SEMIANNUAL REPORT
FRANKLIN TEMPLETON
ETF TRUST
September 30, 2021
Franklin FTSE Asia ex Japan ETF |
Franklin FTSE Japan ETF | |
Franklin FTSE Australia ETF |
Franklin FTSE Japan Hedged ETF | |
Franklin FTSE Brazil ETF |
Franklin FTSE Latin America ETF | |
Franklin FTSE Canada ETF |
Franklin FTSE Mexico ETF | |
Franklin FTSE China ETF |
Franklin FTSE Russia ETF | |
Franklin FTSE Europe ETF |
Franklin FTSE Saudi Arabia ETF | |
Franklin FTSE Europe Hedged ETF |
Franklin FTSE South Africa ETF | |
Franklin FTSE France ETF |
Franklin FTSE South Korea ETF | |
Franklin FTSE Germany ETF |
Franklin FTSE Switzerland ETF | |
Franklin FTSE Hong Kong ETF |
Franklin FTSE Taiwan ETF | |
Franklin FTSE India ETF |
Franklin FTSE United Kingdom ETF | |
Franklin FTSE Italy ETF |
Not FDIC Insured | | | May Lose Value | | | No Bank Guarantee |
Visit franklintempleton.com for fund updates and documents, or to find helpful financial planning tools.
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SEMIANNUAL REPORT
Global developed and emerging market equities, as measured by the FTSE All-World Index, posted gains for the six months ended September 30, 2021. Global equities benefited from the continued progress of vaccination programs for COVID-19, solid economic growth and a rebound in global trade. However, the Chinese government’s imposition of additional restrictions on some businesses pressured Asian and global emerging market stocks. The combination of increased consumer demand and persistent supply chain disruptions contributed to higher inflation in many countries. Additionally, the spread of the highly contagious Delta variant, which caused COVID-19 cases to rise even in some intensively vaccinated areas, pressured global equities during the six-month period.
In the U.S., the economy continued to recover amid declining unemployment, solid wage growth and high business confidence. GDP growth was robust, as strong consumer spending, driven by a surge in consumer demand, supported the economy. A rebound in corporate earnings and the U.S. Senate’s passage of a bipartisan infrastructure bill further bolstered investor sentiment. The U.S. Federal Reserve (Fed) kept the federal funds target rate at a record-low range of 0.00%–0.25% and continued its program of open-ended U.S. Treasury and mortgage bond purchases to help keep markets functioning. In its September 2021 meeting statement, the Fed indicated that it plans to soon reduce its purchases of U.S. Treasury and mortgage-backed securities but declined to provide a timetable. The Fed also maintained that it views inflation as partially transitory, and that further employment progress was needed before the Fed would consider raising the range for the federal funds target rate.
The eurozone economy showed signs of recovery, as quarter-over-quarter GDP increased in the second quarter of 2021 after contracting for the previous two quarters. Most of the eurozone’s largest economies posted improving growth rates, as increased vaccination rates helped consumer activity return to pre-pandemic levels. The fastest rate of business activity growth in more than a decade also helped European developed market equities, as measured by the FTSE Developed Europe Index, to advance during the six months under review. However, in September 2021, the annual inflation rate in the eurozone reached the highest level in 13 years, and the prospect of energy shortages as winter approaches tempered investor optimism.
Asian developed and emerging market equities, as measured by the FTSE Asia Pacific Index, declined during the six-month period. Although China continued to grow, its economy was pressured by higher commodity prices,
increased fuel costs and production disruption caused by government-mandated suspensions of power use. Asian equity markets experienced heightened volatility due to inflation concerns and rising COVID-19 infection rates in some countries. Unexpected regulatory changes by the Chinese government, which negatively impacted education- and technology-related businesses, and concerns about a large property developer’s solvency pressured Asian stocks late in the six-month period.
Global emerging market stocks, as measured by the FTSE Emerging Index, also declined during the six months under review. Higher COVID-19 cases in some countries, limited vaccine rollouts and concerns about rising interest rates and elevated inflation dampened investor enthusiasm in global emerging market equities. Investor concerns that problems in China’s highly indebted property development sector could affect other emerging markets further hurt returns.
The foregoing information reflects our analysis and opinions as of September 30, 2021. The information is not a complete analysis of every aspect of any market, country, industry, security or fund. Statements of fact are from sources considered reliable.
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Franklin FTSE Asia ex Japan ETF
This semiannual report for Franklin FTSE Asia ex Japan ETF covers the period ended September 30, 2021.
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 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 and in depositary receipts representing such securities.
Performance Overview
During the six-month period, the Fund posted cumulative total returns of -6.95% based on market price and -5.64% based on net asset value. In comparison, the FTSE Asia ex Japan Capped Index posted a -5.18% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 5.
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.
Investment Strategy
The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE Asia ex Japan Capped Index. We seek to achieve, over time, a correlation between the Fund’s performance, before fees and expenses, and that of the Underlying Index of 0.95 or better. A figure of 1.00 would indicate perfect correlation. Our intention is to replicate the component securities of the Underlying Index as closely as possible (i.e., invest in all of
Top 10 Sectors/Industries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
Semiconductors & Semiconductor Equipment |
10.2% | |||
Banks |
9.7% | |||
Interactive Media & Services |
7.0% | |||
Internet & Direct Marketing Retail |
7.0% | |||
Technology Hardware, Storage & Peripherals |
6.2% | |||
Insurance |
4.5% | |||
Automobiles |
3.5% | |||
Oil, Gas & Consumable Fuels |
3.4% | |||
Real Estate Management & Development |
3.1% | |||
Electronic Equipment, Instruments & Components |
3.0% |
the component securities in their respective weightings in the Underlying Index). However, under various circumstances, it may not be possible or practicable to replicate the Underlying Index. In these circumstances, we may use a “representative sampling” strategy whereby we would invest in what we believe to be a representative sample of the component securities of the Underlying Index, but may not track the Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire Underlying Index. Under the representative sampling technique, we will select securities that collectively have an investment profile similar to that of the Underlying Index, including securities that resemble those included in the Underlying Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
1. The FTSE Asia ex Japan 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 Asia ex Japan Capped Index 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 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.
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 Statement of Investments (SOI). The SOI begins on page 119.
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FRANKLIN FTSE ASIA EX JAPAN ETF
Top 10 Holdings | ||||
9/30/21 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Taiwan
Semiconductor Manufacturing Co. Ltd. Semiconductors & Semiconductor Equipment, Taiwan |
7.0% | |||
Tencent
Holdings Ltd. Interactive Media & Services, China |
5.0% | |||
Samsung
Electronics Co. Ltd. Technology Hardware, Storage & Peripherals, South Korea |
4.8% | |||
Alibaba Group
Holding Ltd. Internet & Direct Marketing Retail, China |
3.6% | |||
AIA Group
Ltd. Insurance, Hong Kong |
2.0% | |||
Meituan
Dianping, 144A Internet & Direct Marketing Retail, China |
1.7% | |||
Reliance
Industries Ltd. Oil, Gas & Consumable Fuels, India |
1.6% | |||
Infosys
Ltd. IT Services, India |
1.1% | |||
Hong Kong
Exchanges and Clearing Ltd. Capital Markets, Hong Kong |
1.1% | |||
China
Construction Bank Corp., A, H Banks, China |
1.0% |
Top 10 Countries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
China |
36.4% | |||
Taiwan |
16.6% | |||
India |
15.1% | |||
South Korea |
14.2% | |||
Hong Kong |
8.1% | |||
Singapore |
2.9% | |||
Thailand |
2.2% | |||
Malaysia |
1.8% | |||
Indonesia |
1.5% | |||
Philippines |
0.9% |
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
Portfolio Management Team
The foregoing information reflects our analysis, opinions and portfolio holdings as of September 30, 2021, the end of the reporting period. These opinions may not be relied upon as investment advice or an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Fund. Statements of fact are from sources considered reliable, but the investment manager makes no representation or warranty as to their completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.
CFA® is a trademark owned by CFA Institute.
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FRANKLIN FTSE ASIA EX JAPAN ETF
Performance Summary as of September 30, 2021
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 9/30/21
Cumulative Total Return1 | Average Annual Total Return1 | |||||||||||||||
Based on NAV2 |
Based on market price3 |
Based on NAV2 |
Based on market price3 |
|||||||||||||
6-Month |
-5.64% | -6.95% | -5.64% | -6.95% | ||||||||||||
1-Year |
+15.45% | +14.00% | +15.45% | +14.00% | ||||||||||||
3-Year |
+30.46% | +29.58% | +9.27% | +9.02% | ||||||||||||
Since Inception (2/6/18) |
+21.60% | +20.84% | +5.51% | +5.33% |
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 6 for Performance Summary footnotes.
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FRANKLIN FTSE ASIA EX JAPAN ETF
PERFORMANCE SUMMARY
Distributions (4/1/21–9/30/21)
Net
Investment Income |
$0.107678 |
Total Annual Operating Expenses4
0.19% |
All investments involve risks, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in developing markets involve heightened risks related to the same factors, in addition to those associated with these markets’ smaller size, lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets. Investments in securities of issuers in Asian countries involve risks that are specific to Asia, including certain legal, regulatory, political and economic risks. Because the Fund invests its assets primarily in companies in a specific country or region, the Fund may also experience greater volatility than a fund that is more broadly diversified geographically. Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance. The Fund’s prospectus also includes a description of the main investment risks.
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. 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.
2. Assumes reinvestment of distributions based on net asset value.
3. Assumes reinvestment of distributions based on market price.
4. 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. In periods of market volatility, assets may decline significantly, causing total annual Fund operating expenses to become higher than the figures shown.
See www.franklintempletondatasources.com for additional data provider information.
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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 x $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 4/1/21 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Net Annualized Expense Ratio2 |
|||||||||||||||||
$1,000.00 | $ | 943.60 | $ | 0.93 | $ | 1,024.12 | $ | 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 183/365 to reflect the one-half year period.
2. Reflects expenses after fee waivers and expense reimbursements.
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This semiannual report for Franklin FTSE Australia ETF covers the period ended September 30, 2021.
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 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 and in depositary receipts representing such securities.
Performance Overview
During the six-month period, the Fund posted cumulative total returns of +1.90% based on market price and +3.86% based on net asset value. In comparison, the FTSE Australia Capped Index posted a +3.91% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 10.
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.
Investment Strategy
The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE Australia Capped Index. We seek to achieve, over time, a correlation between the Fund’s performance, before fees and expenses, and that of the Underlying Index of 0.95 or better. A figure of 1.00 would indicate perfect correlation. Our intention is to replicate the component securities of the Underlying Index as closely as possible (i.e., invest in all of the component securities in their respective weightings in the
Top 10 Sectors/Industries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
Banks |
25.6% | |||
Metals & Mining |
14.6% | |||
Biotechnology |
7.4% | |||
Equity Real Estate Investment Trusts (REITs) |
6.4% | |||
Capital Markets |
4.8% | |||
Food & Staples Retailing |
4.6% | |||
Multiline Retail |
3.6% | |||
Transportation Infrastructure |
3.6% | |||
Oil, Gas & Consumable Fuels |
3.3% | |||
Hotels, Restaurants & Leisure |
3.3% |
Underlying Index). However, under various circumstances, it may not be possible or practicable to replicate the Underlying Index. In these circumstances, we may use a “representative sampling” strategy whereby we would invest in what we believe to be a representative sample of the component securities of the Underlying Index, but may not track the Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire Underlying Index. Under the representative sampling technique, we will select securities that collectively have an investment profile similar to that of the Underlying Index, including securities that resemble those included in the Underlying Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
1. The FTSE Australia 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 Australia Capped Index 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.
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 Statement of Investments (SOI). The SOI begins on page 156.
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FRANKLIN FTSE AUSTRALIA ETF
Top 10 Holdings | ||||
9/30/21 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Commonwealth
Bank of Australia Banks, Australia |
10.2% | |||
CSL
Ltd. Biotechnology, Australia |
7.4% | |||
BHP Group
Ltd. Metals & Mining, Australia |
6.1% | |||
Westpac Banking
Corp. Banks, Australia |
5.3% | |||
National
Australia Bank Ltd. Banks, Australia |
5.1% | |||
Australia & New Zealand Banking Group
Ltd. Banks, Australia |
4.4% | |||
Wesfarmers
Ltd. Multiline Retail, Australia |
3.5% | |||
Macquarie Group
Ltd. Capital Markets, Australia |
3.3% | |||
Woolworths
Group Ltd. Food & Staples Retailing, Australia |
2.8% | |||
Goodman
Group Equity Real Estate Investment Trusts (REITs), Australia |
2.2% |
Thank you for your participation in Franklin FTSE Australia ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Portfolio Management Team
The foregoing information reflects our analysis, opinions and portfolio holdings as of September 30, 2021, the end of the reporting period. These opinions may not be relied upon as investment advice or an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Fund. Statements of fact are from sources considered reliable, but the investment manager makes no representation or warranty as to their completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.
franklintempleton.com |
Semiannual Report |
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FRANKLIN FTSE AUSTRALIA ETF
Performance Summary as of September 30, 2021
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 9/30/21
Cumulative Total Return1 | Average Annual Total Return1 | |||||||||||||||
Based on NAV2 |
Based on market price3 |
Based on NAV2 |
Based on market price3 |
|||||||||||||
6-Month |
+3.86% | +1.90% | +3.86% | +1.90% | ||||||||||||
1-Year |
+31.80% | +28.86% | +31.80% | +28.86% | ||||||||||||
3-Year |
+31.48% | +30.26% | +9.55% | +9.21% | ||||||||||||
Since Inception (11/2/17) |
+34.04% | +31.79% | +7.78% | +7.32% |
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 11 for Performance Summary footnotes.
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FRANKLIN FTSE AUSTRALIA ETF
PERFORMANCE SUMMARY
Distributions (4/1/21–9/30/21)
Net
Investment Income |
$0.523552 |
Total Annual Operating Expenses4
0.09% |
All investments involve risks, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in securities of Australian issuers involve risks that are specific to Australia, including certain legal, regulatory, political and economic risks. Because the Fund invests its assets primarily in companies in a specific country or region, the Fund may also experience greater volatility than a fund that is more broadly diversified geographically. As a non-diversified fund, the Fund 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. Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance. The Fund’s prospectus also includes a description of the main investment risks.
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. 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.
2. Assumes reinvestment of distributions based on net asset value.
3. Assumes reinvestment of distributions based on market price.
4. 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. In periods of market volatility, assets may decline significantly, causing total annual Fund operating expenses to become higher than the figures shown.
See www.franklintempletondatasources.com for additional data provider information.
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Semiannual Report |
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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 x $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 4/1/21 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Net Annualized Expense Ratio2 |
|||||||||||||||||
$1,000.00 | $ | 1,038.60 | $ | 0.46 | $ | 1,024.62 | $ | 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 183/365 to reflect the one-half year period.
2. Reflects expenses after fee waivers and expense reimbursements.
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This semiannual report for Franklin FTSE Brazil ETF covers the period ended September 30, 2021.
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 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 and in depositary receipts representing such securities.
Performance Overview
During the six-month period, the Fund posted cumulative total returns of -1.92% based on market price and -1.43% based on net asset value. In comparison, the FTSE Brazil Capped Index posted a -1.32% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 15.
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.
Investment Strategy
The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE Brazil Capped Index. We seek to achieve, over time, a correlation between the Fund’s performance, before fees and expenses, and that of the Underlying Index of 0.95 or better. A figure of 1.00 would indicate perfect correlation. Our intention is to replicate the component securities of the Underlying Index as closely as possible (i.e., invest in all of the component securities in their respective weightings in the Underlying Index). However, under various circumstances, it
Top 10 Sectors/Industries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
Banks |
17.2% | |||
Metals & Mining |
17.1% | |||
Oil, Gas & Consumable Fuels |
13.9% | |||
Electric Utilities |
5.5% | |||
Health Care Providers & Services |
4.5% | |||
Capital Markets |
4.5% | |||
Multiline Retail |
3.4% | |||
Food Products |
3.3% | |||
Road & Rail |
3.0% | |||
Beverages |
3.0% |
may not be possible or practicable to replicate the Underlying Index. In these circumstances, we may use a “representative sampling” strategy whereby we would invest in what we believe to be a representative sample of the component securities of the Underlying Index, but may not track the Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire Underlying Index. Under the representative sampling technique, we will select securities that collectively have an investment profile similar to that of the Underlying Index, including securities that resemble those included in the Underlying Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
1. The FTSE Brazil 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 Brazil Capped Index 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.
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 Statement of Investments (SOI). The SOI begins on page 160.
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FRANKLIN FTSE BRAZIL ETF
Top 10 Holdings | ||||
9/30/21 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Vale
SA |
13.3% | |||
Petroleo
Brasileiro SA Oil, Gas & Consumable Fuels, Brazil |
6.7% | |||
Itau Unibanco
Holding SA Banks, Brazil |
6.1% | |||
Petroleo
Brasileiro SA Oil, Gas & Consumable Fuels, Brazil |
4.6% | |||
Banco Bradesco
SA Banks, Brazil |
4.3% | |||
B3 SA – Brasil
Bolsa Balcao Capital Markets, Brazil |
3.4% | |||
Ambev
SA Beverages, Brazil |
3.0% | |||
WEG
SA Electrical Equipment, Brazil |
2.6% | |||
Itausa
SA Banks, Brazil |
2.2% | |||
Natura & Co. Holding SA Personal Products, Brazil |
1.9% |
Thank you for your participation in Franklin FTSE Brazil ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Portfolio Management Team
The foregoing information reflects our analysis, opinions and portfolio holdings as of September 30, 2021, the end of the reporting period. These opinions may not be relied upon as investment advice or an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Fund. Statements of fact are from sources considered reliable, but the investment manager makes no representation or warranty as to their completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.
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FRANKLIN FTSE BRAZIL ETF
Performance Summary as of September 30, 2021
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 9/30/21
Cumulative Total Return1 | Average Annual Total Return1 | |||||||||||||||
Based on NAV2 |
Based on market price3 |
Based on NAV2 |
Based on market price3 |
|||||||||||||
6-Month |
-1.43% | -1.92% | -1.43% | -1.92% | ||||||||||||
1-Year |
+21.46% | +20.24% | +21.46% | +20.24% | ||||||||||||
3-Year |
+4.14% | +5.26% | +1.36% | +1.72% | ||||||||||||
Since Inception (11/3/17) |
-6.92% | -7.08% | -1.82% | -1.86% |
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 16 for Performance Summary footnotes.
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Semiannual Report |
15 |
FRANKLIN FTSE BRAZIL ETF
PERFORMANCE SUMMARY
Distributions (4/1/21–9/30/21)
Net Investment Income |
$0.408162 |
Total Annual Operating Expenses4
0.19% |
All investments involve risks, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sector, or general market conditions. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in developing markets involve heightened risks related to the same factors, in addition to those associated with these markets’ smaller size, lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets. The Brazilian economy has experienced in the past, and may continue to experience, periods of high inflation rates and political unrest. Investments in securities of Brazilian issuers involve risks that are specific to Brazil, including certain legal, regulatory, political and economic risks. Because the Fund invests its assets primarily in companies in a specific country or region, the Fund may also experience greater volatility than a fund that is more broadly diversified geographically. As a non-diversified fund, the Fund 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. Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance. The Fund’s prospectus also includes a description of the main investment risks.
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. 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.
2. Assumes reinvestment of distributions based on net asset value.
3. Assumes reinvestment of distributions based on market price.
4. 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. In periods of market volatility, assets may decline significantly, causing total annual Fund operating expenses to become higher than the figures shown.
See www.franklintempletondatasources.com for additional data provider information.
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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 x $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 4/1/21 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Net Annualized Expense Ratio2 |
|||||||||||||||||
$1,000.00 | $ | 985.70 | $ | 0.95 | $ | 1,024.12 | $ | 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 183/365 to reflect the one-half year period.
2. Reflects expenses after fee waivers and expense reimbursements.
franklintempleton.com |
Semiannual Report |
17 |
This semiannual report for Franklin FTSE Canada ETF covers the period ended September 30, 2021.
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 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 and in depositary receipts representing such securities.
Performance Overview
During the six-month period, the Fund posted cumulative total returns of +7.89% based on market price and +7.85% based on net asset value. In comparison, the FTSE Canada Capped Index posted a +7.76% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 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.
Investment Strategy
The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE Canada Capped Index. We seek to achieve, over time, a correlation between the Fund’s performance, before fees and expenses, and that of the Underlying Index of 0.95 or better. A figure of 1.00 would indicate perfect correlation. Our intention is to replicate the component securities of the Underlying Index as closely as possible (i.e., invest in all of the component securities in their respective weightings in the
Top 10 Sectors/Industries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
Banks |
29.0% | |||
Oil, Gas & Consumable Fuels |
14.5% | |||
IT Services |
10.4% | |||
Insurance |
7.5% | |||
Road & Rail |
6.8% | |||
Metals & Mining |
6.0% | |||
Capital Markets |
4.6% | |||
Food & Staples Retailing |
3.7% | |||
Chemicals |
2.3% | |||
Commercial Services & Supplies |
2.0% |
Underlying Index). However, under various circumstances, it may not be possible or practicable to replicate the Underlying Index. In these circumstances, we may use a “representative sampling” strategy whereby we would invest in what we believe to be a representative sample of the component securities of the Underlying Index, but may not track the Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire Underlying index. Under the representative sampling technique, we will select securities that collectively have an investment profile similar to that of the Underlying Index, including securities that resemble those included in the Underlying Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
1. The FTSE Canada 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 Canada Capped Index 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.
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 Statement of Investments (SOI). The SOI begins on page 164.
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FRANKLIN FTSE CANADA ETF
Top 10 Holdings | ||||
9/30/21 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Shopify Inc., A IT Services, Canada |
9.3% | |||
Royal Bank of Canada Banks, Canada |
8.6% | |||
The Toronto-Dominion Bank Banks, Canada |
7.3% | |||
Enbridge Inc. Oil, Gas & Consumable Fuels, Canada |
4.9% | |||
The Bank of Nova Scotia Banks, Canada |
4.6% | |||
Brookfield Asset Management Inc., A Capital Markets, Canada |
4.4% | |||
Canadian National Railway Co. Road & Rail, Canada |
4.2% | |||
Bank of Montreal Banks, Canada |
3.9% | |||
Canadian Imperial Bank of Commerce Banks, Canada |
3.0% | |||
TC Energy Corp. Oil, Gas & Consumable Fuels, Canada |
2.9% |
Thank you for your participation in Franklin FTSE Canada ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Portfolio Management Team
The foregoing information reflects our analysis, opinions and portfolio holdings as of September 30, 2021, the end of the reporting period. These opinions may not be relied upon as investment advice or an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Fund. Statements of fact are from sources considered reliable, but the investment manager makes no representation or warranty as to their completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.
franklintempleton.com |
Semiannual Report |
19 |
FRANKLIN FTSE CANADA ETF
Performance Summary as of September 30, 2021
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 9/30/21
Cumulative Total Return1 | Average Annual Total Return1 | |||||||||||||||
Based on NAV2 |
Based on market price3 |
Based on NAV2 |
Based on market price3 |
|||||||||||||
6-Month |
+7.85% | +7.89% | +7.85% | +7.89% | ||||||||||||
1-Year |
+35.40% | +35.38% | +35.40% | +35.38% | ||||||||||||
3-Year |
+40.08% | +40.44% | +11.89% | +11.99% | ||||||||||||
Since Inception (11/2/17) |
+42.33% | +42.81% | +9.45% | +9.54% |
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.
See page 21 for Performance Summary footnotes.
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FRANKLIN FTSE CANADA ETF
PERFORMANCE SUMMARY
Distributions (4/1/21–9/30/21)
Net
Investment Income |
$0.238872 |
Total Annual Operating Expenses4
0.09% |
All investments involve risks, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in securities of Canadian issuers involve risks that are specific to Canada, including certain legal, regulatory, political and economic risks. Because the Fund invests its assets primarily in companies in a specific country or region, the Fund may also experience greater volatility than a fund that is more broadly diversified geographically. As a non-diversified fund, the Fund 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. Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance. The Fund’s prospectus also includes a description of the main investment risks.
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. 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.
2. Assumes reinvestment of distributions based on net asset value.
3. Assumes reinvestment of distributions based on market price.
4. 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. In periods of market volatility, assets may decline significantly, causing total annual Fund operating expenses to become higher than the figures shown.
See www.franklintempletondatasources.com for additional data provider information.
franklintempleton.com |
Semiannual Report |
21 |
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 x $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 4/1/21 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Net Annualized Expense Ratio2 |
|||||||||||||||||
$1,000.00 | $ | 1,078.50 | $ | 0.47 | $ | 1,024.62 | $ | 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 183/365 to reflect the one-half year period.
2. Reflects expenses after fee waivers and expense reimbursements.
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This semiannual report for Franklin FTSE China ETF covers the period ended September 30, 2021.
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 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 and in depositary receipts representing such securities.
Performance Overview
During the six-month period, the Fund posted cumulative total returns of -17.09% based on market price and -15.98% based on net asset value. In comparison, the FTSE China Capped Index posted a -15.98% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 25.
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.
Investment Strategy
The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE China Capped Index. We seek to achieve, over time, a correlation between the Fund’s performance, before fees and expenses, and that of the Underlying Index of 0.95 or better. A figure of 1.00 would indicate perfect correlation. Our intention is to replicate the component securities of the Underlying Index as closely as possible (i.e., invest in all of the component securities in
Top 10 Sectors/Industries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
Internet & Direct Marketing Retail |
18.6% | |||
Interactive Media & Services |
16.0% | |||
Banks |
9.3% | |||
Automobiles |
5.5% | |||
Real Estate Management & Development |
3.7% | |||
Insurance |
3.3% | |||
Life Sciences Tools & Services |
2.8% | |||
Beverages |
2.6% | |||
Textiles, Apparel & Luxury Goods |
2.5% | |||
Capital Markets |
2.2% |
their respective weightings in the Underlying Index). However, under various circumstances, it may not be possible or practicable to replicate the Underlying Index. In these circumstances, we may use a “representative sampling” strategy whereby we would invest in what we believe to be a representative sample of the component securities of the Underlying Index, but may not track the Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire Underlying Index. Under the representative sampling technique, we will select securities that collectively have an investment profile similar to that of the Underlying Index, including securities that resemble those included in the Underlying Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
1. The FTSE China 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 China Capped Index 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.
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 Statement of Investments (SOI). The SOI begins on page 167.
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FRANKLIN FTSE CHINA ETF
Top 10 Holdings | ||||
9/30/21 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Tencent
Holdings Ltd. |
13.4% | |||
Alibaba Group
Holding Ltd. Internet & Direct Marketing Retail, China |
9.8% | |||
Meituan
Dianping, 144A Internet & Direct Marketing Retail, China |
4.6% | |||
China
Construction Bank Corp., H Banks, China |
2.5% | |||
WuXi Biologics
(Cayman) Inc., 144A Life Sciences Tools & Services, China |
2.0% | |||
NIO Inc.,
ADR Automobiles, China |
1.7% | |||
JD.com Inc.,
A Internet & Direct Marketing Retail, China |
1.7% | |||
Industrial and
Commercial Bank of China Ltd., H Banks, China |
1.7% | |||
Baidu Inc.,
ADR Interactive Media & Services, China |
1.6% | |||
Ping An
Insurance Group Co. of China Ltd., H Insurance, China |
1.5% |
Thank you for your participation in Franklin FTSE China ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Portfolio Management Team
The foregoing information reflects our analysis, opinions and portfolio holdings as of September 30, 2021, the end of the reporting period. These opinions may not be relied upon as investment advice or an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Fund. Statements of fact are from sources considered reliable, but the investment manager makes no representation or warranty as to their completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.
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FRANKLIN FTSE CHINA ETF
Performance Summary as of September 30, 2021
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 9/30/21
Cumulative Total Return1 | Average Annual Total Return1 | |||||||||||||||
Based on NAV2 |
Based on market price3 |
Based on NAV2 |
Based on market price3 |
|||||||||||||
6-Month |
-15.98% | -17.09% | -15.98% | -17.09% | ||||||||||||
1-Year |
-6.57% | -7.54% | -6.57% | -7.54% | ||||||||||||
3-Year |
+20.45% | +20.78% | +6.40% | +6.50% | ||||||||||||
Since Inception (11/2/17) |
+12.39% | +12.26% | +3.03% | +3.00% |
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 26 for Performance Summary footnotes.
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FRANKLIN FTSE CHINA ETF
PERFORMANCE SUMMARY
Distributions (4/1/21–9/30/21)
Net
Investment Income |
$0.024514 |
Total Annual Operating Expenses4
0.19% |
All investments involve risks, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in developing markets involve heightened risks related to the same factors, in addition to those associated with these markets’ smaller size, lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets. China may be subject to considerable degrees of economic, political and social instability. Investments in securities of Chinese issuers involve risks that are specific to China, including certain legal, regulatory, political and economic risks. Because the Fund invests its assets primarily in companies in a specific country or region, the Fund may also experience greater volatility than a fund that is more broadly diversified geographically. As a non-diversified fund, the Fund 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. Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance. The Fund’s prospectus also includes a description of the main investment risks.
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. 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.
2. Assumes reinvestment of distributions based on net asset value.
3. Assumes reinvestment of distributions based on market price.
4. 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. In periods of market volatility, assets may decline significantly, causing total annual Fund operating expenses to become higher than the figures shown.
See www.franklintempletondatasources.com for additional data provider information.
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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 x $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 4/1/21 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Net Annualized Expense Ratio2 |
|||||||||||||||||
$1,000.00 | $ | 840.20 | $ | 0.88 | $ | 1,024.12 | $ | 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 183/365 to reflect the one-half year period.
2. Reflects expenses after fee waivers and expense reimbursements.
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27 |
This semiannual report for Franklin FTSE Europe ETF covers the period ended September 30, 2021.
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 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 and in depositary receipts representing such securities.
Performance Overview
During the six-month period, the Fund posted cumulative total returns of +5.83% based on market price and +5.95% based on net asset value. In comparison, the FTSE Developed Europe Capped Index posted a +5.85% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 30.
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.
Investment Strategy
The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE Developed Europe Capped Index. We seek to achieve, over time, a correlation between the Fund’s performance, before fees and expenses, and that of the Underlying Index of 0.95 or better. A figure of 1.00 would indicate perfect correlation. Our intention is to replicate the component securities of the Underlying Index as closely as possible (i.e., invest in all of
Top 10 Sectors/Industries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
Pharmaceuticals |
9.8% | |||
Banks |
7.3% | |||
Insurance |
4.9% | |||
Oil, Gas & Consumable Fuels |
4.6% | |||
Textiles, Apparel & Luxury Goods |
4.5% | |||
Food Products |
4.2% | |||
Chemicals |
3.8% | |||
Semiconductors & Semiconductor Equipment |
3.6% | |||
Machinery |
3.1% | |||
Capital Markets |
2.7% |
the component securities in their respective weightings in the Underlying Index). However, under various circumstances, it may not be possible or practicable to replicate the Underlying Index. In these circumstances, we may use a “representative sampling” strategy whereby we would invest in what we believe to be a representative sample of the component securities of the Underlying Index, but may not track the Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire Underlying Index. Under the representative sampling technique, we will select securities that collectively have an investment profile similar to that of the Underlying Index, including securities that resemble those included in the Underlying Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
1. The FTSE Developed Europe 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 Developed Europe Capped Index 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.
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 Statement of Investments (SOI). The SOI begins on page 189.
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FRANKLIN FTSE EUROPE ETF
Top 10 Holdings | ||||
9/30/21 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Nestle
SA Food Products, Switzerland |
3.0% | |||
ASML Holding
NV Semiconductors & Semiconductor Equipment, Netherlands |
2.6% | |||
Roche Holding
AG, Non-Voting Pharmaceuticals, Switzerland |
|
2.3% |
| |
AstraZeneca
PLC Pharmaceuticals, United Kingdom |
1.7% | |||
LVMH Moet
Hennessy Louis Vuitton SE Textiles, Apparel & Luxury Goods, France |
1.6% | |||
Novartis
AG Pharmaceuticals, Switzerland |
1.5% | |||
Novo Nordisk
AS, B Pharmaceuticals, Denmark |
1.4% | |||
SAP
SE Software, Germany |
1.3% | |||
Unilever
PLC Personal Products, United Kingdom |
1.2% | |||
Siemens
AG Industrial Conglomerates, Germany |
1.1% |
Top 10 Countries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
United Kingdom |
19.5% | |||
France |
15.9% | |||
Switzerland |
15.1% | |||
Germany |
13.7% | |||
Netherlands |
9.1% | |||
Sweden |
5.7% | |||
Denmark |
3.9% | |||
Spain |
3.8% | |||
Italy |
3.4% | |||
Finland |
2.2% |
Thank you for your participation in Franklin FTSE Europe ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Portfolio Management Team
The foregoing information reflects our analysis, opinions and portfolio holdings as of September 30, 2021, the end of the reporting period. These opinions may not be relied upon as investment advice or an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Fund. Statements of fact are from sources considered reliable, but the investment manager makes no representation or warranty as to their completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.
franklintempleton.com |
Semiannual Report |
29 |
FRANKLIN FTSE EUROPE ETF
Performance Summary as of September 30, 2021
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 9/30/21
Cumulative Total Return1 | Average Annual Total Return1 | |||||||||||||||
Based on NAV2 |
Based on market price3 |
Based on NAV2 |
Based on market price3 |
|||||||||||||
6-Month |
+5.95% | +5.83% | +5.95% | +5.83% | ||||||||||||
1-Year |
+27.60% | +27.72% | +27.60% | +27.72% | ||||||||||||
3-Year |
+26.62% | +26.81% | +8.19% | +8.24% | ||||||||||||
Since Inception (11/2/17) |
+25.86% | +25.83% | +6.06% | +6.05% |
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 31 for Performance Summary footnotes.
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FRANKLIN FTSE EUROPE ETF
PERFORMANCE SUMMARY
Distributions (4/1/21–9/30/21)
Net
Investment Income |
$0.650603 |
Total Annual Operating Expenses4
0.09% |
All investments involve risks, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in securities of issuers in European countries involve risks that are specific to Europe, including certain legal, regulatory, political and economic risks. Because the Fund invests its assets primarily in companies in a specific country or region, the Fund may also experience greater volatility than a fund that is more broadly diversified geographically. Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance. The Fund’s prospectus also includes a description of the main investment risks.
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. 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.
2. Assumes reinvestment of distributions based on net asset value.
3. Assumes reinvestment of distributions based on market price.
4. 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. In periods of market volatility, assets may decline significantly, causing total annual Fund operating expenses to become higher than the figures shown.
See www.franklintempletondatasources.com for additional data provider information.
franklintempleton.com |
Semiannual Report |
31 |
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 x $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 4/1/21 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Net Annualized Expense Ratio2 |
|||||||||||||||||
$1,000.00 | $ | 1,059.50 | $ | 0.46 | $ | 1,024.62 | $ | 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 183/365 to reflect the one-half year period.
2. Reflects expenses after fee waivers and expense reimbursements.
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Franklin FTSE Europe Hedged ETF
This semiannual report for Franklin FTSE Europe Hedged ETF covers the period ended September 30, 2021.
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 Hedged to USD Index (the FTSE Developed Europe Capped Hedged 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 Developed Europe Capped Hedged Index and in depositary receipts representing such securities, including indirectly through Franklin FTSE Europe ETF (Underlying Fund).
Performance Overview
During the six-month period, the Fund posted cumulative total returns of +7.05% based on market price and +7.65% based on net asset value. In comparison, the FTSE Developed Europe Capped Hedged Index posted a +7.57% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 35.
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.
Investment Strategy
The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE Developed Europe Capped Hedged Index. We seek to achieve, over
Top 10 Sectors/Industries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
Pharmaceuticals |
9.8% | |||
Banks |
7.3% | |||
Insurance |
4.9% | |||
Oil, Gas & Consumable Fuels |
4.6% | |||
Textiles, Apparel & Luxury Goods |
4.5% | |||
Food Products |
4.2% | |||
Chemicals |
3.8% | |||
Semiconductors & Semiconductor Equipment |
3.6% | |||
Machinery |
3.1% | |||
Capital Markets |
2.7% |
time, a correlation between the Fund’s performance, before fees and expenses, and that of the Underlying Index of 0.95 or better. A figure of 1.00 would indicate perfect correlation. Our intention is to replicate the component securities of the Underlying Index as closely as possible (i.e., invest in all of the component securities in their respective weightings in the Underlying Index). However, under various circumstances, it may not be possible or practicable to replicate the Underlying Index. In these circumstances, we may use a “representative sampling” strategy whereby we would invest in what we believe to be a representative sample of the component securities of the Underlying Index, but may not track the Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire Underlying Index. Under the representative sampling technique, we will select securities that collectively have an investment profile similar to that of the Underlying Index, including securities that resemble those included in the Underlying Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. We intend to enter into monthly foreign currency forward contracts and/or currency futures contracts designed to offset the Fund’s
1. The FTSE Developed Europe Capped Hedged 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 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.
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.
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 Statement of Investments (SOI). The SOI begins on page 203.
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FRANKLIN FTSE EUROPE HEDGED ETF
Top 10 Holdings | ||||
9/30/21 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Nestle
SA Food Products, Switzerland |
3.0% | |||
ASML Holding
NV Semiconductors & Semiconductor Equipment, Netherlands |
2.6% | |||
Roche Holding
AG Pharmaceuticals, Switzerland |
2.2% | |||
AstraZeneca
PLC Pharmaceuticals, United Kingdom |
1.7% | |||
LVMH Moet
Hennessy Louis Vuitton SE Textiles, Apparel & Luxury Goods, France |
1.6% | |||
Novartis
AG Pharmaceuticals, Switzerland |
1.5% | |||
Novo Nordisk
AS, B Pharmaceuticals, Denmark |
1.4% | |||
SAP
SE Software, Germany |
1.3% | |||
Unilever
PLC Personal Products, United Kingdom |
1.2% | |||
Siemens
AG Industrial Conglomerates, Germany |
1.1% |
exposure to the component currencies, in order to replicate the hedge impact incorporated in the calculation of the Underlying Index. The Fund’s exposure to foreign currency forward contracts and currency futures contracts is based on the aggregate exposure of the Fund to the component currencies. The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
Top 10 Countries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
United Kingdom |
19.5% | |||
France |
15.8% | |||
Switzerland |
15.3% | |||
Germany |
13.7% | |||
Netherlands |
9.2% | |||
Sweden |
5.7% | |||
Denmark |
3.9% | |||
Spain |
3.8% | |||
Italy |
3.4% | |||
Finland |
2.2% |
Thank you for your participation in Franklin FTSE Europe Hedged ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Portfolio Management Team
The foregoing information reflects our analysis, opinions and portfolio holdings as of September 30, 2021, the end of the reporting period. These opinions may not be relied upon as investment advice or an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Fund. Statements of fact are from sources considered reliable, but the investment manager makes no representation or warranty as to their completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.
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FRANKLIN FTSE EUROPE HEDGED ETF
Performance Summary as of September 30, 2021
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 9/30/21
Cumulative Total Return1 | Average Annual Total Return1 | |||||||||||||||
Based on NAV2 |
Based on market price3 |
Based on NAV2 |
Based on market price3 |
|||||||||||||
6-Month |
+7.65% | +7.05% | +7.65% | +7.05% | ||||||||||||
1-Year |
+28.37% | +28.09% | +28.37% | +28.09% | ||||||||||||
3-Year |
+32.21% | +32.76% | +9.75% | +9.91% | ||||||||||||
Since Inception (11/2/17) |
+34.37% | +34.54% | +7.85% | +7.88% |
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 36 for Performance Summary footnotes.
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FRANKLIN FTSE EUROPE HEDGED ETF
PERFORMANCE SUMMARY
Distributions (4/1/21–9/30/21)
Net
Investment Income |
$0.145441 |
Total Annual Operating Expenses4
0.09% |
All investments involve risks, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in securities of issuers in European countries involve risks that are specific to Europe, including certain legal, regulatory, political and economic risks. Because the Fund invests its assets primarily in companies in a specific country or region, the Fund may also experience greater volatility than a fund that is more broadly diversified geographically. Derivatives, including currency management strategies, involve costs and can create economic leverage in the portfolio which may result in significant volatility and cause the Fund to participate in losses on an amount that exceeds the Fund’s initial investment. The Fund may not achieve the anticipated benefits, and may realize losses when a counterparty fails to perform as promised. 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. The Fund’s exposure to the currencies may not be hedged at all times. Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance. The Fund’s prospectus also includes a description of the main investment risks.
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. 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.
2. Assumes reinvestment of distributions based on net asset value.
3. Assumes reinvestment of distributions based on market price.
4. 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. In periods of market volatility, assets may decline significantly, causing total annual Fund operating expenses to become higher than the figures shown.
See www.franklintempletondatasources.com for additional data provider information.
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FRANKLIN FTSE EUROPE 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 x $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 4/1/21 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Net Annualized Expense Ratio2 |
|||||||||||||||||
$1,000.00 | $ | 1,076.50 | $ | 0.47 | $ | 1,024.62 | $ | 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 183/365 to reflect the one-half year period.
2. Reflects expenses after fee waivers and expense reimbursements.
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37 |
This semiannual report for Franklin FTSE France ETF covers the period ended September 30, 2021.
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.
Performance Overview
During the six-month period, the Fund posted cumulative total returns of +6.82% based on market price and +6.98% based on net asset value. In comparison, the FTSE France Capped Index posted a +6.64% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 40.
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.
Investment Strategy
The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE France Capped Index. We seek to achieve, over time, a correlation between the Fund’s performance, before fees and expenses, and that of the Underlying Index of 0.95 or better. A figure of 1.00 would indicate perfect correlation. Our intention is to replicate the component securities of the Underlying Index as closely as possible (i.e., invest in all of the component securities in their respective weightings in the
Top 10 Sectors/Industries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
Textiles, Apparel & Luxury Goods |
18.1% | |||
Aerospace & Defense |
7.1% | |||
Electrical Equipment |
6.4% | |||
Oil, Gas & Consumable Fuels |
6.3% | |||
Banks |
6.1% | |||
Pharmaceuticals |
5.9% | |||
Personal Products |
5.4% | |||
Chemicals |
4.5% | |||
IT Services |
3.8% | |||
Construction & Engineering |
3.8% |
Underlying Index). However, under various circumstances, it may not be possible or practicable to replicate the Underlying Index. In these circumstances, we may use a “representative sampling” strategy whereby we would invest in what we believe to be a representative sample of the component securities of the Underlying Index, but may not track the Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire Underlying Index. Under the representative sampling technique, we will select securities that collectively have an investment profile similar to that of the Underlying Index, including securities that resemble those included in the Underlying Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
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 measure 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.
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 Statement of Investments (SOI). The SOI begins on page 218.
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FRANKLIN FTSE FRANCE ETF
Top 10 Holdings | ||||
9/30/21 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
LVMH Moet
Hennessy Louis Vuitton SE Textiles, Apparel & Luxury Goods, France |
9.8% | |||
TotalEnergies
SE Oil, Gas & Consumable Fuels, France |
6.3% | |||
Sanofi Pharmaceuticals, France |
5.7% | |||
L’Oreal
SA Personal Products, France |
5.4% | |||
Schneider
Electric SE Electrical Equipment, France |
4.8% | |||
Air Liquide
SA Chemicals, France |
4.1% | |||
Airbus
SE Aerospace & Defense, France |
4.0% | |||
BNP Paribas
SA Banks, France |
3.8% | |||
EssilorLuxottica SA Textiles, Apparel & Luxury Goods, France |
3.1% | |||
AXA
SA Insurance, France |
2.9% |
Thank you for your participation in Franklin FTSE France ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Portfolio Management Team
The foregoing information reflects our analysis, opinions and portfolio holdings as of September 30, 2021, the end of the reporting period. These opinions may not be relied upon as investment advice or an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Fund. Statements of fact are from sources considered reliable, but the investment manager makes no representation or warranty as to their completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.
franklintempleton.com |
Semiannual Report |
39 |
FRANKLIN FTSE FRANCE ETF
Performance Summary as of September 30, 2021
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 9/30/21
Cumulative Total Return1 | Average Annual Total Return1 | |||||||||||||||
Based on NAV2 |
Based on market price3 |
Based on NAV2 |
Based on market price3 |
|||||||||||||
6-Month |
+6.98% | +6.82% | +6.98% | +6.82% | ||||||||||||
1-Year |
+33.26% | +33.17% | +33.26% | +33.17% | ||||||||||||
3-Year |
+24.84% | +24.97% | +7.68% | +7.71% | ||||||||||||
Since Inception (11/2/17) |
+28.87% | +28.93% | +6.70% | +6.72% |
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 41 for Performance Summary footnotes.
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FRANKLIN FTSE FRANCE ETF
PERFORMANCE SUMMARY
Distributions (4/1/21–9/30/21)
Net
Investment Income |
$0.363865 |
Total Annual Operating Expenses4
0.09% |
All investments involve risks, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in securities of French issuers involve risks that are specific to France, including certain legal, regulatory, political and economic risks. Because the Fund invests its assets primarily in companies in a specific country or region, the Fund may also experience greater volatility than a fund that is more broadly diversified geographically. As a non-diversified fund, the Fund 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. Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance. The Fund’s prospectus also includes a description of the main investment risks.
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. 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.
2. Assumes reinvestment of distributions based on net asset value.
3. Assumes reinvestment of distributions based on market price.
4. 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. In periods of market volatility, assets may decline significantly, causing total annual Fund operating expenses to become higher than the figures shown.
See www.franklintempletondatasources.com for additional data provider information.
franklintempleton.com |
Semiannual Report |
41 |
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 x $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 4/1/21 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Net Annualized Expense Ratio2 |
|||||||||||||||||
$1,000.00 | $ | 1,069.80 | $ | 0.47 | $ | 1,024.62 | $ | 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 183/365 to reflect the one-half year period.
2. Reflects expenses after fee waivers and expense reimbursements.
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This semiannual report for Franklin FTSE Germany ETF covers the period ended September 30, 2021.
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 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 and in depositary receipts representing such securities.
Performance Overview
During the six-month period, the Fund posted cumulative total returns of +0.53% based on market price and +0.62% based on net asset value. In comparison, the FTSE Germany Capped Index posted a +0.39% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 45.
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.
Investment Strategy
The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE Germany Capped Index. We seek to achieve, over time, a correlation between the Fund’s performance, before fees and expenses, and that of the Underlying Index of 0.95 or better. A figure of 1.00 would indicate perfect correlation. Our intention is to replicate the component securities of the Underlying Index as closely as possible (i.e., invest in all of the component securities in their respective weightings in the
Top 10 Sectors/Industries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
Automobiles |
11.1% | |||
Software |
10.1% | |||
Insurance |
9.1% | |||
Industrial Conglomerates |
8.1% | |||
Chemicals |
7.5% | |||
Pharmaceuticals |
5.2% | |||
Diversified Telecommunication Services |
4.6% | |||
Textiles, Apparel & Luxury Goods |
4.5% | |||
Real Estate Management & Development |
4.3% | |||
Air Freight & Logistics |
3.9% |
Underlying Index). However, under various circumstances, it may not be possible or practicable to replicate the Underlying Index. In these circumstances, we may use a “representative sampling” strategy whereby we would invest in what we believe to be a representative sample of the component securities of the Underlying Index, but may not track the Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire Underlying Index. Under the representative sampling technique, we will select securities that collectively have an investment profile similar to that of the Underlying Index, including securities that resemble those included in the Underlying Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
1. The FTSE Germany 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 Germany Capped Index 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.
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 Statement of Investments (SOI). The SOI begins on page 221.
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FRANKLIN FTSE GERMANY ETF
Top 10 Holdings | ||||
9/30/21 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
SAP
SE Software, Germany |
9.5% | |||
Siemens
AG Industrial Conglomerates, Germany |
7.8% | |||
Allianz
SE Insurance, Germany |
5.9% | |||
Daimler
AG Automobiles, Germany |
4.7% | |||
BASF
SE Chemicals, Germany |
4.4% | |||
Deutsche
Telekom AG Diversified Telecommunication Services, Germany |
4.1% | |||
Deutsche Post
AG Air Freight & Logistics, Germany |
3.9% | |||
adidas
AG Textiles, Apparel & Luxury Goods, Germany |
3.8% | |||
Infineon
Technologies AG Semiconductors & Semiconductor Equipment, Germany |
3.4% | |||
Bayer
AG Pharmaceuticals, Germany |
3.4% |
Thank you for your participation in Franklin FTSE Germany ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Portfolio Management Team
The foregoing information reflects our analysis, opinions and portfolio holdings as of September 30, 2021, the end of the reporting period. These opinions may not be relied upon as investment advice or an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Fund. Statements of fact are from sources considered reliable, but the investment manager makes no representation or warranty as to their completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.
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FRANKLIN FTSE GERMANY ETF
Performance Summary as of September 30, 2021
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 9/30/21
Cumulative Total Return1 | Average Annual Total Return1 | |||||||||||||||
Based on NAV2 |
Based on market price3 |
Based on NAV2 |
Based on market price3 |
|||||||||||||
6-Month |
+0.62% | +0.53% | +0.62% | +0.53% | ||||||||||||
1-Year |
+16.81% | +16.50% | +16.81% | +16.50% | ||||||||||||
3-Year |
+20.94% | +21.17% | +6.54% | +6.61% | ||||||||||||
Since Inception (11/2/17) |
+10.84% | +10.76% | +2.67% | +2.65% |
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 46 for Performance Summary footnotes.
franklintempleton.com |
Semiannual Report |
45 |
FRANKLIN FTSE GERMANY ETF
PERFORMANCE SUMMARY
Distributions (4/1/21–9/30/21)
Net Investment Income |
$0.428858 |
Total Annual Operating Expenses4
0.09% |
All investments involve risks, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in securities of German issuers involve risks that are specific to Germany, including certain legal, regulatory, political and economic risks. Because the Fund invests its assets primarily in companies in a specific country or region, the Fund may also experience greater volatility than a fund that is more broadly diversified geographically. As a non-diversified fund, the Fund 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. Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance. The Fund’s prospectus also includes a description of the main investment risks.
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. 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.
2. Assumes reinvestment of distributions based on net asset value.
3. Assumes reinvestment of distributions based on market price.
4. 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. In periods of market volatility, assets may decline significantly, causing total annual Fund operating expenses to become higher than the figures shown.
See www.franklintempletondatasources.com for additional data provider information.
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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 x $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 4/1/21 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Net Annualized Expense Ratio2 |
|||||||||||||||||
$1,000.00 | $ | 1,006.20 | $ | 0.45 | $ | 1,024.62 | $ | 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 183/365 to reflect the one-half year period.
2. Reflects expenses after fee waivers and expense reimbursements.
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47 |
This semiannual report for Franklin FTSE Hong Kong ETF covers the period ended September 30, 2021.
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 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 and in depositary receipts representing such securities.
Performance Overview
During the six-month period, the Fund posted cumulative total returns of -8.67% based on market price and -7.70% based on net asset value. In comparison, the FTSE Hong Kong Capped Index posted a -7.74% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 50.
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.
Investment Strategy
The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE Hong Kong Capped Index. We seek to achieve, over time, a correlation between the Fund’s performance, before fees and expenses, and that of the Underlying Index of 0.95 or better. A figure of 1.00 would indicate perfect correlation. Our intention is to replicate the component securities of the Underlying Index as closely as possible (i.e., invest in all of the component securities
Top 10 Sectors/Industries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
Insurance |
20.2% | |||
Real Estate Management & Development |
15.5% | |||
Capital Markets |
14.3% | |||
Industrial Conglomerates |
5.5% | |||
Electric Utilities |
4.9% | |||
Banks |
4.7% | |||
Machinery |
4.5% | |||
Hotels, Restaurants & Leisure |
4.2% | |||
Equity Real Estate Investment Trusts (REITs) |
3.4% | |||
Food Products |
3.1% |
in their respective weightings in the Underlying Index). However, under various circumstances, it may not be possible or practicable to replicate the Underlying Index. In these circumstances, we may use a “representative sampling” strategy whereby we would invest in what we believe to be a representative sample of the component securities of the Underlying Index, but may not track the Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire Underlying Index. Under the representative sampling technique, we will select securities that collectively have an investment profile similar to that of the Underlying Index, including securities that resemble those included in the Underlying Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
1. The FTSE Hong Kong 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 Hong Kong Capped Index 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.
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 Statement of Investments (SOI). The SOI begins on page 225.
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Top 10 Holdings | ||||
9/30/21 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
AIA Group Ltd. Insurance, Hong Kong |
20.2% | |||
Hong Kong Exchanges and Clearing Ltd. Capital Markets, Hong Kong |
14.1% | |||
Techtronic Industries Co. Ltd. Machinery, Hong Kong |
4.5% | |||
CK Hutchison Holdings Ltd. Industrial Conglomerates, United Kingdom |
3.2% | |||
Sun Hung Kai Properties Ltd. Real Estate Management & Development, Hong Kong |
3.2% | |||
Link REIT Equity Real Estate Investment Trusts (REITs), Hong Kong |
3.2% | |||
BeiGene Ltd. Biotechnology, China |
3.1% | |||
Hong Kong and China Gas Co. Ltd. Gas Utilities, Hong Kong |
2.9% | |||
CLP Holdings Ltd. Electric Utilities, Hong Kong |
2.9% | |||
Hang Seng Bank Ltd. Banks, Hong Kong |
2.2% |
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
Portfolio Management Team
The foregoing information reflects our analysis, opinions and portfolio holdings as of September 30, 2021, the end of the reporting period. These opinions may not be relied upon as investment advice or an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Fund. Statements of fact are from sources considered reliable, but the investment manager makes no representation or warranty as to their completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.
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FRANKLIN FTSE HONG KONG ETF
Performance Summary as of September 30, 2021
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 9/30/21
Cumulative Total Return1 | Average Annual Total Return1 | |||||||||||||||
Based on NAV2 |
Based on market price3 |
Based on NAV2 |
Based on market price3 |
|||||||||||||
6-Month |
-7.70% | -8.67% | -7.70% | -8.67% | ||||||||||||
1-Year |
+16.21% | +15.02% | +16.21% | +15.02% | ||||||||||||
3-Year |
+11.74% | +11.30% | +3.77% | +3.63% | ||||||||||||
Since Inception (11/2/17) |
+12.16% | +11.93% | +2.98% | +2.93% |
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 51 for Performance Summary footnotes.
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FRANKLIN FTSE HONG KONG ETF
PERFORMANCE SUMMARY
Distributions (4/1/21–9/30/21)
Net Investment Income |
$0.264326 |
Total Annual Operating Expenses4
0.09% |
All investments involve risks, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in securities of Hong Kong issuers involve risks that are specific to Hong Kong, including certain legal, regulatory, political and economic risks. Because the Fund invests its assets primarily in companies in a specific country or region, the Fund may also experience greater volatility than a fund that is more broadly diversified geographically. As a non-diversified fund, the Fund 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. Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance. The Fund’s prospectus also includes a description of the main investment risks.
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. 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.
2. Assumes reinvestment of distributions based on net asset value.
3. Assumes reinvestment of distributions based on market price.
4. 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. In periods of market volatility, assets may decline significantly, causing total annual Fund operating expenses to become higher than the figures shown.
See www.franklintempletondatasources.com for additional data provider information.
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Semiannual Report |
51 |
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 x $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 4/1/21 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Net Annualized Expense Ratio2 |
|||||||||||||||||
$1,000.00 | $ | 923.00 | $ | 0.43 | $ | 1,024.62 | $ | 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 183/365 to reflect the one-half year period.
2. Reflects expenses after fee waivers and expense reimbursements.
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This semiannual report for Franklin FTSE India ETF covers the period ended September 30, 2021.
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 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 and in depositary receipts representing such securities.
Performance Overview
During the six-month period, the Fund posted cumulative total returns of +17.15% based on market price and +18.52% based on net asset value. In comparison, the FTSE India Capped Index posted a +21.15% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 55.
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.
Investment Strategy
The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE India Capped Index. We seek to achieve, over time, a correlation between the Fund’s performance, before fees and expenses, and that of the Underlying Index of 0.95 or better. A figure of 1.00 would indicate perfect correlation. Our intention is to replicate the component securities of the Underlying Index as closely as possible (i.e., invest in all of the component securities in
Top 10 Sectors/Industries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
IT Services |
17.4% | |||
Oil, Gas & Consumable Fuels |
13.0% | |||
Thrifts & Mortgage Finance |
6.4% | |||
Banks |
5.9% | |||
Automobiles |
4.5% | |||
Chemicals |
4.4% | |||
Pharmaceuticals |
4.2% | |||
Metals & Mining |
4.1% | |||
Consumer Finance |
3.8% | |||
Construction Materials |
3.2% |
their respective weightings in the Underlying Index). However, under various circumstances, it may not be possible or practicable to replicate the Underlying Index. In these circumstances, we may use a “representative sampling” strategy whereby we would invest in what we believe to be a representative sample of the component securities of the Underlying Index, but may not track the Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire Underlying Index. Under the representative sampling technique, we will select securities that collectively have an investment profile similar to that of the Underlying Index, including securities that resemble those included in the Underlying Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
1. The FTSE India 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 India Capped Index 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.
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 Statement of Investments (SOI). The SOI begins on page 229.
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FRANKLIN FTSE INDIA ETF
Top 10 Holdings | ||||
9/30/21 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Reliance
Industries Ltd. Oil, Gas & Consumable Fuels, India |
10.0% | |||
Infosys
Ltd. IT Services, India |
7.7% | |||
Housing
Development Finance Corp. Ltd. Thrifts & Mortgage Finance, India |
6.1% | |||
Tata
Consultancy Services Ltd. IT Services, India |
5.0% | |||
Hindustan
Unilever Ltd. Household Products, India |
3.1% | |||
Bajaj Finance
Ltd. Consumer Finance, India |
2.3% | |||
Axis Bank
Ltd. Banks, India |
2.2% | |||
Bharti Airtel
Ltd. Wireless Telecommunication Services, India |
2.0% | |||
Asian Paints
Ltd. Chemicals, India |
1.9% | |||
HCL
Technologies Ltd. IT Services, India |
1.8% |
Thank you for your participation in Franklin FTSE India ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Portfolio Management Team
The foregoing information reflects our analysis, opinions and portfolio holdings as of September 30, 2021, the end of the reporting period. These opinions may not be relied upon as investment advice or an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Fund. Statements of fact are from sources considered reliable, but the investment manager makes no representation or warranty as to their completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.
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FRANKLIN FTSE INDIA ETF
Performance Summary as of September 30, 2021
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 9/30/21
Cumulative Total Return1 | Average Annual Total Return1 | |||||||||||||||
Based on NAV2 |
Based on market price3 |
Based on NAV2 |
Based on market price3 |
|||||||||||||
6-Month |
+18.52% | +17.15% | +18.52% | +17.15% | ||||||||||||
1-Year |
+49.09% | +47.51% | +49.09% | +47.51% | ||||||||||||
3-Year |
+55.36% | +55.06% | +15.82% | +15.75% | ||||||||||||
Since Inception (2/6/18) |
+42.15% | +42.01% | +10.13% | +10.10% |
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 56 for Performance Summary footnotes.
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FRANKLIN FTSE INDIA ETF
PERFORMANCE SUMMARY
Distributions (4/1/21–9/30/21)
Net
Investment Income |
$0.045733 |
Total Annual Operating Expenses4
0.19% |
All investments involve risks, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in developing markets involve heightened risks related to the same factors, in addition to those associated with these markets’ smaller size, lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets. There are special risks associated with investments in India, including exposure to currency fluctuations, less liquidity, expropriation, confiscatory taxation, and exchange control regulations (including currency blockage). Investments in securities of Indian issuers involve risks that are specific to India, including certain legal, regulatory, political and economic risks. Because the Fund invests its assets primarily in companies in a specific country or region, the Fund may also experience greater volatility than a fund that is more broadly diversified geographically. As a non-diversified fund, the Fund 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. Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance. The Fund’s prospectus also includes a description of the main investment risks.
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. 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.
2. Assumes reinvestment of distributions based on net asset value.
3. Assumes reinvestment of distributions based on market price.
4. 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. In periods of market volatility, assets may decline significantly, causing total annual Fund operating expenses to become higher than the figures shown.
See www.franklintempletondatasources.com for additional data provider information.
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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 x $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 4/1/21 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Net Annualized Expense Ratio2 |
|||||||||||||||||
$1,000.00 | $ | 1,185.20 | $ | 1.04 | $ | 1,024.12 | $ | 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 183/365 to reflect the one-half year period.
2. Reflects expenses after fee waivers and expense reimbursements.
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This semiannual report for Franklin FTSE Italy ETF covers the period ended September 30, 2021.
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.
Performance Overview
During the six-month period, the Fund posted cumulative total returns of +2.23% based on market price and +2.58% based on net asset value. In comparison, the FTSE Italy Capped Index posted a +2.43% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 60.
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.
Investment Strategy
The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE Italy Capped Index. We seek to achieve, over time, a correlation between the Fund’s performance, before fees and expenses, and that of the Underlying Index of 0.95 or better. A figure of 1.00 would indicate perfect correlation. Our intention is to replicate the component securities of the Underlying Index as closely as possible (i.e., invest in all of the component securities in their respective weightings in the Underlying Index). However,
Top 10 Sectors/Industries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
Banks |
20.7% | |||
Electric Utilities |
14.4% | |||
Automobiles |
13.4% | |||
Oil, Gas & Consumable Fuels |
7.1% | |||
Insurance |
6.7% | |||
Machinery |
5.0% | |||
Gas Utilities |
3.9% | |||
IT Services |
3.9% | |||
Textiles, Apparel & Luxury Goods |
3.1% | |||
Diversified Financial Services |
2.9% |
under various circumstances, it may not be possible or practicable to replicate the Underlying Index. In these circumstances, we may use a “representative sampling” strategy whereby we would invest in what we believe to be a representative sample of the component securities of the Underlying Index, but may not track the Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire Underlying Index. Under the representative sampling technique, we will select securities that collectively have an investment profile similar to that of the Underlying Index, including securities that resemble those included in the Underlying Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
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.
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 Statement of Investments (SOI). The SOI begins on page 234.
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FRANKLIN FTSE ITALY ETF
Top 10 Holdings | ||||
9/30/21 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Enel
SpA |
11.8% | |||
Intesa Sanpaolo
SpA Banks, Italy |
9.6% | |||
Stellantis
NV Automobiles, United States |
8.0% | |||
Eni
SpA Oil, Gas & Consumable Fuels, Italy |
7.1% | |||
UniCredit
SpA Banks, Italy |
6.2% | |||
Ferrari
NV Automobiles, Italy |
5.5% | |||
Assicurazioni
Generali SpA Insurance, Italy |
4.8% | |||
CNH Industrial
NV Machinery, United Kingdom |
3.7% | |||
Moncler
SpA Textiles, Apparel & Luxury Goods, Italy |
3.1% | |||
Snam
SpA Gas Utilities, Italy |
3.1% |
Thank you for your participation in Franklin FTSE Italy ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Portfolio Management Team
The foregoing information reflects our analysis, opinions and portfolio holdings as of September 30, 2021, the end of the reporting period. These opinions may not be relied upon as investment advice or an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Fund. Statements of fact are from sources considered reliable, but the investment manager makes no representation or warranty as to their completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.
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FRANKLIN FTSE ITALY ETF
Performance Summary as of September 30, 2021
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 9/30/21
Cumulative Total Return1 | Average Annual Total Return1 | |||||||||||||||
Based on NAV2 |
Based on market price3 |
Based on NAV2 |
Based on market price3 |
|||||||||||||
6-Month |
+2.58% | +2.23% | +2.58% | +2.23% | ||||||||||||
1-Year |
+32.40% | +32.03% | +32.40% | +32.03% | ||||||||||||
3-Year |
+26.26% | +26.35% | +8.08% | +8.11% | ||||||||||||
Since Inception (11/2/17) |
+17.04% | +16.86% | +4.11% | +4.07% |
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 61 for Performance Summary footnotes.
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FRANKLIN FTSE ITALY ETF
PERFORMANCE SUMMARY
Distributions (4/1/21–9/30/21)
Net
Investment Income |
$0.416084 |
Total Annual Operating Expenses4
0.09% |
All investments involve risks, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in securities of Italian issuers involve risks that are specific to Italy, including certain legal, regulatory, political and economic risks. Because the Fund invests its assets primarily in companies in a specific country or region, the Fund may also experience greater volatility than a fund that is more broadly diversified geographically. As a non-diversified fund, the Fund 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. Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance. The Fund’s prospectus also includes a description of the main investment risks.
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. 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.
2. Assumes reinvestment of distributions based on net asset value.
3. Assumes reinvestment of distributions based on market price.
4. 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. In periods of market volatility, assets may decline significantly, causing total annual Fund operating expenses to become higher than the figures shown.
See www.franklintempletondatasources.com for additional data provider information.
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61 |
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 x $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 4/1/21 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Net Annualized Expense Ratio2 |
|||||||||||||||||
$1,000.00 | $ | 1,025.80 | $ | 0.46 | $ | 1,024.62 | $ | 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 183/365 to reflect the one-half year period.
2. Reflects expenses after fee waivers and expense reimbursements.
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This semiannual report for Franklin FTSE Japan ETF covers the period ended September 30, 2021.
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 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 and in depositary receipts representing such securities.
Performance Overview
During the six-month period, the Fund posted cumulative total returns of +2.90% based on market price and +3.81% based on net asset value. In comparison, the FTSE Japan Capped Index posted a +3.87% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 65.
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.
Investment Strategy
The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE Japan Capped Index. We seek to achieve, over time, a correlation between the Fund’s performance, before fees and expenses, and that of the Underlying Index of 0.95 or better. A figure of 1.00 would indicate perfect correlation. Our intention is to replicate the component securities of the Underlying Index as closely as possible (i.e., invest in all of the component securities in their respective weightings in the Underlying Index).
Top 10 Sectors/Industries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
Automobiles |
7.2% | |||
Electronic Equipment, Instruments & Components |
5.8% | |||
Pharmaceuticals |
5.5% | |||
Machinery |
5.2% | |||
Banks |
4.7% | |||
Household Durables |
4.5% | |||
Chemicals |
4.5% | |||
Wireless Telecommunication Services |
3.6% | |||
Trading Companies & Distributors |
3.5% | |||
Health Care Equipment & Supplies |
3.2% |
However, under various circumstances, it may not be possible or practicable to replicate the Underlying Index. In these circumstances, we may use a “representative sampling” strategy whereby we would invest in what we believe to be a representative sample of the component securities of the Underlying Index, but may not track the Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire Underlying Index. Under the representative sampling technique, we will select securities that collectively have an investment profile similar to that of the Underlying Index, including securities that resemble those included in the Underlying Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
1. The FTSE Japan 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 Japan Capped Index 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.
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 Statement of Investments (SOI). The SOI begins on page 236.
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Top 10 Holdings | ||||
9/30/21 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Toyota Motor
Corp. Automobiles, Japan |
4.7% | |||
Sony
Corp. Household Durables, Japan |
2.9% | |||
Keyence
Corp. Electronic Equipment, Instruments & Components, Japan |
2.3% | |||
Recruit
Holdings Co. Ltd. Professional Services, Japan |
1.7% | |||
SoftBank Group
Corp. Wireless Telecommunication Services, Japan |
1.7% | |||
Mitsubishi UFJ
Financial Group Inc. Banks, Japan |
1.6% | |||
Shin-Etsu
Chemical Co. Ltd. Chemicals, Japan |
1.4% | |||
Tokyo Electron
Ltd. Semiconductors & Semiconductor Equipment, Japan |
1.4% | |||
Daikin
Industries Ltd. Building Products, Japan |
1.2% | |||
KDDI
Corp. Wireless Telecommunication Services, Japan |
1.2% |
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
Portfolio Management Team
The foregoing information reflects our analysis, opinions and portfolio holdings as of September 30, 2021, the end of the reporting period. These opinions may not be relied upon as investment advice or an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Fund. Statements of fact are from sources considered reliable, but the investment manager makes no representation or warranty as to their completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.
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FRANKLIN FTSE JAPAN ETF
Performance Summary as of September 30, 2021
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 9/30/21
Cumulative Total Return1 | Average Annual Total Return1 | |||||||||||||||
Based on NAV2 |
Based on market price3 |
Based on NAV2 |
Based on market price3 |
|||||||||||||
6-Month |
+3.81% | +2.90% | +3.81% | +2.90% | ||||||||||||
1-Year |
+21.66% | +20.53% | +21.66% | +20.53% | ||||||||||||
3-Year |
+23.37% | +22.95% | +7.25% | +7.13% | ||||||||||||
Since Inception (11/2/17) |
+28.07% | +27.64% | +6.53% | +6.44% |
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.
See page 66 for Performance Summary footnotes.
franklintempleton.com |
Semiannual Report |
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FRANKLIN FTSE JAPAN ETF
PERFORMANCE SUMMARY
Distributions (4/1/21–9/30/21)
Net
Investment Income |
$0.393526 |
Total Annual Operating Expenses4
0.09% |
All investments involve risks, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in securities of Japanese issuers involve risks that are specific to Japan, including certain legal, regulatory, political and economic risks. Because the Fund invests its assets primarily in companies in a specific country or region, the Fund may also experience greater volatility than a fund that is more broadly diversified geographically. Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance. The Fund’s prospectus also includes a description of the main investment risks.
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. 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.
2. Assumes reinvestment of distributions based on net asset value.
3. Assumes reinvestment of distributions based on market price.
4. 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. In periods of market volatility, assets may decline significantly, causing total annual Fund operating expenses to become higher than the figures shown.
See www.franklintempletondatasources.com for additional data provider information.
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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 x $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 4/1/21 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Net Annualized Expense Ratio2 |
|||||||||||||||||
$1,000.00 | $ | 1,038.10 | $ | 0.46 | $ | 1,024.62 | $ | 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 183/365 to reflect the one-half year period.
2. Reflects expenses after fee waivers and expense reimbursements.
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Semiannual Report |
67 |
Franklin FTSE Japan Hedged ETF
This semiannual report for Franklin FTSE Japan Hedged ETF covers the period ended September 30, 2021.
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 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 and in depositary receipts representing such securities, including indirectly through Franklin FTSE Japan ETF (Underlying Fund).
Performance Overview
During the six-month period, the Fund posted cumulative total returns of +3.98% based on market price and +4.79% based on net asset value. In comparison, the FTSE Japan Capped Hedged Index posted a +4.89% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 70.
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.
Investment Strategy
The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE Japan Capped Hedged Index. We seek to achieve, over time, a correlation between the Fund’s performance, before fees and expenses, and that of the Underlying Index of 0.95 or better. A figure of 1.00 would indicate perfect correlation.
Top 10 Sectors/Industries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
Automobiles |
7.2% | |||
Electronic Equipment, Instruments & Components |
5.8% | |||
Pharmaceuticals |
5.4% | |||
Machinery |
5.2% | |||
Banks |
4.7% | |||
Household Durables |
4.5% | |||
Chemicals |
4.5% | |||
Wireless Telecommunication Services |
3.6% | |||
Trading Companies & Distributors |
3.5% | |||
Health Care Equipment & Supplies |
3.2% |
Our intention is to replicate the component securities of the Underlying Index as closely as possible (i.e., invest in all of the component securities in their respective weightings in the Underlying Index). However, under various circumstances, it may not be possible or practicable to replicate the Underlying Index. In these circumstances, we may use a “representative sampling” strategy whereby we would invest in what we believe to be a representative sample of the component securities of the Underlying Index, but may not track the Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire Underlying Index. Under the representative sampling technique, we will select securities that collectively have an investment profile similar to that of the Underlying Index, including securities that resemble those included in the Underlying Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. We intend to enter into monthly foreign currency forward contracts and/or currency futures contracts designed to offset the Fund’s exposure to the Japanese yen, in order to replicate the hedge impact incorporated in the calculation of the Underlying Index. The Fund’s exposure to foreign currency forward contracts and currency futures contracts is based on
1. The FTSE Japan Capped Hedged 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 Japan Capped Hedged Index 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 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.
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 Statement of Investments (SOI). The SOI begins on page 247.
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Top 10 Holdings | ||||
9/30/21 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Toyota Motor
Corp. Automobiles, Japan |
4.7% | |||
Sony
Corp. Household Durables, Japan |
3.0% | |||
Keyence
Corp. Electronic Equipment, Instruments & Components, Japan |
2.3% | |||
Recruit
Holdings Co. Ltd. Professional Services, Japan |
1.7% | |||
SoftBank Group
Corp. Wireless Telecommunication Services, Japan |
1.7% | |||
Mitsubishi UFJ
Financial Group Inc. Banks, Japan |
1.6% | |||
Shin-Etsu
Chemical Co. Ltd. Chemicals, Japan |
1.4% | |||
Tokyo Electron
Ltd. Semiconductors & Semiconductor Equipment, Japan |
1.4% | |||
Daikin
Industries Ltd. Building Products, Japan |
1.2% | |||
Hoya
Corp. Health Care Equipment & Supplies, Japan |
1.2% |
the aggregate exposure of the Fund to the Japanese yen. The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
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
Portfolio Management Team
The foregoing information reflects our analysis, opinions and portfolio holdings as of September 30, 2021, the end of the reporting period. These opinions may not be relied upon as investment advice or an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Fund. Statements of fact are from sources considered reliable, but the investment manager makes no representation or warranty as to their completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.
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FRANKLIN FTSE JAPAN HEDGED ETF
Performance Summary as of September 30, 2021
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 9/30/21
Cumulative Total Return1 | Average Annual Total Return1 | |||||||||||||||
Based on NAV2 |
Based on market price3 |
Based on NAV2 |
Based on market price3 |
|||||||||||||
6-Month |
+4.79% | +3.98% | +4.79% | +3.98% | ||||||||||||
1-Year |
+28.67% | +27.43% | +28.67% | +27.43% | ||||||||||||
3-Year |
+25.15% | +24.65% | +7.77% | +7.62% | ||||||||||||
Since Inception (11/2/17) |
+31.46% | +31.17% | +7.25% | +7.19% |
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.
See page 71 for Performance Summary footnotes.
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PERFORMANCE SUMMARY
Total Annual Operating Expenses4
0.09% |
All investments involve risks, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in securities of Japanese issuers involve risks that are specific to Japan, including certain legal, regulatory, political and economic risks. Because the Fund invests its assets primarily in companies in a specific country or region, the Fund may also experience greater volatility than a fund that is more broadly diversified geographically. Derivatives, including currency management strategies, involve costs and can create economic leverage in the portfolio, which may result in significant volatility and cause the Fund to participate in losses on an amount that exceeds the Fund’s initial investment. The Fund may not achieve the anticipated benefits, and may realize losses when a counterparty fails to perform as promised. 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 currency-related derivatives will not perfectly offset the actual fluctuations between the currencies and the U.S. dollar. The Fund’s exposure to the currencies may not be hedged at all times. Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance. The Fund’s prospectus also includes a description of the main investment risks.
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. 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.
2. Assumes reinvestment of distributions based on net asset value.
3. Assumes reinvestment of distributions based on market price.
4. 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. In periods of market volatility, assets may decline significantly, causing total annual Fund operating expenses to become higher than the figures shown.
See www.franklintempletondatasources.com for additional data provider information.
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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 x $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 4/1/21 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Net Annualized Expense Ratio2 |
|||||||||||||||||
$1,000.00 | $ | 1,047.90 | $ | 0.46 | $ | 1,024.62 | $ | 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 183/365 to reflect the one-half year period.
2. Reflects expenses after fee waivers and expense reimbursements.
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Franklin FTSE Latin America ETF
This semiannual report for Franklin FTSE Latin America ETF covers the period ended September 30, 2021.
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 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 and in depositary receipts representing such securities.
Performance Overview
During the six-month period, the Fund posted cumulative total returns of -0.85% based on market price and -0.67% based on net asset value. In comparison, the FTSE Latin America Capped Index posted a -0.60% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 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.
Investment Strategy
The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE Latin America Capped Index. We seek to achieve, over time, a correlation between the Fund’s performance, before fees and expenses, and that of the Underlying Index of 0.95 or better. A figure of 1.00 would indicate perfect correlation. Our intention is to replicate the component securities of the Underlying Index as
Top 10 Sectors/Industries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
Banks |
18.4% | |||
Metals & Mining |
13.7% | |||
Oil, Gas & Consumable Fuels |
10.3% | |||
Beverages |
5.9% | |||
Food & Staples Retailing |
4.7% | |||
Electric Utilities |
4.6% | |||
Wireless Telecommunication Services |
4.6% | |||
Food Products |
3.7% | |||
Capital Markets |
3.0% | |||
Health Care Providers & Services |
2.9% |
closely as possible (i.e., invest in all of the component securities in their respective weightings in the Underlying Index). However, under various circumstances, it may not be possible or practicable to replicate the Underlying Index. In these circumstances, we may use a “representative sampling” strategy whereby we would invest in what we believe to be a representative sample of the component securities of the Underlying Index, but may not track the Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire Underlying Index. Under the representative sampling technique, we will select securities that collectively have an investment profile similar to that of the Underlying Index, including securities that resemble those included in the Underlying Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
1. The FTSE Latin America 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 Latin America Capped Index is based on the FTSE Latin America Index and is designed to measure the 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.
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 Statement of Investments (SOI). The SOI begins on page 258.
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Top 10 Holdings | ||||
9/30/21 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Vale
SA Metals & Mining, Brazil |
8.8% | |||
Petroleo
Brasileiro SA Oil, Gas & Consumable Fuels, Brazil |
7.5% | |||
Itau Unibanco
Holding SA Banks, Brazil |
4.5% | |||
America Movil
SAB de CV, L Wireless Telecommunication Services, Mexico |
4.2% | |||
Banco Bradesco
SA Banks, Brazil |
3.6% | |||
Grupo
Financiero Banorte SAB de CV Banks, Mexico |
3.0% | |||
Wal-Mart de Mexico SAB de CV,
V Food & Staples Retailing, Mexico |
2.8% | |||
Fomento
Economico Mexicano SAB de CV Beverages, Mexico |
2.5% | |||
B3 SA – Brasil
Bolsa Balcao Capital Markets, Brazil |
2.3% | |||
Grupo Mexico
SAB de CV, B Metals & Mining, Mexico |
2.0% |
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
Portfolio Management Team
The foregoing information reflects our analysis, opinions and portfolio holdings as of September 30, 2021, the end of the reporting period. These opinions may not be relied upon as investment advice or an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Fund. Statements of fact are from sources considered reliable, but the investment manager makes no representation or warranty as to their completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.
Country Composition | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
Brazil |
63.8% | |||
Mexico |
25.9% | |||
Chile |
6.3% | |||
Colombia |
2.7% | |||
United States |
1.0% |
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FRANKLIN FTSE LATIN AMERICA ETF
Performance Summary as of September 30, 2021
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 9/30/21
Cumulative Total Return1 | Average Annual Total Return1 | |||||||||||||||
Based on NAV2 |
Based on market price3 |
Based on NAV2 |
Based on market price3 |
|||||||||||||
6-Month |
-0.67% | -0.85% | -0.67% | -0.85% | ||||||||||||
1-Year |
+27.19% | +26.23% | +27.19% | +26.23% | ||||||||||||
Since Inception (10/9/18) |
-9.60% | -9.29% | -3.33% | -3.23% |
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 76 for Performance Summary footnotes.
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FRANKLIN FTSE LATIN AMERICA ETF
PERFORMANCE SUMMARY
Distributions (4/1/21–9/30/21)
Net
Investment Income |
$0.306940 |
Total Annual Operating Expenses4
0.19% |
All investments involve risks, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in developing markets involve heightened risks related to the same factors, in addition to those associated with these markets’ smaller size, lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets. Investments in securities of issuers in Latin American countries involve risks that are specific to Latin America, including certain legal, regulatory, political and economic risks. Because the Fund invests its assets primarily in companies in a specific country or region, the Fund may also experience greater volatility than a fund that is more broadly diversified geographically. Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance. The Fund’s prospectus also includes a description of the main investment risks.
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. 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.
2. Assumes reinvestment of distributions based on net asset value.
3. Assumes reinvestment of distributions based on market price.
4. 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. In periods of market volatility, assets may decline significantly, causing total annual Fund operating expenses to become higher than the figures shown.
See www.franklintempletondatasources.com for additional data provider information.
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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 x $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 4/1/21 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Net Annualized Expense Ratio2 |
|||||||||||||||||
$1,000.00 | $ | 993.30 | $ | 0.95 | $ | 1,024.12 | $ | 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 183/365 to reflect the one-half year period.
2. Reflects expenses after fee waivers and expense reimbursements.
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This semiannual report for Franklin FTSE Mexico ETF covers the period ended September 30, 2021.
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 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 and in depositary receipts representing such securities.
Performance Overview
During the six-month period, the Fund posted cumulative total returns of +9.94% based on market price and +10.80% based on net asset value. In comparison, the FTSE Mexico Capped Index posted a +10.69% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 80.
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.
Investment Strategy
The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE Mexico Capped Index. We seek to achieve, over time, a correlation between the Fund’s performance, before fees and expenses, and that of the Underlying Index of 0.95 or better. A figure of 1.00 would indicate perfect correlation. Our intention is to replicate the component securities of the Underlying Index as closely as possible (i.e., invest in all of the component securities in their respective weightings in the Underlying Index). However, under various circumstances, it
Top 10 Sectors/Industries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
Banks |
16.3% | |||
Beverages |
14.5% | |||
Wireless Telecommunication Services |
13.3% | |||
Food & Staples Retailing |
9.2% | |||
Transportation Infrastructure |
8.8% | |||
Metals & Mining |
8.2% | |||
Food Products |
6.4% | |||
Construction Materials |
5.4% | |||
Media |
3.9% | |||
Equity Real Estate Investment Trusts (REITs) |
3.2% |
may not be possible or practicable to replicate the Underlying Index. In these circumstances, we may use a “representative sampling” strategy whereby we would invest in what we believe to be a representative sample of the component securities of the Underlying Index, but may not track the Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire Underlying Index. Under the representative sampling technique, we will select securities that collectively have an investment profile similar to that of the Underlying Index, including securities that resemble those included in the Underlying Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
1. The FTSE Mexico 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 Mexico Capped Index 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.
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 Statement of Investments (SOI). The SOI begins on page 264.
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Top 10 Holdings | ||||
9/30/21 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
America
Movil SAB de CV, L |
13.3% | |||
Grupo
Financiero Banorte SAB de CV Banks, Mexico |
9.8% | |||
Wal-Mart de Mexico SAB de CV,
V Food & Staples Retailing, Mexico |
9.2% | |||
Fomento
Economico Mexicano SAB de CV Beverages, Mexico |
8.5% | |||
Grupo Mexico
SAB de CV, B Metals & Mining, Mexico |
6.9% | |||
Cemex SAB de
CV Construction Materials, Mexico |
4.4% | |||
Grupo Bimbo SAB
de CV, A Food Products, Mexico |
3.8% | |||
Grupo Elektra
SAB de CV Banks, Mexico |
3.1% | |||
Grupo Televisa
SAB Media, Mexico |
3.1% | |||
Grupo
Aeroportuario del Sureste SAB de CV, B Transportation Infrastructure, Mexico |
3.1% |
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
Portfolio Management Team
The foregoing information reflects our analysis, opinions and portfolio holdings as of September 30, 2021, the end of the reporting period. These opinions may not be relied upon as investment advice or an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Fund. Statements of fact are from sources considered reliable, but the investment manager makes no representation or warranty as to their completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.
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FRANKLIN FTSE MEXICO ETF
Performance Summary as of September 30, 2021
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 9/30/21
Cumulative Total Return1 | Average Annual Total Return1 | |||||||||||||||
Based on NAV2 |
Based on market price3 |
Based on NAV2 |
Based on market price3 |
|||||||||||||
6-Month |
+10.80% | +9.94% | +10.80% | +9.94% | ||||||||||||
1-Year |
+49.57% | +48.77% | +49.57% | +48.77% | ||||||||||||
3-Year |
+0.48% | -0.02% | +0.16% | -0.01% | ||||||||||||
Since Inception (11/3/17) |
+6.15% | +5.71% | +1.54% | +1.43% |
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 81 for Performance Summary footnotes.
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FRANKLIN FTSE MEXICO ETF
PERFORMANCE SUMMARY
Distributions (4/1/21–9/30/21)
Net Investment Income |
$0.255220 |
Total Annual Operating Expenses4
0.19% |
All investments involve risks, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in developing markets involve heightened risk related to the same factors, in addition to those associated with these markets’ smaller size, lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets. Investments in Mexican issuers involve risks that are specific to Mexico, including certain legal, regulatory, political, currency, security and economic risks. Because the Fund invests its assets primarily in companies in a specific country or region, the Fund may also experience greater volatility than a fund that is more broadly diversified geographically. As a non-diversified fund, the Fund 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. Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance. The Fund’s prospectus also includes a description of the main investment risks.
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. 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.
2. Assumes reinvestment of distributions based on net asset value.
3. Assumes reinvestment of distributions based on market price.
4. 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. In periods of market volatility, assets may decline significantly, causing total annual Fund operating expenses to become higher than the figures shown.
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 x $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 4/1/21 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Net Annualized Expense Ratio2 |
|||||||||||||||||
$1,000.00 | $ | 1,108.00 | $ | 1.00 | $ | 1,024.12 | $ | 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 183/365 to reflect the one-half year period.
2. Reflects expenses after fee waivers and expense reimbursements.
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This semiannual report for Franklin FTSE Russia ETF covers the period ended September 30, 2021.
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 Russia RIC Capped Index (the FTSE Russia 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 Russia Capped Index and in depositary receipts representing such securities.
Performance Overview
During the six-month period, the Fund posted cumulative total returns of +23.85% based on market price and +24.56% based on net asset value. In comparison, the FTSE Russia Capped Index posted a +24.41% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 85.
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.
Investment Strategy
The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE Russia Capped Index. We seek to achieve, over time, a correlation between the Fund’s performance, before fees and expenses, and that of the Underlying Index of 0.95 or better. A figure of 1.00 would indicate perfect correlation. Our intention is to replicate the component securities of the Underlying Index as closely as possible (i.e., invest in all of the component securities in their respective weightings in the Underlying Index).
Top 10 Sectors/Industries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
Oil, Gas & Consumable Fuels |
49.0% | |||
Banks |
20.7% | |||
Metals & Mining |
15.2% | |||
Electric Utilities |
3.3% | |||
Wireless Telecommunication Services |
3.1% | |||
Food & Staples Retailing |
2.9% | |||
Capital Markets |
2.2% | |||
Chemicals |
1.6% | |||
Diversified Telecommunication Services |
0.8% | |||
Airlines |
0.6% |
However, under various circumstances, it may not be possible or practicable to replicate the Underlying Index. In these circumstances, we may use a “representative sampling” strategy whereby we would invest in what we believe to be a representative sample of the component securities of the Underlying Index, but may not track the Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire Underlying Index. Under the representative sampling technique, we will select securities that collectively have an investment profile similar to that of the Underlying Index, including securities that resemble those included in the Underlying Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
1. The FTSE Russia 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 Russia Capped Index is based on the FTSE Russia Index and is designed to measure the performance of Russian 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.
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 Statement of Investments (SOI). The SOI begins on page 266.
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Top 10 Holdings | ||||
9/30/21 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Gazprom
PJSC Oil, Gas & Consumable Fuels, Russia |
19.1% | |||
Sberbank of
Russia PJSC Banks, Russia |
17.6% | |||
LUKOIL
PJSC Oil, Gas & Consumable Fuels, Russia |
13.4% | |||
NovaTek
PJSC Oil, Gas & Consumable Fuels, Russia |
4.4% | |||
Rosneft
PJSC Oil, Gas & Consumable Fuels, Russia |
3.2% | |||
MMC Norilsk
Nickel PJSC Metals & Mining, Russia |
3.1% | |||
Tatneft
PAO Oil, Gas & Consumable Fuels, Russia |
3.0% | |||
Magnit
PJSC Food & Staples Retailing, Russia |
2.9% | |||
Mobile
TeleSystems PJSC Wireless Telecommunication Services, Russia |
2.4% | |||
VTB Bank
PJSC Banks, Russia |
2.3% |
Thank you for your participation in Franklin FTSE Russia ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Portfolio Management Team
The foregoing information reflects our analysis, opinions and portfolio holdings as of September 30, 2021, the end of the reporting period. These opinions may not be relied upon as investment advice or an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Fund. Statements of fact are from sources considered reliable, but the investment manager makes no representation or warranty as to their completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.
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FRANKLIN FTSE RUSSIA ETF
Performance Summary as of September 30, 2021
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 9/30/21
Cumulative Total Return1 | Average Annual Total Return1 | |||||||||||||||
Based on NAV2 |
Based on market price3 |
Based on NAV2 |
Based on market price3 |
|||||||||||||
6-Month |
+24.56% | +23.85% | +24.56% | +23.85% | ||||||||||||
1-Year |
+65.13% | +64.11% | +65.13% | +64.11% | ||||||||||||
3-Year |
+65.64% | +65.65% | +18.32% | +18.32% | ||||||||||||
Since Inception (2/6/18) |
+64.59% | +64.05% | +14.64% | +14.54% |
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.
See page 86 for Performance Summary footnotes.
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FRANKLIN FTSE RUSSIA ETF
PERFORMANCE SUMMARY
Distributions (4/1/21–9/30/21)
Net
Investment Income |
$0.218402 |
Total Annual Operating Expenses4
0.19% |
All investments involve risks, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in developing markets involve heightened risks related to the same factors, in addition to those associated with these markets’ smaller size, lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets. Investments in securities of Russian issuers involve significant risks that are specific to Russia, including certain legal, regulatory, political and economic risks. Because the Fund invests its assets primarily in companies in a specific country or region, the Fund may also experience greater volatility than a fund that is more broadly diversified geographically. As a non-diversified fund, the Fund 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. Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance. The Fund’s prospectus also includes a description of the main investment risks.
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. 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.
2. Assumes reinvestment of distributions based on net asset value.
3. Assumes reinvestment of distributions based on market price.
4. 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. In periods of market volatility, assets may decline significantly, causing total annual Fund operating expenses to become higher than the figures shown.
See www.franklintempletondatasources.com for additional data provider information.
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FRANKLIN FTSE RUSSIA 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 x $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 4/1/21 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Net Annualized Expense Ratio2 |
|||||||||||||||||
$1,000.00 | $ | 1,245.60 | $ | 1.07 | $ | 1,024.12 | $ | 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 183/365 to reflect the one-half year period.
2. Reflects expenses after fee waivers and expense reimbursements.
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Franklin FTSE Saudi Arabia ETF
This semiannual report for Franklin FTSE Saudi Arabia ETF covers the period ended September 30, 2021.
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 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 and in depositary receipts representing such securities.
Performance Overview
During the six-month period, the Fund posted cumulative total returns of +17.46% based on market price and +18.65% based on net asset value. In comparison, the FTSE Saudi Arabia Capped Index posted a +18.82% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 90.
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.
Investment Strategy
The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE Saudi Arabia Capped Index. We seek to achieve, over time, a correlation between the Fund’s performance, before fees and expenses, and that of the Underlying Index of 0.95 or better. A figure of 1.00 would indicate perfect correlation. Our intention is to replicate the component securities of the Underlying Index as closely as possible (i.e., invest in all of
Top 10 Sectors/Industries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
Banks |
42.1% | |||
Chemicals |
19.3% | |||
Oil, Gas & Consumable Fuels |
9.0% | |||
Diversified Telecommunication Services |
5.7% | |||
Metals & Mining |
4.4% | |||
Food Products |
2.8% | |||
Health Care Providers & Services |
2.7% | |||
Electric Utilities |
2.2% | |||
Construction Materials |
2.1% | |||
Wireless Telecommunication Services |
1.9% |
the component securities in their respective weightings in the Underlying Index). However, under various circumstances, it may not be possible or practicable to replicate the Underlying Index. In these circumstances, we may use a “representative sampling” strategy whereby we would invest in what we believe to be a representative sample of the component securities of the Underlying Index, but may not track the Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire Underlying Index. Under the representative sampling technique, we will select securities that collectively have an investment profile similar to that of the Underlying Index, including securities that resemble those included in the Underlying Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
1. The FTSE Saudi Arabia 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 Saudi Arabia Capped Index 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.
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 Statement of Investments (SOI). The SOI begins on page 268.
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Top 10 Holdings | ||||
9/30/21 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Al-Rajhi Bank Banks, Saudi Arabia |
13.2% | |||
National
Commercial Bank Banks, Saudi Arabia |
12.0% | |||
Saudi Aramco,
144A Oil, Gas & Consumable Fuels, Saudi Arabia |
8.4% | |||
Saudi Basic
Industries Corp. Chemicals, Saudi Arabia |
7.9% | |||
Saudi Telecom
Co. Diversified Telecommunication Services, Saudi Arabia |
5.7% | |||
Riyad
Bank Banks, Saudi Arabia |
4.4% | |||
Saudi Arabian
Mining Co. Metals & Mining, Saudi Arabia |
4.4% | |||
Saudi British
Bank Banks, Saudi Arabia |
3.7% | |||
Saudi Arabian
Fertilizer Co. Chemicals, Saudi Arabia |
3.4% | |||
Banque Saudi
Fransi Banks, Saudi Arabia |
2.6% |
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
Portfolio Management Team
The foregoing information reflects our analysis, opinions and portfolio holdings as of September 30, 2021, the end of the reporting period. These opinions may not be relied upon as investment advice or an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Fund. Statements of fact are from sources considered reliable, but the investment manager makes no representation or warranty as to their completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.
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Semiannual Report |
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FRANKLIN FTSE SAUDI ARABIA ETF
Performance Summary as of September 30, 2021
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 9/30/21
Cumulative Total Return1 | Average Annual Total Return1 | |||||||||||||||
Based on NAV2 |
Based on market price3 |
Based on NAV2 |
Based on market price3 |
|||||||||||||
6-Month |
+18.65% | +17.46% | +18.65% | +17.46% | ||||||||||||
1-Year |
+45.26% | +43.47% | +45.26% | +43.47% | ||||||||||||
Since Inception (10/9/18) |
+53.75% | +53.32% | +15.55% | +15.45% |
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 91 for Performance Summary footnotes.
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FRANKLIN FTSE SAUDI ARABIA ETF
PERFORMANCE SUMMARY
Distributions (4/1/21–9/30/21)
Net
Investment Income |
$0.355109 |
Total Annual Operating Expenses4
0.39% |
All investments involve risks, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in developing markets involve heightened risks related to the same factors, in addition to those associated with these markets’ smaller size, lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets. Investments in securities of Saudi Arabian issuers involve risks that are specific to Saudi Arabia, including certain legal, regulatory, political and economic risks. Because the Fund invests its assets primarily in companies in a specific country or region, the Fund may also experience greater volatility than a fund that is more broadly diversified geographically. As a non-diversified fund, the Fund 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. Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance. The Fund’s prospectus also includes a description of the main investment risks.
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. 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.
2. Assumes reinvestment of distributions based on net asset value.
3. Assumes reinvestment of distributions based on market price.
4. 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. In periods of market volatility, assets may decline significantly, causing total annual Fund operating expenses to become higher than the figures shown.
See www.franklintempletondatasources.com for additional data provider information.
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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 x $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 4/1/21 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Net Annualized Expense Ratio2 |
|||||||||||||||||
$1,000.00 | $ | 1,186.50 | $ | 2.14 | $ | 1,023.11 | $ | 1.98 | 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 183/365 to reflect the one-half year period.
2. Reflects expenses after fee waivers and expense reimbursements.
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Franklin FTSE South Africa ETF
This semiannual report for Franklin FTSE South Africa ETF covers the period ended September 30, 2021.
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.
Performance Overview
During the six-month period, the Fund posted cumulative total returns of -2.07% based on market price and -2.19% based on net asset value. In comparison, the FTSE/JSE South Africa Capped Index posted a -2.09% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 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.
Investment Strategy
The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE/JSE South Africa Capped Index. We seek to achieve, over time, a correlation between the Fund’s performance, before fees and expenses, and that of the Underlying Index of 0.95 or better. A figure of 1.00 would indicate perfect correlation. Our intention is to replicate the component securities of the Underlying Index as closely as possible (i.e., invest in all of
Top 10 Sectors/Industries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
Metals & Mining |
17.0% | |||
Internet & Direct Marketing Retail |
12.7% | |||
Banks |
12.1% | |||
Diversified Financial Services |
9.3% | |||
Wireless Telecommunication Services |
8.2% | |||
Food & Staples Retailing |
7.9% | |||
Insurance |
7.6% | |||
Chemicals |
3.8% | |||
Specialty Retail |
3.7% | |||
Equity Real Estate Investment Trusts (REITs) |
2.6% |
the component securities in their respective weightings in the Underlying Index). However, under various circumstances, it may not be possible or practicable to replicate the Underlying Index. In these circumstances, we may use a “representative sampling” strategy whereby we would invest in what we believe to be a representative sample of the component securities of the Underlying Index, but may not track the Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire Underlying Index. Under the representative sampling technique, we will select securities that collectively have an investment profile similar to that of the Underlying Index, including securities that resemble those included in the Underlying Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
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.
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 Statement of Investments (SOI). The SOI begins on page 270.
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Top 10 Holdings | ||||
9/30/21 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Naspers Ltd.,
N Internet & Direct Marketing Retail, South Africa |
12.7% | |||
FirstRand
Ltd. Diversified Financial Services, South Africa |
7.6% | |||
MTN Group
Ltd. Wireless Telecommunication Services, South Africa |
6.1% | |||
Standard Bank
Group Ltd. Banks, South Africa |
4.4% | |||
Sasol
Ltd. Chemicals, South Africa |
3.8% | |||
Capitec Bank
Holdings Ltd. Banks, South Africa |
3.6% | |||
Impala Platinum
Holdings Ltd. Metals & Mining, South Africa |
3.4% | |||
Sibanye
Stillwater Ltd. Metals & Mining, South Africa |
3.2% | |||
Sanlam
Ltd. Insurance, South Africa |
2.7% | |||
Bid Corp.
Ltd. Food & Staples Retailing, South Africa |
2.6% |
Thank you for your participation in Franklin FTSE South Africa ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Portfolio Management Team
The foregoing information reflects our analysis, opinions and portfolio holdings as of September 30, 2021, the end of the reporting period. These opinions may not be relied upon as investment advice or an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Fund. Statements of fact are from sources considered reliable, but the investment manager makes no representation or warranty as to their completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.
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Performance Summary as of September 30, 2021
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 9/30/21
Cumulative Total Return1 | Average Annual Total Return1 | |||||||||||||||
Based on NAV2 |
Based on market price3 |
Based on NAV2 |
Based on market price3 |
|||||||||||||
6-Month |
-2.19% | -2.07% | -2.19% | -2.07% | ||||||||||||
1-Year |
+35.46% | +36.35% | +35.46% | +36.35% | ||||||||||||
Since Inception (10/10/18) |
+21.84% | +22.43% | +6.87% | +7.04% |
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 96 for Performance Summary footnotes.
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FRANKLIN FTSE SOUTH AFRICA ETF
PERFORMANCE SUMMARY
Distributions (4/1/21–9/30/21)
Net
Investment Income |
$0.334851 |
Total Annual Operating Expenses4
0.19% |
All investments involve risks, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in developing markets involve heightened risks related to the same factors, in addition to those associated with these markets’ smaller size, lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets. Investments in securities of South African issuers involve risks that are specific to South Africa, including certain legal, regulatory, political and economic risks. Because the Fund invests its assets primarily in companies in a specific country or region, the Fund may also experience greater volatility than a fund that is more broadly diversified geographically. As a non-diversified fund, the Fund 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. Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance. The Fund’s prospectus also includes a description of the main investment risks.
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. 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.
2. Assumes reinvestment of distributions based on net asset value.
3. Assumes reinvestment of distributions based on market price.
4. 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. In periods of market volatility, assets may decline significantly, causing total annual Fund operating expenses to become higher than the figures shown.
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 x $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 4/1/21 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Net Annualized Expense Ratio2 |
|||||||||||||||||
$1,000.00 | $ | 978.10 | $ | 0.94 | $ | 1,024.12 | $ | 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 183/365 to reflect the one-half year period.
2. Reflects expenses after fee waivers and expense reimbursements.
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This semiannual report for Franklin FTSE South Korea ETF covers the period ended September 30, 2021.
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 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 and in depositary receipts representing such securities.
Performance Overview
During the six-month period, the Fund posted cumulative total returns of -9.11% based on market price and -7.42% based on net asset value. In comparison, the FTSE South Korea Capped Index posted a -7.39% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 100.
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.
Investment Strategy
The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE South Korea Capped Index. We seek to achieve, over time, a correlation between the Fund’s performance, before fees and expenses, and that of the Underlying Index of 0.95 or better. A figure of 1.00 would indicate perfect correlation. Our intention is to replicate the component securities of the Underlying Index as closely as possible (i.e., invest in all of the component securities in their respective weightings in the Underlying Index).
Top 10 Sectors/Industries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
Technology Hardware, Storage & Peripherals |
20.1% | |||
Interactive Media & Services |
8.5% | |||
Banks |
6.8% | |||
Chemicals |
6.2% | |||
Electronic Equipment, Instruments & Components |
5.6% | |||
Automobiles |
5.4% | |||
Semiconductors & Semiconductor Equipment |
5.3% | |||
Biotechnology |
4.0% | |||
Industrial Conglomerates |
3.1% | |||
Metals & Mining |
3.0% |
However, under various circumstances, it may not be possible or practicable to replicate the Underlying Index. In these circumstances, we may use a “representative sampling” strategy whereby we would invest in what we believe to be a representative sample of the component securities of the Underlying Index, but may not track the Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire Underlying Index. Under the representative sampling technique, we will select securities that collectively have an investment profile similar to that of the Underlying Index, including securities that resemble those included in the Underlying Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
1. The FTSE South Korea 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 South Korea Capped Index 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.
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 Statement of Investments (SOI). The SOI begins on page 273.
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Top 10 Holdings | ||||
9/30/21 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Samsung
Electronics Co. Ltd. |
17.2% | |||
SK Hynix
Inc. Semiconductors & Semiconductor Equipment, South Korea |
5.3% | |||
Naver
Corp. Interactive Media & Services, South Korea |
5.2% | |||
Samsung SDI Co.
Ltd. Electronic Equipment, Instruments & Components, South Korea |
3.8% | |||
LG Chem
Ltd. Chemicals, South Korea |
3.6% | |||
Kakao
Corp. Interactive Media & Services, South Korea |
3.2% | |||
Samsung
Electronics Co. Ltd. Technology Hardware, Storage & Peripherals, South Korea |
2.8% | |||
Hyundai Motor
Co. Automobiles, South Korea |
2.8% | |||
Celltrion
Inc. Biotechnology, South Korea |
2.7% | |||
KB Financial
Group Inc. Banks, South Korea |
2.1% |
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
Portfolio Management Team
The foregoing information reflects our analysis, opinions and portfolio holdings as of September 30, 2021, the end of the reporting period. These opinions may not be relied upon as investment advice or an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Fund. Statements of fact are from sources considered reliable, but the investment manager makes no representation or warranty as to their completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.
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Semiannual Report |
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FRANKLIN FTSE SOUTH KOREA ETF
Performance Summary as of September 30, 2021
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 9/30/21
Cumulative Total Return1 | Average Annual Total Return1 | |||||||||||||||
Based on NAV2 |
Based on market price3 |
Based on NAV2 |
Based on market price3 |
|||||||||||||
6-Month |
-7.42% | -9.11% | -7.42% | -9.11% | ||||||||||||
1-Year |
+29.73% | +26.38% | +29.73% | +26.38% | ||||||||||||
3-Year |
+29.22% | +29.00% | +8.92% | +8.86% | ||||||||||||
Since Inception (11/2/17) |
+20.43% | +19.57% | +4.87% | +4.68% |
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 101 for Performance Summary footnotes.
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FRANKLIN FTSE SOUTH KOREA ETF
PERFORMANCE SUMMARY
Distributions (4/1/21–9/30/21)
Net
Investment Income |
$0.184745 |
Total Annual Operating Expenses4
0.09% |
All investments involve risks, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in securities of South Korean issuers involve risks that are specific to South Korea, including certain legal, regulatory, political and economic risks. Because the Fund invests its assets primarily in companies in a specific country or region, the Fund may also experience greater volatility than a fund that is more broadly diversified geographically. As a non-diversified fund, the Fund 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. Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance. The Fund’s prospectus also includes a description of the main investment risks.
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. 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.
2. Assumes reinvestment of distributions based on net asset value.
3. Assumes reinvestment of distributions based on market price.
4. 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. In periods of market volatility, assets may decline significantly, causing total annual Fund operating expenses to become higher than the figures shown.
See www.franklintempletondatasources.com for additional data provider information.
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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 x $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 4/1/21 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Net Annualized Expense Ratio2 |
|||||||||||||||||
$1,000.00 | $ | 925.80 | $ | 0.43 | $ | 1,024.62 | $ | 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 183/365 to reflect the one-half year period.
2. Reflects expenses after fee waivers and expense reimbursements.
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This semiannual report for Franklin FTSE Switzerland ETF covers the period ended September 30, 2021.
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 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 and in depositary receipts representing such securities.
Performance Overview
During the six-month period, the Fund posted cumulative total returns of +8.48% based on market price and +8.31% based on net asset value. In comparison, the FTSE Switzerland Capped Index posted a +8.10% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 105.
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.
Investment Strategy
The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE Switzerland Capped Index. We seek to achieve, over time, a correlation between the Fund’s performance, before fees and expenses, and that of the Underlying Index of 0.95 or better. A figure of 1.00 would indicate perfect correlation. Our intention is to replicate the component securities of the Underlying
Top 10 Sectors/Industries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
Pharmaceuticals |
27.5% | |||
Food Products |
22.1% | |||
Capital Markets |
7.7% | |||
Insurance |
6.9% | |||
Chemicals |
6.1% | |||
Health Care Equipment & Supplies |
4.7% | |||
Textiles, Apparel & Luxury Goods |
3.9% | |||
Life Sciences Tools & Services |
3.9% | |||
Electrical Equipment |
3.5% | |||
Machinery |
2.2% |
Index as closely as possible (i.e., invest in all of the component securities in their respective weightings in the Underlying Index). However, under various circumstances, it may not be possible or practicable to replicate the Underlying Index. In these circumstances, we may use a “representative sampling” strategy whereby we would invest in what we believe to be a representative sample of the component securities of the Underlying Index, but may not track the Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire Underlying Index. Under the representative sampling technique, we will select securities that collectively have an investment profile similar to that of the Underlying Index, including securities that resemble those included in the Underlying Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
1. The FTSE Switzerland 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 Switzerland Capped Index 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.
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 Statement of Investments (SOI). The SOI begins on page 278.
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FRANKLIN FTSE SWITZERLAND ETF
Top 10 Holdings | ||||
9/30/21 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
Nestle
SA Food Products, Switzerland |
20.1% | |||
Roche Holding
AG Pharmaceuticals, Switzerland |
16.3% | |||
Novartis
AG Pharmaceuticals, Switzerland |
10.8% | |||
Zurich
Insurance Group AG Insurance, Switzerland |
3.8% | |||
ABB
Ltd. Electrical Equipment, Switzerland |
3.5% | |||
Lonza Group
AG Life Sciences Tools & Services, Switzerland |
3.4% | |||
Cie Financiere
Richemont SA Textiles, Apparel & Luxury Goods, Switzerland |
3.3% | |||
UBS Group
AG Capital Markets, Switzerland |
3.2% | |||
Sika
AG Chemicals, Switzerland |
2.8% | |||
Givaudan
AG Chemicals, Switzerland |
2.6% |
Thank you for your participation in Franklin FTSE Switzerland ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Portfolio Management Team
The foregoing information reflects our analysis, opinions and portfolio holdings as of September 30, 2021, the end of the reporting period. These opinions may not be relied upon as investment advice or an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Fund. Statements of fact are from sources considered reliable, but the investment manager makes no representation or warranty as to their completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.
