||||
Kakao Corp. |
Interactive Media & Services | 1,230 | 40,061 | |||||||||
a |
Kakao Games Corp. |
Entertainment | 138 | 2,603 | ||||||||
KakaoBank Corp. |
Banks | 840 | 14,535 | |||||||||
a |
Kakaopay Corp. |
Financial Services | 90 | 2,718 | ||||||||
Kangwon Land, Inc. |
Hotels, Restaurants & Leisure | 402 | 4,498 | |||||||||
KB Financial Group, Inc. |
Banks | 1,518 | 62,209 | |||||||||
KCC Corp. |
Chemicals | 18 | 3,288 | |||||||||
KEPCO Plant Service & Engineering Co. Ltd. |
Commercial Services & Supplies | 96 | 2,334 | |||||||||
Kia Corp. |
Automobiles | 984 | 59,358 | |||||||||
Korea Aerospace Industries Ltd. |
Aerospace & Defense | 288 | 10,415 | |||||||||
a |
Korea Electric Power Corp. |
Electric Utilities | 1,038 | 13,862 | ||||||||
a |
Korea Gas Corp. |
Gas Utilities | 114 | 2,019 | ||||||||
Korea Investment Holdings Co. Ltd. |
Capital Markets | 156 | 6,139 | |||||||||
Korea Zinc Co. Ltd. |
Metals & Mining | 42 | 15,749 | |||||||||
Korean Air Lines Co. Ltd. |
Passenger Airlines | 750 | 12,089 | |||||||||
a |
Krafton, Inc. |
Entertainment | 114 | 12,723 | ||||||||
KT&G Corp. |
Tobacco | 414 | 26,477 | |||||||||
Kumho Petrochemical Co. Ltd. |
Chemicals | 72 | 7,155 | |||||||||
L&F Co. Ltd. |
Electronic Equipment, Instruments & Components | 96 | 12,336 | |||||||||
LG Chem Ltd. |
Chemicals | 190 | 69,909 | |||||||||
LG Corp. |
Industrial Conglomerates | 360 | 22,357 | |||||||||
a |
LG Display Co. Ltd. |
Electronic Equipment, Instruments & Components | 876 | 8,511 | ||||||||
LG Electronics, Inc. |
Household Durables | 438 | 32,751 | |||||||||
a |
LG Energy Solution Ltd. |
Electrical Equipment | 162 | 57,205 | ||||||||
LG H&H Co. Ltd. |
Personal Care Products | 36 | 11,912 | |||||||||
LG Innotek Co. Ltd. |
Electronic Equipment, Instruments & Components | 54 | 9,784 | |||||||||
LG Uplus Corp. |
Diversified Telecommunication Services | 900 | 6,910 | |||||||||
Lotte Chemical Corp. |
Chemicals | 72 | 7,315 | |||||||||
Lotte Chilsung Beverage Co. Ltd. |
Beverages | 12 | 1,114 | |||||||||
Lotte Corp. |
Industrial Conglomerates | 114 | 2,150 | |||||||||
Lotte Energy Materials Corp. |
Electronic Equipment, Instruments & Components | 78 | 2,301 | |||||||||
LOTTE Fine Chemical Co. Ltd. |
Chemicals | 60 | 2,601 | |||||||||
Lotte Shopping Co. Ltd. |
Broadline Retail | 48 | 2,543 | |||||||||
LS Corp. |
Electrical Equipment | 72 | 5,421 | |||||||||
Meritz Financial Group, Inc. |
Financial Services | 408 | 16,690 | |||||||||
Mirae Asset Securities Co. Ltd. |
Capital Markets | 1,002 | 4,789 | |||||||||
Mirae Asset Securities Co. Ltd. |
Capital Markets | 618 | 1,619 | |||||||||
NAVER Corp. |
Interactive Media & Services | 576 | 86,012 | |||||||||
NCSoft Corp. |
Entertainment | 62 | 10,223 |
142 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||
Common Stocks (continued) |
||||||||||||
South Korea (continued) | ||||||||||||
a,b |
Netmarble Corp. |
Entertainment | 72 | $ | 2,246 | |||||||
NH Investment & Securities Co. Ltd., Class C |
Capital Markets | 552 | 4,181 | |||||||||
NongShim Co. Ltd. |
Food Products | 12 | 4,206 | |||||||||
a |
OCI Co. Ltd. |
Chemicals | 24 | 2,168 | ||||||||
OCI Holdings Co. Ltd. |
Chemicals | 48 | 3,468 | |||||||||
Orion Corp. |
Food Products | 84 | 7,987 | |||||||||
Ottogi Corp. |
Food Products | 6 | 1,623 | |||||||||
Pan Ocean Co. Ltd. |
Marine Transportation | 846 | 3,110 | |||||||||
a |
Paradise Co. Ltd. |
Hotels, Restaurants & Leisure | 204 | 2,460 | ||||||||
a |
Pearl Abyss Corp. |
Entertainment | 126 | 4,351 | ||||||||
POSCO Future M Co. Ltd. |
Electrical Equipment | 114 | 30,371 | |||||||||
POSCO Holdings, Inc. |
Metals & Mining | 302 | 119,735 | |||||||||
Posco International Corp. |
Trading Companies & Distributors | 174 | 9,207 | |||||||||
S-1 Corp. |
Commercial Services & Supplies | 78 | 3,272 | |||||||||
a,b |
Samsung Biologics Co. Ltd. |
Life Sciences Tools & Services | 71 | 35,832 | ||||||||
Samsung C&T Corp. |
Industrial Conglomerates | 342 | 27,271 | |||||||||
Samsung Card Co. Ltd. |
Consumer Finance | 132 | 2,979 | |||||||||
Samsung Electro-Mechanics Co. Ltd. |
Electronic Equipment, Instruments & Components | 228 | 23,216 | |||||||||
Samsung Electronics Co. Ltd. |
Technology Hardware, Storage & Peripherals | 19,092 | 967,758 | |||||||||
a |
Samsung Engineering Co. Ltd. |
Construction & Engineering | 636 | 14,257 | ||||||||
Samsung Fire & Marine Insurance Co. Ltd. |
Insurance | 132 | 25,482 | |||||||||
a |
Samsung Heavy Industries Co. Ltd. |
Machinery | 2,562 | 14,885 | ||||||||
Samsung Life Insurance Co. Ltd. |
Insurance | 294 | 15,317 | |||||||||
Samsung SDI Co. Ltd. |
Electronic Equipment, Instruments & Components | 212 | 80,439 | |||||||||
Samsung SDS Co. Ltd. |
IT Services | 150 | 15,029 | |||||||||
Samsung Securities Co. Ltd. |
Capital Markets | 258 | 7,027 | |||||||||
SD Biosensor, Inc. |
Health Care Equipment & Supplies | 144 | 1,213 | |||||||||
Seegene, Inc. |
Biotechnology | 126 | 1,994 | |||||||||
Shinhan Financial Group Co. Ltd. |
Banks | 1,962 | 51,762 | |||||||||
Shinsegae, Inc. |
Broadline Retail | 30 | 4,226 | |||||||||
a |
SK Biopharmaceuticals Co. Ltd. |
Pharmaceuticals | 108 | 6,899 | ||||||||
a |
SK Bioscience Co. Ltd. |
Biotechnology | 90 | 4,515 | ||||||||
SK Chemicals Co. Ltd. |
Chemicals | 30 | 1,403 | |||||||||
SK Hynix, Inc. |
Semiconductors & Semiconductor Equipment | 2,172 | 184,622 | |||||||||
a,b |
SK IE Technology Co. Ltd. |
Chemicals | 108 | 5,923 | ||||||||
a |
SK Innovation Co. Ltd. |
Oil, Gas & Consumable Fuels | 230 | 25,362 | ||||||||
SK Networks Co. Ltd. |
Trading Companies & Distributors | 510 | 2,306 | |||||||||
a |
SK Square Co. Ltd. |
Industrial Conglomerates | 390 | 12,269 | ||||||||
SK, Inc. |
Industrial Conglomerates | 138 | 14,952 | |||||||||
SKC Co. Ltd. |
Chemicals | 78 | 4,387 | |||||||||
S-Oil Corp. |
Oil, Gas & Consumable Fuels | 156 | 9,156 | |||||||||
Solus Advanced Materials Co. Ltd. |
Electronic Equipment, Instruments & Components | 60 | 1,296 | |||||||||
SSANGYONG C&E Co. Ltd. |
Construction Materials | 492 | 2,002 | |||||||||
Wemade Co. Ltd. |
Entertainment | 72 | 1,969 | |||||||||
Woori Financial Group, Inc. |
Banks | 2,682 | 24,367 | |||||||||
Yuhan Corp. |
Pharmaceuticals | 216 | 12,133 | |||||||||
|
|
|||||||||||
3,122,987 | ||||||||||||
|
|
|||||||||||
Taiwan 16.3% |
||||||||||||
Accton Technology Corp. |
Communications Equipment | 2,100 | 32,072 | |||||||||
Acer, Inc., Class H |
Technology Hardware, Storage & Peripherals | 12,000 | 13,494 | |||||||||
Advanced Energy Solution Holding Co. Ltd. |
Electrical Equipment | 100 | 1,980 | |||||||||
Advantech Co. Ltd. |
Technology Hardware, Storage & Peripherals | 1,654 | 17,677 | |||||||||
Alchip Technologies Ltd. |
Semiconductors & Semiconductor Equipment | 280 | 23,333 | |||||||||
ASE Technology Holding Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 13,500 | 45,794 | |||||||||
Asia Cement Corp. |
Construction Materials | 9,430 | 11,612 | |||||||||
ASMedia Technology, Inc. |
Semiconductors & Semiconductor Equipment | 160 | 5,725 | |||||||||
ASPEED Technology, Inc. |
Semiconductors & Semiconductor Equipment | 106 | 9,079 |
franklintempleton.com |
Semiannual Report |
143 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||
Common Stocks (continued) |
||||||||||||
Taiwan (continued) | ||||||||||||
Asustek Computer, Inc. |
Technology Hardware, Storage & Peripherals | 2,820 | $ | 32,061 | ||||||||
AUO Corp., Class H |
Electronic Equipment, Instruments & Components | 27,000 | 13,717 | |||||||||
Capital Securities Corp., Class A |
Capital Markets | 8,000 | 3,618 | |||||||||
Catcher Technology Co. Ltd. |
Technology Hardware, Storage & Peripherals | 2,590 | 14,643 | |||||||||
Cathay Financial Holding Co. Ltd., Class A |
Insurance | 36,901 | 50,927 | |||||||||
Chailease Holding Co. Ltd., Class A |
Financial Services | 5,768 | 32,342 | |||||||||
Chang Hwa Commercial Bank Ltd., Class A |
Banks | 27,700 | 14,802 | |||||||||
Cheng Shin Rubber Industry Co. Ltd., Class A |
Automobile Components | 7,600 | 10,006 | |||||||||
Chicony Electronics Co. Ltd. |
Technology Hardware, Storage & Peripherals | 2,260 | 8,086 | |||||||||
China Airlines Ltd., Class A |
Passenger Airlines | 12,000 | 7,881 | |||||||||
a |
China Development Financial Holding Corp., Class A |
Insurance | 65,000 | 23,760 | ||||||||
China Motor Corp., Class A |
Automobiles | 800 | 2,416 | |||||||||
China Steel Corp., Class A |
Metals & Mining | 50,000 | 39,110 | |||||||||
Chunghwa Telecom Co. Ltd. |
Diversified Telecommunication Services | 15,240 | 54,765 | |||||||||
Compal Electronics, Inc., Class H |
Technology Hardware, Storage & Peripherals | 18,000 | 17,119 | |||||||||
CTBC Financial Holding Co. Ltd., Class A |
Banks | 74,000 | 56,164 | |||||||||
Delta Electronics, Inc., Class A |
Electronic Equipment, Instruments & Components | 8,500 | 85,446 | |||||||||
E Ink Holdings, Inc. |
Electronic Equipment, Instruments & Components | 3,600 | 20,018 | |||||||||
E.Sun Financial Holding Co. Ltd., Class A |
Banks | 60,297 | 45,297 | |||||||||
Eclat Textile Co. Ltd., Class A |
Textiles, Apparel & Luxury Goods | 840 | 12,673 | |||||||||
eMemory Technology, Inc. |
Semiconductors & Semiconductor Equipment | 282 | 17,603 | |||||||||
a |
Ennostar, Inc., Class H |
Semiconductors & Semiconductor Equipment | 2,520 | 3,427 | ||||||||
Eternal Materials Co. Ltd., Class H |
Chemicals | 4,300 | 3,776 | |||||||||
Eva Airways Corp., Class H |
Passenger Airlines | 10,000 | 9,216 | |||||||||
Evergreen Marine Corp. Taiwan Ltd. |
Marine Transportation | 4,140 | 14,877 | |||||||||
Far Eastern International Bank |
Banks | 8,770 | 3,165 | |||||||||
Far Eastern New Century Corp. |
Industrial Conglomerates | 15,643 | 13,932 | |||||||||
Far EasTone Telecommunications Co. Ltd. |
Wireless Telecommunication Services | 6,000 | 13,513 | |||||||||
Feng TAY Enterprise Co. Ltd. |
Textiles, Apparel & Luxury Goods | 1,980 | 11,225 | |||||||||
First Financial Holding Co. Ltd. |
Banks | 43,470 | 35,753 | |||||||||
a,b |
FIT Hon Teng Ltd. |
Electronic Equipment, Instruments & Components | 6,000 | 781 | ||||||||
Formosa Chemicals & Fibre Corp. |
Chemicals | 13,500 | 25,720 | |||||||||
Formosa Petrochemical Corp. |
Oil, Gas & Consumable Fuels | 5,260 | 13,134 | |||||||||
Formosa Plastics Corp. |
Chemicals | 14,900 | 36,834 | |||||||||
Formosa Sumco Technology Corp. |
Semiconductors & Semiconductor Equipment | 300 | 1,334 | |||||||||
Formosa Taffeta Co. Ltd. |
Textiles, Apparel & Luxury Goods | 4,000 | 3,154 | |||||||||
Foxconn Technology Co. Ltd. |
Electronic Equipment, Instruments & Components | 4,500 | 8,044 | |||||||||
Fubon Financial Holding Co. Ltd. |
Insurance | 31,200 | 58,668 | |||||||||
Genius Electronic Optical Co. Ltd. |
Electronic Equipment, Instruments & Components | 400 | 4,560 | |||||||||
Giant Manufacturing Co. Ltd. |
Leisure Products | 1,352 | 7,476 | |||||||||
Gigabyte Technology Co. Ltd. |
Technology Hardware, Storage & Peripherals | 2,000 | 17,441 | |||||||||
Global Unichip Corp. |
Semiconductors & Semiconductor Equipment | 300 | 12,686 | |||||||||
Globalwafers Co. Ltd. |
Semiconductors & Semiconductor Equipment | 820 | 11,520 | |||||||||
Hiwin Technologies Corp. |
Machinery | 985 | 6,210 | |||||||||
Hon Hai Precision Industry Co. Ltd. |
Electronic Equipment, Instruments & Components | 48,000 | 154,644 | |||||||||
Hotai Motor Co. Ltd. |
Specialty Retail | 1,320 | 26,784 | |||||||||
a |
HTC Corp. |
Technology Hardware, Storage & Peripherals | 3,000 | 4,470 | ||||||||
Hua Nan Financial Holdings Co. Ltd., Class C |
Banks | 42,000 | 26,672 | |||||||||
a |
Innolux Corp. |
Electronic Equipment, Instruments & Components | 32,900 | 13,402 | ||||||||
Inventec Corp. |
Technology Hardware, Storage & Peripherals | 12,000 | 18,215 | |||||||||
Largan Precision Co. Ltd. |
Electronic Equipment, Instruments & Components | 400 | 26,456 | |||||||||
Lite-On Technology Corp. |
Technology Hardware, Storage & Peripherals | 8,400 | 31,617 | |||||||||
MediaTek, Inc. |
Semiconductors & Semiconductor Equipment | 6,000 | 136,615 | |||||||||
Mega Financial Holding Co. Ltd. |
Banks | 45,424 | 53,050 | |||||||||
Micro-Star International Co. Ltd. |
Technology Hardware, Storage & Peripherals | 3,000 | 15,241 | |||||||||
momo.com, Inc. |
Broadline Retail | 245 | 3,810 |
144 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||
Common Stocks (continued) |
||||||||||||
Taiwan (continued) | ||||||||||||
Nan Ya Plastics Corp. |
Chemicals | 23,160 | $ | 47,783 | ||||||||
Nan Ya Printed Circuit Board Corp. |
Electronic Equipment, Instruments & Components | 780 | 6,439 | |||||||||
Nanya Technology Corp. |
Semiconductors & Semiconductor Equipment | 3,250 | 6,605 | |||||||||
Nien Made Enterprise Co. Ltd. |
Household Durables | 660 | 6,338 | |||||||||
Novatek Microelectronics Corp. |
Semiconductors & Semiconductor Equipment | 2,280 | 29,877 | |||||||||
Oneness Biotech Co. Ltd. |
Pharmaceuticals | 1,392 | 7,525 | |||||||||
Pegatron Corp. |
Technology Hardware, Storage & Peripherals | 8,000 | 18,984 | |||||||||
a |
PharmaEssentia Corp. |
Biotechnology | 1,000 | 10,409 | ||||||||
Pou Chen Corp. |
Textiles, Apparel & Luxury Goods | 12,000 | 10,650 | |||||||||
Powerchip Semiconductor Manufacturing Corp. |
Semiconductors & Semiconductor Equipment | 12,000 | 9,870 | |||||||||
Powertech Technology, Inc. |
Semiconductors & Semiconductor Equipment | 3,000 | 9,433 | |||||||||
President Chain Store Corp. |
Consumer Staples Distribution & Retail | 2,220 | 18,053 | |||||||||
Quanta Computer, Inc. |
Technology Hardware, Storage & Peripherals | 10,860 | 80,574 | |||||||||
Realtek Semiconductor Corp. |
Semiconductors & Semiconductor Equipment | 1,930 | 23,616 | |||||||||
Ruentex Development Co. Ltd. |
Real Estate Management & Development | 8,180 | 8,920 | |||||||||
Shanghai Commercial & Savings Bank Ltd. |
Banks | 15,146 | 20,293 | |||||||||
a |
Shin Kong Financial Holding Co. Ltd. |
Insurance | 54,041 | 15,519 | ||||||||
Sino-American Silicon Products, Inc. |
Semiconductors & Semiconductor Equipment | 2,300 | 11,186 | |||||||||
SinoPac Financial Holdings Co. Ltd. |
Banks | 46,611 | 25,124 | |||||||||
Synnex Technology International Corp. |
Electronic Equipment, Instruments & Components | 5,200 | 10,326 | |||||||||
Taishin Financial Holding Co. Ltd. |
Banks | 48,268 | 26,765 | |||||||||
Taiwan Business Bank |
Banks | 22,528 | 9,212 | |||||||||
Taiwan Cement Corp. |
Construction Materials | 25,800 | 26,575 | |||||||||
Taiwan Cooperative Financial Holding Co. Ltd. |
Banks | 42,350 | 33,586 | |||||||||
Taiwan Fertilizer Co. Ltd. |
Chemicals | 3,000 | 5,474 | |||||||||
a |
Taiwan Glass Industry Corp. |
Building Products | 7,000 | 4,142 | ||||||||
Taiwan High Speed Rail Corp. |
Transportation Infrastructure | 9,000 | 8,350 | |||||||||
Taiwan Mobile Co. Ltd. |
Wireless Telecommunication Services | 6,860 | 20,104 | |||||||||
Taiwan Secom Co. Ltd. |
Commercial Services & Supplies | 1,020 | 3,365 | |||||||||
Taiwan Semiconductor Manufacturing Co. Ltd. |
Semiconductors & Semiconductor Equipment | 96,840 | 1,568,976 | |||||||||
a |
Tatung Co. Ltd. |
Electrical Equipment | 9,000 | 12,379 | ||||||||
Teco Electric & Machinery Co. Ltd. |
Electrical Equipment | 8,000 | 12,887 | |||||||||
Transcend Information, Inc. |
Technology Hardware, Storage & Peripherals | 1,020 | 2,294 | |||||||||
U-Ming Marine Transport Corp. |
Marine Transportation | 2,000 | 2,965 | |||||||||
Unimicron Technology Corp. |
Electronic Equipment, Instruments & Components | 5,260 | 28,271 | |||||||||
Uni-President Enterprises Corp. |
Food Products | 19,500 | 42,346 | |||||||||
United Microelectronics Corp. |
Semiconductors & Semiconductor Equipment | 48,000 | 67,211 | |||||||||
Vanguard International Semiconductor Corp. |
Semiconductors & Semiconductor Equipment | 3,760 | 7,921 | |||||||||
Voltronic Power Technology Corp. |
Electrical Equipment | 250 | 12,275 | |||||||||
Walsin Lihwa Corp. |
Electrical Equipment | 10,158 | 11,580 | |||||||||
Walsin Technology Corp. |
Electronic Equipment, Instruments & Components | 2,100 | 6,668 | |||||||||
Wan Hai Lines Ltd. |
Marine Transportation | 3,860 | 5,776 | |||||||||
Win Semiconductors Corp. |
Semiconductors & Semiconductor Equipment | 1,500 | 5,994 | |||||||||
Winbond Electronics Corp. |
Semiconductors & Semiconductor Equipment | 12,000 | 9,405 | |||||||||
Wistron Corp. |
Technology Hardware, Storage & Peripherals | 12,000 | 37,732 | |||||||||
Wiwynn Corp. |
Technology Hardware, Storage & Peripherals | 360 | 16,673 | |||||||||
Yageo Corp. |
Electronic Equipment, Instruments & Components | 1,620 | 26,347 | |||||||||
Yang Ming Marine Transport Corp. |
Marine Transportation | 7,500 | 10,560 | |||||||||
Yuanta Financial Holding Co. Ltd. |
Financial Services | 48,840 | 37,900 | |||||||||
Yulon Motor Co. Ltd. |
Automobiles | 2,593 | 6,667 | |||||||||
Zhen Ding Technology Holding Ltd. |
Electronic Equipment, Instruments & Components | 2,260 | 6,889 | |||||||||
|
|
|||||||||||
4,005,455 | ||||||||||||
|
|
|||||||||||
Thailand 2.4% | ||||||||||||
Advanced Info Service PCL, NVDR |
Wireless Telecommunication Services | 4,500 | 28,177 | |||||||||
a |
Airports of Thailand PCL, Class H, NVDR |
Transportation Infrastructure | 17,400 | 33,331 | ||||||||
Asset World Corp. PCL, Class H, NVDR |
Hotels, Restaurants & Leisure | 31,800 | 3,406 | |||||||||
B Grimm Power PCL, Class A, NVDR |
Independent Power Producers & Energy Traders | 2,400 | 1,895 |
franklintempleton.com |
Semiannual Report |
145 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||
Common Stocks (continued) |
||||||||||||
Thailand (continued) | ||||||||||||
Bangkok Bank PCL, Class A, fgn. |
Banks | 1,800 | $ | 8,280 | ||||||||
Bangkok Bank PCL, Class A, NVDR |
Banks | 1,200 | 5,520 | |||||||||
Bangkok Dusit Medical Services PCL, Class A, NVDR |
Health Care Providers & Services | 44,400 | 32,618 | |||||||||
Bangkok Expressway & Metro PCL, Class H, NVDR |
Transportation Infrastructure | 32,400 | 7,385 | |||||||||
Bangkok Life Assurance PCL, Class A, NVDR |
Insurance | 2,400 | 1,829 | |||||||||
Banpu PCL, Class A, NVDR |
Oil, Gas & Consumable Fuels | 24,000 | 5,273 | |||||||||
Berli Jucker PCL, Class A, NVDR |
Consumer Staples Distribution & Retail | 4,200 | 3,547 | |||||||||
BTS Group Holdings PCL, Class A, NVDR |
Ground Transportation | 33,600 | 6,921 | |||||||||
Bumrungrad Hospital PCL, NVDR |
Health Care Providers & Services | 2,400 | 17,664 | |||||||||
Carabao Group PCL, Class A, NVDR |
Beverages | 1,200 | 2,702 | |||||||||
Central Pattana PCL, Class A, NVDR |
Real Estate Management & Development | 10,800 | 18,760 | |||||||||
Central Retail Corp. PCL, Class A, NVDR |
Broadline Retail | 10,800 | 11,493 | |||||||||
Charoen Pokphand Foods PCL, Class A, NVDR |
Food Products | 19,200 | 10,915 | |||||||||
CP ALL PCL, Class B, NVDR |
Consumer Staples Distribution & Retail | 24,000 | 39,876 | |||||||||
CP Axtra PCL, NVDR |
Consumer Staples Distribution & Retail | 6,000 | 5,314 | |||||||||
Delta Electronics Thailand PCL, Class A, NVDR |
Electronic Equipment, Instruments & Components | 11,400 | 25,907 | |||||||||
Digital Telecommunications Infrastructure Fund, Class A, UNIT |
Financial Services | 22,200 | 5,548 | |||||||||
Electricity Generating PCL, Class A, NVDR |
Independent Power Producers & Energy Traders | 1,200 | 3,988 | |||||||||
Energy Absolute PCL, Class A, NVDR |
Independent Power Producers & Energy Traders | 6,600 | 9,244 | |||||||||
Global Power Synergy PCL, NVDR |
Independent Power Producers & Energy Traders | 3,000 | 3,687 | |||||||||
Gulf Energy Development PCL, NVDR |
Independent Power Producers & Energy Traders | 12,000 | 14,995 | |||||||||
Home Product Center PCL, NVDR |
Specialty Retail | 24,000 | 8,239 | |||||||||
Indorama Ventures PCL, NVDR |
Chemicals | 7,200 | 5,141 | |||||||||
Intouch Holdings PCL, NVDR |
Wireless Telecommunication Services | 3,600 | 7,291 | |||||||||
IRPC PCL, NVDR |
Oil, Gas & Consumable Fuels | 41,400 | 2,342 | |||||||||
Kasikornbank PCL, fgn. |
Banks | 5,000 | 17,302 | |||||||||
Kasikornbank PCL, NVDR |
Banks | 1,600 | 5,537 | |||||||||
Krung Thai Bank PCL, NVDR |
Banks | 26,400 | 13,776 | |||||||||
Krungthai Card PCL, NVDR |
Consumer Finance | 5,400 | 6,525 | |||||||||
Land & Houses PCL, NVDR |
Real Estate Management & Development | 33,000 | 7,069 | |||||||||
Minor International PCL, NVDR |
Hotels, Restaurants & Leisure | 16,200 | 13,903 | |||||||||
Muangthai Capital PCL, NVDR |
Consumer Finance | 3,000 | 2,966 | |||||||||
Osotspa PCL, NVDR |
Beverages | 5,400 | 3,708 | |||||||||
PTT Exploration & Production PCL, NVDR |
Oil, Gas & Consumable Fuels | 5,400 | 25,359 | |||||||||
PTT Global Chemical PCL, NVDR |
Chemicals | 8,400 | 7,959 | |||||||||
PTT Oil & Retail Business PCL, NVDR |
Specialty Retail | 11,400 | 5,855 | |||||||||
PTT PCL, NVDR |
Oil, Gas & Consumable Fuels | 57,600 | 52,993 | |||||||||
Ratch Group PCL, NVDR |
Independent Power Producers & Energy Traders | 4,200 | 3,633 | |||||||||
SCB X PCL, NVDR |
Banks | 6,600 | 18,579 | |||||||||
SCG Packaging PCL, NVDR |
Containers & Packaging | 4,800 | 5,042 | |||||||||
Siam Cement PCL, NVDR |
Construction Materials | 3,000 | 24,799 | |||||||||
Siam City Cement PCL, NVDR |
Construction Materials | 600 | 2,200 | |||||||||
Srisawad Corp. PCL, NVDR |
Consumer Finance | 2,400 | 2,818 | |||||||||
Thai Life Insurance PCL, NVDR |
Insurance | 9,600 | 3,427 | |||||||||
Thai Oil PCL, NVDR |
Oil, Gas & Consumable Fuels | 4,200 | 5,825 | |||||||||
Thai Union Group PCL, NVDR |
Food Products | 10,800 | 4,301 | |||||||||
TMBThanachart Bank PCL, NVDR |
Banks | 180,000 | 8,503 | |||||||||
True Corp. PCL, NVDR |
Diversified Telecommunication Services | 43,200 | 8,423 | |||||||||
|
|
|||||||||||
581,790 | ||||||||||||
|
|
|||||||||||
United Kingdom 0.2% | ||||||||||||
CK Hutchison Holdings Ltd., Class A |
Industrial Conglomerates | 10,500 | 56,174 | |||||||||
|
|
146 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
United States 0.2% | ||||||||||||||
b |
JS Global Lifestyle Co. Ltd. |
Household Durables | 5,000 | $ | 830 | |||||||||
Parade Technologies Ltd. |
Semiconductors & Semiconductor Equipment | 300 | 9,145 | |||||||||||
a,b |
Samsonite International SA |
Textiles, Apparel & Luxury Goods | 5,400 | 18,547 | ||||||||||
a |
SharkNinja, Inc. |
Household Durables | 220 | 10,199 | ||||||||||
|
|
|||||||||||||
38,721 | ||||||||||||||
|
|
|||||||||||||
Total
Common Stocks |
24,364,422 | |||||||||||||
|
|
|||||||||||||
Preferred Stocks 0.7% |
||||||||||||||
South Korea 0.7% | ||||||||||||||
e |
Amorepacific Corp., 1.908%, pfd. |
Personal Care Products | 42 | 1,117 | ||||||||||
e |
CJ CheilJedang Corp., 1.494%, pfd. |
Food Products | 6 | 595 | ||||||||||
e |
Hyundai Motor Co., 1.416%, pfd. |
Automobiles | 144 | 11,301 | ||||||||||
e |
Hyundai Motor Co., 1.427%, pfd. |
Automobiles | 90 | 7,010 | ||||||||||
e |
LG Chem Ltd., 3.221%, pfd. |
Chemicals | 30 | 6,936 | ||||||||||
e |
LG Electronics, Inc., 1.659%, pfd. |
Household Durables | 66 | 2,211 | ||||||||||
e |
LG H&H Co. Ltd., 2.322%, pfd. |
Personal Care Products | 10 | 1,293 | ||||||||||
e |
Samsung Electronics Co. Ltd., 1.989%, pfd. |
Technology Hardware, Storage & Peripherals | 3,330 | 134,493 | ||||||||||
e |
Samsung Fire & Marine Insurance Co. Ltd., 7.3%, pfd. |
Insurance | 12 | 1,682 | ||||||||||
e |
Samsung SDI Co. Ltd., 0.442%, pfd. |
Electronic Equipment, Instruments & Components | 6 | 1,087 | ||||||||||
|
|
|||||||||||||
Total
Preferred Stocks |
167,725 | |||||||||||||
|
|
|||||||||||||
Right 0.0%† | ||||||||||||||
South Korea 0.0%† |
||||||||||||||
a |
Hanwha Ocean Co. Ltd. |
Machinery | 65 | 439 | ||||||||||
|
|
|||||||||||||
Total Rights (Cost $0) |
439 | |||||||||||||
|
|
|||||||||||||
Total
Investments |
24,532,586 | |||||||||||||
Other Assets, less Liabilities (0.1)% |
(16,394 | ) | ||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 24,516,192 | ||||||||||||
|
|
†Rounds to less than 0.1% of net assets.
aNon-income producing.
bSecurity was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. At September 30, 2023, the value of was $1,374,496, representing 5.6% of net assets.
cVariable interest entity (VIE). See the Fund’s statement of additional information and/or notes to financial statements regarding investments made through a VIE structure. At September 30, 2023, the aggregate value of these securities was $3,672,513, representing 15.0% of net assets.
dFair valued using significant unobservable inputs. See Note 8 regarding fair value measurements.
eVariable rate security. The rate shown represents the yield at period end.
At September 30, 2023, the Fund had the following futures contracts outstanding. See Note 1(c).
Futures Contracts | ||||||||||||||||||||
Description | Type | Number of Contracts |
Notional Amount* |
Expiration Date |
Value/Unrealized Appreciation (Depreciation) |
|||||||||||||||
Equity Contracts | ||||||||||||||||||||
MSCI China Futures |
Long | 2 | $ | 44,560 | 12/15/23 | $ | (1,605 | ) |
*As of period end.
franklintempleton.com |
Semiannual Report |
147 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Asia ex Japan ETF (continued)
Futures Contracts (continued)
See Note 7 regarding other derivative information.
See Abbreviations on page 324.
148 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE Australia ETF
Six Months Ended September 30, 2023 (unaudited) |
Year Ended March 31, | |||||||||||||||||||||||
2023 | 2022 | 2021 | 2020 | 2019 | ||||||||||||||||||||
Per
share operating performance (for a share outstanding throughout the period) |
||||||||||||||||||||||||
Net asset value, beginning of period |
$ | 26.76 | $ | 31.55 | $ | 29.12 | $ | 17.38 | $ | 24.63 | $ | 24.67 | ||||||||||||
|
|
|||||||||||||||||||||||
Income from investment operationsa: | ||||||||||||||||||||||||
Net investment incomeb |
0.55 | 1.60 | 1.48 | 0.81 | 1.07 | 1.29 | ||||||||||||||||||
Net realized and unrealized gains (losses) |
(1.30 | ) | (4.84 | ) | 2.47 | 11.55 | (7.18 | ) | (0.37 | ) | ||||||||||||||
|
|
|||||||||||||||||||||||
Total from investment operations |
(0.75 | ) | (3.24 | ) | 3.95 | 12.36 | (6.11 | ) | 0.92 | |||||||||||||||
|
|
|||||||||||||||||||||||
Less distributions from net investment income |
(0.48 | ) | (1.55 | ) | (1.52 | ) | (0.62 | ) | (1.14 | ) | (0.96 | ) | ||||||||||||
|
|
|||||||||||||||||||||||
Net asset value, end of period |
$ | 25.53 | $ | 26.76 | $ | 31.55 | $ | 29.12 | $ | 17.38 | $ | 24.63 | ||||||||||||
|
|
|||||||||||||||||||||||
Total returnc |
(2.93)% | (9.90)% | 13.93% | 71.72% | (26.23)% | 4.00% | ||||||||||||||||||
Ratios to average net assetsd | ||||||||||||||||||||||||
Total expenses |
0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | ||||||||||||||||||
Net investment income |
4.14% | 5.94% | 4.93% | 3.25% | 4.28% | 5.30% | ||||||||||||||||||
Supplemental data | ||||||||||||||||||||||||
Net assets, end of period (000’s) |
$29,359 | $29,437 | $29,968 | $23,295 | $7,820 | $7,389 | ||||||||||||||||||
Portfolio turnover ratee |
3.42% | f | 5.88% | f | 15.26% | f | 6.98% | f | 8.16% | f | 4.56% |
aThe amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations for the period due to the timing of sales and repurchases of Creation Unit Fund shares in relation to income earned and/or fluctuating fair value of the investments of the Fund.
bBased on average daily shares outstanding.
cTotal return is not annualized for periods less than one year. Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period.
dRatios are annualized for periods less than one year.
ePortfolio turnover rate includes portfolio transactions that are executed as a result of the Fund offering and redeeming Creation Units solely for cash (“Cash creations”).
f Portfolio turnover rate excluding cash creations was as follows: | 3.42% | 5.88% | 15.26% | 6.98% | 8.16% | — |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
149 |
FRANKLIN TEMPLETON ETF TRUST
Schedule of Investments, September 30, 2023 (unaudited)
Franklin FTSE Australia ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 98.4% |
||||||||||||||
Australia 95.6% | ||||||||||||||
a |
Adbri Ltd. |
Construction Materials | 11,017 | $ | 14,434 | |||||||||
AGL Energy Ltd. |
Multi-Utilities | 14,168 | 98,115 | |||||||||||
a |
Allkem Ltd. |
Metals & Mining | 13,823 | 104,915 | ||||||||||
ALS Ltd. |
Professional Services | 11,454 | 84,791 | |||||||||||
Altium Ltd. |
Software | 2,783 | 77,612 | |||||||||||
a |
Alumina Ltd. |
Metals & Mining | 59,248 | 36,518 | ||||||||||
AMP Ltd. |
Financial Services | 66,148 | 53,578 | |||||||||||
Ampol Ltd. |
Oil, Gas & Consumable Fuels | 5,658 | 123,426 | |||||||||||
Ansell Ltd. |
Health Care Equipment & Supplies | 2,990 | 42,705 | |||||||||||
ANZ Group Holdings Ltd. |
Banks | 71,024 | 1,176,226 | |||||||||||
APA Group |
Gas Utilities | 29,831 | 159,799 | |||||||||||
Aristocrat Leisure Ltd. |
Hotels, Restaurants & Leisure | 15,502 | 408,704 | |||||||||||
ASX Ltd. |
Capital Markets | 4,577 | 168,732 | |||||||||||
Atlas Arteria Ltd. |
Transportation Infrastructure | 34,362 | 122,640 | |||||||||||
Aurizon Holdings Ltd. |
Ground Transportation | 41,952 | 94,495 | |||||||||||
Bank of Queensland Ltd. |
Banks | 15,571 | 57,684 | |||||||||||
Beach Energy Ltd. |
Oil, Gas & Consumable Fuels | 41,653 | 44,088 | |||||||||||
Bendigo & Adelaide Bank Ltd. |
Banks | 13,455 | 77,547 | |||||||||||
BHP Group Ltd. |
Metals & Mining | 119,025 | 3,399,228 | |||||||||||
BlueScope Steel Ltd. |
Metals & Mining | 10,764 | 135,051 | |||||||||||
a |
Boral Ltd. |
Construction Materials | 7,659 | 21,997 | ||||||||||
Brambles Ltd. |
Commercial Services & Supplies | 32,844 | 303,548 | |||||||||||
carsales.com Ltd. |
Interactive Media & Services | 8,533 | 153,871 | |||||||||||
Challenger Ltd. |
Financial Services | 10,534 | 43,647 | |||||||||||
Charter Hall Group |
Diversified REITs | 11,155 | 68,323 | |||||||||||
Cleanaway Waste Management Ltd. |
Commercial Services & Supplies | 52,624 | 82,531 | |||||||||||
Cochlear Ltd. |
Health Care Equipment & Supplies | 1,518 | 250,141 | |||||||||||
Coles Group Ltd. |
Consumer Staples Distribution & Retail | 30,728 | 308,584 | |||||||||||
Commonwealth Bank of Australia |
Banks | 39,905 | 2,574,696 | |||||||||||
Computershare Ltd. |
Professional Services | 14,122 | 236,608 | |||||||||||
CSL Ltd. |
Biotechnology | 11,385 | 1,842,848 | |||||||||||
CSR Ltd. |
Construction Materials | 11,201 | 40,845 | |||||||||||
Deterra Royalties Ltd. |
Metals & Mining | 10,097 | 31,214 | |||||||||||
Dexus |
Office REITs | 25,438 | 119,849 | |||||||||||
Domain Holdings Australia Ltd. |
Interactive Media & Services | 5,980 | 15,438 | |||||||||||
Domino’s Pizza Enterprises Ltd. |
Hotels, Restaurants & Leisure | 1,472 | 50,522 | |||||||||||
Downer EDI Ltd. |
Commercial Services & Supplies | 15,916 | 42,321 | |||||||||||
Endeavour Group Ltd. |
Consumer Staples Distribution & Retail | 32,407 | 110,225 | |||||||||||
Evolution Mining Ltd. |
Metals & Mining | 41,032 | 87,126 | |||||||||||
Flight Centre Travel Group Ltd. |
Hotels, Restaurants & Leisure | 3,749 | 46,892 | |||||||||||
Fortescue Metals Group Ltd. |
Metals & Mining | 37,605 | 507,734 | |||||||||||
Goodman Group |
Industrial REITs | 43,631 | 604,020 | |||||||||||
GPT Group |
Diversified REITs | 45,264 | 113,932 | |||||||||||
Harvey Norman Holdings Ltd. |
Broadline Retail | 14,168 | 35,387 | |||||||||||
IDP Education Ltd. |
Diversified Consumer Services | 6,601 | 91,085 | |||||||||||
IGO Ltd. |
Metals & Mining | 14,720 | 120,274 | |||||||||||
Iluka Resources Ltd. |
Metals & Mining | 9,982 | 49,477 | |||||||||||
Incitec Pivot Ltd. |
Chemicals | 46,046 | 93,315 | |||||||||||
Insignia Financial Ltd. |
Capital Markets | 15,341 | 23,961 | |||||||||||
Insurance Australia Group Ltd. |
Insurance | 57,822 | 211,968 | |||||||||||
JB Hi-Fi Ltd. |
Specialty Retail | 2,576 | 75,513 | |||||||||||
Lendlease Corp. Ltd. |
Real Estate Management & Development | 16,376 | 75,886 | |||||||||||
a |
Liontown Resources Ltd. |
Metals & Mining | 40,687 | 77,203 | ||||||||||
Lottery Corp. Ltd. |
Hotels, Restaurants & Leisure | 52,489 | 159,897 | |||||||||||
a |
Lynas Rare Earths Ltd. |
Metals & Mining | 22,126 | 96,962 | ||||||||||
Macquarie Group Ltd. |
Capital Markets | 8,602 | 931,192 | |||||||||||
Magellan Financial Group Ltd. |
Capital Markets | 3,243 | 19,298 |
150 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Australia ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Australia (continued) | ||||||||||||||
Medibank Pvt Ltd. |
Insurance | 65,251 | $ | 144,869 | ||||||||||
Metcash Ltd. |
Consumer Staples Distribution & Retail | 22,885 | 55,830 | |||||||||||
Mineral Resources Ltd. |
Metals & Mining | 4,048 | 176,689 | |||||||||||
Mirvac Group |
Diversified REITs | 93,403 | 128,401 | |||||||||||
National Australia Bank Ltd. |
Banks | 74,221 | 1,392,518 | |||||||||||
New Hope Corp.. Ltd. |
Oil, Gas & Consumable Fuels | 12,512 | 51,278 | |||||||||||
Newcrest Mining Ltd. |
Metals & Mining | 21,137 | 334,497 | |||||||||||
a |
NEXTDC Ltd. |
IT Services | 12,098 | 96,742 | ||||||||||
Northern Star Resources Ltd. |
Metals & Mining | 26,519 | 179,027 | |||||||||||
Nufarm Ltd. |
Chemicals | 8,924 | 27,358 | |||||||||||
Orica Ltd. |
Chemicals | 10,764 | 108,305 | |||||||||||
Origin Energy Ltd. |
Electric Utilities | 40,641 | 230,297 | |||||||||||
Orora Ltd. |
Containers & Packaging | 31,901 | 56,619 | |||||||||||
Perpetual Ltd. |
Capital Markets | 2,668 | 36,074 | |||||||||||
Pilbara Minerals Ltd. |
Metals & Mining | 67,827 | 188,235 | |||||||||||
Platinum Asset Management Ltd. |
Capital Markets | 12,558 | 10,536 | |||||||||||
Pro Medicus Ltd. |
Health Care Technology | 989 | 53,228 | |||||||||||
a |
Qantas Airways Ltd. |
Passenger Airlines | 19,987 | 66,820 | ||||||||||
QBE Insurance Group Ltd. |
Insurance | 35,213 | 357,033 | |||||||||||
Qube Holdings Ltd. |
Transportation Infrastructure | 39,790 | 73,703 | |||||||||||
Ramsay Health Care Ltd. |
Health Care Providers & Services | 4,117 | 137,824 | |||||||||||
REA Group Ltd. |
Interactive Media & Services | 1,196 | 119,119 | |||||||||||
Reece Ltd. |
Trading Companies & Distributors | 4,968 | 59,734 | |||||||||||
Region RE Ltd. |
Retail REITs | 27,347 | 35,652 | |||||||||||
Rio Tinto Ltd. |
Metals & Mining | 8,786 | 643,883 | |||||||||||
Santos Ltd. |
Oil, Gas & Consumable Fuels | 69,621 | 354,974 | |||||||||||
Scentre Group |
Retail REITs | 122,406 | 194,342 | |||||||||||
SEEK Ltd. |
Interactive Media & Services | 8,303 | 118,268 | |||||||||||
Seven Group Holdings Ltd. |
Trading Companies & Distributors | 3,358 | 67,510 | |||||||||||
Sonic Healthcare Ltd. |
Health Care Providers & Services | 10,603 | 203,927 | |||||||||||
South32 Ltd. |
Metals & Mining | 107,709 | 235,657 | |||||||||||
a |
Star Entertainment Group Ltd. |
Hotels, Restaurants & Leisure | 34,270 | 13,492 | ||||||||||
a |
Star Entertainment Group Ltd. |
Hotels, Restaurants & Leisure | 20,770 | 8,177 | ||||||||||
Steadfast Group Ltd. |
Insurance | 24,357 | 88,661 | |||||||||||
Stockland |
Diversified REITs | 56,511 | 142,971 | |||||||||||
SunCorp. Group Ltd. |
Insurance | 29,923 | 269,793 | |||||||||||
TabCorp. Holdings Ltd. |
Hotels, Restaurants & Leisure | 53,128 | 32,231 | |||||||||||
Telstra Group Ltd. |
Diversified TeleCommunication Services | 95,381 | 237,002 | |||||||||||
TPG TeleCom Ltd. |
Diversified TeleCommunication Services | 8,809 | 31,042 | |||||||||||
Transurban Group |
Transportation Infrastructure | 72,772 | 596,012 | |||||||||||
Treasury Wine Estates Ltd. |
Beverages | 17,112 | 136,174 | |||||||||||
Vicinity Ltd. |
Retail REITs | 89,447 | 97,851 | |||||||||||
Washington H Soul Pattinson & Co.. Ltd. |
Financial Services | 6,256 | 131,586 | |||||||||||
Wesfarmers Ltd. |
Broadline Retail | 26,772 | 913,349 | |||||||||||
Westpac Banking Corp. |
Banks | 82,547 | 1,126,784 | |||||||||||
Whitehaven Coal Ltd. |
Oil, Gas & Consumable Fuels | 16,514 | 75,779 | |||||||||||
WiseTech Global Ltd. |
Software | 3,818 | 160,292 | |||||||||||
Woodside Energy Group Ltd. |
Oil, Gas & Consumable Fuels | 44,689 | 1,052,455 | |||||||||||
Woolworths Group Ltd. |
Consumer Staples Distribution & Retail | 28,819 | 694,144 | |||||||||||
Worley Ltd. |
Construction & Engineering | 8,924 | 100,274 | |||||||||||
YanCo.al Australia Ltd. |
Oil, Gas & Consumable Fuels | 3,933 | 13,123 | |||||||||||
|
|
|||||||||||||
28,058,759 | ||||||||||||||
|
|
|||||||||||||
Ireland 0.9% | ||||||||||||||
a |
James Hardie Industries PLC, CDI |
Construction Materials | 10,396 | 273,684 | ||||||||||
|
|
|||||||||||||
New Zealand 0.7% | ||||||||||||||
a |
Xero Ltd. |
Software | 3,013 | 218,630 | ||||||||||
|
|
franklintempleton.com |
Semiannual Report |
151 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Australia ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
United Kingdom 1.1% | ||||||||||||||
AmCor PLC, CDI |
Containers & Packaging | 34,224 | $ | 314,756 | ||||||||||
|
|
|||||||||||||
United States 0.1% | ||||||||||||||
Sims Ltd. |
Metals & Mining | 3,726 | 32,536 | |||||||||||
|
|
|||||||||||||
Total Common Stocks (Cost $29,147,689) |
28,898,365 | |||||||||||||
|
|
|||||||||||||
Right 0.0%† |
||||||||||||||
Australia 0.0%† | ||||||||||||||
a |
Star Entertainment Group Ltd. |
Hotels, Restaurants & Leisure | 20,770 | 134 | ||||||||||
|
|
|||||||||||||
Total Rights (Cost $0) |
134 | |||||||||||||
|
|
|||||||||||||
Total Investments (Cost $29,147,689) 98.4% . |
28,898,499 | |||||||||||||
Other Assets, less Liabilities 1.6% |
460,383 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 29,358,882 | ||||||||||||
|
|
†Rounds to less than 0.1% of net assets.
aNon-Income producing.
At September 30, 2023, the Fund had the following futures Contracts outstanding. See Note 1(c).
Futures Contracts
Description | Type | Number of Contracts |
Notional Amount* |
Expiration Date |
Value/Unrealized Appreciation (Depreciation) |
|||||||||||||||
Index Contracts | ||||||||||||||||||||
SPI 200 FUTURES DEC23 |
Long | 4 | $ | 457,330 | 12/21/23 | $ | (15,318 | ) |
*As of period end.
See Note 7 regarding other derivative information.
See Abbreviations on page 324.
152 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE Brazil ETF
Six
Months Ended September 30, 2023 |
Year Ended March 31, | |||||||||||||||||||||||
(unaudited) | 2023 | 2022 | 2021 | 2020 | 2019 | |||||||||||||||||||
Per share operating performance | ||||||||||||||||||||||||
(for a share outstanding throughout the period) |
||||||||||||||||||||||||
Net asset value, beginning of period |
$ | 16.81 | $ | 23.56 | $ | 20.70 | $ | 14.46 | $ | 25.72 | $ | 27.87 | ||||||||||||
|
|
|
|
|||||||||||||||||||||
Inc.ome from investment operationsa: | ||||||||||||||||||||||||
Net investment Inc.omeb |
0.87 | 2.06 | 1.84 | 0.46 | 1.07 | 0.80 | ||||||||||||||||||
Net realized and unrealized gains (losses) |
1.90 | (6.74 | ) | 2.55 | 6.31 | (11.33 | ) | (2.07 | ) | |||||||||||||||
|
|
|
|
|||||||||||||||||||||
Total from investment operations |
2.77 | (4.68 | ) | 4.39 | 6.77 | (10.26 | ) | (1.27 | ) | |||||||||||||||
|
|
|
|
|||||||||||||||||||||
Less distributions from net investment Inc.ome |
(1.14 | ) | (2.07 | ) | (1.53 | ) | (0.53 | ) | (1.00 | ) | (0.88 | ) | ||||||||||||
|
|
|
|
|||||||||||||||||||||
Net asset value, end of period |
$ | 18.44 | $ | 16.81 | $ | 23.56 | $ | 20.70 | $ | 14.46 | $ | 25.72 | ||||||||||||
|
|
|
|
|||||||||||||||||||||
Total returnc |
16.15% | (19.57 | )% | 23.03% | 46.83% | (41.69 | )% | (3.98 | )% | |||||||||||||||
Ratios to average net assetsd | ||||||||||||||||||||||||
Total expenses |
0.19% | 0.19% | 0.19% | 0.19% | 0.23% | 0.19% | ||||||||||||||||||
Net investment Inc.ome |
9.42% | 10.93% | 8.87% | 2.43% | 4.26% | 3.37% | ||||||||||||||||||
Supplemental data | ||||||||||||||||||||||||
Net assets, end of period (000’s) |
$127,236 | $268,914 | $527,820 | $107,656 | $102,700 | $20,579 | ||||||||||||||||||
Portfolio turnover ratee |
7.94%f | 52.70%f | 17.71%f | 21.01%f | 36.07%f | 39.76% |
a The amount shown for a share outstanding throughout the period may not Correlate with the Statement of Operations for the period due to the timing of sales and repurchases of Creation Unit Fund shares in relation to Income earned and/or fluctuating fair value of the investments of the Fund. b Based on average daily shares outstanding. c Total return is not annualized for periods less than one year. Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period. d Ratios are annualized for periods less than one year. ePortfolio turnover rate Includes portfolio transactions that are executed as a result of the Fund offering and redeeming Creation Units solely for cash (“Cash creations”).
|
f Portfolio turnover rate excluding cash creations was as follows: | 2.48 | % | 13.82 | % | 14.95 | % | 9.31 | % | 17.47 | % | — |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
153 |
FRANKLIN TEMPLETON ETF TRUST
Schedule of Investments, September 30, 2023 (unaudited)
Franklin FTSE Brazil ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 70.4% |
||||||||||||||
Brazil 69.2% | ||||||||||||||
Aliansce Sonae Shopping Centers SA |
Real Estate Management & Development | 144,900 | $ | 653,978 | ||||||||||
Alupar Investimento SA, UNIT |
Electric Utilities | 34,500 | 198,238 | |||||||||||
Ambev SA |
Beverages | 1,352,400 | 3,542,309 | |||||||||||
Atacadao SA |
Consumer Staples Distribution & Retail | 165,600 | 294,462 | |||||||||||
Auren Energia SA |
Independent Power Producers & Energy Traders | 110,443 | 302,961 | |||||||||||
B3 SA—Brasil Bolsa Balcao |
Capital Markets | 1,780,200 | 4,371,186 | |||||||||||
Banco Bradesco SA |
Banks | 469,200 | 1,186,780 | |||||||||||
Banco BTG Pactual SA |
Capital Markets | 407,100 | 2,527,091 | |||||||||||
Banco do Brasil SA |
Banks | 266,604 | 2,513,062 | |||||||||||
Banco Santander Brasil SA |
Banks | 117,300 | 610,498 | |||||||||||
BB Seguridade Participacoes SA |
Insurance | 207,000 | 1,290,752 | |||||||||||
Bradespar SA |
Metals & Mining | 6,900 | 28,881 | |||||||||||
a |
BRF SA |
Food Products | 289,800 | 589,999 | ||||||||||
Caixa Seguridade Participacoes SA |
Insurance | 138,000 | 307,696 | |||||||||||
CCR SA |
Transportation Infrastructure | 345,000 | 888,486 | |||||||||||
Centrais Eletricas Brasileiras SA |
Electric Utilities | 407,100 | 3,000,463 | |||||||||||
Cia de Saneamento Basico do Estado de Sao |
||||||||||||||
Paulo SABESP |
Water Utilities | 105,500 | 1,286,395 | |||||||||||
Cia Energetica de Minas Gerais |
Electric Utilities | 103,500 | 394,959 | |||||||||||
Cia Paranaense de Energia |
Electric Utilities | 241,500 | 405,781 | |||||||||||
Cia Siderurgica Nacional SA |
Metals & Mining | 193,200 | 468,602 | |||||||||||
Cielo SA |
Financial Services | 358,800 | 251,616 | |||||||||||
Cosan SA |
Oil, Gas & Consumable Fuels | 372,600 | 1,275,946 | |||||||||||
CPFL Energia SA |
Electric Utilities | 55,200 | 370,669 | |||||||||||
CSN Mineracao SA |
Metals & Mining | 165,600 | 160,465 | |||||||||||
Dexco SA |
Paper & Forest Products | 103,760 | 159,624 | |||||||||||
Diagnosticos da America SA |
Health Care Providers & Services | 82,800 | 204,634 | |||||||||||
a |
Embraer SA |
Aerospace & Defense | 227,700 | 783,384 | ||||||||||
Energisa SA |
Electric Utilities | 89,780 | 838,571 | |||||||||||
a |
Eneva SA |
Independent Power Producers & Energy Traders | 379,500 | 914,403 | ||||||||||
Engie Brasil Energia SA |
Independent Power Producers & Energy Traders | 55,200 | 456,912 | |||||||||||
Equatorial Energia SA |
Electric Utilities | 269,104 | 1,723,702 | |||||||||||
b |
GPS Participacoes e Empreendimentos SA |
Commercial Services & Supplies | 131,100 | 450,254 | ||||||||||
Grupo De Moda Soma SA |
Textiles, Apparel & Luxury Goods | 138,000 | 183,349 | |||||||||||
a |
Grupo Mateus SA |
Consumer Staples Distribution & Retail | 124,200 | 169,729 | ||||||||||
a,b |
Hapvida Participacoes e Investimentos SA |
Health Care Providers & Services | 1,476,600 | 1,386,562 | ||||||||||
Hypera SA |
Pharmaceuticals | 124,200 | 921,599 | |||||||||||
Intelbras SA Industria de Telecomunicacao |
||||||||||||||
Eletronica Brasileira |
Communications Equipment | 20,700 | 85,609 | |||||||||||
Itau Unibanco Holding SA |
Banks | 138,000 | 635,795 | |||||||||||
Klabin SA |
Containers & Packaging | 234,600 | 1,116,005 | |||||||||||
Localiza Rent a Car SA |
Ground Transportation | 261,281 | 3,056,944 | |||||||||||
Lojas Renner SA |
Specialty Retail | 296,730 | 794,410 | |||||||||||
M Dias Branco SA |
Food Products | 38,600 | 281,719 | |||||||||||
a |
Magazine Luiza SA |
Broadline Retail | 945,300 | 400,391 | ||||||||||
Multiplan Empreendimentos Imobiliarios SA |
Real Estate Management & Development | 89,700 | 440,328 | |||||||||||
a |
Natura & Co. Holding SA |
Personal Care Products | 296,716 | 863,139 | ||||||||||
Neoenergia SA |
Electric Utilities | 69,000 | 253,794 | |||||||||||
Petroleo Brasileiro SA |
Oil, Gas & Consumable Fuels | 1,149,100 | 8,698,833 | |||||||||||
Porto Seguro SA |
Insurance | 55,200 | 289,940 | |||||||||||
a |
PRIO SA |
Oil, Gas & Consumable Fuels | 207,000 | 1,945,433 | ||||||||||
Raia Drogasil SA |
Consumer Staples Distribution & Retail | 345,044 | 1,904,043 | |||||||||||
b |
Rede D’Or Sao Luiz SA |
Health Care Providers & Services | 241,502 | 1,226,038 | ||||||||||
Rumo SA |
Ground Transportation | 386,400 | 1,761,697 | |||||||||||
Sao Martinho SA |
Food Products | 48,300 | 378,858 | |||||||||||
Sendas Distribuidora SA |
Consumer Staples Distribution & Retail | 420,900 | 1,022,565 | |||||||||||
SLC Agricola SA |
Food Products | 33,340 | 262,380 |
154 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Brazil ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Brazil (continued) | ||||||||||||||
a |
Smartfit Escola de Ginastica e Danca SA |
Hotels, Restaurants & Leisure | 34,500 | $ | 148,196 | |||||||||
Suzano SA |
Paper & Forest Products | 218,900 | 2,373,910 | |||||||||||
Telefonica Brasil SA |
Diversified TelecommunicationServices | 136,500 | 1,177,589 | |||||||||||
TIM SA |
Wireless Telecommunication Services | 255,300 | 759,494 | |||||||||||
TOTVS SA |
Software | 138,000 | 744,426 | |||||||||||
Transmissora Alianca de Energia Eletrica SA |
Electric Utilities | 69,000 | 476,432 | |||||||||||
Ultrapar Participacoes SA |
Oil, Gas & Consumable Fuels | 255,300 | 956,380 | |||||||||||
Usinas Siderurgicas de Minas Gerais SA Usiminas . |
Metals & Mining | 55,200 | 76,538 | |||||||||||
Vale SA |
Metals & Mining | 1,176,700 | 15,887,754 | |||||||||||
Vamos Locacao de Caminhoes Maquinas e |
||||||||||||||
Equipamentos SA |
Ground Transportation | 117,300 | 228,497 | |||||||||||
Vibra Energia SA |
Specialty Retail | 345,000 | 1,304,124 | |||||||||||
WEG SA |
Electrical Equipment | 462,300 | 3,350,040 | |||||||||||
88,015,299 | ||||||||||||||
|
|
|||||||||||||
United States 1.2% | ||||||||||||||
JBS SA |
Food Products | 420,900 | 1,517,870 | |||||||||||
|
|
|||||||||||||
Total
Common Stocks |
89,533,169 | |||||||||||||
|
|
|||||||||||||
Preferred Stocks 26.4% |
||||||||||||||
Brazil 26.4% | ||||||||||||||
a,c |
Alpargatas SA, pfd |
Textiles, Apparel & Luxury Goods | 75,900 | 122,072 | ||||||||||
c |
Banco Bradesco SA, 5.993%, pfd |
Banks | 1,614,600 | 4,612,959 | ||||||||||
c |
Bradespar SA, 12.315%, pfd |
Metals & Mining | 75,984 | 344,913 | ||||||||||
a,c |
Braskem SA, Class A, pfd |
Chemicals | 55,200 | 226,306 | ||||||||||
c |
Centrais Eletricas Brasileiras SA, Class B, 3.703%, pfd |
Electric Utilities | 86,800 | 699,748 | ||||||||||
c |
Cia Energetica de Minas Gerais, 7.703%, pfd |
Electric Utilities | 393,300 | 975,157 | ||||||||||
c |
Cia Paranaense de Energia, 3.482%, pfd. |
Electric Utilities | 407,100 | 728,765 | ||||||||||
c |
CTEEP-Cia de Transmissao de Energia Eletrica |
|||||||||||||
Paulista, 3.859%, pfd. |
Electric Utilities | 62,100 | 290,326 | |||||||||||
c |
Gerdau SA, 12.607%, pfd. |
Metals & Mining | 331,200 | 1,596,711 | ||||||||||
c |
Itau Unibanco Holding SA, 4.671%, pfd. |
Banks | 1,497,300 | 8,139,841 | ||||||||||
c |
Itausa SA, 6.464%, pfd. |
Banks | 1,621,510 | 2,931,884 | ||||||||||
a,c |
Itausa SA, pfd. |
Banks | 21,153 | 38,247 | ||||||||||
c |
Metalurgica Gerdau SA, 9.758%, pfd. |
Metals & Mining | 207,000 | 461,130 | ||||||||||
c |
Petroleo Brasileiro SA, 9.792%, pfd |
Oil, Gas & Consumable Fuels | 1,738,800 | 12,033,891 | ||||||||||
c |
Unipar Carbocloro SA, Class B, 8.522%, pfd. |
Chemicals | 15,840 | 256,436 | ||||||||||
c |
Usinas Siderurgicas de Minas Gerais SA Usiminas, |
|||||||||||||
Class A, 4.955%, pfd. |
Metals & Mining | 144,900 | 192,227 | |||||||||||
|
|
|||||||||||||
Total
Preferred Stocks |
33,650,613 | |||||||||||||
|
|
franklintempleton.com |
Semiannual Report |
155 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS
Franklin FTSE Brazil ETF (continued)
Industry | Shares | Value | ||||||||||||
Right 0.0%† |
||||||||||||||
Brazil 0.0%† | ||||||||||||||
a |
Localiza Rent a Car SA |
Ground Transportation | 1,915 | $ | 6,121 | |||||||||
|
|
|||||||||||||
Total Rights (Cost $0) |
6,121 | |||||||||||||
|
|
|||||||||||||
Total Investments (Cost $102,245,130) 96.8% |
123,189,903 | |||||||||||||
Other Assets, less Liabilities 3.2% |
4,045,865 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 127,235,768 | ||||||||||||
|
|
†Rounds to less than 0.1% of net assets.
aNon-income producing.
bSecurity was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. At September 30, 2023, the value of was $3,062,854, representing 2.4% of net assets.
cVariable rate security. The rate shown represents the yield at period end.
At September 30, 2023, the Fund had the following futures contracts outstanding. See Note 1(c).
Futures Contracts | ||||||||||||||||||||
Description | Type | Number of Contracts |
Notional Amount* |
Expiration Date |
Value/Unrealized Appreciation (Depreciation) |
|||||||||||||||
Equity Contracts | ||||||||||||||||||||
Bovespa Index |
Long | 180 | $ | 4,215,608 | 10/18/23 | $ | (89,896 | ) |
*As of period end.
See Note 7 regarding other derivative information.
See Abbreviations on page 324.
156 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE Canada ETF
Six Months Ended September 30, 2023 (unaudited) |
Year Ended March 31, | |||||||||||||||||||||||
2023 | 2022 | 2021 | 2020 | 2019 | ||||||||||||||||||||
Per share operating performance (for a share outstanding throughout the period) |
||||||||||||||||||||||||
Net asset value, beginning of period |
$ | 30.76 | $ | 36.07 | $ | 30.20 | $ | 19.50 | $ | 24.13 | $ | 23.77 | ||||||||||||
|
|
|||||||||||||||||||||||
Income from investment operationsa: |
||||||||||||||||||||||||
Net investment incomeb |
0.46 | 0.92 | 0.80 | 0.75 | 0.69 | 0.67 | ||||||||||||||||||
Net realized and unrealized gains (losses) |
(0.69 | ) | (5.58 | ) | 5.77 | 10.63 | (4.72 | ) | 0.33 | |||||||||||||||
|
|
|||||||||||||||||||||||
Total from investment operations |
(0.23 | ) | (4.66 | ) | 6.57 | 11.38 | (4.03 | ) | 1.00 | |||||||||||||||
|
|
|||||||||||||||||||||||
Less distributions from net investment income |
(0.30 | ) | (0.65 | ) | (0.70 | ) | (0.68 | ) | (0.60 | ) | (0.64 | ) | ||||||||||||
|
|
|||||||||||||||||||||||
Net asset value, end of period |
$ | 30.23 | $ | 30.76 | $ | 36.07 | $ | 30.20 | $ | 19.50 | $ | 24.13 | ||||||||||||
|
|
|||||||||||||||||||||||
Total returnc |
(0.77)% | (12.82)% | 21.95% | 59.10% | (17.25)% | 4.48% | ||||||||||||||||||
Ratios to average net assetsd | ||||||||||||||||||||||||
Total expenses |
0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | ||||||||||||||||||
Net investment income |
2.97% | 3.00% | 2.37% | 2.88% | 2.73% | 2.79% | ||||||||||||||||||
Supplemental data | ||||||||||||||||||||||||
Net assets, end of period (000’s) |
$331,027 | $279,927 | $43,289 | $24,160 | $4,876 | $4,827 | ||||||||||||||||||
Portfolio turnover ratee |
3.45%f | 5.27%f | 5.63%f | 3.14%f | 4.57%f | 6.95% |
a The amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations for the period due to the timing of sales and repurchases of Creation Unit Fund shares in relation to income earned and/or fluctuating fair value of the investments of the Fund.
b Based on average daily shares outstanding.
c Total return is not annualized for periods less than one year. Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period.
d Ratios are annualized for periods less than one year.
e Portfolio turnover rate includes portfolio transactions that are executed as a result of the Fund offering and redeeming Creation Units solely for cash (“Cash creations”).
f Portfolio turnover rate excluding cash creations was as follows: | 2.41% | 5.27% | 5.63% | 3.14% | 4.57% | — |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
157 |
FRANKLIN TEMPLETON ETF TRUST
Schedule of Investments, September 30, 2023 (unaudited)
Franklin FTSE Canada ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 99.5% |
||||||||||||||
Canada 97.2% | ||||||||||||||
Agnico Eagle Mines Ltd. |
Metals & Mining | 99,645 | $ | 4,548,883 | ||||||||||
Alimentation Couche-Tard, Inc. |
Consumer Staples Distribution & Retail | 163,374 | 8,335,458 | |||||||||||
Bank of Montreal |
Banks | 154,614 | 13,103,308 | |||||||||||
Bank of Nova Scotia |
Banks | 259,734 | 11,695,714 | |||||||||||
Barrick Gold Corp. |
Metals & Mining | 382,593 | 5,583,254 | |||||||||||
BCE, Inc. |
Diversified Telecommunication Services | 66,138 | 2,536,431 | |||||||||||
Brookfield Asset Management Ltd., Class A |
Capital Markets | 58,911 | 1,972,124 | |||||||||||
Brookfield Corp. |
Capital Markets | 327,186 | 10,277,803 | |||||||||||
Canadian Imperial Bank of Commerce, Class A |
Banks | 192,063 | 7,448,124 | |||||||||||
Canadian National Railway Co. |
Ground Transportation | 126,801 | 13,795,236 | |||||||||||
Canadian Natural Resources Ltd. |
Oil, Gas & Consumable Fuels | 232,797 | 15,124,918 | |||||||||||
Canadian Pacific Kansas City Ltd. |
Ground Transportation | 202,356 | 15,110,845 | |||||||||||
Canadian Tire Corp. Ltd., Class A |
Broadline Retail | 11,388 | 1,230,190 | |||||||||||
Cenovus Energy, Inc. |
Oil, Gas & Consumable Fuels | 302,220 | 6,321,584 | |||||||||||
a |
CGI, Inc., Class A |
IT Services | 45,990 | 4,554,099 | ||||||||||
Constellation Software, Inc. |
Software | 4,151 | 8,609,242 | |||||||||||
Dollarama, Inc. |
Broadline Retail | 59,130 | 4,092,741 | |||||||||||
Enbridge, Inc. |
Oil, Gas & Consumable Fuels | 460,338 | 15,338,925 | |||||||||||
Fairfax Financial Holdings Ltd. |
Insurance | 4,698 | 3,852,812 | |||||||||||
Fortis, Inc. |
Electric Utilities | 105,558 | 4,027,912 | |||||||||||
Franco-Nevada Corp. |
Metals & Mining | 41,391 | 5,551,354 | |||||||||||
George Weston Ltd. |
Consumer Staples Distribution & Retail | 14,673 | 1,634,759 | |||||||||||
Great-West Lifeco, Inc. |
Insurance | 58,893 | 1,692,738 | |||||||||||
b |
Hydro One Ltd. |
Electric Utilities | 68,529 | 1,752,761 | ||||||||||
IGM Financial, Inc. |
Capital Markets | 17,739 | 452,003 | |||||||||||
Imperial Oil Ltd. |
Oil, Gas & Consumable Fuels | 38,763 | 2,398,604 | |||||||||||
Intact Financial Corp. |
Insurance | 38,325 | 5,613,252 | |||||||||||
Loblaw Cos. Ltd. |
Consumer Staples Distribution & Retail | 33,507 | 2,859,991 | |||||||||||
Magna International, Inc. |
Automobile Components | 58,035 | 3,124,532 | |||||||||||
Manulife Financial Corp. |
Insurance | 406,464 | 7,461,861 | |||||||||||
Metro, Inc., Class A |
Consumer Staples Distribution & Retail | 50,792 | 2,650,050 | |||||||||||
National Bank of Canada |
Banks | 73,146 | 4,881,630 | |||||||||||
Nutrien Ltd. |
Chemicals | 108,843 | 6,752,774 | |||||||||||
Pembina Pipeline Corp. |
Oil, Gas & Consumable Fuels | 119,775 | 3,618,055 | |||||||||||
Power Corp. of Canada |
Insurance | 117,147 | 2,996,260 | |||||||||||
Restaurant Brands International, Inc. |
Hotels, Restaurants & Leisure | 67,014 | 4,483,296 | |||||||||||
Royal Bank of Canada |
Banks | 302,001 | 26,514,437 | |||||||||||
Saputo, Inc. |
Food Products | 52,980 | 1,112,894 | |||||||||||
a |
Shopify, Inc., Class A |
IT Services | 248,346 | 13,618,619 | ||||||||||
Sun Life Financial, Inc. |
Insurance | 127,896 | 6,268,985 | |||||||||||
Suncor Energy, Inc. |
Oil, Gas & Consumable Fuels | 287,985 | 9,949,541 | |||||||||||
TC Energy Corp. |
Oil, Gas & Consumable Fuels | 224,256 | 7,747,779 | |||||||||||
Teck Resources Ltd., Class B |
Metals & Mining | 97,236 | 4,204,450 | |||||||||||
TELUS Corp. |
Diversified Telecommunication Services | 104,025 | 1,706,564 | |||||||||||
Thomson Reuters Corp. |
Professional Services | 34,164 | 4,198,735 | |||||||||||
Toronto-Dominion Bank |
Banks | 396,171 | 23,978,308 | |||||||||||
Tourmaline Oil Corp. |
Oil, Gas & Consumable Fuels | 62,196 | 3,144,302 | |||||||||||
Wheaton Precious Metals Corp. |
Metals & Mining | 98,331 | 4,008,879 | |||||||||||
|
|
|||||||||||||
321,937,016 | ||||||||||||||
|
|
|||||||||||||
United States 2.3% |
||||||||||||||
Waste Connections, Inc. |
Commercial Services & Supplies | 56,064 | 7,562,420 | |||||||||||
|
|
|||||||||||||
Total Common Stocks (Cost $356,955,305) |
329,499,436 | |||||||||||||
|
|
158 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS
Franklin FTSE Canada ETF (continued)
Industry | Shares | Value | ||||||||||||
Warrant 0.0%† |
||||||||||||||
Canada 0.0%† | ||||||||||||||
a,c |
Constellation Software, Inc. |
Software | 3,981 | $ | — | |||||||||
|
|
|||||||||||||
Total Warrants (Cost $0) |
— | |||||||||||||
|
|
|||||||||||||
Total Investments (Cost $356,955,305) 99.5% |
329,499,436 | |||||||||||||
Other Assets, less Liabilities 0.5% |
1,527,358 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 331,026,794 | ||||||||||||
|
|
†Rounds to less than 0.1% of net assets.
aNon-income producing.
bSecurity was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. At September 30, 2023, the value of was $1,752,761, representing 0.5% of net assets.
cFair valued using significant unobservable inputs. See Note 8 regarding fair value measurements.
At September 30, 2023, the Fund had the following futures contracts outstanding. See Note 1(c).
Futures Contracts | ||||||||||||||||||||
Description | Type | Number of Contracts |
Notional Amount* |
Expiration Date |
Value/Unrealized Appreciation (Depreciation) |
|||||||||||||||
Index Contracts | ||||||||||||||||||||
S&P/TSX 60 Index |
Long | 8 | $ | 1,392,071 | 12/14/23 | $ | (24,971 | ) |
*As of period end.
See Note 7 regarding other derivative information.
See Abbreviations on page 324.
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
159 |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE China ETF
Six Months Ended (unaudited) |
Year Ended March 31, | |||||||||||||||||||||||
2023 | 2022 | 2021 | 2020 | 2019 | ||||||||||||||||||||
Per share operating performance (for a share outstanding throughout the period) |
||||||||||||||||||||||||
Net asset value, beginning of period |
$ | 19.70 | $ | 21.43 | $ | 31.78 | $ | 22.19 | $ | 24.01 | $ | 25.99 | ||||||||||||
|
|
|||||||||||||||||||||||
Income from investment operationsa: |
||||||||||||||||||||||||
Net investment incomeb |
0.36 | 0.54 | 0.49 | 0.32 | 0.45 | 0.40 | ||||||||||||||||||
Net realized and unrealized gains (losses) |
(2.69 | ) | (1.77 | ) | (10.47 | ) | 9.56 | (1.78 | ) | (1.99 | ) | |||||||||||||
|
|
|||||||||||||||||||||||
Total from investment operations |
(2.33 | ) | (1.23 | ) | (9.98 | ) | 9.88 | (1.33 | ) | (1.59 | ) | |||||||||||||
|
|
|||||||||||||||||||||||
Less distributions from net investment income |
(0.19 | ) | (0.50 | ) | (0.37 | ) | (0.29 | ) | (0.49 | ) | (0.39 | ) | ||||||||||||
|
|
|||||||||||||||||||||||
Net asset value, end of period |
$ | 17.18 | $ | 19.70 | $ | 21.43 | $ | 31.78 | $ | 22.19 | $ | 24.01 | ||||||||||||
|
|
|||||||||||||||||||||||
Total returnc |
(11.92)% | (5.68)% | (31.63)% | 44.67% | (5.64)% | (5.94)% | ||||||||||||||||||
Ratios to average net assetsd | ||||||||||||||||||||||||
Expenses before waiver and payments by affiliates |
0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | ||||||||||||||||||
Expenses net of waiver and payments by affiliates |
0.19% | 0.19% | 0.19% | 0.19% | 0.19% | —% | ||||||||||||||||||
Net investment income |
3.97% | 2.82% | 1.80% | 1.06% | 1.94% | 1.70% | ||||||||||||||||||
Supplemental data | ||||||||||||||||||||||||
Net assets, end of period (000’s) |
$ | 106,502 | $ | 114,234 | $ | 111,454 | $ | 120,782 | $ | 48,807 | $ | 43,220 | ||||||||||||
Portfolio turnover ratee |
5.73%f | 9.69%f | 12.78%f | 15.97%f | 32.47%f | 7.21% |
aThe amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations for the period due to the timing of sales and repurchases of Creation Unit Fund shares in relation to income earned and/or fluctuating fair value of the investments of the Fund.
bBased on average daily shares outstanding.
cTotal return is not annualized for periods less than one year. Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period.
dRatios are annualized for periods less than one year.
ePortfolio turnover rate includes portfolio transactions that are executed as a result of the Fund offering and redeeming Creation Units solely for cash (“Cash creations”).