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FRANKLIN FTSE SWITZERLAND ETF
Performance Summary as of September 30, 2021
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 9/30/21
Cumulative Total Return1 | Average Annual Total Return1 | |||||||||||||||
Based on NAV2 |
Based on market price3 |
Based on NAV2 |
Based on market price3 |
|||||||||||||
6-Month |
+8.31% | +8.48% | +8.31% | +8.48% | ||||||||||||
1-Year |
+16.83% | +16.44% | +16.83% | +16.44% | ||||||||||||
3-Year |
+46.18% | +46.17% | +13.49% | +13.49% | ||||||||||||
Since Inception (2/6/18) |
+49.12% | +48.53% | +11.58% | +11.46% |
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 106 for Performance Summary footnotes.
franklintempleton.com |
Semiannual Report |
105 |
FRANKLIN FTSE SWITZERLAND ETF
PERFORMANCE SUMMARY
Distributions (4/1/21–9/30/21)
Net
Investment Income |
$0.663551 |
Total Annual Operating Expenses4
0.09% |
All investments involve risks, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in securities of Swiss issuers involve risks that are specific to Switzerland, including certain legal, regulatory, political and economic risks. Because the Fund invests its assets primarily in companies in a specific country or region, the Fund may also experience greater volatility than a fund that is more broadly diversified geographically. As a non-diversified fund, the Fund 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. Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance. The Fund’s prospectus also includes a description of the main investment risks.
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. 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.
2. Assumes reinvestment of distributions based on net asset value.
3. Assumes reinvestment of distributions based on market price.
4. 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. In periods of market volatility, assets may decline significantly, causing total annual Fund operating expenses to become higher than the figures shown.
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 x $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 4/1/21 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Net Annualized Expense Ratio2 |
|||||||||||||||||
$1,000.00 | $ | 1,083.10 | $ | 0.47 | $ | 1,024.62 | $ | 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 183/365 to reflect the one-half year period.
2. Reflects expenses after fee waivers and expense reimbursements.
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107 |
This semiannual report for Franklin FTSE Taiwan ETF covers the period ended September 30, 2021.
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 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 and in depositary receipts representing such securities.
Performance Overview
During the six-month period, the Fund posted cumulative total returns of +4.90% based on market price and +6.91% based on net asset value. In comparison, the FTSE Taiwan Capped Index posted a +7.03% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 110.
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.
Investment Strategy
The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE Taiwan Capped Index. We seek to achieve, over time, a correlation between the Fund’s performance, before fees and expenses, and that of the Underlying Index of 0.95 or better. A figure of 1.00 would indicate perfect correlation. Our intention is to replicate the
Top 10 Sectors/Industries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
Semiconductors & Semiconductor Equipment |
36.3% | |||
Electronic Equipment, Instruments & Components |
12.8% | |||
Banks |
10.0% | |||
Technology Hardware, Storage & Peripherals |
6.4% | |||
Insurance |
6.1% | |||
Chemicals |
6.0% | |||
Marine |
3.0% | |||
Diversified Financial Services |
2.5% | |||
Metals & Mining |
1.8% | |||
Diversified Telecommunication Services |
1.7% |
component securities of the Underlying Index as closely as possible (i.e., invest in all of the component securities in their respective weightings in the Underlying Index). However, under various circumstances, it may not be possible or practicable to replicate the Underlying Index. In these circumstances, we may use a “representative sampling” strategy whereby we would invest in what we believe to be a representative sample of the component securities of the Underlying Index, but may not track the Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire Underlying Index. Under the representative sampling technique, we will select securities that collectively have an investment profile similar to that of the Underlying Index, including securities that resemble those included in the Underlying Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
1. The FTSE Taiwan 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 Taiwan Capped Index 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.
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 Statement of Investments (SOI). The SOI begins on page 281.
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FRANKLIN FTSE TAIWAN ETF
Top 10 Holdings | ||||
9/30/21 | ||||
Company
Sector/Industry, Country |
% of Total Net Assets |
|||
Taiwan
Semiconductor Manufacturing Co. Ltd. Semiconductors & Semiconductor Equipment, Taiwan |
19.2% | |||
MediaTek
Inc. Semiconductors & Semiconductor Equipment, Taiwan |
5.5% | |||
Hon Hai
Precision Industry Co. Ltd. Electronic Equipment, Instruments & Components, Taiwan |
5.2% | |||
United
Microelectronics Corp. Semiconductors & Semiconductor Equipment, Taiwan |
3.1% | |||
Fubon Financial
Holding Co. Ltd. Insurance, Taiwan |
2.6% | |||
Formosa
Plastics Corp. Chemicals, Taiwan |
2.3% | |||
Delta
Electronics Inc. Electronic Equipment, Instruments & Components, Taiwan |
2.2% | |||
Nan Ya Plastics
Corp. Chemicals, Taiwan |
2.1% | |||
Cathay
Financial Holding Co. Ltd. Insurance, Taiwan |
2.0% | |||
China Steel
Corp. Metals & Mining, Taiwan |
1.8% |
Thank you for your participation in Franklin FTSE Taiwan ETF. We look forward to serving your future investment needs.
Dina Ting, CFA
Hailey Harris
Portfolio Management Team
The foregoing information reflects our analysis, opinions and portfolio holdings as of September 30, 2021, the end of the reporting period. These opinions may not be relied upon as investment advice or an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Fund. Statements of fact are from sources considered reliable, but the investment manager makes no representation or warranty as to their completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.
franklintempleton.com |
Semiannual Report |
109 |
FRANKLIN FTSE TAIWAN ETF
Performance Summary as of September 30, 2021
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 9/30/21
Cumulative Total Return1 | Average Annual Total Return1 | |||||||||||||||
Based on NAV2 |
Based on market price3 |
Based on NAV2 |
Based on market price3 |
|||||||||||||
6-Month |
+6.91% | +4.90% | +6.91% | +4.90% | ||||||||||||
1-Year |
+44.50% | +42.85% | +44.50% | +42.85% | ||||||||||||
3-Year |
+76.04% | +74.91% | +20.75% | +20.49% | ||||||||||||
Since Inception (11/2/17) |
+83.06% | +82.09% | +16.73% | +16.57% |
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 111 for Performance Summary footnotes.
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FRANKLIN FTSE TAIWAN ETF
PERFORMANCE SUMMARY
Distributions (4/1/21–9/30/21)
Net
Investment Income |
$0.052042 |
Total Annual Operating Expenses4
0.19% |
All investments involve risks, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in developing markets involve heightened risks related to the same factors, in addition to those associated with these markets’ smaller size, lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets. Investments in securities of Taiwanese issuers involve risks that are specific to Taiwan, including certain legal, regulatory, political and economic risks. Because the Fund invests its assets primarily in companies in a specific country or region, the Fund may also experience greater volatility than a Fund that is more broadly diversified geographically. As a non-diversified fund, the Fund 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. Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance. The Fund’s prospectus also includes a description of the main investment risks.
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. 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.
2. Assumes reinvestment of distributions based on net asset value.
3. Assumes reinvestment of distributions based on market price.
4. 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. In periods of market volatility, assets may decline significantly, causing total annual Fund operating expenses to become higher than the figures shown.
See www.franklintempletondatasources.com for additional data provider information.
franklintempleton.com |
Semiannual Report |
111 |
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 x $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 4/1/21 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Net Annualized Expense Ratio2 |
|||||||||||||||||
$1,000.00 | $ | 1,069.10 | $ | 0.99 | $ | 1,024.12 | $ | 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 183/365 to reflect the one-half year period.
2. Reflects expenses after fee waivers and expense reimbursements.
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Franklin FTSE United Kingdom ETF
This semiannual report for Franklin FTSE United Kingdom ETF covers the period ended September 30, 2021.
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 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 and in depositary receipts representing such securities.
Performance Overview
For the six-month period, the Fund posted cumulative total returns of +4.34% based on market price and +5.09% based on net asset value. In comparison, the FTSE UK Capped Index posted a +5.16% total return for the same period.2 You can find more of the Fund’s performance data in the Performance Summary beginning on page 115.
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.
Investment Strategy
The Fund, using a “passive” or indexing investment approach, seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE UK Capped Index. We seek to achieve, over time, a correlation between the Fund’s performance, before fees and expenses, and that of the Underlying Index of 0.95 or better. A figure of 1.00 would indicate perfect correlation. Our intention is to replicate the component securities of the Underlying Index as closely as possible (i.e., invest in all of the component securities in their respective weightings in the
Top 10 Sectors/Industries | ||||
9/30/21 | ||||
% of Total Net Assets |
||||
Pharmaceuticals |
11.0% | |||
Oil, Gas & Consumable Fuels |
10.0% | |||
Metals & Mining |
9.4% | |||
Banks |
8.5% | |||
Personal Products |
5.2% | |||
Insurance |
4.4% | |||
Beverages |
4.4% | |||
Hotels, Restaurants & Leisure |
4.1% | |||
Professional Services |
3.8% | |||
Tobacco |
3.7% |
Underlying Index). However, under various circumstances, it may not be possible or practicable to replicate the Underlying Index. In these circumstances, we may use a “representative sampling” strategy whereby we would invest in what we believe to be a representative sample of the component securities of the Underlying Index, but may not track the Underlying Index with the same degree of accuracy as would an investment vehicle replicating the entire Underlying Index. Under the representative sampling technique, we will select securities that collectively have an investment profile similar to that of the Underlying Index, including securities that resemble those included in the Underlying Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. The Fund will concentrate its investments (i.e., hold 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
1. The FTSE UK 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 UK Capped Index 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.
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 Statement of Investments (SOI). The SOI begins on page 285.
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FRANKLIN FTSE UNITED KINGDOM ETF
Top 10 Holdings | ||||
9/30/21 | ||||
Company Sector/Industry, Country |
% of Total Net Assets |
|||
AstraZeneca
PLC Pharmaceuticals, United Kingdom |
7.0% | |||
Royal Dutch
Shell PLC, A, B Oil, Gas & Consumable Fuels, Netherlands |
6.5% | |||
Unilever
PLC Personal Products, United Kingdom |
5.2% | |||
Diageo
PLC Beverages, United Kingdom |
4.2% | |||
HSBC Holdings
PLC Banks, United Kingdom |
4.0% | |||
GlaxoSmithKline
PLC Pharmaceuticals, United Kingdom |
3.5% | |||
BP
PLC Oil, Gas & Consumable Fuels, United Kingdom |
3.4% | |||
British
American Tobacco PLC Tobacco, United Kingdom |
3.0% | |||
Rio Tinto
PLC Metals & Mining, Australia |
2.7% | |||
Glencore
PLC Metals & Mining, Switzerland |
2.4% |
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
Portfolio Management Team
The foregoing information reflects our analysis, opinions and portfolio holdings as of September 30, 2021, the end of the reporting period. These opinions may not be relied upon as investment advice or an offer for a particular security. The information is not a complete analysis of every aspect of any market, country, industry, security or the Fund. Statements of fact are from sources considered reliable, but the investment manager makes no representation or warranty as to their completeness or accuracy. Although historical performance is no guarantee of future results, these insights may help you understand our investment management philosophy.
114 |
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franklintempleton.com |
FRANKLIN FTSE UNITED KINGDOM ETF
Performance Summary as of September 30, 2021
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 9/30/21
Cumulative Total Return1 | Average Annual Total Return1 | |||||||||||||||
Based on NAV2 |
Based on market price3 |
Based on NAV2 |
Based on market price3 |
|||||||||||||
6-Month |
+5.09% | +4.34% | +5.09% | +4.34% | ||||||||||||
1-Year |
+30.83% | +31.12% | +30.83% | +31.12% | ||||||||||||
3-Year |
+9.45% | +9.29% | +3.06% | +3.01% | ||||||||||||
Since Inception (11/2/17) |
+12.47% | +12.21% | +3.05% | +2.99% |
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.
See page 116 for Performance Summary footnotes.
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115 |
FRANKLIN FTSE UNITED KINGDOM ETF
PERFORMANCE SUMMARY
Distributions (4/1/21–9/30/21)
Net
Investment Income |
$0.424523 |
Total Annual Operating Expenses4
0.09% |
All investments involve risks, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in securities of issuers in U.K. countries involve risks that are specific to the U.K., including certain legal, regulatory, political and economic risks. Because the Fund invests its assets primarily in companies in a specific country or region, the Fund may also experience greater volatility than a fund that is more broadly diversified geographically. As a non-diversified fund, the Fund 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. Events such as the spread of deadly diseases, disasters, and financial, political or social disruptions, may heighten risks and adversely affect performance. The Fund’s prospectus also includes a description of the main investment risks.
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. 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.
2. Assumes reinvestment of distributions based on net asset value.
3. Assumes reinvestment of distributions based on market price.
4. 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. In periods of market volatility, assets may decline significantly, causing total annual Fund operating expenses to become higher than the figures shown.
See www.franklintempletondatasources.com for additional data provider information.
116 |
Semiannual Report |
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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 x $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 4/1/21 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Ending Account Value 9/30/21 |
Expenses Paid During Period 4/1/21–9/30/211,2 |
Net Annualized Expense Ratio2 |
|||||||||||||||||
$1,000.00 | $ | 1,050.90 | $ | 0.46 | $ | 1,024.62 | $ | 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 183/365 to reflect the one-half year period.
2. Reflects expenses after fee waivers and expense reimbursements.
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FRANKLIN TEMPLETON ETF TRUST
Franklin FTSE Asia ex Japan ETF
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, | |||||||||||||||||||
2021 | 2020 | 2019 | 2018a | |||||||||||||||||
Per share operating performance (for a share outstanding throughout the period) |
||||||||||||||||||||
Net asset value, beginning of period |
$ | 28.60 | $ | 18.39 | $ | 21.86 | $ | 23.63 | $ | 23.64 | ||||||||||
|
|
|||||||||||||||||||
Income from investment operationsb: | ||||||||||||||||||||
Net investment incomec |
0.38 | 0.44 | 0.49 | 0.51 | 0.04 | |||||||||||||||
Net realized and unrealized gains (losses) |
(1.98 | ) | 10.21 | (3.46 | ) | (1.82 | ) | (0.05 | ) | |||||||||||
|
|
|||||||||||||||||||
Total from investment operations |
(1.60 | ) | 10.65 | (2.97 | ) | (1.31 | ) | (0.01 | ) | |||||||||||
|
|
|||||||||||||||||||
Less distributions from net investment income |
(0.11 | ) | (0.44 | ) | (0.50 | ) | (0.46 | ) | — | |||||||||||
|
|
|||||||||||||||||||
Net asset value, end of period |
$ | 26.89 | $ | 28.60 | $ | 18.39 | $ | 21.86 | $ | 23.63 | ||||||||||
|
|
|||||||||||||||||||
Total returnd |
(5.64)% | 58.16% | (13.88)% | (5.34)% | (0.04)% | |||||||||||||||
Ratios to average net assetse | ||||||||||||||||||||
Expenses before waiver and payments by affiliates |
0.19% | 0.19% | 0.19% | 0.19% | 0.19% | |||||||||||||||
Expenses net of waiver and payments by affiliates |
0.19% | 0.19% | 0.19% | —% | —% | |||||||||||||||
Net investment income |
2.69% | 1.78% | 2.32% | 2.34% | 1.06% | |||||||||||||||
Supplemental data | ||||||||||||||||||||
Net assets, end of period (000’s) |
$32,271 | $34,317 | $14,712 | $17,488 | $9,451 | |||||||||||||||
Portfolio turnover ratef |
4.74% | g | 11.64% | g | 11.42% | g | 7.11% | 0.96% |
aFor the period February 6, 2018 (commencement of operations) to March 31, 2018.
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: | 4.74% | 11.64% | 11.42% |
118 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Statement of Investments, September 30, 2021 (unaudited)
Franklin FTSE Asia ex Japan ETF
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests 99.5% |
||||||||||||||
Cambodia 0.0%† | ||||||||||||||
NagaCorp Ltd. |
Hotels, Restaurants & Leisure | 6,000 | $ | 5,126 | ||||||||||
|
|
|||||||||||||
China 36.4% | ||||||||||||||
a |
360 DigiTech Inc. |
Consumer Finance | 594 | 12,070 | ||||||||||
a |
360 Security Technology Inc., A |
Software | 300 | 552 | ||||||||||
a,b |
3SBio Inc., 144A |
Biotechnology | 5,500 | 5,405 | ||||||||||
a |
51job Inc., ADR |
Professional Services | 126 | 8,761 | ||||||||||
b |
A-Living Services Co. Ltd., 144A |
Commercial Services & Supplies | 1,500 | 5,337 | ||||||||||
AAC Technologies Holdings Inc. |
Electronic Equipment, Instruments & Components | 3,000 | 14,317 | |||||||||||
Addsino Co. Ltd., A |
Communications Equipment | 600 | 1,401 | |||||||||||
a |
Advanced Micro-Fabrication Equipment Inc. China, A |
Semiconductors & Semiconductor Equipment | 200 | 4,704 | ||||||||||
AECC Aero-Engine Control Co. Ltd. |
Aerospace & Defense | 300 | 1,119 | |||||||||||
AECC Aviation Power Co. Ltd., A |
Aerospace & Defense | 900 | 7,417 | |||||||||||
Agile Group Holdings Ltd. |
Real Estate Management & Development | 6,000 | 5,611 | |||||||||||
Agricultural Bank of China Ltd., A |
Banks | 42,600 | 19,406 | |||||||||||
Agricultural Bank of China Ltd., H |
Banks | 138,000 | 47,509 | |||||||||||
Aier Eye Hospital Group Co. Ltd. |
Health Care Providers & Services | 1,659 | 13,726 | |||||||||||
a |
Air China Ltd., A |
Airlines | 2,100 | 2,421 | ||||||||||
a |
Air China Ltd., H |
Airlines | 8,000 | 5,292 | ||||||||||
Airtac International Group |
Machinery | 660 | 20,728 | |||||||||||
a,b |
Akeso Inc., 144A |
Biotechnology | 2,000 | 10,996 | ||||||||||
a |
Alibaba Group Holding Ltd. |
Internet & Direct Marketing Retail | 64,100 | 1,170,897 | ||||||||||
a |
Alpha Group, A |
Leisure Products | 300 | 245 | ||||||||||
a |
Aluminum Corp. of China Ltd., A |
Metals & Mining | 4,500 | 5,404 | ||||||||||
a |
Aluminum Corp. of China Ltd., H |
Metals & Mining | 18,000 | 13,619 | ||||||||||
An Hui Wenergy Co. Ltd. |
Independent Power and Renewable Electricity Producers | 900 | 629 | |||||||||||
Angang Steel Co. Ltd. |
Metals & Mining | 1,500 | 1,118 | |||||||||||
Angang Steel Co. Ltd., H |
Metals & Mining | 6,000 | 3,700 | |||||||||||
Angel Yeast Co. Ltd., A |
Food Products | 300 | 2,332 | |||||||||||
Anhui Anke Biotechnology Group Co. Ltd. |
Biotechnology | 432 | 800 | |||||||||||
Anhui Conch Cement Co. Ltd., A |
Construction Materials | 1,200 | 7,586 | |||||||||||
Anhui Conch Cement Co. Ltd., H |
Construction Materials | 5,500 | 29,674 | |||||||||||
Anhui Expressway Co. Ltd., A |
Transportation Infrastructure | 300 | 309 | |||||||||||
Anhui Expressway Co. Ltd., H |
Transportation Infrastructure | 2,000 | 1,225 | |||||||||||
Anhui Gujing Distillery Co. Ltd., A |
Beverages | 100 | 3,696 | |||||||||||
Anhui Gujing Distillery Co. Ltd., B |
Beverages | 600 | 7,815 | |||||||||||
Anhui Xinhua Media Co. Ltd., A |
Distributors | 300 | 216 | |||||||||||
Anhui Zhongding Sealing Parts Co. Ltd., A |
Auto Components | 300 | 681 | |||||||||||
Anta Sports Products Ltd. |
Textiles, Apparel & Luxury Goods | 5,000 | 94,288 | |||||||||||
Autohome Inc., ADR |
Interactive Media & Services | 277 | 13,000 | |||||||||||
Avary Holding Shenzhen Co. Ltd., A |
Electronic Equipment, Instruments & Components | 300 | 1,549 | |||||||||||
Avic Capital Co. Ltd., A |
Diversified Financial Services | 2,700 | 1,602 | |||||||||||
AVIC Electromechanical Systems Co. Ltd. |
Aerospace & Defense | 1,500 | 3,077 | |||||||||||
AviChina Industry & Technology Co. Ltd., H |
Aerospace & Defense | 11,000 | 6,952 | |||||||||||
AVICOPTER PLC, A |
Aerospace & Defense | 300 | 2,584 | |||||||||||
b |
BAIC Motor Corp. Ltd., 144A |
Automobiles | 10,500 | 3,642 | ||||||||||
a |
Baidu Inc., ADR |
Interactive Media & Services | 1,248 | 191,880 | ||||||||||
Bank of Beijing Co. Ltd., A |
Banks | 7,200 | 4,864 | |||||||||||
Bank of Changsha Co. Ltd., A |
Banks | 900 | 1,155 | |||||||||||
Bank of Chengdu Co. Ltd., A |
Banks | 300 | 551 | |||||||||||
Bank of China Ltd., A |
Banks | 24,000 | 11,342 | |||||||||||
Bank of China Ltd., H |
Banks | 343,000 | 121,609 |
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FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Bank of Communications Co. Ltd., A |
Banks | 12,000 | $ | 8,367 | ||||||||||
Bank of Communications Co. Ltd., H |
Banks | 33,000 | 19,585 | |||||||||||
Bank of Guiyang Co. Ltd., A |
Banks | 900 | 940 | |||||||||||
Bank of Hangzhou Co. Ltd., A |
Banks | 2,100 | 4,858 | |||||||||||
Bank of Jiangsu Co. Ltd., A |
Banks | 1,080 | 974 | |||||||||||
Bank of Nanjing Co. Ltd., A |
Banks | 3,300 | 4,627 | |||||||||||
Bank of Ningbo Co. Ltd., A |
Banks | 1,800 | 9,803 | |||||||||||
Bank of Qingdao Co. Ltd., A |
Banks | 300 | 223 | |||||||||||
Bank of Shanghai Co. Ltd., A |
Banks | 4,580 | 5,187 | |||||||||||
a |
Bank of Zhengzhou Co. Ltd. |
Banks | 2,440 | 1,304 | ||||||||||
Baoshan Iron & Steel Co. Ltd., A |
Metals & Mining | 6,000 | 8,088 | |||||||||||
BBMG Corp., A |
Construction Materials | 3,600 | 1,573 | |||||||||||
BBMG Corp., H |
Construction Materials | 12,000 | 2,050 | |||||||||||
a |
BeiGene Ltd. |
Biotechnology | 2,700 | 76,651 | ||||||||||
Beijing Capital Co. Ltd., A |
Water Utilities | 2,400 | 1,380 | |||||||||||
Beijing Capital Development Co. Ltd., A |
Real Estate Management & Development | 600 | 485 | |||||||||||
a |
Beijing Capital International Airport Co. Ltd. |
Transportation Infrastructure | 8,000 | 4,717 | ||||||||||
Beijing Dabeinong Technology Group Co. Ltd. |
Food Products | 900 | 1,054 | |||||||||||
a |
Beijing E-Hualu Information Technology Co. Ltd., A |
Software | 300 | 1,382 | ||||||||||
Beijing Enlight Media Co. Ltd. |
Entertainment | 600 | 922 | |||||||||||
Beijing Enterprises Holdings Ltd. |
Gas Utilities | 2,500 | 10,004 | |||||||||||
Beijing Jingneng Clean Energy Co. Ltd., H |
Independent Power and Renewable Electricity Producers | 8,000 | 2,775 | |||||||||||
Beijing Kingsoft Office Software Inc., A |
Software | 200 | 8,780 | |||||||||||
Beijing New Building Materials PLC |
Building Products | 600 | 2,970 | |||||||||||
a |
Beijing Orient National Communication Science &Technology Co. Ltd. |
Software | 300 | 424 | ||||||||||
Beijing Originwater Technology Co. Ltd. |
Commercial Services & Supplies | 600 | 722 | |||||||||||
a |
Beijing Sanju Environmental Protection and New Material Co. Ltd. |
Chemicals | 600 | 634 | ||||||||||
Beijing Shiji Information Technology Co. Ltd. |
Software | 600 | 2,369 | |||||||||||
a |
Beijing Shougang Co. Ltd. |
Metals & Mining | 1,500 | 1,701 | ||||||||||
Beijing Shunxin Agriculture Co. Ltd., A |
Beverages | 300 | 1,643 | |||||||||||
Beijing Sinnet Technology Co. Ltd., A |
IT Services | 600 | 1,196 | |||||||||||
Beijing SL Pharmaceutical Co. Ltd. |
Biotechnology | 300 | 463 | |||||||||||
Beijing Tiantan Biological Products Corp. Ltd., A |
Biotechnology | 340 | 1,686 | |||||||||||
a |
Beijing Ultrapower Software Co. Ltd. |
IT Services | 600 | 537 | ||||||||||
Beijing Wantai Biological Pharmacy Enterprise Co. Ltd., A |
Biotechnology | 100 | 3,440 | |||||||||||
Beijing Yanjing Brewery Co. Ltd. |
Beverages | 600 | 609 | |||||||||||
Beijing Zhong Ke San Huan High-Tech Co. Ltd. |
Electronic Equipment, Instruments & Components | 300 | 486 | |||||||||||
Beijing-Shanghai High Speed Railway Co. Ltd. |
Road & Rail | 3,000 | 2,213 | |||||||||||
a,c |
Bilibili Inc., ADR |
Entertainment | 1,125 | 74,441 | ||||||||||
b |
Blue Moon Group Holdings Ltd., 144A |
Household Products | 3,000 | 2,624 | ||||||||||
Blue Sail Medical Co. Ltd., A |
Health Care Equipment & Supplies | 300 | 836 | |||||||||||
Bluefocus Intelligent Communications Group Co. Ltd. |
Media | 600 | 522 | |||||||||||
Bluestar Adisseo Co., A |
Chemicals | 300 | 553 | |||||||||||
BOC Hong Kong (Holdings) Ltd. |
Banks | 16,000 | 48,300 |
120 | franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
China (continued) | ||||||||||||||
BOC International China Co. Ltd., A |
Capital Markets | 300 | $ | 698 | ||||||||||
BOE Technology Group Co. Ltd. |
Electronic Equipment, Instruments & Components | 10,800 | 8,451 | |||||||||||
BOE Technology Group Co. Ltd. |
Electronic Equipment, Instruments & Components | 4,200 | 1,770 | |||||||||||
Bright Dairy & Food Co. Ltd., A |
Food Products | 300 | 646 | |||||||||||
a |
Brilliance China Automotive Holdings Ltd. |
Automobiles | 12,000 | 5,170 | ||||||||||
a |
BTG Hotels Group Co. Ltd., A |
Hotels, Restaurants & Leisure | 300 | 1,013 | ||||||||||
b |
Budweiser Brewing Co. APAC Ltd., 144A |
Beverages | 7,500 | 19,018 | ||||||||||
By-health Co. Ltd., A |
Personal Products | 600 | 2,625 | |||||||||||
BYD Co. Ltd. |
Automobiles | 600 | 23,196 | |||||||||||
BYD Co. Ltd., H |
Automobiles | 3,500 | 109,253 | |||||||||||
BYD Electronic International Co. Ltd. |
Communications Equipment | 3,500 | 12,342 | |||||||||||
C&S Paper Co. Ltd., A |
Household Products | 300 | 803 | |||||||||||
Caitong Securities Co. Ltd., A |
Capital Markets | 300 | 502 | |||||||||||
Camel Group Co. Ltd., A |
Electrical Equipment | 360 | 678 | |||||||||||
a,b,d |
CanSino Biologics Inc., 144A, Reg S |
Pharmaceuticals | 400 | 14,130 | ||||||||||
a |
CanSino Biologics Inc., A |
Pharmaceuticals | 26 | 1,365 | ||||||||||
CECEP Solar Energy Co. Ltd. |
Independent Power and Renewable Electricity Producers | 1,200 | 2,337 | |||||||||||
CECEP Wind-Power Corp |
Independent Power and Renewable Electricity Producers | 600 | 733 | |||||||||||
Central China Securities Co. Ltd., A |
Capital Markets | 900 | 671 | |||||||||||
Central China Securities Co. Ltd., H |
Capital Markets | 3,000 | 547 | |||||||||||
CGN Power Co. Ltd., A |
Independent Power and Renewable Electricity Producers | 2,400 | 1,253 | |||||||||||
b |
CGN Power Co. Ltd., H, 144A |
Independent Power and Renewable Electricity Producers | 51,000 | 15,527 | ||||||||||
Changchun High & New Technology Industry Group Inc. |
Pharmaceuticals | 100 | 4,256 | |||||||||||
Changjiang Securities Co. Ltd. |
Capital Markets | 1,800 | 2,134 | |||||||||||
Changzhou Xingyu Automotive LightingSystems Co. Ltd., A |
Auto Components | 100 | 2,804 | |||||||||||
Chaozhou Three-Circle Group Co. Ltd., A |
Electronic Equipment, Instruments & Components | 600 | 3,449 | |||||||||||
Chengdu Xingrong Environment Co. Ltd., A |
Water Utilities | 1,200 | 1,062 | |||||||||||
China Aoyuan Group Ltd. |
Real Estate Management & Development | 6,000 | 3,168 | |||||||||||
China Baoan Group Co. Ltd. |
Industrial Conglomerates | 900 | 2,675 | |||||||||||
China Cinda Asset Management Co. Ltd., H |
Capital Markets | 39,000 | 6,613 | |||||||||||
China CITIC Bank Corp. Ltd., A |
Banks | 3,300 | 2,332 | |||||||||||
China CITIC Bank Corp. Ltd., H |
Banks | 42,000 | 18,991 | |||||||||||
China Coal Energy Co. Ltd., A |
Oil, Gas & Consumable Fuels | 1,500 | 2,096 | |||||||||||
China Coal Energy Co. Ltd., H |
Oil, Gas & Consumable Fuels | 9,000 | 6,879 | |||||||||||
China Communications Services Corp. Ltd., H |
Construction & Engineering | 10,000 | 5,549 | |||||||||||
China Conch Venture Holdings Ltd. |
Construction & Engineering | 7,500 | 34,732 | |||||||||||
China Construction Bank Corp., A |
Banks | 3,600 | 3,330 | |||||||||||
China Construction Bank Corp., H |
Banks | 421,000 | 301,771 | |||||||||||
a |
China COSCO Holdings Co. Ltd., A |
Marine | 3,600 | 9,639 | ||||||||||
China CSSC Holdings Ltd., A |
Machinery | 1,400 | 5,445 | |||||||||||
b,d |
China East Education Holdings Ltd., 144A, Reg S |
Diversified Consumer Services | 1,500 | 1,547 | ||||||||||
a |
China Eastern Airlines Corp. Ltd., A |
Airlines | 3,300 | 2,408 | ||||||||||
a |
China Eastern Airlines Corp. Ltd., H |
Airlines | 8,000 | 3,073 | ||||||||||
China Everbright Bank Co. Ltd., A |
Banks | 12,900 | 6,776 | |||||||||||
China Everbright Bank Co. Ltd., H |
Banks | 13,000 | 4,592 | |||||||||||
China Evergrande Group |
Real Estate Management & Development | 9,000 | 3,411 | |||||||||||
b,d |
China Feihe Ltd., 144A, Reg S |
Food Products | 12,000 | 20,255 | ||||||||||
a |
China Fortune Land Development Co. Ltd., A |
Real Estate Management & Development | 1,540 | 957 | ||||||||||
China Galaxy Securities Co. Ltd., A |
Capital Markets | 600 | 974 |
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STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
China (continued) | ||||||||||||||
China Galaxy Securities Co. Ltd., H |
Capital Markets | 16,000 | $ | 9,311 | ||||||||||
China Great Wall Securities Co. Ltd., A |
Capital Markets | 600 | 1,101 | |||||||||||
China Greatwall Technology Group Co. Ltd. |
Technology Hardware, Storage & Peripherals | 900 | 1,839 | |||||||||||
China Hongqiao Group Ltd. |
Metals & Mining | 9,500 | 12,228 | |||||||||||
a,b |
China Huarong Asset Management Co. Ltd., 144A |
Capital Markets | 54,000 | — | ||||||||||
China International Capital Corp. Ltd., A |
Capital Markets | 300 | 2,660 | |||||||||||
b |
China International Capital Corp. Ltd., H, 144A |
Capital Markets | 6,500 | 17,075 | ||||||||||
China International Marine Containers (Group) Co. Ltd., H |
Machinery | 2,100 | 4,435 | |||||||||||
China International Marine Containers Group Co. Ltd. |
Machinery | 400 | 1,105 | |||||||||||
China Jushi Co. Ltd., A |
Construction Materials | 1,371 | 3,734 | |||||||||||
China Lesso Group Holdings Ltd. |
Building Products | 4,000 | 6,413 | |||||||||||
China Life Insurance Co. Ltd., A |
Insurance | 1,600 | 7,388 | |||||||||||
China Life Insurance Co. Ltd., H |
Insurance | 34,000 | 55,818 | |||||||||||
a,b |
China Literature Ltd., 144A |
Media | 1,800 | 13,735 | ||||||||||
a |
China Lodging Group Ltd., ADR |
Hotels, Restaurants & Leisure | 977 | 44,805 | ||||||||||
China Longyuan Power Group Corp. |
Independent Power and Renewable Electricity Producers | 15,000 | 37,073 | |||||||||||
China Medical System Holdings Ltd. |
Pharmaceuticals | 6,000 | 10,945 | |||||||||||
China Meheco Co. Ltd., A |
Trading Companies & Distributors | 300 | 525 | |||||||||||
China Meidong Auto Holdings Ltd. |
Specialty Retail | 2,000 | 10,045 | |||||||||||
China Merchants Bank Co. Ltd., A |
Banks | 6,300 | 49,246 | |||||||||||
China Merchants Bank Co. Ltd., H |
Banks | 17,000 | 135,504 | |||||||||||
China Merchants Energy Shipping Co. Ltd., A |
Oil, Gas & Consumable Fuels | 2,880 | 2,463 | |||||||||||
China Merchants Expressway Network & Technology Holdings Co. Ltd. |
Transportation Infrastructure | 300 | 350 | |||||||||||
China Merchants Port Holdings Co. Ltd. |
Transportation Infrastructure | 6,000 | 10,297 | |||||||||||
China Merchants Property Operation & Service Co. Ltd., A |
Real Estate Management & Development | 300 | 725 | |||||||||||
b |
China Merchants Securities Co. Ltd., 144A |
Capital Markets | 5,400 | 8,643 | ||||||||||
China Merchants Securities Co. Ltd., A |
Capital Markets | 2,320 | 6,585 | |||||||||||
China Merchants Shekou Industrial Zone Holdings Co. Ltd., A |
Real Estate Management & Development | 2,400 | 4,812 | |||||||||||
China Minsheng Banking Corp. Ltd., A |
Banks | 11,700 | 7,088 | |||||||||||
China Minsheng Banking Corp. Ltd., H |
Banks | 28,500 | 11,459 | |||||||||||
China Molybdenum Co. Ltd., A |
Metals & Mining | 3,000 | 2,808 | |||||||||||
China Molybdenum Co. Ltd., H |
Metals & Mining | 18,000 | 11,214 | |||||||||||
China National Building Material Co. Ltd., H |
Construction Materials | 18,000 | 24,371 | |||||||||||
China National Chemical Engineering Co. Ltd., A |
Construction & Engineering | 1,800 | 3,012 | |||||||||||
China National Medicines Corp. Ltd., A |
Health Care Providers & Services | 300 | 1,363 | |||||||||||
China National Nuclear Power Co. Ltd., A |
Independent Power and Renewable Electricity Producers | 5,000 | 5,586 | |||||||||||
China National Software & Service Co. Ltd., A |
Software | 300 | 2,295 | |||||||||||
a |
China Nonferrous Metal Industry’s Foreign Engineering and Construction Co. Ltd. |
Metals & Mining | 600 | 524 | ||||||||||
China Northern Rare Earth Group High-Tech Co. Ltd., A |
Metals & Mining | 1,200 | 8,231 | |||||||||||
China Oilfield Services Ltd., A |
Energy Equipment & Services | 600 | 1,497 | |||||||||||
China Oilfield Services Ltd., H |
Energy Equipment & Services | 8,000 | 7,636 |
122 |
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FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
China (continued) | ||||||||||||||
China Orient Securities Co. Ltd., A |
Capital Markets | 1,800 | $ | 4,220 | ||||||||||
China Pacific Insurance Group Co. Ltd., A |
Insurance | 2,100 | 8,831 | |||||||||||
China Pacific Insurance Group Co. Ltd., H |
Insurance | 11,600 | 34,496 | |||||||||||
China Petroleum & Chemical Corp., A |
Oil, Gas & Consumable Fuels | 10,800 | 7,463 | |||||||||||
China Petroleum & Chemical Corp., H |
Oil, Gas & Consumable Fuels | 116,000 | 57,518 | |||||||||||
China Railway Group Ltd., A |
Construction & Engineering | 6,600 | 5,788 | |||||||||||
China Railway Group Ltd., H |
Construction & Engineering | 17,000 | 8,473 | |||||||||||
b,d |
China Railway Signal & Communication Corp. Ltd., 144A, Reg S |
Electronic Equipment, Instruments & Components | 8,000 | 2,898 | ||||||||||
China Railway Signal & Communication Corp. Ltd., A |
Electronic Equipment, Instruments & Components | 2,000 | 1,599 | |||||||||||
China Reinsurance Group Corp., H |
Insurance | 28,000 | 3,165 | |||||||||||
China Resources Cement Holdings Ltd. |
Construction Materials | 10,000 | 9,647 | |||||||||||
China Resources Double Crane Pharmaceutical Co. Ltd., A |
Pharmaceuticals | 300 | 544 | |||||||||||
b |
China Resources Mixc Lifestyle Services Ltd., 144A |
Real Estate Management & Development | 2,600 | 14,445 | ||||||||||
b |
China Resources Pharmaceutical Group Ltd., 144A |
Pharmaceuticals | 7,500 | 3,690 | ||||||||||
China Resources Power Holdings Co. Ltd. |
Independent Power and Renewable Electricity Producers | 8,500 | 24,513 | |||||||||||
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. |
Pharmaceuticals | 300 | 1,315 | |||||||||||
China Shenhua Energy Co. Ltd., A |
Oil, Gas & Consumable Fuels | 2,400 | 8,426 | |||||||||||
China Shenhua Energy Co. Ltd., H |
Oil, Gas & Consumable Fuels | 15,000 | 35,108 | |||||||||||
China Shipping Container Lines Co. Ltd., A |
Trading Companies & Distributors | 2,400 | 1,450 | |||||||||||
China Shipping Development Co. Ltd., A |
Oil, Gas & Consumable Fuels | 1,500 | 1,592 | |||||||||||
China South Publishing & Media Group Co. Ltd., A |
Media | 600 | 833 | |||||||||||
a |
China Southern Airlines Co. Ltd., A |
Airlines | 4,200 | 3,761 | ||||||||||
a |
China Southern Airlines Co. Ltd., H |
Airlines | 6,000 | 3,391 | ||||||||||
China State Construction Engineering Corp. Ltd., A |
Construction & Engineering | 13,500 | 10,040 | |||||||||||
China Taiping Insurance Holdings Co. Ltd. |
Insurance | 6,600 | 10,038 | |||||||||||
China Tourism Group Duty Free Corp. Ltd., A |
Specialty Retail | 600 | 24,171 | |||||||||||
b,d |
China Tower Corp. Ltd., H, 144A, Reg s |
Diversified Telecommunication Services | 210,000 | 27,516 | ||||||||||
China TransInfo Technology Co. Ltd. |
IT Services | 300 | 687 | |||||||||||
a |
China Travel International Investment Hong Kong Ltd. |
Hotels, Restaurants & Leisure | 12,000 | 1,773 | ||||||||||
China United Network Communications Ltd., A |
Wireless Telecommunication Services | 8,700 | 5,540 | |||||||||||
China Vanke Co. Ltd., A |
Real Estate Management & Development | 3,000 | 9,905 | |||||||||||
China Vanke Co. Ltd., H |
Real Estate Management & Development | 8,600 | 23,531 | |||||||||||
China Yangtze Power Co. Ltd., A |
Independent Power and Renewable Electricity Producers | 4,800 | 16,362 | |||||||||||
China Zheshang Bank Co. Ltd., A |
Banks | 2,100 | 1,155 | |||||||||||
Chinese Universe Publishing and Media Group Co. Ltd., A |
Media | 300 | 482 | |||||||||||
a |
Chongqing Brewery Co. Ltd., A |
Beverages | 200 | 4,067 | ||||||||||
Chongqing Changan Automobile Co. Ltd. |
Automobiles | 2,100 | 5,434 | |||||||||||
Chongqing Changan Automobile Co. Ltd., B |
Automobiles | 5,460 | 3,332 |
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Semiannual Report |
123 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
China (continued) | ||||||||||||||
a |
Chongqing Fuling Zhacai Group Co. Ltd., A |
Food Products | 300 | $ | 1,430 | |||||||||
Chongqing Rural Commercial Bank Co. Ltd., A |
Banks | 1,500 | 897 | |||||||||||
Chongqing Rural Commercial Bank Co. Ltd., H |
Banks | 10,000 | 3,648 | |||||||||||
Chongqing Water Group Co. Ltd., A |
Water Utilities | 300 | 283 | |||||||||||
Chongqing Zhifei Biological Products Co. Ltd. |
Biotechnology | 400 | 9,854 | |||||||||||
Chow Tai Fook Jewellery Co. Ltd. |
Specialty Retail | 7,800 | 14,929 | |||||||||||
CIFI Holdings Group Co. Ltd. |
Real Estate Management & Development | 16,000 | 10,893 | |||||||||||
a |
Cinda Real Estate Co. Ltd., A |
Real Estate Management & Development | 600 | 326 | ||||||||||
a |
CITIC Guoan Information Industry Co. Ltd. |
Media | 600 | 243 | ||||||||||
Citic Pacific Ltd. |
Industrial Conglomerates | 22,000 | 23,456 | |||||||||||
Citic Pacific Special Steel Group Co. Ltd., A |
Metals & Mining | 1,580 | 5,019 | |||||||||||
CITIC Securities Co. Ltd., A |
Capital Markets | 3,300 | 12,926 | |||||||||||
CITIC Securities Co. Ltd., H |
Capital Markets | 10,500 | 26,760 | |||||||||||
CMST Development Co. Ltd., A |
Air Freight & Logistics | 300 | 268 | |||||||||||
CNOOC Energy Technology & Services Ltd. |
Energy Equipment & Services | 2,100 | 973 | |||||||||||
Contemporary Amperex Technology Co. Ltd. |
Electrical Equipment | 300 | 24,437 | |||||||||||
COSCO SHIPPING Development Co. Ltd., H |
Trading Companies & Distributors | 18,000 | 3,584 | |||||||||||
COSCO SHIPPING Energy Transportation Co. Ltd., H |
Oil, Gas & Consumable Fuels | 6,000 | 2,944 | |||||||||||
a |
COSCO Shipping Holdings Co. Ltd. |
Marine | 14,450 | 22,163 | ||||||||||
Country Garden Holdings Co. Ltd. |
Real Estate Management & Development | 34,000 | 35,159 | |||||||||||
Country Garden Services Holdings Co. Ltd. |
Commercial Services & Supplies | 8,000 | 63,201 | |||||||||||
CRRC Corp. Ltd., A |
Machinery | 7,800 | 7,505 | |||||||||||
CRRC Corp. Ltd., H |
Machinery | 18,000 | 8,232 | |||||||||||
b |
CSC Financial Co. Ltd., 144A |
Capital Markets | 4,000 | 4,486 | ||||||||||
CSC Financial Co. Ltd., A |
Capital Markets | 300 | 1,436 | |||||||||||
CSG Holding Co. Ltd. |
Construction Materials | 600 | 931 | |||||||||||
CSG Holding Co. Ltd. |
Construction Materials | 4,601 | 2,234 | |||||||||||
CSPC Pharmaceutical Group Ltd. |
Pharmaceuticals | 37,600 | 45,112 | |||||||||||
Daan Gene Co. Ltd. |
Biotechnology | 512 | 1,473 | |||||||||||
a,c |
Dada Nexus Ltd., ADR |
Internet & Direct Marketing Retail | 294 | 5,892 | ||||||||||
b |
Dali Foods Group Co. Ltd., 144A |
Food Products | 9,500 | 5,736 | ||||||||||
Datang International Power Generation Co. Ltd., A |
Independent Power and Renewable Electricity Producers | 2,400 | 1,335 | |||||||||||
Datang International Power Generation Co. Ltd., H |
Independent Power and Renewable Electricity Producers | 10,000 | 1,927 | |||||||||||
Dawning Information Industry Co. Ltd., A |
Technology Hardware, Storage & Peripherals | 600 | 2,493 | |||||||||||
DHC Software Co. Ltd. |
IT Services | 900 | 1,061 | |||||||||||
Dian Diagnostics Group Co. Ltd. |
Health Care Providers & Services | 300 | 1,374 | |||||||||||
a,c |
DiDi Global Inc., ADR |
Road & Rail | 1,400 | 10,906 | ||||||||||
Digital China Information Service Co. Ltd. |
IT Services | 300 | 583 | |||||||||||
a |
Do-Fluoride Chemicals Co. Ltd., A |
Chemicals | 300 | 2,498 | ||||||||||
Dong-E-E-Jiao Co. Ltd., A |
Pharmaceuticals | 300 | 1,628 | |||||||||||
Dongfang Electric Corp. Ltd., A |
Electrical Equipment | 900 | 2,552 | |||||||||||
Dongfang Electric Corp. Ltd., H |
Electrical Equipment | 1,600 | 2,647 | |||||||||||
Dongfeng Motor Group Co. Ltd., H |
Automobiles | 12,000 | 10,713 |
124 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Dongguan Development Holdings Co. Ltd., A |
Transportation Infrastructure | 600 | $ | 962 | ||||||||||
Dongxing Securities Co. Ltd., A |
Capital Markets | 600 | 1,053 | |||||||||||
East Group Co. Ltd., A |
Electrical Equipment | 300 | 445 | |||||||||||
East Money Information Co. Ltd. |
Capital Markets | 3,240 | 17,254 | |||||||||||
Ecovacs Robotics Co. Ltd., A |
Household Durables | 200 | 4,707 | |||||||||||
ENN Ecological Holdings Co. Ltd., A |
Gas Utilities | 900 | 2,549 | |||||||||||
ENN Energy Holdings Ltd. |
Gas Utilities | 3,400 | 56,080 | |||||||||||
a,b |
ESR Cayman Ltd., 144A |
Real Estate Management & Development | 8,400 | 25,519 | ||||||||||
Eternal Asia Supply Chain Management Ltd. |
Commercial Services & Supplies | 800 | 861 | |||||||||||
Eve Energy Co. Ltd. |
Electrical Equipment | 580 | 8,899 | |||||||||||
b |
Everbright Securities Co. Ltd., 144A |
Capital Markets | 1,200 | 930 | ||||||||||
Everbright Securities Co. Ltd., A |
Capital Markets | 1,200 | 2,888 | |||||||||||
a,b |
Evergrande Property Services Group Ltd., 144A |
Real Estate Management & Development | 18,000 | 11,839 | ||||||||||
Fangda Carbon New Material Co. Ltd. |
Electrical Equipment | 760 | 1,195 | |||||||||||
Faw Jiefang Group Co. Ltd. |
Automobiles | 900 | 1,499 | |||||||||||
Fiberhome Telecommunication Technologies Co. Ltd., A |
Communications Equipment | 600 | 1,640 | |||||||||||
a |
FIH Mobile Ltd. |
Electronic Equipment, Instruments & Components | 15,000 | 2,254 | ||||||||||
Financial Street Holdings Co. Ltd., A |
Real Estate Management & Development | 900 | 837 | |||||||||||
First Capital Securities Co. Ltd. |
Capital Markets | 1,200 | 1,346 | |||||||||||
Flat Glass Group Co Ltd., H |
Semiconductors & Semiconductor Equipment | 2,000 | 9,442 | |||||||||||
Flat Glass Group Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 300 | 2,145 | |||||||||||
Focus Media Information Technology Co. Ltd. |
Media | 4,700 | 5,331 | |||||||||||
Foshan Haitian Flavouring & Food Co. Ltd. |
Food Products | 442 | 7,533 | |||||||||||
Fosun International Ltd. |
Industrial Conglomerates | 10,000 | 12,165 | |||||||||||
Founder Securities Co. Ltd., A |
Capital Markets | 2,600 | 3,295 | |||||||||||
Foxconn Industrial Internet Co. Ltd., A |
Electronic Equipment, Instruments & Components | 1,200 | 2,161 | |||||||||||
Fu Jian Anjoy Foods Co. Ltd., A |
Food Products | 100 | 2,975 | |||||||||||
Fujian Funeng Co. Ltd., A |
Independent Power and Renewable Electricity Producers | 300 | 848 | |||||||||||
Fujian Longking Co. Ltd., A |
Machinery | 300 | 400 | |||||||||||
Fujian Sunner Development Co. Ltd. |
Food Products | 300 | 1,004 | |||||||||||
Fuyao Glass Industry Group Co. Ltd., A |
Auto Components | 600 | 3,928 | |||||||||||
b |
Fuyao Group Glass Industries Co. Ltd., 144A |
Auto Components | 2,800 | 14,981 | ||||||||||
Ganfeng Lithium Co. Ltd. |
Metals & Mining | 400 | 10,099 | |||||||||||
b |
Ganfeng Lithium Co. Ltd., H, 144A |
Metals & Mining | 800 | 14,223 | ||||||||||
a |
GCL System Integration Technology Co. Ltd. |
Semiconductors & Semiconductor Equipment | 1,200 | 762 | ||||||||||
GD Power Development Co. Ltd., A |
Independent Power and Renewable Electricity Producers | 6,300 | 3,172 | |||||||||||
a,c |
GDS Holdings Ltd., ADR |
IT Services | 519 | 29,381 | ||||||||||
GEM Co. Ltd. |
Metals & Mining | 1,500 | 2,598 | |||||||||||
Gemdale Corp., A |
Real Estate Management & Development | 1,500 | 2,603 | |||||||||||
a |
Genscript Biotech Corp. |
Life Sciences Tools & Services | 5,000 | 19,269 | ||||||||||
GF Securities Co. Ltd. |
Capital Markets | 1,900 | 6,170 | |||||||||||
GF Securities Co. Ltd., H |
Capital Markets | 7,000 | 12,211 | |||||||||||
Gigadevice Semiconductor Beijing Inc., A |
Semiconductors & Semiconductor Equipment | 240 | 5,392 | |||||||||||
Ginlong Technologies Co. Ltd., A |
Electrical Equipment | 100 | 3,750 | |||||||||||
Glarun Technology Co. Ltd., A |
Communications Equipment | 600 | 1,272 | |||||||||||
GoerTek Inc. |
Electronic Equipment, Instruments & Components | 1,200 | 8,014 | |||||||||||
a |
GOME Retail Holdings Ltd. |
Specialty Retail | 63,000 | 5,908 | ||||||||||
Gongniu Group Co. Ltd., A |
Electrical Equipment | 100 | 2,529 |
franklintempleton.com |
Semiannual Report |
125 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
China (continued) | ||||||||||||||
a |
Grandjoy Holdings Group Co. Ltd., A |
Real Estate Management & Development | 600 | $ | 337 | |||||||||
Great Wall Motor Co. Ltd., A |
Automobiles | 1,100 | 8,965 | |||||||||||
Great Wall Motor Co. Ltd., H |
Automobiles | 14,000 | 51,614 | |||||||||||
Greattown Holdings Ltd., A |
Real Estate Management & Development | 300 | 166 | |||||||||||
Greendland Holdings Corp. Ltd., A |
Real Estate Management & Development | 2,205 | 1,606 | |||||||||||
Greentown China Holdings Ltd. |
Real Estate Management & Development | 3,500 | 5,296 | |||||||||||
GRG Banking Equipment Co. Ltd. |
Technology Hardware, Storage & Peripherals | 600 | 912 | |||||||||||
a,c |
GSX Techedu Inc., ADR |
Diversified Consumer Services | 637 | 1,956 | ||||||||||
Guangdong Baolihua New Energy Stock Co. Ltd. |
|
Independent Power and Renewable
Electricity Producers |
|
900 | 950 | |||||||||
Guangdong Electric Power Development Co. Ltd., B |
|
Independent Power and Renewable
Electricity Producers |
|
2,700 | 916 | |||||||||
a |
Guangdong Golden Dragon Development Inc. |
Capital Markets | 300 | 711 | ||||||||||
Guangdong Haid Group Co. Ltd. |
Food Products | 500 | 5,222 | |||||||||||
a |
Guangdong HEC Technology Holding Co. Ltd., A |
Metals & Mining | 600 | 791 | ||||||||||
Guangdong Kinlong Hardware Products Co. Ltd. |
Building Products | 100 | 2,128 | |||||||||||
a |
Guangdong LY Intelligent Manufacturing Co. Ltd. |
Electronic Equipment, Instruments & Components | 2,400 | 2,402 | ||||||||||
Guangdong Xinbao Electrical Appliances Holdings Co. Ltd. |
Household Durables | 300 | 854 | |||||||||||
a |
Guanghui Energy Co. Ltd., A |
Oil, Gas & Consumable Fuels | 1,800 | 2,421 | ||||||||||
a |
Guangshen Railway Co. Ltd., A |
Road & Rail | 2,700 | 983 | ||||||||||
a |
Guangshen Railway Co. Ltd., H |
Road & Rail | 6,000 | 1,110 | ||||||||||
Guangxi Guiguan Electric Power Co. Ltd., A |
|
Independent Power and Renewable
Electricity Producers |
|
900 | 1,054 | |||||||||
Guangxi Liugong Machinery Co. Ltd. |
Machinery | 400 | 488 | |||||||||||
Guangxi Wuzhou Zhongheng Group Co. Ltd., A |
Pharmaceuticals | 1,500 | 751 | |||||||||||
Guangzhou Automobile Group Co. Ltd., A |
Automobiles | 900 | 2,103 | |||||||||||
Guangzhou Automobile Group Co. Ltd., H |
Automobiles | 14,000 | 12,373 | |||||||||||
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., A |
Pharmaceuticals | 300 | 1,384 | |||||||||||
Guangzhou Baiyunshan Pharmceutical Holdings Co. Ltd. |
Pharmaceuticals | 900 | 2,282 | |||||||||||
Guangzhou Haige Communications Group Inc. Co. |
Communications Equipment | 600 | 952 | |||||||||||
Guangzhou Kingmed Diagnostics Group Co. Ltd. |
Health Care Providers & Services | 100 | 1,587 | |||||||||||
Guangzhou R&F Properties Co. Ltd., H |
Real Estate Management & Development | 7,200 | 5,531 | |||||||||||
Guangzhou Shiyuan Electronic Technology Co. Ltd., A |
Electronic Equipment, Instruments & Components | 100 | 1,214 | |||||||||||
Guangzhou TInc.i Materials Technology Co. Ltd. |
Chemicals | 310 | 7,307 | |||||||||||
Guangzhou Zhujiang Brewery Co. Ltd. |
Beverages | 300 | 416 | |||||||||||
Guizhou Panjiang Refined Coal Co. Ltd., A |
Oil, Gas & Consumable Fuels | 600 | 878 | |||||||||||
a |
Guizhou Xinbang Pharmaceutical Co. Ltd. |
Pharmaceuticals | 300 | 357 | ||||||||||
Guolian Securities Co. Ltd., A |
Capital Markets | 600 | 1,234 | |||||||||||
Guosen Securities Co. Ltd. |
Capital Markets | 1,400 | 2,564 | |||||||||||
a |
Guosheng Financial Holding Inc. |
Electrical Equipment | 300 | 425 | ||||||||||
a,b |
Guotai Junan Securities Co. Ltd., 144A |
Capital Markets | 3,600 | 5,189 | ||||||||||
Guotai Junan Securities Co. Ltd., A |
Capital Markets | 2,400 | 6,630 | |||||||||||
a |
Guoxuan High-Tech Co. Ltd. |
Electrical Equipment | 400 | 2,943 | ||||||||||
Guoyuan Securities Co. Ltd. |
Capital Markets | 1,620 | 1,945 | |||||||||||
b,d |
Haidilao International Holding Ltd., 144A, Reg S |
Hotels, Restaurants & Leisure | 4,200 | 16,051 | ||||||||||
Haier Smart Home Co. Ltd., A |
Household Durables | 2,100 | 8,509 | |||||||||||
Haier Smart Home Co. Ltd., H |
Household Durables | 10,200 | 35,967 | |||||||||||
Haisco Pharmaceutical Group Co. Ltd. |
Pharmaceuticals | 300 | 855 | |||||||||||
Haitian International Holdings Ltd. |
Machinery | 3,000 | 9,268 | |||||||||||
Haitong Securities Co. Ltd., A |
Capital Markets | 3,300 | 6,207 | |||||||||||
Haitong Securities Co. Ltd., H |
Capital Markets | 15,600 | 14,288 |
126 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Han’s Laser Technology Industry Group Co. Ltd., A |
Machinery | 300 | $ | 1,758 | ||||||||||
a |
Hang Zhou Great Star Industrial Co. Ltd. |
Household Durables | 300 | 1,277 | ||||||||||
Hangzhou Binjiang Real Estate Group Co. Ltd. |
Real Estate Management & Development | 600 | 409 | |||||||||||
Hangzhou First Applied Material Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 160 | 3,143 | |||||||||||
Hangzhou Oxygen Plant Group Co. Ltd. |
Machinery | 300 | 1,315 | |||||||||||
Hangzhou Robam Appliances Co. Ltd., A |
Household Durables | 300 | 1,571 | |||||||||||
Hangzhou Shunwang Technology Co. Ltd. |
Entertainment | 300 | 571 | |||||||||||
Hangzhou Silan Microelectronics Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 300 | 2,654 | |||||||||||
Hangzhou Tigermed Consulting Co. Ltd. |
Life Sciences Tools & Services | 300 | 8,088 | |||||||||||
b,d |
Hangzhou Tigermed Consulting Co. Ltd., H, 144A, Reg s |
Life Sciences Tools & Services | 600 | 12,771 | ||||||||||
b |
Hansoh Pharmaceutical Group Co. Ltd., 144A |
Pharmaceuticals | 5,000 | 12,717 | ||||||||||
Hefei Meiya Optoelectronic Technology Inc. |
Machinery | 300 | 1,768 | |||||||||||
Heilongjiang Agriculture Co. Ltd., A |
Food Products | 600 | 1,408 | |||||||||||
Hello Group Inc., ADR |
Interactive Media & Services | 696 | 7,364 | |||||||||||
Henan Shuanghui Investment & Development Co. Ltd. |
Food Products | 1,000 | 4,207 | |||||||||||
Hengan International Group Co. Ltd. |
Personal Products | 3,000 | 16,070 | |||||||||||
Hengdian Group DMEGC Magnetics Co. Ltd. |
Electronic Equipment, Instruments & Components | 600 | 1,222 | |||||||||||
Hengli Petrochemical Co. Ltd., A |
Chemicals | 1,060 | 4,277 | |||||||||||
a |
HengTen Networks Group Ltd. |
Internet & Direct Marketing Retail | 12,000 | 3,561 | ||||||||||
Hengyi Petrochemical Co. Ltd., A |
Chemicals | 900 | 1,604 | |||||||||||
Hesteel Co. Ltd. |
Metals & Mining | 2,100 | 905 | |||||||||||
Hithink RoyalFlush Information Network Co. Ltd., A |
Capital Markets | 200 | 3,715 | |||||||||||
a |
Holitech Technology Co. Ltd. |
Electronic Equipment, Instruments & Components | 600 | 316 | ||||||||||
Hongfa Technology Co. Ltd., A |
Electrical Equipment | 300 | 2,900 | |||||||||||
Hongta Securities Co. Ltd., A |
Capital Markets | 780 | 1,426 | |||||||||||
Hopson Development Holdings Ltd. |
Real Estate Management & Development | 2,700 | 9,607 | |||||||||||
Hoshine Silicon Industry Co. Ltd., A |
Chemicals | 200 | 5,562 | |||||||||||
a,b,d |
Hua Hong Semiconductor Ltd., 144A, Reg S |
Semiconductors & Semiconductor Equipment | 2,000 | 10,379 | ||||||||||
Huaan Securities Co. Ltd., A |
Capital Markets | 780 | 648 | |||||||||||
Huadian Power International Corp. Ltd., A |
Independent Power and Renewable Electricity Producers | 2,900 | 2,125 | |||||||||||
Huadian Power International Corp. Ltd., H |
Independent Power and Renewable Electricity Producers | 8,000 | 3,319 | |||||||||||
Huadong Medicine Co. Ltd., A |
Health Care Providers & Services | 600 | 2,759 | |||||||||||
Huafa Industrial Co. Ltd. Zhuhai, A |
Real Estate Management & Development | 600 | 534 | |||||||||||
Huafon Chemical Co. Ltd. |
Chemicals | 1,200 | 2,263 | |||||||||||
Huagong Tech Co. Ltd. |
Electronic Equipment, Instruments & Components | 300 | 1,358 | |||||||||||
Huaibei Mining Holdings Co. Ltd., A |
Metals & Mining | 900 | 2,117 | |||||||||||
Hualan Biological Engineering Inc. |
Biotechnology | 300 | 1,297 | |||||||||||
Huaneng Power International Inc., A |
Independent Power and Renewable Electricity Producers | 2,800 | 3,588 | |||||||||||
Huaneng Power International Inc., H |
Independent Power and Renewable Electricity Producers | 20,000 | 10,765 | |||||||||||
Huapont Life Sciences Co. Ltd. |
Chemicals | 900 | 968 | |||||||||||
b |
Huatai Securities Co. Ltd., 144A |
Capital Markets | 7,000 | 10,808 | ||||||||||
Huatai Securities Co. Ltd., A |
Capital Markets | 2,300 | 6,055 | |||||||||||
Huaxi Securities Co. Ltd. |
Capital Markets | 600 | 894 | |||||||||||
Huaxia Bank Co. Ltd., A |
Banks | 5,100 | 4,401 |
franklintempleton.com |
Semiannual Report |
127 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Huaxin Cement Co. Ltd., A |
Construction Materials | 300 | $ | 951 | ||||||||||
Huaxin Cement Co. Ltd., B |
Construction Materials | 1,500 | 2,760 | |||||||||||
Huayu Automotive Systems Co. Ltd. |
Auto Components | 900 | 3,182 | |||||||||||
Hubei Biocause Pharmaceutical Co. Ltd. |
Insurance | 2,100 | 1,090 | |||||||||||
Hubei Energy Group Co. Ltd. |
Independent Power and Renewable Electricity Producers | 1,200 | 1,116 | |||||||||||
Hubei Xinyangfeng Fertilizer Co. Ltd. |
Chemicals | 600 | 1,645 | |||||||||||
Huizhou Desay Sv Automotive Co. Ltd. |
Household Durables | 200 | 2,606 | |||||||||||
Humanwell Healthcare Group Co. Ltd., A |
Pharmaceuticals | 600 | 1,874 | |||||||||||
a |
Hunan Gold Corp. Ltd. |
Metals & Mining | 300 | 542 | ||||||||||
Hunan Valin Steel Co. Ltd., A |
Metals & Mining | 2,100 | 2,157 | |||||||||||
Hundsun Technologies Inc., A |
Software | 420 | 3,728 | |||||||||||
Huolinhe Opencut Coal Industry Corp. Ltd. of Inner Mongolia |
Oil, Gas & Consumable Fuels | 300 | 706 | |||||||||||
b |
Hygeia Healthcare Holdings Co. Ltd., 144A |
Health Care Providers & Services | 1,200 | 8,956 | ||||||||||
Hytera Communications Corp. Ltd., A |
Communications Equipment | 300 | 260 | |||||||||||
a |
I-Mab, ADR |
Biotechnology | 108 | 7,829 | ||||||||||
Iflytek Co. Ltd. |
Software | 700 | 5,738 | |||||||||||
IInner Mongolia MengDian HuaNeng Thermal Power Co. Ltd., A |
Independent Power and Renewable Electricity Producers | 1,800 | 1,146 | |||||||||||
Industrial and Commercial Bank of China Ltd. |
Banks | 25,200 | 18,195 | |||||||||||
Industrial and Commercial Bank of China Ltd., H |
Banks | 355,000 | 197,459 | |||||||||||
Industrial Bank Co. Ltd., A |
Banks | 6,600 | 18,714 | |||||||||||
Industrial Securities Co. Ltd., A |
Capital Markets | 2,100 | 3,202 | |||||||||||
Ingenic Semiconductor Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 100 | 1,991 | |||||||||||
Inmyshow Digital Technology Group Co. Ltd. |
Media | 600 | 758 | |||||||||||
a |
Inner Mongolia BaoTou Steel Union Co. Ltd., A |
Metals & Mining | 13,200 | 6,483 | ||||||||||
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd., A |
Chemicals | 2,400 | 2,127 | |||||||||||
Inner Mongolia Yili Industrial Group Co. Ltd., A |
Food Products | 1,900 | 11,099 | |||||||||||
Inner Mongolia Yitai Coal Co. Ltd., B |
Oil, Gas & Consumable Fuels | 4,800 | 4,166 | |||||||||||
a,b |
Innovent Biologics Inc., 144A |
Biotechnology | 6,000 | 58,191 | ||||||||||
Inspur Electronic Information Industry Co. Ltd. |
Technology Hardware, Storage & Peripherals | 624 | 2,757 | |||||||||||
Intco Medical Technology Co. Ltd. |
Health Care Equipment & Supplies | 150 | 1,363 | |||||||||||
a |
Iqiyi Inc., ADR |
Entertainment | 1,373 | 11,025 | ||||||||||
JA Solar Technology Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 600 | 6,131 | |||||||||||
Jafron Biomedical Co. Ltd., A |
Health Care Equipment & Supplies | 200 | 1,815 | |||||||||||
Jason Furniture Hangzhou Co. Ltd., A |
Household Durables | 200 | 1,859 | |||||||||||
a,b |
JD Health International Inc., 144A |
Internet & Direct Marketing Retail | 3,300 | 31,836 | ||||||||||
a |
JD.com Inc., A |
Internet & Direct Marketing Retail | 5,700 | 207,362 | ||||||||||
Jiajiayue Group Co. Ltd., A |
Food & Staples Retailing | 300 | 699 | |||||||||||
Jiangsu Changjiang Electronics Technology Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 600 | 2,981 | |||||||||||
Jiangsu Eastern Shenghong Co. Ltd. |
Chemicals | 900 | 3,921 | |||||||||||
Jiangsu Expressway Co. Ltd., A |
Transportation Infrastructure | 300 | 405 | |||||||||||
Jiangsu Expressway Co. Ltd., H |
Transportation Infrastructure | 6,000 | 6,081 | |||||||||||
Jiangsu Hengli Hydraulic Co. Ltd., A |
Machinery | 396 | 5,190 | |||||||||||
Jiangsu Hengrui Medicine Co. Ltd., A |
Pharmaceuticals | 2,032 | 15,815 | |||||||||||
Jiangsu King’s Luck Brewery JSC Ltd |
Beverages | 300 | 2,106 | |||||||||||
Jiangsu Linyang Energy Co. Ltd., A |
Electrical Equipment | 900 | 1,729 |
128 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Jiangsu Yanghe Brewery JST Co. Ltd., A |
Beverages | 500 | $ | 12,866 | ||||||||||
Jiangsu Yangnong Chemical Co. Ltd., A |
Chemicals | 100 | 1,625 | |||||||||||
Jiangsu Yoke Technology Co. Ltd., A |
Chemicals | 300 | 3,549 | |||||||||||
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd. |
Health Care Equipment & Supplies | 300 | 1,507 | |||||||||||
Jiangsu Zhangjiagang Rural Commercial Bank Co. Ltd. |
Banks | 300 | 264 | |||||||||||
Jiangsu Zhongnan Construction Group Co. Ltd. |
Real Estate Management & Development | 1,500 | 1,034 | |||||||||||
Jiangsu Zhongtian Technology Co. Ltd., A |
Electrical Equipment | 900 | 1,269 | |||||||||||
Jiangxi Copper Co. Ltd., A |
Metals & Mining | 600 | 2,274 | |||||||||||
Jiangxi Copper Co. Ltd., H |
Metals & Mining | 5,000 | 9,031 | |||||||||||
Jiangxi Zhengbang Technology Co. Ltd., A |
Food Products | 600 | 877 | |||||||||||
Jilin Aodong Pharmaceutical Group Co. Ltd. |
Pharmaceuticals | 300 | 783 | |||||||||||
Jinduicheng Molybdenum Co. Ltd., A |
Metals & Mining | 900 | 1,049 | |||||||||||
Jinke Properties Group Co. Ltd. |
Real Estate Management & Development | 2,100 | 1,679 | |||||||||||
Jinke Smart Services Group Co. Ltd., H |
Real Estate Management & Development | 600 | 3,368 | |||||||||||
a,b,d |
Jinxin Fertility Group Ltd., 144A, Reg S |
Health Care Providers & Services | 6,500 | 9,686 | ||||||||||
JiuGui Liquor Co. Ltd., A |
Beverages | 100 | 3,838 | |||||||||||
b |
Jiumaojiu International Holdings Ltd., 144A |
Hotels, Restaurants & Leisure | 3,000 | 9,076 | ||||||||||
Jizhong Energy Resources Co. Ltd., A |
Oil, Gas & Consumable Fuels | 900 | 1,258 | |||||||||||
JoInc.are Pharmaceutical Group Industry Co. Ltd., A |
Pharmaceuticals | 600 | 1,058 | |||||||||||
Joinn Laboratories China Co. Ltd., A |
Life Sciences Tools & Services | 100 | 2,448 | |||||||||||
b |
Joinn Laboratories China Co. Ltd., H, 144A |
Life Sciences Tools & Services | 200 | 2,708 | ||||||||||
Jointo Energy Investment Co. Ltd. |
Independent Power and Renewable Electricity Producers | 300 | 269 | |||||||||||
Jointown Pharmaceutical Group Co. Ltd., A |
Health Care Providers & Services | 300 | 720 | |||||||||||
Jonjee Hi-Tech Industrial And Commercial Holding Co. Ltd., A |
Food Products | 300 | 1,480 | |||||||||||
Joyoung Co. Ltd. |
Household Durables | 300 | 1,010 | |||||||||||
JOYY Inc., ADR |
Interactive Media & Services | 237 | 12,995 | |||||||||||
Juewei Food Co. Ltd., A |
Food Products | 100 | 991 | |||||||||||
Kaishan Group Co. Ltd., A |
Machinery | 300 | 838 | |||||||||||
a |
KE Holdings Inc., ADR |
Real Estate Management & Development | 1,056 | 19,283 | ||||||||||
Kerry Logistics Network Ltd. |
Air Freight & Logistics | 2,500 | 5,350 | |||||||||||
Kingboard Holdings Ltd. |
Electronic Equipment, Instruments & Components | 3,500 | 15,848 | |||||||||||
a |
Kingdee International Software Group Co. Ltd. |
Software | 12,000 | 40,156 | ||||||||||
Kingfa Sci & Tech Co. Ltd., A |
Chemicals | 900 | 2,046 | |||||||||||
a,c |
Kingsoft Cloud Holdings Ltd., ADR |
IT Services | 421 | 11,923 | ||||||||||
Kingsoft Corp. Ltd. |
Software | 3,800 | 15,157 | |||||||||||
a,b |
Kuaishou Technology, 144A, B |
Interactive Media & Services | 7,000 | 74,364 | ||||||||||
a |
Kuang-Chi Technologies Co. Ltd. |
Auto Components | 600 | 2,088 | ||||||||||
Kunlun Tech Co. Ltd. |
Entertainment | 300 | 788 | |||||||||||
Kweichow Moutai Co. Ltd., A |
Beverages | 400 | 113,418 | |||||||||||
KWG Group Holdings Ltd. |
Real Estate Management & Development | 6,000 | 5,865 | |||||||||||
d |
KWG Living Group Holdings Ltd., Reg S |
Real Estate Management & Development | 4,000 | 2,960 | ||||||||||
Lakala Payment Co. Ltd., A |
IT Services | 300 | 1,150 | |||||||||||
Lao Feng Xiang Co. Ltd., B |
Textiles, Apparel & Luxury Goods | 900 | 3,056 | |||||||||||
Laobaixing Pharmacy Chain JSC |
Food & Staples Retailing | 100 | 725 | |||||||||||
Lee & Man Paper Manufacturing Ltd. |
Paper & Forest Products | 6,000 | 4,416 |
franklintempleton.com |
Semiannual Report |
129 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
China (continued) | ||||||||||||||
b |
Legend Holdings Corp., 144A |
Technology Hardware, Storage & Peripherals | 2,300 | $ | 4,461 | |||||||||
Lenovo Group Ltd. |
Technology Hardware, Storage & Peripherals | 34,000 | 36,557 | |||||||||||
Lens Technology Co. Ltd. |
Electronic Equipment, Instruments & Components | 1,500 | 4,862 | |||||||||||
Leo Group Co. Ltd. |
Media | 1,800 | 700 | |||||||||||
Lepu Medical Technology Beijing Co. Ltd. |
Health Care Equipment & Supplies | 600 | 2,494 | |||||||||||
Leyard Optoelectronic Co. Ltd. |
Electronic Equipment, Instruments & Components | 1,200 | 1,926 | |||||||||||
a |
Li Auto Inc., ADR |
Automobiles | 1,851 | 48,663 | ||||||||||
Li Ning Co. Ltd. |
Textiles, Apparel & Luxury Goods | 9,500 | 110,015 | |||||||||||
LianChuang Electronic Technology Co. Ltd., A |
Electronic Equipment, Instruments & Components | 300 | 768 | |||||||||||
Lianhe Chemical Technology Co. Ltd. |
Chemicals | 300 | 860 | |||||||||||
Liaoning Cheng Da Co. Ltd., A |
Distributors | 600 | 2,296 | |||||||||||
Liaoning Port Co. Ltd., A |
Transportation Infrastructure | 5,700 | 1,599 | |||||||||||
Liuzhou Iron & Steel Co. Ltd., A |
Metals & Mining | 300 | 298 | |||||||||||
Livzon Pharmaceutical Group Inc. |
Pharmaceuticals | 300 | 1,804 | |||||||||||
Livzon Pharmaceutical Group Inc., H |
Pharmaceuticals | 700 | 2,572 | |||||||||||
Logan Group Co. Ltd. |
Real Estate Management & Development | 5,000 | 5,228 | |||||||||||
Lomon Billions Group Co. Ltd. |
Chemicals | 800 | 3,559 | |||||||||||
b,d |
Longfor Group Holdings Ltd., 144A, Reg S |
Real Estate Management & Development | 8,250 | 38,046 | ||||||||||
LONGi Green Energy Technology Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 1,680 | 21,470 | |||||||||||
Luenmei Quantum Co. Ltd., A |
Water Utilities | 600 | 869 | |||||||||||
a |
Lufax Holding Ltd., ADR |
Consumer Finance | 2,516 | 17,562 | ||||||||||
Luxi Chemical Group Co. Ltd., A |
Chemicals | 600 | 1,748 | |||||||||||
Luxshare Precision Industry Co. Ltd., A |
Electronic Equipment, Instruments & Components | 2,295 | 12,698 | |||||||||||
a,b |
Luye Pharma Group Ltd., 144A |
Pharmaceuticals | 8,000 | 4,183 | ||||||||||
Luzhou Laojiao Co. Ltd., A |
Beverages | 500 | 17,166 | |||||||||||
Maanshan Iron & Steel Co. Ltd., A |
Metals & Mining | 1,500 | 1,150 | |||||||||||
Maanshan Iron & Steel Co. Ltd., H |
Metals & Mining | 4,000 | 1,824 | |||||||||||
Mango Excellent Media Co. Ltd. |
Entertainment | 540 | 3,647 | |||||||||||
Maxscend Microelectronics Co. Ltd., A |
Electronic Equipment, Instruments & Components | 80 | 4,363 | |||||||||||
a |
Meinian Onehealth Healthcare Holdings Co. Ltd. |
Health Care Providers & Services | 1,320 | 1,518 | ||||||||||
a,b |
Meituan Dianping, 144A |
Internet & Direct Marketing Retail | 17,500 | 554,360 | ||||||||||
Metallurgical Corp. of China Ltd. |
Construction & Engineering | 13,000 | 4,008 | |||||||||||
Metallurgical Corp. of China Ltd., A |
Construction & Engineering | 4,800 | 3,235 | |||||||||||
Microport Scientific Corp. |
Health Care Equipment & Supplies | 2,200 | 12,406 | |||||||||||
Ming Yuan Cloud Group Holdings Ltd. |
Software | 3,000 | 10,405 | |||||||||||
MINISO Group Holding Ltd., ADR |
Multiline Retail | 312 | 4,755 | |||||||||||
Minth Group Ltd. |
Auto Components | 3,000 | 10,251 | |||||||||||
a |
MMG Ltd. |
Metals & Mining | 12,000 | 5,072 | ||||||||||
Montage Technology Co. Ltd. |
Semiconductors & Semiconductor Equipment | 415 | 3,820 | |||||||||||
a |
Montnets Rongxin Technology Group Co. Ltd. |
Software | 300 | 836 | ||||||||||
Muyuan Foods Co. Ltd. |
Food Products | 1,596 | 12,834 | |||||||||||
NanJi E-Commerce Co. Ltd. |
Media | 600 | 614 | |||||||||||
Nanjing Hanrui Cobalt Co. Ltd., A |
Metals & Mining | 100 | 1,161 | |||||||||||
Nanjing Iron & Steel Co. Ltd., A |
Metals & Mining | 1,200 | 740 | |||||||||||
Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd. |
Pharmaceuticals | 300 | 1,673 | |||||||||||
Nanjing Securities Co. Ltd., A |
Capital Markets | 900 | 1,389 | |||||||||||
Nanyang Topsec Technologies Group Inc., A |
Electrical Equipment | 600 | 1,487 | |||||||||||
Nari Technology Development Co. Ltd., A |
Electrical Equipment | 1,800 | 10,015 | |||||||||||
a |
National Silicon Industry Group Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 500 | 2,220 | ||||||||||
NAURA Technology Group Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 200 | 11,332 | |||||||||||
a |
NavInfo Co. Ltd. |
Household Durables | 600 | 1,024 | ||||||||||
NetEase Inc. |
Entertainment | 6,600 | 111,489 | |||||||||||
New China Life Insurance Co. Ltd., A |
Insurance | 600 | 3,733 | |||||||||||
New China Life Insurance Co. Ltd., H |
Insurance | 4,200 | 12,409 | |||||||||||
a |
New Hope Liuhe Co. Ltd. |
Food Products | 1,500 | 3,430 |
130 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
China (continued) | ||||||||||||||
a |
New Oriental Education & Technology Group Inc., ADR |
Diversified Consumer Services | 6,768 | $ | 13,874 | |||||||||
Newland Digital Technology Co. Ltd. |
Software | 300 | 714 | |||||||||||
Nexteer Automotive Group Ltd. |
Auto Components | 4,000 | 4,131 | |||||||||||
Nine Dragons Paper Holdings Ltd. |
Paper & Forest Products | 7,000 | 8,623 | |||||||||||
Ninestar Corp. |
Technology Hardware, Storage & Peripherals | 300 | 1,736 | |||||||||||
Ningbo Joyson Electronic Corp. |
Auto Components | 400 | 1,081 | |||||||||||
Ningbo Sanxing Medical Electric Co. Ltd., A |
Electrical Equipment | 300 | 764 | |||||||||||
Ningbo Tuopu Group Co. Ltd., A |
Auto Components | 300 | 1,694 | |||||||||||
Ningbo Zhoushan Port Co. Ltd., A |
Transportation Infrastructure | 3,300 | 2,020 | |||||||||||
Ningxia Baofeng Energy Group Co. Ltd., A |
Chemicals | 900 | 2,242 | |||||||||||
a |
NIO Inc., ADR |
Automobiles | 5,838 | 208,008 | ||||||||||
North Huajin Chemical Industries Co. Ltd. |
Chemicals | 1,200 | 1,302 | |||||||||||
a |
North Industries Group Red Arrow Co. Ltd., A |
Machinery | 300 | 879 | ||||||||||
Northeast Securities Co. Ltd. |
Capital Markets | 600 | 802 | |||||||||||
NSFOCUS Information Technology Co. Ltd. |
Software | 300 | 837 | |||||||||||
a |
Oceanwide Holdings Co. Ltd. |
Diversified Financial Services | 600 | 186 | ||||||||||
a |
Offcn Education Technology Co. Ltd., A |
Diversified Consumer Services | 600 | 1,008 | ||||||||||
Offshore Oil Engineering Co. Ltd., A |
Energy Equipment & Services | 1,500 | 1,113 | |||||||||||
OFILM Group Co. Ltd. |
Electronic Equipment, Instruments & Components | 600 | 781 | |||||||||||
a |
OneConnect Financial Technology Co. Ltd., ADR |
Software | 562 | 2,304 | ||||||||||
Oppein Home Group Inc., A |
Household Durables | 100 | 2,028 | |||||||||||
ORG Technology Co. Ltd. |
Containers & Packaging | 600 | 593 | |||||||||||
b |
Orient Securities Co. Ltd. of China, 144A |
Capital Markets | 3,200 | 3,124 | ||||||||||
Oriental Energy Co. Ltd., A |
Oil, Gas & Consumable Fuels | 600 | 1,265 | |||||||||||
a |
Ourpalm Co. Ltd. |
Entertainment | 1,200 | 701 | ||||||||||
Ovctek China Inc., A |
Health Care Equipment & Supplies | 300 | 3,796 | |||||||||||
a |
Pangang Group Vanadium Titanium & Resources Co. Ltd., A |
Metals & Mining | 2,100 | 1,559 | ||||||||||
People.cn Co. Ltd. |
Media | 600 | 1,224 | |||||||||||
Perfect World Co. Ltd. |
Entertainment | 300 | 701 | |||||||||||
PetroChina Co. Ltd., H |
Oil, Gas & Consumable Fuels | 94,000 | 44,557 | |||||||||||
Pharmaron Beijing Co. Ltd., A |
Life Sciences Tools & Services | 100 | 3,338 | |||||||||||
b,d |
Pharmaron Beijing Co. Ltd., H, 144A, Reg s |
Life Sciences Tools & Services | 600 | 14,359 | ||||||||||
PICC Property and Casualty Co. Ltd., H |
Insurance | 30,000 | 29,096 | |||||||||||
a |
Pinduoduo Inc., ADR |
Internet & Direct Marketing Retail | 1,671 | 151,510 | ||||||||||
Ping An Bank Co. Ltd., A |
Banks | 6,300 | 17,502 | |||||||||||
a,b,d |
Ping An Healthcare and Technology Co. Ltd., 144A, Reg S |
Health Care Technology | 1,700 | 11,050 | ||||||||||
Ping An Insurance Group Co. of China Ltd., A |
Insurance | 3,500 | 26,226 | |||||||||||
Ping An Insurance Group Co. of China Ltd., H |
Insurance | 27,000 | 184,690 | |||||||||||
Pingdingshan Tianan Coal Mining Co. Ltd., A |
Oil, Gas & Consumable Fuels | 900 | 1,779 | |||||||||||
Poly Developments and Holdings Group Co. Ltd., A |
Real Estate Management & Development | 3,900 | 8,478 | |||||||||||
Poly Property Services Co. Ltd., H |
Real Estate Management & Development | 600 | 3,576 | |||||||||||
b |
Pop Mart International Group Ltd., 144A |
Specialty Retail | 2,000 | 13,681 | ||||||||||
b |
Postal Savings Bank of China Co. Ltd., 144A |
Banks | 42,000 | 29,026 | ||||||||||
Power Construction Corp. of China Ltd. |
Construction & Engineering | 3,300 | 4,331 | |||||||||||
Proya Cosmetics Co. Ltd. |
Personal Products | 100 | 2,688 | |||||||||||
Qingdao Port International Co. Ltd., A |
Transportation Infrastructure | 300 | 270 | |||||||||||
Qingdao TGOOD Electric Co. Ltd. |
Electrical Equipment | 300 | 1,190 | |||||||||||
Qinhuangdao Port Co. Ltd., A |
Transportation Infrastructure | 600 | 271 | |||||||||||
Raytron Technology Co. Ltd., A |
Electronic Equipment, Instruments & Components | 200 | 2,718 | |||||||||||
a,b |
Red Star Macalline Group Corp. Ltd., 144A |
Real Estate Management & Development | 3,000 | 1,746 | ||||||||||
a |
Red Star Macalline Group Corp. Ltd., A |
Real Estate Management & Development | 320 | 465 | ||||||||||
a,b |
Remegen Co. Ltd., H, 144A |
Biotechnology | 500 | 6,333 |
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Semiannual Report |
131 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
China (continued) | ||||||||||||||
RiseSun Real Estate Development Co. Ltd. |
Real Estate Management & Development | 900 | $ | 672 | ||||||||||
a |
RLX Technology Inc., ADR |
Tobacco | 3,279 | 14,821 | ||||||||||
Rongsheng Petro Chemical Co. Ltd. |
Chemicals | 1,050 | 3,059 | |||||||||||
SAIC Motor Corp Ltd |
Automobiles | 3,000 | 8,869 | |||||||||||
Sanan Optoelectronics Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 1,500 | 7,365 | |||||||||||
Sangfor Technologies Inc. |
Software | 100 | 3,635 | |||||||||||
Sansteel Minguang Co. Ltd. |
Metals & Mining | 600 | 812 | |||||||||||
Sany Heavy Industry Co. Ltd., A |
Machinery | 2,700 | 10,643 | |||||||||||
SDIC Capital Co. Ltd., A |
Capital Markets | 912 | 1,244 | |||||||||||
SDIC Power Holdings Co. Ltd., A |
Independent Power and Renewable Electricity Producers | 2,400 | 4,485 | |||||||||||
Sealand Securities Co. Ltd. |
Capital Markets | 1,080 | 688 | |||||||||||
Seazen Group Ltd. |
Real Estate Management & Development | 8,000 | 6,402 | |||||||||||
Seazen Holdings Co. Ltd., A |
Real Estate Management & Development | 700 | 4,043 | |||||||||||
SF Holding Co. Ltd. |
Air Freight & Logistics | 900 | 9,113 | |||||||||||
SG Micro Corp., A |
Semiconductors & Semiconductor Equipment | 100 | 5,155 | |||||||||||
Shaanxi Coal Industry Co. Ltd. |
Oil, Gas & Consumable Fuels | 2,400 | 5,504 | |||||||||||
Shaanxi International Trust Co. Ltd. |
Capital Markets | 600 | 304 | |||||||||||
Shandong Chenming Paper Holdings Ltd., A |
Paper & Forest Products | 600 | 747 | |||||||||||
Shandong Chenming Paper Holdings Ltd., B |
Paper & Forest Products | 3,000 | 1,634 | |||||||||||
Shandong Chenming Paper Holdings Ltd., H |
Paper & Forest Products | 2,500 | 1,436 | |||||||||||
Shandong Denghai Seeds Co. Ltd. |
Food Products | 300 | 959 | |||||||||||
b |
Shandong Gold Mining Co. Ltd., 144A |
Metals & Mining | 3,000 | 5,310 | ||||||||||
Shandong Gold Mining Co. Ltd., A |
Metals & Mining | 1,320 | 4,011 | |||||||||||
Shandong Hi-speed Co. Ltd., A |
Transportation Infrastructure | 900 | 773 | |||||||||||
Shandong Himile Mechanical Science & Technology Co. Ltd. |
Machinery | 300 | 1,183 | |||||||||||
Shandong Hualu Hengsheng Chemical Co. Ltd., A |
Chemicals | 600 | 3,061 | |||||||||||
Shandong Humon Smelting Co. Ltd. |
Metals & Mining | 300 | 551 | |||||||||||
Shandong Linglong Tyre Co. Ltd., A |
Auto Components | 300 | 1,639 | |||||||||||
Shandong Nanshan Aluminum Co. Ltd., A |
Metals & Mining | 4,200 | 2,844 | |||||||||||
Shandong Pharmaceutical Glass Co. Ltd., A |
Health Care Equipment & Supplies | 300 | 1,385 | |||||||||||
Shandong Publishing & Media Co. Ltd., A |
Media | 600 | 567 | |||||||||||
Shandong Sun Paper Industry JSC Ltd., A |
Paper & Forest Products | 600 | 1,112 | |||||||||||
Shandong Weigao Group Medical Polymer Co. Ltd., H |
Health Care Equipment & Supplies | 12,000 | 21,458 | |||||||||||
a |
Shanghai 2345 Network Holding Group Co. Ltd. |
Software | 900 | 283 | ||||||||||
Shanghai AJ Group Co. Ltd., A |
Diversified Financial Services | 300 | 325 | |||||||||||
Shanghai Bailian Group Co. Ltd. |
Food & Staples Retailing | 600 | 1,341 | |||||||||||
Shanghai Bailian Group Co. Ltd., B |
Food & Staples Retailing | 1,200 | 1,094 | |||||||||||
Shanghai Bairun Investment Holding Group Co. Ltd. |
Beverages | 280 | 3,232 | |||||||||||
Shanghai Baosight Software Co. Ltd., A |
Software | 300 | 3,068 | |||||||||||
Shanghai Baosight Software Co. Ltd., B |
Software | 1,740 | 6,515 | |||||||||||
Shanghai Construction Group Co. Ltd., A |
Construction & Engineering | 2,100 | 1,334 | |||||||||||
Shanghai Dazhong Public Utilities Group Co. Ltd., A |
Gas Utilities | 600 | 385 | |||||||||||
Shanghai Electric Group Co. Ltd., A |
Electrical Equipment | 3,300 | 2,659 | |||||||||||
Shanghai Electric Group Co. Ltd., H |
Electrical Equipment | 12,000 | 3,761 |
132 |
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FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Shanghai Electric Power Co. Ltd., A |
Independent Power and Renewable Electricity Producers | 300 | $ | 575 | ||||||||||
Shanghai Environment Group Co. Ltd., A |
Commercial Services & Supplies | 300 | 611 | |||||||||||
Shanghai Fosun Pharmaceutical Group Co. Ltd., A |
Pharmaceuticals | 600 | 4,862 | |||||||||||
Shanghai Fosun Pharmaceutical Group Co. Ltd., H |
Pharmaceuticals | 2,500 | 12,862 | |||||||||||
Shanghai Huayi Group Co. Ltd., B |
Chemicals | 1,800 | 1,316 | |||||||||||
Shanghai Industrial Development Co. Ltd., A |
Real Estate Management & Development | 300 | 191 | |||||||||||
a |
Shanghai International Airport Co. Ltd., A |
Transportation Infrastructure | 600 | 4,114 | ||||||||||
Shanghai International Port Group Co. Ltd., A |
Transportation Infrastructure | 3,900 | 3,680 | |||||||||||
Shanghai Jahwa United Co. Ltd., A |
Personal Products | 300 | 2,038 | |||||||||||
Shanghai Jinjiang International Hotels Co. Ltd. |
Hotels, Restaurants & Leisure | 900 | 1,665 | |||||||||||
Shanghai Jinjiang International Hotels Co. Ltd., A |
Hotels, Restaurants & Leisure | 300 | 2,113 | |||||||||||
Shanghai Jinqiao Export Processing Zone Development Co. Ltd., B |
Real Estate Management & Development | 1,500 | 1,347 | |||||||||||
a,b |
Shanghai Junshi Biosciences Co. Ltd., H, 144A |
Biotechnology | 800 | 4,070 | ||||||||||
Shanghai Lingang Holdings Corp. Ltd. |
Real Estate Management & Development | 720 | 1,679 | |||||||||||
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., A |
Real Estate Management & Development | 600 | 1,059 | |||||||||||
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., B |
Real Estate Management & Development | 5,180 | 4,693 | |||||||||||
Shanghai M&G Stationery Inc., A |
Commercial Services & Supplies | 300 | 3,160 | |||||||||||
Shanghai Mechanical and Electrical Industry Co. Ltd., A |
Machinery | 300 | 692 | |||||||||||
Shanghai Mechanical and Electrical Industry Co. Ltd., B |
Machinery | 1,200 | 1,550 | |||||||||||
Shanghai Pharmaceuticals Holding Co. Ltd., A |
Health Care Providers & Services | 600 | 1,778 | |||||||||||
Shanghai Pharmaceuticals Holding Co. Ltd., H |
Health Care Providers & Services | 3,800 | 7,381 | |||||||||||
Shanghai Pudong Development Bank Co. Ltd., A |
Banks | 9,000 | 12,550 | |||||||||||
Shanghai Putailai New Energy Technology Co. Ltd., A |
Chemicals | 220 | 5,863 | |||||||||||
Shanghai RAAS Blood Products Co. Ltd., A |
Biotechnology | 1,500 | 1,585 | |||||||||||
Shanghai Shibei Hi-Tech Co. Ltd., B |
Real Estate Management & Development | 2,700 | 775 | |||||||||||
Shanghai Shimao Co. Ltd., A |
Real Estate Management & Development | 1,200 | 658 | |||||||||||
Shanghai Tunnel Engineering Co. Ltd., A |
Construction & Engineering | 1,200 | 1,051 | |||||||||||
Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd. |
Trading Companies & Distributors | 1,200 | 1,094 | |||||||||||
Shanghai Yuyuan Tourist Mart Group Co. Ltd., A |
Specialty Retail | 1,500 | 2,373 | |||||||||||
Shanghai Zhangjiang High-Tech Park Development Co. Ltd., A |
Real Estate Management & Development | 300 | 785 | |||||||||||
a |
Shanghai Zhenhua Port Machinery Co. Ltd., B |
Machinery | 6,080 | 1,794 | ||||||||||
a |
Shangri-La Asia Ltd. |
Hotels, Restaurants & Leisure | 4,000 | 3,181 | ||||||||||
Shanxi Lu’an Environmental Energy Development Co. Ltd., A |
Oil, Gas & Consumable Fuels | 900 | 2,093 | |||||||||||
Shanxi Securities Co. Ltd. |
Capital Markets | 720 | 732 |
franklintempleton.com |
Semiannual Report |
133 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Shanxi Taigang Stainless Steel Co. Ltd., A |
Metals & Mining | 1,800 | $ | 2,708 | ||||||||||
Shanxi Xinghuacun Fen Wine Factory Co. Ltd., A |
Beverages | 300 | 14,665 | |||||||||||
Shanxi Xishan Coal & Electricity Power Co. Ltd. |
Oil, Gas & Consumable Fuels | 1,080 | 1,985 | |||||||||||
Shanying International Holding Co. Ltd., A |
Paper & Forest Products | 900 | 477 | |||||||||||
Shenergy Co. Ltd., A |
Independent Power and Renewable Electricity Producers | 1,700 | 2,086 | |||||||||||
Shenghe Resources Holding Co. Ltd., A |
Metals & Mining | 600 | 1,869 | |||||||||||
Shengyi Technology Co. Ltd., A |
Electronic Equipment, Instruments & Components | 900 | 3,020 | |||||||||||
Shenwan Hongyuan Group Co. Ltd. |
Capital Markets | 7,200 | 6,136 | |||||||||||
b,d |
Shenwan Hongyuan Group Co. Ltd., 144A, Reg S |
Capital Markets | 7,200 | 1,905 | ||||||||||
Shenzhen Accord Pharmaceutical Co. Ltd., B |
Health Care Providers & Services | 300 | 778 | |||||||||||
Shenzhen Agricultural Products Group Co. Ltd. |
Food & Staples Retailing | 300 | 272 | |||||||||||
a |
Shenzhen Airport Co. Ltd. |
Transportation Infrastructure | 600 | 689 | ||||||||||
Shenzhen Aisidi Co. Ltd. |
Electronic Equipment, Instruments & Components | 300 | 468 | |||||||||||
Shenzhen Capchem Technology Co. Ltd., A |
Chemicals | 100 | 2,402 | |||||||||||
Shenzhen Energy Group Co. Ltd. |
Independent Power and Renewable Electricity Producers | 1,580 | 2,331 | |||||||||||
Shenzhen Everwin Precision Technology Co. Ltd. |
Electronic Equipment, Instruments & Components | 360 | 805 | |||||||||||
Shenzhen Expressway Co. Ltd., H |
Transportation Infrastructure | 4,000 | 3,967 | |||||||||||
Shenzhen Gas Corporation Ltd., A |
Gas Utilities | 900 | 1,429 | |||||||||||
b |
Shenzhen Hepalink Pharmaceutical Group Co. Ltd., 144A |
Pharmaceuticals | 500 | 543 | ||||||||||
Shenzhen Huaqiang Industry Co. Ltd. |
Real Estate Management & Development | 300 | 657 | |||||||||||
Shenzhen Inovance Technology Co. Ltd. |
Machinery | 900 | 8,785 | |||||||||||
Shenzhen International Holdings Ltd. |
Transportation Infrastructure | 4,500 | 5,792 | |||||||||||
Shenzhen Investment Ltd. |
Real Estate Management & Development | 10,000 | 2,518 | |||||||||||
Shenzhen Jinjia Group Co. Ltd. |
Containers & Packaging | 300 | 492 | |||||||||||
Shenzhen Kaifa Technology Co. Ltd. |
Technology Hardware, Storage & Peripherals | 300 | 653 | |||||||||||
Shenzhen Kangtai Biological Products Co. Ltd. |
Biotechnology | 200 | 3,413 | |||||||||||
Shenzhen Kingdom Sci-Tech Co. Ltd., A |
Software | 300 | 598 | |||||||||||
Shenzhen Mindray Bio-Medical Electronics Co. Ltd., A |
Health Care Equipment & Supplies | 300 | 17,915 | |||||||||||
a |
Shenzhen MTC Co. Ltd. |
Household Durables | 1,800 | 1,381 | ||||||||||
Shenzhen Overseas Chinese Town Co. Ltd. |
Hotels, Restaurants & Leisure | 3,000 | 3,482 | |||||||||||
a |
Shenzhen Salubris Pharmaceuticals Co. Ltd. |
Pharmaceuticals | 300 | 1,346 | ||||||||||
Shenzhen SC New Energy Technology Corp., A |
Semiconductors & Semiconductor Equipment | 100 | 2,129 | |||||||||||
Shenzhen Sunway Communication Co. Ltd. |
Communications Equipment | 300 | 1,048 | |||||||||||
Shenzhen Transsion Holdings Co. Ltd., A |
Technology Hardware, Storage & Peripherals | 300 | 6,554 | |||||||||||
Shenzhen YUTO Packaging Technology Co. Ltd. |
Containers & Packaging | 300 | 1,389 | |||||||||||
Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd., A |
Metals & Mining | 900 | 715 | |||||||||||
Shenzhou International Group Holdings Ltd. |
Textiles, Apparel & Luxury Goods | 3,400 | 72,414 | |||||||||||
a |
Shijiazhuang Changshan BeiMing Technology Co. Ltd. |
Textiles, Apparel & Luxury Goods | 300 | 344 |
134 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Shijiazhuang Yiling Pharmaceutical Co. Ltd. |
Pharmaceuticals | 420 | $ | 1,082 | ||||||||||
b |
Shimao Services Holdings Ltd., 144A |
Real Estate Management & Development | 3,000 | 6,205 | ||||||||||
Shui On Land Ltd. |
Real Estate Management & Development | 15,500 | 2,330 | |||||||||||
a |
Siasun Robot & Automation Co. Ltd. |
Machinery | 300 | 476 | ||||||||||
Sichuan Chuantou Energy Co Ltd., A |