fPortfolio turnover rate excluding cash creations was as follows: | 5.73% | 9.69% | 12.00% | 15.31% | 32.47% | — |
160 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Schedule of Investments, September 30, 2023 (unaudited)
Franklin FTSE China ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 99.7% |
||||||||||||||
China 96.3% | ||||||||||||||
a |
360 Security Technology, Inc., Class A |
Software | 27,900 | $ | 37,643 | |||||||||
37 Interactive Entertainment Network Technology Group Co. Ltd., Class A |
Entertainment | 6,200 | 18,466 | |||||||||||
3peak, Inc., Class A |
Semiconductors & Semiconductor Equipment | 321 | 8,019 | |||||||||||
b |
3SBio, Inc., Class A |
Biotechnology | 93,000 | 77,779 | ||||||||||
Addsino Co. Ltd., Class A |
Communications Equipment | 6,200 | 7,310 | |||||||||||
Advanced Micro-Fabrication Equipment, Inc. China, Class A |
Semiconductors & Semiconductor Equipment | 2,325 | 48,043 | |||||||||||
AECC Aero-Engine Control Co. Ltd., Class A |
Aerospace & Defense | 6,200 | 18,270 | |||||||||||
AECC Aviation Power Co. Ltd., Class A |
Aerospace & Defense | 12,400 | 63,228 | |||||||||||
Agricultural Bank of China Ltd., Class A |
Banks | 350,300 | 173,089 | |||||||||||
Agricultural Bank of China Ltd., Class H |
Banks | 1,612,000 | 601,013 | |||||||||||
Aier Eye Hospital Group Co. Ltd., Class A |
Health Care Providers & Services | 36,184 | 89,246 | |||||||||||
a |
Air China Ltd., Class A |
Passenger Airlines | 34,100 | 37,817 | ||||||||||
a |
Air China Ltd., Class H |
Passenger Airlines | 86,000 | 58,088 | ||||||||||
a,b |
Akeso, Inc. |
Biotechnology | 26,600 | 122,270 | ||||||||||
a,c |
Alibaba Group Holding Ltd., Class A |
Broadline Retail | 894,048 | 9,771,703 | ||||||||||
a,b |
A-Living Smart City Services Co. Ltd., Class H |
Real Estate Management & Development | 38,750 | 21,869 | ||||||||||
Aluminum Corp. of China Ltd., Class A |
Metals & Mining | 52,700 | 45,425 | |||||||||||
Aluminum Corp. of China Ltd., Class H |
Metals & Mining | 186,000 | 104,021 | |||||||||||
a |
Amlogic Shanghai Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 2,014 | 17,429 | ||||||||||
Angang Steel Co. Ltd., Class A |
Metals & Mining | 24,800 | 9,293 | |||||||||||
Angang Steel Co. Ltd., Class H |
Metals & Mining | 80,000 | 20,021 | |||||||||||
Angel Yeast Co. Ltd., Class A |
Food Products | 3,100 | 14,296 | |||||||||||
b |
Angelalign Technology, Inc. |
Health Care Equipment & Supplies | 2,400 | 14,908 | ||||||||||
Anhui Anke Biotechnology Group Co. Ltd., Class A |
Biotechnology | 7,316 | 9,991 | |||||||||||
Anhui Conch Cement Co. Ltd., Class A |
Construction Materials | 15,500 | 55,377 | |||||||||||
Anhui Conch Cement Co. Ltd., Class H |
Construction Materials | 65,430 | 174,188 | |||||||||||
Anhui Expressway Co. Ltd., Class H |
Transportation Infrastructure | 18,000 | 18,823 | |||||||||||
Anhui Gujing Distillery Co. Ltd., Class A |
Beverages | 1,500 | 55,959 | |||||||||||
Anhui Gujing Distillery Co. Ltd., Class B |
Beverages | 6,200 | 103,705 | |||||||||||
Anhui Zhongding Sealing Parts Co. Ltd., Class A |
Automobile Components | 6,200 | 10,280 | |||||||||||
Anjoy Foods Group Co. Ltd., Class A |
Food Products | 1,100 | 18,721 | |||||||||||
ANTA Sports Products Ltd., Class A |
Textiles, Apparel & Luxury Goods | 66,000 | 742,851 | |||||||||||
Apeloa Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals | 6,200 | 15,309 | |||||||||||
Asymchem Laboratories Tianjin Co. Ltd., Class A |
Pharmaceuticals | 1,200 | 24,986 | |||||||||||
c |
Autohome, Inc., ADR |
Interactive Media & Services | 3,193 | 96,908 | ||||||||||
Avary Holding Shenzhen Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 3,100 | 8,663 | |||||||||||
AVIC Industry-Finance Holdings Co. Ltd., Class A |
Financial Services | 34,100 | 16,381 | |||||||||||
AviChina Industry & Technology Co. Ltd., Class H |
Aerospace & Defense | 124,000 | 58,898 | |||||||||||
Avicopter PLC, Class A |
Aerospace & Defense | 3,100 | 16,105 | |||||||||||
b |
BAIC Motor Corp. Ltd., Class H |
Automobiles | 124,000 | 37,524 | ||||||||||
a,c |
Baidu, Inc., Class A |
Interactive Media & Services | 117,800 | 2,006,489 | ||||||||||
Bank of Beijing Co. Ltd., Class A |
Banks | 77,500 | 49,250 | |||||||||||
Bank of Changsha Co. Ltd., Class A |
Banks | 15,500 | 17,424 | |||||||||||
Bank of Chengdu Co. Ltd., Class A |
Banks | 6,200 | 11,709 | |||||||||||
Bank of China Ltd., Class A |
Banks | 167,400 | 86,621 | |||||||||||
Bank of China Ltd., Class H |
Banks | 3,999,000 | 1,399,064 | |||||||||||
Bank of Communications Co. Ltd., Class A |
Banks | 145,700 | 115,188 | |||||||||||
Bank of Communications Co. Ltd., Class H |
Banks | 372,000 | 225,142 | |||||||||||
Bank of Guiyang Co. Ltd., Class A |
Banks | 15,500 | 11,892 | |||||||||||
Bank of Hangzhou Co. Ltd., Class A |
Banks | 21,700 | 33,239 |
franklintempleton.com |
Semiannual Report |
161 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Bank of Jiangsu Co. Ltd., Class A |
Banks | 21,700 | $ | 21,385 | ||||||||||
Bank of Nanjing Co. Ltd., Class A |
Banks | 40,300 | 44,527 | |||||||||||
Bank of Ningbo Co. Ltd., Class A |
Banks | 24,820 | 91,537 | |||||||||||
Bank of Qingdao Co. Ltd., Class A |
Banks | 18,600 | 8,884 | |||||||||||
Bank of Shanghai Co. Ltd., Class A |
Banks | 52,700 | 44,629 | |||||||||||
a |
Bank of Zhengzhou Co. Ltd., Class A |
Banks | 25,778 | 7,536 | ||||||||||
Baoshan Iron & Steel Co. Ltd., Class A |
Metals & Mining | 71,300 | 59,598 | |||||||||||
BBMG Corp., Class A |
Construction Materials | 21,700 | 6,553 | |||||||||||
BBMG Corp., Class H |
Construction Materials | 124,000 | 12,825 | |||||||||||
a |
BeiGene Ltd. |
Biotechnology | 33,200 | 456,127 | ||||||||||
Beijing Capital Development Co. Ltd., Class A |
Real Estate Management & Development | 9,300 | 5,221 | |||||||||||
Beijing Capital Eco-Environment Protection Group Co. Ltd., Class A |
Water Utilities | 31,000 | 12,084 | |||||||||||
a |
Beijing Capital International Airport Co. Ltd., Class H |
Transportation Infrastructure | 62,000 | 28,736 | ||||||||||
Beijing Dabeinong Technology Group Co. Ltd., Class A |
Food Products | 15,500 | 14,360 | |||||||||||
Beijing Easpring Material Technology Co. Ltd., Class A |
Electrical Equipment | 3,100 | 17,913 | |||||||||||
a |
Beijing E-Hualu Information Technology Co. Ltd., Class A |
Software | 3,100 | 14,701 | ||||||||||
Beijing Enlight Media Co. Ltd., Class A |
Entertainment | 12,400 | 14,637 | |||||||||||
Beijing Enterprises Holdings Ltd., Class H |
Gas Utilities | 25,000 | 86,187 | |||||||||||
a |
Beijing Jetsen Technology Co. Ltd., Class A |
Entertainment | 9,300 | 6,638 | ||||||||||
Beijing Jingneng Clean Energy Co. Ltd., Class H |
Independent Power Producers & Energy Traders | 62,000 | 12,904 | |||||||||||
Beijing Kingsoft Office Software, Inc., Class A |
Software | 1,812 | 92,220 | |||||||||||
Beijing New Building Materials PLC, Class A |
Building Products | 6,200 | 25,572 | |||||||||||
a |
Beijing Orient National Communication Science & Technology Co. Ltd., Class A |
Software | 6,200 | 9,267 | ||||||||||
Beijing Originwater Technology Co. Ltd., Class A |
Commercial Services & Supplies | 15,535 | 10,938 | |||||||||||
a |
Beijing Shiji Information Technology Co. Ltd., Class A |
Software | 11,924 | 18,739 | ||||||||||
a |
Beijing Shougang Co. Ltd., Class A |
Metals & Mining | 31,000 | 16,169 | ||||||||||
a |
Beijing Shunxin Agriculture Co. Ltd., Class A |
Beverages | 3,100 | 9,846 | ||||||||||
a |
Beijing Sinnet Technology Co. Ltd., Class A |
IT Services | 6,400 | 8,609 | ||||||||||
Beijing Tongrentang Co. Ltd., Class A |
Pharmaceuticals | 6,200 | 46,616 | |||||||||||
Beijing Ultrapower Software Co. Ltd., Class A |
IT Services | 6,200 | 8,561 | |||||||||||
Beijing United Information Technology Co. Ltd., Class A |
Trading Companies & Distributors | 2,523 | 11,507 | |||||||||||
Beijing Wantai Biological Pharmacy Enterprise Co. Ltd., Class A |
Biotechnology | 3,121 | 20,553 | |||||||||||
Beijing Yanjing Brewery Co. Ltd., Class A |
Beverages | 12,400 | 17,139 | |||||||||||
Beijing Yuanliu Hongyuan Electronic Technology Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 800 | 6,796 | |||||||||||
Beijing Zhong Ke San Huan High-Tech Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 3,460 | 5,167 | |||||||||||
Beijing-Shanghai High Speed Railway Co. Ltd., Class A |
Ground Transportation | 55,800 | 39,290 | |||||||||||
Bethel Automotive Safety Systems Co. Ltd., Class A |
Automobile Components | 1,600 | 16,141 | |||||||||||
a,c |
Bilibili, Inc., Class Z |
Entertainment | 12,400 | 171,469 | ||||||||||
Bloomage Biotechnology Corp. Ltd., Class A |
Biotechnology | 1,333 | 15,870 | |||||||||||
b |
Blue Moon Group Holdings Ltd. |
Household Products | 46,500 | 15,437 | ||||||||||
a |
Bluefocus Intelligent Communications Group Co. Ltd., Class A |
Media | 9,300 | 9,918 |
162 |
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FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
BOC International China Co. Ltd., Class A |
Capital Markets | 3,100 | $ | 4,842 | ||||||||||
BOE Technology Group Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 142,600 | 75,550 | |||||||||||
BOE Technology Group Co. Ltd., Class B |
Electronic Equipment, Instruments & Components | 37,200 | 12,397 | |||||||||||
Bright Dairy & Food Co. Ltd., Class A |
Food Products | 6,200 | 8,765 | |||||||||||
a |
BTG Hotels Group Co. Ltd., Class A |
Hotels, Restaurants & Leisure | 3,100 | 7,331 | ||||||||||
BYD Co. Ltd., Class A |
Automobiles | 6,700 | 217,670 | |||||||||||
BYD Co. Ltd., Class H |
Automobiles | 51,562 | 1,593,238 | |||||||||||
BYD Electronic International Co. Ltd. |
Communications Equipment | 41,500 | 189,170 | |||||||||||
By-health Co. Ltd., Class A |
Personal Care Products | 6,200 | 16,160 | |||||||||||
C&D International Investment Group Ltd. |
Real Estate Management & Development | 31,000 | 75,443 | |||||||||||
C&S Paper Co. Ltd., Class A |
Household Products | 6,200 | 8,723 | |||||||||||
Caida Securities Co. Ltd., Class A |
Capital Markets | 6,200 | 6,799 | |||||||||||
Caitong Securities Co. Ltd., Class A |
Capital Markets | 18,660 | 20,182 | |||||||||||
a |
Cambricon Technologies Corp. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 899 | 15,294 | ||||||||||
Canmax Technologies Co. Ltd., Class A |
Chemicals | 3,970 | 14,004 | |||||||||||
a,b |
CanSino Biologics, Inc., Class H |
Pharmaceuticals | 5,100 | 15,889 | ||||||||||
CECEP Solar Energy Co. Ltd., Class A |
Independent Power Producers & Energy Traders | 15,500 | 12,318 | |||||||||||
CECEP Wind-Power Corp., Class A |
Independent Power Producers & Energy Traders | 28,180 | 12,648 | |||||||||||
Central China Securities Co. Ltd., Class A |
Capital Markets | 12,400 | 6,740 | |||||||||||
Central China Securities Co. Ltd., Class H |
Capital Markets | 62,000 | 9,025 | |||||||||||
CETC Cyberspace Security Technology Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 3,100 | 10,118 | |||||||||||
CGN Power Co. Ltd., Class A |
Independent Power Producers & Energy Traders | 27,900 | 12,024 | |||||||||||
b |
CGN Power Co. Ltd., Class H |
Independent Power Producers & Energy Traders | 589,000 | 152,668 | ||||||||||
Changchun High & New Technology Industry Group, Inc., Class A |
Pharmaceuticals | 1,500 | 28,617 | |||||||||||
Changjiang Securities Co. Ltd., Class A |
Capital Markets | 21,700 | 17,364 | |||||||||||
Changzhou Xingyu Automotive Lighting Systems Co. Ltd., Class A |
Automobile Components | 1,000 | 20,863 | |||||||||||
Chaozhou Three-Circle Group Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 9,300 | 39,570 | |||||||||||
Chengdu Xingrong Environment Co. Ltd., Class A |
Water Utilities | 12,400 | 9,122 | |||||||||||
Chengxin Lithium Group Co. Ltd., Class A |
Chemicals | 3,100 | 9,514 | |||||||||||
China Baoan Group Co. Ltd., Class A |
Industrial Conglomerates | 9,300 | 13,301 | |||||||||||
a,b |
China Bohai Bank Co. Ltd., Class H |
Banks | 170,500 | 25,036 | ||||||||||
China Cinda Asset Management Co. Ltd., Class H |
Capital Markets | 465,000 | 46,905 | |||||||||||
China CITIC Bank Corp. Ltd., Class A |
Banks | 37,200 | 29,205 | |||||||||||
China CITIC Bank Corp. Ltd., Class H |
Banks | 496,000 | 230,525 | |||||||||||
China Coal Energy Co. Ltd., Class A |
Oil, Gas & Consumable Fuels | 18,600 | 22,313 | |||||||||||
China Coal Energy Co. Ltd., Class H |
Oil, Gas & Consumable Fuels | 124,000 | 97,213 | |||||||||||
China Communications Services Corp. Ltd., Class H |
Construction & Engineering | 134,000 | 56,291 | |||||||||||
China Conch Venture Holdings Ltd. |
Construction & Engineering | 77,500 | 66,102 | |||||||||||
China Construction Bank Corp., Class A |
Banks | 37,200 | 32,167 | |||||||||||
China Construction Bank Corp., Class H |
Banks | 4,898,000 | 2,764,246 | |||||||||||
China CSSC Holdings Ltd., Class A |
Machinery | 18,600 | 71,227 | |||||||||||
a |
China Eastern Airlines Corp. Ltd., Class A |
Passenger Airlines | 52,700 | 31,826 | ||||||||||
a |
China Eastern Airlines Corp. Ltd., Class H |
Passenger Airlines | 124,000 | 42,274 | ||||||||||
China Energy Engineering Corp. Ltd. |
Construction & Engineering | 120,900 | 37,503 | |||||||||||
China Energy Engineering Corp. Ltd., Class H |
Construction & Engineering | 248,000 | 28,499 | |||||||||||
China Everbright Bank Co. Ltd., Class A |
Banks | 173,600 | 73,150 | |||||||||||
China Everbright Bank Co. Ltd., Class H |
Banks | 155,000 | 46,509 | |||||||||||
b |
China Feihe Ltd. |
Food Products | 217,000 | 128,008 | ||||||||||
China Galaxy Securities Co. Ltd., Class A |
Capital Markets | 9,300 | 14,028 | |||||||||||
China Galaxy Securities Co. Ltd., Class H |
Capital Markets | 186,000 | 95,947 | |||||||||||
China Great Wall Securities Co. Ltd., Class A |
Capital Markets | 15,500 | 17,658 |
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163 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
China Greatwall Technology Group Co. Ltd., Class A |
Technology Hardware, Storage & Peripherals | 12,400 | $ | 17,853 | ||||||||||
China Green Electricity Investment of Tianjin Co. Ltd., Class A |
Real Estate Management & Development | 6,200 | 9,335 | |||||||||||
China Hongqiao Group Ltd. |
Metals & Mining | 124,000 | 121,437 | |||||||||||
a,b |
China Huarong Asset Management Co. Ltd., Class H |
Capital Markets | 837,000 | 40,077 | ||||||||||
China International Capital Corp. Ltd., Class A |
Capital Markets | 3,100 | 15,939 | |||||||||||
b |
China International Capital Corp. Ltd., Class H |
Capital Markets | 74,400 | 136,415 | ||||||||||
China International Marine Containers Group Co. Ltd., Class A |
Machinery | 9,750 | 9,501 | |||||||||||
China International Marine Containers Group Co. Ltd., Class H |
Machinery | 37,200 | 21,469 | |||||||||||
China Jinmao Holdings Group Ltd., Class A |
Real Estate Management & Development | 310,000 | 39,978 | |||||||||||
China Jushi Co. Ltd., Class A |
Construction Materials | 13,687 | 25,361 | |||||||||||
China Lesso Group Holdings Ltd. |
Building Products | 62,000 | 33,011 | |||||||||||
c |
China Life Insurance Co. Ltd., Class H |
Insurance | 392,000 | 610,635 | ||||||||||
a,b |
China Literature Ltd., Class A |
Media | 18,600 | 68,041 | ||||||||||
China Longyuan Power Group Corp. Ltd., Class H |
Independent Power Producers & Energy Traders | 186,000 | 161,969 | |||||||||||
China Medical System Holdings Ltd. |
Pharmaceuticals | 62,000 | 93,888 | |||||||||||
China Meheco Co. Ltd., Class A |
Health Care Providers & Services | 6,240 | 10,603 | |||||||||||
China Meidong Auto Holdings Ltd. |
Specialty Retail | 22,000 | 12,051 | |||||||||||
China Merchants Bank Co. Ltd., Class A |
Banks | 76,000 | 343,921 | |||||||||||
China Merchants Bank Co. Ltd., Class H |
Banks | 201,500 | 841,315 | |||||||||||
China Merchants Energy Shipping Co. Ltd., Class A |
Oil, Gas & Consumable Fuels | 31,000 | 27,359 | |||||||||||
China Merchants Expressway Network & Technology Holdings Co. Ltd., Class A |
Transportation Infrastructure | 6,200 | 8,212 | |||||||||||
China Merchants Port Holdings Co. Ltd. |
Transportation Infrastructure | 64,620 | 80,446 | |||||||||||
China Merchants Property Operation & Service Co. Ltd., Class A |
Real Estate Management & Development | 3,100 | 6,140 | |||||||||||
China Merchants Securities Co. Ltd., Class A |
Capital Markets | 27,900 | 53,535 | |||||||||||
b |
China Merchants Securities Co. Ltd., Class H |
Capital Markets | 18,600 | 16,292 | ||||||||||
China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A |
Real Estate Management & Development | 31,000 | 52,718 | |||||||||||
China Minsheng Banking Corp. Ltd., Class A |
Banks | 130,200 | 68,623 | |||||||||||
China Minsheng Banking Corp. Ltd., Class H |
Banks | 341,000 | 116,688 | |||||||||||
China National Accord Medicines Corp. Ltd., Class B |
Health Care Providers & Services | 3,970 | 7,036 | |||||||||||
China National Building Material Co. Ltd., Class H |
Construction Materials | 248,000 | 130,145 | |||||||||||
China National Chemical Engineering Co. Ltd., Class A |
Construction & Engineering | 24,800 | 26,482 | |||||||||||
China National Nuclear Power Co. Ltd., Class A |
Independent Power Producers & Energy Traders | 65,100 | 65,227 | |||||||||||
China National Software & Service Co. Ltd., Class A |
Software | 3,970 | 20,646 | |||||||||||
China Northern Rare Earth Group High-Tech Co. Ltd., Class A |
Metals & Mining | 15,500 | 46,357 | |||||||||||
China Oilfield Services Ltd., Class A |
Energy Equipment & Services | 6,200 | 13,803 | |||||||||||
China Oilfield Services Ltd., Class H |
Energy Equipment & Services | 96,000 | 115,222 | |||||||||||
China Overseas Land & Investment Ltd., Class A |
Real Estate Management & Development | 201,500 | 417,827 | |||||||||||
China Pacific Insurance Group Co. Ltd., Class A |
Insurance | 27,900 | 109,482 | |||||||||||
China Pacific Insurance Group Co. Ltd., Class H |
Insurance | 136,400 | 341,355 | |||||||||||
China Petroleum & Chemical Corp., Class A |
Oil, Gas & Consumable Fuels | 124,000 | 103,308 | |||||||||||
China Petroleum & Chemical Corp., Class H |
Oil, Gas & Consumable Fuels | 1,302,000 | 711,525 |
164 |
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FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
China Railway Group Ltd., Class A |
Construction & Engineering | 77,500 | $ | 72,546 | ||||||||||
China Railway Group Ltd., Class H |
Construction & Engineering | 217,000 | 111,938 | |||||||||||
China Railway Signal & Communication Corp. Ltd., Class A |
Electronic Equipment, Instruments & Components | 26,846 | 19,455 | |||||||||||
b |
China Railway Signal & Communication Corp. Ltd., Class H |
Electronic Equipment, Instruments & Components | 93,000 | 29,686 | ||||||||||
China Rare Earth Resources & Technology Co. Ltd., Class A |
Metals & Mining | 3,100 | 12,250 | |||||||||||
China Reinsurance Group Corp., Class H |
Insurance | 372,000 | 22,562 | |||||||||||
China Resources Cement Holdings Ltd. |
Construction Materials | 124,000 | 31,824 | |||||||||||
China Resources Double Crane Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals | 3,100 | 7,429 | |||||||||||
China Resources Microelectronics Ltd., Class A |
Semiconductors & Semiconductor Equipment | 4,381 | 32,525 | |||||||||||
b |
China Resources Mixc Lifestyle Services Ltd. |
Real Estate Management & Development | 31,000 | 125,079 | ||||||||||
b |
China Resources Pharmaceutical Group Ltd., Class A |
Pharmaceuticals | 77,500 | 51,457 | ||||||||||
China Resources Power Holdings Co. Ltd. |
Independent Power Producers & Energy Traders | 100,300 | 191,332 | |||||||||||
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals | 4,300 | 29,580 | |||||||||||
a,c |
China Ruyi Holdings Ltd. |
Entertainment | 248,000 | 64,281 | ||||||||||
China Shenhua Energy Co. Ltd., Class A |
Oil, Gas & Consumable Fuels | 24,800 | 106,202 | |||||||||||
China Shenhua Energy Co. Ltd., Class H |
Oil, Gas & Consumable Fuels | 177,286 | 574,968 | |||||||||||
China South Publishing & Media Group Co. Ltd., Class A |
Media | 6,200 | 10,212 | |||||||||||
a |
China Southern Airlines Co. Ltd., Class A |
Passenger Airlines | 46,500 | 39,060 | ||||||||||
a |
China Southern Airlines Co. Ltd., Class H |
Passenger Airlines | 82,000 | 39,891 | ||||||||||
China Southern Power Grid Energy Efficiency&Clean Energy Co. Ltd., Class A |
Commercial Services & Supplies | 12,400 | 9,803 | |||||||||||
China State Construction Engineering Corp. Ltd., Class A |
Construction & Engineering | 155,000 | 117,647 | |||||||||||
China Suntien Green Energy Corp. Ltd., Class H |
Oil, Gas & Consumable Fuels | 93,000 | 32,180 | |||||||||||
China Taiping Insurance Holdings Co. Ltd. |
Insurance | 74,400 | 74,097 | |||||||||||
China Three Gorges Renewables Group Co. Ltd., Class A |
Independent Power Producers & Energy Traders | 99,200 | 65,083 | |||||||||||
China Tourism Group Duty Free Corp. Ltd., Class A |
Specialty Retail | 7,500 | 109,086 | |||||||||||
b |
China Tourism Group Duty Free Corp. Ltd., Class H |
Specialty Retail | 6,200 | 82,251 | ||||||||||
b |
China Tower Corp. Ltd., Class H |
Diversified Telecommunication Services | 2,480,000 | 237,492 | ||||||||||
a |
China TransInfo Technology Co. Ltd., Class A |
IT Services | 3,100 | 5,080 | ||||||||||
China United Network Communications Ltd., Class A |
Wireless Telecommunication Services | 105,400 | 71,031 | |||||||||||
China Vanke Co. Ltd., Class A |
Real Estate Management & Development | 37,200 | 66,785 | |||||||||||
China Vanke Co. Ltd., Class H |
Real Estate Management & Development | 117,800 | 129,955 | |||||||||||
China World Trade Center Co. Ltd., Class A |
Real Estate Management & Development | 3,100 | 8,242 | |||||||||||
China Yangtze Power Co. Ltd., Class A |
Independent Power Producers & Energy Traders | 93,000 | 283,886 | |||||||||||
China Zhenhua Group Science & Technology Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 1,800 | 20,004 | |||||||||||
China Zheshang Bank Co. Ltd., Class A |
Banks | 40,300 | 14,160 | |||||||||||
Chinalin Securities Co. Ltd., Class A |
Capital Markets | 3,100 | 6,004 | |||||||||||
Chinese Universe Publishing & Media Group Co. Ltd., Class A |
Media | 6,200 | 10,663 | |||||||||||
Chongqing Brewery Co. Ltd., Class A |
Beverages | 1,700 | 19,894 | |||||||||||
Chongqing Changan Automobile Co. Ltd., Class A |
Automobiles | 32,144 | 59,296 |
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Semiannual Report |
165 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Chongqing Changan Automobile Co. Ltd., Class B |
Automobiles | 81,172 | $ | 37,415 | ||||||||||
Chongqing Fuling Zhacai Group Co. Ltd., Class A |
Food Products | 3,970 | 8,593 | |||||||||||
Chongqing Rural Commercial Bank Co. Ltd., Class A |
Banks | 18,600 | 10,212 | |||||||||||
Chongqing Rural Commercial Bank Co. Ltd., Class H |
Banks | 124,000 | 45,757 | |||||||||||
Chongqing Water Group Co. Ltd., Class A |
Water Utilities | 9,300 | 7,097 | |||||||||||
Chongqing Zhifei Biological Products Co. Ltd., Class A |
Biotechnology | 9,300 | 62,126 | |||||||||||
CITIC Ltd., Class B |
Industrial Conglomerates | 248,000 | 227,992 | |||||||||||
Citic Pacific Special Steel Group Co. Ltd., Class A |
Metals & Mining | 19,480 | 39,598 | |||||||||||
CITIC Securities Co. Ltd., Class A |
Capital Markets | 46,500 | 138,241 | |||||||||||
CITIC Securities Co. Ltd., Class H |
Capital Markets | 117,200 | 237,637 | |||||||||||
CMOC Group Ltd., Class A |
Metals & Mining | 34,100 | 27,661 | |||||||||||
CMOC Group Ltd., Class H |
Metals & Mining | 207,000 | 132,946 | |||||||||||
CMST Development Co. Ltd., Class A |
Air Freight & Logistics | 9,300 | 6,765 | |||||||||||
CNGR Advanced Material Co. Ltd., Class A |
Chemicals | 3,100 | 21,551 | |||||||||||
CNOOC Energy Technology & Services Ltd., Class A |
Energy Equipment & Services | 21,700 | 9,739 | |||||||||||
CNPC Capital Co. Ltd., Class A |
Banks | 18,600 | 16,900 | |||||||||||
Contemporary Amperex Technology Co. Ltd., Class A |
Electrical Equipment | 16,620 | 463,145 | |||||||||||
COSCO SHIPPING Development Co. Ltd., Class A |
Trading Companies & Distributors | 43,400 | 14,177 | |||||||||||
COSCO SHIPPING Development Co. Ltd., Class H |
Trading Companies & Distributors | 186,000 | 20,187 | |||||||||||
COSCO SHIPPING Energy Transportation Co. Ltd., Class A |
Oil, Gas & Consumable Fuels | 12,400 | 23,010 | |||||||||||
COSCO SHIPPING Energy Transportation Co. Ltd., Class H |
Oil, Gas & Consumable Fuels | 70,000 | 76,508 | |||||||||||
COSCO SHIPPING Holdings Co. Ltd., Class A |
Marine Transportation | 48,480 | 65,277 | |||||||||||
COSCO SHIPPING Holdings Co. Ltd., Class H |
Marine Transportation | 155,000 | 158,922 | |||||||||||
a |
Country Garden Holdings Co. Ltd. |
Real Estate Management & Development | 682,000 | 79,243 | ||||||||||
Country Garden Services Holdings Co. Ltd. |
Real Estate Management & Development | 108,100 | 111,525 | |||||||||||
CRRC Corp. Ltd., Class A |
Machinery | 89,900 | 72,061 | |||||||||||
CRRC Corp. Ltd., Class H |
Machinery | 217,000 | 104,734 | |||||||||||
CSC Financial Co. Ltd., Class A |
Capital Markets | 18,600 | 62,828 | |||||||||||
b |
CSC Financial Co. Ltd., Class H |
Capital Markets | 46,500 | 47,083 | ||||||||||
CSG Holding Co. Ltd., Class A |
Construction Materials | 6,200 | 4,800 | |||||||||||
CSG Holding Co. Ltd., Class B |
Construction Materials | 65,100 | 20,448 | |||||||||||
CSPC Pharmaceutical Group Ltd. |
Pharmaceuticals | 442,000 | 323,944 | |||||||||||
Daan Gene Co. Ltd., Class A |
Biotechnology | 4,340 | 5,820 | |||||||||||
a,c |
Dada Nexus Ltd., Class A, ADR |
Consumer Staples Distribution & Retail | 4,030 | 17,933 | ||||||||||
Daqin Railway Co. Ltd., Class A |
Ground Transportation | 55,800 | 55,833 | |||||||||||
a |
Daqo New Energy Corp., ADR |
Semiconductors & Semiconductor Equipment | 2,728 | 82,577 | ||||||||||
DaShenLin Pharmaceutical Group Co. Ltd., Class A |
Consumer Staples Distribution & Retail | 1,382 | 4,771 | |||||||||||
Datang International Power Generation Co. Ltd., Class A |
Independent Power Producers & Energy Traders | 27,900 | 10,186 | |||||||||||
Datang International Power Generation Co. Ltd., Class H |
Independent Power Producers & Energy Traders | 124,000 | 19,316 | |||||||||||
DHC Software Co. Ltd., Class A |
IT Services | 18,600 | 16,594 | |||||||||||
Dian Diagnostics Group Co. Ltd., Class A |
Health Care Providers & Services | 3,100 | 9,999 | |||||||||||
Do-Fluoride New Materials Co. Ltd., Class A |
Chemicals | 4,260 | 9,384 |
166 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Dong-E-E-Jiao Co. Ltd., Class A |
Pharmaceuticals | 3,100 | $ | 20,874 | ||||||||||
Dongfang Electric Corp. Ltd., Class A |
Electrical Equipment | 9,300 | 19,964 | |||||||||||
Dongfang Electric Corp. Ltd., Class H |
Electrical Equipment | 18,600 | 20,662 | |||||||||||
Dongfeng Motor Group Co. Ltd., Class H |
Automobiles | 164,500 | 64,902 | |||||||||||
Dongguan Yiheda Automation Co. Ltd., Class A |
Machinery | 3,100 | 15,181 | |||||||||||
Dongxing Securities Co. Ltd., Class A |
Capital Markets | 12,400 | 13,837 | |||||||||||
a,b,c |
East Buy Holding Ltd. |
Diversified Consumer Services | 21,500 | 101,435 | ||||||||||
East Group Co. Ltd., Class A |
Electrical Equipment | 9,300 | 7,863 | |||||||||||
East Money Information Co. Ltd., Class A |
Capital Markets | 59,576 | 124,291 | |||||||||||
Eastern Air Logistics Co. Ltd., Class A |
Air Freight & Logistics | 6,200 | 10,399 | |||||||||||
Eastroc Beverage Group Co. Ltd., Class A |
Beverages | 700 | 17,570 | |||||||||||
Ecovacs Robotics Co. Ltd., Class A |
Household Durables | 2,200 | 14,645 | |||||||||||
ENN Energy Holdings Ltd. |
Gas Utilities | 40,300 | 334,468 | |||||||||||
ENN Natural Gas Co. Ltd., Class A |
Gas Utilities | 12,400 | 29,648 | |||||||||||
Eternal Asia Supply Chain Management Ltd., Class A |
Commercial Services & Supplies | 12,400 | 7,540 | |||||||||||
Eve Energy Co. Ltd., Class A |
Electrical Equipment | 7,200 | 44,589 | |||||||||||
Everbright Securities Co. Ltd., Class A |
Capital Markets | 15,500 | 35,443 | |||||||||||
b |
Everbright Securities Co. Ltd., Class H |
Capital Markets | 12,400 | 8,946 | ||||||||||
a |
Fangda Carbon New Material Co. Ltd., Class A |
Electrical Equipment | 15,500 | 12,297 | ||||||||||
a |
FAW Jiefang Group Co. Ltd. |
Machinery | 9,300 | 11,080 | ||||||||||
Fiberhome Telecommunication Technologies Co. Ltd., Class A |
Communications Equipment | 6,200 | 16,637 | |||||||||||
Financial Street Holdings Co. Ltd., Class A |
Real Estate Management & Development | 12,400 | 7,421 | |||||||||||
First Capital Securities Co. Ltd., Class A |
Capital Markets | 18,600 | 15,037 | |||||||||||
Flat Glass Group Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 3,100 | 12,050 | |||||||||||
Flat Glass Group Co. Ltd., Class H |
Semiconductors & Semiconductor Equipment | 24,000 | 53,934 | |||||||||||
Focus Media Information Technology Co. Ltd., Class A |
Media | 52,700 | 51,718 | |||||||||||
Foshan Haitian Flavouring & Food Co. Ltd., Class A |
Food Products | 17,873 | 93,195 | |||||||||||
Fosun International Ltd. |
Industrial Conglomerates | 108,500 | 68,576 | |||||||||||
Founder Securities Co. Ltd., Class A |
Capital Markets | 24,800 | 25,189 | |||||||||||
Foxconn Industrial Internet Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 46,500 | 125,732 | |||||||||||
Fujian Funeng Co. Ltd., Class A |
Independent Power Producers & Energy Traders | 7,940 | 9,285 | |||||||||||
Fujian Sunner Development Co. Ltd., Class A |
Food Products | 6,200 | 16,339 | |||||||||||
a,c |
Full Truck Alliance Co. Ltd., ADR |
Ground Transportation | 35,619 | 250,758 | ||||||||||
Fuyao Glass Industry Group Co. Ltd., Class A |
Automobile Components | 9,300 | 47,127 | |||||||||||
b |
Fuyao Glass Industry Group Co. Ltd., Class H |
Automobile Components | 32,000 | 146,683 | ||||||||||
Ganfeng Lithium Group Co. Ltd., Class A |
Chemicals | 6,460 | 39,545 | |||||||||||
b |
Ganfeng Lithium Group Co. Ltd., Class H |
Chemicals | 21,260 | 87,273 | ||||||||||
G-bits Network Technology Xiamen Co. Ltd., Class A |
Entertainment | 300 | 15,055 | |||||||||||
a |
GCL System Integration Technology Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 24,800 | 9,769 | ||||||||||
GCL Technology Holdings Ltd. |
Semiconductors & Semiconductor Equipment | 1,085,000 | 202,264 | |||||||||||
GD Power Development Co. Ltd., Class A |
Independent Power Producers & Energy Traders | 68,200 | 34,448 | |||||||||||
a,c |
GDS Holdings Ltd., Class A |
IT Services | 49,600 | 68,398 | ||||||||||
GEM Co. Ltd., Class A |
Metals & Mining | 21,700 | 18,139 | |||||||||||
Gemdale Corp., Class A |
Real Estate Management & Development | 18,600 | 17,411 | |||||||||||
a |
Genscript Biotech Corp. |
Life Sciences Tools & Services | 52,707 | 138,971 | ||||||||||
GF Securities Co. Ltd., Class A |
Capital Markets | 21,700 | 43,693 | |||||||||||
GF Securities Co. Ltd., Class H |
Capital Markets | 55,800 | 74,952 | |||||||||||
a,b |
Giant Biogene Holding Co. Ltd. |
Personal Care Products | 18,600 | 80,628 | ||||||||||
Giant Network Group Co. Ltd., Class A |
Entertainment | 12,400 | 22,023 | |||||||||||
GigaDevice Semiconductor, Inc., Class A |
Semiconductors & Semiconductor Equipment | 3,148 | 42,603 | |||||||||||
Ginlong Technologies Co. Ltd., Class A |
Electrical Equipment | 1,350 | 14,547 |
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SCHEDULE OF INVESTMENTS
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Glarun Technology Co. Ltd., Class A |
Communications Equipment | 6,200 | $ | 12,765 | ||||||||||
GoerTek, Inc., Class A |
Electronic Equipment, Instruments & Components | 12,400 | 26,857 | |||||||||||
Goldwind Science & Technology Co. Ltd., Class A |
Electrical Equipment | 12,400 | 15,709 | |||||||||||
Goldwind Science & Technology Co. Ltd., Class H |
Electrical Equipment | 37,200 | 18,762 | |||||||||||
GoodWe Technologies Co. Ltd., Class A |
Electrical Equipment | 509 | 9,235 | |||||||||||
a |
Gotion High-tech Co. Ltd., Class A |
Electrical Equipment | 6,200 | 19,743 | ||||||||||
a |
Grandjoy Holdings Group Co. Ltd., Class A |
Real Estate Management & Development | 18,600 | 9,369 | ||||||||||
Great Wall Motor Co. Ltd., Class A |
Automobiles | 12,400 | 43,689 | |||||||||||
Great Wall Motor Co. Ltd., Class H |
Automobiles | 124,000 | 147,878 | |||||||||||
Gree Electric Appliances, Inc. of Zhuhai, Class A |
Household Durables | 12,400 | 61,781 | |||||||||||
Greentown China Holdings Ltd. |
Real Estate Management & Development | 46,500 | 48,270 | |||||||||||
GRG Banking Equipment Co. Ltd., Class A |
Technology Hardware, Storage & Peripherals | 9,300 | 15,445 | |||||||||||
Guangdong Baolihua New Energy Stock Co. Ltd., Class A |
Independent Power Producers & Energy Traders | 9,300 | 6,880 | |||||||||||
a |
Guangdong Electric Power Development Co. Ltd., Class A |
Independent Power Producers & Energy Traders | 9,300 | 7,620 | ||||||||||
a |
Guangdong Electric Power Development Co. Ltd., Class B |
Independent Power Producers & Energy Traders | 43,400 | 12,524 | ||||||||||
a |
Guangdong Golden Dragon Development, Inc., Class A |
Capital Markets | 3,100 | 5,523 | ||||||||||
Guangdong Haid Group Co. Ltd., Class A |
Food Products | 6,400 | 39,749 | |||||||||||
a |
Guangdong HEC Technology Holding Co. Ltd., Class A |
Metals & Mining | 12,400 | 11,301 | ||||||||||
Guangdong Kinlong Hardware Products Co. Ltd., Class A |
Building Products | 700 | 4,989 | |||||||||||
Guangdong Xinbao Electrical Appliances Holdings Co. Ltd., Class A |
Household Durables | 3,100 | 7,501 | |||||||||||
Guanghui Energy Co. Ltd., Class A |
Oil, Gas & Consumable Fuels | 24,800 | 26,006 | |||||||||||
a |
Guangshen Railway Co. Ltd., Class A |
Ground Transportation | 24,800 | 9,837 | ||||||||||
a |
Guangshen Railway Co. Ltd., Class H |
Ground Transportation | 62,000 | 13,695 | ||||||||||
Guangxi Guiguan Electric Power Co. Ltd., Class A |
Independent Power Producers & Energy Traders | 15,500 | 11,914 | |||||||||||
Guangxi Liugong Machinery Co. Ltd., Class A |
Machinery | 6,200 | 6,110 | |||||||||||
Guangzhou Automobile Group Co. Ltd., Class A |
Automobiles | 12,400 | 17,037 | |||||||||||
Guangzhou Automobile Group Co. Ltd., Class H |
Automobiles | 170,000 | 84,003 | |||||||||||
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class A |
Health Care Providers & Services | 6,200 | 26,738 | |||||||||||
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class H |
Health Care Providers & Services | 11,100 | 31,960 | |||||||||||
Guangzhou Haige Communications Group, Inc. Co., Class A |
Communications Equipment | 9,300 | 14,386 | |||||||||||
Guangzhou Kingmed Diagnostics Group Co. Ltd., Class A |
Health Care Providers & Services | 3,100 | 26,533 | |||||||||||
Guangzhou Shiyuan Electronic Technology Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 700 | 4,870 | |||||||||||
Guangzhou Tinci Materials Technology Co. Ltd., Class A |
Chemicals | 7,860 | 29,160 | |||||||||||
Guangzhou Wondfo Biotech Co. Ltd., Class A |
Health Care Equipment & Supplies | 1,300 | 4,536 | |||||||||||
Guangzhou Yuexiu Capital Holdings Group Co. Ltd., Class A |
Capital Markets | 9,300 | 8,540 | |||||||||||
Guangzhou Zhujiang Brewery Co. Ltd., Class A |
Beverages | 6,200 | 7,403 | |||||||||||
a |
Guizhou Bailing Group Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals | 6,200 | 6,859 | ||||||||||
a |
Guolian Securities Co. Ltd., Class A |
Capital Markets | 9,300 | 13,531 |
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SCHEDULE OF INVESTMENTS
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Guosen Securities Co. Ltd., Class A |
Capital Markets | 18,600 | $ | 23,512 | ||||||||||
a |
Guosheng Financial Holding, Inc., Class A |
Capital Markets | 9,300 | 12,012 | ||||||||||
Guotai Junan Securities Co. Ltd., Class A |
Capital Markets | 27,900 | 55,679 | |||||||||||
b |
Guotai Junan Securities Co. Ltd., Class H |
Capital Markets | 37,200 | 41,561 | ||||||||||
Guoyuan Securities Co. Ltd., Class A |
Capital Markets | 18,600 | 17,283 | |||||||||||
a,c |
H World Group Ltd., ADR |
Hotels, Restaurants & Leisure | 11,129 | 438,816 | ||||||||||
b,c |
Haidilao International Holding Ltd. |
Hotels, Restaurants & Leisure | 82,000 | 219,871 | ||||||||||
Haier Smart Home Co. Ltd., Class A |
Household Durables | 24,800 | 80,332 | |||||||||||
Haier Smart Home Co. Ltd., Class H |
Household Durables | 124,000 | 390,278 | |||||||||||
a |
Hainan Airlines Holding Co. Ltd., Class A |
Passenger Airlines | 102,300 | 20,781 | ||||||||||
Haitian International Holdings Ltd. |
Machinery | 32,000 | 67,826 | |||||||||||
Haitong Securities Co. Ltd., Class A |
Capital Markets | 37,200 | 50,803 | |||||||||||
Haitong Securities Co. Ltd., Class H |
Capital Markets | 173,600 | 104,180 | |||||||||||
Hang Zhou Great Star Industrial Co. Ltd., Class A |
Household Durables | 6,200 | 16,586 | |||||||||||
Hangzhou Binjiang Real Estate Group Co. Ltd., Class A |
Real Estate Management & Development | 12,400 | 16,322 | |||||||||||
Hangzhou Chang Chuan Technology Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 3,100 | 14,267 | |||||||||||
Hangzhou First Applied Material Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 3,616 | 14,175 | |||||||||||
Hangzhou Lion Electronics Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 3,100 | 14,033 | |||||||||||
Hangzhou Oxygen Plant Group Co. Ltd., Class A |
Chemicals | 3,100 | 13,816 | |||||||||||
Hangzhou Robam Appliances Co. Ltd., Class A |
Household Durables | 3,100 | 11,467 | |||||||||||
Hangzhou Silan Microelectronics Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 6,200 | 20,730 | |||||||||||
Hangzhou Tigermed Consulting Co. Ltd., Class A |
Life Sciences Tools & Services | 3,100 | 28,337 | |||||||||||
b |
Hangzhou Tigermed Consulting Co. Ltd., Class H |
Life Sciences Tools & Services | 6,200 | 32,536 | ||||||||||
Han’s Laser Technology Industry Group Co. Ltd., Class A |
Machinery | 6,200 | 19,641 | |||||||||||
b |
Hansoh Pharmaceutical Group Co. Ltd. |
Pharmaceuticals | 52,000 | 70,778 | ||||||||||
Haohua Chemical Science & Technology Co. Ltd., Class A |
Chemicals | 2,800 | 12,682 | |||||||||||
Harbin Boshi Automation Co. Ltd., Class A |
Machinery | 3,100 | 6,812 | |||||||||||
Hefei Meiya Optoelectronic Technology, Inc., Class A |
Machinery | 3,880 | 11,173 | |||||||||||
Heilongjiang Agriculture Co. Ltd., Class A |
Food Products | 6,200 | 11,199 | |||||||||||
Henan Shenhuo Coal & Power Co. Ltd., Class A |
Metals & Mining | 9,300 | 21,802 | |||||||||||
Henan Shuanghui Investment & Development Co. Ltd., Class A |
Food Products | 12,400 | 44,915 | |||||||||||
Hengan International Group Co. Ltd. |
Personal Care Products | 36,500 | 116,278 | |||||||||||
Hengdian Group DMEGC Magnetics Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 6,200 | 13,905 | |||||||||||
a |
Hengli Petrochemical Co. Ltd., Class A |
Chemicals | 12,400 | 24,508 | ||||||||||
Hengtong Optic-electric Co. Ltd., Class A |
Communications Equipment | 9,300 | 18,024 | |||||||||||
a |
Hengyi Petrochemical Co. Ltd., Class A |
Chemicals | 12,400 | 12,509 | ||||||||||
Hesteel Co. Ltd., Class A |
Metals & Mining | 43,400 | 13,522 | |||||||||||
Hisense Home Appliances Group Co. Ltd., Class H |
Household Durables | 22,000 | 56,321 | |||||||||||
Hithink RoyalFlush Information Network Co. Ltd., Class A |
Capital Markets | 2,500 | 51,285 | |||||||||||
a |
Holitech Technology Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 12,400 | 5,957 | ||||||||||
Hongfa Technology Co. Ltd., Class A |
Electrical Equipment | 4,140 | 19,064 | |||||||||||
a |
Hopson Development Holdings Ltd. |
Real Estate Management & Development | 50,773 | 30,664 |
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SCHEDULE OF INVESTMENTS
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Hoshine Silicon Industry Co. Ltd., Class A |
Chemicals | 3,100 | $ | 25,704 | ||||||||||
Hoyuan Green Energy Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 1,760 | 10,117 | |||||||||||
a,b |
Hua Hong Semiconductor Ltd. |
Semiconductors & Semiconductor Equipment | 21,500 | 54,465 | ||||||||||
Huadian Power International Corp. Ltd., Class A |
Independent Power Producers & Energy Traders | 27,900 | 19,721 | |||||||||||
Huadian Power International Corp. Ltd., Class H |
Independent Power Producers & Energy Traders | 62,000 | 25,649 | |||||||||||
Huadong Medicine Co. Ltd., Class A |
Health Care Providers & Services | 6,200 | 35,945 | |||||||||||
Huafon Chemical Co. Ltd., Class A |
Chemicals | 15,500 | 15,041 | |||||||||||
Huagong Tech Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 6,200 | 28,652 | |||||||||||
Huaibei Mining Holdings Co. Ltd., Class A |
Metals & Mining | 9,300 | 17,807 | |||||||||||
Hualan Biological Engineering, Inc., Class A |
Biotechnology | 9,960 | 30,349 | |||||||||||
Huaneng Lancang River Hydropower, Inc., Class A |
Independent Power Producers & Energy Traders | 24,800 | 25,257 | |||||||||||
a |
Huaneng Power International, Inc., Class A |
Independent Power Producers & Energy Traders | 27,900 | 30,137 | ||||||||||
a |
Huaneng Power International, Inc., Class H |
Independent Power Producers & Energy Traders | 248,000 | 120,329 | ||||||||||
Huapont Life Sciences Co. Ltd., Class A |
Chemicals | 6,200 | 4,263 | |||||||||||
Huatai Securities Co. Ltd., Class A |
Capital Markets | 27,900 | 60,543 | |||||||||||
b |
Huatai Securities Co. Ltd., Class H |
Capital Markets | 68,200 | 87,080 | ||||||||||
Huaxi Securities Co. Ltd., Class A |
Capital Markets | 9,300 | 10,620 | |||||||||||
Huaxia Bank Co. Ltd., Class A |
Banks | 58,900 | 46,242 | |||||||||||
Huaxin Cement Co. Ltd., Class A |
Construction Materials | 6,200 | 12,739 | |||||||||||
Huaxin Cement Co. Ltd., Class H |
Construction Materials | 16,700 | 17,123 | |||||||||||
Huayu Automotive Systems Co. Ltd., Class A |
Automobile Components | 12,400 | 31,946 | |||||||||||
Hubei Biocause Pharmaceutical Co. Ltd., Class A |
Insurance | 15,500 | 6,638 | |||||||||||
Hubei Energy Group Co. Ltd., Class A |
Independent Power Producers & Energy Traders | 27,900 | 16,620 | |||||||||||
Hubei Xingfa Chemicals Group Co. Ltd., Class A |
Chemicals | 3,100 | 8,412 | |||||||||||
Huizhou Desay Sv Automotive Co. Ltd., Class A |
Automobile Components | 2,300 | 45,345 | |||||||||||
Humanwell Healthcare Group Co. Ltd., Class A |
Pharmaceuticals | 6,200 | 20,585 | |||||||||||
Hunan Gold Corp. Ltd., Class A |
Metals & Mining | 3,100 | 5,187 | |||||||||||
Hunan Valin Steel Co. Ltd., Class A |
Metals & Mining | 24,800 | 20,355 | |||||||||||
Hundsun Technologies, Inc., Class A |
Software | 7,306 | 32,540 | |||||||||||
b,c |
Hygeia Healthcare Holdings Co. Ltd., Class C |
Health Care Providers & Services | 18,600 | 104,259 | ||||||||||
IEIT Systems Co. Ltd., Class A |
Technology Hardware, Storage & Peripherals | 6,308 | 32,563 | |||||||||||
Iflytek Co. Ltd., Class A |
Software | 9,300 | 64,666 | |||||||||||
Imeik Technology Development Co. Ltd., Class A |
Biotechnology | 600 | 32,140 | |||||||||||
Industrial & Commercial Bank of China Ltd., Class A |
Banks | 285,200 | 183,198 | |||||||||||
Industrial & Commercial Bank of China Ltd., Class H |
Banks | 4,123,000 | 1,984,679 | |||||||||||
Industrial Bank Co. Ltd., Class A |
Banks | 77,500 | 173,280 | |||||||||||
Industrial Securities Co. Ltd., Class A |
Capital Markets | 32,890 | 28,982 | |||||||||||
Ingenic Semiconductor Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 1,300 | 13,152 | |||||||||||
a |
Inner Mongolia BaoTou Steel Union Co. Ltd., Class A |
Metals & Mining | 148,800 | 35,128 | ||||||||||
Inner Mongolia Dian Tou Energy Corp. Ltd., Class A |
Oil, Gas & Consumable Fuels | 9,300 | 17,564 | |||||||||||
Inner Mongolia ERDOS Resources Co. Ltd., Class A |
Metals & Mining | 8,520 | 10,712 | |||||||||||
Inner Mongolia ERDOS Resources Co. Ltd., Class B |
Metals & Mining | 30,220 | 24,267 | |||||||||||
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd., Class A |
Chemicals | 31,000 | 17,402 | |||||||||||
Inner Mongolia Yili Industrial Group Co. Ltd., Class A |
Food Products | 24,800 | 90,306 | |||||||||||
a |
Inner Mongolia Yitai Coal Co. Ltd., Class B |
Oil, Gas & Consumable Fuels | 52,700 | 73,727 |
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FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Inner Mongolia Yuan Xing Energy Co. Ltd., Class A |
Chemicals | 15,500 | $ | 15,041 | ||||||||||
a,b |
Innovent Biologics, Inc., Class B |
Biotechnology | 73,000 | 356,525 | ||||||||||
Intco Medical Technology Co. Ltd., Class A |
Health Care Equipment & Supplies | 1,890 | 5,798 | |||||||||||
a,c |
iQIYI, Inc., ADR |
Entertainment | 23,777 | 112,703 | ||||||||||
JA Solar Technology Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 13,092 | 45,966 | |||||||||||
Jafron Biomedical Co. Ltd., Class A |
Health Care Equipment & Supplies | 3,100 | 9,578 | |||||||||||
Jason Furniture Hangzhou Co. Ltd., Class A |
Household Durables | 3,880 | 21,563 | |||||||||||
JCET Group Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 9,300 | 38,932 | |||||||||||
a,b,c |
JD Health International, Inc. |
Consumer Staples Distribution & Retail | 54,250 | 281,230 | ||||||||||
a,b,c |
JD Logistics, Inc. |
Air Freight & Logistics | 86,800 | 110,275 | ||||||||||
c |
JD.com, Inc., Class A |
Broadline Retail | 124,000 | 1,822,354 | ||||||||||
Jiangsu Eastern Shenghong Co. Ltd., Class A |
Chemicals | 15,500 | 24,572 | |||||||||||
Jiangsu Expressway Co. Ltd., Class A |
Transportation Infrastructure | 6,200 | 8,842 | |||||||||||
Jiangsu Expressway Co. Ltd., Class H |
Transportation Infrastructure | 66,000 | 59,580 | |||||||||||
Jiangsu Hengli Hydraulic Co. Ltd., Class A |
Machinery | 4,380 | 38,415 | |||||||||||
Jiangsu Hengrui Pharmaceuticals Co. Ltd., Class A |
Pharmaceuticals | 24,900 | 153,588 | |||||||||||
Jiangsu King’s Luck Brewery JSC Ltd., Class A |
Beverages | 4,700 | 37,848 | |||||||||||
Jiangsu Linyang Energy Co. Ltd., Class A |
Electrical Equipment | 9,300 | 9,139 | |||||||||||
Jiangsu Nhwa Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals | 3,100 | 11,280 | |||||||||||
Jiangsu Pacific Quartz Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 1,200 | 17,569 | |||||||||||
Jiangsu Phoenix Publishing & Media Corp. Ltd., Class A |
Media | 9,300 | 13,377 | |||||||||||
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Class A |
Beverages | 6,200 | 110,116 | |||||||||||
Jiangsu Yangnong Chemical Co. Ltd., Class A |
Chemicals | 2,170 | 20,551 | |||||||||||
Jiangsu Yoke Technology Co. Ltd., Class A |
Chemicals | 3,100 | 27,487 | |||||||||||
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., Class A |
Health Care Equipment & Supplies | 6,200 | 29,308 | |||||||||||
Jiangsu Zhongtian Technology Co. Ltd., Class A |
Electrical Equipment | 12,400 | 25,274 | |||||||||||
Jiangxi Copper Co. Ltd., Class A |
Metals & Mining | 9,300 | 24,585 | |||||||||||
Jiangxi Copper Co. Ltd., Class H |
Metals & Mining | 62,000 | 97,213 | |||||||||||
a |
Jiangxi Special Electric Motor Co. Ltd., Class A |
Electrical Equipment | 6,200 | 7,557 | ||||||||||
Jilin Aodong Pharmaceutical Group Co. Ltd., Class A |
Pharmaceuticals | 6,200 | 14,688 | |||||||||||
a |
Jinke Smart Services Group Co. Ltd., Class H |
Real Estate Management & Development | 12,400 | 15,579 | ||||||||||
Jinko Solar Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 15,500 | 21,487 | |||||||||||
a,b,c |
Jinxin Fertility Group Ltd. |
Health Care Providers & Services | 84,000 | 40,113 | ||||||||||
JiuGui Liquor Co. Ltd., Class A |
Beverages | 1,600 | 19,372 | |||||||||||
b |
Jiumaojiu International Holdings Ltd. |
Hotels, Restaurants & Leisure | 48,000 | 65,333 | ||||||||||
Jizhong Energy Resources Co. Ltd., Class A |
Oil, Gas & Consumable Fuels | 12,400 | 11,471 | |||||||||||
Joincare Pharmaceutical Group Industry Co. Ltd., Class A |
Pharmaceuticals | 9,300 | 15,815 | |||||||||||
Joinn Laboratories China Co. Ltd., Class A |
Life Sciences Tools & Services | 1,960 | 6,408 | |||||||||||
b |
Joinn Laboratories China Co. Ltd., Class H |
Life Sciences Tools & Services | 5,772 | 10,244 | ||||||||||
Jointown Pharmaceutical Group Co. Ltd., Class A |
Health Care Providers & Services | 12,142 | 18,049 | |||||||||||
a |
Jonjee Hi-Tech Industrial & Commercial Holding Co. Ltd., Class A |
Food Products | 3,100 | 14,696 | ||||||||||
Joyoung Co. Ltd., Class A |
Household Durables | 3,100 | 6,055 | |||||||||||
c |
JOYY, Inc., ADR |
Interactive Media & Services | 1,736 | 66,159 | ||||||||||
a |
Juneyao Airlines Co. Ltd., Class A |
Passenger Airlines | 9,300 | 18,253 | ||||||||||
Kaishan Group Co. Ltd., Class A |
Machinery | 3,100 | 6,153 | |||||||||||
a,c |
Kanzhun Ltd., ADR |
Interactive Media & Services | 17,050 | 258,648 | ||||||||||
c |
KE Holdings, Inc., ADR |
Real Estate Management & Development | 33,604 | 521,534 | ||||||||||
Keda Industrial Group Co. Ltd. |
Machinery | 6,200 | 9,897 |
franklintempleton.com |
Semiannual Report |
171 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Kingboard Holdings Ltd. |
Electronic Equipment, Instruments & Components | 40,400 | $ | 90,685 | ||||||||||
a |
Kingdee International Software Group Co. Ltd. |
Software | 134,000 | 164,937 | ||||||||||
Kingnet Network Co. Ltd., Class A |
Entertainment | 12,400 | 21,445 | |||||||||||
a |
Kingsoft Cloud Holdings Ltd. |
IT Services | 62,000 | 20,503 | ||||||||||
c |
Kingsoft Corp. Ltd. |
Entertainment | 45,200 | 163,905 | ||||||||||
a,b,c |
Kuaishou Technology, Class B |
Interactive Media & Services | 136,400 | 1,094,600 | ||||||||||
Kuang-Chi Technologies Co. Ltd., Class A |
Aerospace & Defense | 9,300 | 18,432 | |||||||||||
a |
Kunlun Tech Co. Ltd., Class A |
Entertainment | 5,700 | 29,995 | ||||||||||
Kweichow Moutai Co. Ltd., Class A |
Beverages | 4,700 | 1,160,235 | |||||||||||
a |
Lakala Payment Co. Ltd., Class A |
Financial Services | 3,100 | 7,603 | ||||||||||
Lao Feng Xiang Co. Ltd., Class B |
Textiles, Apparel & Luxury Goods | 12,400 | 42,259 | |||||||||||
LB Group Co. Ltd., Class A |
Chemicals | 9,300 | 23,449 | |||||||||||
Lee & Man Paper Manufacturing Ltd. |
Paper & Forest Products | 62,000 | 18,129 | |||||||||||
b |
Legend Holdings Corp., Class H |
Technology Hardware, Storage & Peripherals | 27,900 | 25,115 | ||||||||||
Lens Technology Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 18,600 | 31,350 | |||||||||||
a |
Leo Group Co. Ltd., Class A |
Media | 34,100 | 10,624 | ||||||||||
Lepu Medical Technology Beijing Co. Ltd., Class A |
Health Care Equipment & Supplies | 9,300 | 20,972 | |||||||||||
Levima Advanced Materials Corp., Class A |
Chemicals | 3,100 | 8,314 | |||||||||||
Leyard Optoelectronic Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 9,300 | 8,335 | |||||||||||
a,c |
Li Auto, Inc., Class A |
Automobiles | 55,662 | 982,916 | ||||||||||
Li Ning Co. Ltd. |
Textiles, Apparel & Luxury Goods | 120,500 | 506,965 | |||||||||||
LianChuang Electronic Technology Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 3,760 | 4,908 | |||||||||||
Liaoning Port Co. Ltd., Class A |
Transportation Infrastructure | 71,300 | 15,364 | |||||||||||
Lingyi iTech Guangdong Co., Class A |
Electronic Equipment, Instruments & Components | 31,000 | 24,338 | |||||||||||
Livzon Pharmaceutical Group, Inc., Class A |
Pharmaceuticals | 3,100 | 15,718 | |||||||||||
Livzon Pharmaceutical Group, Inc., Class H |
Pharmaceuticals | 6,200 | 20,306 | |||||||||||
b,c |
Longfor Group Holdings Ltd. |
Real Estate Management & Development | 101,150 | 181,846 | ||||||||||
LONGi Green Energy Technology Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 27,900 | 104,466 | |||||||||||
Longshine Technology Group Co. Ltd., Class A |
Software | 6,200 | 16,381 | |||||||||||
c |
Lufax Holding Ltd., ADR |
Consumer Finance | 36,766 | 38,972 | ||||||||||
Luxi Chemical Group Co. Ltd., Class A |
Chemicals | 6,200 | 9,633 | |||||||||||
Luxshare Precision Industry Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 27,899 | 114,188 | |||||||||||
a,b |
Luye Pharma Group Ltd. |
Pharmaceuticals | 93,000 | 41,680 | ||||||||||
Luzhou Laojiao Co. Ltd., Class A |
Beverages | 5,400 | 160,575 | |||||||||||
Maanshan Iron & Steel Co. Ltd., Class A |
Metals & Mining | 24,800 | 8,986 | |||||||||||
Mango Excellent Media Co. Ltd., Class A |
Entertainment | 7,130 | 27,705 | |||||||||||
Maxscend Microelectronics Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 2,432 | 38,955 | |||||||||||
Meihua Holdings Group Co. Ltd., Class A |
Food Products | 12,400 | 16,373 | |||||||||||
a |
Meinian Onehealth Healthcare Holdings Co. Ltd., Class A |
Health Care Providers & Services | 21,700 | 20,253 | ||||||||||
a,b,c |
Meituan, Class B |
Hotels, Restaurants & Leisure | 281,200 | 4,114,675 | ||||||||||
Metallurgical Corp. of China Ltd., Class A |
Construction & Engineering | 55,800 | 28,108 | |||||||||||
Metallurgical Corp. of China Ltd., Class H |
Construction & Engineering | 155,000 | 32,655 | |||||||||||
a |
Microport Scientific Corp. |
Health Care Equipment & Supplies | 46,500 | 70,298 | ||||||||||
Ming Yang Smart Energy Group Ltd., Class A |
Electrical Equipment | 9,300 | 20,143 | |||||||||||
a,c |
Ming Yuan Cloud Group Holdings Ltd. |
Software | 31,000 | 13,577 | ||||||||||
MINISO Group Holding Ltd., ADR |
Broadline Retail | 4,619 | 119,632 | |||||||||||
Minth Group Ltd. |
Automobile Components | 39,000 | 100,340 | |||||||||||
a |
MOG Digitech Holdings Ltd. |
Electronic Equipment, Instruments & Components | 28,000 | 52,483 | ||||||||||
Montage Technology Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 4,301 | 29,339 | |||||||||||
Muyuan Foods Co. Ltd., Class A |
Food Products | 20,760 | 107,964 | |||||||||||
Nanjing Hanrui Cobalt Co. Ltd., Class A |
Metals & Mining | 800 | 3,266 | |||||||||||
Nanjing Iron & Steel Co. Ltd., Class A |
Metals & Mining | 24,800 | 12,594 |
172 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals | 3,945 |
$ |
6,871 |
| |||||||||
NARI Technology Co. Ltd., Class A |
Electrical Equipment | 31,088 | 94,684 | |||||||||||
a |
National Silicon Industry Group Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 6,355 | 17,244 | ||||||||||
NAURA Technology Group Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 2,200 | 72,863 | |||||||||||
a |
NavInfo Co. Ltd., Class A |
Software | 9,300 | 12,931 | ||||||||||
c |
NetEase, Inc. |
Entertainment | 94,600 | 1,926,582 | ||||||||||
New China Life Insurance Co. Ltd., Class A |
Insurance | 9,300 | 47,012 | |||||||||||
New China Life Insurance Co. Ltd., Class H |
Insurance | 37,200 | 89,677 | |||||||||||
a |
New Hope Liuhe Co. Ltd., Class A |
Food Products | 18,600 | 28,082 | ||||||||||
a,c |
New Oriental Education & Technology Group, Inc. |
Diversified Consumer Services | 72,480 | 441,441 | ||||||||||
a |
Newland Digital Technology Co. Ltd., Class A |
Software | 3,100 | 8,106 | ||||||||||
a |
Nine Dragons Paper Holdings Ltd. |
Paper & Forest Products | 85,000 | 47,754 | ||||||||||
Ninestar Corp., Class A |
Technology Hardware, Storage & Peripherals | 6,200 | 22,006 | |||||||||||
Ningbo Deye Technology Co. Ltd., Class A |
Machinery | 1,260 | 13,392 | |||||||||||
Ningbo Joyson Electronic Corp., Class A |
Automobile Components | 6,200 | 14,815 | |||||||||||
Ningbo Orient Wires & Cables Co. Ltd., Class A |
Electrical Equipment | 3,100 | 16,939 | |||||||||||
Ningbo Ronbay New Energy Technology Co. Ltd., Class A |
Electrical Equipment | 1,586 | 9,136 | |||||||||||
Ningbo Sanxing Medical Electric Co. Ltd., Class A |
Electrical Equipment | 6,200 | 15,420 | |||||||||||
Ningbo Shanshan Co. Ltd., Class A |
Chemicals | 9,300 | 17,743 | |||||||||||
Ningbo Tuopu Group Co. Ltd., Class A |
Automobile Components | 4,600 | 46,803 | |||||||||||
Ningbo Zhoushan Port Co. Ltd., Class A |
Transportation Infrastructure | 24,800 | 11,743 | |||||||||||
Ningxia Baofeng Energy Group Co. Ltd., Class A |
Chemicals | 9,300 | 18,253 | |||||||||||
a,c |
NIO, Inc., Class A |
Automobiles | 63,240 | 576,939 | ||||||||||
b |
Nongfu Spring Co. Ltd., Class H |
Beverages | 93,000 | 534,356 | ||||||||||
North Huajin Chemical Industries Co. Ltd., Class A |
Chemicals | 6,200 | 5,012 | |||||||||||
North Industries Group Red Arrow Co. Ltd., Class A |
Machinery | 3,100 | 6,280 | |||||||||||
Northeast Securities Co. Ltd., Class A |
Capital Markets | 9,300 | 9,765 | |||||||||||
Offshore Oil Engineering Co. Ltd., Class A |
Energy Equipment & Services | 15,500 | 13,786 | |||||||||||
a |
OFILM Group Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 12,400 | 10,892 | ||||||||||
Oppein Home Group, Inc., Class A |
Household Durables | 900 | 11,845 | |||||||||||
ORG Technology Co. Ltd., Class A |
Containers & Packaging | 9,300 | 5,948 | |||||||||||
Orient Securities Co. Ltd., Class A |
Capital Markets | 28,524 | 37,506 | |||||||||||
b |
Orient Securities Co. Ltd., Class H |
Capital Markets | 37,200 | 18,762 | ||||||||||
a |
Oriental Energy Co. Ltd., Class A |
Oil, Gas & Consumable Fuels | 6,200 | 8,510 | ||||||||||
a |
Ourpalm Co. Ltd., Class A |
Entertainment | 9,300 | 6,140 | ||||||||||
Ovctek China, Inc., Class A |
Health Care Equipment & Supplies | 3,820 | 13,464 | |||||||||||
a |
Pangang Group Vanadium Titanium & Resources Co. Ltd., Class A |
Metals & Mining | 34,100 | 17,224 | ||||||||||
a,c |
PDD Holdings, Inc., ADR |
Broadline Retail | 31,806 | 3,119,214 | ||||||||||
People.cn Co. Ltd., Class A |
Media | 5,100 | 26,838 | |||||||||||
People’s Insurance Co. Group of China Ltd., Class A |
Insurance | 40,300 | 32,635 | |||||||||||
People’s Insurance Co. Group of China Ltd., Class H |
Insurance | 434,000 | 155,715 | |||||||||||
Perfect World Co. Ltd., Class A |
Entertainment | 3,100 | 5,616 | |||||||||||
PetroChina Co. Ltd., Class A |
Oil, Gas & Consumable Fuels | 89,900 | 98,466 | |||||||||||
PetroChina Co. Ltd., Class H |
Oil, Gas & Consumable Fuels | 1,116,000 | 840,721 | |||||||||||
Pharmaron Beijing Co. Ltd., Class A |
Life Sciences Tools & Services | 2,250 | 9,604 | |||||||||||
b |
Pharmaron Beijing Co. Ltd., Class H |
Life Sciences Tools & Services | 15,900 | 37,842 |
franklintempleton.com |
Semiannual Report |
173 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
PICC Property & Casualty Co. Ltd., Class H |
Insurance | 352,000 | $ | 452,143 | ||||||||||
Ping An Bank Co. Ltd., Class A |
Banks | 71,300 | 109,606 | |||||||||||
a,b |
Ping An Healthcare & Technology Co. Ltd. |
Consumer Staples Distribution & Retail | 31,000 | 72,356 | ||||||||||
Ping An Insurance Group Co. of China Ltd., Class A |
Insurance | 40,300 | 267,164 | |||||||||||
c |
Ping An Insurance Group Co. of China Ltd., Class H |
Insurance | 330,500 | 1,892,647 | ||||||||||
Pingdingshan Tianan Coal Mining Co. Ltd., Class A |
Oil, Gas & Consumable Fuels | 9,300 | 13,160 | |||||||||||
Poly Developments & Holdings Group Co. Ltd., Class A |
Real Estate Management & Development | 46,500 | 81,311 | |||||||||||
Poly Property Services Co. Ltd., Class H |
Real Estate Management & Development | 7,200 | 29,097 | |||||||||||
b |
Pop Mart International Group Ltd. |
Specialty Retail | 37,200 | 109,959 | ||||||||||
Porton Pharma Solutions Ltd., Class A |
Pharmaceuticals | 3,100 | 12,033 | |||||||||||
Postal Savings Bank of China Co. Ltd., Class A |
Banks | 86,800 | 59,211 | |||||||||||
b |
Postal Savings Bank of China Co. Ltd., Class H |
Banks | 496,000 | 250,791 | ||||||||||
Power Construction Corp. of China Ltd., Class A |
Construction & Engineering | 65,100 | 47,804 | |||||||||||
Pylon Technologies Co. Ltd., Class A |
Electrical Equipment | 682 | 12,234 | |||||||||||
c |
Qifu Technology, Inc., ADR |
Consumer Finance | 6,138 | 94,280 | ||||||||||
Qingdao TGOOD Electric Co. Ltd., Class A |
Electrical Equipment | 3,100 | 7,774 | |||||||||||
a |
Qinghai Salt Lake Industry Co. Ltd., Class A |
Chemicals | 21,700 | 51,110 | ||||||||||
Raytron Technology Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 1,705 | 11,163 | |||||||||||
b |
Red Star Macalline Group Corp. Ltd., Class H |
Real Estate Management & Development | 38,400 | 12,797 | ||||||||||
a,b |
Remegen Co. Ltd., Class H |
Biotechnology | 7,500 | 38,592 | ||||||||||
a,c |
RLX Technology, Inc., ADR |
Tobacco | 43,710 | 66,002 | ||||||||||
Rongsheng Petrochemical Co. Ltd., Class A |
Chemicals | 12,400 | 20,270 | |||||||||||
SAIC Motor Corp. Ltd., Class A |
Automobiles | 31,100 | 63,175 | |||||||||||
Sailun Group Co. Ltd., Class A |
Automobile Components | 12,400 | 21,462 | |||||||||||
Sanan Optoelectronics Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 9,300 | 19,683 | |||||||||||
a |
Sangfor Technologies, Inc., Class A |
Software | 600 | 7,684 | ||||||||||
Sansteel Minguang Co. Ltd. Fujian, Class A |
Metals & Mining | 9,300 | 6,191 | |||||||||||
Sany Heavy Equipment International Holdings Co. Ltd. |
Machinery | 46,000 | 72,713 | |||||||||||
Sany Heavy Industry Co. Ltd., Class A |
Machinery | 31,000 | 67,610 | |||||||||||
Satellite Chemical Co. Ltd., Class A |
Chemicals | 12,446 | 26,188 | |||||||||||
SDIC Capital Co. Ltd., Class A |
Capital Markets | 18,600 | 17,590 | |||||||||||
SDIC Power Holdings Co. Ltd., Class A |
Independent Power Producers & Energy Traders | 18,600 | 30,048 | |||||||||||
Sealand Securities Co. Ltd., Class A |
Capital Markets | 18,600 | 9,522 | |||||||||||
a |
Seazen Group Ltd. |
Real Estate Management & Development | 124,000 | 22,641 | ||||||||||
a Seazen Holdings Co. Ltd., Class A |
Real Estate Management & Development | 9,300 | 16,913 | |||||||||||
a,b,c |
SenseTime Group, Inc., Class B |
Software | 806,000 | 147,166 | ||||||||||
a |
Seres Group Co. Ltd., Class A |
Automobiles | 3,100 | 23,708 | ||||||||||
SF Holding Co. Ltd., Class A |
Air Freight & Logistics | 18,600 | 104,159 | |||||||||||
SG Micro Corp., Class A |
Semiconductors & Semiconductor Equipment | 1,657 | 17,687 | |||||||||||
Shaanxi Coal Industry Co. Ltd., Class A |
Oil, Gas & Consumable Fuels | 37,200 | 94,254 | |||||||||||
Shaanxi International Trust Co. Ltd., Class A |
Capital Markets | 21,700 | 9,054 | |||||||||||
Shan Xi Hua Yang Group New Energy Co. Ltd., Class A |
Oil, Gas & Consumable Fuels | 13,850 | 16,006 | |||||||||||
a |
Shandong Chenming Paper Holdings Ltd., Class B |
Paper & Forest Products | 37,200 | 8,217 | ||||||||||
a |
Shandong Chenming Paper Holdings Ltd., Class H |
Paper & Forest Products | 15,500 | 4,552 | ||||||||||
a |
Shandong Denghai Seeds Co. Ltd., Class A |
Food Products | 3,100 | 6,055 | ||||||||||
Shandong Gold Mining Co. Ltd., Class A |
Metals & Mining | 13,084 | 45,093 | |||||||||||
b |
Shandong Gold Mining Co. Ltd., Class H |
Metals & Mining | 38,750 | 73,326 |
174 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Shandong Himile Mechanical Science & Technology Co. Ltd., Class A |
Machinery | 3,100 | $ | 14,977 | ||||||||||
Shandong Hi-speed Co. Ltd., Class A |
Transportation Infrastructure | 12,400 | 12,186 | |||||||||||
Shandong Hualu Hengsheng Chemical Co. Ltd., Class A |
Chemicals | 9,380 | 41,327 | |||||||||||
a |
Shandong Humon Smelting Co. Ltd., Class A |
Metals & Mining | 3,100 | 5,157 | ||||||||||
Shandong Linglong Tyre Co. Ltd., Class A |
Automobile Components | 3,100 | 8,646 | |||||||||||
Shandong Nanshan Aluminum Co. Ltd., Class A |
Metals & Mining | 43,400 | 18,704 | |||||||||||
Shandong Pharmaceutical Glass Co. Ltd., Class A |
Health Care Equipment & Supplies | 3,100 | 11,850 | |||||||||||
Shandong Sun Paper Industry JSC Ltd., Class A |
Paper & Forest Products | 9,300 | 15,649 | |||||||||||
Shandong Weigao Group Medical Polymer Co. Ltd., Class H |
Health Care Equipment & Supplies | 124,000 | 108,930 | |||||||||||
Shanghai Aiko Solar Energy Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 6,260 | 19,169 | |||||||||||
Shanghai Bairun Investment Holding Group Co. Ltd., Class A |
Beverages | 4,140 | 16,382 | |||||||||||
Shanghai Baosight Software Co. Ltd., Class A |
Software | 4,136 | 25,648 | |||||||||||
Shanghai Baosight Software Co. Ltd., Class B |
Software | 33,428 | 70,366 | |||||||||||
Shanghai Construction Group Co. Ltd., Class A |
Construction & Engineering | 27,900 | 10,531 | |||||||||||
a |
Shanghai Electric Group Co. Ltd., Class A |
Electrical Equipment | 37,200 | 23,895 | ||||||||||
a |
Shanghai Electric Group Co. Ltd., Class H |
Electrical Equipment | 124,000 | 28,974 | ||||||||||
Shanghai Electric Power Co. Ltd., Class A |
Independent Power Producers & Energy Traders | 12,400 | 15,096 | |||||||||||
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class A |
Pharmaceuticals | 9,300 | 36,507 | |||||||||||
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H |
Pharmaceuticals | 31,000 | 72,831 | |||||||||||
Shanghai Friendess Electronic Technology Corp. Ltd., Class A |
Electronic Equipment, Instruments & Components | 575 | 19,682 | |||||||||||
Shanghai Fudan Microelectronics Group Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 999 | 6,540 | |||||||||||
Shanghai Fudan Microelectronics Group Co. Ltd., Class H |
Semiconductors & Semiconductor Equipment | 14,000 | 30,031 | |||||||||||
a |
Shanghai International Airport Co. Ltd., Class A |
Transportation Infrastructure | 9,300 | 48,365 | ||||||||||
Shanghai International Port Group Co. Ltd., Class A |
Transportation Infrastructure | 43,400 | 30,678 | |||||||||||
Shanghai Jinjiang International Hotels Co. Ltd., Class A |
Hotels, Restaurants & Leisure | 3,100 | 15,998 | |||||||||||
Shanghai Jinjiang International Hotels Co. Ltd., Class B |
Hotels, Restaurants & Leisure | 9,300 | 15,308 | |||||||||||
Shanghai Jinqiao Export Processing Zone Development Co. Ltd., Class A |
Real Estate Management & Development | 3,100 | 5,157 | |||||||||||
Shanghai Jinqiao Export Processing Zone Development Co. Ltd., Class B |
Real Estate Management & Development | 21,700 | 19,313 | |||||||||||
a |
Shanghai Junshi Biosciences Co. Ltd., Class A |
Biotechnology | 3,867 | 20,434 | ||||||||||
a,b |
Shanghai Junshi Biosciences Co. Ltd., Class H |
Biotechnology | 6,200 | 13,838 | ||||||||||
Shanghai Lingang Holdings Corp. Ltd., Class A |
Real Estate Management & Development | 7,000 | 10,924 | |||||||||||
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class A |
Real Estate Management & Development | 6,200 | 8,152 | |||||||||||
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class B |
Real Estate Management & Development | 55,800 | 22,655 | |||||||||||
Shanghai Mechanical & Electrical Industry Co. Ltd., Class B |
Machinery | 12,400 | 12,450 | |||||||||||
Shanghai Moons’ Electric Co. Ltd., Class A |
Electrical Equipment | 3,100 | 29,312 | |||||||||||
Shanghai Pharmaceuticals Holding Co. Ltd., Class A |
Health Care Providers & Services | 12,400 | 30,771 |
franklintempleton.com |
Semiannual Report |
175 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Shanghai Pharmaceuticals Holding Co. Ltd., Class H |
Health Care Providers & Services | 43,400 | $ | 67,717 | ||||||||||
Shanghai Pudong Development Bank Co. Ltd., Class A |
Banks | 108,515 | 105,748 | |||||||||||
Shanghai Putailai New Energy Technology Co. Ltd., Class A |
Chemicals | 7,679 | 30,871 | |||||||||||
Shanghai RAAS Blood Products Co. Ltd., Class A |
Biotechnology | 27,900 | 26,653 | |||||||||||
Shanghai Rural Commercial Bank Co. Ltd., Class A |
Banks | 12,400 | 10,280 | |||||||||||
Shanghai Tunnel Engineering Co. Ltd., Class A |
Construction & Engineering | 15,500 | 12,467 | |||||||||||
Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd., Class B |
Trading Companies & Distributors | 12,400 | 9,040 | |||||||||||
Shanghai Yuyuan Tourist Mart Group Co. Ltd., Class A |
Specialty Retail | 15,500 | 15,828 | |||||||||||
Shanghai Zhangjiang High-Tech Park Development Co. Ltd., Class A |
Real Estate Management & Development | 6,200 | 19,998 | |||||||||||
a |
Shanghai Zhenhua Heavy Industries Co. Ltd., Class B |
Machinery | 55,800 | 11,997 | ||||||||||
Shanxi Coking Coal Energy Group Co. Ltd., Class A |
Oil, Gas & Consumable Fuels | 21,700 | 29,963 | |||||||||||
Shanxi Lu’an Environmental Energy Development Co. Ltd., Class A |
Oil, Gas & Consumable Fuels | 12,400 | 32,320 | |||||||||||
a |
Shanxi Meijin Energy Co. Ltd., Class A |
Metals & Mining | 18,600 | 17,922 | ||||||||||
Shanxi Securities Co. Ltd., Class A |
Capital Markets | 15,700 | 12,391 | |||||||||||
Shanxi Taigang Stainless Steel Co. Ltd., Class A |
Metals & Mining | 24,800 | 13,752 | |||||||||||
Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A |
Beverages | 4,720 | 155,158 | |||||||||||
a |
Shanying International Holding Co. Ltd., Class A |
Paper & Forest Products | 18,600 | 5,489 | ||||||||||
Shenghe Resources Holding Co. Ltd., Class A |
Metals & Mining | 6,200 | 9,250 | |||||||||||
Shengyi Technology Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 9,300 | 19,606 | |||||||||||
Shennan Circuits Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 600 | 5,482 | |||||||||||
Shenwan Hongyuan Group Co. Ltd., Class A |
Capital Markets | 83,700 | 49,744 | |||||||||||
b |
Shenwan Hongyuan Group Co. Ltd., Class H |
Capital Markets | 74,400 | 14,060 | ||||||||||
Shenzhen Agricultural Products Group Co. Ltd., Class A |
Consumer Staples Distribution & Retail | 6,200 | 5,863 | |||||||||||
a |
Shenzhen Airport Co. Ltd., Class A |
Transportation Infrastructure | 6,200 | 5,787 | ||||||||||
Shenzhen Capchem Technology Co. Ltd., Class A |
Chemicals | 3,180 | 19,126 | |||||||||||
Shenzhen Dynanonic Co. Ltd., Class A |
Chemicals | 864 | 9,079 | |||||||||||
Shenzhen Energy Group Co. Ltd., Class A |
Independent Power Producers & Energy Traders | 18,600 | 16,288 | |||||||||||
a |
Shenzhen Everwin Precision Technology Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 6,200 | 8,799 | ||||||||||
Shenzhen Expressway Corp. Ltd., Class H |
Transportation Infrastructure | 38,000 | 31,053 | |||||||||||
Shenzhen Gas Corp. Ltd., Class A |
Gas Utilities | 10,000 | 9,416 | |||||||||||
Shenzhen Huaqiang Industry Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 3,100 | 4,770 | |||||||||||
Shenzhen Inovance Technology Co. Ltd., Class A |
Machinery | 9,450 | 86,241 | |||||||||||
Shenzhen International Holdings Ltd. |
Transportation Infrastructure | 77,500 | 47,795 | |||||||||||
Shenzhen Investment Ltd. |
Real Estate Management & Development | 124,000 | 19,791 | |||||||||||
Shenzhen Kaifa Technology Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 6,200 | 14,645 | |||||||||||
a |
Shenzhen Kangtai Biological Products Co. Ltd., Class A |
Biotechnology | 4,660 | 18,721 | ||||||||||
Shenzhen Kedali Industry Co. Ltd., Class A |
Automobile Components | 800 | 10,561 | |||||||||||
Shenzhen Kingdom Sci-Tech Co. Ltd., Class A |
Software | 3,100 | 5,395 |
176 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A |
Health Care Equipment & Supplies | 4,600 | $ | 170,350 | ||||||||||
Shenzhen MTC Co. Ltd., Class A |
Household Durables | 21,700 | 14,922 | |||||||||||
a |
Shenzhen Overseas Chinese Town Co. Ltd., Class A |
Real Estate Management & Development | 34,100 | 19,798 | ||||||||||
Shenzhen Salubris Pharmaceuticals Co. Ltd., Class A |
Pharmaceuticals | 3,100 | 12,616 | |||||||||||
Shenzhen SC New Energy Technology Corp., Class A |
Semiconductors & Semiconductor Equipment | 1,100 | 11,467 | |||||||||||
Shenzhen Senior Technology Material Co. Ltd., Class A |
Chemicals | 6,200 | 11,122 | |||||||||||
Shenzhen Sunway Communication Co. Ltd., Class A |
Communications Equipment | 3,100 | 8,408 | |||||||||||
Shenzhen Transsion Holdings Co. Ltd., Class A |
Technology Hardware, Storage & Peripherals | 3,112 | 62,251 | |||||||||||
Shenzhen Yan Tian Port Holding Co. Ltd., Class A |
Transportation Infrastructure | 9,300 | 6,421 | |||||||||||
Shenzhen YUTO Packaging Technology Co. Ltd., Class A |
Containers & Packaging | 3,100 | 10,501 | |||||||||||
Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd., Class A |
Metals & Mining | 15,500 | 10,935 | |||||||||||
Shenzhou International Group Holdings Ltd. |
Textiles, Apparel & Luxury Goods | 40,300 | 385,924 | |||||||||||
a |
Shijiazhuang Changshan BeiMing Technology Co. Ltd., Class A |
Textiles, Apparel & Luxury Goods | 6,200 | 7,378 | ||||||||||
Shijiazhuang Yiling Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals | 6,880 | 22,153 | |||||||||||
Shui On Land Ltd. |
Real Estate Management & Development | 186,000 | 16,862 | |||||||||||
a |
Siasun Robot & Automation Co. Ltd., Class A |
Machinery | 6,200 | 10,586 | ||||||||||
Sichuan Chuantou Energy Co. Ltd., Class A |
Independent Power Producers & Energy Traders | 18,600 | 37,783 | |||||||||||
Sichuan Hebang Biotechnology Co. Ltd., Class A |
Chemicals | 37,200 | 11,948 | |||||||||||
Sichuan Kelun Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals | 6,200 | 24,806 | |||||||||||
a |
Sichuan New Energy Power Co. Ltd. |
Trading Companies & Distributors | 6,200 | 10,127 | ||||||||||
Sichuan Road & Bridge Group Co. Ltd., Class A |
Construction & Engineering | 25,960 | 30,892 | |||||||||||
Sichuan Swellfun Co. Ltd., Class A |
Beverages | 1,600 | 13,247 | |||||||||||
Sichuan Yahua Industrial Group Co. Ltd., Class A |
Chemicals | 3,100 | 6,374 | |||||||||||
Sieyuan Electric Co. Ltd., Class A |
Electrical Equipment | 3,100 | 21,989 | |||||||||||
Sinoma International Engineering Co., Class A |
Construction & Engineering | 9,300 | 14,399 | |||||||||||
Sinoma Science & Technology Co. Ltd., Class A |
Chemicals | 6,200 | 17,496 | |||||||||||
Sinomine Resource Group Co. Ltd., Class A |
Metals & Mining | 2,240 | 11,194 | |||||||||||
Sinopec Engineering Group Co. Ltd., Class H |
Construction & Engineering | 77,500 | 34,931 | |||||||||||
a |
Sinopec Oilfield Service Corp., Class H |
Energy Equipment & Services | 124,000 | 9,816 | ||||||||||
a |
Sinopec Shanghai Petrochemical Co. Ltd., Class A |
Chemicals | 24,800 | 10,552 | ||||||||||
a |
Sinopec Shanghai Petrochemical Co. Ltd., Class H |
Chemicals | 186,000 | 26,362 | ||||||||||
Sinopharm Group Co. Ltd., Class H |
Health Care Providers & Services | 66,000 | 191,296 | |||||||||||
Sinotrans Ltd., Class A |
Air Freight & Logistics | 15,500 | 10,573 | |||||||||||
Sinotrans Ltd., Class H |
Air Freight & Logistics | 93,000 | 33,961 | |||||||||||
Sinotruk Hong Kong Ltd. |
Machinery | 31,000 | 59,690 | |||||||||||
a |
Skshu Paint Co. Ltd., Class A |
Chemicals | 3,172 | 29,836 | ||||||||||
b |
Smoore International Holdings Ltd. |
Tobacco | 93,730 | 85,091 | ||||||||||
Songcheng Performance Development Co. Ltd., Class A |
Hotels, Restaurants & Leisure | 9,960 | 16,705 | |||||||||||
SooChow Securities Co. Ltd., Class A |
Capital Markets | 18,804 | 21,757 | |||||||||||
Southwest Securities Co. Ltd., Class A |
Capital Markets | 27,900 | 15,777 | |||||||||||
a |
Spring Airlines Co. Ltd., Class A |
Passenger Airlines | 3,100 | 23,278 |
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177 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
StarPower Semiconductor Ltd., Class A |
Semiconductors & Semiconductor Equipment | 900 | $ | 22,191 | ||||||||||
a |
STO Express Co. Ltd., Class A |
Air Freight & Logistics | 6,200 | 8,935 | ||||||||||
Sun Art Retail Group Ltd. |
Consumer Staples Distribution & Retail | 108,500 | 22,997 | |||||||||||
b |
Sunac Services Holdings Ltd. |
Real Estate Management & Development | 32,898 | 10,375 | ||||||||||
Sungrow Power Supply Co. Ltd., Class A |
Electrical Equipment | 6,200 | 76,171 | |||||||||||
Sunny Optical Technology Group Co. Ltd. |
Electronic Equipment, Instruments & Components | 34,100 | 238,165 | |||||||||||
Sunresin New Materials Co. Ltd., Class A |
Chemicals | 3,100 | 24,848 | |||||||||||
Sunwoda Electronic Co. Ltd., Class A |
Electrical Equipment | 6,200 | 14,381 | |||||||||||
SUPCON Technology Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 2,914 | 19,118 | |||||||||||
Suzhou Dongshan Precision Manufacturing Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 6,200 | 14,756 | |||||||||||
Suzhou Gold Mantis Construction Decoration Co. Ltd., Class A |
Construction & Engineering | 9,300 | 5,795 | |||||||||||
Suzhou Maxwell Technologies Co. Ltd., Class A |
Electrical Equipment | 1,024 | 17,796 | |||||||||||
Suzhou TFC Optical Communication Co. Ltd., Class A |
Communications Equipment | 3,100 | 40,421 | |||||||||||
Taiji Computer Corp. Ltd., Class A |
IT Services | 3,100 | 13,020 | |||||||||||
a,c |
TAL Education Group, ADR |
Diversified Consumer Services | 23,064 | 210,113 | ||||||||||
Tangshan Jidong Cement Co. Ltd., Class A |
Construction Materials | 12,400 | 12,833 | |||||||||||
TangShan Port Group Co. Ltd., Class A |
Transportation Infrastructure | 21,700 | 10,990 | |||||||||||
Tangshan Sanyou Chemical Industries Co. Ltd., Class A |
Chemicals | 9,500 | 7,719 | |||||||||||
TBEA Co. Ltd., Class A |
Electrical Equipment | 19,220 | 39,096 | |||||||||||
a |
TCL Technology Group Corp., Class A |
Electronic Equipment, Instruments & Components | 74,980 | 41,989 | ||||||||||
TCL Zhonghuan Renewable Energy Technology Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 15,500 | 49,740 | |||||||||||
c |
Tencent Holdings Ltd. |
Interactive Media & Services | 328,464 | 12,841,880 | ||||||||||
a,c |
Tencent Music Entertainment Group, ADR |
Entertainment | 33,077 | 211,031 | ||||||||||
Thunder Software Technology Co. Ltd., Class A |
Software | 1,500 | 15,764 | |||||||||||
Tian Di Science & Technology Co. Ltd., Class A |
Machinery | 15,500 | 11,552 | |||||||||||
Tianjin Chase Sun Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals | 12,400 | 7,812 | |||||||||||
a |
Tianma Microelectronics Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 12,400 | 15,692 | ||||||||||
Tianqi Lithium Corp., Class A |
Chemicals | 6,200 | 46,744 | |||||||||||
Tianqi Lithium Corp., Class H |
Chemicals | 6,200 | 34,713 | |||||||||||
Tianshan Aluminum Group Co. Ltd., Class A |
Metals & Mining | 9,300 | 8,361 | |||||||||||
Tianshui Huatian Technology Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 15,500 | 19,104 | |||||||||||
Tingyi Cayman Islands Holding Corp. |
Food Products | 102,000 | 142,480 | |||||||||||
a |
Titan Wind Energy Suzhou Co. Ltd., Class A |
Electrical Equipment | 6,200 | 10,986 | ||||||||||
a,c |
Tongcheng Travel Holdings Ltd. |
Hotels, Restaurants & Leisure | 65,600 | 144,068 | ||||||||||
TongFu Microelectronics Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 6,200 | 16,313 | |||||||||||
a |
Tongkun Group Co. Ltd., Class A |
Chemicals | 9,300 | 18,828 | ||||||||||
Tongling Nonferrous Metals Group Co. Ltd., Class A |
Metals & Mining | 43,400 | 19,002 | |||||||||||
Tongwei Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 15,500 | 68,631 | |||||||||||
a |
Topchoice Medical Corp., Class A |
Health Care Providers & Services | 1,200 | 14,527 | ||||||||||
a |
Topsec Technologies Group, Inc., Class A |
Software | 6,200 | 7,625 | ||||||||||
b |
Topsports International Holdings Ltd. |
Specialty Retail | 155,000 | 117,756 | ||||||||||
Towngas Smart Energy Co. Ltd. |
Gas Utilities | 62,000 | 27,312 | |||||||||||
TravelSky Technology Ltd., Class H |
Hotels, Restaurants & Leisure | 50,000 | 86,697 | |||||||||||
Trina Solar Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 8,587 | 36,030 | |||||||||||
a,c |
Trip.com Group Ltd. |
Hotels, Restaurants & Leisure | 27,929 | 995,649 | ||||||||||
Tsingtao Brewery Co. Ltd., Class A |
Beverages | 3,100 | 37,213 | |||||||||||
Tsingtao Brewery Co. Ltd., Class H |
Beverages | 31,722 | 259,630 | |||||||||||
a,c |
Tuya, Inc., ADR |
Software | 13,051 | 20,229 | ||||||||||
a |
Unigroup Guoxin Microelectronics Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 3,199 | 38,287 |
178 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Uni-President China Holdings Ltd. |
Food Products | 62,000 | $ | 43,540 | ||||||||||
a |
Unisplendour Corp. Ltd., Class A |
Electronic Equipment, Instruments & Components | 6,200 | 20,058 | ||||||||||
Universal Scientific Industrial Shanghai Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 3,100 | 6,208 | |||||||||||
Valiant Co. Ltd., Class A |
Chemicals | 3,100 | 7,344 | |||||||||||
a,c |
Vipshop Holdings Ltd., ADR |
Broadline Retail | 16,275 | 260,563 | ||||||||||
Walvax Biotechnology Co. Ltd., Class A |
Biotechnology | 6,200 | 20,032 | |||||||||||
a |
Wanda Film Holding Co. Ltd., Class A |
Entertainment | 9,300 | 17,207 | ||||||||||
Wangsu Science & Technology Co. Ltd., Class A |
IT Services | 9,300 | 8,527 | |||||||||||
Wanhua Chemical Group Co. Ltd., Class A |
Chemicals | 12,400 | 150,316 | |||||||||||
Want Want China Holdings Ltd. |
Food Products | 217,000 | 141,585 | |||||||||||
Wanxiang Qianchao Co. Ltd., Class A |
Automobile Components | 15,500 | 11,063 | |||||||||||
c |
Weibo Corp., ADR |
Interactive Media & Services | 3,751 | 47,038 | ||||||||||
Weichai Power Co. Ltd., Class A |
Machinery | 24,800 | 42,651 | |||||||||||
Weichai Power Co. Ltd., Class H |
Machinery | 93,000 | 126,583 | |||||||||||
Weifu High-Technology Group Co. Ltd., Class A |
Automobile Components | 3,100 | 7,144 | |||||||||||
Weifu High-Technology Group Co. Ltd., Class B |
Automobile Components | 9,300 | 11,471 | |||||||||||
Wens Foodstuffs Group Co. Ltd., Class A |
Food Products | 6,200 | 14,790 | |||||||||||
Western Mining Co. Ltd., Class A |
Metals & Mining | 9,300 | 16,403 | |||||||||||
Western Securities Co. Ltd., Class A |
Capital Markets | 18,600 | 16,849 | |||||||||||
Western Superconducting Technologies Co. Ltd., Class A |
Metals & Mining | 2,083 | 13,083 | |||||||||||
Will Semiconductor Co. Ltd. Shanghai, Class A |
Semiconductors & Semiconductor Equipment | 3,100 | 39,596 | |||||||||||
a |
Wingtech Technology Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 6,200 | 37,145 | ||||||||||
Winning Health Technology Group Co. Ltd., Class A |
Health Care Technology | 10,200 | 10,206 | |||||||||||
Wolong Electric Group Co. Ltd., Class A |
Electrical Equipment | 6,200 | 10,237 | |||||||||||
Wuchan Zhongda Group Co. Ltd., Class A |
Distributors | 24,800 | 16,135 | |||||||||||
Wuhan Guide Infrared Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 22,374 | 23,400 | |||||||||||
Wuliangye Yibin Co. Ltd., Class A |
Beverages | 14,700 | 314,953 | |||||||||||
WUS Printed Circuit Kunshan Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 9,340 | 28,857 | |||||||||||
WuXi AppTec Co. Ltd., Class A |
Life Sciences Tools & Services | 9,300 | 110,006 | |||||||||||
b |
WuXi AppTec Co. Ltd., Class H |
Life Sciences Tools & Services | 18,320 | 219,297 | ||||||||||
a,b |
Wuxi Biologics Cayman, Inc. |
Life Sciences Tools & Services | 187,795 | 1,094,613 | ||||||||||
XCMG Construction Machinery Co. Ltd., Class A |
Machinery | 46,500 | 40,655 | |||||||||||
Xiamen C & D, Inc., Class A |
Trading Companies & Distributors | 12,400 | 16,883 | |||||||||||
Xiamen Faratronic Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 800 | 10,643 | |||||||||||
Xiamen ITG Group Corp. Ltd., Class A |
Trading Companies & Distributors | 9,300 | 10,059 | |||||||||||
Xiamen Tungsten Co. Ltd., Class A |
Metals & Mining | 6,200 | 14,594 | |||||||||||
Xiangcai Co. Ltd., Class A |
Real Estate Management & Development | 12,400 | 13,326 | |||||||||||
a,b,c |
Xiaomi Corp., Class B |
Technology Hardware, Storage & Peripherals | 768,800 | 1,211,335 | ||||||||||
Xinhua Winshare Publishing & Media Co. Ltd., Class H |
Media | 31,000 | 24,422 | |||||||||||
Xinjiang Daqo New Energy Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 3,100 | 17,202 | |||||||||||
Xinjiang Tianshan Cement Co. Ltd., Class A |
Construction Materials | 9,300 | 9,931 | |||||||||||
Xinjiang Zhongtai Chemical Co. Ltd., Class A |
Chemicals | 12,400 | 11,624 | |||||||||||
Xinxing Ductile Iron Pipes Co. Ltd., Class A |
Metals & Mining | 15,500 | 8,786 | |||||||||||
Xinyi Solar Holdings Ltd. |
Semiconductors & Semiconductor Equipment | 224,100 | 167,678 | |||||||||||
a,c |
XPeng, Inc., Class A |
Automobiles | 58,900 | 526,064 | ||||||||||
Xtep International Holdings Ltd. |
Textiles, Apparel & Luxury Goods | 62,000 | 57,473 | |||||||||||
Xuji Electric Co. Ltd., Class A |
Electrical Equipment | 3,100 | 8,250 | |||||||||||
b |
Yadea Group Holdings Ltd. |
Automobiles | 52,000 | 96,539 | ||||||||||
Yangling Metron New Material, Inc., Class A |
Semiconductors & Semiconductor Equipment | 3,100 | 17,700 | |||||||||||
a,d |
Yango Group Co. Ltd., Class A |
Real Estate Management & Development | 20,300 | — |
franklintempleton.com |
Semiannual Report |
179 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
b |
Yangtze Optical Fibre & Cable Joint Stock Co. Ltd., Class H |
Communications Equipment | 8,500 | $ | 11,678 | |||||||||
Yangzhou Yangjie Electronic Technology Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 3,100 | 14,875 | |||||||||||
Yangzijiang Shipbuilding Holdings Ltd. |
Machinery | 136,400 | 165,891 | |||||||||||
Yankuang Energy Group Co. Ltd., Class A |
Oil, Gas & Consumable Fuels | 6,200 | 17,232 | |||||||||||
Yankuang Energy Group Co. Ltd., Class H |
Oil, Gas & Consumable Fuels | 112,000 | 211,649 | |||||||||||
Yantai Changyu Pioneer Wine Co. Ltd., Class B |
Beverages | 12,400 | 15,484 | |||||||||||
Yantai Eddie Precision Machinery Co. Ltd., Class A |
Machinery | 3,860 | 9,388 | |||||||||||
Yantai Jereh Oilfield Services Group Co. Ltd., Class A |
Energy Equipment & Services | 3,100 | 13,569 | |||||||||||
Yealink Network Technology Corp. Ltd., Class A |
Communications Equipment | 4,260 | 20,839 | |||||||||||
a |
Yifan Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals | 6,200 | 11,667 | ||||||||||
Yifeng Pharmacy Chain Co. Ltd., Class A |
Consumer Staples Distribution & Retail | 4,386 | 21,112 | |||||||||||
Yihai International Holding Ltd. |
Food Products | 31,000 | 53,436 | |||||||||||
Yihai Kerry Arawana Holdings Co. Ltd., Class A |
Food Products | 8,200 | 38,694 | |||||||||||
Yintai Gold Co. Ltd., Class A |
Metals & Mining | 9,500 | 18,555 | |||||||||||
Yixintang Pharmaceutical Group Co. Ltd., Class A |
Consumer Staples Distribution & Retail | 3,100 | 9,867 | |||||||||||
Yonfer Agricultural Technology Co. Ltd., Class A |
Chemicals | 6,200 | 9,080 | |||||||||||
YongXing Special Materials Technology Co. Ltd., Class A |
Metals & Mining | 1,430 | 8,915 | |||||||||||
Yonyou Network Technology Co. Ltd., Class A |
Software | 13,390 | 30,545 | |||||||||||
Youngor Group Co. Ltd., Class A |
Real Estate Management & Development | 18,600 | 18,151 | |||||||||||
Youngy Co. Ltd., Class A |
Metals & Mining | 1,000 | 7,505 | |||||||||||
YTO Express Group Co. Ltd., Class A |
Air Freight & Logistics | 12,400 | 25,580 | |||||||||||
a |
Yuan Longping High-tech Agriculture Co. Ltd., Class A |
Food Products | 6,200 | 12,765 | ||||||||||
Yuexiu Property Co. Ltd. |
Real Estate Management & Development | 93,000 | 107,228 | |||||||||||
Yum China Holdings, Inc. |
Hotels, Restaurants & Leisure | 21,300 | 1,201,548 | |||||||||||
Yunda Holding Co. Ltd., Class A |
Air Freight & Logistics | 6,500 | 8,797 | |||||||||||
Yunnan Aluminium Co. Ltd., Class A |
Metals & Mining | 12,490 | 25,886 | |||||||||||
Yunnan Baiyao Group Co. Ltd., Class A |
Pharmaceuticals | 6,580 | 48,137 | |||||||||||
Yunnan Botanee Bio-Technology Group Co. Ltd., Class A |
Personal Care Products | 700 | 8,965 | |||||||||||
Yunnan Copper Co. Ltd., Class A |
Metals & Mining | 6,200 | 10,016 | |||||||||||
Yunnan Energy New Material Co. Ltd., Class A |
Chemicals | 3,100 | 25,487 | |||||||||||
Yunnan Tin Co. Ltd., Class A |
Metals & Mining | 6,200 | 12,194 | |||||||||||
Yunnan Yuntianhua Co. Ltd., Class A |
Chemicals | 6,200 | 14,543 | |||||||||||
a |
Zai Lab Ltd. |
Biotechnology | 49,600 | 119,949 | ||||||||||
Zangge Mining Co. Ltd., Class A |
Chemicals | 6,200 | 19,419 | |||||||||||
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals | 2,200 | 83,102 | |||||||||||
Zhaojin Mining Industry Co. Ltd., Class H |
Metals & Mining | 62,000 | 86,447 | |||||||||||
Zhefu Holding Group Co. Ltd., Class A |
Electrical Equipment | 24,800 | 13,207 | |||||||||||
a |
Zhejiang Century Huatong Group Co. Ltd., Class A |
Entertainment | 27,900 | 18,496 | ||||||||||
Zhejiang China Commodities City Group Co. Ltd., Class A |
Real Estate Management & Development | 21,700 | 26,925 | |||||||||||
Zhejiang Chint Electrics Co. Ltd., Class A |
Electrical Equipment | 6,200 | 19,819 | |||||||||||
Zhejiang Crystal-Optech Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 6,200 | 9,497 | |||||||||||
Zhejiang Dahua Technology Co. Ltd., Class A |
Electronic Equipment, Instruments & Components | 12,400 | 37,902 | |||||||||||
Zhejiang Expressway Co. Ltd., Class H |
Transportation Infrastructure | 62,000 | 46,232 | |||||||||||
Zhejiang Hailiang Co. Ltd., Class A |
Metals & Mining | 6,200 | 10,016 | |||||||||||
Zhejiang HangKe Technology, Inc. Co., Class A |
Electrical Equipment | 1,674 | 6,008 |
180 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Zhejiang Hisoar Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals | 6,200 | $ | 7,318 | ||||||||||
Zhejiang Huace Film & Television Co. Ltd., Class A |
Entertainment | 9,300 | 7,365 | |||||||||||
Zhejiang Huahai Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals | 6,400 | 14,889 | |||||||||||
Zhejiang Huayou Cobalt Co. Ltd., Class A |
Metals & Mining | 6,260 | 32,229 | |||||||||||
Zhejiang Jingsheng Mechanical & Electrical Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 6,200 | 40,600 | |||||||||||
Zhejiang Jiuzhou Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals | 3,100 | 12,331 | |||||||||||
Zhejiang Juhua Co. Ltd., Class A |
Chemicals | 9,300 | 19,428 | |||||||||||
a,b |
Zhejiang Leapmotor Technologies Ltd. |
Automobiles | 6,200 | 27,549 | ||||||||||
Zhejiang Medicine Co. Ltd., Class A |
Pharmaceuticals | 3,100 | 4,753 | |||||||||||
Zhejiang NHU Co. Ltd., Class A |
Pharmaceuticals | 12,656 | 28,210 | |||||||||||
Zhejiang Sanhua Intelligent Controls Co. Ltd., Class A |
Machinery | 6,200 | 25,274 | |||||||||||
Zhejiang Supor Co. Ltd., Class A |
Household Durables | 3,100 | 20,628 | |||||||||||
Zhejiang Wanfeng Auto Wheel Co. Ltd., Class A |
Automobile Components | 6,200 | 4,561 | |||||||||||
a |
Zhejiang Wanliyang Co. Ltd., Class A |
Machinery | 6,200 | 7,335 | ||||||||||
Zhejiang Weiming Environment Protection Co. Ltd., Class A |
Commercial Services & Supplies | 3,180 | 7,725 | |||||||||||
Zhejiang Weixing New Building Materials Co. Ltd., Class A |
Building Products | 6,200 | 15,530 | |||||||||||
Zhejiang Wolwo Bio-Pharmaceutical Co. Ltd., Class A |
Pharmaceuticals | 3,100 | 12,658 | |||||||||||
Zhejiang Yongtai Technology Co. Ltd., Class A |
Chemicals | 3,100 | 5,446 | |||||||||||
Zhengzhou Coal Mining Machinery Group Co. Ltd., Class A |
Machinery | 6,200 | 11,131 | |||||||||||
Zheshang Securities Co. Ltd., Class A |
Capital Markets | 6,200 | 8,578 | |||||||||||
a,b |
ZhongAn Online P&C Insurance Co. Ltd., Class H |
Insurance | 40,300 | 118,865 | ||||||||||
Zhongji Innolight Co. Ltd., Class A |
Communications Equipment | 3,100 | 49,272 | |||||||||||
Zhongjin Gold Corp. Ltd., Class A |
Metals & Mining | 12,400 | 18,619 | |||||||||||
Zhongshan Public Utilities Group Co. Ltd., Class A |
Water Utilities | 6,200 | 6,391 | |||||||||||
Zhongsheng Group Holdings Ltd. |
Specialty Retail | 34,000 | 95,724 | |||||||||||
Zhongtai Securities Co. Ltd., Class A |
Capital Markets | 9,300 | 9,063 | |||||||||||
Zhuhai Huafa Properties Co. Ltd., Class A |
Real Estate Management & Development | 9,300 | 12,229 | |||||||||||
Zhuzhou CRRC Times Electric Co. Ltd., Class A |
Machinery | 2,002 | 10,931 | |||||||||||
Zhuzhou CRRC Times Electric Co. Ltd., Class H |
Machinery | 27,900 | 96,540 | |||||||||||
Zhuzhou Kibing Group Co. Ltd., Class A |
Building Products | 9,300 | 10,467 | |||||||||||
Zijin Mining Group Co. Ltd., Class A |
Metals & Mining | 77,500 | 129,029 | |||||||||||
Zijin Mining Group Co. Ltd., Class H |
Metals & Mining | 302,000 | 461,955 | |||||||||||
Zoomlion Heavy Industry Science & Technology Co. Ltd., Class A |
Machinery | 27,900 | 26,231 | |||||||||||
Zoomlion Heavy Industry Science & Technology Co. Ltd., Class H |
Machinery | 80,600 | 43,841 | |||||||||||
ZTE Corp., Class A |
Communications Equipment | 15,500 | 69,525 | |||||||||||
ZTE Corp., Class H |
Communications Equipment | 37,200 | 112,334 | |||||||||||
|
|
|||||||||||||
102,613,658 | ||||||||||||||
|
|
|||||||||||||
Hong Kong 3.4% | ||||||||||||||
a |
Alibaba Health Information Technology Ltd., Class A |
Consumer Staples Distribution & Retail | 310,000 | 193,160 | ||||||||||
a |
Alibaba Pictures Group Ltd., Class A |
Entertainment | 620,000 | 49,082 | ||||||||||
Beijing Enterprises Water Group Ltd., Class A |
Water Utilities | 186,000 | 40,611 | |||||||||||
Bosideng International Holdings Ltd., Class A |
Textiles, Apparel & Luxury Goods | 186,000 | 80,035 |
franklintempleton.com |
Semiannual Report |
181 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Hong Kong (continued) | ||||||||||||||
China Everbright Environment Group Ltd., Class B |
Commercial Services & Supplies | 186,000 | $ | 64,123 | ||||||||||
China Everbright Ltd., Class A |
Capital Markets | 42,000 | 24,293 | |||||||||||
China Gas Holdings Ltd., Class A |
Gas Utilities | 155,000 | 146,255 | |||||||||||
China Mengniu Dairy Co. Ltd., Class B |
Food Products | 162,000 | 542,975 | |||||||||||
China Power International Development Ltd., Class H |
Independent Power Producers & Energy Traders | 248,000 | 90,247 | |||||||||||
China Resources Beer Holdings Co. Ltd., Class A |
Beverages | 82,848 | 454,340 | |||||||||||
China Resources Gas Group Ltd., Class A |
Gas Utilities | 46,900 | 137,433 | |||||||||||
China Resources Land Ltd., Class H |
Real Estate Management & Development | 147,700 | 588,397 | |||||||||||
China State Construction International Holdings Ltd., Class A |
Construction & Engineering | 94,000 | 98,899 | |||||||||||
China Traditional Chinese Medicine Holdings Co. Ltd. |
Pharmaceuticals | 124,000 | 57,790 | |||||||||||
COSCO SHIPPING Ports Ltd., Class B |
Transportation Infrastructure | 62,000 | 40,532 | |||||||||||
Far East Horizon Ltd. |
Financial Services | 62,000 | 44,648 | |||||||||||
Geely Automobile Holdings Ltd. |
Automobiles | 279,000 | 329,164 | |||||||||||
Guangdong Investment Ltd. |
Water Utilities | 152,500 | 116,441 | |||||||||||
Kingboard Laminates Holdings Ltd. |
Electronic Equipment, Instruments & Components | 58,100 | 41,098 | |||||||||||
Kunlun Energy Co. Ltd. |
Gas Utilities | 186,000 | 160,307 | |||||||||||
Shanghai Industrial Holdings Ltd. |
Industrial Conglomerates | 31,000 | 38,949 | |||||||||||
Shougang Fushan Resources Group Ltd. |
Metals & Mining | 62,000 | 21,057 | |||||||||||
Sino Biopharmaceutical Ltd. |
Pharmaceuticals | 496,000 | 179,227 | |||||||||||
Vinda International Holdings Ltd. |
Household Products | 13,000 | 31,239 | |||||||||||
|
|
|||||||||||||
3,570,302 | ||||||||||||||
|
|
|||||||||||||
Singapore 0.0%† | ||||||||||||||
Yangzijiang Financial Holding Ltd. |
Capital Markets | 127,616 | 33,659 | |||||||||||
a |
Yanlord Land Group Ltd. |
Real Estate Management & Development | 34,100 | 16,489 | ||||||||||
|
|
|||||||||||||
50,148 | ||||||||||||||
|
|
|||||||||||||
Total Common Stocks (Cost $142,921,466) |
106,234,108 | |||||||||||||
|
|
|||||||||||||
Total Investments (Cost $142,921,466) 99.7% |
106,234,108 | |||||||||||||
Other Assets, less Liabilities 0.3% |
268,134 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 106,502,242 | ||||||||||||
|
|
†Rounds to less than 0.1% of net assets.
aNon-income producing.
bSecurity was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. At September 30, 2023, the value of was $13,119,355, representing 12.3% of net assets.
cVariable interest entity (VIE). See the Fund’s statement of additional information and/or notes to financial statements regarding investments made through a VIE structure. At September 30, 2023, the aggregate value of these securities was $48,458,703, representing 45.5% of net assets.
dFair valued using significant unobservable inputs. See Note 8 regarding fair value measurements.
182 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE China ETF (continued)
At September 30, 2023, the Fund had the following futures contracts outstanding. See Note 1(c).
Futures Contracts | ||||||||||||||||||||
Description | Type | Number of Contracts |
Notional Amount* |
Expiration Date |
Value/Unrealized Appreciation (Depreciation) |
|||||||||||||||
Equity Contracts | ||||||||||||||||||||
MSCI China Futures |
Long | 10 | $ | 222,800 | 12/15/23 | $ | (8,024 | ) |
*As of period end.
See Note 7 regarding other derivative information.
See Abbreviations on page 324.
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
183 |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE Europe ETF
Six Months Ended September 30, 2023 (unaudited) |
Year Ended March 31, | |||||||||||||||||||||||
2023 | 2022 | 2021 | 2020 | 2019 | ||||||||||||||||||||
Per share operating performance (for a share outstanding throughout the period) |
||||||||||||||||||||||||
Net asset value, beginning of period |
$ | 26.56 | $ | 27.18 | $ | 27.28 | $ | 19.03 | $ | 23.24 | $ | 24.98 | ||||||||||||
Income from investment operationsa: | ||||||||||||||||||||||||
Net investment incomeb |
0.54 | 1.11 | 0.85 | 0.60 | 0.76 | 0.86 | ||||||||||||||||||
Net realized and unrealized gains (losses) |
(1.04 | ) | (0.89 | ) | 0.11 | 8.14 | (4.21 | ) | (1.79 | ) | ||||||||||||||
Total from investment operations |
(0.50 | ) | 0.22 | 0.96 | 8.74 | (3.45 | ) | (0.93 | ) | |||||||||||||||
Less distributions from net investment income |
(0.54 | ) | (0.84 | ) | (1.06 | ) | (0.49 | ) | (0.76 | ) | (0.81 | ) | ||||||||||||
Net asset value, end of period |
$ | 25.52 | $ | 26.56 | $ | 27.18 | $ | 27.28 | $ | 19.03 | $ | 23.24 | ||||||||||||
Total returnc |
(2.01)% | 1.31% | 3.30% | 46.23% | (15.44)% | (3.69)% | ||||||||||||||||||
Ratios to average net assetsd | ||||||||||||||||||||||||
Expenses before waiver and payments by affiliates |
0.22%e | 0.24%e | 0.09% | 0.09% | 0.09% | 0.09% | ||||||||||||||||||
Expenses net of waiver and payments by affiliates |
0.22%e | 0.24%e | 0.09% | 0.09% | 0.09% | —% | ||||||||||||||||||
Net investment income |
4.06% | 4.50% | 2.96% | 2.53% | 3.23% | 3.61% | ||||||||||||||||||
Supplemental data | ||||||||||||||||||||||||
Net assets, end of period (000’s) |
$117,407 | $111,558 | $184,857 | $229,126 | $91,356 | $74,359 | ||||||||||||||||||
Portfolio turnover ratef |
2.67%g | 5.22%g | 5.47%g | 5.00%g | 4.47%g | 5.81% |
aThe amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations for the period due to the timing of sales and repurchases of Creation Unit Fund shares in relation to income earned and/or fluctuating fair value of the investments of the Fund.
bBased on average daily shares outstanding.
cTotal return is not annualized for periods less than one year. Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period.
dRatios are annualized for periods less than one year, except for non-recurring expenses, if any.
eExpense ratios are including non-recurring European Union tax reclaim contingent fees that were incurred by the Fund during the period. Without these fees, the gross and net expense ratios would have been 0.09% and 0.09%, respectively, for the period ended September 30, 2023 and year ended March 31, 2023.
fPortfolio turnover rate includes portfolio transactions that are executed as a result of the Fund offering and redeeming Creation Units solely for cash (“Cash creations”).
gPortfolio turnover rate excluding cash creations was as follows: | 2.67% | 5.22% | 5.47% | 4.92% | 4.47% | — |
184 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Schedule of Investments, September 30, 2023 (unaudited)
Franklin FTSE Europe ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 98.3% |
| |||||||||||||
Australia 1.4% | ||||||||||||||
Glencore PLC |
Metals & Mining | 145,682 | $ | 835,539 | ||||||||||
Rio Tinto PLC |
Metals & Mining | 12,880 | 813,388 | |||||||||||
|
|
|||||||||||||
1,648,927 | ||||||||||||||
|
|
|||||||||||||
Austria 0.3% | ||||||||||||||
ANDRITZ AG |
Machinery | 828 | 41,921 | |||||||||||
Erste Group Bank AG |
Banks | 3,634 | 126,275 | |||||||||||
a |
Eurotelesites AG |
Diversified Telecommunication Services | 414 | 1,815 | ||||||||||
OMV AG |
Oil, Gas & Consumable Fuels | 1,656 | 79,459 | |||||||||||
a |
Raiffeisen Bank International AG |
Banks | 1,495 | 21,859 | ||||||||||
Telekom Austria AG |
Diversified Telecommunication Services | 1,656 | 11,572 | |||||||||||
Verbund AG |
Electric Utilities | 782 | 63,793 | |||||||||||
voestalpine AG |
Metals & Mining | 1,288 | 35,237 | |||||||||||
|
|
|||||||||||||
381,931 | ||||||||||||||
|
|
|||||||||||||
Belgium 1.2% | ||||||||||||||
Ackermans & van Haaren NV |
Construction & Engineering | 253 | 38,331 | |||||||||||
Ageas SA |
Insurance | 1,932 | 79,836 | |||||||||||
Anheuser-Busch InBev SA |
Beverages | 10,235 | 569,015 | |||||||||||
D’ieteren Group |
Distributors | 253 | 42,831 | |||||||||||
Elia Group SA |
Electric Utilities | 437 | 42,867 | |||||||||||
Groupe Bruxelles Lambert NV |
Financial Services | 1,173 | 87,629 | |||||||||||
KBC Group NV |
Banks | 2,921 | 182,897 | |||||||||||
Lotus Bakeries NV |
Food Products | 5 | 40,709 | |||||||||||
Sofina SA |
Financial Services | 207 | 42,035 | |||||||||||
Solvay SA |
Chemicals | 828 | 91,916 | |||||||||||
UCB SA |
Pharmaceuticals | 1,426 | 117,068 | |||||||||||
Umicore SA |
Chemicals | 2,438 | 57,949 | |||||||||||
Warehouses De Pauw CVA |
Industrial REITs | 1,840 | 45,664 | |||||||||||
|
|
|||||||||||||
1,438,747 | ||||||||||||||
|
|
|||||||||||||
Bermuda 0.0%† | ||||||||||||||
Hiscox Ltd. |
Insurance | 4,025 | 49,373 | |||||||||||
|
|
|||||||||||||
Chile 0.1% | ||||||||||||||
Antofagasta PLC |
Metals & Mining | 4,117 | 71,807 | |||||||||||
|
|
|||||||||||||
Denmark 4.7% | ||||||||||||||
AP Moller – Maersk AS, Class A |
Marine Transportation | 33 | 58,708 | |||||||||||
AP Moller – Maersk AS, Class B |
Marine Transportation | 59 | 106,679 | |||||||||||
Carlsberg AS, Class B |
Beverages | 1,127 | 142,635 | |||||||||||
Chr Hansen Holding AS |
Chemicals | 1,219 | 74,837 | |||||||||||
Coloplast AS, Class B |
Health Care Equipment & Supplies | 1,472 | 156,245 | |||||||||||
Danske Bank AS |
Banks | 7,797 | 181,940 | |||||||||||
a |
Demant AS |
Health Care Equipment & Supplies | 1,173 | 48,731 | ||||||||||
DSV AS |
Air Freight & Logistics | 2,093 | 391,962 | |||||||||||
a |
Genmab AS |
Biotechnology | 782 | 278,461 | ||||||||||
H Lundbeck AS |
Pharmaceuticals | 2,852 | 15,428 | |||||||||||
H Lundbeck AS, Class A |
Pharmaceuticals | 230 | 1,090 | |||||||||||
Novo Nordisk AS, Class B |
Pharmaceuticals | 37,007 | 3,383,236 | |||||||||||
Novozymes AS, Class B |
Chemicals | 2,346 | 94,830 | |||||||||||
b |
Orsted AS |
Electric Utilities | 2,231 | 121,984 | ||||||||||
Pandora AS |
Textiles, Apparel & Luxury Goods | 966 | 100,341 | |||||||||||
ROCKWOOL AS, Class B |
Building Products | 92 | 22,369 | |||||||||||
Royal Unibrew AS |
Beverages | 575 | 44,559 | |||||||||||
Tryg AS |
Insurance | 4,117 | 75,610 | |||||||||||
a |
Vestas Wind Systems AS |
Electrical Equipment | 11,845 | 254,888 | ||||||||||
|
|
|||||||||||||
5,554,533 | ||||||||||||||
|
|
franklintempleton.com |
Semiannual Report |
185 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Europe ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Finland 1.7% | ||||||||||||||
Elisa Oyj |
Diversified Telecommunication Services | 1,679 | $ | 78,021 | ||||||||||
Fortum Oyj |
Electric Utilities | 5,175 | 60,242 | |||||||||||
Kesko Oyj, Class B |
Consumer Staples Distribution & Retail | 3,197 | 57,441 | |||||||||||
Kone Oyj, Class B |
Machinery | 3,841 | 162,341 | |||||||||||
Metso Oyj |
Machinery | 7,498 | 79,020 | |||||||||||
Neste Oyj |
Oil, Gas & Consumable Fuels | 4,899 | 166,652 | |||||||||||
Nokia Oyj |
Communications Equipment | 62,353 | 235,546 | |||||||||||
Nordea Bank Abp |
Banks | 40,273 | 443,958 | |||||||||||
Orion Oyj, Class B |
Pharmaceuticals | 1,265 | 49,849 | |||||||||||
Sampo Oyj, Class A |
Insurance | 5,635 | 244,489 | |||||||||||
Stora Enso Oyj, Class R |
Paper & Forest Products | 6,693 | 84,255 | |||||||||||
UPM-Kymmene Oyj |
Paper & Forest Products | 6,302 | 216,648 | |||||||||||
Valmet Oyj |
Machinery | 2,001 | 45,888 | |||||||||||
Wartsila Oyj Abp |
Machinery | 5,750 | 65,474 | |||||||||||
|
|
|||||||||||||
1,989,824 | ||||||||||||||
|
|
|||||||||||||
France 17.1% | ||||||||||||||
Accor SA |
Hotels, Restaurants & Leisure | 2,185 | 73,889 | |||||||||||
Aeroports de Paris SA |
Transportation Infrastructure | 368 | 43,598 | |||||||||||
Air Liquide SA |
Chemicals | 6,072 | 1,027,568 | |||||||||||
Airbus SE |
Aerospace & Defense | 6,923 | 930,729 | |||||||||||
b |
ALD SA |
Ground Transportation | 2,300 | 17,862 | ||||||||||
Alstom SA |
Machinery | 3,381 | 80,900 | |||||||||||
b |
Amundi SA |
Capital Markets | 667 | 37,675 | ||||||||||
Arkema SA |
Chemicals | 690 | 68,349 | |||||||||||
AXA SA |
Insurance | 21,022 | 627,203 | |||||||||||
BioMerieux |
Health Care Equipment & Supplies | 506 | 49,190 | |||||||||||
BNP Paribas SA |
Banks | 12,673 | 810,822 | |||||||||||
Bollore SE |
Entertainment | 10,281 | 55,405 | |||||||||||
Bouygues SA |
Construction & Engineering | 2,530 | 88,770 | |||||||||||
Bureau Veritas SA |
Professional Services | 3,381 | 84,157 | |||||||||||
Capgemini SE |
IT Services | 1,909 | 335,107 | |||||||||||
Carrefour SA |
Consumer Staples Distribution & Retail | 6,877 | 118,571 | |||||||||||
Cie de Saint-Gobain SA |
Building Products | 5,497 | 331,039 | |||||||||||
Cie Generale des Etablissements Michelin SCA |
Automobile Components | 8,257 | 254,133 | |||||||||||
Covivio SA |
Office REITs | 621 | 27,680 | |||||||||||
Credit Agricole SA |
Banks | 13,087 | 162,003 | |||||||||||
Danone SA |
Food Products | 7,383 | 408,503 | |||||||||||
Dassault Aviation SA |
Aerospace & Defense | 276 | 52,131 | |||||||||||
Dassault Systemes SE |
Software | 7,912 | 295,660 | |||||||||||
Edenred SE |
Financial Services | 2,944 | 184,773 | |||||||||||
Eiffage SA |
Construction & Engineering | 874 | 83,318 | |||||||||||
Engie SA |
Multi-Utilities | 19,711 | 303,227 | |||||||||||
EssilorLuxottica SA |
Health Care Equipment & Supplies | 3,611 | 631,431 | |||||||||||
Eurazeo SE |
Financial Services | 575 | 34,366 | |||||||||||
Gecina SA |
Office REITs | 621 | 63,612 | |||||||||||
Getlink SE |
Transportation Infrastructure | 4,209 | 67,334 | |||||||||||
Hermes International SCA |
Textiles, Apparel & Luxury Goods | 403 | 738,065 | |||||||||||
Ipsen SA |
Pharmaceuticals | 414 | 54,440 | |||||||||||
a |
JCDecaux SE |
Media | 874 | 14,824 | ||||||||||
Kering SA |
Textiles, Apparel & Luxury Goods | 851 | 389,140 | |||||||||||
Klepierre SA |
Retail REITs | 2,392 | 58,831 | |||||||||||
b |
La Francaise des Jeux SAEM |
Hotels, Restaurants & Leisure | 1,173 | 38,251 | ||||||||||
Legrand SA |
Electrical Equipment | 3,036 | 280,614 | |||||||||||
L’Oreal SA |
Personal Care Products | 2,737 | 1,139,415 | |||||||||||
LVMH Moet Hennessy Louis Vuitton SE |
Textiles, Apparel & Luxury Goods | 2,921 | 2,215,545 | |||||||||||
b |
Neoen SA |
Independent Power Producers & Energy Traders | 828 | 24,213 | ||||||||||
Orange SA |
Diversified Telecommunication Services | 22,586 | 259,694 |
186 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Europe ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
France (continued) | ||||||||||||||
Pernod Ricard SA |
Beverages | 2,415 | $ | 403,604 | ||||||||||
Publicis Groupe SA |
Media | 2,691 | 204,451 | |||||||||||
Remy Cointreau SA |
Beverages | 253 | 30,978 | |||||||||||
Renault SA |
Automobiles | 2,277 | 93,719 | |||||||||||
Rexel SA |
Trading Companies & Distributors | 2,852 | 64,317 | |||||||||||
Safran SA |
Aerospace & Defense | 4,025 | 633,425 | |||||||||||
Sanofi |
Pharmaceuticals | 12,880 | 1,383,852 | |||||||||||
Sartorius Stedim Biotech |
Life Sciences Tools & Services | 276 | 66,041 | |||||||||||
Schneider Electric SE |
Electrical Equipment | 6,302 | 1,047,409 | |||||||||||
SCOR SE |
Insurance | 1,771 | 55,258 | |||||||||||
SEB SA |
Household Durables | 276 | 25,905 | |||||||||||
Societe Generale SA |
Banks | 8,395 | 204,829 | |||||||||||
Sodexo SA |
Hotels, Restaurants & Leisure | 1,035 | 106,863 | |||||||||||
a |
SOITEC |
Semiconductors & Semiconductor Equipment | 299 | 49,938 | ||||||||||
Teleperformance SE |
Professional Services | 690 | 87,226 | |||||||||||
Thales SA |
Aerospace & Defense | 1,173 | 165,299 | |||||||||||
TotalEnergies SE |
Oil, Gas & Consumable Fuels | 26,496 | 1,747,960 | |||||||||||
a |
Ubisoft Entertainment SA |
Entertainment | 1,196 | 38,950 | ||||||||||
a |
Unibail-Rodamco-Westfield |
Retail REITs | 1,219 | 60,336 | ||||||||||
Valeo SE |
Automobile Components | 2,438 | 42,152 | |||||||||||
Veolia Environnement SA |
Multi-Utilities | 7,498 | 217,753 | |||||||||||
Vinci SA |
Construction & Engineering | 5,796 | 644,457 | |||||||||||
Vivendi SE |
Media | 7,843 | 68,888 | |||||||||||
Wendel SE |
Financial Services | 322 | 25,586 | |||||||||||
a,b |
Worldline SA |
Financial Services | 2,898 | 81,769 | ||||||||||
|
|
|||||||||||||
20,113,002 | ||||||||||||||
|
|
|||||||||||||
Germany 11.9% | ||||||||||||||
adidas AG |
Textiles, Apparel & Luxury Goods | 1,955 | 344,880 | |||||||||||
Allianz SE |
Insurance | 4,692 | 1,121,200 | |||||||||||
BASF SE |
Chemicals | 10,511 | 477,970 | |||||||||||
Bayer AG |
Pharmaceuticals | 11,592 | 557,809 | |||||||||||
Bayerische Motoren Werke AG |
Automobiles | 3,680 | 375,516 | |||||||||||
Bechtle AG |
IT Services | 989 | 46,324 | |||||||||||
Beiersdorf AG |
Personal Care Products | 1,173 | 151,700 | |||||||||||
Brenntag SE |
Trading Companies & Distributors | 1,840 | 143,146 | |||||||||||
Carl Zeiss Meditec AG |
Health Care Equipment & Supplies | 437 | 38,319 | |||||||||||
Commerzbank AG |
Banks | 12,305 | 140,571 | |||||||||||
Continental AG |
Automobile Components | 1,265 | 89,413 | |||||||||||
a,b |
Covestro AG |
Chemicals | 2,231 | 120,607 | ||||||||||
CTS Eventim AG & Co. KGaA |
Entertainment | 713 | 40,651 | |||||||||||
Daimler Truck Holding AG |
Machinery | 6,348 | 220,581 | |||||||||||
a,b |
Delivery Hero SE |
Hotels, Restaurants & Leisure | 2,254 | 64,839 | ||||||||||
Deutsche Bank AG |
Capital Markets | 23,897 | 264,395 | |||||||||||
Deutsche Boerse AG |
Capital Markets | 2,185 | 378,699 | |||||||||||
a |
Deutsche Lufthansa AG |
Passenger Airlines | 7,107 | 56,479 | ||||||||||
Deutsche Post AG |
Air Freight & Logistics | 11,109 | 453,235 | |||||||||||
Deutsche Telekom AG |
Diversified Telecommunication Services | 40,020 | 841,831 | |||||||||||
Deutsche Wohnen SE |
Real Estate Management & Development | 621 | 14,136 | |||||||||||
b |
DWS Group GmbH & Co. KGaA |
Capital Markets | 414 | 14,114 | ||||||||||
E.ON SE |
Multi-Utilities | 26,289 | 311,735 | |||||||||||
Evonik Industries AG |
Chemicals | 2,415 | 44,298 | |||||||||||
Fielmann Group AG |
Specialty Retail | 276 | 11,946 | |||||||||||
a |
Fraport AG Frankfurt Airport Services Worldwide |
Transportation Infrastructure | 414 | 22,021 | ||||||||||
Fresenius Medical Care AG & Co. KGaA |
Health Care Providers & Services | 2,392 | 103,429 | |||||||||||
Fresenius SE & Co. KGaA |
Health Care Providers & Services | 4,830 | 150,651 | |||||||||||
FUCHS SE |
Chemicals | 391 | 12,564 |
franklintempleton.com |
Semiannual Report |
187 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Europe ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Germany (continued) | ||||||||||||||
GEA Group AG |
Machinery | 1,909 | $ | 70,660 | ||||||||||
Hannover Rueck SE |
Insurance | 713 | 156,941 | |||||||||||
Heidelberg Materials AG |
Construction Materials | 1,633 | 127,112 | |||||||||||
Hella GmbH & Co. KGaA |
Automobile Components | 276 | 19,578 | |||||||||||
a |
HelloFresh SE |
Consumer Staples Distribution & Retail | 1,886 | 56,470 | ||||||||||
Henkel AG & Co. KGaA |
Household Products | 1,196 | 75,621 | |||||||||||
HOCHTIEF AG |
Construction & Engineering | 253 | 25,648 | |||||||||||
Infineon Technologies AG |
Semiconductors & Semiconductor Equipment | 15,410 | 511,567 | |||||||||||
KION Group AG |
Machinery | 851 | 32,787 | |||||||||||
Knorr-Bremse AG |
Machinery | 782 | 49,826 | |||||||||||
a |
LEG Immobilien SE |
Real Estate Management & Development | 874 | 60,462 | ||||||||||
Mercedes-Benz Group AG |
Automobiles | 10,166 | 709,191 | |||||||||||
Merck KGaA |
Pharmaceuticals | 1,518 | 254,176 | |||||||||||
MTU Aero Engines AG |
Aerospace & Defense | 644 | 117,105 | |||||||||||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen |
Insurance | 1,633 | 638,151 | |||||||||||
Nemetschek SE |
Software | 621 | 38,055 | |||||||||||
Puma SE |
Textiles, Apparel & Luxury Goods | 1,196 | 74,456 | |||||||||||
Rational AG |
Machinery | 46 | 29,222 | |||||||||||
Rheinmetall AG |
Aerospace & Defense | 506 | 130,664 | |||||||||||
RWE AG |
Independent Power Producers & Energy Traders | 8,418 | 313,276 | |||||||||||
SAP SE |
Software | 12,972 | 1,686,823 | |||||||||||
Sartorius AG |
Life Sciences Tools & Services | 23 | 6,429 | |||||||||||
b |
Scout24 SE |
Interactive Media & Services | 874 | 60,758 | ||||||||||
Siemens AG |
Industrial Conglomerates | 8,809 | 1,265,237 | |||||||||||
a |
Siemens Energy AG |
Electrical Equipment | 5,083 | 66,625 | ||||||||||
b |
Siemens Healthineers AG |
Health Care Equipment & Supplies | 3,266 | 165,978 | ||||||||||
Sixt SE |
Ground Transportation | 161 | 14,966 | |||||||||||
Symrise AG |
Chemicals | 1,541 | 147,360 | |||||||||||
Talanx AG |
Insurance | 644 | 40,910 | |||||||||||
Telefonica Deutschland Holding AG |
Diversified Telecommunication Services | 10,511 | 18,863 | |||||||||||
thyssenkrupp AG |
Metals & Mining | 5,750 | 43,991 | |||||||||||
Traton SE |
Machinery | 575 | 12,133 | |||||||||||
Volkswagen AG |
Automobiles | 345 | 45,549 | |||||||||||
Vonovia SE |
Real Estate Management & Development | 8,257 | 199,407 | |||||||||||
Wacker Chemie AG |
Chemicals | 184 | 26,426 | |||||||||||
a,b |
Zalando SE |
Specialty Retail | 2,599 | 58,143 | ||||||||||
|
|
|||||||||||||
13,963,625 | ||||||||||||||
|
|
|||||||||||||
Ireland 1.6% | ||||||||||||||
AIB Group PLC |
Banks | 14,950 | 67,429 | |||||||||||
Bank of Ireland Group PLC |
Banks | 12,489 | 122,839 | |||||||||||
CRH PLC |
Construction Materials | 8,556 | 474,322 | |||||||||||
DCC PLC |
Industrial Conglomerates | 1,173 | 65,987 | |||||||||||
Experian PLC |
Professional Services | 10,810 | 355,055 | |||||||||||
a |
Flutter Entertainment PLC |
Hotels, Restaurants & Leisure | 2,093 | 342,062 | ||||||||||
Glanbia PLC |
Food Products | 2,093 | 34,591 | |||||||||||
Kerry Group PLC, Class A |
Food Products | 1,817 | 152,323 | |||||||||||
Kingspan Group PLC |
Building Products | 1,794 | 134,781 | |||||||||||
Smurfit Kappa Group PLC |
Containers & Packaging | 3,082 | 102,695 | |||||||||||
|
|
|||||||||||||
1,852,084 | ||||||||||||||
|
|
|||||||||||||
Isle Of Man 0.1% | ||||||||||||||
Entain PLC |
Hotels, Restaurants & Leisure | 7,475 | 85,105 | |||||||||||
|
|
|||||||||||||
Italy 3.7% | ||||||||||||||
A2A SpA |
Multi-Utilities | 17,963 | 32,065 | |||||||||||
Amplifon SpA |
Health Care Providers & Services | 1,541 | 45,879 |
188 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Europe ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Italy (continued) | ||||||||||||||
Assicurazioni Generali SpA |
Insurance | 15,939 | $ | 326,792 | ||||||||||
Banca Mediolanum SpA |
Financial Services | 2,921 | 25,056 | |||||||||||
Banco BPM SpA |
Banks | 16,123 | 77,414 | |||||||||||
Buzzi SpA |
Construction Materials | 989 | 27,141 | |||||||||||
Davide Campari-Milano NV |
Beverages | 5,957 | 70,417 | |||||||||||
DiaSorin SpA |
Health Care Equipment & Supplies | 253 | 23,149 | |||||||||||
Enel SpA |
Electric Utilities | 91,839 | 565,905 | |||||||||||
Eni SpA |
Oil, Gas & Consumable Fuels | 25,668 | 414,597 | |||||||||||
Ferrari NV |
Automobiles | 1,403 | 415,474 | |||||||||||
FinecoBank Banca Fineco SpA |
Banks | 7,222 | 88,047 | |||||||||||
Hera SpA |
Multi-Utilities | 8,924 | 24,471 | |||||||||||
b |
Infrastrutture Wireless Italiane SpA |
Diversified Telecommunication Services | 4,186 | 49,926 | ||||||||||
Interpump Group SpA |
Machinery | 943 | 43,420 | |||||||||||
Intesa Sanpaolo SpA |
Banks | 181,999 | 470,167 | |||||||||||
Italgas SpA |
Gas Utilities | 5,819 | 29,893 | |||||||||||
Leonardo SpA |
Aerospace & Defense | 4,807 | 69,521 | |||||||||||
Mediobanca Banca di Credito Finanziario SpA |
Banks | 7,636 | 101,300 | |||||||||||
Moncler SpA |
Textiles, Apparel & Luxury Goods | 2,415 | 140,833 | |||||||||||
a,b |
Nexi SpA |
Financial Services | 6,555 | 40,169 | ||||||||||
b |
Pirelli & C SpA |
Automobile Components | 5,865 | 28,322 | ||||||||||
b |
Poste Italiane SpA |
Insurance | 5,428 | 57,285 | ||||||||||
Prysmian SpA |
Electrical Equipment | 3,128 | 126,344 | |||||||||||
Recordati Industria Chimica e Farmaceutica SpA |
Pharmaceuticals | 1,127 | 53,348 | |||||||||||
Reply SpA |
IT Services | 276 | 26,022 | |||||||||||
Snam SpA |
Gas Utilities | 26,910 | 126,756 | |||||||||||
a |
Telecom Italia SpA |
Diversified Telecommunication Services | 127,328 | 39,917 | ||||||||||
a |
Telecom Italia SpA |
Diversified Telecommunication Services | 70,725 | 22,262 | ||||||||||
Tenaris SA |
Energy Equipment & Services | 5,520 | 87,577 | |||||||||||
Terna – Rete Elettrica Nazionale |
Electric Utilities | 16,675 | 125,842 | |||||||||||
UniCredit SpA |
Banks | 20,838 | 501,475 | |||||||||||
UnipolSai Assicurazioni SpA |
Insurance | 5,060 | 12,247 | |||||||||||
|
|
|||||||||||||
4,289,033 | ||||||||||||||
|
|
|||||||||||||
Luxembourg 0.2% | ||||||||||||||
ArcelorMittal SA |
Metals & Mining | 5,842 | 147,053 | |||||||||||
Eurofins Scientific SE |
Life Sciences Tools & Services | 1,449 | 82,076 | |||||||||||
RTL Group SA |
Media | 437 | 15,037 | |||||||||||
|
|
|||||||||||||
244,166 | ||||||||||||||
|
|
|||||||||||||
Mexico 0.0%† | ||||||||||||||
Fresnillo PLC |
Metals & Mining | 2,185 | 14,700 | |||||||||||
|
|
|||||||||||||
Netherlands 8.8% | ||||||||||||||
Aalberts NV |
Machinery | 1,150 | 42,225 | |||||||||||
b |
ABN AMRO Bank NV, GDR |
Banks | 4,508 | 64,147 | ||||||||||
a,b |
Adyen NV |
Financial Services | 345 | 257,770 | ||||||||||
Aegon NV |
Insurance | 20,171 | 97,853 | |||||||||||
Akzo Nobel NV |
Chemicals | 2,001 | 145,079 | |||||||||||
a |
Argenx SE |
Biotechnology | 661 | 322,343 | ||||||||||
a |
Argenx SE |
Biotechnology | 29 | 14,142 | ||||||||||
ASM International NV |
Semiconductors & Semiconductor Equipment | 552 | 232,311 | |||||||||||
ASML Holding NV |
Semiconductors & Semiconductor Equipment | 4,669 | 2,763,801 | |||||||||||
ASR Nederland NV |
Insurance | 1,679 | 63,142 | |||||||||||
BE Semiconductor Industries NV |
Semiconductors & Semiconductor Equipment | 897 | 88,322 | |||||||||||
b |
CTP NV |
Real Estate Management & Development | 1,265 | 18,134 | ||||||||||
b |
Euronext NV |
Capital Markets | 966 | 67,502 | ||||||||||
EXOR NV |
Financial Services | 1,196 | 106,290 |
franklintempleton.com |
Semiannual Report |
189 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Europe ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Netherlands (continued) | ||||||||||||||
Ferrovial SE |
Construction & Engineering | 6,118 | $ | 187,651 | ||||||||||
Heineken Holding NV |
Beverages | 1,541 | 116,492 | |||||||||||
Heineken NV |
Beverages | 3,312 | 292,659 | |||||||||||
IMCD NV |
Trading Companies & Distributors | 667 | 84,742 | |||||||||||
ING Groep NV |
Banks | 42,619 | 566,292 | |||||||||||
JDE Peet’s NV |
Food Products | 1,403 | 39,245 | |||||||||||
Koninklijke Ahold Delhaize NV |
Consumer Staples Distribution & Retail | 11,500 | 347,249 | |||||||||||
Koninklijke KPN NV |
Diversified Telecommunication Services | 37,743 | 124,637 | |||||||||||
Koninklijke Philips NV |
Health Care Equipment & Supplies | 10,856 | 217,991 | |||||||||||
Koninklijke Vopak NV |
Oil, Gas & Consumable Fuels | 759 | 26,052 | |||||||||||
NN Group NV |
Insurance | 3,358 | 108,223 | |||||||||||
a |
OCI NV |
Chemicals | 1,150 | 32,132 | ||||||||||
Prosus NV |
Broadline Retail | 18,197 | 537,909 | |||||||||||
a |
QIAGEN NV |
Life Sciences Tools & Services | 2,622 | 106,239 | ||||||||||
Randstad NV |
Professional Services | 1,311 | 72,705 | |||||||||||
Shell PLC |
Oil, Gas & Consumable Fuels | 79,281 | 2,521,732 | |||||||||||
b |
Signify NV |
Electrical Equipment | 1,495 | 40,378 | ||||||||||
Universal Music Group NV |
Entertainment | 8,855 | 231,850 | |||||||||||
Wolters Kluwer NV |
Professional Services | 2,898 | 351,776 | |||||||||||
|
|
|||||||||||||
10,289,015 | ||||||||||||||
|
|
|||||||||||||
Nigeria 0.0%† | ||||||||||||||
b |
Airtel Africa PLC |
Wireless Telecommunication Services | 13,133 | 20,133 | ||||||||||
|
|
|||||||||||||
Norway 1.2% | ||||||||||||||
a |
Adevinta ASA, Class B |
Interactive Media & Services | 3,335 | 33,191 | ||||||||||
Aker ASA, Class A |
Industrial Conglomerates | 276 | 17,106 | |||||||||||
Aker BP ASA |
Oil, Gas & Consumable Fuels | 3,634 | 101,088 | |||||||||||
a,b |
AutoStore Holdings Ltd. |
Machinery | 8,257 | 11,744 | ||||||||||
DNB Bank ASA |
Banks | 12,052 | 244,192 | |||||||||||
Equinor ASA |
Oil, Gas & Consumable Fuels | 11,017 | 363,563 | |||||||||||
Gjensidige Forsikring ASA |
Insurance | 2,047 | 30,299 | |||||||||||
Kongsberg Gruppen ASA |
Aerospace & Defense | 897 | 37,192 | |||||||||||
Mowi ASA |
Food Products | 5,244 | 93,414 | |||||||||||
Norsk Hydro ASA |
Metals & Mining | 15,801 | 99,788 | |||||||||||
Orkla ASA |
Food Products | 9,039 | 67,940 | |||||||||||
Salmar ASA |
Food Products | 736 | 37,585 | |||||||||||
Schibsted ASA, Class A |
Media | 897 | 20,307 | |||||||||||
Schibsted ASA, Class B |
Media | 1,150 | 24,122 | |||||||||||
Telenor ASA |
Diversified Telecommunication Services | 7,337 | 83,776 | |||||||||||
TOMRA Systems ASA |
Machinery | 2,760 | 31,683 | |||||||||||
Var Energi ASA |
Oil, Gas & Consumable Fuels | 4,669 | 13,699 | |||||||||||
Yara International ASA |
Chemicals | 1,932 | 73,588 | |||||||||||
|
|
|||||||||||||
1,384,277 | ||||||||||||||
|
|
|||||||||||||
Poland 0.4% | ||||||||||||||
a,b |
Allegro.eu SA |
Broadline Retail | 5,359 | 39,575 | ||||||||||
Bank Polska Kasa Opieki SA |
Banks | 1,863 | 43,085 | |||||||||||
a,b |
Dino Polska SA |
Consumer Staples Distribution & Retail | 575 | 46,764 | ||||||||||
a |
InPost SA |
Air Freight & Logistics | 2,438 | 28,394 | ||||||||||
KGHM Polska Miedz SA |
Metals & Mining | 1,633 | 41,881 | |||||||||||
LPP SA |
Textiles, Apparel & Luxury Goods | 13 | 38,717 | |||||||||||
ORLEN SA |
Oil, Gas & Consumable Fuels | 6,831 | 91,861 | |||||||||||
a |
Powszechna Kasa Oszczednosci Bank Polski SA |
Banks | 10,074 | 80,130 | ||||||||||
Powszechny Zaklad Ubezpieczen SA |
Insurance | 6,716 | 63,651 | |||||||||||
a |
Santander Bank Polska SA |
Banks | 391 | 32,247 | ||||||||||
|
|
|||||||||||||
506,305 | ||||||||||||||
|
|
190 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Europe ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Portugal 0.3% | ||||||||||||||
EDP – Energias de Portugal SA |
Electric Utilities | 35,627 | $ | 148,466 | ||||||||||
Galp Energia SGPS SA, Class B |
Oil, Gas & Consumable Fuels | 5,980 | 88,892 | |||||||||||
Jeronimo Martins SGPS SA |
Consumer Staples Distribution & Retail | 3,243 | 72,997 | |||||||||||
|
|
|||||||||||||
310,355 | ||||||||||||||
|
|
|||||||||||||
Russia 0.0%† | ||||||||||||||
a,c |
Evraz PLC |
Metals & Mining | 10,404 | — | ||||||||||
|
|
|||||||||||||
Spain 3.9% | ||||||||||||||
Acciona SA |
Electric Utilities | 276 | 35,270 | |||||||||||
ACS Actividades de Construccion y Servicios SA |
Construction & Engineering | 2,622 | 94,580 | |||||||||||
b |
Aena SME SA |
Transportation Infrastructure | 828 | 125,010 | ||||||||||
Amadeus IT Group SA |
Hotels, Restaurants & Leisure | 5,313 | 322,208 | |||||||||||
Banco Bilbao Vizcaya Argentaria SA |
Banks | 70,679 | 576,950 | |||||||||||
Banco de Sabadell SA |
Banks | 62,100 | 72,356 | |||||||||||
Banco Santander SA |
Banks | 189,359 | 725,451 | |||||||||||
Bankinter SA |
Banks | 8,165 | 52,248 | |||||||||||
CaixaBank SA |
Banks | 44,551 | 178,579 | |||||||||||
a,b |
Cellnex Telecom SA |
Diversified Telecommunication Services | 6,624 | 231,224 | ||||||||||
Corp. ACCIONA Energias Renovables SA |
Independent Power Producers & Energy Traders | 667 | 17,231 | |||||||||||
EDP Renovaveis SA |
Independent Power Producers & Energy Traders | 3,473 | 57,049 | |||||||||||
Enagas SA |
Gas Utilities | 2,944 | 48,874 | |||||||||||
Endesa SA |
Electric Utilities | 3,749 | 76,507 | |||||||||||
a |
Grifols SA |
Biotechnology | 3,841 | 50,000 | ||||||||||
Iberdrola SA |
Electric Utilities | 70,334 | 788,969 | |||||||||||
Industria de Diseno Textil SA |
Specialty Retail | 12,420 | 464,052 | |||||||||||
Mapfre SA |
Insurance | 11,707 | 23,922 | |||||||||||
Merlin Properties Socimi SA |
Diversified REITs | 3,864 | 32,667 | |||||||||||
Naturgy Energy Group SA |
Gas Utilities | 1,610 | 43,910 | |||||||||||
Redeia Corp. SA |
Electric Utilities | 5,083 | 80,159 | |||||||||||
Repsol SA |
Oil, Gas & Consumable Fuels | 15,249 | 251,376 | |||||||||||
Telefonica SA |
Diversified Telecommunication Services | 59,202 | 242,447 | |||||||||||
|
|
|||||||||||||
4,591,039 | ||||||||||||||
|
|
|||||||||||||
Sweden 4.6% | ||||||||||||||
Alfa Laval AB |
Machinery | 3,657 | 126,498 | |||||||||||
Assa Abloy AB, Class B |
Building Products | 11,454 | 251,132 | |||||||||||
Atlas Copco AB, Class A |
Machinery | 29,923 | 405,567 | |||||||||||
Atlas Copco AB, Class B |
Machinery | 17,917 | 211,425 | |||||||||||
Axfood AB |
Consumer Staples Distribution & Retail | 1,242 | 28,626 | |||||||||||
Beijer Ref AB |
Trading Companies & Distributors | 4,393 | 46,703 | |||||||||||
Boliden AB |
Metals & Mining | 3,243 | 93,864 | |||||||||||
Castellum AB |
Real Estate Management & Development | 5,037 | 51,626 | |||||||||||
a |
Electrolux AB, Class B |
Household Durables | 2,645 | 27,523 | ||||||||||
Epiroc AB, Class A |
Machinery | 7,360 | 140,911 | |||||||||||
Epiroc AB, Class B |
Machinery | 4,485 | 72,327 | |||||||||||
EQT AB |
Capital Markets | 4,968 | 99,184 | |||||||||||
Essity AB, Class B |
Household Products | 7,199 | 156,316 | |||||||||||
b |
Evolution AB |
Hotels, Restaurants & Leisure | 2,162 | 220,176 | ||||||||||
a |
Fastighets AB Balder, Class B |
Real Estate Management & Development | 7,406 | 33,607 | ||||||||||
Getinge AB, Class B |
Health Care Equipment & Supplies | 2,599 | 46,099 | |||||||||||
H & M Hennes & Mauritz AB, Class B |
Specialty Retail | 7,820 | 111,899 | |||||||||||
Hexagon AB, Class B |
Electronic Equipment, Instruments & Components | 24,748 | 212,714 | |||||||||||
Holmen AB, Class B |
Paper & Forest Products | 966 | 37,860 | |||||||||||
Husqvarna AB, Class B |
Machinery | 4,922 | 37,938 | |||||||||||
Industrivarden AB, Class A |
Financial Services | 1,495 | 39,741 | |||||||||||
Industrivarden AB, Class C |
Financial Services | 1,771 | 47,045 |
franklintempleton.com |
Semiannual Report |
191 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Europe ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Sweden (continued) | ||||||||||||||
Indutrade AB |
Machinery | 3,358 | $ | 62,652 | ||||||||||
Investment AB Latour, Class B |
Industrial Conglomerates | 1,702 | 30,197 | |||||||||||
Investor AB, Class A |
Financial Services | 5,037 | 96,204 | |||||||||||
Investor AB, Class B |
Financial Services | 19,642 | 379,309 | |||||||||||
a |
Kinnevik AB, Class B |
Financial Services | 2,852 | 28,667 | ||||||||||
L E Lundbergforetagen AB, Class B |
Financial Services | 874 | 36,765 | |||||||||||
Lifco AB, Class B |
Industrial Conglomerates | 2,714 | 47,951 | |||||||||||
Nibe Industrier AB, Class B |
Building Products | 17,204 | 113,699 | |||||||||||
Saab AB, Class B |
Aerospace & Defense | 1,081 | 55,402 | |||||||||||
Sagax AB, Class B |
Real Estate Management & Development | 2,070 | 39,726 | |||||||||||
Sagax AB, Class D |
Real Estate Management & Development | 1,380 | 3,258 | |||||||||||
Sandvik AB |
Machinery | 12,788 | 237,299 | |||||||||||
Securitas AB, Class B |
Commercial Services & Supplies | 5,750 | 45,866 | |||||||||||
Skandinaviska Enskilda Banken AB, Class A |
Banks | 19,205 | 230,954 | |||||||||||
Skandinaviska Enskilda Banken AB, Class C |
Banks | 253 | 3,027 | |||||||||||
Skanska AB, Class B |
Construction & Engineering | 4,255 | 70,498 | |||||||||||
SKF AB, Class B |
Machinery | 4,554 | 76,353 | |||||||||||
SSAB AB, Class A |
Metals & Mining | 2,806 | 15,936 | |||||||||||
SSAB AB, Class B |
Metals & Mining | 7,728 | 42,751 | |||||||||||
Svenska Cellulosa AB SCA, Class B |
Paper & Forest Products | 7,061 | 97,457 | |||||||||||
Svenska Handelsbanken AB, Class A |
Banks | 17,595 | 158,002 | |||||||||||
Svenska Handelsbanken AB, Class B |
Banks | 437 | 4,642 | |||||||||||
Sweco AB, Class B |
Construction & Engineering | 2,392 | 22,502 | |||||||||||
Swedbank AB, Class A |
Banks | 11,937 | 221,178 | |||||||||||
a |
Swedish Orphan Biovitrum AB |
Biotechnology | 2,025 | 41,640 | ||||||||||
Tele2 AB, Class B |
Wireless Telecommunication Services | 6,578 | 50,666 | |||||||||||
Telefonaktiebolaget LM Ericsson, Class A |
Communications Equipment | 437 | 2,204 | |||||||||||
Telefonaktiebolaget LM Ericsson, Class B |
Communications Equipment | 34,661 | 170,143 | |||||||||||
Telia Co. AB |
Diversified Telecommunication Services | 28,865 | 59,966 | |||||||||||
Trelleborg AB, Class B |
Machinery | 2,668 | 66,846 | |||||||||||
Volvo AB, Class A |
Machinery | 2,392 | 50,067 | |||||||||||
Volvo AB, Class B |
Machinery | 17,894 | 371,577 | |||||||||||
a |
Volvo Car AB, Class B |
Automobiles | 6,279 | 25,684 | ||||||||||
|
|
|||||||||||||
5,457,869 | ||||||||||||||
|
|
|||||||||||||
Switzerland 14.9% | ||||||||||||||
ABB Ltd. |
Electrical Equipment | 17,687 | 634,164 | |||||||||||
Adecco Group AG |
Professional Services | 1,863 | 76,899 | |||||||||||
Alcon, Inc. |
Health Care Equipment & Supplies | 5,773 | 447,679 | |||||||||||
Bachem Holding AG, Class B |
Life Sciences Tools & Services | 368 | 27,355 | |||||||||||
Baloise Holding AG |
Insurance | 529 | 76,852 | |||||||||||
Banque Cantonale Vaudoise |
Banks | 322 | 33,809 | |||||||||||
Barry Callebaut AG |
Food Products | 42 | 66,939 | |||||||||||
Belimo Holding AG |
Building Products | 115 | 54,785 | |||||||||||
BKW AG |
Electric Utilities | 207 | 36,544 | |||||||||||
Chocoladefabriken Lindt & Spruengli AG |
Food Products | 24 | 267,337 | |||||||||||
Cie Financiere Richemont SA, Class A |
Textiles, Apparel & Luxury Goods | 6,072 | 743,402 | |||||||||||
Clariant AG |
Chemicals | 2,645 | 41,924 | |||||||||||
Coca-Cola HBC AG |
Beverages | 2,323 | 63,767 | |||||||||||
DKSH Holding AG |
Professional Services | 414 | 28,081 | |||||||||||
DSM-Firmenich AG |
Chemicals | 2,047 | 173,663 | |||||||||||
a |
Dufry AG |
Specialty Retail | 1,219 | 46,519 | ||||||||||
Emmi AG |
Food Products | 23 | 21,723 | |||||||||||
EMS-Chemie Holding AG |
Chemicals | 92 | 62,654 | |||||||||||
Flughafen Zurich AG |
Transportation Infrastructure | 230 | 43,948 | |||||||||||
Geberit AG |
Building Products | 391 | 196,184 | |||||||||||
Georg Fischer AG |
Machinery | 966 | 54,541 | |||||||||||
Givaudan SA |
Chemicals | 94 | 307,648 |
192 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Europe ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Switzerland (continued) | ||||||||||||||
Helvetia Holding AG |
Insurance | 414 | $ | 58,108 | ||||||||||
Julius Baer Group Ltd. |
Capital Markets | 2,415 | 155,386 | |||||||||||
Kuehne & Nagel International AG |
Marine Transportation | 598 | 170,614 | |||||||||||
Logitech International SA |
Technology Hardware, Storage & Peripherals | 1,863 | 128,870 | |||||||||||
Lonza Group AG |
Life Sciences Tools & Services | 874 | 406,618 | |||||||||||
Nestle SA |
Food Products | 31,579 | 3,581,117 | |||||||||||
Novartis AG |
Pharmaceuticals | 24,472 | 2,511,135 | |||||||||||
Partners Group Holding AG |
Capital Markets | 253 | 286,105 | |||||||||||
PSP Swiss Property AG |
Real Estate Management & Development | 529 | 62,569 | |||||||||||
Roche Holding AG |
Pharmaceuticals | 8,188 | 2,241,675 | |||||||||||
Roche Holding AG |
Pharmaceuticals | 345 | 101,599 | |||||||||||
Schindler Holding AG, PC |
Machinery | 483 | 96,621 | |||||||||||
Schindler Holding AG |
Machinery | 230 | 44,451 | |||||||||||
SGS SA |
Professional Services | 1,725 | 145,233 | |||||||||||
SIG Group AG |
Containers & Packaging | 3,910 | 96,767 | |||||||||||
Sika AG |
Chemicals | 1,587 | 404,383 | |||||||||||
Sonova Holding AG |
Health Care Equipment & Supplies | 598 | 142,309 | |||||||||||
STMicroelectronics NV |
Semiconductors & Semiconductor Equipment | 7,636 | 331,348 | |||||||||||
Straumann Holding AG |
Health Care Equipment & Supplies | 1,265 | 162,066 | |||||||||||
Swatch Group AG |
Textiles, Apparel & Luxury Goods | 345 | 88,777 | |||||||||||
Swatch Group AG |
Textiles, Apparel & Luxury Goods | 621 | 30,446 | |||||||||||
Swiss Life Holding AG |
Insurance | 391 | 244,311 | |||||||||||
Swiss Prime Site AG |
Real Estate Management & Development | 897 | 82,316 | |||||||||||
Swiss Re AG |
Insurance | 3,404 | 350,968 | |||||||||||
Swisscom AG |
Diversified Telecommunication Services | 299 | 177,870 | |||||||||||
Tecan Group AG |
Life Sciences Tools & Services | 161 | 54,418 | |||||||||||
Temenos AG |
Software | 713 | 50,209 | |||||||||||
UBS Group AG |
Capital Markets | 33,672 | 835,175 | |||||||||||
b |
VAT Group AG |
Machinery | 299 | 107,533 | ||||||||||
Zurich Insurance Group AG |
Insurance | 1,748 | 802,727 | |||||||||||
|
|
|||||||||||||
17,458,141 | ||||||||||||||
|
|
|||||||||||||
United Kingdom 19.5% | ||||||||||||||
3i Group PLC |
Capital Markets | 11,270 | 285,153 | |||||||||||
abrdn PLC |
Capital Markets | 22,103 | 42,018 | |||||||||||
Admiral Group PLC |
Insurance | 3,588 | 104,097 | |||||||||||
Allfunds Group PLC |
Capital Markets | 3,979 | 22,075 | |||||||||||
Anglo American PLC |
Metals & Mining | 14,260 | 394,311 | |||||||||||
Ashtead Group PLC |
Trading Companies & Distributors | 5,175 | 315,944 | |||||||||||
Associated British Foods PLC |
Food Products | 4,048 | 102,175 | |||||||||||
AstraZeneca PLC |
Pharmaceuticals | 17,480 | 2,368,635 | |||||||||||
b |
Auto Trader Group PLC |
Interactive Media & Services | 10,465 | 78,886 | ||||||||||
Aviva PLC |
Insurance | 32,453 | 154,402 | |||||||||||
B&M European Value Retail SA |
Broadline Retail | 11,063 | 79,181 | |||||||||||
BAE Systems PLC |
Aerospace & Defense | 35,926 | 437,530 | |||||||||||
Barclays PLC |
Banks | 183,011 | 355,031 | |||||||||||
Barratt Developments PLC |
Household Durables | 11,546 | 62,162 | |||||||||||
Beazley PLC |
Insurance | 7,751 | 52,364 | |||||||||||
Berkeley Group Holdings PLC |
Household Durables | 1,219 | 61,106 | |||||||||||
BP PLC |
Oil, Gas & Consumable Fuels | 200,261 | 1,298,893 | |||||||||||
British American Tobacco PLC |
Tobacco | 26,312 | 827,606 | |||||||||||
British Land Co. PLC |
Diversified REITs | 10,902 | 42,168 | |||||||||||
BT Group PLC |
Diversified Telecommunication Services | 74,451 | 106,047 | |||||||||||
Bunzl PLC |
Trading Companies & Distributors | 3,979 | 142,103 | |||||||||||
Burberry Group PLC |
Textiles, Apparel & Luxury Goods | 4,462 | 103,939 | |||||||||||
Centrica PLC |
Multi-Utilities | 65,757 | 123,961 | |||||||||||
CNH Industrial NV |
Machinery | 11,500 | 140,507 | |||||||||||
Compass Group PLC |
Hotels, Restaurants & Leisure | 20,608 | 503,062 |
franklintempleton.com |
Semiannual Report |
193 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Europe ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
United Kingdom (continued) | ||||||||||||||
b |
ConvaTec Group PLC |
Health Care Equipment & Supplies | 19,481 | $ | 51,787 | |||||||||
Croda International PLC |
Chemicals | 1,656 | 99,343 | |||||||||||
Dechra Pharmaceuticals PLC |
Pharmaceuticals | 1,288 | 59,550 | |||||||||||
Diageo PLC |
Beverages | 26,128 | 967,558 | |||||||||||
Dowlais Group PLC |
Automobile Components | 15,916 | 20,864 | |||||||||||
DS Smith PLC |
Containers & Packaging | 15,134 | 53,033 | |||||||||||
Endeavour Mining PLC |
Metals & Mining | 2,162 | 41,852 | |||||||||||
Ferguson PLC |
Trading Companies & Distributors | 2,415 | 399,846 | |||||||||||
GSK PLC |
Pharmaceuticals | 47,564 | 866,169 | |||||||||||
Haleon PLC |
Personal Care Products | 61,663 | 256,533 | |||||||||||
Halma PLC |
Electronic Equipment, Instruments & Components | 4,485 | 106,117 | |||||||||||
Hargreaves Lansdown PLC |
Capital Markets | 4,508 | 42,543 | |||||||||||
Hikma Pharmaceuticals PLC |
Pharmaceuticals | 1,863 | 47,479 | |||||||||||
Howden Joinery Group PLC |
Trading Companies & Distributors | 6,118 | 54,989 | |||||||||||
HSBC Holdings PLC |
Banks | 233,427 | 1,837,380 | |||||||||||
IMI PLC |
Machinery | 3,036 | 58,104 | |||||||||||
Imperial Brands PLC |
Tobacco | 10,695 | 217,607 | |||||||||||
Informa PLC |
Media | 16,353 | 149,777 | |||||||||||
InterContinental Hotels Group PLC |
Hotels, Restaurants & Leisure | 1,978 | 146,641 | |||||||||||
Intermediate Capital Group PLC |
Capital Markets | 3,289 | 55,519 | |||||||||||
a |
International Consolidated Airlines Group SA |
Passenger Airlines | 13,156 | 23,765 | ||||||||||
Intertek Group PLC |
Professional Services | 1,909 | 95,811 | |||||||||||
ITV PLC |
Media | 43,631 | 37,608 | |||||||||||
J Sainsbury PLC |
Consumer Staples Distribution & Retail | 20,286 | 62,593 | |||||||||||
JD Sports Fashion PLC |
Specialty Retail | 29,233 | 53,413 | |||||||||||
Johnson Matthey PLC |
Chemicals | 2,162 | 42,960 | |||||||||||
Kingfisher PLC |
Specialty Retail | 22,218 | 60,555 | |||||||||||
Land Securities Group PLC |
Diversified REITs | 8,648 | 62,255 | |||||||||||
Legal & General Group PLC |
Insurance | 70,012 | 190,133 | |||||||||||
Lloyds Banking Group PLC |
Banks | 760,932 | 412,089 | |||||||||||
London Stock Exchange Group PLC |
Capital Markets | 5,359 | 538,580 | |||||||||||
M&G PLC |
Financial Services | 25,898 | 62,366 | |||||||||||
Melrose Industries PLC |
Aerospace & Defense | 15,916 | 91,148 | |||||||||||
Mondi PLC |
Paper & Forest Products | 5,750 | 96,324 | |||||||||||
National Grid PLC |
Multi-Utilities | 43,447 | 519,686 | |||||||||||
NatWest Group PLC |
Banks | 64,952 | 186,856 | |||||||||||
Next PLC |
Broadline Retail | 1,426 | 126,987 | |||||||||||
a,c |
NMC Health PLC |
Health Care Providers & Services | 1,159 | — | ||||||||||
a |
Ocado Group PLC |
Consumer Staples Distribution & Retail | 7,199 | 52,756 | ||||||||||
Pearson PLC |
Diversified Consumer Services | 8,418 | 89,225 | |||||||||||
a |
Pepco Group NV |
Broadline Retail | 1,702 | 7,892 | ||||||||||
Persimmon PLC |
Household Durables | 3,772 | 49,607 | |||||||||||
Phoenix Group Holdings PLC |
Insurance | 8,694 | 51,168 | |||||||||||
Prudential PLC |
Insurance | 32,614 | 353,805 | |||||||||||
Reckitt Benckiser Group PLC |
Household Products | 8,487 | 600,189 | |||||||||||
RELX PLC |
Professional Services | 22,425 | 759,540 | |||||||||||
Renishaw PLC |
Electronic Equipment, Instruments & Components | 391 | 16,808 | |||||||||||
Rentokil Initial PLC |
Commercial Services & Supplies | 29,969 | 223,203 | |||||||||||
Rightmove PLC |
Interactive Media & Services | 9,683 | 66,444 | |||||||||||
a |
Rolls-Royce Holdings PLC |
Aerospace & Defense | 99,337 | 267,832 | ||||||||||
RS Group PLC |
Trading Companies & Distributors | 5,635 | 50,579 | |||||||||||
Sage Group PLC |
Software | 12,121 | 146,315 | |||||||||||
Schroders PLC |
Capital Markets | 9,959 | 49,497 | |||||||||||
Segro PLC |
Industrial REITs | 14,490 | 127,231 | |||||||||||
Severn Trent PLC |
Water Utilities | 2,967 | 85,645 | |||||||||||
Smith & Nephew PLC |
Health Care Equipment & Supplies | 10,373 | 129,520 | |||||||||||
Smiths Group PLC |
Industrial Conglomerates | 4,163 | 82,289 |
194 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Europe ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
United Kingdom (continued) | ||||||||||||||
Spirax-Sarco Engineering PLC |
Machinery | 874 | $ | 101,620 | ||||||||||
SSE PLC |
Electric Utilities | 12,857 | 252,651 | |||||||||||
St. James’s Place PLC |
Capital Markets | 6,302 | 64,012 | |||||||||||
Standard Chartered PLC |
Banks | 26,910 | 248,965 | |||||||||||
Tate & Lyle PLC |
Food Products | 4,692 | 39,257 | |||||||||||
Taylor Wimpey PLC |
Household Durables | 42,067 | 60,228 | |||||||||||
Tesco PLC |
Consumer Staples Distribution & Retail | 83,720 | 269,971 | |||||||||||
Unilever PLC |
Personal Care Products | 29,647 | 1,469,861 | |||||||||||
UNITE Group PLC |
Residential REITs | 4,071 | 44,596 | |||||||||||
United Utilities Group PLC |
Water Utilities | 8,119 | 93,963 | |||||||||||
Vodafone Group PLC |
Wireless Telecommunication Services | 258,221 | 242,115 | |||||||||||
Weir Group PLC |
Machinery | 3,105 | 72,063 | |||||||||||
Whitbread PLC |
Hotels, Restaurants & Leisure | 2,323 | 98,216 | |||||||||||
a |
Wise PLC, Class A |
Financial Services | 8,372 | 70,058 | ||||||||||
WPP PLC |
Media | 12,328 | 110,294 | |||||||||||
|
|
|||||||||||||
22,846,591 | ||||||||||||||
|
|
|||||||||||||
United States 0.7% | ||||||||||||||
Holcim AG, Class B |
Construction Materials | 5,865 | 376,852 | |||||||||||
Stellantis NV |
Automobiles | 25,714 | 495,762 | |||||||||||
|
|
|||||||||||||
872,614 | ||||||||||||||
|
|
|||||||||||||
Total
Common Stocks |
115,433,196 | |||||||||||||
|
|
|||||||||||||
Preferred Stocks 0.6% |
||||||||||||||
Germany 0.6% | ||||||||||||||
d |
Bayerische Motoren Werke AG, 9.649%, pfd. |
Automobiles | 667 | 62,356 | ||||||||||
d |
FUCHS SE, 2.906%, pfd. |
Chemicals | 805 | 31,382 | ||||||||||
d |
Henkel AG & Co. KGaA, 2.742%, pfd. |
Household Products | 1,932 | 137,990 | ||||||||||
d |
Sartorius AG, 0.447%, pfd. |
Life Sciences Tools & Services | 299 | 101,871 | ||||||||||
d |
Sixt SE, 10.515%, pfd. |
Ground Transportation | 184 | 11,357 | ||||||||||
d |
Volkswagen AG, 25.537%, pfd. |
Automobiles | 2,369 | 273,241 | ||||||||||
|
|
|||||||||||||
618,197 | ||||||||||||||
|
|
|||||||||||||
Spain 0.0%† | ||||||||||||||
d |
Grifols SA, Class B, pfd., B |
Biotechnology | 2,990 | 27,399 | ||||||||||
|
|
|||||||||||||
Total
Preferred Stocks |
645,596 | |||||||||||||
|
|
|||||||||||||
Total
Investments |
116,078,792 | |||||||||||||
Other Assets, less Liabilities 1.1% |
1,327,873 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 117,406,665 | ||||||||||||
|
|
†Rounds to less than 0.1% of net assets.
aNon-income producing.
bSecurity was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. At September 30, 2023, the value of was $2,362,658, representing 2.0% of net assets.
cFair valued using significant unobservable inputs. See Note 8 regarding fair value measurements.
dVariable rate security. The rate shown represents the yield at period end.
franklintempleton.com |
Semiannual Report |
195 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Europe ETF (continued)
At September 30, 2023, the Fund had the following futures contracts outstanding. See Note 1(c).
Futures Contracts
Description | Type | |
Number of Contracts |
|
|
Notional Amount |
* |
|
Expiration Date |
|
|
Value/Unrealized Appreciation (Depreciation) |
| |||||||
Index Contracts | ||||||||||||||||||||
EURO STOXX 50 Index |
Long | 18 | $ | 801,177 | 12/15/23 | $ | (14,410 | ) | ||||||||||||
FTSE 100 IDX FUT DEC23 |
Long | 3 | 280,885 | 12/15/23 | 2,486 | |||||||||||||||
|
|
|||||||||||||||||||
Total Futures Contracts |
$ | (11,924 | ) | |||||||||||||||||
|
|
*As of period end.
See Note 7 regarding other derivative information.
See Abbreviations on page 324.
196 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE Eurozone ETFa
Six Months Ended (unaudited) |
Year Ended March 31, | |||||||||||||||||||||||
2023 | 2022 | 2021 | 2020 | 2019 | ||||||||||||||||||||
Per share operating performance (for a share outstanding throughout the period) |
||||||||||||||||||||||||
Net asset value, beginning of period |
$ | 23.60 | $ | 27.12 | $ | 25.72 | $ | 19.15 | $ | 22.81 | $ | 23.88 | ||||||||||||
Income from investment operationsb: | ||||||||||||||||||||||||
Net investment incomec |
0.41 | 0.86 | 0.76 | 0.59 | 0.73 | 0.79 | ||||||||||||||||||
Net realized and unrealized gains (losses) |
(1.75 | ) | 0.65 | 1.51 | 6.45 | (2.92 | ) | 0.62 | ||||||||||||||||
Total from investment operations |
(1.34 | ) | 1.51 | 2.27 | 7.04 | (2.19 | ) | 1.41 | ||||||||||||||||
Less distributions from: | ||||||||||||||||||||||||
Net investment income |
(0.35 | ) | (0.64 | ) | (0.87 | ) | (0.47 | ) | (1.47 | ) | (0.38 | ) | ||||||||||||
Net realized gains |
— | (4.39 | ) | — | — | — | (2.10 | ) | ||||||||||||||||
Total distributions |
(0.35 | ) | (5.03 | ) | (0.87 | ) | (0.47 | ) | (1.47 | ) | (2.48 | ) | ||||||||||||
Net asset value, end of period |
$ | 21.91 | $ | 23.60 | $ | 27.12 | $ | 25.72 | $ | 19.15 | $ | 22.81 | ||||||||||||
Total returnd |
(5.85)% | 7.53% | 8.75% | 36.92% | (10.67)% | 6.98% | ||||||||||||||||||
Ratios to average net assetse | ||||||||||||||||||||||||
Expenses before waiver and payments by affiliates |
0.09% | 0.15%f | 0.09% | 0.09% | 0.09% | 0.09% | ||||||||||||||||||
Expenses net of waiver and payments by affiliates |
0.09% | 0.15%f | 0.09% | 0.09% | 0.09% | 0.09% | ||||||||||||||||||
Net investment income |
3.49% | 3.44% | 2.77% | 2.58% | 3.10% | 3.28% | ||||||||||||||||||
Supplemental data | ||||||||||||||||||||||||
Net assets, end of period (000’s) |
$17,526 | $14,163 | $21,695 | $15,429 | $3,831 | $4,563 | ||||||||||||||||||
Portfolio turnover rateg |
|
72.75%h |
|
|
22.30%h |
|
|
11.67%h |
|
|
12.87%h |
|
14.81%h | 26.81% | ||||||||||
aEffective August 1, 2023,Formerly, Franklin FTSE Europe Hedged ETF was renamed Franklin FTSE Eurozone ETF.
bThe amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations for the period due to the timing of sales and repurchases of Creation Unit Fund shares in relation to income earned and/or fluctuating fair value of the investments of the Fund.
cBased on average daily shares outstanding.
dTotal return is not annualized for periods less than one year. Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period.
eRatios are annualized for periods less than one year, except for non-recurring expenses, if any.
fExpense ratios are including non-recurring European Union tax reclaim contingent fees that were incurred by the Fund during the period. Without these fees, the gross and net expense ratios would have been 0.09% and 0.09%, respectively, for the year ended March 31, 2023.
gPortfolio turnover rate includes portfolio transactions that are executed as a result of the Fund offering and redeeming Creation Units solely for cash (“Cash creations”).
|
| |||||||||||||||||||||||
hPortfolio turnover rate excluding cash creations was as follows: | 73.43% | 22.37% | 11.67% | 12.87% | 14.81% | — |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
197 |
FRANKLIN TEMPLETON ETF TRUST
Schedule of Investments, September 30, 2023 (unaudited)
Franklin FTSE Eurozone ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 98.4% |
| |||||||||||||
Austria 0.7% | ||||||||||||||
ANDRITZ AG |
Machinery | 248 | $ | 12,556 | ||||||||||
Erste Group Bank AG |
Banks | 1,104 | 38,362 | |||||||||||
a |
Eurotelesites AG |
Diversified Telecommunication Services | 123 | 539 | ||||||||||
OMV AG |
Oil, Gas & Consumable Fuels | 508 | 24,375 | |||||||||||
a |
Raiffeisen Bank International AG |
Banks | 464 | 6,785 | ||||||||||
Telekom Austria AG |
Diversified Telecommunication Services | 492 | 3,438 | |||||||||||
Verbund AG |
Electric Utilities | 236 | 19,252 | |||||||||||
voestalpine AG |
Metals & Mining | 388 | 10,615 | |||||||||||
|
|
|||||||||||||
115,922 | ||||||||||||||
|
|
|||||||||||||
Belgium 2.5% | ||||||||||||||
Ackermans & van Haaren NV |
Construction & Engineering | 80 | 12,121 | |||||||||||
Ageas SA |
Insurance | 592 | 24,463 | |||||||||||
Anheuser-Busch InBev SA |
Beverages | 3,120 | 173,456 | |||||||||||
D’ieteren Group |
Distributors | 80 | 13,543 | |||||||||||
Elia Group SA |
Electric Utilities | 136 | 13,341 | |||||||||||
Groupe Bruxelles Lambert NV |
Financial Services | 360 | 26,894 | |||||||||||
KBC Group NV |
Banks | 884 | 55,351 | |||||||||||
Lotus Bakeries NV |
Food Products | 1 | 8,142 | |||||||||||
Sofina SA |
Financial Services | 60 | 12,184 | |||||||||||
Solvay SA |
Chemicals | 252 | 27,974 | |||||||||||
UCB SA |
Pharmaceuticals | 436 | 35,794 | |||||||||||
Umicore SA |
Chemicals | 732 | 17,399 | |||||||||||
Warehouses De Pauw CVA |
Industrial REITs | 560 | 13,898 | |||||||||||
|
|
|||||||||||||
434,560 | ||||||||||||||
|
|
|||||||||||||
Finland 3.4% | ||||||||||||||
Elisa Oyj |
Diversified Telecommunication Services | 512 | 23,792 | |||||||||||
Fortum Oyj |
Electric Utilities | 1,564 | 18,207 | |||||||||||
Kesko Oyj, Class B |
Consumer Staples Distribution & Retail | 972 | 17,464 | |||||||||||
Kone Oyj, Class B |
Machinery | 1,172 | 49,535 | |||||||||||
Metso Oyj |
Machinery | 2,296 | 24,197 | |||||||||||
Neste Oyj |
Oil, Gas & Consumable Fuels | 1,492 | 50,754 | |||||||||||
Nokia Oyj |
Communications Equipment | 18,872 | 71,291 | |||||||||||
Nordea Bank Abp |
Banks | 12,264 | 135,195 | |||||||||||
Orion Oyj, Class B |
Pharmaceuticals | 376 | 14,817 | |||||||||||
Sampo Oyj, Class A |
Insurance | 1,708 | 74,106 | |||||||||||
Stora Enso Oyj, Class R |
Paper & Forest Products | 2,060 | 25,932 | |||||||||||
UPM-Kymmene Oyj |
Paper & Forest Products | 1,912 | 65,730 | |||||||||||
Valmet Oyj |
Machinery | 592 | 13,576 | |||||||||||
Wartsila Oyj Abp |
Machinery | 1,740 | 19,813 | |||||||||||
|
|
|||||||||||||
604,409 | ||||||||||||||
|
|
|||||||||||||
France 34.8% | ||||||||||||||
Accor SA |
Hotels, Restaurants & Leisure | 660 | 22,319 | |||||||||||
Aeroports de Paris SA |
Transportation Infrastructure | 116 | 13,743 | |||||||||||
Air Liquide SA |
Chemicals | 1,844 | 312,061 | |||||||||||
Airbus SE |
Aerospace & Defense | 2,100 | 282,324 | |||||||||||
b |
ALD SA |
Ground Transportation | 704 | 5,467 | ||||||||||
Alstom SA |
Machinery | 1,024 | 24,502 | |||||||||||
b |
Amundi SA |
Capital Markets | 204 | 11,523 | ||||||||||
Arkema SA |
Chemicals | 204 | 20,208 | |||||||||||
AXA SA |
Insurance | 6,380 | 190,351 | |||||||||||
BioMerieux |
Health Care Equipment & Supplies | 152 | 14,777 | |||||||||||
BNP Paribas SA |
Banks | 3,840 | 245,684 | |||||||||||
Bollore SE |
Entertainment | 3,128 | 16,857 | |||||||||||
Bouygues SA |
Construction & Engineering | 748 | 26,245 | |||||||||||
Bureau Veritas SA |
Professional Services | 1,024 | 25,489 |
198 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Eurozone ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
France (continued) | ||||||||||||||
Capgemini SE |
IT Services | 576 | $ | 101,111 | ||||||||||
Carrefour SA |
Consumer Staples Distribution & Retail | 2,120 | 36,553 | |||||||||||
Cie de L’Odet SE |
Air Freight & Logistics | 2 | 2,909 | |||||||||||
Cie de Saint-Gobain SA |
Building Products | 1,676 | 100,932 | |||||||||||
Cie Generale des Etablissements Michelin SCA |
Automobile Components | 2,516 | 77,437 | |||||||||||
Covivio SA |
Office REITs | 196 | 8,736 | |||||||||||
Credit Agricole SA |
Banks | 3,944 | 48,822 | |||||||||||
Danone SA |
Food Products | 2,240 | 123,940 | |||||||||||
Dassault Aviation SA |
Aerospace & Defense | 81 | 15,299 | |||||||||||
Dassault Systemes SE |
Software | 2,400 | 89,685 | |||||||||||
Edenred SE |
Financial Services | 896 | 56,235 | |||||||||||
Eiffage SA |
Construction & Engineering | 260 | 24,786 | |||||||||||
Engie SA |
Multi-Utilities | 5,956 | 91,625 | |||||||||||
EssilorLuxottica SA |
Health Care Equipment & Supplies | 1,092 | 190,951 | |||||||||||
Eurazeo SE |
Financial Services | 172 | 10,280 | |||||||||||
Gecina SA |
Office REITs | 184 | 18,848 | |||||||||||
Getlink SE |
Transportation Infrastructure | 1,264 | 20,221 | |||||||||||
Hermes International SCA |
Textiles, Apparel & Luxury Goods | 123 | 225,265 | |||||||||||
Ipsen SA |
Pharmaceuticals | 124 | 16,306 | |||||||||||
a |
JCDecaux SE |
Media | 264 | 4,478 | ||||||||||
Kering SA |
Textiles, Apparel & Luxury Goods | 258 | 117,977 | |||||||||||
Klepierre SA |
Retail REITs | 740 | 18,200 | |||||||||||
b |
La Francaise des Jeux SAEM |
Hotels, Restaurants & Leisure | 360 | 11,739 | ||||||||||
Legrand SA |
Electrical Equipment | 924 | 85,404 | |||||||||||
L’Oreal SA |
Personal Care Products | 828 | 344,697 | |||||||||||
LVMH Moet Hennessy Louis Vuitton SE |
Textiles, Apparel & Luxury Goods | 888 | 673,538 | |||||||||||
b |
Neoen SA |
Independent Power Producers & Energy Traders | 244 | 7,135 | ||||||||||
Orange SA |
Diversified Telecommunication Services | 6,876 | 79,060 | |||||||||||
Pernod Ricard SA |
Beverages | 736 | 123,003 | |||||||||||
Publicis Groupe SA |
Media | 820 | 62,300 | |||||||||||
Remy Cointreau SA |
Beverages | 80 | 9,796 | |||||||||||
Renault SA |
Automobiles | 688 | 28,317 | |||||||||||
Rexel SA |
Trading Companies & Distributors | 856 | 19,304 | |||||||||||
Safran SA |
Aerospace & Defense | 1,224 | 192,624 | |||||||||||
Sanofi |
Pharmaceuticals | 3,904 | 419,453 | |||||||||||
Sartorius Stedim Biotech |
Life Sciences Tools & Services | 88 | 21,056 | |||||||||||
Schneider Electric SE |
Electrical Equipment | 1,916 | 318,444 | |||||||||||
SCOR SE |
Insurance | 540 | 16,849 | |||||||||||
SEB SA |
Household Durables | 80 | 7,509 | |||||||||||
Societe Generale SA |
Banks | 2,528 | 61,680 | |||||||||||
Sodexo SA |
Hotels, Restaurants & Leisure | 312 | 32,214 | |||||||||||
a |
SOITEC |
Semiconductors & Semiconductor Equipment | 88 | 14,698 | ||||||||||
Teleperformance SE |
Professional Services | 208 | 26,294 | |||||||||||
Thales SA |
Aerospace & Defense | 356 | 50,167 | |||||||||||
TotalEnergies SE |
Oil, Gas & Consumable Fuels | 8,040 | 530,405 | |||||||||||
a |
Ubisoft Entertainment SA |
Entertainment | 368 | 11,985 | ||||||||||
a |
Unibail-Rodamco-Westfield |
Retail REITs | 368 | 18,215 | ||||||||||
Valeo SE |
Automobile Components | 748 | 12,932 | |||||||||||
Veolia Environnement SA |
Multi-Utilities | 2,280 | 66,215 | |||||||||||
Vinci SA |
Construction & Engineering | 1,756 | 195,250 | |||||||||||
Vivendi SE |
Media | 2,392 | 21,010 | |||||||||||
Wendel SE |
Financial Services | 96 | 7,628 | |||||||||||
a,b |
Worldline SA |
Financial Services | 876 | 24,717 | ||||||||||
|
|
|||||||||||||
6,105,784 | ||||||||||||||
|
|
|||||||||||||
Germany 24.2% | ||||||||||||||
adidas AG |
Textiles, Apparel & Luxury Goods | 592 | 104,434 | |||||||||||
Allianz SE |
Insurance | 1,424 | 340,279 |
franklintempleton.com |
Semiannual Report |
199 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Eurozone ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Germany (continued) | ||||||||||||||
BASF SE |
Chemicals | 3,192 | $ | 145,151 | ||||||||||
Bayer AG |
Pharmaceuticals | 3,528 | 169,768 | |||||||||||
Bayerische Motoren Werke AG |
Automobiles | 1,120 | 114,287 | |||||||||||
Bechtle AG |
IT Services | 296 | 13,864 | |||||||||||
Beiersdorf AG |
Personal Care Products | 356 | 46,040 | |||||||||||
Brenntag SE |
Trading Companies & Distributors | 556 | 43,255 | |||||||||||
Carl Zeiss Meditec AG |
Health Care Equipment & Supplies | 132 | 11,575 | |||||||||||
Commerzbank AG |
Banks | 3,736 | 42,680 | |||||||||||
Continental AG |
Automobile Components | 388 | 27,425 | |||||||||||
a,b |
Covestro AG |
Chemicals | 684 | 36,977 | ||||||||||
CTS Eventim AG & Co. KGaA |
Entertainment | 212 | 12,087 | |||||||||||
Daimler Truck Holding AG |
Machinery | 1,924 | 66,855 | |||||||||||
a,b |
Delivery Hero SE |
Hotels, Restaurants & Leisure | 676 | 19,446 | ||||||||||
Deutsche Bank AG |
Capital Markets | 7,236 | 80,059 | |||||||||||
Deutsche Boerse AG |
Capital Markets | 660 | 114,389 | |||||||||||
a |
Deutsche Lufthansa AG |
Passenger Airlines | 2,148 | 17,070 | ||||||||||
Deutsche Post AG |
Air Freight & Logistics | 3,384 | 138,064 | |||||||||||
Deutsche Telekom AG |
Diversified Telecommunication Services | 12,152 | 255,620 | |||||||||||
Deutsche Wohnen SE |
Real Estate Management & Development | 176 | 4,006 | |||||||||||
b |
DWS Group GmbH & Co. KGaA |
Capital Markets | 124 | 4,227 | ||||||||||
E.ON SE |
Multi-Utilities | 7,952 | 94,295 | |||||||||||
Evonik Industries AG |
Chemicals | 736 | 13,500 | |||||||||||
Fielmann Group AG |
Specialty Retail | 88 | 3,809 | |||||||||||
a |
Fraport AG Frankfurt Airport Services Worldwide |
Transportation Infrastructure | 124 | 6,596 | ||||||||||
Fresenius Medical Care AG & Co. KGaA |
Health Care Providers & Services | 732 | 31,651 | |||||||||||
Fresenius SE & Co. KGaA |
Health Care Providers & Services | 1,476 | 46,038 | |||||||||||
FUCHS SE |
Chemicals | 116 | 3,727 | |||||||||||
GEA Group AG |
Machinery | 580 | 21,468 | |||||||||||
Hannover Rueck SE |
Insurance | 216 | 47,545 | |||||||||||
Heidelberg Materials AG |
Construction Materials | 500 | 38,920 | |||||||||||
Hella GmbH & Co. KGaA |
Automobile Components | 80 | 5,675 | |||||||||||
a |
HelloFresh SE |
Consumer Staples Distribution & Retail | 580 | 17,366 | ||||||||||
Henkel AG & Co. KGaA |
Household Products | 360 | 22,762 | |||||||||||
HOCHTIEF AG |
Construction & Engineering | 76 | 7,705 | |||||||||||
Infineon Technologies AG |
Semiconductors & Semiconductor Equipment | 4,676 | 155,230 | |||||||||||
KION Group AG |
Machinery | 256 | 9,863 | |||||||||||
Knorr-Bremse AG |
Machinery | 236 | 15,037 | |||||||||||
a |
LEG Immobilien SE |
Real Estate Management & Development | 268 | 18,540 | ||||||||||
Mercedes-Benz Group AG |
Automobiles | 3,084 | 215,143 | |||||||||||
Merck KGaA |
Pharmaceuticals | 464 | 77,693 | |||||||||||
MTU Aero Engines AG |
Aerospace & Defense | 192 | 34,913 | |||||||||||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen |
Insurance | 496 | 193,829 | |||||||||||
Nemetschek SE |
Software | 196 | 12,011 | |||||||||||
Puma SE |
Textiles, Apparel & Luxury Goods | 356 | 22,163 | |||||||||||
Rational AG |
Machinery | 17 | 10,799 | |||||||||||
Rheinmetall AG |
Aerospace & Defense | 156 | 40,284 | |||||||||||
RWE AG |
Independent Power Producers & Energy Traders | 2,556 | 95,122 | |||||||||||
SAP SE |
Software | 3,936 | 511,820 | |||||||||||
Sartorius AG |
Life Sciences Tools & Services | 8 | 2,236 | |||||||||||
b |
Scout24 SE |
Interactive Media & Services | 264 | 18,353 | ||||||||||
Siemens AG |
Industrial Conglomerates | 2,672 | 383,779 | |||||||||||
a |
Siemens Energy AG |
Electrical Equipment | 1,552 | 20,343 | ||||||||||
b |
Siemens Healthineers AG |
Health Care Equipment & Supplies | 992 | 50,413 | ||||||||||
Sixt SE |
Ground Transportation | 48 | 4,462 | |||||||||||
Symrise AG |
Chemicals | 468 | 44,753 | |||||||||||
Talanx AG |
Insurance | 192 | 12,197 |
200 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Eurozone ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Germany (continued) | ||||||||||||||
Telefonica Deutschland Holding AG |
Diversified Telecommunication Services | 3,216 | $ | 5,771 | ||||||||||
thyssenkrupp AG |
Metals & Mining | 1,768 | 13,526 | |||||||||||
Traton SE |
Machinery | 168 | 3,545 | |||||||||||
Volkswagen AG |
Automobiles | 104 | 13,731 | |||||||||||
Vonovia SE |
Real Estate Management & Development | 2,504 | 60,472 | |||||||||||
Wacker Chemie AG |
Chemicals | 52 | 7,468 | |||||||||||
a,b |
Zalando SE |
Specialty Retail | 792 | 17,718 | ||||||||||
|
|
|||||||||||||
4,239,829 | ||||||||||||||
|
|
|||||||||||||
Ireland 0.9% | ||||||||||||||
AIB Group PLC |
Banks | 4,532 | 20,441 | |||||||||||
Bank of Ireland Group PLC |
Banks | 3,768 | 37,061 | |||||||||||
Glanbia PLC |
Food Products | 644 | 10,644 | |||||||||||
Kerry Group PLC, Class A |
Food Products | 552 | 46,275 | |||||||||||
Kingspan Group PLC |
Building Products | 544 | 40,870 | |||||||||||
|
|
|||||||||||||
155,291 | ||||||||||||||
|
|
|||||||||||||
Italy 7.4% | ||||||||||||||
A2A SpA |
Multi-Utilities | 5,404 | 9,646 | |||||||||||
Amplifon SpA |
Health Care Providers & Services | 464 | 13,814 | |||||||||||
Assicurazioni Generali SpA |
Insurance | 4,828 | 98,987 | |||||||||||
Banca Mediolanum SpA |
Financial Services | 868 | 7,446 | |||||||||||
Banco BPM SpA |
Banks | 4,916 | 23,604 | |||||||||||
Buzzi SpA |
Construction Materials | 308 | 8,452 | |||||||||||
Davide Campari-Milano NV |
Beverages | 1,784 | 21,089 | |||||||||||
DiaSorin SpA |
Health Care Equipment & Supplies | 76 | 6,954 | |||||||||||
Enel SpA |
Electric Utilities | 27,864 | 171,696 | |||||||||||
Eni SpA |
Oil, Gas & Consumable Fuels | 7,792 | 125,859 | |||||||||||
Ferrari NV |
Automobiles | 424 | 125,560 | |||||||||||
FinecoBank Banca Fineco SpA |
Banks | 2,192 | 26,724 | |||||||||||
Hera SpA |
Multi-Utilities | 2,820 | 7,733 | |||||||||||
b |
Infrastrutture Wireless Italiane SpA |
Diversified Telecommunication Services | 1,272 | 15,171 | ||||||||||
Interpump Group SpA |
Machinery | 284 | 13,077 | |||||||||||
Intesa Sanpaolo SpA |
Banks | 55,460 | 143,273 | |||||||||||
Italgas SpA |
Gas Utilities | 1,760 | 9,041 | |||||||||||
Leonardo SpA |
Aerospace & Defense | 1,436 | 20,768 | |||||||||||
Mediobanca Banca di Credito Finanziario SpA |
Banks | 2,320 | 30,777 | |||||||||||
Moncler SpA |
Textiles, Apparel & Luxury Goods | 732 | 42,687 | |||||||||||
a,b |
Nexi SpA |
Financial Services | 1,996 | 12,232 | ||||||||||
b |
Pirelli & C SpA |
Automobile Components | 1,756 | 8,480 | ||||||||||
b |
Poste Italiane SpA |
Insurance | 1,628 | 17,181 | ||||||||||
Prysmian SpA |
Electrical Equipment | 944 | 38,129 | |||||||||||
Recordati Industria Chimica e Farmaceutica SpA |
Pharmaceuticals | 348 | 16,473 | |||||||||||
Reply SpA |
IT Services | 80 | 7,543 | |||||||||||
Snam SpA |
Gas Utilities | 8,184 | 38,550 | |||||||||||
a |
Telecom Italia SpA |
Diversified Telecommunication Services | 38,520 | 12,076 | ||||||||||
a |
Telecom Italia SpA |
Diversified Telecommunication Services | 21,652 | 6,815 | ||||||||||
Tenaris SA |
Energy Equipment & Services | 1,676 | 26,590 | |||||||||||
Terna - Rete Elettrica Nazionale |
Electric Utilities | 5,048 | 38,096 | |||||||||||
UniCredit SpA |
Banks | 6,332 | 152,382 | |||||||||||
UnipolSai Assicurazioni SpA |
Insurance | 1,504 | 3,640 | |||||||||||
|
|
|||||||||||||
1,300,545 | ||||||||||||||
|
|
|||||||||||||
Luxembourg 0.4% | ||||||||||||||
ArcelorMittal SA |
Metals & Mining | 1,784 | 44,907 | |||||||||||
Eurofins Scientific SE |
Life Sciences Tools & Services | 440 | 24,923 | |||||||||||
RTL Group SA |
Media | 140 | 4,817 | |||||||||||
|
|
|||||||||||||
74,647 | ||||||||||||||
|
|
franklintempleton.com |
Semiannual Report |
201 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Eurozone ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Netherlands 13.5% | ||||||||||||||
Aalberts NV |
Machinery | 344 | $ | 12,631 | ||||||||||
b |
ABN AMRO Bank NV, GDR |
Banks | 1,372 | 19,523 | ||||||||||
a,b |
Adyen NV |
Financial Services | 106 | 79,199 | ||||||||||
Aegon NV |
Insurance | 6,084 | 29,515 | |||||||||||
Akzo Nobel NV |
Chemicals | 612 | 44,372 | |||||||||||
a |
Argenx SE |
Biotechnology | 208 | 101,433 | ||||||||||
ASM International NV |
Semiconductors & Semiconductor Equipment | 168 | 70,703 | |||||||||||
ASML Holding NV |
Semiconductors & Semiconductor Equipment | 1,416 | 838,197 | |||||||||||
ASR Nederland NV |
Insurance | 524 | 19,706 | |||||||||||
BE Semiconductor Industries NV |
Semiconductors & Semiconductor Equipment | 268 | 26,388 | |||||||||||
b |
CTP NV |
Real Estate Management & Development | 368 | 5,276 | ||||||||||
b |
Euronext NV |
Capital Markets | 292 | 20,404 | ||||||||||
EXOR NV |
Financial Services | 364 | 32,349 | |||||||||||
Ferrovial SE |
Construction & Engineering | 1,860 | 57,050 | |||||||||||
Heineken Holding NV |
Beverages | 476 | 35,983 | |||||||||||
Heineken NV |
Beverages | 1,004 | 88,717 | |||||||||||
IMCD NV |
Trading Companies & Distributors | 204 | 25,918 | |||||||||||
ING Groep NV |
Banks | 12,944 | 171,991 | |||||||||||
JDE Peet’s NV |
Food Products | 432 | 12,084 | |||||||||||
Koninklijke Ahold Delhaize NV |
Consumer Staples Distribution & Retail | 3,492 | 105,443 | |||||||||||
Koninklijke KPN NV |
Diversified Telecommunication Services | 11,408 | 37,672 | |||||||||||
Koninklijke Philips NV |
Health Care Equipment & Supplies | 3,304 | 66,345 | |||||||||||
Koninklijke Vopak NV |
Oil, Gas & Consumable Fuels | 232 | 7,963 | |||||||||||
NN Group NV |
Insurance | 1,012 | 32,615 | |||||||||||
a |
OCI NV |
Chemicals | 348 | 9,723 | ||||||||||
Prosus NV |
Broadline Retail | 5,536 | 163,646 | |||||||||||
a |
QIAGEN NV |
Life Sciences Tools & Services | 792 | 32,091 | ||||||||||
Randstad NV |
Professional Services | 396 | 21,961 | |||||||||||
b |
Signify NV |
Electrical Equipment | 448 | 12,100 | ||||||||||
Universal Music Group NV |
Entertainment | 2,692 | 70,484 | |||||||||||
Wolters Kluwer NV |
Professional Services | 880 | 106,820 | |||||||||||
|
|
|||||||||||||
2,358,302 | ||||||||||||||
|
|
|||||||||||||
Poland 0.0%† | ||||||||||||||
a |
InPost SA |
Air Freight & Logistics | 732 | 8,525 | ||||||||||
|
|
|||||||||||||
Portugal 0.5% | ||||||||||||||
EDP - Energias de Portugal SA |
Electric Utilities | 10,776 | 44,906 | |||||||||||
Galp Energia SGPS SA, Class B |
Oil, Gas & Consumable Fuels | 1,796 | 26,697 | |||||||||||
Jeronimo Martins SGPS SA |
Consumer Staples Distribution & Retail | 988 | 22,239 | |||||||||||
|
|
|||||||||||||
93,842 | ||||||||||||||
|
|
|||||||||||||
Russia 0.0%† | ||||||||||||||
a,c |
Evraz PLC |
Metals & Mining | 1,168 | — | ||||||||||
|
|
|||||||||||||
Spain 8.0% | ||||||||||||||
Acciona SA |
Electric Utilities | 80 | 10,223 | |||||||||||
ACS Actividades de Construccion y Servicios SA |
Construction & Engineering | 792 | 28,569 | |||||||||||
b |
Aena SME SA |
Transportation Infrastructure | 252 | 38,046 | ||||||||||
Amadeus IT Group SA |
Hotels, Restaurants & Leisure | 1,616 | 98,003 | |||||||||||
Banco Bilbao Vizcaya Argentaria SA |
Banks | 21,508 | 175,569 | |||||||||||
Banco de Sabadell SA |
Banks | 18,888 | 22,008 | |||||||||||
Banco Santander SA |
Banks | 57,448 | 220,088 | |||||||||||
Bankinter SA |
Banks | 2,456 | 15,716 | |||||||||||
CaixaBank SA |
Banks | 13,576 | 54,419 | |||||||||||
a,b |
Cellnex Telecom SA |
Diversified Telecommunication Services | 2,008 | 70,093 | ||||||||||
Corp. ACCIONA Energias Renovables SA |
Independent Power Producers & Energy Traders | 204 | 5,270 | |||||||||||
EDP Renovaveis SA |
Independent Power Producers & Energy Traders | 1,060 | 17,412 | |||||||||||
Enagas SA |
Gas Utilities | 892 | 14,808 |
202 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Eurozone ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Spain (continued) | ||||||||||||||
Endesa SA |
Electric Utilities | 1,136 | $ | 23,183 | ||||||||||
a |
Grifols SA |
Biotechnology | 1,176 | 15,308 | ||||||||||
Iberdrola SA |
Electric Utilities | 21,320 | 239,156 | |||||||||||
Industria de Diseno Textil SA |
Specialty Retail | 3,768 | 140,785 | |||||||||||
Mapfre SA |
Insurance | 3,556 | 7,266 | |||||||||||
Merlin Properties Socimi SA |
Diversified REITs | 1,200 | 10,145 | |||||||||||
Naturgy Energy Group SA |
Gas Utilities | 492 | 13,419 | |||||||||||
Redeia Corp. SA |
Electric Utilities | 1,548 | 24,412 | |||||||||||
Repsol SA |
Oil, Gas & Consumable Fuels | 4,604 | 75,896 | |||||||||||
Telefonica SA |
Diversified Telecommunication Services | 17,988 | 73,665 | |||||||||||
|
|
|||||||||||||
1,393,459 | ||||||||||||||
|
|
|||||||||||||
Switzerland 0.9% | ||||||||||||||
DSM-Firmenich AG |
Chemicals | 624 | 52,938 | |||||||||||
STMicroelectronics NV |
Semiconductors & Semiconductor Equipment | 2,336 | 101,366 | |||||||||||
|
|
|||||||||||||
154,304 | ||||||||||||||
|
|
|||||||||||||
United Kingdom 0.3% | ||||||||||||||
Allfunds Group PLC |
Capital Markets | 1,172 | 6,502 | |||||||||||
CNH Industrial NV |
Machinery | 3,488 | 42,616 | |||||||||||
a,c |
NMC Health PLC |
Health Care Providers & Services | 60 | — | ||||||||||
|
|
|||||||||||||
49,118 | ||||||||||||||
|
|
|||||||||||||
United States 0.9% | ||||||||||||||
Stellantis NV |
Automobiles | 7,816 | 150,691 | |||||||||||
|
|
|||||||||||||
Total
Common Stocks |
17,239,228 | |||||||||||||
|
|
|||||||||||||
Preferred Stocks 1.1% | ||||||||||||||
Germany 1.1% | ||||||||||||||
d |
Bayerische Motoren Werke AG, 9.649%, pfd. |
Automobiles | 204 | 19,071 | ||||||||||
d |
FUCHS SE, 2.906%, pfd. |
Chemicals | 244 | 9,512 | ||||||||||
d |
Henkel AG & Co. KGaA, 2.742%, pfd. |
Household Products | 592 | 42,283 | ||||||||||
d |
Sartorius AG, 0.447%, pfd. |
Life Sciences Tools & Services | 88 | 29,982 | ||||||||||
d |
Sixt SE, 10.515%, pfd. |
Ground Transportation | 60 | 3,704 | ||||||||||
d |
Volkswagen AG, 25.537%, pfd. |
Automobiles | 724 | 83,506 | ||||||||||
|
|
|||||||||||||
188,058 | ||||||||||||||
|
|
|||||||||||||
Spain 0.0%† | ||||||||||||||
a |
Grifols SA, Class B, pfd., B |
Biotechnology | 908 | 8,320 | ||||||||||
|
|
|||||||||||||
Total
Preferred Stocks |
196,378 | |||||||||||||
|
|
|||||||||||||
Total Investments before Short-Term Investments (Cost $19,843,754) |
17,435,606 | |||||||||||||
|
|
franklintempleton.com |
Semiannual Report |
203 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Eurozone ETF (continued)
Industry | Shares | Value | ||||||||||||
Short-Term Investments 0.0%† |
||||||||||||||
Money Market Funds 0.0%† |
||||||||||||||
United States 0.0%† |
||||||||||||||
d,e |
Institutional Fiduciary Trust - Money Market Portfolio, 5.15% |
Money Market Funds | 996 | $ | 996 | |||||||||
|
|
|||||||||||||
Total Short-Term Investments (Cost $996) |
996 | |||||||||||||
|
|
|||||||||||||
Total Investments (Cost $19,844,750) 99.5% |
17,436,602 | |||||||||||||
Other Assets, less Liabilities 0.5% |
89,166 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 17,525,768 | ||||||||||||
|
|
†Rounds to less than 0.1% of net assets.
aNon-income producing.
bSecurity was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. At September 30, 2023, the value of was $505,420, representing 2.9% of net assets.
cFair valued using significant unobservable inputs. See Note 8 regarding fair value measurements.
dVariable rate security. The rate shown represents the yield at period end.
eSee Note 3(c) regarding investments in affiliated management investment companies.