Independent Power and Renewable Electricity Producers | 1,200 | 2,672 | |||||||||||
a |
Sichuan Hebang Biotechnology Co. Ltd., A |
Chemicals | 1,800 | 1,096 | ||||||||||
Sichuan Kelun Pharmaceutical Co. Ltd. |
Pharmaceuticals | 300 | 835 | |||||||||||
a |
Sichuan Languang Development Co. Ltd., A |
Real Estate Management & Development | 300 | 92 | ||||||||||
Sichuan Road & Bridge Co. Ltd., A |
Construction & Engineering | 1,500 | 1,962 | |||||||||||
Sichuan Swellfun Co. Ltd., A |
Beverages | 200 | 3,940 | |||||||||||
Sieyuan Electric Co. Ltd. |
Electrical Equipment | 300 | 1,839 | |||||||||||
Silergy Corp. |
Semiconductors & Semiconductor Equipment | 300 | 44,202 | |||||||||||
Sino-Ocean Land Holdings Ltd. |
Real Estate Management & Development | 15,000 | 2,948 | |||||||||||
Sinolink Securities Co. Ltd., A |
Capital Markets | 1,200 | 2,123 | |||||||||||
Sinoma International Engineering Co. |
Construction & Engineering | 900 | 1,590 | |||||||||||
Sinoma Science & Technology Co. Ltd. |
Chemicals | 600 | 3,291 | |||||||||||
Sinopec Engineering Group Co. Ltd. |
Construction & Engineering | 6,500 | 3,307 | |||||||||||
a |
Sinopec Oilfield Service Corp. |
Energy Equipment & Services | 12,000 | 1,264 | ||||||||||
a |
Sinopec Oilfield Service Corp., A |
Energy Equipment & Services | 900 | 353 | ||||||||||
Sinopec Shanghai Petrochemical Co. Ltd., A |
Chemicals | 2,700 | 1,778 | |||||||||||
Sinopec Shanghai Petrochemical Co. Ltd., H |
Chemicals | 16,000 | 3,905 | |||||||||||
Sinopharm Group Co. Ltd., H |
Health Care Providers & Services | 5,600 | 14,603 | |||||||||||
Sinotrans Ltd., A |
Air Freight & Logistics | 1,500 | 1,269 | |||||||||||
Sinotrans Ltd., H |
Air Freight & Logistics | 9,000 | 3,538 | |||||||||||
Sinotruk Hong Kong Ltd. |
Machinery | 3,000 | 4,470 | |||||||||||
SITC International Holdings Co. Ltd. |
Marine | 5,000 | 17,952 | |||||||||||
Skshu Paint Co. Ltd., A |
Chemicals | 100 | 1,549 | |||||||||||
b |
Smoore International Holdings Ltd., 144A |
Tobacco | 8,000 | 37,304 | ||||||||||
a |
Soho China Ltd. |
Real Estate Management & Development | 8,000 | 2,127 | ||||||||||
Songcheng Performance Development Co. Ltd. |
Hotels, Restaurants & Leisure | 1,060 | 2,312 | |||||||||||
SooChow Securities Co. Ltd., A |
Capital Markets | 1,220 | 1,885 | |||||||||||
Southwest Securities Co. Ltd., A |
Capital Markets | 1,200 | 950 | |||||||||||
a |
Spring Airlines Co. Ltd., A |
Airlines | 300 | 2,537 | ||||||||||
a |
STO Express Co. Ltd. |
Air Freight & Logistics | 300 | 351 | ||||||||||
Sun Art Retail Group Ltd. |
Food & Staples Retailing | 6,500 | 3,006 | |||||||||||
Sunac China Holdings Ltd. |
Real Estate Management & Development | 11,000 | 23,456 | |||||||||||
a,b |
Sunac Services Holdings Ltd., 144A |
Real Estate Management & Development | 2,000 | 4,136 | ||||||||||
Sungrow Power Supply Co. Ltd. |
Electrical Equipment | 500 | 11,495 | |||||||||||
a |
Suning Universal Co. Ltd. |
Real Estate Management & Development | 1,500 | 1,116 | ||||||||||
a |
Suning.com Co. Ltd. |
Specialty Retail | 3,600 | 2,783 | ||||||||||
Sunny Optical Technology Group Co. Ltd. |
Electronic Equipment, Instruments & Components | 2,900 | 76,294 | |||||||||||
Sunwoda Electronic Co. Ltd., A |
Electrical Equipment | 600 | 3,477 | |||||||||||
Suofeiya Home Collection Co. Ltd. |
Household Durables | 300 | 773 | |||||||||||
Suzhou Dongshan Precision Manufacturing Co. Ltd., A |
Electronic Equipment, Instruments & Components | 600 | 1,941 | |||||||||||
Suzhou Gold Mantis Construction Decoration Co. Ltd. |
Construction & Engineering | 600 | 587 | |||||||||||
a |
TAL Education Group, ADR |
Diversified Consumer Services | 2,010 | 9,728 | ||||||||||
Tangshan Jidong Cement Co. Ltd. |
Construction Materials | 300 | 598 | |||||||||||
TangShan Port Group Co. Ltd., A |
Transportation Infrastructure | 1,200 | 517 |
franklintempleton.com |
Semiannual Report |
135 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Tangshan Sanyou Chemical Industries Co. Ltd., A |
Chemicals | 600 | $ | 1,036 | ||||||||||
TBEA Co. Ltd., A |
Electrical Equipment | 1,200 | 4,509 | |||||||||||
TCL Corp. |
Household Durables | 4,800 | 4,656 | |||||||||||
Tencent Holdings Ltd. |
Interactive Media & Services | 27,000 | 1,600,303 | |||||||||||
a |
Tencent Music Entertainment Group, ADR |
Entertainment | 2,647 | 19,191 | ||||||||||
a |
The China Pacific Securities Co. Ltd., A |
Capital Markets | 1,500 | 758 | ||||||||||
The People’s Insurance Co. Group of China Ltd., H |
Insurance | 37,000 | 11,502 | |||||||||||
Thunder Software Technology Co. Ltd. |
Software | 100 | 1,940 | |||||||||||
Tian Di Science & Technology Co. Ltd., A |
Machinery | 1,200 | 976 | |||||||||||
a |
Tianfeng Securities Co. Ltd., A |
Capital Markets | 2,940 | 1,986 | ||||||||||
Tianjin Chase Sun Pharmaceutical Co. Ltd. |
Pharmaceuticals | 1,500 | 997 | |||||||||||
Tianjin Zhonghuan Semiconductor Co. Ltd. |
Semiconductors & Semiconductor Equipment | 900 | 6,396 | |||||||||||
Tianma Microelectronics Co. Ltd. |
Electronic Equipment, Instruments & Components | 700 | 1,472 | |||||||||||
Tianshan Aluminum Group Co. Ltd., A |
Machinery | 600 | 898 | |||||||||||
Tianshui Huatian Technology Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 900 | 1,686 | |||||||||||
Times China Holdings Ltd. |
Real Estate Management & Development | 3,000 | 2,493 | |||||||||||
Tingyi Cayman Islands Holding Corp. |
Food Products | 8,000 | 14,881 | |||||||||||
a,d |
Tongcheng-Elong Holdings Ltd., Reg S |
Internet & Direct Marketing Retail | 4,000 | 9,670 | ||||||||||
TongFu Microelectronics Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 600 | 1,764 | |||||||||||
Tonghua Dongbao Pharmaceutical Co. Ltd. |
Pharmaceuticals | 600 | 978 | |||||||||||
Tongkun Group Co. Ltd., A |
Chemicals | 900 | 3,059 | |||||||||||
Tongling Nonferrous Metals Group Co. Ltd. |
Metals & Mining | 4,200 | 2,544 | |||||||||||
Tongwei Co. Ltd., A |
Food Products | 1,200 | 9,471 | |||||||||||
a |
Topchoice Medical Investment Corp., A |
Health Care Providers & Services | 100 | 4,680 | ||||||||||
b |
Topsports International Holdings Ltd., 144A |
Specialty Retail | 8,000 | 9,146 | ||||||||||
Towngas China Co. Ltd. |
Gas Utilities | 5,000 | 3,122 | |||||||||||
TravelSky Technology Ltd., H |
IT Services | 4,000 | 7,707 | |||||||||||
a |
Trip.com Group Ltd., ADR |
Internet & Direct Marketing Retail | 2,394 | 73,615 | ||||||||||
Tsingtao Brewery Co. Ltd., A |
Beverages | 200 | 2,496 | |||||||||||
Tsingtao Brewery Co. Ltd., H |
Beverages | 2,100 | 16,455 | |||||||||||
a |
Tuya Inc., ADR |
Software | 204 | 1,850 | ||||||||||
Uni-President China Holdings Ltd. |
Food Products | 5,000 | 4,759 | |||||||||||
Unigroup Guoxin Microelectronics Co. Ltd. |
Semiconductors & Semiconductor Equipment | 200 | 6,408 | |||||||||||
Unisplendour Corp. Ltd. |
Electronic Equipment, Instruments & Components | 460 | 1,778 | |||||||||||
Universal Scientific Industrial Shanghai Co. Ltd., A |
Electronic Equipment, Instruments & Components | 300 | 644 | |||||||||||
Valiant Co. Ltd., A |
Chemicals | 300 | 877 | |||||||||||
a |
Vipshop Holdings Ltd., ADR |
Internet & Direct Marketing Retail | 1,959 | 21,823 | ||||||||||
Walvax Biotechnology Co. Ltd. |
Biotechnology | 300 | 2,937 | |||||||||||
Wangfujing Group Co. Ltd., A |
Multiline Retail | 300 | 1,381 | |||||||||||
Wangsu Science & Technology Co. Ltd. |
IT Services | 600 | 535 | |||||||||||
Wanhua Chemical Group Co. Ltd., A |
Chemicals | 1,000 | 16,540 | |||||||||||
Want Want China Holdings Ltd. |
Food Products | 24,000 | 18,159 | |||||||||||
Wanxiang Qianchao Co. Ltd. |
Auto Components | 1,200 | 1,047 | |||||||||||
a |
Weibo Corp., ADR |
Interactive Media & Services | 249 | 11,825 | ||||||||||
Weichai Power Co. Ltd., A |
Machinery | 2,100 | 5,583 | |||||||||||
Weichai Power Co. Ltd., H |
Machinery | 9,000 | 18,706 | |||||||||||
Weifu High-Technology Co. Ltd., B |
Auto Components | 900 | 1,728 | |||||||||||
Weifu High-Technology Group Co. Ltd., A |
Auto Components | 300 | 961 | |||||||||||
Weihai Guangwei Composites Co. Ltd., A |
Chemicals | 300 | 3,046 | |||||||||||
Wens Foodstuffs Group Co. Ltd. |
Food Products | 720 | 1,614 | |||||||||||
Western Securities Co. Ltd. |
Capital Markets | 900 | 1,155 | |||||||||||
Western Superconducting Technologies Co. Ltd., A |
Metals & Mining | 200 | 2,225 |
136 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
China (continued) | ||||||||||||||
Westone Information Industry Inc. |
Electronic Equipment, Instruments & Components | 300 | $ | 1,931 | ||||||||||
Will Semiconductor Ltd., A |
Semiconductors & Semiconductor Equipment | 200 | 7,518 | |||||||||||
Wingtech Technology Co. Ltd., A |
Electronic Equipment, Instruments & Components | 400 | 5,805 | |||||||||||
Winning Health Technology Group Co. Ltd. |
Health Care Technology | 600 | 1,351 | |||||||||||
Wolong Electric Group Co. Ltd., A |
Electrical Equipment | 300 | 618 | |||||||||||
Wuchan Zhongda Group Co. Ltd., A |
Distributors | 900 | 904 | |||||||||||
Wuhan Guide Infrared Co. Ltd. |
Electronic Equipment, Instruments & Components | 616 | 2,231 | |||||||||||
Wuhu Sanqi Interactive Entertainment NetworkTechnology Group Co. Ltd. |
Entertainment | 600 | 1,951 | |||||||||||
Wuliangye Yibin Co. Ltd., A |
Beverages | 1,200 | 40,791 | |||||||||||
WUS Printed Circuit Kunshan Co. Ltd. |
Electronic Equipment, Instruments & Components | 990 | 1,720 | |||||||||||
b |
WuXi AppTec Co. Ltd., 144A |
Life Sciences Tools & Services | 1,540 | 36,024 | ||||||||||
WuXi AppTec Co. Ltd., A |
Life Sciences Tools & Services | 300 | 7,103 | |||||||||||
a,b |
WuXi Biologics (Cayman) Inc., 144A |
Life Sciences Tools & Services | 15,000 | 243,749 | ||||||||||
Wuxi Lead Intelligent Equipment Co. Ltd. |
Electronic Equipment, Instruments & Components | 280 | 3,029 | |||||||||||
Wuxi Shangji Automation Co. Ltd., A |
Machinery | 100 | 4,331 | |||||||||||
XCMG Construction Machinery Co. Ltd. |
Machinery | 2,100 | 2,274 | |||||||||||
Xiamen C & D Inc., A |
Trading Companies & Distributors | 900 | 1,166 | |||||||||||
Xiamen ITG Group Corp. Ltd., A |
Trading Companies & Distributors | 600 | 725 | |||||||||||
Xiamen Meiya Pico Information Co. Ltd. |
Electronic Equipment, Instruments & Components | 300 | 766 | |||||||||||
Xiamen Tungsten Co. Ltd., A |
Metals & Mining | 300 | 1,101 | |||||||||||
a |
Xian International Medical Investment Co. Ltd., A |
Health Care Providers & Services | 900 | 1,588 | ||||||||||
Xiangcai Co. Ltd., A |
Real Estate Management & Development | 600 | 892 | |||||||||||
a,b |
Xiaomi Corp., B, 144A |
Technology Hardware, Storage & Peripherals | 59,600 | 163,458 | ||||||||||
Xinhua Winshare Publishing and Media Co. Ltd., H |
Distributors | 2,000 | 1,511 | |||||||||||
Xinjiang Goldwind Science & Technology Co. Ltd. |
Electrical Equipment | 900 | 2,425 | |||||||||||
Xinjiang Goldwind Science & Technology Co. Ltd., H |
Electrical Equipment | 3,000 | 6,320 | |||||||||||
Xinjiang Zhongtai Chemical Co. Ltd., A |
Chemicals | 900 | 1,869 | |||||||||||
Xinxing Ductile Iron Pipes Co. Ltd. |
Metals & Mining | 1,500 | 1,011 | |||||||||||
Xinyi Solar Holdings Ltd. |
Semiconductors & Semiconductor Equipment | 18,000 | 36,903 | |||||||||||
a |
XPeng Inc., ADR |
Automobiles | 2,202 | 78,259 | ||||||||||
Xuji Electric Co. Ltd., A |
Electrical Equipment | 300 | 997 | |||||||||||
b,d |
Yadea Group Holdings Ltd., 144A, Reg S |
Automobiles | 4,000 | 6,536 | ||||||||||
Yang Quan Coal Industry Group Co. Ltd., A |
Oil, Gas & Consumable Fuels | 900 | 1,711 | |||||||||||
Yango Group Co. Ltd. |
Real Estate Management & Development | 1,800 | 1,163 | |||||||||||
b,d |
Yangtze Optical Fibre and Cable Joint Stock Ltd. Co., 144A, Reg S |
Communications Equipment | 1,000 | 1,539 | ||||||||||
Yangzijiang Shipbuilding Holdings Ltd. |
Machinery | 9,600 | 9,758 | |||||||||||
Yantai Changyu Pioneer Wine Co. Ltd., B |
Beverages | 900 | 1,645 | |||||||||||
Yantai Eddie Precision Machinery Co. Ltd., A |
Machinery | 140 | 781 | |||||||||||
Yantai Jereh Oilfield Services Group Co. Ltd. |
Energy Equipment & Services | 300 | 2,251 | |||||||||||
Yanzhou Coal Mining Co. Ltd., A |
Oil, Gas & Consumable Fuels | 300 | 1,348 | |||||||||||
Yanzhou Coal Mining Co. Ltd., H |
Oil, Gas & Consumable Fuels | 8,000 | 15,148 | |||||||||||
a,c |
Yatsen Holding Ltd., ADR |
Personal Products | 311 | 1,185 | ||||||||||
Yealink Network Technology Corp. Ltd. |
Communications Equipment | 300 | 3,777 | |||||||||||
Yifan Pharmaceutical Co. Ltd. |
Pharmaceuticals | 300 | 729 | |||||||||||
Yifeng Pharmacy Chain Co. Ltd. |
Food & Staples Retailing | 260 | 2,098 | |||||||||||
Yihai International Holding Ltd. |
Food Products | 2,400 | 13,365 | |||||||||||
Yihai Kerry Arawana Holdings Co. Ltd., A |
Food Products | 400 | 4,302 | |||||||||||
Yintai Gold Co. Ltd. |
Metals & Mining | 600 | 789 | |||||||||||
Yonghui Superstores Co. Ltd., A |
Food & Staples Retailing | 3,000 | 1,822 | |||||||||||
Yonyou Network Technology Co. Ltd., A |
Software | 1,080 | 5,544 | |||||||||||
Youngor Group Co. Ltd., A |
Real Estate Management & Development | 1,500 | 1,490 |
franklintempleton.com |
Semiannual Report |
137 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
China (continued) | ||||||||||||||
YTO Express Group Co. Ltd., A |
Air Freight & Logistics | 900 | $ | 1,943 | ||||||||||
a |
Yuan Longping High-tech Agriculture Co. Ltd. |
Food Products | 300 | 996 | ||||||||||
Yuexiu Property Co. Ltd. |
Real Estate Management & Development | 6,000 | 5,642 | |||||||||||
Yunda Holding Co. Ltd., A |
Air Freight & Logistics | 300 | 895 | |||||||||||
a |
Yunnan Aluminium Co. Ltd. |
Metals & Mining | 900 | 2,068 | ||||||||||
Yunnan Baiyao Group Co. Ltd. |
Pharmaceuticals | 400 | 6,061 | |||||||||||
Yunnan Copper Co. Ltd. |
Metals & Mining | 600 | 1,337 | |||||||||||
Yunnan Energy New Material Co. Ltd. |
Containers & Packaging | 300 | 13,021 | |||||||||||
Yunnan Hongxiang Yixintang Pharmaceutical Co. Ltd. |
Food & Staples Retailing | 200 | 933 | |||||||||||
a |
Yunnan Tin Co. Ltd. |
Metals & Mining | 500 | 1,457 | ||||||||||
Yutong Bus Co. Ltd., A |
Machinery | 600 | 1,053 | |||||||||||
a |
Zai Lab Ltd., ADR |
Biotechnology | 262 | 27,612 | ||||||||||
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd. |
Pharmaceuticals | 200 | 11,720 | |||||||||||
Zhaojin Mining Industry Co. Ltd., H |
Metals & Mining | 4,500 | 3,168 | |||||||||||
Zhefu Holding Group Co. Ltd. |
Electrical Equipment | 1,800 | 2,108 | |||||||||||
a |
Zhejiang Century Huatong Group Co. Ltd., A |
Entertainment | 2,400 | 2,752 | ||||||||||
Zhejiang China Commodities City Group Co. Ltd., A |
Real Estate Management & Development | 1,800 | 1,311 | |||||||||||
Zhejiang Chint Electrics Co. Ltd., A |
Electrical Equipment | 400 | 3,508 | |||||||||||
Zhejiang Crystal-Optech Co. Ltd. |
|
Electronic Equipment,
Instruments & Components |
|
180 | 406 | |||||||||
Zhejiang Dahua Technology Co. Ltd. |
|
Electronic Equipment,
Instruments & Components |
|
900 | 3,308 | |||||||||
Zhejiang Dingli Machinery Co. Ltd. |
Machinery | 100 | 1,092 | |||||||||||
Zhejiang Expressway Co. Ltd., H |
Transportation Infrastructure | 6,000 | 4,948 | |||||||||||
Zhejiang Hailiang Co. Ltd. |
Metals & Mining | 300 | 529 | |||||||||||
Zhejiang Hisoar Pharmaceutical Co. Ltd., A |
Pharmaceuticals | 300 | 353 | |||||||||||
Zhejiang Huace Film & TV Co. Ltd., A |
Entertainment | 300 | 272 | |||||||||||
Zhejiang Huahai Pharmaceutical Co. Ltd., A |
Pharmaceuticals | 660 | 1,807 | |||||||||||
Zhejiang Huayou Cobalt Co. Ltd., A |
Metals & Mining | 400 | 6,408 | |||||||||||
Zhejiang Jingsheng Mechanical & Electrical Co. Ltd., A |
|
Semiconductors &
Semiconductor Equipment |
|
400 | 3,988 | |||||||||
Zhejiang Jiuzhou Pharmaceutical Co. Ltd., A |
Pharmaceuticals | 300 | 2,561 | |||||||||||
Zhejiang Juhua Co. Ltd., A |
Chemicals | 900 | 2,082 | |||||||||||
Zhejiang Longsheng Group Co. Ltd., A |
Chemicals | 1,200 | 2,514 | |||||||||||
Zhejiang Medicine Co. Ltd., A |
Pharmaceuticals | 300 | 762 | |||||||||||
Zhejiang NHU Co. Ltd. |
Pharmaceuticals | 720 | 2,996 | |||||||||||
Zhejiang Runtu Co. Ltd. |
Chemicals | 300 | 436 | |||||||||||
Zhejiang Sanhua Intelligent Controls Co. Ltd. |
Machinery | 1,240 | 4,373 | |||||||||||
Zhejiang Satellite Petrochemical Co. Ltd. |
Chemicals | 520 | 3,145 | |||||||||||
Zhejiang Semir Garment Co. Ltd. |
Textiles, Apparel & Luxury Goods | 300 | 355 | |||||||||||
Zhejiang Supor Co. Ltd. |
Household Durables | 200 | 1,447 | |||||||||||
Zhejiang Wanfeng Auto Wheel Co. Ltd. |
Auto Components | 300 | 263 | |||||||||||
Zhejiang Wanliyang Co. Ltd. |
Machinery | 300 | 503 | |||||||||||
Zhejiang Weixing New Building Materials Co. Ltd., A |
Building Products | 600 | 1,570 | |||||||||||
Zhejiang Wolwo Bio-Pharmaceutical Co. Ltd., A |
Pharmaceuticals | 200 | 1,816 | |||||||||||
Zhejiang Yasha Decoration Co. Ltd. |
Diversified Consumer Services | 900 | 1,040 | |||||||||||
a |
Zhejiang Yongtai Technology Co. Ltd., A |
Chemicals | 300 | 2,469 | ||||||||||
Zhengzhou Coal Mining Machinery Group Co. Ltd., A |
Machinery | 300 | 538 | |||||||||||
a |
Zheshang Securities Co. Ltd., A |
Capital Markets | 300 | 579 | ||||||||||
a |
Zhihu Inc., ADR |
Interactive Media & Services | 249 | 2,298 | ||||||||||
a,b,d |
ZhongAn Online P & C Insurance Co. Ltd., 144A, Reg S |
Insurance | 1,500 | 6,176 | ||||||||||
Zhongji Innolight Co. Ltd. |
Communications Equipment | 300 | 1,621 | |||||||||||
Zhongjin Gold Corp. Ltd., A |
Metals & Mining | 1,800 | 2,334 | |||||||||||
Zhongshan Public Utilities Group Co. Ltd., A |
Water Utilities | 600 | 864 | |||||||||||
Zhongsheng Group Holdings Ltd. |
Specialty Retail | 3,000 | 24,163 | |||||||||||
Zhongtai Securities Co. Ltd., A |
Capital Markets | 900 | 1,336 |
138 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
China (continued) | ||||||||||||||
a |
Zhuzhou CRRC Times Electric Co. Ltd., H |
Electrical Equipment | 2,300 | $ | 10,622 | |||||||||
Zhuzhou Kibing Group Co. Ltd., A |
Building Products | 600 | 1,611 | |||||||||||
Zijin Mining Group Co. Ltd., A |
Metals & Mining | 6,600 | 10,318 | |||||||||||
Zijin Mining Group Co. Ltd., H |
Metals & Mining | 26,000 | 32,130 | |||||||||||
Zoomlion Heavy Industry Science and Technology Co. Ltd. |
Machinery | 2,400 | 3,068 | |||||||||||
Zoomlion Heavy Industry Science and Technology Development Co. Ltd., H |
Machinery | 6,600 | 5,909 | |||||||||||
ZTE Corp. |
Communications Equipment | 1,200 | 6,160 | |||||||||||
ZTE Corp., H |
Communications Equipment | 3,400 | 11,181 | |||||||||||
ZTO Express Cayman Inc., ADR |
Air Freight & Logistics | 571 | 17,507 | |||||||||||
|
|
|||||||||||||
11,736,552 | ||||||||||||||
|
|
|||||||||||||
Hong Kong 8.2% | ||||||||||||||
AIA Group Ltd. |
Insurance | 54,600 | 630,892 | |||||||||||
a |
Alibaba Health Information Technology Ltd. |
Health Care Technology | 22,000 | 31,652 | ||||||||||
a |
Alibaba Pictures Group Ltd. |
Entertainment | 60,000 | 6,783 | ||||||||||
ASM Pacific Technology Ltd. |
Semiconductors & Semiconductor Equipment | 1,400 | 15,493 | |||||||||||
Beijing Enterprises Water Group Ltd. |
Water Utilities | 24,000 | 9,434 | |||||||||||
Bosideng International Holdings Ltd. |
Textiles, Apparel & Luxury Goods | 12,000 | 8,540 | |||||||||||
Cafe de Coral Holdings Ltd. |
Hotels, Restaurants & Leisure | 2,000 | 3,674 | |||||||||||
a |
Cathay Pacific Airways Ltd. |
Airlines | 4,000 | 3,366 | ||||||||||
Champion REIT |
Equity Real Estate Investment Trusts (REITs | ) | 9,000 | 4,717 | ||||||||||
China Everbright Environment Group Ltd. |
Commercial Services & Supplies | 16,000 | 12,085 | |||||||||||
China Everbright Ltd. |
Capital Markets | 4,000 | 4,727 | |||||||||||
China Gas Holdings Ltd. |
Gas Utilities | 13,600 | 40,182 | |||||||||||
China Jinmao Holdings Group Ltd. |
Real Estate Management & Development | 28,000 | 10,071 | |||||||||||
China Mengniu Dairy Co. Ltd. |
Food Products | 14,000 | 90,190 | |||||||||||
China Overseas Land & Investment Ltd. |
Real Estate Management & Development | 17,500 | 39,880 | |||||||||||
China Power International Development Ltd. |
|
Independent Power and
Renewable Electricity Producers |
|
19,000 | 10,080 | |||||||||
China Resources Beer Holdings Co. Ltd. |
Beverages | 7,800 | 57,613 | |||||||||||
China Resources Gas Group Ltd. |
Gas Utilities | 4,000 | 21,016 | |||||||||||
China Resources Land Ltd. |
Real Estate Management & Development | 11,500 | 48,528 | |||||||||||
China State Construction International Holdings Ltd. |
Construction & Engineering | 8,000 | 7,009 | |||||||||||
China Traditional Chinese Medicine Co. Ltd. |
Pharmaceuticals | 10,000 | 5,074 | |||||||||||
CK Asset Holdings Ltd. |
Real Estate Management & Development | 8,900 | 51,562 | |||||||||||
CK Infrastructure Holdings Ltd. |
Electric Utilities | 3,000 | 16,764 | |||||||||||
CLP Holdings Ltd. |
Electric Utilities | 7,300 | 70,331 | |||||||||||
COSCO SHIPPING Ports Ltd. |
Transportation Infrastructure | 8,000 | 6,926 | |||||||||||
Dah Sing Banking Group Ltd. |
Banks | 2,000 | 1,832 | |||||||||||
Dah Sing Financial Group |
Banks | 800 | 2,389 | |||||||||||
Dairy Farm International Holdings Ltd. |
Food & Staples Retailing | 1,300 | 4,433 | |||||||||||
Far East Horizon Ltd. |
Diversified Financial Services | 10,000 | 10,148 | |||||||||||
Geely Automobile Holdings Ltd. |
Automobiles | 24,000 | 68,905 | |||||||||||
Guangdong Investment Ltd. |
Water Utilities | 14,000 | 18,272 | |||||||||||
Guotai Junan International holdings Ltd. |
Capital Markets | 11,000 | 1,752 | |||||||||||
Haitong International Securities Group Ltd. |
Capital Markets | 12,000 | 3,175 | |||||||||||
Hang Lung Group Ltd. |
Real Estate Management & Development | 4,000 | 9,341 | |||||||||||
Hang Lung Properties Ltd. |
Real Estate Management & Development | 9,000 | 20,533 | |||||||||||
Hang Seng Bank Ltd. |
Banks | 3,300 | 56,634 | |||||||||||
Health & Happiness H&H International Holdings Ltd. |
Food Products | 500 | 1,192 | |||||||||||
Henderson Land Development Co. Ltd. |
Real Estate Management & Development | 6,000 | 23,007 | |||||||||||
Hong Kong and China Gas Co. Ltd. |
Gas Utilities | 49,400 | 74,881 | |||||||||||
Hong Kong Exchanges and Clearing Ltd. |
Capital Markets | 5,700 | 351,314 | |||||||||||
Hongkong Land Holdings Ltd. |
Real Estate Management & Development | 5,200 | 24,960 |
franklintempleton.com |
Semiannual Report |
139 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
Hong Kong (continued) | ||||||||||||||
Huabao International Holdings Ltd. |
Chemicals | 4,000 | $ | 7,841 | ||||||||||
Hutchison Port Holdings Trust |
Transportation Infrastructure | 22,500 | 5,400 | |||||||||||
Hutchison Telecommunications Hong Kong Holdings Ltd. |
Wireless Telecommunication Services | 6,000 | 933 | |||||||||||
Hysan Development Co. Ltd. |
Real Estate Management & Development | 3,000 | 9,769 | |||||||||||
Jardine Matheson Holdings Ltd. |
Industrial Conglomerates | 920 | 48,797 | |||||||||||
Jiayuan International Group Ltd. |
Real Estate Management & Development | 4,000 | 1,562 | |||||||||||
Johnson Electric Holdings Ltd. |
Auto Components | 1,500 | 3,199 | |||||||||||
Kerry Properties Ltd. |
Real Estate Management & Development | 2,500 | 6,599 | |||||||||||
Kingboard Laminates Holdings Ltd. |
Electronic Equipment, Instruments & Components | 4,500 | 7,445 | |||||||||||
Kunlun Energy Co. Ltd. |
Gas Utilities | 16,000 | 16,689 | |||||||||||
a |
Lifestyle International Holdings Ltd. |
Multiline Retail | 2,500 | 1,358 | ||||||||||
Link REIT |
Equity Real Estate Investment Trusts (REITs | ) | 9,400 | 80,601 | ||||||||||
Man Wah Holdings Ltd. |
Household Durables | 6,800 | 10,028 | |||||||||||
a |
Melco International Development Ltd. |
Hotels, Restaurants & Leisure | 4,000 | 4,707 | ||||||||||
MTR Corp. Ltd. |
Road & Rail | 6,500 | 35,069 | |||||||||||
New World Development Co. Ltd. |
Real Estate Management & Development | 6,500 | 26,594 | |||||||||||
NWS Holdings Ltd. |
Industrial Conglomerates | 6,000 | 5,557 | |||||||||||
PCCW Ltd. |
Diversified Telecommunication Services | 19,341 | 9,938 | |||||||||||
Power Assets Holdings Ltd. |
Electric Utilities | 6,000 | 35,300 | |||||||||||
Shanghai Industrial Holdings Ltd. |
Industrial Conglomerates | 2,000 | 3,001 | |||||||||||
Shimao Group Holdings Ltd. |
Real Estate Management & Development | 6,500 | 11,907 | |||||||||||
Shougang Fushan Resources Group Ltd. |
Metals & Mining | 16,000 | 4,871 | |||||||||||
a |
Shun Tak Holdings Ltd. |
Industrial Conglomerates | 8,000 | 2,148 | ||||||||||
Sino Biopharmaceutical Ltd. |
Pharmaceuticals | 44,000 | 36,513 | |||||||||||
Sino Land Co. Ltd. |
Real Estate Management & Development | 15,000 | 20,194 | |||||||||||
Sun Hung Kai Properties Ltd. |
Real Estate Management & Development | 6,500 | 81,327 | |||||||||||
Swire Pacific Ltd., A |
Real Estate Management & Development | 2,500 | 14,869 | |||||||||||
Swire Pacific Ltd., B |
Real Estate Management & Development | 5,000 | 4,920 | |||||||||||
Swire Properties Ltd. |
Real Estate Management & Development | 4,800 | 12,036 | |||||||||||
Techtronic Industries Co. Ltd. |
Machinery | 5,500 | 109,581 | |||||||||||
The Bank of East Asia Ltd. |
Banks | 5,600 | 9,035 | |||||||||||
The Wharf Holdings Ltd. |
Real Estate Management & Development | 6,000 | 19,924 | |||||||||||
United Energy Group Ltd. |
Oil, Gas & Consumable Fuels | 36,000 | 4,624 | |||||||||||
Vinda International Holdings Ltd. |
Household Products | 1,000 | 2,954 | |||||||||||
Vitasoy International Holdings Ltd. |
Food Products | 4,500 | 11,446 | |||||||||||
VTech Holdings Ltd. |
Communications Equipment | 700 | 5,116 | |||||||||||
b |
WH Group Ltd., 144A |
Food Products | 35,994 | 25,662 | ||||||||||
Wharf Real Estate Investment Co. Ltd. |
Real Estate Management & Development | 7,000 | 36,238 | |||||||||||
Xinyi Glass Holdings Ltd. |
Building Products | 9,000 | 26,938 | |||||||||||
a |
Yue Yuen Industrial Holdings Ltd. |
Textiles, Apparel & Luxury Goods | 3,000 | 6,066 | ||||||||||
|
|
|||||||||||||
2,646,113 | ||||||||||||||
|
|
|||||||||||||
India 15.1% | ||||||||||||||
a |
3M India Ltd. |
Industrial Conglomerates | 12 | 4,015 | ||||||||||
Aarti Industries Ltd. |
Chemicals | 852 | 10,673 | |||||||||||
ABB India Ltd. |
Electrical Equipment | 231 | 5,821 | |||||||||||
ACC Ltd. |
Construction Materials | 391 | 11,876 | |||||||||||
Adani Enterprises Ltd. |
Trading Companies & Distributors | 1,185 | 23,437 | |||||||||||
a |
Adani Green Energy Ltd. |
Independent Power and Renewable Electricity Producers | 1,755 | 27,110 | ||||||||||
Adani Ports And Special Economic Zone Ltd. |
Transportation Infrastructure | 3,444 | 34,237 | |||||||||||
a |
Adani Power Ltd. |
Independent Power and Renewable Electricity Producers | 4,215 | 5,514 | ||||||||||
Adani Total Gas Ltd |
Gas Utilities | 1,248 | 23,928 | |||||||||||
a |
Adani Transmission Ltd. |
Electric Utilities | 1,122 | 23,558 | ||||||||||
a |
Aditya Birla Capital Ltd. |
Diversified Financial Services | 2,059 | 3,128 |
140 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
India (continued) | ||||||||||||||
Alkem Laboratories Ltd. |
Pharmaceuticals | 111 | $ | 5,953 | ||||||||||
Ambuja Cements Ltd. |
Construction Materials | 3,090 | 16,660 | |||||||||||
Apollo Hospitals Enterprise Ltd. |
Health Care Providers & Services | 447 | 26,988 | |||||||||||
Ashok Leyland Ltd. |
Machinery | 6,600 | 11,897 | |||||||||||
Asian Paints Ltd. |
Chemicals | 2,031 | 88,780 | |||||||||||
Astral Poly Technik Ltd. |
Building Products | 405 | 11,788 | |||||||||||
a,b |
AU Small Finance Bank Ltd., 144A |
Banks | 705 | 11,058 | ||||||||||
Aurobindo Pharma Ltd. |
Pharmaceuticals | 1,215 | 11,864 | |||||||||||
a,b |
Avenue Supermarts Ltd., 144A |
Food & Staples Retailing | 669 | 38,306 | ||||||||||
a |
Axis Bank Ltd. |
Banks | 10,221 | 105,553 | ||||||||||
Bajaj Auto Ltd. |
Automobiles | 320 | 16,523 | |||||||||||
Bajaj Finance Ltd. |
Consumer Finance | 1,056 | 109,090 | |||||||||||
Bajaj Finserv Ltd. |
Diversified Financial Services | 174 | 41,695 | |||||||||||
Bajaj Holdings & Investment Ltd. |
Diversified Financial Services | 120 | 7,774 | |||||||||||
Balkrishna Industries Ltd. |
Auto Components | 357 | 12,186 | |||||||||||
b |
Bandhan Bank Ltd, 144A |
Banks | 3,558 | 13,565 | ||||||||||
a |
Bank of Baroda |
Banks | 4,861 | 5,354 | ||||||||||
a |
Bank of India |
Banks | 1,458 | 1,090 | ||||||||||
Bata India Ltd. |
Textiles, Apparel & Luxury Goods | 276 | 6,612 | |||||||||||
Bayer Cropscience Ltd. |
Chemicals | 60 | 4,283 | |||||||||||
Berger Paints India Ltd. |
Chemicals | 1,035 | 11,280 | |||||||||||
Bharat Electronics Ltd. |
Aerospace & Defense | 4,998 | 13,665 | |||||||||||
Bharat Forge Ltd. |
Auto Components | 1,147 | 11,395 | |||||||||||
a |
Bharat Heavy Electricals Ltd. |
Electrical Equipment | 5,592 | 4,870 | ||||||||||
Bharat Petroleum Corp. Ltd. |
Oil, Gas & Consumable Fuels | 4,554 | 26,516 | |||||||||||
a |
Bharti Airtel Ltd. |
Wireless Telecommunication Services | 10,287 | 95,390 | ||||||||||
Bharti Infratel Ltd. |
Diversified Telecommunication Services | 5,610 | 23,331 | |||||||||||
a |
Biocon Ltd. |
Biotechnology | 2,031 | 9,924 | ||||||||||
Bosch Ltd. |
Auto Components | 39 | 8,130 | |||||||||||
Britannia Industries Ltd. |
Food Products | 534 | 28,409 | |||||||||||
Cadila Healthcare Ltd. |
Pharmaceuticals | 1,140 | 8,475 | |||||||||||
a |
Canara Bank Ltd. |
Banks | 1,386 | 3,230 | ||||||||||
Castrol India Ltd. |
Chemicals | 2,112 | 3,989 | |||||||||||
Cholamandalam Investment and Finance Co. Ltd. |
Consumer Finance | 1,782 | 13,546 | |||||||||||
Cipla Ltd. |
Pharmaceuticals | 2,286 | 30,291 | |||||||||||
Coal India Ltd. |
Oil, Gas & Consumable Fuels | 8,262 | 20,603 | |||||||||||
Colgate-Palmolive (India) Ltd. |
Personal Products | 588 | 13,225 | |||||||||||
Container Corp. of India Ltd. |
Road & Rail | 1,251 | 11,870 | |||||||||||
Coromandel International Ltd. |
Chemicals | 474 | 5,073 | |||||||||||
Cummins India Ltd. |
Machinery | 609 | 8,138 | |||||||||||
Dabur India Ltd. |
Personal Products | 2,388 | 19,851 | |||||||||||
Dalmia Bharat Ltd. |
Construction Materials | 372 | 10,553 | |||||||||||
Divi’s Laboratories Ltd. |
Life Sciences Tools & Services | 580 | 37,496 | |||||||||||
DLF Ltd. |
Real Estate Management & Development | 2,646 | 14,872 | |||||||||||
Dr Reddy’s Laboratories Ltd. |
Pharmaceuticals | 540 | 35,507 | |||||||||||
Eicher Motors Ltd. |
Automobiles | 600 | 22,554 | |||||||||||
Emami Ltd. |
Personal Products | 930 | 7,192 | |||||||||||
Embassy Office Parks REIT |
Equity Real Estate Investment Trusts (REITs | ) | 2,200 | 10,050 | ||||||||||
Exide Industries Ltd. |
Auto Components | 2,179 | 5,233 | |||||||||||
Federal Bank Ltd. |
Banks | 6,876 | 7,809 | |||||||||||
GAIL India Ltd. |
Gas Utilities | 8,107 | 17,349 | |||||||||||
a,b |
General Insurance Corp. of India, 144A |
Insurance | 444 | 868 | ||||||||||
Gillette India Ltd. |
Personal Products | 42 | 3,338 | |||||||||||
GlaxoSmithKline Pharmaceuticals Ltd. |
Pharmaceuticals | 201 | 4,010 | |||||||||||
Glenmark Pharmaceuticals Ltd. |
Pharmaceuticals | 711 | 4,889 | |||||||||||
a |
GMR Infrastructure Ltd. |
Transportation Infrastructure | 10,197 | 5,268 |
franklintempleton.com |
Semiannual Report |
141 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
India (continued) | ||||||||||||||
a |
Godrej Consumer Products Ltd. |
Personal Products | 1,641 | $ | 22,769 | |||||||||
a |
Godrej Industries Ltd. |
Industrial Conglomerates | 360 | 2,809 | ||||||||||
a |
Godrej Properties Ltd. |
Real Estate Management & Development | 412 | 12,832 | ||||||||||
Grasim Industries Ltd. |
Construction Materials | 1,722 | 38,729 | |||||||||||
Gujarat Gas Ltd. |
Gas Utilities | 882 | 7,574 | |||||||||||
Havell’s India Ltd. |
Electrical Equipment | 1,065 | 19,701 | |||||||||||
HCL Technologies Ltd. |
IT Services | 4,890 | 84,295 | |||||||||||
b |
HDFC Asset Management Co. Ltd., 144A, |
Capital Markets | 291 | 11,403 | ||||||||||
b |
HDFC Life Insurance Co. Ltd., 144A |
Insurance | 4,179 | 40,671 | ||||||||||
Hero Motocorp Ltd. |
Automobiles | 588 | 22,438 | |||||||||||
Hindalco Industries Ltd. |
Metals & Mining | 6,342 | 41,690 | |||||||||||
Hindustan Aeronautics Ltd. |
Aerospace & Defense | 165 | 3,011 | |||||||||||
Hindustan Petroleum Corp. Ltd. |
Oil, Gas & Consumable Fuels | 3,165 | 12,792 | |||||||||||
Hindustan Unilever Ltd. |
Household Products | 3,996 | 145,450 | |||||||||||
Hindustan Zinc Ltd. |
Metals & Mining | 1,035 | 4,345 | |||||||||||
Honeywell Automation India Ltd. |
Electronic Equipment, Instruments & Components | 10 | 6,159 | |||||||||||
Housing Development Finance Corp. Ltd. |
Thrifts & Mortgage Finance | 7,860 | 291,655 | |||||||||||
ICICI Bank Ltd. |
Banks | 7,017 | 66,254 | |||||||||||
b,d |
ICICI Lombard General Insurance Co. Ltd., 144A, Reg S |
Insurance | 903 | 19,337 | ||||||||||
b,d |
ICICI Prudential Life Insurance Co. Ltd., 144A, Reg S |
Insurance | 1,637 | 14,817 | ||||||||||
a |
IDFC First Bank Ltd. |
Banks | 13,994 | 8,983 | ||||||||||
Indiabulls Housing Finance Ltd. |
Thrifts & Mortgage Finance | 1,551 | 4,840 | |||||||||||
Indian Oil Corp. Ltd. |
Oil, Gas & Consumable Fuels | 11,976 | 20,216 | |||||||||||
Indian Railway Catering and Tourism Corp. Ltd. |
Commercial Services & Supplies | 231 | 11,821 | |||||||||||
b |
Indian Railway Finance Corp. Ltd., 144A |
Diversified Financial Services | 8,202 | 2,525 | ||||||||||
Indraprastha Gas Ltd. |
Gas Utilities | 1,578 | 11,333 | |||||||||||
Info Edge India Ltd. |
Interactive Media & Services | 345 | 29,892 | |||||||||||
Infosys Ltd. |
IT Services | 16,209 | 365,812 | |||||||||||
a,b,d |
InterGlobe Aviation Ltd., 144A, Reg S |
Airlines | 429 | 11,684 | ||||||||||
IPCA Laboratories Ltd. |
Pharmaceuticals | 297 | 9,648 | |||||||||||
ITC Ltd. |
Tobacco | 13,314 | 42,358 | |||||||||||
a |
Jindal Steel & Power Ltd. |
Metals & Mining | 1,782 | 9,345 | ||||||||||
JSW Energy Ltd. |
Independent Power and Renewable Electricity Producers | 1,740 | 9,140 | |||||||||||
JSW Steel Ltd. |
Metals & Mining | 4,503 | 40,542 | |||||||||||
Jubilant Foodworks Ltd. |
Hotels, Restaurants & Leisure | 330 | 17,965 | |||||||||||
Kansai Nerolac Paints Ltd. |
Chemicals | 579 | 4,940 | |||||||||||
a |
L&T Finance Holdings Ltd. |
Diversified Financial Services | 3,855 | 4,723 | ||||||||||
b |
L&T Technology Services Ltd., 144A |
Professional Services | 114 | 7,215 | ||||||||||
b,d |
Larsen & Toubro Infotech Ltd.,, 144A, Reg S |
IT Services | 204 | 15,844 | ||||||||||
Larsen & Toubro Ltd. |
Construction & Engineering | 3,102 | 71,167 | |||||||||||
b |
Laurus Labs Ltd., 144A |
Pharmaceuticals | 1,629 | 13,529 | ||||||||||
LIC Housing Finance Ltd. |
Thrifts & Mortgage Finance | 1,356 | 7,801 | |||||||||||
Lupin Ltd. |
Pharmaceuticals | 1,053 | 13,500 | |||||||||||
Mahindra & Mahindra Financial Services Ltd. |
Consumer Finance | 2,742 | 6,841 | |||||||||||
Mahindra & Mahindra Ltd. |
Automobiles | 4,131 | 44,692 | |||||||||||
a |
Mangalore Refinery and Petrochemicals Ltd. |
Oil, Gas & Consumable Fuels | 669 | 421 | ||||||||||
Marico Ltd. |
Personal Products | 2,325 | 17,149 | |||||||||||
Maruti Suzuki India Ltd. |
Automobiles | 606 | 59,909 | |||||||||||
a |
Max Financial Services Ltd. |
Insurance | 1,089 | 14,881 | ||||||||||
Mindtree Ltd. |
IT Services | 192 | 10,864 |
142 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
India (continued) | ||||||||||||||
Motherson Sumi Systems Ltd. |
Auto Components | 5,502 | $ | 16,748 | ||||||||||
Mphasis Ltd. |
IT Services | 405 | 16,938 | |||||||||||
MRF Ltd. |
Auto Components | 12 | 12,832 | |||||||||||
Muthoot Finance Ltd. |
Consumer Finance | 432 | 8,441 | |||||||||||
Nestle India Ltd. |
Food Products | 162 | 42,440 | |||||||||||
NHPC Ltd. |
Independent Power and Renewable Electricity Producers | 9,912 | 3,986 | |||||||||||
b |
Nippon Life India Asset Management Ltd., 144A |
Capital Markets | 678 | 3,885 | ||||||||||
NMDC Ltd. |
Metals & Mining | 3,432 | 6,612 | |||||||||||
NTPC Ltd. |
Independent Power and Renewable Electricity Producers | 19,854 | 37,941 | |||||||||||
a |
Oberoi Realty Ltd. |
Real Estate Management & Development | 555 | 7,209 | ||||||||||
Oil & Natural Gas Corp. Ltd. |
Oil, Gas & Consumable Fuels | 13,605 | 26,485 | |||||||||||
Oil India Ltd. |
Oil, Gas & Consumable Fuels | 1,617 | 5,668 | |||||||||||
Oracle Financial Services Software Ltd. |
Software | 102 | 6,261 | |||||||||||
Page Industries Ltd. |
Textiles, Apparel & Luxury Goods | 25 | 10,678 | |||||||||||
Petronet LNG Ltd. |
Oil, Gas & Consumable Fuels | 3,315 | 10,654 | |||||||||||
PI Industries Ltd. |
Chemicals | 333 | 14,259 | |||||||||||
Pidilite Industries Ltd. |
Chemicals | 692 | 22,206 | |||||||||||
Piramal Enterprises Ltd. |
Diversified Financial Services | 567 | 19,828 | |||||||||||
Polycab India Ltd. |
Electrical Equipment | 114 | 3,669 | |||||||||||
Power Finance Corp. Ltd. |
Diversified Financial Services | 5,332 | 10,208 | |||||||||||
Power Grid Corp. of India Ltd. |
Electric Utilities | 14,160 | 36,226 | |||||||||||
a |
Punjab National Bank Ltd. |
Banks | 4,809 | 2,598 | ||||||||||
Rajesh Exports Ltd. |
Textiles, Apparel & Luxury Goods | 591 | 4,674 | |||||||||||
a,b,d |
RBL Bank Ltd., 144A, Reg S |
Banks | 2,040 | 5,247 | ||||||||||
REC Ltd. |
Diversified Financial Services | 4,215 | 8,963 | |||||||||||
Reliance Industries Ltd. |
Oil, Gas & Consumable Fuels | 756 | 19,057 | |||||||||||
Reliance Industries Ltd. |
Oil, Gas & Consumable Fuels | 14,001 | 475,188 | |||||||||||
a |
SBI Cards & Payment Services Ltd. |
Consumer Finance | 1,029 | 14,273 | ||||||||||
b |
SBI Life Insurance Co. Ltd., 144A |
Insurance | 1,890 | 30,939 | ||||||||||
Shree Cement Ltd. |
Construction Materials | 60 | 23,362 | |||||||||||
Shriram Transport Finance Co. Ltd. |
Consumer Finance | 885 | 15,486 | |||||||||||
Siemens Ltd. |
Industrial Conglomerates | 384 | 11,016 | |||||||||||
SRF Ltd. |
Chemicals | 129 | 19,602 | |||||||||||
State Bank of India |
Banks | 8,046 | 49,104 | |||||||||||
Steel Authority of India Ltd. |
Metals & Mining | 4,557 | 6,977 | |||||||||||
Sun Pharmaceutical Industries Ltd. |
Pharmaceuticals | 4,899 | 54,004 | |||||||||||
Sun TV Network Ltd. |
Media | 501 | 3,411 | |||||||||||
Sundaram Finance Ltd. |
Consumer Finance | 303 | 10,002 | |||||||||||
Tata Communications Ltd. |
Diversified Telecommunication Services | 510 | 9,562 | |||||||||||
Tata Consultancy Services Ltd. |
IT Services | 4,650 | 236,520 | |||||||||||
Tata Consumer Products Ltd. |
Food Products | 2,721 | 29,825 | |||||||||||
a |
Tata Motors Ltd. |
Automobiles | 8,265 | 37,117 | ||||||||||
a |
Tata Motors Ltd., A |
Automobiles | 1,746 | 4,453 | ||||||||||
Tata Power Co. Ltd. |
Electric Utilities | 9,221 | 19,721 | |||||||||||
Tata Steel Ltd. |
Metals & Mining | 3,597 | 62,459 | |||||||||||
Tech Mahindra Ltd. |
IT Services | 2,718 | 50,554 | |||||||||||
Titan Co. Ltd. |
Textiles, Apparel & Luxury Goods | 1,875 | 54,609 | |||||||||||
Torrent Pharmaceuticals Ltd. |
Pharmaceuticals | 216 | 8,979 | |||||||||||
Torrent Power Ltd. |
Electric Utilities | 987 | 6,716 | |||||||||||
Trent Ltd. |
Multiline Retail | 825 | 11,402 | |||||||||||
TVS Motor Co. Ltd. |
Automobiles | 938 | 6,943 | |||||||||||
UltraTech Cement Ltd. |
Construction Materials | 516 | 51,415 | |||||||||||
a |
Union Bank of India Ltd. |
Banks | 1,926 | 941 | ||||||||||
United Breweries Ltd. |
Beverages | 309 | 6,542 | |||||||||||
a |
United Spirits Ltd. |
Beverages | 1,281 | 14,723 |
franklintempleton.com |
Semiannual Report |
143 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
India (continued) | ||||||||||||||
UPL Ltd. |
Chemicals | 2,400 | $ | 22,882 | ||||||||||
Varun Beverages Ltd. |
Beverages | 607 | 7,340 | |||||||||||
Vedanta Ltd. |
Metals & Mining | 5,532 | 21,438 | |||||||||||
a |
Vodafone Idea Ltd. |
Wireless Telecommunication Services | 37,110 | 5,949 | ||||||||||
Voltas Ltd. |
Construction & Engineering | 1,045 | 17,148 | |||||||||||
Whirlpool of India Ltd. |
Household Durables | 135 | 4,156 | |||||||||||
Wipro Ltd. |
IT Services | 5,682 | 48,539 | |||||||||||
a |
Yes Bank Ltd. |
Banks | 4,442 | 751 | ||||||||||
Zee Entertainment Enterprises Ltd. |
Media | 3,849 | 15,722 | |||||||||||
|
|
|||||||||||||
4,870,299 | ||||||||||||||
|
|
|||||||||||||
Indonesia 1.5% | ||||||||||||||
Adaro Energy Tbk PT |
Oil, Gas & Consumable Fuels | 57,900 | 7,120 | |||||||||||
Astra Agro Lestari Tbk PT |
Food Products | 2,100 | 1,434 | |||||||||||
Astra International Tbk PT |
Automobiles | 91,000 | 34,969 | |||||||||||
Bank Central Asia Tbk PT |
Banks | 43,400 | 106,131 | |||||||||||
e |
Bank Danamon Indonesia Tbk PT |
Banks | 3,600 | 669 | ||||||||||
Bank Mandiri Persero Tbk PT |
Banks | 83,300 | 35,794 | |||||||||||
Bank Negara Indonesia Persero Tbk PT |
Banks | 33,400 | 12,543 | |||||||||||
Bank Rakyat Indonesia Persero Tbk PT |
Banks | 292,852 | 78,776 | |||||||||||
a |
Bank Syariah Indonesia Tbk PT |
Banks | 12,600 | 1,796 | ||||||||||
Bukit Asam Tbk PT |
Oil, Gas & Consumable Fuels | 17,400 | 3,355 | |||||||||||
a |
Bumi Serpong Damai Tbk PT |
Real Estate Management & Development | 37,800 | 2,641 | ||||||||||
Charoen Pokphand Indonesia Tbk PT |
Food Products | 33,000 | 14,814 | |||||||||||
First Pacific Co. Ltd. |
Food Products | 10,000 | 3,597 | |||||||||||
Gudang Garam Tbk PT |
Tobacco | 2,100 | 4,776 | |||||||||||
Hanjaya Mandala Sampoerna Tbk PT |
Tobacco | 42,600 | 3,066 | |||||||||||
Indah Kiat Pulp & Paper Corp Tbk PT |
Paper & Forest Products | 12,000 | 7,190 | |||||||||||
Indocement Tunggal Prakarsa Tbk PT |
Construction Materials | 5,900 | 4,328 | |||||||||||
Indofood CBP Sukses Makmur Tbk PT |
Food Products | 10,200 | 5,951 | |||||||||||
Indofood Sukses Makmur Tbk PT |
Food Products | 19,800 | 8,785 | |||||||||||
a |
Jasa Marga Persero Tbk PT |
Transportation Infrastructure | 9,600 | 2,602 | ||||||||||
Kalbe Farma Tbk PT |
Pharmaceuticals | 86,400 | 8,632 | |||||||||||
Mayora Indah Tbk PT |
Food Products | 16,800 | 2,770 | |||||||||||
Media Nusantara Citra Tbk PT |
Media | 28,500 | 1,663 | |||||||||||
a |
Perusahaan Gas Negara Tbk PT |
Gas Utilities | 47,700 | 3,966 | ||||||||||
Perusahaan Perseroan (Persero) PT TelekomunikasiIndonesia Tbk, B |
Diversified Telecommunication Services | 208,800 | 53,832 | |||||||||||
PT Barito Pacific Tbk |
Chemicals | 113,400 | 7,646 | |||||||||||
PT XL Axiata Tbk |
Wireless Telecommunication Services | 16,200 | 3,441 | |||||||||||
Sarana Menara Nusantara Tbk PT |
Diversified Telecommunication Services | 114,700 | 10,619 | |||||||||||
Semen Indonesia (Persero) Tbk PT |
Construction Materials | 13,500 | 7,734 | |||||||||||
a |
Smartfren Telecom Tbk PT |
Wireless Telecommunication Services | 436,255 | 3,414 | ||||||||||
a |
Surya Citra Media Tbk PT |
Media | 24,000 | 3,370 | ||||||||||
Tower Bersama Infrastructure Tbk PT |
Diversified Telecommunication Services | 43,500 | 8,996 | |||||||||||
Unilever Indonesia Tbk PT |
Household Products | 25,500 | 7,038 | |||||||||||
United Tractors Tbk PT |
Oil, Gas & Consumable Fuels | 6,800 | 12,353 | |||||||||||
Vale Indonesia Tbk PT |
Metals & Mining | 9,000 | 2,886 | |||||||||||
|
|
|||||||||||||
478,697 | ||||||||||||||
|
|
|||||||||||||
Italy 0.0%† | ||||||||||||||
Prada SpA |
Textiles, Apparel & Luxury Goods | 2,300 | 12,719 | |||||||||||
|
|
|||||||||||||
Luxembourg 0.0%† | ||||||||||||||
L’Occitane International SA |
Personal Products | 2,000 | 6,744 | |||||||||||
|
|
|||||||||||||
Macau 0.3% | ||||||||||||||
a |
Galaxy Entertainment Group Ltd. |
Hotels, Restaurants & Leisure | 9,900 | 50,869 |
144 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
Macau (continued) | ||||||||||||||
a |
Macau Legend Development Ltd. |
Hotels, Restaurants & Leisure | 6,000 | $ | 678 | |||||||||
a |
MGM China Holdings Ltd. |
Hotels, Restaurants & Leisure | 3,600 | 2,238 | ||||||||||
a |
Sands China Ltd. |
Hotels, Restaurants & Leisure | 10,800 | 22,198 | ||||||||||
a |
SJM Holdings Ltd. |
Hotels, Restaurants & Leisure | 8,000 | 5,447 | ||||||||||
a |
Wynn Macau Ltd. |
Hotels, Restaurants & Leisure | 6,400 | 5,360 | ||||||||||
|
|
|||||||||||||
86,790 | ||||||||||||||
|
|
|||||||||||||
Malaysia 1.8% | ||||||||||||||
a |
AirAsia Group Bhd |
Airlines | 5,400 | 1,354 | ||||||||||
Alliance Bank Malaysia Bhd. |
Banks | 5,100 | 3,131 | |||||||||||
a |
AMMB Holdings Bhd. |
Banks | 8,300 | 6,304 | ||||||||||
Astro Malaysia Holdings Bhd. |
Media | 8,100 | 1,993 | |||||||||||
Axiata Group Bhd. |
Wireless Telecommunication Services | 20,400 | 19,053 | |||||||||||
British American Tobacco Malaysia Bhd. |
Tobacco | 600 | 2,024 | |||||||||||
CIMB Group Holdings Bhd. |
Banks | 31,500 | 35,966 | |||||||||||
Dialog Group Bhd. |
Energy Equipment & Services | 20,500 | 11,703 | |||||||||||
Digi.com Bhd. |
Wireless Telecommunication Services | 16,500 | 17,538 | |||||||||||
FGV Holdings Bhd. |
Food Products | 4,200 | 1,364 | |||||||||||
Fraser & Neave Holdings Bhd. |
Beverages | 500 | 3,189 | |||||||||||
a |
Gamuda Bhd. |
Construction & Engineering | 10,200 | 7,334 | ||||||||||
Genting Bhd. |
Hotels, Restaurants & Leisure | 10,200 | 12,279 | |||||||||||
Genting Malaysia Bhd. |
Hotels, Restaurants & Leisure | 12,500 | 8,957 | |||||||||||
HAP Seng Consolidated Bhd. |
Industrial Conglomerates | 3,000 | 5,697 | |||||||||||
Hartalega Holdings Bhd. |
Health Care Equipment & Supplies | 6,800 | 9,989 | |||||||||||
Hong Leong Bank Bhd. |
Banks | 2,800 | 12,641 | |||||||||||
Hong Leong Financial Group Bhd. |
Banks | 900 | 3,934 | |||||||||||
IHH Healthcare Bhd. |
Health Care Providers & Services | 13,400 | 21,445 | |||||||||||
IJM Corp. Bhd. |
Construction & Engineering | 14,900 | 6,442 | |||||||||||
IOI Corp. Bhd. |
Food Products | 14,400 | 12,967 | |||||||||||
IOI Properties Group Bhd. |
Real Estate Management & Development | 7,500 | 2,150 | |||||||||||
Kuala Lumpur Kepong Bhd. |
Food Products | 2,100 | 10,092 | |||||||||||
Malayan Banking Bhd. |
Banks | 27,300 | 52,494 | |||||||||||
a |
Malaysia Airports Holdings Bhd. |
Transportation Infrastructure | 3,900 | 6,428 | ||||||||||
Maxis Bhd. |
Wireless Telecommunication Services | 12,300 | 13,779 | |||||||||||
MISC Bhd. |
Marine | 7,800 | 12,874 | |||||||||||
b |
MR DIY Group M Bhd., 144A |
Specialty Retail | 4,400 | 4,099 | ||||||||||
Nestle (Malaysia) Bhd. |
Food Products | 300 | 9,538 | |||||||||||
Petronas Chemicals Group Bhd. |
Chemicals | 12,600 | 26,184 | |||||||||||
Petronas Dagangan Bhd. |
Oil, Gas & Consumable Fuels | 1,500 | 6,851 | |||||||||||
Petronas Gas Bhd. |
Gas Utilities | 2,500 | 10,044 | |||||||||||
PPB Group Bhd. |
Food Products | 3,000 | 13,157 | |||||||||||
Press Metal Aluminium Holdings Bhd. |
Metals & Mining | 17,000 | 23,308 | |||||||||||
Public Bank Bhd. |
Banks | 69,700 | 67,760 | |||||||||||
QL Resources Bhd. |
Food Products | 4,900 | 6,297 | |||||||||||
RHB Bank Bhd |
Banks | 6,900 | 8,999 | |||||||||||
Sime Darby Bhd. |
Industrial Conglomerates | 15,800 | 8,567 | |||||||||||
Sime Darby Plantation Bhd. |
Food Products | 16,200 | 13,853 | |||||||||||
Sime Darby Property Bhd. |
Real Estate Management & Development | 14,700 | 2,300 | |||||||||||
Supermax Corp. Bhd |
Health Care Equipment & Supplies | 7,500 | 4,282 | |||||||||||
Telekom Malaysia Bhd. |
Diversified Telecommunication Services | 5,100 | 6,944 | |||||||||||
Tenaga Nasional Bhd. |
Electric Utilities | 17,600 | 40,695 | |||||||||||
Top Glove Corp. Bhd. |
Health Care Equipment & Supplies | 24,000 | 16,510 | |||||||||||
Westports Holdings Bhd. |
Transportation Infrastructure | 4,800 | 5,159 | |||||||||||
YTL Corp. Bhd. |
Multi-Utilities | 17,713 | 2,581 | |||||||||||
|
|
|||||||||||||
580,249 | ||||||||||||||
|
|
franklintempleton.com |
Semiannual Report |
145 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
Pakistan 0.0%† | ||||||||||||||
Fauji Fertilizer Co. Ltd. |
Chemicals | 3,000 | $ | 1,798 | ||||||||||
Habib Bank Ltd. |
Banks | 3,000 | 1,927 | |||||||||||
Oil & Gas Development Co. Ltd. |
Oil, Gas & Consumable Fuels | 3,000 | 1,477 | |||||||||||
Pakistan Petroleum Ltd. |
Oil, Gas & Consumable Fuels | 3,006 | 1,323 | |||||||||||
|
|
|||||||||||||
6,525 | ||||||||||||||
|
|
|||||||||||||
Philippines 0.9% | ||||||||||||||
Aboitiz Power Corp. |
Independent Power and Renewable Electricity Producers | 6,900 | 4,193 | |||||||||||
Alliance Global Group Inc. |
Industrial Conglomerates | 16,500 | 3,332 | |||||||||||
Ayala Corp. |
Industrial Conglomerates | 1,450 | 23,224 | |||||||||||
Ayala Land Inc. |
Real Estate Management & Development | 35,200 | 23,117 | |||||||||||
Bank of the Philippine Islands |
Banks | 7,990 | 12,758 | |||||||||||
BDO Unibank Inc. |
Banks | 8,740 | 18,950 | |||||||||||
a |
Bloomberry Resorts Corp. |
Hotels, Restaurants & Leisure | 17,700 | 2,061 | ||||||||||
DMCI Holdings Inc. |
Industrial Conglomerates | 21,000 | 2,923 | |||||||||||
Globe Telecom Inc. |
Wireless Telecommunication Services | 135 | 7,897 | |||||||||||
GT Capital Holdings Inc. |
Industrial Conglomerates | 480 | 4,799 | |||||||||||
International Container Terminal Services Inc. |
Transportation Infrastructure | 4,940 | 18,885 | |||||||||||
JG Summit Holdings Inc. |
Industrial Conglomerates | 13,560 | 17,279 | |||||||||||
Jollibee Foods Corp. |
Hotels, Restaurants & Leisure | 1,890 | 7,596 | |||||||||||
LT Group Inc. |
Industrial Conglomerates | 13,500 | 2,673 | |||||||||||
Manila Electric Co. |
Electric Utilities | 1,140 | 6,660 | |||||||||||
Megaworld Corp. |
Real Estate Management & Development | 54,000 | 3,017 | |||||||||||
Metro Pacific Investments Corp. |
Diversified Financial Services | 63,000 | 4,508 | |||||||||||
Metropolitan Bank & Trust Co. |
Banks | 7,700 | 6,597 | |||||||||||
PLDT Inc. |
Wireless Telecommunication Services | 395 | 13,009 | |||||||||||
Puregold Price Club Inc. |
Food & Staples Retailing | 4,560 | 3,978 | |||||||||||
San Miguel Corp. |
Industrial Conglomerates | 1,640 | 3,694 | |||||||||||
San Miguel Pure Foods Co. Inc. |
Food Products | 2,990 | 4,455 | |||||||||||
Semirara Mining and Power Corp. |
Oil, Gas & Consumable Fuels | 6,000 | 2,470 | |||||||||||
SM Investments Corp. |
Industrial Conglomerates | 2,170 | 42,115 | |||||||||||
SM Prime Holdings Inc. |
Real Estate Management & Development | 40,600 | 26,066 | |||||||||||
Universal Robina Corp. |
Food Products | 3,870 | 10,310 | |||||||||||
|
|
|||||||||||||
276,566 | ||||||||||||||
|
|
|||||||||||||
Singapore 2.9% | ||||||||||||||
Ascendas REIT |
Equity Real Estate Investment Trusts (REITs | ) | 15,147 | 33,472 | ||||||||||
Ascott Residence Trust |
Equity Real Estate Investment Trusts (REITs | ) | 7,800 | 5,314 | ||||||||||
b |
BOC Aviation Ltd., 144A |
Trading Companies & Distributors | 900 | 7,538 | ||||||||||
a |
Capitaland Investment Ltd. |
Real Estate Management & Development | 11,900 | 29,803 | ||||||||||
CapitaLand Mall Trust |
Equity Real Estate Investment Trusts (REITs | ) | 21,776 | 32,561 | ||||||||||
City Developments Ltd. |
Real Estate Management & Development | 2,100 | 10,689 | |||||||||||
ComfortDelGro Corp. Ltd. |
Road & Rail | 9,300 | 10,344 | |||||||||||
DBS Group Holdings Ltd. |
Banks | 8,100 | 180,902 | |||||||||||
Frasers Logistics & Commercial Trust |
Equity Real Estate Investment Trusts (REITs | ) | 12,700 | 14,219 | ||||||||||
Genting Singapore Ltd. |
Hotels, Restaurants & Leisure | 25,900 | 13,736 | |||||||||||
Golden Agri-Resources Ltd. |
Food Products | 28,600 | 4,951 | |||||||||||
Jardine Cycle & Carriage Ltd. |
Distributors | 400 | 5,710 | |||||||||||
Keppel Corp. Ltd. |
Industrial Conglomerates | 6,400 | 24,608 | |||||||||||
Keppel DC REIT |
Equity Real Estate Investment Trusts (REITs | ) | 5,400 | 9,864 | ||||||||||
Keppel REIT |
Equity Real Estate Investment Trusts (REITs | ) | 9,600 | 7,496 | ||||||||||
Mapletree Commercial Trust |
Equity Real Estate Investment Trusts (REITs | ) | 9,900 | 15,095 | ||||||||||
d |
Mapletree Greater China Commercial Trust, Reg S |
Equity Real Estate Investment Trusts (REITs | ) | 10,200 | 7,250 | |||||||||
Mapletree Industrial Trust |
Equity Real Estate Investment Trusts (REITs | ) | 8,500 | 17,406 |
146 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
Singapore (continued) | ||||||||||||||
Mapletree Logistics Trust |
Equity Real Estate Investment Trusts (REITs | ) | 13,200 | $ | 19,835 | |||||||||
d |
NetLink NBN Trust, Reg S |
Diversified Telecommunication Services | 13,100 | 9,601 | ||||||||||
Olam International Ltd. |
Food & Staples Retailing | 3,400 | 4,408 | |||||||||||
Oversea-Chinese Banking Corp. Ltd. |
Banks | 15,700 | 132,992 | |||||||||||
a |
SATS Ltd. |
Transportation Infrastructure | 2,800 | 8,580 | ||||||||||
SembCorp Industries Ltd. |
Multi-Utilities | 4,100 | 5,527 | |||||||||||
a |
SembCorp Marine Ltd. |
Machinery | 27,115 | 1,658 | ||||||||||
a |
SIA Engineering Co. Ltd. |
Transportation Infrastructure | 1,200 | 1,865 | ||||||||||
a |
Singapore Airlines Ltd. |
Airlines | 5,700 | 21,119 | ||||||||||
Singapore Exchange Ltd. |
Capital Markets | 3,700 | 27,199 | |||||||||||
Singapore Post Ltd. |
Air Freight & Logistics | 6,600 | 3,087 | |||||||||||
Singapore Press Holdings Ltd. |
Media | 7,100 | 10,250 | |||||||||||
Singapore Technologies Engineering Ltd. |
Aerospace & Defense | 6,800 | 19,084 | |||||||||||
Singapore Telecommunications Ltd. |
Diversified Telecommunication Services | 33,900 | 61,427 | |||||||||||
StarHub Ltd. |
Wireless Telecommunication Services | 2,400 | 2,157 | |||||||||||
Suntec REIT |
Equity Real Estate Investment Trusts (REITs | ) | 9,300 | 9,727 | ||||||||||
United Overseas Bank Ltd. |
Banks | 5,800 | 110,437 | |||||||||||
UOL Group Ltd. |
Real Estate Management & Development | 2,200 | 11,117 | |||||||||||
Venture Corp. Ltd. |
Electronic Equipment, Instruments & Components | 1,200 | 15,884 | |||||||||||
Wilmar International Ltd. |
Food Products | 9,400 | 29,150 | |||||||||||
Wing Tai Holdings Ltd. |
Real Estate Management & Development | 1,800 | 2,400 | |||||||||||
Yanlord Land Group Ltd. |
Real Estate Management & Development | 3,300 | 2,698 | |||||||||||
|
|
|||||||||||||
941,160 | ||||||||||||||
|
|
|||||||||||||
South Korea 13.3% | ||||||||||||||
a |
Alteogen Inc. |
Biotechnology | 120 | 7,358 | ||||||||||
Amorepacific Corp. |
Personal Products | 141 | 21,257 | |||||||||||
AmorePacific Group |
Personal Products | 126 | 5,220 | |||||||||||
BGF Retail Co. Ltd. |
Food & Staples Retailing | 30 | 4,320 | |||||||||||
BNK Financial Group Inc. |
Banks | 1,320 | 9,855 | |||||||||||
a |
Celltrion Healthcare Co. Ltd. |
Health Care Providers & Services | 322 | 29,752 | ||||||||||
a |
Celltrion Inc. |
Biotechnology | 470 | 103,011 | ||||||||||
a |
Celltrion Pharm Inc. |
Pharmaceuticals | 80 | 9,885 | ||||||||||
Cheil Worldwide Inc. |
Media | 306 | 5,893 | |||||||||||
CJ CheilJedang Corp. |
Food Products | 36 | 12,451 | |||||||||||
CJ Corp. |
Industrial Conglomerates | 60 | 5,007 | |||||||||||
CJ ENM Co. Ltd. |
Internet & Direct Marketing Retail | 47 | 6,010 | |||||||||||
a |
CJ Logistics Corp. |
Road & Rail | 36 | 4,652 | ||||||||||
Coway Co. Ltd. |
Household Durables | 252 | 15,793 | |||||||||||
Daelim Industrial Co. Ltd. |
Construction & Engineering | 54 | 3,462 | |||||||||||
a |
Daewoo Engineering & Construction Co. Ltd. |
Construction & Engineering | 837 | 4,772 | ||||||||||
a |
Daewoo Shipbuilding & Marine Engineering Co. Ltd. |
Machinery | 210 | 4,771 | ||||||||||
DB Insurance Co. Ltd. |
Insurance | 198 | 10,636 | |||||||||||
DGB Financial Group Inc. |
Banks | 708 | 5,938 | |||||||||||
a |
DL E&C Co. Ltd. |
Construction & Engineering | 66 | 7,470 | ||||||||||
Dongsuh Cos. Inc. |
Food & Staples Retailing | 132 | 3,255 | |||||||||||
a |
Doosan Bobcat Inc. |
Machinery | 114 | 3,856 | ||||||||||
a |
Doosan Heavy Industries and Construction Co. Ltd. |
Electrical Equipment | 1,323 | 22,963 | ||||||||||
a |
Doosan Infracore Co. Ltd. |
Machinery | 201 | 1,623 | ||||||||||
Doosan Solus Co. Ltd. |
Electronic Equipment, Instruments & Components | 54 | 3,261 | |||||||||||
E-MART Inc. |
Food & Staples Retailing | 90 | 12,504 | |||||||||||
Ecopro BM Co. Ltd. |
Electrical Equipment | 38 | 14,988 | |||||||||||
Fila Holdings Corp. |
Textiles, Apparel & Luxury Goods | 234 | 8,429 | |||||||||||
Green Cross Corp. |
Biotechnology | 24 | 6,720 |
franklintempleton.com |
Semiannual Report |
147 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
South Korea (continued) | ||||||||||||||
GS Engineering & Construction Corp. |
Construction & Engineering | 282 | $ | 10,182 | ||||||||||
GS Holdings Corp. |
Oil, Gas & Consumable Fuels | 231 | 8,731 | |||||||||||
GS Retail Co. Ltd. |
Food & Staples Retailing | 162 | 4,467 | |||||||||||
Hana Financial Group Inc. |
Banks | 1,290 | 50,554 | |||||||||||
a |
Hanjin Kal Corp. |
Airlines | 95 | 4,910 | ||||||||||
Hankook Tire & Technology Co. Ltd. |
Auto Components | 336 | 12,274 | |||||||||||
Hanmi Pharm Co. Ltd. |
Pharmaceuticals | 33 | 7,665 | |||||||||||
Hanmi Science Co. Ltd. |
Pharmaceuticals | 66 | 3,462 | |||||||||||
Hanon Systems |
Auto Components | 717 | 9,477 | |||||||||||
Hanssem Co. Ltd. |
Household Durables | 45 | 4,561 | |||||||||||
Hanwha Aerospace Co. Ltd. |
Aerospace & Defense | 162 | 6,869 | |||||||||||
Hanwha Corp. |
Industrial Conglomerates | 195 | 5,641 | |||||||||||
Hanwha Corp. |
Industrial Conglomerates | 120 | 1,652 | |||||||||||
Hanwha Life Insurance Co. Ltd. |
Insurance | 1,233 | 3,759 | |||||||||||
a |
Hanwha Solutions Corp. |
Chemicals | 426 | 16,119 | ||||||||||
HDC Hyundai Development Co-Engineering & Construction |
Construction & Engineering | 219 | 5,087 | |||||||||||
a |
Helixmith Co. Ltd. |
Biotechnology | 148 | 3,019 | ||||||||||
Hite Jinro Co. Ltd. |
Beverages | 132 | 3,696 | |||||||||||
a |
HLB Inc. |
Leisure Products | 399 | 19,040 | ||||||||||
a |
HMM Co. Ltd. |
Marine | 1,569 | 44,658 | ||||||||||
Hotel Shilla Co. Ltd. |
Specialty Retail | 135 | 9,874 | |||||||||||
a |
HYBE Co. Ltd. |
Entertainment | 78 | 19,665 | ||||||||||
Hyundai Department Store Co. Ltd. |
Multiline Retail | 63 | 4,251 | |||||||||||
Hyundai Engineering & Construction Co. Ltd. |
Construction & Engineering | 324 | 14,066 | |||||||||||
Hyundai Glovis Co. Ltd. |
Air Freight & Logistics | 84 | 11,812 | |||||||||||
Hyundai Heavy Industries Holdings Co. Ltd. |
Machinery | 224 | 12,241 | |||||||||||
Hyundai Marine & Fire Insurance Co. Ltd. |
Insurance | 262 | 5,632 | |||||||||||
a |
Hyundai Mipo Dockyard Co. Ltd. |
Machinery | 88 | 5,195 | ||||||||||
Hyundai Mobis Co. Ltd. |
Auto Components | 288 | 61,541 | |||||||||||
Hyundai Motor Co. |
Automobiles | 624 | 105,405 | |||||||||||
Hyundai Steel Co. |
Metals & Mining | 342 | 13,677 | |||||||||||
Hyundai Wia Corp. |
Auto Components | 72 | 4,792 | |||||||||||
Industrial Bank of Korea |
Banks | 1,125 | 9,977 | |||||||||||
Kakao Corp. |
Interactive Media & Services | 1,224 | 121,986 | |||||||||||
a |
Kangwon Land Inc. |
Hotels, Restaurants & Leisure | 477 | 11,542 | ||||||||||
KB Financial Group Inc. |
Banks | 1,740 | 81,269 | |||||||||||
KCC Corp. |
Chemicals | 19 | 6,676 | |||||||||||
KEPCO Plant Service and Engineering Co. Ltd. |
Commercial Services & Supplies | 99 | 3,211 | |||||||||||
Kia Motors Corp. |
Automobiles | 1,161 | 79,623 | |||||||||||
Korea Aerospace Industries Ltd. |
Aerospace & Defense | 288 | 8,027 | |||||||||||
Korea Electric Power Corp. |
Electric Utilities | 1,156 | 22,993 | |||||||||||
a |
Korea Gas Corp. |
Gas Utilities | 114 | 4,684 | ||||||||||
Korea Investment Holdings Co. Ltd. |
Capital Markets | 169 | 12,318 | |||||||||||
a |
Korea Shipbuilding & Offshore Engineering Co Ltd. |
Machinery | 195 | 16,799 | ||||||||||
Korea Zinc Co. Ltd. |
Metals & Mining | 45 | 19,117 | |||||||||||
a |
Korean Air Lines Co. Ltd. |
Airlines | 783 | 22,286 | ||||||||||
KT&G Corp. |
Tobacco | 486 | 33,330 | |||||||||||
Kumho Petrochemical Co. Ltd. |
Chemicals | 78 | 12,451 | |||||||||||
LG Chem Ltd. |
Chemicals | 208 | 136,324 | |||||||||||
LG Corp. |
Industrial Conglomerates | 366 | 28,748 | |||||||||||
a |
LG Display Co. Ltd. |
Electronic Equipment, Instruments & Components | 990 | 15,845 | ||||||||||
LG Electronics Inc. |
Household Durables | 483 | 52,012 | |||||||||||
LG Household & Health Care Ltd. |
Personal Products | 39 | 44,040 | |||||||||||
LG Innotek Co. Ltd. |
Electronic Equipment, Instruments & Components | 63 | 11,094 |
148 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
South Korea (continued) | ||||||||||||||
LG Uplus Corp. |
Diversified Telecommunication Services | 957 | $ | 12,124 | ||||||||||
Lotte Chemical Corp. |
Chemicals | 66 | 13,462 | |||||||||||
Lotte Chilsung Beverage Co. Ltd. |
Beverages | 18 | 2,242 | |||||||||||
Lotte Corp. |
Industrial Conglomerates | 114 | 3,245 | |||||||||||
LOTTE Fine Chemical Co. Ltd. |
Chemicals | 81 | 6,239 | |||||||||||
Lotte Shopping Co. Ltd. |
Multiline Retail | 48 | 4,155 | |||||||||||
LS Corp. |
Electrical Equipment | 81 | 4,392 | |||||||||||
a |
LX Holdings Corp. |
Industrial Conglomerates | 183 | 1,470 | ||||||||||
a |
Mando Corp. |
Auto Components | 147 | 7,089 | ||||||||||
a |
Medytox Inc. |
Biotechnology | 21 | 2,818 | ||||||||||
Mirae Asset Daewoo Co. Ltd. |
Capital Markets | 753 | 3,065 | |||||||||||
Mirae Asset Daewood Co. Ltd. |
Capital Markets | 1,518 | 11,103 | |||||||||||
Naver Corp. |
Interactive Media & Services | 605 | 198,260 | |||||||||||
NCSoft Corp. |
Entertainment | 76 | 38,706 | |||||||||||
b |
Netmarble Corp., 144A |
Entertainment | 75 | 7,475 | ||||||||||
NH Investment & Securities Co. Ltd. |
Capital Markets | 582 | 6,341 | |||||||||||
a |
NHN Corp. |
Entertainment | 45 | 2,668 | ||||||||||
Nongshim Co. Ltd. |
Food Products | 15 | 3,579 | |||||||||||
a |
OCI Co. Ltd. |
Chemicals | 81 | 11,014 | ||||||||||
Orion Corp. |
Food Products | 96 | 9,527 | |||||||||||
Ottogi Corp. |
Food Products | 6 | 2,493 | |||||||||||
Pan Ocean Co. Ltd. |
Marine | 849 | 5,414 | |||||||||||
a |
Paradise Co. Ltd. |
Hotels, Restaurants & Leisure | 204 | 3,041 | ||||||||||
a |
Pearl Abyss Corp. |
Entertainment | 138 | 9,371 | ||||||||||
POSCO |
Metals & Mining | 291 | 81,106 | |||||||||||
POSCO Chemical Co. Ltd. |
Construction Materials | 123 | 18,388 | |||||||||||
Posco International Corp. |
Trading Companies & Distributors | 222 | 4,481 | |||||||||||
S-1 Corp. |
Commercial Services & Supplies | 87 | 6,143 | |||||||||||
S-Oil Corp. |
Oil, Gas & Consumable Fuels | 186 | 17,280 | |||||||||||
a,b |
Samsung Biologics Co. Ltd., 144A |
Life Sciences Tools & Services | 60 | 44,291 | ||||||||||
Samsung C&T Corp. |
Industrial Conglomerates | 375 | 39,115 | |||||||||||
Samsung Card Co. Ltd. |
Consumer Finance | 132 | 3,768 | |||||||||||
Samsung Electro-Mechanics Co. Ltd. |
Electronic Equipment, Instruments & Components | 249 | 37,329 | |||||||||||
Samsung Electronics Co. Ltd. |
Technology Hardware, Storage & Peripherals | 21,168 | 1,324,788 | |||||||||||
a |
Samsung Engineering Co. Ltd. |
Construction & Engineering | 702 | 15,149 | ||||||||||
Samsung Fire & Marine Insurance Co. Ltd. |
Insurance | 147 | 29,177 | |||||||||||
a |
Samsung Heavy Industries Co. Ltd. |
Machinery | 1,929 | 10,101 | ||||||||||
Samsung Life Insurance Co. Ltd. |
Insurance | 282 | 17,482 | |||||||||||
Samsung SDI Co. Ltd. |
Electronic Equipment, Instruments & Components | 236 | 143,115 | |||||||||||
Samsung SDS Co. Ltd. |
IT Services | 144 | 19,520 | |||||||||||
Samsung Securities Co. Ltd. |
Capital Markets | 276 | 11,166 | |||||||||||
Seegene Inc. |
Biotechnology | 126 | 6,460 | |||||||||||
Shin Poong Pharmaceutical Co. Ltd. |
Pharmaceuticals | 147 | 7,102 | |||||||||||
Shinhan Financial Group Co. Ltd. |
Banks | 2,232 | 76,159 | |||||||||||
Shinsegae Co. Ltd. |
Multiline Retail | 30 | 6,677 | |||||||||||
a,e |
SillaJen Inc. |
Biotechnology | 196 | 1,002 | ||||||||||
a |
SK Biopharmaceuticals Co. Ltd. |
Pharmaceuticals | 108 | 9,304 | ||||||||||
a |
SK Bioscience Co. Ltd. |
Biotechnology | 89 | 20,333 | ||||||||||
SK Chemicals Co. Ltd. |
Chemicals | 40 | 9,595 | |||||||||||
SK Holdings Co. Ltd. |
Industrial Conglomerates | 141 | 31,916 | |||||||||||
SK Hynix Inc. |
Semiconductors & Semiconductor Equipment | 2,325 | 202,259 | |||||||||||
a |
SK Innovation Co. Ltd. |
Oil, Gas & Consumable Fuels | 245 | 54,835 | ||||||||||
SK Networks Co. Ltd. |
Trading Companies & Distributors | 624 | 2,719 | |||||||||||
a |
SK Telecom Co. Ltd. |
Wireless Telecommunication Services | 99 | 27,091 | ||||||||||
SKC Co. Ltd. |
Chemicals | 87 | 12,418 | |||||||||||
Ssangyong Cement Industrial Co. Ltd. |
Construction Materials | 492 | 3,308 |
franklintempleton.com |
Semiannual Report |
149 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
South Korea (continued) | ||||||||||||||
Woori Financial Group Inc. |
Banks | 2,287 | $ | 22,503 | ||||||||||
Yuhan Corp. |
Pharmaceuticals | 216 | 11,220 | |||||||||||
|
|
|||||||||||||
4,300,031 | ||||||||||||||
|
|
|||||||||||||
Taiwan 16.6% | ||||||||||||||
Accton Technology Corp. |
Communications Equipment | 2,400 | 22,656 | |||||||||||
Acer Inc. |
Technology Hardware, Storage & Peripherals | 13,000 | 11,549 | |||||||||||
Advantech Co. Ltd. |
Technology Hardware, Storage & Peripherals | 1,950 | 25,547 | |||||||||||
ASE Industrial Holding Co. Ltd. |
Semiconductors & Semiconductor Equipment | 15,000 | 58,685 | |||||||||||
Asia Cement Corp. |
Construction Materials | 11,000 | 18,004 | |||||||||||
ASMedia Technology Inc. |
Semiconductors & Semiconductor Equipment | 150 | 8,991 | |||||||||||
Asustek Computer Inc. |
Technology Hardware, Storage & Peripherals | 3,000 | 35,050 | |||||||||||
AU Optronics Corp. |
Electronic Equipment, Instruments & Components | 40,000 | 25,341 | |||||||||||
Capital Securities Corp. |
Capital Markets | 9,000 | 4,910 | |||||||||||
Catcher Technology Co. Ltd. |
Technology Hardware, Storage & Peripherals | 2,720 | 16,353 | |||||||||||
Cathay Financial Holding Co. Ltd. |
Insurance | 37,000 | 76,894 | |||||||||||
Chailease Holding Co. Ltd. |
Diversified Financial Services | 6,300 | 55,627 | |||||||||||
Chang Hwa Commercial Bank Ltd. |
Banks | 30,300 | 17,890 | |||||||||||
Cheng Shin Rubber Industry Co. Ltd. |
Auto Components | 8,000 | 10,194 | |||||||||||
Chicony Electronics Co. Ltd. |
Technology Hardware, Storage & Peripherals | 3,000 | 8,291 | |||||||||||
a |
China Airlines Ltd. |
Airlines | 12,000 | 7,408 | ||||||||||
China Development Financial Holding Corp. |
Insurance | 63,000 | 32,110 | |||||||||||
China Life Insurance Co. Ltd. |
Insurance | 9,600 | 9,993 | |||||||||||
e |
China Motor Corp. |
Automobiles | 800 | 2,122 | ||||||||||
China Steel Corp. |
Metals & Mining | 56,000 | 72,963 | |||||||||||
Chunghwa Telecom Co. Ltd. |
Diversified Telecommunication Services | 17,000 | 67,425 | |||||||||||
Compal Electronics Inc. |
Technology Hardware, Storage & Peripherals | 19,000 | 16,094 | |||||||||||
CTBC Financial Holding Co. Ltd. |
Banks | 82,000 | 67,400 | |||||||||||
Delta Electronics Inc. |
Electronic Equipment, Instruments & Components | 10,000 | 90,451 | |||||||||||
E.Sun Financial Holding Co. Ltd. |
Banks | 57,361 | 54,148 | |||||||||||
Eclat Textile Co. Ltd. |
Textiles, Apparel & Luxury Goods | 960 | 20,916 | |||||||||||
a |
ENNOSTAR Inc. |
Semiconductors & Semiconductor Equipment | 2,500 | 6,371 | ||||||||||
Eternal Materials Co. Ltd. |
Chemicals | 5,000 | 6,757 | |||||||||||
a |
EVA Airways Corp. |
Airlines | 11,000 | 7,462 | ||||||||||
Evergreen Marine Corp. Taiwan Ltd. |
Marine | 12,000 | 54,270 | |||||||||||
Far Eastern International Bank |
Banks | 10,191 | 3,822 | |||||||||||
Far Eastern New Century Corp. |
Industrial Conglomerates | 18,000 | 19,285 | |||||||||||
Far EasTone Telecommunications Co. Ltd. |
Wireless Telecommunication Services | 7,000 | 15,452 | |||||||||||
Feng Tay Enterprise Co. Ltd. |
Textiles, Apparel & Luxury Goods | 1,980 | 15,280 | |||||||||||
First Financial Holding Co. Ltd. |
Banks | 46,490 | 37,629 | |||||||||||
a,b |
FIT Hon Teng Ltd., 144A |
Electronic Equipment, Instruments & Components | 6,000 | 1,256 | ||||||||||
Formosa Chemicals & Fibre Corp. |
Chemicals | 15,000 | 45,171 | |||||||||||
Formosa Petrochemical Corp. |
Oil, Gas & Consumable Fuels | 6,000 | 21,364 | |||||||||||
Formosa Plastics Corp. |
Chemicals | 21,500 | 87,588 | |||||||||||
Formosa Taffeta Co. Ltd. |
Textiles, Apparel & Luxury Goods | 5,000 | 5,393 | |||||||||||
Foxconn Technology Co. Ltd. |
Electronic Equipment, Instruments & Components | 5,000 | 12,616 | |||||||||||
Fubon Financial Holding Co. Ltd. |
Insurance | 37,400 | 102,962 | |||||||||||
Genius Electronic Optical Co. Ltd. |
Electronic Equipment, Instruments & Components | 390 | 5,767 | |||||||||||
Giant Manufacturing Co. Ltd. |
Leisure Products | 1,000 | 11,432 | |||||||||||
Globalwafers Co. Ltd. |
Semiconductors & Semiconductor Equipment | 1,050 | 29,962 | |||||||||||
Hiwin Technologies Corp. |
Machinery | 1,236 | 13,731 | |||||||||||
Hon Hai Precision Industry Co. Ltd. |
Electronic Equipment, Instruments & Components | 54,000 | 203,514 | |||||||||||
Hotai Motor Co. Ltd. |
Specialty Retail | 1,500 | 31,496 | |||||||||||
a |
HTC Corp. |
Technology Hardware, Storage & Peripherals | 3,000 | 3,963 | ||||||||||
Hua Nan Financial Holdings Co. Ltd. |
Banks | 45,161 | 33,068 | |||||||||||
Innolux Corp. |
Electronic Equipment, Instruments & Components | 39,000 | 23,797 |
150 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
Taiwan (continued) | ||||||||||||||
Inventec Corp. |
Technology Hardware, Storage & Peripherals | 14,000 | $ | 12,965 | ||||||||||
Largan Precision Co. Ltd. |
Electronic Equipment, Instruments & Components | 470 | 36,945 | |||||||||||
Lite-On Technology Corp. |
Technology Hardware, Storage & Peripherals | 10,000 | 22,433 | |||||||||||
MediaTek Inc. |
Semiconductors & Semiconductor Equipment | 6,750 | 219,262 | |||||||||||
Mega Financial Holding Co. Ltd. |
Banks | 49,000 | 56,368 | |||||||||||
Micro-Star International Co. Ltd. |
Technology Hardware, Storage & Peripherals | 3,000 | 13,944 | |||||||||||
momo.com Inc. |
Internet & Direct Marketing Retail | 273 | 15,874 | |||||||||||
Nan Ya Plastics Corp. |
Chemicals | 25,000 | 82,105 | |||||||||||
Nan Ya Printed Circuit Board Corp. |
Electronic Equipment, Instruments & Components | 1,000 | 15,613 | |||||||||||
Nanya Technology Corp. |
Semiconductors & Semiconductor Equipment | 4,000 | 9,461 | |||||||||||
Nien Made Enterprise Co. Ltd. |
Household Durables | 660 | 9,381 | |||||||||||
Novatek Microelectronics Corp. Ltd. |
Semiconductors & Semiconductor Equipment | 2,700 | 39,734 | |||||||||||
a |
OBI Pharma Inc. |
Biotechnology | 1,000 | 3,733 | ||||||||||
a |
Oneness Biotech Co. Ltd. |
Pharmaceuticals | 1,200 | 7,968 | ||||||||||
Parade Technologies Ltd. |
Semiconductors & Semiconductor Equipment | 318 | 18,890 | |||||||||||
Pegatron Corp. |
Technology Hardware, Storage & Peripherals | 9,000 | 21,644 | |||||||||||
Pou Chen Corp. |
Textiles, Apparel & Luxury Goods | 12,000 | 14,537 | |||||||||||
Powertech Technology Inc. |
Semiconductors & Semiconductor Equipment | 3,000 | 11,252 | |||||||||||
President Chain Store Corp. |
Food & Staples Retailing | 2,700 | 27,135 | |||||||||||
Quanta Computer Inc. |
Technology Hardware, Storage & Peripherals | 12,000 | 33,381 | |||||||||||
Realtek Semiconductor Corp. |
Semiconductors & Semiconductor Equipment | 2,100 | 37,349 | |||||||||||
Shin Kong Financial Holding Co. Ltd. |
Insurance | 57,041 | 19,061 | |||||||||||
Sino-American Silicon Products Inc. |
Semiconductors & Semiconductor Equipment | 2,000 | 13,029 | |||||||||||
SinoPac Financial Holdings Co. Ltd. |
Banks | 48,000 | 23,948 | |||||||||||
Synnex Technology International Corp. |
Electronic Equipment, Instruments & Components | 6,000 | 11,242 | |||||||||||
Taishin Financial Holding Co. Ltd. |
Banks | 49,180 | 31,951 | |||||||||||
Taiwan Business Bank |
Banks | 24,816 | 8,515 | |||||||||||
Taiwan Cement Corp. |
Construction Materials | 23,000 | 42,103 | |||||||||||
Taiwan Cooperative Financial Holding Co. Ltd. |
Banks | 44,880 | 35,601 | |||||||||||
Taiwan Fertilizer Co. Ltd. |
Chemicals | 3,000 | 7,301 | |||||||||||
Taiwan Glass Industry Corp. |
Building Products | 7,000 | 7,437 | |||||||||||
Taiwan High Speed Rail Corp. |
Transportation Infrastructure | 9,000 | 9,562 | |||||||||||
Taiwan Mobile Co. Ltd. |
Wireless Telecommunication Services | 7,500 | 26,624 | |||||||||||
Taiwan Secom Co. Ltd. |
Commercial Services & Supplies | 1,000 | 3,503 | |||||||||||
Taiwan Semiconductor Manufacturing Co. Ltd. |
Semiconductors & Semiconductor Equipment | 108,000 | 2,248,344 | |||||||||||
Teco Electric & Machinery Co. Ltd. |
Electrical Equipment | 9,000 | 10,095 | |||||||||||
The Shanghai Commercial & Savings Bank Ltd. |
Banks | 15,000 | 23,905 | |||||||||||
Transcend Information Inc. |
Technology Hardware, Storage & Peripherals | 1,000 | 2,408 | |||||||||||
U-Ming Marine Transport Corp. |
Marine | 2,000 | 4,925 | |||||||||||
Uni-President Enterprises Corp. |
Food Products | 22,000 | 53,933 | |||||||||||
Unimicron Technology Corp. |
Electronic Equipment, Instruments & Components | 6,000 | 28,427 | |||||||||||
United Microelectronics Corp. |
Semiconductors & Semiconductor Equipment | 52,000 | 119,452 | |||||||||||
Vanguard International Semiconductor Corp. |
Semiconductors & Semiconductor Equipment | 4,000 | 21,751 | |||||||||||
Voltronic Power Technology Corp. |
Electrical Equipment | 200 | 12,275 | |||||||||||
Walsin Lihwa Corp. |
Electrical Equipment | 15,000 | 13,568 | |||||||||||
Walsin Technology Corp. |
Electronic Equipment, Instruments & Components | 2,100 | 11,532 | |||||||||||
Wan Hai Lines Ltd. |
Marine | 3,300 | 24,104 | |||||||||||
Win Semiconductors Corp. |
Semiconductors & Semiconductor Equipment | 1,920 | 21,364 | |||||||||||
Winbond Electronics Corp. |
Semiconductors & Semiconductor Equipment | 14,000 | 13,316 | |||||||||||
Wistron Corp. |
Technology Hardware, Storage & Peripherals | 13,000 | 12,832 | |||||||||||
Wiwynn Corp. |
Technology Hardware, Storage & Peripherals | 390 | 12,179 | |||||||||||
a |
Yageo Corp. |
Electronic Equipment, Instruments & Components | 2,100 | 33,354 | ||||||||||
a |
Yang Ming Marine Transport Corp. |
Marine | 7,000 | 30,025 | ||||||||||
Yuanta Financial Holding Co. Ltd. |
Diversified Financial Services | 53,000 | 46,988 | |||||||||||
Yulon Motor Co. Ltd. |
Automobiles | 2,271 | 3,481 | |||||||||||
Zhen Ding Technology Holding Ltd. |
Electronic Equipment, Instruments & Components | 3,000 | 10,649 | |||||||||||
|
|
|||||||||||||
5,345,178 | ||||||||||||||
|
|
franklintempleton.com |
Semiannual Report |
151 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
Thailand 2.2% | ||||||||||||||
Advanced Info Service PCL, NVDR |
Wireless Telecommunication Services | 5,100 | $ | 29,543 | ||||||||||
Airports of Thailand Public Co. Ltd., NVDR |
Transportation Infrastructure | 19,200 | 34,615 | |||||||||||
a |
Asset World Corp PCL, NVDR |
Hotels, Restaurants & Leisure | 31,800 | 4,380 | ||||||||||
B Grimm Power PCL, NVDR |
Independent Power and Renewable Electricity Producers | 3,300 | 3,999 | |||||||||||
Bangkok Bank PCL, fgn. |
Banks | 2,400 | 8,299 | |||||||||||
Bangkok Bank PCL, NVDR |
Banks | 900 | 3,099 | |||||||||||
Bangkok Dusit Medical Services PCL, NVDR |
Health Care Providers & Services | 40,200 | 27,089 | |||||||||||
Bangkok Expressway and Metro PCL, NVDR |
Transportation Infrastructure | 35,400 | 9,155 | |||||||||||
Bangkok Life Assurance PCL, NVDR |
Insurance | 2,300 | 1,971 | |||||||||||
Banpu PCL, NVDR |
Oil, Gas & Consumable Fuels | 25,800 | 9,455 | |||||||||||
Berli Jucker PCL, NVDR |
Food & Staples Retailing | 4,800 | 4,682 | |||||||||||
BTS Group Holdings PCL, NVDR |
Road & Rail | 38,400 | 10,668 | |||||||||||
Bumrungrad Hospital PCL, NVDR |
Health Care Providers & Services | 1,500 | 6,273 | |||||||||||
Carabao Group PCL, NVDR |
Beverages | 1,600 | 5,675 | |||||||||||
Central Pattana PCL, NVDR |
Real Estate Management & Development | 12,300 | 19,267 | |||||||||||
Central Retail Corp. PCL, NVDR |
Multiline Retail | 12,600 | 12,475 | |||||||||||
Charoen Pokphand Foods PCL, NVDR |
Food Products | 16,200 | 12,329 | |||||||||||
CP ALL PCL, NVDR |
Food & Staples Retailing | 23,400 | 43,916 | |||||||||||
Delta Electronics Thailand PCL, NVDR |
Electronic Equipment, Instruments & Components | 1,300 | 18,058 | |||||||||||
Digital Telecommunications Infrastructure Fund, fgn. |
Diversified Financial Services | 23,800 | 9,074 | |||||||||||
Electricity Generating PCL, NVDR |
Independent Power and Renewable Electricity Producers | 1,200 | 6,171 | |||||||||||
Energy Absolute PCL, NVDR |
Independent Power and Renewable Electricity Producers | 7,600 | 13,758 | |||||||||||
Global Power Synergy PCL, NVDR |
Independent Power and Renewable Electricity Producers | 3,000 | 6,694 | |||||||||||
Gulf Energy Development PCL, NVDR |
Independent Power and Renewable Electricity Producers | 19,200 | 23,550 | |||||||||||
Home Product Center PCL, NVDR, NVDR |
Specialty Retail | 25,200 | 10,129 | |||||||||||
Indorama Ventures PCL, NVDR |
Chemicals | 8,100 | 10,653 | |||||||||||
Intouch Holdings PCL, NVDR |
Wireless Telecommunication Services | 6,300 | 14,989 | |||||||||||
IRPC PCL, NVDR |
Oil, Gas & Consumable Fuels | 47,100 | 5,791 | |||||||||||
Kasikornbank PCL, fgn. |
Banks | 5,100 | 20,047 | |||||||||||
Kasikornbank PCL, NVDR |
Banks | 1,700 | 6,708 | |||||||||||
Krung Thai Bank PCL, NVDR |
Banks | 27,900 | 9,070 | |||||||||||
Krungthai Card PCL, NVDR |
Consumer Finance | 6,000 | 9,709 | |||||||||||
Land and Houses PCL, NVDR |
Real Estate Management & Development | 36,900 | 8,670 | |||||||||||
a |
Minor International PCL, NVDR |
Hotels, Restaurants & Leisure | 18,000 | 16,758 | ||||||||||
Muangthai Capital PCL, NVDR |
Consumer Finance | 3,000 | 5,165 | |||||||||||
Osotspa PCL, NVDR |
Beverages | 6,300 | 6,331 | |||||||||||
PTT Exploration and Production PCL, NVDR |
Oil, Gas & Consumable Fuels | 6,300 | 21,878 | |||||||||||
PTT Global Chemical PCL, NVDR |
Chemicals | 9,000 | 16,824 | |||||||||||
PTT Oil & Retail Business PCL, NVDR |
Specialty Retail | 12,600 | 10,241 | |||||||||||
PTT PCL, NVDR |
Oil, Gas & Consumable Fuels | 64,500 | 74,346 | |||||||||||
Ratch Group PCL, NVDR |
Independent Power and Renewable Electricity Producers | 3,300 | 4,413 | |||||||||||
SCG Packaging PCL, NVDR |
Containers & Packaging | 5,400 | 9,656 | |||||||||||
Siam City Cement PCL, NVDR |
Construction Materials | 300 | 1,428 | |||||||||||
Siam Commercial Bank PCL, NVDR |
Banks | 10,800 | 38,942 | |||||||||||
Siam Makro Public Company Ltd., NVDR |
Food & Staples Retailing | 1,500 | 2,250 | |||||||||||
Sri Trang Gloves Thailand PCL, NVDR |
Health Care Equipment & Supplies | 4,200 | 3,879 | |||||||||||
Srisawad Corp. PCL, NVDR |
Consumer Finance | 2,800 | 5,214 | |||||||||||
Thai Oil PCL, NVDR |
Oil, Gas & Consumable Fuels | 4,800 | 7,412 | |||||||||||
Thai Union Group PCL, NVDR |
Food Products | 12,300 | 7,889 | |||||||||||
The Siam Cement PCL, NVDR |
Construction Materials | 3,800 | 45,149 | |||||||||||
TMB Bank PCL, NVDR |
Banks | 195,300 | 6,407 |
152 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
Thailand (continued) | ||||||||||||||
Total Access Communication PCL, NVDR |
Wireless Telecommunication Services | 3,300 | $ | 4,023 | ||||||||||
True Corporation PCL, NVDR |
Diversified Telecommunication Services | 46,500 | 5,222 | |||||||||||
|
|
|||||||||||||
713,388 | ||||||||||||||
|
|
|||||||||||||
United Kingdom 0.2% | ||||||||||||||
CK Hutchison Holdings Ltd. |
Industrial Conglomerates | 12,000 | 80,081 | |||||||||||
|
|
|||||||||||||
United States 0.1% | ||||||||||||||
b |
JS Global Lifestyle Co. Ltd., 144A |
Household Durables | 3,000 | 6,975 | ||||||||||
a,b |
Samsonite International SA, 144A |
Textiles, Apparel & Luxury Goods | 6,000 | 12,949 | ||||||||||
|
|
|||||||||||||
19,924 | ||||||||||||||
|
|
|||||||||||||
Total
Common Stocks and Other Equity Interests |
32,106,142 | |||||||||||||
|
|
|||||||||||||
Preferred Stocks 0.8% | ||||||||||||||
South Korea 0.8% | ||||||||||||||
f |
Amorepacific Corp., 1.134%, pfd. |
Personal Products | 45 | 2,698 | ||||||||||
f |
CJ CheilJedang Corp., 2.040%, pfd. |
Food Products | 6 | 1,006 | ||||||||||
f |
Hyundai Motor Co., 4.293%, pfd. |
Automobiles | 156 | 12,583 | ||||||||||
f |
Hyundai Motor Co., 4.197%, pfd. |
Automobiles | 99 | 8,069 | ||||||||||
f |
LG Chem Ltd., 2.676%, pfd. |
Chemicals | 34 | 10,783 | ||||||||||
f |
LG Electronics Inc., 1.900%, pfd. |
Household Durables | 81 | 4,502 | ||||||||||
f |
LG Household & Health Care Ltd., 1.721%, pfd. |
Personal Products | 9 | 4,880 | ||||||||||
f |
Samsung Electronics Co. Ltd., 4.323%, pfd. |
Technology Hardware, Storage & Peripherals | 3,708 | 217,970 | ||||||||||
f |
Samsung Fire & Marine Insurance Co. Ltd., 5.017%, pfd. |
Insurance | 12 | 1,779 | ||||||||||
f |
Samsung SDI Co. Ltd., 0.268%, pfd. |
Electronic Equipment, Instruments & Components | 6 | 1,984 | ||||||||||
|
|
|||||||||||||
Total
Preferred Stocks |
266,254 | |||||||||||||
|
|
|||||||||||||
Warrants 0.0%† | ||||||||||||||
Thailand 0.0%† | ||||||||||||||
a |
BTS W7 RBTS Group Holdings PCL, NVDR, 7/22/22 |
Biotechnology | 3,840 | — | ||||||||||
a |
BTS W8 R, 7/22/22 |
Biotechnology | 7,680 | — | ||||||||||
|
|
|||||||||||||
Total Warrants (Cost $0) |
— | |||||||||||||
|
|
|||||||||||||
Rights 0.0%† | ||||||||||||||
India 0.0%† | ||||||||||||||
a |
Bharti Airtel Ltd., rts., 10/21/21 |
Wireless Telecommunication Services | 734 | — | ||||||||||
|
|
|||||||||||||
South Korea 0.0%† | ||||||||||||||
a |
Hyundai Engineering & Construction Co. Ltd., rts., 22/10/21 |
Construction & Engineering | 5 | 339 | ||||||||||
a |
Samsung Heavy Industries Co. Ltd., rts., 29/10/21 |
Machinery | 638 | 576 | ||||||||||
|
|
|||||||||||||
915 | ||||||||||||||
|
|
|||||||||||||
Total Rights (Cost $0) |
915 | |||||||||||||
|
|
|||||||||||||
Total Investments before Short Term Investments (Cost $30,543,220) |
32,373,311 | |||||||||||||
|
|
franklintempleton.com |
Semiannual Report |
153 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Asia ex Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Short Term Investments 0.3% | ||||||||||||||
Investments from Cash Collateral Received for Loaned Securities 0.3% |
||||||||||||||
United States 0.3% | ||||||||||||||
g,h |
Institutional Fiduciary Trust Portfolio, 0.01% |
Money Market Funds | 92,451 | $ | 92,451 | |||||||||
|
|
|||||||||||||
Total Investments (Cost $30,635,671) 100.6% |
32,465,762 | |||||||||||||
Other Assets, less Liabilities (0.6)% |
(195,034 | ) | ||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 32,270,728 | ||||||||||||
|
|
†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, 2021, the aggregate value of these securities was $2,084,537, representing 6.5% of net assets.
cA portion or all of the security is on loan at September 30, 2021. See Note 1(d).
dSecurity was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. At September 30, 2021, the aggregate value of these securities was $291,254, representing 0.9% of net assets.
eFair valued using significant unobservable inputs. See Note 9 regarding fair value measurements.
fVariable rate security. The rate shown represents the yield at period end.
gSee Note 3(c) regarding investments in affiliated management investment companies.
hThe rate shown is the annualized seven-day effective yield at period end.
At September 30, 2021, 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 Emerging Markets Index |
Long | 1 | $ | 49,630 | 12/17/21 | $ | (1,761 | ) |
*As of period end.
See Note 8 regarding other derivative information.
See Abbreviations on page 339.
154 |
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, 2021 (unaudited) |
Year Ended March 31, | |||||||||||||||||||
2021 | 2020 | 2019 | 2018a | |||||||||||||||||
Per share operating
performance (for a share outstanding throughout the period) |
| |||||||||||||||||||
Net asset value, beginning of period |
$ | 29.12 | $ | 17.38 | $ | 24.63 | $ | 24.67 | $ | 25.23 | ||||||||||
|
|
|||||||||||||||||||
Income from investment operationsb: |
| |||||||||||||||||||
Net investment incomec |
0.79 | 0.81 | 1.07 | 1.29 | 0.52 | |||||||||||||||
Net realized and unrealized gains (losses) |
0.36 | 11.55 | (7.18 | ) | (0.37 | ) | (1.03 | ) | ||||||||||||
|
|
|||||||||||||||||||
Total from investment operations |
1.15 | 12.36 | (6.11 | ) | 0.92 | (0.51 | ) | |||||||||||||
|
|
|||||||||||||||||||
Less distributions from net investment income |
(0.52 | ) | (0.62 | ) | (1.14 | ) | (0.96 | ) | (0.05 | ) | ||||||||||
|
|
|||||||||||||||||||
Net asset value, end of period |
$ | 29.75 | $ | 29.12 | $ | 17.38 | $ | 24.63 | $ | 24.67 | ||||||||||
|
|
|||||||||||||||||||
Total returnd |
3.86% | 71.72% | (26.23)% | 4.00% | (2.05)% | |||||||||||||||
Ratios to average net assetse |
| |||||||||||||||||||
Total expenses |
0.09% | 0.09% | 0.09% | 0.09% | 0.09% | |||||||||||||||
Net investment income |
5.15% | 3.25% | 4.28% | 5.30% | 4.96% | |||||||||||||||
Supplemental data |
| |||||||||||||||||||
Net assets, end of period (000’s) |
$23,800 | $23,295 | $7,820 | $7,389 | $2,467 | |||||||||||||||
Portfolio turnover ratef |
3.24% | g | 6.98% | g | 8.16% | g | 4.56% | 1.63% |
aFor the period November 2, 2017 (commencement of operations) to March 31, 2018.
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: | 3.24% | 6.98% | 8.16% |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
155 |
FRANKLIN TEMPLETON ETF TRUST
Statement of Investments, September 30, 2021 (unaudited)
Industry | Shares | Value | ||||||||||||
Common Stocks 99.8% | ||||||||||||||
Australia 96.1% | ||||||||||||||
Adbri Ltd. |
Construction Materials | 8,304 | $ | 19,375 | ||||||||||
a |
Afterpay Ltd. |
IT Services | 4,048 | 354,749 | ||||||||||
AGL Energy Ltd. |
Multi-Utilities | 11,280 | 47,096 | |||||||||||
ALS Ltd. |
Professional Services | 8,720 | 79,933 | |||||||||||
Altium Ltd. |
Software | 1,968 | 50,495 | |||||||||||
Alumina Ltd. |
Metals & Mining | 45,824 | 69,512 | |||||||||||
a |
AMP Ltd. |
Diversified Financial Services | 59,408 | 42,484 | ||||||||||
Ampol Ltd. |
Oil, Gas & Consumable Fuels | 4,320 | 87,219 | |||||||||||
Ansell Ltd. |
Health Care Equipment & Supplies | 2,336 | 57,709 | |||||||||||
Apa Group |
Gas Utilities | 21,456 | 135,149 | |||||||||||
Appen Ltd. |
IT Services | 1,984 | 12,841 | |||||||||||
Aristocrat Leisure Ltd. |
Hotels, Restaurants & Leisure | 11,600 | 393,406 | |||||||||||
Atlas Arteria Ltd. |
Transportation Infrastructure | 17,392 | 81,535 | |||||||||||
Aurizon Holdings Ltd. |
Road & Rail | 32,000 | 87,607 | |||||||||||
AusNet Services |
Electric Utilities | 33,808 | 61,541 | |||||||||||
Australia & New Zealand Banking Group Ltd. |
Banks | 51,696 | 1,051,195 | |||||||||||
Australian Stock Exchange Ltd. |
Capital Markets | 3,520 | 205,956 | |||||||||||
Bank of Queensland Ltd. |
Banks | 11,616 | 78,538 | |||||||||||
Beach Energy Ltd. |
Oil, Gas & Consumable Fuels | 32,016 | 34,575 | |||||||||||
Bendigo and Adelaide Bank Ltd. |
Banks | 9,872 | 67,388 | |||||||||||
BHP Group Ltd. |
Metals & Mining | 53,520 | 1,454,010 | |||||||||||
BlueScope Steel Ltd. |
Metals & Mining | 9,152 | 135,524 | |||||||||||
a |
Boral Ltd. |
Construction Materials | 7,312 | 32,430 | ||||||||||
Brambles Ltd. |
Commercial Services & Supplies | 26,400 | 205,384 | |||||||||||
carsales.com Ltd. |
Interactive Media & Services | 4,896 | 89,618 | |||||||||||
Challenger Ltd. |
Diversified Financial Services | 12,160 | 55,162 | |||||||||||
Charter Hall Group |
Equity Real Estate Investment Trusts (REITs | ) | 8,432 | 104,458 | ||||||||||
Cimic Group Ltd. |
Construction & Engineering | 1,696 | 24,086 | |||||||||||
Cleanaway Waste Management Ltd. |
Commercial Services & Supplies | 24,784 | 49,412 | |||||||||||
Cochlear Ltd. |
Health Care Equipment & Supplies | 1,168 | 185,953 | |||||||||||
Coles Group Ltd. |
Food & Staples Retailing | 23,024 | 282,567 | |||||||||||
Commonwealth Bank of Australia |
Banks | 32,240 | 2,429,697 | |||||||||||
Computershare Ltd. |
IT Services | 9,744 | 128,243 | |||||||||||
a |
Crown Resorts Ltd. |
Hotels, Restaurants & Leisure | 6,304 | 43,624 | ||||||||||
CSL Ltd. |
Biotechnology | 8,256 | 1,749,756 | |||||||||||
CSR Ltd. |
Construction Materials | 8,800 | 35,534 | |||||||||||
Deterra Royalties Ltd. |
Metals & Mining | 7,680 | 21,026 | |||||||||||
Dexus |
Equity Real Estate Investment Trusts (REITs | ) | 19,552 | 152,533 | ||||||||||
Domain Holdings Australia Ltd. |
Interactive Media & Services | 4,208 | 17,174 | |||||||||||
Domino’s Pizza Enterprises Ltd. |
Hotels, Restaurants & Leisure | 1,104 | 127,963 | |||||||||||
Downer EDI Ltd. |
Commercial Services & Supplies | 12,704 | 59,282 | |||||||||||
Endeavour Group Ltd. |
Food & Staples Retailing | 23,040 | 116,168 | |||||||||||
Evolution Mining Ltd. |
Metals & Mining | 30,976 | 78,091 | |||||||||||
a |
Flight Centre Travel Group Ltd. |
Hotels, Restaurants & Leisure | 2,608 | 40,428 | ||||||||||
Fortescue Metals Group Ltd. |
Metals & Mining | 28,880 | 312,088 | |||||||||||
Goodman Group |
Equity Real Estate Investment Trusts (REITs | ) | 32,928 | 515,671 | ||||||||||
GPT Group |
Equity Real Estate Investment Trusts (REITs | ) | 34,816 | 127,507 | ||||||||||
Harvey Norman Holdings Ltd. |
Multiline Retail | 10,720 | 38,950 | |||||||||||
IDP Education Ltd. |
Diversified Consumer Services | 3,280 | 80,817 | |||||||||||
IGO Ltd. |
Metals & Mining | 11,296 | 72,458 | |||||||||||
Iluka Resources Ltd. |
Metals & Mining | 7,632 | 50,058 | |||||||||||
Incitec Pivot Ltd. |
Chemicals | 35,248 | 74,857 | |||||||||||
Insurance Australia Group Ltd. |
Insurance | 44,784 | 159,161 | |||||||||||
IOOF Holdings Ltd. |
Capital Markets | 11,536 | 35,915 | |||||||||||
JB Hi-Fi Ltd. |
Specialty Retail | 2,048 | 67,341 | |||||||||||
Lendlease Crop. Ltd. |
Real Estate Management & Development | 12,480 | 97,812 | |||||||||||
Macquarie Group Ltd. |
Capital Markets | 6,064 | 797,220 |
156 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Australia ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Australia (continued) | ||||||||||||||
Magellan Financial Group Ltd. |
Capital Markets | 2,512 | $ | 64,180 | ||||||||||
Medibank Private Ltd. |
Insurance | 50,064 | 129,828 | |||||||||||
Metcash Ltd. |
Food & Staples Retailing | 17,552 | 49,827 | |||||||||||
Mineral Resources Ltd. |
Metals & Mining | 2,528 | 81,828 | |||||||||||
Mirvac Group |
Equity Real Estate Investment Trusts (REITs | ) | 71,504 | 154,436 | ||||||||||
National Australia Bank Ltd. |
Banks | 59,920 | 1,204,572 | |||||||||||
Newcrest Mining Ltd. |
Metals & Mining | 14,832 | 242,563 | |||||||||||
a |
NEXTDC Ltd. |
IT Services | 8,224 | 71,466 | ||||||||||
Northern Star Resources Ltd. |
Metals & Mining | 20,640 | 126,729 | |||||||||||
a |
Nufarm Ltd. |
Chemicals | 5,792 | 20,082 | ||||||||||
Oil Search Ltd. |
Oil, Gas & Consumable Fuels | 37,680 | 119,488 | |||||||||||
Orica Ltd. |
Chemicals | 7,360 | 73,315 | |||||||||||
Origin Energy Ltd. |
Electric Utilities | 31,920 | 109,062 | |||||||||||
Orora Ltd. |
Containers & Packaging | 15,920 | 35,764 | |||||||||||
OZ Minerals Ltd. |
Metals & Mining | 5,904 | 96,000 | |||||||||||
Perpetual Ltd. |
Capital Markets | 1,024 | 28,278 | |||||||||||
Platinum Asset Management Ltd. |
Capital Markets | 5,472 | 13,993 | |||||||||||
Pro Medicus Ltd. |
Health Care Technology | 752 | 29,665 | |||||||||||
a |
Qantas Airways Ltd. |
Airlines | 13,376 | 54,784 | ||||||||||
QBE Insurance Group Ltd. |
Insurance | 26,752 | 225,321 | |||||||||||
Qube Logistics Holdings Ltd. |
Transportation Infrastructure | 26,640 | 63,503 | |||||||||||
Ramsay Health Care Ltd. |
Health Care Providers & Services | 3,168 | 159,319 | |||||||||||
REA Group Ltd. |
Interactive Media & Services | 912 | 104,648 | |||||||||||
Reece Ltd. |
Trading Companies & Distributors | 4,816 | 66,550 | |||||||||||
Rio Tinto Ltd. |
Metals & Mining | 6,736 | 487,451 | |||||||||||
Santos Ltd. |
Oil, Gas & Consumable Fuels | 32,144 | 166,482 | |||||||||||
Scentre Group |
Equity Real Estate Investment Trusts (REITs | ) | 94,272 | 203,611 | ||||||||||
SEEK Ltd. |
Interactive Media & Services | 6,336 | 142,430 | |||||||||||
Seven Group Holdings Ltd. |
Trading Companies & Distributors | 2,560 | 38,260 | |||||||||||
Shopping Centres Australasia Property Group |
Equity Real Estate Investment Trusts (REITs | ) | 19,632 | 38,289 | ||||||||||
Sonic Healthcare Ltd. |
Health Care Providers & Services | 8,672 | 254,703 | |||||||||||
South32 Ltd. |
Metals & Mining | 85,792 | 218,761 | |||||||||||
Stockland |
Equity Real Estate Investment Trusts (REITs | ) | 43,360 | 140,319 | ||||||||||
Suncorp-Metway Ltd. |
Insurance | 23,296 | 211,358 | |||||||||||
a |
Sydney Airport |
Transportation Infrastructure | 24,048 | 143,138 | ||||||||||
Tabcorp Holdings Ltd. |
Hotels, Restaurants & Leisure | 37,792 | 134,038 | |||||||||||
Telstra Corp. Ltd. |
Diversified Telecommunication Services | 75,680 | 214,843 | |||||||||||
a |
The Star Entertainment Group Ltd. |
Hotels, Restaurants & Leisure | 15,552 | 50,216 | ||||||||||
TPG Telecom Limited |
Diversified Telecommunication Services | 6,672 | 34,026 | |||||||||||
Transurban Group |
Transportation Infrastructure | 49,728 | 508,642 | |||||||||||
Transurban Group |
Transportation Infrastructure | 5,526 | 56,523 | |||||||||||
Treasury Wine Estates Ltd. |
Beverages | 13,120 | 117,612 | |||||||||||
Vicinity Centres |
Equity Real Estate Investment Trusts (REITs | ) | 68,528 | 82,667 | ||||||||||
Washington H. Soul Pattinson & Co. Ltd. |
Oil, Gas & Consumable Fuels | 1,648 | 46,451 | |||||||||||
Wesfarmers Ltd. |
Multiline Retail | 20,560 | 827,972 | |||||||||||
Westpac Banking Corp. |
Banks | 66,640 | 1,251,573 | |||||||||||
a |
Whitehaven Coal Ltd. |
Oil, Gas & Consumable Fuels | 15,616 | 36,435 | ||||||||||
WiseTech Global Ltd. |
Software | 1,520 | 58,906 | |||||||||||
Woodside Petroleum Ltd. |
Oil, Gas & Consumable Fuels | 17,456 | 301,111 | |||||||||||
Woolworths Group Ltd. |
Food & Staples Retailing | 23,024 | 654,445 | |||||||||||
Worley Ltd. |
Energy Equipment & Services | 6,784 | 48,563 | |||||||||||
|
|
|||||||||||||
22,860,307 | ||||||||||||||
|
|
|||||||||||||
Ireland 1.2% | ||||||||||||||
James Hardie Industries PLC, CDI |
Construction Materials | 8,064 | 292,824 | |||||||||||
|
|
|||||||||||||
New Zealand 1.0% | ||||||||||||||
a |
Xero Ltd. |
Software | 2,272 | 228,124 | ||||||||||
|
|
franklintempleton.com |
Semiannual Report |
157 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Australia ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
United Kingdom 1.4% | ||||||||||||||
Amcor PLC, IDR |
Containers & Packaging | 28,016 | $ | 333,512 | ||||||||||
|
|
|||||||||||||
United States 0.1% | ||||||||||||||
Sims Ltd. |
Metals & Mining | 3,008 | 28,964 | |||||||||||
|
|
|||||||||||||
Total Investments (Cost $20,947,807) 99.8% |
23,743,731 | |||||||||||||
Other Assets, less Liabilities 0.2% |
56,040 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 23,799,771 | ||||||||||||
|
|
See Abbreviations on page 339
aNon-income producing.
158 |
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, 2021 (unaudited) |
Year Ended March 31, | |||||||||||||||||||
2021 | 2020 | 2019 | 2018a | |||||||||||||||||
Per share operating
performance (for a share outstanding throughout the period) |
| |||||||||||||||||||
Net asset value, beginning of period |
$ | 20.70 | $ | 14.46 | $ | 25.72 | $ | 27.87 | $ | 24.37 | ||||||||||
|
|
|||||||||||||||||||
Income from investment operationsb: |
| |||||||||||||||||||
Net investment incomec |
0.97 | 0.46 | 1.07 | 0.80 | 0.50 | |||||||||||||||
Net realized and unrealized gains (losses) |
(1.18 | ) | 6.31 | (11.33 | ) | (2.07 | ) | 3.11 | ||||||||||||
|
|
|||||||||||||||||||
Total from investment operations |
(0.21 | ) | 6.77 | (10.26 | ) | (1.27 | ) | 3.61 | ||||||||||||
|
|
|||||||||||||||||||
Less distributions from net investment income |
(0.41 | ) | (0.53 | ) | (1.00 | ) | (0.88 | ) | (0.11 | ) | ||||||||||
|
|
|||||||||||||||||||
Net asset value, end of period |
$ | 20.08 | $ | 20.70 | $ | 14.46 | $ | 25.72 | $ | 27.87 | ||||||||||
|
|
|||||||||||||||||||
Total returnd |
(1.43)% | 46.83% | (41.69)% | (3.98)% | 14.86% | |||||||||||||||
Ratios to average net assetse |
| |||||||||||||||||||
Total expenses |
0.19% | 0.19% | 0.23% | 0.19% | 0.19% | |||||||||||||||
Net investment income |
8.37% | 2.43% | 4.26% | 3.37% | 4.53% | |||||||||||||||
Supplemental data |
| |||||||||||||||||||
Net assets, end of period (000’s) |
$202,781 | $107,656 | $102,700 | $20,579 | $44,593 | |||||||||||||||
Portfolio turnover ratef |
13.17% | g | 21.01% | g | 36.07% | g | 39.76% | 4.79% |
aFor the period November 3, 2017 (commencement of operations) to March 31, 2018.
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.
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: | 9.44% | 9.31% | 17.47% |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
159 |
FRANKLIN TEMPLETON ETF TRUST
Statement of Investments, September 30, 2021 (unaudited)
Industry | Shares | Value | ||||||||||||
Common Stocks 72.2% | ||||||||||||||
Brazil 70.7% | ||||||||||||||
Aliansce Sonae Shopping Centers SA |
Real Estate Management & Development | 60,600 | $ | 252,681 | ||||||||||
Ambev SA |
Beverages | 2,131,120 | 5,983,985 | |||||||||||
a |
Americanas SA |
Internet & Direct Marketing Retail | 202,072 | 1,146,666 | ||||||||||
Atacadao Distribuicao Comercio e Industria Ltd. |
Food & Staples Retailing | 121,200 | 395,036 | |||||||||||
a |
Azul SA |
Airlines | 131,300 | 877,357 | ||||||||||
B3 SA – Brasil Bolsa Balcao |
Capital Markets | 2,989,600 | 6,989,944 | |||||||||||
Banco Bradesco SA |
Banks | 686,840 | 2,251,273 | |||||||||||
Banco BTG Pactual SA |
Capital Markets | 464,600 | 2,145,265 | |||||||||||
Banco do Brasil SA |
Banks | 414,104 | 2,196,334 | |||||||||||
Banco Inter SA |
Banks | 222,200 | 621,878 | |||||||||||
Banco Santander Brasil SA |
Banks | 181,800 | 1,180,103 | |||||||||||
BB Seguridade Participacoes SA |
Insurance | 333,300 | 1,220,308 | |||||||||||
a |
BR Malls Participacoes SA |
Real Estate Management & Development | 414,100 | 614,056 | ||||||||||
Bradespar SA |
Metals & Mining | 14,830 | 129,115 | |||||||||||
a |
BRF SA |
Food Products | 393,900 | 1,958,331 | ||||||||||
CCR SA |
Transportation Infrastructure | 545,400 | 1,171,095 | |||||||||||
Centrais Eletricas Brasileiras SA |
Electric Utilities | 303,000 | 2,141,447 | |||||||||||
Cia Brasileira de Distribuicao |
Food & Staples Retailing | 80,877 | 382,054 | |||||||||||
Cia Siderurgica Nacional SA |
Metals & Mining | 313,100 | 1,650,859 | |||||||||||
Cielo SA |
IT Services | 575,700 | 241,948 | |||||||||||
a |
Cogna Educacao |
Diversified Consumer Services | 919,100 | 457,113 | ||||||||||
Companhia de Locacao das Americas |
Road & Rail | 171,700 | 765,401 | |||||||||||
Companhia de Saneamento Basico do Estado de Sao Paulo |
Water Utilities | 161,600 | 1,143,884 | |||||||||||
Companhia Energetica de Minas Gerais |
Electric Utilities | 121,262 | 380,105 | |||||||||||
Companhia Paranaense de Energia-Copel |
Electric Utilities | 151,500 | 185,173 | |||||||||||
Cosan SA |
Oil, Gas & Consumable Fuels | 585,800 | 2,470,532 | |||||||||||
CPFL Energia SA |
Electric Utilities | 90,900 | 449,253 | |||||||||||
CSN Mineracao SA |
Metals & Mining | 262,600 | 306,991 | |||||||||||
Cyrela Brazil Realty SA Empreendimentos e Participacoes |
Household Durables | 141,400 | 467,103 | |||||||||||
Dexco SA |
Paper & Forest Products | 131,300 | 408,919 | |||||||||||
EDP – Energias do Brasil SA |
Electric Utilities | 131,300 | 442,414 | |||||||||||
a |
Embraer SA |
Aerospace & Defense | 363,600 | 1,543,443 | ||||||||||
Energisa SA |
Electric Utilities | 121,280 | 977,336 | |||||||||||
a |
Eneva SA |
Independent Power and Renewable Electricity Producers | 474,700 | 1,434,842 | ||||||||||
Engie Brasil Energia SA |
Independent Power and Renewable Electricity Producers | 85,000 | 584,356 | |||||||||||
Equatorial Energia SA |
Electric Utilities | 444,400 | 2,067,489 | |||||||||||
Ez Tec Empreendimentos e Participacoes SA |
Household Durables | 50,500 | 211,679 | |||||||||||
Fleury SA |
Health Care Providers & Services | 121,200 | 492,016 | |||||||||||
Grendene SA |
Textiles, Apparel & Luxury Goods | 171,700 | 291,791 | |||||||||||
a |
Grupo Mateus SA |
Food & Staples Retailing | 191,900 | 268,362 | ||||||||||
Guararapes Confeccoes SA |
Textiles, Apparel & Luxury Goods | 42,739 | 106,124 | |||||||||||
b,c |
Hapvida Participacoes e Investimentos SA, 144A, Reg S |
Health Care Providers & Services | 626,200 | 1,561,794 | ||||||||||
Hypera SA |
Pharmaceuticals | 191,900 | 1,131,910 | |||||||||||
IRB Brasil Resseguros SA |
Insurance | 545,427 | 473,466 | |||||||||||
Itau Unibanco Holding SA |
Banks | 222,200 | 1,101,030 | |||||||||||
a |
Klabin SA |
Containers & Packaging | 393,900 | 1,750,137 | ||||||||||
Localiza Rent a Car SA |
Road & Rail | 292,900 | 2,927,979 | |||||||||||
b |
Locaweb Servicos de Internet SA, 144A |
IT Services | 212,100 | 890,611 | ||||||||||
Lojas Americanas SA |
Internet & Direct Marketing Retail | 141,441 | 114,474 |
160 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Brazil ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Brazil (continued) | ||||||||||||||
Lojas Renner SA |
Multiline Retail | 414,140 | $ | 2,616,069 | ||||||||||
M Dias Branco SA |
Food Products | 60,600 | 367,455 | |||||||||||
Magazine Luiza SA |
Multiline Retail | 1,464,544 | 3,854,275 | |||||||||||
Marfrig Global Foods SA |
Food Products | 161,600 | 761,008 | |||||||||||
Multiplan Empreendimentos Imobiliarios SA |
Real Estate Management & Development | 131,300 | 458,558 | |||||||||||
a |
Natura & Co. Holding SA |
Personal Products | 466,016 | 3,897,364 | ||||||||||
Neoenergia SA |
Electric Utilities | 111,100 | 312,162 | |||||||||||
Notre Dame Intermedica Participacoes SA |
Health Care Providers & Services | 252,500 | 3,457,400 | |||||||||||
Odontoprev SA |
Health Care Providers & Services | 131,300 | 396,630 | |||||||||||
a |
Petro Rio SA |
Oil, Gas & Consumable Fuels | 333,300 | 1,530,431 | ||||||||||
Petrobras Distribuidora SA |
Specialty Retail | 575,700 | 2,481,821 | |||||||||||
Petroleo Brasileiro SA |
Oil, Gas & Consumable Fuels | 1,807,940 | 9,340,144 | |||||||||||
Porto Seguro SA |
Insurance | 45,000 | 408,468 | |||||||||||
Qualicorp Consultoria e Corretora de Seguros SA |
Health Care Providers & Services | 90,900 | 333,478 | |||||||||||
Raia Drogasil SA |
Food & Staples Retailing | 525,243 | 2,252,735 | |||||||||||
b |
Rede D’Or Sao Luiz SA, 144A |
Health Care Providers & Services | 232,300 | 2,895,170 | ||||||||||
a |
Rumo SA |
Road & Rail | 616,160 | 1,898,608 | ||||||||||
Sao Martinho SA |
Food Products | 80,800 | 518,707 | |||||||||||
Sendas Distribuidora SA |
Food & Staples Retailing | 383,885 | 1,341,403 | |||||||||||
SIMPAR SA |
Road & Rail | 111,100 | 278,724 | |||||||||||
Sul America SA |
Insurance | 202,041 | 944,779 | |||||||||||
a |
Suzano SA |
Paper & Forest Products | 353,572 | 3,537,732 | ||||||||||
Telefonica Brasil SA |
Diversified Telecommunication Services | 212,100 | 1,668,727 | |||||||||||
TIM SA |
Wireless Telecommunication Services | 404,000 | 871,185 | |||||||||||
Totvs SA |
Software | 242,400 | 1,605,946 | |||||||||||
Transmissora Alianca de Energia Eletrica SA |
Electric Utilities | 111,100 | 730,757 | |||||||||||
Ultrapar Participacoes SA |
Oil, Gas & Consumable Fuels | 404,006 | 1,092,890 | |||||||||||
Usinas Siderurgicas de Minas Gerais SA Usiminas |
Metals & Mining | 80,800 | 233,107 | |||||||||||
Vale SA |
Metals & Mining | 1,929,130 | 26,992,030 | |||||||||||
a |
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA |
Road & Rail | 90,900 | 249,400 | ||||||||||
a |
Via SA |
Specialty Retail | 767,600 | 1,086,127 | ||||||||||
WEG SA |
Electrical Equipment | 727,200 | 5,288,946 | |||||||||||
YDUQS Participacoes SA |
Diversified Consumer Services | 151,500 | 660,618 | |||||||||||
|
|
|||||||||||||
143,318,316 | ||||||||||||||
|
|
|||||||||||||
United States 1.5% | ||||||||||||||
JBS SA |
Food Products | 454,500 | 3,092,058 | |||||||||||
|
|
|||||||||||||
Total Common Stocks (Cost $184,740,116) |
146,410,374 | |||||||||||||
|
|
|||||||||||||
Preferred Stocks 25.9% | ||||||||||||||
Brazil 25.9% | ||||||||||||||
a,d |
Alpargatas SA, pfd. |
Textiles, Apparel & Luxury Goods | 80,800 | 782,954 | ||||||||||
d |
Banco Bradesco SA, 5.530%, pfd. |
Banks | 2,302,861 | 8,803,354 | ||||||||||
d |
Banco Inter SA, 0.108%, pfd. |
Banks | 444,400 | 1,278,826 | ||||||||||
d |
Banco Pan SA, 1.328%, pfd. |
Banks | 141,400 | 414,165 | ||||||||||
d |
Bradespar SA, 10.306%, pfd. |
Metals & Mining | 125,485 | 1,203,747 | ||||||||||
a,d |
Braskem SA, Pfd., A |
Chemicals | 90,900 | 989,926 | ||||||||||
d |
Centrais Eletricas Brasileiras SA, 5.473%, pfd. |
Electric Utilities | 131,300 | 933,021 | ||||||||||
d |
Cia de Transmissao de Energia Eletrica Paulista, 14.243%, pfd. |
Electric Utilities | 90,900 | 405,713 | ||||||||||
d |
Cia Energetica de Minas Gerais, 5.738%, pfd. |
Electric Utilities | 484,874 | 1,248,469 |
franklintempleton.com |
Semiannual Report |
161 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Brazil ETF (continued)
Industry | Shares | Value | ||||||||||||
Preferred Stocks (continued) | ||||||||||||||
Brazil (continued) | ||||||||||||||
d |
Cia Energetica de Sao Paulo, 10.995%, pfd. |
Independent Power and Renewable Electricity Producers | 90,900 | $ | 393,868 | |||||||||
d |
Companhia Paranaense de Energia, 13.297%, pfd. |
Electric Utilities | 656,500 | 877,117 | ||||||||||
d |
Gerdau SA, 6.421%, pfd. |
Metals & Mining | 525,200 | 2,612,072 | ||||||||||
d |
Itau Unibanco Holding SA, 2.423%, pfd. |
Banks | 2,343,200 | 12,440,819 | ||||||||||
d |
Itausa SA, 2.819%, pfd. |
Banks | 2,211,960 | 4,522,240 | ||||||||||
d |
Lojas Americanas SA, 4.440%, pfd. |
Internet & DirectMarketing Retail | 454,519 | 402,059 | ||||||||||
d |
Metalurgica Gerdau SA, 7.488%, pfd. |
Metals & Mining | 353,500 | 805,753 | ||||||||||
d |
Petroleo Brasileiro SA, 8.825%, pfd. |
Oil, Gas & Consumable Fuels | 2,737,140 | 13,678,416 | ||||||||||
d |
Usinas Siderurgicas de Minas Gerais SA Usiminas, 7.649%, pfd. |
Metals & Mining | 222,200 | 657,355 | ||||||||||
|
|
|||||||||||||
Total
Preferred Stocks |
52,449,874 | |||||||||||||
|
|
|||||||||||||
Total
Investments |
198,860,248 | |||||||||||||
Other Assets, less Liabilities 1.9% |
3,920,623 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 202,780,871 | ||||||||||||
|
|
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, 2021, the aggregate value of these securities was $5,347,575, representing 2.6% of net assets.
cSecurity was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. At September 30, 2021, the value of this security was $1,561,794, representing 0.8% of net assets.
dVariable rate security. The rate shown represents the yield at period end.
At September 30, 2021, 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 | 130 | $ | 2,642,825 | 10/13/21 | $ | (102,149 | ) | ||||||||||||
Mini Bovespa Index |
Long | 17 | 69,100 | 10/13/21 | (6,996 | ) | ||||||||||||||
|
|
|||||||||||||||||||
Total Futures Contracts |
|
$ | (109,145 | ) | ||||||||||||||||
|
|
*As of period end.
See Note 8 regarding other derivative information.
See Abbreviations on page 339.
162 |
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, 2021 (unaudited) |
Year Ended March 31, | |||||||||||||||||||
2021 | 2020 | 2019 | 2018a | |||||||||||||||||
Per share operating
performance (for a share outstanding throughout the period) |
| |||||||||||||||||||
Net asset value, beginning of period |
$ | 30.20 | $ | 19.50 | $ | 24.13 | $ | 23.77 | $ | 24.80 | ||||||||||
|
|
|||||||||||||||||||
Income from investment operationsb: |
| |||||||||||||||||||
Net investment incomec |
0.39 | 0.75 | 0.69 | 0.67 | 0.24 | |||||||||||||||
Net realized and unrealized gains (losses) |
1.99 | 10.63 | (4.72 | ) | 0.33 | (1.25 | ) | |||||||||||||
|
|
|||||||||||||||||||
Total from investment operations |
2.38 | 11.38 | (4.03 | ) | 1.00 | (1.01 | ) | |||||||||||||
|
|
|||||||||||||||||||
Less distributions from net investment income |
(0.24 | ) | (0.68 | ) | (0.60 | ) | (0.64 | ) | (0.02 | ) | ||||||||||
|
|
|||||||||||||||||||
Net asset value, end of period |
$ | 32.34 | $ | 30.20 | $ | 19.50 | $ | 24.13 | $ | 23.77 | ||||||||||
|
|
|||||||||||||||||||
Total returnd |
7.85% | 59.10% | (17.25)% | 4.48% | (4.06)% | |||||||||||||||
Ratios to average net assetse |
| |||||||||||||||||||
Total expenses |
0.09% | 0.09% | 0.09% | 0.09% | 0.09% | |||||||||||||||
Net investment income |
2.37% | 2.88% | 2.73% | 2.79% | 2.39% | |||||||||||||||
Supplemental data |
| |||||||||||||||||||
Net assets, end of period (000’s) |
$27,488 | $24,160 | $4,876 | $4,827 | $2,377 | |||||||||||||||
Portfolio turnover ratef |
2.12% | g | 3.14% | g | 4.57% | g | 6.95% | 1.26% |
aFor the period November 2, 2017 (commencement of operations) to March 31, 2018.
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: | 2.12% | 3.14% | 4.57% |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
163 |
FRANKLIN TEMPLETON ETF TRUST
Statement of Investments, September 30, 2021 (unaudited)
Industry | Shares | Value | ||||||||||||
Common Stocks 99.8% | ||||||||||||||
Canada 97.3% | ||||||||||||||
Agnico Eagle Mines Ltd. |
Metals & Mining | 4,063 | $ | 210,743 | ||||||||||
Alimentation Couche-Tard Inc., B |
Food & Staples Retailing | 13,277 | 507,876 | |||||||||||
Bank of Montreal |
Banks | 10,846 | 1,082,588 | |||||||||||
Barrick Gold Corp. |
Metals & Mining | 29,699 | 536,146 | |||||||||||
BCE Inc. |
Diversified Telecommunication Services | 5,049 | 252,878 | |||||||||||
Brookfield Asset Management Inc., A |
Capital Markets | 22,321 | 1,195,821 | |||||||||||
Brookfield Asset Management Reinsurance Partners Ltd., A |
Capital Markets | 153 | 8,478 | |||||||||||
Canadian Imperial Bank of Commerce |
Banks | 7,344 | 817,385 | |||||||||||
Canadian National Railway Co. |
Road & Rail | 9,928 | 1,150,280 | |||||||||||
Canadian Natural Resources Ltd. |
Oil, Gas & Consumable Fuels | 19,465 | 711,548 | |||||||||||
Canadian Pacific Railway Ltd. |
Road & Rail | 11,186 | 730,311 | |||||||||||
Canadian Tire Corp. Ltd., A |
Multiline Retail | 952 | 133,191 | |||||||||||
Canadian Utilities Ltd., A |
Multi-Utilities | 2,040 | 54,959 | |||||||||||
a |
Canopy Growth Corp. |
Pharmaceuticals | 4,114 | 56,992 | ||||||||||
Cenovus Energy Inc. |
Oil, Gas & Consumable Fuels | 21,131 | 213,003 | |||||||||||
a |
CGI Inc., A |
IT Services | 3,655 | 310,409 | ||||||||||
Constellation Software Inc. |
Software | 320 | 524,140 | |||||||||||
Dollarama Inc. |
Multiline Retail | 4,845 | 210,115 | |||||||||||
Enbridge Inc. |
Oil, Gas & Consumable Fuels | 33,915 | 1,350,871 | |||||||||||
Fairfax Financial Holdings Ltd. |
Insurance | 408 | 164,672 | |||||||||||
Fortis Inc. |
Electric Utilities | 7,871 | 349,111 | |||||||||||
Franco-Nevada Corp. |
Metals & Mining | 3,179 | 412,917 | |||||||||||
George Weston Ltd. |
Food & Staples Retailing | 1,224 | 131,999 | |||||||||||
Great-West Lifeco Inc. |
Insurance | 4,505 | 137,051 | |||||||||||
Hydro One Ltd. |
Electric Utilities | 5,270 | 124,548 | |||||||||||
IGM Financial Inc. |
Capital Markets | 1,343 | 47,970 | |||||||||||
Imperial Oil Ltd. |
Oil, Gas & Consumable Fuels | 3,587 | 113,342 | |||||||||||
Intact Financial Corp. |
Insurance | 2,380 | 314,641 | |||||||||||
Loblaw Cos. Ltd. |
Food & Staples Retailing | 2,669 | 183,123 | |||||||||||
Magna International Inc. |
Auto Components | 4,709 | 354,313 | |||||||||||
Manulife Financial Corp. |
Insurance | 32,606 | 627,489 | |||||||||||
Metro Inc., A |
Food & Staples Retailing | 4,114 | 200,983 | |||||||||||
National Bank of Canada |
Banks | 5,644 | 433,396 | |||||||||||
Nutrien Ltd. |
Chemicals | 9,554 | 619,990 | |||||||||||
Pembina Pipeline Corp. |
Oil, Gas & Consumable Fuels | 9,180 | 290,940 | |||||||||||
Power Corp. of Canada |
Insurance | 9,112 | 300,293 | |||||||||||
Restaurant Brands International Inc. |
Hotels, Restaurants & Leisure | 5,083 | 311,356 | |||||||||||
Rogers Communications Inc., B |
Wireless Telecommunication Services | 5,848 | 273,047 | |||||||||||
Royal Bank of Canada |
Banks | 23,885 | 2,376,151 | |||||||||||
Saputo Inc. |
Food Products | 4,012 | 102,006 | |||||||||||
Shaw Communications Inc. |
Media | 7,174 | 208,507 | |||||||||||
a |
Shopify Inc., A |
IT Services | 1,887 | 2,560,815 | ||||||||||
Sun Life Financial Inc. |
Insurance | 9,826 | 505,707 | |||||||||||
Suncor Energy Inc. |
Oil, Gas & Consumable Fuels | 24,888 | 515,893 | |||||||||||
TC Energy Corp. |
Oil, Gas & Consumable Fuels | 16,405 | 789,398 | |||||||||||
Teck Resources Ltd., B |
Metals & Mining | 7,786 | 193,782 | |||||||||||
TELUS Corp. |
Diversified Telecommunication Services | 7,582 | 166,620 | |||||||||||
The Bank of Nova Scotia |
Banks | 20,332 | 1,251,200 | |||||||||||
The Toronto-Dominion Bank |
Banks | 30,481 | 2,017,470 | |||||||||||
Thomson Reuters Corp. |
Professional Services | 2,822 | 311,971 | |||||||||||
Wheaton Precious Metals Corp. |
Metals & Mining | 7,548 | 284,081 | |||||||||||
|
|
|||||||||||||
26,732,516 | ||||||||||||||
|
|
164 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Canada ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
United States 2.5% | ||||||||||||||
a |
Bausch Health Cos. Inc. |
Pharmaceuticals | 5,253 | $ | 146,455 | |||||||||
Waste Connections Inc. |
Commercial Services & Supplies | 4,386 | 552,694 | |||||||||||
|
|
|||||||||||||
699,149 | ||||||||||||||
|
|
|||||||||||||
Total Investments (Cost $23,681,181) 99.8% |
27,431,665 | |||||||||||||
Other Assets, less Liabilities 0.2% |
56,513 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 27,488,178 | ||||||||||||
|
|
aNon-income producing.
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
165 |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE China ETF
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, | |||||||||||||||||||
2021 | 2020 | 2019 | 2018a | |||||||||||||||||
Per share operating
performance (for a share outstanding throughout the period) |
| |||||||||||||||||||
Net asset value, beginning of period |
$ | 31.78 | $ | 22.19 | $ | 24.01 | $ | 25.99 | $ | 24.95 | ||||||||||
|
|
|||||||||||||||||||
Income from investment operationsb: |
| |||||||||||||||||||
Net investment income (loss)c |
0.42 | 0.32 | 0.45 | 0.40 | (0.01 | ) | ||||||||||||||
Net realized and unrealized gains (losses) |
(5.49 | ) | 9.56 | (1.78 | ) | (1.99 | ) | 1.05 | ||||||||||||
|
|
|||||||||||||||||||
Total from investment operations |
(5.07 | ) | 9.88 | (1.33 | ) | (1.59 | ) | 1.04 | ||||||||||||
|
|
|||||||||||||||||||
Less distributions from net investment income |
(0.02 | ) | (0.29 | ) | (0.49 | ) | (0.39 | ) | — | d | ||||||||||
|
|
|||||||||||||||||||
Net asset value, end of period |
$ | 26.69 | $ | 31.78 | $ | 22.19 | $ | 24.01 | $ | 25.99 | ||||||||||
|
|
|||||||||||||||||||
Total returne |
(15.98)% | 44.67% | (5.64)% | (5.94)% | 4.17% | |||||||||||||||
Ratios to average net assetsf |
| |||||||||||||||||||
Expenses before waiver and payments by affiliates |
0.19% | 0.19% | 0.19% | 0.19% | 0.19% | |||||||||||||||
Expenses net waiver and payments by affiliates |
0.19% | 0.19% | 0.19% | —% | —% | |||||||||||||||
Net investment income (loss) |
2.78% | 1.06% | 1.94% | 1.70% | (0.12)% | |||||||||||||||
Supplemental data |
| |||||||||||||||||||
Net assets, end of period (000’s) |
$128,093 | $120,782 | $48,807 | $43,220 | $31,191 | |||||||||||||||
Portfolio turnover rateg |
7.56% | h | 15.97% | h | 32.47% | h | 7.21% | 2.71% |
aFor the period November 2, 2017 (commencement of operations) to March 31, 2018.
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.
dAmount rounds to less than $0.01 per share.
eTotal 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.
fRatios are annualized for periods less than one year.
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: | 6.80% | 15.31% | 32.47% |
166 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Statement of Investments, September 30, 2021 (unaudited)
Industry | Shares | Value | ||||||||||||
Common Stocks 99.8% | ||||||||||||||
China 94.8% | ||||||||||||||
a |
360 DigiTech Inc. |
Consumer Finance | 6,360 | $ | 129,235 | |||||||||
a |
360 Security Technology Inc., A |
Software | 4,800 | 8,835 | ||||||||||
a,b |
3SBio Inc., 144A |
Biotechnology | 60,000 | 58,962 | ||||||||||
a |
51job Inc., ADR |
Professional Services | 1,344 | 93,448 | ||||||||||
b |
A-Living Services Co. Ltd., 144A |
Commercial Services & Supplies | 18,000 | 64,049 | ||||||||||
Addsino Co. Ltd., A |
Communications Equipment | 4,800 | 11,208 | |||||||||||
a |
Advanced Micro-Fabrication Equipment Inc. China, A |
Semiconductors & Semiconductor Equipment | 2,400 | 56,449 | ||||||||||
AECC Aviation Power Co. Ltd., A |
Aerospace & Defense | 9,600 | 79,117 | |||||||||||
Agile Group Holdings Ltd. |
Real Estate Management & Development | 68,000 | 63,592 | |||||||||||
Agricultural Bank of China Ltd., A |
Banks | 468,000 | 213,189 | |||||||||||
Agricultural Bank of China Ltd., H |
Banks | 1,488,000 | 512,270 | |||||||||||
Aier Eye Hospital Group Co. Ltd. |
Health Care Providers & Services | 18,890 | 156,295 | |||||||||||
a |
Air China Ltd., A |
Airlines | 19,200 | 22,133 | ||||||||||
a |
Air China Ltd., H |
Airlines | 96,000 | 63,510 | ||||||||||
a,b |
Akeso Inc., 144A |
Biotechnology | 24,000 | 131,952 | ||||||||||
a |
Alibaba Group Holding Ltd. |
Internet & Direct Marketing Retail | 686,432 | 12,538,859 | ||||||||||
a |
Alpha Group, A |
Leisure Products | 7,200 | 5,890 | ||||||||||
a |
Aluminum Corp. of China Ltd., A |
Metals & Mining | 40,800 | 48,993 | ||||||||||
a |
Aluminum Corp. of China Ltd., H |
Metals & Mining | 192,000 | 145,271 | ||||||||||
Angang Steel Co. Ltd. |
Metals & Mining | 19,200 | 14,309 | |||||||||||
Angang Steel Co. Ltd., H |
Metals & Mining | 66,000 | 40,695 | |||||||||||
Angel Yeast Co. Ltd., A |
Food Products | 2,400 | 18,656 | |||||||||||
Anhui Anke Biotechnology Group Co. Ltd. |
Biotechnology | 5,916 | 10,954 | |||||||||||
Anhui Conch Cement Co. Ltd., A |
Construction Materials | 14,400 | 91,032 | |||||||||||
Anhui Conch Cement Co. Ltd., H |
Construction Materials | 60,000 | 323,714 | |||||||||||
Anhui Expressway Co. Ltd., H |
Transportation Infrastructure | 18,000 | 11,029 | |||||||||||
Anhui Gujing Distillery Co. Ltd., A |
Beverages | 1,100 | 40,653 | |||||||||||
Anhui Gujing Distillery Co. Ltd., B |
Beverages | 5,800 | 75,541 | |||||||||||
Anhui Zhongding Sealing Parts Co. Ltd., A |
Auto Components | 4,800 | 10,888 | |||||||||||
Anta Sports Products Ltd. |
Textiles, Apparel & Luxury Goods | 55,280 | 1,042,449 | |||||||||||
Asymchem Laboratories Tianjin Co. Ltd., A |
Pharmaceuticals | 500 | 34,544 | |||||||||||
Autohome Inc., ADR |
Interactive Media & Services | 2,976 | 139,664 | |||||||||||
Avary Holding Shenzhen Co. Ltd., A |
Electronic Equipment, Instruments & Components | 2,400 | 12,394 | |||||||||||
Avic Capital Co. Ltd., A |
Diversified Financial Services | 31,200 | 18,515 | |||||||||||
AVIC Electromechanical Systems Co. Ltd. |
Aerospace & Defense | 14,400 | 29,541 | |||||||||||
AviChina Industry & Technology Co. Ltd., H |
Aerospace & Defense | 120,000 | 75,842 | |||||||||||
AVICOPTER PLC, A |
Aerospace & Defense | 2,400 | 20,676 | |||||||||||
b |
BAIC Motor Corp. Ltd., 144A |
Automobiles | 120,000 | 41,620 | ||||||||||
a |
Baidu Inc., ADR |
Interactive Media & Services | 13,368 | 2,055,330 | ||||||||||
Bank of Beijing Co. Ltd., A |
Banks | 67,200 | 45,397 | |||||||||||
Bank of Changsha Co. Ltd., A |
Banks | 12,000 | 15,395 | |||||||||||
Bank of Chengdu Co. Ltd., A |
Banks | 4,800 | 8,821 | |||||||||||
Bank of China Ltd., A |
Banks | 254,400 | 120,223 | |||||||||||
Bank of China Ltd., H |
Banks | 3,672,000 | 1,301,885 | |||||||||||
Bank of Communications Co. Ltd., A |
Banks | 129,600 | 90,363 | |||||||||||
Bank of Communications Co. Ltd., H |
Banks | 348,000 | 206,530 | |||||||||||
Bank of Guiyang Co. Ltd., A |
Banks | 7,200 | 7,519 | |||||||||||
Bank of Hangzhou Co. Ltd., A |
Banks | 21,600 | 49,967 | |||||||||||
Bank of Jiangsu Co. Ltd., A |
Banks | 20,000 | 18,035 | |||||||||||
Bank of Nanjing Co. Ltd., A |
Banks | 36,000 | 50,480 | |||||||||||
Bank of Ningbo Co. Ltd., A |
Banks | 19,200 | 104,568 | |||||||||||
Bank of Qingdao Co. Ltd., A |
Banks | 7,200 | 5,344 | |||||||||||
Bank of Shanghai Co. Ltd., A |
Banks | 45,600 | 51,648 | |||||||||||
Bank of Suzhou Co. Ltd., A |
Banks | 4,800 | 5,065 | |||||||||||
a |
Bank of Zhengzhou Co. Ltd. |
Banks | 12,000 | 6,415 | ||||||||||
Baoshan Iron & Steel Co. Ltd., A |
Metals & Mining | 64,800 | 87,350 |
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STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
China (continued) | ||||||||||||||
BBMG Corp., A |
Construction Materials | 21,600 | $ | 9,438 | ||||||||||
BBMG Corp., H |
Construction Materials | 120,000 | 20,502 | |||||||||||
Beijing Capital Co. Ltd., A |
Water Utilities | 28,800 | 16,555 | |||||||||||
Beijing Capital Development Co. Ltd., A |
Real Estate Management & Development | 7,200 | 5,823 | |||||||||||
a |
Beijing Capital International Airport Co. Ltd. |
Transportation Infrastructure | 96,000 | 56,604 | ||||||||||
Beijing Dabeinong Technology Group Co. Ltd. |
Food Products | 12,000 | 14,056 | |||||||||||
a |
Beijing E-Hualu Information Technology Co. Ltd., A |
Software | 2,400 | 11,059 | ||||||||||
Beijing Enlight Media Co. Ltd. |
Entertainment | 9,600 | 14,756 | |||||||||||
Beijing Enterprises Holdings Ltd. |
Gas Utilities | 26,000 | 104,038 | |||||||||||
a |
Beijing Jetsen Technology Co. Ltd. |
Software | 12,000 | 8,218 | ||||||||||
Beijing Jingneng Clean Energy Co. Ltd., H |
Independent Power and Renewable Electricity Producers | 96,000 | 33,296 | |||||||||||
Beijing Kingsoft Office Software Inc., A |
Software | 1,560 | 68,481 | |||||||||||
Beijing New Building Materials PLC |
Building Products | 4,800 | 23,762 | |||||||||||
a |
Beijing Orient National Communication Science &Technology Co. Ltd. |
Software | 4,800 | 6,783 | ||||||||||
Beijing Originwater Technology Co. Ltd. |
Commercial Services & Supplies | 12,000 | 14,447 | |||||||||||
Beijing Roborock Technology Co. Ltd., A |
Household Durables | 200 | 21,907 | |||||||||||
a |
Beijing Sanju Environmental Protection and New Material Co. Ltd. |
Chemicals | 8,400 | 8,876 | ||||||||||
Beijing Shiji Information Technology Co. Ltd. |
Software | 4,000 | 15,792 | |||||||||||
a |
Beijing Shougang Co. Ltd. |
Metals & Mining | 9,600 | 10,888 | ||||||||||
Beijing Shunxin Agriculture Co. Ltd., A |
Beverages | 2,400 | 13,142 | |||||||||||
Beijing Sinnet Technology Co. Ltd., A |
IT Services | 5,000 | 9,971 | |||||||||||
Beijing Tiantan Biological Products Corp. Ltd., A |
Biotechnology | 5,200 | 25,791 | |||||||||||
a |
Beijing Ultrapower Software Co. Ltd. |
IT Services | 7,200 | 6,448 | ||||||||||
Beijing Wantai Biological Pharmacy Enterprise Co. Ltd., A |
Biotechnology | 700 | 24,078 | |||||||||||
Beijing Yanjing Brewery Co. Ltd. |
Beverages | 9,600 | 9,743 | |||||||||||
Beijing Zhong Ke San Huan High-Tech Co. Ltd. |
Electronic Equipment, Instruments & Components | 2,400 | 3,890 | |||||||||||
Beijing-Shanghai High Speed Railway Co. Ltd. |
Road & Rail | 33,600 | 24,781 | |||||||||||
a |
Bilibili Inc., ADR |
Entertainment | 12,096 | 800,392 | ||||||||||
b |
Blue Moon Group Holdings Ltd., 144A |
Household Products | 36,000 | 31,493 | ||||||||||
Blue Sail Medical Co. Ltd., A |
Health Care Equipment & Supplies | 2,400 | 6,686 | |||||||||||
Bluefocus Intelligent Communications Group Co. Ltd. |
Media | 9,600 | 8,359 | |||||||||||
Bluestar Adisseo Co., A |
Chemicals | 4,800 | 8,850 | |||||||||||
BOC International China Co. Ltd., A |
Capital Markets | 2,400 | 5,585 | |||||||||||
BOE Technology Group Co. Ltd. |
Electronic Equipment, Instruments & Components | 115,200 | 90,139 | |||||||||||
BOE Technology Group Co. Ltd. |
Electronic Equipment, Instruments & Components | 50,400 | 21,236 | |||||||||||
Boya Bio-pharmaceutical Group Co. Ltd., A |
Biotechnology | 2,400 | 13,052 | |||||||||||
Bright Dairy & Food Co. Ltd., A |
Food Products | 4,800 | 10,338 | |||||||||||
a |
Brilliance China Automotive Holdings Ltd. |
Automobiles | 108,000 | 46,529 | ||||||||||
a |
BTG Hotels Group Co. Ltd., A |
Hotels, Restaurants & Leisure | 2,400 | 8,107 | ||||||||||
By-health Co. Ltd., A |
Personal Products | 4,800 | 21,003 | |||||||||||
BYD Co. Ltd. |
Automobiles | 6,100 | 235,824 | |||||||||||
BYD Co. Ltd., H |
Automobiles | 38,500 | 1,201,788 |
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STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
China (continued) | ||||||||||||||
BYD Electronic International Co. Ltd. |
Communications Equipment | 38,500 | $ | 135,758 | ||||||||||
C&S Paper Co. Ltd., A |
Household Products | 4,800 | 12,852 | |||||||||||
Caitong Securities Co. Ltd., A |
Capital Markets | 4,800 | 8,040 | |||||||||||
Camel Group Co. Ltd., A |
Electrical Equipment | 4,800 | 9,044 | |||||||||||
a,b,c |
CanSino Biologics Inc., 144A, Reg S |
Pharmaceuticals | 3,200 | 113,043 | ||||||||||
a |
CanSino Biologics Inc., A |
Pharmaceuticals | 240 | 12,598 | ||||||||||
CECEP Solar Energy Co. Ltd. |
Independent Power and Renewable Electricity Producers | 9,600 | 18,697 | |||||||||||
CECEP Wind-Power Corp |
Independent Power and Renewable Electricity Producers | 19,200 | 23,472 | |||||||||||
a |
Central China Securities Co. Ltd., A |
Capital Markets | 14,400 | 10,732 | ||||||||||
a |
Central China Securities Co. Ltd., H |
Capital Markets | 48,000 | 8,756 | ||||||||||
CGN Power Co. Ltd., A |
Independent Power and Renewable Electricity Producers | 26,400 | 13,785 | |||||||||||
b |
CGN Power Co. Ltd., H, 144A |
Independent Power and Renewable Electricity Producers | 528,000 | 160,747 | ||||||||||
Changchun High & New Technology Industry Group Inc. |
Pharmaceuticals | 1,200 | 51,068 | |||||||||||
Changjiang Securities Co. Ltd. |
Capital Markets | 19,200 | 22,758 | |||||||||||
Changzhou Xingyu Automotive LightingSystems Co. Ltd., A |
Auto Components | 600 | 16,827 | |||||||||||
Chaozhou Three-Circle Group Co. Ltd., A |
Electronic Equipment, Instruments & Components | 7,200 | 41,388 | |||||||||||
Chengdu Xingrong Environment Co. Ltd., A |
Water Utilities | 14,400 | 12,740 | |||||||||||
China Aoyuan Group Ltd. |
Real Estate Management & Development | 48,000 | 25,342 | |||||||||||
China Baoan Group Co. Ltd. |
Industrial Conglomerates | 9,600 | 28,529 | |||||||||||
China Cinda Asset Management Co. Ltd., H |
Capital Markets | 432,000 | 73,252 | |||||||||||
China CITIC Bank Corp. Ltd., A |
Banks | 36,000 | 25,435 | |||||||||||
China CITIC Bank Corp. Ltd., H |
Banks | 456,000 | 206,190 | |||||||||||
China Coal Energy Co. Ltd., A |
Oil, Gas & Consumable Fuels | 16,800 | 23,479 | |||||||||||
China Coal Energy Co. Ltd., H |
Oil, Gas & Consumable Fuels | 96,000 | 73,375 | |||||||||||
China Communications Services Corp. Ltd., H |
Construction & Engineering | 114,000 | 63,263 | |||||||||||
China Conch Venture Holdings Ltd. |
Construction & Engineering | 79,500 | 368,157 | |||||||||||
China Construction Bank Corp., A |
Banks | 33,600 | 31,080 | |||||||||||
China Construction Bank Corp., H |
Banks | 4,512,000 | 3,234,180 | |||||||||||
a |
China COSCO Holdings Co. Ltd., A |
Marine | 40,380 | 108,114 | ||||||||||
a |
China CSSC Holdings Ltd., A |
Machinery | 14,400 | 56,002 | ||||||||||
b,c |
China East Education Holdings Ltd., 144A, Reg S |
Diversified Consumer Services | 24,000 | 24,756 | ||||||||||
a |
China Eastern Airlines Corp. Ltd., A |
Airlines | 36,000 | 26,272 | ||||||||||
a |
China Eastern Airlines Corp. Ltd., H |
Airlines | 96,000 | 36,873 | ||||||||||
China Everbright Bank Co. Ltd., A |
Banks | 136,800 | 71,855 | |||||||||||
China Everbright Bank Co. Ltd., H |
Banks | 144,000 | 50,869 | |||||||||||
d |
China Evergrande Group |
Real Estate Management & Development | 96,000 | 36,379 | ||||||||||
b,c |
China Feihe Ltd., 144A, Reg S |
Food Products | 130,000 | 219,432 | ||||||||||
a |
China Fortune Land Development Co. Ltd., A |
Real Estate Management & Development | 12,196 | 7,578 | ||||||||||
China Galaxy Securities Co. Ltd., A |
Capital Markets | 9,600 | 15,588 | |||||||||||
China Galaxy Securities Co. Ltd., H |
Capital Markets | 180,000 | 104,745 | |||||||||||
China Great Wall Securities Co. Ltd., A |
Capital Markets | 9,600 | 17,611 | |||||||||||
China Greatwall Technology Group Co. Ltd. |
Technology Hardware, Storage & Peripherals | 9,600 | 19,619 | |||||||||||
China Hongqiao Group Ltd. |
Metals & Mining | 108,000 | 139,012 | |||||||||||
a,b |
China Huarong Asset Management Co. Ltd., 144A |
Capital Markets | 437,000 | — | ||||||||||
a |
China International Capital Corp. Ltd., A |
Capital Markets | 2,400 | 21,278 | ||||||||||
b |
China International Capital Corp. Ltd., H, 144A |
Capital Markets | 67,200 | 176,532 |
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STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
China (continued) | ||||||||||||||
China International Marine Containers (Group) Co. Ltd., H |
Machinery | 24,000 | $ | 50,684 | ||||||||||
China International Marine Containers Group Co. Ltd. |
Machinery | 5,100 | 14,089 | |||||||||||
China Jushi Co. Ltd., A |
Construction Materials | 13,287 | 36,192 | |||||||||||
China Lesso Group Holdings Ltd. |
Building Products | 48,000 | 76,951 | |||||||||||
China Life Insurance Co. Ltd., A |
Insurance | 16,800 | 77,571 | |||||||||||
China Life Insurance Co. Ltd., H |
Insurance | 360,000 | 591,009 | |||||||||||
a,b |
China Literature Ltd., 144A |
Media | 20,200 | 154,134 | ||||||||||
a |
China Lodging Group Ltd., ADR |
Hotels, Restaurants & Leisure | 10,560 | 484,282 | ||||||||||
China Longyuan Power Group Corp. |
Independent Power and Renewable Electricity Producers | 168,000 | 415,217 | |||||||||||
China Medical System Holdings Ltd. |
Pharmaceuticals | 61,000 | 111,270 | |||||||||||
China Meheco Co. Ltd., A |
Trading Companies & Distributors | 4,800 | 8,397 | |||||||||||
China Meidong Auto Holdings Ltd. |
Specialty Retail | 22,000 | 110,500 | |||||||||||
China Merchants Bank Co. Ltd., A |
Banks | 69,600 | 544,053 | |||||||||||
China Merchants Bank Co. Ltd., H |
Banks | 180,000 | 1,434,747 | |||||||||||
China Merchants Energy Shipping Co. Ltd., A |
Oil, Gas & Consumable Fuels | 26,400 | 22,580 | |||||||||||
China Merchants Expressway Network & Technology Holdings Co. Ltd. |
Transportation Infrastructure | 9,600 | 11,201 | |||||||||||
China Merchants Port Holdings Co. Ltd. |
Transportation Infrastructure | 64,000 | 109,837 | |||||||||||
China Merchants Property Operation & Service Co. Ltd., A |
Real Estate Management & Development | 4,800 | 11,595 | |||||||||||
b |
China Merchants Securities Co. Ltd., 144A |
Capital Markets | 57,600 | 92,194 | ||||||||||
China Merchants Securities Co. Ltd., A |
Capital Markets | 26,800 | 76,073 | |||||||||||
China Merchants Shekou Industrial Zone Holdings Co. Ltd., A |
Real Estate Management & Development | 26,400 | 52,931 | |||||||||||
China Minsheng Banking Corp. Ltd., A |
Banks | 117,600 | 71,245 | |||||||||||
China Minsheng Banking Corp. Ltd., H |
Banks | 300,000 | 120,622 | |||||||||||
China Molybdenum Co. Ltd., A |
Metals & Mining | 31,200 | 29,199 | |||||||||||
China Molybdenum Co. Ltd., H |
Metals & Mining | 216,000 | 134,573 | |||||||||||
China National Accord Medicines Corp. Ltd., A |
Health Care Providers & Services | 2,400 | 12,941 | |||||||||||
China National Building Material Co. Ltd., H |
Construction Materials | 192,000 | 259,958 | |||||||||||
China National Chemical Engineering Co. Ltd., A |
Construction & Engineering | 16,800 | 28,113 | |||||||||||
China National Medicines Corp. Ltd., A |
Health Care Providers & Services | 2,400 | 10,903 | |||||||||||
China National Nuclear Power Co. Ltd., A |
Independent Power and Renewable Electricity Producers | 52,800 | 58,985 | |||||||||||
China National Software & Service Co. Ltd., A |
Software | 1,300 | 9,946 | |||||||||||
China Northern Rare Earth Group High-Tech Co. Ltd., A |
Metals & Mining | 12,000 | 82,312 | |||||||||||
China Oilfield Services Ltd., A |
Energy Equipment & Services | 7,200 | 17,961 | |||||||||||
China Oilfield Services Ltd., H |
Energy Equipment & Services | 96,000 | 91,626 | |||||||||||
China Orient Securities Co. Ltd., A |
Capital Markets | 21,600 | 50,637 | |||||||||||
China Pacific Insurance Group Co. Ltd., A |
Insurance | 24,000 | 100,923 | |||||||||||
China Pacific Insurance Group Co. Ltd., H |
Insurance | 124,800 | 371,130 | |||||||||||
China Petroleum & Chemical Corp., A |
Oil, Gas & Consumable Fuels | 112,800 | 77,950 | |||||||||||
China Petroleum & Chemical Corp., H |
Oil, Gas & Consumable Fuels | 1,248,000 | 618,818 | |||||||||||
China Railway Group Ltd., A |
Construction & Engineering | 72,000 | 63,142 | |||||||||||
China Railway Group Ltd., H |
Construction & Engineering | 192,000 | 95,696 | |||||||||||
b,c |
China Railway Signal & Communication Corp. Ltd., 144A, Reg S |
Electronic Equipment, Instruments & Components | 72,000 | 26,082 |
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STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
China (continued) | ||||||||||||||
China Railway Signal & Communication Corp. Ltd., A |
Electronic Equipment, Instruments & Components | 17,332 | $ | 13,857 | ||||||||||
China Reinsurance Group Corp., H |
Insurance | 288,000 | 32,556 | |||||||||||
China Resources Cement Holdings Ltd. |
Construction Materials | 106,000 | 102,260 | |||||||||||
b |
China Resources Mixc Lifestyle Services Ltd., 144A |
Real Estate Management & Development | 19,200 | 106,671 | ||||||||||
b |
China Resources Pharmaceutical Group Ltd., 144A |
Pharmaceuticals | 84,000 | 41,327 | ||||||||||
China Resources Power Holdings Co. Ltd. |
Independent Power and Renewable Electricity Producers | 96,200 | 277,429 | |||||||||||
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. |
Pharmaceuticals | 2,400 | 10,516 | |||||||||||
China Shenhua Energy Co. Ltd., A |
Oil, Gas & Consumable Fuels | 24,000 | 84,264 | |||||||||||
China Shenhua Energy Co. Ltd., H |
Oil, Gas & Consumable Fuels | 159,552 | 373,432 | |||||||||||
China Shipping Container Lines Co. Ltd., A |
Trading Companies & Distributors | 19,200 | 11,602 | |||||||||||
China Shipping Development Co. Ltd., A |
Oil, Gas & Consumable Fuels | 14,400 | 15,284 | |||||||||||
China South Publishing & Media Group Co. Ltd., A |
Media | 7,200 | 9,996 | |||||||||||
a |
China Southern Airlines Co. Ltd., A |
Airlines | 38,400 | 34,390 | ||||||||||
a |
China Southern Airlines Co. Ltd., H |
Airlines | 68,000 | 38,435 | ||||||||||
China State Construction Engineering Corp. Ltd., A |
Construction & Engineering | 139,200 | 103,527 | |||||||||||
China Taiping Insurance Holdings Co. Ltd. |
Insurance | 72,000 | 109,508 | |||||||||||
China Tourism Group Duty Free Corp. Ltd., A |
Specialty Retail | 6,500 | 261,853 | |||||||||||
b,c |
China Tower Corp. Ltd., H, 144A, Reg s |
Diversified Telecommunication Services | 2,256,000 | 295,597 | ||||||||||
China TransInfo Technology Co. Ltd. |
IT Services | 4,800 | 10,992 | |||||||||||
China United Network Communications Ltd., A |
Wireless Telecommunication Services | 93,600 | 59,606 | |||||||||||
China Vanke Co. Ltd., A |
Real Estate Management & Development | 33,600 | 110,941 | |||||||||||
China Vanke Co. Ltd., H |
Real Estate Management & Development | 91,200 | 249,537 | |||||||||||
China World Trade Center Co. Ltd., A |
Real Estate Management & Development | 2,400 | 5,455 | |||||||||||
China Yangtze Power Co. Ltd., A |
Independent Power and Renewable Electricity Producers | 50,400 | 171,800 | |||||||||||
China Zheshang Bank Co. Ltd., A |
Banks | 28,800 | 15,841 | |||||||||||
Chinese Universe Publishing and Media Group Co. Ltd., A |
Media | 4,800 | 7,712 | |||||||||||
a |
Chongqing Brewery Co. Ltd., A |
Beverages | 2,400 | 48,800 | ||||||||||
a |
Chongqing Changan Automobile Co. Ltd. |
Automobiles | 21,680 | 56,098 | ||||||||||
a |
Chongqing Changan Automobile Co. Ltd., B |
Automobiles | 60,440 | 36,879 | ||||||||||
Chongqing Department Store Co. Ltd., A |
Multiline Retail | 2,400 | 8,958 | |||||||||||
a |
Chongqing Fuling Zhacai Group Co. Ltd., A |
Food Products | 2,400 | 11,442 | ||||||||||
Chongqing Rural Commercial Bank Co. Ltd., A |
Banks | 19,200 | 11,483 | |||||||||||
Chongqing Rural Commercial Bank Co. Ltd., H |
Banks | 120,000 | 43,778 | |||||||||||
Chongqing Zhifei Biological Products Co. Ltd. |
Biotechnology | 4,800 | 118,245 | |||||||||||
CIFI Holdings Group Co. Ltd. |
Real Estate Management & Development | 192,000 | 130,719 | |||||||||||
a |
Cinda Real Estate Co. Ltd., A |
Real Estate Management & Development | 9,600 | 5,221 | ||||||||||
Citic Pacific Ltd. |
Industrial Conglomerates | 240,000 | 255,888 |
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STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
China (continued) | ||||||||||||||
Citic Pacific Special Steel Group Co. Ltd., A |
Metals & Mining | 17,680 | $ | 56,157 | ||||||||||
CITIC Securities Co. Ltd., A |
Capital Markets | 36,000 | 141,010 | |||||||||||
CITIC Securities Co. Ltd., H |
Capital Markets | 108,000 | 275,249 | |||||||||||
a |
CMST Development Co. Ltd., A |
Air Freight & Logistics | 7,200 | 6,426 | ||||||||||
CNOOC Energy Technology & Services Ltd. |
Energy Equipment & Services | 26,400 | 12,231 | |||||||||||
Contemporary Amperex Technology Co. Ltd. |
Electrical Equipment | 2,900 | 236,228 | |||||||||||
COSCO SHIPPING Development Co. Ltd., H |
Trading Companies & Distributors | 168,000 | 33,450 | |||||||||||
COSCO SHIPPING Energy Transportation Co. Ltd., H |
Oil, Gas & Consumable Fuels | 60,000 | 29,443 | |||||||||||
a |
COSCO Shipping Holdings Co. Ltd. |
Marine | 156,000 | 239,271 | ||||||||||
Country Garden Holdings Co. Ltd. |
Real Estate Management & Development | 360,000 | 372,271 | |||||||||||
Country Garden Services Holdings Co. Ltd. |
Commercial Services & Supplies | 85,000 | 671,514 | |||||||||||
CRRC Corp. Ltd., A |
Machinery | 84,000 | 80,824 | |||||||||||
CRRC Corp. Ltd., H |
Machinery | 192,000 | 87,804 | |||||||||||
b |
CSC Financial Co. Ltd., 144A |
Capital Markets | 48,000 | 53,829 | ||||||||||
CSC Financial Co. Ltd., A |
Capital Markets | 4,800 | 22,981 | |||||||||||
CSG Holding Co. Ltd. |
Construction Materials | 50,400 | 24,473 | |||||||||||
CSG Holding Co. Ltd. |
Construction Materials | 4,800 | 7,445 | |||||||||||
CSPC Pharmaceutical Group Ltd. |
Pharmaceuticals | 384,000 | 460,722 | |||||||||||
Daan Gene Co. Ltd. |
Biotechnology | 3,640 | 10,473 | |||||||||||
a,d |
Dada Nexus Ltd., ADR |
Internet & Direct Marketing Retail | 3,129 | 62,705 | ||||||||||
b |
Dali Foods Group Co. Ltd., 144A |
Food Products | 96,000 | 57,960 | ||||||||||
DaShenLin Pharmaceutical Group Co. Ltd., A |
Food & Staples Retailing | 960 | 6,308 | |||||||||||
Datang International Power Generation Co. Ltd., A |
Independent Power and Renewable Electricity Producers | 28,800 | 16,020 | |||||||||||
Datang International Power Generation Co. Ltd., H |
Independent Power and Renewable Electricity Producers | 144,000 | 27,747 | |||||||||||
Dawning Information Industry Co. Ltd., A |
Technology Hardware, Storage & Peripherals | 4,800 | 19,947 | |||||||||||
DHC Software Co. Ltd. |
IT Services | 12,000 | 14,149 | |||||||||||
Dian Diagnostics Group Co. Ltd. |
Health Care Providers & Services | 2,400 | 10,996 | |||||||||||
a,d |
DiDi Global Inc., ADR |
Road & Rail | 14,400 | 112,176 | ||||||||||
a |
Do-Fluoride Chemicals Co. Ltd., A |
Chemicals | 2,400 | 19,980 | ||||||||||
Dong-E-E-Jiao Co. Ltd., A |
Pharmaceuticals | 2,400 | 13,023 | |||||||||||
Dongfang Electric Corp. Ltd., A |
Electrical Equipment | 9,600 | 27,220 | |||||||||||
Dongfang Electric Corp. Ltd., H |
Electrical Equipment | 14,400 | 23,825 | |||||||||||
Dongfeng Motor Group Co. Ltd., H |
Automobiles | 144,000 | 128,561 | |||||||||||
Dongxing Securities Co. Ltd., A |
Capital Markets | 9,600 | 16,853 | |||||||||||
East Group Co. Ltd., A |
Electrical Equipment | 4,800 | 7,117 | |||||||||||
East Money Information Co. Ltd. |
Capital Markets | 33,600 | 178,933 | |||||||||||
Ecovacs Robotics Co. Ltd., A |
Household Durables | 1,700 | 40,011 | |||||||||||
ENN Ecological Holdings Co. Ltd., A |
Gas Utilities | 9,600 | 27,191 | |||||||||||
ENN Energy Holdings Ltd. |
Gas Utilities | 36,500 | 602,031 | |||||||||||
Eve Energy Co. Ltd. |
Electrical Equipment | 6,300 | 96,667 | |||||||||||
b |
Everbright Securities Co. Ltd., 144A |
Capital Markets | 14,400 | 11,154 | ||||||||||
Everbright Securities Co. Ltd., A |
Capital Markets | 14,400 | 34,650 | |||||||||||
a,b |
Evergrande Property Services Group Ltd., 144A |
Real Estate Management & Development | 204,000 | 134,172 | ||||||||||
Fangda Carbon New Material Co. Ltd. |
Electrical Equipment | 9,600 | 15,098 | |||||||||||
a |
Faw Jiefang Group Co. Ltd. |
Automobiles | 9,600 | 15,990 | ||||||||||
Fiberhome Telecommunication Technologies Co. Ltd., A |
Communications Equipment | 4,800 | 13,119 | |||||||||||
Financial Street Holdings Co. Ltd., A |
Real Estate Management & Development | 12,000 | 11,156 |
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STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
China (continued) | ||||||||||||||
First Capital Securities Co. Ltd. |
Capital Markets | 14,400 | $ | 16,154 | ||||||||||
Flat Glass Group Co Ltd., H |
Semiconductors & Semiconductor Equipment | 24,000 | 113,300 | |||||||||||
Flat Glass Group Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 2,400 | 17,161 | |||||||||||
Focus Media Information Technology Co. Ltd. |
Media | 52,800 | 59,885 | |||||||||||
Foshan Haitian Flavouring & Food Co. Ltd. |
Food Products | 5,256 | 89,582 | |||||||||||
Fosun International Ltd. |
Industrial Conglomerates | 108,000 | 131,382 | |||||||||||
a |
Founder Securities Co. Ltd., A |
Capital Markets | 28,800 | 36,502 | ||||||||||
Foxconn Industrial Internet Co. Ltd., A |
Electronic Equipment, Instruments & Components | 14,400 | 25,926 | |||||||||||
Fu Jian Anjoy Foods Co. Ltd., A |
Food Products | 700 | 20,823 | |||||||||||
Fujian Funeng Co. Ltd., A |
Independent Power and Renewable Electricity Producers | 4,800 | 13,566 | |||||||||||
Fujian Sunner Development Co. Ltd. |
Food Products | 4,800 | 16,064 | |||||||||||
Fuyao Glass Industry Group Co. Ltd., A |
Auto Components | 7,200 | 47,134 | |||||||||||
b |
Fuyao Group Glass Industries Co. Ltd., 144A |
Auto Components | 28,800 | 154,088 | ||||||||||
G-bits Network Technology Xiamen Co. Ltd., A |
Entertainment | 200 | 12,125 | |||||||||||
Ganfeng Lithium Co. Ltd. |
Metals & Mining | 4,800 | 121,183 | |||||||||||
b |
Ganfeng Lithium Co. Ltd., H, 144A |
Metals & Mining | 7,000 | 124,450 | ||||||||||
a |
GCL System Integration Technology Co. Ltd. |
Semiconductors & Semiconductor Equipment | 24,000 | 15,246 | ||||||||||
GD Power Development Co. Ltd., A |
Independent Power and Renewable Electricity Producers | 57,600 | 29,005 | |||||||||||
a,d |
GDS Holdings Ltd., ADR |
IT Services | 5,520 | 312,487 | ||||||||||
GEM Co. Ltd. |
Metals & Mining | 16,800 | 29,102 | |||||||||||
Gemdale Corp., A |
Real Estate Management & Development | 16,800 | 29,154 | |||||||||||
a |
Genscript Biotech Corp. |
Life Sciences Tools & Services | 48,000 | 184,979 | ||||||||||
GF Securities Co. Ltd. |
Capital Markets | 21,600 | 70,148 | |||||||||||
GF Securities Co. Ltd., H |
Capital Markets | 76,800 | 133,974 | |||||||||||
Gigadevice Semiconductor Beijing Inc., A |
Semiconductors & Semiconductor Equipment | 2,448 | 54,995 | |||||||||||
Ginlong Technologies Co. Ltd., A |
Electrical Equipment | 900 | 33,747 | |||||||||||
Glarun Technology Co. Ltd., A |
Communications Equipment | 4,800 | 10,174 | |||||||||||
GoerTek Inc. |
Electronic Equipment, Instruments & Components | 12,000 | 80,136 | |||||||||||
a |
GOME Retail Holdings Ltd. |
Specialty Retail | 672,000 | 63,016 | ||||||||||
Gongniu Group Co. Ltd., A |
Electrical Equipment | 600 | 15,177 | |||||||||||
a |
Grandjoy Holdings Group Co. Ltd., A |
Real Estate Management & Development | 14,400 | 8,099 | ||||||||||
Great Wall Motor Co. Ltd., A |
Automobiles | 12,000 | 97,800 | |||||||||||
Great Wall Motor Co. Ltd., H |
Automobiles | 144,000 | 530,891 | |||||||||||
Greendland Holdings Corp. Ltd., A |
Real Estate Management & Development | 22,590 | 16,451 | |||||||||||
Greentown China Holdings Ltd. |
Real Estate Management & Development | 36,000 | 54,476 | |||||||||||
GRG Banking Equipment Co. Ltd. |
Technology Hardware, Storage & Peripherals | 9,600 | 14,592 | |||||||||||
a,d |
GSX Techedu Inc., ADR |
Diversified Consumer Services | 6,864 | 21,072 | ||||||||||
Guangdong Baolihua New Energy Stock Co. Ltd. |
Independent Power and Renewable Electricity Producers | 9,600 | 10,130 | |||||||||||
Guangdong Electric Power Development Co. Ltd., B |
Independent Power and Renewable Electricity Producers | 50,400 | 17,092 | |||||||||||
a |
Guangdong Golden Dragon Development Inc. |
Capital Markets | 2,400 | 5,689 | ||||||||||
Guangdong Haid Group Co. Ltd. |
Food Products | 5,700 | 59,526 | |||||||||||
a |
Guangdong HEC Technology Holding Co. Ltd., A |
Metals & Mining | 9,600 | 12,658 | ||||||||||
Guangdong Kinlong Hardware Products Co. Ltd. |
Building Products | 700 | 14,899 | |||||||||||
a |
Guangdong LY Intelligent Manufacturing Co. Ltd. |
Electronic Equipment, Instruments & Components | 24,000 | 24,022 | ||||||||||
Guangdong Xinbao Electrical Appliances Holdings Co. Ltd. |
Household Durables | 2,400 | 6,831 | |||||||||||
a |
Guanghui Energy Co. Ltd., A |
Oil, Gas & Consumable Fuels | 21,600 | 29,050 |
franklintempleton.com |
Semiannual Report |
173 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
China (continued) | ||||||||||||||
a |
Guangshen Railway Co. Ltd., A |
Road & Rail | 12,000 | $ | 4,369 | |||||||||
a |
Guangshen Railway Co. Ltd., H |
Road & Rail | 48,000 | 8,879 | ||||||||||
Guangxi Guiguan Electric Power Co. Ltd., A |
Independent Power and Renewable Electricity Producers | 14,400 | 16,868 | |||||||||||
Guangxi Liugong Machinery Co. Ltd. |
Machinery | 4,800 | 5,853 | |||||||||||
Guangzhou Automobile Group Co. Ltd., A |
Automobiles | 12,000 | 28,038 | |||||||||||
Guangzhou Automobile Group Co. Ltd., H |
Automobiles | 154,000 | 136,104 | |||||||||||
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., A |
Pharmaceuticals | 4,800 | 22,141 | |||||||||||
Guangzhou Baiyunshan Pharmceutical Holdings Co. Ltd. |
Pharmaceuticals | 14,400 | 36,515 | |||||||||||
Guangzhou Haige Communications Group Inc. Co. |
Communications Equipment | 7,200 | 11,424 | |||||||||||
Guangzhou Kingmed Diagnostics Group Co. Ltd. |
Health Care Providers & Services | 2,400 | 38,086 | |||||||||||
Guangzhou R&F Properties Co. Ltd., H |
Real Estate Management & Development | 76,800 | 58,996 | |||||||||||
Guangzhou Shiyuan Electronic Technology Co. Ltd., A |
Electronic Equipment, Instruments & Components | 700 | 8,498 | |||||||||||
Guangzhou TInc.i Materials Technology Co. Ltd. |
Chemicals | 3,730 | 87,916 | |||||||||||
Guangzhou Wondfo Biotech Co. Ltd., A |
Health Care Equipment & Supplies | 2,400 | 15,990 | |||||||||||
Guangzhou Yuexiu Financial Holdings Group Co. Ltd., A |
Capital Markets | 6,410 | 8,392 | |||||||||||
Guangzhou Zhujiang Brewery Co. Ltd. |
Beverages | 7,200 | 9,973 | |||||||||||
a |
Guizhou Bailing Group Pharmaceutical Co. Ltd., A |
Pharmaceuticals | 7,200 | 6,950 | ||||||||||
Guizhou Panjiang Refined Coal Co. Ltd., A |
Oil, Gas & Consumable Fuels | 4,800 | 7,021 | |||||||||||
a |
Guizhou Xinbang Pharmaceutical Co. Ltd. |
Pharmaceuticals | 7,200 | 8,557 | ||||||||||
Guolian Securities Co. Ltd., A |
Capital Markets | 4,800 | 9,869 | |||||||||||
Guosen Securities Co. Ltd. |
Capital Markets | 19,200 | 35,163 | |||||||||||
a |
Guosheng Financial Holding Inc. |
Electrical Equipment | 7,200 | 10,208 | ||||||||||
a,b |
Guotai Junan Securities Co. Ltd., 144A |
Capital Markets | 38,400 | 55,346 | ||||||||||
Guotai Junan Securities Co. Ltd., A |
Capital Markets | 26,400 | 72,933 | |||||||||||
a |
Guoxuan High-Tech Co. Ltd. |
Electrical Equipment | 4,800 | 35,320 | ||||||||||
Guoyuan Securities Co. Ltd. |
Capital Markets | 16,800 | 20,174 | |||||||||||
b,c |
Haidilao International Holding Ltd., 144A, Reg S |
Hotels, Restaurants & Leisure | 48,000 | 183,438 | ||||||||||
Haier Smart Home Co. Ltd., A |
Household Durables | 21,600 | 87,518 | |||||||||||
a |
Haier Smart Home Co. Ltd., H |
Household Durables | 110,400 | 389,289 | ||||||||||
Haitian International Holdings Ltd. |
Machinery | 29,000 | 89,593 | |||||||||||
Haitong Securities Co. Ltd., A |
Capital Markets | 33,600 | 63,202 | |||||||||||
Haitong Securities Co. Ltd., H |
Capital Markets | 163,200 | 149,476 | |||||||||||
Han’s Laser Technology Industry Group Co. Ltd., A |
Machinery | 2,400 | 14,068 | |||||||||||
a |
Hang Zhou Great Star Industrial Co. Ltd. |
Household Durables | 4,800 | 20,438 | ||||||||||
Hangzhou Binjiang Real Estate Group Co. Ltd. |
Real Estate Management & Development | 12,000 | 8,181 | |||||||||||
Hangzhou First Applied Material Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 2,760 | 54,225 | |||||||||||
Hangzhou Oxygen Plant Group Co. Ltd. |
Machinery | 2,400 | 10,516 | |||||||||||
Hangzhou Robam Appliances Co. Ltd., A |
Household Durables | 2,400 | 12,569 | |||||||||||
Hangzhou Shunwang Technology Co. Ltd. |
Entertainment | 2,400 | 4,570 | |||||||||||
Hangzhou Silan Microelectronics Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 4,800 | 42,459 | |||||||||||
Hangzhou Tigermed Consulting Co. Ltd. |
Life Sciences Tools & Services | 2,400 | 64,704 |
174 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
China (continued) | ||||||||||||||
b,c |
Hangzhou Tigermed Consulting Co. Ltd., H, 144A, Reg s |
Life Sciences Tools & Services | 5,900 | $ | 125,584 | |||||||||
b |
Hansoh Pharmaceutical Group Co. Ltd., 144A |
Pharmaceuticals | 48,000 | 122,086 | ||||||||||
Harbin Boshi Automation Co. Ltd. |
Machinery | 4,800 | 9,430 | |||||||||||
Hefei Meiya Optoelectronic Technology Inc. |
Machinery | 2,400 | 14,142 | |||||||||||
Heilongjiang Agriculture Co. Ltd., A |
Food Products | 7,200 | 16,901 | |||||||||||
Hello Group Inc., ADR |
Interactive Media & Services | 7,488 | 79,223 | |||||||||||
Henan Shuanghui Investment & Development Co. Ltd. |
Food Products | 9,600 | 40,384 | |||||||||||
Hengan International Group Co. Ltd. |
Personal Products | 36,000 | 192,841 | |||||||||||
Hengdian Group DMEGC Magnetics Co. Ltd. |
Electronic Equipment, Instruments & Components | 7,200 | 14,659 | |||||||||||
Hengli Petrochemical Co. Ltd., A |
Chemicals | 9,600 | 38,733 | |||||||||||
a |
HengTen Networks Group Ltd. |
Internet & Direct Marketing Retail | 114,800 | 34,066 | ||||||||||
Hengyi Petrochemical Co. Ltd., A |
Chemicals | 12,000 | 21,382 | |||||||||||
a |
Hesteel Co. Ltd. |
Metals & Mining | 26,400 | 11,372 | ||||||||||
Hithink RoyalFlush Information Network Co. Ltd., A |
Capital Markets | 2,400 | 44,583 | |||||||||||
a |
Holitech Technology Co. Ltd. |
Electronic Equipment, Instruments & Components | 14,400 | 7,586 | ||||||||||
Hongfa Technology Co. Ltd., A |
Electrical Equipment | 2,400 | 23,197 | |||||||||||
Hongta Securities Co. Ltd., A |
Capital Markets | 6,120 | 11,189 | |||||||||||
Hopson Development Holdings Ltd. |
Real Estate Management & Development | 29,400 | 104,614 | |||||||||||
Hoshine Silicon Industry Co. Ltd., A |
Chemicals | 2,400 | 66,746 | |||||||||||
a,b,c |
Hua Hong Semiconductor Ltd., 144A, Reg S |
Semiconductors & Semiconductor Equipment | 24,000 | 124,553 | ||||||||||
Huaan Securities Co. Ltd., A |
Capital Markets | 12,260 | 10,182 | |||||||||||
Huadian Power International Corp. Ltd., A |
Independent Power and Renewable Electricity Producers | 26,400 | 19,348 | |||||||||||
Huadian Power International Corp. Ltd., H |
Independent Power and Renewable Electricity Producers | 96,000 | 39,832 | |||||||||||
Huadong Medicine Co. Ltd., A |
Health Care Providers & Services | 4,800 | 22,074 | |||||||||||
Huafa Industrial Co. Ltd. Zhuhai, A |
Real Estate Management & Development | 9,600 | 8,538 | |||||||||||
Huafon Chemical Co. Ltd. |
Chemicals | 12,000 | 22,628 | |||||||||||
Huagong Tech Co. Ltd. |
Electronic Equipment, Instruments & Components | 2,400 | 10,862 | |||||||||||
Huaibei Mining Holdings Co. Ltd., A |
Metals & Mining | 7,200 | 16,935 | |||||||||||
Hualan Biological Engineering Inc. |
Biotechnology | 5,460 | 23,603 | |||||||||||
Huaneng Power International Inc., A |
Independent Power and Renewable Electricity Producers | 26,400 | 33,828 | |||||||||||
Huaneng Power International Inc., H |
Independent Power and Renewable Electricity Producers | 192,000 | 103,342 | |||||||||||
Huapont Life Sciences Co. Ltd. |
Chemicals | 4,800 | 5,161 | |||||||||||
b |
Huatai Securities Co. Ltd., 144A |
Capital Markets | 76,800 | 118,584 | ||||||||||
Huatai Securities Co. Ltd., A |
Capital Markets | 24,000 | 63,179 | |||||||||||
Huaxi Securities Co. Ltd. |
Capital Markets | 7,200 | 10,732 | |||||||||||
Huaxia Bank Co. Ltd., A |
Banks | 55,200 | 47,639 | |||||||||||
Huaxin Cement Co. Ltd., A |
Construction Materials | 4,800 | 15,209 | |||||||||||
Huaxin Cement Co. Ltd., B |
Construction Materials | 16,800 | 30,912 | |||||||||||
Huayu Automotive Systems Co. Ltd. |
Auto Components | 12,000 | 42,430 | |||||||||||
Hubei Biocause Pharmaceutical Co. Ltd. |
Insurance | 7,200 | 3,737 | |||||||||||
Hubei Energy Group Co. Ltd. |
Independent Power and Renewable Electricity Producers | 16,800 | 15,618 | |||||||||||
Hubei Xinyangfeng Fertilizer Co. Ltd. |
Chemicals | 4,800 | 13,164 | |||||||||||
Huizhou Desay Sv Automotive Co. Ltd. |
Household Durables | 2,400 | 31,266 | |||||||||||
Humanwell Healthcare Group Co. Ltd., A |
Pharmaceuticals | 4,800 | 14,993 | |||||||||||
Hunan Valin Steel Co. Ltd., A |
Metals & Mining | 21,600 | 22,189 | |||||||||||
Hundsun Technologies Inc., A |
Software | 5,020 | 44,553 | |||||||||||
Huolinhe Opencut Coal Industry Corp. Ltd. of Inner Mongolia |
Oil, Gas & Consumable Fuels | 4,800 | 11,297 | |||||||||||
b |
Hygeia Healthcare Holdings Co. Ltd., 144A |
Health Care Providers & Services | 14,400 | 107,473 | ||||||||||
a |
I-Mab, ADR |
Biotechnology | 1,248 | 90,468 |
franklintempleton.com |
Semiannual Report |
175 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
China (continued) | ||||||||||||||
Iflytek Co. Ltd. |
Software | 7,200 | $ | 59,015 | ||||||||||
IInner Mongolia MengDian HuaNeng Thermal Power Co. Ltd., A |
Independent Power and Renewable Electricity Producers | 16,800 | 10,698 | |||||||||||
Imeik Technology Development Co. Ltd., A |
Biotechnology | 600 | 55,111 | |||||||||||
Industrial and Commercial Bank of China Ltd. |
Banks | 261,600 | 188,884 | |||||||||||
Industrial and Commercial Bank of China Ltd., H |
Banks | 3,816,000 | 2,122,546 | |||||||||||
Industrial Bank Co. Ltd., A |
Banks | 69,600 | 197,347 | |||||||||||
Industrial Securities Co. Ltd., A |
Capital Markets | 24,000 | 36,591 | |||||||||||
Ingenic Semiconductor Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 2,400 | 47,784 | |||||||||||
a |
Inner Mongolia BaoTou Steel Union Co. Ltd., A |
Metals & Mining | 132,000 | 64,834 | ||||||||||
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd., A |
Chemicals | 24,000 | 21,271 | |||||||||||
Inner Mongolia Yili Industrial Group Co. Ltd., A |
Food Products | 21,600 | 126,173 | |||||||||||
Inner Mongolia Yitai Coal Co. Ltd., B |
Oil, Gas & Consumable Fuels | 50,400 | 43,747 | |||||||||||
a,b |
Innovent Biologics Inc., 144A |
Biotechnology | 63,500 | 615,859 | ||||||||||
Inspur Electronic Information Industry Co. Ltd. |
Technology Hardware, Storage & Peripherals | 4,908 | 21,688 | |||||||||||
Intco Medical Technology Co. Ltd. |
Health Care Equipment & Supplies | 1,575 | 14,308 | |||||||||||
a |
Iqiyi Inc., ADR |
Entertainment | 14,808 | 118,908 | ||||||||||
a |
JA Solar Technology Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 4,800 | 49,049 | ||||||||||
Jafron Biomedical Co. Ltd., A |
Health Care Equipment & Supplies | 2,400 | 21,776 | |||||||||||
Jason Furniture Hangzhou Co. Ltd., A |
Household Durables | 2,400 | 22,312 | |||||||||||
a,b |
JD Health International Inc., 144A |
Internet & Direct Marketing Retail | 34,800 | 335,722 | ||||||||||
a |
JD.com Inc., A |
Internet & Direct Marketing Retail | 60,872 | 2,214,480 | ||||||||||
Jiajiayue Group Co. Ltd., A |
Food & Staples Retailing | 2,400 | 5,589 | |||||||||||
Jiangling Motors Corp. Ltd., A |
Automobiles | 2,400 | 5,823 | |||||||||||
a |
Jiangsu Changjiang Electronics Technology Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 7,200 | 35,777 | ||||||||||
Jiangsu Eastern Shenghong Co. Ltd. |
Chemicals | 9,600 | 41,827 | |||||||||||
Jiangsu Expressway Co. Ltd., A |
Transportation Infrastructure | 7,200 | 9,728 | |||||||||||
Jiangsu Expressway Co. Ltd., H |
Transportation Infrastructure | 58,000 | 58,785 | |||||||||||
Jiangsu Hengli Hydraulic Co. Ltd., A |
Machinery | 3,680 | 48,227 | |||||||||||
Jiangsu Hengrui Medicine Co. Ltd., A |
Pharmaceuticals | 22,740 | 176,980 | |||||||||||
Jiangsu King’s Luck Brewery JSC Ltd |
Beverages | 4,800 | 33,691 | |||||||||||
Jiangsu Linyang Energy Co. Ltd., A |
Electrical Equipment | 7,200 | 13,833 | |||||||||||
Jiangsu Yanghe Brewery JST Co. Ltd., A |
Beverages | 5,400 | 138,958 | |||||||||||
Jiangsu Yangnong Chemical Co. Ltd., A |
Chemicals | 900 | 14,621 | |||||||||||
Jiangsu Yoke Technology Co. Ltd., A |
Chemicals | 2,400 | 28,395 | |||||||||||
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd. |
Health Care Equipment & Supplies | 2,400 | 12,052 | |||||||||||
Jiangsu Zhongnan Construction Group Co. Ltd. |
Real Estate Management & Development | 14,400 | 9,929 | |||||||||||
Jiangsu Zhongtian Technology Co. Ltd., A |
Electrical Equipment | 12,000 | 16,920 | |||||||||||
Jiangxi Copper Co. Ltd., A |
Metals & Mining | 7,200 | 27,287 | |||||||||||
Jiangxi Copper Co. Ltd., H |
Metals & Mining | 48,000 | 86,694 | |||||||||||
Jiangxi Zhengbang Technology Co. Ltd., A |
Food Products | 12,000 | 17,533 | |||||||||||
Jilin Aodong Pharmaceutical Group Co. Ltd. |
Pharmaceuticals | 4,800 | 12,524 | |||||||||||
Jinduicheng Molybdenum Co. Ltd., A |
Metals & Mining | 7,200 | 8,389 | |||||||||||
Jinke Properties Group Co. Ltd. |
Real Estate Management & Development | 19,200 | 15,350 |
176 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
China (continued) | ||||||||||||||
Jinke Smart Services Group Co. Ltd., H |
Real Estate Management & Development | 9,600 | $ | 53,891 | ||||||||||
a,b,c |
Jinxin Fertility Group Ltd., 144A, Reg S |
Health Care Providers & Services | 66,500 | 99,092 | ||||||||||
JiuGui Liquor Co. Ltd., A |
Beverages | 900 | 34,546 | |||||||||||
b |
Jiumaojiu International Holdings Ltd., 144A |
Hotels, Restaurants & Leisure | 24,000 | 72,604 | ||||||||||
Jizhong Energy Resources Co. Ltd., A |
Oil, Gas & Consumable Fuels | 9,600 | 13,417 | |||||||||||
JoInc.are Pharmaceutical Group Industry Co. Ltd., A |
Pharmaceuticals | 7,200 | 12,695 | |||||||||||
Joinn Laboratories China Co. Ltd., A |
Life Sciences Tools & Services | 1,000 | 24,481 | |||||||||||
Jointown Pharmaceutical Group Co. Ltd., A |
Health Care Providers & Services | 7,200 | 17,269 | |||||||||||
Jonjee Hi-Tech Industrial And Commercial Holding Co. Ltd., A |
Food Products | 2,400 | 11,840 | |||||||||||
Joyoung Co. Ltd. |
Household Durables | 2,400 | 8,077 | |||||||||||
d |
JOYY Inc., ADR |
Interactive Media & Services | 2,592 | 142,119 | ||||||||||
Kaishan Group Co. Ltd., A |
Machinery | 2,400 | 6,705 | |||||||||||
a |
KE Holdings Inc., ADR |
Real Estate Management & Development | 11,328 | 206,849 | ||||||||||
Kingboard Holdings Ltd. |
Electronic Equipment, Instruments & Components | 36,000 | 163,013 | |||||||||||
a |
Kingdee International Software Group Co. Ltd. |
Software | 120,000 | 401,559 | ||||||||||
Kingfa Sci & Tech Co. Ltd., A |
Chemicals | 9,600 | 21,821 | |||||||||||
a,d |
Kingsoft Cloud Holdings Ltd., ADR |
IT Services | 4,512 | 127,780 | ||||||||||
Kingsoft Corp. Ltd. |
Software | 40,200 | 160,342 | |||||||||||
a,b |
Kuaishou Technology, 144A, B |
Interactive Media & Services | 74,400 | 790,386 | ||||||||||
a |
Kuang-Chi Technologies Co. Ltd. |
Auto Components | 7,200 | 25,056 | ||||||||||
Kunlun Tech Co. Ltd. |
Entertainment | 4,800 | 12,606 | |||||||||||
Kweichow Moutai Co. Ltd., A |
Beverages | 4,300 | 1,219,244 | |||||||||||
KWG Group Holdings Ltd. |
Real Estate Management & Development | 60,000 | 58,654 | |||||||||||
a,c |
KWG Living Group Holdings Ltd., Reg S |
Real Estate Management & Development | 48,500 | 35,886 | ||||||||||
Lao Feng Xiang Co. Ltd., B |
Textiles, Apparel & Luxury Goods | 9,600 | 32,602 | |||||||||||
Laobaixing Pharmacy Chain JSC |
Food & Staples Retailing | 2,400 | 17,403 | |||||||||||
b |
Legend Holdings Corp., 144A |
Technology Hardware, Storage & Peripherals | 26,400 | 51,208 | ||||||||||
Lens Technology Co. Ltd. |
Electronic Equipment, Instruments & Components | 16,800 | 54,456 | |||||||||||
Leo Group Co. Ltd. |
Media | 26,400 | 10,267 | |||||||||||
Lepu Medical Technology Beijing Co. Ltd. |
Health Care Equipment & Supplies | 7,200 | 29,931 | |||||||||||
Leyard Optoelectronic Co. Ltd. |
Electronic Equipment, Instruments & Components | 9,600 | 15,410 | |||||||||||
a |
Li Auto Inc., ADR |
Automobiles | 19,872 | 522,435 | ||||||||||
Li Ning Co. Ltd. |
Textiles, Apparel & Luxury Goods | 105,000 | 1,215,951 | |||||||||||
LianChuang Electronic Technology Co. Ltd., A |
Electronic Equipment, Instruments & Components | 5,460 | 13,976 | |||||||||||
Lianhe Chemical Technology Co. Ltd. |
Chemicals | 2,400 | 6,879 | |||||||||||
Liaoning Cheng Da Co. Ltd., A |
Distributors | 4,800 | 18,370 | |||||||||||
Liaoning Port Co. Ltd., A |
Transportation Infrastructure | 40,800 | 11,442 | |||||||||||
Livzon Pharmaceutical Group Inc. |
Pharmaceuticals | 2,400 | 14,432 | |||||||||||
Livzon Pharmaceutical Group Inc., H |
Pharmaceuticals | 7,200 | 26,452 | |||||||||||
Logan Group Co. Ltd. |
Real Estate Management & Development | 48,000 | 50,191 | |||||||||||
Lomon Billions Group Co. Ltd. |
Chemicals | 7,200 | 32,029 | |||||||||||
b,c |
Longfor Group Holdings Ltd., 144A, Reg S |
Real Estate Management & Development | 93,000 | 428,882 | ||||||||||
LONGi Green Energy Technology Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 18,200 | 232,590 | |||||||||||
Luenmei Quantum Co. Ltd., A |
Water Utilities | 4,800 | 6,954 | |||||||||||
a |
Lufax Holding Ltd., ADR |
Consumer Finance | 26,400 | 184,272 | ||||||||||
Luxi Chemical Group Co. Ltd., A |
Chemicals | 7,200 | 20,973 | |||||||||||
Luxshare Precision Industry Co. Ltd., A |
Electronic Equipment, Instruments & Components | 24,099 | 133,340 | |||||||||||
a,b |
Luye Pharma Group Ltd., 144A |
Pharmaceuticals | 84,000 | 43,917 | ||||||||||
Luzhou Laojiao Co. Ltd., A |
Beverages | 5,100 | 175,094 | |||||||||||
Maanshan Iron & Steel Co. Ltd., A |
Metals & Mining | 12,000 | 9,204 | |||||||||||
Maanshan Iron & Steel Co. Ltd., H |
Metals & Mining | 48,000 | 21,889 | |||||||||||
Maccura Biotechnology Co. Ltd. |
Life Sciences Tools & Services | 2,400 | 10,717 | |||||||||||
Mango Excellent Media Co. Ltd. |
Entertainment | 7,230 | 48,831 | |||||||||||
Maxscend Microelectronics Co. Ltd., A |
Electronic Equipment, Instruments & Components | 1,020 | 55,631 | |||||||||||
a |
Meinian Onehealth Healthcare Holdings Co. Ltd. |
Health Care Providers & Services | 14,400 | 16,555 | ||||||||||
a,b |
Meituan Dianping, 144A |
Internet & Direct Marketing Retail | 187,200 | 5,930,070 |
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Semiannual Report |
177 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
China (continued) | ||||||||||||||
Metallurgical Corp. of China Ltd. |
Construction & Engineering | 120,000 | $ | 36,996 | ||||||||||
Metallurgical Corp. of China Ltd., A |
Construction & Engineering | 52,800 | 35,587 | |||||||||||
Ming Yuan Cloud Group Holdings Ltd. |
Software | 24,000 | 83,241 | |||||||||||
a |
MINISO Group Holding Ltd., ADR |
Multiline Retail | 3,408 | 51,938 | ||||||||||
Montage Technology Co. Ltd. |
Semiconductors & Semiconductor Equipment | 3,717 | 34,216 | |||||||||||
Muyuan Foods Co. Ltd. |
Food Products | 17,360 | 139,601 | |||||||||||
NanJi E-Commerce Co. Ltd. |
Media | 9,600 | 9,817 | |||||||||||
Nanjing Hanrui Cobalt Co. Ltd., A |
Metals & Mining | 800 | 9,290 | |||||||||||
Nanjing Iron & Steel Co. Ltd., A |
Metals & Mining | 24,000 | 14,800 | |||||||||||
Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd. |
Pharmaceuticals | 3,450 | 19,244 | |||||||||||
Nanjing Securities Co. Ltd., A |
Capital Markets | 14,400 | 22,223 | |||||||||||
a |
Nanyang Topsec Technologies Group Inc.Nanyang Topsec Technologies Group Inc., ANanyang Topsec Technologies Group Inc., ANanyang Topsec Technologies Group Inc., ANanyang Topsec Technologies Group Inc., A |
Electrical Equipment | 4,800 | 11,900 | ||||||||||
Nari Technology Development Co. Ltd., A |
Electrical Equipment | 19,200 | 106,829 | |||||||||||
a |
National Silicon Industry Group Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 5,700 | 25,312 | ||||||||||
NAURA Technology Group Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 1,800 | 101,990 | |||||||||||
a |
NavInfo Co. Ltd. |
Household Durables | 7,200 | 12,294 | ||||||||||
NetEase Inc. |
Entertainment | 72,000 | 1,216,240 | |||||||||||
New China Life Insurance Co. Ltd., A |
Insurance | 7,200 | 44,802 | |||||||||||
New China Life Insurance Co. Ltd., H |
Insurance | 45,600 | 134,727 | |||||||||||
a |
New Hope Liuhe Co. Ltd. |
Food Products | 16,800 | 38,421 | ||||||||||
a |
New Oriental Education & Technology Group Inc., ADR |
Diversified Consumer Services | 73,560 | 150,798 | ||||||||||
Newland Digital Technology Co. Ltd. |
Software | 2,400 | 5,716 | |||||||||||
Nine Dragons Paper Holdings Ltd. |
Paper & Forest Products | 78,000 | 96,089 | |||||||||||
Ninestar Corp. |
Technology Hardware, Storage & Peripherals | 2,400 | 13,889 | |||||||||||
Ningbo Joyson Electronic Corp. |
Auto Components | 4,800 | 12,971 | |||||||||||
Ningbo Tuopu Group Co. Ltd., A |
Auto Components | 2,400 | 13,551 | |||||||||||
Ningbo Zhoushan Port Co. Ltd., A |
Transportation Infrastructure | 28,800 | 17,626 | |||||||||||
Ningxia Baofeng Energy Group Co. Ltd., A |
Chemicals | 9,600 | 23,918 | |||||||||||
a |
NIO Inc., ADR |
Automobiles | 62,592 | 2,230,153 | ||||||||||
Northeast Securities Co. Ltd. |
Capital Markets | 9,600 | 12,837 | |||||||||||
NSFOCUS Information Technology Co. Ltd. |
Software | 2,400 | 6,694 | |||||||||||
a |
Oceanwide Holdings Co. Ltd. |
Diversified Financial Services | 9,600 | 2,975 | ||||||||||
a |
Offcn Education Technology Co. Ltd., A |
Diversified Consumer Services | 7,200 | 12,093 | ||||||||||
Offshore Oil Engineering Co. Ltd., A |
Energy Equipment & Services | 12,000 | 8,906 | |||||||||||
OFILM Group Co. Ltd. |
Electronic Equipment, Instruments & Components | 9,600 | 12,495 | |||||||||||
a |
OneConnect Financial Technology Co. Ltd., ADR |
Software | 5,976 | 24,502 | ||||||||||
Oppein Home Group Inc., A |
Household Durables | 900 | 18,250 | |||||||||||
b |
Orient Securities Co. Ltd. of China, 144A |
Capital Markets | 38,400 | 37,489 | ||||||||||
Oriental Energy Co. Ltd., A |
Oil, Gas & Consumable Fuels | 4,800 | 10,122 | |||||||||||
a |
Ourpalm Co. Ltd. |
Entertainment | 12,000 | 7,010 | ||||||||||
Ovctek China Inc., A |
Health Care Equipment & Supplies | 3,120 | 39,476 | |||||||||||
a |
Pangang Group Vanadium Titanium & Resources Co. Ltd., A |
Metals & Mining | 31,200 | 23,156 | ||||||||||
People.cn Co. Ltd. |
Media | 4,800 | 9,795 | |||||||||||
Perfect World Co. Ltd. |
Entertainment | 4,800 | 11,215 | |||||||||||
PetroChina Co. Ltd., H |
Oil, Gas & Consumable Fuels | 1,008,000 | 477,802 | |||||||||||
Pharmaron Beijing Co. Ltd., A |
Life Sciences Tools & Services | 1,000 | 33,376 | |||||||||||
b,c |
Pharmaron Beijing Co. Ltd., H, 144A, Reg s |
Life Sciences Tools & Services | 7,200 | 172,308 | ||||||||||
PICC Property and Casualty Co. Ltd., H |
Insurance | 336,000 | 325,872 | |||||||||||
a |
Pinduoduo Inc., ADR |
Internet & Direct Marketing Retail | 17,928 | 1,625,532 |
178 |
Semiannual Report |
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FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
China (continued) | ||||||||||||||
Ping An Bank Co. Ltd., A |
Banks | 64,800 | $ | 180,022 | ||||||||||
a,b,c |
Ping An Healthcare and Technology Co. Ltd., 144A, Reg S |
Health Care Technology | 19,200 | 124,799 | ||||||||||
Ping An Insurance Group Co. of China Ltd., A |
Insurance | 36,000 | 269,749 | |||||||||||
Ping An Insurance Group Co. of China Ltd., H |
Insurance | 288,000 | 1,970,031 | |||||||||||
Pingdingshan Tianan Coal Mining Co. Ltd., A |
Oil, Gas & Consumable Fuels | 7,200 | 14,235 | |||||||||||
Poly Developments and Holdings Group Co. Ltd., A |
Real Estate Management & Development | 43,200 | 93,910 | |||||||||||
Poly Property Services Co. Ltd., H |
Real Estate Management & Development | 5,800 | 34,571 | |||||||||||
b |
Pop Mart International Group Ltd., 144A |
Specialty Retail | 19,200 | 131,335 | ||||||||||
b |
Postal Savings Bank of China Co. Ltd., 144A |
Banks | 456,000 | 315,143 | ||||||||||
Power Construction Corp. of China Ltd. |
Construction & Engineering | 36,000 | 47,245 | |||||||||||
Proya Cosmetics Co. Ltd. |
Personal Products | 300 | 8,065 | |||||||||||
Qingdao Rural Commercial Bank Corp., A |
Banks | 7,200 | 4,340 | |||||||||||
Qingdao TGOOD Electric Co. Ltd. |
Electrical Equipment | 2,400 | 9,520 | |||||||||||
Raytron Technology Co. Ltd., A |
Electronic Equipment, Instruments & Components | 1,348 | 18,317 | |||||||||||
a,b |
Red Star Macalline Group Corp. Ltd., 144A |
Real Estate Management & Development | 30,000 | 17,457 | ||||||||||
a |
Red Star Macalline Group Corp. Ltd., A |
Real Estate Management & Development | 5,000 | 7,267 | ||||||||||
a,b |
Remegen Co. Ltd., H, 144A |
Biotechnology | 3,500 | 44,331 | ||||||||||
RiseSun Real Estate Development Co. Ltd. |
Real Estate Management & Development | 12,000 | 8,962 | |||||||||||
a |
RLX Technology Inc., ADR |
Tobacco | 35,184 | 159,032 | ||||||||||
Rongsheng Petro Chemical Co. Ltd. |
Chemicals | 10,500 | 30,586 | |||||||||||
SAIC Motor Corp Ltd |
Automobiles | 33,600 | 99,332 | |||||||||||
Sanan Optoelectronics Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 14,400 | 70,706 | |||||||||||
Sangfor Technologies Inc. |
Software | 300 | 10,905 | |||||||||||
Sansteel Minguang Co. Ltd. |
Metals & Mining | 4,800 | 6,493 | |||||||||||
Sany Heavy Industry Co. Ltd., A |
Machinery | 28,800 | 113,522 | |||||||||||
SDIC Capital Co. Ltd., A |
Capital Markets | 14,560 | 19,853 | |||||||||||
SDIC Power Holdings Co. Ltd., A |
Independent Power and Renewable Electricity Producers | 24,000 | 44,847 | |||||||||||
Sealand Securities Co. Ltd. |
Capital Markets | 20,240 | 12,889 | |||||||||||
Seazen Group Ltd. |
Real Estate Management & Development | 96,000 | 76,828 | |||||||||||
Seazen Holdings Co. Ltd., A |
Real Estate Management & Development | 7,200 | 41,589 | |||||||||||
SF Holding Co. Ltd. |
Air Freight & Logistics | 9,600 | 97,205 | |||||||||||
SG Micro Corp., A |
Semiconductors & Semiconductor Equipment | 850 | 43,821 | |||||||||||
Shaanxi Coal Industry Co. Ltd. |
Oil, Gas & Consumable Fuels | 26,400 | 60,539 | |||||||||||
Shaanxi International Trust Co. Ltd. |
Capital Markets | 16,800 | 8,512 | |||||||||||
Shandong Chenming Paper Holdings Ltd., A |
Paper & Forest Products | 7,200 | 8,958 | |||||||||||
Shandong Chenming Paper Holdings Ltd., B |
Paper & Forest Products | 28,800 | 15,686 | |||||||||||
Shandong Chenming Paper Holdings Ltd., H |
Paper & Forest Products | 24,000 | 13,781 | |||||||||||
Shandong Denghai Seeds Co. Ltd. |
Food Products | 2,400 | 7,675 | |||||||||||
b |
Shandong Gold Mining Co. Ltd., 144A |
Metals & Mining | 30,500 | 53,990 | ||||||||||
Shandong Gold Mining Co. Ltd., A |
Metals & Mining | 12,684 | 38,539 | |||||||||||
Shandong Hi-speed Co. Ltd., A |
Transportation Infrastructure | 9,600 | 8,240 | |||||||||||
Shandong Himile Mechanical Science & Technology Co. Ltd. |