At September 30, 2023, the Fund had the following futures contracts outstanding. See Note 1(c).
Futures Contracts | ||||||||||||||||||||
Description | Type | |
Number of Contracts |
|
|
Notional Amount |
* |
|
Expiration Date |
|
|
Value/Unrealized Appreciation (Depreciation) |
| |||||||
Index Contracts | ||||||||||||||||||||
EURO STOXX 50 Index |
Long | 2 | $ | 89,020 | 12/15/23 | $ | (738 | ) |
*As of period end.
See Note 7 regarding other derivative information.
See Abbreviations on page 324.
204 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE France ETF
Six Months Ended (unaudited) |
Year Ended March 31, | |||||||||||||||||||||||
2023 | 2022 | 2021 | 2020 | 2019 | ||||||||||||||||||||
Per share operating performance (for a share outstanding throughout the period) |
||||||||||||||||||||||||
Net asset value, beginning of period |
$ | 30.67 | $ | 28.82 | $ | 28.44 | $ | 19.34 | $ | 23.86 | $ | 25.33 | ||||||||||||
Income from investment operationsa: | ||||||||||||||||||||||||
Net investment incomeb |
0.67 | 1.01 | 0.85 | 0.40 | 0.52 | 0.70 | ||||||||||||||||||
Net realized and unrealized gains (losses) |
(1.69 | ) | 1.63 | 0.41 | 9.10 | (4.47 | ) | (1.48 | ) | |||||||||||||||
Total from investment operations |
(1.02 | ) | 2.64 | 1.26 | 9.50 | (3.95 | ) | (0.78 | ) | |||||||||||||||
Less distributions from net investment income |
(0.47 | ) | (0.79 | ) | (0.88 | ) | (0.40 | ) | (0.57 | ) | (0.69 | ) | ||||||||||||
Net asset value, end of period |
$ | 29.18 | $ | 30.67 | $ | 28.82 | $ | 28.44 | $ | 19.34 | $ | 23.86 | ||||||||||||
Total returnc |
(3.42)% | 9.84% | 4.23% | 49.47% | (17.08)% | (3.07)% | ||||||||||||||||||
Ratios to average net assetsd | ||||||||||||||||||||||||
Total expenses |
0.25%e | 0.38%e | 0.09% | 0.09% | 0.09% | 0.09% | ||||||||||||||||||
Net investment income |
4.35% | 3.87% | 2.77% | 1.68% | 2.14% | 2.90% | ||||||||||||||||||
Supplemental data | ||||||||||||||||||||||||
Net assets, end of period (000’s) |
$5,837 | $6,134 | $10,088 | $7,111 | $8,702 | $2,386 | ||||||||||||||||||
Portfolio turnover ratef |
2.50%g | 4.87%g | 5.94%g | 4.56%g | 2.60%g | 5.80% |
aThe amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations for the period due to the timing of sales and repurchases of Creation Unit Fund shares in relation to income earned and/or fluctuating fair value of the investments of the Fund.
bBased on average daily shares outstanding.
cTotal return is not annualized for periods less than one year. Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period.
dRatios are annualized for periods less than one year, except for non-recurring expenses, if any.
eExpense ratios are including non-recurring European Union tax reclaim contingent fees that were incurred by the Fund during the period. Without these fees, the gross and net expense ratios would have been 0.09% and 0.09%, respectively, for the period ended September 30, 2023 and year ended March 31, 2023.
fPortfolio turnover rate includes portfolio transactions that are executed as a result of the Fund offering and redeeming Creation Units solely for cash (“Cash creations”).
gPortfolio turnover rate excluding cash creations was as follows: | 2.50% | 4.87% | 5.94% | 4.56% | 2.60% | — |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
205 |
FRANKLIN TEMPLETON ETF TRUST
Schedule of Investments, September 30, 2023 (unaudited)
Franklin FTSE France ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 98.7% |
||||||||||||||
France 96.4% | ||||||||||||||
Accor SA |
Hotels, Restaurants & Leisure | 604 | $ | 20,425 | ||||||||||
Aeroports de Paris SA |
Transportation Infrastructure | 108 | 12,795 | |||||||||||
Air Liquide SA |
Chemicals | 1,700 | 287,692 | |||||||||||
Airbus SE |
Aerospace & Defense | 1,936 | 260,276 | |||||||||||
a |
ALD SA |
Ground Transportation | 644 | 5,001 | ||||||||||
Alstom SA |
Machinery | 952 | 22,779 | |||||||||||
a |
Amundi SA |
Capital Markets | 192 | 10,845 | ||||||||||
Arkema SA |
Chemicals | 188 | 18,623 | |||||||||||
AXA SA |
Insurance | 5,868 | 175,075 | |||||||||||
BioMerieux |
Health Care Equipment & Supplies | 144 | 13,999 | |||||||||||
BNP Paribas SA |
Banks | 3,540 | 226,490 | |||||||||||
Bollore SE |
Entertainment | 2,876 | 15,499 | |||||||||||
Bouygues SA |
Construction & Engineering | 700 | 24,561 | |||||||||||
Bureau Veritas SA |
Professional Services | 940 | 23,398 | |||||||||||
Capgemini SE |
IT Services | 532 | 93,388 | |||||||||||
Carrefour SA |
Consumer Staples Distribution & Retail | 1,920 | 33,104 | |||||||||||
Cie de L’Odet SE |
Air Freight & Logistics | 1 | 1,455 | |||||||||||
Cie de Saint-Gobain SA |
Building Products | 1,544 | 92,982 | |||||||||||
Cie Generale des Etablissements Michelin SCA |
Automobile Components | 2,312 | 71,158 | |||||||||||
Covivio SA |
Office REITs | 172 | 7,667 | |||||||||||
Credit Agricole SA |
Banks | 3,620 | 44,812 | |||||||||||
Danone SA |
Food Products | 2,060 | 113,980 | |||||||||||
Dassault Aviation SA |
Aerospace & Defense | 74 | 13,977 | |||||||||||
Dassault Systemes SE |
Software | 2,212 | 82,659 | |||||||||||
Edenred SE |
Financial Services | 820 | 51,465 | |||||||||||
Eiffage SA |
Construction & Engineering | 240 | 22,879 | |||||||||||
Engie SA |
Multi-Utilities | 5,508 | 84,733 | |||||||||||
EssilorLuxottica SA |
Health Care Equipment & Supplies | 1,008 | 176,262 | |||||||||||
Eurazeo SE |
Financial Services | 156 | 9,324 | |||||||||||
Gecina SA |
Office REITs | 172 | 17,619 | |||||||||||
Getlink SE |
Transportation Infrastructure | 1,164 | 18,621 | |||||||||||
Hermes International SCA |
Textiles, Apparel & Luxury Goods | 113 | 206,951 | |||||||||||
Ipsen SA |
Pharmaceuticals | 112 | 14,728 | |||||||||||
b |
JCDecaux SE |
Media | 236 | 4,003 | ||||||||||
Kering SA |
Textiles, Apparel & Luxury Goods | 237 | 108,374 | |||||||||||
Klepierre SA |
Retail REITs | 684 | 16,823 | |||||||||||
a |
La Francaise des Jeux SAEM |
Hotels, Restaurants & Leisure | 332 | 10,826 | ||||||||||
Legrand SA |
Electrical Equipment | 848 | 78,380 | |||||||||||
L’Oreal SA |
Personal Care Products | 765 | 318,470 | |||||||||||
LVMH Moet Hennessy Louis Vuitton SE |
Textiles, Apparel & Luxury Goods | 818 | 620,444 | |||||||||||
a |
Neoen SA |
Independent Power Producers & Energy Traders | 224 | 6,550 | ||||||||||
Orange SA |
Diversified Telecommunication Services | 6,324 | 72,714 | |||||||||||
Pernod Ricard SA |
Beverages | 680 | 113,644 | |||||||||||
Publicis Groupe SA |
Media | 756 | 57,438 | |||||||||||
Remy Cointreau SA |
Beverages | 72 | 8,816 | |||||||||||
Renault SA |
Automobiles | 628 | 25,848 | |||||||||||
Rexel SA |
Trading Companies & Distributors | 792 | 17,861 | |||||||||||
Safran SA |
Aerospace & Defense | 1,128 | 177,516 | |||||||||||
Sanofi |
Pharmaceuticals | 3,596 | 386,361 | |||||||||||
Sartorius Stedim Biotech |
Life Sciences Tools & Services | 79 | 18,903 | |||||||||||
Schneider Electric SE |
Electrical Equipment | 1,764 | 293,181 | |||||||||||
SCOR SE |
Insurance | 500 | 15,601 | |||||||||||
SEB SA |
Household Durables | 76 | 7,133 | |||||||||||
Societe Generale SA |
Banks | 2,336 | 56,996 | |||||||||||
Sodexo SA |
Hotels, Restaurants & Leisure | 288 | 29,736 | |||||||||||
b |
SOITEC |
Semiconductors & Semiconductor Equipment | 84 | 14,029 | ||||||||||
Teleperformance SE |
Professional Services | 191 | 24,145 |
206 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE France ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
France (continued) | ||||||||||||||
Thales SA |
Aerospace & Defense | 328 | $ | 46,222 | ||||||||||
TotalEnergies SE |
Oil, Gas & Consumable Fuels | 7,408 | 488,711 | |||||||||||
b |
Ubisoft Entertainment SA |
Entertainment | 336 | 10,943 | ||||||||||
b |
Unibail-Rodamco-Westfield |
Retail REITs | 340 | 16,829 | ||||||||||
Valeo SE |
Automobile Components | 688 | 11,895 | |||||||||||
Veolia Environnement SA |
Multi-Utilities | 2,100 | 60,987 | |||||||||||
Vinci SA |
Construction & Engineering | 1,620 | 180,128 | |||||||||||
Vivendi SE |
Media | 2,192 | 19,253 | |||||||||||
Wendel SE |
Financial Services | 88 | 6,992 | |||||||||||
a,b |
Worldline SA |
Financial Services | 808 | 22,798 | ||||||||||
|
|
|||||||||||||
5,623,772 | ||||||||||||||
|
|
|||||||||||||
Luxembourg 0.4% | ||||||||||||||
Eurofins Scientific SE |
Life Sciences Tools & Services | 404 | 22,884 | |||||||||||
|
|
|||||||||||||
Netherlands 0.3% | ||||||||||||||
a |
Euronext NV |
Capital Markets | 272 | 19,006 | ||||||||||
|
|
|||||||||||||
Switzerland 1.6% | ||||||||||||||
STMicroelectronics NV |
Semiconductors & Semiconductor Equipment | 2,148 | 93,208 | |||||||||||
|
|
|||||||||||||
Total
Common Stocks |
5,758,870 | |||||||||||||
|
|
|||||||||||||
Total
Investments |
5,758,870 | |||||||||||||
Other Assets, less Liabilities 1.3% |
77,851 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 5,836,721 | ||||||||||||
|
|
aSecurity was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. At September 30, 2023, the value of was $75,026, representing 1.3% of net assets.
bNon-income producing.
At September 30, 2023, the Fund had the following futures contracts outstanding. See Note 1(c).
Futures Contracts | ||||||||||||||||||||
Description | Type | |
Number of Contracts |
|
|
Notional Amount |
* |
|
Expiration Date |
|
|
Value/Unrealized Appreciation (Depreciation) |
| |||||||
Index Contracts | ||||||||||||||||||||
CAC 40 10 Euro |
Long | 1 | $ | 75,717 | 10/20/23 | $ | (938 | ) |
*As of period end.
See Note 7 regarding other derivative information.
See Abbreviations on page 324.
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
207 |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE Germany ETF
Six Months Ended September 30, 2023 |
Year Ended March 31, | |||||||||||||||||||||||
2023 | 2022 | 2021 | 2020 | 2019 | ||||||||||||||||||||
Per share operating performance (for a share outstanding throughout the period) |
||||||||||||||||||||||||
Net asset value, beginning of period |
$ | 22.10 | $ | 22.37 | $ | 25.98 | $ | 16.73 | $ | 20.70 | $ | 24.60 | ||||||||||||
Income from investment operationsa: | ||||||||||||||||||||||||
Net investment incomeb |
0.59 | 0.60 | 0.70 | 0.61 | 0.52 | 0.53 | ||||||||||||||||||
Net realized and unrealized gains (losses) |
(1.51 | ) | (0.20 | ) | (3.63 | ) | 9.29 | (3.92 | ) | (3.83 | ) | |||||||||||||
Total from investment operations |
(0.92 | ) | 0.40 | (2.93 | ) | 9.90 | (3.40 | ) | (3.30 | ) | ||||||||||||||
Less distributions from net investment income |
(0.69 | ) | (0.67 | ) | (0.68 | ) | (0.65 | ) | (0.57 | ) | (0.60 | ) | ||||||||||||
Net asset value, end of period |
$ | 20.49 | $ | 22.10 | $ | 22.37 | $ | 25.98 | $ | 16.73 | $ | 20.70 | ||||||||||||
Total returnc |
(4.42)% | 2.41% | (11.68)% | 59.79% | (17.00)% | (13.72)% | ||||||||||||||||||
Ratios to average net assetsd | ||||||||||||||||||||||||
Total expenses |
0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | ||||||||||||||||||
Net investment income |
5.33% | 3.11% | 2.73% | 2.66% | 2.46% | 2.44% | ||||||||||||||||||
Supplemental data | ||||||||||||||||||||||||
Net assets, end of period (000’s) |
$15,368 | $17,683 | $16,775 | $9,093 | $4,182 | $4,140 | ||||||||||||||||||
Portfolio turnover ratee |
2.90%f | 4.21%f | 6.70%f | 5.79%f | 5.74%f | 10.75% |
aThe amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations for the period due to the timing of sales and repurchases of Creation Unit Fund shares in relation to income earned and/or fluctuating fair value of the investments of the Fund.
bBased on average daily shares outstanding.
cTotal return is not annualized for periods less than one year. Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period.
dRatios are annualized for periods less than one year.
ePortfolio turnover rate includes portfolio transactions that are executed as a result of the Fund offering and redeeming Creation Units solely for cash (“Cash creations”).
fPortfolio turnover rate excluding cash creations was as follows: | 2.90% | 4.21% | 6.70% | 5.79% | 5.74% | — |
208 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Schedule of Investments, September 30, 2023 (unaudited)
Franklin FTSE Germany ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 95.8% |
||||||||||||||
Germany 95.0% | ||||||||||||||
adidas AG |
Textiles, Apparel & Luxury Goods | 2,040 | $ | 359,874 | ||||||||||
Allianz SE |
Insurance | 4,905 | 1,172,098 | |||||||||||
BASF SE |
Chemicals | 11,010 | 500,661 | |||||||||||
Bayer AG |
Pharmaceuticals | 12,120 | 583,217 | |||||||||||
Bayerische Motoren Werke AG |
Automobiles | 3,855 | 393,373 | |||||||||||
Bechtle AG |
IT Services | 1,020 | 47,776 | |||||||||||
Beiersdorf AG |
Personal Care Products | 1,230 | 159,071 | |||||||||||
Brenntag SE |
Trading Companies & Distributors | 1,905 | 148,203 | |||||||||||
Carl Zeiss Meditec AG |
Health Care Equipment & Supplies | 450 | 39,459 | |||||||||||
Commerzbank AG |
Banks | 12,885 | 147,197 | |||||||||||
Continental AG |
Automobile Components | 1,335 | 94,361 | |||||||||||
a,b |
Covestro AG |
Chemicals | 2,340 | 126,500 | ||||||||||
CTS Eventim AG & Co. KGaA |
Entertainment | 720 | 41,050 | |||||||||||
Daimler Truck Holding AG |
Machinery | 6,615 | 229,859 | |||||||||||
a,b |
Delivery Hero SE |
Hotels, Restaurants & Leisure | 2,340 | 67,313 | ||||||||||
Deutsche Bank AG |
Capital Markets | 24,915 | 275,658 | |||||||||||
Deutsche Boerse AG |
Capital Markets | 2,265 | 392,564 | |||||||||||
b |
Deutsche Lufthansa AG |
Passenger Airlines | 7,380 | 58,649 | ||||||||||
Deutsche Post AG |
Air Freight & Logistics | 11,610 | 473,676 | |||||||||||
Deutsche Telekom AG |
Diversified Telecommunication Services | 41,790 | 879,063 | |||||||||||
Deutsche Wohnen SE |
Real Estate Management & Development | 630 | 14,341 | |||||||||||
a |
DWS Group GmbH & Co. KGaA |
Capital Markets | 420 | 14,319 | ||||||||||
E.ON SE |
Multi-Utilities | 27,375 | 324,613 | |||||||||||
Evonik Industries AG |
Chemicals | 2,550 | 46,774 | |||||||||||
Fielmann Group AG |
Specialty Retail | 285 | 12,335 | |||||||||||
b |
Fraport AG Frankfurt Airport Services Worldwide |
Transportation Infrastructure | 435 | 23,138 | ||||||||||
Fresenius Medical Care AG & Co. KGaA |
Health Care Providers & Services | 2,535 | 109,612 | |||||||||||
Fresenius SE & Co. KGaA |
Health Care Providers & Services | 5,085 | 158,605 | |||||||||||
FUCHS SE |
Chemicals | 420 | 13,496 | |||||||||||
GEA Group AG |
Machinery | 1,995 | 73,843 | |||||||||||
Hannover Rueck SE |
Insurance | 735 | 161,784 | |||||||||||
Heidelberg Materials AG |
Construction Materials | 1,725 | 134,273 | |||||||||||
Hella GmbH & Co. KGaA |
Automobile Components | 285 | 20,217 | |||||||||||
b |
HelloFresh SE |
Consumer Staples Distribution & Retail | 1,995 | 59,733 | ||||||||||
Henkel AG & Co. KGaA |
Household Products | 1,230 | 77,771 | |||||||||||
HOCHTIEF AG |
Construction & Engineering | 255 | 25,851 | |||||||||||
Infineon Technologies AG |
Semiconductors & Semiconductor Equipment | 16,125 | 535,303 | |||||||||||
KION Group AG |
Machinery | 900 | 34,675 | |||||||||||
Knorr-Bremse AG |
Machinery | 810 | 51,610 | |||||||||||
b |
LEG Immobilien SE |
Real Estate Management & Development | 915 | 63,299 | ||||||||||
Mercedes-Benz Group AG |
Automobiles | 10,605 | 739,816 | |||||||||||
Merck KGaA |
Pharmaceuticals | 1,590 | 266,232 | |||||||||||
MTU Aero Engines AG |
Aerospace & Defense | 660 | 120,015 | |||||||||||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen |
Insurance | 1,701 | 664,725 | |||||||||||
Nemetschek SE |
Software | 675 | 41,364 | |||||||||||
Puma SE |
Textiles, Apparel & Luxury Goods | 1,215 | 75,639 | |||||||||||
Rational AG |
Machinery | 60 | 38,115 | |||||||||||
Rheinmetall AG |
Aerospace & Defense | 540 | 139,444 | |||||||||||
RWE AG |
Independent Power Producers & Energy Traders | 8,790 | 327,120 | |||||||||||
SAP SE |
Software | 13,530 | 1,759,383 | |||||||||||
Sartorius AG |
Life Sciences Tools & Services | 30 | 8,385 | |||||||||||
a |
Scout24 SE |
Interactive Media & Services | 915 | 63,608 | ||||||||||
Siemens AG |
Industrial Conglomerates | 9,210 | 1,322,833 | |||||||||||
b |
Siemens Energy AG |
Electrical Equipment | 5,295 | 69,403 | ||||||||||
a |
Siemens Healthineers AG |
Health Care Equipment & Supplies | 3,420 | 173,804 | ||||||||||
Sixt SE |
Ground Transportation | 165 | 15,338 |
franklintempleton.com |
Semiannual Report |
209 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Germany ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Germany (continued) | ||||||||||||||
Symrise AG |
Chemicals | 1,605 | $ | 153,480 | ||||||||||
Talanx AG |
Insurance | 675 | 42,879 | |||||||||||
Telefonica Deutschland Holding AG |
Diversified Telecommunication Services | 10,935 | 19,624 | |||||||||||
thyssenkrupp AG |
Metals & Mining | 6,030 | 46,133 | |||||||||||
Traton SE |
Machinery | 615 | 12,977 | |||||||||||
Volkswagen AG |
Automobiles | 360 | 47,529 | |||||||||||
Vonovia SE |
Real Estate Management & Development | 8,610 | 207,932 | |||||||||||
Wacker Chemie AG |
Chemicals | 180 | 25,851 | |||||||||||
a,b |
Zalando SE |
Specialty Retail | 2,715 | 60,738 | ||||||||||
|
|
|||||||||||||
14,587,581 | ||||||||||||||
|
|
|||||||||||||
Luxembourg 0.1% | ||||||||||||||
RTL Group SA |
Media | 465 | 16,000 | |||||||||||
|
|
|||||||||||||
Netherlands 0.7% | ||||||||||||||
b |
QIAGEN NV |
Life Sciences Tools & Services | 2,715 | 110,008 | ||||||||||
|
|
|||||||||||||
Total
Common Stocks |
14,713,589 | |||||||||||||
|
|
|||||||||||||
Preferred Stocks 4.2% |
||||||||||||||
Germany 4.2% | ||||||||||||||
c |
Bayerische Motoren Werke AG, 9.649%, pfd. |
Automobiles | 705 | 65,909 | ||||||||||
c |
FUCHS SE, 2.906%, pfd. |
Chemicals | 855 | 33,331 | ||||||||||
c |
Henkel AG & Co. KGaA, 2.742%, pfd. |
Household Products | 2,040 | 145,703 | ||||||||||
c |
Sartorius AG, 0.447%, pfd. |
Life Sciences Tools & Services | 304 | 103,575 | ||||||||||
c |
Sixt SE, 10.515%, pfd. |
Ground Transportation | 210 | 12,962 | ||||||||||
c |
Volkswagen AG, 25.537%, pfd. |
Automobiles | 2,490 | 287,197 | ||||||||||
|
|
|||||||||||||
Total
Preferred Stocks |
648,677 | |||||||||||||
|
|
|||||||||||||
Total
Investments |
15,362,266 | |||||||||||||
Other Assets, less Liabilities 0.0%† |
5,618 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 15,367,884 | ||||||||||||
|
|
†Rounds to less than 0.1% of net assets.
aSecurity was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. At September 30, 2023, the value of was $506,282, representing 3.3% of net assets.
bNon-income producing.
cVariable rate security. The rate shown represents the yield at period end.
210 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE Hong Kong ETF
Six Months Ended September 30, 2023 (unaudited) |
Year Ended March 31, | |||||||||||||||||||||||
2023 | 2022 | 2021 | 2020 | 2019 | ||||||||||||||||||||
Per share operating performance (for a share outstanding throughout the period) |
||||||||||||||||||||||||
Net asset value, beginning of period |
$21.34 | $23.43 | $28.10 | $20.58 | $26.82 | $26.17 | ||||||||||||||||||
Income from investment operationsa: | ||||||||||||||||||||||||
Net investment incomeb |
0.63 | 0.77 | 0.74 | 0.72 | 0.77 | 0.66 | ||||||||||||||||||
Net realized and unrealized gains (losses) |
(3.46 | ) | (2.03 | ) | (4.72 | ) | 7.61 | (6.25 | ) | 0.59 | ||||||||||||||
Total from investment operations |
(2.83 | ) | (1.26 | ) | (3.98 | ) | 8.33 | (5.48 | ) | 1.25 | ||||||||||||||
Less distributions from net investment income |
(0.36 | ) | (0.83 | ) | (0.69 | ) | (0.81 | ) | (0.76 | ) | (0.60 | ) | ||||||||||||
Net asset value, end of period |
$18.15 | $21.34 | $23.43 | $28.10 | $20.58 | $26.82 | ||||||||||||||||||
Total returnc |
(13.47)% | (5.39)% | (14.41)% | 41.14% | (20.90)% | 4.97% | ||||||||||||||||||
Ratios to average net assetsd | ||||||||||||||||||||||||
Total expenses |
0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | ||||||||||||||||||
Net investment income |
6.30% | 3.60% | 2.79% | 2.99% | 3.10% | 2.67% | ||||||||||||||||||
Supplemental data | ||||||||||||||||||||||||
Net assets, end of period (000’s) |
$10,890 | $17,069 | $17,573 | $16,862 | $15,433 | $20,118 | ||||||||||||||||||
Portfolio turnover ratee |
2.66%f | 9.00%f | 9.91%f | 14.84%f | 5.99%f | 5.33% | ||||||||||||||||||
aThe amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations for the period due to the timing of sales and repurchases of Creation Unit Fund shares in relation to income earned and/or fluctuating fair value of the investments of the Fund.
bBased on average daily shares outstanding.
cTotal return is not annualized for periods less than one year. Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period.
dRatios are annualized for periods less than one year.
ePortfolio turnover rate includes portfolio transactions that are executed as a result of the Fund offering and redeeming Creation Units solely for cash (“Cash creations”).
|
| |||||||||||||||||||||||
fPortfolio turnover rate excluding cash creations was as follows: | 2.66% | 8.84% | 9.74% | 14.84% | 5.99% | — |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
211 |
FRANKLIN TEMPLETON ETF TRUST
Schedule of Investments, September 30, 2023 (unaudited)
Franklin FTSE Hong Kong ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 99.4% |
||||||||||||||
Cambodia 0.2% | ||||||||||||||
a |
NagaCorp Ltd. |
Hotels, Restaurants & Leisure | 36,922 | $ | 17,820 | |||||||||
|
|
|||||||||||||
China 9.4% | ||||||||||||||
AAC Technologies Holdings, Inc., Class H |
Electronic Equipment, Instruments & Components | 19,500 | 33,364 | |||||||||||
BOC Hong Kong Holdings Ltd. |
Banks | 104,000 | 284,837 | |||||||||||
b |
Budweiser Brewing Co. APAC Ltd., Class H |
Beverages | 49,800 | 98,304 | ||||||||||
China Travel International Investment Hong Kong Ltd., Class A |
Hotels, Restaurants & Leisure | 72,000 | 13,790 | |||||||||||
Chow Tai Fook Jewellery Group Ltd., Class A |
Specialty Retail | 51,600 | 77,744 | |||||||||||
b |
ESR Group Ltd., Class H |
Real Estate Management & Development | 81,600 | 114,609 | ||||||||||
a |
HUTCHMED China Ltd. |
Pharmaceuticals | 14,000 | 47,639 | ||||||||||
Kerry Logistics Network Ltd. |
Air Freight & Logistics | 8,500 | 7,597 | |||||||||||
Lenovo Group Ltd. |
Technology Hardware, Storage & Peripherals | 219,000 | 225,659 | |||||||||||
a |
MMG Ltd. |
Metals & Mining | 72,000 | 22,064 | ||||||||||
Nexteer Automotive Group Ltd. |
Automobile Components | 24,000 | 13,085 | |||||||||||
a |
Shangri-La Asia Ltd. |
Hotels, Restaurants & Leisure | 32,000 | 21,900 | ||||||||||
SITC International Holdings Co. Ltd. |
Marine Transportation | 37,000 | 62,172 | |||||||||||
|
|
|||||||||||||
1,022,764 | ||||||||||||||
|
|
|||||||||||||
Hong Kong 75.9% | ||||||||||||||
AIA Group Ltd. |
Insurance | 257,800 | 2,101,742 | |||||||||||
ASMPT Ltd., Class A |
Semiconductors & Semiconductor Equipment | 9,000 | 80,556 | |||||||||||
Bank of East Asia Ltd., Class A |
Banks | 27,600 | 34,254 | |||||||||||
Cafe de Coral Holdings Ltd., Class A |
Hotels, Restaurants & Leisure | 8,000 | 8,652 | |||||||||||
a |
Cathay Pacific Airways Ltd., Class A |
Passenger Airlines | 30,000 | 30,797 | ||||||||||
Champion REIT, Class A |
Office REITs | 54,000 | 17,789 | |||||||||||
CK Asset Holdings Ltd. |
Real Estate Management & Development | 56,500 | 297,583 | |||||||||||
CK Infrastructure Holdings Ltd., Class A |
Electric Utilities | 17,000 | 80,422 | |||||||||||
CLP Holdings Ltd. |
Electric Utilities | 47,800 | 353,685 | |||||||||||
Dah Sing Banking Group Ltd., Class A |
Banks | 12,000 | 7,937 | |||||||||||
Dah Sing Financial Holdings Ltd., Class H |
Banks | 4,800 | 10,149 | |||||||||||
DFI Retail Group Holdings Ltd., Class A |
Consumer Staples Distribution & Retail | 9,000 | 23,940 | |||||||||||
Guotai Junan International Holdings Ltd. |
Capital Markets | 72,000 | 5,608 | |||||||||||
a |
Haitong International Securities Group Ltd. |
Capital Markets | 108,000 | 9,791 | ||||||||||
Hang Lung Group Ltd. |
Real Estate Management & Development | 25,000 | 35,241 | |||||||||||
Hang Lung Properties Ltd. |
Real Estate Management & Development | 52,000 | 71,176 | |||||||||||
Hang Seng Bank Ltd. |
Banks | 21,000 | 261,298 | |||||||||||
Henderson Land Development Co. Ltd. |
Real Estate Management & Development | 38,000 | 100,193 | |||||||||||
Hong Kong & China Gas Co. Ltd. |
Gas Utilities | 316,000 | 220,300 | |||||||||||
Hong Kong Exchanges & Clearing Ltd. |
Capital Markets | 36,900 | 1,378,594 | |||||||||||
Hongkong Land Holdings Ltd. |
Real Estate Management & Development | 31,800 | 113,526 | |||||||||||
Huabao International Holdings Ltd. |
Chemicals | 29,000 | 9,924 | |||||||||||
Hutchison Telecommunications Hong Kong Holdings Ltd. |
Wireless Telecommunication Services | 36,000 | 4,918 | |||||||||||
Hysan Development Co. Ltd. |
Real Estate Management & Development | 18,000 | 34,888 | |||||||||||
Jardine Matheson Holdings Ltd. |
Industrial Conglomerates | 5,710 | 265,058 | |||||||||||
Johnson Electric Holdings Ltd. |
Automobile Components | 11,000 | 13,540 | |||||||||||
Kerry Properties Ltd. |
Real Estate Management & Development | 18,000 | 30,614 | |||||||||||
Link REIT |
Retail REITs | 74,400 | 364,787 | |||||||||||
Man Wah Holdings Ltd. |
Household Durables | 45,600 | 32,023 | |||||||||||
a |
Melco International Development Ltd. |
Hotels, Restaurants & Leisure | 24,000 | 19,245 | ||||||||||
MTR Corp. Ltd. |
Ground Transportation | 42,000 | 166,244 | |||||||||||
New World Development Co. Ltd. |
Real Estate Management & Development | 40,000 | 77,836 | |||||||||||
NWS Holdings Ltd. |
Industrial Conglomerates | 42,000 | 47,835 | |||||||||||
Orient Overseas International Ltd. |
Marine Transportation | 3,850 | 51,370 | |||||||||||
PCCW Ltd. |
Diversified Telecommunication Services | 120,000 | 54,700 | |||||||||||
Power Assets Holdings Ltd. |
Electric Utilities | 39,500 | 191,149 | |||||||||||
Sino Land Co. Ltd. |
Real Estate Management & Development | 98,300 | 110,828 |
212 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Hong Kong ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Hong Kong (continued) | ||||||||||||||
Sun Hung Kai Properties Ltd. |
Real Estate Management & Development | 41,400 | $ | 442,976 | ||||||||||
a |
Super Hi International Holding Ltd. |
Hotels, Restaurants & Leisure | 4,000 | 7,896 | ||||||||||
Swire Pacific Ltd., Class A |
Real Estate Management & Development | 12,000 | 80,977 | |||||||||||
Swire Pacific Ltd., Class B |
Real Estate Management & Development | 25,000 | 27,324 | |||||||||||
Swire Properties Ltd. |
Real Estate Management & Development | 31,200 | 65,094 | |||||||||||
Techtronic Industries Co. Ltd. |
Machinery | 38,000 | 368,751 | |||||||||||
United Energy Group Ltd. |
Oil, Gas & Consumable Fuels | 216,000 | 31,717 | |||||||||||
Vitasoy International Holdings Ltd. |
Food Products | 24,000 | 29,051 | |||||||||||
VTech Holdings Ltd. |
Communications Equipment | 4,800 | 28,744 | |||||||||||
b |
WH Group Ltd. |
Food Products | 228,000 | 119,650 | ||||||||||
Wharf Holdings Ltd. |
Real Estate Management & Development | 27,143 | 68,067 | |||||||||||
Wharf Real Estate Investment Co. Ltd. |
Real Estate Management & Development | 44,679 | 172,570 | |||||||||||
Xinyi Glass Holdings Ltd. |
Building Products | 60,114 | 77,830 | |||||||||||
Yue Yuen Industrial Holdings Ltd. |
Textiles, Apparel & Luxury Goods | 21,000 | 24,132 | |||||||||||
|
|
|||||||||||||
8,262,971 | ||||||||||||||
|
|
|||||||||||||
Indonesia 0.2% | ||||||||||||||
First Pacific Co. Ltd. |
Food Products | 66,000 | 26,124 | |||||||||||
|
|
|||||||||||||
Italy 0.8% | ||||||||||||||
PRADA SpA |
Textiles, Apparel & Luxury Goods | 15,000 | 88,293 | |||||||||||
|
|
|||||||||||||
Luxembourg 0.3% | ||||||||||||||
L’Occitane International SA |
Personal Care Products | 12,000 | 35,854 | |||||||||||
|
|
|||||||||||||
Macau 6.3% | ||||||||||||||
Galaxy Entertainment Group Ltd. |
Hotels, Restaurants & Leisure | 62,740 | 377,713 | |||||||||||
a |
MGM China Holdings Ltd. |
Hotels, Restaurants & Leisure | 21,600 | 28,242 | ||||||||||
a |
Sands China Ltd. |
Hotels, Restaurants & Leisure | 69,600 | 213,283 | ||||||||||
a |
SJM Holdings Ltd. |
Hotels, Restaurants & Leisure | 66,000 | 25,956 | ||||||||||
a |
Wynn Macau Ltd. |
Hotels, Restaurants & Leisure | 43,200 | 41,369 | ||||||||||
|
|
|||||||||||||
686,563 | ||||||||||||||
|
|
|||||||||||||
Singapore 0.4% | ||||||||||||||
b |
BOC Aviation Ltd., Class A |
Trading Companies & Distributors | 6,000 | 41,868 | ||||||||||
|
|
|||||||||||||
Taiwan 0.0%† | ||||||||||||||
a,b |
FIT Hon Teng Ltd. |
Electronic Equipment, Instruments & Components | 36,000 | 4,689 | ||||||||||
|
|
|||||||||||||
United Kingdom 3.8% | ||||||||||||||
CK Hutchison Holdings Ltd., Class A |
Industrial Conglomerates | 77,000 | 411,946 | |||||||||||
|
|
|||||||||||||
United States 2.1% | ||||||||||||||
b |
JS Global Lifestyle Co. Ltd. |
Household Durables | 36,000 | 5,976 | ||||||||||
a,b |
Samsonite International SA |
Textiles, Apparel & Luxury Goods | 37,800 | 129,831 | ||||||||||
a |
SharkNinja, Inc. |
Household Durables | 1,920 | 89,011 | ||||||||||
|
|
|||||||||||||
224,818 | ||||||||||||||
|
|
|||||||||||||
Total Common Stocks (Cost $15,234,895) |
10,823,710 | |||||||||||||
|
|
|||||||||||||
Total Investments (Cost $15,234,895) 99.4% |
10,823,710 | |||||||||||||
Other Assets, less Liabilities 0.6% |
66,533 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 10,890,243 | ||||||||||||
|
|
†Rounds to less than 0.1% of net assets.
aNon-income producing.
bSecurity was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. At September 30, 2023, the value of was $514,927, representing 4.7% of net assets.
franklintempleton.com |
Semiannual Report |
213 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Hong Kong ETF (continued)
At September 30, 2023, the Fund had the following futures contracts outstanding. See Note 1(c).
Futures Contracts
Description | Type | |
Number of Contracts |
|
|
Notional Amount |
* |
|
Expiration Date |
|
|
Value/Unrealized Appreciation (Depreciation) |
| |||||||
Equity Contracts |
||||||||||||||||||||
MINI HSI IDX |
Long | 3 | $68,524 | 10/30/23 | $320 |
*As of period end.
See Note 7 regarding other derivative information.
See Abbreviations on page 324.
214 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE India ETF
Six Months Ended September 30, 2023 (unaudited) |
Year Ended March 31, | |||||||||||||||||||||||
2023 | 2022 | 2021 | 2020 | 2019 | ||||||||||||||||||||
Per share operating performance (for a share outstanding throughout the period) |
||||||||||||||||||||||||
Net asset value, beginning of period |
$ | 27.49 | $ | 31.34 | $ | 27.70 | $ | 15.98 | $ | 23.36 | $ | 22.74 | ||||||||||||
Income from investment operationsa: | ||||||||||||||||||||||||
Net investment incomeb |
0.18 | 0.28 | 0.27 | 0.20 | 0.26 | 0.29 | ||||||||||||||||||
Net realized and unrealized gains (losses) |
4.07 | (3.92 | ) | 4.09 | 11.70 | (7.43 | ) | 0.53 | ||||||||||||||||
Total from investment operations |
4.25 | (3.64 | ) | 4.36 | 11.90 | (7.17 | ) | 0.82 | ||||||||||||||||
Less distributions from net investment income |
— | (0.21 | ) | (0.72 | ) | (0.18 | ) | (0.21 | ) | (0.20 | ) | |||||||||||||
Net asset value, end of period |
$ | 31.74 | $ | 27.49 | $ | 31.34 | $ | 27.70 | $ | 15.98 | $ | 23.36 | ||||||||||||
Total returnc |
15.42% | (11.65)% | 15.75% | 74.87% | (30.98)% | 3.66% | ||||||||||||||||||
Ratios to average net assetsd | ||||||||||||||||||||||||
Total expenses |
0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | ||||||||||||||||||
Net investment income |
1.20% | 0.98% | 0.86% | 0.89% | 1.20% | 1.33% | ||||||||||||||||||
Supplemental data | ||||||||||||||||||||||||
Net assets, end of period (000’s) |
$379,259 | $98,977 | $50,140 | $23,544 | $8,790 | $7,007 | ||||||||||||||||||
Portfolio turnover ratee |
6.90%f | 6.73%f | 10.73%f | 23.48%f | 36.55%f | 8.03% | ||||||||||||||||||
aThe amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations for the period due to the timing of sales and repurchases of Creation Unit Fund shares in relation to income earned and/or fluctuating fair value of the investments of the Fund.
bBased on average daily shares outstanding.
cTotal return is not annualized for periods less than one year. Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period.
dRatios are annualized for periods less than one year.
ePortfolio turnover rate includes portfolio transactions that are executed as a result of the Fund offering and redeeming Creation Units solely for cash (“Cash creations”).
|
| |||||||||||||||||||||||
fPortfolio turnover rate excluding cash creations was as follows: | 2.24 | % | 6.23 | % | 8.16 | % | 16.91 | % | 6.83 | % | — |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
215 |
FRANKLIN TEMPLETON ETF TRUST
Schedule of Investments, September 30, 2023 (unaudited)
Franklin FTSE India ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 99.5% |
||||||||||||||
India 99.5% | ||||||||||||||
3M India Ltd. |
Industrial Conglomerates | 856 | $ | 327,859 | ||||||||||
Aarti Industries Ltd. |
Chemicals | 62,768 | 371,432 | |||||||||||
ABB India Ltd. |
Electrical Equipment | 16,518 | 815,196 | |||||||||||
ACC Ltd. |
Construction Materials | 25,956 | 628,964 | |||||||||||
a |
Adani Energy Solutions Ltd. |
Electric Utilities | 112,086 | 1,093,645 | ||||||||||
Adani Enterprises Ltd. |
Trading Companies & Distributors | 110,908 | 3,223,950 | |||||||||||
a |
Adani Green Energy Ltd. |
Independent Power Producers & Energy Traders | 133,088 | 1,582,079 | ||||||||||
Adani Ports & Special Economic Zone Ltd. |
Transportation Infrastructure | 266,178 | 2,644,912 | |||||||||||
a |
Adani Power Ltd. |
Independent Power Producers & Energy Traders | 305,822 | 1,390,062 | ||||||||||
Adani Total Gas Ltd. |
Gas Utilities | 87,074 | 643,031 | |||||||||||
a |
Adani Wilmar Ltd. |
Food Products | 50,498 | 205,175 | ||||||||||
a |
Aditya Birla Capital Ltd. |
Financial Services | 156,922 | 340,049 | ||||||||||
AIA Engineering Ltd. |
Machinery | 12,270 | 519,029 | |||||||||||
Alkem Laboratories Ltd. |
Pharmaceuticals | 7,550 | 327,844 | |||||||||||
Ambuja Cements Ltd. |
Construction Materials | 231,490 | 1,184,194 | |||||||||||
APL Apollo Tubes Ltd. |
Metals & Mining | 54,038 | 1,057,447 | |||||||||||
Apollo Hospitals Enterprise Ltd. |
Health Care Providers & Services | 31,384 | 1,941,724 | |||||||||||
Ashok Leyland Ltd. |
Machinery | 453,778 | 967,215 | |||||||||||
Asian Paints Ltd. |
Chemicals | 142,764 | 5,434,458 | |||||||||||
Astral Ltd. |
Building Products | 37,518 | 864,044 | |||||||||||
b |
AU Small Finance Bank Ltd. |
Banks | 103,120 | 886,019 | ||||||||||
Aurobindo Pharma Ltd. |
Pharmaceuticals | 83,534 | 919,776 | |||||||||||
a,b |
Avenue Supermarts Ltd. |
Consumer Staples Distribution & Retail | 47,430 | 2,099,363 | ||||||||||
Axis Bank Ltd. |
Banks | 721,138 | 9,002,800 | |||||||||||
Bajaj Auto Ltd. |
Automobiles | 21,472 | 1,309,322 | |||||||||||
Bajaj Finance Ltd. |
Consumer Finance | 77,398 | 7,279,953 | |||||||||||
Bajaj Finserv Ltd. |
Financial Services | 120,818 | 2,240,934 | |||||||||||
Bajaj Holdings & Investment Ltd. |
Financial Services | 8,494 | 727,104 | |||||||||||
Balkrishna Industries Ltd. |
Automobile Components | 25,248 | 777,678 | |||||||||||
b |
Bandhan Bank Ltd. |
Banks | 248,716 | 753,565 | ||||||||||
Bank of Baroda |
Banks | 324,464 | 835,959 | |||||||||||
Bank of India |
Banks | 243,288 | 320,512 | |||||||||||
Bata India Ltd. |
Textiles, Apparel & Luxury Goods | 20,764 | 402,171 | |||||||||||
Bayer CropScience Ltd. |
Chemicals | 4,055 | 260,775 | |||||||||||
a |
Berger Paints India Ltd. |
Chemicals | 15,034 | 102,983 | ||||||||||
Berger Paints India Ltd. |
Chemicals | 76,710 | 525,480 | |||||||||||
Bharat Electronics Ltd. |
Aerospace & Defense | 1,131,026 | 1,883,653 | |||||||||||
Bharat Forge Ltd. |
Automobile Components | 79,758 | 1,048,441 | |||||||||||
Bharat Heavy Electricals Ltd. |
Electrical Equipment | 401,864 | 633,952 | |||||||||||
Bharat Petroleum Corp. Ltd. |
Oil, Gas & Consumable Fuels | 316,206 | 1,319,790 | |||||||||||
Bharti Airtel Ltd. |
Wireless Telecommunication Services | 48,374 | 310,896 | |||||||||||
Bharti Airtel Ltd. |
Wireless Telecommunication Services | 732,464 | 8,171,296 | |||||||||||
Biocon Ltd. |
Biotechnology | 145,360 | 476,474 | |||||||||||
Bosch Ltd. |
Automobile Components | 2,747 | 629,171 | |||||||||||
Britannia Industries Ltd. |
Food Products | 37,754 | 2,062,777 | |||||||||||
Canara Bank |
Banks | 115,626 | 523,888 | |||||||||||
Castrol India Ltd. |
Chemicals | 155,270 | 259,060 | |||||||||||
CG Power & Industrial Solutions Ltd. |
Electrical Equipment | 202,466 | 1,078,145 | |||||||||||
Cholamandalam Investment & Finance Co. Ltd. |
Consumer Finance | 127,190 | 1,864,859 | |||||||||||
Cipla Ltd. |
Pharmaceuticals | 161,878 | 2,312,244 | |||||||||||
Coal India Ltd. |
Oil, Gas & Consumable Fuels | 717,598 | 2,550,960 | |||||||||||
Coforge Ltd. |
IT Services | 18,406 | 1,131,396 | |||||||||||
Colgate-Palmolive India Ltd. |
Personal Care Products | 42,002 | 1,014,401 | |||||||||||
Container Corp. of India Ltd. |
Ground Transportation | 86,366 | 744,875 | |||||||||||
Coromandel International Ltd. |
Chemicals | 33,980 | 469,059 | |||||||||||
Cummins India Ltd. |
Machinery | 42,710 | 872,446 | |||||||||||
Dabur India Ltd. |
Personal Care Products | 182,880 | 1,214,777 |
216 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE India ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
India (continued) | ||||||||||||||
Dalmia Bharat Ltd. |
Construction Materials | 25,956 | $ | 751,522 | ||||||||||
Deepak Nitrite Ltd. |
Chemicals | 21,944 | 560,338 | |||||||||||
Divi’s Laboratories Ltd. |
Life Sciences Tools & Services | 40,350 | 1,829,498 | |||||||||||
Dixon Technologies India Ltd. |
Household Durables | 11,326 | 721,401 | |||||||||||
DLF Ltd. |
Real Estate Management & Development | 196,566 | 1,256,687 | |||||||||||
b |
Dr Lal PathLabs Ltd. |
Health Care Providers & Services | 10,854 | 329,948 | ||||||||||
Dr Reddy’s Laboratories Ltd. |
Pharmaceuticals | 38,226 | 2,571,838 | |||||||||||
Eicher Motors Ltd. |
Automobiles | 43,890 | 1,821,825 | |||||||||||
Emami Ltd. |
Personal Care Products | 66,720 | 432,621 | |||||||||||
Embassy Office Parks REIT |
Office REITs | 191,138 | 691,921 | |||||||||||
Exide Industries Ltd. |
Automobile Components | 147,416 | 462,621 | |||||||||||
Federal Bank Ltd. |
Banks | 549,820 | 974,618 | |||||||||||
a |
FSN E-Commerce Ventures Ltd. |
Specialty Retail | 425,934 | 785,791 | ||||||||||
GAIL India Ltd. |
Gas Utilities | 834,406 | 1,249,982 | |||||||||||
b |
General Insurance Corp. of India |
Insurance | 30,507 | 82,806 | ||||||||||
GlaxoSmithKline Pharmaceuticals Ltd. |
Pharmaceuticals | 13,686 | 255,167 | |||||||||||
Glenmark Pharmaceuticals Ltd. |
Pharmaceuticals | 48,477 | 499,415 | |||||||||||
a |
GMR Airports Infrastructure Ltd. |
Transportation Infrastructure | 757,242 | 543,028 | ||||||||||
a |
Godrej Consumer Products Ltd. |
Personal Care Products | 115,390 | 1,377,878 | ||||||||||
a |
Godrej Industries Ltd. |
Industrial Conglomerates | 20,764 | 142,438 | ||||||||||
a |
Godrej Properties Ltd. |
Real Estate Management & Development | 32,564 | 609,429 | ||||||||||
Grasim Industries Ltd. |
Construction Materials | 121,290 | 2,837,068 | |||||||||||
Gujarat Fluorochemicals Ltd. |
Chemicals | 12,506 | 459,322 | |||||||||||
Gujarat Gas Ltd. |
Gas Utilities | 64,892 | 330,472 | |||||||||||
Havells India Ltd. |
Electrical Equipment | 76,218 | 1,274,824 | |||||||||||
HCL Technologies Ltd. |
IT Services | 334,612 | 4,975,586 | |||||||||||
b |
HDFC Asset Management Co. Ltd. |
Capital Markets | 31,856 | 1,015,606 | ||||||||||
HDFC Bank Ltd. |
Banks | 1,213,616 | 22,306,289 | |||||||||||
b |
HDFC Life Insurance Co. Ltd. |
Insurance | 312,194 | 2,396,309 | ||||||||||
Hero MotoCorp Ltd. |
Automobiles | 41,294 | 1,520,282 | |||||||||||
Hindalco Industries Ltd. |
Metals & Mining | 446,228 | 2,647,289 | |||||||||||
Hindustan Aeronautics Ltd. |
Aerospace & Defense | 59,936 | 1,391,665 | |||||||||||
a |
Hindustan Petroleum Corp. Ltd. |
Oil, Gas & Consumable Fuels | 189,014 | 580,303 | ||||||||||
Hindustan Unilever Ltd. |
Personal Care Products | 280,572 | 8,330,538 | |||||||||||
Hindustan Zinc Ltd. |
Metals & Mining | 71,264 | 264,876 | |||||||||||
Honeywell Automation India Ltd. |
Electronic Equipment, Instruments & Components | 714 | 342,668 | |||||||||||
ICICI Bank Ltd. |
Banks | 497,670 | 5,704,780 | |||||||||||
b |
ICICI Lombard General Insurance Co. Ltd. |
Insurance | 76,218 | 1,201,948 | ||||||||||
b |
ICICI Prudential Life Insurance Co. Ltd. |
Insurance | 120,110 | 818,946 | ||||||||||
IDBI Bank Ltd. |
Banks | 188,070 | 160,233 | |||||||||||
a |
IDFC First Bank Ltd. |
Banks | 1,027,432 | 1,181,579 | ||||||||||
Indian Bank |
Banks | 62,902 | 320,830 | |||||||||||
Indian Hotels Co. Ltd. |
Hotels, Restaurants & Leisure | 262,166 | 1,297,866 | |||||||||||
Indian Oil Corp. Ltd. |
Oil, Gas & Consumable Fuels | 1,297,388 | 1,420,950 | |||||||||||
Indian Railway Catering & Tourism Corp. Ltd. |
Commercial Services & Supplies | 94,624 | 775,816 | |||||||||||
b |
Indian Railway Finance Corp. Ltd. |
Financial Services | 572,238 | 527,507 | ||||||||||
Indraprastha Gas Ltd. |
Gas Utilities | 109,256 | 598,439 | |||||||||||
a |
Indus Towers Ltd. |
Diversified Telecommunication Services | 262,874 | 606,842 | ||||||||||
Info Edge India Ltd. |
Interactive Media & Services | 24,304 | 1,219,074 | |||||||||||
Infosys Ltd. |
IT Services | 1,109,080 | 19,171,543 | |||||||||||
a,b |
InterGlobe Aviation Ltd. |
Passenger Airlines | 39,406 | 1,129,963 | ||||||||||
Ipca Laboratories Ltd. |
Pharmaceuticals | 43,654 | 491,862 | |||||||||||
ITC Ltd. |
Tobacco | 944,134 | 5,052,587 | |||||||||||
Jindal Steel & Power Ltd. |
Metals & Mining | 122,942 | 1,038,344 | |||||||||||
a |
Jio Financial Services Ltd. |
Financial Services | 1,061,650 | 2,955,802 | ||||||||||
JSW Energy Ltd. |
Independent Power Producers & Energy Traders | 119,166 | 627,679 | |||||||||||
JSW Steel Ltd. |
Metals & Mining | 318,092 | 2,986,281 |
franklintempleton.com |
Semiannual Report |
217 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE India ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
India (continued) | ||||||||||||||
Jubilant Foodworks Ltd. |
Hotels, Restaurants & Leisure | 114,446 | $ | 734,709 | ||||||||||
Kansai Nerolac Paints Ltd. |
Chemicals | 65,836 | 251,678 | |||||||||||
Kotak Mahindra Bank Ltd. |
Banks | 31,148 | 651,045 | |||||||||||
L&T Finance Holdings Ltd. |
Financial Services | 271,842 | 435,713 | |||||||||||
b |
L&T Technology Services Ltd. |
Professional Services | 8,494 | 468,058 | ||||||||||
Larsen & Toubro Ltd. |
Construction & Engineering | 197,683 | 7,197,681 | |||||||||||
b |
Laurus Labs Ltd. |
Pharmaceuticals | 124,242 | 591,577 | ||||||||||
LIC Housing Finance Ltd. |
Financial Services | 96,195 | 537,903 | |||||||||||
Linde India Ltd. |
Chemicals | 6,842 | 490,550 | |||||||||||
b |
LTIMindtree Ltd. |
IT Services | 29,024 | 1,820,911 | ||||||||||
Lupin Ltd. |
Pharmaceuticals | 76,218 | 1,075,012 | |||||||||||
b |
Macrotech Developers Ltd. |
Real Estate Management & Development | 71,736 | 691,045 | ||||||||||
Mahindra & Mahindra Financial Services Ltd. |
Consumer Finance | 186,654 | 677,352 | |||||||||||
Mahindra & Mahindra Ltd. |
Automobiles | 297,092 | 5,560,553 | |||||||||||
a |
Mangalore Refinery & Petrochemicals Ltd. |
Oil, Gas & Consumable Fuels | 64,955 | 74,778 | ||||||||||
Marico Ltd. |
Food Products | 164,002 | 1,109,229 | |||||||||||
Maruti Suzuki India Ltd. |
Automobiles | 41,766 | 5,336,653 | |||||||||||
a |
Max Financial Services Ltd. |
Insurance | 72,444 | 793,653 | ||||||||||
Max Healthcare Institute Ltd. |
Health Care Providers & Services | 208,836 | 1,426,924 | |||||||||||
Mphasis Ltd. |
IT Services | 25,484 | 729,340 | |||||||||||
MRF Ltd. |
Automobile Components | 853 | 1,102,141 | |||||||||||
Muthoot Finance Ltd. |
Consumer Finance | 34,452 | 519,427 | |||||||||||
Nestle India Ltd. |
Food Products | 11,326 | 3,069,717 | |||||||||||
NHPC Ltd. |
Independent Power Producers & Energy Traders | 734,824 | 467,222 | |||||||||||
b |
Nippon Life India Asset Management Ltd. |
Capital Markets | 45,542 | 179,856 | ||||||||||
NMDC Ltd. |
Metals & Mining | 361,748 | 644,506 | |||||||||||
NTPC Ltd. |
Independent Power Producers & Energy Traders | 1,497,730 | 4,428,734 | |||||||||||
Oberoi Realty Ltd. |
Real Estate Management & Development | 36,576 | 508,440 | |||||||||||
Oil & Natural Gas Corp. Ltd. |
Oil, Gas & Consumable Fuels | 1,226,832 | 2,834,347 | |||||||||||
Oil India Ltd. |
Oil, Gas & Consumable Fuels | 106,896 | 384,699 | |||||||||||
a |
One 97 Communications Ltd. |
Financial Services | 103,120 | 1,065,085 | ||||||||||
Oracle Financial Services Software Ltd. |
Software | 7,314 | 362,070 | |||||||||||
Page Industries Ltd. |
Textiles, Apparel & Luxury Goods | 1,812 | 850,533 | |||||||||||
Patanjali Foods Ltd. |
Food Products | 29,496 | 440,142 | |||||||||||
a |
PB Fintech Ltd. |
Insurance | 98,400 | 906,785 | ||||||||||
Persistent Systems Ltd. |
IT Services | 15,810 | 1,103,618 | |||||||||||
Petronet LNG Ltd. |
Oil, Gas & Consumable Fuels | 236,682 | 683,899 | |||||||||||
PI Industries Ltd. |
Chemicals | 25,484 | 1,059,669 | |||||||||||
Pidilite Industries Ltd. |
Chemicals | 48,138 | 1,414,148 | |||||||||||
Piramal Enterprises Ltd. |
Financial Services | 40,832 | 515,973 | |||||||||||
Polycab India Ltd. |
Electrical Equipment | 15,102 | 971,695 | |||||||||||
Power Finance Corp. Ltd. |
Financial Services | 369,584 | 1,121,108 | |||||||||||
a |
Power Finance Corp. Ltd. |
Financial Services | 89,974 | 272,932 | ||||||||||
Power Grid Corp. of India Ltd. |
Electric Utilities | 1,325,940 | 3,189,457 | |||||||||||
Punjab National Bank |
Banks | 691,404 | 667,748 | |||||||||||
a |
Rajesh Exports Ltd. |
Textiles, Apparel & Luxury Goods | 43,418 | 262,522 | ||||||||||
b |
RBL Bank Ltd. |
Banks | 141,276 | 429,997 | ||||||||||
REC Ltd. |
Financial Services | 394,784 | 1,366,320 | |||||||||||
Relaxo Footwears Ltd. |
Textiles, Apparel & Luxury Goods | 23,360 | 253,358 | |||||||||||
Reliance Industries Ltd. |
Oil, Gas & Consumable Fuels | 1,063,772 | 30,039,834 | |||||||||||
Samvardhana Motherson International Ltd. |
Automobile Components | 752,994 | 870,500 | |||||||||||
SBI Cards & Payment Services Ltd. |
Consumer Finance | 91,558 | 872,236 | |||||||||||
b |
SBI Life Insurance Co. Ltd. |
Insurance | 133,088 | 2,092,130 | ||||||||||
Schaeffler India Ltd. |
Machinery | 12,742 | 508,644 | |||||||||||
Shree Cement Ltd. |
Construction Materials | 4,323 | 1,325,669 | |||||||||||
Shriram Finance Ltd. |
Consumer Finance | 88,490 | 2,045,288 | |||||||||||
Siemens Ltd. |
Industrial Conglomerates | 28,080 | 1,241,838 |
218 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE India ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
India (continued) | ||||||||||||||
Solar Industries India Ltd. |
Chemicals | 7,786 | $ | 451,926 | ||||||||||
b |
Sona Blw Precision Forgings Ltd. |
Automobile Components | 111,144 | 780,834 | ||||||||||
SRF Ltd. |
Chemicals | 44,834 | 1,214,452 | |||||||||||
a |
Star Health & Allied Insurance Co. Ltd. |
Insurance | 71,500 | 517,429 | ||||||||||
State Bank of India |
Banks | 565,158 | 4,073,582 | |||||||||||
Steel Authority of India Ltd. |
Metals & Mining | 462,982 | 523,244 | |||||||||||
Sun Pharmaceutical Industries Ltd. |
Pharmaceuticals | 344,050 | 4,800,428 | |||||||||||
Sun TV Network Ltd. |
Media | 26,900 | 198,297 | |||||||||||
Supreme Industries Ltd. |
Chemicals | 20,292 | 1,007,132 | |||||||||||
b |
Syngene International Ltd. |
Life Sciences Tools & Services | 51,678 | 500,436 | ||||||||||
Tata Communications Ltd. |
Diversified Telecommunication Services | 36,576 | 851,291 | |||||||||||
Tata Consultancy Services Ltd. |
IT Services | 323,048 | 13,726,999 | |||||||||||
Tata Consumer Products Ltd. |
Food Products | 193,026 | 2,038,318 | |||||||||||
Tata Elxsi Ltd. |
Software | 10,854 | 944,633 | |||||||||||
Tata Motors Ltd., Class A |
Automobiles | 583,564 | 4,428,667 | |||||||||||
Tata Motors Ltd., Class A |
Automobiles | 120,110 | 619,127 | |||||||||||
Tata Power Co. Ltd. |
Electric Utilities | 524,334 | 1,656,199 | |||||||||||
Tata Steel Ltd. |
Metals & Mining | 2,580,382 | 4,005,374 | |||||||||||
a |
Tata Teleservices Maharashtra Ltd. |
Diversified Telecommunication Services | 156,686 | 187,647 | ||||||||||
Tech Mahindra Ltd. |
IT Services | 192,318 | 2,831,923 | |||||||||||
Titan Co. Ltd. |
Textiles, Apparel & Luxury Goods | 131,672 | 4,992,805 | |||||||||||
Torrent Pharmaceuticals Ltd. |
Pharmaceuticals | 30,676 | 712,623 | |||||||||||
Torrent Power Ltd. |
Electric Utilities | 69,421 | 617,373 | |||||||||||
Trent Ltd. |
Specialty Retail | 57,576 | 1,442,256 | |||||||||||
Tube Investments of India Ltd. |
Automobile Components | 31,856 | 1,146,361 | |||||||||||
TVS Motor Co. Ltd. |
Automobiles | 74,802 | 1,370,809 | |||||||||||
UltraTech Cement Ltd. |
Construction Materials | 36,104 | 3,588,977 | |||||||||||
Union Bank of India Ltd. |
Banks | 348,534 | 446,154 | |||||||||||
United Breweries Ltd. |
Beverages | 21,708 | 407,019 | |||||||||||
a |
United Spirits Ltd. |
Beverages | 91,322 | 1,107,691 | ||||||||||
UNO Minda Ltd. |
Automobile Components | 54,274 | 391,788 | |||||||||||
UPL Ltd. |
Chemicals | 167,070 | 1,239,828 | |||||||||||
Varun Beverages Ltd. |
Beverages | 147,484 | 1,679,594 | |||||||||||
Vedant Fashions Ltd. |
Textiles, Apparel & Luxury Goods | 18,642 | 300,492 | |||||||||||
Vedanta Ltd. |
Metals & Mining | 373,546 | 1,001,101 | |||||||||||
a |
Vodafone Idea Ltd. |
Wireless Telecommunication Services | 2,557,728 | 358,828 | ||||||||||
Voltas Ltd. |
Construction & Engineering | 72,208 | 750,677 | |||||||||||
Whirlpool of India Ltd. |
Household Durables | 9,674 | 189,312 | |||||||||||
Wipro Ltd. |
IT Services | 444,812 | 2,175,014 | |||||||||||
a |
Yes Bank Ltd. |
Banks | 6,319,638 | 1,312,766 | ||||||||||
a |
Zee Entertainment Enterprises Ltd. |
Media | 260,516 | 829,943 | ||||||||||
a |
Zomato Ltd. |
Hotels, Restaurants & Leisure | 1,726,390 | 2,110,139 | ||||||||||
Zydus Lifesciences Ltd. |
Pharmaceuticals | 79,758 | 590,684 | |||||||||||
|
|
|||||||||||||
Total Common Stocks (Cost $342,752,072) |
|
377,338,826 | ||||||||||||
|
|
|||||||||||||
Total Investments (Cost $342,752,072) 99.5% |
|
377,338,826 | ||||||||||||
Other Assets, less Liabilities 0.5% |
1,920,629 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 379,259,455 | ||||||||||||
|
|
aNon-income producing.
bSecurity was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. At September 30, 2023, the value of was $18,796,824, representing 5.0% of net assets.
franklintempleton.com |
Semiannual Report |
219 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE India ETF (continued)
At September 30, 2023, the Fund had the following forward exchange contracts outstanding. See Note 1(c).
Forward Exchange Contracts
Currency | Counterpartya | Type | Quantity | Contract Amount |
Settlement Date |
Unrealized Appreciation |
Unrealized Depreciation |
|||||||||||||||||||||
|
||||||||||||||||||||||||||||
OTC Forward Exchange Contracts | ||||||||||||||||||||||||||||
Indian Rupee |
State Street Bank & Trust Co. | Buy | 401,727,917 | $ | 4,832,362 | 10/03/23 | $5,329 | $ — | ||||||||||||||||||||
|
|
|||||||||||||||||||||||||||
Net unrealized appreciation (depreciation) |
|
$ 5,329 | ||||||||||||||||||||||||||
|
|
aMay be comprised of multiple contracts with the same counterparty, currency and settlement date.
At September 30, 2023, the Fund had the following futures contracts outstanding. See Note 1(c).
Futures Contracts
Description | Type | Number of Contracts |
Notional Amount* |
Expiration Date |
Value/Unrealized Appreciation (Depreciation) |
|||||||||||||||
Index Contracts | ||||||||||||||||||||
IFSC Nifty 50 |
Long | 147 | $ | 5,794,887 | 10/26/23 | $(3,055 | ) |
*As of period end.
See Note 7 regarding other derivative information.
See Abbreviations on page 324.
220 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE Italy ETF
Six Months Ended September 30, 2023 (unaudited) |
Year Ended March 31, | |||||||||||||||||||||||
2023 | 2022 | 2021 | 2020 | 2019 | ||||||||||||||||||||
Per share operating performance (for a share outstanding throughout the period) |
||||||||||||||||||||||||
Net asset value, beginning of period |
$25.19 | $24.65 | $26.50 | $17.61 | $23.13 | $26.27 | ||||||||||||||||||
Income from investment operationsa: | ||||||||||||||||||||||||
Net investment incomeb |
0.73 | 0.87 | 0.85 | 0.67 | 0.90 | 0.46 | ||||||||||||||||||
Net realized and unrealized gains (losses) |
0.55 | 0.74 | (1.59 | ) | 8.80 | (5.52 | ) | (2.99 | ) | |||||||||||||||
Total from investment operations |
1.28 | 1.61 | (0.74 | ) | 9.47 | (4.62 | ) | (2.53 | ) | |||||||||||||||
Less distributions from net investment income |
(0.76 | ) | (1.07 | ) | (1.11) | (0.58 | ) | (0.90 | ) | (0.61 | ) | |||||||||||||
Net asset value, end of period |
$25.71 | $25.19 | $24.65 | $26.50 | $17.61 | $23.13 | ||||||||||||||||||
Total returnc |
5.06% | 7.51% | (3.15)% | 54.64% | (20.84)% | (9.67)% | ||||||||||||||||||
Ratios to average net assetsd | ||||||||||||||||||||||||
Total expenses |
0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | ||||||||||||||||||
Net investment income |
5.58% | 3.96% | 3.15% | 3.04% | 3.85% | 2.05% | ||||||||||||||||||
Supplemental data | ||||||||||||||||||||||||
Net assets, end of period (000’s) |
$5,143 | $5,039 | $3,698 | $3,974 | $2,641 | $10,410 | ||||||||||||||||||
Portfolio turnover ratee |
8.61%f | 18.04%f | 12.75%f | 17.45%f | 9.89%f | 16.67% | ||||||||||||||||||
aThe amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations for the period due to the timing of sales and repurchases of Creation Unit Fund shares in relation to income earned and/or fluctuating fair value of the investments of the Fund. bBased on average daily shares outstanding. cTotal return is not annualized for periods less than one year. Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period. dRatios are annualized for periods less than one year. ePortfolio turnover rate includes portfolio transactions that are executed as a result of the Fund offering and redeeming Creation Units solely for cash (“Cash creations”). |
| |||||||||||||||||||||||
fPortfolio turnover rate excluding cash creations was as follows: | 8.61% | 18.04% | 12.75% | 17.45% | 9.89% | — |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
221 |
FRANKLIN TEMPLETON ETF TRUST
Schedule of Investments, September 30, 2023 (unaudited)
Franklin FTSE Italy ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 99.9% |
||||||||||||||
Italy 87.2% | ||||||||||||||
A2A SpA |
Multi-Utilities | 24,480 | $ | 43,698 | ||||||||||
Amplifon SpA |
Health Care Providers & Services | 2,056 | 61,211 | |||||||||||
Assicurazioni Generali SpA |
Insurance | 10,280 | 210,768 | |||||||||||
Banca Mediolanum SpA |
Financial Services | 3,852 | 33,042 | |||||||||||
Banco BPM SpA |
Banks | 21,820 | 104,767 | |||||||||||
Buzzi SpA |
Construction Materials | 1,372 | 37,651 | |||||||||||
Davide Campari-Milano NV |
Beverages | 7,920 | 93,622 | |||||||||||
DiaSorin SpA |
Health Care Equipment & Supplies | 340 | 31,109 | |||||||||||
Enel SpA |
Electric Utilities | 94,228 | 580,626 | |||||||||||
Eni SpA |
Oil, Gas & Consumable Fuels | 14,796 | 238,989 | |||||||||||
Ferrari NV |
Automobiles | 1,443 | 427,319 | |||||||||||
FinecoBank Banca Fineco SpA |
Banks | 9,740 | 118,745 | |||||||||||
Hera SpA |
Multi-Utilities | 12,296 | 33,718 | |||||||||||
a |
Infrastrutture Wireless Italiane SpA |
Diversified Telecommunication Services | 5,652 | 67,410 | ||||||||||
Interpump Group SpA |
Machinery | 1,268 | 58,385 | |||||||||||
Intesa Sanpaolo SpA |
Banks | 188,120 | 485,980 | |||||||||||
Italgas SpA |
Gas Utilities | 7,820 | 40,172 | |||||||||||
Leonardo SpA |
Aerospace & Defense | 6,376 | 92,213 | |||||||||||
Mediobanca Banca di Credito Finanziario SpA |
Banks | 10,268 | 136,217 | |||||||||||
Moncler SpA |
Textiles, Apparel & Luxury Goods | 2,528 | 147,423 | |||||||||||
a,b |
Nexi SpA |
Financial Services | 8,856 | 54,270 | ||||||||||
a |
Pirelli & C SpA |
Automobile Components | 7,800 | 37,666 | ||||||||||
a |
Poste Italiane SpA |
Insurance | 7,232 | 76,324 | ||||||||||
Prysmian SpA |
Electrical Equipment | 3,720 | 150,256 | |||||||||||
Recordati Industria Chimica e Farmaceutica SpA |
Pharmaceuticals | 1,548 | 73,277 | |||||||||||
Reply SpA |
IT Services | 360 | 33,941 | |||||||||||
Snam SpA |
Gas Utilities | 30,044 | 141,519 | |||||||||||
b |
Telecom Italia SpA |
Diversified Telecommunication Services | 171,052 | 53,624 | ||||||||||
b |
Telecom Italia SpA |
Diversified Telecommunication Services | 96,140 | 30,262 | ||||||||||
Tenaris SA |
Energy Equipment & Services | 7,448 | 118,165 | |||||||||||
Terna - Rete Elettrica Nazionale |
Electric Utilities | 18,572 | 140,159 | |||||||||||
UniCredit SpA |
Banks | 21,428 | 515,673 | |||||||||||
UnipolSai Assicurazioni SpA |
Insurance | 6,676 | 16,158 | |||||||||||
|
|
|||||||||||||
4,484,359 | ||||||||||||||
|
|
|||||||||||||
United Kingdom 2.8% | ||||||||||||||
CNH Industrial NV |
Machinery | 11,812 | 144,319 | |||||||||||
|
|
|||||||||||||
United States 9.9% | ||||||||||||||
Stellantis NV |
Automobiles | 26,488 | 510,684 | |||||||||||
|
|
|||||||||||||
Total Common Stocks (Cost $4,427,315) |
5,139,362 | |||||||||||||
|
|
|||||||||||||
Total Investments (Cost $4,427,315) 99.9% |
5,139,362 | |||||||||||||
Other Assets, less Liabilities 0.1% |
3,380 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 5,142,742 | ||||||||||||
|
|
aSecurity was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. At September 30, 2023, the value of was $235,670, representing 4.6% of net assets.
bNon-income producing.
222 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE Japan ETF
Six Months Ended September 30, 2023 |
Year Ended March 31, | |||||||||||||||||||||||
2023 | 2022 | 2021 | 2020 | 2019 | ||||||||||||||||||||
Per share operating performance (for a share outstanding throughout the period) |
||||||||||||||||||||||||
Net asset value, beginning of period |
$25.66 | $27.42 | $30.25 | $21.93 | $24.18 | $26.69 | ||||||||||||||||||
|
|
|||||||||||||||||||||||
Income from investment operationsa: | ||||||||||||||||||||||||
Net investment incomeb |
0.28 | 0.63 | 0.63 | 0.53 | 0.56 | 0.59 | ||||||||||||||||||
Net realized and unrealized gains (losses) |
0.92 | (1.93 | ) | (2.76 | ) | 8.24 | (2.22 | ) | (2.76 | ) | ||||||||||||||
|
|
|||||||||||||||||||||||
Total from investment operations |
1.20 | (1.30 | ) | (2.13 | ) | 8.77 | (1.66 | ) | (2.17 | ) | ||||||||||||||
|
|
|||||||||||||||||||||||
Less distributions from net investment income |
(0.36 | ) | (0.46 | ) | (0.70 | ) | (0.45 | ) | (0.59 | ) | (0.34 | ) | ||||||||||||
|
|
|||||||||||||||||||||||
Net asset value, end of period |
$26.50 | $25.66 | $27.42 | $30.25 | $21.93 | $24.18 | ||||||||||||||||||
|
|
|||||||||||||||||||||||
Total returnc |
4.67% | (4.61)% | (7.21)% | 40.23% | (7.15)% | (8.10)% | ||||||||||||||||||
Ratios to average net assetsd | ||||||||||||||||||||||||
Expenses before waiver and payments by affiliates |
0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | ||||||||||||||||||
Expenses net of waiver and payments by affiliates |
0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | ||||||||||||||||||
Net investment income |
2.13% | 2.60% | 2.14% | 1.98% | 2.30% | 2.39% | ||||||||||||||||||
Supplemental data | ||||||||||||||||||||||||
Net assets, end of period (000’s) |
$1,494,748 | $1,000,803 | $789,637 | $598,934 | $315,851 | $290,205 | ||||||||||||||||||
Portfolio turnover ratee |
1.90%f | 3.01%f | 2.95%f | 5.76%f | 4.59%f | 4.35%f |
aThe amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations for the period due to the timing of sales and repurchases of Creation Unit Fund shares in relation to income earned and/or fluctuating fair value of the investments of the Fund.
bBased on average daily shares outstanding.
cTotal return is not annualized for periods less than one year. Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period.
dRatios are annualized for periods less than one year.
ePortfolio turnover rate includes portfolio transactions that are executed as a result of the Fund offering and redeeming Creation Units solely for cash (“Cash creations”). |
| |||||||||||||||||||||||
fPortfolio turnover rate excluding cash creations was as follows: | 1.90% | 3.00% | 2.80% | 5.76% | 4.51% | — |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
223 |
FRANKLIN TEMPLETON ETF TRUST
Schedule of Investments, September 30, 2023 (unaudited)
Franklin FTSE Japan ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 99.1% |
||||||||||||||
Japan 99.1% | ||||||||||||||
ABC-Mart, Inc. |
Specialty Retail | 28,200 | $ | 507,968 | ||||||||||
Acom Co. Ltd. |
Consumer Finance | 141,000 | 329,575 | |||||||||||
Activia Properties, Inc. |
Diversified REITs | 282 | 779,528 | |||||||||||
Advance Residence Investment Corp. |
Residential REITs | 470 | 1,067,717 | |||||||||||
Advantest Corp. |
Semiconductors & Semiconductor Equipment | 274,800 | 7,699,372 | |||||||||||
Aeon Co. Ltd. |
Consumer Staples Distribution & Retail | 263,200 | 5,225,197 | |||||||||||
AEON Financial Service Co. Ltd. |
Consumer Finance | 47,000 | 405,827 | |||||||||||
Aeon Mall Co. Ltd. |
Real Estate Management & Development | 47,000 | 554,331 | |||||||||||
AEON REIT Investment Corp. |
Retail REITs | 658 | 645,984 | |||||||||||
AGC, Inc. |
Building Products | 65,800 | 2,312,315 | |||||||||||
Aica Kogyo Co. Ltd. |
Chemicals | 18,800 | 420,409 | |||||||||||
Ain Holdings, Inc. |
Consumer Staples Distribution & Retail | 9,400 | 277,795 | |||||||||||
Air Water, Inc. |
Chemicals | 65,800 | 821,480 | |||||||||||
Aisin Corp. |
Automobile Components | 65,800 | 2,491,339 | |||||||||||
Ajinomoto Co., Inc. |
Food Products | 169,200 | 6,535,559 | |||||||||||
Alfresa Holdings Corp. |
Health Care Providers & Services | 56,400 | 927,874 | |||||||||||
Alps Alpine Co. Ltd. |
Electronic Equipment, Instruments & Components | 75,200 | 653,858 | |||||||||||
Amada Co. Ltd. |
Machinery | 112,800 | 1,137,260 | |||||||||||
Amano Corp. |
Electronic Equipment, Instruments & Components | 28,200 | 620,220 | |||||||||||
Amvis Holdings, Inc. |
Health Care Providers & Services | 9,400 | 163,969 | |||||||||||
a |
ANA Holdings, Inc. |
Passenger Airlines | 56,400 | 1,184,126 | ||||||||||
Anritsu Corp. |
Electronic Equipment, Instruments & Components | 47,000 | 336,220 | |||||||||||
b |
Aozora Bank Ltd. |
Banks | 47,000 | 962,205 | ||||||||||
Ariake Japan Co. Ltd. |
Food Products | 9,400 | 319,622 | |||||||||||
As One Corp. |
Health Care Providers & Services | 9,400 | 343,937 | |||||||||||
Asahi Group Holdings Ltd. |
Beverages | 178,600 | 6,690,394 | |||||||||||
Asahi Intecc Co. Ltd. |
Health Care Equipment & Supplies | 75,200 | 1,354,583 | |||||||||||
Asahi Kasei Corp. |
Chemicals | 460,600 | 2,901,109 | |||||||||||
Asics Corp. |
Textiles, Apparel & Luxury Goods | 65,800 | 2,303,055 | |||||||||||
ASKUL Corp. |
Broadline Retail | 18,800 | 246,929 | |||||||||||
Astellas Pharma, Inc. |
Pharmaceuticals | 676,800 | 9,406,488 | |||||||||||
Azbil Corp. |
Electronic Equipment, Instruments & Components | 47,000 | 1,441,890 | |||||||||||
AZ-COM MARUWA Holdings, Inc. |
Air Freight & Logistics | 18,800 | 268,094 | |||||||||||
Bandai Namco Holdings, Inc. |
Leisure Products | 216,200 | 4,407,307 | |||||||||||
a |
Bank of Kyoto Ltd. |
Banks | 28,200 | 1,591,748 | ||||||||||
BayCurrent Consulting, Inc. |
Professional Services | 47,000 | 1,574,173 | |||||||||||
Benefit One, Inc. |
Professional Services | 18,800 | 136,252 | |||||||||||
Benesse Holdings, Inc. |
Diversified Consumer Services | 28,200 | 345,732 | |||||||||||
Bic Camera, Inc. |
Specialty Retail | 56,400 | 416,882 | |||||||||||
BIPROGY, Inc. |
IT Services | 28,200 | 705,638 | |||||||||||
Bridgestone Corp. |
Automobile Components | 206,800 | 8,077,984 | |||||||||||
Brother Industries Ltd. |
Technology Hardware, Storage & Peripherals | 84,600 | 1,365,449 | |||||||||||
Calbee, Inc. |
Food Products | 28,200 | 537,449 | |||||||||||
Canon Marketing Japan, Inc. |
Electronic Equipment, Instruments & Components | 18,800 | 488,441 | |||||||||||
Canon, Inc. |
Technology Hardware, Storage & Peripherals | 357,200 | 8,629,291 | |||||||||||
Capcom Co. Ltd. |
Entertainment | 65,800 | 2,374,488 | |||||||||||
Casio Computer Co. Ltd. |
Household Durables | 75,200 | 631,685 | |||||||||||
Central Japan Railway Co. |
Ground Transportation | 339,500 | 8,269,945 | |||||||||||
Chiba Bank Ltd. |
Banks | 225,600 | 1,644,094 | |||||||||||
Chubu Electric Power Co., Inc. |
Electric Utilities | 263,200 | 3,363,528 | |||||||||||
Chugai Pharmaceutical Co. Ltd. |
Pharmaceuticals | 244,400 | 7,573,165 | |||||||||||
Chugin Financial Group, Inc. |
Banks | 65,800 | 492,315 | |||||||||||
Chugoku Electric Power Co., Inc. |
Electric Utilities | 112,800 | 695,509 | |||||||||||
Coca-Cola Bottlers Japan Holdings, Inc. |
Beverages | 56,400 | 743,055 | |||||||||||
COMSYS Holdings Corp. |
Construction & Engineering | 37,600 | 787,654 | |||||||||||
Concordia Financial Group Ltd. |
Banks | 404,200 | 1,845,953 | |||||||||||
Cosmo Energy Holdings Co. Ltd. |
Oil, Gas & Consumable Fuels | 28,200 | 994,016 |
224 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Japan (continued) | ||||||||||||||
Cosmos Pharmaceutical Corp. |
Consumer Staples Distribution & Retail | 6,840 | $ | 701,074 | ||||||||||
Credit Saison Co. Ltd. |
Consumer Finance | 56,400 | 895,937 | |||||||||||
CyberAgent, Inc. |
Media | 159,800 | 863,439 | |||||||||||
Dai Nippon Printing Co. Ltd. |
Commercial Services & Supplies | 94,000 | 2,450,394 | |||||||||||
Daicel Corp. |
Chemicals | 94,000 | 788,031 | |||||||||||
Daido Steel Co. Ltd. |
Metals & Mining | 12,200 | 497,157 | |||||||||||
Daifuku Co. Ltd. |
Machinery | 112,800 | 2,138,835 | |||||||||||
Dai-ichi Life Holdings, Inc. |
Insurance | 357,200 | 7,413,291 | |||||||||||
Daiichi Sankyo Co. Ltd. |
Pharmaceuticals | 705,000 | 19,398,425 | |||||||||||
Daiichikosho Co. Ltd. |
Entertainment | 28,200 | 458,740 | |||||||||||
Daikin Industries Ltd. |
Building Products | 99,868 | 15,710,513 | |||||||||||
Daio Paper Corp. |
Paper & Forest Products | 28,200 | 231,307 | |||||||||||
Daito Trust Construction Co. Ltd. |
Real Estate Management & Development | 24,168 | 2,550,819 | |||||||||||
Daiwa House Industry Co. Ltd. |
Real Estate Management & Development | 244,400 | 6,575,748 | |||||||||||
Daiwa House REIT Investment Corp. |
Diversified REITs | 752 | 1,329,386 | |||||||||||
Daiwa Office Investment Corp. |
Office REITs | 94 | 420,787 | |||||||||||
Daiwa Securities Group, Inc. |
Capital Markets | 535,800 | 3,099,005 | |||||||||||
Daiwa Securities Living Investments Corp. |
Residential REITs | 752 | 558,866 | |||||||||||
DeNA Co. Ltd. |
Entertainment | 28,200 | 283,937 | |||||||||||
Denka Co. Ltd. |
Chemicals | 28,200 | 510,803 | |||||||||||
Denso Corp. |
Automobile Components | 659,200 | 10,606,394 | |||||||||||
Dentsu Group, Inc. |
Media | 75,200 | 2,217,323 | |||||||||||
Descente Ltd. |
Textiles, Apparel & Luxury Goods | 18,800 | 539,843 | |||||||||||
DIC Corp. |
Chemicals | 28,200 | 458,929 | |||||||||||
Disco Corp. |
Semiconductors & Semiconductor Equipment | 31,452 | 5,813,008 | |||||||||||
DMG Mori Co. Ltd. |
Machinery | 37,600 | 640,756 | |||||||||||
Dowa Holdings Co. Ltd. |
Metals & Mining | 18,800 | 585,953 | |||||||||||
East Japan Railway Co. |
Ground Transportation | 135,820 | 7,786,498 | |||||||||||
Ebara Corp. |
Machinery | 37,600 | 1,766,047 | |||||||||||
Eisai Co. Ltd. |
Pharmaceuticals | 103,400 | 5,753,953 | |||||||||||
Electric Power Development Co. Ltd. |
Independent Power Producers & Energy Traders | 65,800 | 1,066,205 | |||||||||||
ENEOS Holdings, Inc. |
Oil, Gas & Consumable Fuels | 1,062,200 | 4,198,973 | |||||||||||
EXEO Group, Inc. |
Construction & Engineering | 37,600 | 772,031 | |||||||||||
Ezaki Glico Co. Ltd. |
Food Products | 18,800 | 517,165 | |||||||||||
Fancl Corp. |
Personal Care Products | 28,200 | 431,622 | |||||||||||
FANUC Corp. |
Machinery | 357,200 | 9,318,677 | |||||||||||
Fast Retailing Co. Ltd. |
Specialty Retail | 57,528 | 12,563,830 | |||||||||||
Food & Life Cos. Ltd. |
Hotels, Restaurants & Leisure | 37,600 | 633,449 | |||||||||||
FP Corp. |
Containers & Packaging | 18,800 | 302,677 | |||||||||||
Frontier Real Estate Investment Corp. |
Retail REITs | 188 | 576,378 | |||||||||||
Fuji Electric Co. Ltd. |
Electrical Equipment | 47,000 | 2,124,724 | |||||||||||
Fuji Kyuko Co. Ltd. |
Hotels, Restaurants & Leisure | 9,400 | 293,228 | |||||||||||
Fuji Media Holdings, Inc. |
Media | 18,800 | 201,827 | |||||||||||
Fuji Oil Holdings, Inc. |
Food Products | 18,800 | 285,669 | |||||||||||
FUJIFILM Holdings Corp. |
Technology Hardware, Storage & Peripherals | 131,600 | 7,635,402 | |||||||||||
Fujikura Ltd. |
Electrical Equipment | 103,400 | 832,535 | |||||||||||
Fujitsu General Ltd. |
Household Durables | 18,800 | 353,575 | |||||||||||
Fujitsu Ltd. |
IT Services | 66,940 | 7,895,085 | |||||||||||
Fukuoka Financial Group, Inc. |
Banks | 56,400 | 1,352,693 | |||||||||||
Furukawa Electric Co. Ltd. |
Electrical Equipment | 18,800 | 300,094 | |||||||||||
Fuyo General Lease Co. Ltd. |
Financial Services | 9,400 | 759,055 | |||||||||||
GLP J-Reit |
Industrial REITs | 1,786 | 1,600,189 | |||||||||||
GMO internet group, Inc. |
IT Services | 18,800 | 291,654 | |||||||||||
GMO Payment Gateway, Inc. |
Financial Services | 18,800 | 1,030,173 | |||||||||||
Goldwin, Inc. |
Textiles, Apparel & Luxury Goods | 13,480 | 915,981 | |||||||||||
GS Yuasa Corp. |
Electrical Equipment | 28,200 | 503,244 | |||||||||||
GungHo Online Entertainment, Inc. |
Entertainment | 9,400 | 148,693 |
franklintempleton.com |
Semiannual Report |
225 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Japan (continued) | ||||||||||||||
Hachijuni Bank Ltd. |
Banks | 169,200 | $ | 935,320 | ||||||||||
Hakuhodo DY Holdings, Inc. |
Media | 84,600 | 697,039 | |||||||||||
Hamamatsu Photonics KK |
Electronic Equipment, Instruments & Components | 47,000 | 1,983,937 | |||||||||||
Hankyu Hanshin Holdings, Inc. |
Ground Transportation | 84,600 | 2,891,906 | |||||||||||
Harmonic Drive Systems, Inc. |
Machinery | 18,800 | 418,268 | |||||||||||
Haseko Corp. |
Household Durables | 94,000 | 1,201,260 | |||||||||||
Heiwa Corp. |
Hotels, Restaurants & Leisure | 18,800 | 270,236 | |||||||||||
Hikari Tsushin, Inc. |
Industrial Conglomerates | 9,400 | 1,434,646 | |||||||||||
a |
Hino Motors Ltd. |
Machinery | 103,400 | 395,584 | ||||||||||
Hirogin Holdings, Inc. |
Banks | 112,800 | 693,317 | |||||||||||
Hirose Electric Co. Ltd. |
Electronic Equipment, Instruments & Components | 12,060 | 1,399,760 | |||||||||||
Hisamitsu Pharmaceutical Co., Inc. |
Pharmaceuticals | 28,200 | 1,029,354 | |||||||||||
Hitachi Construction Machinery Co. Ltd. |
Machinery | 37,600 | 1,145,449 | |||||||||||
Hitachi Ltd. |
Industrial Conglomerates | 338,400 | 21,033,071 | |||||||||||
Honda Motor Co. Ltd. |
Automobiles | 1,861,200 | 20,978,646 | |||||||||||
Horiba Ltd. |
Electronic Equipment, Instruments & Components | 15,100 | 819,028 | |||||||||||
Hoshizaki Corp. |
Machinery | 47,000 | 1,636,220 | |||||||||||
House Foods Group, Inc. |
Food Products | 28,200 | 589,606 | |||||||||||
Hoya Corp. |
Health Care Equipment & Supplies | 127,440 | 13,087,740 | |||||||||||
Hulic Co. Ltd. |
Real Estate Management & Development | 159,800 | 1,436,031 | |||||||||||
Ibiden Co. Ltd. |
Electronic Equipment, Instruments & Components | 37,600 | 2,006,677 | |||||||||||
Idemitsu Kosan Co. Ltd. |
Oil, Gas & Consumable Fuels | 84,600 | 1,949,102 | |||||||||||
IHI Corp. |
Machinery | 47,000 | 987,402 | |||||||||||
Iida Group Holdings Co. Ltd. |
Household Durables | 56,400 | 939,780 | |||||||||||
Industrial & Infrastructure Fund Investment Corp. |
Industrial REITs | 752 | 696,441 | |||||||||||
Information Services International-Dentsu Ltd. |
IT Services | 9,400 | 360,315 | |||||||||||
INFRONEER Holdings, Inc. |
Construction & Engineering | 84,600 | 877,606 | |||||||||||
Inpex Corp. |
Oil, Gas & Consumable Fuels | 357,200 | 5,400,189 | |||||||||||
Internet Initiative Japan, Inc. |
Diversified Telecommunication Services | 37,600 | 609,134 | |||||||||||
Invincible Investment Corp. |
Hotel & Resort REITs | 2,538 | 1,051,087 | |||||||||||
Isetan Mitsukoshi Holdings Ltd. |
Broadline Retail | 131,600 | 1,526,992 | |||||||||||
Isuzu Motors Ltd. |
Automobiles | 197,400 | 2,487,591 | |||||||||||
Ito En Ltd. |
Beverages | 18,800 | 605,858 | |||||||||||
ITOCHU Corp. |
Trading Companies & Distributors | 498,200 | 18,048,378 | |||||||||||
Itochu Techno-Solutions Corp. |
IT Services | 18,800 | 543,370 | |||||||||||
Itoham Yonekyu Holdings, Inc. |
Food Products | 9,400 | 255,118 | |||||||||||
Iwatani Corp. |
Oil, Gas & Consumable Fuels | 18,800 | 949,291 | |||||||||||
Iyogin Holdings, Inc. |
Banks | 94,000 | 677,165 | |||||||||||
Izumi Co. Ltd. |
Broadline Retail | 18,800 | 498,772 | |||||||||||
J Front Retailing Co. Ltd. |
Broadline Retail | 94,000 | 963,150 | |||||||||||
Japan Airlines Co. Ltd. |
Passenger Airlines | 56,400 | 1,099,087 | |||||||||||
Japan Airport Terminal Co. Ltd. |
Transportation Infrastructure | 18,800 | 798,362 | |||||||||||
Japan Aviation Electronics Industry Ltd. |
Electronic Equipment, Instruments & Components | 18,800 | 375,055 | |||||||||||
Japan Exchange Group, Inc. |
Capital Markets | 197,400 | 3,669,543 | |||||||||||
Japan Hotel REIT Investment Corp. |
Hotel & Resort REITs | 1,692 | 885,543 | |||||||||||
Japan Logistics Fund, Inc. |
Industrial REITs | 376 | 730,457 | |||||||||||
Japan Metropolitan Fund Invest |
Retail REITs | 2,538 | 1,649,764 | |||||||||||
Japan Post Bank Co. Ltd. |
Banks | 545,200 | 4,753,260 | |||||||||||
Japan Post Holdings Co. Ltd. |
Insurance | 780,200 | 6,260,945 | |||||||||||
Japan Post Insurance Co. Ltd. |
Insurance | 75,200 | 1,270,173 | |||||||||||
Japan Prime Realty Investment Corp. |
Office REITs | 376 | 909,606 | |||||||||||
Japan Real Estate Investment Corp. |
Office REITs | 470 | 1,836,220 | |||||||||||
Japan Steel Works Ltd. |
Machinery | 18,800 | 349,858 | |||||||||||
Japan Tobacco, Inc. |
Tobacco | 441,800 | 10,184,567 | |||||||||||
JCR Pharmaceuticals Co. Ltd. |
Pharmaceuticals | 18,800 | 188,409 |
226 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Japan (continued) | ||||||||||||||
Jeol Ltd. |
Health Care Equipment & Supplies | 18,800 | $ | 561,638 | ||||||||||
JFE Holdings, Inc. |
Metals & Mining | 206,800 | 3,036,346 | |||||||||||
JGC Holdings Corp. |
Construction & Engineering | 75,200 | 1,047,937 | |||||||||||
JMDC, Inc. |
Health Care Technology | 9,400 | 342,614 | |||||||||||
JSR Corp. |
Chemicals | 65,800 | 1,771,276 | |||||||||||
JTEKT Corp. |
Automobile Components | 84,600 | 799,937 | |||||||||||
Justsystems Corp. |
Software | 9,400 | 188,913 | |||||||||||
Kadokawa Corp. |
Media | 37,600 | 753,890 | |||||||||||
Kagome Co. Ltd. |
Food Products | 28,200 | 613,228 | |||||||||||
Kajima Corp. |
Construction & Engineering | 159,800 | 2,605,953 | |||||||||||
Kakaku.com, Inc. |
Interactive Media & Services | 47,000 | 477,795 | |||||||||||
Kamigumi Co. Ltd. |
Transportation Infrastructure | 37,600 | 776,063 | |||||||||||
Kandenko Co. Ltd. |
Construction & Engineering | 37,600 | 346,961 | |||||||||||
Kaneka Corp. |
Chemicals | 18,800 | 489,071 | |||||||||||
Kansai Electric Power Co., Inc. |
Electric Utilities | 272,600 | 3,795,118 | |||||||||||
Kansai Paint Co. Ltd. |
Chemicals | 65,800 | 942,520 | |||||||||||
Kao Corp. |
Personal Care Products | 169,200 | 6,294,047 | |||||||||||
Katitas Co. Ltd. |
Real Estate Management & Development | 18,800 | 274,394 | |||||||||||
Kawasaki Heavy Industries Ltd. |
Machinery | 56,400 | 1,368,189 | |||||||||||
Kawasaki Kisen Kaisha Ltd. |
Marine Transportation | 84,600 | 2,893,606 | |||||||||||
KDDI Corp. |
Wireless Telecommunication Services | 601,600 | 18,452,157 | |||||||||||
Keihan Holdings Co. Ltd. |
Industrial Conglomerates | 37,600 | 999,811 | |||||||||||
Keikyu Corp. |
Ground Transportation | 94,000 | 800,315 | |||||||||||
Keio Corp. |
Ground Transportation | 47,000 | 1,619,528 | |||||||||||
Keisei Electric Railway Co. Ltd. |
Ground Transportation | 56,400 | 1,957,795 | |||||||||||
Kenedix Office Investment Corp. |
Office REITs | 282 | 653,858 | |||||||||||
Kewpie Corp. |
Food Products | 37,600 | 605,606 | |||||||||||
Keyence Corp. |
Electronic Equipment, Instruments & Components | 73,719 | 27,417,688 | |||||||||||
Kikkoman Corp. |
Food Products | 65,800 | 3,458,772 | |||||||||||
Kinden Corp. |
Construction & Engineering | 47,000 | 685,354 | |||||||||||
Kintetsu Group Holdings Co. Ltd. |
Ground Transportation | 65,800 | 1,868,724 | |||||||||||
Kirin Holdings Co. Ltd. |
Beverages | 282,000 | 3,955,276 | |||||||||||
Kobayashi Pharmaceutical Co. Ltd. |
Personal Care Products | 22,380 | 1,001,082 | |||||||||||
Kobe Bussan Co. Ltd. |
Consumer Staples Distribution & Retail | 56,400 | 1,325,102 | |||||||||||
Kobe Steel Ltd. |
Metals & Mining | 122,200 | 1,596,031 | |||||||||||
Koei Tecmo Holdings Co. Ltd. |
Entertainment | 56,400 | 803,339 | |||||||||||
Koito Manufacturing Co. Ltd. |
Automobile Components | 85,640 | 1,295,002 | |||||||||||
Kokuyo Co. Ltd. |
Commercial Services & Supplies | 28,200 | 448,157 | |||||||||||
Komatsu Ltd. |
Machinery | 347,800 | 9,423,055 | |||||||||||
Konami Group Corp. |
Entertainment | 37,600 | 1,987,276 | |||||||||||
a |
Konica Minolta, Inc. |
Technology Hardware, Storage & Peripherals | 169,200 | 551,622 | ||||||||||
Kose Corp. |
Personal Care Products | 10,880 | 791,438 | |||||||||||
Kotobuki Spirits Co. Ltd. |
Food Products | 47,000 | 761,260 | |||||||||||
K’s Holdings Corp. |
Specialty Retail | 56,400 | 518,551 | |||||||||||
Kubota Corp. |
Machinery | 404,200 | 5,969,890 | |||||||||||
Kuraray Co. Ltd. |
Chemicals | 131,600 | 1,561,827 | |||||||||||
Kurita Water Industries Ltd. |
Machinery | 37,600 | 1,313,764 | |||||||||||
Kusuri No. Aoki Holdings Co. Ltd. |
Consumer Staples Distribution & Retail | 6,020 | 349,198 | |||||||||||
Kyocera Corp. |
Electronic Equipment, Instruments & Components | 113,500 | 5,770,645 | |||||||||||
Kyowa Kirin Co. Ltd. |
Pharmaceuticals | 94,000 | 1,640,315 | |||||||||||
Kyudenko Corp. |
Construction & Engineering | 18,800 | 590,362 | |||||||||||
a |
Kyushu Electric Power Co., Inc. |
Electric Utilities | 169,200 | 1,105,965 | ||||||||||
Kyushu Financial Group, Inc. |
Banks | 141,000 | 728,504 | |||||||||||
Kyushu Railway Co. |
Ground Transportation | 56,400 | 1,201,512 | |||||||||||
LaSalle Logiport REIT |
Industrial REITs | 658 | 632,315 | |||||||||||
Lasertec Corp. |
Semiconductors & Semiconductor Equipment | 28,200 | 4,397,480 | |||||||||||
Lawson, Inc. |
Consumer Staples Distribution & Retail | 18,800 | 865,764 |
franklintempleton.com |
Semiannual Report |
227 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Japan (continued) | ||||||||||||||
Lion Corp. |
Household Products | 94,000 | $ | 929,764 | ||||||||||
Lixil Corp. |
Building Products | 94,000 | 1,097,008 | |||||||||||
M3, Inc. |
Health Care Technology | 154,372 | 2,809,679 | |||||||||||
Mabuchi Motor Co. Ltd. |
Electrical Equipment | 18,800 | 563,150 | |||||||||||
Macnica Holdings, Inc. |
Electronic Equipment, Instruments & Components | 18,800 | 885,669 | |||||||||||
Makita Corp. |
Machinery | 94,000 | 2,325,669 | |||||||||||
Mani, Inc. |
Health Care Equipment & Supplies | 18,800 | 228,535 | |||||||||||
Marubeni Corp. |
Trading Companies & Distributors | 573,400 | 8,960,756 | |||||||||||
Marui Group Co. Ltd. |
Consumer Finance | 65,800 | 1,071,496 | |||||||||||
Maruichi Steel Tube Ltd. |
Metals & Mining | 18,800 | 468,661 | |||||||||||
Matsui Securities Co. Ltd. |
Capital Markets | 37,600 | 206,866 | |||||||||||
MatsukiyoCocokara & Co. |
Consumer Staples Distribution & Retail | 141,000 | 2,532,756 | |||||||||||
Mazda Motor Corp. |
Automobiles | 216,200 | 2,457,921 | |||||||||||
McDonald’s Holdings Co. Japan Ltd. |
Hotels, Restaurants & Leisure | 28,200 | 1,079,055 | |||||||||||
Mebuki Financial Group, Inc. |
Banks | 376,000 | 1,042,394 | |||||||||||
Medipal Holdings Corp. |
Health Care Providers & Services | 56,400 | 955,276 | |||||||||||
MEIJI Holdings Co. Ltd. |
Food Products | 94,000 | 2,340,787 | |||||||||||
Menicon Co. Ltd. |
Health Care Equipment & Supplies | 18,800 | 242,394 | |||||||||||
a |
Mercari, Inc. |
Broadline Retail | 47,000 | 1,016,063 | ||||||||||
MINEBEA MITSUMI, Inc. |
Machinery | 150,400 | 2,460,724 | |||||||||||
MISUMI Group, Inc. |
Machinery | 103,400 | 1,618,992 | |||||||||||
Mitsubishi Chemical Group Corp. |
Chemicals | 479,400 | 3,028,517 | |||||||||||
Mitsubishi Corp. |
Trading Companies & Distributors | 432,400 | 20,654,362 | |||||||||||
Mitsubishi Electric Corp. |
Electrical Equipment | 733,200 | 9,084,850 | |||||||||||
Mitsubishi Estate Co. Ltd. |
Real Estate Management & Development | 413,600 | 5,418,583 | |||||||||||
Mitsubishi Gas Chemical Co., Inc. |
Chemicals | 65,800 | 887,402 | |||||||||||
Mitsubishi HC Capital, Inc. |
Financial Services | 235,000 | 1,568,504 | |||||||||||
Mitsubishi Heavy Industries Ltd. |
Machinery | 103,400 | 5,783,055 | |||||||||||
Mitsubishi Logistics Corp. |
Transportation Infrastructure | 18,800 | 500,409 | |||||||||||
Mitsubishi Materials Corp. |
Metals & Mining | 47,000 | 761,890 | |||||||||||
Mitsubishi Motors Corp. |
Automobiles | 235,000 | 1,025,827 | |||||||||||
Mitsubishi UFJ Financial Group, Inc. |
Banks | 4,371,000 | 37,156,063 | |||||||||||
Mitsui & Co. Ltd. |
Trading Companies & Distributors | 554,600 | 20,154,772 | |||||||||||
Mitsui Chemicals, Inc. |
Chemicals | 65,800 | 1,709,543 | |||||||||||
Mitsui Fudosan Co. Ltd. |
Real Estate Management & Development | 338,400 | 7,469,858 | |||||||||||
Mitsui Fudosan Logistics Park, Inc. |
Industrial REITs | 188 | 593,386 | |||||||||||
Mitsui High-Tec, Inc. |
Semiconductors & Semiconductor Equipment | 9,400 | 488,819 | |||||||||||
Mitsui Mining & Smelting Co. Ltd. |
Metals & Mining | 18,800 | 478,110 | |||||||||||
Mitsui OSK Lines Ltd. |
Marine Transportation | 122,200 | 3,365,669 | |||||||||||
Miura Co. Ltd. |
Machinery | 37,600 | 758,425 | |||||||||||
Mizuho Financial Group, Inc. |
Banks | 958,800 | 16,326,425 | |||||||||||
a |
Money Forward, Inc. |
Software | 18,800 | 604,976 | ||||||||||
MonotaRO Co. Ltd. |
Trading Companies & Distributors | 86,680 | 929,679 | |||||||||||
Mori Hills REIT Investment Corp., Class C |
Office REITs | 564 | 535,559 | |||||||||||
Morinaga & Co. Ltd. |
Food Products | 9,400 | 340,283 | |||||||||||
Morinaga Milk Industry Co. Ltd. |
Food Products | 18,800 | 708,913 | |||||||||||
MS&AD Insurance Group Holdings, Inc. |
Insurance | 169,200 | 6,230,551 | |||||||||||
Murata Manufacturing Co. Ltd. |
Electronic Equipment, Instruments & Components | 620,400 | 11,366,551 | |||||||||||
Nabtesco Corp. |
Machinery | 37,600 | 679,433 | |||||||||||
Nagase & Co. Ltd. |
Trading Companies & Distributors | 37,600 | 592,252 | |||||||||||
Nagoya Railroad Co. Ltd. |
Ground Transportation | 75,200 | 1,112,441 | |||||||||||
Nankai Electric Railway Co. Ltd. |
Ground Transportation | 37,600 | 731,339 | |||||||||||
NEC Corp. |
IT Services | 94,000 | 5,203,780 | |||||||||||
NEC Networks & System Integration Corp. |
IT Services | 28,200 | 371,150 | |||||||||||
NET One Systems Co. Ltd. |
IT Services | 28,200 | 536,315 | |||||||||||
Nexon Co. Ltd. |
Entertainment | 150,400 | 2,694,551 | |||||||||||
NGK Insulators Ltd. |
Machinery | 94,000 | 1,248,504 |
228 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Japan (continued) | ||||||||||||||
NH Foods Ltd. |
Food Products | 37,600 | $ | 1,126,551 | ||||||||||
NHK Spring Co. Ltd. |
Automobile Components | 56,400 | 432,378 | |||||||||||
Nichirei Corp. |
Food Products | 37,600 | 827,717 | |||||||||||
NIDEC Corp. |
Electrical Equipment | 197,400 | 9,168,567 | |||||||||||
Nifco, Inc. |
Automobile Components | 28,200 | 731,150 | |||||||||||
Nihon Kohden Corp. |
Health Care Equipment & Supplies | 28,200 | 697,701 | |||||||||||
Nihon M&A Center Holdings, Inc. |
Professional Services | 103,400 | 498,551 | |||||||||||
Nikon Corp. |
Household Durables | 112,800 | 1,191,685 | |||||||||||
Nintendo Co. Ltd. |
Entertainment | 394,800 | 16,482,520 | |||||||||||
Nippon Accommodations Fund, Inc. |
Residential REITs | 188 | 794,961 | |||||||||||
Nippon Building Fund, Inc. |
Office REITs | 564 | 2,290,394 | |||||||||||
Nippon Electric Glass Co. Ltd. |
Electronic Equipment, Instruments & Components | 28,200 | 526,488 | |||||||||||
Nippon Express Holdings, Inc. |
Air Freight & Logistics | 28,200 | 1,474,583 | |||||||||||
Nippon Kayaku Co. Ltd. |
Chemicals | 56,400 | 472,252 | |||||||||||
Nippon Paint Holdings Co. Ltd. |
Chemicals | 376,000 | 2,534,803 | |||||||||||
Nippon Prologis REIT, Inc. |
Industrial REITs | 940 | 1,758,740 | |||||||||||
Nippon Sanso Holdings Corp. |
Chemicals | 56,400 | 1,339,843 | |||||||||||
Nippon Shinyaku Co. Ltd. |
Pharmaceuticals | 18,800 | 797,354 | |||||||||||
Nippon Shokubai Co. Ltd. |
Chemicals | 9,400 | 342,047 | |||||||||||
Nippon Steel Corp. |
Metals & Mining | 310,200 | 7,285,984 | |||||||||||
Nippon Telegraph & Telephone Corp. |
Diversified Telecommunication Services | 10,659,600 | 12,615,080 | |||||||||||
Nippon Yusen KK |
Marine Transportation | 179,270 | 4,668,408 | |||||||||||
Nipro Corp. |
Health Care Equipment & Supplies | 47,000 | 380,787 | |||||||||||
Nishi-Nippon Railroad Co. Ltd. |
Ground Transportation | 28,200 | 468,945 | |||||||||||
Nissan Chemical Corp. |
Chemicals | 48,760 | 2,077,834 | |||||||||||
Nissan Motor Co. Ltd. |
Automobiles | 723,800 | 3,202,715 | |||||||||||
Nisshin Seifun Group, Inc. |
Food Products | 94,000 | 1,200,315 | |||||||||||
Nissin Foods Holdings Co. Ltd. |
Food Products | 28,200 | 2,348,031 | |||||||||||
Niterra Co. Ltd. |
Automobile Components | 75,200 | 1,705,323 | |||||||||||
Nitori Holdings Co. Ltd. |
Specialty Retail | 28,200 | 3,157,795 | |||||||||||
Nitto Denko Corp. |
Chemicals | 56,400 | 3,706,961 | |||||||||||
Noevir Holdings Co. Ltd. |
Personal Care Products | 9,400 | 333,228 | |||||||||||
NOF Corp. |
Chemicals | 28,200 | 1,129,323 | |||||||||||
NOK Corp. |
Automobile Components | 37,600 | 500,283 | |||||||||||
Nomura Holdings, Inc. |
Capital Markets | 1,137,400 | 4,566,368 | |||||||||||
Nomura Real Estate Holdings, Inc. |
Real Estate Management & Development | 37,600 | 945,638 | |||||||||||
Nomura Real Estate Master Fund, Inc. |
Diversified REITs | 1,692 | 1,898,079 | |||||||||||
Nomura Research Institute Ltd. |
IT Services | 159,800 | 4,168,882 | |||||||||||
NS Solutions Corp. |
IT Services | 9,400 | 268,032 | |||||||||||
NSK Ltd. |
Machinery | 159,800 | 900,813 | |||||||||||
NTT Data Group Corp. |
IT Services | 235,000 | 3,156,693 | |||||||||||
Obayashi Corp. |
Construction & Engineering | 253,800 | 2,239,087 | |||||||||||
OBIC Business Consultants Co. Ltd. |
Software | 9,400 | 390,551 | |||||||||||
Obic Co. Ltd. |
IT Services | 25,040 | 3,806,550 | |||||||||||
Odakyu Electric Railway Co. Ltd. |
Ground Transportation | 112,800 | 1,689,071 | |||||||||||
Oji Holdings Corp. |
Paper & Forest Products | 329,000 | 1,386,772 | |||||||||||
OKUMA Corp. |
Machinery | 9,400 | 414,173 | |||||||||||
Olympus Corp. |
Health Care Equipment & Supplies | 460,600 | 5,992,661 | |||||||||||
Omron Corp. |
Electronic Equipment, Instruments & Components | 67,810 | 3,029,581 | |||||||||||
Ono Pharmaceutical Co. Ltd. |
Pharmaceuticals | 159,800 | 3,071,244 | |||||||||||
Open House Group Co. Ltd. |
Household Durables | 28,200 | 958,866 | |||||||||||
Oracle Corp. |
Software | 12,320 | 916,415 | |||||||||||
Orient Corp. |
Consumer Finance | 20,000 | 155,470 | |||||||||||
Oriental Land Co. Ltd. |
Hotels, Restaurants & Leisure | 347,800 | 11,441,449 | |||||||||||
ORIX Corp. |
Financial Services | 441,800 | 8,269,039 | |||||||||||
Orix JREIT, Inc. |
Office REITs | 940 | 1,130,079 | |||||||||||
Osaka Gas Co. Ltd. |
Gas Utilities | 150,400 | 2,481,386 |
franklintempleton.com |
Semiannual Report |
229 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Japan (continued) | ||||||||||||||
OSG Corp. |
Machinery | 28,200 | $ | 332,976 | ||||||||||
Otsuka Corp. |
IT Services | 37,600 | 1,595,465 | |||||||||||
Otsuka Holdings Co. Ltd. |
Pharmaceuticals | 178,600 | 6,358,866 | |||||||||||
PALTAC Corp. |
Distributors | 9,400 | 295,433 | |||||||||||
Pan Pacific International Holdings Corp. |
Broadline Retail | 150,400 | 3,162,709 | |||||||||||
Panasonic Holdings Corp. |
Household Durables | 799,000 | 9,005,984 | |||||||||||
a |
Park24 Co. Ltd. |
Commercial Services & Supplies | 47,000 | 596,850 | ||||||||||
Penta-Ocean Construction Co. Ltd. |
Construction & Engineering | 103,400 | 616,139 | |||||||||||
a |
PeptiDream, Inc. |
Biotechnology | 33,700 | 363,818 | ||||||||||
Persol Holdings Co. Ltd. |
Professional Services | 658,000 | 1,073,260 | |||||||||||
Pigeon Corp. |
Household Products | 37,600 | 425,449 | |||||||||||
Pola Orbis Holdings, Inc. |
Personal Care Products | 28,200 | 339,496 | |||||||||||
Rakus Co. Ltd. |
Software | 37,600 | 519,685 | |||||||||||
Rakuten Group, Inc. |
Broadline Retail | 413,600 | 1,699,301 | |||||||||||
Recruit Holdings Co. Ltd. |
Professional Services | 498,200 | 15,387,528 | |||||||||||
Relo Group, Inc. |
Real Estate Management & Development | 37,600 | 407,811 | |||||||||||
a |
Renesas Electronics Corp. |
Semiconductors & Semiconductor Equipment | 451,200 | 6,910,488 | ||||||||||
Rengo Co. Ltd. |
Containers & Packaging | 75,200 | 517,039 | |||||||||||
Resona Holdings, Inc. |
Banks | 799,000 | 4,434,992 | |||||||||||
Resonac Holdings Corp. |
Chemicals | 65,800 | 1,104,567 | |||||||||||
Resorttrust, Inc. |
Hotels, Restaurants & Leisure | 18,800 | 281,386 | |||||||||||
Ricoh Co. Ltd. |
Technology Hardware, Storage & Peripherals | 216,200 | 1,869,701 | |||||||||||
Rinnai Corp. |
Household Durables | 37,600 | 705,512 | |||||||||||
Rohm Co. Ltd. |
Semiconductors & Semiconductor Equipment | 123,840 | 2,337,794 | |||||||||||
Rohto Pharmaceutical Co. Ltd. |
Personal Care Products | 75,200 | 2,043,465 | |||||||||||
Ryohin Keikaku Co. Ltd. |
Broadline Retail | 94,000 | 1,219,213 | |||||||||||
Sanken Electric Co. Ltd. |
Semiconductors & Semiconductor Equipment | 9,400 | 571,339 | |||||||||||
Sankyo Co. Ltd. |
Leisure Products | 18,800 | 863,496 | |||||||||||
Sankyu, Inc. |
Air Freight & Logistics | 18,800 | 651,465 | |||||||||||
Sanrio Co. Ltd. |
Specialty Retail | 18,800 | 894,488 | |||||||||||
Santen Pharmaceutical Co. Ltd. |
Pharmaceuticals | 122,200 | 1,124,756 | |||||||||||
Sanwa Holdings Corp. |
Building Products | 65,800 | 876,598 | |||||||||||
Sapporo Holdings Ltd. |
Beverages | 18,800 | 599,307 | |||||||||||
Sawai Group Holdings Co. Ltd. |
Pharmaceuticals | 9,400 | 288,378 | |||||||||||
SBI Holdings, Inc. |
Capital Markets | 94,000 | 1,982,992 | |||||||||||
SCREEN Holdings Co. Ltd. |
Semiconductors & Semiconductor Equipment | 30,200 | 1,473,521 | |||||||||||
SCSK Corp. |
IT Services | 47,000 | 821,732 | |||||||||||
Secom Co. Ltd. |
Commercial Services & Supplies | 75,200 | 5,109,921 | |||||||||||
Sega Sammy Holdings, Inc. |
Leisure Products | 56,400 | 1,042,772 | |||||||||||
Seibu Holdings, Inc. |
Ground Transportation | 75,200 | 725,165 | |||||||||||
Seiko Epson Corp. |
Technology Hardware, Storage & Peripherals | 94,000 | 1,480,000 | |||||||||||
Seino Holdings Co. Ltd. |
Ground Transportation | 47,000 | 660,000 | |||||||||||
Sekisui Chemical Co. Ltd. |
Household Durables | 122,200 | 1,763,087 | |||||||||||
Sekisui House Ltd. |
Household Durables | 206,800 | 4,125,606 | |||||||||||
Sekisui House Reit, Inc. |
Diversified REITs | 1,504 | 839,559 | |||||||||||
Seven & i Holdings Co. Ltd. |
Consumer Staples Distribution & Retail | 291,400 | 11,433,386 | |||||||||||
Seven Bank Ltd. |
Banks | 244,400 | 509,191 | |||||||||||
SG Holdings Co. Ltd. |
Air Freight & Logistics | 159,800 | 2,050,709 | |||||||||||
a,b |
Sharp Corp. |
Household Durables | 75,200 | 469,669 | ||||||||||
a |
SHIFT, Inc. |
IT Services | 4,300 | 786,953 | ||||||||||
Shikoku Electric Power Co., Inc. |
Electric Utilities | 56,400 | 386,835 | |||||||||||
Shimadzu Corp. |
Electronic Equipment, Instruments & Components | 103,400 | 2,752,252 | |||||||||||
Shimamura Co. Ltd. |
Specialty Retail | 9,400 | 930,394 | |||||||||||
Shimano, Inc. |
Leisure Products | 28,200 | 3,810,709 | |||||||||||
Shimizu Corp. |
Construction & Engineering | 197,400 | 1,375,087 | |||||||||||
Shin-Etsu Chemical Co. Ltd. |
Chemicals | 727,400 | 21,170,033 | |||||||||||
Shinko Electric Industries Co. Ltd. |
Semiconductors & Semiconductor Equipment | 28,200 | 1,100,409 |
230 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Japan (continued) | ||||||||||||||
Shionogi & Co. Ltd. |
Pharmaceuticals | 103,400 | $ | 4,632,819 | ||||||||||
Ship Healthcare Holdings, Inc. |
Health Care Providers & Services | 28,200 | 428,693 | |||||||||||
Shiseido Co. Ltd. |
Personal Care Products | 145,900 | 5,133,021 | |||||||||||
Shizuoka Financial Group, Inc. |
Banks | 178,600 | 1,458,961 | |||||||||||
SHO-BOND Holdings Co. Ltd. |
Construction & Engineering | 18,800 | 740,283 | |||||||||||
a |
Skylark Holdings Co. Ltd. |
Hotels, Restaurants & Leisure | 84,600 | 1,159,087 | ||||||||||
SMC Corp. |
Machinery | 20,894 | 9,378,322 | |||||||||||
SMS Co. Ltd. |
Professional Services | 18,800 | 320,693 | |||||||||||
Socionext, Inc. |
Semiconductors & Semiconductor Equipment | 13,400 | 1,327,204 | |||||||||||
SoftBank Corp. |
Wireless Telecommunication Services | 1,034,000 | 11,713,701 | |||||||||||
SoftBank Group Corp. |
Wireless Telecommunication Services | 361,300 | 15,338,150 | |||||||||||
Sohgo Security Services Co. Ltd. |
Commercial Services & Supplies | 122,200 | 738,809 | |||||||||||
Sojitz Corp. |
Trading Companies & Distributors | 86,820 | 1,907,160 | |||||||||||
Sompo Holdings, Inc. |
Insurance | 112,800 | 4,862,740 | |||||||||||
Sony Group Corp. |
Household Durables | 464,400 | 38,091,848 | |||||||||||
Sotetsu Holdings, Inc. |
Ground Transportation | 28,200 | 555,780 | |||||||||||
Square Enix Holdings Co. Ltd. |
Entertainment | 28,200 | 968,504 | |||||||||||
Stanley Electric Co. Ltd. |
Automobile Components | 56,400 | 892,913 | |||||||||||
Subaru Corp. |
Automobiles | 225,600 | 4,393,323 | |||||||||||
Sugi Holdings Co. Ltd. |
Consumer Staples Distribution & Retail | 13,120 | 522,338 | |||||||||||
SUMCO Corp. |
Semiconductors & Semiconductor Equipment | 122,200 | 1,596,031 | |||||||||||
Sumitomo Bakelite Co. Ltd. |
Chemicals | 9,400 | 410,898 | |||||||||||
Sumitomo Chemical Co. Ltd. |
Chemicals | 564,000 | 1,538,268 | |||||||||||
Sumitomo Corp. |
Trading Companies & Distributors | 413,600 | 8,270,614 | |||||||||||
Sumitomo Electric Industries Ltd. |
Automobile Components | 282,000 | 3,404,409 | |||||||||||
Sumitomo Forestry Co. Ltd. |
Household Durables | 56,400 | 1,438,488 | |||||||||||
Sumitomo Heavy Industries Ltd. |
Machinery | 37,600 | 955,465 | |||||||||||
Sumitomo Metal Mining Co. Ltd. |
Metals & Mining | 94,000 | 2,771,024 | |||||||||||
Sumitomo Mitsui Financial Group, Inc. |
Banks | 479,400 | 23,602,961 | |||||||||||
Sumitomo Mitsui Trust Holdings, Inc. |
Banks | 131,600 | 4,965,921 | |||||||||||
Sumitomo Pharma Co. Ltd. |
Pharmaceuticals | 65,800 | 236,214 | |||||||||||
Sumitomo Realty & Development Co. Ltd. |
Real Estate Management & Development | 150,400 | 3,916,598 | |||||||||||
Sumitomo Rubber Industries Ltd. |
Automobile Components | 65,800 | 728,000 | |||||||||||
Sundrug Co. Ltd. |
Consumer Staples Distribution & Retail | 24,940 | 677,713 | |||||||||||
Suntory Beverage & Food Ltd. |
Beverages | 47,000 | 1,433,071 | |||||||||||
Suzuken Co. Ltd. |
Health Care Providers & Services | 28,200 | 873,827 | |||||||||||
Suzuki Motor Corp. |
Automobiles | 169,200 | 6,821,291 | |||||||||||
Sysmex Corp. |
Health Care Equipment & Supplies | 71,540 | 3,419,634 | |||||||||||
T&D Holdings, Inc. |
Insurance | 188,000 | 3,109,291 | |||||||||||
Taiheiyo Cement Corp. |
Construction Materials | 47,000 | 834,646 | |||||||||||
Taisei Corp. |
Construction & Engineering | 65,800 | 2,319,811 | |||||||||||
Taisho Pharmaceutical Holdings Co. Ltd. |
Pharmaceuticals | 18,800 | 776,441 | |||||||||||
Taiyo Yuden Co. Ltd. |
Electronic Equipment, Instruments & Components | 47,000 | 1,275,276 | |||||||||||
Takara Bio, Inc. |
Biotechnology | 18,800 | 174,236 | |||||||||||
Takara Holdings, Inc. |
Beverages | 65,800 | 529,575 | |||||||||||
Takashimaya Co. Ltd. |
Broadline Retail | 47,000 | 689,134 | |||||||||||
Takeda Pharmaceutical Co. Ltd. |
Pharmaceuticals | 573,400 | 17,833,134 | |||||||||||
TBS Holdings, Inc. |
Media | 9,400 | 158,394 | |||||||||||
TDK Corp. |
Electronic Equipment, Instruments & Components | 133,800 | 4,969,138 | |||||||||||
TechnoPro Holdings, Inc. |
Professional Services | 38,760 | 844,941 | |||||||||||
Teijin Ltd. |
Chemicals | 65,800 | 640,693 | |||||||||||
Terumo Corp. |
Health Care Equipment & Supplies | 244,400 | 6,490,583 | |||||||||||
THK Co. Ltd. |
Machinery | 47,000 | 860,945 | |||||||||||
TIS, Inc. |
IT Services | 84,600 | 1,866,898 | |||||||||||
Tobu Railway Co. Ltd. |
Ground Transportation | 75,200 | 1,936,126 | |||||||||||
Toda Corp. |
Construction & Engineering | 84,600 | 458,986 | |||||||||||
Toei Animation Co. Ltd. |
Entertainment | 1,500 | 132,887 |
franklintempleton.com |
Semiannual Report |
231 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Japan (continued) | ||||||||||||||
Toho Co. Ltd. |
Entertainment | 37,600 | $ | 1,285,543 | ||||||||||
Toho Gas Co. Ltd. |
Gas Utilities | 37,600 | 657,008 | |||||||||||
Tohoku Electric Power Co., Inc. |
Electric Utilities | 178,600 | 1,158,072 | |||||||||||
Tokai Carbon Co. Ltd. |
Chemicals | 75,200 | 590,110 | |||||||||||
Tokio Marine Holdings, Inc. |
Insurance | 695,600 | 16,151,811 | |||||||||||
Tokyo Century Corp. |
Financial Services | 28,200 | 1,127,433 | |||||||||||
a |
Tokyo Electric Power Co. Holdings, Inc. |
Electric Utilities | 582,800 | 2,612,006 | ||||||||||
Tokyo Electron Ltd. |
Semiconductors & Semiconductor Equipment | 166,484 | 22,804,041 | |||||||||||
Tokyo Gas Co. Ltd. |
Gas Utilities | 150,400 | 3,417,701 | |||||||||||
Tokyo Ohka Kogyo Co. Ltd. |
Chemicals | 12,500 | 745,183 | |||||||||||
Tokyo Seimitsu Co. Ltd. |
Semiconductors & Semiconductor Equipment | 18,800 | 943,622 | |||||||||||
Tokyo Tatemono Co. Ltd. |
Real Estate Management & Development | 75,200 | 1,042,142 | |||||||||||
Tokyu Corp. |
Ground Transportation | 216,200 | 2,497,764 | |||||||||||
Tokyu Fudosan Holdings Corp. |
Real Estate Management & Development | 225,600 | 1,389,354 | |||||||||||
TOPPAN, Inc. |
Commercial Services & Supplies | 103,400 | 2,477,165 | |||||||||||
Toray Industries, Inc. |
Chemicals | 564,000 | 2,940,472 | |||||||||||
a |
Toshiba Corp. |
Industrial Conglomerates | 28,200 | 869,858 | ||||||||||
Toshiba TEC Corp. |
Technology Hardware, Storage & Peripherals | 9,400 | 215,118 | |||||||||||
Tosoh Corp. |
Chemicals | 103,400 | 1,329,008 | |||||||||||
TOTO Ltd. |
Building Products | 56,400 | 1,460,031 | |||||||||||
Toyo Seikan Group Holdings Ltd. |
Containers & Packaging | 56,400 | 925,039 | |||||||||||
Toyo Suisan Kaisha Ltd. |
Food Products | 37,600 | 1,477,795 | |||||||||||
Toyo Tire Corp. |
Automobile Components | 37,600 | 580,031 | |||||||||||
Toyoda Gosei Co. Ltd. |
Automobile Components | 28,200 | 606,992 | |||||||||||
Toyota Boshoku Corp. |
Automobile Components | 18,800 | 343,433 | |||||||||||
Toyota Industries Corp. |
Machinery | 60,400 | 4,766,024 | |||||||||||
Toyota Motor Corp. |
Automobiles | 4,502,600 | 80,788,819 | |||||||||||
Toyota Tsusho Corp. |
Trading Companies & Distributors | 84,600 | 4,986,142 | |||||||||||
Trend Micro, Inc. |
Software | 47,000 | 1,785,197 | |||||||||||
TS Tech Co. Ltd. |
Automobile Components | 37,600 | 427,339 | |||||||||||
Tsumura & Co. |
Pharmaceuticals | 28,200 | 525,354 | |||||||||||
Tsuruha Holdings, Inc. |
Consumer Staples Distribution & Retail | 13,750 | 925,574 | |||||||||||
UBE Corp. |
Chemicals | 37,600 | 635,339 | |||||||||||
Ulvac, Inc. |
Semiconductors & Semiconductor Equipment | 18,800 | 679,685 | |||||||||||
Unicharm Corp. |
Household Products | 141,000 | 4,999,370 | |||||||||||
United Urban Investment Corp. |
Diversified REITs | 1,128 | 1,176,945 | |||||||||||
Ushio, Inc. |
Electrical Equipment | 37,600 | 457,701 | |||||||||||
USS Co. Ltd. |
Specialty Retail | 75,200 | 1,245,984 | |||||||||||
Welcia Holdings Co. Ltd. |
Consumer Staples Distribution & Retail | 37,600 | 650,961 | |||||||||||
West Japan Railway Co. |
Ground Transportation | 84,600 | 3,506,457 | |||||||||||
Workman Co. Ltd. |
Specialty Retail | 18,800 | 572,598 | |||||||||||
Yakult Honsha Co. Ltd. |
Food Products | 94,000 | 2,288,504 | |||||||||||
Yamada Holdings Co. Ltd. |
Specialty Retail | 197,400 | 607,843 | |||||||||||
Yamaguchi Financial Group, Inc. |
Banks | 75,200 | 660,409 | |||||||||||
Yamaha Corp. |
Leisure Products | 56,400 | 1,544,315 | |||||||||||
Yamaha Motor Co. Ltd. |
Automobiles | 112,800 | 2,971,465 | |||||||||||
Yamato Holdings Co. Ltd. |
Air Freight & Logistics | 122,200 | 1,994,016 | |||||||||||
Yamato Kogyo Co. Ltd. |
Metals & Mining | 9,400 | 450,142 | |||||||||||
Yamazaki Baking Co. Ltd. |
Food Products | 47,000 | 865,512 | |||||||||||
Yaoko Co. Ltd. |
Consumer Staples Distribution & Retail | 9,400 | 484,346 | |||||||||||
Yaskawa Electric Corp. |
Machinery | 94,000 | 3,398,425 | |||||||||||
Yokogawa Electric Corp. |
Electronic Equipment, Instruments & Components | 94,000 | 1,819,528 | |||||||||||
Yokohama Rubber Co. Ltd. |
Automobile Components | 47,000 | 980,157 | |||||||||||
Z Holdings Corp. |
Interactive Media & Services | 977,600 | 2,722,016 | |||||||||||
Zenkoku Hosho Co. Ltd. |
Financial Services | 18,800 | 618,709 | |||||||||||
Zensho Holdings Co. Ltd. |
Hotels, Restaurants & Leisure | 37,600 | 1,637,291 | |||||||||||
Zeon Corp. |
Chemicals | 56,400 | 590,740 |
232 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Japan (continued) | ||||||||||||||
ZOZO, Inc. |
Specialty Retail | 37,600 | $ | 691,024 | ||||||||||
|
|
|||||||||||||
Total Common Stocks (Cost $1,553,806,149) |
|
1,481,774,396 | ||||||||||||
|
|
|||||||||||||
Total
Investments before Short-Term Investments |
1,481,774,396 | |||||||||||||
|
|
|||||||||||||
Short-Term Investments 0.1% | ||||||||||||||
Investments
from Cash Collateral Received for Loaned |
|
|||||||||||||
United States 0.1% | ||||||||||||||
c.d |
Institutional Fiduciary Trust - Money Market Portfolio, 5.15% |
Money Market Funds | 934,680 | 934,680 | ||||||||||
|
|
|||||||||||||
Money Market Funds 0.0%† | ||||||||||||||
United States 0.0%† | ||||||||||||||
c.d |
Institutional Fiduciary Trust - Money Market Portfolio, 5.15% |
Money Market Funds | 8,156 | 8,156 | ||||||||||
|
|
|||||||||||||
Total Short-Term Investments (Cost $942,836) |
942,836 | |||||||||||||
|
|
|||||||||||||
Total Investments (Cost $1,554,748,985) 99.2% |
|
1,482,717,232 | ||||||||||||
Other Assets, less Liabilities 0.8% |
12,031,094 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 1,494,748,326 | ||||||||||||
|
|
†Rounds to less than 0.1% of net assets.
aNon-income producing.
bA portion or all of the security is on loan at September 30, 2023 Note 1(c).
cThe rate shown is the annualized seven-day effective yield at period end.
dSee Note 3(c) regarding investments in affiliated management investment companies.
At September 30, 2023, the Fund had the following futures contracts outstanding. See Note 1(c).
Futures Contracts | ||||||||||||||||||||
Description | Type | Number of Contracts |
Notional Amount* |
Expiration Date |
Value/Unrealized Appreciation (Depreciation) |
|||||||||||||||
Index Contracts | ||||||||||||||||||||
NIKKEI 225 (OSE) DEC23 |
Long | 55 | $ | 11,742,670 | 12/07/23 | $(104,623) |
*As of period end.
See Note 7 regarding other derivative information.
See Abbreviations on page 324.
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
233 |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE Japan Hedged ETF
Six Months Ended September 30, 2023 (unaudited) |
Year Ended March 31, | |||||||||||||||||||||||
2023 | 2022 | 2021 | 2020 | 2019 | ||||||||||||||||||||
Per share operating performance (for a share outstanding throughout the period) |
||||||||||||||||||||||||
Net asset value, beginning of period |
$26.57 | $30.90 | $30.70 | $21.35 | $23.12 | $25.11 | ||||||||||||||||||
|
|
|||||||||||||||||||||||
Income from investment operationsa: | ||||||||||||||||||||||||
Net investment incomeb |
0.46 | 0.58 | 0.68 | 0.88 | 0.38 | 0.38 | ||||||||||||||||||
Net realized and unrealized gains (losses) |
4.89 | 1.56 | (0.08 | ) | 8.47 | (2.15 | ) | (1.11 | ) | |||||||||||||||
|
|
|||||||||||||||||||||||
Total from investment operations |
5.35 | 2.14 | 0.60 | 9.35 | (1.77 | ) | (0.73 | ) | ||||||||||||||||
|
|
|||||||||||||||||||||||
Less distributions from: | ||||||||||||||||||||||||
Net investment income |
(0.32 | ) | (0.92 | ) | (0.40 | ) | — | — | (0.01 | ) | ||||||||||||||
Net realized gains |
— | (5.55 | ) | — | — | — | (1.25 | ) | ||||||||||||||||
|
|
|||||||||||||||||||||||
Total distributions |
(0.32 | ) | (6.47) | (0.40) | — | — | (1.26 | ) | ||||||||||||||||
|
|
|||||||||||||||||||||||
Net asset value, end of period |
$31.60 | $26.57 | $30.90 | $30.70 | $21.35 | $23.12 | ||||||||||||||||||
|
|
|||||||||||||||||||||||
Total returnc |
20.21% | 8.15% | 1.93% | 43.84% | (7.66)% | (2.59)% | ||||||||||||||||||
Ratios to average net assetsd | ||||||||||||||||||||||||
Expenses before waiver and payments by affiliates |
0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | ||||||||||||||||||
Expenses net of waiver and payments by affiliates |
0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | ||||||||||||||||||
Net investment income |
3.03% | 1.99% | 2.22% | 3.29% | 1.59% | 1.51% | ||||||||||||||||||
Supplemental data | ||||||||||||||||||||||||
Net assets, end of period (000’s) |
$249,663 | $13,284 | $24,720 | $24,563 | $4,269 | $13,870 | ||||||||||||||||||
Portfolio turnover ratee |
6.41%f | 31.96%f | 5.46%f | 6.31%f | 10.06%f | 19.78% | ||||||||||||||||||
aThe amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations for the period due to the timing of sales and repurchases of Creation Unit Fund shares in relation to income earned and/or fluctuating fair value of the investments of the Fund.
bBased on average daily shares outstanding.
cTotal return is not annualized for periods less than one year. Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period.
dRatios are annualized for periods less than one year.
ePortfolio turnover rate includes portfolio transactions that are executed as a result of the Fund offering and redeeming Creation Units solely for cash (“Cash creations”). |
| |||||||||||||||||||||||
fPortfolio turnover rate excluding cash creations was as follows: | 6.41% | 31.39% | 5.03% | 6.31% | 10.06% | — |
234 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Schedule of Investments, September 30, 2023 (unaudited)
Franklin FTSE Japan Hedged ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 99.0% |
| |||||||||||||
Japan 99.0% | ||||||||||||||
ABC-Mart, Inc. |
Specialty Retail | 4,857 | $ | 87,489 | ||||||||||
Acom Co. Ltd. |
Consumer Finance | 23,700 | 55,397 | |||||||||||
Activia Properties, Inc. |
Diversified REITs | 46 | 127,157 | |||||||||||
Advance Residence Investment Corp. |
Residential REITs | 79 | 179,467 | |||||||||||
Advantest Corp. |
Semiconductors & Semiconductor Equipment | 46,264 | 1,296,229 | |||||||||||
Aeon Co. Ltd. |
Consumer Staples Distribution & Retail | 44,544 | 884,313 | |||||||||||
AEON Financial Service Co. Ltd. |
Consumer Finance | 7,257 | 62,661 | |||||||||||
Aeon Mall Co. Ltd. |
Real Estate Management & Development | 7,410 | 87,396 | |||||||||||
AEON REIT Investment Corp. |
Retail REITs | 111 | 108,973 | |||||||||||
AGC, Inc. |
Building Products | 11,223 | 394,394 | |||||||||||
Aica Kogyo Co. Ltd. |
Chemicals | 3,223 | 72,073 | |||||||||||
Ain Holdings, Inc. |
Consumer Staples Distribution & Retail | 1,780 | 52,604 | |||||||||||
Air Water, Inc. |
Chemicals | 11,107 | 138,665 | |||||||||||
Aisin Corp. |
Automobile Components | 10,811 | 409,329 | |||||||||||
Ajinomoto Co., Inc. |
Food Products | 28,911 | 1,116,723 | |||||||||||
Alfresa Holdings Corp. |
Health Care Providers & Services | 10,158 | 167,116 | |||||||||||
Alps Alpine Co. Ltd. |
Electronic Equipment, Instruments & Components | 12,476 | 108,478 | |||||||||||
Amada Co. Ltd. |
Machinery | 19,407 | 195,663 | |||||||||||
Amano Corp. |
Electronic Equipment, Instruments & Components | 4,093 | 90,020 | |||||||||||
Amvis Holdings, Inc. |
Health Care Providers & Services | 1,380 | 24,072 | |||||||||||
a |
ANA Holdings, Inc. |
Passenger Airlines | 9,822 | 206,214 | ||||||||||
Anritsu Corp. |
Electronic Equipment, Instruments & Components | 8,400 | 60,090 | |||||||||||
Aozora Bank Ltd. |
Banks | 7,072 | 144,781 | |||||||||||
Ariake Japan Co. Ltd. |
Food Products | 1,048 | 35,634 | |||||||||||
As One Corp. |
Health Care Providers & Services | 1,501 | 54,920 | |||||||||||
Asahi Group Holdings Ltd. |
Beverages | 30,471 | 1,141,450 | |||||||||||
Asahi Intecc Co. Ltd. |
Health Care Equipment & Supplies | 12,245 | 220,570 | |||||||||||
Asahi Kasei Corp. |
Chemicals | 77,500 | 488,137 | |||||||||||
Asics Corp. |
Textiles, Apparel & Luxury Goods | 10,669 | 373,424 | |||||||||||
ASKUL Corp. |
Broadline Retail | 2,370 | 31,129 | |||||||||||
Astellas Pharma, Inc. |
Pharmaceuticals | 112,900 | 1,569,138 | |||||||||||
Azbil Corp. |
Electronic Equipment, Instruments & Components | 7,905 | 242,514 | |||||||||||
AZ-COM MARUWA Holdings, Inc. |
Air Freight & Logistics | 2,449 | 34,924 | |||||||||||
Bandai Namco Holdings, Inc. |
Leisure Products | 36,763 | 749,426 | |||||||||||
a |
Bank of Kyoto Ltd. |
Banks | 4,334 | 244,632 | ||||||||||
BayCurrent Consulting, Inc. |
Professional Services | 8,400 | 281,342 | |||||||||||
Benefit One, Inc. |
Professional Services | 3,559 | 25,794 | |||||||||||
Benesse Holdings, Inc. |
Diversified Consumer Services | 4,487 | 55,011 | |||||||||||
Bic Camera, Inc. |
Specialty Retail | 9,100 | 67,263 | |||||||||||
BIPROGY, Inc. |
IT Services | 3,992 | 99,890 | |||||||||||
Bridgestone Corp. |
Automobile Components | 35,191 | 1,374,624 | |||||||||||
Brother Industries Ltd. |
Technology Hardware, Storage & Peripherals | 14,546 | 234,773 | |||||||||||
Calbee, Inc. |
Food Products | 4,387 | 83,609 | |||||||||||
Canon Marketing Japan, Inc. |
Electronic Equipment, Instruments & Components | 2,894 | 75,189 | |||||||||||
Canon, Inc. |
Technology Hardware, Storage & Peripherals | 59,648 | 1,440,985 | |||||||||||
Capcom Co. Ltd. |
Entertainment | 11,143 | 402,111 | |||||||||||
Casio Computer Co. Ltd. |
Household Durables | 12,840 | 107,857 | |||||||||||
Central Japan Railway Co. |
Ground Transportation | 56,865 | 1,385,185 | |||||||||||
Chiba Bank Ltd. |
Banks | 37,360 | 272,267 | |||||||||||
Chubu Electric Power Co., Inc. |
Electric Utilities | 43,770 | 559,353 | |||||||||||
Chugai Pharmaceutical Co. Ltd. |
Pharmaceuticals | 40,792 | 1,264,012 | |||||||||||
Chugin Financial Group, Inc. |
Banks | 10,100 | 75,568 | |||||||||||
Chugoku Electric Power Co., Inc. |
Electric Utilities | 18,880 | 116,411 | |||||||||||
Coca-Cola Bottlers Japan Holdings, Inc. |
Beverages | 8,800 | 115,938 | |||||||||||
COMSYS Holdings Corp. |
Construction & Engineering | 6,766 | 141,736 | |||||||||||
Concordia Financial Group Ltd. |
Banks | 67,900 | 310,094 | |||||||||||
Cosmo Energy Holdings Co. Ltd. |
Oil, Gas & Consumable Fuels | 5,134 | 180,967 |
franklintempleton.com |
Semiannual Report |
235 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Japan Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
| |||||||||||||
Japan (continued) | ||||||||||||||
Cosmos Pharmaceutical Corp. |
Consumer Staples Distribution & Retail | 1,134 | $ | 116,231 | ||||||||||
Credit Saison Co. Ltd. |
Consumer Finance | 10,177 | 161,666 | |||||||||||
CyberAgent, Inc. |
Media | 26,200 | 141,565 | |||||||||||
Dai Nippon Printing Co. Ltd. |
Commercial Services & Supplies | 15,800 | 411,875 | |||||||||||
Daicel Corp. |
Chemicals | 15,800 | 132,456 | |||||||||||
Daido Steel Co. Ltd. |
Metals & Mining | 2,154 | 87,777 | |||||||||||
Daifuku Co. Ltd. |
Machinery | 18,225 | 345,570 | |||||||||||
Dai-ichi Life Holdings, Inc. |
Insurance | 59,000 | 1,224,480 | |||||||||||
Daiichi Sankyo Co. Ltd. |
Pharmaceuticals | 118,000 | 3,246,829 | |||||||||||
Daiichikosho Co. Ltd. |
Entertainment | 4,914 | 79,938 | |||||||||||
Daikin Industries Ltd. |
Building Products | 16,600 | 2,611,392 | |||||||||||
Daio Paper Corp. |
Paper & Forest Products | 4,977 | 40,823 | |||||||||||
Daito Trust Construction Co. Ltd. |
Real Estate Management & Development | 4,079 | 430,519 | |||||||||||
Daiwa House Industry Co. Ltd. |
Real Estate Management & Development | 40,397 | 1,086,909 | |||||||||||
Daiwa House REIT Investment Corp. |
Diversified REITs | 133 | 235,117 | |||||||||||
Daiwa Office Investment Corp. |
Office REITs | 17 | 76,100 | |||||||||||
Daiwa Securities Group, Inc. |
Capital Markets | 89,700 | 518,814 | |||||||||||
Daiwa Securities Living Investments Corp. |
Residential REITs | 126 | 93,640 | |||||||||||
DeNA Co. Ltd. |
Entertainment | 5,240 | 52,760 | |||||||||||
Denka Co. Ltd. |
Chemicals | 5,442 | 98,574 | |||||||||||
Denso Corp. |
Automobile Components | 110,600 | 1,779,532 | |||||||||||
Dentsu Group, Inc. |
Media | 12,881 | 379,805 | |||||||||||
Descente Ltd. |
Textiles, Apparel & Luxury Goods | 2,412 | 69,261 | |||||||||||
DIC Corp. |
Chemicals | 5,119 | 83,307 | |||||||||||
Disco Corp. |
Semiconductors & Semiconductor Equipment | 5,243 | 969,020 | |||||||||||
DMG Mori Co. Ltd. |
Machinery | 6,462 | 110,121 | |||||||||||
Dowa Holdings Co. Ltd. |
Metals & Mining | 2,820 | 87,893 | |||||||||||
East Japan Railway Co. |
Ground Transportation | 22,609 | 1,296,163 | |||||||||||
Ebara Corp. |
Machinery | 5,708 | 268,101 | |||||||||||
Eisai Co. Ltd. |
Pharmaceuticals | 16,600 | 923,749 | |||||||||||
Electric Power Development Co. Ltd. |
Independent Power Producers & Energy Traders | 10,370 | 168,033 | |||||||||||
ENEOS Holdings, Inc. |
Oil, Gas & Consumable Fuels | 176,100 | 696,139 | |||||||||||
EXEO Group, Inc. |
Construction & Engineering | 6,146 | 126,194 | |||||||||||
Ezaki Glico Co. Ltd. |
Food Products | 3,123 | 85,910 | |||||||||||
Fancl Corp. |
Personal Care Products | 4,228 | 64,713 | |||||||||||
FANUC Corp. |
Machinery | 59,900 | 1,562,679 | |||||||||||
Fast Retailing Co. Ltd. |
Specialty Retail | 9,672 | 2,112,317 | |||||||||||
Food & Life Cos. Ltd. |
Hotels, Restaurants & Leisure | 6,378 | 107,450 | |||||||||||
FP Corp. |
Containers & Packaging | 2,668 | 42,954 | |||||||||||
Frontier Real Estate Investment Corp. |
Retail REITs | 30 | 91,975 | |||||||||||
Fuji Electric Co. Ltd. |
Electrical Equipment | 7,900 | 357,135 | |||||||||||
Fuji Kyuko Co. Ltd. |
Hotels, Restaurants & Leisure | 1,443 | 45,014 | |||||||||||
Fuji Media Holdings, Inc. |
Media | 2,586 | 27,762 | |||||||||||
Fuji Oil Holdings, Inc. |
Food Products | 2,686 | 40,814 | |||||||||||
FUJIFILM Holdings Corp. |
Technology Hardware, Storage & Peripherals | 22,272 | 1,292,216 | |||||||||||
Fujikura Ltd. |
Electrical Equipment | 16,600 | 133,657 | |||||||||||
Fujitsu General Ltd. |
Household Durables | 3,439 | 64,678 | |||||||||||
Fujitsu Ltd. |
IT Services | 11,156 | 1,315,769 | |||||||||||
Fukuoka Financial Group, Inc. |
Banks | 10,026 | 240,463 | |||||||||||
Furukawa Electric Co. Ltd. |
Electrical Equipment | 3,834 | 61,200 | |||||||||||
Fuyo General Lease Co. Ltd. |
Financial Services | 1,185 | 95,689 | |||||||||||
GLP J-Reit |
Industrial REITs | 292 | 261,621 | |||||||||||
GMO internet group, Inc. |
IT Services | 3,576 | 55,476 | |||||||||||
GMO Payment Gateway, Inc. |
Financial Services | 2,566 | 140,608 | |||||||||||
Goldwin, Inc. |
Textiles, Apparel & Luxury Goods | 2,233 | 151,735 | |||||||||||
GS Yuasa Corp. |
Electrical Equipment | 4,703 | 83,928 | |||||||||||
GungHo Online Entertainment, Inc. |
Entertainment | 1,875 | 29,659 |
236 |
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franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Japan Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
| |||||||||||||
Japan (continued) | ||||||||||||||
Hachijuni Bank Ltd. |
Banks | 31,600 | $ | 174,681 | ||||||||||
Hakuhodo DY Holdings, Inc. |
Media | 14,720 | 121,282 | |||||||||||
Hamamatsu Photonics KK |
Electronic Equipment, Instruments & Components | 7,900 | 333,470 | |||||||||||
Hankyu Hanshin Holdings, Inc. |
Ground Transportation | 13,613 | 465,337 | |||||||||||
Harmonic Drive Systems, Inc. |
Machinery | 3,001 | 66,767 | |||||||||||
Haseko Corp. |
Household Durables | 16,105 | 205,812 | |||||||||||
Heiwa Corp. |
Hotels, Restaurants & Leisure | 3,323 | 47,766 | |||||||||||
Hikari Tsushin, Inc. |
Industrial Conglomerates | 1,377 | 210,160 | |||||||||||
a |
Hino Motors Ltd. |
Machinery | 16,800 | 64,273 | ||||||||||
Hirogin Holdings, Inc. |
Banks | 17,800 | 109,406 | |||||||||||
Hirose Electric Co. Ltd. |
Electronic Equipment, Instruments & Components | 1,947 | 225,981 | |||||||||||
Hisamitsu Pharmaceutical Co., Inc. |
Pharmaceuticals | 4,158 | 151,775 | |||||||||||
Hitachi Construction Machinery Co. Ltd. |
Machinery | 6,620 | 201,672 | |||||||||||
Hitachi Ltd. |
Industrial Conglomerates | 56,336 | 3,501,534 | |||||||||||
Honda Motor Co. Ltd. |
Automobiles | 309,393 | 3,487,345 | |||||||||||
Horiba Ltd. |
Electronic Equipment, Instruments & Components | 2,370 | 128,549 | |||||||||||
Hoshizaki Corp. |
Machinery | 7,123 | 247,974 | |||||||||||
House Foods Group, Inc. |
Food Products | 4,387 | 91,723 | |||||||||||
Hoya Corp. |
Health Care Equipment & Supplies | 21,440 | 2,201,829 | |||||||||||
Hulic Co. Ltd. |
Real Estate Management & Development | 25,900 | 232,749 | |||||||||||
Ibiden Co. Ltd. |
Electronic Equipment, Instruments & Components | 6,723 | 358,800 | |||||||||||
Idemitsu Kosan Co. Ltd. |
Oil, Gas & Consumable Fuels | 14,113 | 325,150 | |||||||||||
IHI Corp. |
Machinery | 7,900 | 165,967 | |||||||||||
Iida Group Holdings Co. Ltd. |
Household Durables | 8,700 | 144,966 | |||||||||||
Industrial & Infrastructure Fund Investment Corp. |
Industrial REITs | 119 | 110,208 | |||||||||||
Information Services International-Dentsu Ltd. |
IT Services | 1,443 | 55,312 | |||||||||||
INFRONEER Holdings, Inc. |
Construction & Engineering | 13,793 | 143,083 | |||||||||||
Inpex Corp. |
Oil, Gas & Consumable Fuels | 58,600 | 885,921 | |||||||||||
Internet Initiative Japan, Inc. |
Diversified Telecommunication Services | 6,582 | 106,631 | |||||||||||
Invincible Investment Corp. |
Hotel & Resort REITs | 421 | 174,353 | |||||||||||
Isetan Mitsukoshi Holdings Ltd. |
Broadline Retail | 21,940 | 254,576 | |||||||||||
Isuzu Motors Ltd. |
Automobiles | 32,300 | 407,037 | |||||||||||
Ito En Ltd. |
Beverages | 3,497 | 112,696 | |||||||||||
ITOCHU Corp. |
Trading Companies & Distributors | 83,200 | 3,014,101 | |||||||||||
Itochu Techno-Solutions Corp. |
IT Services | 2,788 | 80,581 | |||||||||||
Itoham Yonekyu Holdings, Inc. |
Food Products | 1,580 | 42,882 | |||||||||||
Iwatani Corp. |
Oil, Gas & Consumable Fuels | 3,148 | 158,956 | |||||||||||
Iyogin Holdings, Inc. |
Banks | 15,800 | 113,821 | |||||||||||
Izumi Co. Ltd. |
Broadline Retail | 2,491 | 66,087 | |||||||||||
J Front Retailing Co. Ltd. |
Broadline Retail | 15,800 | 161,891 | |||||||||||
Japan Airlines Co. Ltd. |
Passenger Airlines | 9,200 | 179,284 | |||||||||||
Japan Airport Terminal Co. Ltd. |
Transportation Infrastructure | 3,360 | 142,686 | |||||||||||
Japan Aviation Electronics Industry Ltd. |
Electronic Equipment, Instruments & Components | 2,686 | 53,585 | |||||||||||
Japan Exchange Group, Inc. |
Capital Markets | 32,826 | 610,215 | |||||||||||
Japan Hotel REIT Investment Corp. |
Hotel & Resort REITs | 281 | 147,067 | |||||||||||
Japan Logistics Fund, Inc. |
Industrial REITs | 55 | 106,849 | |||||||||||
Japan Metropolitan Fund Invest |
Retail REITs | 431 | 280,161 | |||||||||||
Japan Post Bank Co. Ltd. |
Banks | 90,775 | 791,411 | |||||||||||
Japan Post Holdings Co. Ltd. |
Insurance | 130,500 | 1,047,236 | |||||||||||
Japan Post Insurance Co. Ltd. |
Insurance | 11,842 | 200,018 | |||||||||||
Japan Prime Realty Investment Corp. |
Office REITs | 58 | 140,312 | |||||||||||
Japan Real Estate Investment Corp. |
Office REITs | 84 | 328,176 | |||||||||||
Japan Steel Works Ltd. |
Machinery | 3,895 | 72,484 | |||||||||||
Japan Tobacco, Inc. |
Tobacco | 74,368 | 1,714,364 | |||||||||||
JCR Pharmaceuticals Co. Ltd. |
Pharmaceuticals | 3,560 | 35,678 | |||||||||||
Jeol Ltd. |
Health Care Equipment & Supplies | 2,628 | 78,510 |
franklintempleton.com |
Semiannual Report |
237 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Japan Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
| |||||||||||||
Japan (continued) | ||||||||||||||
JFE Holdings, Inc. |
Metals & Mining | 35,600 | $ | 522,698 | ||||||||||
JGC Holdings Corp. |
Construction & Engineering | 13,240 | 184,504 | |||||||||||
JMDC, Inc. |
Health Care Technology | 1,917 | 69,871 | |||||||||||
JSR Corp. |
Chemicals | 11,002 | 296,164 | |||||||||||
JTEKT Corp. |
Automobile Components | 14,130 | 133,606 | |||||||||||
Justsystems Corp. |
Software | 2,175 | 43,711 | |||||||||||
Kadokawa Corp. |
Media | 5,651 | 113,304 | |||||||||||
Kagome Co. Ltd. |
Food Products | 4,803 | 104,445 | |||||||||||
Kajima Corp. |
Construction & Engineering | 26,600 | 433,782 | |||||||||||
Kakaku.com, Inc. |
Interactive Media & Services | 7,900 | 80,310 | |||||||||||
Kamigumi Co. Ltd. |
Transportation Infrastructure | 5,718 | 118,019 | |||||||||||
Kandenko Co. Ltd. |
Construction & Engineering | 6,320 | 58,319 | |||||||||||
Kaneka Corp. |
Chemicals | 3,755 | 97,684 | |||||||||||
Kansai Electric Power Co., Inc. |
Electric Utilities | 45,534 | 633,921 | |||||||||||
Kansai Paint Co. Ltd. |
Chemicals | 11,649 | 166,860 | |||||||||||
Kao Corp. |
Personal Care Products | 28,492 | 1,059,870 | |||||||||||
Katitas Co. Ltd. |
Real Estate Management & Development | 2,964 | 43,261 | |||||||||||
Kawasaki Heavy Industries Ltd. |
Machinery | 9,200 | 223,180 | |||||||||||
Kawasaki Kisen Kaisha Ltd. |
Marine Transportation | 13,677 | 467,800 | |||||||||||
KDDI Corp. |
Wireless Telecommunication Services | 100,000 | 3,067,180 | |||||||||||
Keihan Holdings Co. Ltd. |
Industrial Conglomerates | 6,167 | 163,985 | |||||||||||
Keikyu Corp. |
Ground Transportation | 15,800 | 134,521 | |||||||||||
Keio Corp. |
Ground Transportation | 7,194 | 247,891 | |||||||||||
Keisei Electric Railway Co. Ltd. |
Ground Transportation | 8,700 | 302,000 | |||||||||||
Kenedix Office Investment Corp. |
Office REITs | 47 | 108,976 | |||||||||||
Kewpie Corp. |
Food Products | 6,562 | 105,691 | |||||||||||
Keyence Corp. |
Electronic Equipment, Instruments & Components | 12,200 | 4,537,443 | |||||||||||
Kikkoman Corp. |
Food Products | 11,459 | 602,341 | |||||||||||
Kinden Corp. |
Construction & Engineering | 7,900 | 115,198 | |||||||||||
Kintetsu Group Holdings Co. Ltd. |
Ground Transportation | 11,210 | 318,365 | |||||||||||
Kirin Holdings Co. Ltd. |
Beverages | 46,565 | 653,111 | |||||||||||
Kobayashi Pharmaceutical Co. Ltd. |
Personal Care Products | 3,755 | 167,965 | |||||||||||
Kobe Bussan Co. Ltd. |
Consumer Staples Distribution & Retail | 8,800 | 206,754 | |||||||||||
Kobe Steel Ltd. |
Metals & Mining | 20,714 | 270,542 | |||||||||||
Koei Tecmo Holdings Co. Ltd. |
Entertainment | 9,100 | 129,617 | |||||||||||
Koito Manufacturing Co. Ltd. |
Automobile Components | 14,089 | 213,046 | |||||||||||
Kokuyo Co. Ltd. |
Commercial Services & Supplies | 5,107 | 81,161 | |||||||||||
Komatsu Ltd. |
Machinery | 57,446 | 1,556,403 | |||||||||||
Konami Group Corp. |
Entertainment | 5,932 | 313,524 | |||||||||||
a |
Konica Minolta, Inc. |
Technology Hardware, Storage & Peripherals | 31,600 | 103,022 | ||||||||||
Kose Corp. |
Personal Care Products | 1,840 | 133,846 | |||||||||||
Kotobuki Spirits Co. Ltd. |
Food Products | 5,925 | 95,967 | |||||||||||
K’s Holdings Corp. |
Specialty Retail | 9,000 | 82,748 | |||||||||||
Kubota Corp. |
Machinery | 67,200 | 992,520 | |||||||||||
Kuraray Co. Ltd. |
Chemicals | 21,010 | 249,346 | |||||||||||
Kurita Water Industries Ltd. |
Machinery | 6,896 | 240,950 | |||||||||||
Kusuri No. Aoki Holdings Co. Ltd. |
Consumer Staples Distribution & Retail | 948 | 54,990 | |||||||||||
Kyocera Corp. |
Electronic Equipment, Instruments & Components | 18,770 | 954,317 | |||||||||||
Kyowa Kirin Co. Ltd. |
Pharmaceuticals | 15,800 | 275,713 | |||||||||||
Kyudenko Corp. |
Construction & Engineering | 2,491 | 78,223 | |||||||||||
a |
Kyushu Electric Power Co., Inc. |
Electric Utilities | 28,992 | 189,504 | ||||||||||
Kyushu Financial Group, Inc. |
Banks | 23,700 | 122,451 | |||||||||||
Kyushu Railway Co. |
Ground Transportation | 9,822 | 209,242 | |||||||||||
LaSalle Logiport REIT |
Industrial REITs | 115 | 110,511 | |||||||||||
Lasertec Corp. |
Semiconductors & Semiconductor Equipment | 4,710 | 734,473 | |||||||||||
Lawson, Inc. |
Consumer Staples Distribution & Retail | 3,044 | 140,180 | |||||||||||
Lion Corp. |
Household Products | 15,800 | 156,279 |
238 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Japan Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
| |||||||||||||
Japan (continued) | ||||||||||||||
Lixil Corp. |
Building Products | 16,300 | $ | 190,226 | ||||||||||
M3, Inc. |
Health Care Technology | 26,422 | 480,899 | |||||||||||
Mabuchi Motor Co. Ltd. |
Electrical Equipment | 3,123 | 93,549 | |||||||||||
Macnica Holdings, Inc. |
Electronic Equipment, Instruments & Components | 2,900 | 136,619 | |||||||||||
Makita Corp. |
Machinery | 15,293 | 378,367 | |||||||||||
Mani, Inc. |
Health Care Equipment & Supplies | 3,842 | 46,704 | |||||||||||
Marubeni Corp. |
Trading Companies & Distributors | 95,908 | 1,498,793 | |||||||||||
Marui Group Co. Ltd. |
Consumer Finance | 11,344 | 184,727 | |||||||||||
Maruichi Steel Tube Ltd. |
Metals & Mining | 3,634 | 90,591 | |||||||||||
Matsui Securities Co. Ltd. |
Capital Markets | 7,900 | 43,464 | |||||||||||
MatsukiyoCocokara & Co. |
Consumer Staples Distribution & Retail | 22,754 | 408,726 | |||||||||||
Mazda Motor Corp. |
Automobiles | 35,770 | 406,660 | |||||||||||
McDonald’s Holdings Co. Japan Ltd. |
Hotels, Restaurants & Leisure | 5,356 | 204,944 | |||||||||||
Mebuki Financial Group, Inc. |
Banks | 63,200 | 175,211 | |||||||||||
Medipal Holdings Corp. |
Health Care Providers & Services | 9,300 | 157,519 | |||||||||||
MEIJI Holdings Co. Ltd. |
Food Products | 16,126 | 401,570 | |||||||||||
Menicon Co. Ltd. |
Health Care Equipment & Supplies | 2,923 | 37,687 | |||||||||||
a |
Mercari, Inc. |
Broadline Retail | 7,194 | 155,522 | ||||||||||
MINEBEA MITSUMI, Inc. |
Machinery | 25,700 | 420,483 | |||||||||||
MISUMI Group, Inc. |
Machinery | 17,300 | 270,876 | |||||||||||
Mitsubishi Chemical Group Corp. |
Chemicals | 80,000 | 505,384 | |||||||||||
Mitsubishi Corp. |
Trading Companies & Distributors | 71,613 | 3,420,723 | |||||||||||
Mitsubishi Electric Corp. |
Electrical Equipment | 121,956 | 1,511,118 | |||||||||||
Mitsubishi Estate Co. Ltd. |
Real Estate Management & Development | 69,200 | 906,591 | |||||||||||
Mitsubishi Gas Chemical Co., Inc. |
Chemicals | 11,111 | 149,847 | |||||||||||
Mitsubishi HC Capital, Inc. |
Financial Services | 39,500 | 263,642 | |||||||||||
Mitsubishi Heavy Industries Ltd. |
Machinery | 17,977 | 1,005,435 | |||||||||||
Mitsubishi Logistics Corp. |
Transportation Infrastructure | 3,713 | 98,831 | |||||||||||
Mitsubishi Materials Corp. |
Metals & Mining | 7,900 | 128,062 | |||||||||||
Mitsubishi Motors Corp. |
Automobiles | 39,500 | 172,426 | |||||||||||
Mitsubishi UFJ Financial Group, Inc. |
Banks | 728,500 | 6,192,677 | |||||||||||
Mitsui & Co. Ltd. |
Trading Companies & Distributors | 93,070 | 3,382,266 | |||||||||||
Mitsui Chemicals, Inc. |
Chemicals | 10,586 | 275,034 | |||||||||||
Mitsui Fudosan Co. Ltd. |
Real Estate Management & Development | 56,007 | 1,236,301 | |||||||||||
Mitsui Fudosan Logistics Park, Inc. |
Industrial REITs | 33 | 104,158 | |||||||||||
Mitsui High-Tec, Inc. |
Semiconductors & Semiconductor Equipment | 1,422 | 73,947 | |||||||||||
Mitsui Mining & Smelting Co. Ltd. |
Metals & Mining | 3,439 | 87,459 | |||||||||||
Mitsui OSK Lines Ltd. |
Marine Transportation | 20,882 | 575,138 | |||||||||||
Miura Co. Ltd. |
Machinery | 5,996 | 120,945 | |||||||||||
Mizuho Financial Group, Inc. |
Banks | 159,253 | 2,711,757 | |||||||||||
a |
Money Forward, Inc. |
Software | 2,751 | 88,526 | ||||||||||
MonotaRO Co. Ltd. |
Trading Companies & Distributors | 14,683 | 157,481 | |||||||||||
Mori Hills REIT Investment Corp., Class C |
Office REITs | 100 | 94,957 | |||||||||||
Morinaga & Co. Ltd. |
Food Products | 2,185 | 79,098 | |||||||||||
Morinaga Milk Industry Co. Ltd. |
Food Products | 2,246 | 84,693 | |||||||||||
MS&AD Insurance Group Holdings, Inc. |
Insurance | 28,222 | 1,039,235 | |||||||||||
Murata Manufacturing Co. Ltd. |
Electronic Equipment, Instruments & Components | 105,561 | 1,934,018 | |||||||||||
Nabtesco Corp. |
Machinery | 7,000 | 126,490 | |||||||||||
Nagase & Co. Ltd. |
Trading Companies & Distributors | 6,262 | 98,635 | |||||||||||
Nagoya Railroad Co. Ltd. |
Ground Transportation | 12,213 | 180,668 | |||||||||||
Nankai Electric Railway Co. Ltd. |
Ground Transportation | 6,800 | 132,263 | |||||||||||
NEC Corp. |
IT Services | 16,114 | 892,061 | |||||||||||
NEC Networks & System Integration Corp. |
IT Services | 4,029 | 53,027 | |||||||||||
NET One Systems Co. Ltd. |
IT Services | 5,019 | 95,453 | |||||||||||
Nexon Co. Ltd. |
Entertainment | 24,600 | 440,731 | |||||||||||
NGK Insulators Ltd. |
Machinery | 15,800 | 209,855 | |||||||||||
NH Foods Ltd. |
Food Products | 6,161 | 184,593 |
franklintempleton.com |
Semiannual Report |
239 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Japan Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
| |||||||||||||
Japan (continued) | ||||||||||||||
NHK Spring Co. Ltd. |
Automobile Components | 9,400 | $ | 72,063 | ||||||||||
Nichirei Corp. |
Food Products | 6,462 | 142,253 | |||||||||||
NIDEC Corp. |
Electrical Equipment | 32,430 | 1,506,265 | |||||||||||
Nifco, Inc. |
Automobile Components | 5,232 | 135,652 | |||||||||||
Nihon Kohden Corp. |
Health Care Equipment & Supplies | 4,487 | 111,014 | |||||||||||
Nihon M&A Center Holdings, Inc. |
Professional Services | 15,800 | 76,181 | |||||||||||
Nikon Corp. |
Household Durables | 19,049 | 201,245 | |||||||||||
Nintendo Co. Ltd. |
Entertainment | 65,370 | 2,729,135 | |||||||||||
Nippon Accommodations Fund, Inc. |
Residential REITs | 29 | 122,627 | |||||||||||
Nippon Building Fund, Inc. |
Office REITs | 96 | 389,854 | |||||||||||
Nippon Electric Glass Co. Ltd. |
Electronic Equipment, Instruments & Components | 4,761 | 88,887 | |||||||||||
Nippon Express Holdings, Inc. |
Air Freight & Logistics | 4,258 | 222,652 | |||||||||||
Nippon Kayaku Co. Ltd. |
Chemicals | 10,080 | 84,402 | |||||||||||
Nippon Paint Holdings Co. Ltd. |
Chemicals | 63,556 | 428,463 | |||||||||||
Nippon Prologis REIT, Inc. |
Industrial REITs | 158 | 295,618 | |||||||||||
Nippon Sanso Holdings Corp. |
Chemicals | 9,000 | 213,805 | |||||||||||
Nippon Shinyaku Co. Ltd. |
Pharmaceuticals | 3,241 | 137,459 | |||||||||||
Nippon Shokubai Co. Ltd. |
Chemicals | 1,996 | 72,630 | |||||||||||
Nippon Steel Corp. |
Metals & Mining | 51,200 | 1,202,587 | |||||||||||
Nippon Telegraph & Telephone Corp. |
Diversified Telecommunication Services | 1,785,400 | 2,112,928 | |||||||||||
Nippon Yusen KK |
Marine Transportation | 30,277 | 788,450 | |||||||||||
Nipro Corp. |
Health Care Equipment & Supplies | 7,300 | 59,144 | |||||||||||
Nishi-Nippon Railroad Co. Ltd. |
Ground Transportation | 4,703 | 78,207 | |||||||||||
Nissan Chemical Corp. |
Chemicals | 8,200 | 349,431 | |||||||||||
Nissan Motor Co. Ltd. |
Automobiles | 121,200 | 536,293 | |||||||||||
Nisshin Seifun Group, Inc. |
Food Products | 16,093 | 205,496 | |||||||||||
Nissin Foods Holdings Co. Ltd. |
Food Products | 4,229 | 352,121 | |||||||||||
Niterra Co. Ltd. |
Automobile Components | 12,155 | 275,641 | |||||||||||
Nitori Holdings Co. Ltd. |
Specialty Retail | 4,739 | 530,666 | |||||||||||
Nitto Denko Corp. |
Chemicals | 8,819 | 579,640 | |||||||||||
Noevir Holdings Co. Ltd. |
Personal Care Products | 948 | 33,606 | |||||||||||
NOF Corp. |
Chemicals | 4,110 | 164,593 | |||||||||||
NOK Corp. |
Automobile Components | 6,915 | 92,007 | |||||||||||
Nomura Holdings, Inc. |
Capital Markets | 189,900 | 762,400 | |||||||||||
Nomura Real Estate Holdings, Inc. |
Real Estate Management & Development | 6,782 | 170,567 | |||||||||||
Nomura Real Estate Master Fund, Inc. |
Diversified REITs | 281 | 315,225 | |||||||||||
Nomura Research Institute Ltd. |
IT Services | 26,895 | 701,640 | |||||||||||
NS Solutions Corp. |
IT Services | 1,896 | 54,063 | |||||||||||
NSK Ltd. |
Machinery | 26,400 | 148,820 | |||||||||||
NTT Data Group Corp. |
IT Services | 39,467 | 530,150 | |||||||||||
Obayashi Corp. |
Construction & Engineering | 42,200 | 372,299 | |||||||||||
OBIC Business Consultants Co. Ltd. |
Software | 1,766 | 73,374 | |||||||||||
Obic Co. Ltd. |
IT Services | 4,212 | 640,303 | |||||||||||
Odakyu Electric Railway Co. Ltd. |
Ground Transportation | 19,249 | 288,235 | |||||||||||
Oji Holdings Corp. |
Paper & Forest Products | 55,300 | 233,096 | |||||||||||
OKUMA Corp. |
Machinery | 1,838 | 80,984 | |||||||||||
Olympus Corp. |
Health Care Equipment & Supplies | 77,500 | 1,008,318 | |||||||||||
Omron Corp. |
Electronic Equipment, Instruments & Components | 11,426 | 510,485 | |||||||||||
Ono Pharmaceutical Co. Ltd. |
Pharmaceuticals | 26,300 | 505,468 | |||||||||||
Open House Group Co. Ltd. |
Household Durables | 4,449 | 151,276 | |||||||||||
Oracle Corp. |
Software | 2,075 | 154,347 | |||||||||||
Orient Corp. |
Consumer Finance | 3,555 | 27,635 | |||||||||||
Oriental Land Co. Ltd. |
Hotels, Restaurants & Leisure | 58,814 | 1,934,783 | |||||||||||
ORIX Corp. |
Financial Services | 73,736 | 1,380,095 | |||||||||||
Orix JREIT, Inc. |
Office REITs | 165 | 198,365 | |||||||||||
Osaka Gas Co. Ltd. |
Gas Utilities | 24,700 | 407,515 | |||||||||||
OSG Corp. |
Machinery | 4,745 | 56,027 |
240 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Japan Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
| |||||||||||||
Japan (continued) | ||||||||||||||
Otsuka Corp. |
IT Services | 6,462 | $ | 274,199 | ||||||||||
Otsuka Holdings Co. Ltd. |
Pharmaceuticals | 30,119 | 1,072,355 | |||||||||||
PALTAC Corp. |
Distributors | 1,917 | 60,249 | |||||||||||
Pan Pacific International Holdings Corp. |
Broadline Retail | 25,100 | 527,819 | |||||||||||
Panasonic Holdings Corp. |
Household Durables | 133,800 | 1,508,136 | |||||||||||
a |
Park24 Co. Ltd. |
Commercial Services & Supplies | 7,900 | 100,322 | ||||||||||
Penta-Ocean Construction Co. Ltd. |
Construction & Engineering | 17,700 | 105,471 | |||||||||||
a |
PeptiDream, Inc. |
Biotechnology | 5,659 | 61,093 | ||||||||||
Persol Holdings Co. Ltd. |
Professional Services | 110,600 | 180,399 | |||||||||||
Pigeon Corp. |
Household Products | 6,778 | 76,694 | |||||||||||
Pola Orbis Holdings, Inc. |
Personal Care Products | 4,645 | 55,921 | |||||||||||
Rakus Co. Ltd. |
Software | 5,909 | 81,671 | |||||||||||
Rakuten Group, Inc. |
Broadline Retail | 71,100 | 292,119 | |||||||||||
Recruit Holdings Co. Ltd. |
Professional Services | 83,700 | 2,585,179 | |||||||||||
Relo Group, Inc. |
Real Estate Management & Development | 6,620 | 71,801 | |||||||||||
a |
Renesas Electronics Corp. |
Semiconductors & Semiconductor Equipment | 75,000 | 1,148,685 | ||||||||||
Rengo Co. Ltd. |
Containers & Packaging | 13,082 | 89,946 | |||||||||||
Resona Holdings, Inc. |
Banks | 133,300 | 739,905 | |||||||||||
Resonac Holdings Corp. |
Chemicals | 11,181 | 187,692 | |||||||||||
Resorttrust, Inc. |
Hotels, Restaurants & Leisure | 4,160 | 62,264 | |||||||||||
Ricoh Co. Ltd. |
Technology Hardware, Storage & Peripherals | 35,800 | 309,599 | |||||||||||
Rinnai Corp. |
Household Durables | 6,583 | 123,521 | |||||||||||
Rohm Co. Ltd. |
Semiconductors & Semiconductor Equipment | 20,592 | 388,726 | |||||||||||
Rohto Pharmaceutical Co. Ltd. |
Personal Care Products | 12,134 | 329,726 | |||||||||||
Ryohin Keikaku Co. Ltd. |
Broadline Retail | 14,783 | 191,741 | |||||||||||
Sanken Electric Co. Ltd. |
Semiconductors & Semiconductor Equipment | 1,200 | 72,937 | |||||||||||
Sankyo Co. Ltd. |
Leisure Products | 2,657 | 122,038 | |||||||||||
Sankyu, Inc. |
Air Freight & Logistics | 2,968 | 102,848 | |||||||||||
Sanrio Co. Ltd. |
Specialty Retail | 3,518 | 167,383 | |||||||||||
Santen Pharmaceutical Co. Ltd. |
Pharmaceuticals | 20,708 | 190,601 | |||||||||||
Sanwa Holdings Corp. |
Building Products | 12,171 | 162,144 | |||||||||||
Sapporo Holdings Ltd. |
Beverages | 3,892 | 124,069 | |||||||||||
Sawai Group Holdings Co. Ltd. |
Pharmaceuticals | 2,370 | 72,708 | |||||||||||
SBI Holdings, Inc. |
Capital Markets | 15,127 | 319,114 | |||||||||||
SCREEN Holdings Co. Ltd. |
Semiconductors & Semiconductor Equipment | 4,966 | 242,302 | |||||||||||
SCSK Corp. |
IT Services | 7,905 | 138,208 | |||||||||||
Secom Co. Ltd. |
Commercial Services & Supplies | 11,964 | 812,967 | |||||||||||
Sega Sammy Holdings, Inc. |
Leisure Products | 9,933 | 183,650 | |||||||||||
Seibu Holdings, Inc. |
Ground Transportation | 13,069 | 126,026 | |||||||||||
Seiko Epson Corp. |
Technology Hardware, Storage & Peripherals | 16,300 | 256,638 | |||||||||||
Seino Holdings Co. Ltd. |
Ground Transportation | 8,600 | 120,766 | |||||||||||
Sekisui Chemical Co. Ltd. |
Household Durables | 20,534 | 296,262 | |||||||||||
Sekisui House Ltd. |
Household Durables | 34,380 | 685,872 | |||||||||||
Sekisui House Reit, Inc. |
Diversified REITs | 258 | 144,020 | |||||||||||
Seven & i Holdings Co. Ltd. |
Consumer Staples Distribution & Retail | 48,273 | 1,894,042 | |||||||||||
Seven Bank Ltd. |
Banks | 39,500 | 82,296 | |||||||||||
SG Holdings Co. Ltd. |
Air Freight & Logistics | 26,400 | 338,790 | |||||||||||
a |
Sharp Corp. |
Household Durables | 13,103 | 81,836 | ||||||||||
a |
SHIFT, Inc. |
IT Services | 632 | 115,664 | ||||||||||
Shikoku Electric Power Co., Inc. |
Electric Utilities | 9,800 | 67,216 | |||||||||||
Shimadzu Corp. |
Electronic Equipment, Instruments & Components | 16,800 | 447,174 | |||||||||||
Shimamura Co. Ltd. |
Specialty Retail | 1,343 | 132,928 | |||||||||||
Shimano, Inc. |
Leisure Products | 4,822 | 651,604 | |||||||||||
Shimizu Corp. |
Construction & Engineering | 33,500 | 233,361 | |||||||||||
Shin-Etsu Chemical Co. Ltd. |
Chemicals | 120,954 | 3,520,209 | |||||||||||
Shinko Electric Industries Co. Ltd. |
Semiconductors & Semiconductor Equipment | 4,110 | 160,379 | |||||||||||
Shionogi & Co. Ltd. |
Pharmaceuticals | 16,600 | 743,760 |
franklintempleton.com |
Semiannual Report |
241 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Japan Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
| |||||||||||||
Japan (continued) | ||||||||||||||
Ship Healthcare Holdings, Inc. |
Health Care Providers & Services | 4,861 | $ | 73,896 | ||||||||||
Shiseido Co. Ltd. |
Personal Care Products | 24,400 | 858,435 | |||||||||||
Shizuoka Financial Group, Inc. |
Banks | 30,593 | 249,910 | |||||||||||
SHO-BOND Holdings Co. Ltd. |
Construction & Engineering | 2,807 | 110,531 | |||||||||||
a |
Skylark Holdings Co. Ltd. |
Hotels, Restaurants & Leisure | 13,772 | 188,687 | ||||||||||
SMC Corp. |
Machinery | 3,510 | 1,575,472 | |||||||||||
SMS Co. Ltd. |
Professional Services | 3,002 | 51,209 | |||||||||||
Socionext, Inc. |
Semiconductors & Semiconductor Equipment | 2,229 | 220,771 | |||||||||||
SoftBank Corp. |
Wireless Telecommunication Services | 172,488 | 1,954,036 | |||||||||||
SoftBank Group Corp. |
Wireless Telecommunication Services | 60,748 | 2,578,915 | |||||||||||
Sohgo Security Services Co. Ltd. |
Commercial Services & Supplies | 23,700 | 143,288 | |||||||||||
Sojitz Corp. |
Trading Companies & Distributors | 14,192 | 311,753 | |||||||||||
Sompo Holdings, Inc. |
Insurance | 19,343 | 833,865 | |||||||||||
Sony Group Corp. |
Household Durables | 77,417 | 6,350,036 | |||||||||||
Sotetsu Holdings, Inc. |
Ground Transportation | 4,761 | 93,832 | |||||||||||
Square Enix Holdings Co. Ltd. |
Entertainment | 4,910 | 168,630 | |||||||||||
Stanley Electric Co. Ltd. |
Automobile Components | 9,324 | 147,616 | |||||||||||
Subaru Corp. |
Automobiles | 37,785 | 735,823 | |||||||||||
Sugi Holdings Co. Ltd. |
Consumer Staples Distribution & Retail | 2,154 | 85,756 | |||||||||||
SUMCO Corp. |
Semiconductors & Semiconductor Equipment | 21,066 | 275,139 | |||||||||||
Sumitomo Bakelite Co. Ltd. |
Chemicals | 1,996 | 87,250 | |||||||||||
Sumitomo Chemical Co. Ltd. |
Chemicals | 94,800 | 258,560 | |||||||||||
Sumitomo Corp. |
Trading Companies & Distributors | 68,735 | 1,374,470 | |||||||||||
Sumitomo Electric Industries Ltd. |
Automobile Components | 47,400 | 572,231 | |||||||||||
Sumitomo Forestry Co. Ltd. |
Household Durables | 8,800 | 224,445 | |||||||||||
Sumitomo Heavy Industries Ltd. |
Machinery | 7,051 | 179,175 | |||||||||||
Sumitomo Metal Mining Co. Ltd. |
Metals & Mining | 14,890 | 438,942 | |||||||||||
Sumitomo Mitsui Financial Group, Inc. |
Banks | 79,885 | 3,933,088 | |||||||||||
Sumitomo Mitsui Trust Holdings, Inc. |
Banks | 22,175 | 836,773 | |||||||||||
Sumitomo Pharma Co. Ltd. |
Pharmaceuticals | 15,800 | 56,720 | |||||||||||
Sumitomo Realty & Development Co. Ltd. |
Real Estate Management & Development | 24,742 | 644,312 | |||||||||||
Sumitomo Rubber Industries Ltd. |
Automobile Components | 11,302 | 125,043 | |||||||||||
Sundrug Co. Ltd. |
Consumer Staples Distribution & Retail | 4,071 | 110,624 | |||||||||||
Suntory Beverage & Food Ltd. |
Beverages | 7,900 | 240,878 | |||||||||||
Suzuken Co. Ltd. |
Health Care Providers & Services | 4,287 | 132,840 | |||||||||||
Suzuki Motor Corp. |
Automobiles | 28,347 | 1,142,808 | |||||||||||
Sysmex Corp. |
Health Care Equipment & Supplies | 11,932 | 570,353 | |||||||||||
T&D Holdings, Inc. |
Insurance | 31,600 | 522,626 | |||||||||||
Taiheiyo Cement Corp. |
Construction Materials | 7,200 | 127,861 | |||||||||||
Taisei Corp. |
Construction & Engineering | 10,881 | 383,615 | |||||||||||
Taisho Pharmaceutical Holdings Co. Ltd. |
Pharmaceuticals | 2,809 | 116,012 | |||||||||||
Taiyo Yuden Co. Ltd. |
Electronic Equipment, Instruments & Components | 7,900 | 214,355 | |||||||||||
Takara Bio, Inc. |
Biotechnology | 2,686 | 24,894 | |||||||||||
Takara Holdings, Inc. |
Beverages | 10,870 | 87,484 | |||||||||||
Takashimaya Co. Ltd. |
Broadline Retail | 8,300 | 121,698 | |||||||||||
Takeda Pharmaceutical Co. Ltd. |
Pharmaceuticals | 95,485 | 2,969,649 | |||||||||||
TBS Holdings, Inc. |
Media | 2,054 | 34,611 | |||||||||||
TDK Corp. |
Electronic Equipment, Instruments & Components | 22,588 | 838,886 | |||||||||||
TechnoPro Holdings, Inc. |
Professional Services | 6,744 | 147,014 | |||||||||||
Teijin Ltd. |
Chemicals | 11,560 | 112,559 | |||||||||||
Terumo Corp. |
Health Care Equipment & Supplies | 40,700 | 1,080,879 | |||||||||||
THK Co. Ltd. |
Machinery | 7,900 | 144,712 | |||||||||||
TIS, Inc. |
IT Services | 14,330 | 316,225 | |||||||||||
Tobu Railway Co. Ltd. |
Ground Transportation | 12,565 | 323,503 | |||||||||||
Toda Corp. |
Construction & Engineering | 15,800 | 85,721 | |||||||||||
Toei Animation Co. Ltd. |
Entertainment | 316 | 27,995 | |||||||||||
Toho Co. Ltd. |
Entertainment | 6,896 | 235,774 |
242 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Japan Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
| |||||||||||||
Japan (continued) | ||||||||||||||
Toho Gas Co. Ltd. |
Gas Utilities | 5,578 | $ | 97,468 | ||||||||||
Tohoku Electric Power Co., Inc. |
Electric Utilities | 29,624 | 192,087 | |||||||||||
Tokai Carbon Co. Ltd. |
Chemicals | 12,295 | 96,481 | |||||||||||
Tokio Marine Holdings, Inc. |
Insurance | 116,378 | 2,702,294 | |||||||||||
Tokyo Century Corp. |
Financial Services | 3,934 | 157,281 | |||||||||||
a |
Tokyo Electric Power Co. Holdings, Inc. |
Electric Utilities | 97,600 | 437,426 | ||||||||||
Tokyo Electron Ltd. |
Semiconductors & Semiconductor Equipment | 27,867 | 3,817,065 | |||||||||||
Tokyo Gas Co. Ltd. |
Gas Utilities | 25,600 | 581,736 | |||||||||||
Tokyo Ohka Kogyo Co. Ltd. |
Chemicals | 2,233 | 133,120 | |||||||||||
Tokyo Seimitsu Co. Ltd. |
Semiconductors & Semiconductor Equipment | 2,300 | 115,443 | |||||||||||
Tokyo Tatemono Co. Ltd. |
Real Estate Management & Development | 12,166 | 168,600 | |||||||||||
Tokyu Corp. |
Ground Transportation | 37,182 | 429,565 | |||||||||||
Tokyu Fudosan Holdings Corp. |
Real Estate Management & Development | 39,500 | 243,260 | |||||||||||
TOPPAN, Inc. |
Commercial Services & Supplies | 16,800 | 402,479 | |||||||||||
Toray Industries, Inc. |
Chemicals | 94,800 | 494,250 | |||||||||||
a |
Toshiba Corp. |
Industrial Conglomerates | 5,622 | 173,416 | ||||||||||
Toshiba TEC Corp. |
Technology Hardware, Storage & Peripherals | 1,422 | 32,542 | |||||||||||
Tosoh Corp. |
Chemicals | 17,500 | 224,929 | |||||||||||
TOTO Ltd. |
Building Products | 9,029 | 233,734 | |||||||||||
Toyo Seikan Group Holdings Ltd. |
Containers & Packaging | 8,900 | 145,973 | |||||||||||
Toyo Suisan Kaisha Ltd. |
Food Products | 5,630 | 221,276 | |||||||||||
Toyo Tire Corp. |
Automobile Components | 6,404 | 98,790 | |||||||||||
Toyoda Gosei Co. Ltd. |
Automobile Components | 4,559 | 98,130 | |||||||||||
Toyota Boshoku Corp. |
Automobile Components | 3,834 | 70,038 | |||||||||||
Toyota Industries Corp. |
Machinery | 10,026 | 791,128 | |||||||||||
Toyota Motor Corp. |
Automobiles | 749,900 | 13,455,234 | |||||||||||
Toyota Tsusho Corp. |
Trading Companies & Distributors | 13,929 | 820,945 | |||||||||||
Trend Micro, Inc. |
Software | 7,073 | 268,653 | |||||||||||
TS Tech Co. Ltd. |
Automobile Components | 6,030 | 68,533 | |||||||||||
Tsumura & Co. |
Pharmaceuticals | 4,075 | 75,916 | |||||||||||
Tsuruha Holdings, Inc. |
Consumer Staples Distribution & Retail | 2,335 | 157,179 | |||||||||||
UBE Corp. |
Chemicals | 5,946 | 100,471 | |||||||||||
Ulvac, Inc. |
Semiconductors & Semiconductor Equipment | 2,972 | 107,448 | |||||||||||
Unicharm Corp. |
Household Products | 24,210 | 858,402 | |||||||||||
United Urban Investment Corp. |
Diversified REITs | 185 | 193,027 | |||||||||||
Ushio, Inc. |
Electrical Equipment | 6,562 | 79,879 | |||||||||||
USS Co. Ltd. |
Specialty Retail | 12,582 | 208,470 | |||||||||||
Welcia Holdings Co. Ltd. |
Consumer Staples Distribution & Retail | 6,225 | 107,772 | |||||||||||
West Japan Railway Co. |
Ground Transportation | 14,428 | 598,004 | |||||||||||
Workman Co. Ltd. |
Specialty Retail | 2,786 | 84,854 | |||||||||||
Yakult Honsha Co. Ltd. |
Food Products | 16,306 | 396,982 | |||||||||||
Yamada Holdings Co. Ltd. |
Specialty Retail | 35,900 | 110,545 | |||||||||||
Yamaguchi Financial Group, Inc. |
Banks | 12,392 | 108,827 | |||||||||||
Yamaha Corp. |
Leisure Products | 9,463 | 259,111 | |||||||||||
Yamaha Motor Co. Ltd. |
Automobiles | 19,091 | 502,910 | |||||||||||
Yamato Holdings Co. Ltd. |
Air Freight & Logistics | 20,234 | 330,171 | |||||||||||
Yamato Kogyo Co. Ltd. |
Metals & Mining | 2,096 | 100,372 | |||||||||||
Yamazaki Baking Co. Ltd. |
Food Products | 7,473 | 137,616 | |||||||||||
Yaoko Co. Ltd. |
Consumer Staples Distribution & Retail | 1,343 | 69,200 | |||||||||||
Yaskawa Electric Corp. |
Machinery | 16,126 | 583,011 | |||||||||||
Yokogawa Electric Corp. |
Electronic Equipment, Instruments & Components | 15,157 | 293,389 | |||||||||||
Yokohama Rubber Co. Ltd. |
Automobile Components | 8,200 | 171,006 | |||||||||||
Z Holdings Corp. |
Interactive Media & Services | 165,900 | 461,930 | |||||||||||
Zenkoku Hosho Co. Ltd. |
Financial Services | 3,123 | 102,778 | |||||||||||
Zensho Holdings Co. Ltd. |
Hotels, Restaurants & Leisure | 5,988 | 260,747 | |||||||||||
Zeon Corp. |
Chemicals | 8,800 | 92,172 |
franklintempleton.com |
Semiannual Report |
243 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Japan Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
| |||||||||||||
Japan (continued) | ||||||||||||||
ZOZO, Inc. |
Specialty Retail | 6,823 | $ | 125,395 | ||||||||||
|
|
|||||||||||||
Total Common Stocks (Cost $251,202,266) |
247,123,238 | |||||||||||||
|
|
|||||||||||||
Total
Investments before Short-Term Investments |
247,123,238 | |||||||||||||
|
|
|||||||||||||
Short-Term Investments 0.0%† | ||||||||||||||
Money Market Funds 0.0%† |
||||||||||||||
United States 0.0%† | ||||||||||||||
b,c |
Institutional Fiduciary Trust - Money Market Portfolio, 5.15% |
Money Market Funds | 14,047 | 14,047 | ||||||||||
|
|
|||||||||||||
Total Short-Term Investments (Cost $14,047) |
14,047 | |||||||||||||
|
|
|||||||||||||
Total Investments (Cost $251,216,313) 99.0% |
247,137,285 | |||||||||||||
Other Assets, less Liabilities 1.0% |
2,525,805 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 249,663,090 | ||||||||||||
|
|
†Rounds to less than 0.1% of net assets.
aNon-income producing.
bThe rate shown is the annualized seven-day effective yield at period end.
cSee Note 3(c) regarding investments in affiliated management investment companies.