Machinery | 2,400 | 9,464 | |||||||||||
Shandong Hualu Hengsheng Chemical Co. Ltd., A |
Chemicals | 7,280 | 37,144 | |||||||||||
Shandong Linglong Tyre Co. Ltd., A |
Auto Components | 2,400 | 13,112 | |||||||||||
Shandong Nanshan Aluminum Co. Ltd., A |
Metals & Mining | 36,000 | 24,376 |
franklintempleton.com |
Semiannual Report |
179 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
China (continued) | ||||||||||||||
Shandong Pharmaceutical Glass Co. Ltd., A |
Health Care Equipment & Supplies | 2,400 | $ | 11,082 | ||||||||||
Shandong Sun Paper Industry JSC Ltd., A |
Paper & Forest Products | 9,600 | 17,790 | |||||||||||
Shandong Weigao Group Medical Polymer Co. Ltd., H |
Health Care Equipment & Supplies | 118,300 | 211,536 | |||||||||||
Shanghai AJ Group Co. Ltd., A |
Diversified Financial Services | 7,200 | 7,809 | |||||||||||
Shanghai Bailian Group Co. Ltd. |
Food & Staples Retailing | 4,800 | 10,732 | |||||||||||
Shanghai Bailian Group Co. Ltd., B |
Food & Staples Retailing | 9,600 | 8,755 | |||||||||||
Shanghai Bairun Investment Holding Group Co. Ltd. |
Beverages | 3,160 | 36,472 | |||||||||||
Shanghai Baosight Software Co. Ltd., A |
Software | 2,970 | 30,372 | |||||||||||
Shanghai Baosight Software Co. Ltd., B |
Software | 18,346 | 68,687 | |||||||||||
Shanghai Construction Group Co. Ltd., A |
Construction & Engineering | 28,800 | 18,296 | |||||||||||
a |
Shanghai Electric Group Co. Ltd., A |
Electrical Equipment | 28,800 | 23,204 | ||||||||||
a |
Shanghai Electric Group Co. Ltd., H |
Electrical Equipment | 144,000 | 45,135 | ||||||||||
Shanghai Electric Power Co. Ltd., A |
Independent Power and Renewable Electricity Producers | 7,200 | 13,800 | |||||||||||
Shanghai Environment Group Co. Ltd., A |
Commercial Services & Supplies | 4,800 | 9,780 | |||||||||||
Shanghai Fosun Pharmaceutical Group Co. Ltd., A |
Pharmaceuticals | 7,200 | 58,345 | |||||||||||
Shanghai Fosun Pharmaceutical Group Co. Ltd., H |
Pharmaceuticals | 24,000 | 123,474 | |||||||||||
Shanghai Friendess Electronic Technology Corp. Ltd., A |
Electronic Equipment, Instruments & Components | 300 | 20,391 | |||||||||||
Shanghai Huayi Group Co. Ltd., B |
Chemicals | 14,400 | 10,526 | |||||||||||
a |
Shanghai International Airport Co. Ltd., A |
Transportation Infrastructure | 6,500 | 44,565 | ||||||||||
Shanghai International Port Group Co. Ltd., A |
Transportation Infrastructure | 33,600 | 31,705 | |||||||||||
Shanghai Jahwa United Co. Ltd., A |
Personal Products | 2,400 | 16,306 | |||||||||||
Shanghai Jinjiang International Hotels Co. Ltd. |
Hotels, Restaurants & Leisure | 7,200 | 13,320 | |||||||||||
Shanghai Jinjiang International Hotels Co. Ltd., A |
Hotels, Restaurants & Leisure | 2,400 | 16,901 | |||||||||||
Shanghai Jinqiao Export Processing Zone Development Co. Ltd., A |
Real Estate Management & Development | 2,400 | 4,295 | |||||||||||
Shanghai Jinqiao Export Processing Zone Development Co. Ltd., B |
Real Estate Management & Development | 14,400 | 12,931 | |||||||||||
a |
Shanghai Junshi Biosciences Co. Ltd., A |
Biotechnology | 569 | 4,770 | ||||||||||
a,b |
Shanghai Junshi Biosciences Co. Ltd., H, 144A |
Biotechnology | 9,600 | 48,835 | ||||||||||
Shanghai Lingang Holdings Corp. Ltd. |
Real Estate Management & Development | 5,600 | 13,059 | |||||||||||
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., A |
Real Estate Management & Development | 7,200 | 12,707 | |||||||||||
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., B |
Real Estate Management & Development | 55,200 | 50,011 | |||||||||||
Shanghai M&G Stationery Inc., A |
Commercial Services & Supplies | 2,400 | 25,279 | |||||||||||
Shanghai Mechanical and Electrical Industry Co. Ltd., A |
Machinery | 2,400 | 5,533 | |||||||||||
Shanghai Mechanical and Electrical Industry Co. Ltd., B |
Machinery | 9,600 | 12,403 | |||||||||||
Shanghai Pharmaceuticals Holding Co. Ltd., A |
Health Care Providers & Services | 7,200 | 21,341 | |||||||||||
Shanghai Pharmaceuticals Holding Co. Ltd., H |
Health Care Providers & Services | 38,400 | 74,584 | |||||||||||
Shanghai Pudong Development Bank Co. Ltd., A |
Banks | 98,415 | 137,238 | |||||||||||
Shanghai Putailai New Energy Technology Co. Ltd., A |
Chemicals | 2,460 | 65,559 |
180 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
China (continued) | ||||||||||||||
Shanghai RAAS Blood Products Co. Ltd., A |
Biotechnology | 21,600 | $ | 22,825 | ||||||||||
Shanghai Shibei Hi-Tech Co. Ltd., B |
Real Estate Management & Development | 26,400 | 7,577 | |||||||||||
Shanghai Shimao Co. Ltd., A |
Real Estate Management & Development | 9,600 | 5,266 | |||||||||||
Shanghai Tunnel Engineering Co. Ltd., A |
Construction & Engineering | 7,200 | 6,303 | |||||||||||
Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd. |
Trading Companies & Distributors | 7,200 | 6,566 | |||||||||||
Shanghai Yuyuan Tourist Mart Group Co. Ltd., A |
Specialty Retail | 14,400 | 22,780 | |||||||||||
Shanghai Zhangjiang High-Tech Park Development Co. Ltd., A |
Real Estate Management & Development | 4,800 | 12,554 | |||||||||||
a |
Shanghai Zhenhua Port Machinery Co. Ltd., B |
Machinery | 52,800 | 15,576 | ||||||||||
Shanxi Lu’an Environmental Energy Development Co. Ltd., A |
Oil, Gas & Consumable Fuels | 9,600 | 22,327 | |||||||||||
Shanxi Securities Co. Ltd. |
Capital Markets | 12,200 | 12,400 | |||||||||||
Shanxi Taigang Stainless Steel Co. Ltd., A |
Metals & Mining | 19,200 | 28,886 | |||||||||||
Shanxi Xinghuacun Fen Wine Factory Co. Ltd., A |
Beverages | 4,120 | 201,404 | |||||||||||
Shanxi Xishan Coal & Electricity Power Co. Ltd. |
Oil, Gas & Consumable Fuels | 14,400 | 26,462 | |||||||||||
a |
Shanying International Holding Co. Ltd., A |
Paper & Forest Products | 19,200 | 10,174 | ||||||||||
Shenergy Co. Ltd., A |
Independent Power and Renewable Electricity Producers | 14,400 | 17,671 | |||||||||||
a |
Shenghe Resources Holding Co. Ltd., A |
Metals & Mining | 4,800 | 14,949 | ||||||||||
Shengyi Technology Co. Ltd., A |
Electronic Equipment, Instruments & Components | 7,200 | 24,164 | |||||||||||
Shennan Circuits Co. Ltd., A |
Electronic Equipment, Instruments & Components | 1,100 | 16,161 | |||||||||||
Shenwan Hongyuan Group Co. Ltd. |
Capital Markets | 74,400 | 63,403 | |||||||||||
b,c |
Shenwan Hongyuan Group Co. Ltd., 144A, Reg S |
Capital Markets | 96,000 | 25,404 | ||||||||||
Shenzhen Accord Pharmaceutical Co. Ltd., B |
Health Care Providers & Services | 2,400 | 6,225 | |||||||||||
Shenzhen Agricultural Products Group Co. Ltd. |
Food & Staples Retailing | 7,200 | 6,537 | |||||||||||
a |
Shenzhen Airport Co. Ltd. |
Transportation Infrastructure | 9,600 | 11,022 | ||||||||||
Shenzhen Capchem Technology Co. Ltd., A |
Chemicals | 2,400 | 57,639 | |||||||||||
Shenzhen Energy Group Co. Ltd. |
Independent Power and Renewable Electricity Producers | 14,400 | 21,241 | |||||||||||
Shenzhen Everwin Precision Technology Co. Ltd. |
Electronic Equipment, Instruments & Components | 4,880 | 10,918 | |||||||||||
Shenzhen Expressway Co. Ltd., H |
Transportation Infrastructure | 48,000 | 47,601 | |||||||||||
Shenzhen Gas Corporation Ltd., A |
Gas Utilities | 7,900 | 12,546 | |||||||||||
Shenzhen Goodix Technology Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 200 | 3,433 | |||||||||||
b |
Shenzhen Hepalink Pharmaceutical Group Co. Ltd., 144A |
Pharmaceuticals | 12,000 | 13,026 | ||||||||||
Shenzhen Hepalink Pharmaceutical Group Co. Ltd., A |
Pharmaceuticals | 2,400 | 5,764 | |||||||||||
Shenzhen Huaqiang Industry Co. Ltd. |
Real Estate Management & Development | 4,800 | 10,509 | |||||||||||
Shenzhen Infogem Technologies Co. Ltd., A |
Software | 2,400 | 5,474 | |||||||||||
Shenzhen Inovance Technology Co. Ltd. |
Machinery | 8,150 | 79,555 | |||||||||||
Shenzhen International Holdings Ltd. |
Transportation Infrastructure | 48,000 | 61,783 | |||||||||||
Shenzhen Investment Ltd. |
Real Estate Management & Development | 96,000 | 24,171 | |||||||||||
Shenzhen Jinjia Group Co. Ltd. |
Containers & Packaging | 4,800 | 7,869 | |||||||||||
Shenzhen Kaifa Technology Co. Ltd. |
Technology Hardware, Storage & Peripherals | 4,800 | 10,449 | |||||||||||
a |
Shenzhen Kangtai Biological Products Co. Ltd. |
Biotechnology | 2,400 | 40,953 | ||||||||||
Shenzhen Kingdom Sci-Tech Co. Ltd., A |
Software | 2,400 | 4,782 |
franklintempleton.com |
Semiannual Report |
181 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
China (continued) | ||||||||||||||
Shenzhen Mindray Bio-Medical Electronics Co. Ltd., A |
Health Care Equipment & Supplies | 3,100 | $ | 185,126 | ||||||||||
a |
Shenzhen MTC Co. Ltd. |
Household Durables | 16,800 | 12,885 | ||||||||||
a |
Shenzhen Neptunus Bioengineering Co. Ltd. |
Health Care Providers & Services | 14,400 | 7,095 | ||||||||||
Shenzhen Overseas Chinese Town Co. Ltd. |
Hotels, Restaurants & Leisure | 28,800 | 33,423 | |||||||||||
a |
Shenzhen Salubris Pharmaceuticals Co. Ltd. |
Pharmaceuticals | 2,400 | 10,765 | ||||||||||
Shenzhen SC New Energy Technology Corp., A |
Semiconductors & Semiconductor Equipment | 500 | 10,645 | |||||||||||
Shenzhen Sunway Communication Co. Ltd. |
Communications Equipment | 2,400 | 8,382 | |||||||||||
Shenzhen Transsion Holdings Co. Ltd., A |
Technology Hardware, Storage & Peripherals | 2,688 | 58,725 | |||||||||||
Shenzhen Yan Tian Port Holding Co. Ltd., A |
Transportation Infrastructure | 7,200 | 5,968 | |||||||||||
Shenzhen YUTO Packaging Technology Co. Ltd. |
Containers & Packaging | 2,400 | 11,111 | |||||||||||
Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd., A |
Metals & Mining | 12,000 | 9,538 | |||||||||||
Shenzhou International Group Holdings Ltd. |
Textiles, Apparel & Luxury Goods | 36,000 | 766,740 | |||||||||||
a |
Shijiazhuang Changshan BeiMing Technology Co. Ltd. |
Textiles, Apparel & Luxury Goods | 7,200 | 8,244 | ||||||||||
Shijiazhuang Yiling Pharmaceutical Co. Ltd. |
Pharmaceuticals | 3,280 | 8,452 | |||||||||||
b |
Shimao Services Holdings Ltd., 144A |
Real Estate Management & Development | 24,000 | 49,636 | ||||||||||
a |
Siasun Robot & Automation Co. Ltd. |
Machinery | 4,800 | 7,608 | ||||||||||
Sichuan Chuantou Energy Co Ltd., A |
Independent Power and Renewable Electricity Producers | 14,400 | 32,062 | |||||||||||
a |
Sichuan Hebang Biotechnology Co. Ltd., A |
Chemicals | 28,800 | 17,537 | ||||||||||
Sichuan Kelun Pharmaceutical Co. Ltd. |
Pharmaceuticals | 4,800 | 13,365 | |||||||||||
Sichuan Road & Bridge Co. Ltd., A |
Construction & Engineering | 16,800 | 21,970 | |||||||||||
Sichuan Swellfun Co. Ltd., A |
Beverages | 2,400 | 47,282 | |||||||||||
Sieyuan Electric Co. Ltd. |
Electrical Equipment | 2,400 | 14,711 | |||||||||||
Sino-Ocean Land Holdings Ltd. |
Real Estate Management & Development | 156,000 | 30,660 | |||||||||||
Sinolink Securities Co. Ltd., A |
Capital Markets | 9,600 | 16,987 | |||||||||||
Sinoma International Engineering Co. |
Construction & Engineering | 7,200 | 12,718 | |||||||||||
Sinoma Science & Technology Co. Ltd. |
Chemicals | 4,800 | 26,328 | |||||||||||
Sinopec Engineering Group Co. Ltd. |
Construction & Engineering | 72,000 | 36,626 | |||||||||||
a |
Sinopec Oilfield Service Corp. |
Energy Equipment & Services | 144,000 | 15,168 | ||||||||||
a |
Sinopec Oilfield Service Corp., A |
Energy Equipment & Services | 21,600 | 8,467 | ||||||||||
Sinopec Shanghai Petrochemical Co. Ltd., A |
Chemicals | 12,000 | 7,902 | |||||||||||
Sinopec Shanghai Petrochemical Co. Ltd., H |
Chemicals | 192,000 | 46,861 | |||||||||||
Sinopharm Group Co. Ltd., H |
Health Care Providers & Services | 57,600 | 150,203 | |||||||||||
Sinotrans Ltd., A |
Air Freight & Logistics | 12,000 | 10,152 | |||||||||||
Sinotrans Ltd., H |
Air Freight & Logistics | 96,000 | 37,736 | |||||||||||
Sinotruk Hong Kong Ltd. |
Machinery | 36,000 | 53,644 | |||||||||||
Skshu Paint Co. Ltd., A |
Chemicals | 980 | 15,184 | |||||||||||
b |
Smoore International Holdings Ltd., 144A |
Tobacco | 82,000 | 382,368 | ||||||||||
a |
Soho China Ltd. |
Real Estate Management & Development | 96,000 | 25,527 | ||||||||||
Songcheng Performance Development Co. Ltd. |
Hotels, Restaurants & Leisure | 7,860 | 17,147 | |||||||||||
SooChow Securities Co. Ltd., A |
Capital Markets | 13,080 | 20,206 | |||||||||||
Southwest Securities Co. Ltd., A |
Capital Markets | 19,200 | 15,202 | |||||||||||
a |
Spring Airlines Co. Ltd., A |
Airlines | 2,400 | 20,296 |
182 |
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FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
China (continued) | ||||||||||||||
StarPower Semiconductor Ltd., A |
Semiconductors & Semiconductor Equipment | 500 | $ | 31,579 | ||||||||||
a |
STO Express Co. Ltd. |
Air Freight & Logistics | 4,800 | 5,623 | ||||||||||
Sun Art Retail Group Ltd. |
Food & Staples Retailing | 72,000 | 33,296 | |||||||||||
Sunac China Holdings Ltd. |
Real Estate Management & Development | 124,000 | 264,418 | |||||||||||
a,b |
Sunac Services Holdings Ltd., 144A |
Real Estate Management & Development | 25,898 | 53,562 | ||||||||||
Sungrow Power Supply Co. Ltd. |
Electrical Equipment | 4,800 | 110,354 | |||||||||||
a |
Suning Universal Co. Ltd. |
Real Estate Management & Development | 12,000 | 8,925 | ||||||||||
a |
Suning.com Co. Ltd. |
Specialty Retail | 33,600 | 25,978 | ||||||||||
Sunny Optical Technology Group Co. Ltd. |
Electronic Equipment, Instruments & Components | 31,200 | 820,815 | |||||||||||
Sunwoda Electronic Co. Ltd., A |
Electrical Equipment | 4,800 | 27,815 | |||||||||||
Suofeiya Home Collection Co. Ltd. |
Household Durables | 2,400 | 6,184 | |||||||||||
Suzhou Anjie Technology Co. Ltd., A |
Electrical Equipment | 2,400 | 4,596 | |||||||||||
Suzhou Dongshan Precision Manufacturing Co. Ltd., A |
Electronic Equipment, Instruments & Components | 4,800 | 15,529 | |||||||||||
Suzhou Gold Mantis Construction Decoration Co. Ltd. |
Construction & Engineering | 7,200 | 7,039 | |||||||||||
Suzhou Maxwell Technologies Co. Ltd., A |
Electrical Equipment | 400 | 37,777 | |||||||||||
Taiji Computer Corp. Ltd. |
IT Services | 2,400 | 8,940 | |||||||||||
a |
TAL Education Group, ADR |
Diversified Consumer Services | 21,600 | 104,544 | ||||||||||
Tangshan Jidong Cement Co. Ltd. |
Construction Materials | 2,400 | 4,786 | |||||||||||
TangShan Port Group Co. Ltd., A |
Transportation Infrastructure | 16,800 | 7,236 | |||||||||||
Tangshan Sanyou Chemical Industries Co. Ltd., A |
Chemicals | 7,400 | 12,773 | |||||||||||
TBEA Co. Ltd., A |
Electrical Equipment | 12,000 | 45,088 | |||||||||||
TCL Corp. |
Household Durables | 50,400 | 48,885 | |||||||||||
Tencent Holdings Ltd. |
Interactive Media & Services | 289,300 | 17,146,952 | |||||||||||
a |
Tencent Music Entertainment Group, ADR |
Entertainment | 28,464 | 206,364 | ||||||||||
a |
The China Pacific Securities Co. Ltd., A |
Capital Markets | 24,000 | 12,123 | ||||||||||
The People’s Insurance Co. Group of China Ltd., H |
Insurance | 408,000 | 126,834 | |||||||||||
Thunder Software Technology Co. Ltd. |
Software | 2,400 | 46,553 | |||||||||||
Tian Di Science & Technology Co. Ltd., A |
Machinery | 4,800 | 3,905 | |||||||||||
a |
Tianfeng Securities Co. Ltd., A |
Capital Markets | 21,650 | 14,626 | ||||||||||
Tianjin 712 Communication & Broadcasting Co. Ltd., A |
Communications Equipment | 2,400 | 13,670 | |||||||||||
Tianjin Chase Sun Pharmaceutical Co. Ltd. |
Pharmaceuticals | 14,400 | 9,572 | |||||||||||
Tianjin Zhonghuan Semiconductor Co. Ltd. |
Semiconductors & Semiconductor Equipment | 9,600 | 68,229 | |||||||||||
Tianma Microelectronics Co. Ltd. |
Electronic Equipment, Instruments & Components | 7,200 | 15,139 | |||||||||||
Tianshui Huatian Technology Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 9,600 | 17,983 | |||||||||||
Times China Holdings Ltd. |
Real Estate Management & Development | 35,000 | 29,089 | |||||||||||
a,c |
Tongcheng-Elong Holdings Ltd., Reg S |
Internet & Direct Marketing Retail | 42,000 | 101,538 | ||||||||||
TongFu Microelectronics Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 4,800 | 14,108 | |||||||||||
Tonghua Dongbao Pharmaceutical Co. Ltd. |
Pharmaceuticals | 4,800 | 7,824 | |||||||||||
Tongkun Group Co. Ltd., A |
Chemicals | 7,200 | 24,476 | |||||||||||
Tongling Nonferrous Metals Group Co. Ltd. |
Metals & Mining | 33,600 | 20,356 | |||||||||||
Tongwei Co. Ltd., A |
Food Products | 14,400 | 113,656 | |||||||||||
a |
Topchoice Medical Investment Corp., A |
Health Care Providers & Services | 1,200 | 56,155 | ||||||||||
b |
Topsports International Holdings Ltd., 144A |
Specialty Retail | 72,000 | 82,316 | ||||||||||
TravelSky Technology Ltd., H |
IT Services | 48,000 | 92,490 | |||||||||||
a |
Trip.com Group Ltd., ADR |
Internet & Direct Marketing Retail | 25,680 | 789,660 | ||||||||||
Tsingtao Brewery Co. Ltd., A |
Beverages | 2,400 | 29,946 | |||||||||||
Tsingtao Brewery Co. Ltd., H |
Beverages | 24,400 | 191,197 | |||||||||||
a,d |
Tuya Inc., ADR |
Software | 2,208 | 20,027 | ||||||||||
Unigroup Guoxin Microelectronics Co. Ltd. |
Semiconductors & Semiconductor Equipment | 2,400 | 76,901 | |||||||||||
Unisplendour Corp. Ltd. |
Electronic Equipment, Instruments & Components | 4,800 | 18,549 | |||||||||||
Universal Scientific Industrial Shanghai Co. Ltd., A |
Electronic Equipment, Instruments & Components | 4,800 | 10,308 | |||||||||||
Valiant Co. Ltd., A |
Chemicals | 2,400 | 7,013 |
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183 |
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STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
China (continued) | ||||||||||||||
a |
Vipshop Holdings Ltd., ADR |
Internet & Direct Marketing Retail | 21,072 | $ | 234,742 | |||||||||
Visual China Group Co. Ltd., A |
Internet & Direct Marketing Retail | 2,400 | 4,916 | |||||||||||
Walvax Biotechnology Co. Ltd. |
Biotechnology | 4,800 | 46,989 | |||||||||||
Wangfujing Group Co. Ltd., A |
Multiline Retail | 2,400 | 11,044 | |||||||||||
Wangsu Science & Technology Co. Ltd. |
IT Services | 9,600 | 8,568 | |||||||||||
Wanhua Chemical Group Co. Ltd., A |
Chemicals | 12,000 | 198,482 | |||||||||||
Wanxiang Qianchao Co. Ltd. |
Auto Components | 12,000 | 10,468 | |||||||||||
a,d |
Weibo Corp., ADR |
Interactive Media & Services | 2,712 | 128,793 | ||||||||||
Weichai Power Co. Ltd., A |
Machinery | 24,000 | 63,812 | |||||||||||
Weichai Power Co. Ltd., H |
Machinery | 99,000 | 205,766 | |||||||||||
Weifu High-Technology Co. Ltd., B |
Auto Components | 7,200 | 13,827 | |||||||||||
Weifu High-Technology Group Co. Ltd., A |
Auto Components | 2,400 | 7,690 | |||||||||||
Weihai Guangwei Composites Co. Ltd., A |
Chemicals | 2,400 | 24,364 | |||||||||||
Wens Foodstuffs Group Co. Ltd. |
Food Products | 7,200 | 16,143 | |||||||||||
Western Securities Co. Ltd. |
Capital Markets | 16,800 | 21,553 | |||||||||||
Western Superconducting Technologies Co. Ltd., A |
Metals & Mining | 1,488 | 16,554 | |||||||||||
Westone Information Industry Inc. |
Electronic Equipment, Instruments & Components | 2,400 | 15,451 | |||||||||||
Will Semiconductor Ltd., A |
Semiconductors & Semiconductor Equipment | 2,400 | 90,218 | |||||||||||
Wingtech Technology Co. Ltd., A |
Electronic Equipment, Instruments & Components | 4,800 | 69,657 | |||||||||||
Winning Health Technology Group Co. Ltd. |
Health Care Technology | 8,100 | 18,236 | |||||||||||
Wolong Electric Group Co. Ltd., A |
Electrical Equipment | 4,800 | 9,884 | |||||||||||
Wuchan Zhongda Group Co. Ltd., A |
Distributors | 19,200 | 19,277 | |||||||||||
Wuhan Guide Infrared Co. Ltd. |
Electronic Equipment, Instruments & Components | 8,738 | 31,654 | |||||||||||
Wuhu Sanqi Interactive Entertainment NetworkTechnology Group Co. Ltd. |
Entertainment | 4,800 | 15,611 | |||||||||||
Wuliangye Yibin Co. Ltd., A |
Beverages | 13,100 | 445,307 | |||||||||||
WUS Printed Circuit Kunshan Co. Ltd. |
Electronic Equipment, Instruments & Components | 7,240 | 12,575 | |||||||||||
b |
WuXi AppTec Co. Ltd., 144A |
Life Sciences Tools & Services | 15,720 | 367,725 | ||||||||||
WuXi AppTec Co. Ltd., A |
Life Sciences Tools & Services | 3,260 | 77,181 | |||||||||||
a,b |
WuXi Biologics (Cayman) Inc., 144A |
Life Sciences Tools & Services | 158,900 | 2,582,114 | ||||||||||
Wuxi Lead Intelligent Equipment Co. Ltd. |
Electronic Equipment, Instruments & Components | 3,480 | 37,647 | |||||||||||
Wuxi Shangji Automation Co. Ltd., A |
Machinery | 900 | 38,976 | |||||||||||
XCMG Construction Machinery Co. Ltd. |
Machinery | 24,000 | 25,993 | |||||||||||
Xiamen C & D Inc., A |
Trading Companies & Distributors | 12,000 | 15,544 | |||||||||||
Xiamen ITG Group Corp. Ltd., A |
Trading Companies & Distributors | 4,800 | 5,801 | |||||||||||
Xiamen Meiya Pico Information Co. Ltd. |
Electronic Equipment, Instruments & Components | 2,400 | 6,132 | |||||||||||
Xiamen Tungsten Co. Ltd., A |
Metals & Mining | 4,800 | 17,611 | |||||||||||
a |
Xian International Medical Investment Co. Ltd., A |
Health Care Providers & Services | 7,200 | 12,707 | ||||||||||
a,b |
Xiaomi Corp., B, 144A |
Technology Hardware, Storage & Peripherals | 638,400 | 1,750,861 | ||||||||||
Xinfengming Group Co. Ltd., A |
Chemicals | 2,400 | 6,195 | |||||||||||
Xinhua Winshare Publishing and Media Co. Ltd., H |
Distributors | 24,000 | 18,128 | |||||||||||
Xinjiang Goldwind Science & Technology Co. Ltd. |
Electrical Equipment | 12,000 | 32,333 | |||||||||||
Xinjiang Goldwind Science & Technology Co. Ltd., H |
Electrical Equipment | 33,600 | 70,785 | |||||||||||
Xinjiang Zhongtai Chemical Co. Ltd., A |
Chemicals | 9,600 | 19,932 | |||||||||||
Xinxing Ductile Iron Pipes Co. Ltd. |
Metals & Mining | 16,800 | 11,323 | |||||||||||
Xinyi Solar Holdings Ltd. |
Semiconductors & Semiconductor Equipment | 210,000 | 430,540 | |||||||||||
a |
XPeng Inc., ADR |
Automobiles | 23,544 | 836,754 | ||||||||||
Xuji Electric Co. Ltd., A |
Electrical Equipment | 2,400 | 7,976 | |||||||||||
b,c |
Yadea Group Holdings Ltd., 144A, Reg S |
Automobiles | 48,000 | 78,431 | ||||||||||
Yang Quan Coal Industry Group Co. Ltd., A |
Oil, Gas & Consumable Fuels | 7,200 | 13,688 | |||||||||||
Yango Group Co. Ltd. |
Real Estate Management & Development | 16,800 | 10,855 | |||||||||||
b,c |
Yangtze Optical Fibre and Cable Joint Stock Ltd. Co., 144A, Reg S |
Communications Equipment | 12,000 | 18,467 | ||||||||||
Yangzijiang Shipbuilding Holdings Ltd. |
Machinery | 105,600 | 107,342 |
184 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
China (continued) | ||||||||||||||
Yantai Changyu Pioneer Wine Co. Ltd., A |
Beverages | 2,400 | $ | 12,078 | ||||||||||
Yantai Changyu Pioneer Wine Co. Ltd., B |
Beverages | 9,600 | 17,548 | |||||||||||
Yantai Eddie Precision Machinery Co. Ltd., A |
Machinery | 3,160 | 17,636 | |||||||||||
Yantai Jereh Oilfield Services Group Co. Ltd. |
Energy Equipment & Services | 2,400 | 18,006 | |||||||||||
Yanzhou Coal Mining Co. Ltd., A |
Oil, Gas & Consumable Fuels | 4,800 | 21,561 | |||||||||||
Yanzhou Coal Mining Co. Ltd., H |
Oil, Gas & Consumable Fuels | 96,000 | 181,773 | |||||||||||
a,d |
Yatsen Holding Ltd., ADR |
Personal Products | 3,312 | 12,619 | ||||||||||
Yealink Network Technology Corp. Ltd. |
Communications Equipment | 3,000 | 37,767 | |||||||||||
Yifan Pharmaceutical Co. Ltd. |
Pharmaceuticals | 4,800 | 11,669 | |||||||||||
Yifeng Pharmacy Chain Co. Ltd. |
Food & Staples Retailing | 1,690 | 13,637 | |||||||||||
Yihai International Holding Ltd. |
Food Products | 24,000 | 133,648 | |||||||||||
Yihai Kerry Arawana Holdings Co. Ltd., A |
Food Products | 4,800 | 51,629 | |||||||||||
Yintai Gold Co. Ltd. |
Metals & Mining | 9,800 | 12,892 | |||||||||||
Yonghui Superstores Co. Ltd., A |
Food & Staples Retailing | 33,600 | 20,408 | |||||||||||
Yonyou Network Technology Co. Ltd., A |
Software | 10,590 | 54,361 | |||||||||||
Youngor Group Co. Ltd., A |
Real Estate Management & Development | 16,800 | 16,685 | |||||||||||
YTO Express Group Co. Ltd., A |
Air Freight & Logistics | 9,600 | 20,720 | |||||||||||
a |
Yuan Longping High-tech Agriculture Co. Ltd. |
Food Products | 4,800 | 15,938 | ||||||||||
Yuexiu Property Co. Ltd. |
Real Estate Management & Development | 56,800 | 53,410 | |||||||||||
Yunda Holding Co. Ltd., A |
Air Freight & Logistics | 5,100 | 15,212 | |||||||||||
a |
Yunnan Aluminium Co. Ltd. |
Metals & Mining | 11,190 | 25,712 | ||||||||||
Yunnan Baiyao Group Co. Ltd. |
Pharmaceuticals | 4,800 | 72,729 | |||||||||||
Yunnan Copper Co. Ltd. |
Metals & Mining | 4,800 | 10,695 | |||||||||||
Yunnan Energy New Material Co. Ltd. |
Containers & Packaging | 2,400 | 104,166 | |||||||||||
Yunnan Hongxiang Yixintang Pharmaceutical Co. Ltd. |
Food & Staples Retailing | 2,400 | 11,201 | |||||||||||
a |
Yunnan Tin Co. Ltd. |
Metals & Mining | 4,800 | 13,989 | ||||||||||
Yutong Bus Co. Ltd., A |
Machinery | 7,200 | 12,640 | |||||||||||
a |
Zai Lab Ltd., ADR |
Biotechnology | 2,832 | 298,464 | ||||||||||
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd. |
Pharmaceuticals | 2,400 | 140,638 | |||||||||||
Zhaojin Mining Industry Co. Ltd., H |
Metals & Mining | 48,000 | 33,790 | |||||||||||
Zhefu Holding Group Co. Ltd. |
Electrical Equipment | 19,200 | 22,490 | |||||||||||
a |
Zhejiang Century Huatong Group Co. Ltd., A |
Entertainment | 26,400 | 30,270 | ||||||||||
Zhejiang China Commodities City Group Co. Ltd., A |
Real Estate Management & Development | 16,800 | 12,234 | |||||||||||
Zhejiang Chint Electrics Co. Ltd., A |
Electrical Equipment | 4,800 | 42,095 | |||||||||||
Zhejiang Crystal-Optech Co. Ltd. |
Electronic Equipment, Instruments & Components | 4,800 | 10,829 | |||||||||||
Zhejiang Dahua Technology Co. Ltd. |
Electronic Equipment, Instruments & Components | 9,600 | 35,282 | |||||||||||
Zhejiang Dingli Machinery Co. Ltd. |
Machinery | 2,400 | 26,216 | |||||||||||
Zhejiang Expressway Co. Ltd., H |
Transportation Infrastructure | 66,000 | 54,430 | |||||||||||
Zhejiang Hisoar Pharmaceutical Co. Ltd., A |
Pharmaceuticals | 7,200 | 8,467 | |||||||||||
Zhejiang Huace Film & TV Co. Ltd., A |
Entertainment | 7,200 | 6,526 | |||||||||||
Zhejiang Huahai Pharmaceutical Co. Ltd., A |
Pharmaceuticals | 5,000 | 13,689 | |||||||||||
Zhejiang Huayou Cobalt Co. Ltd., A |
Metals & Mining | 4,800 | 76,901 | |||||||||||
Zhejiang Jingsheng Mechanical & Electrical Co. Ltd., A |
Semiconductors & Semiconductor Equipment | 3,300 | 32,903 | |||||||||||
Zhejiang Jiuzhou Pharmaceutical Co. Ltd., A |
Pharmaceuticals | 2,400 | 20,486 | |||||||||||
Zhejiang Juhua Co. Ltd., A |
Chemicals | 7,200 | 16,656 | |||||||||||
Zhejiang Longsheng Group Co. Ltd., A |
Chemicals | 9,600 | 20,110 | |||||||||||
Zhejiang Medicine Co. Ltd., A |
Pharmaceuticals | 2,400 | 6,099 | |||||||||||
Zhejiang NHU Co. Ltd. |
Pharmaceuticals | 8,280 | 34,459 | |||||||||||
Zhejiang Sanhua Intelligent Controls Co. Ltd. |
Machinery | 12,000 | 42,318 | |||||||||||
Zhejiang Satellite Petrochemical Co. Ltd. |
Chemicals | 6,240 | 37,736 | |||||||||||
Zhejiang Supor Co. Ltd. |
Household Durables | 1,400 | 10,132 | |||||||||||
Zhejiang Wanfeng Auto Wheel Co. Ltd. |
Auto Components | 9,600 | 8,404 | |||||||||||
Zhejiang Wanliyang Co. Ltd. |
Machinery | 4,800 | 8,055 |
franklintempleton.com |
Semiannual Report |
185 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
China (continued) | ||||||||||||||
Zhejiang Weiming Environment Protection Co. Ltd., A |
Commercial Services & Supplies | 2,400 | $ | 10,263 | ||||||||||
Zhejiang Weixing New Building Materials Co. Ltd., A |
Building Products | 4,800 | 12,562 | |||||||||||
Zhejiang Wolwo Bio-Pharmaceutical Co. Ltd., A |
Pharmaceuticals | 2,400 | 21,791 | |||||||||||
Zhejiang Yasha Decoration Co. Ltd. |
Diversified Consumer Services | 7,200 | 8,322 | |||||||||||
a |
Zhejiang Yongtai Technology Co. Ltd., A |
Chemicals | 2,400 | 19,753 | ||||||||||
Zhengzhou Coal Mining Machinery Group Co. Ltd., A |
Machinery | 4,800 | 8,605 | |||||||||||
a |
Zheshang Securities Co. Ltd., A |
Capital Markets | 4,800 | 9,259 | ||||||||||
a,d |
Zhihu Inc., ADR |
Interactive Media & Services | 2,688 | 24,810 | ||||||||||
a,b,c |
ZhongAn Online P & C Insurance Co. Ltd., 144A, Reg S |
Insurance | 16,800 | 69,167 | ||||||||||
Zhongji Innolight Co. Ltd. |
Communications Equipment | 2,400 | 12,971 | |||||||||||
Zhongjin Gold Corp. Ltd., A |
Metals & Mining | 16,800 | 21,787 | |||||||||||
Zhongshan Public Utilities Group Co. Ltd., A |
Water Utilities | 7,200 | 10,364 | |||||||||||
Zhongsheng Group Holdings Ltd. |
Specialty Retail | 30,500 | 245,657 | |||||||||||
a |
Zhongtai Securities Co. Ltd., A |
Capital Markets | 9,600 | 14,250 | ||||||||||
a |
Zhuzhou CRRC Times Electric Co. Ltd., H |
Electrical Equipment | 24,000 | 110,834 | ||||||||||
Zhuzhou Kibing Group Co. Ltd., A |
Building Products | 7,200 | 19,333 | |||||||||||
Zijin Mining Group Co. Ltd., A |
Metals & Mining | 67,200 | 105,059 | |||||||||||
Zijin Mining Group Co. Ltd., H |
Metals & Mining | 288,000 | 355,900 | |||||||||||
Zoomlion Heavy Industry Science and Technology Co. Ltd. |
Machinery | 24,000 | 30,679 | |||||||||||
Zoomlion Heavy Industry Science and Technology Development Co. Ltd., H |
Machinery | 76,800 | 68,763 | |||||||||||
ZTE Corp. |
Communications Equipment | 12,000 | 61,599 | |||||||||||
ZTE Corp., H |
Communications Equipment | 38,400 | 126,279 | |||||||||||
ZTO Express Cayman Inc., ADR |
Air Freight & Logistics | 6,144 | 188,375 | |||||||||||
|
|
|||||||||||||
121,450,612 | ||||||||||||||
|
|
|||||||||||||
Hong Kong 5.0% | ||||||||||||||
a |
Alibaba Health Information Technology Ltd. |
Health Care Technology | 240,000 | 345,295 | ||||||||||
a |
Alibaba Pictures Group Ltd. |
Entertainment | 720,000 | 81,391 | ||||||||||
Beijing Enterprises Water Group Ltd. |
Water Utilities | 240,000 | 94,340 | |||||||||||
Bosideng International Holdings Ltd. |
Textiles, Apparel & Luxury Goods | 144,000 | 102,479 | |||||||||||
China Everbright Environment Group Ltd. |
Commercial Services & Supplies | 168,000 | 126,896 | |||||||||||
China Everbright Ltd. |
Capital Markets | 48,000 | 56,727 | |||||||||||
China Gas Holdings Ltd. |
Gas Utilities | 144,000 | 425,453 | |||||||||||
China Jinmao Holdings Group Ltd. |
Real Estate Management & Development | 288,000 | 103,588 | |||||||||||
China Mengniu Dairy Co. Ltd. |
Food Products | 150,000 | 966,325 | |||||||||||
China Overseas Land & Investment Ltd. |
Real Estate Management & Development | 180,000 | 410,192 | |||||||||||
China Power International Development Ltd. |
Independent Power and Renewable Electricity Producers | 216,000 | 114,595 | |||||||||||
China Resources Beer Holdings Co. Ltd. |
Beverages | 76,800 | 567,270 | |||||||||||
China Resources Gas Group Ltd. |
Gas Utilities | 42,000 | 220,665 | |||||||||||
China Resources Land Ltd. |
Real Estate Management & Development | 134,600 | 567,991 | |||||||||||
China State Construction International Holdings Ltd. |
Construction & Engineering | 96,000 | 84,104 | |||||||||||
a |
China Traditional Chinese Medicine Co. Ltd. |
Pharmaceuticals | 96,000 | 48,711 | ||||||||||
COSCO SHIPPING Ports Ltd. |
Transportation Infrastructure | 96,000 | 83,117 | |||||||||||
Far East Horizon Ltd. |
Diversified Financial Services | 96,000 | 97,423 | |||||||||||
Geely Automobile Holdings Ltd. |
Automobiles | 264,000 | 757,953 |
186 |
Semiannual Report |
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FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE China ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Hong Kong (continued) | ||||||||||||||
Guangdong Investment Ltd. |
Water Utilities | 149,100 | $ | 194,595 | ||||||||||
Health & Happiness H&H International Holdings Ltd. |
Food Products | 3,400 | 8,106 | |||||||||||
Jiayuan International Group Ltd. |
Real Estate Management & Development | 48,000 | 18,745 | |||||||||||
Kingboard Laminates Holdings Ltd. |
Electronic Equipment, Instruments & Components | 51,600 | 85,374 | |||||||||||
Kunlun Energy Co. Ltd. |
Gas Utilities | 144,000 | 150,203 | |||||||||||
Shanghai Industrial Holdings Ltd. |
Industrial Conglomerates | 24,000 | 36,009 | |||||||||||
Shimao Group Holdings Ltd. |
Real Estate Management & Development | 72,000 | 131,890 | |||||||||||
Shougang Fushan Resources Group Ltd. |
Metals & Mining | 144,000 | 43,840 | |||||||||||
Sino Biopharmaceutical Ltd. |
Pharmaceuticals | 480,000 | 398,322 | |||||||||||
|
|
|||||||||||||
6,321,599 | ||||||||||||||
|
|
|||||||||||||
Singapore 0.0%† | ||||||||||||||
Yanlord Land Group Ltd. |
Real Estate Management & Development | 31,200 | 25,510 | |||||||||||
|
|
|||||||||||||
Total Common Stocks (Cost $135,459,071) |
127,797,721 | |||||||||||||
|
|
|||||||||||||
Short Term Investments 0.5% | ||||||||||||||
Investments from Cash Collateral Received for Loaned Securities 0.5% |
||||||||||||||
United States 0.5% | ||||||||||||||
e,f |
Institutional Fiduciary Trust Portfolio, 0.01% |
Money Market Funds | 679,900 | 679,900 | ||||||||||
|
|
|||||||||||||
Total
Investments |
128,477,621 | |||||||||||||
Other Assets, less Liabilities (0.3)% |
(384,858 | ) | ||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 128,092,763 | ||||||||||||
|
|
†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, 2021, the aggregate value of these securities was $17,897,812, representing 14.0% of net assets.
cSecurity was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. At September 30, 2021, the aggregate value of these securities was $2,266,459, representing 1.8% of net assets.
dA portion or all of the security is on loan at September 30, 2021. See Note 1(d).
eThe rate shown is the annualized seven-day effective yield at period end.
fSee Note 3(c) regarding investments in affiliated management investment companies.
At September 30, 2021, 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 | ||||||||||||||||||||
MSCI Emerging Markets Index |
Long | 5 | $ | 248,150 | 12/17/21 | $ | (9,026 | ) |
*As of period end.
See Note 8 regarding other derivative information.
See Abbreviations on page 339.
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
187 |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE Europe ETF
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, | |||||||||||||||||||
2021 | 2020 | 2019 | 2018a | |||||||||||||||||
Per share operating performance (for a share outstanding throughout the period) |
||||||||||||||||||||
Net asset value, beginning of period |
$ | 27.28 | $ | 19.03 | $ | 23.24 | $ | 24.98 | $ | 25.05 | ||||||||||
|
|
|||||||||||||||||||
Income from investment operationsb: | ||||||||||||||||||||
Net investment incomec |
0.55 | 0.60 | 0.76 | 0.86 | 0.24 | |||||||||||||||
Net realized and unrealized gains (losses) |
1.10 | 8.14 | (4.21 | ) | (1.79 | ) | (0.30 | ) | ||||||||||||
|
|
|||||||||||||||||||
Total from investment operations |
1.65 | 8.74 | (3.45 | ) | (0.93 | ) | (0.06 | ) | ||||||||||||
|
|
|||||||||||||||||||
Less distributions from net investment income |
(0.65 | ) | (0.49 | ) | (0.76 | ) | (0.81 | ) | (0.01 | ) | ||||||||||
|
|
|||||||||||||||||||
Net asset value, end of period |
$ | 28.28 | $ | 27.28 | $ | 19.03 | $ | 23.24 | $ | 24.98 | ||||||||||
|
|
|||||||||||||||||||
Total returnd |
5.95% | 46.23% | (15.44)% | (3.69)% | (0.26)% | |||||||||||||||
Ratios to average net assetse | ||||||||||||||||||||
Expenses before waiver and payments by affiliates |
0.09% | 0.09% | 0.09% | 0.09% | 0.09% | |||||||||||||||
Expenses net of waiver and payments by affiliates |
0.09% | 0.09% | 0.09% | —% | —% | |||||||||||||||
Net investment income |
3.79% | 2.53% | 3.23% | 3.61% | 2.35% | |||||||||||||||
Supplemental data | ||||||||||||||||||||
Net assets, end of period (000’s) |
$192,321 | $229,126 | $91,356 | $74,359 | $104,911 | |||||||||||||||
Portfolio turnover ratef |
2.87% | g | 5.00% | g | 4.47% | g | 5.81% | 0.96% |
aFor the period November 2, 2017 (commencement of operations) to March 31, 2018.
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: | 2.87% | 4.92% | 4.47% |
188 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Statement of Investments, September 30, 2021 (unaudited)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests 98.6% |
||||||||||||||
Australia 0.6% | ||||||||||||||
Rio Tinto PLC |
Metals & Mining | 18,530 | $ | 1,227,635 | ||||||||||
|
|
|||||||||||||
Austria 0.4% | ||||||||||||||
a |
ams AG |
Semiconductors & Semiconductor Equipment | 4,318 | 78,945 | ||||||||||
Andritz AG |
Machinery | 1,190 | 65,206 | |||||||||||
Erste Group Bank AG |
Banks | 4,896 | 215,961 | |||||||||||
OMV AG |
Oil, Gas & Consumable Fuels | 2,414 | 145,984 | |||||||||||
Raiffeisen Bank International AG |
Banks | 2,210 | 58,090 | |||||||||||
Telekom Austria AG |
Diversified Telecommunication Services | 2,448 | 21,165 | |||||||||||
Verbund AG |
Electric Utilities | 1,122 | 114,040 | |||||||||||
Voestalpine AG |
Metals & Mining | 1,938 | 71,963 | |||||||||||
|
|
|||||||||||||
771,354 | ||||||||||||||
|
|
|||||||||||||
Belgium 1.4% | ||||||||||||||
Ackermans & van Haaren NV |
Diversified Financial Services | 374 | 64,540 | |||||||||||
Ageas SA/NV |
Insurance | 3,026 | 150,169 | |||||||||||
Anheuser-Busch InBev SA/NV |
Beverages | 14,280 | 813,340 | |||||||||||
Colruyt SA |
Food & Staples Retailing | 884 | 45,079 | |||||||||||
D’ieteren Group |
Distributors | 340 | 50,043 | |||||||||||
Elia Group SA/NV |
Electric Utilities | 612 | 73,197 | |||||||||||
a |
Galapagos NV |
Biotechnology | 816 | 42,708 | ||||||||||
Groupe Bruxelles Lambert SA |
Diversified Financial Services | 1,768 | 194,821 | |||||||||||
KBC Groep NV |
Banks | 4,726 | 427,440 | |||||||||||
Proximus SADP |
Diversified Telecommunication Services | 2,414 | 47,953 | |||||||||||
Sofina SA |
Diversified Financial Services | 238 | 94,665 | |||||||||||
Solvay SA |
Chemicals | 1,190 | 148,466 | |||||||||||
Telenet Group Holding NV |
Media | 816 | 31,170 | |||||||||||
UCB SA |
Pharmaceuticals | 2,074 | 232,675 | |||||||||||
Umicore SA |
Chemicals | 3,536 | 209,984 | |||||||||||
Warehouses De Pauw CVA |
Equity Real Estate Investment Trusts (REITs | ) | 2,380 | 96,541 | ||||||||||
|
|
|||||||||||||
2,722,791 | ||||||||||||||
|
|
|||||||||||||
Bermuda 0.0%† | ||||||||||||||
Hiscox Ltd. |
Insurance | 5,712 | 64,664 | |||||||||||
|
|
|||||||||||||
Chile 0.1% | ||||||||||||||
Antofagasta PLC |
Metals & Mining | 5,882 | 108,020 | |||||||||||
|
|
|||||||||||||
Cyprus 0.1% | ||||||||||||||
Polymetal International PLC |
Metals & Mining | 6,052 | 102,655 | |||||||||||
|
|
|||||||||||||
Czech Republic 0.0%† | ||||||||||||||
b |
Avast PLC, 144A |
Software | 9,316 | 71,323 | ||||||||||
|
|
|||||||||||||
Denmark 3.9% | ||||||||||||||
Ambu AS, B |
Health Care Equipment & Supplies | 2,958 | 87,526 | |||||||||||
AP Moeller-Maersk A/S, B |
Marine | 102 | 276,378 | |||||||||||
AP Moller-Maersk A/S, A |
Marine | 68 | 175,402 | |||||||||||
Carlsberg AS, B |
Beverages | 1,632 | 266,951 | |||||||||||
Chr. Hansen Holding AS |
Chemicals | 1,768 | 144,502 | |||||||||||
Coloplast AS, B |
Health Care Equipment & Supplies | 2,278 | 357,352 | |||||||||||
Danske Bank AS |
Banks | 11,322 | 191,373 | |||||||||||
DSV A/S |
Air Freight & Logistics | 3,366 | 808,174 | |||||||||||
a |
Genmab A/S |
Biotechnology | 1,020 | 446,561 | ||||||||||
GN Store Nord AS |
Health Care Equipment & Supplies | 2,210 | 153,313 | |||||||||||
H. Lundbeck AS |
Pharmaceuticals | 1,054 | 28,658 | |||||||||||
Novo Nordisk AS, B |
Pharmaceuticals | 27,030 | 2,617,859 | |||||||||||
Novozymes AS |
Chemicals | 3,332 | 228,500 | |||||||||||
b |
Orsted AS, 144A |
Electric Utilities | 3,230 | 427,304 | ||||||||||
Pandora AS |
Textiles, Apparel & Luxury Goods | 1,666 | 202,534 |
franklintempleton.com |
Semiannual Report |
189 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Europe ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
Denmark (continued) | ||||||||||||||
Rockwool International AS, B |
Building Products | 102 | $ | 43,782 | ||||||||||
Royal Unibrew A/S |
Beverages | 782 | 94,336 | |||||||||||
SimCorp A/S |
Software | 680 | 80,526 | |||||||||||
Tryg AS |
Insurance | 5,270 | 119,838 | |||||||||||
Vestas Wind Systems A/S |
Electrical Equipment | 17,272 | 693,184 | |||||||||||
a |
William Demant Holding AS |
Health Care Equipment & Supplies | 1,802 | 90,885 | ||||||||||
|
|
|||||||||||||
7,534,938 | ||||||||||||||
|
|
|||||||||||||
Finland 2.2% | ||||||||||||||
Elisa OYJ |
Diversified Telecommunication Services | 2,448 | 152,182 | |||||||||||
c |
Fortum OYJ, Reg S |
Electric Utilities | 7,446 | 226,871 | ||||||||||
Huhtamaki OYJ |
Containers & Packaging | 1,598 | 72,228 | |||||||||||
Kesko OYJ |
Food & Staples Retailing | 4,624 | 159,912 | |||||||||||
Kojamo Oyj |
Real Estate Management & Development | 3,366 | 69,867 | |||||||||||
Kone OYJ, B |
Machinery | 6,596 | 464,629 | |||||||||||
Metso Outotec Oyj |
Machinery | 10,438 | 95,737 | |||||||||||
Neste Oil OYJ |
Oil, Gas & Consumable Fuels | 6,970 | 395,574 | |||||||||||
a |
Nokia OYJ |
Communications Equipment | 96,492 | 532,196 | ||||||||||
Nokian Renkaat OYJ |
Auto Components | 2,312 | 83,091 | |||||||||||
Nordea Bank Abp |
Banks | 60,928 | 793,826 | |||||||||||
Orion OYJ |
Pharmaceuticals | 1,734 | 68,829 | |||||||||||
Sampo Oyj, A |
Insurance | 8,500 | 422,710 | |||||||||||
Stora Enso OYJ, R |
Paper & Forest Products | 9,860 | 165,295 | |||||||||||
UPM-Kymmene OYJ |
Paper & Forest Products | 9,146 | 325,518 | |||||||||||
Valmet Oyj |
Machinery | 2,142 | 77,801 | |||||||||||
Wartsila OYJ ABP |
Machinery | 8,500 | 102,008 | |||||||||||
|
|
|||||||||||||
4,208,274 | ||||||||||||||
|
|
|||||||||||||
France 15.8% | ||||||||||||||
a |
Accor SA |
Hotels, Restaurants & Leisure | 3,162 | 113,419 | ||||||||||
a |
Aeroports de Paris SA |
Transportation Infrastructure | 476 | 61,014 | ||||||||||
Air Liquide SA |
Chemicals | 7,922 | 1,272,331 | |||||||||||
a |
Airbus SE |
Aerospace & Defense | 9,418 | 1,256,315 | ||||||||||
b |
ALD SA, 144A |
Road & Rail | 1,360 | 18,599 | ||||||||||
Alstom SA |
Machinery | 5,066 | 192,870 | |||||||||||
b |
Amundi SA, 144A |
Capital Markets | 986 | 83,305 | ||||||||||
Arkema SA |
Chemicals | 1,156 | 153,401 | |||||||||||
Atos SE |
IT Services | 1,598 | 85,470 | |||||||||||
AXA SA |
Insurance | 32,776 | 914,887 | |||||||||||
Biomerieux |
Health Care Equipment & Supplies | 748 | 85,441 | |||||||||||
BNP Paribas SA |
Banks | 18,462 | 1,186,224 | |||||||||||
Bollore |
Entertainment | 17,170 | 99,595 | |||||||||||
Bouygues SA |
Construction & Engineering | 3,638 | 151,364 | |||||||||||
Bureau Veritas SA |
Professional Services | 4,862 | 150,506 | |||||||||||
Capgemini SE |
IT Services | 2,652 | 553,697 | |||||||||||
Carrefour SA |
Food & Staples Retailing | 10,540 | 189,887 | |||||||||||
Cie Generale des Etablissements Michelin SCA |
Auto Components | 2,958 | 455,261 | |||||||||||
CNP Assurances |
Insurance | 2,618 | 41,643 | |||||||||||
a |
Compagnie de Saint-Gobain |
Building Products | 8,058 | 543,893 | ||||||||||
Covivio |
Equity Real Estate Investment Trusts (REITs | ) | 850 | 71,735 | ||||||||||
Credit Agricole SA |
Banks | 21,148 | 292,790 | |||||||||||
Danone SA |
Food Products | 10,302 | 705,028 | |||||||||||
Dassault Aviation SA |
Aerospace & Defense | 420 | 47,410 | |||||||||||
Dassault Systemes SE |
Software | 11,390 | 600,158 | |||||||||||
Edenred |
IT Services | 4,216 | 227,840 | |||||||||||
a |
EDF SA |
Electric Utilities | 8,885 | 112,137 | ||||||||||
Eiffage SA |
Construction & Engineering | 1,292 | 131,289 |
190 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Europe ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
France (continued) | ||||||||||||||
Engie SA |
Multi-Utilities | 27,744 | $ | 364,690 | ||||||||||
EssilorLuxottica SA |
Textiles, Apparel & Luxury Goods | 4,998 | 958,647 | |||||||||||
Eurazeo SE |
Diversified Financial Services | 754 | 71,000 | |||||||||||
Faurecia SE |
Auto Components | 2,045 | 96,935 | |||||||||||
Gecina SA |
Equity Real Estate Investment Trusts (REITs | ) | 884 | 119,407 | ||||||||||
Getlink SE |
Transportation Infrastructure | 7,820 | 122,668 | |||||||||||
Hermes International |
Textiles, Apparel & Luxury Goods | 510 | 707,209 | |||||||||||
ICADE |
Equity Real Estate Investment Trusts (REITs | ) | 544 | 42,777 | ||||||||||
Iliad SA |
Diversified Telecommunication Services | 272 | 57,373 | |||||||||||
Imerys SA |
Construction Materials | 646 | 28,061 | |||||||||||
Ipsen SA |
Pharmaceuticals | 578 | 55,305 | |||||||||||
a |
JCDecaux SA |
Media | 1,292 | 34,349 | ||||||||||
Kering SA |
Textiles, Apparel & Luxury Goods | 1,258 | 898,103 | |||||||||||
Klepierre SA |
Equity Real Estate Investment Trusts (REITs | ) | 3,196 | 72,006 | ||||||||||
L’Oreal SA |
Personal Products | 4,114 | 1,701,432 | |||||||||||
b |
La Francaise des Jeux SAEM, 144A |
Hotels, Restaurants & Leisure | 1,496 | 77,136 | ||||||||||
Legrand SA |
Electrical Equipment | 4,590 | 493,444 | |||||||||||
LVMH Moet Hennessy Louis Vuitton SE |
Textiles, Apparel & Luxury Goods | 4,216 | 3,029,891 | |||||||||||
a,b |
Neoen SA, 144A |
Independent Power and Renewable Electricity Producers | 442 | 17,837 | ||||||||||
Orange SA |
Diversified Telecommunication Services | 32,844 | 355,980 | |||||||||||
Orpea |
Health Care Providers & Services | 850 | 99,200 | |||||||||||
Pernod Ricard SA |
Beverages | 3,570 | 789,012 | |||||||||||
Plastic Omnium SA |
Auto Components | 952 | 24,472 | |||||||||||
Publicis Groupe |
Media | 3,808 | 257,118 | |||||||||||
Remy Cointreau SA |
Beverages | 408 | 79,203 | |||||||||||
a |
Renault SA |
Automobiles | 3,162 | 113,218 | ||||||||||
Rexel SA |
Trading Companies & Distributors | 5,202 | 101,074 | |||||||||||
Rubis SCA |
Gas Utilities | 1,637 | 56,707 | |||||||||||
Safran SA |
Aerospace & Defense | 5,882 | 747,546 | |||||||||||
Sanofi |
Pharmaceuticals | 18,496 | 1,780,898 | |||||||||||
Sartorius Stedim Biotech |
Life Sciences Tools & Services | 408 | 228,718 | |||||||||||
Schneider Electric SE |
Electrical Equipment | 9,044 | 1,508,294 | |||||||||||
SCOR SE |
Insurance | 2,720 | 79,029 | |||||||||||
SEB SA |
Household Durables | 510 | 72,051 | |||||||||||
Societe Generale SA |
Banks | 13,294 | 418,996 | |||||||||||
a |
Sodexo SA |
Hotels, Restaurants & Leisure | 1,496 | 131,386 | ||||||||||
a |
SOITEC |
Semiconductors & Semiconductor Equipment | 374 | 81,445 | ||||||||||
Suez SA |
Multi-Utilities | 6,358 | 145,051 | |||||||||||
Teleperformance |
Professional Services | 986 | 388,641 | |||||||||||
Thales SA |
Aerospace & Defense | 1,734 | 169,129 | |||||||||||
TotalEnergies SE |
Oil, Gas & Consumable Fuels | 41,446 | 1,985,479 | |||||||||||
a |
Ubisoft Entertainment SA |
Entertainment | 1,598 | 96,082 | ||||||||||
a |
Unibail-Rodamco-Westfield |
Equity Real Estate Investment Trusts (REITs | ) | 2,312 | 170,469 | |||||||||
Valeo |
Auto Components | 4,148 | 116,578 | |||||||||||
Veolia Environnement SA |
Multi-Utilities | 8,568 | 262,745 | |||||||||||
Vinci SA |
Construction & Engineering | 8,568 | 895,179 | |||||||||||
Vivendi SA |
Media | 12,784 | 161,569 | |||||||||||
Wendel SE |
Diversified Financial Services | 476 | 66,144 | |||||||||||
a,b,c |
Worldline SA, 144A, Reg S |
IT Services | 4,182 | 319,933 | ||||||||||
|
|
|||||||||||||
30,447,125 | ||||||||||||||
|
|
|||||||||||||
Germany 13.0% | ||||||||||||||
1&1 Drillisch AG |
Wireless Telecommunication Services | 748 | 23,701 | |||||||||||
Adidas AG |
Textiles, Apparel & Luxury Goods | 3,264 | 1,028,169 | |||||||||||
Allianz SE |
Insurance | 6,970 | 1,573,894 | |||||||||||
a,b |
Auto1 Group SE, 144A |
Specialty Retail | 1,496 | 54,736 |
franklintempleton.com |
Semiannual Report |
191 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Europe ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
Germany (continued) | ||||||||||||||
BASF SE |
Chemicals | 15,504 | $ | 1,183,217 | ||||||||||
Bayer AG |
Pharmaceuticals | 16,728 | 911,282 | |||||||||||
Bayerische Motoren Werke AG |
Automobiles | 5,508 | 528,298 | |||||||||||
Bechtle AG |
IT Services | 1,428 | 98,140 | |||||||||||
Beiersdorf AG |
Personal Products | 1,700 | 184,136 | |||||||||||
Brenntag AG |
Trading Companies & Distributors | 2,652 | 247,665 | |||||||||||
Carl Zeiss Meditec AG |
Health Care Equipment & Supplies | 646 | 124,319 | |||||||||||
a |
Commerzbank AG |
Banks | 17,884 | 119,282 | ||||||||||
a |
Continental AG |
Auto Components | 1,870 | 205,432 | ||||||||||
b |
Covestro AG, 144A |
Chemicals | 3,094 | 212,781 | ||||||||||
a |
CTS Eventim AG & Co. KGaA |
Entertainment | 986 | 74,620 | ||||||||||
Daimler AG |
Automobiles | 14,416 | 1,281,794 | |||||||||||
a,b |
Delivery Hero SE, 144A |
Internet & Direct Marketing Retail | 3,230 | 413,459 | ||||||||||
a |
Deutsche Bank AG |
Capital Markets | 35,156 | 449,733 | ||||||||||
Deutsche Boerse AG |
Capital Markets | 3,094 | 503,804 | |||||||||||
a |
Deutsche Lufthansa AG |
Airlines | 5,100 | 35,103 | ||||||||||
Deutsche Post AG |
Air Freight & Logistics | 16,660 | 1,051,906 | |||||||||||
Deutsche Telekom AG |
Diversified Telecommunication Services | 55,114 | 1,111,159 | |||||||||||
Deutsche Wohnen AG |
Real Estate Management & Development | 4,114 | 252,318 | |||||||||||
b |
DWS Group GmbH & Co. KGaA, 144A |
Capital Markets | 612 | 25,874 | ||||||||||
E.ON SE |
Multi-Utilities | 36,448 | 446,407 | |||||||||||
Evonik Industries AG |
Chemicals | 3,332 | 105,306 | |||||||||||
a |
Evotec SE |
Life Sciences Tools & Services | 2,482 | 118,541 | ||||||||||
Fielmann AG |
Specialty Retail | 408 | 27,260 | |||||||||||
a |
Fraport AG Frankfurt Airport Services Worldwide |
Transportation Infrastructure | 612 | 42,642 | ||||||||||
Fresenius Medical Care AG & Co. KGaA |
Health Care Providers & Services | 3,502 | 247,009 | |||||||||||
Fresenius SE & Co. KGaA |
Health Care Providers & Services | 6,936 | 333,878 | |||||||||||
Fuchs Petrolub SE |
Chemicals | 578 | 21,155 | |||||||||||
GEA Group AG |
Machinery | 2,822 | 129,481 | |||||||||||
Hannover Rueck SE |
Insurance | 1,020 | 178,915 | |||||||||||
HeidelbergCement AG |
Construction Materials | 2,550 | 191,446 | |||||||||||
a |
Hella GmbH & Co. KGaA |
Auto Components | 748 | 52,395 | ||||||||||
a |
HelloFresh SE |
Internet & Direct Marketing Retail | 2,788 | 258,363 | ||||||||||
Henkel AG & Co. KGaA |
Household Products | 1,734 | 149,817 | |||||||||||
Hochtief AG |
Construction & Engineering | 340 | 27,323 | |||||||||||
Infineon Technologies AG |
Semiconductors & Semiconductor Equipment | 22,168 | 912,694 | |||||||||||
KION Group AG |
Machinery | 1,258 | 117,891 | |||||||||||
Knorr-Bremse AG |
Machinery | 1,122 | 120,464 | |||||||||||
Lanxess AG |
Chemicals | 1,428 | 96,949 | |||||||||||
LEG Immobilien AG |
Real Estate Management & Development | 1,224 | 173,347 | |||||||||||
Merck KGaA |
Pharmaceuticals | 2,210 | 480,624 | |||||||||||
METRO AG |
Food & Staples Retailing | 2,278 | 29,675 | |||||||||||
MTU Aero Engines AG |
Aerospace & Defense | 918 | 207,889 | |||||||||||
Muenchener Rueckversicherungs-Gesellschaft Aktiengesellschaft in Muenchen |
Insurance | 2,380 | 653,442 | |||||||||||
Nemetschek AG |
Software | 918 | 96,497 | |||||||||||
ProSiebenSat.1 Media SE |
Media | 2,720 | 49,996 | |||||||||||
Puma SE |
Textiles, Apparel & Luxury Goods | 1,700 | 189,968 | |||||||||||
Rational AG |
Machinery | 68 | 64,197 | |||||||||||
Rheinmetall AG |
Industrial Conglomerates | 748 | 73,495 | |||||||||||
RWE AG |
Multi-Utilities | 10,574 | 374,382 | |||||||||||
SAP SE |
Software | 18,836 | 2,551,488 | |||||||||||
Sartorius AG |
Health Care Equipment & Supplies | 34 | 26,283 | |||||||||||
b,c |
Scout24 AG, 144A, Reg S |
Interactive Media & Services | 1,462 | 101,595 | ||||||||||
Siemens AG |
Industrial Conglomerates | 12,784 | 2,102,689 | |||||||||||
a |
Siemens Energy AG |
Electrical Equipment | 7,310 | 196,803 |
192 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Europe ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
Germany (continued) | ||||||||||||||
b |
Siemens Healthineers AG, 144A |
Health Care Equipment & Supplies | 4,760 | $ | 309,923 | |||||||||
Symrise AG |
Chemicals | 2,074 | 273,176 | |||||||||||
a |
Talanx AG |
Insurance | 884 | 37,784 | ||||||||||
a,b |
TeamViewer AG, 144A |
Software | 2,686 | 79,038 | ||||||||||
Telefonica Deutschland Holding AG |
Diversified Telecommunication Services | 11,050 | 31,478 | |||||||||||
a |
thyssenkrupp AG |
Metals & Mining | 8,058 | 85,712 | ||||||||||
Traton SE |
Machinery | 850 | 21,869 | |||||||||||
a |
TUI AG |
Hotels, Restaurants & Leisure | 12,673 | 55,005 | ||||||||||
Uniper SE |
Independent Power and Renewable Electricity Producers | 1,496 | 62,503 | |||||||||||
United Internet AG |
Diversified Telecommunication Services | 1,870 | 72,862 | |||||||||||
Vantage Towers AG |
Diversified Telecommunication Services | 1,088 | 36,971 | |||||||||||
Varta AG |
Electrical Equipment | 238 | 32,217 | |||||||||||
a |
Vitesco Technologies Group AG, A |
Auto Components | 374 | 22,106 | ||||||||||
Volkswagen AG |
Automobiles | 544 | 168,966 | |||||||||||
Vonovia SE |
Real Estate Management & Development | 9,724 | 584,894 | |||||||||||
Wacker Chemie AG |
Chemicals | 272 | 50,879 | |||||||||||
a,b |
Zalando SE, 144A |
Internet & Direct Marketing Retail | 3,740 | 343,810 | ||||||||||
|
|
|||||||||||||
24,914,321 | ||||||||||||||
|
|
|||||||||||||
Ireland 1.5% | ||||||||||||||
a |
AIB Group PLC |
Banks | 13,396 | 36,469 | ||||||||||
CRH PLC |
Construction Materials | 13,294 | 625,581 | |||||||||||
DCC PLC |
Industrial Conglomerates | 1,700 | 142,070 | |||||||||||
Experian PLC |
Professional Services | 15,572 | 652,782 | |||||||||||
a |
Flutter Entertainment PLC |
Hotels, Restaurants & Leisure | 2,822 | 558,581 | ||||||||||
Glanbia PLC |
Food Products | 3,298 | 54,428 | |||||||||||
Kerry Group |
Food Products | 2,550 | 342,817 | |||||||||||
Kingspan Group PLC |
Building Products | 2,584 | 257,547 | |||||||||||
Smurfit Kappa Group PLC |
Containers & Packaging | 4,454 | 232,535 | |||||||||||
|
|
|||||||||||||
2,902,810 | ||||||||||||||
|
|
|||||||||||||
Isle Of Man 0.2% | ||||||||||||||
a |
GVC Holdings PLC |
Hotels, Restaurants & Leisure | 9,962 | 286,107 | ||||||||||
|
|
|||||||||||||
Italy 3.4% | ||||||||||||||
A2A SpA |
Multi-Utilities | 26,554 | 54,641 | |||||||||||
Amplifon SpA |
Health Care Providers & Services | 2,278 | 108,772 | |||||||||||
Assicurazioni Generali SpA |
Insurance | 21,658 | 461,599 | |||||||||||
a |
Atlantia SpA |
Transportation Infrastructure | 8,432 | 160,021 | ||||||||||
Banca Mediolanum SpA |
Diversified Financial Services | 4,488 | 48,633 | |||||||||||
Buzzi Unicem SpA |
Construction Materials | 1,360 | 31,121 | |||||||||||
Davide Campari-Milano NV |
Beverages | 8,500 | 119,986 | |||||||||||
De’ Longhi SpA |
Household Durables | 1,088 | 39,190 | |||||||||||
DiaSorin SpA |
Health Care Equipment & Supplies | 374 | 78,606 | |||||||||||
Enel SpA |
Electric Utilities | 132,770 | 1,023,415 | |||||||||||
Eni SpA |
Oil, Gas & Consumable Fuels | 42,636 | 570,522 | |||||||||||
Ferrari NV |
Automobiles | 2,074 | 434,943 | |||||||||||
a |
FinecoBank Banca Fineco SpA |
Banks | 10,438 | 189,562 | ||||||||||
Hera SpA |
Multi-Utilities | 14,178 | 58,102 | |||||||||||
b,c |
Infrastrutture Wireless Italiane SpA, 144A, Reg S |
Diversified Telecommunication Services | 6,256 | 69,865 | ||||||||||
Interpump Group SpA |
Machinery | 1,360 | 88,266 | |||||||||||
Intesa Sanpaolo SpA |
Banks | 281,282 | 799,821 | |||||||||||
Italgas Reti SpA |
Gas Utilities | 8,602 | 55,230 | |||||||||||
a |
Leonardo SpA |
Aerospace & Defense | 6,902 | 56,905 | ||||||||||
a |
Mediobanca Banca di Credito Finanziario SpA |
Banks | 11,832 | 143,160 |
franklintempleton.com |
Semiannual Report |
193 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Europe ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
Italy (continued) | ||||||||||||||
Moncler SpA |
Textiles, Apparel & Luxury Goods | 3,672 | $ | 225,635 | ||||||||||
a,b |
Nexi SpA, 144A |
IT Services | 9,928 | 185,938 | ||||||||||
b |
Pirelli & C SpA, 144A |
Auto Components | 7,990 | 47,041 | ||||||||||
b,c |
Poste Italiane SpA, 144A, Reg S |
Insurance | 7,854 | 108,591 | ||||||||||
Prysmian SpA |
Electrical Equipment | 4,318 | 151,732 | |||||||||||
Recordati Industria Chimica e Farmaceutica SpA |
Pharmaceuticals | 1,632 | 95,100 | |||||||||||
Reply SpA |
IT Services | 374 | 69,091 | |||||||||||
Snam SpA |
Gas Utilities | 37,502 | 208,448 | |||||||||||
Telecom Italia SpA/Milano |
Diversified Telecommunication Services | 182,614 | 71,831 | |||||||||||
Telecom Italia SpA/Milano, di Risp |
Diversified Telecommunication Services | 104,550 | 42,397 | |||||||||||
Tenaris SA |
Energy Equipment & Services | 8,024 | 84,550 | |||||||||||
Terna-Rete Elettrica Nazionale |
Electric Utilities | 23,902 | 169,975 | |||||||||||
UniCredit SpA |
Banks | 36,652 | 488,495 | |||||||||||
UnipolSai Assicurazioni SpA |
Insurance | 8,160 | 22,999 | |||||||||||
|
|
|||||||||||||
6,564,183 | ||||||||||||||
|
|
|||||||||||||
Luxembourg 0.4% | ||||||||||||||
ArcelorMittal SA |
Metals & Mining | 10,846 | 332,602 | |||||||||||
Aroundtown SA |
Real Estate Management & Development | 20,638 | 142,793 | |||||||||||
Eurofins Scientific SE |
Life Sciences Tools & Services | 2,074 | 266,422 | |||||||||||
a |
RTL Group SA |
Media | 646 | 38,669 | ||||||||||
|
|
|||||||||||||
780,486 | ||||||||||||||
|
|
|||||||||||||
Mexico 0.0%† | ||||||||||||||
Fresnillo PLC |
Metals & Mining | 3,230 | 34,031 | |||||||||||
|
|
|||||||||||||
Netherlands 9.2% | ||||||||||||||
Aalberts NV |
Machinery | 1,632 | 94,306 | |||||||||||
a,b |
ABN AMRO Bank NV, 144A |
Banks | 7,106 | 102,565 | ||||||||||
a,b |
Adyen NV, 144A |
IT Services | 496 | 1,388,237 | ||||||||||
Aegon NV |
Insurance | 30,158 | 156,129 | |||||||||||
Akzo Nobel NV |
Chemicals | 3,128 | 342,146 | |||||||||||
a |
Argenx SE |
Biotechnology | 850 | 255,635 | ||||||||||
ASM International NV |
Semiconductors & Semiconductor Equipment | 816 | 319,837 | |||||||||||
ASML Holding NV |
Semiconductors & Semiconductor Equipment | 6,732 | 5,039,345 | |||||||||||
ASR Nederland NV |
Insurance | 2,380 | 109,008 | |||||||||||
BE Semiconductor Industries NV |
Semiconductors & Semiconductor Equipment | 1,190 | 94,692 | |||||||||||
b |
CTP NV, 144A |
Real Estate Management & Development | 782 | 17,038 | ||||||||||
b,c |
Euronext NV, 144A, Reg S |
Capital Markets | 1,360 | 153,992 | ||||||||||
EXOR NV |
Diversified Financial Services | 1,802 | 152,288 | |||||||||||
a,b |
Grandvision NV, 144A |
Specialty Retail | 884 | 29,045 | ||||||||||
Heineken Holding NV |
Beverages | 1,802 | 157,154 | |||||||||||
Heineken NV |
Beverages | 4,080 | 426,512 | |||||||||||
IMCD Group NV |
Trading Companies & Distributors | 986 | 188,835 | |||||||||||
ING Groep NV |
Banks | 66,470 | 968,181 | |||||||||||
JDE Peet’s BV |
Food Products | 1,394 | 41,682 | |||||||||||
Koninklijke Ahold Delhaize NV |
Food & Staples Retailing | 16,626 | 553,686 | |||||||||||
Koninklijke DSM NV |
Chemicals | 2,788 | 558,182 | |||||||||||
Koninklijke KPN NV |
Diversified Telecommunication Services | 56,882 | 178,982 | |||||||||||
Koninklijke Philips NV |
Health Care Equipment & Supplies | 15,436 | 685,885 | |||||||||||
Koninklijke Vopak NV |
Oil, Gas & Consumable Fuels | 1,122 | 44,212 | |||||||||||
NN Group NV |
Insurance | 5,338 | 280,062 | |||||||||||
Prosus NV |
Internet & Direct Marketing Retail | 15,028 | 1,201,578 | |||||||||||
a |
QIAGEN NV |
Life Sciences Tools & Services | 3,774 | 195,906 | ||||||||||
Randstad NV |
Professional Services | 1,904 | 128,206 | |||||||||||
Royal Dutch Shell PLC, A |
Oil, Gas & Consumable Fuels | 69,632 | 1,553,852 | |||||||||||
Royal Dutch Shell PLC, B |
Oil, Gas & Consumable Fuels | 63,342 | 1,408,877 |
194 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Europe ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
Netherlands (continued) | ||||||||||||||
b |
Signify NV, 144A |
Electrical Equipment | 2,142 | $ | 107,119 | |||||||||
a |
Universal Music Group NV |
Entertainment | 12,784 | 342,472 | ||||||||||
Wolters Kluwer NV |
Professional Services | 4,488 | 476,341 | |||||||||||
|
|
|||||||||||||
17,751,987 | ||||||||||||||
|
|
|||||||||||||
Norway 1.2% | ||||||||||||||
a |
Adevinta ASA, B |
Interactive Media & Services | 4,522 | 77,704 | ||||||||||
Aker ASA |
Diversified Financial Services | 408 | 32,344 | |||||||||||
Aker BP ASA |
Oil, Gas & Consumable Fuels | 1,836 | 59,964 | |||||||||||
DNB Bank ASA |
Banks | 17,612 | 403,416 | |||||||||||
Equinor ASA |
Oil, Gas & Consumable Fuels | 16,524 | 421,465 | |||||||||||
Gjensidige Forsikring ASA |
Insurance | 2,822 | 62,652 | |||||||||||
Leroy Seafood Group ASA |
Food Products | 4,488 | 37,172 | |||||||||||
Mowi ASA |
Food Products | 7,310 | 185,990 | |||||||||||
Norsk Hydro ASA |
Metals & Mining | 22,882 | 171,748 | |||||||||||
Orkla ASA |
Food Products | 13,056 | 119,982 | |||||||||||
Salmar ASA |
Food Products | 884 | 58,898 | |||||||||||
b |
Scatec ASA, 144A |
Independent Power and Renewable Electricity Producers | 2,040 | 38,128 | ||||||||||
Schibsted ASA, A |
Media | 1,326 | 63,222 | |||||||||||
Schibsted ASA, B |
Media | 1,700 | 72,407 | |||||||||||
Telenor ASA |
Diversified Telecommunication Services | 10,880 | 183,592 | |||||||||||
Tomra Systems ASA |
Commercial Services & Supplies | 1,972 | 103,307 | |||||||||||
Yara International ASA |
Chemicals | 2,618 | 130,251 | |||||||||||
|
|
|||||||||||||
2,222,242 | ||||||||||||||
|
|
|||||||||||||
Poland 0.5% | ||||||||||||||
a,b |
Allegro.eu, 144A |
Internet & Direct Marketing Retail | 6,698 | 97,571 | ||||||||||
Bank Pekao SA |
Banks | 2,686 | 69,699 | |||||||||||
CD Projekt SA |
Entertainment | 1,054 | 50,905 | |||||||||||
Cyfrowy Polsat SA |
Media | 4,556 | 40,819 | |||||||||||
a,b |
Dino Polska SA, 144A |
Food & Staples Retailing | 816 | 68,259 | ||||||||||
a |
InPost SA |
Air Freight & Logistics | 3,434 | 56,872 | ||||||||||
KGHM Polska Miedz SA |
Metals & Mining | 2,380 | 94,481 | |||||||||||
LPP SA |
Textiles, Apparel & Luxury Goods | 19 | 70,809 | |||||||||||
Polski Koncern Naftowy Orlen SA |
Oil, Gas & Consumable Fuels | 5,304 | 109,546 | |||||||||||
Polskie Gornictwo Naftowe i Gazownictwo SA |
Oil, Gas & Consumable Fuels | 30,090 | 48,977 | |||||||||||
a |
Powszechna Kasa Oszczednosci Bank Polski SA |
Banks | 14,654 | 155,867 | ||||||||||
Powszechny Zaklad Ubezpieczen SA |
Insurance | 9,520 | 87,499 | |||||||||||
a |
Santander Bank Polska SA |
Banks | 510 | 38,553 | ||||||||||
|
|
|||||||||||||
989,857 | ||||||||||||||
|
|
|||||||||||||
Portugal 0.2% | ||||||||||||||
EDP-Energias de Portugal SA |
Electric Utilities | 48,348 | 254,110 | |||||||||||
Galp Energia SGPS SA, B |
Oil, Gas & Consumable Fuels | 8,840 | 100,402 | |||||||||||
Jeronimo Martins SGPS SA |
Food & Staples Retailing | 4,182 | 83,412 | |||||||||||
|
|
|||||||||||||
437,924 | ||||||||||||||
|
|
|||||||||||||
Russia 0.0%† | ||||||||||||||
Evraz PLC |
Metals & Mining | 9,826 | 78,751 | |||||||||||
|
|
|||||||||||||
Spain 3.8% | ||||||||||||||
Acciona SA |
Electric Utilities | 340 | 56,427 | |||||||||||
ACS Actividades de Construccion y Servicios SA |
Construction & Engineering | 3,672 | 99,795 | |||||||||||
a,b |
Aena SME SA, 144A |
Transportation Infrastructure | 1,156 | 200,024 |
franklintempleton.com |
Semiannual Report |
195 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Europe ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
Spain (continued) | ||||||||||||||
a |
Amadeus IT Group SA |
IT Services | 7,310 | $ | 481,883 | |||||||||
Banco Bilbao Vizcaya Argentaria SA |
Banks | 113,254 | 750,389 | |||||||||||
Banco Santander SA |
Banks | 292,128 | 1,061,899 | |||||||||||
Bankinter SA |
Banks | 11,764 | 69,097 | |||||||||||
CaixaBank SA |
Banks | 75,820 | 235,847 | |||||||||||
b |
Cellnex Telecom SA, 144A |
Diversified Telecommunication Services | 10,268 | 634,275 | ||||||||||
Corporacion Mapfre SA |
Insurance | 16,490 | 36,025 | |||||||||||
EDP Renovaveis SA |
Independent Power and Renewable Electricity Producers | 4,080 | 101,285 | |||||||||||
Enagas SA |
Gas Utilities | 4,250 | 94,595 | |||||||||||
Endesa SA |
Electric Utilities | 5,440 | 109,828 | |||||||||||
Ferrovial SA |
Construction & Engineering | 8,228 | 240,589 | |||||||||||
Fluidra SA |
Machinery | 1,734 | 69,231 | |||||||||||
Grifols SA |
Biotechnology | 5,678 | 138,717 | |||||||||||
Iberdrola SA |
Electric Utilities | 100,266 | 1,009,109 | |||||||||||
Industria de Diseno Textil SA |
Specialty Retail | 18,054 | 665,792 | |||||||||||
Inmobiliaria Colonial SA |
Equity Real Estate Investment Trusts (REITs | ) | 5,678 | 55,145 | ||||||||||
Linea Directa Aseguradora SA Cia de Seguros y Reaseguros |
Insurance | 12,206 | 24,091 | |||||||||||
Merlin Properties Socimi SA |
Equity Real Estate Investment Trusts (REITs | ) | 5,712 | 58,732 | ||||||||||
Naturgy Energy Group SA |
Gas Utilities | 5,100 | 128,557 | |||||||||||
Red Electrica Corp. SA |
Electric Utilities | 7,412 | 148,695 | |||||||||||
Repsol SA |
Oil, Gas & Consumable Fuels | 21,896 | 286,702 | |||||||||||
a |
Siemens Gamesa Renewable Energy SA |
Electrical Equipment | 3,876 | 98,916 | ||||||||||
Telefonica SA |
Diversified Telecommunication Services | 84,422 | 395,962 | |||||||||||
|
|
|||||||||||||
7,251,607 | ||||||||||||||
|
|
|||||||||||||
Sweden 5.7% | ||||||||||||||
Alfa Laval AB |
Machinery | 5,406 | 203,052 | |||||||||||
Assa Abloy AB, B |
Building Products | 15,572 | 455,134 | |||||||||||
Atlas Copco AB |
Machinery | 6,494 | 332,919 | |||||||||||
Atlas Copco AB, A |
Machinery | 10,812 | 657,726 | |||||||||||
Beijer Ref AB |
Trading Companies & Distributors | 4,182 | 83,367 | |||||||||||
Boliden AB |
Metals & Mining | 4,692 | 151,402 | |||||||||||
Castellum AB |
Real Estate Management & Development | 3,502 | 85,863 | |||||||||||
Electrolux AB, B |
Household Durables | 3,910 | 90,414 | |||||||||||
Elekta AB, B |
Health Care Equipment & Supplies | 6,222 | 69,940 | |||||||||||
Epiroc AB, A |
Machinery | 10,676 | 222,098 | |||||||||||
Epiroc AB, B |
Machinery | 6,494 | 115,687 | |||||||||||
EQT AB |
Capital Markets | 4,862 | 203,404 | |||||||||||
Ericsson, B |
Communications Equipment | 51,544 | 583,869 | |||||||||||
Essity AB, B |
Household Products | 10,438 | 324,526 | |||||||||||
b,c |
Evolution Gaming Group AB, 144A, Reg S |
Hotels, Restaurants & Leisure | 2,754 | 420,125 | ||||||||||
a |
Fastighets AB Balder, B |
Real Estate Management & Development | 1,700 | 102,561 | ||||||||||
Getinge AB, B |
Health Care Equipment & Supplies | 3,842 | 153,618 | |||||||||||
a |
Hennes & Mauritz AB, B |
Specialty Retail | 15,062 | 307,075 | ||||||||||
Hexagon AB, B |
Electronic Equipment, Instruments & Components | 30,192 | 469,175 | |||||||||||
Holmen AB, B |
Paper & Forest Products | 1,632 | 72,025 | |||||||||||
Husqvarna AB, A |
Household Durables | 442 | 5,315 | |||||||||||
Husqvarna AB, B |
Household Durables | 7,072 | 84,919 | |||||||||||
ICA Gruppen AB |
Food & Staples Retailing | 1,326 | 60,946 | |||||||||||
Industrivarden AB, A |
Diversified Financial Services | 3,570 | 114,749 | |||||||||||
Industrivarden AB, C |
Diversified Financial Services | 2,856 | 88,796 | |||||||||||
Indutrade AB |
Machinery | 4,794 | 133,925 | |||||||||||
Investment AB Latour, B |
Industrial Conglomerates | 2,414 | 75,164 |
196 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Europe ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
Sweden (continued) | ||||||||||||||
Investor AB, A |
Diversified Financial Services | 9,112 | $ | 198,143 | ||||||||||
Investor AB, B |
Diversified Financial Services | 30,770 | 665,235 | |||||||||||
a |
Kinnevik AB, A |
Diversified Financial Services | 272 | 10,695 | ||||||||||
a |
Kinnevik AB, B |
Diversified Financial Services | 4,114 | 145,378 | ||||||||||
L E Lundbergforetagen AB, B |
Diversified Financial Services | 1,292 | 71,271 | |||||||||||
Lifco AB, B |
Industrial Conglomerates | 3,910 | 105,476 | |||||||||||
Lundin Energy AB |
Oil, Gas & Consumable Fuels | 3,230 | 120,656 | |||||||||||
Nibe Industrier AB, B |
Building Products | 20,604 | 260,596 | |||||||||||
Saab AB, B |
Aerospace & Defense | 1,632 | 46,412 | |||||||||||
Sagax AB, B |
Real Estate Management & Development | 2,924 | 91,511 | |||||||||||
Sagax AB, D |
Real Estate Management & Development | 2,040 | 7,508 | |||||||||||
Sandvik AB |
Machinery | 18,088 | 415,990 | |||||||||||
Securitas AB, B |
Commercial Services & Supplies | 5,270 | 83,762 | |||||||||||
a,b |
Sinch AB, 144A |
Software | 8,840 | 172,889 | ||||||||||
Skandinaviska Enskilda Banken AB, A |
Banks | 23,970 | 339,471 | |||||||||||
Skandinaviska Enskilda Banken AB, C |
Banks | 374 | 5,395 | |||||||||||
Skanska AB, B |
Construction & Engineering | 6,154 | 155,247 | |||||||||||
SKF AB, B |
Machinery | 6,562 | 155,714 | |||||||||||
Svenska Cellulosa AB, A |
Paper & Forest Products | 408 | 6,361 | |||||||||||
Svenska Cellulosa AB, B |
Paper & Forest Products | 10,166 | 158,500 | |||||||||||
Svenska Handelsbanken AB, A |
Banks | 24,616 | 276,645 | |||||||||||
Svenska Handelsbanken AB, B |
Banks | 646 | 7,945 | |||||||||||
Sweco AB, B |
Construction & Engineering | 3,400 | 53,710 | |||||||||||
Swedbank AB, A |
Banks | 17,238 | 349,349 | |||||||||||
Swedish Match AB |
Tobacco | 26,078 | 228,511 | |||||||||||
a |
Swedish Orphan Biovitrum AB |
Biotechnology | 3,060 | 82,791 | ||||||||||
Tele2 AB, B |
Wireless Telecommunication Services | 8,568 | 127,170 | |||||||||||
Telefonaktiebolaget LM Ericsson, A |
Communications Equipment | 646 | 7,369 | |||||||||||
Telia Co. AB |
Diversified Telecommunication Services | 44,132 | 182,232 | |||||||||||
Trelleborg AB, B |
Machinery | 4,148 | 88,758 | |||||||||||
Volvo AB, A |
Machinery | 3,536 | 80,351 | |||||||||||
Volvo AB, B |
Machinery | 25,942 | 584,340 | |||||||||||
|
|
|||||||||||||
10,953,175 | ||||||||||||||
|
|
|||||||||||||
Switzerland 15.1% | ||||||||||||||
ABB Ltd. |
Electrical Equipment | 28,968 | 974,761 | |||||||||||
Adecco Group AG |
Professional Services | 2,618 | 131,959 | |||||||||||
Alcon Inc. |
Health Care Equipment & Supplies | 7,888 | 642,980 | |||||||||||
Baloise Holding AG |
Insurance | 782 | 119,289 | |||||||||||
Banque Cantonale Vaudoise |
Banks | 476 | 36,280 | |||||||||||
Barry Callebaut AG |
Food Products | 68 | 154,537 | |||||||||||
BKW AG |
Electric Utilities | 306 | 33,131 | |||||||||||
Chocoladefabriken Lindt & Spruengli AG |
Food Products | 36 | 402,123 | |||||||||||
Cie Financiere Richemont SA |
Textiles, Apparel & Luxury Goods | 8,704 | 908,982 | |||||||||||
Clariant AG |
Chemicals | 3,910 | 73,874 | |||||||||||
Coca-Cola HBC AG |
Beverages | 3,366 | 108,880 | |||||||||||
Credit Suisse Group AG |
Capital Markets | 40,800 | 406,491 | |||||||||||
DKSH Holding AG |
Professional Services | 612 | 48,056 | |||||||||||
EMS-Chemie Holding AG |
Chemicals | 102 | 96,659 | |||||||||||
a |
Flughafen Zurich AG |
Transportation Infrastructure | 340 | 60,867 | ||||||||||
Geberit AG |
Building Products | 578 | 426,909 | |||||||||||
Georg Fischer AG |
Machinery | 68 | 101,324 | |||||||||||
Givaudan AG |
Chemicals | 159 | 726,438 | |||||||||||
Glencore PLC |
Metals & Mining | 225,692 | 1,070,721 | |||||||||||
Helvetia Holding AG |
Insurance | 612 | 66,852 | |||||||||||
Julius Baer Group Ltd. |
Capital Markets | 3,706 | 247,583 | |||||||||||
Kuehne + Nagel International AG |
Marine | 850 | 291,033 |
franklintempleton.com |
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197 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Europe ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
Switzerland (continued) | ||||||||||||||
LafargeHolcim Ltd., B |
Construction Materials | 9,350 | $ | 452,440 | ||||||||||
Logitech International SA |
Technology Hardware, Storage & Peripherals | 2,516 | 224,561 | |||||||||||
Lonza Group AG |
Life Sciences Tools & Services | 1,258 | 946,147 | |||||||||||
a,b |
Medmix AG, 144A |
Health Care Equipment & Supplies | 306 | 14,433 | ||||||||||
Nestle SA |
Food Products | 48,178 | 5,820,508 | |||||||||||
Novartis AG |
Pharmaceuticals | 36,108 | 2,973,873 | |||||||||||
OC Oerlikon Corp. AG |
Machinery | 3,366 | 36,949 | |||||||||||
Partners Group Holding AG |
Capital Markets | 374 | 587,952 | |||||||||||
PSP Swiss Property AG |
Real Estate Management & Development | 748 | 90,288 | |||||||||||
Roche Holding AG |
Pharmaceuticals | 442 | 182,135 | |||||||||||
Roche Holding AG |
Pharmaceuticals | 11,832 | 4,337,195 | |||||||||||
Schindler Holding AG |
Machinery | 306 | 79,186 | |||||||||||
Schindler Holding AG, PC |
Machinery | 680 | 183,112 | |||||||||||
SGS SA |
Professional Services | 102 | 298,067 | |||||||||||
SIG Combibloc Group AG |
Containers & Packaging | 5,474 | 146,232 | |||||||||||
Sika AG |
Chemicals | 2,414 | 768,050 | |||||||||||
Sonova Holding AG |
Health Care Equipment & Supplies | 884 | 336,599 | |||||||||||
STMicroelectronics NV |
Semiconductors & Semiconductor Equipment | 10,880 | 476,193 | |||||||||||
Straumann Holding AG |
Health Care Equipment & Supplies | 170 | 306,796 | |||||||||||
Sulzer AG |
Machinery | 306 | 29,260 | |||||||||||
Swatch Group AG |
Textiles, Apparel & Luxury Goods | 476 | 125,270 | |||||||||||
Swatch Group AG |
Textiles, Apparel & Luxury Goods | 782 | 40,406 | |||||||||||
Swiss Life Holding AG |
Insurance | 510 | 258,868 | |||||||||||
Swiss Prime Site AG |
Real Estate Management & Development | 1,292 | 126,589 | |||||||||||
Swiss Re AG |
Insurance | 4,964 | 426,451 | |||||||||||
Swisscom AG |
Diversified Telecommunication Services | 408 | 235,042 | |||||||||||
Tecan Group AG |
Life Sciences Tools & Services | 204 | 116,231 | |||||||||||
Temenos AG |
Software | 1,054 | 143,607 | |||||||||||
UBS Group AG |
Capital Markets | 55,386 | 890,593 | |||||||||||
b,c |
VAT Group AG, 144A, Reg S |
Machinery | 442 | 175,407 | ||||||||||
Vifor Pharma AG |
Pharmaceuticals | 884 | 115,137 | |||||||||||
Zurich Insurance Group AG |
Insurance | 2,516 | 1,034,612 | |||||||||||
|
|
|||||||||||||
29,107,918 | ||||||||||||||
|
|
|||||||||||||
United Kingdom 19.5% | ||||||||||||||
3i Group PLC |
Capital Markets | 16,354 | 282,583 | |||||||||||
Abrdn PLC |
Capital Markets | 36,652 | 126,317 | |||||||||||
Admiral Group PLC |
Insurance | 3,570 | 149,607 | |||||||||||
Anglo American PLC |
Metals & Mining | 20,944 | 740,590 | |||||||||||
Ashmore Group PLC |
Capital Markets | 7,922 | 36,382 | |||||||||||
Ashtead Group PLC |
Trading Companies & Distributors | 7,548 | 574,613 | |||||||||||
Associated British Foods PLC |
Food Products | 5,984 | 150,075 | |||||||||||
AstraZeneca PLC |
Pharmaceuticals | 26,350 | 3,182,691 | |||||||||||
b |
Auto Trader Group PLC, 144A |
Interactive Media & Services | 16,218 | 128,756 | ||||||||||
AVEVA Group PLC |
Software | 1,904 | 92,421 | |||||||||||
Aviva PLC |
Insurance | 67,320 | 359,362 | |||||||||||
B&M European Value Retail SA |
Multiline Retail | 15,198 | 121,027 | |||||||||||
BAE Systems PLC |
Aerospace & Defense | 55,250 | 421,053 | |||||||||||
Barclays PLC |
Banks | 286,688 | 732,910 | |||||||||||
Barratt Developments PLC |
Household Durables | 17,408 | 155,010 | |||||||||||
Bellway PLC |
Household Durables | 2,108 | 93,200 | |||||||||||
Berkeley Group Holdings PLC |
Household Durables | 1,726 | 101,515 | |||||||||||
BHP Group PLC |
Metals & Mining | 35,462 | 902,847 | |||||||||||
BP PLC |
Oil, Gas & Consumable Fuels | 337,722 | 1,549,616 | |||||||||||
British American Tobacco PLC |
Tobacco | 38,726 | 1,359,710 | |||||||||||
British Land Co. PLC |
Equity Real Estate Investment Trusts (REITs | ) | 15,776 | 105,337 |
198 |
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franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Europe ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
United Kingdom (continued) | ||||||||||||||
a |
BT Group PLC |
Diversified Telecommunication Services | 128,214 | $ | 276,258 | |||||||||
Bunzl PLC |
Trading Companies & Distributors | 5,780 | 191,330 | |||||||||||
Burberry Group PLC |
Textiles, Apparel & Luxury Goods | 6,902 | 168,910 | |||||||||||
a |
Centrica PLC |
Multi-Utilities | 101,558 | 77,615 | ||||||||||
a |
CNH Industrial NV |
Machinery | 16,932 | 288,463 | ||||||||||
a |
Compass Group PLC |
Hotels, Restaurants & Leisure | 30,634 | 629,494 | ||||||||||
b |
ConvaTec Group PLC, 144A |
Health Care Equipment & Supplies | 27,574 | 80,308 | ||||||||||
Croda International PLC |
Chemicals | 2,312 | 266,349 | |||||||||||
Dechra Pharmaceuticals PLC |
Pharmaceuticals | 1,802 | 117,842 | |||||||||||
Derwent London PLC |
Equity Real Estate Investment Trusts (REITs | ) | 1,700 | 79,264 | ||||||||||
Diageo PLC |
Beverages | 39,032 | 1,897,795 | |||||||||||
Direct Line Insurance Group PLC |
Insurance | 23,460 | 91,607 | |||||||||||
a |
Dr. Martens PLC |
Textiles, Apparel & Luxury Goods | 6,936 | 36,847 | ||||||||||
DS Smith PLC |
Containers & Packaging | 21,930 | 122,092 | |||||||||||
a |
easyJet PLC |
Airlines | 6,376 | 56,981 | ||||||||||
Electrocomponents PLC |
Trading Companies & Distributors | 8,024 | 116,631 | |||||||||||
Ferguson PLC |
Trading Companies & Distributors | 3,808 | 530,652 | |||||||||||
GlaxoSmithKline PLC |
Pharmaceuticals | 84,354 | 1,596,437 | |||||||||||
Halma PLC |
Electronic Equipment, Instruments & Components | 6,528 | 250,154 | |||||||||||
Hargreaves Lansdown PLC |
Capital Markets | 6,494 | 125,345 | |||||||||||
Hikma Pharmaceuticals PLC |
Pharmaceuticals | 2,890 | 95,470 | |||||||||||
HomeServe PLC |
Commercial Services & Supplies | 4,658 | 56,808 | |||||||||||
Howden Joinery Group PLC |
Trading Companies & Distributors | 9,792 | 118,273 | |||||||||||
HSBC Holdings PLC |
Banks | 347,344 | 1,826,766 | |||||||||||
IMI PLC |
Machinery | 4,216 | 94,365 | |||||||||||
Imperial Brands PLC |
Tobacco | 16,184 | 340,091 | |||||||||||
a |
Informa PLC |
Media | 25,704 | 190,411 | ||||||||||
a |
InterContinental Hotels Group PLC |
Hotels, Restaurants & Leisure | 3,128 | 200,591 | ||||||||||
Intermediate Capital Group PLC |
Capital Markets | 4,760 | 131,251 | |||||||||||
a |
International Consolidated Airlines Group SA |
Airlines | 19,451 | 46,815 | ||||||||||
Intertek Group PLC |
Professional Services | 2,652 | 177,969 | |||||||||||
a |
ITV PLC |
Media | 64,498 | 92,706 | ||||||||||
J Sainsbury PLC |
Food & Staples Retailing | 27,982 | 107,680 | |||||||||||
JD Sports Fashion PLC |
Specialty Retail | 7,786 | 110,074 | |||||||||||
Johnson Matthey PLC |
Chemicals | 3,298 | 119,398 | |||||||||||
a,b,c |
Just Eat Takeaway.com NV, 144A, Reg S |
Internet & Direct Marketing Retail | 3,094 | 226,048 | ||||||||||
Kingfisher PLC |
Specialty Retail | 36,278 | 164,600 | |||||||||||
Land Securities Group PLC |
Equity Real Estate Investment Trusts (REITs | ) | 12,240 | 115,032 | ||||||||||
Legal & General Group PLC |
Insurance | 101,830 | 385,957 | |||||||||||
Lloyds Banking Group PLC |
Banks | 1,208,190 | 758,655 | |||||||||||
London Stock Exchange Group PLC |
Capital Markets | 6,222 | 625,013 | |||||||||||
M&G PLC |
Diversified Financial Services | 44,676 | 122,646 | |||||||||||
a |
Meggitt PLC |
Aerospace & Defense | 13,396 | 133,374 | ||||||||||
Melrose Industries PLC |
Industrial Conglomerates | 74,419 | 174,647 | |||||||||||
Mondi PLC |
Paper & Forest Products | 8,330 | 205,485 | |||||||||||
National Grid PLC |
Multi-Utilities | 60,180 | 717,797 | |||||||||||
Natwest Group PLC |
Banks | 90,610 | 274,769 | |||||||||||
Next PLC |
Multiline Retail | 2,176 | 240,941 | |||||||||||
a |
NMC Health PLC |
Health Care Providers & Services | 1,159 | — | ||||||||||
a |
Ocado Group PLC |
Food & Staples Retailing | 8,330 | 186,728 | ||||||||||
Pearson PLC |
Media | 12,886 | 123,674 | |||||||||||
Pennon Group PLC |
Water Utilities | 4,782 | 73,054 | |||||||||||
Persimmon PLC |
Household Durables | 5,440 | 195,698 | |||||||||||
Phoenix Group Holdings PLC |
Insurance | 10,200 | 88,790 | |||||||||||
Prudential PLC |
Insurance | 44,336 | 869,806 | |||||||||||
b |
Quilter PLC, 144A |
Capital Markets | 30,498 | 58,599 |
franklintempleton.com |
Semiannual Report |
199 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Europe ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and
Other Equity Interests (continued) |
||||||||||||||
United Kingdom (continued) | ||||||||||||||
Reckitt Benckiser Group PLC |
Household Products | 10,846 | $ | 852,591 | ||||||||||
RELX PLC |
Professional Services | 31,688 | 917,339 | |||||||||||
Renishaw PLC |
Electronic Equipment, Instruments & Components | 578 | 37,003 | |||||||||||
Rentokil Initial PLC |
Commercial Services & Supplies | 31,892 | 250,957 | |||||||||||
Rightmove PLC |
Interactive Media & Services | 14,892 | 137,224 | |||||||||||
a |
Rolls-Royce Holdings PLC |
Aerospace & Defense | 143,072 | 270,346 | ||||||||||
Royal Mail PLC |
Air Freight & Logistics | 15,640 | 88,823 | |||||||||||
Schroders PLC |
Capital Markets | 1,938 | 93,941 | |||||||||||
Segro PLC |
Equity Real Estate Investment Trusts (REITs | ) | 20,434 | 329,249 | ||||||||||
Severn Trent PLC |
Water Utilities | 4,352 | 152,803 | |||||||||||
Smith & Nephew PLC |
Health Care Equipment & Supplies | 15,028 | 260,785 | |||||||||||
Smiths Group PLC |
Industrial Conglomerates | 6,800 | 132,122 | |||||||||||
Spirax-Sarco Engineering PLC |
Machinery | 1,258 | 253,925 | |||||||||||
SSE PLC |
Electric Utilities | 17,884 | 378,829 | |||||||||||
St. James’s Place Capital PLC |
Capital Markets | 9,078 | 184,462 | |||||||||||
Standard Chartered PLC |
Banks | 43,180 | 253,847 | |||||||||||
Tate & Lyle PLC |
Food Products | 8,024 | 74,847 | |||||||||||
Taylor Wimpey PLC |
Household Durables | 62,186 | 130,636 | |||||||||||
a |
TechnipFMC PLC |
Energy Equipment & Services | 7,888 | 59,897 | ||||||||||
Tesco PLC |
Food & Staples Retailing | 128,452 | 438,711 | |||||||||||
The Sage Group PLC |
Software | 17,782 | 170,136 | |||||||||||
a |
THG PLC |
Internet & Direct Marketing Retail | 17,472 | 119,441 | ||||||||||
Travis Perkins PLC |
Trading Companies & Distributors | 3,842 | 79,519 | |||||||||||
Unilever PLC |
Personal Products | 43,962 | 2,374,011 | |||||||||||
United Utilities Group PLC |
Water Utilities | 11,730 | 153,164 | |||||||||||
Vodafone Group PLC |
Wireless Telecommunication Services | 472,430 | 721,722 | |||||||||||
a |
Weir Group PLC |
Machinery | 4,488 | 102,359 | ||||||||||
a |
Whitbread PLC |
Hotels, Restaurants & Leisure | 3,468 | 155,059 | ||||||||||
Wickes Group PLC |
Specialty Retail | 4,420 | 13,564 | |||||||||||
William Morrison Supermarkets PLC |
Food & Staples Retailing | 38,148 | 151,482 | |||||||||||
WPP PLC |
Media | 19,788 | 266,945 | |||||||||||
|
|
|||||||||||||
37,421,716 | ||||||||||||||
|
|
|||||||||||||
United States 0.4% | ||||||||||||||
Stellantis NV |
Automobiles | 34,680 | 664,059 | |||||||||||
|
|
|||||||||||||
Total
Common Stocks and Other Equity Interests |
189,619,953 | |||||||||||||
|
|
|||||||||||||
Preferred Stocks 0.9% | ||||||||||||||
Germany 0.9% | ||||||||||||||
d |
Bayerische Motoren Werke AG, 2.909%, pfd. |
Automobiles | 986 | 75,420 | ||||||||||
d |
Fuchs Petrolub SE, 2.449%, pfd. |
Chemicals | 1,190 | 55,745 | ||||||||||
d |
Henkel AG & Co. KGaA, 2.307%, pfd. |
Household Products | 2,992 | 278,031 | ||||||||||
d |
Porsche Automobil Holding SE, 2.572%, pfd. |
Automobiles | 2,618 | 260,753 | ||||||||||
d |
Sartorius AG, 0.129%, pfd. |
Health Care Equipment & Supplies | 408 | 259,974 | ||||||||||
d |
Volkswagen AG, 2.510%, pfd. |
Automobiles | 3,128 | 701,983 | ||||||||||
|
|
|||||||||||||
Total Preferred Stocks (Cost $1,217,223) |
1,631,906 | |||||||||||||
|
|
200 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Europe ETF (continued)
Industry | Shares | Value | ||||||||||||
Rights 0.0%† | ||||||||||||||
France 0.0%† | ||||||||||||||
a |
Veolia Environnement SA, rts., 10/5/21 |
Multi-Utilities | 8,874 | $ | 7,384 | |||||||||
|
|
|||||||||||||
Germany 0.0%† | ||||||||||||||
a |
Deutsche Lufthansa AG, rts., 10/5/21 |
Airlines | 5,100 | 12,117 | ||||||||||
|
|
|||||||||||||
Total Rights (Cost $26,067) |
19,501 | |||||||||||||
|
|
|||||||||||||
Total Investments (Cost $156,241,384) 99.5% |
191,271,360 | |||||||||||||
Other Assets, less Liabilities 0.5% |
1,050,018 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 192,321,378 | ||||||||||||
|
|
†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, 2021, the aggregate value of these securities was $7,080,906, representing 3.7% of net assets.
cSecurity was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. At September 30, 2021, the aggregate value of these securities was $1,802,427, representing 0.9% of net assets.
dVariable rate security. The rate shown represents the yield at period end.
At September 30, 2021, 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 | ||||||||||||||||||||
EURO STOXX 50 Index |
Long | 12 | $ | 562,972 | 12/17/21 | $ | (15,209 | ) | ||||||||||||
FTSE 100 Index |
Long | 2 | 190,751 | 12/17/21 | 2,222 | |||||||||||||||
|
|
|||||||||||||||||||
Total Futures Contracts |
|
$ | (12,987 | ) | ||||||||||||||||
|
|
*As of period end.
See Note 8 regarding other derivative information.
See Abbreviations on page 339.
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
201 |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE Europe Hedged ETF
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March, 31 | |||||||||||||||||||
2021 | 2020 | 2019 | 2018a | |||||||||||||||||
Per share operating
performance (for a share outstanding throughout the period) |
| |||||||||||||||||||
Net asset value, beginning of period |
$ | 25.72 | $ | 19.15 | $ | 22.81 | $ | 23.88 | $ | 25.05 | ||||||||||
|
|
|||||||||||||||||||
Income from investment operationsb: |
| |||||||||||||||||||
Net investment incomec |
0.49 | 0.59 | 0.73 | 0.79 | 0.25 | |||||||||||||||
Net realized and unrealized gains (losses) |
1.48 | 6.45 | (2.92 | ) | 0.62 | (1.40 | ) | |||||||||||||
|
|
|||||||||||||||||||
Total from investment operations |
1.97 | 7.04 | (2.19 | ) | 1.41 | (1.15 | ) | |||||||||||||
|
|
|||||||||||||||||||
Less distributions from: |
| |||||||||||||||||||
Net investment income |
(0.15 | ) | (0.47 | ) | (1.47 | ) | (0.38 | ) | (0.02 | ) | ||||||||||
Net realized gains |
— | — | — | (2.10 | ) | — | d | |||||||||||||
|
|
|||||||||||||||||||
Total Distributions |
(0.15 | ) | (0.47 | ) | (1.47 | ) | (2.48 | ) | (0.02 | ) | ||||||||||
|
|
|||||||||||||||||||
Net asset value, end of period |
$ | 27.54 | $ | 25.72 | $ | 19.15 | $ | 22.81 | $ | 23.88 | ||||||||||
|
|
|||||||||||||||||||
Total returne |
7.65% | 36.92% | (10.67)% | 6.98% | (4.61)% | |||||||||||||||
Ratios to average net assetsf |
| |||||||||||||||||||
Expenses before waiver and payments by affiliates |
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% | —% | |||||||||||||||
Net investment income |
3.57% | 2.58% | 3.10% | 3.28% | 2.47% | |||||||||||||||
Supplemental data |
| |||||||||||||||||||
Net assets, end of period (000’s) |
$16,521 | $15,429 | $3,831 | $4,563 | $33,428 | |||||||||||||||
Portfolio turnover rateg |
5.59% | h | 12.87% | h | 14.81% | h | 26.81% | 5.33% |
aFor the period November 2, 2017 (commencement of operations) to March 31, 2018.