At September 30, 2023, the Fund had the following forward exchange contracts outstanding. See Note 1(c).
Forward Exchange Contracts
Currency | Counterpartya | Type | Quantity | Contract Amount |
Settlement Date |
Unrealized Appreciation |
Unrealized Depreciation |
|||||||||||||||||||||
OTC Forward Exchange Contracts | ||||||||||||||||||||||||||||
Japanese Yen |
HSBK | Buy | 9,067,377,000 | $60,762,227 | 10/03/23 | $ | 896 | $ | — | |||||||||||||||||||
Japanese Yen |
BOFA | Buy | 9,067,377,000 | 60,762,227 | 10/03/23 | 896 | — | |||||||||||||||||||||
Japanese Yen |
UBSW | Buy | 18,134,754,000 | 121,525,024 | 10/03/23 | 1,221 | — | |||||||||||||||||||||
Japanese Yen |
HSBK | Sell | 9,067,377,000 | 62,559,349 | 10/03/23 | 1,796,226 | — | |||||||||||||||||||||
Japanese Yen |
BOFA | Sell | 9,067,377,000 | 62,561,593 | 10/03/23 | 1,798,470 | — | |||||||||||||||||||||
Japanese Yen |
UBSW | Sell | 18,134,754,000 | 125,121,200 | 10/03/23 | 3,594,955 | — | |||||||||||||||||||||
Japanese Yen |
UBSW | Sell | 18,613,956,000 | 125,330,891 | 11/02/23 | — | (5,717 | ) | ||||||||||||||||||||
Japanese Yen |
HSBK | Sell | 9,306,978,000 | 62,666,332 | 11/02/23 | — | (1,972 | ) | ||||||||||||||||||||
Japanese Yen |
BOFA | Sell | 9,306,978,000 | 62,666,838 | 11/02/23 | — | (1,466 | ) | ||||||||||||||||||||
|
|
|||||||||||||||||||||||||||
Total Forward Exchange Contracts |
|
$7,192,664 | $ (9,155 | ) | ||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||
Net unrealized appreciation (depreciation) |
|
$7,183,509 | ||||||||||||||||||||||||||
|
|
aMay be comprised of multiple contracts with the same counterparty, currency and settlement date.
244 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Japan Hedged ETF (continued)
At September 30, 2023, the Fund had the following futures contracts outstanding. See Note 1(c).
Futures Contracts
Description | Type | |
Number of Contracts |
|
|
Notional Amount |
* |
|
Expiration Date |
|
|
Value/Unrealized Appreciation (Depreciation) |
| |||||||
Index Contracts | ||||||||||||||||||||
Nikkei 225 Mini |
Long | 75 | $1,601,273 | 12/07/23 | $ | (15,554) |
*As of period end.
See Note 7 regarding other derivative information.
See Abbreviations on page 324.
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
245 |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE Latin America ETF
Six Months Ended September 30, 2023 |
Year Ended March 31, | |||||||||||||||||||||||
2023 | 2022 | 2021 | 2020 |
2019a |
||||||||||||||||||||
Per share operating performance (for a share outstanding throughout the period) |
||||||||||||||||||||||||
Net asset value, beginning of period |
$20.42 | $25.25 | $22.40 | $15.20 | $ 26.41 | $26.17 | ||||||||||||||||||
Income from investment operationsb: | ||||||||||||||||||||||||
Net investment incomec |
0.75 | 1.66 | 1.54 | 0.57 | 0.77 | 0.38 | ||||||||||||||||||
Net realized and unrealized gains (losses) |
1.09 | (4.62 | ) | 2.83 | 7.13 | (11.08 | ) | (0.02 | ) | |||||||||||||||
Total from investment operations |
1.84 | (2.96 | ) | 4.37 | 7.70 | (10.31 | ) | 0.36 | ||||||||||||||||
Less distributions from net investment income |
(0.52 | ) | (1.87 | ) | (1.52 | ) | (0.50 | ) | (0.90 | ) | (0.12 | ) | ||||||||||||
Net asset value, end of period |
$21.74 | $20.42 | $25.25 | $22.40 | $ 15.20 | $26.41 | ||||||||||||||||||
Total returnd |
8.94% | (11.05)% | 21.12% | 50.80% | (40.49)% | 1.42% | ||||||||||||||||||
Ratios to average net assetse | ||||||||||||||||||||||||
Total expenses |
0.19% | 0.19% | 0.19% | 0.19% | 0.21% | 0.19% | ||||||||||||||||||
Net investment income |
6.79% | 8.09% | 6.75% | 2.86% | 2.97% | 3.08% | ||||||||||||||||||
Supplemental data | ||||||||||||||||||||||||
Net assets, end of period (000’s) |
$60,877 | $67,372 | $7,575 | $4,480 | $1,520 | $2,641 | ||||||||||||||||||
Portfolio turnover ratef |
3.73%g | 10.49%g | 18.50%g | 10.21%g | 12.74%g | 4.08% |
aFor the period October 9, 2018 (commencement of operations) to March 31, 2019.
bThe amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations for the period due to the timing of sales and repurchases of Creation Unit Fund shares in relation to income earned and/or fluctuating fair value of the investments of the Fund.
cBased on average daily shares outstanding.
dTotal return is not annualized for periods less than one year. Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period.
eRatios are annualized for periods less than one year.
fPortfolio turnover rate includes portfolio transactions that are executed as a result of the Fund offering and redeeming Creation Units solely for cash (“Cash creations”).
gPortfolio turnover rate excluding cash creations was as follows: |
3.60% | 10.49% | 18.50% | 10.21% | 12.74% | — |
246 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Schedule of Investments, September 30, 2023 (unaudited)
Franklin FTSE Latin America ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 80.1% |
||||||||||||||
Brazil 43.8% | ||||||||||||||
Aliansce Sonae Shopping Centers SA |
Real Estate Management & Development | 44,800 | $ | 202,196 | ||||||||||
Alupar Investimento SA, UNIT |
Electric Utilities | 11,200 | 64,356 | |||||||||||
Ambev SA |
Beverages | 408,800 | 1,070,760 | |||||||||||
Atacadao SA |
Consumer Staples Distribution & Retail | 50,400 | 89,619 | |||||||||||
Auren Energia SA |
Independent Power Producers & Energy Traders | 33,600 | 92,170 | |||||||||||
B3 SA - Brasil Bolsa Balcao |
Capital Markets | 537,600 | 1,320,048 | |||||||||||
Banco Bradesco SA |
Banks | 140,000 | 354,112 | |||||||||||
Banco BTG Pactual SA |
Capital Markets | 123,200 | 764,769 | |||||||||||
Banco do Brasil SA |
Banks | 80,400 | 757,866 | |||||||||||
Banco Santander Brasil SA |
Banks | 33,600 | 174,874 | |||||||||||
BB Seguridade Participacoes SA |
Insurance | 63,000 | 392,837 | |||||||||||
Bradespar SA |
Metals & Mining | 2,800 | 11,720 | |||||||||||
a |
BRF SA |
Food Products | 89,600 | 182,415 | ||||||||||
Caixa Seguridade Participacoes SA |
Insurance | 42,000 | 93,647 | |||||||||||
CCR SA |
Transportation Infrastructure | 106,400 | 274,014 | |||||||||||
Centrais Eletricas Brasileiras SA |
Electric Utilities | 123,200 | 908,025 | |||||||||||
Cia de Saneamento Basico do Estado de Sao Paulo SABESP |
Water Utilities | 32,200 | 392,625 | |||||||||||
Cia Energetica de Minas Gerais |
Electric Utilities | 30,800 | 117,534 | |||||||||||
Cia Paranaense de Energia |
Electric Utilities | 72,800 | 122,322 | |||||||||||
Cia Siderurgica Nacional SA |
Metals & Mining | 58,800 | 142,618 | |||||||||||
Cielo SA |
Financial Services | 109,200 | 76,579 | |||||||||||
Cosan SA |
Oil, Gas & Consumable Fuels | 112,000 | 383,537 | |||||||||||
CPFL Energia SA |
Electric Utilities | 18,000 | 120,870 | |||||||||||
CSN Mineracao SA |
Metals & Mining | 50,400 | 48,837 | |||||||||||
Dexco SA |
Paper & Forest Products | 30,800 | 47,383 | |||||||||||
Diagnosticos da America SA |
Health Care Providers & Services | 25,200 | 62,280 | |||||||||||
a |
Embraer SA |
Aerospace & Defense | 70,000 | 240,830 | ||||||||||
Energisa SA |
Electric Utilities | 28,000 | 261,528 | |||||||||||
a |
Eneva SA |
Independent Power Producers & Energy Traders | 114,800 | 276,610 | ||||||||||
Engie Brasil Energia SA |
Independent Power Producers & Energy Traders | 16,800 | 139,060 | |||||||||||
Equatorial Energia SA |
Electric Utilities | 81,200 | 520,114 | |||||||||||
b |
GPS Participacoes e Empreendimentos SA |
Commercial Services & Supplies | 39,200 | 134,630 | ||||||||||
Grupo De Moda Soma SA |
Textiles, Apparel & Luxury Goods | 42,000 | 55,802 | |||||||||||
a |
Grupo Mateus SA |
Consumer Staples Distribution & Retail | 36,400 | 49,743 | ||||||||||
a,b |
Hapvida Participacoes e Investimentos SA |
Health Care Providers & Services | 450,800 | 423,312 | ||||||||||
Hypera SA |
Pharmaceuticals | 37,900 | 281,229 | |||||||||||
Intelbras SA Industria de Telecomunicacao Eletronica Brasileira |
Communications Equipment | 5,600 | 23,160 | |||||||||||
Itau Unibanco Holding SA |
Banks | 42,000 | 193,503 | |||||||||||
Klabin SA |
Containers & Packaging | 72,800 | 346,313 | |||||||||||
Localiza Rent a Car SA |
Ground Transportation | 78,800 | 921,947 | |||||||||||
Lojas Renner SA |
Specialty Retail | 89,600 | 239,879 | |||||||||||
M Dias Branco SA |
Food Products | 11,200 | 81,742 | |||||||||||
a |
Magazine Luiza SA |
Broadline Retail | 288,400 | 122,155 | ||||||||||
Multiplan Empreendimentos Imobiliarios SA |
Real Estate Management & Development | 25,200 | 123,704 | |||||||||||
a |
Natura & Co. Holding SA |
Personal Care Products | 89,600 | 260,644 | ||||||||||
Neoenergia SA |
Electric Utilities | 22,400 | 82,391 | |||||||||||
Petroleo Brasileiro SA |
Oil, Gas & Consumable Fuels | 347,200 | 2,628,348 | |||||||||||
Porto Seguro SA |
Insurance | 16,800 | 88,243 | |||||||||||
a |
PRIO SA |
Oil, Gas & Consumable Fuels | 63,500 | 596,787 | ||||||||||
Raia Drogasil SA |
Consumer Staples Distribution & Retail | 103,600 | 571,692 | |||||||||||
b |
Rede D’Or Sao Luiz SA |
Health Care Providers & Services | 72,800 | 369,585 | ||||||||||
Rumo SA |
Ground Transportation | 117,600 | 536,169 | |||||||||||
Sao Martinho SA |
Food Products | 15,400 | 120,795 | |||||||||||
Sendas Distribuidora SA |
Consumer Staples Distribution & Retail | 126,000 | 306,114 | |||||||||||
SLC Agricola SA |
Food Products | 10,100 | 79,485 |
franklintempleton.com |
Semiannual Report |
247 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Latin America ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Brazil (continued) | ||||||||||||||
a |
Smartfit Escola de Ginastica e Danca SA |
Hotels, Restaurants & Leisure | 11,200 | $ | 48,110 | |||||||||
Suzano SA |
Paper & Forest Products | 66,100 | 716,836 | |||||||||||
Telefonica Brasil SA |
Diversified Telecommunication Services | 41,600 | 358,884 | |||||||||||
TIM SA |
Wireless Telecommunication Services | 75,600 | 224,903 | |||||||||||
TOTVS SA |
Software | 42,000 | 226,564 | |||||||||||
Transmissora Alianca de Energia Eletrica SA |
Electric Utilities | 20,400 | 140,858 | |||||||||||
Ultrapar Participacoes SA |
Oil, Gas & Consumable Fuels | 78,400 | 293,695 | |||||||||||
Usinas Siderurgicas de Minas Gerais SA Usiminas |
Metals & Mining | 16,800 | 23,294 | |||||||||||
Vale SA |
Metals & Mining | 356,100 | 4,808,047 | |||||||||||
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA |
Ground Transportation | 36,400 | 70,906 | |||||||||||
Vibra Energia SA |
Specialty Retail | 103,600 | 391,615 | |||||||||||
WEG SA |
Electrical Equipment | 140,000 | 1,014,505 | |||||||||||
|
|
|||||||||||||
26,661,744 | ||||||||||||||
|
|
|||||||||||||
Chile 4.7% | ||||||||||||||
Aguas Andinas SA, Class A |
Water Utilities | 257,992 | 77,388 | |||||||||||
Banco de Chile |
Banks | 4,130,336 | 418,374 | |||||||||||
Banco de Credito e Inversiones SA |
Banks | 5,740 | 146,213 | |||||||||||
Banco Itau Chile SA |
Banks | 7,028 | 67,435 | |||||||||||
Banco Santander Chile |
Banks | 5,854,352 | 269,667 | |||||||||||
Cencosud SA |
Consumer Staples Distribution & Retail | 124,180 | 234,223 | |||||||||||
Cencosud Shopping SA |
Real Estate Management & Development | 45,444 | 68,673 | |||||||||||
Cia Cervecerias Unidas SA |
Beverages | 12,460 | 78,773 | |||||||||||
Cia Sud Americana de Vapores SA |
Marine Transportation | 1,640,520 | 97,878 | |||||||||||
Colbun SA |
Independent Power Producers & Energy Traders | 679,560 | 92,043 | |||||||||||
Empresas CMPC SA |
Paper & Forest Products | 112,476 | 205,991 | |||||||||||
Empresas Copec SA |
Oil, Gas & Consumable Fuels | 45,780 | 322,845 | |||||||||||
a |
Enel Americas SA |
Electric Utilities | 1,783,796 | 203,668 | ||||||||||
Enel Chile SA |
Electric Utilities | 2,332,736 | 141,006 | |||||||||||
Falabella SA |
Broadline Retail | 74,424 | 165,435 | |||||||||||
a |
Latam Airlines Group SA |
Passenger Airlines | 15,987,608 | 144,244 | ||||||||||
Plaza SA |
Real Estate Management & Development | 28,000 | 38,263 | |||||||||||
Quinenco SA |
Industrial Conglomerates | 24,920 | 73,364 | |||||||||||
Sociedad de Inversiones Oro Blanco SA |
Capital Markets | 4,657,268 | 36,013 | |||||||||||
|
|
|||||||||||||
2,881,496 | ||||||||||||||
|
|
|||||||||||||
Colombia 1.0% | ||||||||||||||
Bancolombia SA |
Banks | 25,984 | 197,868 | |||||||||||
Ecopetrol SA |
Oil, Gas & Consumable Fuels | 444,500 | 259,825 | |||||||||||
Interconexion Electrica SA ESP |
Electric Utilities | 41,272 | 152,195 | |||||||||||
|
|
|||||||||||||
609,888 | ||||||||||||||
|
|
|||||||||||||
Mexico 29.6% | ||||||||||||||
Alfa SAB de CV, Class A |
Industrial Conglomerates | 340,676 | 222,301 | |||||||||||
Alpek SAB de CV |
Chemicals | 35,084 | 30,201 | |||||||||||
a |
Alsea SAB de CV |
Hotels, Restaurants & Leisure | 48,832 | 178,176 | ||||||||||
America Movil SAB de CV |
Wireless Telecommunication Services | 2,153,928 | 1,870,286 | |||||||||||
Arca Continental SAB de CV |
Beverages | 41,440 | 377,427 | |||||||||||
b |
Banco del Bajio SA |
Banks | 66,444 | 209,558 | ||||||||||
Becle SAB de CV |
Beverages | 50,596 | 120,824 | |||||||||||
a |
Cemex SAB de CV |
Construction Materials | 1,422,008 | 930,358 | ||||||||||
Coca-Cola Femsa SAB de CV |
Beverages | 49,336 | 388,306 | |||||||||||
Concentradora Fibra Danhos SA de CV |
Diversified REITs | 22,456 | 25,314 | |||||||||||
a |
Controladora AXTEL SAB de CV |
Diversified Telecommunication Services | 338,632 | 4,287 | ||||||||||
Corp. Inmobiliaria Vesta SAB de CV |
Real Estate Management & Development | 76,188 | 252,038 | |||||||||||
El Puerto de Liverpool SAB de CV, Class C1 |
Broadline Retail | 18,676 | 98,321 | |||||||||||
Fibra Uno Administracion SA de CV |
Diversified REITs | 269,808 | 451,013 |
248 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Latin America ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Mexico (continued) | ||||||||||||||
Fomento Economico Mexicano SAB de CV |
Beverages | 170,912 | $ | 1,871,835 | ||||||||||
Gruma SAB de CV, Class B |
Food Products | 18,284 | 314,032 | |||||||||||
Grupo Aeroportuario del Centro Norte SAB de CV |
Transportation Infrastructure | 25,844 | 281,275 | |||||||||||
Grupo Aeroportuario del Pacifico SAB de CV, Class B |
Transportation Infrastructure | 36,232 | 597,192 | |||||||||||
Grupo Aeroportuario del Sureste SAB de CV, Class B |
Transportation Infrastructure | 18,760 | 460,469 | |||||||||||
Grupo Bimbo SAB de CV |
Food Products | 207,816 | 1,004,730 | |||||||||||
Grupo Carso SAB de CV |
Industrial Conglomerates | 42,308 | 310,789 | |||||||||||
Grupo Comercial Chedraui SA de CV |
Consumer Staples Distribution & Retail | 43,288 | 254,893 | |||||||||||
Grupo Elektra SAB de CV |
Banks | 5,656 | 374,578 | |||||||||||
Grupo Financiero Banorte SAB de CV, Class O |
Banks | 270,508 | 2,274,300 | |||||||||||
a |
Grupo Financiero Inbursa SAB de CV, Class O |
Banks | 186,956 | 368,673 | ||||||||||
Grupo Mexico SAB de CV, Class B |
Metals & Mining | 296,436 | 1,407,084 | |||||||||||
Grupo Televisa SAB |
Media | 225,428 | 137,370 | |||||||||||
a |
Industrias Penoles SAB de CV |
Metals & Mining | 11,648 | 137,704 | ||||||||||
Kimberly-Clark de Mexico SAB de CV, Class A |
Household Products | 78,092 | 155,928 | |||||||||||
Megacable Holdings SAB de CV |
Media | 28,084 | 61,990 | |||||||||||
Operadora De Sites Mexicanos SAB de CV |
Diversified Telecommunication Services | 117,656 | 98,033 | |||||||||||
Orbia Advance Corp. SAB de CV |
Chemicals | 91,112 | 189,842 | |||||||||||
Prologis Property Mexico SA de CV |
Industrial REITs | 57,036 | 196,755 | |||||||||||
Promotora y Operadora de Infraestructura SAB de CV |
Transportation Infrastructure | 20,524 | 183,964 | |||||||||||
Qualitas Controladora SAB de CV |
Insurance | 15,932 | 120,050 | |||||||||||
Regional SAB de CV |
Banks | 22,372 | 161,136 | |||||||||||
a |
Sitios Latinoamerica SAB de CV |
Diversified Telecommunication Services | 165,564 | 66,117 | ||||||||||
Wal-Mart de Mexico SAB de CV, Class V |
Consumer Staples Distribution & Retail | 483,112 | 1,823,641 | |||||||||||
|
|
|||||||||||||
18,010,790 | ||||||||||||||
|
|
|||||||||||||
United States 1.0% | ||||||||||||||
GCC SAB de CV |
Construction Materials | 15,316 | 144,475 | |||||||||||
JBS SA |
Food Products | 126,000 | 454,387 | |||||||||||
|
|
|||||||||||||
598,862 | ||||||||||||||
|
|
|||||||||||||
Total
Common Stocks |
48,762,780 | |||||||||||||
|
|
|||||||||||||
Preferred Stocks 18.6% | ||||||||||||||
Brazil 16.7% | ||||||||||||||
a,c |
Alpargatas SA, pfd. |
Textiles, Apparel & Luxury Goods | 22,400 | 36,027 | ||||||||||
c |
Banco Bradesco SA, 5.993%, pfd. |
Banks | 487,200 | 1,391,944 | ||||||||||
c |
Bradespar SA, 12.315%, pfd. |
Metals & Mining | 24,000 | 108,943 | ||||||||||
a,c |
Braskem SA, Class A, pfd. |
Chemicals | 16,800 | 68,876 | ||||||||||
c |
Centrais Eletricas Brasileiras SA, Class B, 3.703%, pfd. |
Electric Utilities | 25,200 | 203,153 | ||||||||||
c |
Cia Energetica de Minas Gerais, 7.703%, pfd. |
Electric Utilities | 117,600 | 291,580 | ||||||||||
c |
Cia Paranaense de Energia, 3.482%, pfd. |
Electric Utilities | 126,000 | 225,557 | ||||||||||
c |
CTEEP-Cia de Transmissao de Energia Eletrica Paulista, 3.859%, pfd. |
Electric Utilities | 16,800 | 78,542 | ||||||||||
c |
Gerdau SA, 12.607%, pfd. |
Metals & Mining | 100,800 | 485,955 | ||||||||||
c |
Itau Unibanco Holding SA, 4.671%, pfd. |
Banks | 453,600 | 2,465,927 | ||||||||||
c |
Itausa SA, 6.464%, pfd. |
Banks | 488,786 | 883,783 | ||||||||||
a,c |
Itausa SA, pfd. |
Banks | 6,814 | 12,321 | ||||||||||
c |
Metalurgica Gerdau SA, 9.758%, pfd. |
Metals & Mining | 61,600 | 137,225 | ||||||||||
c |
Petroleo Brasileiro SA, 9.792%, pfd. |
Oil, Gas & Consumable Fuels | 526,400 | 3,643,110 | ||||||||||
c |
Unipar Carbocloro SA, Class B, 8.522%, pfd. |
Chemicals | 4,540 | 73,499 |
franklintempleton.com |
Semiannual Report |
249 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Latin America ETF (continued)
Industry | Shares | Value | ||||||||||||
Preferred Stocks (continued) |
||||||||||||||
Brazil (continued) | ||||||||||||||
c |
Usinas Siderurgicas de Minas Gerais SA Usiminas, Class A, 4.955%, pfd. |
Metals & Mining | 44,800 | $ | 59,433 | |||||||||
|
|
|||||||||||||
10,165,875 | ||||||||||||||
|
|
|||||||||||||
Chile 1.4% | ||||||||||||||
c |
Embotelladora Andina SA, Class B, 7.539%, pfd. |
Beverages | 35,252 | 78,881 | ||||||||||
c |
Sociedad Quimica y Minera de Chile SA,Class B, 0.017%, pfd. |
Electrical Equipment | 12,796 | 757,032 | ||||||||||
|
|
|||||||||||||
835,913 | ||||||||||||||
|
|
|||||||||||||
Colombia 0.5% | ||||||||||||||
c |
Bancolombia SA, 12.674%, pfd. |
Banks | 42,448 | 284,108 | ||||||||||
c |
Grupo Aval Acciones y Valores SA, 4.898%, pfd. |
Banks | 409,276 | 52,045 | ||||||||||
|
|
|||||||||||||
336,153 | ||||||||||||||
|
|
|||||||||||||
Total
Preferred Stocks |
11,337,941 | |||||||||||||
|
|
|||||||||||||
Rights 0.0%† | ||||||||||||||
Brazil 0.0%† | ||||||||||||||
a |
Localiza Rent a Car SA |
Ground Transportation | 577 | 1,844 | ||||||||||
|
|
|||||||||||||
Chile 0.0%† | ||||||||||||||
a |
Banco de Credito e Inversiones SA |
Banks | 837 | 697 | ||||||||||
|
|
|||||||||||||
Total Rights (Cost $0) |
2,541 | |||||||||||||
|
|
|||||||||||||
Total Investments (Cost $51,958,075) 98.7% |
60,103,262 | |||||||||||||
Other Assets, less Liabilities 1.3% |
774,038 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 60,877,300 | ||||||||||||
|
|
†Rounds to less than 0.1% of net assets.
aNon-income producing.
bSecurity was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. At September 30, 2023, the value of was $1,137,085, representing 1.9% of net assets.
cVariable rate security. The rate shown represents the yield at period end.
At September 30, 2023, the Fund had the following futures contracts outstanding. See Note 1(c).
Futures Contracts | ||||||||||||||||||||
Description | Type | Number of Contracts |
Notional Amount* |
Expiration Date |
Value/Unrealized Appreciation (Depreciation) |
|||||||||||||||
Equity Contracts | ||||||||||||||||||||
Bovespa Index |
Long | 25 | $ | 585,501 | 10/18/23 | $(10,223) | ||||||||||||||
Index Contracts | ||||||||||||||||||||
Mex Bolsa Index |
Long | 7 | 207,364 | 12/15/23 | (4,988) | |||||||||||||||
|
|
|||||||||||||||||||
Total Futures Contracts |
$(15,211) | |||||||||||||||||||
|
|
*As of period end.
See Note 7 regarding other derivative information.
See Abbreviations on page 324.
250 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE Mexico ETF
Six Months Ended September 30, 2023 (unaudited) |
Year Ended March 31, | |||||||||||||||||||||||
2023 | 2022 | 2021 | 2020 | 2019 | ||||||||||||||||||||
Per share operating performance (for a share outstanding throughout the period) |
||||||||||||||||||||||||
Net asset value, beginning of period |
$29.28 | $27.49 | $22.14 | $14.35 | $22.11 | $24.98 | ||||||||||||||||||
Income from investment operationsa: |
||||||||||||||||||||||||
Net investment incomeb |
0.47 | 0.91 | 0.66 | 0.33 | 0.64 | 0.51 | ||||||||||||||||||
Net realized and unrealized gains (losses) |
(0.56 | ) | 1.91 | 5.48 | 7.78 | (7.73 | ) | (2.86 | ) | |||||||||||||||
Total from investment operations |
(0.09 | ) | 2.82 | 6.14 | 8.11 | (7.09 | ) | (2.35 | ) | |||||||||||||||
Less distributions from net investment income |
(0.28 | ) | (1.03 | ) | (0.79 | ) | (0.32 | ) | (0.67 | ) | (0.52 | ) | ||||||||||||
Net asset value, end of period |
$28.91 | $29.28 | $27.49 | $22.14 | $14.35 | $22.11 | ||||||||||||||||||
Total returnc |
(0.38)% | 11.15% | 28.33% | 56.94% | (33.13)% | (9.28)% | ||||||||||||||||||
Ratios to average net assetsd | ||||||||||||||||||||||||
Total expenses |
0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | ||||||||||||||||||
Net investment income |
3.12% | 3.55% | 2.73% | 1.80% | 2.93% | 2.21% | ||||||||||||||||||
Supplemental data | ||||||||||||||||||||||||
Net assets, end of period (000’s) |
$30,352 | $24,890 | $12,372 | $5,536 | $2,871 | $4,422 | ||||||||||||||||||
Portfolio turnover ratee |
7.13%f | 11.16%f | 22.39%f | 18.32%f | 19.32%f | 10.31% |
aThe amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations for the period due to the timing of sales and repurchases of Creation Unit Fund shares in relation to income earned and/or fluctuating fair value of the investments of the Fund.
bBased on average daily shares outstanding.
cTotal return is not annualized for periods less than one year. Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period.
dRatios are annualized for periods less than one year.
ePortfolio turnover rate includes portfolio transactions that are executed as a result of the Fund offering and redeeming Creation Units solely for cash (“Cash creations”).
fPortfolio turnover rate excluding cash creations was as follows: | 7.13% | 11.16% | 22.39% | 18.32% | 19.32% | — |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
251 |
FRANKLIN TEMPLETON ETF TRUST
Schedule of Investments, September 30, 2023 (unaudited)
Franklin FTSE Mexico ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 99.9% |
||||||||||||||
Mexico 99.0% | ||||||||||||||
Alfa SAB de CV, Class A |
Industrial Conglomerates | 637,287 | $ | 415,849 | ||||||||||
Alpek SAB de CV |
Chemicals | 65,709 | 56,565 | |||||||||||
a |
Alsea SAB de CV |
Hotels, Restaurants & Leisure | 91,035 | 332,165 | ||||||||||
America Movil SAB de CV |
Wireless Telecommunication Services | 3,446,037 | 2,992,243 | |||||||||||
Arca Continental SAB de CV |
Beverages | 77,511 | 705,955 | |||||||||||
b |
Banco del Bajio SA |
Banks | 124,467 | 392,556 | ||||||||||
Becle SAB de CV |
Beverages | 94,668 | 226,068 | |||||||||||
a |
Cemex SAB de CV |
Construction Materials | 1,916,586 | 1,253,939 | ||||||||||
Coca-Cola Femsa SAB de CV |
Beverages | 92,295 | 726,421 | |||||||||||
Concentradora Fibra Danhos SA de CV |
Diversified REITs | 42,630 | 48,055 | |||||||||||
a |
Controladora AXTEL SAB de CV |
Diversified Telecommunication Services | 712,026 | 9,014 | ||||||||||
Corp. Inmobiliaria Vesta SAB de CV |
Real Estate Management & Development | 142,506 | 471,426 | |||||||||||
El Puerto de Liverpool SAB de CV, Class C1 |
Broadline Retail | 34,692 | 182,638 | |||||||||||
Fibra Uno Administracion SA de CV |
Diversified REITs | 504,735 | 843,718 | |||||||||||
Fomento Economico Mexicano SAB de CV |
Beverages | 274,281 | 3,003,936 | |||||||||||
Gruma SAB de CV, Class B |
Food Products | 34,209 | 587,548 | |||||||||||
Grupo Aeroportuario del Centro Norte SAB de CV |
Transportation Infrastructure | 48,342 | 526,133 | |||||||||||
Grupo Aeroportuario del Pacifico SAB de CV, Class B |
Transportation Infrastructure | 58,359 | 961,898 | |||||||||||
Grupo Aeroportuario del Sureste SAB de CV, Class B |
Transportation Infrastructure | 34,461 | 845,855 | |||||||||||
Grupo Bimbo SAB de CV |
Food Products | 283,605 | 1,371,148 | |||||||||||
Grupo Carso SAB de CV |
Industrial Conglomerates | 79,170 | 581,572 | |||||||||||
Grupo Comercial Chedraui SA de CV |
Consumer Staples Distribution & Retail | 80,997 | 476,935 | |||||||||||
Grupo Elektra SAB de CV |
Banks | 10,581 | 700,744 | |||||||||||
Grupo Financiero Banorte SAB de CV, Class O |
Banks | 431,634 | 3,628,969 | |||||||||||
a |
Grupo Financiero Inbursa SAB de CV, Class O |
Banks | 350,265 | 690,715 | ||||||||||
Grupo Mexico SAB de CV, Class B |
Metals & Mining | 480,459 | 2,280,580 | |||||||||||
Grupo Televisa SAB |
Media | 421,701 | 256,974 | |||||||||||
a |
Industrias Penoles SAB de CV |
Metals & Mining | 21,777 | 257,449 | ||||||||||
Kimberly-Clark de Mexico SAB de CV, Class A |
Household Products | 146,097 | 291,715 | |||||||||||
Megacable Holdings SAB de CV |
Media | 52,542 | 115,977 | |||||||||||
Operadora De Sites Mexicanos SAB de CV |
Diversified Telecommunication Services | 220,080 | 183,374 | |||||||||||
Orbia Advance Corp. SAB de CV |
Chemicals | 170,436 | 355,122 | |||||||||||
Prologis Property Mexico SA de CV |
Industrial REITs | 106,428 | 367,141 | |||||||||||
Promotora y Operadora de Infraestructura SAB de CV |
Transportation Infrastructure | 38,472 | 344,839 | |||||||||||
Qualitas Controladora SAB de CV |
Insurance | 29,589 | 222,958 | |||||||||||
Regional SAB de CV |
Banks | 41,559 | 299,332 | |||||||||||
a |
Sitios Latinoamerica SAB de CV |
Diversified Telecommunication Services | 310,590 | 124,032 | ||||||||||
Wal-Mart de Mexico SAB de CV, Class V |
Consumer Staples Distribution & Retail | 775,341 | 2,926,741 | |||||||||||
|
|
|||||||||||||
30,058,299 | ||||||||||||||
|
|
|||||||||||||
United States 0.9% |
||||||||||||||
GCC SAB de CV |
Construction Materials | 28,665 | 270,394 | |||||||||||
|
|
|||||||||||||
Total Common Stocks (Cost $28,789,597) |
30,328,693 | |||||||||||||
|
|
|||||||||||||
Total Investments (Cost $28,789,597) 99.9% |
30,328,693 | |||||||||||||
Other Assets, less Liabilities 0.1% |
22,995 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 30,351,688 | ||||||||||||
|
|
aNon-income producing.
bSecurity was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. At September 30, 2023, the value of was $392,556, representing 1.3% of net assets.
252 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE Saudi Arabia ETF
Six Months Ended (unaudited) |
Year Ended March 31, | |||||||||||||||||||||||
2023 | 2022 | 2021 | 2020 | 2019a | ||||||||||||||||||||
Per share operating performance (for a share outstanding throughout the period) |
||||||||||||||||||||||||
Net asset value, beginning of period |
$33.65 | $41.30 | $30.33 | $20.15 | $27.89 | $24.71 | ||||||||||||||||||
Income from investment operationsb: | ||||||||||||||||||||||||
Net investment incomec |
0.64 | 1.38 | 0.62 | 0.52 | 0.89 | 0.11 | ||||||||||||||||||
Net realized and unrealized gains (losses) |
0.35 | (8.40 | ) | 11.03 | 10.23 | (7.80 | ) | 3.07 | ||||||||||||||||
Total from investment operations |
0.99 | (7.02 | ) | 11.65 | 10.75 | (6.91 | ) | 3.18 | ||||||||||||||||
Less distributions from net investment income |
(0.48 | ) | (0.63 | ) | (0.68 | ) | (0.57 | ) | (0.83 | ) | — | |||||||||||||
Net asset value, end of period |
$34.16 | $33.65 | $41.30 | $30.33 | $20.15 | $27.89 | ||||||||||||||||||
Total returnd |
2.89% | (17.04)% | 38.99% | 54.12% | (25.51)% | 12.87% | ||||||||||||||||||
Ratios to average net assetse | ||||||||||||||||||||||||
Total expenses |
0.39% | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% | ||||||||||||||||||
Net investment income |
3.60% | 3.97% | 1.77% | 2.11% | 3.46% | 0.93% | ||||||||||||||||||
Supplemental data | ||||||||||||||||||||||||
Net assets, end of period (000’s) |
$22,207 | $21,874 | $4,130 | $3,033 | $2,015 | $2,789 | ||||||||||||||||||
Portfolio turnover ratef |
6.56%g | 5.44%g | 15.51%g | 16.74%g | 32.37%g | 12.41% |
aFor the period October 9, 2018 (commencement of operations) to March 31, 2019.
bThe amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations for the period due to the timing of sales and repurchases of Creation Unit Fund shares in relation to income earned and/or fluctuating fair value of the investments of the Fund.
cBased on average daily shares outstanding.
dTotal return is not annualized for periods less than one year. Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period.
eRatios are annualized for periods less than one year.
fPortfolio turnover rate includes portfolio transactions that are executed as a result of the Fund offering and redeeming Creation Units solely for cash (“Cash creations”).
gPortfolio turnover rate excluding cash creations was as follows: | 6.56% | 5.44% | 15.51% | 16.74% | 32.37% | — |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
253 |
FRANKLIN TEMPLETON ETF TRUST
Schedule of Investments, September 30, 2023 (unaudited)
Franklin FTSE Saudi Arabia ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 99.9% |
||||||||||||||
Saudi Arabia 99.9% | ||||||||||||||
Abdullah Al Othaim Markets Co. |
Consumer Staples Distribution & Retail | 34,346 | $ | 124,180 | ||||||||||
ACWA Power Co. |
Independent Power Producers & Energy Traders | 10,361 | 540,365 | |||||||||||
Advanced Petrochemical Co. |
Chemicals | 9,919 | 106,054 | |||||||||||
Al Rajhi Bank |
Banks | 152,607 | 2,762,873 | |||||||||||
Alinma Bank |
Banks | 76,297 | 679,470 | |||||||||||
Almarai Co. JSC |
Food Products | 18,967 | 321,642 | |||||||||||
Arab National Bank |
Banks | 51,831 | 331,679 | |||||||||||
Arabian Centres Co. Ltd. |
Real Estate Management & Development | 12,519 | 66,426 | |||||||||||
Arabian Drilling Co. |
Energy Equipment & Services | 2,080 | 104,265 | |||||||||||
Arabian Internet & Communications Services Co. |
IT Services | 1,950 | 166,172 | |||||||||||
Bank AlBilad |
Banks | 38,155 | 430,337 | |||||||||||
a |
Bank Al-Jazira |
Banks | 31,278 | 140,109 | ||||||||||
Banque Saudi Fransi |
Banks | 45,760 | 445,344 | |||||||||||
BinDawood Holding Co. |
Consumer Staples Distribution & Retail | 22,802 | 37,452 | |||||||||||
Bupa Arabia for Cooperative Insurance Co. |
Insurance | 5,772 | 320,115 | |||||||||||
Co. for Cooperative Insurance |
Insurance | 5,720 | 192,169 | |||||||||||
Dallah Healthcare Co. |
Health Care Providers & Services | 2,912 | 110,720 | |||||||||||
a |
Dar Al Arkan Real Estate Development Co. |
Real Estate Management & Development | 41,197 | 173,116 | ||||||||||
Dr Sulaiman Al Habib Medical Services Group Co. |
Health Care Providers & Services | 6,448 | 405,058 | |||||||||||
Elm Co. |
IT Services | 1,989 | 413,662 | |||||||||||
a |
Emaar Economic City |
Real Estate Management & Development | 28,444 | 60,673 | ||||||||||
Etihad Etisalat Co. |
Wireless Telecommunication Services | 29,380 | 348,993 | |||||||||||
Jarir Marketing Co. |
Specialty Retail | 45,786 | 177,018 | |||||||||||
Mobile Telecommunications Co. Saudi Arabia |
Wireless Telecommunication Services | 34,281 | 120,289 | |||||||||||
Mouwasat Medical Services Co. |
Health Care Providers & Services | 7,397 | 203,147 | |||||||||||
Nahdi Medical Co. |
Consumer Staples Distribution & Retail | 3,042 | 116,961 | |||||||||||
a |
National Industrialization Co., Class C |
Chemicals | 25,519 | 86,414 | ||||||||||
Power & Water Utility Co. for Jubail & Yanbu |
Multi-Utilities | 5,837 | 97,427 | |||||||||||
Qassim Cement Co. |
Construction Materials | 3,432 | 58,657 | |||||||||||
a |
Rabigh Refining & Petrochemical Co. |
Oil, Gas & Consumable Fuels | 32,526 | 94,011 | ||||||||||
Riyad Bank |
Banks | 114,452 | 846,843 | |||||||||||
SABIC Agri-Nutrients Co. |
Chemicals | 18,161 | 644,033 | |||||||||||
Sahara International Petrochemical Co. |
Chemicals | 27,625 | 278,427 | |||||||||||
Saudi Airlines Catering Co. |
Commercial Services & Supplies | 3,133 | 86,043 | |||||||||||
a |
Saudi Arabian Mining Co. |
Metals & Mining | 94,341 | 1,014,987 | ||||||||||
b |
Saudi Arabian Oil Co. |
Oil, Gas & Consumable Fuels | 239,772 | 2,237,604 | ||||||||||
Saudi Aramco Base Oil Co. |
Chemicals | 3,926 | 155,765 | |||||||||||
Saudi Awwal Bank |
Banks | 73,775 | 678,649 | |||||||||||
Saudi Basic Industries Corp. |
Chemicals | 70,070 | 1,541,355 | |||||||||||
Saudi Cement Co. |
Construction Materials | 5,837 | 81,241 | |||||||||||
Saudi Electricity Co. |
Electric Utilities | 60,853 | 309,258 | |||||||||||
Saudi Industrial Investment Group |
Chemicals | 28,795 | 182,423 | |||||||||||
Saudi Investment Bank |
Banks | 38,155 | 160,740 | |||||||||||
a |
Saudi Kayan Petrochemical Co. |
Chemicals | 57,226 | 190,730 | ||||||||||
Saudi National Bank |
Banks | 226,876 | 1,984,171 | |||||||||||
a |
Saudi Research & Media Group |
Media | 2,509 | 109,981 | ||||||||||
Saudi Tadawul Group Holding Co. |
Capital Markets | 3,731 | 191,999 | |||||||||||
Saudi Telecom Co. |
Diversified Telecommunication Services | 139,646 | 1,400,016 | |||||||||||
Saudia Dairy & Foodstuff Co. |
Food Products | 1,196 | 102,684 | |||||||||||
Savola Group |
Food Products | 20,371 | 195,810 | |||||||||||
a |
Seera Group Holding |
Hotels, Restaurants & Leisure | 11,453 | 77,413 | ||||||||||
Southern Province Cement Co. |
Construction Materials | 5,343 | 62,826 | |||||||||||
United Electronics Co. |
Specialty Retail | 3,055 | 61,500 | |||||||||||
Yamama Cement Co. |
Construction Materials | 7,722 | 68,357 | |||||||||||
Yanbu Cement Co. |
Construction Materials | 6,006 | 54,448 |
254 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Saudi Arabia ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
Saudi Arabia (continued) | ||||||||||||||
Yanbu National Petrochemical Co. |
Chemicals | 21,463 | $ | 238,068 | ||||||||||
|
|
|||||||||||||
Total Common Stocks (Cost $21,159,946) |
|
22,190,169 | ||||||||||||
|
|
|||||||||||||
Total Investments (Cost $21,159,946) 99.9% |
|
22,190,169 | ||||||||||||
Other Assets, less Liabilities 0.1% |
16,589 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 22,206,758 | ||||||||||||
|
|
aNon-income producing.
bSecurity was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. At September 30, 2023, the value of was $2,237,604, representing 10.1% of net assets.
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
255 |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE South Africa ETF
Six Months Ended (unaudited) |
Year Ended March 31, | |||||||||||||||||||||||
2023 | 2022 | 2021 | 2020 | 2019a | ||||||||||||||||||||
Per share operating performance (for a share outstanding throughout the period) |
||||||||||||||||||||||||
Net asset value, beginning of period |
$22.44 | $29.79 | $26.22 | $14.81 | $ 26.62 | $24.42 | ||||||||||||||||||
Income from investment operationsb: | ||||||||||||||||||||||||
Net investment incomec |
0.42 | 0.94 | 0.94 | 1.03 | 2.65 | 0.22 | ||||||||||||||||||
Net realized and unrealized gains (losses) |
(2.43 | ) | (7.21 | ) | 3.35 | 11.33 | (11.76 | ) | 2.04 | |||||||||||||||
Total from investment operations |
(2.01 | ) | (6.27 | ) | 4.29 | 12.36 | (9.11 | ) | 2.26 | |||||||||||||||
Less distributions from net investment income |
(0.43 | ) | (1.08 | ) | (0.72 | ) | (0.95 | ) | (2.70 | ) | (0.06 | ) | ||||||||||||
Net asset value, end of period |
$20.00 | $22.44 | $29.79 | $26.22 | $ 14.81 | $26.62 | ||||||||||||||||||
Total returnd |
(9.14)% | (20.97)% | 16.82% | 85.24% | (38.46)% | 9.26% | ||||||||||||||||||
Ratios to average net assetse | ||||||||||||||||||||||||
Total expenses |
0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | ||||||||||||||||||
Net investment income |
3.88% | 4.03% | 3.56% | 4.94% | 10.42% | 1.75% | ||||||||||||||||||
Supplemental data | ||||||||||||||||||||||||
Net assets, end of period (000’s) |
$2,000 | $2,244 | $5,958 | $2,622 | $1,481 | $2,662 | ||||||||||||||||||
Portfolio turnover ratef |
5.80%g | 7.91%g | 13.19%g | 11.08%g | 21.44%g | 7.12% | ||||||||||||||||||
aFor the period October 10, 2018 (commencement of operations) to March 31, 2019.
bThe amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations for the period due to the timing of sales and repurchases of Creation Unit Fund shares in relation to income earned and/or fluctuating fair value of the investments of the Fund.
cBased on average daily shares outstanding.
dTotal return is not annualized for periods less than one year. Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period.
eRatios are annualized for periods less than one year.
fPortfolio turnover rate includes portfolio transactions that are executed as a result of the Fund offering and redeeming Creation Units solely for cash (“Cash creations”).
|
| |||||||||||||||||||||||
gPortfolio turnover rate excluding cash creations was as follows: | 5.80% | 7.91% | 13.19% | 11.08% | 21.44% | — |
256 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Schedule of Investments, September 30, 2023 (unaudited)
Franklin FTSE South Africa ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 100.0% |
||||||||||||||
Luxembourg 1.5% | ||||||||||||||
Reinet Investments SCA |
Capital Markets | 1,322 | $ | 29,173 | ||||||||||
|
|
|||||||||||||
Romania 1.3% | ||||||||||||||
a |
NEPI Rockcastle NV |
Real Estate Management & Development | 4,730 | 26,136 | ||||||||||
|
|
|||||||||||||
South Africa 93.9% | ||||||||||||||
Absa Group Ltd. |
Banks | 8,088 | 75,057 | |||||||||||
African Rainbow Minerals Ltd. |
Metals & Mining | 1,026 | 9,263 | |||||||||||
Anglo American Platinum Ltd. |
Metals & Mining | 552 | 20,685 | |||||||||||
Aspen Pharmacare Holdings Ltd. |
Pharmaceuticals | 3,600 | 32,833 | |||||||||||
Bid Corp. Ltd. |
Consumer Staples Distribution & Retail | 3,252 | 72,888 | |||||||||||
Bidvest Group Ltd. |
Industrial Conglomerates | 3,320 | 48,071 | |||||||||||
Capitec Bank Holdings Ltd. |
Banks | 830 | 75,616 | |||||||||||
Clicks Group Ltd. |
Consumer Staples Distribution & Retail | 2,386 | 32,758 | |||||||||||
a |
Discovery Ltd. |
Insurance | 5,196 | 37,829 | ||||||||||
Exxaro Resources Ltd. |
Oil, Gas & Consumable Fuels | 2,356 | 21,557 | |||||||||||
FirstRand Ltd. |
Financial Services | 48,950 | 165,926 | |||||||||||
Foschini Group Ltd. |
Specialty Retail | 3,138 | 16,472 | |||||||||||
Gold Fields Ltd. |
Metals & Mining | 8,606 | 93,787 | |||||||||||
Growthpoint Properties Ltd. |
Diversified REITs | 33,256 | 18,623 | |||||||||||
Harmony Gold Mining Co. Ltd. |
Metals & Mining | 5,306 | 20,002 | |||||||||||
Impala Platinum Holdings Ltd. |
Metals & Mining | 7,872 | 41,308 | |||||||||||
Investec Ltd. |
Capital Markets | 2,638 | 15,252 | |||||||||||
Kumba Iron Ore Ltd. |
Metals & Mining | 530 | 12,794 | |||||||||||
Life Healthcare Group Holdings Ltd. |
Health Care Providers & Services | 13,424 | 14,436 | |||||||||||
Mr Price Group Ltd. |
Specialty Retail | 2,430 | 17,922 | |||||||||||
MTN Group Ltd. |
Wireless Telecommunication Services | 17,634 | 105,630 | |||||||||||
a |
MultiChoice Group |
Media | 2,852 | 11,209 | ||||||||||
Naspers Ltd., Class N |
Broadline Retail | 1,836 | 294,856 | |||||||||||
Nedbank Group Ltd. |
Banks | 4,488 | 48,200 | |||||||||||
Northam Platinum Holdings Ltd. |
Metals & Mining | 3,520 | 21,453 | |||||||||||
Old Mutual Ltd. |
Insurance | 43,244 | 27,683 | |||||||||||
OUTsurance Group Ltd. |
Insurance | 8,212 | 18,639 | |||||||||||
b |
Pepkor Holdings Ltd. |
Specialty Retail | 20,150 | 18,450 | ||||||||||
Remgro Ltd. |
Financial Services | 4,964 | 39,128 | |||||||||||
Sanlam Ltd. |
Insurance | 16,932 | 59,021 | |||||||||||
Santam Ltd. |
Insurance | 394 | 6,315 | |||||||||||
Sasol Ltd. |
Chemicals | 5,644 | 78,198 | |||||||||||
Shoprite Holdings Ltd. |
Consumer Staples Distribution & Retail | 4,674 | 59,504 | |||||||||||
Sibanye Stillwater Ltd. |
Metals & Mining | 27,368 | 42,462 | |||||||||||
Standard Bank Group Ltd. |
Banks | 13,086 | 127,613 | |||||||||||
Tiger Brands Ltd. |
Food Products | 1,520 | 12,381 | |||||||||||
Vodacom Group Ltd. |
Wireless Telecommunication Services | 5,826 | 32,706 | |||||||||||
Woolworths Holdings Ltd. |
Broadline Retail | 8,810 | 31,720 | |||||||||||
|
|
|||||||||||||
1,878,247 | ||||||||||||||
|
|
|||||||||||||
United Kingdom 3.3% | ||||||||||||||
Anglo gold Ashanti PLC |
Metals & Mining | 4,102 | 66,348 | |||||||||||
|
|
|||||||||||||
Total Common Stocks (Cost $2,618,881) |
1,999,904 | |||||||||||||
|
|
|||||||||||||
Total Investments (Cost $2,618,881) 100.0% |
1,999,904 | |||||||||||||
Other Assets, less Liabilities 0.0%† |
(65 | ) | ||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 1,999,839 | ||||||||||||
|
|
†Rounds to less than 0.1% of net assets.
aNon-income producing.
bSecurity was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. At September 30, 2023, the value of was $18,450, representing 0.9% of net assets.
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
257 |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE South Korea ETF
Six Months Ended (unaudited) |
Year Ended March 31, | |||||||||||||||||||||||
2023 | 2022 | 2021 | 2020 | 2019 | ||||||||||||||||||||
Per share operating performance (for a share outstanding throughout the period) |
||||||||||||||||||||||||
Net asset value, beginning of period |
$21.08 | $25.57 | $31.48 | $16.52 | $21.19 | $25.98 | ||||||||||||||||||
Income from investment operationsa: | ||||||||||||||||||||||||
Net investment incomeb |
0.09 | 0.49 | 0.55 | 0.54 | 0.36 | 0.40 | ||||||||||||||||||
Net realized and unrealized gains (losses) |
(0.62 | ) | (4.37 | ) | (5.87 | ) | 14.72 | (4.58 | ) | (4.81 | ) | |||||||||||||
Total from investment operations |
(0.53 | ) | (3.88 | ) | (5.32 | ) | 15.26 | (4.22 | ) | (4.41 | ) | |||||||||||||
Less distributions from net investment income |
(0.17 | ) | (0.61 | ) | (0.59 | ) | (0.30 | ) | (0.45 | ) | (0.38 | ) | ||||||||||||
Net asset value, end of period |
$20.38 | $21.08 | $25.57 | $31.48 | $16.52 | $21.19 | ||||||||||||||||||
Total returnc |
(2.61)% | (15.00)% | (17.15)% | 92.55% | (20.24)% | (16.92)% | ||||||||||||||||||
Ratios to average net assetsd | ||||||||||||||||||||||||
Expenses before waiver and payments by affiliates |
0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | ||||||||||||||||||
Expenses net of waiver and payments by affiliates |
0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | ||||||||||||||||||
Net investment income |
0.79% | 2.36% | 1.86% | 2.07% | 1.78% | 1.74% | ||||||||||||||||||
Supplemental data | ||||||||||||||||||||||||
Net assets, end of period (000’s) |
$320,000 | $293,049 | $61,361 | $62,966 | $11,562 | $16,948 | ||||||||||||||||||
Portfolio turnover ratee |
5.83%f | 5.97%f | 27.38%f | 8.65%f | 21.72%f | 5.21% | ||||||||||||||||||
aThe amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations for the period due to the timing of sales and repurchases of Creation Unit Fund shares in relation to income earned and/or fluctuating fair value of the investments of the Fund.
bBased on average daily shares outstanding.
cTotal return is not annualized for periods less than one year. Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period.
dRatios are annualized for periods less than one year.
ePortfolio turnover rate includes portfolio transactions that are executed as a result of the Fund offering and redeeming Creation Units solely for cash (“Cash creations”).
|
| |||||||||||||||||||||||
fPortfolio turnover rate excluding cash creations was as follows: | 3.90% | 5.97% | 10.53% | 8.65% | 8.02% | — |
258 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Schedule of Investments, September 30, 2023 (unaudited)
Franklin FTSE South Korea ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 94.0% |
||||||||||||||
South Korea 94.0% | ||||||||||||||
a |
Alteogen, Inc., Class A |
Biotechnology | 15,554 | $ | 784,962 | |||||||||
Amorepacific Corp., Class H |
Personal Care Products | 13,398 | 1,211,321 | |||||||||||
AMOREPACIFIC Group, Class A |
Personal Care Products | 11,550 | 260,632 | |||||||||||
BGF retail Co. Ltd. |
Consumer Staples Distribution & Retail | 3,696 | 386,198 | |||||||||||
BNK Financial Group, Inc., Class H |
Banks | 126,588 | 642,602 | |||||||||||
Celltrion Healthcare Co. Ltd., Class A |
Health Care Providers & Services | 45,122 | 2,106,630 | |||||||||||
a |
Celltrion Pharm, Inc., Class A |
Pharmaceuticals | 9,240 | 457,412 | ||||||||||
Celltrion, Inc., Class A |
Biotechnology | 50,512 | 5,210,664 | |||||||||||
Cheil Worldwide, Inc., Class A |
Media | 31,724 | 471,370 | |||||||||||
CJ CheilJedang Corp., Class A |
Food Products | 3,542 | 805,835 | |||||||||||
CJ Corp., Class A |
Industrial Conglomerates | 5,852 | 389,439 | |||||||||||
a |
CJ ENM Co. Ltd., Class A |
Entertainment | 4,620 | 195,153 | ||||||||||
CJ Logistics Corp., Class A |
Air Freight & Logistics | 3,696 | 221,311 | |||||||||||
a |
CosmoAM&T Co. Ltd. |
Technology Hardware, Storage & Peripherals | 10,164 | 1,125,316 | ||||||||||
Coway Co. Ltd. |
Household Durables | 25,872 | 791,843 | |||||||||||
a |
Daewoo Engineering & Construction Co. Ltd., Class A |
Construction & Engineering | 90,706 | 282,658 | ||||||||||
DB Insurance Co. Ltd., Class A |
Insurance | 20,328 | 1,346,764 | |||||||||||
DGB Financial Group, Inc., Class A |
Banks | 70,224 | 409,562 | |||||||||||
DL E&C Co. Ltd., Class A |
Construction & Engineering | 13,552 | 312,839 | |||||||||||
DL Holdings Co. Ltd., Class A |
Chemicals | 5,698 | 179,461 | |||||||||||
Dongsuh Cos., Inc., Class A |
Consumer Staples Distribution & Retail | 13,860 | 172,762 | |||||||||||
Doosan Bobcat, Inc., Class A |
Machinery | 22,484 | 849,773 | |||||||||||
a |
Doosan Enerbility Co. Ltd., Class H |
Electrical Equipment | 194,348 | 2,366,339 | ||||||||||
Ecopro BM Co. Ltd. |
Electrical Equipment | 20,944 | 3,926,806 | |||||||||||
Ecopro Co. Ltd. |
Chemicals | 8,778 | 5,861,107 | |||||||||||
E-MART, Inc., Class A |
Consumer Staples Distribution & Retail | 8,932 | 465,994 | |||||||||||
F&F Co. Ltd. |
Textiles, Apparel & Luxury Goods | 7,238 | 606,117 | |||||||||||
Fila Holdings Corp. |
Textiles, Apparel & Luxury Goods | 23,562 | 630,345 | |||||||||||
Green Cross Corp. |
Biotechnology | 2,464 | 198,486 | |||||||||||
GS Engineering & Construction Corp. |
Construction & Engineering | 28,490 | 296,217 | |||||||||||
GS Holdings Corp. |
Industrial Conglomerates | 20,482 | 605,626 | |||||||||||
GS Retail Co. Ltd. |
Consumer Staples Distribution & Retail | 18,018 | 315,789 | |||||||||||
Hana Financial Group, Inc. |
Banks | 131,824 | 4,146,976 | |||||||||||
Hanjin Kal Corp. |
Passenger Airlines | 14,476 | 454,319 | |||||||||||
Hankook Tire & Technology Co. Ltd. |
Automobile Components | 33,726 | 989,736 | |||||||||||
Hanmi Pharm Co. Ltd. |
Pharmaceuticals | 3,542 | 784,836 | |||||||||||
Hanmi Science Co. Ltd. |
Pharmaceuticals | 11,088 | 270,750 | |||||||||||
Hanon Systems |
Automobile Components | 73,612 | 513,877 | |||||||||||
Hanwha Aerospace Co. Ltd. |
Aerospace & Defense | 15,862 | 1,229,558 | |||||||||||
Hanwha Corp. |
Industrial Conglomerates | 20,636 | 366,261 | |||||||||||
Hanwha Corp. |
Industrial Conglomerates | 10,164 | 103,870 | |||||||||||
a |
Hanwha Life Insurance Co. Ltd. |
Insurance | 164,626 | 348,308 | ||||||||||
aHanwha Ocean Co. Ltd., Class A |
Machinery | 21,868 | 501,567 | |||||||||||
a |
Hanwha Solutions Corp. |
Chemicals | 47,432 | 1,045,726 | ||||||||||
HD Hyundai Co. Ltd. |
Oil, Gas & Consumable Fuels | 19,250 | 945,809 | |||||||||||
a |
HD Hyundai Heavy Industries Co. Ltd. |
Machinery | 8,624 | 774,588 | ||||||||||
HD Hyundai Infracore Co. Ltd. |
Machinery | 63,140 | 495,986 | |||||||||||
a |
HD Korea Shipbuilding & Offshore Engineering Co. Ltd. |
Machinery | 19,712 | 1,621,485 | ||||||||||
Hite Jinro Co. Ltd. |
Beverages | 13,860 | 194,024 | |||||||||||
HL Mando Co. Ltd. |
Automobile Components | 15,092 | 469,738 | |||||||||||
a |
HLB, Inc. |
Health Care Equipment & Supplies | 49,126 | 1,092,174 | ||||||||||
HMM Co. Ltd. |
Marine Transportation | 133,364 | 1,607,010 | |||||||||||
Hotel Shilla Co. Ltd. |
Specialty Retail | 14,168 | 889,306 | |||||||||||
a |
HYBE Co. Ltd. |
Entertainment | 8,316 | 1,466,732 | ||||||||||
Hyundai Department Store Co. Ltd. |
Broadline Retail | 6,622 | 312,108 |
franklintempleton.com |
Semiannual Report |
259 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE South Korea ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
South Korea (continued) | ||||||||||||||
Hyundai Engineering & Construction Co. Ltd. |
Construction & Engineering | 33,264 | $ | 893,597 | ||||||||||
Hyundai Glovis Co. Ltd. |
Air Freight & Logistics | 8,470 | 1,157,454 | |||||||||||
Hyundai Marine & Fire Insurance Co. Ltd. |
Insurance | 26,642 | 640,679 | |||||||||||
a |
Hyundai Mipo Dockyard Co. Ltd. |
Machinery | 9,240 | 568,341 | ||||||||||
Hyundai Mobis Co. Ltd. |
Automobile Components | 28,336 | 5,050,250 | |||||||||||
Hyundai Motor Co. |
Automobiles | 63,140 | 8,941,792 | |||||||||||
Hyundai Steel Co. |
Metals & Mining | 38,500 | 1,085,612 | |||||||||||
Hyundai Wia Corp. |
Automobile Components | 7,238 | 341,678 | |||||||||||
Industrial Bank of Korea |
Banks | 124,586 | 1,034,985 | |||||||||||
Kakao Corp. |
Interactive Media & Services | 139,062 | 4,529,254 | |||||||||||
a |
Kakao Games Corp. |
Entertainment | 18,480 | 348,537 | ||||||||||
KakaoBank Corp. |
Banks | 98,098 | 1,697,487 | |||||||||||
a |
Kakaopay Corp. |
Financial Services | 9,702 | 292,987 | ||||||||||
Kangwon Land, Inc. |
Hotels, Restaurants & Leisure | 48,664 | 544,558 | |||||||||||
KB Financial Group, Inc. |
Banks | 172,788 | 7,081,056 | |||||||||||
KCC Corp. |
Chemicals | 1,848 | 337,581 | |||||||||||
KEPCO Plant Service & Engineering Co. Ltd. |
Commercial Services & Supplies | 9,548 | 232,084 | |||||||||||
Kia Corp. |
Automobiles | 111,958 | 6,753,654 | |||||||||||
Korea Aerospace Industries Ltd. |
Aerospace & Defense | 32,186 | 1,163,982 | |||||||||||
a |
Korea Electric Power Corp. |
Electric Utilities | 116,732 | 1,558,849 | ||||||||||
a |
Korea Gas Corp. |
Gas Utilities | 11,704 | 207,296 | ||||||||||
Korea Investment Holdings Co. Ltd. |
Capital Markets | 17,402 | 684,783 | |||||||||||
Korea Zinc Co. Ltd. |
Metals & Mining | 4,620 | 1,732,414 | |||||||||||
Korean Air Lines Co. Ltd. |
Passenger Airlines | 84,700 | 1,365,218 | |||||||||||
a |
Krafton, Inc. |
Entertainment | 13,244 | 1,478,099 | ||||||||||
KT&G Corp. |
Tobacco | 47,124 | 3,013,785 | |||||||||||
Kumho Petrochemical Co. Ltd. |
Chemicals | 7,700 | 765,207 | |||||||||||
L&F Co. Ltd. |
Electronic Equipment, Instruments & Components | 11,396 | 1,464,404 | |||||||||||
LG Chem Ltd. |
Chemicals | 21,714 | 7,989,478 | |||||||||||
LG Corp. |
Industrial Conglomerates | 41,118 | 2,553,497 | |||||||||||
a |
LG Display Co. Ltd. |
Electronic Equipment, Instruments & Components | 102,102 | 991,965 | ||||||||||
LG Electronics, Inc. |
Household Durables | 49,280 | 3,684,861 | |||||||||||
a |
LG Energy Solution Ltd. |
Electrical Equipment | 18,326 | 6,471,275 | ||||||||||
LG H&H Co. Ltd. |
Personal Care Products | 4,312 | 1,426,788 | |||||||||||
LG Innotek Co. Ltd. |
Electronic Equipment, Instruments & Components | 6,468 | 1,171,948 | |||||||||||
LG Uplus Corp. |
Diversified Telecommunication Services | 96,866 | 743,687 | |||||||||||
Lotte Chemical Corp. |
Chemicals | 8,316 | 844,912 | |||||||||||
Lotte Chilsung Beverage Co. Ltd. |
Beverages | 1,540 | 142,998 | |||||||||||
Lotte Corp. |
Industrial Conglomerates | 11,858 | 223,645 | |||||||||||
Lotte Energy Materials Corp. |
Electronic Equipment, Instruments & Components | 9,702 | 286,157 | |||||||||||
LOTTE Fine Chemical Co. Ltd. |
Chemicals | 6,622 | 287,081 | |||||||||||
Lotte Shopping Co. Ltd. |
Broadline Retail | 5,082 | 269,277 | |||||||||||
LS Corp. |
Electrical Equipment | 7,854 | 591,349 | |||||||||||
Meritz Financial Group, Inc. |
Financial Services | 46,046 | 1,883,607 | |||||||||||
Mirae Asset Securities Co. Ltd. |
Capital Markets | 119,658 | 571,954 | |||||||||||
Mirae Asset Securities Co. Ltd. |
Capital Markets | 61,908 | 162,179 | |||||||||||
NAVER Corp. |
Interactive Media & Services | 65,912 | 9,842,351 | |||||||||||
NCSoft Corp. |
Entertainment | 7,238 | 1,193,460 | |||||||||||
a,b |
Netmarble Corp. |
Entertainment | 9,856 | 307,498 | ||||||||||
NH Investment & Securities Co. Ltd., Class C |
Capital Markets | 62,216 | 471,208 | |||||||||||
NongShim Co. Ltd. |
Food Products | 1,540 | 539,810 | |||||||||||
a |
OCI Co. Ltd. |
Chemicals | 2,618 | 236,501 | ||||||||||
OCI Holdings Co. Ltd. |
Chemicals | 5,698 | 411,705 | |||||||||||
Orion Corp. |
Food Products | 9,856 | 937,102 | |||||||||||
Ottogi Corp. |
Food Products | 616 | 166,622 | |||||||||||
Pan Ocean Co. Ltd. |
Marine Transportation | 110,418 | 405,864 | |||||||||||
a |
Paradise Co. Ltd. |
Hotels, Restaurants & Leisure | 21,252 | 256,240 |
260 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE South Korea ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
||||||||||||||
South Korea (continued) | ||||||||||||||
a |
Pearl Abyss Corp. |
Entertainment | 15,092 | $ | 521,185 | |||||||||
POSCO Future M Co. Ltd. |
Electrical Equipment | 13,090 | 3,487,368 | |||||||||||
POSCO Holdings, Inc. |
Metals & Mining | 34,342 | 13,615,659 | |||||||||||
Posco International Corp. |
Trading Companies & Distributors | 20,790 | 1,100,049 | |||||||||||
S-1 Corp. |
Commercial Services & Supplies | 8,778 | 368,189 | |||||||||||
a,b |
Samsung Biologics Co. Ltd. |
Life Sciences Tools & Services | 8,116 | 4,095,891 | ||||||||||
Samsung C&T Corp. |
Industrial Conglomerates | 38,346 | 3,057,677 | |||||||||||
Samsung Card Co. Ltd. |
Consumer Finance | 13,706 | 309,284 | |||||||||||
Samsung Electro-Mechanics Co. Ltd. |
Electronic Equipment, Instruments & Components | 25,410 | 2,587,323 | |||||||||||
Samsung Electronics Co. Ltd. |
Technology Hardware, Storage & Peripherals | 1,086,624 | 55,080,096 | |||||||||||
a |
Samsung Engineering Co. Ltd. |
Construction & Engineering | 72,072 | 1,615,665 | ||||||||||
Samsung Fire & Marine Insurance Co. Ltd. |
Insurance | 15,092 | 2,913,492 | |||||||||||
a |
Samsung Heavy Industries Co. Ltd. |
Machinery | 297,836 | 1,730,424 | ||||||||||
Samsung Life Insurance Co. Ltd. |
Insurance | 34,034 | 1,773,077 | |||||||||||
Samsung SDI Co. Ltd. |
Electronic Equipment, Instruments & Components | 24,024 | 9,115,376 | |||||||||||
Samsung SDS Co. Ltd. |
IT Services | 16,632 | 1,666,405 | |||||||||||
Samsung Securities Co. Ltd. |
Capital Markets | 28,952 | 788,488 | |||||||||||
SD Biosensor, Inc. |
Health Care Equipment & Supplies | 15,400 | 129,760 | |||||||||||
Seegene, Inc. |
Biotechnology | 11,858 | 187,615 | |||||||||||
Shinhan Financial Group Co. Ltd. |
Banks | 226,072 | 5,964,253 | |||||||||||
Shinsegae, Inc. |
Broadline Retail | 3,234 | 455,598 | |||||||||||
a |
SK Biopharmaceuticals Co. Ltd. |
Pharmaceuticals | 12,936 | 826,355 | ||||||||||
a |
SK Bioscience Co. Ltd. |
Biotechnology | 10,934 | 548,564 | ||||||||||
SK Chemicals Co. Ltd. |
Chemicals | 4,466 | 208,837 | |||||||||||
SK Hynix, Inc. |
Semiconductors & Semiconductor Equipment | 247,478 | 21,035,813 | |||||||||||
a,b |
SK IE Technology Co. Ltd. |
Chemicals | 11,704 | 641,838 | ||||||||||
a |
SK Innovation Co. Ltd. |
Oil, Gas & Consumable Fuels | 26,796 | 2,954,828 | ||||||||||
SK Networks Co. Ltd. |
Trading Companies & Distributors | 56,672 | 256,187 | |||||||||||
a |
SK Square Co. Ltd. |
Industrial Conglomerates | 45,122 | 1,419,467 | ||||||||||
SK, Inc. |
Industrial Conglomerates | 16,016 | 1,735,245 | |||||||||||
SKC Co. Ltd. |
Chemicals | 8,316 | 467,752 | |||||||||||
S-Oil Corp. |
Oil, Gas & Consumable Fuels | 18,788 | 1,102,719 | |||||||||||
Solus Advanced Materials Co. Ltd. |
Electronic Equipment, Instruments & Components | 6,160 | 133,070 | |||||||||||
SSANGYONG C&E Co. Ltd. |
Construction Materials | 49,896 | 203,001 | |||||||||||
Wemade Co. Ltd. |
Entertainment | 7,854 | 214,771 | |||||||||||
Woori Financial Group, Inc. |
Banks | 301,840 | 2,742,373 | |||||||||||
Yuhan Corp. |
Pharmaceuticals | 24,178 | 1,358,154 | |||||||||||
|
|
|||||||||||||
Total
Common Stocks |
300,954,567 | |||||||||||||
|
|
|||||||||||||
Preferred Stocks 3.6% | ||||||||||||||
South Korea 3.6% | ||||||||||||||
c |
Amorepacific Corp., 1.908%, pfd. |
Personal Care Products | 4,928 | 131,107 | ||||||||||
c |
CJ CheilJedang Corp., 1.494%, pfd. |
Food Products | 616 | 61,125 | ||||||||||
c |
Hyundai Motor Co., 1.416%, pfd. |
Automobiles | 16,016 | 1,256,925 | ||||||||||
c |
Hyundai Motor Co., 1.427%, pfd. |
Automobiles | 10,010 | 779,644 | ||||||||||
c |
LG Chem Ltd., 3.221%, pfd. |
Chemicals | 3,542 | 818,959 | ||||||||||
c |
LG Electronics, Inc., 1.659%, pfd. |
Household Durables | 8,008 | 268,239 | ||||||||||
c |
LG H&H Co. Ltd., 2.322%, pfd. |
Personal Care Products | 924 | 119,420 | ||||||||||
c |
Samsung Electronics Co. Ltd., 1.989%, pfd. |
Technology Hardware, Storage & Peripherals | 189,112 | 7,637,916 | ||||||||||
c |
Samsung Fire & Marine Insurance Co. Ltd., 7.3%, pfd. |
Insurance | 1,232 | 172,648 | ||||||||||
c |
Samsung SDI Co. Ltd., 0.442%, pfd. |
Electronic Equipment, Instruments & Components | 616 | 111,614 | ||||||||||
|
|
|||||||||||||
Total
Preferred Stocks |
11,357,597 | |||||||||||||
|
|
franklintempleton.com |
Semiannual Report |
261 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE South Korea ETF (continued)
Industry | Shares | Value | ||||||||||||
Right 0.0%† |
||||||||||||||
South Korea 0.0%† | ||||||||||||||
a |
Hanwha Ocean Co. Ltd. |
Machinery | 7,219 | $ | 48,683 | |||||||||
|
|
|||||||||||||
Total Rights (Cost $0) |
48,683 | |||||||||||||
|
|
|||||||||||||
Total
Investments |
312,360,847 | |||||||||||||
Other Assets, less Liabilities 2.4% |
7,638,806 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 319,999,653 | ||||||||||||
|
|
†Rounds to less than 0.1% of net assets.
aNon-income producing.
bSecurity was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. At September 30, 2023, the value of was $5,045,227, representing 1.6% of net assets. cVariable rate security. The rate shown represents the yield at period end.
At September 30, 2023, the Fund had the following futures contracts outstanding. See Note 1(c).
Futures Contracts | ||||||||||||||||||||
Description | Type |
Number of Contracts |
Notional Amount* |
Expiration Date |
Value/Unrealized Appreciation (Depreciation) |
|||||||||||||||
Index Contracts | ||||||||||||||||||||
Kospi 200 Mini |
Long | 23 | $ | 1,401,919 | 12/14/23 | $ | (19,714 | ) |
*As of period end.
See Note 7 regarding other derivative information.
See Abbreviations on page 324.
262 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE Switzerland ETF
Six Months Ended September 30, 2023 (unaudited) |
Year Ended March 31, | |||||||||||||||||||||||
2023 | 2022 | 2021 | 2020 | 2019 | ||||||||||||||||||||
Per share operating performance (for a share outstanding throughout the period) |
||||||||||||||||||||||||
Net asset value, beginning of period |
$31.21 | $34.00 | $30.36 | $24.44 | $23.86 | $23.11 | ||||||||||||||||||
|
|
|||||||||||||||||||||||
Income from investment operationsa: | ||||||||||||||||||||||||
Net investment incomeb |
0.49 | 0.66 | 0.70 | 0.88 | 1.06 | 0.53 | ||||||||||||||||||
Net realized and unrealized gains (losses) |
(0.94 | ) | (2.86 | ) | 3.62 | 5.74 | (0.16 | ) | 0.83 | |||||||||||||||
|
|
|||||||||||||||||||||||
Total from investment operations |
(0.45 | ) | (2.20 | ) | 4.32 | 6.62 | 0.90 | 1.36 | ||||||||||||||||
|
|
|||||||||||||||||||||||
Less distributions from net investment income | (0.74 | ) | (0.59 | ) | (0.68 | ) | (0.70 | ) | (0.32 | ) | (0.61 | ) | ||||||||||||
|
|
|||||||||||||||||||||||
Net asset value, end of period |
$30.02 | $31.21 | $34.00 | $30.36 | $24.44 | $23.86 | ||||||||||||||||||
|
|
|||||||||||||||||||||||
Total returnc |
(1.61)% | (6.23)% | 14.22% | 27.54% | 3.70% | 6.13% | ||||||||||||||||||
Ratios to average net assetsd | ||||||||||||||||||||||||
Total expenses |
0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | ||||||||||||||||||
Net investment income |
3.07% | 2.24% | 2.07% | 3.13% | 4.12% | 2.35% | ||||||||||||||||||
Supplemental data | ||||||||||||||||||||||||
Net assets, end of period (000’s) |
$42,022 | $49,941 | $47,593 | $48,570 | $34,213 | $2,386 | ||||||||||||||||||
Portfolio turnover ratee |
15.10%f | 7.89%f | 13.99%f | 12.59%f | 16.25%f | 14.06%f | ||||||||||||||||||
aThe amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations for the period due to the timing of sales and repurchases of Creation Unit Fund shares in relation to income earned and/or fluctuating fair value of the investments of the Fund.
bBased on average daily shares outstanding.
cTotal return is not annualized for periods less than one year. Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period.
dRatios are annualized for periods less than one year.
ePortfolio turnover rate includes portfolio transactions that are executed as a result of the Fund offering and redeeming Creation Units solely for cash (“Cash creations”).
|
| |||||||||||||||||||||||
fPortfolio turnover rate excluding cash creations was as follows: |
15.10% | 7.89% | 13.99% | 12.59% | 16.25% | — |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
263 |
FRANKLIN TEMPLETON ETF TRUST
Schedule of Investments, September 30, 2023 (unaudited)
Franklin FTSE Switzerland ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 98.1% |
||||||||||||||
Switzerland 95.6% | ||||||||||||||
ABB Ltd. |
Electrical Equipment | 43,456 | $ | 1,558,108 | ||||||||||
Adecco Group AG |
Professional Services | 5,222 | 215,547 | |||||||||||
Alcon, Inc. |
Health Care Equipment & Supplies | 15,260 | 1,183,367 | |||||||||||
Bachem Holding AG, Class B |
Life Sciences Tools & Services | 1,022 | 75,968 | |||||||||||
Baloise Holding AG |
Insurance | 1,484 | 215,592 | |||||||||||
Banque Cantonale Vaudoise |
Banks | 924 | 97,016 | |||||||||||
Barry Callebaut AG |
Food Products | 117 | 186,474 | |||||||||||
Belimo Holding AG |
Building Products | 308 | 146,728 | |||||||||||
BKW AG |
Electric Utilities | 588 | 103,806 | |||||||||||
Chocoladefabriken Lindt & Spruengli AG |
Food Products | 66 | 735,177 | |||||||||||
Cie Financiere Richemont SA, Class A |
Textiles, Apparel & Luxury Goods | 14,392 | 1,762,029 | |||||||||||
Clariant AG |
Chemicals | 7,420 | 117,610 | |||||||||||
DKSH Holding AG |
Professional Services | 1,176 | 79,767 | |||||||||||
a |
Dufry AG |
Specialty Retail | 3,360 | 128,222 | ||||||||||
Emmi AG |
Food Products | 70 | 66,113 | |||||||||||
EMS-Chemie Holding AG |
Chemicals | 234 | 159,359 | |||||||||||
Flughafen Zurich AG |
Transportation Infrastructure | 616 | 117,705 | |||||||||||
Geberit AG |
Building Products | 1,092 | 547,910 | |||||||||||
Georg Fischer AG |
Machinery | 2,694 | 152,104 | |||||||||||
Givaudan SA |
Chemicals | 262 | 857,486 | |||||||||||
Helvetia Holding AG |
Insurance | 1,148 | 161,132 | |||||||||||
Julius Baer Group Ltd. |
Capital Markets | 6,692 | 430,576 | |||||||||||
Kuehne & Nagel International AG |
Marine Transportation | 1,652 | 471,329 | |||||||||||
Logitech International SA |
Technology Hardware, Storage & Peripherals | 5,166 | 357,351 | |||||||||||
Lonza Group AG |
Life Sciences Tools & Services | 2,295 | 1,067,722 | |||||||||||
Nestle SA |
Food Products | 66,752 | 7,569,799 | |||||||||||
Novartis AG |
Pharmaceuticals | 52,710 | 5,408,710 | |||||||||||
Partners Group Holding AG |
Capital Markets | 725 | 819,865 | |||||||||||
PSP Swiss Property AG |
Real Estate Management & Development | 1,484 | 175,523 | |||||||||||
Roche Holding AG |
Pharmaceuticals | 17,626 | 4,825,570 | |||||||||||
Roche Holding AG |
Pharmaceuticals | 742 | 218,512 | |||||||||||
Schindler Holding AG, PC |
Machinery | 1,344 | 268,859 | |||||||||||
Schindler Holding AG |
Machinery | 630 | 121,758 | |||||||||||
SGS SA |
Professional Services | 4,763 | 401,013 | |||||||||||
SIG Group AG |
Containers & Packaging | 10,836 | 268,176 | |||||||||||
Sika AG |
Chemicals | 4,270 | 1,088,038 | |||||||||||
Sonova Holding AG |
Health Care Equipment & Supplies | 1,666 | 396,467 | |||||||||||
Straumann Holding AG |
Health Care Equipment & Supplies | 3,508 | 449,429 | |||||||||||
Swatch Group AG |
Textiles, Apparel & Luxury Goods | 952 | 244,972 | |||||||||||
Swatch Group AG |
Textiles, Apparel & Luxury Goods | 1,722 | 84,425 | |||||||||||
Swiss Life Holding AG |
Insurance | 1,092 | 682,321 | |||||||||||
Swiss Prime Site AG |
Real Estate Management & Development | 2,492 | 228,688 | |||||||||||
Swiss Re AG |
Insurance | 9,492 | 978,668 | |||||||||||
Swisscom AG |
Diversified Telecommunication Services | 840 | 499,703 | |||||||||||
Tecan Group AG |
Life Sciences Tools & Services | 420 | 141,959 | |||||||||||
Temenos AG |
Software | 1,988 | 139,994 | |||||||||||
UBS Group AG |
Capital Markets | 79,674 | 1,976,173 | |||||||||||
b |
VAT Group AG |
Machinery | 840 | 302,099 | ||||||||||
Zurich Insurance Group AG |
Insurance | 4,158 | 1,909,462 | |||||||||||
|
|
|||||||||||||
40,194,381 | ||||||||||||||
|
|
264 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Switzerland ETF (continued)
Industry | Shares | Value | ||||||||
Common Stocks (continued) |
||||||||||
United States 2.5% |
||||||||||
Holcim AG, Class B |
Construction Materials | 16,268 | $ | 1,045,292 | ||||||
|
|
|||||||||
Total
Common Stocks |
41,239,673 | |||||||||
|
|
|||||||||
Total
Investments |
41,239,673 | |||||||||
Other Assets, less Liabilities 1.9% |
782,222 | |||||||||
|
|
|||||||||
Net Assets 100.0% |
$ | 42,021,895 | ||||||||
|
|
aNon-income producing.
bSecurity was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. At September 30, 2023, the value of was $302,099, representing 0.7% of net assets.
At September 30, 2023, the Fund had the following futures contracts outstanding. See Note 1(c).
Futures Contracts | ||||||||||||||||||||
Description | Type |
Number of Contracts |
Notional Amount* |
Expiration Date |
Value/Unrealized Appreciation (Depreciation) |
|||||||||||||||
Equity Contracts | ||||||||||||||||||||
Swiss Mid Cap Future Index |
Long | 28 | $766,113 | 12/15/23 | $(19,698) |
*As of period end.
See Note 7 regarding other derivative information.
See Abbreviations on page 324.
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
265 |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE Taiwan ETF
Six Months Ended September 30, 2023 (unaudited) |
Year Ended March 31, | |||||||||||||||||||||||
2023 | 2022 | 2021 | 2020 | 2019 | ||||||||||||||||||||
Per share operating performance (for a share outstanding throughout the period) |
||||||||||||||||||||||||
Net asset value, beginning of period |
$37.05 | $43.67 | $41.12 | $23.18 | $24.72 | $26.34 | ||||||||||||||||||
|
|
|||||||||||||||||||||||
Income from investment operationsa: | ||||||||||||||||||||||||
Net investment incomeb |
1.17 | 1.25 | 0.98 | 0.74 | 0.89 | 0.47 | ||||||||||||||||||
Net realized and unrealized gains (losses) |
(1.72 | ) | (6.84 | ) | 2.64 | 17.99 | (1.56 | ) | (1.85 | ) | ||||||||||||||
|
|
|||||||||||||||||||||||
Total from investment operations |
(0.55 | ) | (5.59 | ) | 3.62 | 18.73 | (0.67 | ) | (1.38 | ) | ||||||||||||||
|
|
|||||||||||||||||||||||
Less distributions from net investment income | (0.16 | ) | (1.03 | ) | (1.07 | ) | (0.79 | ) | (0.87 | ) | (0.24 | ) | ||||||||||||
|
|
|||||||||||||||||||||||
Net asset value, end of period |
$36.34 | $37.05 | $43.67 | $41.12 | $23.18 | $24.72 | ||||||||||||||||||
|
|
|||||||||||||||||||||||
Total returnc |
(1.51)% | (12.55)% | 8.72% | 81.35% | (3.29)% | (5.15)% | ||||||||||||||||||
Ratios to average net assetsd | ||||||||||||||||||||||||
Total expenses |
0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | ||||||||||||||||||
Net investment income |
6.19% | 3.52% | 2.20% | 2.24% | 3.39% | 1.96% | ||||||||||||||||||
Supplemental data | ||||||||||||||||||||||||
Net assets, end of period (000’s) |
$170,789 | $137,094 | $43,667 | $32,897 | $13,906 | $14,834 | ||||||||||||||||||
Portfolio turnover ratee |
3.79%f | 11.88%f | 17.76%f | 10.63%f | 12.57%f | 8.71% | ||||||||||||||||||
aThe amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations for the period due to the timing of sales and repurchases of Creation Unit Fund shares in relation to income earned and/or fluctuating fair value of the investments of the Fund.
bBased on average daily shares outstanding.
cTotal return is not annualized for periods less than one year. Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period.
dRatios are annualized for periods less than one year.
ePortfolio turnover rate includes portfolio transactions that are executed as a result of the Fund offering and redeeming Creation Units solely for cash (“Cash creations”).
|
| |||||||||||||||||||||||
fPortfolio turnover rate excluding cash creations was as follows: |
3.79% | 5.40% | 7.86% | 10.63% | 12.57% | — |
266 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Schedule of Investments, September 30, 2023 (unaudited)
Franklin FTSE Taiwan ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 99.6% |
| |||||||||||||
China 1.0% | ||||||||||||||
Airtac International Group, Class A |
Machinery | 34,250 | $ | 1,038,731 | ||||||||||
Silergy Corp. |
Semiconductors & Semiconductor Equipment | 72,690 | 685,680 | |||||||||||
|
|
|||||||||||||
1,724,411 | ||||||||||||||
|
|
|||||||||||||
Taiwan 98.3% | ||||||||||||||
Accton Technology Corp. |
Communications Equipment | 118,010 | 1,802,293 | |||||||||||
Acer, Inc., Class H |
Technology Hardware, Storage & Peripherals | 633,000 | 711,820 | |||||||||||
Advanced Energy Solution Holding Co. Ltd. |
Electrical Equipment | 5,640 | 111,645 | |||||||||||
Advantech Co. Ltd. |
Technology Hardware, Storage & Peripherals | 101,388 | 1,083,591 | |||||||||||
Alchip Technologies Ltd. |
Semiconductors & Semiconductor Equipment | 15,500 | 1,291,647 | |||||||||||
ASE Technology Holding Co. Ltd., Class A |
Semiconductors & Semiconductor Equipment | 760,700 | 2,580,402 | |||||||||||
Asia Cement Corp. |
Construction Materials | 545,000 | 671,110 | |||||||||||
ASMedia Technology, Inc. |
Semiconductors & Semiconductor Equipment | 8,940 | 319,874 | |||||||||||
ASPEED Technology, Inc. |
Semiconductors & Semiconductor Equipment | 6,780 | 580,744 | |||||||||||
Asustek Computer, Inc. |
Technology Hardware, Storage & Peripherals | 156,560 | 1,779,945 | |||||||||||
AUO Corp., Class H |
Electronic Equipment, Instruments & Components | 1,567,000 | 796,109 | |||||||||||
Capital Securities Corp., Class A |
Capital Markets | 445,000 | 201,267 | |||||||||||
Catcher Technology Co. Ltd. |
Technology Hardware, Storage & Peripherals | 145,260 | 821,237 | |||||||||||
Cathay Financial Holding Co. Ltd., Class A |
Insurance | 2,049,000 | 2,827,805 | |||||||||||
Chailease Holding Co. Ltd., Class A |
Financial Services | 313,119 | 1,755,690 | |||||||||||
Chang Hwa Commercial Bank Ltd., Class A |
Banks | 1,512,633 | 808,318 | |||||||||||
Cheng Shin Rubber Industry Co. Ltd., Class A |
Automobile Components | 408,000 | 537,166 | |||||||||||
Chicony Electronics Co. Ltd. |
Technology Hardware, Storage & Peripherals | 137,000 | 490,188 | |||||||||||
China Airlines Ltd., Class A |
Passenger Airlines | 636,000 | 417,689 | |||||||||||
a |
China Development Financial Holding Corp., Class A |
Insurance | 3,507,000 | 1,281,969 | ||||||||||
China Motor Corp., Class A |
Automobiles | 56,720 | 171,317 | |||||||||||
China Steel Corp., Class A |
Metals & Mining | 2,745,000 | 2,147,155 | |||||||||||
Chunghwa Telecom Co. Ltd. |
Diversified Telecommunication Services | 846,680 | 3,042,545 | |||||||||||
Compal Electronics, Inc., Class H |
Technology Hardware, Storage & Peripherals | 915,000 | 870,200 | |||||||||||
CTBC Financial Holding Co. Ltd., Class A |
Banks | 4,056,000 | 3,078,391 | |||||||||||
Delta Electronics, Inc., Class A |
Electronic Equipment, Instruments & Components | 481,290 | 4,838,172 | |||||||||||
E Ink Holdings, Inc. |
Electronic Equipment, Instruments & Components | 197,700 | 1,099,337 | |||||||||||
E.Sun Financial Holding Co. Ltd., Class A |
Banks | 3,310,000 | 2,486,563 | |||||||||||
Eclat Textile Co. Ltd., Class A |
Textiles, Apparel & Luxury Goods | 43,760 | 660,186 | |||||||||||
eMemory Technology, Inc. |
Semiconductors & Semiconductor Equipment | 15,457 | 964,850 | |||||||||||
a |
Ennostar, Inc., Class H |
Semiconductors & Semiconductor Equipment | 157,940 | 214,791 | ||||||||||
Eternal Materials Co. Ltd., Class H |
Chemicals | 213,985 | 187,930 | |||||||||||
Eva Airways Corp., Class H |
Passenger Airlines | 567,000 | 522,552 | |||||||||||
Evergreen Marine Corp. Taiwan Ltd. |
Marine Transportation | 223,600 | 803,507 | |||||||||||
Far Eastern International Bank |
Banks | 493,000 | 177,923 | |||||||||||
Far Eastern New Century Corp. |
Industrial Conglomerates | 874,000 | 778,411 | |||||||||||
Far EasTone Telecommunications Co. Ltd. |
Wireless Telecommunication Services | 356,000 | 801,760 | |||||||||||
Feng TAY Enterprise Co. Ltd. |
Textiles, Apparel & Luxury Goods | 110,104 | 624,186 | |||||||||||
First Financial Holding Co. Ltd. |
Banks | 2,389,910 | 1,965,648 | |||||||||||
Formosa Chemicals & Fibre Corp. |
Chemicals | 762,400 | 1,452,505 | |||||||||||
Formosa Petrochemical Corp. |
Oil, Gas & Consumable Fuels | 303,780 | 758,497 | |||||||||||
Formosa Plastics Corp. |
Chemicals | 830,000 | 2,051,827 | |||||||||||
Formosa Sumco Technology Corp. |
Semiconductors & Semiconductor Equipment | 14,720 | 65,436 | |||||||||||
Formosa Taffeta Co. Ltd. |
Textiles, Apparel & Luxury Goods | 224,000 | 176,602 | |||||||||||
Foxconn Technology Co. Ltd. |
Electronic Equipment, Instruments & Components | 245,420 | 438,678 | |||||||||||
Fubon Financial Holding Co. Ltd. |
Insurance | 1,723,600 | 3,241,044 | |||||||||||
Genius Electronic Optical Co. Ltd. |
Electronic Equipment, Instruments & Components | 18,270 | 208,279 | |||||||||||
Giant Manufacturing Co. Ltd. |
Leisure Products | 69,335 | 383,399 | |||||||||||
Gigabyte Technology Co. Ltd. |
Technology Hardware, Storage & Peripherals | 109,000 | 950,527 | |||||||||||
Global Unichip Corp. |
Semiconductors & Semiconductor Equipment | 19,000 | 803,426 | |||||||||||
Globalwafers Co. Ltd. |
Semiconductors & Semiconductor Equipment | 46,470 | 652,844 |
franklintempleton.com |
Semiannual Report |
267 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Taiwan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
| |||||||||||||
Taiwan (continued) | ||||||||||||||
Hiwin Technologies Corp. |
Machinery | 64,189 | $ | 404,655 | ||||||||||
Hon Hai Precision Industry Co. Ltd. |
Electronic Equipment, Instruments & Components | 2,656,000 | 8,556,993 | |||||||||||
Hotai Motor Co. Ltd. |
Specialty Retail | 72,205 | 1,465,104 | |||||||||||
a |
HTC Corp. |
Technology Hardware, Storage & Peripherals | 162,500 | 242,135 | ||||||||||
Hua Nan Financial Holdings Co. Ltd., Class C |
Banks | 2,262,000 | 1,436,502 | |||||||||||
a |
Innolux Corp. |
Electronic Equipment, Instruments & Components | 1,748,000 | 712,077 | ||||||||||
Inventec Corp. |
Technology Hardware, Storage & Peripherals | 674,000 | 1,023,094 | |||||||||||
Largan Precision Co. Ltd. |
Electronic Equipment, Instruments & Components | 23,030 | 1,523,181 | |||||||||||
Lite-On Technology Corp. |
Technology Hardware, Storage & Peripherals | 475,200 | 1,788,597 | |||||||||||
MediaTek, Inc. |
Semiconductors & Semiconductor Equipment | 330,700 | 7,529,763 | |||||||||||
Mega Financial Holding Co. Ltd. |
Banks | 2,504,000 | 2,924,391 | |||||||||||
Micro-Star International Co. Ltd. |
Technology Hardware, Storage & Peripherals | 152,700 | 775,787 | |||||||||||
momo.com, Inc. |
Broadline Retail | 12,967 | 201,652 | |||||||||||
Nan Ya Plastics Corp. |
Chemicals | 1,257,000 | 2,593,399 | |||||||||||
Nan Ya Printed Circuit Board Corp. |
Electronic Equipment, Instruments & Components | 47,000 | 388,021 | |||||||||||
Nanya Technology Corp. |
Semiconductors & Semiconductor Equipment | 182,000 | 369,858 | |||||||||||
Nien Made Enterprise Co. Ltd. |
Household Durables | 31,020 | 297,895 | |||||||||||
Novatek Microelectronics Corp. |
Semiconductors & Semiconductor Equipment | 127,310 | 1,668,256 | |||||||||||
Oneness Biotech Co. Ltd. |
Pharmaceuticals | 76,684 | 414,534 | |||||||||||
Pegatron Corp. |
Technology Hardware, Storage & Peripherals | 455,000 | 1,079,692 | |||||||||||
a |
PharmaEssentia Corp. |
Biotechnology | 53,000 | 551,664 | ||||||||||
Pou Chen Corp. |
Textiles, Apparel & Luxury Goods | 591,000 | 524,532 | |||||||||||
Powerchip Semiconductor Manufacturing Corp. |
Semiconductors & Semiconductor Equipment | 658,000 | 541,191 | |||||||||||
Powertech Technology, Inc. |
Semiconductors & Semiconductor Equipment | 153,100 | 481,394 | |||||||||||
President Chain Store Corp. |
Consumer Staples Distribution & Retail | 124,480 | 1,012,252 | |||||||||||
Quanta Computer, Inc. |
Technology Hardware, Storage & Peripherals | 592,000 | 4,392,249 | |||||||||||
Realtek Semiconductor Corp. |
Semiconductors & Semiconductor Equipment | 106,186 | 1,299,344 | |||||||||||
Ruentex Development Co. Ltd. |
Real Estate Management & Development | 517,710 | 564,533 | |||||||||||
Shanghai Commercial & Savings Bank Ltd. |
Banks | 832,000 | 1,114,729 | |||||||||||
a |
Shin Kong Financial Holding Co. Ltd. |
Insurance | 2,985,000 | 857,203 | ||||||||||
Sino-American Silicon Products, Inc. |
Semiconductors & Semiconductor Equipment | 117,980 | 573,810 | |||||||||||
SinoPac Financial Holdings Co. Ltd. |
Banks | 2,563,700 | 1,381,899 | |||||||||||
Synnex Technology International Corp. |
Electronic Equipment, Instruments & Components | 301,500 | 598,694 | |||||||||||
Taishin Financial Holding Co. Ltd. |
Banks | 2,637,000 | 1,462,254 | |||||||||||
Taiwan Business Bank |
Banks | 1,209,328 | 494,513 | |||||||||||
Taiwan Cement Corp. |
Construction Materials | 1,395,418 | 1,437,327 | |||||||||||
Taiwan Cooperative Financial Holding Co. Ltd. |
Banks | 2,359,150 | 1,870,920 | |||||||||||
Taiwan Fertilizer Co. Ltd. |
Chemicals | 164,200 | 299,604 | |||||||||||
a |
Taiwan Glass Industry Corp. |
Building Products | 360,000 | 213,008 | ||||||||||
Taiwan High Speed Rail Corp. |
Transportation Infrastructure | 461,000 | 427,718 | |||||||||||
Taiwan Mobile Co. Ltd. |
Wireless Telecommunication Services | 384,340 | 1,126,332 | |||||||||||
Taiwan Secom Co. Ltd. |
Commercial Services & Supplies | 60,960 | 201,120 | |||||||||||
Taiwan Semiconductor Manufacturing Co. Ltd. |
Semiconductors & Semiconductor Equipment | 2,065,300 | 33,461,437 | |||||||||||
a |
Tatung Co. Ltd. |
Electrical Equipment | 493,000 | 678,094 | ||||||||||
Teco Electric & Machinery Co. Ltd. |
Electrical Equipment | 430,000 | 692,678 | |||||||||||
Transcend Information, Inc. |
Technology Hardware, Storage & Peripherals | 63,960 | 143,848 | |||||||||||
U-Ming Marine Transport Corp. |
Marine Transportation | 94,000 | 139,338 | |||||||||||
Unimicron Technology Corp. |
Electronic Equipment, Instruments & Components | 289,000 | 1,553,306 | |||||||||||
Uni-President Enterprises Corp. |
Food Products | 1,067,000 | 2,317,086 | |||||||||||
United Microelectronics Corp. |
Semiconductors & Semiconductor Equipment | 2,610,000 | 3,654,590 | |||||||||||
Vanguard International Semiconductor Corp. |
Semiconductors & Semiconductor Equipment | 200,200 | 421,728 | |||||||||||
Voltronic Power Technology Corp. |
Electrical Equipment | 14,570 | 715,399 | |||||||||||
Walsin Lihwa Corp. |
Electrical Equipment | 556,000 | 633,844 | |||||||||||
Walsin Technology Corp. |
Electronic Equipment, Instruments & Components | 107,960 | 342,805 | |||||||||||
Wan Hai Lines Ltd. |
Marine Transportation | 205,130 | 306,928 | |||||||||||
Win Semiconductors Corp. |
Semiconductors & Semiconductor Equipment | 89,650 | 358,261 | |||||||||||
Winbond Electronics Corp. |
Semiconductors & Semiconductor Equipment | 654,000 | 512,576 |
268 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE Taiwan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
| |||||||||||||
Taiwan (continued) | ||||||||||||||
Wistron Corp. |
Technology Hardware, Storage & Peripherals | 635,000 | $ | 1,996,639 | ||||||||||
Wiwynn Corp. |
Technology Hardware, Storage & Peripherals | 19,280 | 892,911 | |||||||||||
Yageo Corp. |
Electronic Equipment, Instruments & Components | 87,229 | 1,418,665 | |||||||||||
Yang Ming Marine Transport Corp. |
Marine Transportation | 388,656 | 547,216 | |||||||||||
Yuanta Financial Holding Co. Ltd. |
Financial Services | 2,705,890 | 2,099,798 | |||||||||||
Yulon Motor Co. Ltd. |
Automobiles | 131,000 | 336,829 | |||||||||||
Yulon Nissan Motor Co. Ltd. |
Automobiles | 5,170 | 30,030 | |||||||||||
Zhen Ding Technology Holding Ltd. |
Electronic Equipment, Instruments & Components | 139,460 | 425,113 | |||||||||||
|
|
|||||||||||||
167,989,992 | ||||||||||||||
|
|
|||||||||||||
United States 0.3% | ||||||||||||||
Parade Technologies Ltd. |
Semiconductors & Semiconductor Equipment | 15,545 | 473,855 | |||||||||||
|
|
|||||||||||||
Total
Common Stocks |
170,188,258 | |||||||||||||
|
|
|||||||||||||
Total
Investments |
170,188,258 | |||||||||||||
Other Assets, less Liabilities 0.4% |
600,256 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 170,788,514 | ||||||||||||
|
|
aNon-income producing.