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.
dAmount rounds to less than $0.001 per share.
eTotal 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.
fRatios are annualized for periods less than one year.
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: | 5.59% | 12.87% | 14.81% |
202 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Statement of Investments, September 30, 2021 (unaudited)
Franklin FTSE Europe Hedged ETF
Industry | Shares | Value | ||||||||||||
Common Stocks and Other
Equity Interests 98.6% |
||||||||||||||
Australia 0.6% | ||||||||||||||
Rio Tinto PLC |
Metals & Mining | 1,590 | $ | 105,339 | ||||||||||
|
|
|||||||||||||
Austria 0.4% | ||||||||||||||
a |
ams AG |
Semiconductors & Semiconductor Equipment | 360 | 6,582 | ||||||||||
Andritz AG |
Machinery | 102 | 5,589 | |||||||||||
Erste Group Bank AG |
Banks | 417 | 18,394 | |||||||||||
OMV AG |
Oil, Gas & Consumable Fuels | 210 | 12,699 | |||||||||||
Raiffeisen Bank International AG |
Banks | 195 | 5,126 | |||||||||||
Telekom Austria AG |
Diversified Telecommunication Services | 192 | 1,660 | |||||||||||
Verbund AG |
Electric Utilities | 96 | 9,757 | |||||||||||
Voestalpine AG |
Metals & Mining | 165 | 6,127 | |||||||||||
|
|
|||||||||||||
65,934 | ||||||||||||||
|
|
|||||||||||||
Belgium 1.4% | ||||||||||||||
Ackermans & van Haaren NV |
Diversified Financial Services | 33 | 5,695 | |||||||||||
Ageas SA/NV |
Insurance | 258 | 12,803 | |||||||||||
Anheuser-Busch InBev SA/NV |
Beverages | 1,227 | 69,886 | |||||||||||
Colruyt SA |
Food & Staples Retailing | 73 | 3,722 | |||||||||||
D’ieteren Group |
Distributors | 33 | 4,857 | |||||||||||
Elia Group SA/NV |
Electric Utilities | 51 | 6,100 | |||||||||||
a |
Galapagos NV |
Biotechnology | 69 | 3,611 | ||||||||||
Groupe Bruxelles Lambert SA |
Diversified Financial Services | 153 | 16,859 | |||||||||||
KBC Groep NV |
Banks | 402 | 36,359 | |||||||||||
Proximus SADP |
Diversified Telecommunication Services | 201 | 3,993 | |||||||||||
Sofina SA |
Diversified Financial Services | 21 | 8,353 | |||||||||||
Solvay SA |
Chemicals | 102 | 12,726 | |||||||||||
Telenet Group Holding NV |
Media | 66 | 2,521 | |||||||||||
UCB SA |
Pharmaceuticals | 177 | 19,857 | |||||||||||
Umicore SA |
Chemicals | 300 | 17,815 | |||||||||||
Warehouses De Pauw CVA |
Equity Real Estate Investment Trusts (REITs | ) | 207 | 8,397 | ||||||||||
|
|
|||||||||||||
233,554 | ||||||||||||||
|
|
|||||||||||||
Bermuda 0.0%† | ||||||||||||||
a |
Hiscox Ltd. |
Insurance | 501 | 5,672 | ||||||||||
|
|
|||||||||||||
Chile 0.1% | ||||||||||||||
Antofagasta PLC |
Metals & Mining | 498 | 9,146 | |||||||||||
|
|
|||||||||||||
Cyprus 0.1% | ||||||||||||||
Polymetal International PLC |
Metals & Mining | 519 | 8,803 | |||||||||||
|
|
|||||||||||||
Czech Republic 0.0%† | ||||||||||||||
b |
Avast PLC, 144A |
Software | 822 | 6,293 | ||||||||||
|
|
|||||||||||||
Denmark 3.9% | ||||||||||||||
Ambu AS, B |
Health Care Equipment & Supplies | 255 | 7,545 | |||||||||||
AP Moeller – Maersk A/S, B |
Marine | 8 | 21,677 | |||||||||||
AP Moller – Maersk A/S, A |
Marine | 6 | 15,477 | |||||||||||
Carlsberg AS, B |
Beverages | 144 | 23,554 | |||||||||||
Chr. Hansen Holding AS |
Chemicals | 153 | 12,505 | |||||||||||
Coloplast AS, B |
Health Care Equipment & Supplies | 195 | 30,590 | |||||||||||
Danske Bank AS |
Banks | 972 | 16,430 | |||||||||||
DSV AS |
Air Freight & Logistics | 288 | 69,149 | |||||||||||
a |
Genmab A/S |
Biotechnology | 87 | 38,089 | ||||||||||
GN Store Nord AS |
Health Care Equipment & Supplies | 189 | 13,111 | |||||||||||
H. Lundbeck AS |
Pharmaceuticals | 87 | 2,365 | |||||||||||
Novo Nordisk AS, B |
Pharmaceuticals | 2,325 | 225,176 | |||||||||||
Novozymes AS |
Chemicals | 288 | 19,750 | |||||||||||
b |
Orsted AS, 144A |
Electric Utilities | 276 | 36,513 |
franklintempleton.com |
Semiannual Report |
203 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Europe Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and Other
Equity Interests (continued) |
||||||||||||||
Denmark (continued) | ||||||||||||||
Pandora AS |
Textiles, Apparel & Luxury Goods | 141 | $ | 17,141 | ||||||||||
Rockwool International AS, B |
Building Products | 9 | 3,863 | |||||||||||
Royal Unibrew A/S |
Beverages | 69 | 8,324 | |||||||||||
SimCorp A/S |
Software | 57 | 6,750 | |||||||||||
Tryg AS |
Insurance | 450 | 10,233 | |||||||||||
Vestas Wind Systems A/S |
Electrical Equipment | 1,476 | 59,237 | |||||||||||
a |
William Demant Holding AS |
Health Care Equipment & Supplies | 156 | 7,868 | ||||||||||
|
|
|||||||||||||
645,347 | ||||||||||||||
|
|
|||||||||||||
Finland 2.2% | ||||||||||||||
Elisa OYJ |
Diversified Telecommunication Services | 210 | 13,055 | |||||||||||
c |
Fortum OYJ, Reg S |
Electric Utilities | 630 | 19,195 | ||||||||||
Huhtamaki OYJ |
Containers & Packaging | 132 | 5,966 | |||||||||||
Kesko OYJ |
Food & Staples Retailing | 390 | 13,488 | |||||||||||
Kojamo Oyj |
Real Estate Management & Development | 291 | 6,040 | |||||||||||
Kone OYJ, B |
Machinery | 576 | 40,574 | |||||||||||
Metso Outotec Oyj |
Machinery | 885 | 8,117 | |||||||||||
Neste Oil OYJ |
Oil, Gas & Consumable Fuels | 609 | 34,563 | |||||||||||
a |
Nokia OYJ |
Communications Equipment | 8,244 | 45,469 | ||||||||||
Nokian Renkaat OYJ |
Auto Components | 201 | 7,224 | |||||||||||
Nordea Bank Abp |
Banks | 5,196 | 67,698 | |||||||||||
Orion OYJ |
Pharmaceuticals | 153 | 6,073 | |||||||||||
Sampo OYJ, A |
Insurance | 741 | 36,850 | |||||||||||
Stora Enso OYJ, R |
Paper & Forest Products | 834 | 13,982 | |||||||||||
UPM-Kymmene OYJ |
Paper & Forest Products | 780 | 27,761 | |||||||||||
Valmet Oyj |
Machinery | 192 | 6,974 | |||||||||||
Wartsila OYJ ABP |
Machinery | 717 | 8,605 | |||||||||||
|
|
|||||||||||||
361,634 | ||||||||||||||
|
|
|||||||||||||
France 15.8% | ||||||||||||||
a |
Accor SA |
Hotels, Restaurants & Leisure | 267 | 9,577 | ||||||||||
a |
Aeroports de Paris SA |
Transportation Infrastructure | 42 | 5,384 | ||||||||||
Air Liquide SA |
Chemicals | 681 | 109,374 | |||||||||||
a |
Airbus SE |
Aerospace & Defense | 813 | 108,450 | ||||||||||
b |
ALD SA, 144A |
Road & Rail | 117 | 1,600 | ||||||||||
Alstom SA |
Machinery | 435 | 16,561 | |||||||||||
b |
Amundi SA, 144A |
Capital Markets | 84 | 7,097 | ||||||||||
Arkema SA |
Chemicals | 96 | 12,739 | |||||||||||
Atos SE |
IT Services | 141 | 7,541 | |||||||||||
AXA SA |
Insurance | 2,814 | 78,548 | |||||||||||
Biomerieux |
Health Care Equipment & Supplies | 63 | 7,196 | |||||||||||
BNP Paribas SA |
Banks | 1,584 | 101,775 | |||||||||||
Bollore |
Entertainment | 1,461 | 8,475 | |||||||||||
Bouygues SA |
Construction & Engineering | 312 | 12,981 | |||||||||||
Bureau Veritas SA |
Professional Services | 417 | 12,908 | |||||||||||
Capgemini SE |
IT Services | 228 | 47,603 | |||||||||||
Carrefour SA |
Food & Staples Retailing | 921 | 16,593 | |||||||||||
Cie Generale des Etablissements Michelin SCA |
Auto Components | 255 | 39,247 | |||||||||||
CNP Assurances |
Insurance | 222 | 3,531 | |||||||||||
Compagnie de Saint-Gobain |
Building Products | 693 | 46,776 | |||||||||||
Covivio |
Equity Real Estate Investment Trusts (REITs | ) | 72 | 6,076 | ||||||||||
Credit Agricole SA |
Banks | 1,812 | 25,087 | |||||||||||
Danone SA |
Food Products | 879 | 60,155 | |||||||||||
Dassault Aviation SA |
Aerospace & Defense | 30 | 3,386 | |||||||||||
Dassault Systemes SE |
Software | 975 | 51,374 | |||||||||||
Edenred |
IT Services | 366 | 19,779 | |||||||||||
EDF SA |
Electric Utilities | 753 | 9,504 |
204 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Europe Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and Other
Equity Interests (continued) |
||||||||||||||
France (continued) | ||||||||||||||
Eiffage SA |
Construction & Engineering | 111 | $ | 11,279 | ||||||||||
Engie SA |
Multi-Utilities | 2,427 | 31,902 | |||||||||||
EssilorLuxottica SA |
Textiles, Apparel & Luxury Goods | 432 | 82,860 | |||||||||||
Eurazeo SE |
Diversified Financial Services | 63 | 5,932 | |||||||||||
Faurecia SE |
Auto Components | 174 | 8,248 | |||||||||||
Gecina SA |
Equity Real Estate Investment Trusts (REITs | ) | 75 | 10,131 | ||||||||||
Getlink SE |
Transportation Infrastructure | 660 | 10,353 | |||||||||||
Hermes International |
Textiles, Apparel & Luxury Goods | 45 | 62,401 | |||||||||||
ICADE |
Equity Real Estate Investment Trusts (REITs | ) | 45 | 3,539 | ||||||||||
Iliad SA |
Diversified Telecommunication Services | 21 | 4,429 | |||||||||||
Imerys SA |
Construction Materials | 54 | 2,346 | |||||||||||
Ipsen SA |
Pharmaceuticals | 48 | 4,593 | |||||||||||
a |
JCDecaux SA |
Media | 105 | 2,792 | ||||||||||
Kering SA |
Textiles, Apparel & Luxury Goods | 107 | 76,389 | |||||||||||
a |
Klepierre SA |
Equity Real Estate Investment Trusts (REITs | ) | 264 | 5,948 | |||||||||
L’Oreal SA |
Personal Products | 351 | 145,164 | |||||||||||
b |
La Francaise des Jeux SAEM, 144A |
Hotels, Restaurants & Leisure | 126 | 6,497 | ||||||||||
Legrand SA |
Electrical Equipment | 390 | 41,927 | |||||||||||
LVMH Moet Hennessy Louis Vuitton SE |
Textiles, Apparel & Luxury Goods | 365 | 262,313 | |||||||||||
a,b |
Neoen SA, 144A |
Independent Power and Renewable Electricity Producers | 36 | 1,453 | ||||||||||
Orange SA |
Diversified Telecommunication Services | 2,805 | 30,402 | |||||||||||
Orpea |
Health Care Providers & Services | 72 | 8,403 | |||||||||||
Pernod Ricard SA |
Beverages | 306 | 67,630 | |||||||||||
Plastic Omnium SA |
Auto Components | 75 | 1,928 | |||||||||||
Publicis Groupe |
Media | 336 | 22,687 | |||||||||||
Remy Cointreau SA |
Beverages | 36 | 6,988 | |||||||||||
a |
Renault SA |
Automobiles | 273 | 9,775 | ||||||||||
Rexel SA |
Trading Companies & Distributors | 444 | 8,627 | |||||||||||
Rubis SCA |
Gas Utilities | 135 | 4,677 | |||||||||||
Safran SA |
Aerospace & Defense | 510 | 64,816 | |||||||||||
Sanofi |
Pharmaceuticals | 1,593 | 153,383 | |||||||||||
Sartorius Stedim Biotech |
Life Sciences Tools & Services | 36 | 20,181 | |||||||||||
Schneider Electric SE |
Electrical Equipment | 774 | 129,082 | |||||||||||
SCOR SE |
Insurance | 234 | 6,799 | |||||||||||
SEB SA |
Household Durables | 45 | 6,357 | |||||||||||
Societe Generale SA |
Banks | 1,137 | 35,836 | |||||||||||
a |
Sodexo SA |
Hotels, Restaurants & Leisure | 129 | 11,329 | ||||||||||
a |
SOITEC |
Semiconductors & Semiconductor Equipment | 30 | 6,533 | ||||||||||
Suez SA |
Multi-Utilities | 555 | 12,662 | |||||||||||
Teleperformance |
Professional Services | 84 | 33,109 | |||||||||||
Thales SA |
Aerospace & Defense | 144 | 14,045 | |||||||||||
TotalEnergies SE |
Oil, Gas & Consumable Fuels | 3,549 | 170,016 | |||||||||||
a |
Ubisoft Entertainment SA |
Entertainment | 141 | 8,478 | ||||||||||
a |
Unibail-Rodamco-Westfield |
Equity Real Estate Investment Trusts (REITs | ) | 195 | 14,378 | |||||||||
Valeo |
Auto Components | 354 | 9,949 | |||||||||||
Veolia Environnement SA |
Multi-Utilities | 754 | 23,122 | |||||||||||
Vinci SA |
Construction & Engineering | 735 | 76,792 | |||||||||||
Vivendi SA |
Media | 1,098 | 13,877 | |||||||||||
Wendel SE |
Diversified Financial Services | 39 | 5,419 | |||||||||||
a,b,c |
Worldline SA, 144A, Reg S |
IT Services | 357 | 27,311 | ||||||||||
|
|
|||||||||||||
2,614,404 | ||||||||||||||
|
|
|||||||||||||
Germany 13.0% | ||||||||||||||
1&1 Drillisch AG |
Wireless Telecommunication Services | 66 | 2,091 | |||||||||||
Adidas AG |
Textiles, Apparel & Luxury Goods | 279 | 87,886 | |||||||||||
Allianz SE |
Insurance | 600 | 135,486 |
franklintempleton.com |
Semiannual Report |
205 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Europe Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and Other
Equity Interests (continued) |
||||||||||||||
Germany (continued) | ||||||||||||||
a,b |
Auto1 Group SE, 144A |
Specialty Retail | 132 | $ | 4,830 | |||||||||
BASF SE |
Chemicals | 1,341 | 102,341 | |||||||||||
Bayer AG |
Pharmaceuticals | 1,440 | 78,446 | |||||||||||
Bayerische Motoren Werke AG |
Automobiles | 468 | 44,888 | |||||||||||
Bechtle AG |
IT Services | 117 | 8,041 | |||||||||||
Beiersdorf AG |
Personal Products | 147 | 15,922 | |||||||||||
Brenntag AG |
Trading Companies & Distributors | 228 | 21,293 | |||||||||||
Carl Zeiss Meditec AG |
Health Care Equipment & Supplies | 54 | 10,392 | |||||||||||
a |
Commerzbank AG |
Banks | 1,524 | 10,165 | ||||||||||
a |
Continental AG |
Auto Components | 159 | 17,467 | ||||||||||
b |
Covestro AG, 144A |
Chemicals | 264 | 18,156 | ||||||||||
a |
CTS Eventim AG & Co. KGaA |
Entertainment | 84 | 6,357 | ||||||||||
Daimler AG |
Automobiles | 1,230 | 109,365 | |||||||||||
a,b |
Delivery Hero SE, 144A |
Internet & Direct Marketing Retail | 276 | 35,330 | ||||||||||
a |
Deutsche Bank AG |
Capital Markets | 2,991 | 38,262 | ||||||||||
Deutsche Boerse AG |
Capital Markets | 270 | 43,965 | |||||||||||
a |
Deutsche Lufthansa AG |
Airlines | 465 | 3,201 | ||||||||||
Deutsche Post AG |
Air Freight & Logistics | 1,431 | 90,353 | |||||||||||
Deutsche Telekom AG |
Diversified Telecommunication Services | 4,725 | 95,261 | |||||||||||
Deutsche Wohnen AG |
Real Estate Management & Development | 345 | 21,159 | |||||||||||
b |
DWS Group GmbH & Co. KGaA, 144A |
Capital Markets | 51 | 2,156 | ||||||||||
E.ON SE |
Multi-Utilities | 3,171 | 38,838 | |||||||||||
Evonik Industries AG |
Chemicals | 279 | 8,818 | |||||||||||
a |
Evotec SE |
Life Sciences Tools & Services | 213 | 10,173 | ||||||||||
Fielmann AG |
Specialty Retail | 33 | 2,205 | |||||||||||
a |
Fraport AG Frankfurt Airport Services Worldwide |
Transportation Infrastructure | 51 | 3,554 | ||||||||||
Fresenius Medical Care AG & Co. KGaA |
Health Care Providers & Services | 300 | 21,160 | |||||||||||
Fresenius SE & Co. KGaA |
Health Care Providers & Services | 597 | 28,738 | |||||||||||
Fuchs Petrolub SE |
Chemicals | 51 | 1,867 | |||||||||||
GEA Group AG |
Machinery | 246 | 11,287 | |||||||||||
Hannover Rueck SE |
Insurance | 87 | 15,260 | |||||||||||
HeidelbergCement AG |
Construction Materials | 216 | 16,217 | |||||||||||
a |
Hella GmbH & Co. KGaA |
Auto Components | 66 | 4,623 | ||||||||||
a |
HelloFresh SE |
Internet & Direct Marketing Retail | 240 | 22,241 | ||||||||||
Henkel AG & Co. KGaA |
Household Products | 147 | 12,701 | |||||||||||
Hochtief AG |
Construction & Engineering | 27 | 2,170 | |||||||||||
Infineon Technologies AG |
Semiconductors & Semiconductor Equipment | 1,905 | 78,432 | |||||||||||
KION Group AG |
Machinery | 117 | 10,964 | |||||||||||
Knorr-Bremse AG |
Machinery | 96 | 10,307 | |||||||||||
LANXESS AG |
Chemicals | 126 | 8,554 | |||||||||||
LEG Immobilien AG |
Real Estate Management & Development | 108 | 15,295 | |||||||||||
Merck KGaA |
Pharmaceuticals | 189 | 41,103 | |||||||||||
METRO AG |
Food & Staples Retailing | 183 | 2,384 | |||||||||||
MTU Aero Engines AG |
Aerospace & Defense | 77 | 17,437 | |||||||||||
Muenchener Rueckversicherungs-Gesellschaft Aktiengesellschaft in Muenchen |
Insurance | 204 | 56,009 | |||||||||||
Nemetschek AG |
Software | 78 | 8,199 | |||||||||||
ProSiebenSat.1 Media SE |
Media | 222 | 4,081 | |||||||||||
Puma SE |
Textiles, Apparel & Luxury Goods | 147 | 16,427 | |||||||||||
Rational AG |
Machinery | 5 | 4,720 | |||||||||||
Rheinmetall AG |
Industrial Conglomerates | 63 | 6,190 | |||||||||||
RWE AG |
Multi-Utilities | 921 | 32,609 | |||||||||||
SAP SE |
Software | 1,623 | 219,848 | |||||||||||
Sartorius AG |
Health Care Equipment & Supplies | 3 | 2,319 | |||||||||||
b,c |
Scout24 AG, 144A, Reg S |
Interactive Media & Services | 123 | 8,547 | ||||||||||
Siemens AG |
Industrial Conglomerates | 1,101 | 181,091 | |||||||||||
a |
Siemens Energy AG |
Electrical Equipment | 627 | 16,880 |
206 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Europe Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and Other
Equity Interests (continued) |
||||||||||||||
Germany (continued) | ||||||||||||||
b |
Siemens Healthineers AG, 144A |
Health Care Equipment & Supplies | 405 | $ | 26,369 | |||||||||
Symrise AG |
Chemicals | 186 | 24,499 | |||||||||||
a |
Talanx AG |
Insurance | 75 | 3,206 | ||||||||||
a,b |
TeamViewer AG, 144A |
Software | 231 | 6,797 | ||||||||||
Telefonica Deutschland Holding AG |
Diversified Telecommunication Services | 957 | 2,726 | |||||||||||
a |
thyssenkrupp AG |
Metals & Mining | 678 | 7,212 | ||||||||||
Traton SE |
Machinery | 72 | 1,852 | |||||||||||
a |
TUI AG |
Hotels, Restaurants & Leisure | 1,089 | 4,727 | ||||||||||
Uniper SE |
Independent Power and Renewable Electricity Producers | 132 | 5,515 | |||||||||||
United Internet AG |
Diversified Telecommunication Services | 156 | 6,078 | |||||||||||
Vantage Towers AG |
Diversified Telecommunication Services | 99 | 3,364 | |||||||||||
Varta AG |
Electrical Equipment | 21 | 2,843 | |||||||||||
a |
Vitesco Technologies Group AG, A |
Auto Components | 31 | 1,832 | ||||||||||
Volkswagen AG |
Automobiles | 48 | 14,909 | |||||||||||
Vonovia SE |
Real Estate Management & Development | 843 | 50,706 | |||||||||||
Wacker Chemie AG |
Chemicals | 21 | 3,928 | |||||||||||
a,b |
Zalando SE, 144A |
Internet & Direct Marketing Retail | 318 | 29,233 | ||||||||||
|
|
|||||||||||||
2,139,857 | ||||||||||||||
|
|
|||||||||||||
Ireland 1.5% | ||||||||||||||
a |
AIB Group PLC |
Banks | 1,176 | 3,202 | ||||||||||
CRH PLC |
Construction Materials | 1,149 | 54,069 | |||||||||||
DCC PLC |
Industrial Conglomerates | 144 | 12,034 | |||||||||||
Experian PLC |
Professional Services | 1,338 | 56,089 | |||||||||||
a |
Flutter Entertainment PLC |
Hotels, Restaurants & Leisure | 243 | 48,099 | ||||||||||
Glanbia PLC |
Food Products | 285 | 4,703 | |||||||||||
Kerry Group |
Food Products | 225 | 30,249 | |||||||||||
Kingspan Group PLC |
Building Products | 222 | 22,127 | |||||||||||
Smurfit Kappa Group PLC |
Containers & Packaging | 381 | 19,891 | |||||||||||
|
|
|||||||||||||
250,463 | ||||||||||||||
|
|
|||||||||||||
Isle Of Man 0.2% | ||||||||||||||
a |
GVC Holdings PLC |
Hotels, Restaurants & Leisure | 852 | 24,469 | ||||||||||
|
|
|||||||||||||
Italy 3.4% | ||||||||||||||
A2A SpA |
Multi-Utilities | 2,265 | 4,661 | |||||||||||
Amplifon SpA |
Health Care Providers & Services | 189 | 9,024 | |||||||||||
Assicurazioni Generali SpA |
Insurance | 1,884 | 40,154 | |||||||||||
a |
Atlantia SpA |
Transportation Infrastructure | 723 | 13,721 | ||||||||||
Banca Mediolanum SpA |
Diversified Financial Services | 339 | 3,673 | |||||||||||
Buzzi Unicem SpA |
Construction Materials | 138 | 3,158 | |||||||||||
Davide Campari-Milano NV |
Beverages | 723 | 10,206 | |||||||||||
De’ Longhi SpA |
Household Durables | 102 | 3,674 | |||||||||||
DiaSorin SpA |
Health Care Equipment & Supplies | 33 | 6,936 | |||||||||||
Enel SpA |
Electric Utilities | 11,376 | 87,688 | |||||||||||
Eni SpA |
Oil, Gas & Consumable Fuels | 3,678 | 49,216 | |||||||||||
Ferrari NV |
Automobiles | 177 | 37,119 | |||||||||||
a |
FinecoBank Banca Fineco SpA |
Banks | 897 | 16,290 | ||||||||||
Hera SpA |
Multi-Utilities | 1,152 | 4,721 | |||||||||||
b,c |
Infrastrutture Wireless Italiane SpA, 144A, Reg S |
Diversified Telecommunication Services | 519 | 5,796 | ||||||||||
Interpump Group SpA |
Machinery | 117 | 7,593 | |||||||||||
Intesa Sanpaolo SpA |
Banks | 24,303 | 69,105 | |||||||||||
Italgas Reti SpA |
Gas Utilities | 711 | 4,565 | |||||||||||
a |
Leonardo SpA |
Aerospace & Defense | 600 | 4,947 | ||||||||||
a |
Mediobanca Banca di Credito Finanziario SpA |
Banks | 1,023 | 12,378 |
franklintempleton.com |
Semiannual Report |
207 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Europe Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and Other
Equity Interests (continued) |
||||||||||||||
Italy (continued) | ||||||||||||||
Moncler SpA |
Textiles, Apparel & Luxury Goods | 315 | $ | 19,356 | ||||||||||
a,b |
Nexi SpA, 144A |
IT Services | 867 | 16,238 | ||||||||||
b |
Pirelli & C SpA, 144A |
Auto Components | 795 | 4,681 | ||||||||||
b,c |
Poste Italiane SpA, 144A, Reg S |
Insurance | 675 | 9,333 | ||||||||||
Prysmian SpA |
Electrical Equipment | 390 | 13,704 | |||||||||||
Recordati Industria Chimica e Farmaceutica SpA |
Pharmaceuticals | 144 | 8,391 | |||||||||||
Reply SpA |
IT Services | 33 | 6,096 | |||||||||||
Snam SpA |
Gas Utilities | 3,261 | 18,126 | |||||||||||
Telecom Italia SpA |
Diversified Telecommunication Services | 15,663 | 6,161 | |||||||||||
Telecom Italia Spa Savings Share |
Diversified Telecommunication Services | 8,511 | 3,451 | |||||||||||
Tenaris SA |
Energy Equipment & Services | 687 | 7,239 | |||||||||||
Terna – Rete Elettrica Nazionale |
Electric Utilities | 2,064 | 14,678 | |||||||||||
UniCredit SpA |
Banks | 3,183 | 42,423 | |||||||||||
UnipolSai Assicurazioni SpA |
Insurance | 609 | 1,717 | |||||||||||
|
|
|||||||||||||
566,219 | ||||||||||||||
|
|
|||||||||||||
Luxembourg 0.4% | ||||||||||||||
ArcelorMittal SA |
Metals & Mining | 930 | 28,519 | |||||||||||
Aroundtown SA |
Real Estate Management & Development | 1,755 | 12,143 | |||||||||||
Eurofins Scientific SE |
Life Sciences Tools & Services | 177 | 22,737 | |||||||||||
a |
RTL Group SA |
Media | 54 | 3,232 | ||||||||||
|
|
|||||||||||||
66,631 | ||||||||||||||
|
|
|||||||||||||
Mexico 0.0%† | ||||||||||||||
Fresnillo PLC |
Metals & Mining | 264 | 2,782 | |||||||||||
|
|
|||||||||||||
Netherlands 9.2% | ||||||||||||||
Aalberts NV |
Machinery | 141 | 8,148 | |||||||||||
a,b |
ABN AMRO Bank NV, 144A |
Banks | 606 | 8,747 | ||||||||||
a,b |
Adyen NV, 144A |
IT Services | 42 | 117,552 | ||||||||||
Aegon NV |
Insurance | 2,616 | 13,543 | |||||||||||
Akzo Nobel NV |
Chemicals | 273 | 29,861 | |||||||||||
a |
Argenx SE |
Biotechnology | 75 | 22,556 | ||||||||||
ASM International N.V. |
Semiconductors & Semiconductor Equipment | 69 | 27,045 | |||||||||||
ASML Holding NV |
Semiconductors & Semiconductor Equipment | 579 | 433,420 | |||||||||||
ASR Nederland NV |
Insurance | 198 | 9,069 | |||||||||||
BE Semiconductor Industries NV |
Semiconductors & Semiconductor Equipment | 102 | 8,116 | |||||||||||
b |
CTP NV, 144A |
Real Estate Management & Development | 90 | 1,961 | ||||||||||
b,c |
Euronext NV, 144A, Reg S |
Capital Markets | 120 | 13,587 | ||||||||||
EXOR NV |
Diversified Financial Services | 150 | 12,677 | |||||||||||
a,b |
Grandvision NV, 144A |
Specialty Retail | 72 | 2,366 | ||||||||||
Heineken Holding NV |
Beverages | 153 | 13,343 | |||||||||||
Heineken NV |
Beverages | 348 | 36,379 | |||||||||||
IMCD Group NV |
Trading Companies & Distributors | 84 | 16,087 | |||||||||||
ING Groep NV |
Banks | 5,718 | 83,287 | |||||||||||
JDE Peet’s BV |
Food Products | 117 | 3,498 | |||||||||||
Koninklijke Ahold Delhaize NV |
Food & Staples Retailing | 1,428 | 47,556 | |||||||||||
Koninklijke DSM NV |
Chemicals | 243 | 48,651 | |||||||||||
Koninklijke KPN NV |
Diversified Telecommunication Services | 4,797 | 15,094 | |||||||||||
Koninklijke Philips NV |
Health Care Equipment & Supplies | 1,326 | 58,920 | |||||||||||
Koninklijke Vopak NV |
Oil, Gas & Consumable Fuels | 99 | 3,901 | |||||||||||
NN Group NV |
Insurance | 459 | 24,082 | |||||||||||
Prosus NV |
Internet & Direct Marketing Retail | 1,290 | 103,143 | |||||||||||
a |
QIAGEN NV |
Life Sciences Tools & Services | 324 | 16,819 | ||||||||||
Randstad NV |
Professional Services | 159 | 10,706 | |||||||||||
Royal Dutch Shell PLC, A |
Oil, Gas & Consumable Fuels | 6,006 | 134,025 | |||||||||||
Royal Dutch Shell PLC, B |
Oil, Gas & Consumable Fuels | 5,430 | 120,776 |
208 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Europe Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and Other
Equity Interests (continued) |
||||||||||||||
Netherlands (continued) | ||||||||||||||
b |
Signify NV, 144A |
Electrical Equipment | 180 | $ | 9,002 | |||||||||
a |
Universal Music Group NV |
Entertainment | 1,074 | 28,771 | ||||||||||
a |
Universal Music Group NV |
Entertainment | 18 | 482 | ||||||||||
Wolters Kluwer NV |
Professional Services | 384 | 40,756 | |||||||||||
|
|
|||||||||||||
1,523,926 | ||||||||||||||
|
|
|||||||||||||
Norway 1.2% | ||||||||||||||
a |
Adevinta ASA, B |
Interactive Media & Services | 405 | 6,959 | ||||||||||
Aker ASA |
Diversified Financial Services | 33 | 2,616 | |||||||||||
Aker BP ASA |
Oil, Gas & Consumable Fuels | 156 | 5,095 | |||||||||||
DNB Bank ASA |
Banks | 1,500 | 34,359 | |||||||||||
Equinor ASA |
Oil, Gas & Consumable Fuels | 1,407 | 35,887 | |||||||||||
Gjensidige Forsikring ASA |
Insurance | 249 | 5,528 | |||||||||||
Leroy Seafood Group ASA |
Food Products | 384 | 3,181 | |||||||||||
Mowi ASA |
Food Products | 648 | 16,487 | |||||||||||
Norsk Hydro ASA |
Metals & Mining | 1,944 | 14,591 | |||||||||||
Orkla ASA |
Food Products | 1,113 | 10,228 | |||||||||||
Salmar ASA |
Food Products | 81 | 5,397 | |||||||||||
b |
Scatec ASA, 144A |
Independent Power and Renewable Electricity Producers | 168 | 3,140 | ||||||||||
Schibsted ASA, A |
Media | 111 | 5,292 | |||||||||||
Schibsted ASA, B |
Media | 141 | 6,006 | |||||||||||
Telenor ASA |
Diversified Telecommunication Services | 927 | 15,643 | |||||||||||
Tomra Systems ASA |
Commercial Services & Supplies | 171 | 8,958 | |||||||||||
Yara International ASA |
Chemicals | 234 | 11,642 | |||||||||||
|
|
|||||||||||||
191,009 | ||||||||||||||
|
|
|||||||||||||
Poland 0.5% | ||||||||||||||
a,b |
Allegro.eu, 144A |
Internet & Direct Marketing Retail | 567 | 8,260 | ||||||||||
Bank Pekao SA |
Banks | 231 | 5,994 | |||||||||||
CD Projekt SA |
Entertainment | 99 | 4,781 | |||||||||||
Cyfrowy Polsat SA |
Media | 405 | 3,629 | |||||||||||
a,b |
Dino Polska SA, 144A |
Food & Staples Retailing | 69 | 5,772 | ||||||||||
a |
InPost SA |
Air Freight & Logistics | 303 | 5,018 | ||||||||||
KGHM Polska Miedz SA |
Metals & Mining | 198 | 7,860 | |||||||||||
LPP SA |
Textiles, Apparel & Luxury Goods | 2 | 7,454 | |||||||||||
Polski Koncern Naftowy Orlen SA |
Oil, Gas & Consumable Fuels | 453 | 9,356 | |||||||||||
Polskie Gornictwo Naftowe i Gazownictwo SA |
Oil, Gas & Consumable Fuels | 2,403 | 3,911 | |||||||||||
a |
Powszechna Kasa Oszczednosci Bank Polski SA |
Banks | 1,233 | 13,115 | ||||||||||
Powszechny Zaklad Ubezpieczen SA |
Insurance | 813 | 7,472 | |||||||||||
a |
Santander Bank Polska SA |
Banks | 45 | 3,402 | ||||||||||
|
|
|||||||||||||
86,024 | ||||||||||||||
|
|
|||||||||||||
Portugal 0.2% | ||||||||||||||
EDP – Energias de Portugal SA |
Electric Utilities | 4,137 | 21,743 | |||||||||||
Galp Energia SGPS SA, B |
Oil, Gas & Consumable Fuels | 768 | 8,723 | |||||||||||
Jeronimo Martins SGPS SA |
Food & Staples Retailing | 357 | 7,121 | |||||||||||
|
|
|||||||||||||
37,587 | ||||||||||||||
|
|
|||||||||||||
Russia 0.0%† | ||||||||||||||
Evraz PLC |
Metals & Mining | 816 | 6,540 | |||||||||||
|
|
|||||||||||||
Spain 3.8% | ||||||||||||||
Acciona SA |
Electric Utilities | 33 | 5,477 | |||||||||||
ACS Actividades de Construccion y Servicios SA |
Construction & Engineering | 336 | 9,132 | |||||||||||
a,b |
Aena SME SA, 144A |
Transportation Infrastructure | 102 | 17,649 |
franklintempleton.com |
Semiannual Report |
209 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Europe Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and Other
Equity Interests (continued) |
||||||||||||||
Spain (continued) | ||||||||||||||
a |
Amadeus IT Group SA |
IT Services | 624 | $ | 41,135 | |||||||||
Banco Bilbao Vizcaya Argentaria SA |
Banks | 9,741 | 64,541 | |||||||||||
Banco Santander SA |
Banks | 25,053 | 91,069 | |||||||||||
Bankinter SA |
Banks | 1,023 | 6,009 | |||||||||||
CaixaBank SA |
Banks | 6,450 | 20,063 | |||||||||||
b |
Cellnex Telecom SA, 144A |
Diversified Telecommunication Services | 891 | 55,039 | ||||||||||
Corporacion Mapfre SA |
Insurance | 1,515 | 3,310 | |||||||||||
EDP Renovaveis SA |
Independent Power and Renewable Electricity Producers | 357 | 8,862 | |||||||||||
Enagas SA |
Gas Utilities | 363 | 8,079 | |||||||||||
Endesa SA |
Electric Utilities | 459 | 9,267 | |||||||||||
Ferrovial SA |
Construction & Engineering | 696 | 20,351 | |||||||||||
Fluidra SA |
Machinery | 165 | 6,588 | |||||||||||
Grifols SA |
Biotechnology | 483 | 11,800 | |||||||||||
Iberdrola SA |
Electric Utilities | 8,637 | 86,926 | |||||||||||
Industria de Diseno Textil SA |
Specialty Retail | 1,539 | 56,755 | |||||||||||
Inmobiliaria Colonial SA |
Equity Real Estate Investment Trusts (REITs | ) | 495 | 4,807 | ||||||||||
Linea Directa Aseguradora SA Cia de Seguros y Reaseguros |
Insurance | 972 | 1,918 | |||||||||||
Merlin Properties Socimi SA |
Equity Real Estate Investment Trusts (REITs | ) | 477 | 4,905 | ||||||||||
Naturgy Energy Group SA |
Gas Utilities | 438 | 11,041 | |||||||||||
Red Electrica Corp. SA |
Electric Utilities | 630 | 12,639 | |||||||||||
Repsol SA |
Oil, Gas & Consumable Fuels | 1,902 | 24,904 | |||||||||||
a |
Siemens Gamesa Renewable Energy SA |
Electrical Equipment | 327 | 8,345 | ||||||||||
Telefonica SA |
Diversified Telecommunication Services | 7,254 | 34,023 | |||||||||||
|
|
|||||||||||||
624,634 | ||||||||||||||
|
|
|||||||||||||
Sweden 5.7% | ||||||||||||||
Alfa Laval AB |
Machinery | 459 | 17,240 | |||||||||||
Assa Abloy AB, B |
Building Products | 1,341 | 39,194 | |||||||||||
Atlas Copco AB |
Machinery | 552 | 28,299 | |||||||||||
Atlas Copco AB, A |
Machinery | 924 | 56,210 | |||||||||||
Beijer Ref AB |
Trading Companies & Distributors | 351 | 6,997 | |||||||||||
Boliden AB |
Metals & Mining | 402 | 12,972 | |||||||||||
Castellum AB |
Real Estate Management & Development | 297 | 7,282 | |||||||||||
Electrolux AB, B |
Household Durables | 336 | 7,770 | |||||||||||
Elekta AB, B |
Health Care Equipment & Supplies | 531 | 5,969 | |||||||||||
Epiroc AB, A |
Machinery | 918 | 19,097 | |||||||||||
Epiroc AB, B |
Machinery | 549 | 9,780 | |||||||||||
EQT AB |
Capital Markets | 414 | 17,320 | |||||||||||
Ericsson, B |
Communications Equipment | 4,401 | 49,853 | |||||||||||
Essity AB, B |
Household Products | 891 | 27,702 | |||||||||||
b,c |
Evolution Gaming Group AB, 144A, Reg S |
Hotels, Restaurants & Leisure | 237 | 36,154 | ||||||||||
a |
Fastighets AB Balder, B |
Real Estate Management & Development | 147 | 8,868 | ||||||||||
Getinge AB, B |
Health Care Equipment & Supplies | 330 | 13,195 | |||||||||||
a |
Hennes & Mauritz AB, B |
Specialty Retail | 1,281 | 26,116 | ||||||||||
Hexagon AB, B |
Electronic Equipment, Instruments & Components | 2,604 | 40,465 | |||||||||||
Holmen AB, B |
Paper & Forest Products | 138 | 6,090 | |||||||||||
Husqvarna AB, A |
Household Durables | 36 | 433 | |||||||||||
Husqvarna AB, B |
Household Durables | 603 | 7,241 | |||||||||||
ICA Gruppen AB |
Food & Staples Retailing | 111 | 5,102 | |||||||||||
Industrivarden AB, A |
Diversified Financial Services | 306 | 9,836 | |||||||||||
Industrivarden AB, C |
Diversified Financial Services | 252 | 7,835 | |||||||||||
Indutrade AB |
Machinery | 405 | 11,314 | |||||||||||
Investment AB Latour, B |
Industrial Conglomerates | 204 | 6,352 | |||||||||||
Investor AB, A |
Diversified Financial Services | 783 | 17,026 | |||||||||||
Investor AB, B |
Diversified Financial Services | 2,661 | 57,530 |
210 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Europe Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and Other
Equity Interests (continued) |
||||||||||||||
Sweden (continued) | ||||||||||||||
a |
Kinnevik AB, A |
Diversified Financial Services | 21 | $ | 826 | |||||||||
a |
Kinnevik AB, B |
Diversified Financial Services | 354 | 12,509 | ||||||||||
L E Lundbergforetagen AB, B |
Diversified Financial Services | 105 | 5,792 | |||||||||||
Lifco AB, B |
Industrial Conglomerates | 333 | 8,983 | |||||||||||
Lundin Energy AB |
Oil, Gas & Consumable Fuels | 276 | 10,310 | |||||||||||
Nibe Industrier AB, B |
Building Products | 1,752 | 22,159 | |||||||||||
Saab AB, B |
Aerospace & Defense | 129 | 3,669 | |||||||||||
Sagax AB, B |
Real Estate Management & Development | 255 | 7,981 | |||||||||||
Sagax AB, D |
Real Estate Management & Development | 165 | 607 | |||||||||||
Sandvik AB |
Machinery | 1,575 | 36,222 | |||||||||||
Securitas AB, B |
Commercial Services & Supplies | 456 | 7,248 | |||||||||||
a,b |
Sinch AB, 144A |
Software | 744 | 14,551 | ||||||||||
Skandinaviska Enskilda Banken AB, A |
Banks | 2,100 | 29,741 | |||||||||||
Skandinaviska Enskilda Banken AB, C |
Banks | 30 | 433 | |||||||||||
Skanska AB, B |
Construction & Engineering | 528 | 13,320 | |||||||||||
SKF AB, B |
Machinery | 558 | 13,241 | |||||||||||
Svenska Cellulosa AB, A |
Paper & Forest Products | 36 | 561 | |||||||||||
Svenska Cellulosa AB, B |
Paper & Forest Products | 876 | 13,658 | |||||||||||
Svenska Handelsbanken AB, A |
Banks | 2,172 | 24,410 | |||||||||||
Svenska Handelsbanken AB, B |
Banks | 60 | 738 | |||||||||||
Sweco AB, B |
Construction & Engineering | 303 | 4,786 | |||||||||||
Swedbank AB, A |
Banks | 1,470 | 29,791 | |||||||||||
Swedish Match AB |
Tobacco | 2,259 | 19,795 | |||||||||||
a |
Swedish Orphan Biovitrum AB |
Biotechnology | 264 | 7,143 | ||||||||||
Tele2 AB, B |
Wireless Telecommunication Services | 738 | 10,954 | |||||||||||
Telefonaktiebolaget LM Ericsson, A |
Communications Equipment | 45 | 513 | |||||||||||
Telia Co. AB |
Diversified Telecommunication Services | 3,756 | 15,509 | |||||||||||
Trelleborg AB, B |
Machinery | 357 | 7,639 | |||||||||||
Volvo AB, A |
Machinery | 294 | 6,681 | |||||||||||
Volvo AB, B |
Machinery | 2,187 | 49,262 | |||||||||||
|
|
|||||||||||||
938,274 | ||||||||||||||
|
|
|||||||||||||
Switzerland 15.2% | ||||||||||||||
ABB Ltd. |
Electrical Equipment | 2,481 | 83,485 | |||||||||||
Adecco Group AG |
Professional Services | 222 | 11,190 | |||||||||||
Alcon Inc. |
Health Care Equipment & Supplies | 672 | 54,777 | |||||||||||
Baloise Holding AG |
Insurance | 66 | 10,068 | |||||||||||
Banque Cantonale Vaudoise |
Banks | 42 | 3,201 | |||||||||||
Barry Callebaut AG |
Food Products | 5 | 11,363 | |||||||||||
BKW AG |
Electric Utilities | 26 | 2,815 | |||||||||||
Chocoladefabriken Lindt & Spruengli AG |
Food Products | 3 | 33,510 | |||||||||||
Cie Financiere Richemont SA |
Textiles, Apparel & Luxury Goods | 747 | 78,011 | |||||||||||
Clariant AG |
Chemicals | 336 | 6,348 | |||||||||||
Coca-Cola HBC AG |
Beverages | 288 | 9,316 | |||||||||||
Credit Suisse Group AG |
Capital Markets | 3,510 | 34,970 | |||||||||||
DKSH Holding AG |
Professional Services | 51 | 4,005 | |||||||||||
EMS-Chemie Holding AG |
Chemicals | 10 | 9,476 | |||||||||||
a |
Flughafen Zurich AG |
Transportation Infrastructure | 27 | 4,834 | ||||||||||
Geberit AG |
Building Products | 50 | 36,930 | |||||||||||
Georg Fischer AG |
Machinery | 6 | 8,940 | |||||||||||
Givaudan AG |
Chemicals | 14 | 63,963 | |||||||||||
a |
Glencore PLC |
Metals & Mining | 19,395 | 92,013 | ||||||||||
Helvetia Holding AG |
Insurance | 51 | 5,571 | |||||||||||
Julius Baer Group Ltd. |
Capital Markets | 315 | 21,044 | |||||||||||
Kuehne + Nagel International AG |
Marine | 72 | 24,652 | |||||||||||
LafargeHolcim Ltd., B |
Construction Materials | 804 | 38,905 | |||||||||||
Logitech International SA |
Technology Hardware, Storage & Peripherals | 219 | 19,547 |
franklintempleton.com |
Semiannual Report |
211 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Europe Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and Other
Equity Interests (continued) |
||||||||||||||
Switzerland (continued) | ||||||||||||||
Lonza Group AG |
Life Sciences Tools & Services | 108 | $ | 81,227 | ||||||||||
a,b |
Medmix AG, 144A |
Health Care Equipment & Supplies | 24 | 1,132 | ||||||||||
Nestle SA |
Food Products | 4,125 | 498,352 | |||||||||||
Novartis AG |
Pharmaceuticals | 3,102 | 255,482 | |||||||||||
OC Oerlikon Corp. AG |
Machinery | 264 | 2,898 | |||||||||||
Partners Group Holding AG |
Capital Markets | 33 | 51,878 | |||||||||||
PSP Swiss Property AG |
Real Estate Management & Development | 63 | 7,605 | |||||||||||
Roche Holding AG, Bearer |
Pharmaceuticals | 39 | 16,071 | |||||||||||
Roche Holding AG, Non-Voting |
Pharmaceuticals | 1,014 | 371,697 | |||||||||||
Schindler Holding AG |
Machinery | 27 | 6,987 | |||||||||||
Schindler Holding AG, PC |
Machinery | 60 | 16,157 | |||||||||||
SGS SA |
Professional Services | 9 | 26,300 | |||||||||||
SIG Combibloc Group AG |
Containers & Packaging | 495 | 13,223 | |||||||||||
Sika AG |
Chemicals | 207 | 65,860 | |||||||||||
Sonova Holding AG |
Health Care Equipment & Supplies | 78 | 29,700 | |||||||||||
STMicroelectronics NV |
Semiconductors & Semiconductor Equipment | 927 | 40,573 | |||||||||||
Straumann Holding AG |
Health Care Equipment & Supplies | 15 | 27,070 | |||||||||||
Sulzer AG |
Machinery | 24 | 2,295 | |||||||||||
Swatch Group AG |
Textiles, Apparel & Luxury Goods | 42 | 11,053 | |||||||||||
Swatch Group AG |
Textiles, Apparel & Luxury Goods | 63 | 3,255 | |||||||||||
Swiss Life Holding AG |
Insurance | 45 | 22,841 | |||||||||||
Swiss Prime Site AG |
Real Estate Management & Development | 108 | 10,582 | |||||||||||
Swiss Re AG |
Insurance | 423 | 36,339 | |||||||||||
Swisscom AG |
Diversified Telecommunication Services | 37 | 21,315 | |||||||||||
Tecan Group AG |
Life Sciences Tools & Services | 18 | 10,256 | |||||||||||
Temenos AG |
Software | 90 | 12,262 | |||||||||||
UBS Group AG |
Capital Markets | 4,761 | 76,556 | |||||||||||
b,c |
VAT Group AG, 144A, Reg S |
Machinery | 39 | 15,477 | ||||||||||
Vifor Pharma AG |
Pharmaceuticals | 75 | 9,769 | |||||||||||
Zurich Insurance Group AG |
Insurance | 219 | 90,056 | |||||||||||
|
|
|||||||||||||
2,503,202 | ||||||||||||||
|
|
|||||||||||||
United Kingdom 19.5% | ||||||||||||||
3i Group PLC |
Capital Markets | 1,395 | 24,104 | |||||||||||
Abrdn PLC |
Capital Markets | 3,123 | 10,763 | |||||||||||
Admiral Group PLC |
Insurance | 303 | 12,698 | |||||||||||
Anglo American PLC |
Metals & Mining | 1,800 | 63,649 | |||||||||||
Ashmore Group PLC |
Capital Markets | 657 | 3,017 | |||||||||||
Ashtead Group PLC |
Trading Companies & Distributors | 654 | 49,788 | |||||||||||
a |
Associated British Foods PLC |
Food Products | 504 | 12,640 | ||||||||||
AstraZeneca PLC |
Pharmaceuticals | 2,265 | 273,579 | |||||||||||
b |
Auto Trader Group PLC, 144A |
Interactive Media & Services | 1,383 | 10,980 | ||||||||||
AVEVA Group PLC |
Software | 177 | 8,592 | |||||||||||
Aviva PLC |
Insurance | 5,736 | 30,619 | |||||||||||
B&M European Value Retail SA |
Multiline Retail | 1,287 | 10,249 | |||||||||||
BAE Systems PLC |
Aerospace & Defense | 4,722 | 35,986 | |||||||||||
Barclays PLC |
Banks | 24,795 | 63,388 | |||||||||||
Barratt Developments PLC |
Household Durables | 1,494 | 13,303 | |||||||||||
Bellway PLC |
Household Durables | 183 | 8,091 | |||||||||||
Berkeley Group Holdings PLC |
Household Durables | 152 | 8,940 | |||||||||||
BHP Group PLC |
Metals & Mining | 3,042 | 77,448 | |||||||||||
BP PLC |
Oil, Gas & Consumable Fuels | 29,133 | 133,675 | |||||||||||
British American Tobacco PLC |
Tobacco | 3,342 | 117,341 | |||||||||||
British Land Co. PLC |
Equity Real Estate Investment Trusts (REITs | ) | 1,362 | 9,094 | ||||||||||
a |
BT Group PLC |
Diversified Telecommunication Services | 11,019 | 23,742 | ||||||||||
Bunzl PLC |
Trading Companies & Distributors | 498 | 16,485 | |||||||||||
a |
Burberry Group PLC |
Textiles, Apparel & Luxury Goods | 588 | 14,390 |
212 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Europe Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and Other
Equity Interests (continued) |
||||||||||||||
United Kingdom (continued) | ||||||||||||||
a |
Centrica PLC |
Multi-Utilities | 8,631 | $ | 6,596 | |||||||||
CNH Industrial NV |
Machinery | 1,440 | 24,533 | |||||||||||
a |
Compass Group PLC |
Hotels, Restaurants & Leisure | 2,607 | 53,571 | ||||||||||
b |
ConvaTec Group PLC, 144A |
Health Care Equipment & Supplies | 2,349 | 6,841 | ||||||||||
Croda International PLC |
Chemicals | 198 | 22,810 | |||||||||||
Dechra Pharmaceuticals PLC |
Pharmaceuticals | 156 | 10,202 | |||||||||||
Derwent London PLC |
Equity Real Estate Investment Trusts (REITs | ) | 147 | 6,854 | ||||||||||
Diageo PLC |
Beverages | 3,363 | 163,514 | |||||||||||
Direct Line Insurance Group PLC |
Insurance | 1,992 | 7,778 | |||||||||||
a |
Dr. Martens PLC |
Textiles, Apparel & Luxury Goods | 711 | 3,777 | ||||||||||
a |
DS Smith PLC |
Containers & Packaging | 1,872 | 10,422 | ||||||||||
a |
easyJet PLC |
Airlines | 537 | 4,799 | ||||||||||
Electrocomponents PLC |
Trading Companies & Distributors | 696 | 10,116 | |||||||||||
Ferguson PLC |
Trading Companies & Distributors | 327 | 45,568 | |||||||||||
GlaxoSmithKline PLC |
Pharmaceuticals | 7,236 | 136,945 | |||||||||||
Halma PLC |
Electronic Equipment, Instruments & Components | 555 | 21,268 | |||||||||||
Hargreaves Lansdown PLC |
Capital Markets | 555 | 10,712 | |||||||||||
Hikma Pharmaceuticals PLC |
Pharmaceuticals | 252 | 8,325 | |||||||||||
HomeServe PLC |
Commercial Services & Supplies | 411 | 5,012 | |||||||||||
a |
Howden Joinery Group PLC |
Trading Companies & Distributors | 828 | 10,001 | ||||||||||
HSBC Holdings PLC |
Banks | 29,913 | 157,320 | |||||||||||
IMI PLC |
Machinery | 378 | 8,461 | |||||||||||
Imperial Brands PLC |
Tobacco | 1,380 | 28,999 | |||||||||||
a |
Informa PLC |
Media | 2,190 | 16,223 | ||||||||||
a |
InterContinental Hotels Group PLC |
Hotels, Restaurants & Leisure | 267 | 17,122 | ||||||||||
Intermediate Capital Group PLC |
Capital Markets | 411 | 11,333 | |||||||||||
a |
International Consolidated Airlines Group SA |
Airlines | 1,593 | 3,834 | ||||||||||
Intertek Group PLC |
Professional Services | 234 | 15,703 | |||||||||||
a |
ITV PLC |
Media | 5,400 | 7,762 | ||||||||||
J Sainsbury PLC |
Food & Staples Retailing | 2,511 | 9,663 | |||||||||||
JD Sports Fashion PLC |
Specialty Retail | 714 | 10,094 | |||||||||||
Johnson Matthey PLC |
Chemicals | 282 | 10,209 | |||||||||||
a,b,c |
Just Eat Takeaway.com NV, 144A, Reg S |
Internet & Direct Marketing Retail | 261 | 19,069 | ||||||||||
Kingfisher PLC |
Specialty Retail | 3,093 | 14,034 | |||||||||||
Land Securities Group PLC |
Equity Real Estate Investment Trusts (REITs | ) | 1,038 | 9,755 | ||||||||||
Legal & General Group PLC |
Insurance | 8,673 | 32,872 | |||||||||||
a |
Lloyds Banking Group PLC |
Banks | 103,677 | 65,102 | ||||||||||
London Stock Exchange Group PLC |
Capital Markets | 531 | 53,340 | |||||||||||
M&G PLC |
Diversified Financial Services | 3,825 | 10,501 | |||||||||||
a |
Meggitt PLC |
Aerospace & Defense | 1,134 | 11,290 | ||||||||||
Melrose Industries PLC |
Industrial Conglomerates | 6,277 | 14,731 | |||||||||||
Mondi PLC |
Paper & Forest Products | 711 | 17,539 | |||||||||||
National Grid PLC |
Multi-Utilities | 5,199 | 62,011 | |||||||||||
Natwest Group PLC |
Banks | 7,671 | 23,262 | |||||||||||
Next PLC |
Multiline Retail | 186 | 20,595 | |||||||||||
a |
NMC Health PLC |
Health Care Providers & Services | 60 | — | ||||||||||
a |
Ocado Group PLC |
Food & Staples Retailing | 717 | 16,072 | ||||||||||
Pearson PLC |
Media | 1,095 | 10,509 | |||||||||||
Pennon Group PLC |
Water Utilities | 420 | 6,416 | |||||||||||
Persimmon PLC |
Household Durables | 468 | 16,836 | |||||||||||
Phoenix Group Holdings PLC |
Insurance | 903 | 7,861 | |||||||||||
Prudential PLC |
Insurance | 3,828 | 75,100 | |||||||||||
b |
Quilter PLC, 144A |
Capital Markets | 2,448 | 4,704 | ||||||||||
Reckitt Benckiser Group PLC |
Household Products | 927 | 72,870 | |||||||||||
RELX PLC |
Professional Services | 2,724 | 78,857 | |||||||||||
Renishaw PLC |
Electronic Equipment, Instruments & Components | 48 | 3,073 |
franklintempleton.com |
Semiannual Report |
213 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Europe Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks and Other
Equity Interests (continued) |
||||||||||||||
United Kingdom (continued) | ||||||||||||||
a |
Rentokil Initial PLC |
Commercial Services & Supplies | 2,724 | $ | 21,435 | |||||||||
a |
Rightmove PLC |
Interactive Media & Services | 1,272 | 11,721 | ||||||||||
a |
Rolls-Royce Holdings PLC |
Aerospace & Defense | 12,255 | 23,157 | ||||||||||
Royal Mail PLC |
Air Freight & Logistics | 1,320 | 7,497 | |||||||||||
Schroders PLC |
Capital Markets | 159 | 7,707 | |||||||||||
Segro PLC |
Equity Real Estate Investment Trusts (REITs | ) | 1,752 | 28,230 | ||||||||||
Severn Trent PLC |
Water Utilities | 369 | 12,956 | |||||||||||
Smith & Nephew PLC |
Health Care Equipment & Supplies | 1,287 | 22,334 | |||||||||||
Smiths Group PLC |
Industrial Conglomerates | 588 | 11,425 | |||||||||||
Spirax-Sarco Engineering PLC |
Machinery | 108 | 21,800 | |||||||||||
SSE PLC |
Electric Utilities | 1,527 | 32,346 | |||||||||||
St. James’s Place Capital PLC |
Capital Markets | 780 | 15,849 | |||||||||||
Standard Chartered PLC |
Banks | 3,738 | 21,975 | |||||||||||
Tate & Lyle PLC |
Food Products | 684 | 6,380 | |||||||||||
a |
Taylor Wimpey PLC |
Household Durables | 5,295 | 11,123 | ||||||||||
a |
TechnipFMC PLC |
Energy Equipment & Services | 690 | 5,239 | ||||||||||
Tesco PLC |
Food & Staples Retailing | 11,178 | 38,177 | |||||||||||
The Sage Group PLC |
Software | 1,548 | 14,811 | |||||||||||
a |
THG PLC |
Internet & Direct Marketing Retail | 1,530 | 10,459 | ||||||||||
a |
Travis Perkins PLC |
Trading Companies & Distributors | 333 | 6,892 | ||||||||||
Unilever PLC |
Personal Products | 3,777 | 203,963 | |||||||||||
United Utilities Group PLC |
Water Utilities | 999 | 13,044 | |||||||||||
Vodafone Group PLC |
Wireless Telecommunication Services | 40,596 | 62,018 | |||||||||||
a |
Weir Group PLC |
Machinery | 384 | 8,758 | ||||||||||
a |
Whitbread PLC |
Hotels, Restaurants & Leisure | 291 | 13,011 | ||||||||||
a |
Wickes Group PLC |
Specialty Retail | 376 | 1,154 | ||||||||||
William Morrison Supermarkets PLC |
Food & Staples Retailing | 3,264 | 12,961 | |||||||||||
WPP PLC |
Media | 1,698 | 22,906 | |||||||||||
|
|
|||||||||||||
3,214,655 | ||||||||||||||
|
|
|||||||||||||
United States 0.3% | ||||||||||||||
Stellantis NV |
Automobiles | 2,961 | 56,698 | |||||||||||
|
|
|||||||||||||
Total Common Stocks and Other Equity Interests (Cost $15,031,023) |
16,289,096 | |||||||||||||
|
|
|||||||||||||
Preferred Stocks 0.8% | ||||||||||||||
Germany 0.8% | ||||||||||||||
d |
Bayerische Motoren Werke AG, 2.909%, pfd. |
Automobiles | 87 | 6,655 | ||||||||||
d |
Fuchs Petrolub SE, 2.449%, pfd. |
Chemicals | 102 | 4,778 | ||||||||||
d |
Henkel AG & Co. KGaA, 2.307%, pfd. |
Household Products | 258 | 23,974 | ||||||||||
d |
Porsche Automobil Holding SE, 2.572%, pfd. |
Automobiles | 225 | 22,410 | ||||||||||
d |
Sartorius AG, 0.129%, pfd. |
Health Care Equipment & Supplies | 36 | 22,939 | ||||||||||
d |
Volkswagen AG, 2.510%, pfd. |
Automobiles | 267 | 59,920 | ||||||||||
|
|
|||||||||||||
Total Preferred Stocks (Cost $131,459) |
140,676 | |||||||||||||
|
|
|||||||||||||
Rights 0.0%† | ||||||||||||||
France 0.0%† | ||||||||||||||
a |
Veolia Environnement SA, rts., 1/10/21 |
Multi-Utilities | 738 | 614 | ||||||||||
|
|
|||||||||||||
Germany 0.0%† | ||||||||||||||
a |
Deutsche Lufthansa AG, rts., 10/5/21 |
Airlines | 423 | 1,005 | ||||||||||
|
|
|||||||||||||
Total Rights (Cost $2,035) |
1,619 | |||||||||||||
|
|
|||||||||||||
Total Investments before Short Term Investments (Cost $15,164,517) |
16,431,391 | |||||||||||||
|
|
214 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Europe Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Short Term Investments 0.1% | ||||||||||||||
United States 0.1% | ||||||||||||||
e,f |
Institutional Fiduciary Portfolio, 0.01% |
Money Market Funds | 8,600 | $ | 8,600 | |||||||||
|
|
|||||||||||||
Total Investments (Cost $15,173,117) 99.5% |
16,439,991 | |||||||||||||
Other Assets, less Liabilities 0.5% |
81,335 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 16,521,326 | ||||||||||||
|
|
†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, 2021, the aggregate value of these securities was $606,213, representing 3.7% of net assets.
cSecurity was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. At September 30, 2021, the aggregate value of these securities was $154,469, representing 0.9% of net assets.
dVariable rate security. The rate shown represents the yield at period end.
eSee Note 3(c) regarding investments in affiliated management investment companies.
fThe rate shown is the annualized seven-day effective yield at period end.
At September 30, 2021 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 | ||||||||||||||||||||||||||||
Danish Krone |
BOFA | Buy | 4,303,500 | $ | 670,748 | 10/04/21 | $ | — | $ | (13 | ) | |||||||||||||||||
Danish Krone |
BOFA | Sell | 4,303,500 | 683,437 | 10/04/21 | 12,703 | — | |||||||||||||||||||||
Euro |
BOFA | Buy | 2,436,367 | 2,823,684 | 10/04/21 | — | (56 | ) | ||||||||||||||||||||
Euro |
HSBK | Buy | 2,436,367 | 2,823,669 | 10/04/21 | — | (41 | ) | ||||||||||||||||||||
Euro |
UBSW | Buy | 2,436,367 | 2,823,657 | 10/04/21 | — | (29 | ) | ||||||||||||||||||||
Euro |
BOFA | Sell | 2,436,367 | 2,877,754 | 10/04/21 | 54,126 | — | |||||||||||||||||||||
Euro |
HSBK | Sell | 2,436,367 | 2,877,771 | 10/04/21 | 54,143 | — | |||||||||||||||||||||
Euro |
UBSW | Sell | 2,436,367 | 2,877,766 | 10/04/21 | 54,138 | — | |||||||||||||||||||||
Great British Pound |
DBAB | Buy | 2,874,600 | 3,875,967 | 10/04/21 | 1 | — | |||||||||||||||||||||
Great British Pound |
DBAB | Sell | 2,874,600 | 3,954,731 | 10/04/21 | 78,763 | — | |||||||||||||||||||||
Norwegian Krone |
BOFA | Buy | 1,635,400 | 187,343 | 10/04/21 | 4 | — | |||||||||||||||||||||
Norwegian Krone |
BOFA | Sell | 1,635,400 | 187,861 | 10/04/21 | 514 | — | |||||||||||||||||||||
Polish Zloty |
BOFA | Buy | 316,800 | 79,775 | 10/04/21 | — | (2 | ) | ||||||||||||||||||||
Polish Zloty |
BOFA | Sell | 316,800 | 82,744 | 10/04/21 | 2,970 | — | |||||||||||||||||||||
Swedish Krona |
BOFA | Buy | 8,617,500 | 985,040 | 10/04/21 | — | (20 | ) | ||||||||||||||||||||
Swedish Krona |
BOFA | Sell | 8,617,500 | 997,753 | 10/04/21 | 12,733 | — | |||||||||||||||||||||
Swiss Franc |
MSCO | Buy | 2,326,600 | 2,494,140 | 10/04/21 | — | (62 | ) | ||||||||||||||||||||
Swiss Franc |
MSCO | Sell | 2,326,600 | 2,541,752 | 10/04/21 | 47,675 | — | |||||||||||||||||||||
Danish Krone |
BOFA | Sell | 4,179,900 | 651,801 | 11/02/21 | — | (3 | ) | ||||||||||||||||||||
Euro |
BOFA | Sell | 2,422,367 | 2,808,960 | 11/02/21 | 26 | — | |||||||||||||||||||||
Euro |
HSBK | Sell | 2,422,367 | 2,808,994 | 11/02/21 | 60 | — | |||||||||||||||||||||
Euro |
UBSW | Sell | 2,422,367 | 2,808,933 | 11/02/21 | — | (1 | ) | ||||||||||||||||||||
Great British Pound |
DBAB | Sell | 2,886,700 | 3,892,421 | 11/02/21 | — | (15 | ) | ||||||||||||||||||||
Norwegian Krone |
BOFA | Sell | 1,661,500 | 190,288 | 11/02/21 | — | (9 | ) | ||||||||||||||||||||
Swedish Krona |
BOFA | Sell | 8,189,200 | 936,259 | 11/02/21 | 6 | — | |||||||||||||||||||||
Swiss Franc |
MSCO | Sell | 2,214,700 | 2,375,821 | 11/02/21 | 35 | — | |||||||||||||||||||||
Polish Zloty |
BOFA | Sell | 313,200 | 78,858 | 11/03/21 | — | (5 | ) | ||||||||||||||||||||
|
|
|||||||||||||||||||||||||||
Total Forward Exchange Contracts |
|
$ | 317,897 | $ | (256 | ) | ||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||
Net unrealized appreciation (depreciation) |
|
$ | 317,641 | |||||||||||||||||||||||||
|
|
aMay be comprised of multiple contracts with the same counterparty, currency and settlement date.
franklintempleton.com |
Semiannual Report |
215 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Europe Hedged ETF (continued)
At September 30, 2021, 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 | 1 | $ | 46,914 | 12/17/21 | $ | (1,259 | ) |
*As of period end.
See Note 8 regarding other derivative information.
See Abbreviations on page 339.
216 |
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 September 30, 2021 (unaudited) |
Year Ended March 31, | |||||||||||||||||||
2021 | 2021 | 2021 | 2018a | |||||||||||||||||
Per share operating
performance (for a share outstanding throughout the period) |
| |||||||||||||||||||
Net asset value, beginning of period |
$ | 28.44 | $ | 19.34 | $ | 23.86 | $ | 25.33 | $ | 25.32 | ||||||||||
|
|
|||||||||||||||||||
Income from investment operationsb: |
| |||||||||||||||||||
Net investment incomec |
0.84 | 0.40 | 0.52 | 0.70 | 0.08 | |||||||||||||||
Net realized and unrealized gains (losses) |
1.16 | 9.10 | (4.47 | ) | (1.48 | ) | (0.01 | ) | ||||||||||||
|
|
|||||||||||||||||||
Total from investment operations |
2.00 | 9.50 | (3.95 | ) | (0.78 | ) | 0.07 | |||||||||||||
|
|
|||||||||||||||||||
Less distributions from net investment income |
(0.36 | ) | (0.40 | ) | (0.57 | ) | (0.69 | ) | (0.06 | ) | ||||||||||
|
|
|||||||||||||||||||
Net asset value, end of period |
$ | 30.08 | $ | 28.44 | $ | 19.34 | $ | 23.86 | $ | 25.33 | ||||||||||
|
|
|||||||||||||||||||
Total returnd |
6.98% | 49.47% | (17.08)% | (3.07)% | 0.26% | |||||||||||||||
Ratios to average net assetse |
| |||||||||||||||||||
Total Expenses |
0.09% | 0.09% | 0.09% | 0.09% | 0.09% | |||||||||||||||
Net investment income |
5.46% | 1.68% | 2.14% | 2.90% | 0.78% | |||||||||||||||
Supplemental data |
| |||||||||||||||||||
Net assets, end of period (000’s) |
$10,527 | $7,111 | $8,702 | $2,386 | $2,533 | |||||||||||||||
Portfolio turnover ratef |
3.11% | g | 4.56% | g | 2.60% | g | 5.80% | 1.90% |
aFor the period November 2, 2017 (commencement of operations) to March 31, 2018.
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: | 3.11% | 4.56% | 2.60% |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
217 |
FRANKLIN TEMPLETON ETF TRUST
Statement of Investments, September 30, 2021 (unaudited)
Industry | Shares | Value | ||||||||||||
Common Stocks 100.0% | ||||||||||||||
France 97.0% | ||||||||||||||
a |
Accor SA |
Hotels, Restaurants & Leisure | 1,050 | $ | 37,663 | |||||||||
a |
Aeroports de Paris SA |
Transportation Infrastructure | 161 | 20,637 | ||||||||||
Air Liquide SA |
Chemicals | 2,667 | 428,340 | |||||||||||
a |
Airbus SE |
Aerospace & Defense | 3,192 | 425,797 | ||||||||||
b |
ALD SA, 144A |
Road & Rail | 462 | 6,318 | ||||||||||
Alstom SA |
Machinery | 1,694 | 64,493 | |||||||||||
b |
Amundi SA, 144A |
Capital Markets | 329 | 27,796 | ||||||||||
Arkema SA |
Chemicals | 378 | 50,161 | |||||||||||
Atos SE |
IT Services | 546 | 29,203 | |||||||||||
AXA SA |
Insurance | 11,039 | 308,135 | |||||||||||
Biomerieux |
Health Care Equipment & Supplies | 245 | 27,985 | |||||||||||
BNP Paribas SA |
Banks | 6,216 | 399,392 | |||||||||||
Bollore |
Entertainment | 5,684 | 32,970 | |||||||||||
Bouygues SA |
Construction & Engineering | 1,218 | 50,676 | |||||||||||
Bureau Veritas SA |
Professional Services | 1,631 | 50,489 | |||||||||||
Capgemini SE |
IT Services | 903 | 188,533 | |||||||||||
Carrefour SA |
Food & Staples Retailing | 3,612 | 65,073 | |||||||||||
Cie Generale des Etablissements Michelin SCA |
Auto Components | 1,001 | 154,062 | |||||||||||
CNP Assurances |
Insurance | 854 | 13,584 | |||||||||||
Compagnie de Saint-Gobain |
Building Products | 2,723 | 183,795 | |||||||||||
Covivio |
Equity Real Estate Investment Trusts (REITs | ) | 287 | 24,221 | ||||||||||
Credit Agricole SA |
Banks | 7,105 | 98,367 | |||||||||||
Danone SA |
Food Products | 3,444 | 235,694 | |||||||||||
Dassault Aviation SA |
Aerospace & Defense | 130 | 14,675 | |||||||||||
Dassault Systemes SE |
Software | 3,822 | 201,388 | |||||||||||
Edenred |
IT Services | 1,428 | 77,172 | |||||||||||
EDF SA |
Electric Utilities | 2,996 | 37,812 | |||||||||||
Eiffage SA |
Construction & Engineering | 441 | 44,813 | |||||||||||
Engie SA |
Multi-Utilities | 9,520 | 125,139 | |||||||||||
EssilorLuxottica SA |
Textiles, Apparel & Luxury Goods | 1,694 | 324,920 | |||||||||||
Eurazeo SE |
Diversified Financial Services | 252 | 23,730 | |||||||||||
Faurecia SE |
Auto Components | 679 | 32,185 | |||||||||||
Gecina SA |
Equity Real Estate Investment Trusts (REITs | ) | 294 | 39,712 | ||||||||||
Getlink SE |
Transportation Infrastructure | 2,611 | 40,957 | |||||||||||
Hermes International |
Textiles, Apparel & Luxury Goods | 178 | 246,830 | |||||||||||
ICADE |
Equity Real Estate Investment Trusts (REITs | ) | 189 | 14,862 | ||||||||||
Iliad SA |
Diversified Telecommunication Services | 91 | 19,195 | |||||||||||
Imerys SA |
Construction Materials | 224 | 9,730 | |||||||||||
Ipsen SA |
Pharmaceuticals | 196 | 18,754 | |||||||||||
a |
JCDecaux SA |
Media | 413 | 10,980 | ||||||||||
Kering SA |
Textiles, Apparel & Luxury Goods | 421 | 300,557 | |||||||||||
Klepierre SA |
Equity Real Estate Investment Trusts (REITs | ) | 1,043 | 23,499 | ||||||||||
L’Oreal SA |
Personal Products | 1,381 | 571,142 | |||||||||||
b |
La Francaise des Jeux SAEM, 144A |
Hotels, Restaurants & Leisure | 497 | 25,626 | ||||||||||
Legrand SA |
Electrical Equipment | 1,533 | 164,804 | |||||||||||
LVMH Moet Hennessy Louis Vuitton SE |
Textiles, Apparel & Luxury Goods | 1,432 | 1,029,128 | |||||||||||
a,b |
Neoen SA, 144A |
Independent Power and Renewable Electricity Producers | 154 | 6,215 | ||||||||||
Orange SA |
Diversified Telecommunication Services | 11,004 | 119,267 | |||||||||||
Orpea |
Health Care Providers & Services | 280 | 32,678 | |||||||||||
Pernod Ricard SA |
Beverages | 1,197 | 264,551 | |||||||||||
Plastic Omnium SA |
Auto Components | 322 | 8,277 | |||||||||||
Publicis Groupe |
Media | 1,309 | 88,384 | |||||||||||
Remy Cointreau SA |
Beverages | 140 | 27,177 | |||||||||||
a |
Renault SA |
Automobiles | 1,057 | 37,847 | ||||||||||
Rexel SA |
Trading Companies & Distributors | 1,743 | 33,866 | |||||||||||
Rubis SCA |
Gas Utilities | 539 | 18,672 | |||||||||||
Safran SA |
Aerospace & Defense | 2,002 | 254,435 |
218 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE France ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
France (continued) | ||||||||||||||
Sanofi |
Pharmaceuticals | 6,244 | $ | 601,207 | ||||||||||
Sartorius Stedim Biotech |
Life Sciences Tools & Services | 138 | 77,361 | |||||||||||
Schneider Electric SE |
Electrical Equipment | 3,038 | 506,656 | |||||||||||
SCOR SE |
Insurance | 896 | 26,033 | |||||||||||
SEB SA |
Household Durables | 175 | 24,723 | |||||||||||
Societe Generale SA |
Banks | 4,459 | 140,537 | |||||||||||
a |
Sodexo SA |
Hotels, Restaurants & Leisure | 497 | 43,649 | ||||||||||
a |
SOITEC |
Semiconductors & Semiconductor Equipment | 119 | 25,914 | ||||||||||
Suez SA |
Multi-Utilities | 2,170 | 49,506 | |||||||||||
Teleperformance |
Professional Services | 333 | 131,255 | |||||||||||
Thales SA |
Aerospace & Defense | 574 | 55,986 | |||||||||||
TotalEnergies SE |
Oil, Gas & Consumable Fuels | 13,923 | 666,984 | |||||||||||
a |
Ubisoft Entertainment SA |
Entertainment | 539 | 32,408 | ||||||||||
Valeo SA |
Auto Components | 1,379 | 38,756 | |||||||||||
Veolia Environnement SA |
Multi-Utilities | 2,954 | 90,587 | |||||||||||
Vinci SA |
Construction & Engineering | 2,877 | 300,587 | |||||||||||
Vivendi SA |
Media | 4,284 | 54,143 | |||||||||||
Wendel SE |
Diversified Financial Services | 154 | 21,400 | |||||||||||
a,b,c |
Worldline SA, 144A, Reg S |
IT Services | 1,393 | 106,568 | ||||||||||
|
|
|||||||||||||
10,206,623 | ||||||||||||||
|
|
|||||||||||||
Luxembourg 0.8% | ||||||||||||||
Eurofins Scientific SE |
Life Sciences Tools & Services | 693 | 89,021 | |||||||||||
|
|
|||||||||||||
Netherlands 0.5% | ||||||||||||||
b,c |
Euronext NV, 144A, Reg S |
Capital Markets | 469 | 53,105 | ||||||||||
|
|
|||||||||||||
Switzerland 1.5% | ||||||||||||||
STMicroelectronics NV |
Semiconductors & Semiconductor Equipment | 3,633 | 159,008 | |||||||||||
|
|
|||||||||||||
United Kingdom 0.2% | ||||||||||||||
a |
TechnipFMC PLC |
Energy Equipment & Services | 2,632 | 19,986 | ||||||||||
|
|
|||||||||||||
Rights 0.0%† | ||||||||||||||
France 0.0%† | ||||||||||||||
Veolia Environnement SA, rts.. 10/01/21 |
Multi-Utilities | 2,912 | 2,423 | |||||||||||
|
|
|||||||||||||
Total
Investments |
10,530,166 | |||||||||||||
Other Assets, less Liabilities 0.0%† |
(2,814 | ) | ||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 10,527,352 | ||||||||||||
|
|
See Abbreviations on page 339.
†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. These securities have been deemed liquid under guidelines approved by the Trust’s Board of Trustees. At September 30, 2021, the aggregate value of these securities was $225,628, representing 2.1% of net assets.
cSecurity was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. At September 30, 2021, the aggregate value of these securities was $159,673, representing 1.5% of net assets.
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
219 |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE Germany ETF
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, | |||||||||||||||||||
2021 | 2020 | 2019 | 2018a | |||||||||||||||||
Per share operating
performance (for a share outstanding throughout the period) |
| |||||||||||||||||||
Net asset value, beginning of period |
$ | 25.98 | $ | 16.73 | $ | 20.70 | $ | 24.60 | $ | 25.55 | ||||||||||
|
|
|||||||||||||||||||
Income from investment operationsb: |
| |||||||||||||||||||
Net investment incomec |
0.45 | 0.61 | 0.52 | 0.53 | 0.05 | |||||||||||||||
Net realized and unrealized gains (losses) |
(0.26 | ) | 9.29 | (3.92 | ) | (3.83 | ) | (1.00 | ) | |||||||||||
|
|
|||||||||||||||||||
Total from investment operations |
0.19 | 9.90 | (3.40 | ) | (3.30 | ) | (0.95 | ) | ||||||||||||
|
|
|||||||||||||||||||
Less distributions from net investment income |
(0.43 | ) | (0.65 | ) | (0.57 | ) | (0.60 | ) | — | |||||||||||
|
|
|||||||||||||||||||
Net asset value, end of period |
$ | 25.74 | $ | 25.98 | $ | 16.73 | $ | 20.70 | $ | 24.60 | ||||||||||
|
|
|||||||||||||||||||
Total returnd |
0.62% | 59.79% | (17.00)% | (13.72)% | (3.72)% | |||||||||||||||
Ratios to average net assetse |
| |||||||||||||||||||
Total expenses |
0.09% | 0.09% | 0.09% | 0.09% | 0.09% | |||||||||||||||
Net investment income |
3.35% | 2.66% | 2.46% | 2.44% | 0.52% | |||||||||||||||
Supplemental data |
| |||||||||||||||||||
Net assets, end of period (000’s) |
$12,868 | $9,093 | $4,182 | $4,140 | $2,460 | |||||||||||||||
Portfolio turnover ratef |
3.30% | g | 5.79% | g | 5.74% | g | 10.75% | 1.75% |
aFor the period November 2, 2017 (commencement of operations) to March 31, 2018.
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: | 3.30% | 5.79% | 5.74% |
220 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Statement of Investments, September 30, 2021 (unaudited)
Industry | Shares | Value | ||||||||||||
Common Stocks 93.6% | ||||||||||||||
Germany 92.2% | ||||||||||||||
1&1 Drillisch AG |
Wireless Telecommunication Services | 380 | $ | 12,041 | ||||||||||
adidas AG |
Textiles, Apparel & Luxury Goods | 1,560 | 491,404 | |||||||||||
Allianz SE |
Insurance | 3,340 | 754,205 | |||||||||||
a,b |
Auto1 Group SE, 144A |
Specialty Retail | 750 | 27,441 | ||||||||||
BASF SE |
Chemicals | 7,440 | 567,797 | |||||||||||
Bayer AG |
Pharmaceuticals | 7,990 | 435,267 | |||||||||||
Bayerische Motoren Werke AG |
Automobiles | 2,610 | 250,337 | |||||||||||
Bechtle AG |
IT Services | 660 | 45,359 | |||||||||||
Beiersdorf AG |
Personal Products | 810 | 87,736 | |||||||||||
Brenntag AG |
Trading Companies & Distributors | 1,260 | 117,669 | |||||||||||
Carl Zeiss Meditec AG |
Health Care Equipment & Supplies | 300 | 57,733 | |||||||||||
a |
Commerzbank AG |
Banks | 8,470 | 56,493 | ||||||||||
a |
Continental AG |
Auto Components | 880 | 96,674 | ||||||||||
b |
Covestro AG, 144A |
Chemicals | 1,460 | 100,407 | ||||||||||
a |
CTS Eventim AG & Co. KGaA |
Entertainment | 480 | 36,326 | ||||||||||
Daimler AG |
Automobiles | 6,830 | 607,287 | |||||||||||
a,b |
Delivery Hero SE, 144A |
Internet & Direct Marketing Retail | 1,530 | 195,849 | ||||||||||
a |
Deutsche Bank AG |
Capital Markets | 16,620 | 212,611 | ||||||||||
Deutsche Boerse AG |
Capital Markets | 1,490 | 242,620 | |||||||||||
a |
Deutsche Lufthansa AG |
Airlines | 2,440 | 16,795 | ||||||||||
Deutsche Post AG |
Air Freight & Logistics | 7,950 | 501,960 | |||||||||||
Deutsche Telekom AG |
Diversified Telecommunication Services | 26,240 | 529,027 | |||||||||||
Deutsche Wohnen AG |
Real Estate Management & Development | 1,960 | 120,210 | |||||||||||
b |
DWS Group GmbH & Co. KGaA, 144A |
Capital Markets | 280 | 11,838 | ||||||||||
E.ON SE |
Multi-Utilities | 17,620 | 215,806 | |||||||||||
Evonik Industries AG |
Chemicals | 1,550 | 48,987 | |||||||||||
a |
Evotec SE |
Life Sciences Tools & Services | 1,190 | 56,835 | ||||||||||
Fielmann AG |
Specialty Retail | 200 | 13,363 | |||||||||||
a |
Fraport AG Frankfurt Airport Services Worldwide |
Transportation Infrastructure | 290 | 20,206 | ||||||||||
Fresenius Medical Care AG & Co. KGaA |
Health Care Providers & Services | 1,650 | 116,381 | |||||||||||
Fresenius SE & Co. KGaA |
Health Care Providers & Services | 3,310 | 159,333 | |||||||||||
Fuchs Petrolub SE |
Chemicals | 280 | 10,248 | |||||||||||
GEA Group AG |
Machinery | 1,350 | 61,942 | |||||||||||
Hannover Rueck SE |
Insurance | 490 | 85,949 | |||||||||||
HeidelbergCement AG |
Construction Materials | 1,210 | 90,843 | |||||||||||
a |
Hella GmbH & Co. KGaA |
Auto Components | 360 | 25,217 | ||||||||||
a |
HelloFresh SE |
Internet & Direct Marketing Retail | 1,330 | 123,251 | ||||||||||
Henkel AG & Co. KGaA |
Household Products | 820 | 70,848 | |||||||||||
Hochtief AG |
Construction & Engineering | 160 | 12,858 | |||||||||||
Infineon Technologies AG |
Semiconductors & Semiconductor Equipment | 10,590 | 436,008 | |||||||||||
KION Group AG |
Machinery | 640 | 59,976 | |||||||||||
Knorr-Bremse AG |
Machinery | 540 | 57,977 | |||||||||||
Lanxess AG |
Chemicals | 700 | 47,524 | |||||||||||
LEG Immobilien AG |
Real Estate Management & Development | 590 | 83,558 | |||||||||||
Merck KGaA |
Pharmaceuticals | 1,050 | 228,351 | |||||||||||
METRO AG |
Food & Staples Retailing | 1,060 | 13,808 | |||||||||||
MTU Aero Engines AG |
Aerospace & Defense | 430 | 97,377 | |||||||||||
Muenchener Rueckversicherungs-Gesellschaft Aktiengesellschaft in Muenchen |
Insurance | 1,140 | 312,993 | |||||||||||
Nemetschek AG |
Software | 440 | 46,251 | |||||||||||
ProSiebenSat.1 Media SE |
Media | 1,280 | 23,528 | |||||||||||
Puma SE |
Textiles, Apparel & Luxury Goods | 810 | 90,514 | |||||||||||
Rational AG |
Machinery | 27 | 25,490 | |||||||||||
Rheinmetall AG |
Industrial Conglomerates | 350 | 34,390 | |||||||||||
RWE AG |
Multi-Utilities | 5,120 | 181,278 | |||||||||||
SAP SE |
Software | 9,010 | 1,220,477 | |||||||||||
Sartorius AG |
Health Care Equipment & Supplies | 20 | 15,460 | |||||||||||
b,c |
Scout24 AG, 144A, Reg S |
Interactive Media & Services | 680 | 47,254 |
franklintempleton.com |
Semiannual Report |
221 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Germany ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Germany (continued) | ||||||||||||||
Siemens AG |
Industrial Conglomerates | 6,110 | $ | 1,004,962 | ||||||||||
a |
Siemens Energy AG |
Electrical Equipment | 3,480 | 93,690 | ||||||||||
b |
Siemens Healthineers AG, 144A |
Health Care Equipment & Supplies | 2,250 | 146,497 | ||||||||||
Symrise AG |
Chemicals | 1,030 | 135,666 | |||||||||||
a |
Talanx AG |
Insurance | 430 | 18,379 | ||||||||||
a,b |
TeamViewer AG, 144A |
Software | 1,290 | 37,959 | ||||||||||
Telefonica Deutschland Holding AG |
Diversified Telecommunication Services | 5,420 | 15,440 | |||||||||||
a |
thyssenkrupp AG |
Metals & Mining | 3,780 | 40,207 | ||||||||||
Traton SE |
Machinery | 400 | 10,292 | |||||||||||
Uniper SE |
Independent Power and Renewable Electricity Producers | 710 | 29,664 | |||||||||||
United Internet AG |
Diversified Telecommunication Services | 880 | 34,288 | |||||||||||
Vantage Towers AG |
Diversified Telecommunication Services | 560 | 19,029 | |||||||||||
Varta AG |
Electrical Equipment | 110 | 14,890 | |||||||||||
a |
Vitesco Technologies Group AG, A |
Auto Components | 176 | 10,403 | ||||||||||
Volkswagen AG |
Automobiles | 260 | 80,756 | |||||||||||
Vonovia SE |
Real Estate Management & Development | 4,680 | 281,500 | |||||||||||
Wacker Chemie AG |
Chemicals | 120 | 22,447 | |||||||||||
a,b |
Zalando SE, 144A |
Internet & Direct Marketing Retail | 1,770 | 162,712 | ||||||||||
|
|
|||||||||||||
11,868,148 | ||||||||||||||
|
|
|||||||||||||
Luxembourg 0.7% | ||||||||||||||
Aroundtown SA |
Real Estate Management & Development | 9,770 | 67,598 | |||||||||||
a |
RTL Group SA |
Media | 310 | 18,556 | ||||||||||
|
|
|||||||||||||
86,154 | ||||||||||||||
|
|
|||||||||||||
Netherlands 0.7% | ||||||||||||||
a |
QIAGEN NV |
Life Sciences Tools & Services | 1,800 | 93,437 | ||||||||||
|
|
|||||||||||||
Total
Common Stocks |
12,047,739 | |||||||||||||
|
|
|||||||||||||
Preferred Stocks 6.1% | ||||||||||||||
Germany 6.1% | ||||||||||||||
d |
Bayerische Motoren Werke AG, 2.909%, pfd. |
Automobiles | 470 | 35,951 | ||||||||||
d |
Fuchs Petrolub SE, 2.449%, pfd. |
Chemicals | 560 | 26,233 | ||||||||||
d |
Henkel AG & Co. KGaA, 2.307%, pfd. |
Household Products | 1,420 | 131,953 | ||||||||||
d |
Porsche Automobil Holding SE, 2.572%, pfd. |
Automobiles | 1,240 | 123,504 | ||||||||||
d |
Sartorius AG, 0.129%, pfd. |
Health Care Equipment & Supplies | 200 | 127,438 | ||||||||||
d |
Volkswagen AG, 2.510%, pfd. |
Automobiles | 1,490 | 334,384 | ||||||||||
|
|
|||||||||||||
Total
Preferred Stocks |
779,463 | |||||||||||||
|
|
|||||||||||||
Rights 0.0%† | ||||||||||||||
Germany 0.0%† | ||||||||||||||
a |
Deutsche Lufthansa AG, rts. 5/10/21 |
Airlines | 2,440 | 5,797 | ||||||||||
|
|
|||||||||||||
Total
Investments |
12,832,999 | |||||||||||||
Other Assets, less Liabilities 0.3% |
34,514 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 12,867,513 | ||||||||||||
|
|
†Rounds to less than 0.1% of net assets.
aNon-income producing.
222 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Germany ETF (continued)
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, 2021, the aggregate value of these securities was $729,957, representing 5.7% of net assets.
cSecurity was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. At September 30, 2021, the value of this security was $47,254, representing 0.4% of net assets.
dVariable rate security. The rate shown represents the yield at period end.
At September 30, 2021, 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 | ||||||||||||||||||||
Micro DAX |
Long | 1 | $ | 17,718 | 12/17/21 | $ | (466 | ) |
*As of period end.
See Note 8 regarding other derivative information.
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
223 |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE Hong Kong ETF
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, | |||||||||||||||||||
2021 | 2020 | 2019 | 2018a | |||||||||||||||||
Per share operating
performance (for a share outstanding throughout the period) |
| |||||||||||||||||||
Net asset value, beginning of period |
$ | 28.10 | $ | 20.58 | $ | 26.82 | $ | 26.17 | $ | 25.30 | ||||||||||
|
|
|||||||||||||||||||
Income from investment operationsb: |
| |||||||||||||||||||
Net investment incomec |
0.54 | 0.72 | 0.77 | 0.66 | 0.16 | |||||||||||||||
Net realized and unrealized gains (losses) |
(2.68 | ) | 7.61 | (6.25 | ) | 0.59 | 0.78 | |||||||||||||
|
|
|||||||||||||||||||
Total from investment operations |
(2.14 | ) | 8.33 | (5.48 | ) | 1.25 | 0.94 | |||||||||||||
|
|
|||||||||||||||||||
Less distributions from net investment income |
(0.26 | ) | (0.81 | ) | (0.76 | ) | (0.60 | ) | (0.07 | ) | ||||||||||
|
|
|||||||||||||||||||
Net asset value, end of period |
$ | 25.70 | $ | 28.10 | $ | 20.58 | $ | 26.82 | $ | 26.17 | ||||||||||
|
|
|||||||||||||||||||
Total returnd |
(7.70)% | 41.14% | (20.90)% | 4.97% | 3.70% | |||||||||||||||
Ratios to average net assetse |
| |||||||||||||||||||
Total expenses |
0.09% | 0.09% | 0.09% | 0.09% | 0.09% | |||||||||||||||
Net investment income |
3.84% | 2.99% | 3.10% | 2.67% | 1.49% | |||||||||||||||
Supplemental data |
| |||||||||||||||||||
Net assets, end of period (000’s) |
$15,418 | $16,862 | $15,433 | $20,118 | $7,852 | |||||||||||||||
Portfolio turnover ratef |
5.34% | g | 14.84% | g | 5.99% | g | 5.33% | 0.93% |
aFor the period November 2, 2017 (commencement of operations) to March 31, 2018.
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: | 5.34% | 14.84% | 5.99% |
224 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Statement of Investments, September 30, 2021 (unaudited)
Industry | Shares | Value | ||||||||||||
Common Stocks 99.7% | ||||||||||||||
Cambodia 0.2% | ||||||||||||||
NagaCorp Ltd. |
Hotels, Restaurants & Leisure | 42,000 | $ | 35,878 | ||||||||||
|
|
|||||||||||||
China 14.6% | ||||||||||||||
AAC Technologies Holdings Inc. |
Electronic Equipment, Instruments & Components | 19,500 | 93,058 | |||||||||||
a |
BeiGene Ltd. |
Biotechnology | 16,600 | 471,261 | ||||||||||
BOC Hong Kong (Holdings) Ltd. |
Banks | 100,000 | 301,876 | |||||||||||
b |
Budweiser Brewing Co. APAC Ltd., 144A |
Beverages | 47,200 | 119,688 | ||||||||||
a |
China Travel International Investment Hong Kong Ltd. |
Hotels, Restaurants & Leisure | 72,000 | 10,636 | ||||||||||
Chow Tai Fook Jewellery Co. Ltd. |
Specialty Retail | 48,000 | 91,873 | |||||||||||
a,b |
ESR Cayman Ltd., 144A |
Real Estate Management & Development | 50,400 | 153,117 | ||||||||||
a |
FIH Mobile Ltd. |
Electronic Equipment, Instruments & Components | 84,000 | 12,625 | ||||||||||
Kerry Logistics Network Ltd. |
Air Freight & Logistics | 8,000 | 17,121 | |||||||||||
Lee & Man Paper Manufacturing Ltd. |
Paper & Forest Products | 40,000 | 29,442 | |||||||||||
Lenovo Group Ltd. |
Technology Hardware, Storage & Peripherals | 208,000 | 223,640 | |||||||||||
Microport Scientific Corp. |
Health Care Equipment & Supplies | 13,200 | 74,439 | |||||||||||
Minth Group Ltd. |
Auto Components | 20,040 | 68,476 | |||||||||||
a |
MMG Ltd. |
Metals & Mining | 64,000 | 27,048 | ||||||||||
Nexteer Automotive Group Ltd. |
Auto Components | 20,000 | 20,656 | |||||||||||
a |
Shangri-La Asia Ltd. |
Hotels, Restaurants & Leisure | 32,000 | 25,445 | ||||||||||
Shui On Land Ltd. |
Real Estate Management & Development | 98,000 | 14,729 | |||||||||||
SITC International Holdings Co. Ltd. |
Marine | 33,000 | 118,483 | |||||||||||
The Wharf Holdings Ltd. |
Real Estate Management & Development | 37,400 | 124,192 | |||||||||||
Tingyi Cayman Islands Holding Corp. |
Food Products | 52,000 | 96,724 | |||||||||||
Towngas China Co. Ltd. |
Gas Utilities | 32,000 | 19,978 | |||||||||||
Uni-President China Holdings Ltd. |
Food Products | 32,000 | 30,460 | |||||||||||
Want Want China Holdings Ltd. |
Food Products | 148,000 | 111,979 | |||||||||||
|
|
|||||||||||||
2,256,946 | ||||||||||||||
|
|
|||||||||||||
Hong Kong 76.1% | ||||||||||||||
AIA Group Ltd. |
Insurance | 269,600 | 3,115,171 | |||||||||||
ASM Pacific Technology Ltd. |
Semiconductors & Semiconductor Equipment | 8,400 | 92,960 | |||||||||||
Cafe de Coral Holdings Ltd. |
Hotels, Restaurants & Leisure | 8,000 | 14,696 | |||||||||||
a |
Cathay Pacific Airways Ltd. |
Airlines | 28,000 | 23,559 | ||||||||||
Champion REIT |
Equity Real Estate Investment Trusts (REITs | ) | 56,000 | 29,350 | ||||||||||
CK Asset Holdings Ltd. |
Real Estate Management & Development | 55,000 | 318,640 | |||||||||||
CK Infrastructure Holdings Ltd. |
Electric Utilities | 17,500 | 97,789 | |||||||||||
CLP Holdings Ltd. |
Electric Utilities | 45,800 | 441,253 | |||||||||||
Dah Sing Banking Group Ltd. |
Banks | 9,600 | 8,793 | |||||||||||
Dah Sing Financial Group |
Banks | 4,000 | 11,947 | |||||||||||
Dairy Farm International Holdings Ltd. |
Food & Staples Retailing | 8,400 | 28,644 | |||||||||||
Guotai Junan International holdings Ltd. |
Capital Markets | 68,000 | 10,832 | |||||||||||
Haitong International Securities Group Ltd. |
Capital Markets | 72,000 | 19,053 | |||||||||||
Hang Lung Group Ltd. |
Real Estate Management & Development | 24,000 | 56,049 | |||||||||||
Hang Lung Properties Ltd. |
Real Estate Management & Development | 56,000 | 127,759 | |||||||||||
Hang Seng Bank Ltd. |
Banks | 20,000 | 343,240 | |||||||||||
Henderson Land Development Co. Ltd. |
Real Estate Management & Development | 36,000 | 138,041 | |||||||||||
Hong Kong and China Gas Co. Ltd. |
Gas Utilities | 300,000 | 454,741 | |||||||||||
Hong Kong Exchanges and Clearing Ltd. |
Capital Markets | 35,200 | 2,169,521 | |||||||||||
Hongkong Land Holdings Ltd. |
Real Estate Management & Development | 32,000 | 153,600 | |||||||||||
Huabao International Holdings Ltd. |
Chemicals | 24,000 | 47,046 | |||||||||||
Hutchison Telecommunications Hong Kong Holdings Ltd. |
Wireless Telecommunication Services | 32,000 | 4,974 | |||||||||||
Hysan Development Co. Ltd. |
Real Estate Management & Development | 17,000 | 55,359 | |||||||||||
Jardine Matheson Holdings Ltd. |
Industrial Conglomerates | 5,700 | 302,328 | |||||||||||
Johnson Electric Holdings Ltd. |
Auto Components | 10,000 | 21,324 | |||||||||||
Kerry Properties Ltd. |
Real Estate Management & Development | 17,000 | 44,877 | |||||||||||
a |
Lifestyle International Holdings Ltd. |
Multiline Retail | 12,000 | 6,520 |
franklintempleton.com |
Semiannual Report |
225 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Hong Kong ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Hong Kong (continued) | ||||||||||||||
Link REIT |
Equity Real Estate Investment Trusts (REITs | ) | 57,600 | $ | 493,895 | |||||||||
Man Wah Holdings Ltd. |
Household Durables | 41,600 | 61,347 | |||||||||||
a |
Melco International Development Ltd. |
Hotels, Restaurants & Leisure | 22,000 | 25,887 | ||||||||||
MTR Corp. Ltd. |
Road & Rail | 40,000 | 215,809 | |||||||||||
New World Development Co. Ltd. |
Real Estate Management & Development | 39,000 | 159,564 | |||||||||||
NWS Holdings Ltd. |
Industrial Conglomerates | 40,000 | 37,047 | |||||||||||
PCCW Ltd. |
Diversified Telecommunication Services | 116,000 | 59,604 | |||||||||||
Power Assets Holdings Ltd. |
Electric Utilities | 38,000 | 223,568 | |||||||||||
a |
Shun Tak Holdings Ltd. |
Industrial Conglomerates | 52,000 | 13,961 | ||||||||||
Sino Land Co. Ltd. |
Real Estate Management & Development | 96,400 | 129,777 | |||||||||||
Sun Hung Kai Properties Ltd. |
Real Estate Management & Development | 39,500 | 494,216 | |||||||||||
Swire Pacific Ltd., A |
Real Estate Management & Development | 14,000 | 83,266 | |||||||||||
Swire Pacific Ltd., B |
Real Estate Management & Development | 25,000 | 24,600 | |||||||||||
Swire Properties Ltd. |
Real Estate Management & Development | 29,600 | 74,222 | |||||||||||
Techtronic Industries Co. Ltd. |
Machinery | 34,800 | 693,349 | |||||||||||
The Bank of East Asia Ltd. |
Banks | 35,200 | 56,793 | |||||||||||
United Energy Group Ltd. |
Oil, Gas & Consumable Fuels | 208,000 | 26,719 | |||||||||||
Vinda International Holdings Ltd. |
Household Products | 8,000 | 23,636 | |||||||||||
Vitasoy International Holdings Ltd. |
Food Products | 22,200 | 56,465 | |||||||||||
VTech Holdings Ltd. |
Communications Equipment | 4,400 | 32,161 | |||||||||||
b |
WH Group Ltd., 144A |
Food Products | 232,248 | 165,579 | ||||||||||
Wharf Real Estate Investment Co. Ltd. |
Real Estate Management & Development | 46,000 | 238,135 | |||||||||||
Xinyi Glass Holdings Ltd. |
Building Products | 56,000 | 167,612 | |||||||||||
a |
Yue Yuen Industrial Holdings Ltd. |
Textiles, Apparel & Luxury Goods | 20,000 | 40,439 | ||||||||||
|
|
|||||||||||||
11,735,717 | ||||||||||||||
|
|
|||||||||||||
Indonesia 0.2% | ||||||||||||||
First Pacific Co. Ltd. |
Food Products | 64,000 | 23,020 | |||||||||||
|
|
|||||||||||||
Italy 0.5% | ||||||||||||||
Prada SpA |
Textiles, Apparel & Luxury Goods | 14,000 | 77,422 | |||||||||||
|
|
|||||||||||||
Luxembourg 0.3% | ||||||||||||||
L’Occitane International SA |
Personal Products | 12,000 | 40,464 | |||||||||||
|
|
|||||||||||||
Macau 3.5% | ||||||||||||||
a |
Galaxy Entertainment Group Ltd. |
Hotels, Restaurants & Leisure | 59,700 | 306,757 | ||||||||||
a |
Macau Legend Development Ltd. |
Hotels, Restaurants & Leisure | 40,000 | 4,522 | ||||||||||
a |
MGM China Holdings Ltd. |
Hotels, Restaurants & Leisure | 20,800 | 12,932 | ||||||||||
a |
Sands China Ltd. |
Hotels, Restaurants & Leisure | 67,200 | 138,118 | ||||||||||
a |
SJM Holdings Ltd. |
Hotels, Restaurants & Leisure | 52,000 | 35,403 | ||||||||||
a |
Wynn Macau Ltd. |
Hotels, Restaurants & Leisure | 40,000 | 33,502 | ||||||||||
|
|
|||||||||||||
531,234 | ||||||||||||||
|
|
|||||||||||||
Singapore 0.3% | ||||||||||||||
b |
BOC Aviation Ltd., 144A |
Trading Companies & Distributors | 5,600 | 46,903 | ||||||||||
|
|
|||||||||||||
Taiwan 0.0%† | ||||||||||||||
a,b |
FIT Hon Teng Ltd., 144A |
Electronic Equipment, Instruments & Components | 28,000 | 5,863 | ||||||||||
|
|
|||||||||||||
United Kingdom 3.2% | ||||||||||||||
CK Hutchison Holdings Ltd. |
Industrial Conglomerates | 74,500 | 497,168 | |||||||||||
|
|
|||||||||||||
United States 0.8% | ||||||||||||||
b |
JS Global Lifestyle Co. Ltd., 144A |
Household Durables | 18,000 | 41,852 | ||||||||||
a,b |
Samsonite International SA, 144A |
Textiles, Apparel & Luxury Goods | 35,400 | 76,396 | ||||||||||
|
|
|||||||||||||
118,248 | ||||||||||||||
|
|
|||||||||||||
Total
Investments |
15,368,863 | |||||||||||||
Other Assets, less Liabilities 0.3% |
48,696 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 15,417,559 | ||||||||||||
|
|
226 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Hong Kong ETF (continued)
†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, 2021, the aggregate value of these securities was $609,398, representing 4.0% of net assets.
At September 30, 2021, 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 | ||||||||||||||||||||
HKG Mini Hang Seng Index |
Long | 1 | $ | 31,503 | 10/28/21 | $ | 53 |
*As of period end.
See Note 8 regarding other derivative information.
See Abbreviations on page 339.
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
227 |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE India ETF
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, | |||||||||||||||||||
2021 | 2020 | 2019 | 2018a | |||||||||||||||||
Per share operating
performance (for a share outstanding throughout the period) |
| |||||||||||||||||||
Net asset value, beginning of period |
$ | 27.70 | $ | 15.98 | $ | 23.36 | $ | 22.74 | $ | 23.72 | ||||||||||
|
|
|||||||||||||||||||
Income from investment operationsb: |
| |||||||||||||||||||
Net investment incomec |
0.17 | 0.20 | 0.26 | 0.29 | 0.09 | |||||||||||||||
Net realized and unrealized gains (losses) |
4.96 | 11.70 | (7.43 | ) | 0.53 | (1.07 | ) | |||||||||||||
|
|
|||||||||||||||||||
Total from investment operations |
5.13 | 11.90 | (7.17 | ) | 0.82 | (0.98 | ) | |||||||||||||
|
|
|||||||||||||||||||
Less distributions from net investment income |
(0.05 | ) | (0.18 | ) | (0.21 | ) | (0.20 | ) | — | |||||||||||
|
|
|||||||||||||||||||
Net asset value, end of period |
$ | 32.78 | $ | 27.70 | $ | 15.98 | $ | 23.36 | $ | 22.74 | ||||||||||
|
|
|||||||||||||||||||
Total returnd |
18.52% | 74.87% | (30.98)% | 3.66% | (4.13)% | |||||||||||||||
Ratios to average net assetse |
| |||||||||||||||||||
Total expenses |
0.19% | 0.19% | 0.19% | 0.19% | 0.19% | |||||||||||||||
Net investment income |
1.15% | 0.89% | 1.20% | 1.33% | 2.78% | |||||||||||||||
Supplemental data |
| |||||||||||||||||||
Net assets, end of period (000’s) |
$37,699 | $23,544 | $8,790 | $7,007 | $2,274 | |||||||||||||||
Portfolio turnover ratef |
5.01% | g | 23.48% | g | 36.55% | g | 8.03% | 1.59% |
aFor the period February 6, 2018 (commencement of operations) to March 31, 2018.