At September 30, 2023, the Fund had the following futures contracts outstanding. See Note 1(c).
Futures Contracts | ||||||||||||||||||||
Description | Type | Number of Contracts |
Notional Amount* |
Expiration Date |
Value/Unrealized Appreciation (Depreciation) |
|||||||||||||||
Index Contracts | ||||||||||||||||||||
FTSE Taiwan Index Futures |
Long | 10 | $570,000 | 10/30/23 | $3,881 |
*As of period end.
See Note 7 regarding other derivative information.
See Abbreviations on page 324.
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
269 |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE United Kingdom ETF
Six Months Ended (unaudited) |
Year Ended March 31, | |||||||||||||||||||||||
2023 | 2022 | 2021 | 2020 | 2019 | ||||||||||||||||||||
Per share operating performance (for a share outstanding throughout the period) |
||||||||||||||||||||||||
Net asset value, beginning of period |
$ 24.21 | $ 25.46 | $ 23.78 | $ 17.92 | $24.23 | $ 25.23 | ||||||||||||||||||
Income from investment operationsa: | ||||||||||||||||||||||||
Net investment incomeb |
0.53 | 0.94 | 0.95 | 0.84 | 1.08 | 1.05 | ||||||||||||||||||
Net realized and unrealized gains (losses) |
(0.28 | ) | (1.22 | ) | 1.47 | 5.62 | (6.30 | ) | (1.21 | ) | ||||||||||||||
Total from investment operations |
0.25 | (0.28 | ) | 2.42 | 6.46 | (5.22 | ) | (0.16 | ) | |||||||||||||||
Less distributions from net investment income |
(0.48 | ) | (0.97 | ) | (0.74 | ) | (0.60 | ) | (1.09 | ) | (0.84 | ) | ||||||||||||
Net asset value, end of period |
$ 23.98 | $ 24.21 | $ 25.46 | $ 23.78 | $17.92 | $ 24.23 | ||||||||||||||||||
|
|
|||||||||||||||||||||||
Total returnc |
0.96% | (0.71)% | 10.27% | 36.19% | (22.42)% | (0.51)% | ||||||||||||||||||
Ratios to average net assetsd | ||||||||||||||||||||||||
Expenses before waiver and payments by affiliates |
0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | ||||||||||||||||||
Expenses net of waiver and payments by affiliates |
0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | ||||||||||||||||||
Net investment income |
4.27% | 4.10% | 3.77% | 3.98% | 4.84% | 4.46% | ||||||||||||||||||
Supplemental data | ||||||||||||||||||||||||
Net assets, end of period (000’s) |
$585,230 | $568,961 | $613,573 | $205,673 | $89,624 | $29,076 | ||||||||||||||||||
Portfolio turnover ratee |
2.16%f | 5.61%f | 5.76%f | 7.26%f | 4.41%f | 10.10% | ||||||||||||||||||
aThe amount shown for a share outstanding throughout the period may not correlate with the Statement of Operations for the period due to the timing of sales and repurchases of Creation Unit Fund shares in relation to income earned and/or fluctuating fair value of the investments of the Fund.
bBased on average daily shares outstanding.
cTotal return is not annualized for periods less than one year. Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period.
dRatios are annualized for periods less than one year.
ePortfolio turnover rate includes portfolio transactions that are executed as a result of the Fund offering and redeeming Creation Units solely for cash (“Cash creations”).
|
| |||||||||||||||||||||||
fPortfolio turnover rate excluding cash creations was as follows: | 2.16% | 5.60% | 5.76% | 7.26% | 4.41% | — |
270 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Schedule of Investments, September 30, 2023 (unaudited)
Franklin FTSE United Kingdom ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 99.2% |
| |||||||||||||
Australia 5.7% | ||||||||||||||
Glencore PLC |
Metals & Mining | 2,968,016 | $ | 17,022,649 | ||||||||||
Rio Tinto PLC |
Metals & Mining | 262,544 | 16,579,979 | |||||||||||
|
|
|||||||||||||
33,602,628 | ||||||||||||||
|
|
|||||||||||||
Bermuda 0.2% | ||||||||||||||
Hiscox Ltd. |
Insurance | 81,008 | 993,686 | |||||||||||
|
|
|||||||||||||
Chile 0.2% | ||||||||||||||
Antofagasta PLC |
Metals & Mining | 82,960 | 1,446,960 | |||||||||||
|
|
|||||||||||||
Ireland 4.7% | ||||||||||||||
CRH PLC |
Construction Materials | 174,216 | 9,658,076 | |||||||||||
DCC PLC |
Industrial Conglomerates | 23,912 | 1,345,173 | |||||||||||
Experian PLC |
Professional Services | 220,576 | 7,244,817 | |||||||||||
a |
Flutter Entertainment PLC |
Hotels, Restaurants & Leisure | 42,456 | 6,938,652 | ||||||||||
Smurfit Kappa Group PLC |
Containers & Packaging | 62,952 | 2,097,624 | |||||||||||
|
|
|||||||||||||
27,284,342 | ||||||||||||||
|
|
|||||||||||||
Isle Of Man 0.3% | ||||||||||||||
Entain PLC |
Hotels, Restaurants & Leisure | 152,744 | 1,739,034 | |||||||||||
|
|
|||||||||||||
Mexico 0.1% | ||||||||||||||
Fresnillo PLC |
Metals & Mining | 43,920 | 295,479 | |||||||||||
|
|
|||||||||||||
Netherlands 8.8% | ||||||||||||||
Shell PLC |
Oil, Gas & Consumable Fuels | 1,615,280 | 51,378,058 | |||||||||||
|
|
|||||||||||||
Nigeria 0.1% | ||||||||||||||
b |
Airtel Africa PLC |
Wireless Telecommunication Services | 259,616 | 397,994 | ||||||||||
|
|
|||||||||||||
Russia 0.0%† | ||||||||||||||
a,c |
Evraz PLC |
Metals & Mining | 128,818 | — | ||||||||||
|
|
|||||||||||||
Switzerland 0.2% | ||||||||||||||
Coca-Cola HBC AG |
Beverages | 46,848 | 1,285,985 | |||||||||||
|
|
|||||||||||||
United Kingdom 78.9% | ||||||||||||||
3i Group PLC |
Capital Markets | 229,360 | 5,803,265 | |||||||||||
abrdn PLC |
Capital Markets | 460,184 | 874,813 | |||||||||||
Admiral Group PLC |
Insurance | 73,200 | 2,123,712 | |||||||||||
Anglo American PLC |
Metals & Mining | 290,848 | 8,042,399 | |||||||||||
Ashtead Group PLC |
Trading Companies & Distributors | 104,920 | 6,405,565 | |||||||||||
Associated British Foods PLC |
Food Products | 82,472 | 2,081,673 | |||||||||||
AstraZeneca PLC |
Pharmaceuticals | 355,752 | 48,206,325 | |||||||||||
b |
Auto Trader Group PLC |
Interactive Media & Services | 216,184 | 1,629,620 | ||||||||||
Aviva PLC |
Insurance | 656,848 | 3,125,087 | |||||||||||
B&M European Value Retail SA |
Broadline Retail | 224,480 | 1,606,671 | |||||||||||
BAE Systems PLC |
Aerospace & Defense | 734,440 | 8,944,484 | |||||||||||
Barclays PLC |
Banks | 3,735,640 | 7,246,924 | |||||||||||
Barratt Developments PLC |
Household Durables | 236,192 | 1,271,621 | |||||||||||
Beazley PLC |
Insurance | 160,064 | 1,081,351 | |||||||||||
Berkeley Group Holdings PLC |
Household Durables | 24,888 | 1,247,585 | |||||||||||
BP PLC |
Oil, Gas & Consumable Fuels | 4,080,656 | 26,467,139 | |||||||||||
British American Tobacco PLC |
Tobacco | 535,824 | 16,853,575 | |||||||||||
British Land Co. PLC |
Diversified REITs | 222,528 | 860,721 | |||||||||||
BT Group PLC |
Diversified Telecommunication Services | 1,518,168 | 2,162,450 | |||||||||||
Bunzl PLC |
Trading Companies & Distributors | 81,496 | 2,910,490 | |||||||||||
Burberry Group PLC |
Textiles, Apparel & Luxury Goods | 90,280 | 2,102,999 | |||||||||||
Centrica PLC |
Multi-Utilities | 1,338,584 | 2,523,417 | |||||||||||
Compass Group PLC |
Hotels, Restaurants & Leisure | 419,680 | 10,244,806 | |||||||||||
b |
ConvaTec Group PLC |
Health Care Equipment & Supplies | 392,352 | 1,043,012 |
franklintempleton.com |
Semiannual Report |
271 |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE South Korea ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
| |||||||||||||
United Kingdom (continued) | ||||||||||||||
Croda International PLC |
Chemicals | 33,672 | $ | 2,019,984 | ||||||||||
Dechra Pharmaceuticals PLC |
Pharmaceuticals | 26,840 | 1,240,932 | |||||||||||
Diageo PLC |
Beverages | 532,408 | 19,715,854 | |||||||||||
Dowlais Group PLC |
Automobile Components | 324,032 | 424,764 | |||||||||||
DS Smith PLC |
Containers & Packaging | 307,928 | 1,079,041 | |||||||||||
Endeavour Mining PLC |
Metals & Mining | 43,432 | 840,753 | |||||||||||
Ferguson PLC |
Trading Companies & Distributors | 49,288 | 8,160,494 | |||||||||||
GSK PLC |
Pharmaceuticals | 970,144 | 17,666,905 | |||||||||||
Haleon PLC |
Personal Care Products | 1,263,432 | 5,256,185 | |||||||||||
Halma PLC |
Electronic Equipment, Instruments & Components | 91,256 | 2,159,149 | |||||||||||
Hargreaves Lansdown PLC |
Capital Markets | 91,256 | 861,209 | |||||||||||
Hikma Pharmaceuticals PLC |
Pharmaceuticals | 38,552 | 982,501 | |||||||||||
Howden Joinery Group PLC |
Trading Companies & Distributors | 127,368 | 1,144,800 | |||||||||||
HSBC Holdings PLC |
Banks | 4,756,048 | 37,436,398 | |||||||||||
IMI PLC |
Machinery | 61,976 | 1,186,110 | |||||||||||
Imperial Brands PLC |
Tobacco | 217,648 | 4,428,389 | |||||||||||
Informa PLC |
Media | 333,792 | 3,057,202 | |||||||||||
InterContinental Hotels Group PLC |
Hotels, Restaurants & Leisure | 40,504 | 3,002,812 | |||||||||||
Intermediate Capital Group PLC |
Capital Markets | 66,368 | 1,120,305 | |||||||||||
a |
International Consolidated Airlines Group SA |
Passenger Airlines | 270,840 | 489,249 | ||||||||||
Intertek Group PLC |
Professional Services | 39,040 | 1,959,379 | |||||||||||
ITV PLC |
Media | 901,824 | 777,329 | |||||||||||
J Sainsbury PLC |
Consumer Staples Distribution & Retail | 417,240 | 1,287,415 | |||||||||||
JD Sports Fashion PLC |
Specialty Retail | 592,432 | 1,082,470 | |||||||||||
Johnson Matthey PLC |
Chemicals | 43,432 | 863,018 | |||||||||||
Kingfisher PLC |
Specialty Retail | 458,720 | 1,250,236 | |||||||||||
Land Securities Group PLC |
Diversified REITs | 177,632 | 1,278,738 | |||||||||||
Legal & General Group PLC |
Insurance | 1,428,864 | 3,880,399 | |||||||||||
Lloyds Banking Group PLC |
Banks | 15,477,896 | 8,382,177 | |||||||||||
London Stock Exchange Group PLC |
Capital Markets | 109,312 | 10,985,862 | |||||||||||
M&G PLC |
Financial Services | 523,624 | 1,260,962 | |||||||||||
Melrose Industries PLC |
Aerospace & Defense | 322,568 | 1,847,289 | |||||||||||
Mondi PLC |
Paper & Forest Products | 116,632 | 1,953,824 | |||||||||||
National Grid PLC |
Multi-Utilities | 885,232 | 10,588,602 | |||||||||||
NatWest Group PLC |
Banks | 1,324,432 | 3,810,173 | |||||||||||
Next PLC |
Broadline Retail | 29,280 | 2,607,422 | |||||||||||
a,c |
NMC Health PLC |
Health Care Providers & Services | 3,705 | — | ||||||||||
a |
Ocado Group PLC |
Consumer Staples Distribution & Retail | 145,912 | 1,069,269 | ||||||||||
Pearson PLC |
Diversified Consumer Services | 172,264 | 1,825,870 | |||||||||||
Persimmon PLC |
Household Durables | 76,128 | 1,001,191 | |||||||||||
Phoenix Group Holdings PLC |
Insurance | 177,144 | 1,042,579 | |||||||||||
Prudential PLC |
Insurance | 663,192 | 7,194,470 | |||||||||||
Reckitt Benckiser Group PLC |
Household Products | 172,752 | 12,216,788 | |||||||||||
RELX PLC |
Professional Services | 456,768 | 15,470,848 | |||||||||||
Renishaw PLC |
Electronic Equipment, Instruments & Components | 8,296 | 356,626 | |||||||||||
Rentokil Initial PLC |
Commercial Services & Supplies | 607,072 | 4,521,347 | |||||||||||
Rightmove PLC |
Interactive Media & Services | 196,176 | 1,346,146 | |||||||||||
a |
Rolls-Royce Holdings PLC |
Aerospace & Defense | 2,016,904 | 5,437,965 | ||||||||||
RS Group PLC |
Trading Companies & Distributors | 113,216 | 1,016,218 | |||||||||||
Sage Group PLC |
Software | 246,928 | 2,980,726 | |||||||||||
Schroders PLC |
Capital Markets | 202,520 | 1,006,540 | |||||||||||
Segro PLC |
Industrial REITs | 294,752 | 2,588,110 | |||||||||||
Severn Trent PLC |
Water Utilities | 60,512 | 1,746,739 | |||||||||||
Smith & Nephew PLC |
Health Care Equipment & Supplies | 210,328 | 2,626,202 | |||||||||||
Smiths Group PLC |
Industrial Conglomerates | 84,912 | 1,678,439 | |||||||||||
Spirax-Sarco Engineering PLC |
Machinery | 17,568 | 2,042,624 | |||||||||||
SSE PLC |
Electric Utilities | 262,544 | 5,159,213 |
272 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
SCHEDULE OF INVESTMENTS
Franklin FTSE United Kingdom ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) |
| |||||||||||||
United Kingdom (continued) | ||||||||||||||
St. James’s Place PLC |
Capital Markets | 130,296 | $ | 1,323,470 | ||||||||||
Standard Chartered PLC |
Banks | 549,976 | 5,088,249 | |||||||||||
Tate & Lyle PLC |
Food Products | 96,624 | 808,440 | |||||||||||
Taylor Wimpey PLC |
Household Durables | 844,240 | 1,208,702 | |||||||||||
Tesco PLC |
Consumer Staples Distribution & Retail | 1,702,632 | 5,490,464 | |||||||||||
Unilever PLC |
Personal Care Products | 604,144 | 29,952,691 | |||||||||||
UNITE Group PLC |
Residential REITs | 83,448 | 914,126 | |||||||||||
United Utilities Group PLC |
Water Utilities | 164,456 | 1,903,291 | |||||||||||
Vodafone Group PLC |
Wireless Telecommunication Services | 5,264,544 | 4,936,175 | |||||||||||
Weir Group PLC |
Machinery | 62,464 | 1,449,711 | |||||||||||
Whitbread PLC |
Hotels, Restaurants & Leisure | 47,336 | 2,001,359 | |||||||||||
a |
Wise PLC, Class A |
Financial Services | 170,800 | 1,429,270 | ||||||||||
WPP PLC |
Media | 250,832 | 2,244,101 | |||||||||||
|
|
|||||||||||||
462,025,994 | ||||||||||||||
|
|
|||||||||||||
Total
Common Stocks |
580,450,160 | |||||||||||||
|
|
|||||||||||||
Total
Investments |
580,450,160 | |||||||||||||
Other Assets, less Liabilities 0.8% |
4,779,415 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 585,229,575 | ||||||||||||
|
|
†Rounds to less than 0.1% of net assets.
aNon-income producing.
bSecurity was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. At September 30, 2023, the value of was $3,070,626, representing 0.5% of net assets.
cFair valued using significant unobservable inputs. See Note 8 regarding fair value measurements.
At September 30, 2023, the Fund had the following futures contracts outstanding. See Note 1(c).
Futures Contracts | ||||||||||||||||||||
Description | Type | Number of Contracts |
Notional Amount* |
Expiration Date |
Value/Unrealized Appreciation (Depreciation) |
|||||||||||||||
Index Contracts | ||||||||||||||||||||
FTSE 100 IDX FUT DEC23 |
Long | 44 | $4,119,648 | 12/15/23 | $36,461 |
*As of period end.
See Note 7 regarding other derivative information.
See Abbreviations on page 324.
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
273 |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Assets and Liabilities
September 30, 2023 (unaudited)
Franklin
FTSE Asia ex Japan ETF |
Franklin FTSE Australia ETF |
Franklin FTSE Brazil ETF |
Franklin FTSE Canada ETF |
|||||||||||||
|
||||||||||||||||
Assets: |
||||||||||||||||
Investments in securities: |
||||||||||||||||
Cost – Unaffiliated issuers |
$26,918,471 | $29,147,689 | $ 102,245,129 | $356,955,305 | ||||||||||||
Value – Unaffiliated issuers |
$24,532,586 | $28,898,499 | $ 123,189,902 | $329,499,436 | ||||||||||||
Cash |
15,283 | 66 | 86,819 | 53,915 | ||||||||||||
Foreign currency, at value (cost $39,073, $363,569, $1,255,394 and $520,763, respectively) |
39,088 | 365,857 | 1,221,167 | 519,111 | ||||||||||||
Receivables: |
||||||||||||||||
Capital shares sold |
— | — | — | 3,037,048 | ||||||||||||
Dividends |
36,706 | 65,673 | 1,995,444 | 891,410 | ||||||||||||
Investment securities sold |
825 | — | — | — | ||||||||||||
Variation margin on futures contracts |
504 | 1,167 | 21,451 | — | ||||||||||||
Deposits with brokers for: |
||||||||||||||||
Futures contracts |
3,992 | 37,854 | 768,539 | 73,639 | ||||||||||||
|
|
|||||||||||||||
Total assets |
24,628,984 | 29,369,116 | 127,283,322 | 334,074,559 | ||||||||||||
|
|
|||||||||||||||
Liabilities: |
||||||||||||||||
Payables: |
||||||||||||||||
Investment securities purchased |
— | 8,043 | 27,470 | 3,019,561 | ||||||||||||
Management fees |
3,885 | 2,191 | 20,084 | 24,460 | ||||||||||||
Variation margin on futures contracts |
— | — | — | 3,744 | ||||||||||||
Deferred tax |
108,907 | — | — | — | ||||||||||||
|
|
|||||||||||||||
Total liabilities |
112,792 | 10,234 | 47,554 | 3,047,765 | ||||||||||||
|
|
|||||||||||||||
Net assets, at value |
$24,516,192 | $29,358,882 | $ 127,235,768 | $331,026,794 | ||||||||||||
|
|
|||||||||||||||
Net assets consist of: |
||||||||||||||||
Paid-in capital |
$32,294,766 | $30,839,816 | $ 257,167,948 | $358,688,399 | ||||||||||||
Total distributable earnings (loss) |
(7,778,574 | ) | (1,480,934 | ) | (129,932,180 | ) | (27,661,605 | ) | ||||||||
|
|
|||||||||||||||
Net assets, at value |
$24,516,192 | $29,358,882 | $ 127,235,768 | $331,026,794 | ||||||||||||
|
|
|||||||||||||||
Shares outstanding |
1,200,000 | 1,150,000 | 6,900,000 | 10,950,000 | ||||||||||||
|
|
|||||||||||||||
Net asset value per share |
$ 20.43 | $ 25.53 | $ 18.44 | $ 30.23 | ||||||||||||
|
|
274 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Assets and Liabilities (continued)
September 30, 2023 (unaudited)
Franklin FTSE China ETF |
Franklin FTSE Europe ETF |
Franklin FTSE Eurozone ETF |
Franklin FTSE France ETF |
|||||||||||||
|
||||||||||||||||
Assets: |
||||||||||||||||
Investments in securities: |
||||||||||||||||
Cost – Unaffiliated issuers |
$142,921,467 | $123,873,557 | $19,844,750 | $5,875,495 | ||||||||||||
Value – Unaffiliated issuers |
$106,234,109 | $116,078,792 | $17,436,602 | $5,758,870 | ||||||||||||
Cash |
2,122 | 76,725 | 26 | 99 | ||||||||||||
Foreign currency, at value (cost $95,581, $205,371, $3,341 and $47,999, respectively) |
95,591 | 203,056 | 3,340 | 47,943 | ||||||||||||
Receivables: |
||||||||||||||||
Dividends and interest |
154,484 | 542,316 | 44,382 | 5,120 | ||||||||||||
European Union tax reclaims receivable (Note 1e) |
— | 586,182 | 37,557 | 38,943 | ||||||||||||
Investment securities sold |
10,522 | — | 11,095 | — | ||||||||||||
Variation margin on futures contracts |
2,297 | 4,296 | — | 191 | ||||||||||||
Deposits with brokers for: |
||||||||||||||||
Futures contracts |
19,960 | 70,851 | 6,339 | 5,823 | ||||||||||||
|
|
|||||||||||||||
Total assets |
106,519,085 | 117,562,218 | 17,539,341 | 5,856,989 | ||||||||||||
|
|
|||||||||||||||
Liabilities: |
||||||||||||||||
Payables: |
||||||||||||||||
Investment securities purchased |
— | — | 1 | 10,090 | ||||||||||||
European Union tax reclaim contingent fees payable (Note 1e) |
— | 146,721 | 9,389 | 9,736 | ||||||||||||
Management fees |
16,843 | 8,832 | 1,326 | 442 | ||||||||||||
Variation margin on futures contracts |
— | — | 2,857 | — | ||||||||||||
|
|
|||||||||||||||
Total liabilities |
16,843 | 155,553 | 13,573 | 20,268 | ||||||||||||
|
|
|||||||||||||||
Net assets, at value |
$106,502,242 | $117,406,665 | $17,525,768 | $5,836,721 | ||||||||||||
|
|
|||||||||||||||
Net assets consist of: |
||||||||||||||||
Paid-in capital |
$168,858,948 | $129,845,853 | $22,927,153 | $6,219,484 | ||||||||||||
Total distributable earnings (loss) |
(62,356,706 | ) | (12,439,188 | ) | (5,401,385 | ) | (382,763 | ) | ||||||||
|
|
|||||||||||||||
Net assets, at value |
$106,502,242 | $117,406,665 | $17,525,768 | $5,836,721 | ||||||||||||
|
|
|||||||||||||||
Shares outstanding |
6,200,000 | 4,600,000 | 800,000 | 200,000 | ||||||||||||
|
|
|||||||||||||||
Net asset value per share |
$ 17.18 | $ 25.52 | $ 21.91 | $ 29.18 | ||||||||||||
|
|
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
275 |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Assets and Liabilities (continued)
September 30, 2023 (unaudited)
Franklin FTSE Germany ETF |
Franklin FTSE Hong Kong ETF |
Franklin FTSE India ETF |
Franklin FTSE Italy ETF |
|||||||||||||
|
||||||||||||||||
Assets: |
||||||||||||||||
Investments in securities: |
||||||||||||||||
Cost – Unaffiliated issuers |
$18,041,690 | $15,234,895 | $342,752,072 | $4,427,315 | ||||||||||||
Value – Unaffiliated issuers |
$15,362,266 | $10,823,710 | $377,338,826 | $5,139,362 | ||||||||||||
Cash |
35 | — | 4,699,236 | 34 | ||||||||||||
Foreign currency, at value (cost $6,806, $35,015, $1,993,918 and $3,767, respectively) |
6,734 | 34,973 | 1,998,308 | 3,731 | ||||||||||||
Receivables: |
||||||||||||||||
Capital shares sold |
— | — | 3,173,348 | — | ||||||||||||
Dividends |
— | 24,717 | 58,458 | — | ||||||||||||
Variation margin on futures contracts |
— | 1,851 | 23,882 | — | ||||||||||||
Deposits with brokers for: |
||||||||||||||||
Futures contracts |
16 | 6,863 | 307,230 | 2 | ||||||||||||
Unrealized appreciation on OTC forward exchange contracts |
— | — | 5,329 | — | ||||||||||||
|
|
|||||||||||||||
Total assets |
15,369,051 | 10,892,114 | 387,604,617 | 5,143,129 | ||||||||||||
|
|
|||||||||||||||
Liabilities: |
||||||||||||||||
Payables: |
||||||||||||||||
Investment securities purchased |
— | — | 3,160,872 | — | ||||||||||||
Management fees |
1,167 | 819 | 57,243 | 387 | ||||||||||||
Funds advanced by custodian |
— | 1,052 | — | — | ||||||||||||
Deferred tax |
— | — | 5,127,047 | — | ||||||||||||
|
|
|||||||||||||||
Total liabilities |
1,167 | 1,871 | 8,345,162 | 387 | ||||||||||||
|
|
|||||||||||||||
Net assets, at value |
$15,367,884 | $10,890,243 | $379,259,455 | $5,142,742 | ||||||||||||
|
|
|||||||||||||||
Net assets consist of: |
||||||||||||||||
Paid-in capital |
$19,101,883 | $16,758,777 | $354,930,034 | $4,977,355 | ||||||||||||
Total distributable earnings (loss) |
(3,733,999 | ) | (5,868,534 | ) | 24,329,421 | 165,387 | ||||||||||
|
|
|||||||||||||||
Net assets, at value |
$15,367,884 | $10,890,243 | $379,259,455 | $5,142,742 | ||||||||||||
|
|
|||||||||||||||
Shares outstanding |
750,000 | 600,000 | 11,950,000 | 200,000 | ||||||||||||
|
|
|||||||||||||||
Net asset value per share |
$ 20.49 | $ 18.15 | $ 31.74 | $ 25.71 | ||||||||||||
|
|
276 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Assets and Liabilities (continued)
September 30, 2023 (unaudited)
Franklin FTSE Japan ETF |
Franklin
FTSE Japan Hedged ETF |
Franklin FTSE Latin America ETF |
Franklin FTSE Mexico ETF |
|||||||||||||
|
||||||||||||||||
Assets: |
||||||||||||||||
Investments in securities: |
||||||||||||||||
Cost – Unaffiliated issuers |
$1,553,814,305 | $251,216,313 | $51,958,075 | $28,789,597 | ||||||||||||
Cost – Non-controlled affiliates (Note 3c) |
934,680 | — | — | — | ||||||||||||
Value – Unaffiliated issuers+ |
$1,481,782,552 | $247,137,285 | $60,103,262 | $30,328,693 | ||||||||||||
Value – Non-controlled affiliates (Note 3c) |
934,680 | — | — | — | ||||||||||||
Cash |
— | — | 548 | 26 | ||||||||||||
Foreign currency, at value (cost $229,021, $196,310, $217,007 and $21,945, respectively) |
229,021 | 196,519 | 211,734 | 21,599 | ||||||||||||
Receivables: |
| |||||||||||||||
Dividends |
12,315,625 | 1,991,806 | 455,304 | 6,463 | ||||||||||||
Variation margin on futures contracts |
3,692 | 500 | 409 | — | ||||||||||||
Deposits with brokers for: |
||||||||||||||||
Futures contracts |
530,742 | 72,374 | 124,544 | 12 | ||||||||||||
Unrealized appreciation on OTC forward exchange contracts |
— | 7,192,664 | — | — | ||||||||||||
|
|
|||||||||||||||
Total assets |
1,495,796,312 | 256,591,148 | 60,895,801 | 30,356,793 | ||||||||||||
|
|
|||||||||||||||
Liabilities: |
| |||||||||||||||
Payables: |
| |||||||||||||||
Investment securities purchased |
138 | 6,900,302 | 8,849 | — | ||||||||||||
Management fees |
113,168 | 18,601 | 9,652 | 5,105 | ||||||||||||
Payable upon return of securities loaned |
934,680 | — | — | — | ||||||||||||
Unrealized depreciation on OTC forward exchange contracts |
— | 9,155 | — | — | ||||||||||||
|
|
|||||||||||||||
Total liabilities |
1,047,986 | 6,928,058 | 18,501 | 5,105 | ||||||||||||
|
|
|||||||||||||||
Net assets, at value |
$1,494,748,326 | $249,663,090 | $60,877,300 | $30,351,688 | ||||||||||||
|
|
|||||||||||||||
Net assets consist of: |
||||||||||||||||
Paid-in capital |
$1,579,167,286 | $241,101,012 | $52,908,715 | $28,244,972 | ||||||||||||
Total distributable earnings (loss) |
(84,418,960 | ) | 8,562,078 | 7,968,585 | 2,106,716 | |||||||||||
|
|
|||||||||||||||
Net assets, at value |
$1,494,748,326 | $249,663,090 | $60,877,300 | $30,351,688 | ||||||||||||
|
|
|||||||||||||||
Shares outstanding |
56,400,000 | 7,900,000 | 2,800,000 | 1,050,000 | ||||||||||||
|
|
|||||||||||||||
Net asset value per share |
$ 26.50 | $ 31.60 | $ 21.74 | $ 28.91 | ||||||||||||
|
|
|||||||||||||||
+Includes securities loaned |
887,272 | — | — | — |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
277 |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Assets and Liabilities (continued)
September 30, 2023 (unaudited)
Franklin FTSE Saudi Arabia ETF |
Franklin FTSE South Africa ETF |
Franklin FTSE South Korea ETF |
||||||||||
|
||||||||||||
Assets: |
||||||||||||
Investments in securities: |
| |||||||||||
Cost – Unaffiliated issuers |
$21,159,946 | $2,618,881 | $319,564,259 | |||||||||
Value – Unaffiliated issuers |
$22,190,169 | $1,999,904 | $312,360,847 | |||||||||
Cash |
— | — | 439,020 | |||||||||
Foreign currency, at value (cost $39,480, $4,930 and $464,145, respectively) |
39,480 | 4,918 | 456,973 | |||||||||
Receivables: |
||||||||||||
Capital shares sold |
— | — | 6,114,630 | |||||||||
Dividends |
30,661 | 4,553 | 543,756 | |||||||||
Investment securities sold |
25 | — | — | |||||||||
Variation margin on futures contracts |
— | — | 1 | |||||||||
Deposits with brokers for: |
| |||||||||||
Futures contracts |
— | — | 108,588 | |||||||||
|
|
|||||||||||
Total assets |
22,260,335 | 2,009,375 | 320,023,815 | |||||||||
|
|
|||||||||||
Liabilities: |
||||||||||||
Payables: |
||||||||||||
Management fees |
7,194 | 318 | 24,162 | |||||||||
Funds advanced by custodian |
46,383 | 9,218 | — | |||||||||
|
|
|||||||||||
Total liabilities |
53,577 | 9,536 | 24,162 | |||||||||
|
|
|||||||||||
Net assets, at value |
$22,206,758 | $1,999,839 | $319,999,653 | |||||||||
|
|
|||||||||||
Net assets consist of: |
| |||||||||||
Paid-in capital |
$21,045,215 | $3,099,543 | $346,553,306 | |||||||||
Total distributable earnings (loss) |
1,161,543 | (1,099,704 | ) | (26,553,653 | ) | |||||||
|
|
|||||||||||
Net assets, at value |
$22,206,758 | $1,999,839 | $319,999,653 | |||||||||
|
|
|||||||||||
Shares outstanding |
650,000 | 100,000 | 15,700,000 | |||||||||
|
|
|||||||||||
Net asset value per share |
$ 34.16 | $ 20.00 | $ 20.38 | |||||||||
|
|
278 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Assets and Liabilities (continued)
September 30, 2023 (unaudited)
Franklin
FTSE Switzerland ETF |
Franklin FTSE Taiwan ETF |
Franklin
FTSE United Kingdom ETF |
||||||||||
|
||||||||||||
Assets: |
||||||||||||
Investments in securities: |
| |||||||||||
Cost – Unaffiliated issuers |
$41,896,053 | $168,144,674 | $613,514,538 | |||||||||
Value – Unaffiliated issuers |
$41,239,673 | $170,188,258 | $580,450,160 | |||||||||
Cash |
— | 2,053 | 959,629 | |||||||||
Foreign currency, at value (cost $325,132 and $2,247,328, respectively) |
— | 322,562 | 2,221,976 | |||||||||
Receivables: |
||||||||||||
Dividends |
757,155 | 271,114 | 1,427,827 | |||||||||
Variation margin on futures contracts |
6,343 | 5,313 | 10,510 | |||||||||
Deposits with brokers for: |
| |||||||||||
Futures contracts |
51,414 | 26,400 | 202,465 | |||||||||
|
|
|||||||||||
Total assets |
42,054,585 | 170,815,700 | 585,272,567 | |||||||||
|
|
|||||||||||
Liabilities: |
||||||||||||
Payables: |
||||||||||||
Management fees |
3,390 | 27,186 | 42,992 | |||||||||
Funds advanced by custodian |
24,840 | — | — | |||||||||
Foreign currency advanced by custodian |
4,460 | — | — | |||||||||
|
|
|||||||||||
Total liabilities |
32,690 | 27,186 | 42,992 | |||||||||
|
|
|||||||||||
Net assets, at value |
$42,021,895 | $170,788,514 | $585,229,575 | |||||||||
|
|
|||||||||||
Net assets consist of: |
| |||||||||||
Paid-in capital |
$44,375,415 | $168,297,860 | $629,293,814 | |||||||||
Total distributable earnings (loss) |
(2,353,520 | ) | 2,490,654 | (44,064,239 | ) | |||||||
|
|
|||||||||||
Net assets, at value |
$42,021,895 | $170,788,514 | $585,229,575 | |||||||||
|
|
|||||||||||
Shares outstanding |
1,400,000 | 4,700,000 | 24,400,000 | |||||||||
|
|
|||||||||||
Net asset value per share |
$ 30.02 | $ 36.34 | $ 23.98 | |||||||||
|
|
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
279 |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Operations
for the period ended September 30, 2023 (unaudited)
Franklin FTSE Asia ex Japan ETF |
Franklin FTSE Australia ETF |
Franklin FTSE Brazil ETF |
Franklin FTSE Canada ETF |
|||||||||||||
|
||||||||||||||||
Investment income: |
||||||||||||||||
Dividends: (net of foreign taxes)a |
||||||||||||||||
Unaffiliated issuers |
$ 533,146 | $ 631,257 | $ 8,163,810 | $ 4,685,928 | ||||||||||||
Interest: |
||||||||||||||||
Unaffiliated issuers |
344 | 616 | — | — | ||||||||||||
|
|
|||||||||||||||
Total investment income |
533,490 | 631,873 | 8,163,810 | 4,685,928 | ||||||||||||
|
|
|||||||||||||||
Expenses: |
||||||||||||||||
Management fees (Note 3a) |
27,297 | 13,437 | 161,421 | 137,945 | ||||||||||||
|
|
|||||||||||||||
Total expenses |
27,297 | 13,437 | 161,421 | 137,945 | ||||||||||||
Expenses waived/paid by affiliates (Note 3c) |
(58 | ) | — | — | — | |||||||||||
|
|
|||||||||||||||
Net expenses |
27,239 | 13,437 | 161,421 | 137,945 | ||||||||||||
|
|
|||||||||||||||
Net investment income |
506,251 | 618,436 | 8,002,389 | 4,547,983 | ||||||||||||
|
|
|||||||||||||||
Realized and unrealized gains (losses): |
||||||||||||||||
Net realized gain (loss) from: |
||||||||||||||||
Investments: |
||||||||||||||||
Unaffiliated issuers |
(1,449,430 | ) | (103,843 | ) | (49,239 | ) | (838,569 | ) | ||||||||
In-kind redemptions |
47,801 | — | — | 463,256 | ||||||||||||
Foreign currency transactions |
(11,742 | ) | (4,000 | ) | 192,210 | (4,460 | ) | |||||||||
Futures contracts |
5,401 | 15,652 | 617,603 | 42,946 | ||||||||||||
|
|
|||||||||||||||
Net realized gain (loss) |
(1,407,970 | ) | (92,191 | ) | 760,574 | (336,827 | ) | |||||||||
|
|
|||||||||||||||
Net change in unrealized appreciation (depreciation) on: |
||||||||||||||||
Investments: |
||||||||||||||||
Unaffiliated issuers |
(274,046 | ) | (1,375,303 | ) | 22,418,435 | (7,633,275 | ) | |||||||||
Translation of other assets and liabilities denominated in foreign currencies |
622 | 766 | (128,375 | ) | (9,775 | ) | ||||||||||
Futures contracts |
(1,605 | ) | (16,183 | ) | 10,213 | (38,152 | ) | |||||||||
Change in deferred taxes on unrealized appreciation |
(13,249 | ) | — | — | — | |||||||||||
|
|
|||||||||||||||
Net change in unrealized appreciation (depreciation) |
(288,278 | ) | (1,390,720 | ) | 22,300,273 | (7,681,202 | ) | |||||||||
|
|
|||||||||||||||
Net realized and unrealized gain (loss) |
(1,696,248 | ) | (1,482,911 | ) | 23,060,847 | (8,018,029 | ) | |||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
$(1,189,997 | ) | $(864,475 | ) | $31,063,236 | $(3,470,046 | ) | |||||||||
|
|
|||||||||||||||
aForeign taxes withheld on dividends |
$67,928 | $6,213 | $355,330 | $826,150 | ||||||||||||
|
|
280 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Operations (continued)
for the period ended September 30, 2023 (unaudited)
Franklin FTSE China ETF |
Franklin FTSE Europe ETF |
Franklin FTSE Eurozone ETF |
Franklin FTSE France ETF |
|||||||||||||
|
||||||||||||||||
Investment income: |
||||||||||||||||
Dividends: (net of foreign taxes)a |
||||||||||||||||
Unaffiliated issuers |
$ 2,253,898 | $1,962,995 | $ 410,421 | $ 100,762 | ||||||||||||
European Union tax reclaims (Note 1e) |
— | 586,182 | — | 38,943 | ||||||||||||
Interest: (net of foreign taxes)b |
||||||||||||||||
Unaffiliated issuers |
1,858 | 3,001 | — | 7,650 | ||||||||||||
Interest from securities loaned (Note 1d): |
||||||||||||||||
Non-Controlled affiliates (Note 3c) |
251 | — | — | — | ||||||||||||
|
|
|||||||||||||||
Total investment income |
2,256,007 | 2,552,178 | 410,421 | 147,355 | ||||||||||||
|
|
|||||||||||||||
Expenses: |
||||||||||||||||
Management fees (Note 3a) |
103,127 | 52,228 | 10,325 | 2,787 | ||||||||||||
Contingent fees for European Union tax reclaims (Note 1e) |
— | 146,721 | — | 9,736 | ||||||||||||
|
|
|||||||||||||||
Total expenses |
103,127 | 198,949 | 10,325 | 12,523 | ||||||||||||
Expenses waived/paid by affiliates (Note 3c) |
(96 | ) | — | (137 | ) | — | ||||||||||
|
|
|||||||||||||||
Net expenses |
103,031 | 198,949 | 10,188 | 12,523 | ||||||||||||
|
|
|||||||||||||||
Net investment income |
2,152,976 | 2,353,229 | 400,233 | 134,832 | ||||||||||||
|
|
|||||||||||||||
Realized and unrealized gains (losses): |
||||||||||||||||
Net realized gain (loss) from: |
||||||||||||||||
Investments: |
||||||||||||||||
Unaffiliated issuers |
(5,747,958 | ) | (1,028,770 | ) | 111,174 | (41,338 | ) | |||||||||
In-kind redemptions |
— | — | 793,308 | — | ||||||||||||
Foreign currency transactions |
5,353 | 1,268 | (1,305,314 | ) | 602 | |||||||||||
Forward exchange contracts |
(98 | ) | — | 613,494 | — | |||||||||||
Futures contracts |
37,829 | 29,896 | 4,017 | 1,958 | ||||||||||||
|
|
|||||||||||||||
Net realized gain (loss) |
(5,704,874 | ) | (997,606 | ) | 216,679 | (38,778 | ) | |||||||||
|
|
|||||||||||||||
Net change in unrealized appreciation (depreciation) on: |
||||||||||||||||
Investments: |
||||||||||||||||
Unaffiliated issuers |
(10,479,021 | ) | (4,180,359 | ) | (2,331,858 | ) | (292,208 | ) | ||||||||
Translation of other assets and liabilities denominated in foreign currencies |
(61 | ) | (21,593 | ) | (1,743 | ) | (2,562 | ) | ||||||||
Futures contracts |
(8,024 | ) | (42,738 | ) | (3,554 | ) | (3,408 | ) | ||||||||
Forward exchange contracts |
— | — | 292,899 | — | ||||||||||||
|
|
|||||||||||||||
Net change in unrealized appreciation (depreciation) |
(10,487,106 | ) | (4,244,690 | ) | (2,044,256 | ) | (298,178 | ) | ||||||||
|
|
|||||||||||||||
Net realized and unrealized gain (loss) |
(16,191,980 | ) | (5,242,296 | ) | (1,827,577 | ) | (336,956 | ) | ||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
$(14,039,004 | ) | $(2,889,067 | ) | $(1,427,344 | ) | $(202,124 | ) | ||||||||
|
|
|||||||||||||||
aForeign taxes withheld on dividends |
$ 191,215 | $ 290,613 | $ 61,537 | $ 22,551 | ||||||||||||
bForeign taxes withheld on interest |
$ — | $ 710 | $ — | $ — | ||||||||||||
|
|
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
281 |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Operations (continued)
for the period ended September 30, 2023 (unaudited)
Franklin FTSE Germany ETF |
Franklin FTSE Hong Kong ETF |
Franklin FTSE India ETF |
Franklin FTSE Italy ETF |
|||||||||||||
|
||||||||||||||||
Investment income: |
||||||||||||||||
Dividends: (net of foreign taxes)a |
||||||||||||||||
Unaffiliated issuers |
$ 470,022 | $ 444,584 | $ 1,677,969 | $ 148,514 | ||||||||||||
Non-cash dividends |
— | 42,386 | — | — | ||||||||||||
Interest: |
||||||||||||||||
Unaffiliated issuers |
— | — | — | 60 | ||||||||||||
|
|
|||||||||||||||
Total investment income |
470,022 | 486,970 | 1,677,969 | 148,574 | ||||||||||||
|
|
|||||||||||||||
Expenses: |
||||||||||||||||
Management fees (Note 3a) |
7,799 | 6,862 | 229,634 | 2,360 | ||||||||||||
|
|
|||||||||||||||
Total expenses |
7,799 | 6,862 | 229,634 | 2,360 | ||||||||||||
|
|
|||||||||||||||
Net investment income |
462,223 | 480,108 | 1,448,335 | 146,214 | ||||||||||||
|
|
|||||||||||||||
Realized and unrealized gains (losses): |
||||||||||||||||
Net realized gain (loss) from: |
||||||||||||||||
Investments: |
||||||||||||||||
Unaffiliated issuers |
(245,033 | ) | (181,102 | ) | (2,341,517 | ) | (23,746 | ) | ||||||||
In-kind redemptions |
254,007 | 21,485 | — | — | ||||||||||||
Foreign currency transactions |
(2,811 | ) | 408 | (340,712 | ) | (775 | ) | |||||||||
Futures contracts |
4,438 | (3,486 | ) | 9,214 | 1,086 | |||||||||||
|
|
|||||||||||||||
Net realized gain (loss) |
10,601 | (162,695 | ) | (2,673,015 | ) | (23,435 | ) | |||||||||
|
|
|||||||||||||||
Net change in unrealized appreciation (depreciation) on: |
||||||||||||||||
Investments: |
||||||||||||||||
Unaffiliated issuers |
(1,148,143 | ) | (2,573,347 | ) | 33,558,189 | 133,781 | ||||||||||
Translation of other assets and liabilities denominated in foreign currencies |
(75 | ) | (48 | ) | 2,304 | (46 | ) | |||||||||
Futures contracts |
— | (744 | ) | (3,055 | ) | — | ||||||||||
Forward exchange contracts |
— | — | 5,329 | — | ||||||||||||
Change in deferred taxes on unrealized appreciation |
— | — | (5,016,375 | ) | — | |||||||||||
|
|
|||||||||||||||
Net change in unrealized appreciation (depreciation) |
(1,148,218 | ) | (2,574,139 | ) | 28,546,392 | 133,735 | ||||||||||
|
|
|||||||||||||||
Net realized and unrealized gain (loss) |
(1,137,617 | ) | (2,736,834 | ) | 25,873,377 | 110,300 | ||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
$ (675,394 | ) | $(2,256,726 | ) | $27,321,712 | $256,514 | ||||||||||
|
|
|||||||||||||||
aForeign taxes withheld on dividends |
$ 74,096 | $ 632 | $ 502,184 | $ 24,900 | ||||||||||||
|
|
282 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Operations (continued)
for the period ended September 30, 2023 (unaudited)
Franklin FTSE Japan ETF |
Franklin
FTSE Japan Hedged ETF |
Franklin FTSE Latin America ETF |
Franklin FTSE Mexico ETF |
|||||||||||||
|
||||||||||||||||
Investment income: |
||||||||||||||||
Dividends: (net of foreign taxes)a |
||||||||||||||||
Unaffiliated issuers |
$14,729,956 | $ 2,198,090 | $2,199,464 | $ 528,766 | ||||||||||||
Interest: |
||||||||||||||||
Unaffiliated issuers |
(230 | ) | (23 | ) | — | — | ||||||||||
Interest from securities loaned (Note 1d): |
||||||||||||||||
Unaffiliated issuers (net of fees and rebates) |
6,224 | — | — | — | ||||||||||||
|
|
|||||||||||||||
Total investment income |
14,735,950 | 2,198,067 | 2,199,464 | 528,766 | ||||||||||||
|
|
|||||||||||||||
Expenses: |
||||||||||||||||
Management fees (Note 3a) |
597,163 | 63,464 | 59,906 | 30,349 | ||||||||||||
|
|
|||||||||||||||
Total expenses |
597,163 | 63,464 | 59,906 | 30,349 | ||||||||||||
Expenses waived/paid by affiliates (Note 3c) |
(4,147 | ) | (782 | ) | — | — | ||||||||||
|
|
|||||||||||||||
Net expenses |
593,016 | 62,682 | 59,906 | 30,349 | ||||||||||||
|
|
|||||||||||||||
Net investment income |
14,142,934 | 2,135,385 | 2,139,558 | 498,417 | ||||||||||||
|
|
|||||||||||||||
Realized and unrealized gains (losses): |
||||||||||||||||
Net realized gain (loss) from: |
||||||||||||||||
Investments: |
||||||||||||||||
Unaffiliated issuers |
(6,623,339 | ) | (530,851 | ) | (270,471 | ) | (279,175 | ) | ||||||||
In-kind redemptions |
6,747,682 | — | 1,034,598 | 1,604,507 | ||||||||||||
Foreign currency transactions |
(866,382 | ) | (45,674 | ) | 15,091 | 10,099 | ||||||||||
Forward exchange contracts |
— | 11,335,185 | (1,079 | ) | — | |||||||||||
Futures contracts |
2,204,280 | 48,553 | 13,478 | (1,364 | ) | |||||||||||
|
|
|||||||||||||||
Net realized gain (loss) |
1,462,241 | 10,807,213 | 791,617 | 1,334,067 | ||||||||||||
|
|
|||||||||||||||
Net change in unrealized appreciation (depreciation) on: |
||||||||||||||||
Investments: |
||||||||||||||||
Unaffiliated issuers |
28,476,859 | (3,364,936 | ) | 2,710,640 | (2,312,913 | ) | ||||||||||
Translation of other assets and liabilities denominated in foreign currencies |
25,620 | 9,730 | (17,918 | ) | (431 | ) | ||||||||||
Futures contracts |
(266,906 | ) | (17,831 | ) | (333 | ) | — | |||||||||
Forward exchange contracts |
— | 7,430,761 | — | — | ||||||||||||
|
|
|||||||||||||||
Net change in unrealized appreciation (depreciation) |
28,235,573 | 4,057,724 | 2,692,389 | (2,313,344 | ) | |||||||||||
|
|
|||||||||||||||
Net realized and unrealized gain (loss) |
29,697,814 | 14,864,937 | 3,484,006 | (979,277 | ) | |||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
$43,840,748 | $17,000,322 | $5,623,564 | $ (480,860 | ) | |||||||||||
|
|
|||||||||||||||
aForeign taxes withheld on dividends |
$ 1,632,897 | $ 243,053 | $ 206,379 | $ 62,035 | ||||||||||||
|
|
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
283 |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Operations (continued)
for the period ended September 30, 2023 (unaudited)
Franklin FTSE Saudi Arabia ETF |
Franklin FTSE South Africa ETF |
Franklin FTSE South Korea ETF |
Franklin FTSE Switzerland ETF |
|||||||||||||
|
||||||||||||||||
Investment income: |
||||||||||||||||
Dividends: (net of foreign taxes)a |
||||||||||||||||
Unaffiliated issuers |
$460,014 | $ 43,593 | $1,418,555 | $ 842,589 | ||||||||||||
Interest: (net of foreign taxes)b |
||||||||||||||||
Unaffiliated issuers |
— | — | 5,185 | (1,090 | ) | |||||||||||
|
|
|||||||||||||||
Total investment income |
460,014 | 43,593 | 1,423,740 | 841,499 | ||||||||||||
|
|
|||||||||||||||
Expenses: |
||||||||||||||||
Management fees (Note 3a) |
44,980 | 2,035 | 145,245 | 23,949 | ||||||||||||
|
|
|||||||||||||||
Total expenses |
44,980 | 2,035 | 145,245 | 23,949 | ||||||||||||
|
|
|||||||||||||||
Net investment income |
415,034 | 41,558 | 1,278,495 | 817,550 | ||||||||||||
|
|
|||||||||||||||
Realized and unrealized gains (losses): |
||||||||||||||||
Net realized gain (loss) from: |
||||||||||||||||
Investments: |
||||||||||||||||
Unaffiliated issuers |
(52,470 | ) | (82,648 | ) | (5,024,724 | ) | (1,662,487 | ) | ||||||||
In-kind redemptions |
— | — | — | 1,269,680 | ||||||||||||
Foreign currency transactions |
80 | (99 | ) | (62,429 | ) | 6,547 | ||||||||||
Forward exchange contracts |
(157 | ) | — | — | — | |||||||||||
Futures contracts |
— | — | 166,401 | (3,181 | ) | |||||||||||
|
|
|||||||||||||||
Net realized gain (loss) |
(52,547 | ) | (82,747 | ) | (4,920,752 | ) | (389,441 | ) | ||||||||
|
|
|||||||||||||||
Net change in unrealized appreciation (depreciation) on: |
||||||||||||||||
Investments: |
||||||||||||||||
Unaffiliated issuers |
284,565 | (158,931 | ) | (5,486,456 | ) | (755,513 | ) | |||||||||
Translation of other assets and liabilities denominated in foreign currencies |
(101 | ) | (203 | ) | 37,029 | (8,713 | ) | |||||||||
Futures contracts |
— | — | (44,742 | ) | (58,011 | ) | ||||||||||
|
|
|||||||||||||||
Net change in unrealized appreciation (depreciation) |
284,464 | (159,134 | ) | (5,494,169 | ) | (822,237 | ) | |||||||||
|
|
|||||||||||||||
Net realized and unrealized gain (loss) |
231,917 | (241,881 | ) | (10,414,921 | ) | (1,211,678 | ) | |||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
$646,951 | $(200,323 | ) | $(9,136,426 | ) | $ (394,128 | ) | |||||||||
|
|
|||||||||||||||
aForeign taxes withheld on dividends |
$ 21,822 | $ 7,401 | $287,774 | $ 128,327 | ||||||||||||
bForeign taxes withheld on interest |
$ — | $ — | $ 50 | $ — | ||||||||||||
|
|
284 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Operations (continued)
for the period ended September 30, 2023 (unaudited)
Franklin FTSE Taiwan ETF |
Franklin FTSE United Kingdom ETF |
|||||||
|
||||||||
Investment income: |
||||||||
Dividends: (net of foreign taxes)a |
||||||||
Unaffiliated issuers |
$5,147,970 | $12,470,985 | ||||||
Unaffiliated issuers (net of fees and rebates) |
— | 169 | ||||||
Non-Controlled affiliates (Note 3c) |
— | (169 | ) | |||||
|
|
|||||||
Total investment income |
5,147,970 | 12,470,985 | ||||||
|
|
|||||||
Expenses: |
||||||||
Management fees (Note 3a) |
153,390 | 257,273 | ||||||
|
|
|||||||
Total expenses |
153,390 | 257,273 | ||||||
Expenses waived/paid by affiliates (Note 3c) |
— | (76 | ) | |||||
|
|
|||||||
Net expenses |
153,390 | 257,197 | ||||||
|
|
|||||||
Net investment income |
4,994,580 | 12,213,788 | ||||||
|
|
|||||||
Realized and unrealized gains (losses): |
||||||||
Net realized gain (loss) from: |
||||||||
Investments: |
||||||||
Unaffiliated issuers |
(1,044,496 | ) | (2,745,343 | ) | ||||
In-kind redemptions |
— | 3,207,483 | ||||||
Foreign currency transactions |
(50,872 | ) | 105,260 | |||||
Futures contracts |
25,415 | 68,676 | ||||||
|
|
|||||||
Net realized gain (loss) |
(1,069,953 | ) | 636,076 | |||||
|
|
|||||||
Net change in unrealized appreciation (depreciation) on: |
||||||||
Investments: |
||||||||
Unaffiliated issuers |
(9,369,876 | ) | (6,482,757 | ) | ||||
Translation of other assets and liabilities denominated in foreign currencies |
(6,150 | ) | (96,302 | ) | ||||
Futures contracts |
3,881 | 8,979 | ||||||
|
|
|||||||
Net change in unrealized appreciation (depreciation) |
(9,372,145 | ) | (6,570,080 | ) | ||||
|
|
|||||||
Net realized and unrealized gain (loss) |
(10,442,098 | ) | (5,934,004 | ) | ||||
|
|
|||||||
Net increase (decrease) in net assets resulting from operations |
$ (5,447,518 | ) | $ 6,279,784 | |||||
|
|
|||||||
aForeign taxes withheld on dividends |
$ 1,294,784 | $ 27,717 | ||||||
|
|
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
285 |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Changes in Net Assets
Franklin FTSE Asia ex Japan ETF | Franklin FTSE Australia ETF | |||||||||||||||
|
|
|||||||||||||||
Six Months Ended September 30, 2023 (unaudited) |
Year Ended March 31, 2023 |
Six Months Ended (unaudited) |
Year Ended March 31, 2023 |
|||||||||||||
|
||||||||||||||||
Increase (decrease) in net assets: |
||||||||||||||||
Operations: |
||||||||||||||||
Net investment income |
$ 506,251 | $ 868,301 | $ 618,436 | $ 1,689,308 | ||||||||||||
Net realized gain (loss) |
(1,407,970 | ) | (2,158,882 | ) | (92,191 | ) | (237,728 | ) | ||||||||
Net change in unrealized appreciation (depreciation) |
(288,278 | ) | (2,638,071 | ) | (1,390,720 | ) | (4,246,611 | ) | ||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
(1,189,997 | ) | (3,928,652 | ) | (864,475 | ) | (2,795,031 | ) | ||||||||
|
|
|||||||||||||||
Distributions to shareholders (Note 1f) |
(250,083 | ) | (845,059 | ) | (526,733 | ) | (1,647,793 | ) | ||||||||
|
|
|||||||||||||||
Capital share transactions: (Note 2) |
(4,024,057 | ) | (3,997,011 | ) | 1,313,154 | 3,911,576 | ||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets |
(5,464,137 | ) | (8,770,722 | ) | (78,054 | ) | (531,248 | ) | ||||||||
Net assets: |
||||||||||||||||
Beginning of period |
29,980,329 | 38,751,051 | 29,436,936 | 29,968,184 | ||||||||||||
|
|
|||||||||||||||
End of period |
$24,516,192 | $29,980,329 | $29,358,882 | $29,436,936 | ||||||||||||
|
|
286 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Changes in Net Assets (continued)
Franklin FTSE Brazil ETF | Franklin FTSE Canada ETF | |||||||||||||||
|
|
|||||||||||||||
Six Months Ended September 30, 2023 (unaudited) |
Year Ended March 31, 2023 |
Six Months Ended September 30, 2023 (unaudited) |
Year Ended March 31, 2023 |
|||||||||||||
|
||||||||||||||||
Increase (decrease) in net assets: |
||||||||||||||||
Operations: |
||||||||||||||||
Net investment income |
$ 8,002,389 | $ 35,628,028 | $ 4,547,983 | $ 6,761,710 | ||||||||||||
Net realized gain (loss) |
760,574 | (94,944,037 | ) | (336,827 | ) | 3,339,371 | ||||||||||
Net change in unrealized appreciation (depreciation) |
22,300,273 | (45,250,023 | ) | (7,681,202 | ) | (27,287,099 | ) | |||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
31,063,236 | (104,566,032 | ) | (3,470,046 | ) | (17,186,018 | ) | |||||||||
|
|
|||||||||||||||
Distributions to shareholders (Note 1f) |
(7,264,422 | ) | (37,484,866 | ) | (2,907,341 | ) | (5,031,676 | ) | ||||||||
|
|
|||||||||||||||
Capital share transactions: (Note 2) |
(165,476,822 | ) | (116,854,829 | ) | 57,477,133 | 258,855,931 | ||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets |
(141,678,008 | ) | (258,905,727 | ) | 51,099,746 | 236,638,237 | ||||||||||
Net assets: |
||||||||||||||||
Beginning of period |
268,913,776 | 527,819,503 | 279,927,048 | 43,288,811 | ||||||||||||
|
|
|||||||||||||||
End of period |
$127,235,768 | $268,913,776 | $331,026,794 | $279,927,048 | ||||||||||||
|
|
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
287 |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Changes in Net Assets (continued)
Franklin FTSE China ETF | Franklin FTSE Europe ETF | |||||||||||||||
|
|
|||||||||||||||
Six Months Ended September 30, 2023 (unaudited) |
Year Ended March 31, 2023 |
Six Months Ended September 30, 2023 (unaudited) |
Year Ended March 31, 2023 |
|||||||||||||
|
||||||||||||||||
Increase (decrease) in net assets: |
||||||||||||||||
Operations: |
||||||||||||||||
Net investment income |
$ 2,152,976 | $ 2,972,502 | $ 2,353,229 | $ 3,712,113 | ||||||||||||
Net realized gain (loss) |
(5,704,874 | ) | (8,490,513 | ) | (997,606 | ) | 4,478,468 | |||||||||
Net change in unrealized appreciation (depreciation) |
(10,487,106 | ) | (280,918 | ) | (4,244,690 | ) | (20,843,640 | ) | ||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
(14,039,004 | ) | (5,798,929 | ) | (2,889,067 | ) | (12,653,059 | ) | ||||||||
|
|
|||||||||||||||
Distributions to shareholders (Note 1f) |
(1,086,404 | ) | (2,755,725 | ) | (2,260,310 | ) | (3,354,521 | ) | ||||||||
|
|
|||||||||||||||
Capital share transactions: (Note 2) |
7,393,294 | 11,335,252 | 10,997,894 | (57,291,354 | ) | |||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets |
(7,732,114 | ) | 2,780,598 | 5,848,517 | (73,298,934 | ) | ||||||||||
Net assets: |
||||||||||||||||
Beginning of period |
114,234,356 | 111,453,758 | 111,558,148 | 184,857,082 | ||||||||||||
|
|
|||||||||||||||
End of period |
$106,502,242 | $114,234,356 | $117,406,665 | $111,558,148 | ||||||||||||
|
|
288 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Changes in Net Assets (continued)
Franklin FTSE Eurozone ETF | Franklin FTSE France ETF | |||||||||||||||
|
|
|||||||||||||||
Six Months Ended September 30, 2023 (unaudited) |
Year Ended March 31, 2023 |
Six Months Ended September 30, 2023 (unaudited) |
Year Ended March 31, 2023 |
|||||||||||||
|
||||||||||||||||
Increase (decrease) in net assets: |
||||||||||||||||
Operations: |
||||||||||||||||
Net investment income |
$ 400,233 | $ 581,317 | $ 134,832 | $ 284,539 | ||||||||||||
Net realized gain (loss) |
216,679 | 220,188 | (38,778 | ) | (280,243 | ) | ||||||||||
Net change in unrealized appreciation (depreciation) |
(2,044,256 | ) | (1,004,928 | ) | (298,178 | ) | (129,793 | ) | ||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
(1,427,344 | ) | (203,423 | ) | (202,124 | ) | (125,497 | ) | ||||||||
|
|
|||||||||||||||
Distributions to shareholders (Note 1f) |
(421,414 | ) | (3,158,611 | ) | (94,936 | ) | (227,103 | ) | ||||||||
|
|
|||||||||||||||
Capital share transactions: (Note 2) |
5,211,634 | (4,169,747 | ) | — | (3,601,500 | ) | ||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets |
3,362,876 | (7,531,781 | ) | (297,060 | ) | (3,954,100 | ) | |||||||||
Net assets: |
||||||||||||||||
Beginning of period |
14,162,892 | 21,694,673 | 6,133,781 | 10,087,881 | ||||||||||||
|
|
|||||||||||||||
End of period |
$17,525,768 | $14,162,892 | $5,836,721 | $6,133,781 | ||||||||||||
|
|
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
289 |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Changes in Net Assets (continued)
Franklin FTSE Germany ETF | Franklin FTSE Hong Kong ETF | |||||||||||||||
|
|
|||||||||||||||
Six Months Ended September 30, 2023 (unaudited) |
Year Ended March 31, 2023 |
Six Months Ended September 30, 2023 (unaudited) |
Year Ended March 31, 2023 |
|||||||||||||
|
||||||||||||||||
Increase (decrease) in net assets: |
||||||||||||||||
Operations: |
||||||||||||||||
Net investment income |
$ 462,223 | $ 443,742 | $ 480,108 | $ 517,292 | ||||||||||||
Net realized gain (loss) |
10,601 | 270,943 | (162,695 | ) | (589,584 | ) | ||||||||||
Net change in unrealized appreciation (depreciation) |
(1,148,218 | ) | 248,047 | (2,574,139 | ) | (625,284 | ) | |||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
(675,394 | ) | 962,732 | (2,256,726 | ) | (697,576 | ) | |||||||||
|
|
|||||||||||||||
Distributions to shareholders (Note 1f) |
(553,900 | ) | (449,481 | ) | (287,973 | ) | (536,059 | ) | ||||||||
|
|
|||||||||||||||
Capital share transactions: (Note 2) |
(1,086,035 | ) | 395,253 | (3,633,931 | ) | 729,118 | ||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets |
(2,315,329 | ) | 908,504 | (6,178,630 | ) | (504,517 | ) | |||||||||
Net assets: |
||||||||||||||||
Beginning of period |
17,683,213 | 16,774,709 | 17,068,873 | 17,573,390 | ||||||||||||
|
|
|||||||||||||||
End of period |
$15,367,884 | $17,683,213 | $10,890,243 | $17,068,873 | ||||||||||||
|
|
290 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Changes in Net Assets (continued)
Franklin FTSE India ETF | Franklin FTSE Italy ETF | |||||||||||||||
|
|
|||||||||||||||
Six Months Ended September 30, 2023 (unaudited) |
Year Ended March 31, 2023 |
Six Months Ended September 30, 2023 (unaudited) |
Year Ended March 31, 2023 |
|||||||||||||
|
||||||||||||||||
Increase (decrease) in net assets: |
||||||||||||||||
Operations: |
||||||||||||||||
Net investment income |
$ 1,448,335 | $ 599,378 | $ 146,214 | $ 133,696 | ||||||||||||
Net realized gain (loss) |
(2,673,015 | ) | (1,609,627 | ) | (23,435 | ) | (97,035 | ) | ||||||||
Net change in unrealized appreciation (depreciation) |
28,546,392 | (7,048,771 | ) | 133,735 | 215,985 | |||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
27,321,712 | (8,059,020 | ) | 256,514 | 252,646 | |||||||||||
|
|
|||||||||||||||
Distributions to shareholders (Note 1f) |
— | (445,431 | ) | (152,586 | ) | (160,658 | ) | |||||||||
|
|
|||||||||||||||
Capital share transactions: (Note 2) |
252,960,301 | 57,341,977 | — | 1,248,714 | ||||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets |
280,282,013 | 48,837,526 | 103,928 | 1,340,702 | ||||||||||||
Net assets: |
||||||||||||||||
Beginning of period |
98,977,442 | 50,139,916 | 5,038,814 | 3,698,112 | ||||||||||||
|
|
|||||||||||||||
End of period |
$379,259,455 | $98,977,442 | $5,142,742 | $5,038,814 | ||||||||||||
|
|
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
291 |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Changes in Net Assets (continued)
Franklin FTSE Japan ETF | Franklin FTSE Japan Hedged ETF | |||||||||||||||
|
|
|||||||||||||||
Six Months
Ended September 30, 2023 (unaudited) |
Year
Ended March 31, 2023 |
Six Months Ended September 30, 2023 (unaudited) |
Year
Ended March 31, 2023 |
|||||||||||||
|
||||||||||||||||
Increase (decrease) in net assets: |
||||||||||||||||
Operations: |
||||||||||||||||
Net investment income |
$ 14,142,934 | $ 21,152,656 | $ 2,135,385 | $ 456,288 | ||||||||||||
Net realized gain (loss) |
1,462,241 | (4,730,760 | ) | 10,807,213 | 326,329 | |||||||||||
Net change in unrealized appreciation (depreciation) |
28,235,573 | (55,868,560 | ) | 4,057,724 | 752,939 | |||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
43,840,748 | (39,446,664 | ) | 17,000,322 | 1,535,556 | |||||||||||
|
|
|||||||||||||||
Distributions to shareholders (Note 1f) |
(17,758,740 | ) | (15,080,965 | ) | (1,533,998 | ) | (6,293,059 | ) | ||||||||
|
|
|||||||||||||||
Capital share transactions: (Note 2) |
467,863,096 | 265,693,564 | 220,912,272 | (6,677,798 | ) | |||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets |
493,945,104 | 211,165,935 | 236,378,596 | (11,435,301 | ) | |||||||||||
Net assets: |
||||||||||||||||
Beginning of period |
1,000,803,222 | 789,637,287 | 13,284,494 | 24,719,795 | ||||||||||||
|
|
|||||||||||||||
End of period |
$1,494,748,326 | $1,000,803,222 | $249,663,090 | $13,284,494 | ||||||||||||
|
|
292 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Changes in Net Assets (continued)
Franklin FTSE Latin America ETF | Franklin FTSE Mexico ETF | |||||||||||||||
|
|
|||||||||||||||
Six Months Ended September 30, 2023 (unaudited) |
Year
Ended March 31, 2023 |
Six Months Ended September 30, 2023 (unaudited) |
Year Ended March 31, 2023 |
|||||||||||||
|
||||||||||||||||
Increase (decrease) in net assets: |
||||||||||||||||
Operations: |
||||||||||||||||
Net investment income |
$ 2,139,558 | $ 3,964,605 | $ 498,417 | $ 461,922 | ||||||||||||
Net realized gain (loss) |
791,617 | (1,670,626 | ) | 1,334,067 | 234,118 | |||||||||||
Net change in unrealized appreciation (depreciation) |
2,692,389 | 4,560,448 | (2,313,344 | ) | 1,255,017 | |||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
5,623,564 | 6,854,427 | (480,860 | ) | 1,951,057 | |||||||||||
|
|
|||||||||||||||
Distributions to shareholders (Note 1f) |
(1,467,911 | ) | (3,573,506 | ) | (280,493 | ) | (447,955 | ) | ||||||||
|
|
|||||||||||||||
Capital share transactions: (Note 2) |
(10,650,585 | ) | 56,516,479 | 6,223,193 | 11,014,721 | |||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets |
(6,494,932 | ) | 59,797,400 | 5,461,840 | 12,517,823 | |||||||||||
Net assets: |
||||||||||||||||
Beginning of period |
67,372,232 | 7,574,832 | 24,889,848 | 12,372,025 | ||||||||||||
|
|
|||||||||||||||
End of period |
$60,877,300 | $67,372,232 | $30,351,688 | $24,889,848 | ||||||||||||
|
|
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
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FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Changes in Net Assets (continued)
Franklin FTSE Saudi Arabia ETF | Franklin FTSE South Africa ETF | |||||||||||||||
|
|
|||||||||||||||
Six Months Ended September 30, 2023 (unaudited) |
Year Ended March 31, 2023 |
Six Months Ended September 30, 2023 (unaudited) |
Year Ended March 31, 2023 |
|||||||||||||
|
||||||||||||||||
Increase (decrease) in net assets: |
||||||||||||||||
Operations: |
||||||||||||||||
Net investment income |
$ 415,034 | $ 256,829 | $ 41,558 | $ 161,186 | ||||||||||||
Net realized gain (loss) |
(52,547 | ) | (89,444 | ) | (82,747 | ) | 44,767 | |||||||||
Net change in unrealized appreciation (depreciation) |
284,464 | (908,625 | ) | (159,134 | ) | (1,673,622 | ) | |||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
646,951 | (741,240 | ) | (200,323 | ) | (1,467,669 | ) | |||||||||
|
|
|||||||||||||||
Distributions to shareholders (Note 1f) |
(313,825 | ) | (78,128 | ) | (43,465 | ) | (191,901 | ) | ||||||||
|
|
|||||||||||||||
Capital share transactions: (Note 2) |
— | 18,562,690 | — | (2,054,548 | ) | |||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets |
333,126 | 17,743,322 | (243,788 | ) | (3,714,118 | ) | ||||||||||
Net assets: |
||||||||||||||||
Beginning of period |
21,873,632 | 4,130,310 | 2,243,627 | 5,957,745 | ||||||||||||
|
|
|||||||||||||||
End of period |
$22,206,758 | $21,873,632 | $1,999,839 | $2,243,627 | ||||||||||||
|
|
294 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Changes in Net Assets (continued)
Franklin FTSE South Korea ETF | Franklin FTSE Switzerland ETF | |||||||||||||||
|
|
|||||||||||||||
Six Months Ended September 30, 2023 (unaudited) |
Year
Ended March 31, 2023 |
Six Months Ended September 30, 2023 (unaudited) |
Year Ended March 31, 2023 |
|||||||||||||
|
||||||||||||||||
Increase (decrease) in net assets: |
||||||||||||||||
Operations: |
||||||||||||||||
Net investment income |
$ 1,278,495 | $ 2,463,031 | $ 817,550 | $ 1,129,107 | ||||||||||||
Net realized gain (loss) |
(4,920,752 | ) | (3,868,112 | ) | (389,441 | ) | 34,755 | |||||||||
Net change in unrealized appreciation (depreciation) |
(5,494,169 | ) | (2,460,649 | ) | (822,237 | ) | (3,642,334 | ) | ||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
(9,136,426 | ) | (3,865,730 | ) | (394,128 | ) | (2,478,472 | ) | ||||||||
|
|
|||||||||||||||
Distributions to shareholders (Note 1f) |
(2,530,156 | ) | (2,183,845 | ) | (1,251,401 | ) | (1,004,310 | ) | ||||||||
|
|
|||||||||||||||
Capital share transactions: (Note 2) |
38,617,442 | 237,736,926 | (6,273,325 | ) | 5,830,307 | |||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets |
26,950,860 | 231,687,351 | (7,918,854 | ) | 2,347,525 | |||||||||||
Net assets: |
||||||||||||||||
Beginning of period |
293,048,793 | 61,361,442 | 49,940,749 | 47,593,224 | ||||||||||||
|
|
|||||||||||||||
End of period |
$319,999,653 | $293,048,793 | $42,021,895 | $49,940,749 | ||||||||||||
|
|
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
295 |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Changes in Net Assets (continued)
Franklin FTSE Taiwan ETF | Franklin FTSE United Kingdom ETF | |||||||||||||||
|
|
|||||||||||||||
Six Months
Ended September 30, 2023 (unaudited) |
Year Ended March 31, 2023 |
Six Months
Ended September 30, 2023 (unaudited) |
Year Ended March 31, 2023 |
|||||||||||||
|
||||||||||||||||
Increase (decrease) in net assets: |
||||||||||||||||
Operations: |
||||||||||||||||
Net investment income |
$ 4,994,580 | $ 1,574,443 | $ 12,213,788 | $ 20,825,635 | ||||||||||||
Net realized gain (loss) |
(1,069,953 | ) | (1,985,757 | ) | 636,076 | (8,708,680 | ) | |||||||||
Net change in unrealized appreciation (depreciation) |
(9,372,145 | ) | (1,981,761 | ) | (6,570,080 | ) | (35,670,632 | ) | ||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
(5,447,518 | ) | (2,393,075 | ) | 6,279,784 | (23,553,677 | ) | |||||||||
|
|
|||||||||||||||
Distributions to shareholders (Note 1f) |
(763,492 | ) | (1,549,538 | ) | (11,014,625 | ) | (20,583,824 | ) | ||||||||
|
|
|||||||||||||||
Capital share transactions: (Note 2) |
39,905,697 | 97,369,890 | 21,003,501 | (474,084 | ) | |||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets |
33,694,687 | 93,427,277 | 16,268,660 | (44,611,585 | ) | |||||||||||
Net assets: |
||||||||||||||||
Beginning of period |
137,093,827 | 43,666,550 | 568,960,915 | 613,572,500 | ||||||||||||
|
|
|||||||||||||||
End of period |
$170,788,514 | $137,093,827 | $585,229,575 | $568,960,915 | ||||||||||||
|
|
296 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Notes to Financial Statements (unaudited)
1. Organization and Significant Accounting Policies
Franklin Templeton ETF Trust (Trust) is registered under the Investment Company Act of 1940 (1940 Act) as an open-end management investment company consisting of fifty-one separate funds, twenty-two of which are included in this report (Funds). The Funds follow the accounting and reporting guidance in Financial Accounting Standards Board (“FASB”) Accounting Standard Codification Topic 946, Financial Services - Investment Companies (“ASC 946”) and applies the specialized accounting and reporting guidance in U.S. Generally Accepted Accounting Principles (U.S. GAAP), including, but not limited to, ASC 946. Each of the Funds are an exchange traded fund (ETF) and seek to provide the investment results that closely correspond, before fees and expenses, to the performance of each Fund’s corresponding underlying index.
Effective August 1, 2023 Franklin FTSE Europe Hedged ETF changed its name to Franklin FTSE Eurozone ETF.
The following summarizes the Funds’ significant accounting policies.
a. Financial Instrument Valuation
The Funds’ investments in financial instruments are carried at fair value daily. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. The Funds calculate the net asset value (NAV) per share each business day as of 4 p.m. Eastern time or the regularly scheduled close of the New York Stock Exchange (NYSE), whichever is earlier. Under compliance policies and procedures approved by the Trust’s Board of Trustees (the Board), the Board has designated the Fund’s investment manager as the valuation designee and has responsibility for oversight of valuation. The investment manager is assisted by the Fund’s administrator in performing this responsibility, including leading the cross-functional Valuation Committee (VC).
The Funds may utilize independent pricing services, quotations from securities and financial instrument dealers, and other market sources to determine fair value.
Equity securities and derivative financial instruments listed on an exchange or on the NASDAQ National Market System are valued at the last quoted sale price or the official closing price of the day, respectively. Foreign equity securities are valued as of the close of trading on the foreign stock exchange on which the security is primarily traded or as of 4 p.m. Eastern time. The value is then converted into its U.S. dollar equivalent at the foreign exchange rate in effect at
4 p.m. London time on the day that the value of the security is determined. Over-the-counter (OTC) securities are valued within the range of the most recent quoted bid and ask prices. Securities that trade in multiple markets or on multiple exchanges are valued according to the broadest and most representative market. Certain equity securities are valued based upon fundamental characteristics or relationships to similar securities.
Certain derivative financial instruments are centrally cleared or trade in the OTC market. The Funds’ pricing services use various techniques including industry standard option pricing models and proprietary discounted cash flow models to determine the fair value of those instruments. The Funds’ net benefit or obligation under the derivative contract, as measured by the fair value of the contract, is included in net assets.
The Funds have procedures to determine the fair value of financial instruments for which market prices are not reliable or readily available. Under these procedures, the Funds primarily employ a market-based approach which may use related or comparable assets or liabilities, recent transactions, market multiples, book values, and other relevant information for the investment to determine the fair value of the investment. An income-based valuation approach may also be used in which the anticipated future cash flows of the investment are discounted to calculate fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the investments. Due to the inherent uncertainty of valuations of such investments, the fair values may differ significantly from the values that would have been used had an active market existed.
Trading in securities on foreign securities stock exchanges and OTC markets may be completed before 4 p.m. Eastern time. In addition, trading in certain foreign markets may not take place on every Funds’ business day. Occasionally, events occur between the time at which trading in a foreign security is completed and 4 p.m. Eastern time that might call into question the reliability of the value of a portfolio security held by the Funds. As a result, differences may arise between the value of the Funds’ portfolio securities as determined at the foreign market close and the latest indications of value at 4 p.m. Eastern time. In order to minimize the potential for these differences, an independent pricing service may be used to adjust the Funds’ portfolio securities to the latest indications of fair value at 4 p.m. Eastern time. At September 30, 2023, certain securities may have been fair valued using these procedures, in which case the securities were categorized as Level 2 inputs within the fair value hierarchy (referred to as “market level fair value”).
franklintempleton.com |
Semiannual Report |
297 |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
1. Organization and Significant Accounting Policies (continued)
a. Financial Instrument Valuation (continued)
When the last day of the reporting period is a non-business day, certain foreign markets may be open on those days that the Funds’ NAV is not calculated, which could result in differences between the value of the Funds’ portfolio securities on the last business day and the last calendar day of the reporting period. Any significant security valuation changes due to an open foreign market are adjusted and reflected by the Funds for financial reporting purposes.
b. Foreign Currency Translation
Portfolio securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars based on the exchange rate of such currencies against U.S. dollars on the date of valuation. The Funds may enter into foreign currency exchange contracts to facilitate transactions denominated in a foreign currency. Purchases and sales of securities, income and expense items denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date. Portfolio securities and assets and liabilities denominated in foreign currencies contain risks that those currencies will decline in value relative to the U.S. dollar. Occasionally, events may impact the availability or reliability of foreign exchange rates used to convert the U.S. dollar equivalent value. If such an event occurs, the foreign exchange rate will be valued at fair value using procedures established and approved by the Board.
The Funds do not separately report the effect of changes in foreign exchange rates from changes in market prices on securities held. Such changes are included in net realized and unrealized gain or loss from investments in the Statements of Operations.
Realized foreign exchange gains or losses arise from sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions and the difference between the recorded amounts of dividends, interest, and foreign withholding taxes and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in foreign exchange rates on
foreign denominated assets and liabilities other than investments in securities held at the end of the reporting period.
c. Derivative Financial Instruments
Certain or all Funds invested in derivative financial instruments in order to manage risk or gain exposure to various other investments or markets. Derivatives are financial contracts based on an underlying or notional amount, require no initial investment or an initial net investment that is smaller than would normally be required to have a similar response to changes in market factors, and require or permit net settlement. Derivatives contain various risks including the potential inability of the counterparty to fulfill their obligations under the terms of the contract, the potential for an illiquid secondary market, and/or the potential for market movements which expose the Funds to gains or losses in excess of the amounts shown in the Statements of Assets and Liabilities. Realized gain and loss and unrealized appreciation and depreciation on these contracts for the period are included in the Statements of Operations.
Derivative counterparty credit risk is managed through a formal evaluation of the creditworthiness of all potential counterparties. Certain or all Funds attempt to reduce their exposure to counterparty credit risk on OTC derivatives, whenever possible, by entering into International Swaps and Derivatives Association (ISDA) master agreements with certain counterparties. These agreements contain various provisions, including but not limited to collateral requirements, events of default, or early termination. Termination events applicable to the counterparty include certain deteriorations in the credit quality of the counterparty.
Termination events applicable to the Funds include failure of the Funds to maintain certain net asset levels and/or limit the decline in net assets over various periods of time. In the event of default or early termination, the ISDA master agreement gives the non-defaulting party the right to net and close-out all transactions traded, whether or not arising under the ISDA agreement, to one net amount payable by one counterparty to the other. However, absent an event of default or early termination, OTC derivative assets and liabilities are presented gross and not offset in the Statements of Assets and Liabilities. Early termination by the counterparty may result in an immediate payment by the Funds of any net liability owed to that counterparty under the ISDA agreement.
298 | Semiannual Report | franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
1. Organization and Significant Accounting Policies (continued)
c. Derivative Financial Instruments (continued)
Collateral requirements differ by type of derivative. Collateral terms are contract specific for OTC derivatives. For OTC derivatives traded under an ISDA master agreement, posting of collateral is required by either the Fund or the applicable counterparty if the total net exposure of all OTC derivatives with the applicable counterparty exceeds the minimum transfer amount, which typically ranges from $100,000 to $250,000, and can vary depending on the counterparty and the type of agreement. Generally, collateral is determined at the close of Fund business each day and any additional collateral required due to changes in derivative values may be delivered by the Fund or the counterparty the next business day, or within a few business days. Collateral pledged and/or received by the Fund, if any, is held in segregated accounts with the Fund’s custodian/counterparty broker and can be in the form of cash and/or securities. Unrestricted cash may be invested according to the Funds’ investment objectives. To the extent that the amounts due to the Fund from its counterparties are not subject to collateralization or are not fully collateralized, the Fund bears the risk of loss from counterparty non-performance.
Certain or all Funds entered into exchange traded futures contracts primarily to manage and/or gain exposure to equity price risk. A futures contract is an agreement between the Fund and a counterparty to buy or sell an asset at a specified price on a future date. Required initial margins are pledged by the Fund, and the daily change in fair value is accounted for as a variation margin payable or receivable in the Statements of Assets and Liabilities.
Certain or all Funds entered into OTC forward exchange contracts primarily to manage and/or gain exposure to certain foreign currencies. A forward exchange contract is an agreement between the Fund and a counterparty to buy or sell a foreign currency at a specific exchange rate on a future date.
See Note 7 regarding other derivative information.
d. Securities Lending
Certain or all Funds participate in an agency based securities lending program to earn additional income. The Fund receives cash collateral against the loaned securities in an amount equal to at least 102% of the fair value of the loaned securities. Collateral is maintained over the life of the loan in an amount not less than 100% of the fair value of
loaned securities, as determined at the close of Fund business each day; any additional collateral required due to changes in security values is delivered to the Fund on the next business day. The collateral is deposited into a joint cash account with other funds and is used to invest in a money market fund managed by Franklin Advisers, Inc., an affiliate of the Funds. These securities received as collateral are held in segregated accounts with the Funds’ custodian. The Fund cannot repledge or resell these securities received as collateral. As such, the non-cash collateral is excluded from the Statements of Assets and Liabilities. The Fund may receive income from the investment of cash collateral, in addition to lending fees and rebates paid by the borrower. Income from securities loaned, net of fees paid to the securities lending agent and/or third-party vendor, is reported separately in the Statements of Operations. The Fund bears the market risk with respect to the collateral investment, securities loaned, and the risk that the agent may default on its obligations to the Fund. If the borrower defaults on its obligation to return the securities loaned, the Fund has the right to repurchase the securities in the open market using the collateral received. The securities lending agent has agreed to indemnify the Fund in the event of default by a third party borrower.
e. Income and Deferred Taxes
It is each Funds’ policy to qualify as a regulated investment company under the Internal Revenue Code. The Funds intend to distribute to shareholders substantially all of its taxable income and net realized gains to relieve it from federal income and excise taxes. As a result, no provision for U.S. federal income taxes is required.
The Funds may be subject to foreign taxation related to income received, capital gains on the sale of securities and certain foreign currency transactions in the foreign jurisdictions in which the Funds invest. Foreign taxes, if any, are recorded based on the tax regulations and rates that exist in the foreign markets in which the Funds invest. When a capital gain tax is determined to apply, Funds records an estimated deferred tax liability in an amount that would be payable if the securities were disposed of on the valuation date.
Each Fund may recognize an income tax liability related to its uncertain tax positions under U.S. GAAP when the uncertain tax position has a less than 50% probability that it will be sustained upon examination by the tax authorities based on its technical merits. As of September 30, 2023, each Fund has determined that no tax liability is required in its financial statements related to uncertain tax positions for
franklintempleton.com |
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299 |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
1. Organization and Significant Accounting Policies (continued)
e. Income and Deferred Taxes (continued)
any open tax years (or expected to be taken in future tax years). Open tax years are those that remain subject to examination and are based on the statute of limitations in each jurisdiction in which the Funds invest.
As a result of several court cases, in certain countries across the European Union the Fund filed additional tax reclaims for previously withheld taxes on dividends earned in those countries (EU reclaims). Income recognized, if any, for EU reclaims is reflected as European Union tax reclaims in the Statements of Operations and any related receivable is reflected as European Union tax reclaims receivable in the Statements of Assets and Liabilities. Any fees associated with these filings are reflected as European Union tax reclaim contingent fees in the Statements of Operations. When uncertainty exists as to the ultimate resolution of these proceedings, the likelihood of receipt of these EU reclaims, and the potential timing of payment, no amounts are reflected in the financial statements. For U.S. income tax purposes, EU reclaims received by the Funds, if any, reduce the amount of foreign taxes Fund shareholders can use as tax deductions or credits on their income tax returns. In the event that EU reclaims received by the Funds during a fiscal year exceed foreign withholding taxes paid by the Funds, and the Funds previously passed through to its shareholders foreign taxes incurred by the Fund to be used as a credit or deduction on a shareholder’s income tax return, the Funds will enter into a closing agreement with the Internal Revenue Service (IRS) in order to pay the associated tax liability on behalf of the Funds shareholders. During the fiscal year ended March 31, 2023, the Funds received EU reclaims in excess of the foreign taxes paid during the year. The Funds determined to enter into a closing agreement with the IRS and recorded the estimated payments as a reduction to income, as reflected adjustments to estimated payments as other income in the Statement of Operations.
f. Security Transactions, Investment Income, Expenses and Distributions
Security transactions are accounted for on trade date. Realized gains and losses on security transactions are determined on a specific identification basis. Interest Income
and estimated expenses are accrued daily. Dividend income is recorded on the ex-dividend date except for certain dividends from securities where the dividend rate is not available. In such cases, the dividend is recorded as soon as the information is received by the Funds. Stock dividends are reflected as non-cash dividend income on the Statement of Operations. Distributions to shareholders are recorded on the ex-dividend date. Distributable earnings are determined according to income tax regulations (tax basis) and may differ from earnings recorded in accordance with U.S. GAAP. These differences may be permanent or temporary. Permanent differences are reclassified among capital accounts to reflect their tax character. These reclassifications have no impact on net assets or the results of operations. Temporary differences are not reclassified, as they may reverse in subsequent periods.
Common expenses incurred by the Trust are allocated among the Funds based on the ratio of net assets of each Fund to the combined net assets of the Trust. Certain Fund specific expenses are allocated directly to the Funds that incurred the expense. These expenses are paid by the Fund or by the investment manager, as applicable, according to the terms of the unified management fee agreement.
g. Accounting Estimates
The preparation of financial statement in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the amounts of income and expenses during the reporting period. Actual results could differ from those estimates.
h. Guarantees and Indemnifications
Under the Trust’s organizational documents, its officers and trustees are indemnified by the Trust against certain liabilities arising out of the performance of their duties to the Trust. Additionally, in the normal course of business, the Trust, on behalf of the Funds, enters into contracts with service providers that contain general indemnification clauses. The Trust’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Trust that have not yet occurred. Currently, the Trust expects the risk of loss to be remote.
300 | Semiannual Report | franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
2. Shares of Beneficial Interest
Shares of the Funds is issued and redeemed at their respective NAV only in aggregations of a specified number of shares or multiples thereof (Creation Units). Only certain large institutional investors (Authorized Participants) may engage in creation or redemption transactions directly with the Funds. Once created, shares of the Funds generally trade in the secondary market in amounts less than one Creation Unit. The market price of the Funds’ shares will be based on the price in the secondary market which may be at, above or below the most recent NAV. Creation Units may be issued and redeemed in exchange for a designated portfolio of securities and/or cash (which may include cash in lieu of certain securities).
Authorized Participants pay a standard transaction fee to the shareholder servicing agent when purchasing or redeeming Creation Units of the Funds regardless of the number of Creation Units that are being created or redeemed on the same day by the Authorized Participant. The standard transaction fee is imposed to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units and is not charged to or paid by the Funds.
In addition, for cash Creation Unit transactions, a variable fee for creation transactions and redemption transactions may be charged to the Authorized Participant to cover certain brokerage, tax, foreign exchange, execution, market impact and other costs and expenses related to the execution of trades. Variable fees, if any, are included in capital share transactions in the Statements of Changes in Net Assets.
At September 30, 2023, there were an unlimited number of shares authorized (without par value). Transactions in the Funds’ shares were as follows:
Franklin FTSE Asia ex Japan ETF | ||||||||||||||||||||
|
|
|||||||||||||||||||
Six Months Ended September 30, 2023 |
Year Ended March 31, 2023 |
|||||||||||||||||||
|
|
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
|
||||||||||||||||||||
Shares sold |
200,000 | $ | 4,133,129 | — | $ | 13,819 | ||||||||||||||
Shares redeemed |
(400,000 | ) | (8,157,186 | ) | (200,000 | ) | (4,010,830 | ) | ||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
(200,000 | ) | $ | (4,024,057 | ) | (200,000 | ) | $ | (3,997,011 | ) | ||||||||||
|
|
|||||||||||||||||||
Franklin FTSE Australia ETF | ||||||||||||||||||||
|
|
|||||||||||||||||||
Six Months Ended September 30, 2023 |
Year Ended March 31, 2023 |
|||||||||||||||||||
|
|
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
|
||||||||||||||||||||
Shares sold |
50,000 | $ | 1,313,154 | 200,000 | $ | 5,212,830 | ||||||||||||||
Shares redeemed |
— | — | (50,000 | ) | (1,301,254 | ) | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
50,000 | $ | 1,313,154 | 150,000 | $ | 3,911,576 | ||||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE Brazil ETF | ||||||||||||||||||||
|
|
|||||||||||||||||||
Six Months Ended September 30, 2023 |
Year Ended March 31, 2023 |
|||||||||||||||||||
|
|
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
|
||||||||||||||||||||
Shares sold |
500,000 | $ | 9,305,257 | 7,000,000 | $ | 130,953,951 | ||||||||||||||
Shares redeemed |
(9,600,000 | ) | (174,782,079 | ) | (13,400,000 | ) | (247,808,780 | ) | ||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
(9,100,000 | ) | $ | (165,476,822 | ) | (6,400,000 | ) | $ | (116,854,829 | ) | ||||||||||
|
|
franklintempleton.com |
Semiannual Report |
301 |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
2. Shares of Beneficial Interest (continued)
Franklin FTSE Canada ETF | ||||||||||||||||||||
|
|
|||||||||||||||||||
Six Months Ended September 30, 2023 |
Year Ended |
|||||||||||||||||||
|
|
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
|
||||||||||||||||||||
Shares sold |
1,950,000 | $ | 60,700,136 | 11,250,000 | $ | 360,676,656 | ||||||||||||||
Shares redeemed |
(100,000 | ) | (3,223,003 | ) | (3,350,000 | ) | (101,820,725 | ) | ||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
1,850,000 | $ | 57,477,133 | 7,900,000 | $ | 258,855,931 | ||||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE China ETF |
||||||||||||||||||||
|
|
|||||||||||||||||||
Six Months Ended September 30, 2023 |
Year Ended March 31, 2023 |
|||||||||||||||||||
|
|
|||||||||||||||||||
Shares | Amount |
Shares |
Amount | |||||||||||||||||
|
||||||||||||||||||||
Shares sold |
400,000 | $ | 7,393,294 | 600,000 | $ | 11,335,252 | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
400,000 | $ | 7,393,294 | 600,000 | $ | 11,335,252 | ||||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE Europe ETF | ||||||||||||||||||||
|
|
|||||||||||||||||||
Six Months Ended September 30, 2023 |
Year Ended March 31, 2023 |
|||||||||||||||||||
|
|
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
|
||||||||||||||||||||
Shares sold |
400,000 | $ | 10,997,894 | 2,800,000 | $ | 71,589,590 | ||||||||||||||
Shares redeemed |
— | — | (5,400,000 | ) | (128,880,944 | ) | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
400,000 | $ | 10,997,894 | (2,600,000 | ) | $ | (57,291,354 | ) | ||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE Eurozone ETF | ||||||||||||||||||||
|
|
|||||||||||||||||||
Six Months Ended September 30, 2023 |
Year Ended March 31, 2023 |
|||||||||||||||||||
|
|
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
|
||||||||||||||||||||
Shares sold |
600,000 | $ | 14,540,210 | 400,000 | $ | 10,645,855 | ||||||||||||||
Shares redeemed |
(400,000 | ) | (9,328,576 | ) | (600,000 | ) | (14,815,602 | ) | ||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
200,000 | $ | 5,211,634 | (200,000 | ) | $ | (4,169,747 | ) | ||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE France ETF | ||||||||||||||||||||
|
|
|||||||||||||||||||
Six Months Ended September 30, 2023 |
Year Ended March 31, 2023 |
|||||||||||||||||||
|
|
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
|
||||||||||||||||||||
Shares sold |
— | $ | — | — | $ | — | ||||||||||||||
Shares redeemed |
— | — | (150,000 | ) | (3,601,500 | ) | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
— | $ | — | (150,000 | ) | $ | (3,601,500 | ) | ||||||||||||
|
|
302 | Semiannual Report | franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
2. Shares of Beneficial Interest (continued)
Franklin FTSE Germany ETF | ||||||||||||||||||||
|
||||||||||||||||||||
Six Months Ended September 30, 2023 |
Year Ended March 31, 2023 |
|||||||||||||||||||
|
||||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
|
||||||||||||||||||||
Shares sold |
— | $ | — | 300,000 | $ | 5,539,373 | ||||||||||||||
Shares redeemed |
(50,000 | ) | (1,086,035 | ) | (250,000 | ) | (5,144,120 | ) | ||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
(50,000 | ) | $ | (1,086,035 | ) | 50,000 | $ | 395,253 | ||||||||||||
|
||||||||||||||||||||
Franklin FTSE Hong Kong ETF | ||||||||||||||||||||
|
||||||||||||||||||||
Six Months Ended September 30, 2023 |
Year Ended March 31, 2023 |
|||||||||||||||||||
|
||||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
|
||||||||||||||||||||
Shares sold |
— | $ | — | 200,000 | $ | 4,048,817 | ||||||||||||||
Shares redeemed |
(200,000 | ) | (3,633,931 | ) | (150,000 | ) | (3,319,699 | ) | ||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
(200,000 | ) | $ | (3,633,931 | ) | 50,000 | $ | 729,118 | ||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE India ETF | ||||||||||||||||||||
|
|
|||||||||||||||||||
Six Months Ended September 30, 2023 |
Year Ended March 31, 2023 |
|||||||||||||||||||
|
|
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
|
||||||||||||||||||||
Shares sold |
8,500,000 | $ | 257,682,350 | 2,000,000 | $ | 57,341,977 | ||||||||||||||
Shares redeemed |
(150,000 | ) | (4,722,049 | ) | — | — | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
8,350,000 | $ | 252,960,301 | 2,000,000 | $ | 57,341,977 | ||||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE Italy ETF | ||||||||||||||||||||
|
|
|||||||||||||||||||
Six Months Ended September 30, 2023 |
Year Ended March 31, 2023 |
|||||||||||||||||||
|
|
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
|
||||||||||||||||||||
Shares sold |
— | $ | — | 50,000 | $ | 1,248,714 | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
— | $ | — | 50,000 | $ | 1,248,714 | ||||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE Japan ETF | ||||||||||||||||||||
|
|
|||||||||||||||||||
Six Months Ended September 30, 2023 |
Year Ended March 31, 2023 |
|||||||||||||||||||
|
|
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
|
||||||||||||||||||||
Shares sold |
18,600,000 | $ | 500,352,527 | 17,400,000 | $ | 429,036,842 | ||||||||||||||
Shares redeemed |
(1,200,000 | ) | (32,489,431 | ) | (7,200,000 | ) | (163,343,278 | ) | ||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
17,400,000 | $ | 467,863,096 | 10,200,000 | $ | 265,693,564 | ||||||||||||||
|
|
franklintempleton.com |
Semiannual Report |
303 |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
2. Shares of Beneficial Interest (continued)
Franklin FTSE Japan Hedged ETF | ||||||||||||||||||||
|
||||||||||||||||||||
Six Months Ended September 30, 2023 |
Year Ended March 31, 2023 |
|||||||||||||||||||
|
||||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
|
||||||||||||||||||||
Shares sold |
7,400,000 | $ | 220,912,272 | 200,000 | $ | 6,015,210 | ||||||||||||||
Shares redeemed |
— | — | (500,000 | ) | (12,693,008 | ) | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
7,400,000 | $ | 220,912,272 | (300,000 | ) | $ | (6,677,798 | ) | ||||||||||||
|
||||||||||||||||||||
Franklin FTSE Latin America ETF | ||||||||||||||||||||
|
||||||||||||||||||||
Six Months Ended September 30, 2023 |
Year Ended March 31, 2023 |
|||||||||||||||||||
|
||||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
|
||||||||||||||||||||
Shares sold |
— | $ | 9,532 | 3,000,000 | $ | 56,516,479 | ||||||||||||||
Shares redeemed |
(500,000 | ) | (10,660,117 | ) | — | — | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
(500,000 | ) | $ | (10,650,585 | ) | 3,000,000 | $ | 56,516,479 | ||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE Mexico ETF | ||||||||||||||||||||
|
|
|||||||||||||||||||
Six Months Ended September 30, 2023 |
Year Ended March 31, 2023 |
|||||||||||||||||||
|
|
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
|
||||||||||||||||||||
Shares sold |
350,000 | $ | 10,633,313 | 450,000 | $ | 12,282,600 | ||||||||||||||
Shares redeemed |
(150,000 | ) | (4,410,120 | ) | (50,000 | ) | (1,267,879 | ) | ||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
200,000 | $ | 6,223,193 | 400,000 | $ | 11,014,721 | ||||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE Saudi Arabia ETF | ||||||||||||||||||||
|
|
|||||||||||||||||||
Six Months Ended September 30, 2023 |
Year Ended March 31, 2023 |
|||||||||||||||||||
|
|
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
|
||||||||||||||||||||
Shares sold |
— | $ | — | 550,000 | $ | 18,562,690 | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
— | $ | — | 550,000 | $ | 18,562,690 | ||||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE South Africa ETF | ||||||||||||||||||||
|
|
|||||||||||||||||||
Six Months Ended September 30, 2023 |
Year Ended March 31, 2023 |
|||||||||||||||||||
|
|
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
|
||||||||||||||||||||
Shares sold |
— | $ | — | — | $ | — | ||||||||||||||
Shares redeemed |
— | — | (100,000 | ) | (2,054,548 | ) | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
— | $ | — | (100,000 | ) | $ | (2,054,548 | ) | ||||||||||||
|
|
304 | Semiannual Report | franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
2. Shares of Beneficial Interest (continued)
Franklin FTSE South Korea ETF |
||||||||||||||||||||
|
|
|||||||||||||||||||
Six Months Ended September 30, 2023 |
Year Ended March 31, 2023 | |||||||||||||||||||
|
|
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
|
||||||||||||||||||||
Shares sold |
1,800,000 | $ | 38,617,442 | 11,500,000 | $ | 237,736,926 | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
1,800,000 | $ | 38,617,442 | 11,500,000 | $ | 237,736,926 | ||||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE Switzerland ETF |
||||||||||||||||||||
|
|
|||||||||||||||||||
Six Months Ended September 30, 2023 |
Year Ended March 31, 2023 |
|||||||||||||||||||
|
|
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
|
||||||||||||||||||||
Shares sold |
100,000 | $ | 3,129,378 | 500,000 | $ | 14,529,344 | ||||||||||||||
Shares redeemed |
(300,000 | ) | (9,402,703 | ) | (300,000 | ) | (8,699,037 | ) | ||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
(200,000 | ) | $ | (6,273,325 | ) | 200,000 | $ | 5,830,307 | ||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE Taiwan ETF |
||||||||||||||||||||
|
|
|||||||||||||||||||
Six Months Ended September 30, 2023 |
Year Ended March 31, 2023 |
|||||||||||||||||||
|
|
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
|
||||||||||||||||||||
Shares sold |
1,000,000 | $ | 39,905,697 | 2,800,000 | $ | 100,458,761 | ||||||||||||||
Shares redeemed |
— | — | (100,000 | ) | (3,088,871 | ) | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
1,000,000 | $ | 39,905,697 | 2,700,000 | $ | 97,369,890 | ||||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE United Kingdom ETF |
||||||||||||||||||||
|
|
|||||||||||||||||||
Six Months Ended September 30, 2023 |
Year Ended March 31, 2023 |
|||||||||||||||||||
|
|
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
|
||||||||||||||||||||
Shares sold |
1,650,000 | $ | 39,742,500 | 7,150,000 | $ | 165,942,304 | ||||||||||||||
Shares redeemed |
(750,000 | ) | (18,738,999 | ) | (7,750,000 | ) | (166,416,388 | ) | ||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
900,000 | $ | 21,003,501 | (600,000 | ) | $ | (474,084 | ) | ||||||||||||
|
|
3. Transactions with Affiliates
Franklin Resources, Inc. is the holding company for various subsidiaries that together are referred to as Franklin Templeton. Certain officers and trustees of the Funds are also officers and/or directors of the following subsidiaries:
Subsidiary | Affiliation | |
Franklin Advisers, Inc (Advisers) |
Investment manager | |
Franklin Advisory Services, LLC (FASL) |
Investment manager | |
Franklin Templeton Services, LLC (FT Services) |
Administrative manager | |
Franklin Distributors, LLC (Distributors) |
Principal underwriter |
franklintempleton.com |
Semiannual Report |
305 |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
3. Transactions with Affiliates (continued)
a. Management fees
The Funds pay a unified management fee to Advisers whereby Advisers has agreed to reimburse the Funds’ acquired fund fees and expenses (if any) and pay all of the ordinary operating expenses of the Funds, including custody, transfer agency, and Trustee fees and expenses, among others, but excluding payments under the Funds’ Rule 12b-1 plan (if any), brokerage expenses (including any costs incidental to transactions in portfolio securities or instruments), taxes, interest (including borrowing costs and dividend expenses on securities sold short and overdraft charges), litigation expenses (including litigation to which the Trust or a Fund may be a party and indemnification of the Trustees and officers with respect thereto), and other non-routine or extraordinary expenses. The fee is calculated daily and paid monthly according to the terms of the management agreement. The gross effective investment management fees are based on the average daily net assets of each of the Funds as follows:
Gross Effective Investment Management Fee Rate | ||
Franklin FTSE Asia ex Japan ETF |
0.19% | |
Franklin FTSE Australia ETF |
0.09% | |
Franklin FTSE Brazil ETF |
0.19% | |
Franklin FTSE Canada ETF |
0.09% | |
Franklin FTSE China ETF |
0.19% | |
Franklin FTSE Europe ETF |
0.09% | |
Franklin FTSE Eurozone ETF |
0.09% | |
Franklin FTSE France ETF |
0.09% | |
Franklin FTSE Germany ETF |
0.09% | |
Franklin FTSE Hong Kong ETF |
0.09% | |
Franklin FTSE India ETF |
0.19% | |
Franklin FTSE Italy ETF |
0.09% | |
Franklin FTSE Japan ETF |
0.09% | |
Franklin FTSE Japan Hedged ETF |
0.09% | |
Franklin FTSE Latin America ETF |
0.19% | |
Franklin FTSE Mexico ETF |
0.19% | |
Franklin FTSE Saudi Arabia ETF |
0.39% | |
Franklin FTSE South Africa ETF |
0.19% | |
Franklin FTSE South Korea ETF |
0.09% | |
Franklin FTSE Switzerland ETF |
0.09% | |
Franklin FTSE Taiwan ETF |
0.19% | |
Franklin FTSE United Kingdom ETF |
0.09% |
b. Administrative Fees
Under an agreement with FASL, FT Services provides administrative services to the Funds. The fee is paid by FASL based on the Funds’ average daily net assets, and is not an additional expense of the Funds.
306 | Semiannual Report | franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
3. Transactions with Affiliates (continued)
c. Investments in Affiliated Management Investment Companies
Certain or all Funds invest in one or more affiliated management investment companies. As defined in the 1940 Act, an investment is deemed to be a “Controlled Affiliate” of a fund when a fund owns, either directly or indirectly, 25% or more of the affiliated fund’s outstanding shares or has the power to exercise control over management or policies of such fund. The Funds do not invest for purposes of exercising a controlling influence over the management or policies. Management fees paid by the Funds are waived on assets invested in the affiliated management investment companies, as noted in the Statements of Operations, in an amount not to exceed the management and administrative fees paid directly or indirectly by each affiliate. During the period ended September 30, 2023, investments in affiliated management investment companies were as follows:
Value at Beginning of Period |
Purchases | Sales | Realized Gain (Loss) |
Net Change in (Depreciation) |
Value at End of Period |
Number of Shares Held at End of Period |
Investment Income |
|||||||||||||||||||||||||||
Franklin FTSE Asia ex Japan ETF Non-Controlled Affiliates | |
Income from Securities loaned |
| |||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||
Institutional Fiduciary Trust - Money Market Portfolio, 5.15% |
$ | — | $ | 8,932 | $ | (8,932 | ) | $ — | $ — | $ | — | — | $ — | |||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||
Franklin FTSE China ETF Non-Controlled Affiliates |
|
Income from Securities loaned |
| |||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||
Institutional Fiduciary Trust - Money Market Portfolio, 5.15% |
$ | — | $ | 181,303 | $ | (181,303 | ) | $ — | $ — | $ | — | — | $ 251 | |||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||
Franklin FTSE Eurozone ETF Non-Controlled Affiliates |
|
Dividend Income |
| |||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||
Institutional Fiduciary Trust - Money Market Portfolio, 5.15% |
$ | 4,136 | $ | 642,261 | $ | (645,401 | ) | $ — | $ — | $ | 996 | 996 | $ — | |||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||
Franklin FTSE Japan ETF Non-Controlled Affiliates |
|
Income from Securities loaned |
| |||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||
Institutional Fiduciary Trust - Money Market Portfolio, 5.15% |
$ | 61,459 | $ | 22,232,229 | $ | (22,285,532 | ) | $ — | $ — | $ | 8,156 | 8,156 | $ — | |||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||
Franklin FTSE Japan Hedged ETF Non-Controlled Affiliates |
|
Dividend Income |
| |||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||
Institutional Fiduciary Trust - Money Market Portfolio, 5.15% |
$ | 721 | $ | 5,028,235 | $ | (5,014,909 | ) | $ — | $ — | $ | 14,047 | 14,047 | $ — | |||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||
Franklin FTSE United Kingdom ETF Non-Controlled Affiliates |
|
Income from Securities loaned |
| |||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||
Institutional Fiduciary Trust - Money Market Portfolio, 5.15% |
$ | 10 | $ | — | $ | (10 | ) | $ — | $ — | $ | — | — | $ (169 | ) | ||||||||||||||||||||
|
|
franklintempleton.com |
Semiannual Report |
307 |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
3. Transactions with Affiliates (continued)
d. Other Affiliated Transactions
At September 30, 2023, the shares of the Funds were owned by the following entities:
Funds | Shares | Percentage of Outstanding Sharesa |
||||||
|
||||||||
Franklin FTSE Asia ex Japan ETF | ||||||||
Franklin Resources Inc. |
130,000 | 10.8% | ||||||
|
|
|||||||
Franklin FTSE Latin America ETF | ||||||||
Franklin Resources Inc. |
675,000 | 24.1% | ||||||
|
|
|||||||
Franklin FTSE South Africa ETF | ||||||||
Franklin Resources Inc. |
16,000 | 16.0% | ||||||
|
|
|||||||
Franklin FTSE Taiwan ETF | ||||||||
Franklin Resources Inc. |
1,040,000 | 22.1% | ||||||
|
|
|||||||
Franklin FTSE United Kingdom ETF | ||||||||
Franklin Resources Inc. |
4,075,000 | 16.7% | ||||||
|
|
aInvestment activities of significant shareholders could have a material impact on the Funds.
4. Income Taxes
For tax purposes, capital losses may be carried over to offset future capital gains. At March 31, 2023, the capital loss carryforwards were as follows:
Franklin Asia ex ETF |
Franklin FTSE Australia ETF |
Franklin Brazil ETF |
Franklin FTSE Canada ETF |
|||||||||||||
|
||||||||||||||||
Capital loss carryforwards not subject to expiration: | ||||||||||||||||
Long term |
$ | 2,978,321 | $ | 861,861 | $ | 58,599,726 | $ | 917,859 | ||||||||
Short term |
773,828 | 287,758 | 66,857,630 | 2,247,375 | ||||||||||||
|
|
|||||||||||||||
Total capital loss carryforwards |
$ | 3,752,149 | $ | 1,149,619 | $ | 125,457,356 | $ | 3,165,234 | ||||||||
|
|
|||||||||||||||
Franklin ETF |
Franklin FTSE Europe ETF |
Franklin FTSE Eurozone ETF |
Franklin FTSE France ETF |
|||||||||||||
|
||||||||||||||||
Capital loss carryforwards not subject to expiration: | ||||||||||||||||
Long term |
$ | 13,143,127 | $ | 3,778,280 | $ | 185,736 | $ | 253,790 | ||||||||
Short term |
3,376,115 | 908,263 | 211,682 | 52,788 | ||||||||||||
|
|
|||||||||||||||
Total capital loss carryforwards |
$ | 16,519,242 | $ | 4,686,543 | $ | 397,418 | $ | 306,578 | ||||||||
|
|
|||||||||||||||
Franklin FTSE Germany ETF |
Franklin FTSE |
Franklin India ETF |
Franklin FTSE Italy ETF |
|||||||||||||
|
||||||||||||||||
Capital loss carryforwards not subject to expiration: | ||||||||||||||||
Long term |
$ | 744,560 | $ | 809,586 | $ | 1,024,623 | $ | 358,163 | ||||||||
Short term |
207,142 | 553,844 | 321,248 | 22,058 | ||||||||||||
|
|
|||||||||||||||
Total capital loss carryforwards |
$ | 951,702 | $ | 1,363,430 | $ | 1,345,871 | $ | 380,221 | ||||||||
|
|
308 | Semiannual Report | franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
4. Income Taxes (continued)
Franklin ETF |
Franklin FTSE Japan Hedged ETF |
Franklin ETF |
Franklin FTSE Mexico ETF |
|||||||||||||
|
||||||||||||||||
Capital loss carryforwards not subject to expiration: | ||||||||||||||||
Long term |
$ | 14,225,837 | $ | — | $ | 890,110 | $ | 826,878 | ||||||||
Short term |
3,657,331 | — | 668,844 | 80,987 | ||||||||||||
|
|
|||||||||||||||
Total capital loss carryforwards |
$ | 17,883,168 | $ | — | $ | 1,558,954 | $ | 907,865 | ||||||||
|
|
|||||||||||||||
Franklin ETF |
Franklin FTSE South Africa ETF |
Franklin FTSE South Korea ETF |
Franklin FTSE |
|||||||||||||
|
||||||||||||||||
Capital loss carryforwards not subject to expiration: | ||||||||||||||||
Long term |
$ | 12,585 | $ | 329,148 | $ | 4,244,652 | $ | 510,380 | ||||||||
Short term |
51,837 | 75,911 | 2,671,797 | 794,022 | ||||||||||||
|
|
|||||||||||||||
Total capital loss carryforwards |
$ | 64,422 | $ | 405,059 | $ | 6,916,449 | $ | 1,304,402 | ||||||||
|
|
|||||||||||||||
Franklin FTSE Taiwan ETF |
Franklin FTSE ETF |
|||||||||||||||
|
||||||||||||||||
Capital loss carryforwards not subject to expiration: | ||||||||||||||||
Long term |
$ | 1,217,333 | $ | 11,733,951 | ||||||||||||
Short term |
636,412 | 5,822,629 | ||||||||||||||
|
|
|||||||||||||||
Total capital loss carryforwards |
$ | 1,853,745 | $ | 17,556,580 | ||||||||||||
|
|
At September 30, 2023, the cost of investments, net unrealized appreciation (depreciation) and undistributed ordinary income for income tax purposes were as follows:
Franklin FTSE |
Franklin FTSE Australia ETF |
Franklin Brazil ETF |
Franklin ETF |
|||||||||||||
|
||||||||||||||||
Cost of investments |
$ | 26,918,471 | $ | 29,147,689 | $ | 102,245,130 | $ | 356,955,305 | ||||||||
|
|
|||||||||||||||
Unrealized appreciation |
$ | 3,363,154 | $ | 1,751,936 | $ | 23,444,603 | $ | 9,689,044 | ||||||||
Unrealized depreciation |
(5,749,040 | ) | (2,001,126 | ) | (2,499,830 | ) | (37,144,913 | ) | ||||||||
|
|
|||||||||||||||
Net unrealized appreciation (depreciation) |
$ | (2,385,886 | ) | $ | (249,190 | ) | $ | 20,944,773 | $ | (27,455,869 | ) | |||||
|
|
franklintempleton.com |
Semiannual Report |
309 |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
4. Income Taxes (continued)
Franklin FTSE China ETF |
Franklin FTSE Europe ETF |
Franklin FTSE Eurozone ETF |
Franklin ETF |
|||||||||||||
|
||||||||||||||||
Cost of investments |
$ | 142,921,466 | $ | 123,873,557 | $ | 19,844,750 | $ | 5,875,495 | ||||||||
|
|
|||||||||||||||
Unrealized appreciation |
$ | 5,028,571 | $ | 4,680,969 | $ | 77,420 | $ | 511,770 | ||||||||
Unrealized depreciation |
(41,715,928 | ) | (12,475,734 | ) | (2,485,568 | ) | (628,395 | ) | ||||||||
|
|
|||||||||||||||
Net unrealized appreciation (depreciation) |
$ | (36,687,357 | ) | $ | (7,794,765 | ) | $ | (2,408,148 | ) | $ | (116,625 | ) | ||||
|
|
|||||||||||||||
Franklin FTSE Germany ETF |
Franklin FTSE ETF |
Franklin India ETF |
Franklin Italy ETF |
|||||||||||||
|
||||||||||||||||
Cost of investments |
$ | 18,041,690 | $ | 15,234,895 | $ | 342,752,072 | $ | 4,427,315 | ||||||||
|
|
|||||||||||||||
Unrealized appreciation |
$ | 455,406 | $ | 159,297 | $ | 38,047,781 | $ | 857,632 | ||||||||
Unrealized depreciation |
(3,134,831 | ) | (4,570,482 | ) | (3,461,027 | ) | (145,585 | ) | ||||||||
|
|
|||||||||||||||
Net unrealized appreciation (depreciation) |
$ | (2,679,425 | ) | $ | (4,411,185 | ) | $ | 34,586,754 | $ | 712,047 | ||||||
|
|
|||||||||||||||
Franklin FTSE Japan ETF |
Franklin FTSE Japan Hedged ETF |
Franklin Latin ETF |
Franklin ETF |
|||||||||||||
|
||||||||||||||||
Cost of investments |
$ | 1,554,748,985 | $ | 251,216,313 | $ | 51,958,075 | $ | 28,789,597 | ||||||||
|
|
|||||||||||||||
Unrealized appreciation |
$ | 91,809,257 | $ | 10,396,643 | $ | 10,369,386 | $ | 2,569,127 | ||||||||
Unrealized depreciation |
(163,841,010 | ) | (14,475,672 | ) | (2,224,199 | ) | (1,030,031 | ) | ||||||||
|
|
|||||||||||||||
Net unrealized appreciation (depreciation) |
$ | (72,031,753 | ) | $ | (4,079,029 | ) | $ | 8,145,187 | $ | 1,539,096 | ||||||
|
|
|||||||||||||||
Franklin FTSE Saudi Arabia ETF |
Franklin FTSE South Africa |
Franklin South Korea |
Franklin FTSE Switzerland ETF |
|||||||||||||
|
||||||||||||||||
Cost of investments |
$ | 21,159,946 | $ | 2,618,881 | $ | 319,564,259 | $ | 41,896,053 | ||||||||
|
|
|||||||||||||||
Unrealized appreciation |
$ | 1,784,761 | $ | 24,838 | $ | 23,381,619 | $ | 2,636,768 | ||||||||
Unrealized depreciation |
(754,538 | ) | (643,816 | ) | (30,585,031 | ) | (3,293,149 | ) | ||||||||
|
|
|||||||||||||||
Net unrealized appreciation (depreciation) |
$ | 1,030,223 | $ | (618,978 | ) | $ | (7,203,412 | ) | $ | (656,381 | ) | |||||
|
|
|||||||||||||||
Franklin FTSE Taiwan ETF |
Franklin
FTSE United Kingdom ETF |
|||||||||||||||
|
||||||||||||||||
Cost of investments |
$ | 168,144,674 | $ | 613,514,538 | ||||||||||||
|
|
|||||||||||||||
Unrealized appreciation |
$ | 10,124,466 | $ | 42,046,902 | ||||||||||||
Unrealized depreciation |
(8,080,882 | ) | (75,111,281 | ) | ||||||||||||
|
|
|||||||||||||||
Net unrealized appreciation (depreciation) |
$ | 2,043,584 | $ | (33,064,379 | ) | |||||||||||
|
|
310 | Semiannual Report | franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
4. Income Taxes (continued)
Differences between income and/or capital gains as determined on a book basis and a tax basis are primarily due to differing treatments of foreign currency transactions, passive foreign investment company shares, EU reclaims and in-kind shareholder redemptions.
5. Investment Transactions
Purchases and sales of investments (excluding short term securities and in-kind transactions, if any) for the period ended September 30, 2023, were as follows:
Franklin FTSE Asia ex Japan ETF |
Franklin FTSE Australia ETF |
Franklin FTSE Brazil ETF |
Franklin ETF |
|||||||||||||||||
|
||||||||||||||||||||
Purchases |
$ | 4,835,907 | $ | 1,144,584 | $ | 12,935,658 | $ | 8,591,574 | ||||||||||||
Sales |
$ | 5,809,199 | $ | 1,011,714 | $ | 178,675,624 | $ | 7,372,980 | ||||||||||||
Franklin FTSE China ETF |
Franklin FTSE Europe ETF |
Franklin FTSE Eurozone ETF |
Franklin France ETF |
|||||||||||||||||
|
||||||||||||||||||||
Purchases |
$ | 14,082,190 | $ | 3,299,644 | $ | 15,629,246 | $ | 196,839 | ||||||||||||
Sales |
$ | 6,203,327 | $ | 3,062,443 | $ | 15,787,633 | $ | 152,000 | ||||||||||||
Franklin FTSE Germany ETF |
Franklin FTSE Hong Kong ETF |
Franklin FTSE India ETF |
Franklin FTSE Italy ETF |
|||||||||||||||||
|
||||||||||||||||||||
Purchases |
$ | 498,987 | $ | 528,858 | $ | 263,542,214 | $ | 448,085 | ||||||||||||
Sales |
$ | 597,834 | $ | 394,145 | $ | 17,123,554 | $ | 456,140 | ||||||||||||
Franklin FTSE Japan ETF |
Franklin FTSE Japan Hedged |
Franklin FTSE Latin America ETF |
Franklin FTSE Mexico ETF |
|||||||||||||||||
|
||||||||||||||||||||
Purchases |
$ | 30,426,344 | $ | 26,402,914 | $ | 2,308,310 | $ | 2,767,148 | ||||||||||||
Sales |
$ | 24,680,097 | $ | 8,496,341 | $ | 9,464,596 | $ | 2,241,195 | ||||||||||||
Franklin FTSE Saudi Arabia ETF |
Franklin FTSE South Africa |
Franklin South Korea |
Franklin FTSE Switzerland ETF |
|||||||||||||||||
|
||||||||||||||||||||
Purchases |
$ | 1,721,134 | $ | 122,534 | $ | 50,568,051 | $ | 4,550,291 | ||||||||||||
Sales |
$ | 1,493,538 | $ | 123,289 | $ | 18,407,962 | $ | 5,080,500 | ||||||||||||
Franklin FTSE Taiwan ETF |
Franklin FTSE United Kingdom |
|||||||||||||||||||
|
||||||||||||||||||||
Purchases |
$ | 49,764,360 | $ | 13,839,686 | ||||||||||||||||
Sales |
$ | 6,033,319 | $ | 12,245,395 |
franklintempleton.com |
Semiannual Report |
311 |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
5. Investment Transactions (continued)
In-kind transactions associated with creation and redemptions for the period ended September 30, 2023, were as follows:
Franklin FTSE Asia ex Japan ETF |
Franklin FTSE Australia ETF |
Franklin FTSE Brazil ETF |
Franklin FTSE Canada ETF |
|||||||||||||||||
|
||||||||||||||||||||
Cost of Securities Received |
$ | 430,898 | $ | 1,301,793 | $ | — | $ | 60,366,200 | ||||||||||||
Value of Securities Delivereda |
$ | 3,366,198 | $ | — | $ | — | $ | 3,198,975 | ||||||||||||
Franklin FTSE China ETF |
Franklin FTSE ETF |
Franklin FTSE Eurozone ETF |
Franklin ETF |
|||||||||||||||||
|
||||||||||||||||||||
Cost of Securities Received |
$ | 376,615 | $ | 10,845,874 | $ | 14,278,962 | $ | — | ||||||||||||
Value of Securities Delivereda |
$ | — | $ | — | $ | 9,284,541 | $ | — | ||||||||||||
Franklin FTSE Germany ETF |
Franklin FTSE Hong Kong ETF |
Franklin India ETF |
Franklin FTSE Italy ETF |
|||||||||||||||||
|
||||||||||||||||||||
Cost of Securities Received |
$ | — | $ | — | $ | — | $ | — | ||||||||||||
Value of Securities Delivereda |
$ | 1,083,130 | $ | 3,612,543 | $ | — | $ | — | ||||||||||||
Franklin FTSE Japan ETF |
Franklin FTSE Japan Hedged ETF |
Franklin FTSE Latin America |
Franklin ETF |
|||||||||||||||||
|
||||||||||||||||||||
Cost of Securities Received |
$ | 491,066,835 | $ | 220,076,249 | $ | — | $ | 10,312,360 | ||||||||||||
Value of Securities Delivereda |
$ | 32,208,129 | $ | — | $ | 3,352,704 | $ | 4,407,086 | ||||||||||||
Franklin FTSE Saudi Arabia ETF |
Franklin FTSE South Africa ETF |
Franklin South Korea |
Franklin FTSE Switzerland ETF |
|||||||||||||||||
|
||||||||||||||||||||
Cost of Securities Received |
$ | — | $ | — | $ | — | $ | 3,055,291 | ||||||||||||
Value of Securities Delivereda |
$ | — | $ | — | $ | — | $ | 9,188,504 | ||||||||||||
Franklin FTSE Taiwan ETF |
Franklin FTSE United ETF |
|||||||||||||||||||
|
||||||||||||||||||||
Cost of Securities Received |
$ | — | $ | 39,418,778 | ||||||||||||||||
Value of Securities Delivereda |
$ | — | $ | 18,569,011 |
aRealized gains and losses from in-kind redemptions, as shown on the Statement of Operations, are not recognized by the Funds for tax purposes.
312 | Semiannual Report | franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
5. Investment Transactions (continued)
At September 30, 2023, in connection with securities lending transactions, certain or all Funds loaned investments and received cash collateral as follows:
Franklin FTSE Japan ETF |
||||
|
||||
Securities lending transactionsa: | ||||
Equity Investmentsb |
$ | 934,680 | ||
|
|
aThe agreements can be terminated at any time.
bThe gross amount of recognized liability for such transactions is included in payable upon return of securities loaned in the Statements of Assets and Liabilities.
6. Concentration of Risk
Investing in foreign securities may include certain risks and considerations not typically associated with investing in U.S.securities, such as fluctuating currency values and changing local, regional and global economic, political and social conditions, which may result in greater market volatility. Political and financial uncertainty in many foreign regions may increase market volatility and the economic risk of investing in foreign securities. In addition, certain foreign securities may not be as liquid as U.S. securities.
Russia’s military invasion of Ukraine in February 2022, the resulting responses by the United States and other countries, and the potential for wider conflict could increase volatility and uncertainty in the financial markets and adversely affect regional and global economies. The United States and other countries have imposed broad-ranging economic sanctions on Russia and certain Russian individuals, banking entities and corporations as a response to its invasion of Ukraine. The United States and other countries have also imposed economic sanctions on Belarus and may impose sanctions on other countries that support Russia’s military invasion. These sanctions, as well as any other economic consequences related to the invasion, such as additional sanctions, boycotts or changes in consumer or purchaser preferences or cyberattacks on governments, companies or individuals, may further decrease the value and liquidity of certain Russian securities and securities of issuers in other countries that are subject to economic sanctions related to the invasion. To the extent that the Funds have exposure to Russian investments or investments in countries affected by the invasion, the Funds’ ability to price, buy, sell, receive or deliver such investments was impaired. The Funds could determine at any time that certain of the most affected securities have little or no value. In addition, any exposure that the Funds may have to counterparties in Russia or in countries affected by the invasion could negatively impact the Funds’ portfolio. The extent and duration of Russia’s military actions and the repercussions of such actions (including any retaliatory actions or countermeasures that may be taken by those subject to sanctions) are impossible to predict, but could result in significant market disruptions, including in the oil and natural gas markets, and may negatively affect global supply chains, inflation and global growth. These and any related events could significantly impact each Fund’s performance and the value of an investment in the Funds, even beyond any direct exposure the Funds may have to Russian issuers or issuers in other countries affected by the invasion.
Certain investments in China companies may be made through a special structure known as a variable interest entity (VIE). In a VIE structure, foreign investors, such as Franklin FTSE Asia ex Japan ETF & Franklin FTSE China ETF will only own stock in a shell company rather than directly in the VIE, which must be owned by Chinese nationals (and/or China companies) to obtain the licenses and/or assets required to operate in a restricted or prohibited sector in China. The value of the shell company is derived from its ability to consolidate the VIE into its financials pursuant to contractual arrangements that allow the shell company to exert a degree of control over, and obtain economic benefits arising from, the VIE without formal legal ownership. While VIEs are a longstanding industry practice and are well known by Chinese officials and regulators, the structure historically has not been formally recognized under Chinese law and it is uncertain whether Chinese officials or regulators will withdraw their implicit acceptance of the structure. It is also uncertain whether the contractual arrangements, which may be subject to conflicts of interest between the legal owners of the VIE and foreign investors, would be enforced by Chinese courts or arbitration bodies. Prohibitions of these structures by the Chinese government, or the inability to enforce such contracts,
from which the shell company derives its value, would likely cause the VIE-structured holding(s) to suffer significant, detrimental, and possibly permanent losses, and in turn, adversely affect the Funds’ returns and net asset value.
franklintempleton.com |
Semiannual Report |
313 |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
7. Other Derivative Information
At September 30, 2023, the Funds’ investments in derivative contracts are reflected in the Statements of Asset and Liabilities as follows:
Asset Derivatives |
Liability Derivatives |
|||||||||||
Statements
of Assets and Liabilities Location |
Fair Value | Statements
of Assets and Liabilities Location |
Fair Value | |||||||||
Franklin FTSE Asia ex Japan ETF | ||||||||||||
Equity contracts |
Variation margin on futures contracts |
$ | — |
Variation margin on futures contracts |
$ | 1,605 | a | |||||
|
|
|
|
|||||||||
Franklin FTSE Australia ETF | ||||||||||||
Index contracts |
Variation margin on futures contracts |
$ | — |
Variation margin on futures contracts |
$ | 15,318 | a | |||||
|
|
|
|
|||||||||
Franklin FTSE Brazil ETF | ||||||||||||
Equity contracts |
Variation margin on futures contracts |
$ | — |
Variation margin on futures contracts |
$ | 89,896 | a | |||||
|
|
|
|
|||||||||
Franklin FTSE Canada ETF | ||||||||||||
Index contracts |
Variation margin on futures contracts |
$ | — |
Variation margin on futures contracts |
$ | 24,971 | a | |||||
|
|
|
|
|||||||||
Franklin FTSE China ETF | ||||||||||||
Equity contracts |
Variation margin on futures contracts |
$ | — |
Variation margin on futures contracts |
$ | 8,024 | a | |||||
|
|
|
|
|||||||||
Franklin FTSE Europe ETF | ||||||||||||
Equity contracts |
Variation margin on futures contracts |
$ | 42,738 | a |
Variation margin on futures contracts |
$ | 14,410 | a | ||||
|
|
|
|
|||||||||
Franklin FTSE Eurozone ETF | ||||||||||||
Index contracts |
Variation margin on futures contracts |
$ | — |
Variation margin on futures contracts |
$ | 738 | a | |||||
|
|
|
|
|||||||||
Franklin FTSE France ETF | ||||||||||||
Index contracts |
Variation margin on futures contracts |
$ | — |
Variation margin on futures contracts |
$ | 938 | a | |||||
|
|
|
|
|||||||||
Franklin FTSE Hong Kong ETF | ||||||||||||
Equity contracts |
Variation margin on futures contracts |
$ | 320 | a |
Variation margin on futures contracts |
$ | — | |||||
|
|
|
|
|||||||||
Franklin FTSE India ETF | ||||||||||||
Foreign exchange contracts |
Unrealized appreciation on OTC forward exchange contracts |
$ | 5,329 |
Unrealized depreciation on OTC forward exchange contracts |
$ | — | ||||||
Index contracts |
— | 3,055 | ||||||||||
|
|
|
|
|||||||||
Totals |
$ | 5,329 | $ | 3,055 | ||||||||
|
|
|
|
|||||||||
Franklin FTSE Japan ETF | ||||||||||||
Index contracts |
Variation margin on futures contracts |
$ | — |
Variation margin on futures contracts |
$ |
104,623 |
a | |||||
|
|
|
|
|||||||||
Franklin FTSE Japan Hedged ETF | ||||||||||||
Foreign exchange contracts |
Unrealized appreciation on OTC forward exchange contracts |
$ | 7,192,664 |
Unrealized depreciation on OTC forward exchange contracts |
$ | 9,155 | ||||||
Index contracts |
Variation margin on futures contracts |
— |
Variation margin on futures contracts |
15,554 | a | |||||||
|
|
|
|
|||||||||
Totals |
$ | 7,192,664 | $ | 24,709 | ||||||||
|
|
|
|
|||||||||
Franklin FTSE Latin America ETF | ||||||||||||
Equity contracts |
Variation margin on futures contracts |
$ | — |
Variation margin on futures contracts |
$ | 10,223 | a | |||||
Interest rate contracts |
Variation margin on futures contracts |
— |
Variation margin on futures contracts |
4,988 | a | |||||||
|
|
|
|
|||||||||
Totals |
$ | — | $ | 15,211 | ||||||||
|
|
|
|
|||||||||
Franklin FTSE South Korea ETF | ||||||||||||
Index contracts |
Variation margin on futures contracts |
$ | — |
Variation margin on futures contracts |
$ | 19,714 | a | |||||
|
|
|
|
|||||||||
Franklin FTSE Switzerland ETF | ||||||||||||
Equity contracts |
Variation margin on futures contracts |
$ | — |
Variation margin on futures contracts |
$ | 19,698 | a | |||||
|
|
|
|
314 | Semiannual Report | franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
7. Other Derivative Information (continued)
Asset Derivatives |
Liability Derivatives |
|||||||||||
Statements
of Assets and Liabilities Location |
Fair Value | Statements
of Assets and Liabilities Location |
Fair Value | |||||||||
Franklin FTSE Taiwan ETF | ||||||||||||
Equity contracts |
Variation margin on futures contracts |
$ | 3,881 | a |
Variation margin on futures contracts |
$ | — | |||||
|
|
|
|
|||||||||
Franklin FTSE United Kingdom ETF | ||||||||||||
Equity contracts |
Variation margin on futures contracts |
$ |
36,461 |
a |
Variation margin on futures contracts |
$ | — | |||||
|
|
|
|
aThis amount reflects the cumulative appreciation (depreciation) of future contracts as reported in the Schedule of Investments. Only the variation margin receivable/payable at year end is separately reported within the Statements of Assets and Liabilities. Prior variation margin movements were recorded to cash upon receipt or payment.
For the period ended September 30, 2023, the effect of derivative contracts in the Funds’ Statements of Operations was as follows:
Derivative Contracts Not Accounted for as Hedging Instruments |
Statements of Operations Locations |
Net Realized Gain (Loss) for the Period |
Statements of Operations Locations |
Net Change in Unrealized Appreciation (Depreciation) for the Period |
||||||||
Franklin FTSE Asia ex Japan ETF | ||||||||||||
Net realized gain (loss) from: |
Net change in unrealized appreciation (depreciation) on: |
|||||||||||
Equity contracts |
Futures contracts |
$ | 5,401 |
Futures contracts |
$ | (1,605 | ) | |||||
|
|
|
|
|||||||||
Franklin FTSE Australia ETF | ||||||||||||
Net realized gain (loss) from: |
Net change in unrealized appreciation (depreciation) on: |
|||||||||||
Equity contracts |
Futures contracts |
$ | 15,652 |
Futures contracts |
$ | 16,183 | ||||||
|
|
|
|
|||||||||
Franklin FTSE Brazil ETF | ||||||||||||
Net realized gain (loss) from: |
Net change in unrealized appreciation (depreciation) on: |
|||||||||||
Equity contracts |
Futures contracts |
$ | 617,603 |
Futures contracts |
$ | 10,213 | ||||||
|
|
|
|
|||||||||
Franklin FTSE Canada ETF | ||||||||||||
Net realized gain (loss) from: |
Net change in unrealized appreciation (depreciation) on: |
|||||||||||
Equity contracts |
Futures contracts |
$ | 42,946 |
Futures contracts |
$ | (38,152 | ) | |||||
|
|
|
|
|||||||||
Franklin FTSE China ETF | ||||||||||||
Net realized gain (loss) from: |
Net change in unrealized appreciation (depreciation) on: |
|||||||||||
Foreign exchange contracts |
Forward exchange contracts |
$ | (98 | ) |
Forward exchange contracts |
$ | — | |||||
Equity contracts |
Futures contracts |
37,829 |
Futures contracts |
(8,024 | ) | |||||||
|
|
|
|
|||||||||
Totals | $ | 37,731 | $ | (8,024 | ) | |||||||
|
|
|
|
|||||||||
Franklin FTSE Europe ETF | ||||||||||||
Net realized gain (loss) from: |
Net change in unrealized appreciation (depreciation) on: |
|||||||||||
Equity contracts |
Futures contracts |
$ | 29,896 |
Futures contracts |
$ | (42,738 | ) | |||||
|
|
|
|
|||||||||
Franklin FTSE Eurozone ETF | ||||||||||||
Net realized gain (loss) from: |
Net change in unrealized appreciation (depreciation) on: |
|||||||||||
Foreign exchange contracts |
Forward exchange contracts |
$ | (613,494 | ) |
Forward exchange contracts |
$ | 292,899 |
franklintempleton.com |
Semiannual Report |
315 |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
7. Other Derivative Information (continued)
Derivative Contracts Not Accounted for as Hedging Instruments |
Statements of Operations Locations |
Net Realized for the Period |
Statements of Operations Locations |
Net Change in Unrealized Appreciation (Depreciation) for the Period |
||||||||
|
||||||||||||
Net realized gain (loss) from: |
Net change in unrealized appreciation (depreciation) on: |
|||||||||||
Equity contracts |
Futures contracts |
$ | 4,017 |
Futures contracts |
$ | (3,554 | ) | |||||
|
|
|
|
|||||||||
Totals |
$ | (609,477 | ) | $ | 289,345 | |||||||
|
|
|
|
|||||||||
Franklin FTSE France ETF | ||||||||||||
Net realized gain (loss) from: |
Net change in unrealized appreciation (depreciation) on: |
|||||||||||
Equity contracts |
Futures contracts |
$ | 1,958 |
Futures contracts |
$ | (3,408 | ) | |||||
|
|
|
|
|||||||||
Franklin FTSE Germany ETF | ||||||||||||
Net realized gain (loss) from: |
Net change in unrealized appreciation (depreciation) on: |
|||||||||||
Equity contracts |
Futures contracts |
$ | 4,438 |
Futures contracts |
$ | — | ||||||
|
|
|
|
|||||||||
Franklin FTSE Hong Kong ETF | ||||||||||||
Net realized gain (loss) from: |
Net change in unrealized appreciation (depreciation) on: |
|||||||||||
Equity contracts |
Futures contracts |
$ | (3,486 | ) |
Futures contracts |
$ | (744 | ) | ||||
|
|
|
|
|||||||||
Franklin FTSE India ETF | ||||||||||||
Net realized gain (loss) from: |
Net change in unrealized appreciation (depreciation) on: |
|||||||||||
Foreign exchange contracts |
Forward exchange contracts |
$ | — |
Forward exchange contracts |
$ | 5,329 | ||||||
Equity contracts |
Futures contracts |
9,214 |
Futures contracts |
(3,055 | ) | |||||||
|
|
|
|
|||||||||
Totals |
$ | 9,214 | $ | 2,274 | ||||||||
|
|
|
|
|||||||||
Franklin FTSE Italy ETF | ||||||||||||
Net realized gain (loss) from: |
Net change in unrealized appreciation (depreciation) on: |
|||||||||||
Equity contracts |
Futures contracts |
$ | 1,086 |
Futures contracts |
$ | — | ||||||
|
|
|
|
|||||||||
Franklin FTSE Japan ETF | ||||||||||||
Net realized gain (loss) from: |
Net change in unrealized appreciation (depreciation) on: |
|||||||||||
Equity contracts |
Futures contracts |
$ | 2,204,280 |
Futures contracts |
$ | (266,906 | ) | |||||
|
|
|
|
|||||||||
Franklin FTSE Japan Hedged ETF | ||||||||||||
Net realized gain (loss) from: |
Net change in unrealized appreciation (depreciation) on: |
|||||||||||
Foreign exchange contracts |
Forward exchange contracts |
$ | 11,335,185 |
Forward exchange contracts |
$ | 7,430,761 | ||||||
Equity contracts |
Futures contracts |
48,553 |
Futures contracts |
(17,831 | ) | |||||||
|
|
|
|
|||||||||
Totals |
$ | 11,383,738 | $ | 7,412,930 | ||||||||
|
|
|
|
|||||||||
Franklin FTSE Latin America ETF | ||||||||||||
Net realized gain (loss) from: |
Net change in unrealized appreciation (depreciation) on: |
|||||||||||
Foreign exchange contracts |
Forward exchange contracts |
$ | (1,079 | ) |
Forward exchange contracts |
$ | — | |||||
Equity contracts |
Futures contracts |
13,478 |
Futures contracts |
(333 | ) | |||||||
|
|
|
|
|||||||||
Totals |
$ | 12,399 | $ | (333 | ) | |||||||
|
|
|
|
316 | Semiannual Report | franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
7. Other Derivative Information (continued)
Derivative Contracts Not Accounted for as Hedging Instruments |
Statements of Operations Locations |
Net Realized Gain (Loss) for the Period |
Statements of Operations Locations |
Net Change in Unrealized Appreciation (Depreciation) for the Period |
||||||||
|
||||||||||||
Franklin FTSE Mexico ETF | ||||||||||||
Net realized gain (loss) from: |
Net change in unrealized appreciation (depreciation) on: |
|||||||||||
Equity contracts |
Futures contracts |
$ | (1,364 | ) |
Futures contracts |
$ | — | |||||
|
|
|
|
|||||||||
Franklin FTSE Saudi Arabia ETF | ||||||||||||
Net realized gain (loss) from: |
Net change in unrealized appreciation (depreciation) on: |
|||||||||||
Foreign exchange contracts |
Forward exchange contracts |
$ | (157 | ) |
Forward exchange contracts |
$ | — | |||||
|
|
|
|
|||||||||
Franklin FTSE South Korea ETF | ||||||||||||
Net realized gain (loss) from: |
Net change in unrealized appreciation (depreciation) on: |
|||||||||||
Equity contracts |
Futures contracts |
$ | 166,401 |
Futures contracts |
$ | (44,742 | ) | |||||
|
|
|
|
|||||||||
Franklin FTSE Switzerland ETF | ||||||||||||
Net realized gain (loss) from: |
Net change in unrealized appreciation (depreciation) on: |
|||||||||||
Equity contracts |
Futures contracts |
$ | (3,181 | ) |
Futures contracts |
$ | (58,011 | ) | ||||
|
|
|
|
|||||||||
Franklin FTSE Taiwan ETF | ||||||||||||
Net realized gain (loss) from: |
Net change in unrealized appreciation (depreciation) on: |
|||||||||||
Equity contracts |
Futures contracts |
$ | 25,415 |
Futures contracts |
$ | 3,881 | ||||||
|
|
|
|
|||||||||
Franklin FTSE United Kingdom ETF | ||||||||||||
Net realized gain (loss) from: |
Net change in unrealized appreciation (depreciation) on: |
|||||||||||
Equity contracts |
Futures contracts |
$ | 68,676 |
Futures contracts |
$ | 8,979 | ||||||
|
|
|
|
For the period ended September 30, 2023, the average month end notional amount of futures contracts and average month end contract value for forward exchange contracts were as follows:
Franklin FTSE Asia ex Japan ETF |
Franklin FTSE Australia ETF |
Franklin FTSE Brazil ETF |
Franklin FTSE Canada ETF | |||||||||||
Futures contracts |
$113,930 | $253,228 | $4,528,677 | $1,031,639 | ||||||||||
Forward exchange contracts |
$ — | $ — | $ — | $ — | ||||||||||
Franklin FTSE China ETF |
Franklin FTSE Europe ETF |
Franklin FTSE Eurozone ETF |
Franklin FTSE France ETF | |||||||||||
Futures contracts |
$578,523 | $1,263,933 | $ 120,237 | $79,531 | ||||||||||
Forward exchange contracts |
$ — | $ — | $63,642,402 | $ — |
franklintempleton.com |
Semiannual Report |
317 |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
7. Other Derivative Information (continued)
Franklin FTSE Germany ETF |
Franklin FTSE Hong Kong ETF |
Franklin FTSE India ETF |
Franklin FTSE Italy ETF | |||||||||||
Futures contracts |
$72,632 | $61,212 | $1,453,521 | $57,518 | ||||||||||
Forward exchange contracts |
$ — | $ — | $4,837,691 | $ — | ||||||||||
Franklin FTSE Japan ETF |
Franklin FTSE ETF |
Franklin Latin America ETF |
Franklin FTSE Mexico ETF | |||||||||||
Futures contracts |
$8,099,603 | $ 879,454 | $876,986 | $70,362 | ||||||||||
Forward exchange contracts |
$ — | $395,214,691 | $ — | $ — | ||||||||||
Franklin | Franklin | Franklin | Franklin | |||||||||||
FTSE | FTSE | FTSE | FTSE | |||||||||||
Saudi Arabia | South Korea | Switzerland | Taiwan | |||||||||||
ETF | ETF | ETF | ETF | |||||||||||
Futures contracts |
$ — | $2,210,098 | $945,155 | $1,774,730 | ||||||||||
Forward exchange contracts |
$112,463 | $ — | $ — | $ — | ||||||||||
Franklin | ||||||||||||||
FTSE | ||||||||||||||
United Kingdom | ||||||||||||||
ETF | ||||||||||||||
Futures contracts |
$4,300,658 | |||||||||||||
Forward exchange contracts |
$ — |
At September 30, 2023, the Funds’ OTC derivative assets and liabilities are as follows:
Gross and Net Amounts of | ||||||||||||
Assets and Liabilities | ||||||||||||
Presented in the | ||||||||||||
Statements of | ||||||||||||
Assets and Liabilities | ||||||||||||
Assetsa | Liabilitiesa | |||||||||||
Franklin FTSE India ETF | ||||||||||||
Foreign exchange contracts |
$ | 5,329 | $ | — | ||||||||
Franklin FTSE Japan Hedged ETF | ||||||||||||
Foreign exchange contracts |
$ | 7,192,664 | $ | 9,155 |
aAbsent an event of default or early termination, OTC derivative assets and liabilities are presented gross and not offset in the Statements of Assets and Liabilities.
318 | Semiannual Report | franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
7. Other Derivative Information (continued)
At September 30, 2023, the Funds’ OTC derivative assets, which may be offset against the Funds’ OTC derivative liabilities and collateral received from the counterparty, are as follows:
Amounts Not Offset in the | ||||||||||||||||||||
Statements of Assets and Liabilities | ||||||||||||||||||||
|
|
|||||||||||||||||||
Gross and Net Amounts | Financial | |||||||||||||||||||
of Assets Presented | Financial | Instruments | Cash | |||||||||||||||||
in the Statements of | Instruments | Collateral | Collateral | Net Amount (Not | ||||||||||||||||
Assets and Liabilities | Available for Offset | Received | a | Received | a | less than zero) | ||||||||||||||
Franklin FTSE India ETF | ||||||||||||||||||||
Counterparty | ||||||||||||||||||||
State Street Bank & Trust Co. |
$ 5,329 | $ — | $ — | $ — | $ 5,329 | |||||||||||||||
Franklin FTSE Japan | ||||||||||||||||||||
Hedged ETF | ||||||||||||||||||||
Counterparty | ||||||||||||||||||||
BOFA |
$1,799,366 | $(1,466 | ) | $ — | $ — | $1,797,900 | ||||||||||||||
HSBK |
1,797,122 | (1,972 | ) | — | — | 1,795,150 | ||||||||||||||
UBSW |
3,596,176 | (5,717 | ) | — | — | 3,590,459 | ||||||||||||||
Total |
$7,192,664 | $(9,155 | ) | $ — | $ — | $7,183,509 |
aIn some instances, the collateral amounts disclosed in the table above were adjusted due to the requirement to limit collateral amounts to avoid the effect of overcollateralization. Actual collateral received and/or pledged may be more than the amounts disclosed herein.
At September 30, 2023, the Funds’ OTC derivative liabilities, which may be offset against the Funds’ OTC derivative assets and collateral pledged to the counterparty, are as follows:
Amounts Not Offset in the | ||||||||||||||||||||
Statements of Assets and Liabilities | ||||||||||||||||||||
|
|
|||||||||||||||||||
Gross and Net Amounts | Financial | |||||||||||||||||||
of Liabilities Presented | Financial | Instruments | Cash | |||||||||||||||||
in the Statements of | Instruments | Collateral | Collateral | Net Amount (Not | ||||||||||||||||
Assets and Liabilities | Available for Offset | Pledged | a | Pledged | a | less than zero) | ||||||||||||||
Franklin FTSE Japan | ||||||||||||||||||||
Hedged ETF | ||||||||||||||||||||
Counterparty | ||||||||||||||||||||
BOFA |
$1,466 | $(1,466) | $ — | $ — | $ — | |||||||||||||||
HSBK |
1,972 | (1,972) | — | — | — | |||||||||||||||
UBSW |
5,717 | (5,717) | — | — | — | |||||||||||||||
Total |
$9,155 | $(9,155) | $ — | $ — | $ — |
aIn some instances, the collateral amounts disclosed in the table above were adjusted due to the requirement to limit collateral amounts to avoid the effect of overcollateralization. Actual collateral received and/or pledged may be more than the amounts disclosed herein.
See Note 1(c) regarding derivative financial instruments.
8. Fair Value Measurements
The Funds follow a fair value hierarchy that distinguishes between market data obtained from independent sources (observable inputs) and the Funds’ own market assumptions (unobservable inputs). These inputs are used in determining the value of the Funds financial instruments and are summarized in the following fair value hierarchy:
• |
Level 1 – quoted prices in active markets for identical financial instruments |
franklintempleton.com |
Semiannual Report |
319 |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
8. Fair Value Measurements (continued)
• |
Level 2 – other significant observable inputs (including quoted prices for similar financial instruments, interest rates, prepayment speed, credit risk, etc.) |
• |
Level 3 – significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of financial instruments) |
The input levels are not necessarily an indication of the risk or liquidity associated with financial instruments at that level.
A summary of inputs used as of September 30, 2023, in valuing the Funds’ assets and liabilities carried at fair value, is as follows:
Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||||
Franklin FTSE Asia ex Japan ETF |
||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Investments in Securities:a |
||||||||||||||||||||||||||||
Equity Investmentsb |
$ | 24,525,692 | $ | 6,894 | $ | — | c | $ | 24,532,586 | |||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||
Other Financial Instruments: |
||||||||||||||||||||||||||||
Futures Contracts |
$ | 1,605 | $ | — | $ | — | $ | 1,605 | ||||||||||||||||||||
Franklin FTSE Australia ETF | ||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Investments in Securities:a |
||||||||||||||||||||||||||||
Equity Investmentsb |
$ | 28,898,365 | $ | 134 | $ | — | $ | 28,898,499 | ||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||
Other Financial Instruments: |
||||||||||||||||||||||||||||
Futures Contracts |
$ | 15,318 | $ | — | $ | — | $ | 15,318 | ||||||||||||||||||||
Franklin FTSE Brazil ETF | ||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Investments in Securities:a |
||||||||||||||||||||||||||||
Equity Investmentsb |
$ | 123,151,656 | $ | 38,247 | $ | — | $ | 123,189,903 | ||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||
Other Financial Instruments: |
||||||||||||||||||||||||||||
Futures Contracts |
$ | 89,896 | $ | — | $ | — | $ | 89,896 | ||||||||||||||||||||
Franklin FTSE Canada ETF | ||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Investments in Securities:a |
||||||||||||||||||||||||||||
Equity Investmentsb |
$ | 329,499,436 | $ | — | $ | — | c | $ | 329,499,436 | |||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||
Other Financial Instruments: |
||||||||||||||||||||||||||||
Futures Contracts |
$ | 24,971 | $ | — | $ | — | $ | 24,971 | ||||||||||||||||||||
Franklin FTSE China ETF | ||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Investments in Securities:a |
||||||||||||||||||||||||||||
Equity Investmentsb |
$ | 106,234,108 | $ | — | $ | —c | $ | 106,234,108 | ||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||
Other Financial Instruments: |
||||||||||||||||||||||||||||
Futures Contracts |
$ | 8,024 | $ | — | $ | — | $ | 8,024 | ||||||||||||||||||||
Franklin FTSE Europe ETF | ||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Investments in Securities:a |
||||||||||||||||||||||||||||
Equity Investmentsb |
$ | 116,078,792 | $ | — | $ | — | c | $ | 116,078,792 |
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NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
8. Fair Value Measurements (continued)
Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||||
Franklin FTSE Europe ETF (continued) |
||||||||||||||||||||||||||||
Other Financial Instruments: |
||||||||||||||||||||||||||||
Futures Contracts |
$ | 2,486 | $ | — | $ | — | $ | 2,486 | ||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||
Other Financial Instruments: |
||||||||||||||||||||||||||||
Futures Contracts |
$ | 14,410 | $ | — | $ | — | $ | 14,410 | ||||||||||||||||||||
Franklin FTSE Eurozone ETF | ||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Investments in Securities:a |
||||||||||||||||||||||||||||
Equity Investmentsb |
$ | 17,435,606 | $ | — | $ | — | c | $ | 17,435,606 | |||||||||||||||||||
Short-Term Investments |
996 | — | — | 996 | ||||||||||||||||||||||||
Total Investments in Securities |
$ | 17,436,602 | $ | — | $ | — | $ | 17,436,602 | ||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||
Other Financial Instruments: |
||||||||||||||||||||||||||||
Futures Contracts |
$ | 738 | $ | — | $ | — | $ | 738 | ||||||||||||||||||||
Franklin FTSE France ETF | ||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Investments in Securities:a |
||||||||||||||||||||||||||||
Equity Investmentsb |
$ | 5,758,870 | $ | — | $ | — | $ | 5,758,870 | ||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||
Other Financial Instruments: |
||||||||||||||||||||||||||||
Futures Contracts |
$ | 938 | $ | — | $ | — | $ | 938 | ||||||||||||||||||||
Franklin FTSE Germany ETF | ||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Investments in Securities:a |
||||||||||||||||||||||||||||
Equity Investmentsb |
$ | 15,362,266 | $ | — | $ | — | $ | 15,362,266 | ||||||||||||||||||||
Franklin FTSE Hong Kong ETF | ||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Investments in Securities:a |
||||||||||||||||||||||||||||
Equity Investmentsb |
$ | 10,813,919 | $ | 9,791 | $ | — | $ | 10,823,710 | ||||||||||||||||||||
Other Financial Instruments: |
||||||||||||||||||||||||||||
Futures Contracts |
$ | 320 | $ | — | $ | — | $ | 320 | ||||||||||||||||||||
Franklin FTSE India ETF | ||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Investments in Securities:a |
||||||||||||||||||||||||||||
Equity Investmentsb |
$ | 376,962,911 | $ | 375,915 | $ | — | $ | 377,338,826 | ||||||||||||||||||||
Other Financial Instruments: |
||||||||||||||||||||||||||||
Forward Exchange Contracts |
$ | — | $ | 5,329 | $ | — | $ | 5,329 | ||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||
Other Financial Instruments: |
||||||||||||||||||||||||||||
Futures Contracts |
$ | 3,055 | $ | — | $ | — | $ | 3,055 | ||||||||||||||||||||
Franklin FTSE Italy ETF | ||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Investments in Securities:a |
||||||||||||||||||||||||||||
Equity Investmentsb |
$ | 5,139,362 | $ | — | $ | — | $ | 5,139,362 |
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8. Fair Value Measurements (continued)
Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||||
Franklin FTSE Japan ETF |
||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Investments in Securities:a |
||||||||||||||||||||||||||||
Equity Investmentsb |
$ | 1,481,774,396 | $ | — | $ | — | $ | 1,481,774,396 | ||||||||||||||||||||
Short-Term Investments |
942,836 | — | — | 942,836 | ||||||||||||||||||||||||
Total Investments in Securities |
$ | 1,482,717,232 | $ | — | $ | — | $ | 1,482,717,232 | ||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||
Other Financial Instruments: |
||||||||||||||||||||||||||||
Futures Contracts |
$ | 104,623 | $ | — | $ | — | $ | 104,623 | ||||||||||||||||||||
Franklin FTSE Japan Hedged ETF | ||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Investments in Securities:a |
||||||||||||||||||||||||||||
Equity Investmentsb |
$ | 247,123,238 | $ | — | $ | — | $ | 247,123,238 | ||||||||||||||||||||
Short-Term Investments |
14,047 | — | — | 14,047 | ||||||||||||||||||||||||
Total Investments in Securities |
$ | 247,137,285 | $ | — | $ | — | $ | 247,137,285 | ||||||||||||||||||||
Other Financial Instruments: |
||||||||||||||||||||||||||||
Forward Exchange Contracts |
$ | — | $ | 7,192,664 | $ | — | $ | 7,192,664 | ||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||
Other Financial Instruments: |
||||||||||||||||||||||||||||
Forward Exchange Contracts |
$ | — | $ | 9,155 | $ | — | $ | 9,155 | ||||||||||||||||||||
Futures Contracts |
15,554 | — | — | 15,554 | ||||||||||||||||||||||||
Total Other Financial Instruments |
$ | 15,554 | $ | 9,155 | $ | — | $ | 24,709 | ||||||||||||||||||||
Franklin FTSE Latin America ETF | ||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Investments in Securities:a |
||||||||||||||||||||||||||||
Equity Investmentsb |
$ | 60,090,941 | $ | 12,321 | $ | — | $ | 60,103,262 | ||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||
Other Financial Instruments: |
||||||||||||||||||||||||||||
Futures Contracts |
$ | 15,211 | $ | — | $ | — | $ | 15,211 | ||||||||||||||||||||
Franklin FTSE Mexico ETF | ||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Investments in Securities:a |
||||||||||||||||||||||||||||
Equity Investmentsb |
$ | 30,328,693 | $ | — | $ | — | $ | 30,328,693 | ||||||||||||||||||||
Franklin FTSE Saudi Arabia ETF | ||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Investments in Securities:a |
||||||||||||||||||||||||||||
Equity Investmentsb |
$ | 22,190,169 | $ | — | $ | — | $ | 22,190,169 | ||||||||||||||||||||
Franklin FTSE South Africa ETF | ||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Investments in Securities:a |
||||||||||||||||||||||||||||
Equity Investmentsb |
$ | 1,999,904 | $ | — | $ | — | $ | 1,999,904 | ||||||||||||||||||||
Franklin FTSE South Korea ETF | ||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Investments in Securities:a |
||||||||||||||||||||||||||||
Equity Investmentsb |
$ | 312,312,164 | $ | 48,683 | $ | — | $ | 312,360,847 |
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NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
8. Fair Value Measurements (continued)
Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||||||
Franklin FTSE South Korea ETF (continued) |
||||||||||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||
Other Financial Instruments: |
||||||||||||||||||||||||||||
Futures Contracts |
$ | 19,714 | $ | — | $ | — | $ | 19,714 | ||||||||||||||||||||
Franklin FTSE Switzerland ETF | ||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Investments in Securities:a |
||||||||||||||||||||||||||||
Equity Investmentsb |
$ | 41,239,673 | $ | — | $ | — | $ | 41,239,673 | ||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||
Other Financial Instruments: |
||||||||||||||||||||||||||||
Futures Contracts |
$ | 19,698 | $ | — | $ | — | $ | 19,698 | ||||||||||||||||||||
Franklin FTSE Taiwan ETF | ||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Investments in Securities:a |
||||||||||||||||||||||||||||
Equity Investmentsb |
$ | 170,188,258 | $ | — | $ | — | $ | 170,188,258 | ||||||||||||||||||||
Other Financial Instruments: |
||||||||||||||||||||||||||||
Futures Contracts |
$ | 3,881 | $ | — | $ | — | $ | 3,881 | ||||||||||||||||||||
Franklin FTSE United Kingdom ETF | ||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Investments in Securities:a |
||||||||||||||||||||||||||||
Equity Investmentsb |
$ | 580,450,160 | $ | — | $ | — | c | $ | 580,450,160 | |||||||||||||||||||
Other Financial Instruments: |
||||||||||||||||||||||||||||
Futures Contracts |
$ | 36,461 | $ | — | $ | — | $ | 36,461 |
a For detailed categories, see the accompanying Schedules of Investments.
b Includes common and preferred stocks, warrants, as well as other equity investments.
c Includes financial instruments determined to have no value.
9. New Accounting Pronouncements
In June 2022, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2022-03, Fair Value Measurement (Topic 820) – Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. The amendments in the ASU clarify that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, should not be considered in measuring fair value. The ASU is effective for interim and annual reporting periods beginning after December 15, 2023, with the option of early adoption. Management has reviewed the requirements and concluded that the adoption of the ASU will not have a material impact on the financial statements. As permitted, Management has elected to early adopt the provisions.
10. Subsequent Events
The Funds have evaluated subsequent events through the issuance of the financial statements and determined that no events have occurred that require disclosure other than those already disclosed in the financial statements, except for the following:
On September 7, 2023, the Board of the Trust, on behalf of Franklin FTSE France ETF, Franklin FTSE Italy ETF and Franklin FTSE South Africa ETF, approved a proposal to liquidate the Funds. The Funds liquidated on November 3, 2023.
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Abbreviations
Selected Portfolio | Counterparty | |||||
ADR | American Depositary Receipt | BOFA | Bank of America Corp. | |||
CAC | Cotation Assistée en Continu | HSBK | HSBC Bank PLC | |||
CDI | Clearing House Electronic Subregister | UBSW | UBS AG | |||
System Depositary Interest | ||||||
GDR | Global Depositary Receipt | |||||
NVDR | Non-Voting Depositary Receipt | |||||
REIT | Real Estate Investment Trust | |||||
SF | Single Family | |||||
SPA | Standby Purchase Agreement | |||||
SRF | State Revolving Fund |
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Board Approval of Investment
Management Agreements
FRANKLIN TEMPLETON ETF TRUST
Franklin FTSE Asia ex Japan ETF
Franklin FTSE Australia ETF
Franklin FTSE Brazil ETF
Franklin FTSE Canada ETF
Franklin FTSE China ETF
Franklin FTSE Europe ETF
Franklin FTSE Eurozone ETF
(formerly, Franklin FTSE Europe Hedged ETF)
Franklin FTSE France ETF
Franklin FTSE Germany ETF
Franklin FTSE Hong Kong ETF
Franklin FTSE India ETF
Franklin FTSE Italy ETF
Franklin FTSE Japan ETF
Franklin FTSE Japan Hedged ETF
Franklin FTSE Latin America ETF
Franklin FTSE Mexico ETF
Franklin FTSE Saudi Arabia ETF
Franklin FTSE South Africa ETF
Franklin FTSE South Korea ETF
Franklin FTSE Switzerland ETF
Franklin FTSE Taiwan ETF
Franklin FTSE United Kingdom ETF
(each a Fund)
May 11, 2023 15(c) Meeting
At a meeting held on May 11, 2023 (May Meeting), the Board of Trustees (Board) of Franklin Templeton ETF Trust (Trust), including a majority of the trustees who are not “interested persons” as defined in the Investment Company Act of 1940 (Independent Trustees), reviewed and approved the continuance of the investment management agreement between Franklin Advisory Services, LLC (Manager) and the Trust, on behalf of each Fund (each a Management Agreement) for an additional one-year period. The Independent Trustees received advice from and met separately with Independent Trustee counsel in considering whether to approve the continuation of each Management Agreement. Although the Management Agreements for the Funds were considered at the same Board meeting, the Board considered the information provided to it about the Funds together and with respect to each Fund separately as the Board deemed appropriate.
In considering the continuation of each Management Agreement, the Board reviewed and considered information
provided by the Manager at the May Meeting and throughout the year at meetings of the Board and its committees. The Board also reviewed and considered information provided in response to a detailed set of requests for information submitted to the Manager by Independent Trustee counsel on behalf of the Independent Trustees in connection with the annual contract renewal process. In addition, prior to the May Meeting, the Independent Trustees held a virtual contract renewal meeting at which the Independent Trustees conferred amongst themselves and Independent Trustee counsel about contract renewal matters and, subsequently, requested additional information from management that the Independent Trustees reviewed and considered prior to and at the May Meeting. The Board reviewed and considered all of the factors it deemed relevant in approving the continuance of each Management Agreement, including, but not limited to: (i) the nature, extent and quality of the services provided by the Manager; (ii) each Fund’s tracking error against a specified benchmark index as of a recent period; (iii) the costs of the services provided and profits realized by the Manager and its affiliates from the relationship with each Fund; (iv) the extent to which economies of scale are realized as each Fund grows; and (v) whether fee levels reflect these economies of scale for the benefit of Fund investors (Factors).
In approving the continuance of each Management Agreement, the Board, including a majority of the Independent Trustees, determined that the terms of each Management Agreement are fair and reasonable and that the continuance of the Management Agreement is in the best interests of the applicable Fund and its shareholders. While attention was given to all information furnished, the following discusses some primary factors relevant to the Board’s determination.
Nature, Extent and Quality of Services
The Board reviewed and considered information regarding the nature, extent and quality of investment management services provided by the Manager and its affiliates to the Funds and their shareholders. This information included, among other things, the qualifications, background and experience of the senior management and investment personnel of the Manager; the structure of investment personnel compensation; oversight of third-party service providers; investment performance reports and related financial information for each Fund; reports on expenses; legal and compliance matters; risk controls; pricing and other services provided by the Manager and its affiliates; and management fees charged by the Manager and its affiliates to US funds and other accounts, including management’s
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explanation of differences among accounts where relevant. The Board acknowledged management’s continued development of strategies to address areas of heightened concern in the registered fund industry, including various regulatory initiatives and continuing geopolitical concerns.
The Board also reviewed and considered the benefits provided to Fund shareholders of investing in a fund that is part of the Franklin Templeton (FT) family of funds. The Board noted the financial position of Franklin Resources, Inc. (FRI), the Manager’s parent, and its commitment to the registered fund business as evidenced by its continued introduction of new funds, reassessment of the fund offerings in response to the market environment and project initiatives and capital investments relating to the services provided to the Funds by the FT organization. The Board specifically noted FT’s commitment to technological innovation and advancement and investments to promote alternative investing.
Following consideration of such information, the Board was satisfied with the nature, extent and quality of services provided by the Manager and its affiliates to the Funds and their shareholders.
Fund Performance
The Board noted that, in light of the Funds’ use of a “passive” or indexing investment approach, management evaluates each Fund based on its tracking error against a specified benchmark. The Board also noted that management did not provide peer fund performance analyses typically prepared by Broadridge Financial Solutions, Inc. (Broadridge), an independent provider of investment company data, as the Funds are pure-index exchange-traded funds as opposed to active or smart beta funds. The Board referenced earlier discussions with management on matters related to, among other things, the importance of performance to asset growth and growth of market share, and the performance of the Funds in periods of volatility. In addition, the Board acknowledged information provided regarding management’s strategy behind the overall product line-up, the sources of asset growth, the nature of management’s research, potential use of innovative data and technology, and investments in marketing and distribution. The Board noted management’s high level of client engagement and the strength of its compliance program.
The Board then noted that for the one-year period ended February 28, 2023, each Fund’s tracking error was within the tolerance anticipated for such Fund, except that the tracking error for the Franklin FTSE Brazil ETF was 6.6 basis points
outside the tolerance anticipated for this Fund and the Franklin FTSE Germany ETF was 7.3 basis points outside the tolerance for this Fund. The Board discussed the tracking error of the Funds with management and management explained that, for the Franklin FTSE Brazil ETF, the Fund’s tracking error was outside the tolerance anticipated due, in part, to fees and cash drag from Bovespa futures exposure. Management further explained that, for the Franklin FTSE Germany ETF, the Fund’s tracking error was outside the tolerance anticipated due, in part, to fees and a tax advantage due to a lower withholding tax rate than its index. The Board considered management’s proposal to reposition the Franklin FTSE Eurozone ETF, effective August 1, 2023, by changing its name, ticker, underlying index, investment universe, investment goal, and investment strategies so that the Fund is able to provide passive Eurozone equity exposure to investors.
Comparative Fees and Expenses
The Board reviewed and considered information regarding each Fund’s actual total expense ratio, noting that each Fund pays a Unified Fee (as defined below). The Board considered the actual total expense ratio and, separately, the contractual management fee rate, without the effect of fee waivers, if any (Management Rate), of each Fund in comparison to the median expense ratio and median Management Rate, respectively, of other exchange-traded funds deemed comparable to and with a similar expense structure to the Fund selected by Broadridge (Expense Group). Broadridge fee and expense data is based upon information taken from each fund’s most recent annual or semi-annual report, which reflects historical asset levels that may be quite different from those currently existing, particularly in a period of market volatility. While recognizing such inherent limitation and the fact that expense ratios and Management Rates generally increase as assets decline and decrease as assets grow, the Board believed the independent analysis conducted by Broadridge to be an appropriate measure of comparative fees and expenses. The Broadridge Management Rate includes administrative charges. The Board received a description of the methodology used by Broadridge to select the exchange-traded funds included in an Expense Group. The Expense Group for each Fund was as follows:
• | The Expense Group for the Franklin FTSE Asia Ex Japan ETF was comprised of pure index exchange-traded funds, which included the Fund and two other Pacific ex-Japan funds. |
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• | The Expense Group for the Franklin FTSE Australia ETF was comprised of pure index exchange-traded funds, which included the Fund and one other Pacific region fund. |
• | The Expense Group for the Franklin FTSE Brazil ETF was comprised of pure index exchange-traded funds, which included the Fund and two other Latin American funds. |
• | The Expense Group for the Franklin FTSE Canada ETF was comprised of pure index exchange-traded funds, which included the Fund and two other international large-cap core funds. |
• | The Expense Group for the Franklin FTSE China ETF was comprised of pure index exchange-traded funds, which included the Fund and six other China region funds. |
• | The Expense Group for the Franklin FTSE Europe ETF was comprised of pure index exchange-traded funds, which included the Fund and four other European region funds. |
• | The Expense Group for the Franklin FTSE Eurozone ETF was comprised of pure index exchange-traded funds, which included the Fund and two other European region funds. |
• | The Expense Group for the Franklin FTSE France ETF was comprised of pure index exchange-traded funds, which included the Fund and two other European region funds. |
• | The Expense Group for the Franklin FTSE Germany ETF was comprised of pure index exchange-traded funds, which included the Fund and two other European region funds. |
• | The Expense Group for the Franklin FTSE Hong Kong ETF was comprised of pure index exchange-traded funds, which included the Fund and one other China region fund. |
• | The Expense Group for the Franklin FTSE India ETF was comprised of pure index exchange-traded funds, which included the Fund and three other India region funds. |
• | The Expense Group for the Franklin FTSE Italy ETF was comprised of pure index exchange-traded funds, which included the Fund and one other European region fund. |
• | The Expense Group for the Franklin FTSE Japan ETF was comprised of pure index exchange-traded funds, which included the Fund and two other Japanese funds. |
• | The Expense Group for the Franklin FTSE Japan Hedged ETF was comprised of pure index exchange- traded funds, which included the Fund and two other Japanese funds. |
• | The Expense Group for the Franklin FTSE Latin America ETF was comprised of pure index exchange- traded funds, which included the Fund and one other Latin American fund. |
• | The Expense Group for the Franklin FTSE Mexico ETF was comprised of pure index exchange-traded funds, which included the Fund and one other Latin American fund. |
• | The Expense Group for the Franklin FTSE Saudi Arabia ETF was comprised of pure index exchange-traded funds, which included the Fund and one other emerging markets fund. |
• | The Expense Group for the Franklin FTSE South Africa ETF was comprised of pure index exchange-traded funds, which included the Fund and one other emerging markets fund. |
• | The Expense Group for the Franklin FTSE South Korea ETF was comprised of pure index exchange-traded funds, which included the Fund and one other Pacific ex-Japan fund. |
• | The Expense Group for the Franklin FTSE Switzerland ETF was comprised of pure index exchange- traded funds, which included the Fund and one other European region fund. |
• | The Expense Group for the Franklin FTSE Taiwan ETF was comprised of pure index exchange-traded funds, which included the Fund and one other China region fund. |
• | The Expense Group for the Franklin FTSE United Kingdom ETF was comprised of pure index exchange- traded funds, which included the Fund and one other European region fund. |
The Board noted that the Management Rates and actual total expense ratios for the Funds were below the medians of their respective Expense Groups, except that the actual total expense ratio for each of the Franklin FTSE Eurozone ETF and Franklin FTSE Japan Hedged ETF was equal to the median of its respective Expense Groups. The Board also noted the small size of each Fund’s Expense Group, except for the Franklin FTSE China ETF which had seven peers in its Expense Group. The Board further noted each Fund’s unified management fee (Unified Fee). The Board also noted that pursuant to the Unified Fee arrangement the Manager reimburses the Fund for all of its acquired fund fees and expenses (if any) and pays all of the ordinary operating expenses of the Fund, except for (i) the Fund’s Unified Fee, (ii) future Rule 12b-1 payments (if any), (iii) brokerage expenses, (iv) taxes, (v) interest (including borrowing costs and dividend expenses on securities sold
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short and overdraft charges), (vi) litigation expenses (including litigation to which the Trust or the Fund may be a party and indemnification of the Trustees and officers with respect thereto), and (vii) other non-routine or extraordinary expenses. The Board concluded that the Management Rate charged to each Fund is reasonable.
Profitability
The Board reviewed and considered information regarding the profits realized by the Manager and its affiliates in connection with the operation of each Fund. In this respect, the Board considered the Fund profitability analysis that addresses the overall profitability of FT’s US fund business, as well as its profits in providing investment management and other services to each of the individual funds during the 12-month period ended September 30, 2022, being the most recent fiscal year-end for FRI. The Board noted that although management continually makes refinements to its methodologies used in calculating profitability in response to organizational and product-related changes, the overall methodology has remained consistent with that used in the Funds’ profitability report presentations from prior years. The Board also noted that PricewaterhouseCoopers LLP, auditor to FRI and certain FT funds, has been engaged to periodically review and assess the allocation methodologies to be used solely by the Funds’ Board with respect to the profitability analysis.
The Board noted management’s belief that costs incurred in establishing the infrastructure necessary for the type of fund operations conducted by the Manager and its affiliates may not be fully reflected in the expenses allocated to each Fund in determining its profitability, as well as the fact that the level of profits, to a certain extent, reflected operational cost savings and efficiencies initiated by management. As part of this evaluation, the Board considered management’s outsourcing of certain operations, which effort has required considerable up-front expenditures but, over the long run, is expected to result in greater efficiencies. The Board also noted management’s expenditures in improving shareholder services provided to the Funds, as well as the need to implement systems and meet additional regulatory and compliance requirements resulting from recent US Securities and Exchange Commission and other regulatory requirements.
The Board also considered the extent to which the Manager and its affiliates might derive ancillary benefits from fund operations, including potential benefits resulting from personnel and systems enhancements necessitated by fund growth, as well as increased leverage with service providers
and counterparties. Based upon its consideration of all these factors, the Board concluded that the level of profits realized by the Manager and its affiliates from providing services to each Fund was not excessive in view of the nature, extent and quality of services provided to each Fund.
Economies of Scale
The Board reviewed and considered the extent to which the Manager may realize economies of scale, if any, as each Fund grows larger and whether each Fund’s management fee structure reflects any economies of scale for the benefit of shareholders. The Board considered that each Fund would likely experience benefits from the Unified Fee at the Fund’s projected asset levels because of the Manager’s contractual requirement to bear most of the Fund’s ordinary operating expenses. The Board noted that, under the Unified Fee, it is not anticipated that any of the Funds will generate significant, if any, profit for the Manager and/or its affiliates for some time. The Board considered management’s view that any analyses of potential economies of scale in managing a particular fund are inherently limited in light of the joint and common costs and investments the Manager incurs across the FT family of funds as a whole. The Board also noted that, as of December 31, 2022, each Fund (except for the Franklin FTSE Brazil ETF, Franklin FTSE Japan ETF and Franklin FTSE United Kingdom ETF) had net assets below $250 million (and in most cases much less). The Board also noted management’s representation that, while the Franklin FTSE Brazil ETF, Franklin FTSE Japan ETF and Franklin FTSE United Kingdom ETF had net assets of approximately $315 million, $871 million and $496 million, respectively, as of December 31, 2022, none of the Funds experienced a profit for the fiscal year ended September 30, 2022. The Board recognized that there would not likely be any economies of scale for a Fund until the Fund’s assets grow.
Conclusion
Based on its review, consideration and evaluation of all factors it believed relevant, including the above-described factors and conclusions, the Board unanimously approved the continuation of each Management Agreement for an additional one-year period.
September 7, 2023 Board Meeting
At a meeting held on September 7, 2023 (September Meeting), the Board reviewed and approved, on behalf of each Fund, a new investment sub-advisory agreement between the Manager and Franklin Templeton Institutional, LLC (Sub-Adviser) for an initial two-year period (each a New Sub-Advisory Agreement).
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The Board reviewed and considered all information provided by the Manager and Sub-Adviser at the September Meeting with respect to each New Sub-Advisory Agreement and noted its review and consideration of the information it received in connection with the May Meeting. In particular, the Board reviewed and considered the factors it deemed relevant in approving each New Sub-Advisory Agreement, including, but not limited to: (i) the nature, extent, and quality of the services to be provided by the Sub-Adviser; and (ii) the costs of the services to be provided by the Sub-Adviser. The Board also considered that management proposed that the Board approve each New Sub-Advisory Agreement in order to facilitate portfolio management team continuity in light of the planned relocation of a co-portfolio manager of each Fund. The Board reviewed and further considered the form of New Sub-Advisory Agreement and the terms of each New Sub-Advisory Agreement, which were discussed at the September Meeting. The Board also considered the information regarding the investment sub-advisory fee to be charged by the Sub-Adviser. The Board determined that the conclusions it made at the May Meeting regarding each Fund’s Factors had not changed. The Board noted counsel’s legal analysis and conclusion that Fund shareholders would not be required to approve the New Sub-Advisory Agreement.
The Board, including a majority of the Independent Trustees, determined that the hiring of the Sub-Adviser is in the best interests of each Fund and its shareholders. The Board also determined that the terms of each New Sub-Advisory Agreement are fair and reasonable. The Board noted that the Sub-Adviser is paid by the Manager out of the management fee it receives from each Fund and that the allocation of the fee between the Manager and Sub-Adviser reflects the services provided by each to the Fund. The Board concluded that the sub-advisory fee paid to the Sub-Adviser is reasonable.
Based on its review, consideration and evaluation of all factors it believed relevant, including the above-described Factors and conclusions, the Board unanimously approved each New Sub-Advisory Agreement for an initial two-year period.
Liquidity Risk Management Program – In-Kind ETFs
Franklin FTSE Australia ETF
Franklin FTSE Canada ETF
Franklin FTSE Europe ETF
Franklin FTSE Eurozone ETF
Franklin FTSE France ETF
Franklin FTSE Germany ETF
Franklin FTSE Hong Kong ETF
Franklin FTSE Italy ETF
Franklin FTSE Japan ETF
Franklin FTSE Japan Hedged ETF
Franklin FTSE Mexico ETF
Franklin FTSE South Africa ETF
Franklin FTSE Switzerland ETF
Franklin FTSE United Kingdom ETF
Each of the Funds has adopted and implemented a written Liquidity Risk Management Program (the “LRMP”) as required by Rule 22e-4 under the Investment Company Act of 1940 (the “Liquidity Rule”). The LRMP is designed to assess and manage each Fund’s liquidity risk, which is defined as the risk that the Fund could not meet requests to redeem shares issued by the Fund without significant dilution of remaining investors’ interests in the Fund. Each of the Funds is an exchange-traded fund (“ETF”) that is considered an “In-Kind ETF” under the Liquidity Rule, which means that the Fund satisfies requests for redemption through in-kind transfers of portfolio securities, positions, and other assets, except for a de minimis amount of cash, and publishes its portfolio holdings daily. In accordance with the Liquidity Rule, the LRMP includes policies and procedures that provide for: (1) assessment, management, and review (no less frequently than annually) of each Fund’s liquidity risk; (2) prohibiting the Fund’s acquisition of Illiquid investments that would result in the Fund holding more than 15% of its net assets in Illiquid assets. The LRMP also requires reporting to the SEC (on a non-public basis) and to the Board if the Fund’s holdings of Illiquid assets exceed 15% of the Fund’s net assets. As an In-Kind ETF, the Fund is not required to include in the LRMP policies and procedures relating to classification of portfolio holdings into four liquidity categories or establishing a highly liquid investment minimum (“HLIM”).
The Funds’ Board of Trustees approved the appointment of the Director of Liquidity Risk within the Investment Risk Management Group (the “IRMG”) as the Administrator of the LRMP. The IRMG maintains the Investment Liquidity Committee (the “ILC”) to provide oversight and administration of policies and procedures governing liquidity risk management for FT products and portfolios. The ILC includes representatives from Franklin Templeton’s Risk, Trading, Global Compliance, Legal, Investment Compliance, Investment Operations, Valuation Committee, Product Management and Global Product Strategy.
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In assessing and managing each Fund’s liquidity risk, the ILC considers, as relevant, a variety of factors, including the Fund’s investment strategy and the liquidity of its portfolio investments during both normal and reasonably foreseeable stressed conditions; its short and long-term cash flow projections; and its cash holdings and access to other funding sources including the Funds’ interfund lending facility and line of credit. Because the Funds are ETFs, the ILC also considers, as relevant, (1) the relationship between the Fund’s portfolio liquidity and the way in which, and the prices and spread at which, Fund shares trade, including the efficiency of the arbitrage function and the level of active participation by market participants, including authorized participants and (2) the effect of the composition of baskets on the overall liquidity of the Fund’s portfolio.
At meetings of the Funds’ Board of Trustees held in May 2023, the Program Administrator provided a written report to the Board addressing the adequacy and effectiveness of the program for the year ended December 31, 2022. The Program Administrator report concluded that (i.) the LRMP, as adopted and implemented, remains reasonably designed to assess and manage each Fund’s liquidity risk; (ii.) the LRMP, including the Highly Liquid Investment Minimum (“HLIM”) where applicable, was implemented and operated effectively and achieved the goal of assessing and managing each Fund’s liquidity risk; and (iii.) each Fund was able to meet requests for redemption without significant dilution of remaining investors’ interests in the Fund.
Liquidity Risk Management Program – Non-In-Kind ETFs
Franklin FTSE Asia ex Japan ETF
Franklin FTSE Brazil ETF
Franklin FTSE China ETF
Franklin FTSE India ETF
Franklin FTSE Latin America ETF
Franklin FTSE Saudi Arabia ETF
Franklin FTSE South Korea ETF
Franklin FTSE Taiwan ETF
Each of the Franklin Templeton and Legg Mason Funds has adopted and implemented a written Liquidity Risk Management Program (the “LRMP”) as required by Rule 22e-4 under the Investment Company Act of 1940 (the “Liquidity Rule”). The LRMP is designed to assess and manage each Fund’s liquidity risk, which is defined as the risk that the Fund could not meet requests to redeem shares issued by the Fund without significant dilution of remaining investors’ interests in the Fund. In accordance with the
Liquidity Rule, the LRMP includes policies and procedures that provide for: (1) assessment, management, and review (no less frequently than annually) of each Fund’s liquidity risk; (2) classification of each Fund’s portfolio holdings into one of four liquidity categories (Highly Liquid, Moderately Liquid, Less Liquid, and Illiquid); (3) for Funds that do not primarily hold assets that are Highly Liquid, establishing and maintaining a minimum percentage of the Fund’s net assets in Highly Liquid investments (called a “Highly Liquid Investment Minimum” or “HLIM”); and (4) prohibiting the Fund’s acquisition of Illiquid investments that would result in the Fund holding more than 15% of its net assets in Illiquid assets. The LRMP also requires reporting to the Securities and Exchange Commission (“SEC”) (on a non-public basis) and to the Board if the Fund’s holdings of Illiquid assets exceed 15% of the Fund’s net assets. Funds with HLIMs must have procedures for addressing HLIM shortfalls, including reporting to the Board and, with respect to HLIM shortfalls lasting more than seven consecutive calendar days, reporting to the SEC (on a non-public basis).
The Director of Liquidity Risk within the Investment Risk Management Group (the “IRMG”) is the appointed Administrator of the LRMP. The IRMG maintains the Investment Liquidity Committee (the “ILC”) to provide oversight and administration of policies and procedures governing liquidity risk management for Franklin Templeton and Legg Mason products and portfolios. The ILC includes representatives from Franklin Templeton’s Risk, Trading, Global Compliance, Legal, Investment Compliance, Investment Operations, Valuation Committee, Product Management and Global Product Strategy.
In assessing and managing each Fund’s liquidity risk, the ILC considers, as relevant, a variety of factors, including the Fund’s investment strategy and the liquidity of its portfolio investments during both normal and reasonably foreseeable stressed conditions; its short and long-term cash flow projections; and its cash holdings and access to other funding sources including the Funds’ interfund lending facility and line of credit. Classification of the Fund’s portfolio holdings in the four liquidity categories is based on the number of days it is reasonably expected to take to convert the investment to cash (for Highly Liquid and Moderately Liquid holdings) or sell or dispose of the investment (for Less Liquid and Illiquid investments), in current market conditions without significantly changing the investment’s market value.
Each Fund primarily holds liquid assets that are defined under the Liquidity Rule as “Highly Liquid Investments,” and
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therefore is not required to establish an HLIM. Highly Liquid Investments are defined as cash and any investment reasonably expected to be convertible to cash in current market conditions in three business days or less without the conversion to cash significantly changing the market value of the investment.
At meetings of the Funds’ Board of Trustees held in May 2023, the Program Administrator provided a written report to the Board addressing the adequacy and effectiveness of the program for the year ended December 31, 2022. The Program Administrator report concluded that (i.) the LRMP, as adopted and implemented, remains reasonably designed to assess and manage each Fund’s liquidity risk; (ii.) the LRMP, including the Highly Liquid Investment Minimum (“HLIM”) where applicable, was implemented and operated effectively to achieve the goal of assessing and managing each Fund’s liquidity risk; and (iii.) each Fund was able to meet requests for redemption without significant dilution of remaining investors’ interests in the Fund.
Proxy Voting Policies and Procedures
The Trust’s investment manager has established Proxy Voting Policies and Procedures (Policies) that the Trust uses to determine how to vote proxies relating to portfolio securities. Shareholders may view the Trust’s complete Policies online at franklintempleton.com. Alternatively, shareholders may request copies of the Policies free of charge by calling the Proxy Group collect at (954) 527-7678 or by sending a written request to: Franklin Templeton Companies, LLC, 300 S.E. 2nd Street, Fort Lauderdale, FL 33301, Attention: Proxy Group. Copies of the Trust’s proxy voting records are also made available online at franklintempleton.com and posted on the U.S. Securities and Exchange Commission’s website at sec.gov and reflect the most recent 12-month period ended June 30.
Quarterly Schedule of Investments
The Trust files a complete schedule of investments with the U.S. Securities and Exchange Commission for the first and third quarters for each fiscal year as an exhibit to its report on Form N-PORT. Shareholders may view the filed Form N-PORT by visiting the Commission’s website at sec.gov. The filed form may also be viewed and copied at the Commission’s Public Reference Room in Washington, DC. Information regarding the operations of the Public Reference Room may be obtained by calling (800) SEC-0330.
Premium/Discount Information
Information about the differences between the daily market price on the secondary market for the shares of each Fund and each Fund’s net asset value may be found on each Fund’s website at franklintempleton.com.
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Authorized for distribution only when accompanied or preceded by a summary prospectus and/or prospectus. Investors should carefully consider a fund’s investment goals, risks, charges and expenses before investing. A prospectus contains this and other information; please read it carefully before investing.
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