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: | 5.01% | 16.91% | 36.55% |
228 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Statement of Investments, September 30, 2021 (unaudited)
Industry | Shares | Value | ||||||||||||
Common Stocks 102.5% | ||||||||||||||
India 102.5% | ||||||||||||||
a |
3M India Ltd. |
Industrial Conglomerates | 102 | $ | 34,124 | |||||||||
Aarti Industries Ltd. |
Chemicals | 6,693 | 83,843 | |||||||||||
ABB India Ltd. |
Electrical Equipment | 1,817 | 45,790 | |||||||||||
ACC Ltd. |
Construction Materials | 3,013 | 91,513 | |||||||||||
Adani Enterprises Ltd. |
Trading Companies & Distributors | 9,430 | 186,510 | |||||||||||
a |
Adani Green Energy Ltd. |
Independent Power and Renewable Electricity Producers | 14,007 | 216,368 | ||||||||||
Adani Ports And Special Economic Zone Ltd. |
Transportation Infrastructure | 27,324 | 271,629 | |||||||||||
a |
Adani Power Ltd. |
Independent Power and Renewable Electricity Producers | 32,775 | 42,874 | ||||||||||
Adani Total Gas Ltd |
Gas Utilities | 9,936 | 190,501 | |||||||||||
a |
Adani Transmission Ltd. |
Electric Utilities | 8,924 | 187,371 | ||||||||||
a |
Aditya Birla Capital Ltd. |
Diversified Financial Services | 16,468 | 25,015 | ||||||||||
Alkem Laboratories Ltd. |
Pharmaceuticals | 897 | 48,105 | |||||||||||
Ambuja Cements Ltd. |
Construction Materials | 24,541 | 132,314 | |||||||||||
Apollo Hospitals Enterprise Ltd. |
Health Care Providers & Services | 3,519 | 212,465 | |||||||||||
Ashok Leyland Ltd. |
Machinery | 51,175 | 92,246 | |||||||||||
Asian Paints Ltd. |
Chemicals | 16,123 | 704,772 | |||||||||||
Astral Poly Technik Ltd. |
Building Products | 3,197 | 93,049 | |||||||||||
a,b |
AU Small Finance Bank Ltd., 144A |
Banks | 5,451 | 85,498 | ||||||||||
Aurobindo Pharma Ltd. |
Pharmaceuticals | 9,499 | 92,754 | |||||||||||
a,b |
Avenue Supermarts Ltd., 144A |
Food & Staples Retailing | 5,290 | 302,901 | ||||||||||
a |
Axis Bank Ltd. |
Banks | 81,052 | 837,027 | ||||||||||
Bajaj Auto Ltd. |
Automobiles | 2,507 | 129,446 | |||||||||||
Bajaj Finance Ltd. |
Consumer Finance | 8,395 | 867,249 | |||||||||||
Bajaj Finserv Ltd. |
Diversified Financial Services | 1,380 | 330,682 | |||||||||||
Bajaj Holdings & Investment Ltd. |
Diversified Financial Services | 966 | 62,579 | |||||||||||
Balkrishna Industries Ltd. |
Auto Components | 2,852 | 97,349 | |||||||||||
b |
Bandhan Bank Ltd, 144A |
Banks | 28,198 | 107,508 | ||||||||||
a |
Bank of Baroda |
Banks | 36,432 | 40,124 | ||||||||||
a |
Bank of India |
Banks | 12,581 | 9,407 | ||||||||||
Bata India Ltd. |
Textiles, Apparel & Luxury Goods | 2,162 | 51,792 | |||||||||||
Bayer Cropscience Ltd. |
Chemicals | 460 | 32,833 | |||||||||||
Berger Paints India Ltd. |
Chemicals | 8,349 | 90,995 | |||||||||||
Bharat Electronics Ltd. |
Aerospace & Defense | 38,962 | 106,528 | |||||||||||
Bharat Forge Ltd. |
Auto Components | 9,016 | 89,574 | |||||||||||
a |
Bharat Heavy Electricals Ltd. |
Electrical Equipment | 45,609 | 39,724 | ||||||||||
Bharat Petroleum Corp. Ltd. |
Oil, Gas & Consumable Fuels | 36,409 | 211,996 | |||||||||||
a |
Bharti Airtel Ltd. |
Wireless Telecommunication Services | 81,581 | 756,488 | ||||||||||
Bharti Infratel Ltd. |
Diversified Telecommunication Services | 44,735 | 186,046 | |||||||||||
a |
Biocon Ltd. |
Biotechnology | 16,169 | 79,007 | ||||||||||
Bosch Ltd. |
Auto Components | 322 | 67,129 | |||||||||||
Britannia Industries Ltd. |
Food Products | 4,232 | 225,145 | |||||||||||
Cadila Healthcare Ltd. |
Pharmaceuticals | 8,763 | 65,149 | |||||||||||
a |
Canara Bank Ltd. |
Banks | 11,799 | 27,500 | ||||||||||
Castrol India Ltd. |
Chemicals | 17,342 | 32,755 | |||||||||||
Cholamandalam Investment and Finance Co. Ltd. |
Consumer Finance | 14,329 | 108,924 | |||||||||||
Cipla Ltd. |
Pharmaceuticals | 18,285 | 242,285 | |||||||||||
Coal India Ltd. |
Oil, Gas & Consumable Fuels | 67,574 | 168,508 | |||||||||||
Colgate-Palmolive (India) Ltd. |
Personal Products | 4,715 | 106,048 | |||||||||||
Container Corp. of India Ltd. |
Road & Rail | 9,844 | 93,404 | |||||||||||
Coromandel International Ltd. |
Chemicals | 3,841 | 41,110 | |||||||||||
Cummins India Ltd. |
Machinery | 4,853 | 64,854 | |||||||||||
Dabur India Ltd. |
Personal Products | 18,929 | 157,356 | |||||||||||
Dalmia Bharat Ltd. |
Construction Materials | 2,967 | 84,170 | |||||||||||
Divi’s Laboratories Ltd. |
Life Sciences Tools & Services | 4,531 | 292,923 | |||||||||||
DLF Ltd. |
Real Estate Management & Development | 21,229 | 119,319 | |||||||||||
Dr Reddy’s Laboratories Ltd. |
Pharmaceuticals | 4,278 | 281,292 |
franklintempleton.com |
Semiannual Report |
229 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE India ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
India (continued) | ||||||||||||||
Eicher Motors Ltd. |
Automobiles | 4,761 | $ | 178,965 | ||||||||||
Emami Ltd. |
Personal Products | 7,498 | 57,982 | |||||||||||
Embassy Office Parks REIT |
Equity Real Estate Investment Trusts (REITs | ) | 19,021 | 86,888 | ||||||||||
Exide Industries Ltd. |
Auto Components | 16,376 | 39,325 | |||||||||||
Federal Bank Ltd. |
Banks | 55,568 | 63,108 | |||||||||||
GAIL India Ltd. |
Gas Utilities | 63,572 | 136,047 | |||||||||||
a,b |
General Insurance Corp. of India, 144A |
Insurance | 3,496 | 6,832 | ||||||||||
Gillette India Ltd. |
Personal Products | 276 | 21,934 | |||||||||||
GlaxoSmithKline Pharmaceuticals Ltd. |
Pharmaceuticals | 1,518 | 30,282 | |||||||||||
Glenmark Pharmaceuticals Ltd. |
Pharmaceuticals | 5,390 | 37,066 | |||||||||||
a |
GMR Infrastructure Ltd. |
Transportation Infrastructure | 76,774 | 39,666 | ||||||||||
a |
Godrej Consumer Products Ltd. |
Personal Products | 13,018 | 180,624 | ||||||||||
a |
Godrej Industries Ltd. |
Industrial Conglomerates | 3,036 | 23,688 | ||||||||||
a |
Godrej Properties Ltd. |
Real Estate Management & Development | 3,174 | 98,858 | ||||||||||
Grasim Industries Ltd. |
Construction Materials | 13,685 | 307,789 | |||||||||||
Gujarat Gas Ltd. |
Gas Utilities | 7,153 | 61,428 | |||||||||||
Havell’s India Ltd. |
Electrical Equipment | 8,602 | 159,124 | |||||||||||
HCL Technologies Ltd. |
IT Services | 38,801 | 668,860 | |||||||||||
b |
HDFC Asset Management Co. Ltd., 144A, |
Capital Markets | 2,369 | 92,829 | ||||||||||
b |
HDFC Life Insurance Co. Ltd., 144A |
Insurance | 33,166 | 322,780 | ||||||||||
Hero Motocorp Ltd. |
Automobiles | 4,646 | 177,290 | |||||||||||
Hindalco Industries Ltd. |
Metals & Mining | 50,416 | 331,420 | |||||||||||
Hindustan Aeronautics Ltd. |
Aerospace & Defense | 1,265 | 23,083 | |||||||||||
Hindustan Petroleum Corp. Ltd. |
Oil, Gas & Consumable Fuels | 24,794 | 100,208 | |||||||||||
Hindustan Unilever Ltd. |
Household Products | 31,717 | 1,154,464 | |||||||||||
Hindustan Zinc Ltd. |
Metals & Mining | 8,280 | 34,759 | |||||||||||
Honeywell Automation India Ltd. |
Electronic Equipment, Instruments & Components | 79 | 48,654 | |||||||||||
Housing Development Finance Corp. Ltd. |
Thrifts & Mortgage Finance | 62,307 | 2,311,976 | |||||||||||
ICICI Bank Ltd. |
Banks | 55,614 | 525,103 | |||||||||||
b,c |
ICICI Lombard General Insurance Co. Ltd., 144A, Reg S |
Insurance | 7,153 | 153,174 | ||||||||||
b,c |
ICICI Prudential Life Insurance Co. Ltd., 144A, Reg S |
Insurance | 12,811 | 115,955 | ||||||||||
a |
IDFC First Bank Ltd. |
Banks | 108,560 | 69,690 | ||||||||||
Indiabulls Housing Finance Ltd. |
Thrifts & Mortgage Finance | 12,167 | 37,971 | |||||||||||
Indian Oil Corp. Ltd. |
Oil, Gas & Consumable Fuels | 97,658 | 164,852 | |||||||||||
Indian Railway Catering and Tourism Corp. Ltd. |
Commercial Services & Supplies | 1,886 | 96,514 | |||||||||||
b |
Indian Railway Finance Corp. Ltd., 144A |
Diversified Financial Services | 63,664 | 19,598 | ||||||||||
Indraprastha Gas Ltd. |
Gas Utilities | 12,489 | 89,696 | |||||||||||
Info Edge India Ltd. |
Interactive Media & Services | 2,691 | 233,160 | |||||||||||
Infosys Ltd. |
IT Services | 128,501 | 2,900,069 | |||||||||||
a,b,c |
InterGlobe Aviation Ltd., 144A, Reg S |
Airlines | 3,473 | 94,592 | ||||||||||
IPCA Laboratories Ltd. |
Pharmaceuticals | 2,461 | 79,948 | |||||||||||
ITC Ltd. |
Tobacco | 105,593 | 335,937 | |||||||||||
a |
Jindal Steel & Power Ltd. |
Metals & Mining | 14,168 | 74,297 | ||||||||||
JSW Energy Ltd. |
Independent Power and Renewable Electricity Producers | 13,639 | 71,643 | |||||||||||
JSW Steel Ltd. |
Metals & Mining | 35,719 | 321,592 | |||||||||||
Jubilant Foodworks Ltd. |
Hotels, Restaurants & Leisure | 2,622 | 142,740 | |||||||||||
Kansai Nerolac Paints Ltd. |
Chemicals | 4,646 | 39,636 | |||||||||||
a |
L&T Finance Holdings Ltd. |
Diversified Financial Services | 31,947 | 39,144 | ||||||||||
b |
L&T Technology Services Ltd., 144A |
Professional Services | 920 | 58,223 | ||||||||||
b,c |
Larsen & Toubro Infotech Ltd.,, 144A, Reg S |
IT Services | 1,610 | 125,047 | ||||||||||
Larsen & Toubro Ltd. |
Construction & Engineering | 24,633 | 565,138 | |||||||||||
b |
Laurus Labs Ltd., 144A |
Pharmaceuticals | 12,903 | 107,158 | ||||||||||
LIC Housing Finance Ltd. |
Thrifts & Mortgage Finance | 10,773 | 61,980 |
230 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE India ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
India (continued) | ||||||||||||||
Lupin Ltd. |
Pharmaceuticals | 8,579 | $ | 109,983 | ||||||||||
Mahindra & Mahindra Financial Services Ltd. |
Consumer Finance | 20,976 | 52,336 | |||||||||||
Mahindra & Mahindra Ltd. |
Automobiles | 32,844 | 355,332 | |||||||||||
a |
Mangalore Refinery and Petrochemicals Ltd. |
Oil, Gas & Consumable Fuels | 7,176 | 4,515 | ||||||||||
Marico Ltd. |
Personal Products | 18,469 | 136,227 | |||||||||||
Maruti Suzuki India Ltd. |
Automobiles | 4,692 | 463,846 | |||||||||||
a |
Max Financial Services Ltd. |
Insurance | 8,648 | 118,173 | ||||||||||
Mindtree Ltd. |
IT Services | 1,541 | 87,196 | |||||||||||
Motherson Sumi Systems Ltd. |
Auto Components | 43,194 | 131,483 | |||||||||||
Mphasis Ltd. |
IT Services | 3,220 | 134,669 | |||||||||||
MRF Ltd. |
Auto Components | 97 | 103,727 | |||||||||||
Muthoot Finance Ltd. |
Consumer Finance | 3,404 | 66,509 | |||||||||||
Nestle India Ltd. |
Food Products | 1,288 | 337,420 | |||||||||||
NHPC Ltd. |
Independent Power and Renewable Electricity Producers | 81,558 | 32,798 | |||||||||||
b |
Nippon Life India Asset Management Ltd., 144A |
Capital Markets | 5,301 | 30,377 | ||||||||||
NMDC Ltd. |
Metals & Mining | 26,979 | 51,975 | |||||||||||
NTPC Ltd. |
Independent Power and Renewable Electricity Producers | 158,355 | 302,619 | |||||||||||
a |
Oberoi Realty Ltd. |
Real Estate Management & Development | 4,186 | 54,375 | ||||||||||
Oil & Natural Gas Corp. Ltd. |
Oil, Gas & Consumable Fuels | 107,939 | 210,127 | |||||||||||
Oil India Ltd. |
Oil, Gas & Consumable Fuels | 11,822 | 41,441 | |||||||||||
Oracle Financial Services Software Ltd. |
Software | 828 | 50,821 | |||||||||||
Page Industries Ltd. |
Textiles, Apparel & Luxury Goods | 207 | 88,416 | |||||||||||
Petronet LNG Ltd. |
Oil, Gas & Consumable Fuels | 26,841 | 86,261 | |||||||||||
PI Industries Ltd. |
Chemicals | 2,622 | 112,271 | |||||||||||
Pidilite Industries Ltd. |
Chemicals | 5,405 | 173,446 | |||||||||||
Piramal Enterprises Ltd. |
Diversified Financial Services | 4,485 | 156,844 | |||||||||||
Polycab India Ltd. |
Electrical Equipment | 920 | 29,610 | |||||||||||
Power Finance Corp. Ltd. |
Diversified Financial Services | 41,492 | 79,432 | |||||||||||
Power Grid Corp. of India Ltd. |
Electric Utilities | 112,263 | 287,208 | |||||||||||
a |
Punjab National Bank Ltd. |
Banks | 39,928 | 21,570 | ||||||||||
Rajesh Exports Ltd. |
Textiles, Apparel & Luxury Goods | 4,853 | 38,378 | |||||||||||
a,b,c |
RBL Bank Ltd., 144A, Reg S |
Banks | 15,824 | 40,697 | ||||||||||
REC Ltd. |
Diversified Financial Services | 33,419 | 71,068 | |||||||||||
Reliance Industries Ltd. |
Oil, Gas & Consumable Fuels | 6,003 | 151,325 | |||||||||||
Reliance Industries Ltd. |
Oil, Gas & Consumable Fuels | 111,044 | 3,768,786 | |||||||||||
a |
SBI Cards & Payment Services Ltd. |
Consumer Finance | 9,200 | 127,612 | ||||||||||
b |
SBI Life Insurance Co. Ltd., 144A |
Insurance | 14,996 | 245,484 | ||||||||||
Shree Cement Ltd. |
Construction Materials | 483 | 188,063 | |||||||||||
Shriram Transport Finance Co. Ltd. |
Consumer Finance | 7,084 | 123,957 | |||||||||||
Siemens Ltd. |
Industrial Conglomerates | 3,082 | 88,415 | |||||||||||
SRF Ltd. |
Chemicals | 1,012 | 153,777 | |||||||||||
State Bank of India |
Banks | 63,779 | 389,234 | |||||||||||
Steel Authority of India Ltd. |
Metals & Mining | 35,420 | 54,232 | |||||||||||
Sun Pharmaceutical Industries Ltd. |
Pharmaceuticals | 38,870 | 428,485 | |||||||||||
Sun TV Network Ltd. |
Media | 3,496 | 23,801 | |||||||||||
Sundaram Finance Ltd. |
Consumer Finance | 2,438 | 80,475 | |||||||||||
Tata Communications Ltd. |
Diversified Telecommunication Services | 4,094 | 76,762 | |||||||||||
Tata Consultancy Services Ltd. |
IT Services | 36,869 | 1,875,326 | |||||||||||
Tata Consumer Products Ltd. |
Food Products | 21,597 | 236,722 | |||||||||||
a |
Tata Motors Ltd. |
Automobiles | 65,803 | 295,516 | ||||||||||
a |
Tata Motors Ltd., A |
Automobiles | 13,639 | 34,783 | ||||||||||
Tata Power Co. Ltd. |
Electric Utilities | 72,335 | 154,703 | |||||||||||
Tata Steel Ltd. |
Metals & Mining | 28,520 | 495,227 | |||||||||||
Tech Mahindra Ltd. |
IT Services | 21,551 | 400,839 | |||||||||||
Titan Co. Ltd. |
Textiles, Apparel & Luxury Goods | 14,881 | 433,404 |
franklintempleton.com |
Semiannual Report |
231 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE India ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
India (continued) | ||||||||||||||
Torrent Pharmaceuticals Ltd. |
Pharmaceuticals | 1,748 | $ | 72,661 | ||||||||||
Torrent Power Ltd. |
Electric Utilities | 7,682 | 52,269 | |||||||||||
Trent Ltd. |
Multiline Retail | 6,463 | 89,321 | |||||||||||
TVS Motor Co. Ltd. |
Automobiles | 7,107 | 52,608 | |||||||||||
UltraTech Cement Ltd. |
Construction Materials | 4,071 | 405,638 | |||||||||||
a |
Union Bank of India Ltd. |
Banks | 18,469 | 9,020 | ||||||||||
United Breweries Ltd. |
Beverages | 2,461 | 52,103 | |||||||||||
a |
United Spirits Ltd. |
Beverages | 10,327 | 118,689 | ||||||||||
UPL Ltd. |
Chemicals | 19,159 | 182,666 | |||||||||||
Varun Beverages Ltd. |
Beverages | 4,793 | 57,960 | |||||||||||
Vedanta Ltd. |
Metals & Mining | 43,907 | 170,151 | |||||||||||
a |
Vodafone Idea Ltd. |
Wireless Telecommunication Services | 286,948 | 46,003 | ||||||||||
Voltas Ltd. |
Construction & Engineering | 8,211 | 134,740 | |||||||||||
Whirlpool of India Ltd. |
Household Durables | 1,104 | 33,984 | |||||||||||
Wipro Ltd. |
IT Services | 45,080 | 385,103 | |||||||||||
a |
Yes Bank Ltd. |
Banks | 31,573 | 5,338 | ||||||||||
Zee Entertainment Enterprises Ltd. |
Media | 29,624 | 121,006 | |||||||||||
Rights 0.0%† | ||||||||||||||
India 0.0%† | ||||||||||||||
a |
Bharti Airtel Ltd., rts., 10/21/21 |
Wireless Telecommunication Services | 5,827 | — | ||||||||||
|
|
|||||||||||||
Total Investments (Cost $28,596,485) 102.5% |
38,639,991 | |||||||||||||
Other Assets, less Liabilities (2.5)% |
(941,311 | ) | ||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 37,698,680 | ||||||||||||
|
|
†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, 2021, the aggregate value of these securities was $1,908,653, representing 5.1% of net assets.
cSecurity was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. At September 30, 2021, the aggregate value of these securities was $529,465, representing 1.4% of net assets.
At September 30, 2021, 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 | ||||||||||||||||||||
SGX Nifty 50 |
Long | 5 | $ | 176,020 | 10/28/21 | $ | (473 | ) |
*As of period end.
See Note 8 regarding other derivative information.
See Abbreviations on page 339.
232 |
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, 2021 (unaudited) |
Year Ended March 31, | |||||||||||||||||||
2021 | 2020 | 2019 | 2018a | |||||||||||||||||
Per share operating
performance (for a share outstanding throughout the period) |
| |||||||||||||||||||
Net asset value, beginning of period |
$ | 26.50 | $ | 17.61 | $ | 23.13 | $ | 26.27 | $ | 25.51 | ||||||||||
|
|
|||||||||||||||||||
Income from investment operationsb: |
| |||||||||||||||||||
Net investment incomec |
0.51 | 0.67 | 0.90 | 0.46 | 0.11 | |||||||||||||||
Net realized and unrealized gains (losses) |
0.20 | 8.80 | (5.52 | ) | (2.99 | ) | 0.70 | |||||||||||||
|
|
|||||||||||||||||||
Total from investment operations |
0.71 | 9.47 | (4.62 | ) | (2.53 | ) | 0.81 | |||||||||||||
|
|
|||||||||||||||||||
Less distributions from net investment income |
(0.42 | ) | (0.58 | ) | (0.90 | ) | (0.61 | ) | (0.05 | ) | ||||||||||
|
|
|||||||||||||||||||
Net asset value, end of period |
$ | 26.79 | $ | 26.50 | $ | 17.61 | $ | 23.13 | $ | 26.27 | ||||||||||
|
|
|||||||||||||||||||
Total returnd |
2.58% | 54.64% | (20.84)% | (9.67)% | 3.19% | |||||||||||||||
Ratios to average net assetse |
| |||||||||||||||||||
Total expenses |
0.09% | 0.09% | 0.09% | 0.09% | 0.09% | |||||||||||||||
Net investment income |
3.68% | 3.04% | 3.85% | 2.05% | 1.01% | |||||||||||||||
Supplemental data |
| |||||||||||||||||||
Net assets, end of period (000’s) |
$4,019 | $3,974 | $2,641 | $10,410 | $2,627 | |||||||||||||||
Portfolio turnover ratef |
8.02% | g | 17.45% | g | 9.89% | g | 16.67% | 3.09% |
aFor the period November 2, 2017 (commencement of operations) to March 31, 2018.
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: | 8.02% | 17.45% | 9.89% |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
233 |
FRANKLIN TEMPLETON ETF TRUST
Statement of Investments, September 30, 2021 (unaudited)
Industry | Shares | Value | ||||||||||||
Common Stocks 100.0% | ||||||||||||||
Italy 86.1% | ||||||||||||||
A2A SpA |
Multi-Utilities | 15,375 | $ | 31,637 | ||||||||||
Amplifon SpA |
Health Care Providers & Services | 1,311 | 62,599 | |||||||||||
Assicurazioni Generali SpA |
Insurance | 8,979 | 191,370 | |||||||||||
a |
Atlantia SpA |
Transportation Infrastructure | 5,001 | 94,908 | ||||||||||
Banca Mediolanum SpA |
Diversified Financial Services | 2,442 | 26,462 | |||||||||||
Buzzi Unicem SpA |
Construction Materials | 960 | 21,968 | |||||||||||
Davide Campari-Milano NV |
Beverages | 5,022 | 70,891 | |||||||||||
De’ Longhi SpA |
Household Durables | 717 | 25,826 | |||||||||||
DiaSorin SpA |
Health Care Equipment & Supplies | 228 | 47,920 | |||||||||||
Enel SpA |
Electric Utilities | 61,713 | 475,695 | |||||||||||
Eni SpA |
Oil, Gas & Consumable Fuels | 21,210 | 283,816 | |||||||||||
Ferrari NV |
Automobiles | 1,047 | 219,568 | |||||||||||
a |
FinecoBank Banca Fineco SpA |
Banks | 6,219 | 112,942 | ||||||||||
Hera SpA |
Multi-Utilities | 7,986 | 32,727 | |||||||||||
b |
Infrastrutture Wireless Italiane SpA, 144A |
Diversified Telecommunication Services | 3,576 | 39,935 | ||||||||||
Interpump Group SpA |
Machinery | 816 | 52,959 | |||||||||||
Intesa Sanpaolo SpA |
Banks | 135,216 | 384,485 | |||||||||||
Italgas Reti SpA |
Gas Utilities | 4,974 | 31,936 | |||||||||||
a |
Leonardo SpA |
Aerospace & Defense | 4,065 | 33,515 | ||||||||||
a |
Mediobanca Banca di Credito Finanziario SpA |
Banks | 7,068 | 85,519 | ||||||||||
Moncler SpA |
Textiles, Apparel & Luxury Goods | 2,046 | 125,722 | |||||||||||
a,b |
Nexi SpA, 144A |
IT Services | 6,003 | 112,428 | ||||||||||
b |
Pirelli & C SpA, 144A |
Auto Components | 5,379 | 31,669 | ||||||||||
b |
Poste Italiane SpA, 144A |
Insurance | 4,635 | 64,085 | ||||||||||
Prysmian SpA |
Electrical Equipment | 2,685 | 94,349 | |||||||||||
Recordati Industria Chimica e Farmaceutica SpA |
Pharmaceuticals | 984 | 57,340 | |||||||||||
Reply SpA |
IT Services | 231 | 42,674 | |||||||||||
Snam SpA |
Gas Utilities | 22,299 | 123,945 | |||||||||||
Telecom Italia SpA/Milano |
Diversified Telecommunication Services | 109,056 | 42,897 | |||||||||||
Telecom Italia SpA/Milano, di Risp |
Diversified Telecommunication Services | 61,305 | 24,860 | |||||||||||
Tenaris SA |
Energy Equipment & Services | 4,761 | 50,167 | |||||||||||
Terna Rete Elettrica Nazionale SpA |
Electric Utilities | 14,325 | 101,870 | |||||||||||
UniCredit SpA |
Banks | 18,639 | 248,419 | |||||||||||
UnipolSai Assicurazioni SpA |
Insurance | 4,287 | 12,083 | |||||||||||
|
|
|||||||||||||
3,459,186 | ||||||||||||||
|
|
|||||||||||||
Netherlands 2.2% | ||||||||||||||
EXOR NV |
Diversified Financial Services | 1,056 | 89,243 | |||||||||||
|
|
|||||||||||||
United Kingdom 3.7% | ||||||||||||||
CNH Industrial NV |
Machinery | 8,799 | 149,905 | |||||||||||
|
|
|||||||||||||
United States 8.0% | ||||||||||||||
Stellantis NV |
Automobiles | 16,668 | 319,162 | |||||||||||
|
|
|||||||||||||
Total Investments (Cost $3,406,936) 100.0% |
4,017,496 | |||||||||||||
Other Assets, less Liabilities 0.0%† |
1,022 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 4,018,518 | ||||||||||||
|
|
†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, 2021, the aggregate value of these securities was $248,117, representing 6.2% of net assets.
234 |
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, 2021 (unaudited) |
Year Ended March 31, | |||||||||||||||||||
2021 | 2020 | 2019 | 2018a | |||||||||||||||||
Per share operating performance (for a share outstanding throughout the period) |
||||||||||||||||||||
Net asset value, beginning of period |
$ | 30.25 | $ | 21.93 | $ | 24.18 | $ | 26.69 | $ | 25.91 | ||||||||||
|
|
|||||||||||||||||||
Income from investment operationsb: |
| |||||||||||||||||||
Net investment incomec |
0.30 | 0.53 | 0.56 | 0.59 | 0.44 | |||||||||||||||
Net realized and unrealized gains (losses) |
0.84 | 8.24 | (2.22 | ) | (2.76 | ) | 0.37 | |||||||||||||
|
|
|||||||||||||||||||
Total from investment operations |
1.14 | 8.77 | (1.66 | ) | (2.17 | ) | 0.81 | |||||||||||||
|
|
|||||||||||||||||||
Less distributions from net investment income |
(0.39 | ) | (0.45 | ) | (0.59 | ) | (0.34 | ) | (0.03 | ) | ||||||||||
|
|
|||||||||||||||||||
Net asset value, end of period |
$ | 31.00 | $ | 30.25 | $ | 21.93 | $ | 24.18 | $ | 26.69 | ||||||||||
|
|
|||||||||||||||||||
Total returnd |
3.81% | 40.23% | (7.15)% | (8.10)% | 3.11% | |||||||||||||||
Ratios to average net assetse |
| |||||||||||||||||||
Expenses before waiver and payments by affiliates |
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% | —% | |||||||||||||||
Net investment income |
1.99% | 1.98% | 2.30% | 2.39% | 4.07% | |||||||||||||||
Supplemental data |
| |||||||||||||||||||
Net assets, end of period (000’s) |
$688,106 | $598,934 | $315,851 | $290,205 | $96,082 | |||||||||||||||
Portfolio turnover ratef |
2.16% | g | 5.76% | g | 4.59% | g | 4.35% | 0.93% |
aFor the period November 2, 2017 (commencement of operations) to March 31, 2018.
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: | 2.05% | 5.76% | 4.51% |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
235 |
FRANKLIN TEMPLETON ETF TRUST
Statement of Investments, September 30, 2021 (unaudited)
Industry | Shares | Value | ||||||||||||
Common Stocks 99.1% | ||||||||||||||
Japan 99.1% | ||||||||||||||
ABC-Mart Inc. |
Specialty Retail | 3,700 | $ | 209,913 | ||||||||||
Acom Co. Ltd. |
Consumer Finance | 55,500 | 203,944 | |||||||||||
Activia Properties Inc. |
Equity Real Estate Investment Trusts (REITs | ) | 111 | 454,645 | ||||||||||
Advance Residence Investment |
Equity Real Estate Investment Trusts (REITs | ) | 185 | 600,224 | ||||||||||
Advantest Corp. |
Semiconductors & Semiconductor Equipment | 29,600 | 2,660,883 | |||||||||||
AEON Co. Ltd. |
Food & Staples Retailing | 103,600 | 2,729,859 | |||||||||||
AEON Financial Service Co. Ltd. |
Consumer Finance | 14,800 | 189,817 | |||||||||||
AEON Mall Co. Ltd. |
Real Estate Management & Development | 18,500 | 286,018 | |||||||||||
AEON REIT Investment Corp. |
Equity Real Estate Investment Trusts (REITs | ) | 222 | 298,056 | ||||||||||
AGC Inc. |
Building Products | 25,900 | 1,341,716 | |||||||||||
Aica Kogyo Co. Ltd. |
Building Products | 7,400 | 254,349 | |||||||||||
AIN Holdings Inc. |
Food & Staples Retailing | 3,700 | 231,468 | |||||||||||
Air Water Inc. |
Chemicals | 25,900 | 416,211 | |||||||||||
Aisin Seiki Co. Ltd. |
Auto Components | 25,900 | 944,773 | |||||||||||
Ajinomoto Co. Inc. |
Food Products | 70,300 | 2,083,010 | |||||||||||
Alfresa Holdings Corp. |
Health Care Providers & Services | 25,900 | 389,051 | |||||||||||
Alps Alpine Co. Ltd. |
Electronic Equipment, Instruments & Components | 25,900 | 282,735 | |||||||||||
Amada Co. Ltd. |
Machinery | 44,400 | 463,201 | |||||||||||
Amano Corp. |
Electronic Equipment, Instruments & Components | 11,100 | 286,118 | |||||||||||
a |
ANA Holdings Inc. |
Airlines | 22,200 | 578,105 | ||||||||||
Anritsu Corp. |
Electronic Equipment, Instruments & Components | 22,200 | 397,939 | |||||||||||
Aozora Bank Ltd. |
Banks | 18,500 | 454,147 | |||||||||||
Ariake Japan Co. Ltd. |
Food Products | 3,700 | 233,457 | |||||||||||
As One Corp. |
Health Care Providers & Services | 1,850 | 270,930 | |||||||||||
Asahi Group Holdings Ltd. |
Beverages | 62,900 | 3,056,069 | |||||||||||
Asahi Intecc Co. Ltd. |
Health Care Equipment & Supplies | 25,900 | 712,642 | |||||||||||
Asahi Kasei Corp. |
Chemicals | 181,300 | 1,944,212 | |||||||||||
Asics Corp. |
Textiles, Apparel & Luxury Goods | 25,900 | 594,719 | |||||||||||
ASKUL Corp. |
Internet & Direct Marketing Retail | 3,700 | 54,385 | |||||||||||
Astellas Pharma Inc. |
Pharmaceuticals | 273,800 | 4,521,412 | |||||||||||
Azbil Corp. |
Electronic Equipment, Instruments & Components | 18,500 | 797,535 | |||||||||||
Bandai Namco Holdings Inc. |
Leisure Products | 29,230 | 2,200,600 | |||||||||||
BayCurrent Consulting Inc. |
Professional Services | 1,800 | 916,334 | |||||||||||
Benefit One Inc. |
Professional Services | 7,400 | 350,186 | |||||||||||
Benesse Holdings Inc. |
Diversified Consumer Services | 11,100 | 251,398 | |||||||||||
BIC CAMERA Inc. |
Specialty Retail | 22,200 | 211,902 | |||||||||||
Bridgestone Corp. |
Auto Components | 85,100 | 4,046,969 | |||||||||||
Brother Industries Ltd. |
Technology Hardware, Storage & Peripherals | 33,300 | 736,286 | |||||||||||
Calbee Inc. |
Food Products | 11,100 | 270,797 | |||||||||||
Canon Inc. |
Technology Hardware, Storage & Peripherals | 148,000 | 3,635,169 | |||||||||||
Canon Marketing Japan Inc. |
Electronic Equipment, Instruments & Components | 7,400 | 172,705 | |||||||||||
Capcom Co. Ltd. |
Entertainment | 25,900 | 720,766 | |||||||||||
Casio Computer Co. Ltd. |
Household Durables | 29,600 | 492,648 | |||||||||||
Central Japan Railway Co. |
Road & Rail | 26,700 | 4,277,504 | |||||||||||
Chubu Electric Power Co. Inc. |
Electric Utilities | 103,600 | 1,227,044 | |||||||||||
Chugai Pharmaceutical Co. Ltd. |
Pharmaceuticals | 95,560 | 3,514,073 | |||||||||||
Chuo Mitsui Trust Holdings Inc. |
Banks | 55,500 | 1,918,562 | |||||||||||
Coca-Cola Bottlers Japan Holdings Inc. |
Beverages | 18,500 | 268,443 | |||||||||||
COMSYS Holdings Corp. |
Construction & Engineering | 14,800 | 391,174 | |||||||||||
Concordia Financial Group Ltd. |
Banks | 162,800 | 644,926 | |||||||||||
Cosmo Energy Holdings Co. Ltd. |
Oil, Gas & Consumable Fuels | 11,100 | 252,791 | |||||||||||
Cosmos Pharmaceutical Corp. |
Food & Staples Retailing | 2,590 | 441,745 | |||||||||||
Credit Saison Co. Ltd. |
Consumer Finance | 22,200 | 293,679 | |||||||||||
CyberAgent Inc. |
Media | 55,500 | 1,077,419 | |||||||||||
Dai Nippon Printing Co. Ltd. |
Commercial Services & Supplies | 40,700 | 988,181 | |||||||||||
Dai-ichi Life Holdings Inc. |
Insurance | 155,400 | 3,444,358 | |||||||||||
Daicel Corp. |
Chemicals | 37,000 | 289,500 |
236 |
Semiannual Report |
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FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Japan (continued) | ||||||||||||||
Daido Steel Co. Ltd. |
Metals & Mining | 4,900 | $ | 209,263 | ||||||||||
Daifuku Co. Ltd. |
Machinery | 14,800 | 1,395,438 | |||||||||||
Daiichi Sankyo Co. Ltd. |
Pharmaceuticals | 277,500 | 7,410,363 | |||||||||||
Daiichikosho Co. Ltd. |
Entertainment | 7,400 | 275,241 | |||||||||||
Daikin Industries Ltd. |
Building Products | 39,146 | 8,581,772 | |||||||||||
Daio Paper Corp. |
Paper & Forest Products | 11,100 | 208,619 | |||||||||||
Daito Trust Construction Co. Ltd. |
Real Estate Management & Development | 9,519 | 1,112,505 | |||||||||||
Daiwa House Industry Co. Ltd. |
Real Estate Management & Development | 92,500 | 3,099,776 | |||||||||||
Daiwa House Residential Investment Corp. |
Equity Real Estate Investment Trusts (REITs | ) | 296 | 866,180 | ||||||||||
Daiwa Office Investment Corp. |
Equity Real Estate Investment Trusts (REITs | ) | 37 | 249,375 | ||||||||||
Daiwa Securities Group Inc. |
Capital Markets | 222,000 | 1,301,060 | |||||||||||
DeNA Co. Ltd. |
Entertainment | 11,100 | 206,331 | |||||||||||
Denka Co. Ltd. |
Chemicals | 11,100 | 390,975 | |||||||||||
Denso Corp. |
Auto Components | 66,600 | 4,384,289 | |||||||||||
Dentsu Group Inc. |
Media | 33,300 | 1,284,844 | |||||||||||
DIC Corp. |
Chemicals | 11,100 | 314,869 | |||||||||||
Disco Corp. |
Semiconductors & Semiconductor Equipment | 4,144 | 1,164,368 | |||||||||||
DMG Mori Co. Ltd. |
Machinery | 14,800 | 279,883 | |||||||||||
Dowa Holdings Co. Ltd. |
Metals & Mining | 7,400 | 293,148 | |||||||||||
East Japan Railway Co. |
Road & Rail | 53,750 | 3,777,795 | |||||||||||
EBARA Corp. |
Machinery | 14,800 | 736,186 | |||||||||||
Eisai Co. Ltd. |
Pharmaceuticals | 39,220 | 2,951,298 | |||||||||||
Elecom Co. Ltd. |
Technology Hardware, Storage & Peripherals | 7,400 | 118,917 | |||||||||||
Electric Power Development Co. Ltd. |
Independent Power and Renewable Electricity Producers | 22,200 | 321,733 | |||||||||||
ENEOS Holdings Inc. |
Oil, Gas & Consumable Fuels | 440,300 | 1,799,084 | |||||||||||
Ezaki Glico Co. Ltd. |
Food Products | 7,400 | 281,542 | |||||||||||
Fancl Corp. |
Personal Products | 11,100 | 368,591 | |||||||||||
FANUC Corp. |
Machinery | 28,320 | 6,235,096 | |||||||||||
Fast Retailing Co. Ltd. |
Specialty Retail | 7,531 | 5,567,169 | |||||||||||
FP Corp. |
Containers & Packaging | 7,400 | 274,578 | |||||||||||
Fuji Electric Co. Ltd. |
Electrical Equipment | 18,500 | 847,278 | |||||||||||
Fuji Kyuko Co. Ltd. |
Hotels, Restaurants & Leisure | 3,700 | 159,341 | |||||||||||
Fuji Media Holdings Inc. |
Media | 7,400 | 78,593 | |||||||||||
Fuji Oil Holdings Inc. |
Food Products | 7,400 | 173,965 | |||||||||||
FUJIFILM Holdings Corp. |
Technology Hardware, Storage & Peripherals | 51,800 | 4,475,019 | |||||||||||
Fujitsu General Ltd. |
Household Durables | 7,400 | 184,710 | |||||||||||
Fujitsu Ltd. |
IT Services | 27,660 | 5,034,950 | |||||||||||
Fukuoka Financial Group Inc. |
Banks | 22,200 | 400,127 | |||||||||||
Fukuyama Transporting Co. Ltd. |
Road & Rail | 3,700 | 161,828 | |||||||||||
Furukawa Electric Co. Ltd. |
Electrical Equipment | 7,400 | 163,089 | |||||||||||
Fuyo General Lease Co. Ltd. |
Diversified Financial Services | 3,700 | 256,339 | |||||||||||
GLP J-REIT |
Equity Real Estate Investment Trusts (REITs | ) | 629 | 1,032,783 | ||||||||||
GMO Internet Inc. |
IT Services | 7,400 | 190,082 | |||||||||||
GMO Payment Gateway Inc. |
IT Services | 5,920 | 752,369 | |||||||||||
Goldwin Inc. |
Textiles, Apparel & Luxury Goods | 5,180 | 338,447 | |||||||||||
GS Yuasa Corp. |
Electrical Equipment | 11,100 | 252,890 | |||||||||||
GungHo Online Entertainment Inc. |
Entertainment | 3,700 | 68,048 | |||||||||||
Hachijuni Bank Ltd. |
Banks | 66,600 | 238,166 | |||||||||||
Hakuhodo DY Holdings Inc. |
Media | 37,000 | 641,344 | |||||||||||
Hamamatsu Photonics K.K. |
Electronic Equipment, Instruments & Components | 18,500 | 1,150,706 | |||||||||||
Hankyu Hanshin Holdings Inc. |
Road & Rail | 33,300 | 1,053,542 | |||||||||||
Haseko Corp. |
Household Durables | 37,000 | 497,755 | |||||||||||
Heiwa Corp. |
Leisure Products | 7,400 | 139,013 | |||||||||||
Hikari Tsushin Inc. |
Specialty Retail | 3,330 | 563,780 | |||||||||||
Hino Motors Ltd. |
Machinery | 40,700 | 383,381 | |||||||||||
Hirogin Holdings Inc. |
Banks | 44,400 | 254,283 |
franklintempleton.com |
Semiannual Report |
237 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Japan (continued) | ||||||||||||||
Hirose Electric Co. Ltd. |
Electronic Equipment, Instruments & Components | 4,810 | $ | 803,140 | ||||||||||
Hisamitsu Pharmaceutical Co. Inc. |
Pharmaceuticals | 11,100 | 422,312 | |||||||||||
Hitachi Construction Machinery Co. Ltd. |
Machinery | 14,800 | 421,152 | |||||||||||
Hitachi Ltd. |
Industrial Conglomerates | 136,900 | 8,147,130 | |||||||||||
a |
Hitachi Metals Ltd. |
Metals & Mining | 29,600 | 572,236 | ||||||||||
Hitachi Transport System Ltd. |
Road & Rail | 3,700 | 164,979 | |||||||||||
Honda Motor Co. Ltd. |
Automobiles | 251,600 | 7,790,975 | |||||||||||
HORIBA Ltd. |
Electronic Equipment, Instruments & Components | 5,650 | 397,006 | |||||||||||
Hoshizaki Corp. |
Machinery | 7,400 | 675,169 | |||||||||||
House Foods Group Inc. |
Food Products | 11,100 | 339,243 | |||||||||||
Hoya Corp. |
Health Care Equipment & Supplies | 52,350 | 8,199,115 | |||||||||||
Ibiden Co. Ltd. |
Electronic Equipment, Instruments & Components | 14,800 | 822,406 | |||||||||||
Ichigo Inc. |
Real Estate Management & Development | 29,600 | 98,158 | |||||||||||
Idemitsu Kosan Co. Ltd. |
Oil, Gas & Consumable Fuels | 33,300 | 879,245 | |||||||||||
IHI Corp. |
Machinery | 18,500 | 476,034 | |||||||||||
Iida Group Holdings Co. Ltd. |
Household Durables | 22,200 | 573,231 | |||||||||||
Industrial & Infrastructure Fund Investment Corp. |
Equity Real Estate Investment Trusts (REITs | ) | 296 | 537,748 | ||||||||||
Information Services International-Dentsu Ltd. |
IT Services | 3,700 | 139,776 | |||||||||||
INPEX Corp. |
Oil, Gas & Consumable Fuels | 133,200 | 1,045,783 | |||||||||||
Internet Initiative Japan Inc. |
Diversified Telecommunication Services | 7,400 | 258,328 | |||||||||||
IR Japan Holdings Ltd. |
Professional Services | 1,300 | 144,127 | |||||||||||
Isetan Mitsukoshi Holdings Ltd. |
Multiline Retail | 51,800 | 392,765 | |||||||||||
Isuzu Motors Ltd. |
Automobiles | 74,000 | 976,939 | |||||||||||
Ito En Ltd. |
Beverages | 7,400 | 492,117 | |||||||||||
ITOCHU Corp. |
Trading Companies & Distributors | 199,800 | 5,868,202 | |||||||||||
ITOCHU Techno-Solutions Corp. |
IT Services | 14,800 | 482,832 | |||||||||||
Itoham Yonekyu Holdings Inc. |
Food Products | 18,500 | 121,371 | |||||||||||
Iwatani Corp. |
Oil, Gas & Consumable Fuels | 7,400 | 435,743 | |||||||||||
Izumi Co. Ltd. |
Multiline Retail | 7,400 | 247,385 | |||||||||||
J Front Retailing Co. Ltd. |
Multiline Retail | 37,000 | 360,134 | |||||||||||
a |
Japan Airlines Co. Ltd. |
Airlines | 21,090 | 503,741 | ||||||||||
a |
Japan Airport Terminal Co. Ltd. |
Transportation Infrastructure | 7,400 | 366,104 | ||||||||||
Japan Aviatn Elect |
Electronic Equipment, Instruments & Components | 7,400 | 108,505 | |||||||||||
Japan Exchange Group Inc. |
Capital Markets | 77,700 | 1,932,489 | |||||||||||
Japan Hotel REIT Investment Corp. |
Equity Real Estate Investment Trusts (REITs | ) | 666 | 400,525 | ||||||||||
Japan Logistics Fund Inc. |
Equity Real Estate Investment Trusts (REITs | ) | 111 | 329,294 | ||||||||||
Japan Post Bank Co. Ltd. |
Banks | 59,200 | 509,361 | |||||||||||
Japan Post Holdings Co. Ltd. |
Insurance | 181,300 | 1,534,896 | |||||||||||
Japan Post Insurance Co. Ltd. |
Insurance | 25,900 | 472,851 | |||||||||||
Japan Prime Realty Investment Corp. |
Equity Real Estate Investment Trusts (REITs | ) | 131 | 475,510 | ||||||||||
Japan Real Estate Investment Corp. |
Equity Real Estate Investment Trusts (REITs | ) | 185 | 1,107,596 | ||||||||||
Japan Retail Fund Investment Corp. |
Equity Real Estate Investment Trusts (REITs | ) | 999 | 960,723 | ||||||||||
Japan Tobacco Inc. |
Tobacco | 173,900 | 3,413,318 | |||||||||||
JCR Pharmaceuticals Co. Ltd. |
Pharmaceuticals | 7,400 | 185,108 | |||||||||||
Jeol Ltd. |
Health Care Equipment & Supplies | 7,400 | 544,513 | |||||||||||
JFE Holdings Inc. |
Metals & Mining | 77,700 | 1,181,778 | |||||||||||
JGC Holdings Corp. |
Construction & Engineering | 29,600 | 278,292 | |||||||||||
JSR Corp. |
Chemicals | 25,900 | 941,291 | |||||||||||
JTEKT Corp. |
Auto Components | 33,300 | 291,888 | |||||||||||
Justsystems Corp. |
Software | 3,700 | 209,581 | |||||||||||
K’s Holdings Corp. |
Specialty Retail | 22,200 | 230,605 | |||||||||||
Kadokawa Corp. |
Media | 7,400 | 411,866 | |||||||||||
Kagome Co. Ltd. |
Food Products | 11,100 | 286,516 | |||||||||||
Kajima Corp. |
Construction & Engineering | 62,900 | 812,922 | |||||||||||
Kakaku.com Inc. |
Interactive Media & Services | 18,500 | 601,053 | |||||||||||
Kaken Pharmaceutical Co. Ltd. |
Pharmaceuticals | 3,700 | 152,377 | |||||||||||
Kamigumi Co. Ltd. |
Transportation Infrastructure | 14,800 | 312,382 |
238 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Japan (continued) | ||||||||||||||
Kandenko Co. Ltd. |
Construction & Engineering | 14,800 | $ | 123,361 | ||||||||||
Kaneka Corp. |
Chemicals | 7,400 | 311,387 | |||||||||||
Kansai Electric Power Co. Inc. |
Electric Utilities | 107,300 | 1,043,909 | |||||||||||
Kansai Paint Co. Ltd. |
Chemicals | 29,600 | 737,513 | |||||||||||
KAO Corp. |
Personal Products | 66,600 | 3,972,422 | |||||||||||
Kawasaki Heavy Industries Ltd. |
Machinery | 22,200 | 518,713 | |||||||||||
a |
Kawasaki Kisen Kaisha Ltd. |
Marine | 11,100 | 604,867 | ||||||||||
KDDI Corp. |
Wireless Telecommunication Services | 247,960 | 8,202,737 | |||||||||||
Keihan Holdings Co. Ltd. |
Industrial Conglomerates | 14,800 | 427,121 | |||||||||||
Keikyu Corp. |
Road & Rail | 37,000 | 463,930 | |||||||||||
Keio Corp. |
Road & Rail | 17,020 | 913,733 | |||||||||||
Keisei Electric Railway Co. Ltd. |
Road & Rail | 22,200 | 739,171 | |||||||||||
Kenedix Office Investment Corp. |
Equity Real Estate Investment Trusts (REITs | ) | 52 | 357,464 | ||||||||||
Kewpie Corp. |
Food Products | 14,800 | 360,134 | |||||||||||
Keyence Corp. |
Electronic Equipment, Instruments & Components | 26,475 | 15,898,051 | |||||||||||
Kikkoman Corp. |
Food Products | 25,900 | 2,110,069 | |||||||||||
Kinden Corp. |
Construction & Engineering | 18,500 | 313,045 | |||||||||||
a |
Kintetsu Group Holdings Co. Ltd. |
Road & Rail | 25,900 | 876,294 | ||||||||||
Kirin Holdings Co. Ltd. |
Beverages | 114,700 | 2,133,117 | |||||||||||
Kobayashi Pharmaceutical Co. Ltd. |
Personal Products | 8,880 | 703,555 | |||||||||||
Kobe Bussan Co. Ltd. |
Food & Staples Retailing | 7,400 | 242,411 | |||||||||||
Kobe Steel Ltd. |
Metals & Mining | 44,400 | 272,588 | |||||||||||
Koei Tecmo Holdings Co. Ltd. |
Entertainment | 11,100 | 529,258 | |||||||||||
Koito Manufacturing Co. Ltd. |
Auto Components | 17,020 | 1,028,141 | |||||||||||
Kokuyo Co. Ltd. |
Commercial Services & Supplies | 14,800 | 251,365 | |||||||||||
Komatsu Ltd. |
Machinery | 133,200 | 3,217,334 | |||||||||||
Konami Holdings Corp. |
Entertainment | 14,800 | 932,503 | |||||||||||
Konica Minolta Inc. |
Technology Hardware, Storage & Peripherals | 66,600 | 360,532 | |||||||||||
Kose Corp. |
Personal Products | 4,330 | 519,251 | |||||||||||
Kotobuki Spirits Co. Ltd. |
Food Products | 3,700 | 254,349 | |||||||||||
Kubota Corp. |
Machinery | 159,100 | 3,406,587 | |||||||||||
Kuraray Co. Ltd. |
Chemicals | 51,800 | 500,474 | |||||||||||
Kurita Water Industries Ltd. |
Machinery | 14,800 | 716,289 | |||||||||||
Kusuri No Aoki Holdings Co. Ltd. |
Food & Staples Retailing | 2,220 | 153,007 | |||||||||||
Kyocera Corp. |
Electronic Equipment, Instruments & Components | 45,100 | 2,829,487 | |||||||||||
Kyowa Exeo Corp. |
Construction & Engineering | 14,800 | 364,644 | |||||||||||
Kyowa Kirin Co. Ltd. |
Pharmaceuticals | 37,000 | 1,334,752 | |||||||||||
Kyudenko Corp. |
Construction & Engineering | 7,400 | 246,059 | |||||||||||
Kyushu Electric Power Co. Inc. |
Electric Utilities | 66,600 | 506,775 | |||||||||||
Kyushu Financial Group Inc. |
Banks | 55,500 | 199,964 | |||||||||||
Kyushu Railway Co. |
Road & Rail | 22,200 | 536,620 | |||||||||||
LaSalle Logiport REIT |
Equity Real Estate Investment Trusts (REITs | ) | 259 | 435,245 | ||||||||||
Lasertec Corp. |
Semiconductors & Semiconductor Equipment | 11,100 | 2,545,812 | |||||||||||
Lawson Inc. |
Food & Staples Retailing | 7,400 | 363,451 | |||||||||||
LINTEC Corp. |
Chemicals | 7,400 | 169,588 | |||||||||||
Lion Corp. |
Household Products | 37,000 | 599,561 | |||||||||||
LIXIL Group Corp. |
Building Products | 37,000 | 1,079,408 | |||||||||||
M3 Inc. |
Health Care Technology | 62,032 | 4,443,287 | |||||||||||
Mabuchi Motor Co. Ltd. |
Electrical Equipment | 7,400 | 257,334 | |||||||||||
a |
Maeda Corp. |
Construction & Engineering | 18,500 | 149,061 | ||||||||||
a |
Maeda Road Construction Co. Ltd. |
Construction & Engineering | 3,700 | 67,972 | ||||||||||
Makita Corp. |
Machinery | 37,000 | 2,039,435 | |||||||||||
Mani Inc. |
Health Care Equipment & Supplies | 7,400 | 141,534 | |||||||||||
Marubeni Corp. |
Trading Companies & Distributors | 229,400 | 1,918,674 | |||||||||||
Marui Group Co. Ltd. |
Multiline Retail | 29,600 | 576,215 | |||||||||||
Maruichi Steel Tube Ltd. |
Metals & Mining | 7,400 | 172,175 | |||||||||||
Maruwa Unyu Kikan Co. Ltd. |
Air Freight & Logistics | 7,400 | 106,515 |
franklintempleton.com |
Semiannual Report |
239 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Japan (continued) | ||||||||||||||
Matsui Securities Co. Ltd. |
Capital Markets | 14,800 | $ | 107,974 | ||||||||||
Matsumotokiyoshi Holdings Co. Ltd. |
Food & Staples Retailing | 14,800 | 669,863 | |||||||||||
a |
Mazda Motor Corp. |
Automobiles | 85,100 | 744,410 | ||||||||||
Mebuki Financial Group Inc. |
Banks | 133,200 | 293,679 | |||||||||||
Medipal Holdings Corp. |
Health Care Providers & Services | 22,200 | 419,626 | |||||||||||
Meiji Holdings Co. Ltd. |
Food Products | 18,500 | 1,195,474 | |||||||||||
Menicon Co. Ltd. |
Health Care Equipment & Supplies | 7,400 | 288,505 | |||||||||||
Minebea Mitsumi Inc. |
Machinery | 59,200 | 1,519,595 | |||||||||||
Miraca Holdings Inc. |
Health Care Providers & Services | 7,400 | 201,291 | |||||||||||
MISUMI Group Inc. |
Machinery | 40,700 | 1,734,515 | |||||||||||
Mitsubishi Chemical Holdings Corp. |
Chemicals | 188,700 | 1,730,983 | |||||||||||
Mitsubishi Corp. |
Trading Companies & Distributors | 177,600 | 5,628,444 | |||||||||||
Mitsubishi Electric Corp. |
Electrical Equipment | 288,600 | 4,027,338 | |||||||||||
Mitsubishi Estate Co. Ltd. |
Real Estate Management & Development | 166,500 | 2,656,986 | |||||||||||
Mitsubishi Gas Chemical Co. Inc. |
Chemicals | 25,900 | 514,170 | |||||||||||
Mitsubishi Heavy Industries Ltd. |
Machinery | 40,700 | 1,103,086 | |||||||||||
Mitsubishi Logistics Corp. |
Transportation Infrastructure | 11,100 | 330,289 | |||||||||||
Mitsubishi Materials Corp. |
Metals & Mining | 18,500 | 363,451 | |||||||||||
a |
Mitsubishi Motors Corp. |
Automobiles | 92,500 | 254,515 | ||||||||||
Mitsubishi Shokuhin Co. Ltd. |
Food & Staples Retailing | 3,700 | 96,799 | |||||||||||
Mitsubishi UFJ Financial Group Inc. |
Banks | 1,824,100 | 10,755,773 | |||||||||||
Mitsubishi UFJ Lease & Finance Co. Ltd. |
Diversified Financial Services | 96,860 | 510,452 | |||||||||||
Mitsui & Co. Ltd. |
Trading Companies & Distributors | 233,100 | 5,147,734 | |||||||||||
Mitsui Chemicals Inc. |
Chemicals | 25,900 | 873,973 | |||||||||||
Mitsui Fudosan Co. Ltd. |
Real Estate Management & Development | 136,900 | 3,272,962 | |||||||||||
Mitsui Fudosan Logistics Park Inc. |
Equity Real Estate Investment Trusts (REITs | ) | 74 | 391,306 | ||||||||||
Mitsui Mining and Smelting Co. Ltd. |
Metals & Mining | 7,400 | 207,923 | |||||||||||
Mitsui O.S.K. Lines Ltd. |
Marine | 14,800 | 1,002,805 | |||||||||||
Miura Co. Ltd. |
Machinery | 14,800 | 595,581 | |||||||||||
Mizuho Financial Group Inc. |
Banks | 373,700 | 5,306,992 | |||||||||||
Monotaro Co. Ltd. |
Trading Companies & Distributors | 34,780 | 786,778 | |||||||||||
Mori Hills REIT Investment Corp. |
Equity Real Estate Investment Trusts (REITs | ) | 222 | 300,444 | ||||||||||
Morinaga & Co. Ltd. |
Food Products | 7,400 | 273,583 | |||||||||||
Morinaga Milk Industry Co. Ltd. |
Food Products | 7,400 | 464,262 | |||||||||||
MS&AD Insurance Group Holdings Inc. |
Insurance | 68,080 | 2,291,808 | |||||||||||
Murata Manufacturing Co. Ltd. |
Electronic Equipment, Instruments & Components | 83,990 | 7,497,561 | |||||||||||
Nabtesco Corp. |
Machinery | 18,500 | 704,683 | |||||||||||
Nagase & Co. Ltd. |
Trading Companies & Distributors | 14,800 | 250,967 | |||||||||||
a |
Nagoya Railroad Co. Ltd. |
Road & Rail | 25,900 | 478,886 | ||||||||||
Nankai Electric Railway Co. Ltd. |
Road & Rail | 14,800 | 320,208 | |||||||||||
NEC Corp. |
IT Services | 37,000 | 2,012,906 | |||||||||||
NEC System Integration & Construction Ltd. |
IT Services | 11,100 | 210,112 | |||||||||||
Net One Systems Co. Ltd. |
IT Services | 11,100 | 366,104 | |||||||||||
Nexon Co. Ltd. |
Entertainment | 61,050 | 988,728 | |||||||||||
NGK Insulators Ltd. |
Machinery | 37,000 | 631,064 | |||||||||||
NGK Spark Plug Co. Ltd. |
Auto Components | 25,900 | 406,693 | |||||||||||
NH Foods Ltd. |
Food Products | 14,800 | 561,093 | |||||||||||
NHK Spring Co. Ltd. |
Auto Components | 22,200 | 159,374 | |||||||||||
Nichirei Corp. |
Food Products | 14,800 | 388,123 | |||||||||||
Nidec Corp. |
Electrical Equipment | 68,280 | 7,600,606 | |||||||||||
Nifco Inc. |
Auto Components | 11,100 | 346,704 | |||||||||||
Nihon Kohden Corp. |
Health Care Equipment & Supplies | 11,100 | 378,042 | |||||||||||
Nihon M&A Center Inc. |
Professional Services | 39,220 | 1,158,233 | |||||||||||
Nihon Unisys Ltd. |
IT Services | 11,100 | 289,998 | |||||||||||
Nikon Corp. |
Household Durables | 48,100 | 538,875 | |||||||||||
Nintendo Co. Ltd. |
Entertainment | 15,698 | 7,641,124 | |||||||||||
Nippo Corp. |
Construction & Engineering | 7,400 | 266,287 |
240 |
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FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Japan (continued) | ||||||||||||||
Nippon Accommodations Fund Inc. |
Equity Real Estate Investment Trusts (REITs | ) | 74 | $ | 414,519 | |||||||||
Nippon Building Fund Inc. |
Equity Real Estate Investment Trusts (REITs | ) | 222 | 1,442,527 | ||||||||||
Nippon Electric Glass Co. Ltd. |
Electronic Equipment, Instruments & Components | 11,100 | 264,132 | |||||||||||
Nippon Express Co. Ltd. |
Road & Rail | 11,100 | 768,022 | |||||||||||
Nippon Kayaku Co. Ltd. |
Chemicals | 25,900 | 287,378 | |||||||||||
Nippon Paint Holdings Co. Ltd. |
Chemicals | 118,400 | 1,291,443 | |||||||||||
Nippon Prologis REIT Inc. |
Equity Real Estate Investment Trusts (REITs | ) | 333 | 1,111,741 | ||||||||||
Nippon Sanso Holdings Corp. |
Chemicals | 22,200 | 560,099 | |||||||||||
Nippon Shinyaku Co. Ltd. |
Pharmaceuticals | 7,400 | 616,805 | |||||||||||
Nippon Shobukai Co. Ltd. |
Chemicals | 3,700 | 191,674 | |||||||||||
Nippon Steel Corp. |
Metals & Mining | 118,400 | 2,158,419 | |||||||||||
Nippon Telegraph & Telephone Corp. |
Diversified Telecommunication Services | 177,600 | 4,910,562 | |||||||||||
Nippon Television Holdings Inc. |
Media | 3,700 | 41,883 | |||||||||||
Nippon Yusen KK |
Marine | 22,200 | 1,681,291 | |||||||||||
Nipro Corp. |
Health Care Equipment & Supplies | 14,800 | 154,135 | |||||||||||
Nishi-Nippon Railroad Co. Ltd. |
Road & Rail | 11,100 | 282,735 | |||||||||||
Nissan Chemical Corp. |
Chemicals | 19,810 | 1,161,169 | |||||||||||
a |
Nissan Motor Co. Ltd. |
Automobiles | 284,900 | 1,435,288 | ||||||||||
Nisshin Seifun Group Inc. |
Food Products | 37,000 | 617,136 | |||||||||||
Nissin Foods Holdings Co. Ltd. |
Food Products | 11,100 | 891,382 | |||||||||||
Nitori Holdings Co. Ltd. |
Specialty Retail | 11,100 | 2,199,606 | |||||||||||
Nitto Denko Corp. |
Chemicals | 22,200 | 1,587,775 | |||||||||||
Noevir Holdings Co. Ltd. |
Personal Products | 3,700 | 176,751 | |||||||||||
NOF Corp. |
Chemicals | 11,100 | 628,743 | |||||||||||
NOK Corp. |
Auto Components | 14,800 | 174,695 | |||||||||||
Nomura Holdings Inc. |
Capital Markets | 444,000 | 2,202,988 | |||||||||||
Nomura Real Estate Holdings Inc. |
Real Estate Management & Development | 14,800 | 387,062 | |||||||||||
Nomura Real Estate Master Fund Inc. |
Equity Real Estate Investment Trusts (REITs | ) | 666 | 958,634 | ||||||||||
Nomura Research Institute Ltd. |
IT Services | 38,850 | 1,441,533 | |||||||||||
NS Solutions Corp. |
IT Services | 3,700 | 125,848 | |||||||||||
NSK Ltd. |
Machinery | 66,600 | 454,247 | |||||||||||
NTT Data Corp. |
IT Services | 92,500 | 1,794,869 | |||||||||||
Obayashi Corp. |
Construction & Engineering | 99,900 | 831,791 | |||||||||||
OBIC Business Consultants Co. Ltd. |
Software | 3,700 | 189,021 | |||||||||||
OBIC Co. Ltd. |
IT Services | 9,990 | 1,913,388 | |||||||||||
Odakyu Electric Railway Co. Ltd. |
Road & Rail | 44,400 | 1,031,855 | |||||||||||
Oji Holdings Corp. |
Paper & Forest Products | 129,500 | 655,770 | |||||||||||
Okuma Corp. |
Machinery | 3,700 | 180,399 | |||||||||||
Olympus Corp. |
Health Care Equipment & Supplies | 155,400 | 3,421,377 | |||||||||||
Omron Corp. |
Electronic Equipment, Instruments & Components | 27,250 | 2,710,957 | |||||||||||
Ono Pharmaceutical Co. Ltd. |
Pharmaceuticals | 62,900 | 1,439,244 | |||||||||||
Open House Co. Ltd. |
Household Durables | 11,100 | 658,588 | |||||||||||
Oracle Corp. Japan |
Software | 4,995 | 439,623 | |||||||||||
Orient Corp. |
Consumer Finance | 81,400 | 121,106 | |||||||||||
Oriental Land Co. Ltd. |
Hotels, Restaurants & Leisure | 27,930 | 4,538,390 | |||||||||||
ORIX Corp. |
Diversified Financial Services | 177,600 | 3,358,602 | |||||||||||
ORIX JREIT Inc. |
Equity Real Estate Investment Trusts (REITs | ) | 370 | 643,334 | ||||||||||
Osaka Gas Co. Ltd. |
Gas Utilities | 59,200 | 1,087,168 | |||||||||||
OSG Corp. |
Machinery | 11,100 | 191,906 | |||||||||||
Otsuka Corp. |
IT Services | 14,800 | 761,389 | |||||||||||
Otsuka Holdings Co. Ltd. |
Pharmaceuticals | 62,900 | 2,698,654 | |||||||||||
Paltac Corp. |
Distributors | 3,700 | 167,466 | |||||||||||
Pan Pacific International Holdings Corp. |
Multiline Retail | 62,900 | 1,306,764 | |||||||||||
Panasonic Corp. |
Household Durables | 314,500 | 3,918,037 | |||||||||||
a |
Park24 Co. Ltd. |
Commercial Services & Supplies | 18,500 | 316,361 | ||||||||||
Penta-Ocean Construction Co. Ltd. |
Construction & Engineering | 40,700 | 278,325 | |||||||||||
a |
PeptiDream Inc. |
Biotechnology | 12,800 | 417,585 |
franklintempleton.com |
Semiannual Report |
241 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Japan (continued) | ||||||||||||||
Persol Holdings Co. Ltd. |
Professional Services | 25,900 | $ | 652,288 | ||||||||||
Pigeon Corp. |
Household Products | 14,800 | 344,880 | |||||||||||
Pola Orbis Holdings Inc. |
Personal Products | 11,100 | 256,471 | |||||||||||
Rakus Co. Ltd. |
Software | 14,800 | 524,616 | |||||||||||
Rakuten Inc. |
Internet & Direct Marketing Retail | 118,400 | 1,147,124 | |||||||||||
Recruit Holdings Co. Ltd. |
Professional Services | 196,100 | 12,007,665 | |||||||||||
Relo Group Inc. |
Real Estate Management & Development | 14,800 | 308,004 | |||||||||||
a |
Renesas Electronics Corp. |
Semiconductors & Semiconductor Equipment | 144,300 | 1,805,447 | ||||||||||
Rengo Co. Ltd. |
Containers & Packaging | 29,600 | 232,661 | |||||||||||
a |
RENOVA Inc. |
Independent Power and Renewable Electricity Producers | 7,400 | 304,755 | ||||||||||
Resona Holdings Inc. |
Banks | 321,900 | 1,294,813 | |||||||||||
Resorttrust Inc. |
Hotels, Restaurants & Leisure | 7,400 | 146,176 | |||||||||||
Ricoh Co. Ltd. |
Technology Hardware, Storage & Peripherals | 96,200 | 989,806 | |||||||||||
Rinnai Corp. |
Household Durables | 5,550 | 609,841 | |||||||||||
Rohm Co. Ltd. |
Semiconductors & Semiconductor Equipment | 12,210 | 1,164,368 | |||||||||||
Rohto Pharmaceutical Co. Ltd. |
Personal Products | 14,800 | 454,976 | |||||||||||
Ryohin Keikaku Co. Ltd. |
Multiline Retail | 33,300 | 746,135 | |||||||||||
Sankyo Co. Ltd. |
Leisure Products | 7,400 | 184,644 | |||||||||||
Sankyu Inc. |
Road & Rail | 7,400 | 343,554 | |||||||||||
a |
Sansan Inc. |
Software | 3,700 | 358,145 | ||||||||||
Santen Pharmaceutical Co. Ltd. |
Pharmaceuticals | 51,800 | 731,676 | |||||||||||
Sanwa Holdings Corp. |
Building Products | 29,600 | 386,266 | |||||||||||
Sapporo Holdings Ltd. |
Beverages | 7,400 | 170,782 | |||||||||||
Sawai Group Holdings Co. Ltd. |
Pharmaceuticals | 7,400 | 344,880 | |||||||||||
SBI Holdings Inc. |
Capital Markets | 33,300 | 824,031 | |||||||||||
SCREEN Holdings Co. Ltd. |
Semiconductors & Semiconductor Equipment | 5,750 | 495,250 | |||||||||||
SCSK Corp. |
IT Services | 22,200 | 470,761 | |||||||||||
Secom Co. Ltd. |
Commercial Services & Supplies | 29,600 | 2,149,664 | |||||||||||
Sega Sammy Holdings Inc. |
Leisure Products | 29,600 | 422,611 | |||||||||||
a |
Seibu Holdings Inc. |
Road & Rail | 29,600 | 377,776 | ||||||||||
Seiko Epson Corp. |
Technology Hardware, Storage & Peripherals | 40,700 | 824,031 | |||||||||||
Seino Holdings Co. Ltd. |
Road & Rail | 22,200 | 270,399 | |||||||||||
Sekisui Chemical Co. Ltd. |
Household Durables | 48,100 | 830,730 | |||||||||||
Sekisui House Ltd. |
Household Durables | 85,100 | 1,793,526 | |||||||||||
Sekisui House Reit Inc. |
Equity Real Estate Investment Trusts (REITs | ) | 592 | 490,260 | ||||||||||
Seven & i Holdings Co. Ltd. |
Food & Staples Retailing | 114,700 | 5,227,421 | |||||||||||
Seven Bank Ltd. |
Banks | 96,200 | 214,688 | |||||||||||
SG Holdings Co. Ltd. |
Air Freight & Logistics | 62,900 | 1,792,713 | |||||||||||
Sharp Corp. |
Household Durables | 29,600 | 375,919 | |||||||||||
a |
SHIFT Inc. |
IT Services | 1,600 | 341,152 | ||||||||||
Shikoku Electric Power Co. Inc. |
Electric Utilities | 22,200 | 154,400 | |||||||||||
Shimadzu Corp. |
Electronic Equipment, Instruments & Components | 40,700 | 1,792,879 | |||||||||||
Shimamura Co. Ltd. |
Specialty Retail | 3,700 | 347,865 | |||||||||||
SHIMANO Inc. |
Leisure Products | 11,558 | 3,408,095 | |||||||||||
Shimizu Corp. |
Construction & Engineering | 81,400 | 615,014 | |||||||||||
Shin-Etsu Chemical Co. Ltd. |
Chemicals | 58,540 | 9,916,254 | |||||||||||
Shinko Electric Industries Co. Ltd. |
Semiconductors & Semiconductor Equipment | 7,400 | 248,048 | |||||||||||
Shinsei Bank Ltd. |
Banks | 25,900 | 435,013 | |||||||||||
Shionogi & Co. Ltd. |
Pharmaceuticals | 40,700 | 2,792,004 | |||||||||||
Ship Healthcare Holdings Inc. |
Health Care Providers & Services | 11,100 | 286,914 | |||||||||||
Shiseido Co. Ltd. |
Personal Products | 57,400 | 3,877,426 | |||||||||||
SHO-BOND Holdings Co. Ltd. |
Construction & Engineering | 7,400 | 328,963 | |||||||||||
a |
Shochiku Co. Ltd. |
Entertainment | 1,295 | 153,206 | ||||||||||
Shoei Co. Ltd. |
Real Estate Management & Development | 55,500 | 620,784 | |||||||||||
Showa Denko K.K. |
Chemicals | 25,900 | 634,878 | |||||||||||
a |
Skylark Holdings Co. Ltd. |
Hotels, Restaurants & Leisure | 29,600 | 435,080 | ||||||||||
SMC Corp. |
Machinery | 8,456 | 5,311,194 |
242 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Japan (continued) | ||||||||||||||
SMS Co. Ltd. |
Professional Services | 7,400 | $ | 270,930 | ||||||||||
Softbank Corp. |
Wireless Telecommunication Services | 403,300 | 5,474,325 | |||||||||||
SoftBank Group Corp. |
Wireless Telecommunication Services | 196,100 | 11,389,003 | |||||||||||
Sohgo Security Services Co. Ltd. |
Commercial Services & Supplies | 11,100 | 502,397 | |||||||||||
Sojitz Corp. |
Trading Companies & Distributors | 35,520 | 585,766 | |||||||||||
Sompo Holdings Inc. |
Insurance | 48,100 | 2,104,200 | |||||||||||
Sony Corp. |
Household Durables | 181,300 | 20,238,328 | |||||||||||
Sotetsu Holdings Inc. |
Road & Rail | 11,100 | 221,453 | |||||||||||
Square Enix Holdings Co. Ltd. |
Entertainment | 11,100 | 591,934 | |||||||||||
Stanley Electric Co. Ltd. |
Auto Components | 22,200 | 561,889 | |||||||||||
Subaru Corp. |
Automobiles | 88,800 | 1,654,231 | |||||||||||
Sugi Pharmacy Co. Ltd. |
Food & Staples Retailing | 5,220 | 381,295 | |||||||||||
Sumco Corp. |
Semiconductors & Semiconductor Equipment | 33,300 | 671,820 | |||||||||||
Sumitomo Bakelite Co. Ltd. |
Chemicals | 3,700 | 172,108 | |||||||||||
Sumitomo Chemical Co. Ltd. |
Chemicals | 222,000 | 1,163,970 | |||||||||||
Sumitomo Corp. |
Trading Companies & Distributors | 166,500 | 2,360,025 | |||||||||||
Sumitomo Dainippon Pharma Co. Ltd. |
Pharmaceuticals | 22,200 | 397,541 | |||||||||||
Sumitomo Electric Industries Ltd. |
Auto Components | 111,000 | 1,488,290 | |||||||||||
Sumitomo Forestry Co. Ltd. |
Household Durables | 18,500 | 355,492 | |||||||||||
Sumitomo Heavy Industries Ltd. |
Machinery | 14,800 | 390,112 | |||||||||||
Sumitomo Metal Mining Co. Ltd. |
Metals & Mining | 37,000 | 1,348,017 | |||||||||||
Sumitomo Mitsui Financial Group Inc. |
Banks | 192,400 | 6,801,036 | |||||||||||
Sumitomo Realty & Development Co. Ltd. |
Real Estate Management & Development | 59,200 | 2,168,500 | |||||||||||
Sumitomo Rubber Industries Ltd. |
Auto Components | 25,900 | 330,554 | |||||||||||
Sundrug Co. Ltd. |
Food & Staples Retailing | 9,990 | 305,318 | |||||||||||
Suntory Beverage & Food Ltd. |
Beverages | 18,500 | 769,348 | |||||||||||
Sushiro Global Holdings Ltd. |
Hotels, Restaurants & Leisure | 14,800 | 684,454 | |||||||||||
Suzuken Co. Ltd. |
Health Care Providers & Services | 11,100 | 326,310 | |||||||||||
Suzuki Motor Corp. |
Automobiles | 66,600 | 2,981,555 | |||||||||||
Sysmex Corp. |
Health Care Equipment & Supplies | 28,120 | 3,510,747 | |||||||||||
T&D Holdings Inc. |
Insurance | 77,700 | 1,078,712 | |||||||||||
Taiheiyo Cement Corp. |
Construction Materials | 18,500 | 385,669 | |||||||||||
Taisei Corp. |
Construction & Engineering | 25,900 | 835,671 | |||||||||||
Taisho Pharmaceutical Holdings Co. Ltd. |
Pharmaceuticals | 6,290 | 368,126 | |||||||||||
Taiyo Yuden Co. Ltd. |
Electronic Equipment, Instruments & Components | 18,500 | 1,095,989 | |||||||||||
Takara Bio Inc. |
Biotechnology | 7,400 | 209,913 | |||||||||||
Takara Holdings Inc. |
Beverages | 25,900 | 375,820 | |||||||||||
Takashimaya Co. Ltd. |
Multiline Retail | 18,500 | 207,426 | |||||||||||
Takeda Pharmaceutical Co. Ltd. |
Pharmaceuticals | 225,700 | 7,482,539 | |||||||||||
TBS Holdings Inc. |
Media | 3,700 | 56,872 | |||||||||||
TDK Corp. |
Electronic Equipment, Instruments & Components | 53,400 | 1,935,944 | |||||||||||
TechnoPro Holdings Inc. |
Professional Services | 15,660 | 475,098 | |||||||||||
Teijin Ltd. |
Chemicals | 25,900 | 370,017 | |||||||||||
Terumo Corp. |
Health Care Equipment & Supplies | 96,200 | 4,556,729 | |||||||||||
The Bank of Kyoto Ltd. |
Banks | 11,100 | 513,341 | |||||||||||
The Chiba Bank Ltd. |
Banks | 88,800 | 580,194 | |||||||||||
The Chugoku Bank Ltd. |
Banks | 25,900 | 200,329 | |||||||||||
The Chugoku Electric Power Co. Inc. |
Electric Utilities | 44,400 | 405,499 | |||||||||||
The Iyo Bank Ltd. |
Banks | 40,700 | 210,112 | |||||||||||
The Shizuoka Bank Ltd. |
Banks | 74,000 | 610,836 | |||||||||||
THK Co. Ltd. |
Machinery | 18,500 | 410,374 | |||||||||||
TIS Inc. |
IT Services | 33,300 | 911,777 | |||||||||||
Tobu Railway Co. Ltd. |
Road & Rail | 29,600 | 799,857 | |||||||||||
Toda Corp. |
Construction & Engineering | 33,300 | 234,883 | |||||||||||
Toho Co. Ltd. |
Entertainment | 14,800 | 699,045 | |||||||||||
Toho Gas Co. Ltd. |
Gas Utilities | 12,700 | 554,896 | |||||||||||
Tohoku Electric Power Co. Inc. |
Electric Utilities | 70,300 | 517,917 | |||||||||||
Tokai Carbon Co. Ltd. |
Chemicals | 29,600 | 382,286 |
franklintempleton.com |
Semiannual Report |
243 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Japan (continued) | ||||||||||||||
Tokai Rika Co. Ltd. |
Auto Components | 7,400 | $ | 106,581 | ||||||||||
Tokio Marine Holdings Inc. |
Insurance | 95,090 | 5,131,408 | |||||||||||
Tokuyama Corp. |
Chemicals | 11,100 | 213,693 | |||||||||||
Tokyo Century Corp. |
Diversified Financial Services | 9,250 | 524,782 | |||||||||||
a |
Tokyo Electric Power Co. Holdings Inc. |
Electric Utilities | 229,400 | 657,925 | ||||||||||
Tokyo Electron Ltd. |
Semiconductors & Semiconductor Equipment | 21,830 | 9,718,092 | |||||||||||
Tokyo Gas Co. Ltd. |
Gas Utilities | 62,900 | 1,172,029 | |||||||||||
Tokyo Ohka Kogyo Co. Ltd. |
Chemicals | 5,550 | 342,725 | |||||||||||
Tokyo Tatemono Co. Ltd. |
Real Estate Management & Development | 29,600 | 470,629 | |||||||||||
TOKYU Corp. |
Road & Rail | 74,000 | 1,104,943 | |||||||||||
Tokyu Fudosan Holdings Corp. |
Real Estate Management & Development | 88,800 | 549,155 | |||||||||||
TOPPAN Inc. |
Commercial Services & Supplies | 40,700 | 694,171 | |||||||||||
Toray Industries Inc. |
Chemicals | 222,000 | 1,425,018 | |||||||||||
Toshiba Corp. |
Industrial Conglomerates | 62,900 | 2,658,064 | |||||||||||
Toshiba Tec Corp. |
Technology Hardware, Storage & Peripherals | 3,700 | 157,352 | |||||||||||
Tosoh Corp. |
Chemicals | 40,700 | 741,957 | |||||||||||
TOTO Ltd. |
Building Products | 22,200 | 1,060,506 | |||||||||||
Toyo Seikan Group Holdings Ltd. |
Containers & Packaging | 22,200 | 262,441 | |||||||||||
Toyo Suisan Kaisha Ltd. |
Food Products | 14,800 | 657,262 | |||||||||||
Toyo Tire Corp. |
Auto Components | 14,800 | 265,956 | |||||||||||
Toyoda Gosei Co. Ltd. |
Auto Components | 11,100 | 223,542 | |||||||||||
Toyota Boshoku Corp. |
Auto Components | 11,100 | 198,074 | |||||||||||
Toyota Industries Corp. |
Auto Components | 22,200 | 1,830,518 | |||||||||||
Toyota Motor Corp. |
Automobiles | 1,813,000 | 32,498,320 | |||||||||||
Toyota Tsusho Corp. |
Trading Companies & Distributors | 33,300 | 1,419,149 | |||||||||||
Trend Micro Inc. |
Software | 18,500 | 1,031,324 | |||||||||||
TS TECH Co. Ltd. |
Auto Components | 14,800 | 191,674 | |||||||||||
Tsumura & Co. |
Pharmaceuticals | 11,100 | 356,155 | |||||||||||
Tsuruha Holdings Inc. |
Food & Staples Retailing | 5,550 | 684,454 | |||||||||||
TV Asahi Holdings Corp. |
Media | 3,700 | 58,199 | |||||||||||
Ube Industries Ltd. |
Chemicals | 14,800 | 291,556 | |||||||||||
Ulvac Inc. |
Semiconductors & Semiconductor Equipment | 7,400 | 425,131 | |||||||||||
Unicharm Corp. |
Household Products | 55,500 | 2,461,748 | |||||||||||
United Urban Investment Corp. |
Equity Real Estate Investment Trusts (REITs | ) | 444 | 600,091 | ||||||||||
Ushio Inc. |
Electrical Equipment | 14,800 | 278,955 | |||||||||||
USS Co. Ltd. |
Specialty Retail | 33,300 | 570,942 | |||||||||||
Welcia Holdings Co. Ltd. |
Food & Staples Retailing | 14,800 | 531,911 | |||||||||||
West Japan Railway Co. |
Road & Rail | 33,300 | 1,684,773 | |||||||||||
Yakult Honsha Co. Ltd. |
Food Products | 18,500 | 938,472 | |||||||||||
Yamada Holdings Co. Ltd. |
Specialty Retail | 107,300 | 451,992 | |||||||||||
Yamaguchi Financial Group Inc. |
Banks | 33,300 | 198,770 | |||||||||||
Yamaha Corp. |
Leisure Products | 22,200 | 1,402,734 | |||||||||||
Yamaha Motor Co. Ltd. |
Automobiles | 44,400 | 1,241,568 | |||||||||||
Yamato Holdings Co. Ltd. |
Air Freight & Logistics | 48,100 | 1,220,013 | |||||||||||
Yamato Kogyo Co. Ltd. |
Metals & Mining | 3,700 | 119,382 | |||||||||||
Yamazaki Baking Co. Ltd. |
Food Products | 18,500 | 322,662 | |||||||||||
Yaoko Co. Ltd. |
Food & Staples Retailing | 3,700 | 228,151 | |||||||||||
YASKAWA Electric Corp. |
Machinery | 37,000 | 1,790,724 | |||||||||||
Yokogawa Electric Corp. |
Electronic Equipment, Instruments & Components | 33,300 | 584,671 | |||||||||||
Yokohama Rubber Co. Ltd. |
Auto Components | 14,800 | 267,282 | |||||||||||
Z Holdings Corp. |
Interactive Media & Services | 384,800 | 2,475,205 | |||||||||||
Zenkoku Hosho Co. Ltd. |
Diversified Financial Services | 7,400 | 362,124 | |||||||||||
Zensho Holdings Co. Ltd. |
Hotels, Restaurants & Leisure | 14,800 | 368,226 | |||||||||||
Zeon Corp. |
Chemicals | 22,200 | 314,371 | |||||||||||
Zozo Inc. |
Internet & Direct Marketing Retail | 14,800 | 556,451 | |||||||||||
|
|
|||||||||||||
Total
Investments before Short Term Investments |
682,528,609 | |||||||||||||
|
|
244 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Japan ETF (continued)
Industry | Shares | Value | ||||||||||||
Short Term Investment 0.1% | ||||||||||||||
Money Market Funds 0.1% |
||||||||||||||
United States 0.1% | ||||||||||||||
b,c |
Institutional Fiduciary Trust Portfolio, 0.01% |
Money Market Funds | 357,746 | $ | 357,746 | |||||||||
|
|
|||||||||||||
Total Investments (Cost $633,706,426) 99.2% |
682,886,355 | |||||||||||||
Other Assets, less Liabilities 0.8% |
5,220,037 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 688,106,392 | ||||||||||||
|
|
aNon-income producing.
bSee Note 3(c) regarding investments in affiliated management investment companies.
cThe rate shown is the annualized seven-day effective yield at period end.
At September 30, 2021, 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 | ||||||||||||||||||||
Nikkei 225 Mini |
Long | 18 | $ | 4,752,678 | 12/09/21 | $ | (10,253 | ) |
*As of period end.
See Note 8 regarding other derivative information.
See Abbreviations on page 339.
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
245 |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE Japan Hedged ETF
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, | |||||||||||||||||||
2021 | 2020 | 2019 | 2018a | |||||||||||||||||
Per share operating
performance (for a share outstanding throughout the period) |
| |||||||||||||||||||
Net asset value, beginning of period |
$ | 30.70 | $ | 21.35 | $ | 23.12 | $ | 25.11 | $ | 25.91 | ||||||||||
|
|
|||||||||||||||||||
Income from investment operationsb: |
| |||||||||||||||||||
Net investment incomec |
0.20 | 0.88 | 0.38 | 0.38 | 0.32 | |||||||||||||||
Net realized and unrealized gains (losses) |
1.28 | 8.47 | (2.15 | ) | (1.11 | ) | (1.11 | ) | ||||||||||||
|
|
|||||||||||||||||||
Total from investment operations |
1.48 | 9.35 | (1.77 | ) | (0.73 | ) | (0.79 | ) | ||||||||||||
|
|
|||||||||||||||||||
Less distributions from: |
| |||||||||||||||||||
Net investment income |
— | — | — | (0.01 | ) | (0.01 | ) | |||||||||||||
Net realized gains |
— | — | — | (1.25 | ) | — | d | |||||||||||||
|
|
|||||||||||||||||||
Total Distributions |
— | — | — | (1.26 | ) | (0.01 | ) | |||||||||||||
|
|
|||||||||||||||||||
Net asset value, end of period |
$ | 32.18 | $ | 30.70 | $ | 21.35 | $ | 23.12 | $ | 25.11 | ||||||||||
|
|
|||||||||||||||||||
Total returne |
4.79% | 43.84% | (7.66)% | (2.59)% | (3.04)% | |||||||||||||||
Ratios to average net assetsf |
| |||||||||||||||||||
Expenses before waiver and payments by affiliates |
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% | —% | |||||||||||||||
Net investment income |
1.28% | 3.29% | 1.59% | 1.51% | 3.10% | |||||||||||||||
Supplemental data |
| |||||||||||||||||||
Net assets, end of period (000’s) |
$12,872 | $24,563 | $4,269 | $13,870 | $45,197 | |||||||||||||||
Portfolio turnover rateg |
3.61% | h | 6.31% | h | 10.06% | h | 19.78% | 1.92% |
aFor the period November 2, 2017 (commencement of operations) to March 31, 2018.
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.
dAmount rounds to less than $0.001 per share.
eTotal 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.
fRatios are annualized for periods less than one year, except for non-recurring expenses, if any.
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: | 3.99% | 6.31% | 10.06% |
246 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Statement of Investments, September 30, 2021 (unaudited)
Franklin FTSE Japan Hedged ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 98.8% | ||||||||||||||
Japan 98.8% | ||||||||||||||
ABC-Mart Inc. |
Specialty Retail | 68 | $ | 3,858 | ||||||||||
Acom Co. Ltd. |
Consumer Finance | 1,050 | 3,858 | |||||||||||
Activia Properties Inc. |
Equity Real Estate Investment Trusts (REITs | ) | 2 | 8,192 | ||||||||||
Advance Residence Investment |
Equity Real Estate Investment Trusts (REITs | ) | 4 | 12,978 | ||||||||||
Advantest Corp. |
Semiconductors & Semiconductor Equipment | 520 | 46,745 | |||||||||||
AEON Co. Ltd. |
Food & Staples Retailing | 1,900 | 50,065 | |||||||||||
AEON Financial Service Co. Ltd. |
Consumer Finance | 300 | 3,848 | |||||||||||
AEON Mall Co. Ltd. |
Real Estate Management & Development | 300 | 4,638 | |||||||||||
AEON REIT Investment Corp. |
Equity Real Estate Investment Trusts (REITs | ) | 4 | 5,370 | ||||||||||
AGC Inc. |
Building Products | 518 | 26,834 | |||||||||||
Aica Kogyo Co. Ltd. |
Building Products | 136 | 4,675 | |||||||||||
AIN Holdings Inc. |
Food & Staples Retailing | 68 | 4,254 | |||||||||||
Air Water Inc. |
Chemicals | 500 | 8,035 | |||||||||||
Aisin Seiki Co. Ltd. |
Auto Components | 478 | 17,436 | |||||||||||
Ajinomoto Co. Inc. |
Food Products | 1,324 | 39,231 | |||||||||||
Alfresa Holdings Corp. |
Health Care Providers & Services | 450 | 6,760 | |||||||||||
Alps Alpine Co. Ltd. |
Electronic Equipment, Instruments & Components | 736 | 8,034 | |||||||||||
Amada Co. Ltd. |
Machinery | 850 | 8,868 | |||||||||||
Amano Corp. |
Electronic Equipment, Instruments & Components | 200 | 5,155 | |||||||||||
a |
ANA Holdings Inc. |
Airlines | 450 | 11,718 | ||||||||||
Anritsu Corp. |
Electronic Equipment, Instruments & Components | 357 | 6,399 | |||||||||||
Aozora Bank Ltd. |
Banks | 300 | 7,365 | |||||||||||
Ariake Japan Co. Ltd. |
Food Products | 48 | 3,029 | |||||||||||
As One Corp. |
Health Care Providers & Services | 32 | 4,686 | |||||||||||
Asahi Group Holdings Ltd. |
Beverages | 1,136 | 55,194 | |||||||||||
Asahi Intecc Co. Ltd. |
Health Care Equipment & Supplies | 530 | 14,583 | |||||||||||
Asahi Kasei Corp. |
Chemicals | 3,550 | 38,069 | |||||||||||
Asics Corp. |
Textiles, Apparel & Luxury Goods | 450 | 10,333 | |||||||||||
ASKUL Corp. |
Internet & Direct Marketing Retail | 136 | 1,999 | |||||||||||
Astellas Pharma Inc. |
Pharmaceuticals | 5,050 | 83,393 | |||||||||||
Azbil Corp. |
Electronic Equipment, Instruments & Components | 386 | 16,640 | |||||||||||
Bandai Namco Holdings Inc. |
Leisure Products | 556 | 41,859 | |||||||||||
BayCurrent Consulting Inc. |
Professional Services | 36 | 18,327 | |||||||||||
Benefit One Inc. |
Professional Services | 186 | 8,802 | |||||||||||
Benesse Holdings Inc. |
Diversified Consumer Services | 200 | 4,530 | |||||||||||
BIC CAMERA Inc. |
Specialty Retail | 600 | 5,727 | |||||||||||
Bridgestone Corp. |
Auto Components | 1,592 | 75,708 | |||||||||||
Brother Industries Ltd. |
Technology Hardware, Storage & Peripherals | 650 | 14,372 | |||||||||||
Calbee Inc. |
Food Products | 200 | 4,879 | |||||||||||
CANON Inc. |
Technology Hardware, Storage & Peripherals | 2,700 | 66,317 | |||||||||||
Canon Marketing Japan Inc. |
Electronic Equipment, Instruments & Components | 136 | 3,174 | |||||||||||
Capcom Co. Ltd. |
Entertainment | 474 | 13,191 | |||||||||||
Casio Computer Co. Ltd. |
Household Durables | 600 | 9,986 | |||||||||||
Central Japan Railway Co. |
Road & Rail | 490 | 78,501 | |||||||||||
Chubu Electric Power Co. Inc. |
Electric Utilities | 1,916 | 22,693 | |||||||||||
Chugai Pharmaceutical Co. Ltd. |
Pharmaceuticals | 1,746 | 64,206 | |||||||||||
Chuo Mitsui Trust Holdings Inc. |
Banks | 986 | 34,085 | |||||||||||
Coca-Cola Bottlers Japan Holdings Inc. |
Beverages | 400 | 5,804 | |||||||||||
COMSYS Holdings Corp. |
Construction & Engineering | 318 | 8,405 | |||||||||||
Concordia Financial Group Ltd. |
Banks | 3,200 | 12,677 | |||||||||||
Cosmo Energy Holdings Co. Ltd. |
Oil, Gas & Consumable Fuels | 160 | 3,644 | |||||||||||
Cosmos Pharmaceutical Corp. |
Food & Staples Retailing | 49 | 8,357 | |||||||||||
Credit Saison Co. Ltd. |
Consumer Finance | 400 | 5,292 | |||||||||||
CyberAgent Inc. |
Media | 1,042 | 20,228 | |||||||||||
Dai Nippon Printing Co. Ltd. |
Commercial Services & Supplies | 736 | 17,870 | |||||||||||
Daicel Corp. |
Chemicals | 900 | 7,042 | |||||||||||
Daido Steel Co. Ltd. |
Metals & Mining | 84 | 3,587 | |||||||||||
Daifuku Co. Ltd. |
Machinery | 251 | 23,666 |
franklintempleton.com |
Semiannual Report |
247 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Japan Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Japan (continued) | ||||||||||||||
Daiichi Sankyo Co. Ltd. |
Pharmaceuticals | 5,200 | $ | 138,861 | ||||||||||
Daiichikosho Co. Ltd. |
Entertainment | 120 | 4,463 | |||||||||||
Daikin Industries Ltd. |
Building Products | 716 | 156,965 | |||||||||||
Daio Paper Corp. |
Paper & Forest Products | 200 | 3,759 | |||||||||||
Daito Trust Construction Co. Ltd. |
Real Estate Management & Development | 172 | 20,102 | |||||||||||
Daiwa House Industry Co. Ltd. |
Real Estate Management & Development | 1,736 | 58,175 | |||||||||||
Daiwa House Residential Investment Corp. |
Equity Real Estate Investment Trusts (REITs | ) | 6 | 17,558 | ||||||||||
Daiwa Office Investment Corp. |
Equity Real Estate Investment Trusts (REITs | ) | 1 | 6,740 | ||||||||||
Daiwa Securities Group Inc. |
Capital Markets | 4,100 | 24,029 | |||||||||||
DeNA Co. Ltd. |
Entertainment | 268 | 4,982 | |||||||||||
Denka Co. Ltd. |
Chemicals | 232 | 8,172 | |||||||||||
Denso Corp. |
Auto Components | 1,250 | 82,288 | |||||||||||
Dentsu Group Inc. |
Media | 600 | 23,150 | |||||||||||
DIC Corp. |
Chemicals | 200 | 5,673 | |||||||||||
Disco Corp. |
Semiconductors & Semiconductor Equipment | 76 | 21,354 | |||||||||||
DMG Mori Co. Ltd. |
Machinery | 268 | 5,068 | |||||||||||
Dowa Holdings Co. Ltd. |
Metals & Mining | 136 | 5,388 | |||||||||||
East Japan Railway Co. |
Road & Rail | 990 | 69,582 | |||||||||||
EBARA Corp. |
Machinery | 240 | 11,938 | |||||||||||
Eisai Co. Ltd. |
Pharmaceuticals | 730 | 54,932 | |||||||||||
Elecom Co. Ltd. |
Technology Hardware, Storage & Peripherals | 130 | 2,089 | |||||||||||
Electric Power Development Co. Ltd. |
Independent Power and Renewable Electricity Producers | 450 | 6,522 | |||||||||||
ENEOS Holdings Inc. |
Oil, Gas & Consumable Fuels | 8,300 | 33,914 | |||||||||||
Ezaki Glico Co. Ltd. |
Food Products | 136 | 5,174 | |||||||||||
Fancl Corp. |
Personal Products | 216 | 7,173 | |||||||||||
FANUC Corp. |
Machinery | 520 | 114,486 | |||||||||||
Fast Retailing Co. Ltd. |
Specialty Retail | 140 | 103,493 | |||||||||||
FP Corp. |
Containers & Packaging | 136 | 5,046 | |||||||||||
Fuji Electric Co. Ltd. |
Electrical Equipment | 336 | 15,388 | |||||||||||
Fuji Kyuko Co. Ltd. |
Hotels, Restaurants & Leisure | 50 | 2,153 | |||||||||||
Fuji Media Holdings Inc. |
Media | 136 | 1,444 | |||||||||||
Fuji Oil Holdings Inc. |
Food Products | 136 | 3,197 | |||||||||||
FUJIFILM Holdings Corp. |
Technology Hardware, Storage & Peripherals | 978 | 84,490 | |||||||||||
Fujitsu General Ltd. |
Household Durables | 136 | 3,395 | |||||||||||
Fujitsu Ltd. |
IT Services | 511 | 93,017 | |||||||||||
Fukuoka Financial Group Inc. |
Banks | 450 | 8,111 | |||||||||||
Fukuyama Transporting Co. Ltd. |
Road & Rail | 68 | 2,974 | |||||||||||
Furukawa Electric Co. Ltd. |
Electrical Equipment | 156 | 3,438 | |||||||||||
Fuyo General Lease Co. Ltd. |
Diversified Financial Services | 50 | 3,464 | |||||||||||
GLP J-REIT |
Equity Real Estate Investment Trusts (REITs | ) | 11 | 18,061 | ||||||||||
GMO Internet Inc. |
IT Services | 150 | 3,853 | |||||||||||
GMO Payment Gateway Inc. |
IT Services | 110 | 13,980 | |||||||||||
Goldwin Inc. |
Textiles, Apparel & Luxury Goods | 88 | 5,750 | |||||||||||
GS Yuasa Corp. |
Electrical Equipment | 200 | 4,557 | |||||||||||
GungHo Online Entertainment Inc. |
Entertainment | 100 | 1,839 | |||||||||||
Hachijuni Bank Ltd. |
Banks | 1,600 | 5,722 | |||||||||||
Hakuhodo DY Holdings Inc. |
Media | 650 | 11,267 | |||||||||||
Hamamatsu Photonics K.K. |
Electronic Equipment, Instruments & Components | 336 | 20,899 | |||||||||||
Hankyu Hanshin Holdings Inc. |
Road & Rail | 600 | 18,983 | |||||||||||
Haseko Corp. |
Household Durables | 700 | 9,417 | |||||||||||
Heiwa Corp. |
Leisure Products | 136 | 2,555 | |||||||||||
Hikari Tsushin Inc. |
Specialty Retail | 58 | 9,820 | |||||||||||
Hino Motors Ltd. |
Machinery | 750 | 7,065 | |||||||||||
Hirogin Holdings Inc. |
Banks | 1,000 | 5,727 | |||||||||||
Hirose Electric Co. Ltd. |
Electronic Equipment, Instruments & Components | 90 | 15,028 | |||||||||||
Hisamitsu Pharmaceutical Co. Inc. |
Pharmaceuticals | 200 | 7,609 | |||||||||||
Hitachi Construction Machinery Co. Ltd. |
Machinery | 268 | 7,626 | |||||||||||
Hitachi Ltd. |
Industrial Conglomerates | 2,500 | 148,779 |
248 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Japan Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Japan (continued) | ||||||||||||||
a |
Hitachi Metals Ltd. |
Metals & Mining | 536 | $ | 10,362 | |||||||||
Hitachi Transport System Ltd. |
Road & Rail | 104 | 4,637 | |||||||||||
Honda Motor Co. Ltd. |
Automobiles | 4,650 | 143,991 | |||||||||||
HORIBA Ltd. |
Electronic Equipment, Instruments & Components | 100 | 7,027 | |||||||||||
Hoshizaki Corp. |
Machinery | 136 | 12,409 | |||||||||||
House Foods Group Inc. |
Food Products | 200 | 6,112 | |||||||||||
Hoya Corp. |
Health Care Equipment & Supplies | 980 | 153,489 | |||||||||||
Ibiden Co. Ltd. |
Electronic Equipment, Instruments & Components | 318 | 17,671 | |||||||||||
Ichigo Inc. |
Real Estate Management & Development | 550 | 1,824 | |||||||||||
Idemitsu Kosan Co. Ltd. |
Oil, Gas & Consumable Fuels | 644 | 17,004 | |||||||||||
a |
IHI Corp. |
Machinery | 336 | 8,646 | ||||||||||
Iida Group Holdings Co. Ltd. |
Household Durables | 400 | 10,328 | |||||||||||
Industrial & Infrastructure Fund Investment Corp. |
Equity Real Estate Investment Trusts (REITs | ) | 6 | 10,900 | ||||||||||
Information Services International-Dentsu Ltd. |
IT Services | 100 | 3,778 | |||||||||||
INPEX Corp. |
Oil, Gas & Consumable Fuels | 2,700 | 21,198 | |||||||||||
Internet Initiative Japan Inc. |
Diversified Telecommunication Services | 100 | 3,491 | |||||||||||
IR Japan Holdings Ltd. |
Professional Services | 25 | 2,772 | |||||||||||
Isetan Mitsukoshi Holdings Ltd. |
Multiline Retail | 1,150 | 8,720 | |||||||||||
Isuzu Motors Ltd. |
Automobiles | 1,400 | 18,483 | |||||||||||
Ito En Ltd. |
Beverages | 186 | 12,369 | |||||||||||
ITOCHU Corp. |
Trading Companies & Distributors | 3,806 | 111,784 | |||||||||||
ITOCHU Techno-Solutions Corp. |
IT Services | 250 | 8,156 | |||||||||||
Itoham Yonekyu Holdings Inc. |
Food Products | 550 | 3,608 | |||||||||||
Iwatani Corp. |
Oil, Gas & Consumable Fuels | 150 | 8,833 | |||||||||||
Izumi Co. Ltd. |
Multiline Retail | 104 | 3,477 | |||||||||||
J Front Retailing Co. Ltd. |
Multiline Retail | 850 | 8,273 | |||||||||||
a |
Japan Airlines Co. Ltd. |
Airlines | 400 | 9,554 | ||||||||||
a |
Japan Airport Terminal Co. Ltd. |
Transportation Infrastructure | 140 | 6,926 | ||||||||||
Japan Aviatn Elect |
Electronic Equipment, Instruments & Components | 136 | 1,994 | |||||||||||
Japan Exchange Group Inc. |
Capital Markets | 1,436 | 35,715 | |||||||||||
Japan Hotel REIT Investment Corp. |
Equity Real Estate Investment Trusts (REITs | ) | 14 | 8,419 | ||||||||||
Japan Logistics Fund Inc. |
Equity Real Estate Investment Trusts (REITs | ) | 2 | 5,933 | ||||||||||
Japan Post Bank Co. Ltd. |
Banks | 1,100 | 9,464 | |||||||||||
Japan Post Holdings Co. Ltd. |
Insurance | 3,400 | 28,785 | |||||||||||
Japan Post Insurance Co. Ltd. |
Insurance | 498 | 9,092 | |||||||||||
Japan Prime Realty Investment Corp. |
Equity Real Estate Investment Trusts (REITs | ) | 2 | 7,260 | ||||||||||
Japan Real Estate Investment Corp. |
Equity Real Estate Investment Trusts (REITs | ) | 4 | 23,948 | ||||||||||
Japan Retail Fund Investment Corp. |
Equity Real Estate Investment Trusts (REITs | ) | 19 | 18,272 | ||||||||||
Japan Tobacco Inc. |
Tobacco | 3,300 | 64,773 | |||||||||||
JCR Pharmaceuticals Co. Ltd. |
Pharmaceuticals | 150 | 3,752 | |||||||||||
Jeol Ltd. |
Health Care Equipment & Supplies | 100 | 7,358 | |||||||||||
JFE Holdings Inc. |
Metals & Mining | 1,400 | 21,293 | |||||||||||
JGC Holdings Corp. |
Construction & Engineering | 600 | 5,641 | |||||||||||
JSR Corp. |
Chemicals | 518 | 18,826 | |||||||||||
JTEKT Corp. |
Auto Components | 800 | 7,012 | |||||||||||
Justsystems Corp. |
Software | 100 | 5,664 | |||||||||||
K’s Holdings Corp. |
Specialty Retail | 450 | 4,674 | |||||||||||
Kadokawa Corp. |
Media | 100 | 5,566 | |||||||||||
Kagome Co. Ltd. |
Food Products | 200 | 5,162 | |||||||||||
Kajima Corp. |
Construction & Engineering | 1,200 | 15,509 | |||||||||||
Kakaku.com Inc. |
Interactive Media & Services | 336 | 10,916 | |||||||||||
Kaken Pharmaceutical Co. Ltd. |
Pharmaceuticals | 80 | 3,295 | |||||||||||
Kamigumi Co. Ltd. |
Transportation Infrastructure | 268 | 5,657 | |||||||||||
Kandenko Co. Ltd. |
Construction & Engineering | 300 | 2,501 | |||||||||||
Kaneka Corp. |
Chemicals | 136 | 5,723 | |||||||||||
Kansai Electric Power Co. Inc. |
Electric Utilities | 2,000 | 19,458 | |||||||||||
Kansai Paint Co. Ltd. |
Chemicals | 544 | 13,554 | |||||||||||
KAO Corp. |
Personal Products | 1,262 | 75,273 |
franklintempleton.com |
Semiannual Report |
249 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Japan Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Japan (continued) | ||||||||||||||
a |
Kawasaki Heavy Industries Ltd. |
Machinery | 400 | $ | 9,346 | |||||||||
a |
Kawasaki Kisen Kaisha Ltd. |
Marine | 200 | 10,899 | ||||||||||
KDDI Corp. |
Wireless Telecommunication Services | 4,584 | 151,643 | |||||||||||
Keihan Holdings Co. Ltd. |
Industrial Conglomerates | 246 | 7,099 | |||||||||||
Keikyu Corp. |
Road & Rail | 850 | 10,658 | |||||||||||
Keio Corp. |
Road & Rail | 300 | 16,106 | |||||||||||
Keisei Electric Railway Co. Ltd. |
Road & Rail | 402 | 13,385 | |||||||||||
Kenedix Office Investment Corp. |
Equity Real Estate Investment Trusts (REITs | ) | 1 | 6,874 | ||||||||||
Kewpie Corp. |
Food Products | 268 | 6,521 | |||||||||||
Keyence Corp. |
Electronic Equipment, Instruments & Components | 496 | 297,845 | |||||||||||
Kikkoman Corp. |
Food Products | 518 | 42,201 | |||||||||||
Kinden Corp. |
Construction & Engineering | 336 | 5,686 | |||||||||||
a |
Kintetsu Group Holdings Co. Ltd. |
Road & Rail | 498 | 16,849 | ||||||||||
Kirin Holdings Co. Ltd. |
Beverages | 2,100 | 39,054 | |||||||||||
Kobayashi Pharmaceutical Co. Ltd. |
Personal Products | 162 | 12,835 | |||||||||||
Kobe Bussan Co. Ltd. |
Food & Staples Retailing | 100 | 3,276 | |||||||||||
Kobe Steel Ltd. |
Metals & Mining | 1,000 | 6,139 | |||||||||||
Koei Tecmo Holdings Co. Ltd. |
Entertainment | 199 | 9,489 | |||||||||||
Koito Manufacturing Co. Ltd. |
Auto Components | 299 | 18,062 | |||||||||||
Kokuyo Co. Ltd. |
Commercial Services & Supplies | 250 | 4,246 | |||||||||||
Komatsu Ltd. |
Machinery | 2,508 | 60,579 | |||||||||||
Konami Holdings Corp. |
Entertainment | 238 | 14,996 | |||||||||||
Konica Minolta Inc. |
Technology Hardware, Storage & Peripherals | 1,400 | 7,579 | |||||||||||
Kose Corp. |
Personal Products | 78 | 9,354 | |||||||||||
Kotobuki Spirits Co. Ltd. |
Food Products | 50 | 3,437 | |||||||||||
Kubota Corp. |
Machinery | 2,950 | 63,164 | |||||||||||
Kuraray Co. Ltd. |
Chemicals | 950 | 9,179 | |||||||||||
Kurita Water Industries Ltd. |
Machinery | 318 | 15,391 | |||||||||||
Kusuri No Aoki Holdings Co. Ltd. |
Food & Staples Retailing | 40 | 2,757 | |||||||||||
Kyocera Corp. |
Electronic Equipment, Instruments & Components | 846 | 53,076 | |||||||||||
Kyowa Exeo Corp. |
Construction & Engineering | 268 | 6,603 | |||||||||||
Kyowa Kirin Co. Ltd. |
Pharmaceuticals | 700 | 25,252 | |||||||||||
Kyudenko Corp. |
Construction & Engineering | 90 | 2,993 | |||||||||||
Kyushu Electric Power Co. Inc. |
Electric Utilities | 1,250 | 9,512 | |||||||||||
Kyushu Financial Group Inc. |
Banks | 1,400 | 5,044 | |||||||||||
Kyushu Railway Co. |
Road & Rail | 450 | 10,877 | |||||||||||
LaSalle Logiport REIT |
Equity Real Estate Investment Trusts (REITs | ) | 5 | 8,402 | ||||||||||
Lasertec Corp. |
Semiconductors & Semiconductor Equipment | 206 | 47,247 | |||||||||||
Lawson Inc. |
Food & Staples Retailing | 126 | 6,188 | |||||||||||
LINTEC Corp. |
Chemicals | 136 | 3,117 | |||||||||||
Lion Corp. |
Household Products | 700 | 11,343 | |||||||||||
LIXIL Group Corp. |
Building Products | 718 | 20,946 | |||||||||||
M3 Inc. |
Health Care Technology | 1,160 | 83,090 | |||||||||||
Mabuchi Motor Co. Ltd. |
Electrical Equipment | 136 | 4,729 | |||||||||||
a |
Maeda Corp. |
Construction & Engineering | 350 | 2,820 | ||||||||||
a |
Maeda Road Construction Co. Ltd. |
Construction & Engineering | 86 | 1,580 | ||||||||||
Makita Corp. |
Machinery | 664 | 36,600 | |||||||||||
Mani Inc. |
Health Care Equipment & Supplies | 200 | 3,825 | |||||||||||
Marubeni Corp. |
Trading Companies & Distributors | 4,250 | 35,547 | |||||||||||
Marui Group Co. Ltd. |
Multiline Retail | 536 | 10,434 | |||||||||||
Maruichi Steel Tube Ltd. |
Metals & Mining | 156 | 3,630 | |||||||||||
Maruwa Unyu Kikan Co. Ltd. |
Air Freight & Logistics | 100 | 1,439 | |||||||||||
Matsui Securities Co. Ltd. |
Capital Markets | 300 | 2,189 | |||||||||||
Matsumotokiyoshi Holdings Co. Ltd. |
Food & Staples Retailing | 300 | 13,578 | |||||||||||
a |
Mazda Motor Corp. |
Automobiles | 1,550 | 13,559 | ||||||||||
Mebuki Financial Group Inc. |
Banks | 2,700 | 5,953 | |||||||||||
Medipal Holdings Corp. |
Health Care Providers & Services | 400 | 7,561 | |||||||||||
Meiji Holdings Co. Ltd. |
Food Products | 397 | 25,654 |
250 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Japan Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Japan (continued) | ||||||||||||||
Menicon Co. Ltd. |
Health Care Equipment & Supplies | 120 | $ | 4,678 | ||||||||||
Minebea Mitsumi Inc. |
Machinery | 1,118 | 28,698 | |||||||||||
Miraca Holdings Inc. |
Health Care Providers & Services | 136 | 3,699 | |||||||||||
MISUMI Group Inc. |
Machinery | 740 | 31,537 | |||||||||||
Mitsubishi Chemical Holdings Corp. |
Chemicals | 3,650 | 33,482 | |||||||||||
Mitsubishi Corp. |
Trading Companies & Distributors | 3,237 | 102,586 | |||||||||||
Mitsubishi Electric Corp. |
Electrical Equipment | 5,500 | 76,751 | |||||||||||
Mitsubishi Estate Co. Ltd. |
Real Estate Management & Development | 3,101 | 49,485 | |||||||||||
Mitsubishi Gas Chemical Co. Inc. |
Chemicals | 468 | 9,291 | |||||||||||
Mitsubishi Heavy Industries Ltd. |
Machinery | 800 | 21,682 | |||||||||||
Mitsubishi Logistics Corp. |
Transportation Infrastructure | 162 | 4,820 | |||||||||||
Mitsubishi Materials Corp. |
Metals & Mining | 336 | 6,601 | |||||||||||
a |
Mitsubishi Motors Corp. |
Automobiles | 1,950 | 5,365 | ||||||||||
Mitsubishi Shokuhin Co. Ltd. |
Food & Staples Retailing | 18 | 471 | |||||||||||
Mitsubishi UFJ Financial Group Inc. |
Banks | 34,000 | 200,480 | |||||||||||
Mitsubishi UFJ Lease & Finance Co. Ltd. |
Diversified Financial Services | 1,945 | 10,250 | |||||||||||
Mitsui & Co. Ltd. |
Trading Companies & Distributors | 4,400 | 97,169 | |||||||||||
Mitsui Chemicals Inc. |
Chemicals | 468 | 15,792 | |||||||||||
Mitsui Fudosan Co. Ltd. |
Real Estate Management & Development | 2,500 | 59,769 | |||||||||||
Mitsui Fudosan Logistics Park Inc. |
Equity Real Estate Investment Trusts (REITs | ) | 1 | 5,288 | ||||||||||
Mitsui Mining and Smelting Co. Ltd. |
Metals & Mining | 136 | 3,821 | |||||||||||
Mitsui O.S.K. Lines Ltd. |
Marine | 318 | 21,547 | |||||||||||
Miura Co. Ltd. |
Machinery | 290 | 11,670 | |||||||||||
Mizuho Financial Group Inc. |
Banks | 6,900 | 97,988 | |||||||||||
Monotaro Co. Ltd. |
Trading Companies & Distributors | 560 | 12,668 | |||||||||||
Mori Hills REIT Investment Corp. |
Equity Real Estate Investment Trusts (REITs | ) | 6 | 8,120 | ||||||||||
Morinaga & Co. Ltd. |
Food Products | 102 | 3,771 | |||||||||||
Morinaga Milk Industry Co. Ltd. |
Food Products | 104 | 6,525 | |||||||||||
MS&AD Insurance Group Holdings Inc. |
Insurance | 1,286 | 43,291 | |||||||||||
Murata Manufacturing Co. Ltd. |
Electronic Equipment, Instruments & Components | 1,576 | 140,685 | |||||||||||
Nabtesco Corp. |
Machinery | 338 | 12,875 | |||||||||||
Nagase & Co. Ltd. |
Trading Companies & Distributors | 300 | 5,087 | |||||||||||
a |
Nagoya Railroad Co. Ltd. |
Road & Rail | 538 | 9,948 | ||||||||||
Nankai Electric Railway Co. Ltd. |
Road & Rail | 318 | 6,880 | |||||||||||
NEC Corp. |
IT Services | 730 | 39,714 | |||||||||||
NEC System Integration & Construction Ltd. |
IT Services | 200 | 3,786 | |||||||||||
Net One Systems Co. Ltd. |
IT Services | 250 | 8,246 | |||||||||||
Nexon Co. Ltd. |
Entertainment | 1,136 | 18,398 | |||||||||||
NGK Insulators Ltd. |
Machinery | 700 | 11,939 | |||||||||||
NGK Spark Plug Co. Ltd. |
Auto Components | 550 | 8,636 | |||||||||||
NH Foods Ltd. |
Food Products | 268 | 10,160 | |||||||||||
NHK Spring Co. Ltd. |
Auto Components | 600 | 4,307 | |||||||||||
Nichirei Corp. |
Food Products | 318 | 8,339 | |||||||||||
Nidec Corp. |
Electrical Equipment | 1,270 | 141,370 | |||||||||||
Nifco Inc. |
Auto Components | 250 | 7,809 | |||||||||||
Nihon Kohden Corp. |
Health Care Equipment & Supplies | 200 | 6,812 | |||||||||||
Nihon M&A Center Inc. |
Professional Services | 722 | 21,322 | |||||||||||
Nihon Unisys Ltd. |
IT Services | 156 | 4,076 | |||||||||||
Nikon Corp. |
Household Durables | 900 | 10,083 | |||||||||||
Nintendo Co. Ltd. |
Entertainment | 290 | 141,160 | |||||||||||
Nippo Corp. |
Construction & Engineering | 136 | 4,894 | |||||||||||
Nippon Accommodations Fund Inc. |
Equity Real Estate Investment Trusts (REITs | ) | 1 | 5,602 | ||||||||||
Nippon Building Fund Inc. |
Equity Real Estate Investment Trusts (REITs | ) | 4 | 25,991 | ||||||||||
Nippon Electric Glass Co. Ltd. |
Electronic Equipment, Instruments & Components | 200 | 4,759 | |||||||||||
Nippon Express Co. Ltd. |
Road & Rail | 200 | 13,838 | |||||||||||
Nippon Kayaku Co. Ltd. |
Chemicals | 450 | 4,993 | |||||||||||
Nippon Paint Holdings Co. Ltd. |
Chemicals | 2,326 | 25,371 | |||||||||||
Nippon Prologis REIT Inc. |
Equity Real Estate Investment Trusts (REITs | ) | 6 | 20,031 |
franklintempleton.com |
Semiannual Report |
251 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Japan Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Japan (continued) | ||||||||||||||
Nippon Sanso Holdings Corp. |
Chemicals | 412 | $ | 10,395 | ||||||||||
Nippon Shinyaku Co. Ltd. |
Pharmaceuticals | 128 | 10,669 | |||||||||||
Nippon Shobukai Co. Ltd. |
Chemicals | 78 | 4,041 | |||||||||||
Nippon Steel Corp. |
Metals & Mining | 2,200 | 40,106 | |||||||||||
Nippon Telegraph & Telephone Corp. |
Diversified Telecommunication Services | 3,250 | 89,861 | |||||||||||
Nippon Television Holdings Inc. |
Media | 250 | 2,830 | |||||||||||
Nippon Yusen KK |
Marine | 450 | 34,080 | |||||||||||
Nipro Corp. |
Health Care Equipment & Supplies | 500 | 5,207 | |||||||||||
Nishi-Nippon Railroad Co. Ltd. |
Road & Rail | 200 | 5,094 | |||||||||||
Nissan Chemical Corp. |
Chemicals | 356 | 20,867 | |||||||||||
a |
Nissan Motor Co. Ltd. |
Automobiles | 5,400 | 27,204 | ||||||||||
Nisshin Seifun Group Inc. |
Food Products | 700 | 11,676 | |||||||||||
Nissin Foods Holdings Co. Ltd. |
Food Products | 176 | 14,134 | |||||||||||
Nitori Holdings Co. Ltd. |
Specialty Retail | 201 | 39,831 | |||||||||||
Nitto Denko Corp. |
Chemicals | 400 | 28,609 | |||||||||||
Noevir Holdings Co. Ltd. |
Personal Products | 46 | 2,197 | |||||||||||
NOF Corp. |
Chemicals | 200 | 11,329 | |||||||||||
NOK Corp. |
Auto Components | 286 | 3,376 | |||||||||||
Nomura Holdings Inc. |
Capital Markets | 8,250 | 40,934 | |||||||||||
Nomura Real Estate Holdings Inc. |
Real Estate Management & Development | 300 | 7,846 | |||||||||||
Nomura Real Estate Master Fund Inc. |
Equity Real Estate Investment Trusts (REITs | ) | 12 | 17,273 | ||||||||||
Nomura Research Institute Ltd. |
IT Services | 720 | 26,716 | |||||||||||
NS Solutions Corp. |
IT Services | 68 | 2,313 | |||||||||||
NSK Ltd. |
Machinery | 1,400 | 9,549 | |||||||||||
NTT Data Corp. |
IT Services | 1,700 | 32,987 | |||||||||||
Obayashi Corp. |
Construction & Engineering | 1,850 | 15,404 | |||||||||||
OBIC Business Consultants Co. Ltd. |
Software | 42 | 2,146 | |||||||||||
OBIC Co. Ltd. |
IT Services | 179 | 34,284 | |||||||||||
Odakyu Electric Railway Co. Ltd. |
Road & Rail | 850 | 19,754 | |||||||||||
Oji Holdings Corp. |
Paper & Forest Products | 2,400 | 12,153 | |||||||||||
Okuma Corp. |
Machinery | 68 | 3,315 | |||||||||||
Olympus Corp. |
Health Care Equipment & Supplies | 2,870 | 63,188 | |||||||||||
Omron Corp. |
Electronic Equipment, Instruments & Components | 508 | 50,538 | |||||||||||
Ono Pharmaceutical Co. Ltd. |
Pharmaceuticals | 1,152 | 26,359 | |||||||||||
Open House Co. Ltd. |
Household Durables | 200 | 11,866 | |||||||||||
Oracle Corp. Japan |
Software | 80 | 7,041 | |||||||||||
Orient Corp. |
Consumer Finance | 1,800 | 2,678 | |||||||||||
Oriental Land Co. Ltd. |
Hotels, Restaurants & Leisure | 506 | 82,221 | |||||||||||
ORIX Corp. |
Diversified Financial Services | 3,300 | 62,406 | |||||||||||
ORIX JREIT Inc. |
Equity Real Estate Investment Trusts (REITs | ) | 6 | 10,432 | ||||||||||
Osaka Gas Co. Ltd. |
Gas Utilities | 1,050 | 19,283 | |||||||||||
OSG Corp. |
Machinery | 200 | 3,458 | |||||||||||
Otsuka Corp. |
IT Services | 268 | 13,787 | |||||||||||
Otsuka Holdings Co. Ltd. |
Pharmaceuticals | 1,152 | 49,425 | |||||||||||
Paltac Corp. |
Distributors | 80 | 3,621 | |||||||||||
Pan Pacific International Holdings Corp. |
Multiline Retail | 1,214 | 25,221 | |||||||||||
Panasonic Corp. |
Household Durables | 5,800 | 72,256 | |||||||||||
a |
Park24 Co. Ltd. |
Commercial Services & Supplies | 286 | 4,891 | ||||||||||
Penta-Ocean Construction Co. Ltd. |
Construction & Engineering | 950 | 6,497 | |||||||||||
a |
PeptiDream Inc. |
Biotechnology | 230 | 7,503 | ||||||||||
Persol Holdings Co. Ltd. |
Professional Services | 450 | 11,333 | |||||||||||
Pigeon Corp. |
Household Products | 318 | 7,410 | |||||||||||
Pola Orbis Holdings Inc. |
Personal Products | 200 | 4,621 | |||||||||||
Rakus Co. Ltd. |
Software | 300 | 10,634 | |||||||||||
Rakuten Inc. |
Internet & Direct Marketing Retail | 2,400 | 23,253 | |||||||||||
Recruit Holdings Co. Ltd. |
Professional Services | 3,638 | 222,763 | |||||||||||
Relo Group Inc. |
Real Estate Management & Development | 268 | 5,577 | |||||||||||
a |
Renesas Electronics Corp. |
Semiconductors & Semiconductor Equipment | 2,700 | 33,782 |
252 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Japan Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Japan (continued) | ||||||||||||||
Rengo Co. Ltd. |
Containers & Packaging | 750 | $ | 5,895 | ||||||||||
a |
RENOVA Inc. |
Independent Power and Renewable Electricity Producers | 150 | 6,177 | ||||||||||
Resona Holdings Inc. |
Banks | 6,018 | 24,207 | |||||||||||
Resorttrust Inc. |
Hotels, Restaurants & Leisure | 200 | 3,951 | |||||||||||
Ricoh Co. Ltd. |
Technology Hardware, Storage & Peripherals | 1,850 | 19,035 | |||||||||||
Rinnai Corp. |
Household Durables | 94 | 10,329 | |||||||||||
Rohm Co. Ltd. |
Semiconductors & Semiconductor Equipment | 218 | 20,789 | |||||||||||
Rohto Pharmaceutical Co. Ltd. |
Personal Products | 268 | 8,239 | |||||||||||
Ryohin Keikaku Co. Ltd. |
Multiline Retail | 650 | 14,564 | |||||||||||
Sankyo Co. Ltd. |
Leisure Products | 136 | 3,393 | |||||||||||
Sankyu Inc. |
Road & Rail | 136 | 6,314 | |||||||||||
a |
Sansan Inc. |
Software | 55 | 5,324 | ||||||||||
Santen Pharmaceutical Co. Ltd. |
Pharmaceuticals | 950 | 13,419 | |||||||||||
Sanwa Holdings Corp. |
Building Products | 550 | 7,177 | |||||||||||
Sapporo Holdings Ltd. |
Beverages | 150 | 3,462 | |||||||||||
Sawai Group Holdings Co. Ltd. |
Pharmaceuticals | 94 | 4,381 | |||||||||||
SBI Holdings Inc. |
Capital Markets | 656 | 16,233 | |||||||||||
SCREEN Holdings Co. Ltd. |
Semiconductors & Semiconductor Equipment | 96 | 8,269 | |||||||||||
SCSK Corp. |
IT Services | 336 | 7,125 | |||||||||||
Secom Co. Ltd. |
Commercial Services & Supplies | 536 | 38,926 | |||||||||||
Sega Sammy Holdings Inc. |
Leisure Products | 564 | 8,052 | |||||||||||
a |
Seibu Holdings Inc. |
Road & Rail | 600 | 7,658 | ||||||||||
Seiko Epson Corp. |
Technology Hardware, Storage & Peripherals | 750 | 15,185 | |||||||||||
Seino Holdings Co. Ltd. |
Road & Rail | 400 | 4,872 | |||||||||||
Sekisui Chemical Co. Ltd. |
Household Durables | 950 | 16,407 | |||||||||||
Sekisui House Ltd. |
Household Durables | 1,550 | 32,667 | |||||||||||
Sekisui House Reit Inc. |
Equity Real Estate Investment Trusts (REITs | ) | 11 | 9,110 | ||||||||||
Seven & i Holdings Co. Ltd. |
Food & Staples Retailing | 2,100 | 95,707 | |||||||||||
Seven Bank Ltd. |
Banks | 2,150 | 4,798 | |||||||||||
SG Holdings Co. Ltd. |
Air Freight & Logistics | 1,172 | 33,403 | |||||||||||
Sharp Corp. |
Household Durables | 700 | 8,890 | |||||||||||
a |
SHIFT Inc. |
IT Services | 30 | 6,397 | ||||||||||
Shikoku Electric Power Co. Inc. |
Electric Utilities | 600 | 4,173 | |||||||||||
Shimadzu Corp. |
Electronic Equipment, Instruments & Components | 750 | 33,038 | |||||||||||
Shimamura Co. Ltd. |
Specialty Retail | 58 | 5,453 | |||||||||||
SHIMANO Inc. |
Leisure Products | 210 | 61,922 | |||||||||||
Shimizu Corp. |
Construction & Engineering | 1,500 | 11,333 | |||||||||||
Shin-Etsu Chemical Co. Ltd. |
Chemicals | 1,080 | 182,944 | |||||||||||
Shinko Electric Industries Co. Ltd. |
Semiconductors & Semiconductor Equipment | 200 | 6,704 | |||||||||||
Shinsei Bank Ltd. |
Banks | 450 | 7,558 | |||||||||||
Shionogi & Co. Ltd. |
Pharmaceuticals | 756 | 51,861 | |||||||||||
Ship Healthcare Holdings Inc. |
Health Care Providers & Services | 200 | 5,170 | |||||||||||
Shiseido Co. Ltd. |
Personal Products | 1,054 | 71,199 | |||||||||||
SHO-BOND Holdings Co. Ltd. |
Construction & Engineering | 120 | 5,335 | |||||||||||
a |
Shochiku Co. Ltd. |
Entertainment | 28 | 3,313 | ||||||||||
Shoei Co. Ltd. |
Real Estate Management & Development | 1,000 | 11,185 | |||||||||||
Showa Denko K.K. |
Chemicals | 476 | 11,668 | |||||||||||
a |
Skylark Holdings Co. Ltd. |
Hotels, Restaurants & Leisure | 600 | 8,819 | ||||||||||
SMC Corp. |
Machinery | 152 | 95,471 | |||||||||||
SMS Co. Ltd. |
Professional Services | 140 | 5,126 | |||||||||||
Softbank Corp. |
Wireless Telecommunication Services | 7,600 | 103,161 | |||||||||||
SoftBank Group Corp. |
Wireless Telecommunication Services | 3,680 | 213,725 | |||||||||||
Sohgo Security Services Co. Ltd. |
Commercial Services & Supplies | 164 | 7,423 | |||||||||||
Sojitz Corp. |
Trading Companies & Distributors | 800 | 13,193 | |||||||||||
Sompo Holdings Inc. |
Insurance | 918 | 40,159 | |||||||||||
Sony Corp. |
Household Durables | 3,400 | 379,538 | |||||||||||
Sotetsu Holdings Inc. |
Road & Rail | 200 | 3,990 | |||||||||||
Square Enix Holdings Co. Ltd. |
Entertainment | 200 | 10,665 |
franklintempleton.com |
Semiannual Report |
253 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Japan Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Japan (continued) | ||||||||||||||
Stanley Electric Co. Ltd. |
Auto Components | 408 | $ | 10,327 | ||||||||||
Subaru Corp. |
Automobiles | 1,650 | 30,737 | |||||||||||
Sugi Pharmacy Co. Ltd. |
Food & Staples Retailing | 92 | 6,720 | |||||||||||
Sumco Corp. |
Semiconductors & Semiconductor Equipment | 650 | 13,114 | |||||||||||
Sumitomo Bakelite Co. Ltd. |
Chemicals | 68 | 3,163 | |||||||||||
Sumitomo Chemical Co. Ltd. |
Chemicals | 4,200 | 22,021 | |||||||||||
Sumitomo Corp. |
Trading Companies & Distributors | 3,050 | 43,232 | |||||||||||
Sumitomo Dainippon Pharma Co. Ltd. |
Pharmaceuticals | 450 | 8,058 | |||||||||||
Sumitomo Electric Industries Ltd. |
Auto Components | 2,150 | 28,827 | |||||||||||
Sumitomo Forestry Co. Ltd. |
Household Durables | 350 | 6,726 | |||||||||||
Sumitomo Heavy Industries Ltd. |
Machinery | 318 | 8,382 | |||||||||||
Sumitomo Metal Mining Co. Ltd. |
Metals & Mining | 650 | 23,681 | |||||||||||
Sumitomo Mitsui Financial Group Inc. |
Banks | 3,544 | 125,275 | |||||||||||
Sumitomo Realty & Development Co. Ltd. |
Real Estate Management & Development | 1,050 | 38,462 | |||||||||||
Sumitomo Rubber Industries Ltd. |
Auto Components | 500 | 6,381 | |||||||||||
Sundrug Co. Ltd. |
Food & Staples Retailing | 170 | 5,196 | |||||||||||
Suntory Beverage & Food Ltd. |
Beverages | 370 | 15,387 | |||||||||||
Sushiro Global Holdings Ltd. |
Hotels, Restaurants & Leisure | 280 | 12,949 | |||||||||||
Suzuken Co. Ltd. |
Health Care Providers & Services | 200 | 5,879 | |||||||||||
Suzuki Motor Corp. |
Automobiles | 1,216 | 54,438 | |||||||||||
Sysmex Corp. |
Health Care Equipment & Supplies | 520 | 64,921 | |||||||||||
T&D Holdings Inc. |
Insurance | 1,450 | 20,130 | |||||||||||
Taiheiyo Cement Corp. |
Construction Materials | 300 | 6,254 | |||||||||||
Taisei Corp. |
Construction & Engineering | 470 | 15,165 | |||||||||||
Taisho Pharmaceutical Holdings Co. Ltd. |
Pharmaceuticals | 108 | 6,321 | |||||||||||
Taiyo Yuden Co. Ltd. |
Electronic Equipment, Instruments & Components | 321 | 19,017 | |||||||||||
Takara Bio Inc. |
Biotechnology | 136 | 3,858 | |||||||||||
Takara Holdings Inc. |
Beverages | 450 | 6,530 | |||||||||||
Takashimaya Co. Ltd. |
Multiline Retail | 400 | 4,485 | |||||||||||
Takeda Pharmaceutical Co. Ltd. |
Pharmaceuticals | 4,246 | 140,766 | |||||||||||
TBS Holdings Inc. |
Media | 86 | 1,322 | |||||||||||
TDK Corp. |
Electronic Equipment, Instruments & Components | 978 | 35,456 | |||||||||||
TechnoPro Holdings Inc. |
Professional Services | 314 | 9,526 | |||||||||||
Teijin Ltd. |
Chemicals | 500 | 7,143 | |||||||||||
Terumo Corp. |
Health Care Equipment & Supplies | 1,780 | 84,314 | |||||||||||
The Bank of Kyoto Ltd. |
Banks | 200 | 9,249 | |||||||||||
The Chiba Bank Ltd. |
Banks | 1,850 | 12,087 | |||||||||||
The Chugoku Bank Ltd. |
Banks | 650 | 5,028 | |||||||||||
The Chugoku Electric Power Co. Inc. |
Electric Utilities | 800 | 7,306 | |||||||||||
The Dai-ichi Life Holdings Inc. |
Insurance | 2,800 | 62,061 | |||||||||||
The Iyo Bank Ltd. |
Banks | 750 | 3,872 | |||||||||||
The Shizuoka Bank Ltd. |
Banks | 1,350 | 11,144 | |||||||||||
THK Co. Ltd. |
Machinery | 290 | 6,433 | |||||||||||
TIS Inc. |
IT Services | 650 | 17,797 | |||||||||||
Tobu Railway Co. Ltd. |
Road & Rail | 536 | 14,484 | |||||||||||
Toda Corp. |
Construction & Engineering | 800 | 5,643 | |||||||||||
Toho Co. Ltd. |
Entertainment | 280 | 13,225 | |||||||||||
Toho Gas Co. Ltd. |
Gas Utilities | 233 | 10,180 | |||||||||||
Tohoku Electric Power Co. Inc. |
Electric Utilities | 1,300 | 9,577 | |||||||||||
Tokai Carbon Co. Ltd. |
Chemicals | 550 | 7,103 | |||||||||||
Tokai Rika Co. Ltd. |
Auto Components | 136 | 1,959 | |||||||||||
Tokio Marine Holdings Inc. |
Insurance | 1,742 | 94,005 | |||||||||||
Tokuyama Corp. |
Chemicals | 200 | 3,850 | |||||||||||
Tokyo Century Corp. |
Diversified Financial Services | 166 | 9,418 | |||||||||||
a |
Tokyo Electric Power Co. Holdings Inc. |
Electric Utilities | 4,200 | 12,046 | ||||||||||
Tokyo Electron Ltd. |
Semiconductors & Semiconductor Equipment | 405 | 180,294 | |||||||||||
Tokyo Gas Co. Ltd. |
Gas Utilities | 1,149 | 21,410 | |||||||||||
Tokyo Ohka Kogyo Co. Ltd. |
Chemicals | 96 | 5,928 |
254 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Japan Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Japan (continued) | ||||||||||||||
Tokyo Tatemono Co. Ltd. |
Real Estate Management & Development | 536 | $ | 8,522 | ||||||||||
TOKYU Corp. |
Road & Rail | 1,350 | 20,158 | |||||||||||
Tokyu Fudosan Holdings Corp. |
Real Estate Management & Development | 1,850 | 11,441 | |||||||||||
TOPPAN Inc. |
Commercial Services & Supplies | 750 | 12,792 | |||||||||||
Toray Industries Inc. |
Chemicals | 4,200 | 26,960 | |||||||||||
Toshiba Corp. |
Industrial Conglomerates | 1,190 | 50,288 | |||||||||||
Toshiba Tec Corp. |
Technology Hardware, Storage & Peripherals | 60 | 2,552 | |||||||||||
Tosoh Corp. |
Chemicals | 736 | 13,417 | |||||||||||
TOTO Ltd. |
Building Products | 378 | 18,057 | |||||||||||
Toyo Seikan Group Holdings Ltd. |
Containers & Packaging | 400 | 4,729 | |||||||||||
Toyo Suisan Kaisha Ltd. |
Food Products | 237 | 10,525 | |||||||||||
Toyo Tire Corp. |
Auto Components | 268 | 4,816 | |||||||||||
Toyoda Gosei Co. Ltd. |
Auto Components | 200 | 4,028 | |||||||||||
Toyota Boshoku Corp. |
Auto Components | 150 | 2,677 | |||||||||||
Toyota Industries Corp. |
Auto Components | 450 | 37,105 | |||||||||||
Toyota Motor Corp. |
Automobiles | 33,755 | 605,064 | |||||||||||
Toyota Tsusho Corp. |
Trading Companies & Distributors | 600 | 25,570 | |||||||||||
Trend Micro Inc. |
Software | 304 | 16,947 | |||||||||||
TS TECH Co. Ltd. |
Auto Components | 300 | 3,885 | |||||||||||
Tsumura & Co. |
Pharmaceuticals | 200 | 6,417 | |||||||||||
Tsuruha Holdings Inc. |
Food & Staples Retailing | 98 | 12,086 | |||||||||||
TV Asahi Holdings Corp. |
Media | 68 | 1,070 | |||||||||||
Ube Industries Ltd. |
Chemicals | 268 | 5,280 | |||||||||||
Ulvac Inc. |
Semiconductors & Semiconductor Equipment | 136 | 7,813 | |||||||||||
Unicharm Corp. |
Household Products | 1,050 | 46,574 | |||||||||||
United Urban Investment Corp. |
Equity Real Estate Investment Trusts (REITs | ) | 8 | 10,812 | ||||||||||
Ushio Inc. |
Electrical Equipment | 300 | 5,654 | |||||||||||
USS Co. Ltd. |
Specialty Retail | 550 | 9,430 | |||||||||||
Welcia Holdings Co. Ltd. |
Food & Staples Retailing | 272 | 9,776 | |||||||||||
West Japan Railway Co. |
Road & Rail | 610 | 30,862 | |||||||||||
Yakult Honsha Co. Ltd. |
Food Products | 345 | 17,501 | |||||||||||
Yamada Holdings Co. Ltd. |
Specialty Retail | 2,150 | 9,057 | |||||||||||
Yamaguchi Financial Group Inc. |
Banks | 800 | 4,775 | |||||||||||
Yamaha Corp. |
Leisure Products | 450 | 28,434 | |||||||||||
Yamaha Motor Co. Ltd. |
Automobiles | 848 | 23,713 | |||||||||||
Yamato Holdings Co. Ltd. |
Air Freight & Logistics | 910 | 23,081 | |||||||||||
Yamato Kogyo Co. Ltd. |
Metals & Mining | 118 | 3,807 | |||||||||||
Yamazaki Baking Co. Ltd. |
Food Products | 336 | 5,860 | |||||||||||
Yaoko Co. Ltd. |
Food & Staples Retailing | 68 | 4,193 | |||||||||||
YASKAWA Electric Corp. |
Machinery | 710 | 34,363 | |||||||||||
Yokogawa Electric Corp. |
Electronic Equipment, Instruments & Components | 650 | 11,413 | |||||||||||
Yokohama Rubber Co. Ltd. |
Auto Components | 300 | 5,418 | |||||||||||
Z Holdings Corp. |
Interactive Media & Services | 7,400 | 47,600 | |||||||||||
Zenkoku Hosho Co. Ltd. |
Diversified Financial Services | 136 | 6,655 | |||||||||||
Zensho Holdings Co. Ltd. |
Hotels, Restaurants & Leisure | 250 | 6,220 | |||||||||||
Zeon Corp. |
Chemicals | 400 | 5,664 | |||||||||||
Zozo Inc. |
Internet & Direct Marketing Retail | 318 | 11,956 | |||||||||||
|
|
|||||||||||||
Total Common Stocks (Cost $13,440,152) 98.8% |
12,719,993 | |||||||||||||
|
|
franklintempleton.com |
Semiannual Report |
255 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Japan Hedged ETF (continued)
Industry | Shares | Value | ||||||||||||
Short Term Investments (Cost $19,193) 0.2% | ||||||||||||||
Short-Term Investments 0.2% |
||||||||||||||
United States 0.2% | ||||||||||||||
b,c |
Institutional Fiduciary Portfolio, 0.01% |
Money Market Funds | 19,193 | 19,193 | ||||||||||
|
|
|||||||||||||
Total Investments (Cost $13,459,345) 99.0% |
12,739,186 | |||||||||||||
Other Assets, less Liabilities 1.0% |
133,163 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 12,872,349 | ||||||||||||
|
|
aNon-income producing.
bSee Note 3(c) regarding investments in affiliated management investment companies.
cThe rate shown is the annualized seven-day effective yield at period end.
At September 30, 2021 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 |
DBAB | Buy | 397,673,000 | $ | 3,564,177 | 10/04/21 | $ | — | $ | — | ||||||||||||||||||
Japanese Yen |
HSBK | Buy | 397,673,000 | 3,564,122 | 10/04/21 | 54 | — | |||||||||||||||||||||
Japanese Yen |
MSCO | Buy | 162,684,000 | 1,458,032 | 10/04/21 | 37 | — | |||||||||||||||||||||
Japanese Yen |
UBSW | Buy | 397,673,000 | 3,564,141 | 10/04/21 | 35 | — | |||||||||||||||||||||
Japanese Yen |
DBAB | Sell | 397,673,000 | 3,616,524 | 10/04/21 | 52,348 | — | |||||||||||||||||||||
Japanese Yen |
HSBK | Sell | 397,673,000 | 3,620,746 | 10/04/21 | 56,569 | — | |||||||||||||||||||||
Japanese Yen |
MSCO | Sell | 162,684,000 | 1,481,198 | 10/04/21 | 23,129 | — | |||||||||||||||||||||
Japanese Yen |
UBSW | Sell | 397,673,000 | 3,620,765 | 10/04/21 | 56,589 | — | |||||||||||||||||||||
Japanese Yen |
DBAB | Sell | 425,928,000 | 3,818,143 | 11/02/21 | — | (22 | ) | ||||||||||||||||||||
Japanese Yen |
HSBK | Sell | 425,928,000 | 3,818,061 | 11/02/21 | — | (104 | ) | ||||||||||||||||||||
Japanese Yen |
MSCO | Sell | 174,243,000 | 1,561,930 | 11/02/21 | — | (44 | ) | ||||||||||||||||||||
Japanese Yen |
UBSW | Sell | 425,928,000 | 3,818,109 | 11/02/21 | — | (56 | ) | ||||||||||||||||||||
|
|
|||||||||||||||||||||||||||
Total Forward Exchange Contracts |
|
$ | 188,761 | $ | (226 | ) | ||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||
Net unrealized appreciation (depreciation) |
|
$ | 188,535 | |||||||||||||||||||||||||
|
|
aMay be comprised of multiple contracts with the same counterparty, currency and settlement date.
At September 30, 2021, 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 | ||||||||||||||||||||
Nikkei 225 Mini |
Long | 5 | $ | 132,019 | 12/09/21 | $ | (318 | ) |
*As of period end.
See Note 8 regarding other derivative information.
See Abbreviations on page 339.
256 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE Latin America ETF
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, | |||||||||||||||
2021 | 2020 | 2019a | ||||||||||||||
Per share operating
performance (for a share outstanding throughout the period) |
| |||||||||||||||
Net asset value, beginning of period |
$ | 22.40 | $ | 15.20 | $ | 26.41 | $ | 26.17 | ||||||||
|
|
|||||||||||||||
Income from investment operationsb: |
| |||||||||||||||
Net investment incomec |
0.72 | 0.57 | 0.77 | 0.38 | ||||||||||||
Net realized and unrealized gains (losses) |
(0.82 | ) | 7.13 | (11.08 | ) | (0.02 | ) | |||||||||
|
|
|||||||||||||||
Total from investment operations |
(0.10 | ) | 7.70 | (10.31 | ) | 0.36 | ||||||||||
|
|
|||||||||||||||
Less distributions from net investment income | (0.31 | ) | (0.50 | ) | (0.90 | ) | (0.12 | ) | ||||||||
|
|
|||||||||||||||
Net asset value, end of period |
$ | 21.99 | $ | 22.40 | $ | 15.20 | $ | 26.41 | ||||||||
|
|
|||||||||||||||
Total returnd |
(0.67)% | 50.80% | (40.49)% | 1.42% | ||||||||||||
Ratios to average net assetse |
| |||||||||||||||
Total expenses |
0.19% | 0.19% | 0.21% | 0.19% | ||||||||||||
Net investment income |
5.91% | 2.86% | 2.97% | 3.08% | ||||||||||||
Supplemental data |
| |||||||||||||||
Net assets, end of period (000’s) |
$4,399 | $4,480 | $1,520 | $2,641 | ||||||||||||
Portfolio turnover ratef |
10.58% | 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: | 10.58% | 10.21% | 12.74% |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
257 |
FRANKLIN TEMPLETON ETF TRUST
Statement of Investments, September 30, 2021 (unaudited)
Franklin FTSE Latin America ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 80.4% | ||||||||||||||
Brazil 46.7% | ||||||||||||||
Aliansce Sonae Shopping Centers SA |
Real Estate Management & Development | 800 | $ | 3,336 | ||||||||||
Ambev SA |
Beverages | 30,600 | 85,922 | |||||||||||
a |
Americanas SA |
Internet & Direct Marketing Retail | 3,026 | 17,171 | ||||||||||
Atacadao Distribuicao Comercio e Industria Ltd. |
Food & Staples Retailing | 1,800 | 5,867 | |||||||||||
a |
Azul SA |
Airlines | 2,000 | 13,364 | ||||||||||
B3 SA – Brasil Bolsa Balcao |
Capital Markets | 42,800 | 100,070 | |||||||||||
Banco Bradesco SA |
Banks | 9,719 | 31,856 | |||||||||||
Banco BTG Pactual SA |
Capital Markets | 6,600 | 30,475 | |||||||||||
Banco do Brasil SA |
Banks | 6,000 | 31,823 | |||||||||||
Banco Inter SA |
Banks | 3,200 | 8,956 | |||||||||||
Banco Santander Brasil SA |
Banks | 2,600 | 16,877 | |||||||||||
BB Seguridade Participacoes SA |
Insurance | 4,600 | 16,842 | |||||||||||
a |
BR Malls Participacoes SA |
Real Estate Management & Development | 5,800 | 8,601 | ||||||||||
Bradespar SA |
Metals & Mining | 210 | 1,828 | |||||||||||
a |
BRF SA |
Food Products | 5,600 | 27,841 | ||||||||||
CCR SA |
Transportation Infrastructure | 7,800 | 16,748 | |||||||||||
Centrais Eletricas Brasileiras SA |
Electric Utilities | 4,400 | 31,097 | |||||||||||
Cia Brasileira de Distribuicao |
Food & Staples Retailing | 1,100 | 5,196 | |||||||||||
Cia Siderurgica Nacional SA |
Metals & Mining | 4,400 | 23,200 | |||||||||||
Cielo SA |
IT Services | 8,200 | 3,446 | |||||||||||
a |
Cogna Educacao |
Diversified Consumer Services | 13,200 | 6,565 | ||||||||||
Companhia de Locacao das Americas |
Road & Rail | 2,400 | 10,699 | |||||||||||
Companhia de Saneamento Basico do Estado de Sao Paulo |
Water Utilities | 2,400 | 16,988 | |||||||||||
Companhia Energetica de Minas Gerais |
Electric Utilities | 1,792 | 5,617 | |||||||||||
Companhia Paranaense de Energia-Copel |
Electric Utilities | 2,200 | 2,689 | |||||||||||
Cosan SA |
Oil, Gas & Consumable Fuels | 8,412 | 35,476 | |||||||||||
CPFL Energia SA |
Electric Utilities | 1,200 | 5,931 | |||||||||||
CSN Mineracao SA |
Metals & Mining | 3,800 | 4,442 | |||||||||||
Cyrela Brazil Realty SA Empreendimentos e Participacoes |
Household Durables | 2,000 | 6,607 | |||||||||||
Dexco SA |
Paper & Forest Products | 2,000 | 6,229 | |||||||||||
EDP – Energias do Brasil SA |
Electric Utilities | 1,800 | 6,065 | |||||||||||
a |
Embraer SA |
Aerospace & Defense | 5,200 | 22,073 | ||||||||||
Energisa SA |
Electric Utilities | 1,800 | 14,505 | |||||||||||
a |
Eneva SA |
Independent Power and Renewable Electricity Producers | 6,800 | 20,554 | ||||||||||
Engie Brasil Energia SA |
Independent Power and Renewable Electricity Producers | 1,200 | 8,250 | |||||||||||
Equatorial Energia SA |
Electric Utilities | 6,400 | 29,775 | |||||||||||
Ez Tec Empreendimentos e Participacoes SA |
Household Durables | 700 | 2,934 | |||||||||||
Fleury SA |
Health Care Providers & Services | 1,600 | 6,495 | |||||||||||
Grendene SA |
Textiles, Apparel & Luxury Goods | 2,400 | 4,079 | |||||||||||
a |
Grupo Mateus SA |
Food & Staples Retailing | 2,800 | 3,916 | ||||||||||
Guararapes Confeccoes SA |
Textiles, Apparel & Luxury Goods | 600 | 1,490 | |||||||||||
b,c |
Hapvida Participacoes e Investimentos SA, 144A, Reg S |
Health Care Providers & Services | 9,200 | 22,946 | ||||||||||
Hypera SA |
Pharmaceuticals | 2,800 | 16,516 | |||||||||||
IRB Brasil Resseguros SA |
Insurance | 7,874 | 6,835 | |||||||||||
Itau Unibanco Holding SA |
Banks | 3,200 | 15,856 | |||||||||||
a |
Klabin SA |
Containers & Packaging | 5,600 | 24,881 | ||||||||||
Localiza Rent a Car SA |
Road & Rail | 4,105 | 41,036 | |||||||||||
b |
Locaweb Servicos de Internet SA, 144A |
IT Services | 3,000 | 12,597 | ||||||||||
Lojas Americanas SA |
Internet & Direct Marketing Retail | 2,018 | 1,633 | |||||||||||
Lojas Renner SA |
Multiline Retail | 6,060 | 38,280 | |||||||||||
M Dias Branco SA |
Food Products | 800 | 4,851 | |||||||||||
Magazine Luiza SA |
Multiline Retail | 20,824 | 54,803 | |||||||||||
Marfrig Global Foods SA |
Food Products | 2,400 | 11,302 |
258 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Latin America ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Brazil (continued) | ||||||||||||||
Multiplan Empreendimentos Imobiliarios SA |
Real Estate Management & Development | 2,000 | $ | 6,985 | ||||||||||
a |
Natura & Co. Holding SA |
Personal Products | 6,800 | 56,869 | ||||||||||
Neoenergia SA |
Electric Utilities | 1,600 | 4,496 | |||||||||||
Notre Dame Intermedica Participacoes SA |
Health Care Providers & Services | 3,600 | 49,294 | |||||||||||
Odontoprev SA |
Health Care Providers & Services | 1,800 | 5,437 | |||||||||||
a |
Petro Rio SA |
Oil, Gas & Consumable Fuels | 4,600 | 21,122 | ||||||||||
Petrobras Distribuidora SA |
Specialty Retail | 8,200 | 35,350 | |||||||||||
Petroleo Brasileiro SA |
Oil, Gas & Consumable Fuels | 26,000 | 134,321 | |||||||||||
Porto Seguro SA |
Insurance | 600 | 5,446 | |||||||||||
Qualicorp Consultoria e Corretora de Seguros SA |
Health Care Providers & Services | 1,200 | 4,402 | |||||||||||
Raia Drogasil SA |
Food & Staples Retailing | 7,600 | 32,596 | |||||||||||
b |
Rede D’Or Sao Luiz SA, 144A |
Health Care Providers & Services | 3,300 | 41,128 | ||||||||||
a |
Rumo SA |
Road & Rail | 8,800 | 27,116 | ||||||||||
Sao Martinho SA |
Food Products | 1,200 | 7,704 | |||||||||||
Sendas Distribuidora SA |
Food & Staples Retailing | 5,400 | 18,869 | |||||||||||
SIMPAR SA |
Road & Rail | 1,600 | 4,014 | |||||||||||
Sul America SA |
Insurance | 2,800 | 13,093 | |||||||||||
a |
Suzano SA |
Paper & Forest Products | 5,100 | 51,029 | ||||||||||
Telefonica Brasil SA |
Diversified Telecommunication Services | 3,100 | 24,390 | |||||||||||
TIM SA |
Wireless Telecommunication Services | 5,600 | 12,076 | |||||||||||
Totvs SA |
Software | 3,400 | 22,526 | |||||||||||
Transmissora Alianca de Energia Eletrica SA |
Electric Utilities | 1,600 | 10,524 | |||||||||||
Ultrapar Participacoes SA |
Oil, Gas & Consumable Fuels | 5,728 | 15,495 | |||||||||||
Usinas Siderurgicas de Minas Gerais SA Usiminas |
Metals & Mining | 1,200 | 3,462 | |||||||||||
Vale SA |
Metals & Mining | 27,654 | 386,930 | |||||||||||
a |
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA |
Road & Rail | 1,200 | 3,292 | ||||||||||
a |
Via SA |
Specialty Retail | 10,800 | 15,282 | ||||||||||
WEG SA |
Electrical Equipment | 10,400 | 75,640 | |||||||||||
YDUQS Participacoes SA |
Diversified Consumer Services | 2,200 | 9,593 | |||||||||||
|
|
|||||||||||||
2,051,912 | ||||||||||||||
|
|
|||||||||||||
Chile 5.0% | ||||||||||||||
AES Andes SA |
Independent Power and Renewable Electricity Producers | 24,012 | 2,819 | |||||||||||
Banco de Chile |
Banks | 305,658 | 28,150 | |||||||||||
Banco de Credito e Inversiones SA |
Banks | 336 | 12,245 | |||||||||||
Banco Santander Chile |
Banks | 433,764 | 21,699 | |||||||||||
CAP SA |
Metals & Mining | 522 | 5,540 | |||||||||||
Cencosud SA |
Food & Staples Retailing | 9,176 | 17,715 | |||||||||||
Cencosud Shopping SA |
Real Estate Management & Development | 3,594 | 4,204 | |||||||||||
Cia Sud Americana de Vapores SA |
Marine | 122,400 | 8,615 | |||||||||||
Colbun SA |
Independent Power and Renewable Electricity Producers | 49,494 | 8,007 | |||||||||||
Compania Cervecerias Unidas SA |
Beverages | 924 | 8,214 | |||||||||||
Empresa Nacional de Telecomunicaciones SA |
Wireless Telecommunication Services | 956 | 3,932 | |||||||||||
Empresas CMPC SA |
Paper & Forest Products | 8,502 | 15,995 | |||||||||||
Empresas COPEC SA |
Oil, Gas & Consumable Fuels | 3,378 | 27,990 | |||||||||||
Enel Americas SA |
Electric Utilities | 131,330 | 15,513 | |||||||||||
Enel Chile SA |
Electric Utilities | 174,744 | 8,262 | |||||||||||
Falabella SA |
Multiline Retail | 5,490 | 19,197 | |||||||||||
a |
Itau CorpBanca Chile SA |
Banks | 1,202,210 | 2,944 | ||||||||||
a |
Parque Arauco SA |
Real Estate Management & Development | 4,730 | 4,813 | ||||||||||
Plaza SA |
Real Estate Management & Development | 2,062 | 2,209 | |||||||||||
|
|
|||||||||||||
218,063 | ||||||||||||||
|
|
franklintempleton.com |
Semiannual Report |
259 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Latin America ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Colombia 1.8% | ||||||||||||||
Bancolombia SA |
Banks | 1,936 | $ | 16,740 | ||||||||||
Cementos Argos SA |
Construction Materials | 3,368 | 5,208 | |||||||||||
Ecopetrol SA |
Oil, Gas & Consumable Fuels | 33,182 | 23,799 | |||||||||||
Grupo Argos SA |
Construction Materials | 2,112 | 6,183 | |||||||||||
Grupo de Inversiones Suramericana SA |
Diversified Financial Services | 1,774 | 9,959 | |||||||||||
Interconexion Electrica SA ESP |
Electric Utilities | 3,054 | 18,187 | |||||||||||
|
|
|||||||||||||
80,076 | ||||||||||||||
|
|
|||||||||||||
Mexico 25.9% | ||||||||||||||
Alfa SAB de CV |
Industrial Conglomerates | 18,032 | 12,560 | |||||||||||
Alpek SAB de CV |
Chemicals | 2,730 | 3,121 | |||||||||||
America Movil SAB de CV, L |
Wireless Telecommunication Services | 208,524 | 185,337 | |||||||||||
Arca Continental SAB de CV |
Beverages | 3,106 | 19,031 | |||||||||||
b |
Banco del Bajio SA, 144A |
Banks | 5,000 | 9,492 | ||||||||||
Banco Santander (Mexico), S.A., Institucion de Banca Multiple, Grupo Financiero Santander, B |
Banks | 4,002 | 4,554 | |||||||||||
Becle SAB de CV |
Beverages | 3,766 | 8,216 | |||||||||||
a |
Cemex SAB de CV |
Construction Materials | 103,252 | 74,834 | ||||||||||
Coca-Cola FEMSA SA de CV |
Beverages | 3,694 | 20,915 | |||||||||||
Concentradora Fibra Danhos SA de CV |
Equity Real Estate Investment Trusts (REITs | ) | 1,694 | 2,098 | ||||||||||
a |
Controladora Vuela Cia de Aviacion SAB de CV, A |
Airlines | 6,200 | 13,656 | ||||||||||
El Puerto de Liverpool SAB de CV |
Multiline Retail | 1,400 | 5,818 | |||||||||||
Fibra Uno Administracion SA de CV |
Equity Real Estate Investment Trusts (REITs | ) | 20,794 | 23,684 | ||||||||||
Fomento Economico Mexicano SAB de CV |
Beverages | 12,748 | 111,213 | |||||||||||
GCC SAB de CV |
Construction Materials | 1,156 | 8,702 | |||||||||||
Gruma SAB de CV |
Food Products | 1,422 | 16,356 | |||||||||||
a |
Grupo Aeroportuario del Centro Norte SAB de CV |
Transportation Infrastructure | 1,936 | 11,408 | ||||||||||
Grupo Aeroportuario del Pacifico SAB de CV |
Transportation Infrastructure | 2,430 | 28,386 | |||||||||||
Grupo Aeroportuario del Sureste SAB de CV, B |
Transportation Infrastructure | 1,402 | 26,326 | |||||||||||
Grupo Bimbo SAB de CV, A |
Food Products | 15,672 | 44,275 | |||||||||||
Grupo Carso SAB de CV |
Industrial Conglomerates | 3,204 | 11,028 | |||||||||||
Grupo Elektra SAB de CV |
Banks | 444 | 33,912 | |||||||||||
Grupo Financiero Banorte SAB de CV |
Banks | 20,274 | 130,825 | |||||||||||
a |
Grupo Financiero Inbursa SAB de CV |
Banks | 14,838 | 13,968 | ||||||||||
Grupo Mexico SAB de CV, B |
Metals & Mining | 22,100 | 88,628 | |||||||||||
Grupo Televisa SA |
Media | 16,442 | 36,430 | |||||||||||
Industrias Bachoco SAB de CV, B |
Food Products | 1,106 | 4,090 | |||||||||||
a |
Industrias Penoles SA |
Metals & Mining | 880 | 10,421 | ||||||||||
Kimberly-Clark de Mexico SAB de CV, A |
Household Products | 5,722 | 9,467 | |||||||||||
Megacable Holdings SAB de CV |
Media | 2,134 | 6,554 | |||||||||||
Orbia Advance Corp. SAB de CV |
Chemicals | 7,148 | 18,409 | |||||||||||
Promotora y Operadora de Infraestructura SAB de CV |
Transportation Infrastructure | 1,508 | 10,502 | |||||||||||
Qualitas Controladora SAB de CV |
Insurance | 1,216 | 5,599 | |||||||||||
a |
Telesites SAB de CV |
Diversified Telecommunication Services | 8,866 | 7,725 | ||||||||||
Wal-Mart de Mexico SAB de CV, V |
Food & Staples Retailing | 36,034 | 123,004 | |||||||||||
|
|
|||||||||||||
1,140,544 | ||||||||||||||
|
|
|||||||||||||
United States 1.0% | ||||||||||||||
JBS SA |
Food Products | 6,600 | 44,901 | |||||||||||
|
|
|||||||||||||
Total Common Stocks (Cost $3,766,378) |
3,535,496 | |||||||||||||
|
|
|||||||||||||
Preferred Stocks 19.3% | ||||||||||||||
Brazil 17.1% | ||||||||||||||
a,d |
Alpargatas SA, pfd. |
Textiles, Apparel & Luxury Goods | 1,200 | 11,628 | ||||||||||
d |
Banco Bradesco SA, 5.530%, pfd. |
Banks | 32,996 | 126,137 | ||||||||||
d |
Banco Inter SA, 0.108%, pfd. |
Banks | 6,400 | 18,417 |
260 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Latin America ETF (continued)
Industry | Shares | Value | ||||||||||||
Preferred Stocks (continued) | ||||||||||||||
Brazil (continued) | ||||||||||||||
d |
Banco Pan SA, 1.328%, pfd. |
Banks | 2,200 | $ | 6,444 | |||||||||
d |
Bradespar SA, 10.306%, pfd. |
Metals & Mining | 1,807 | 17,336 | ||||||||||
a,d |
Braskem SA, Pfd., A |
Chemicals | 1,300 | 14,157 | ||||||||||
d |
Centrais Eletricas Brasileiras SA, 5.473%, pfd. |
Electric Utilities | 2,000 | 14,212 | ||||||||||
d |
Cia de Transmissao de Energia Eletrica Paulista, 14.243%, pfd. |
Electric Utilities | 1,400 | 6,249 | ||||||||||
d |
Cia Energetica de Minas Gerais, 5.738%, pfd. |
Electric Utilities | 6,789 | 17,481 | ||||||||||
d |
Cia Energetica de Sao Paulo, 10.995%, pfd. |
Independent Power and Renewable Electricity Producers | 1,200 | 5,200 | ||||||||||
d |
Companhia Paranaense de Energia, 13.297%, pfd. |
Electric Utilities | 9,000 | 12,024 | ||||||||||
d |
Gerdau SA, 6.421%, pfd. |
Metals & Mining | 7,600 | 37,798 | ||||||||||
d |
Itau Unibanco Holding SA, 2.423%, pfd. |
Banks | 33,600 | 178,393 | ||||||||||
d |
Itausa SA, 2.819%, pfd. |
Banks | 31,800 | 65,013 | ||||||||||
d |
Lojas Americanas SA, 4.440%, pfd. |
Internet & Direct Marketing Retail | 6,555 | 5,798 | ||||||||||
d |
Metalurgica Gerdau SA, 7.488%, pfd. |
Metals & Mining | 5,000 | 11,397 | ||||||||||
d |
Petroleo Brasileiro SA, 8.825%, pfd. |
Oil, Gas & Consumable Fuels | 39,200 | 195,896 | ||||||||||
d |
Usinas Siderurgicas de Minas Gerais SA Usiminas, 7.649%, pfd. |
Metals & Mining | 3,200 | 9,467 | ||||||||||
|
|
|||||||||||||
753,047 | ||||||||||||||
|
|
|||||||||||||
Chile 1.3% | ||||||||||||||
d |
Embotelladora Andina SA, 6.537%, pfd. |
Beverages | 2,662 | 5,736 | ||||||||||
d |
Sociedad Quimica y Minera de Chile SA, 0.002%, pfd. |
Chemicals | 952 | 51,292 | ||||||||||
|
|
|||||||||||||
57,028 | ||||||||||||||
|
|
|||||||||||||
Colombia 0.9% | ||||||||||||||
d |
Bancolombia SA, 1.476%, pfd. |
Banks | 3,110 | 26,923 | ||||||||||
d |
Grupo Aval Acciones y Valores SA, 5.049%, pfd. |
Banks | 29,066 | 8,533 | ||||||||||
d |
Grupo de Inversiones Suramericana SA, 3.248%, pfd. |
Diversified Financial Services | 606 | 2,928 | ||||||||||
|
|
|||||||||||||
38,384 | ||||||||||||||
|
|
|||||||||||||
Total Preferred Stocks (Cost $921,733) |
848,459 | |||||||||||||
|
|
|||||||||||||
Rights 0.0%† |
||||||||||||||
Chile 0.0%† |
||||||||||||||
Itau CorpBanca Chile SA |
1,081,860 | 226 | ||||||||||||
|
|
|||||||||||||
Total Investments (Cost $4,688,111) 99.7% |
4,384,181 | |||||||||||||
Other Assets, less Liabilities 0.3% |
14,384 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 4,398,565 | ||||||||||||
|
|
†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, 2021, the aggregate value of these securities was $86,163, representing 2.0% of net assets.
cSecurity was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. At September 30, 2021, the value of this security was $22,946, representing 0.5% of net assets.
dVariable rate security. The rate shown represents the yield at period end.
franklintempleton.com |
Semiannual Report |
261 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Latin America ETF (continued)
At September 30, 2021, 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 Bovespa Index |
Long | 2 | $ | 8,111 | 10/13/21 | $ | (823 | ) |
*As of period end.
See Note 8 regarding other derivative information.
See Abbreviations on page 339.
262 |
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, 2021 (unaudited) |
Year Ended March 31, | |||||||||||||||||||
2021 | 2020 | 2019 | 2018a | |||||||||||||||||
Per share operating
performance (for a share outstanding throughout the period) |
| |||||||||||||||||||
Net asset value, beginning of period |
$ | 22.14 | $ | 14.35 | $ | 22.11 | $ | 24.98 | $ | 24.90 | ||||||||||
|
|
|||||||||||||||||||
Income from investment operationsb: | ||||||||||||||||||||
Net investment incomec |
0.33 | 0.33 | 0.64 | 0.51 | 0.12 | |||||||||||||||
Net realized and unrealized gains (losses) |
2.07 | 7.78 | (7.73 | ) | (2.86 | ) | 0.04 | |||||||||||||
|
|
|||||||||||||||||||
Total from investment operations |
2.40 | 8.11 | (7.09 | ) | (2.35 | ) | 0.16 | |||||||||||||
|
|
|||||||||||||||||||
Less distributions from net investment income |
(0.26 | ) | (0.32 | ) | (0.67 | ) | (0.52 | ) | (0.08 | ) | ||||||||||
|
|
|||||||||||||||||||
Net asset value, end of period |
$ | 24.28 | $ | 22.14 | $ | 14.35 | $ | 22.11 | $ | 24.98 | ||||||||||
|
|
|||||||||||||||||||
Total returnd |
10.80% | 56.94% | (33.13)% | (9.28)% | 0.63% | |||||||||||||||
Ratios to average net assetse |
| |||||||||||||||||||
Total expenses |
0.19% | 0.19% | 0.19% | 0.19% | 0.19% | |||||||||||||||
Net investment income |
2.73% | 1.80% | 2.93% | 2.21% | 1.18% | |||||||||||||||
Supplemental data |
| |||||||||||||||||||
Net assets, end of period (000’s) |
$10,925 | $5,536 | $2,871 | $4,422 | $2,498 | |||||||||||||||
Portfolio turnover ratef |
9.99% | g | 18.32% | g | 19.32% | g | 10.31% | 9.64% |
aFor the period November 3, 2017 (commencement of operations) to March 31, 2018.
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: | 9.99% | 18.32% | 19.32% |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
263 |
FRANKLIN TEMPLETON ETF TRUST
Statement of Investments, September 30, 2021 (unaudited)
Industry | Shares | Value | ||||||||||||
Common Stocks 99.9% | ||||||||||||||
Mexico 99.9% | ||||||||||||||
Alfa SAB de CV |
Industrial Conglomerates | 245,826 | $ | 171,227 | ||||||||||
Alpek SAB de CV |
Chemicals | 35,064 | 40,091 | |||||||||||
America Movil SAB de CV, L |
Wireless Telecommunication Services | 1,636,191 | 1,454,250 | |||||||||||
Arca Continental SAB de CV |
Beverages | 41,661 | 255,265 | |||||||||||
a |
Banco del Bajio SA, 144A |
Banks | 66,771 | 126,753 | ||||||||||
Banco Santander (Mexico), S.A., Institucion de Banca Multiple, Grupo Financiero Santander |
Banks | 53,703 | 61,115 | |||||||||||
Becle SAB de CV |
Beverages | 51,678 | 112,741 | |||||||||||
b |
Cemex SAB de CV |
Construction Materials | 657,360 | 476,434 | ||||||||||
Coca-Cola FEMSA SA de CV |
Beverages | 49,608 | 280,873 | |||||||||||
Concentradora Fibra Danhos SA de CV |
Equity Real Estate Investment Trusts (REITs | ) | 21,915 | 27,148 | ||||||||||
b |
Controladora Vuela Cia de Aviacion SAB de CV, A |
Airlines | 85,455 | 188,218 | ||||||||||
El Puerto de Liverpool SAB de CV |
Multiline Retail | 18,657 | 77,536 | |||||||||||
Fibra Uno Administracion SA de CV |
Equity Real Estate Investment Trusts (REITs | ) | 279,657 | 318,527 | ||||||||||
Fomento Economico Mexicano SAB de CV |
Beverages | 106,677 | 930,649 | |||||||||||
GCC SAB de CV |
Construction Materials | 15,381 | 115,781 | |||||||||||
Gruma SAB de CV |
Food Products | 19,386 | 222,975 | |||||||||||
b |
Grupo Aeroportuario del Centro Norte SAB de CV |
Transportation Infrastructure | 26,010 | 153,266 | ||||||||||
Grupo Aeroportuario del Pacifico SAB de CV |
Transportation Infrastructure | 28,449 | 332,326 | |||||||||||
Grupo Aeroportuario del Sureste SAB de CV, B |
Transportation Infrastructure | 17,766 | 333,597 | |||||||||||
Grupo Bimbo SAB de CV, A |
Food Products | 147,285 | 416,093 | |||||||||||
Grupo Carso SAB de CV |
Industrial Conglomerates | 42,768 | 147,199 | |||||||||||
Grupo Elektra SAB de CV |
Banks | 4,467 | 341,179 | |||||||||||
Grupo Financiero Banorte SAB de CV |
Banks | 165,429 | 1,067,484 | |||||||||||
b |
Grupo Financiero Inbursa SAB de CV |
Banks | 197,865 | 186,264 | ||||||||||
Grupo Mexico SAB de CV, B |
Metals & Mining | 187,956 | 753,763 | |||||||||||
Grupo Televisa SAB |
Media | 153,405 | 339,896 | |||||||||||
Industrias Bachoco SAB de CV, B |
Food Products | 15,057 | 55,685 | |||||||||||
b |
Industrias Penoles SAB de CVIndustrias Penoles SAB de CVIndustrias Penoles SAB de CV |
Metals & Mining | 11,691 | 138,452 | ||||||||||
Kimberly-Clark de Mexico SAB de CV, A |
Household Products | 78,633 | 130,095 | |||||||||||
Megacable Holdings SAB de CV |
Media | 28,314 | 86,963 | |||||||||||
Orbia Advance Corp. SAB de CV |
Chemicals | 95,706 | 246,480 | |||||||||||
Promotora y Operadora de Infraestructura SAB de CV |
Transportation Infrastructure | 20,610 | 143,536 | |||||||||||
Qualitas Controladora SAB de CV |
Insurance | 16,173 | 74,463 | |||||||||||
b |
Telesites SAB de CV |
Diversified Telecommunication Services | 118,098 | 102,896 | ||||||||||
Wal-Mart de Mexico SAB de CV, V |
Food & Staples Retailing | 295,587 | 1,009,006 | |||||||||||
|
|
|||||||||||||
Total
Investments |
10,918,226 | |||||||||||||
Other Assets, less Liabilities 0.1% |
6,483 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 10,924,709 | ||||||||||||
|
|
See Abbreviations on page 339.
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, 2021, the value of this security was $126,753, representing 1.2% of net assets.
bNon-income producing.
264 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE Russia ETF
Six Months
Ended September 30,2021 (unaudited) |
Year Ended March 31, | |||||||||||||||||||
2021 | 2020 | 2019 | 2018a | |||||||||||||||||
Per share operating
performance (for a share outstanding throughout the period) |
| |||||||||||||||||||
Net asset value, beginning of period |
$ | 26.98 | $ | 18.91 | $ | 23.37 | $ | 24.24 | $ | 23.90 | ||||||||||
|
|
|||||||||||||||||||
Income from investment operationsb: |
| |||||||||||||||||||
Net investment income (loss)c |
1.25 | 1.41 | 1.73 | 1.03 | (0.00 | )d | ||||||||||||||
Net realized and unrealized gains (losses) |
5.36 | 8.34 | (4.44 | ) | (1.26 | ) | 0.34 | |||||||||||||
|
|
|||||||||||||||||||
Total from investment operations |
6.61 | 9.75 | (2.71 | ) | (0.23 | ) | 0.34 | |||||||||||||
|
|
|||||||||||||||||||
Less distributions from net investment income |
(0.22 | ) | (1.68 | ) | (1.75 | ) | (0.64 | ) | — | |||||||||||
|
|
|||||||||||||||||||
Net asset value, end of period |
$ | 33.37 | $ | 26.98 | $ | 18.91 | $ | 23.37 | $ | 24.24 | ||||||||||
|
|
|||||||||||||||||||
Total returne |
24.56% | 52.27% | (13.90)% | (0.63)% | 1.42% | |||||||||||||||
Ratios to average net assetsf |
| |||||||||||||||||||
Expenses before waiver and payments by affiliates |
0.19% | 0.19% | 0.19% | 0.19% | 0.19% | |||||||||||||||
Expenses net of waiver and payments by affiliates |
0.19% | 0.19% | 0.19% | —% | —% | |||||||||||||||
Net investment income (loss) |
8.30% | 6.02% | 6.49% | 4.57% | (0.13)% | |||||||||||||||
Supplemental data |
| |||||||||||||||||||
Net assets, end of period (000’s) |
$20,024 | $10,794 | $13,240 | $11,683 | $2,424 | |||||||||||||||
Portfolio turnover rateg |
13.69% | h | 18.82% | h | 15.74% | h | 31.57% | 7.58% |
aFor the period February 6, 2018 (commencement of operations) to March 31, 2018.
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.
dAmount rounds to less than $0.01 per share.
eTotal 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.
fRatios are annualized for periods less than one year.
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: | 13.69% | 18.82% | 15.74% |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
265 |
FRANKLIN TEMPLETON ETF TRUST
Statement of Investments, September 30, 2021 (unaudited)
Industry | Shares | Value | ||||||||||||
Common Stocks 95.6% | ||||||||||||||
Russia 95.6% | ||||||||||||||
a |
Aeroflot – Russian Airlines PJSC |
Airlines | 131,184 | $ | 125,876 | |||||||||
Alrosa PJSC |
Metals & Mining | 242,052 | 442,368 | |||||||||||
a |
Credit Bank of Moscow PJSC |
Banks | 1,601,904 | 157,670 | ||||||||||
Federal Grid Co. Unified Energy System PJSC |
Electric Utilities | 34,418,952 | 87,503 | |||||||||||
Federal Hydrogenerating Co. |
Electric Utilities | 15,169,656 | 168,901 | |||||||||||
Gazprom PJSC |
Oil, Gas & Consumable Fuels | 770,832 | 3,828,901 | |||||||||||
Inter RAO UES PJSC |
Electric Utilities | 4,698,684 | 299,990 | |||||||||||
LUKOIL PJSC |
Oil, Gas & Consumable Fuels | 28,248 | 2,690,323 | |||||||||||
M.Video PJSC |
Specialty Retail | 6,000 | 48,406 | |||||||||||
Magnit PJSC |
Food & Staples Retailing | 6,828 | 570,790 | |||||||||||
Magnitogorsk Iron & Steel Works |
Metals & Mining | 280,020 | 263,727 | |||||||||||
MMC Norilsk Nickel PJSC |
Metals & Mining | 2,050 | 614,000 | |||||||||||
Mobile TeleSystems PJSC |
Wireless Telecommunication Services | 105,468 | 477,602 | |||||||||||
Moscow Exchange MICEX |
Capital Markets | 186,504 | 445,677 | |||||||||||
Mosenergo PAO |
Electric Utilities | 1,063,788 | 34,909 | |||||||||||
NLMK PJSC |
Metals & Mining | 149,316 | 445,086 | |||||||||||
NovaTek PJSC |
Oil, Gas & Consumable Fuels | 33,168 | 876,308 | |||||||||||
PhosAgro PJSC |
Chemicals | 4,680 | 329,146 | |||||||||||
Polyus Gold OJSC |
Metals & Mining | 2,748 | 451,550 | |||||||||||
Raspadskaya OJSC |
Metals & Mining | 8,292 | 46,299 | |||||||||||
Rosneft PJSC |
Oil, Gas & Consumable Fuels | 74,628 | 631,598 | |||||||||||
Rosseti PJSC |
Electric Utilities | 3,898,548 | 68,555 | |||||||||||
Rostelecom PJSC |
Diversified Telecommunication Services | 127,164 | 157,835 | |||||||||||
Sberbank of Russia PJSC |
Banks | 751,812 | 3,520,197 | |||||||||||
Severstal PAO |
Metals & Mining | 21,624 | 451,524 | |||||||||||
Sistema PJSFC |
Wireless Telecommunication Services | 381,780 | 141,188 | |||||||||||
Sovcomflot OAO |
Oil, Gas & Consumable Fuels | 54,528 | 63,140 | |||||||||||
Surgutneftegas PJSC |
Oil, Gas & Consumable Fuels | 524,172 | 264,949 | |||||||||||
Tatneft PAO |
Oil, Gas & Consumable Fuels | 81,852 | 594,112 | |||||||||||
Unipro PJSC |
Independent Power and Renewable Electricity Producers | 1,369,224 | 51,432 | |||||||||||
a |
United Co RUSAL International PJSC |
Metals & Mining | 337,548 | 325,281 | ||||||||||
a |
VTB Bank PJSC |
Banks | 659,627,976 | 469,493 | ||||||||||
|
|
|||||||||||||
Total
Common Stocks |
19,144,336 | |||||||||||||
|
|
|||||||||||||
Preferred Stocks 4.3% | ||||||||||||||
Russia 4.3% | ||||||||||||||
b |
Bashneft PJSC, 0.009%, pfd. |
Oil, Gas & Consumable Fuels | 2,544 | 37,888 | ||||||||||
b |
Surgutneftegas PJSC, 16.675%, pfd. |
Oil, Gas & Consumable Fuels | 564,768 | 312,704 | ||||||||||
b |
Tatneft PJSC, 7.624%, pfd. |
Oil, Gas & Consumable Fuels | 8,064 | 53,623 | ||||||||||
b |
Transneft PJSC, 5.765%, pfd. |
Oil, Gas & Consumable Fuels | 208 | 457,237 | ||||||||||
|
|
|||||||||||||
Total
Preferred Stocks |
861,452 | |||||||||||||
|
|
|||||||||||||
Total
Investments |
20,005,788 | |||||||||||||
Other
Assets, less |
18,299 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 20,024,087 | ||||||||||||
|
|
aNon-income producing.
bVariable rate security. The rate shown represents the yield at period end.
266 |
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 September 30, 2021 (unaudited) |
Year Ended March 31, | |||||||||||||||
2021 | 2020 | 2019a | ||||||||||||||
Per share operating
performance (for a share outstanding throughout the period) |
| |||||||||||||||
Net asset value, beginning of period |
$ | 30.33 | $ | 20.15 | $ | 27.89 | $ | 24.71 | ||||||||
|
|
|||||||||||||||
Income from investment operationsb: | ||||||||||||||||
Net investment incomec |
0.53 | 0.52 | 0.89 | 0.11 | ||||||||||||
Net realized and unrealized gains (losses) |
5.10 | 10.23 | (7.80 | ) | 3.07 | |||||||||||
|
|
|||||||||||||||
Total from investment operations |
5.63 | 10.75 | (6.91 | ) | 3.18 | |||||||||||
|
|
|||||||||||||||
Less distributions from net investment income |
(0.36 | ) | (0.57 | ) | (0.83 | ) | — | |||||||||
|
|
|||||||||||||||
Net asset value, end of period |
$ | 35.60 | $ | 30.33 | $ | 20.15 | $ | 27.89 | ||||||||
|
|
|||||||||||||||
Total returnd |
18.65% | 54.12% | (25.51)% | 12.87% | ||||||||||||
Ratios to average net assetse |
| |||||||||||||||
Total expenses |
0.39% | 0.39% | 0.39% | 0.39% | ||||||||||||
Net investment income |
3.24% | 2.11% | 3.46% | 0.93% | ||||||||||||
Supplemental data |
| |||||||||||||||
Net assets, end of period (000’s) |
$3,560 | $3,033 | $2,015 | $2,789 | ||||||||||||
Portfolio turnover ratef |
7.66% | 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: | 7.66% | 16.74% | 32.37% |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
267 |
FRANKLIN TEMPLETON ETF TRUST
Statement of Investments, September 30, 2021 (unaudited)
Franklin FTSE Saudi Arabia ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 99.8% | ||||||||||||||
Saudi Arabia 99.8% | ||||||||||||||
Abdullah Al Othaim Markets Co. |
Food & Staples Retailing | 616 | $ | 18,493 | ||||||||||
Advanced Petrochemical Co. |
Chemicals | 1,482 | 29,634 | |||||||||||
Al-Rajhi Bank |
Banks | 14,416 | 471,219 | |||||||||||
Alinma Bank |
Banks | 13,696 | 87,638 | |||||||||||
Almarai Co. JSC |
Food Products | 3,520 | 54,432 | |||||||||||
Arab National Bank |
Banks | 7,706 | 47,172 | |||||||||||
Arabian Centres Co. Ltd. |
Real Estate Management & Development | 2,246 | 14,839 | |||||||||||
Bank Al-Jazira |
Banks | 5,616 | 27,581 | |||||||||||
a |
Bank AlBilad |
Banks | 5,136 | 56,006 | ||||||||||
Banque Saudi Fransi |
Banks | 8,214 | 91,323 | |||||||||||
BinDawood Holding Co. |
Food & Staples Retailing | 410 | 11,762 | |||||||||||
Bupa Arabia for Cooperative Insurance Co. |
Insurance | 802 | 31,903 | |||||||||||
Dallah Healthcare Co. |
Health Care Providers & Services | 502 | 9,476 | |||||||||||
a |
Dar Al Arkan Real Estate Development Co. |
Real Estate Management & Development | 7,396 | 20,311 | ||||||||||
Dr Sulaiman Al Habib Medical Services Group Co. |
Health Care Providers & Services | 1,284 | 59,566 | |||||||||||
a |
Emaar Economic City |
Real Estate Management & Development | 5,822 | 20,645 | ||||||||||
Etihad Etisalat Co. |
Wireless Telecommunication Services | 5,274 | 43,871 | |||||||||||
a |
Fawaz Abdulaziz Al Hokair & Co. |
Specialty Retail | 906 | 5,024 | ||||||||||
Jarir Marketing Co. |
Specialty Retail | 822 | 45,936 | |||||||||||
a |
Mobile Telecommunications Co. |
Wireless Telecommunication Services | 6,156 | 22,978 | ||||||||||
Mouwasat Medical Services Co. |
Health Care Providers & Services | 584 | 28,182 | |||||||||||
National Commercial Bank |
Banks | 26,000 | 425,627 | |||||||||||
a |
National Industrialization Co. |
Chemicals | 4,582 | 28,709 | ||||||||||
National Petrochemical Co. |
Chemicals | 1,678 | 22,369 | |||||||||||
a |
Rabigh Refining and Petrochemical Co. |
Oil, Gas & Consumable Fuels | 3,062 | 22,859 | ||||||||||
Riyad Bank |
Banks | 21,994 | 158,327 | |||||||||||
Sahara International Petrochemical Co. |
Chemicals | 5,022 | 58,646 | |||||||||||
a |
Saudi Airlines Catering Co. |
Commercial Services & Supplies | 562 | 13,411 | ||||||||||
Saudi Arabian Fertilizer Co. |
Chemicals | 2,594 | 119,648 | |||||||||||
a |
Saudi Arabian Mining Co. |
Metals & Mining | 7,080 | 158,185 | ||||||||||
b,c |
Saudi Aramco, 144A, Reg S |
Oil, Gas & Consumable Fuels | 31,080 | 298,312 | ||||||||||
Saudi Basic Industries Corp. |
Chemicals | 8,246 | 280,092 | |||||||||||
Saudi British Bank |
Banks | 15,010 | 132,664 | |||||||||||
Saudi Cement Co. |
Construction Materials | 1,048 | 17,547 | |||||||||||
Saudi Electricity Co. |
Electric Utilities | 10,936 | 78,433 | |||||||||||
a |
Saudi Ground Services Co. |
Transportation Infrastructure | 1,248 | 12,162 | ||||||||||
Saudi Industrial Investment Group |
Chemicals | 3,082 | 33,526 | |||||||||||
a |
Saudi Kayan Petrochemical Co. |
Chemicals | 10,272 | 56,198 | ||||||||||
Saudi Pharmaceutical Industries & Medical Appliances Corp. |
Pharmaceuticals | 820 | 10,177 | |||||||||||
a |
Saudi Research and Marketing Group |
Media | 450 | 19,436 | ||||||||||
Saudi Telecom Co. |
Diversified Telecommunication Services | 6,010 | 203,501 | |||||||||||
Saudia Dairy & Foodstuff Co. |
Food Products | 216 | 9,502 | |||||||||||
Savola Al-Azizia United Co. |
Food Products | 3,658 | 36,573 | |||||||||||
a |
Seera Group Holding |
Hotels, Restaurants & Leisure | 2,056 | 11,983 | ||||||||||
Southern Province Cement Co. |
Construction Materials | 960 | 19,120 | |||||||||||
The Company for Cooperative Insurance |
Insurance | 856 | 19,741 | |||||||||||
The Qassim Cement |
Construction Materials | 616 | 13,632 | |||||||||||
United Electronics Co. |
Specialty Retail | 412 | 15,664 | |||||||||||
a |
Yamama Cement Co. |
Construction Materials | 1,388 | 11,176 | ||||||||||
Yanbu Cement |
Construction Materials | 1,080 | 11,849 | |||||||||||
Yanbu National Petrochemical Co. |
Chemicals | 2,982 | 56,608 | |||||||||||
|
|
|||||||||||||
Total Investments (Cost $2,476,821) 99.8% |
3,553,668 | |||||||||||||
Other Assets, less Liabilities 0.2% |
6,212 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 3,559,880 | ||||||||||||
|
|
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, 2021, the value of this security was $298,312, representing 8.4% of net assets.
cSecurity was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. At September 30, 2021, the value of this security was $298,312, representing 8.4% of net assets.
268 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE South Africa ETF
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, | |||||||||||||||
2021 | 2020 | 2019a | ||||||||||||||
Per share operating
performance (for a share outstanding throughout the period) |
| |||||||||||||||
Net asset value, beginning of period |
$ | 26.22 | $ | 14.81 | $ | 26.62 | $ | 24.42 | ||||||||
|
|
|||||||||||||||
Income from investment operationsb: |
| |||||||||||||||
Net investment incomec |
0.54 | 1.03 | 2.65 | 0.22 | ||||||||||||
Net realized and unrealized gains (losses) |
(1.08 | ) | 11.33 | (11.76 | ) | 2.04 | ||||||||||
|
|
|||||||||||||||
Total from investment operations |
(0.54 | ) | 12.36 | (9.11 | ) | 2.26 | ||||||||||
|
|
|||||||||||||||
Less distributions from net investment income |
(0.33 | ) | (0.95 | ) | (2.70 | ) | (0.06 | ) | ||||||||
|
|
|||||||||||||||
Net asset value, end of period |
$ | 25.35 | $ | 26.22 | $ | 14.81 | $ | 26.62 | ||||||||
|
|
|||||||||||||||
Total returnd |
(2.19)% | 85.24% | (38.46)% | 9.26% | ||||||||||||
Ratios to average net assetse |
| |||||||||||||||
Total expenses |
0.19% | 0.19% | 0.19% | 0.19% | ||||||||||||
Net investment income |
4.08% | 4.94% | 10.42% | 1.75% | ||||||||||||
Supplemental data |
| |||||||||||||||
Net assets, end of period (000’s) |
$3,803 | $2,622 | $1,481 | $2,662 | ||||||||||||
Portfolio turnover ratef |
14.24% | 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: | 14.24% | 11.08% | 21.44% |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
269 |
FRANKLIN TEMPLETON ETF TRUST
Statement of Investments, September 30, 2021 (unaudited)
Franklin FTSE South Africa ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 99.9% | ||||||||||||||
Luxembourg 0.9% | ||||||||||||||
Reinet Investments SCA |
Capital Markets | 1,869 | $ | 35,171 | ||||||||||
|
|
|||||||||||||
Romania 1.1% | ||||||||||||||
NEPI Rockcastle PLC |
Real Estate Management & Development | 5,898 | 40,982 | |||||||||||
|
|
|||||||||||||
South Africa 97.9% | ||||||||||||||
Absa Group Ltd. |
Banks | 9,687 | 98,299 | |||||||||||
African Rainbow Minerals Ltd. |
Metals & Mining | 1,470 | 18,526 | |||||||||||
Anglo American Platinum Ltd. |
Metals & Mining | 813 | 70,488 | |||||||||||
AngloGold Ashanti Ltd. |
Metals & Mining | 5,751 | 90,869 | |||||||||||
Aspen Pharmacare Holdings Ltd. |
Pharmaceuticals | 5,250 | 94,542 | |||||||||||
AVI Ltd. |
Food Products | 4,539 | 25,810 | |||||||||||
Barloworld Ltd. |
Trading Companies & Distributors | 2,676 | 21,874 | |||||||||||
a |
Bid Corp. Ltd. |
Food & Staples Retailing | 4,590 | 98,423 | ||||||||||
Bidvest Group Ltd. |
Industrial Conglomerates | 4,668 | 60,813 | |||||||||||
Capitec Bank Holdings Ltd. |
Banks | 1,143 | 138,201 | |||||||||||
Clicks Group Ltd. |
Food & Staples Retailing | 3,387 | 62,517 | |||||||||||
Coronation Fund Managers Ltd. |
Capital Markets | 3,528 | 11,748 | |||||||||||
b |
Dis-Chem Pharmacies Ltd., Reg S |
Food & Staples Retailing | 4,215 | 8,321 | ||||||||||
a |
Discovery Ltd. |
Insurance | 5,631 | 51,231 | ||||||||||
a |
Distell Group Holdings Ltd. |
Beverages | 1,092 | 13,765 | ||||||||||
Exxaro Resources Ltd. |
Oil, Gas & Consumable Fuels | 3,390 | 36,284 | |||||||||||
FirstRand Ltd. |
Diversified Financial Services | 67,626 | 289,967 | |||||||||||
a |
Fortress REIT Ltd. |
Equity Real Estate Investment Trusts (REITs | ) | 11,889 | 2,015 | |||||||||
Fortress REIT Ltd., A |
Equity Real Estate Investment Trusts (REITs | ) | 16,347 | 14,907 | ||||||||||
Gold Fields Ltd. |
Metals & Mining | 12,000 | 98,329 | |||||||||||
Growthpoint Properties Ltd. |
Equity Real Estate Investment Trusts (REITs | ) | 46,350 | 44,055 | ||||||||||
Harmony Gold Mining Co. Ltd. |
Metals & Mining | 7,320 | 22,824 | |||||||||||
Impala Platinum Holdings Ltd. |
Metals & Mining | 11,205 | 127,854 | |||||||||||
Investec Ltd. |
Capital Markets | 3,930 | 17,097 | |||||||||||
Kumba Iron Ore Ltd. |
Metals & Mining | 744 | 24,526 | |||||||||||
a |
Liberty Holdings Ltd. |
Insurance | 1,575 | 9,841 | ||||||||||
a |
Life Healthcare Group Holdings Ltd. |
Health Care Providers & Services | 19,017 | 28,807 | ||||||||||
Momentum Metropolitan Holdings |
Insurance | 13,983 | 19,415 | |||||||||||
Mr. Price Group Ltd. |
Specialty Retail | 3,528 | 47,185 | |||||||||||
a |
MTN Group Ltd. |
Wireless Telecommunication Services | 24,795 | 232,969 | ||||||||||
MultiChoice Group Ltd. |
Media | 5,955 | 45,190 | |||||||||||
Naspers Ltd., N |
Internet & Direct Marketing Retail | 2,913 | 482,615 | |||||||||||
Nedbank Group Ltd. |
Banks | 4,920 | 57,248 | |||||||||||
a |
Netcare Ltd. |
Health Care Providers & Services | 19,842 | 21,365 | ||||||||||
a |
Northam Platinum Ltd. |
Metals & Mining | 4,743 | 56,531 | ||||||||||
Old Mutual Ltd. |
Insurance | 62,868 | 69,241 | |||||||||||
a,b,c |
Pepkor Holdings Ltd., 144A, Reg S |
Specialty Retail | 21,690 | 31,097 | ||||||||||
Pick ‘N Pay Stores Ltd. |
Food & Staples Retailing | 4,764 | 18,049 | |||||||||||
PSG Group Ltd. |
Industrial Conglomerates | 2,145 | 10,548 | |||||||||||
Rand Merchant Investment Holdings Ltd. |
Insurance | 10,332 | 25,821 | |||||||||||
a |
Redefine Properties Ltd. |
Equity Real Estate Investment Trusts (REITs | ) | 74,775 | 22,713 | |||||||||
Remgro Ltd. |
Diversified Financial Services | 7,005 | 63,252 | |||||||||||
Resilient REIT Ltd. |
Equity Real Estate Investment Trusts (REITs | ) | 4,464 | 16,850 | ||||||||||
Royal Bafokeng Platinum Ltd. |
Metals & Mining | 2,370 | 11,693 | |||||||||||
Sanlam Ltd. |
Insurance | 24,159 | 102,642 | |||||||||||
Santam Ltd. |
Insurance | 564 | 9,147 | |||||||||||
a |
Sappi Ltd. |
Paper & Forest Products | 7,800 | 20,738 | ||||||||||
a |
Sasol Ltd. |
Chemicals | 7,671 | 145,532 | ||||||||||
Shoprite Holdings Ltd. |
Food & Staples Retailing | 6,738 | 80,054 | |||||||||||
Sibanye Stillwater Ltd. |
Metals & Mining | 39,825 | 123,141 | |||||||||||
Standard Bank Group Ltd. |
Banks | 17,652 | 167,990 | |||||||||||
a |
Telkom SA SOC Ltd. |
Diversified Telecommunication Services | 4,014 | 11,774 | ||||||||||
a |
The Foschini Group Ltd. |
Specialty Retail | 4,422 | 40,135 | ||||||||||
The Spar Group Ltd. |
Food & Staples Retailing | 2,652 | 34,623 |
270 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE South Africa ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
South Africa (continued) | ||||||||||||||
Tiger Brands Ltd. |
Food Products | 2,283 | $ | 28,417 | ||||||||||
Truworths International Ltd. |
Specialty Retail | 5,625 | 20,825 | |||||||||||
Vodacom Group Ltd. |
Wireless Telecommunication Services | 8,211 | 78,612 | |||||||||||
Woolworths Holdings Ltd. |
Multiline Retail | 12,000 | 47,107 | |||||||||||
|
|
|||||||||||||
3,724,452 | ||||||||||||||
|
|
|||||||||||||
Total Investments (Cost $3,453,981) 99.9% |
3,800,605 | |||||||||||||
Other Assets, less Liabilities 0.1% |
2,134 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 3,802,739 | ||||||||||||
|
|
See Abbreviations on page 339
aNon-income producing.
bSecurity was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. At September 30, 2021, the aggregate value of these securities was $39,418, representing 1.0% of net assets.
cSecurity 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, 2021, the value of this security was $31,097, representing 0.8% of net assets.
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
271 |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE South Korea ETF
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, | |||||||||||||||||||
2021 | 2020 | 2019 | 2018a | |||||||||||||||||
Per share operating
performance (for a share outstanding throughout the period) |
| |||||||||||||||||||
Net asset value, beginning of period |
$ | 31.48 | $ | 16.52 | $ | 21.19 | $ | 25.98 | $ | 25.75 | ||||||||||
|
|
|||||||||||||||||||
Income from investment operationsb: | ||||||||||||||||||||
Net investment incomec |
0.08 | 0.54 | 0.36 | 0.40 | 0.10 | |||||||||||||||
Net realized and unrealized gains (losses) |
(2.40 | ) | 14.72 | (4.58 | ) | (4.81 | ) | 0.40 | ||||||||||||
|
|
|||||||||||||||||||
Total from investment operations |
(2.32 | ) | 15.26 | (4.22 | ) | (4.41 | ) | 0.50 | ||||||||||||
|
|
|||||||||||||||||||
Less distributions from net investment income |
(0.18 | ) | (0.30 | ) | (0.45 | ) | (0.38 | ) | (0.27 | ) | ||||||||||
|
|
|||||||||||||||||||
Net asset value, end of period |
$ | 28.98 | $ | 31.48 | $ | 16.52 | $ | 21.19 | $ | 25.98 | ||||||||||
|
|
|||||||||||||||||||
Total returnd |
(7.42)% | 92.55% | (20.24)% | (16.92)% | 1.95% | |||||||||||||||
Ratios to average net assetse |
| |||||||||||||||||||
Expenses before waiver and payments by affiliates |
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% | —% | |||||||||||||||
Net investment income |
0.47% | 2.07% | 1.78% | 1.74% | 0.94% | |||||||||||||||
Supplemental data |
| |||||||||||||||||||
Net assets, end of period (000’s) |
$63,755 | $62,966 | $11,562 | $16,948 | $25,981 | |||||||||||||||
Portfolio turnover ratef |
8.11% | g | 8.65% | g | 21.72% | g | 5.21% | 3.85% |
aFor the period November 2, 2017 (commencement of operations) to March 31, 2018.
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: | 4.03% | 8.65% | 8.02% |
272 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Statement of Investments, September 30, 2021 (unaudited)
Industry | Shares | Value | ||||||||||||
Common Stocks 95.8% | ||||||||||||||
South Korea 95.8% | ||||||||||||||
a |
Alteogen Inc. |
Biotechnology | 2,090 | $ | 128,154 | |||||||||
Amorepacific Corp. |
Personal Products | 2,376 | 358,206 | |||||||||||
AmorePacific Group |
Personal Products | 2,200 | 91,140 | |||||||||||
BGF Retail Co. Ltd. |
Food & Staples Retailing | 462 | 66,530 | |||||||||||
BNK Financial Group Inc. |
Banks | 21,890 | 163,435 | |||||||||||
a |
Celltrion Healthcare Co. Ltd. |
Health Care Providers & Services | 5,478 | 506,160 | ||||||||||
a |
Celltrion Inc. |
Biotechnology | 7,986 | 1,750,310 | ||||||||||
a |
Celltrion Pharm Inc. |
Pharmaceuticals | 1,408 | 173,978 | ||||||||||
Cheil Worldwide Inc. |
Media | 5,302 | 102,099 | |||||||||||
CJ CheilJedang Corp. |
Food Products | 594 | 205,442 | |||||||||||
CJ Corp. |
Industrial Conglomerates | 968 | 80,776 | |||||||||||
CJ ENM Co. Ltd. |
Internet & Direct Marketing Retail | 770 | 98,461 | |||||||||||
a |
CJ Logistics Corp. |
Road & Rail | 616 | 79,601 | ||||||||||
Coway Co. Ltd. |
Household Durables | 4,268 | 267,471 | |||||||||||
Daelim Industrial Co. Ltd. |
Construction & Engineering | 924 | 59,233 | |||||||||||
a |
Daewoo Engineering & Construction Co. Ltd. |
Construction & Engineering | 13,376 | 76,257 | ||||||||||
a |
Daewoo Shipbuilding & Marine Engineering Co. Ltd. |
Machinery | 3,652 | 82,972 | ||||||||||
DB Insurance Co. Ltd. |
Insurance | 3,366 | 180,809 | |||||||||||
DGB Financial Group Inc. |
Banks | 11,594 | 97,237 | |||||||||||
a |
DL E&C Co. Ltd. |
Construction & Engineering | 1,144 | 129,473 | ||||||||||
Dongsuh Cos. Inc. |
Food & Staples Retailing | 2,332 | 57,512 | |||||||||||
a |
Doosan Bobcat Inc. |
Machinery | 1,804 | 61,022 | ||||||||||
a |
Doosan Heavy Industries and Construction Co. Ltd. |
Electrical Equipment | 22,374 | 388,333 | ||||||||||
a |
Doosan Infracore Co. Ltd. |
Machinery | 3,784 | 30,553 | ||||||||||
Doosan Solus Co. Ltd. |
Electronic Equipment, Instruments & Components | 858 | 51,813 | |||||||||||
E-MART Inc. |
Food & Staples Retailing | 1,518 | 210,905 | |||||||||||
Ecopro BM Co. Ltd. |
Electrical Equipment | 638 | 251,644 | |||||||||||
Fila Holdings Corp. |
Textiles, Apparel & Luxury Goods | 3,872 | 139,477 | |||||||||||
Green Cross Corp. |
Biotechnology | 418 | 117,033 | |||||||||||
GS Engineering & Construction Corp. |
Construction & Engineering | 4,730 | 170,783 | |||||||||||
GS Holdings Corp. |
Oil, Gas & Consumable Fuels | 3,828 | 144,682 | |||||||||||
GS Retail Co. Ltd. |
Food & Staples Retailing | 2,948 | 81,294 | |||||||||||
Hana Financial Group Inc. |
Banks | 21,736 | 851,816 | |||||||||||
a |
Hanjin Kal Corp. |
Airlines | 1,584 | 81,876 | ||||||||||
Hankook Tire & Technology Co. Ltd. |
Auto Components | 5,544 | 202,515 | |||||||||||
Hanmi Pharm Co. Ltd. |
Pharmaceuticals | 550 | 127,745 | |||||||||||
Hanmi Science Co. Ltd. |
Pharmaceuticals | 1,056 | 55,386 | |||||||||||
Hanon Systems |
Auto Components | 12,144 | 160,518 | |||||||||||
Hanssem Co. Ltd. |
Household Durables | 726 | 73,581 | |||||||||||
Hanwha Aerospace Co. Ltd. |
Aerospace & Defense | 2,640 | 111,932 | |||||||||||
Hanwha Corp. |
Industrial Conglomerates | 3,190 | 92,278 | |||||||||||
Hanwha Corp. |
Industrial Conglomerates | 1,606 | 22,110 | |||||||||||
Hanwha Life Insurance Co. Ltd. |
Insurance | 20,504 | 62,516 | |||||||||||
a |
Hanwha Solutions Corp. |
Chemicals | 7,238 | 273,870 | ||||||||||
HDC Hyundai Development Co-Engineering & Construction |
Construction & Engineering | 3,476 | 80,735 | |||||||||||
a |
Helixmith Co. Ltd. |
Biotechnology | 2,156 | 43,976 | ||||||||||
Hite Jinro Co. Ltd. |
Beverages | 2,288 | 64,060 | |||||||||||
a |
HLB Inc. |
Leisure Products | 6,666 | 318,099 | ||||||||||
a |
HMM Co. Ltd. |
Marine | 26,378 | 750,793 | ||||||||||
Hotel Shilla Co. Ltd. |
Specialty Retail | 2,332 | 170,567 | |||||||||||
a |
HYBE Co. Ltd. |
Entertainment | 1,298 | 327,241 | ||||||||||
Hyundai Department Store Co. Ltd. |
Multiline Retail | 1,100 | 74,231 | |||||||||||
Hyundai Engineering & Construction Co. Ltd. |
Construction & Engineering | 5,500 | 238,767 | |||||||||||
Hyundai Glovis Co. Ltd. |
Air Freight & Logistics | 1,386 | 194,906 |
franklintempleton.com |
Semiannual Report |
273 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE South Korea ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
South Korea (continued) | ||||||||||||||
Hyundai Heavy Industries Holdings Co. Ltd. |
Machinery | 3,806 | $ | 207,980 | ||||||||||
Hyundai Marine & Fire Insurance Co. Ltd. |
Insurance | 4,488 | 96,469 | |||||||||||
a |
Hyundai Mipo Dockyard Co. Ltd. |
Machinery | 1,518 | 89,618 | ||||||||||
Hyundai Mobis Co. Ltd. |
Auto Components | 4,818 | 1,029,522 | |||||||||||
Hyundai Motor Co. |
Automobiles | 10,494 | 1,772,635 | |||||||||||
Hyundai Steel Co. |
Metals & Mining | 5,676 | 226,992 | |||||||||||
Hyundai Wia Corp. |
Auto Components | 1,188 | 79,066 | |||||||||||
Industrial Bank of Korea |
Banks | 19,030 | 168,763 | |||||||||||
Kakao Corp. |
Interactive Media & Services | 20,592 | 2,052,243 | |||||||||||
a |
Kangwon Land Inc. |
Hotels, Restaurants & Leisure | 8,030 | 194,307 | ||||||||||
KB Financial Group Inc. |
Banks | 29,304 | 1,368,675 | |||||||||||
KCC Corp. |
Chemicals | 330 | 115,946 | |||||||||||
KEPCO Plant Service and Engineering Co. Ltd. |
Commercial Services & Supplies | 1,606 | 52,086 | |||||||||||
Kia Motors Corp. |
Automobiles | 19,426 | 1,332,256 | |||||||||||
Korea Aerospace Industries Ltd. |
Aerospace & Defense | 4,884 | 136,125 | |||||||||||
Korea Electric Power Corp. |
Electric Utilities | 19,250 | 382,886 | |||||||||||
a |
Korea Gas Corp. |
Gas Utilities | 1,936 | 79,549 | ||||||||||
Korea Investment Holdings Co. Ltd. |
Capital Markets | 2,882 | 210,065 | |||||||||||
a |
Korea Shipbuilding & Offshore Engineering Co Ltd. |
Machinery | 3,256 | 280,500 | ||||||||||
Korea Zinc Co. Ltd. |
Metals & Mining | 748 | 317,774 | |||||||||||
a |
Korean Air Lines Co. Ltd. |
Airlines | 13,200 | 375,709 | ||||||||||
KT&G Corp. |
Tobacco | 8,206 | 562,776 | |||||||||||
Kumho Petrochemical Co. Ltd. |
Chemicals | 1,320 | 210,709 | |||||||||||
LG Chem Ltd. |
Chemicals | 3,520 | 2,307,027 | |||||||||||
LG Corp. |
Industrial Conglomerates | 6,204 | 487,307 | |||||||||||
a |
LG Display Co. Ltd. |
Electronic Equipment, Instruments & Components | 16,852 | 269,717 | ||||||||||
LG Electronics Inc. |
Household Durables | 8,140 | 876,563 | |||||||||||
LG Household & Health Care Ltd. |
Personal Products | 660 | 745,287 | |||||||||||
LG Innotek Co. Ltd. |
Electronic Equipment, Instruments & Components | 1,056 | 185,959 | |||||||||||
LG Uplus Corp. |
Diversified Telecommunication Services | 16,214 | 205,414 | |||||||||||
Lotte Chemical Corp. |
Chemicals | 1,100 | 224,367 | |||||||||||
Lotte Chilsung Beverage Co. Ltd. |
Beverages | 264 | 32,889 | |||||||||||
Lotte Corp. |
Industrial Conglomerates | 2,002 | 56,983 | |||||||||||
LOTTE Fine Chemical Co. Ltd. |
Chemicals | 1,320 | 101,676 | |||||||||||
Lotte Shopping Co. Ltd. |
Multiline Retail | 836 | 72,373 | |||||||||||
LS Corp. |
Electrical Equipment | 1,298 | 70,381 | |||||||||||
a |
LX Holdings Corp. |
Industrial Conglomerates | 3,122 | 25,076 | ||||||||||
a |
Mando Corp. |
Auto Components | 2,464 | 118,830 | ||||||||||
a |
Medytox Inc. |
Biotechnology | 330 | 44,288 | ||||||||||
Mirae Asset Daewoo Co. Ltd. |
Capital Markets | 11,066 | 45,049 | |||||||||||
Mirae Asset Daewood Co. Ltd. |
Capital Markets | 25,564 | 186,980 | |||||||||||
Naver Corp. |
Interactive Media & Services | 10,186 | 3,337,980 | |||||||||||
NCSoft Corp. |
Entertainment | 1,276 | 649,855 | |||||||||||
Netmarble Corp. |
Entertainment | 1,276 | 127,169 | |||||||||||
NH Investment & Securities Co. Ltd. |
Capital Markets | 9,790 | 106,665 | |||||||||||
a |
NHN Corp. |
Entertainment | 704 | 41,741 | ||||||||||
Nongshim Co. Ltd. |
Food Products | 242 | 57,741 | |||||||||||
a |
OCI Co. Ltd. |
Chemicals | 1,364 | 185,476 | ||||||||||
Orion Corp. |
Food Products | 1,628 | 161,563 | |||||||||||
Ottogi Corp. |
Food Products | 88 | 36,568 | |||||||||||
Pan Ocean Co. Ltd. |
Marine | 14,190 | 90,485 | |||||||||||
a |
Paradise Co. Ltd. |
Hotels, Restaurants & Leisure | 3,344 | 49,849 | ||||||||||
a |
Pearl Abyss Corp. |
Entertainment | 2,332 | 158,355 | ||||||||||
POSCO |
Metals & Mining | 4,884 | 1,361,250 | |||||||||||
POSCO Chemical Co. Ltd. |
Construction Materials | 2,046 | 305,863 | |||||||||||
Posco International Corp. |
Trading Companies & Distributors | 3,674 | 74,163 |
274 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE South Korea ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
South Korea (continued) | ||||||||||||||
S-1 Corp. |
Commercial Services & Supplies | 1,452 | $ | 102,523 | ||||||||||
S-Oil Corp. |
Oil, Gas & Consumable Fuels | 3,102 | 288,193 | |||||||||||
a,b |
Samsung Biologics Co. Ltd., 144A |
Life Sciences Tools & Services | 1,012 | 747,034 | ||||||||||
Samsung C&T Corp. |
Industrial Conglomerates | 6,336 | 660,892 | |||||||||||
Samsung Card Co. Ltd. |
Consumer Finance | 2,244 | 64,060 | |||||||||||
Samsung Electro-Mechanics Co. Ltd. |
Electronic Equipment, Instruments & Components | 4,202 | 629,945 | |||||||||||
Samsung Electronics Co. Ltd. |
Technology Hardware, Storage & Peripherals | 175,648 | 10,992,835 | |||||||||||
a |
Samsung Engineering Co. Ltd. |
Construction & Engineering | 11,902 | 256,838 | ||||||||||
Samsung Fire & Marine Insurance Co. Ltd. |
Insurance | 2,486 | 493,421 | |||||||||||
a |
Samsung Heavy Industries Co. Ltd. |
Machinery | 32,181 | 168,515 | ||||||||||
Samsung Life Insurance Co. Ltd. |
Insurance | 4,796 | 297,320 | |||||||||||
Samsung SDI Co. Ltd. |
Electronic Equipment, Instruments & Components | 3,982 | 2,414,760 | |||||||||||
Samsung SDS Co. Ltd. |
IT Services | 2,398 | 325,067 | |||||||||||
Samsung Securities Co. Ltd. |
Capital Markets | 4,752 | 192,247 | |||||||||||
Seegene Inc. |
Biotechnology | 2,156 | 110,531 | |||||||||||
Shin Poong Pharmaceutical Co. Ltd. |
Pharmaceuticals | 2,508 | 121,164 | |||||||||||
Shinhan Financial Group Co. Ltd. |
Banks | 37,576 | 1,282,154 | |||||||||||
Shinsegae Co. Ltd. |
Multiline Retail | 528 | 117,507 | |||||||||||
a,c |
SillaJen Inc. |
Biotechnology | 1,616 | 8,257 | ||||||||||
a |
SK Biopharmaceuticals Co. Ltd. |
Pharmaceuticals | 1,848 | 159,203 | ||||||||||
a |
SK Bioscience Co. Ltd. |
Biotechnology | 1,496 | 341,780 | ||||||||||
SK Chemicals Co. Ltd. |
Chemicals | 682 | 163,588 | |||||||||||
SK Holdings Co. Ltd. |
Industrial Conglomerates | 2,354 | 532,831 | |||||||||||
SK Hynix Inc. |
Semiconductors & Semiconductor Equipment | 39,094 | 3,400,914 | |||||||||||
a |
SK Innovation Co. Ltd. |
Oil, Gas & Consumable Fuels | 4,092 | 915,862 | ||||||||||
SK Networks Co. Ltd. |
Trading Companies & Distributors | 10,010 | 43,625 | |||||||||||
a |
SK Telecom Co. Ltd. |
Wireless Telecommunication Services | 1,650 | 451,520 | ||||||||||
SKC Co. Ltd. |
Chemicals | 1,430 | 204,113 | |||||||||||
Ssangyong Cement Industrial Co. Ltd. |
Construction Materials | 7,678 | 51,619 | |||||||||||
Woori Financial Group Inc. |
Banks | 38,874 | 382,502 | |||||||||||
Yuhan Corp. |
Pharmaceuticals | 3,630 | 188,552 | |||||||||||
|
|
|||||||||||||
Total
Common Stocks |
61,035,225 | |||||||||||||
|
|
|||||||||||||
Preferred Stocks 4.1% | ||||||||||||||
South Korea 4.1% | ||||||||||||||
d |
Amorepacific Corp., 1.134%, pfd. |
Personal Products | 792 | 47,493 | ||||||||||
d |
CJ CheilJedang Corp., 2.040%, pfd. |
Food Products | 110 | 18,442 | ||||||||||
d |
Hyundai Motor Co., 4.197%, pfd. |
Automobiles | 1,672 | 136,274 | ||||||||||
d |
Hyundai Motor Co., 4.293%, pfd. |
Automobiles | 2,662 | 214,714 | ||||||||||
d |
LG Chem Ltd., 2.676%, pfd. |
Chemicals | 572 | 181,407 | ||||||||||
d |
LG Electronics Inc., 1.900%, pfd. |
Household Durables | 1,320 | 73,358 | ||||||||||
d |
LG Household & Health Care Ltd., 1.721%, pfd. |
Personal Products | 166 | 90,010 | ||||||||||
d |
Samsung Electronics Co. Ltd., 4.323%, pfd. |
Technology Hardware, Storage & Peripherals | 30,756 | 1,807,954 | ||||||||||
d |
Samsung Fire & Marine Insurance Co. Ltd., 5.017%, pfd. |
Insurance | 198 | 29,349 | ||||||||||
d |
Samsung SDI Co. Ltd., 0.268%, pfd. |
Electronic Equipment, Instruments & Components | 110 | 36,372 | ||||||||||
|
|
|||||||||||||
Total Preferred Stocks (Cost $2,450,155) |
2,635,373 | |||||||||||||
|
|
franklintempleton.com |
Semiannual Report |
275 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE South Korea ETF (continued)
Industry | Shares | Value | ||||||||||||
Rights 0.0%† | ||||||||||||||
South Korea 0.0%† | ||||||||||||||
a |
Hyundai Engineering & Construction Co. Ltd., rts., 22/10/21 |
Construction & Engineering | 100 | $ | 6,773 | |||||||||
a |
Samsung Heavy Industries Co. Ltd., rts., 29/10/21 |
Machinery | 11,687 | 10,562 | ||||||||||
Total Rights (Cost $0) |
17,335 | |||||||||||||
Total Investments (Cost $59,164,636) 99.9% |
63,687,933 | |||||||||||||
Other Assets, less Liabilities 0.1% |
67,184 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 63,755,117 | ||||||||||||
|
|
†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, 2021, the value of this security was $747,034, representing 1.2% of net assets.
cFair valued using significant unobservable inputs. See Note 9 regarding fair value measurements.
dVariable rate security. The rate shown represents the yield at period end.
276 |
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, 2021 (unaudited) |
Year Ended March 31, | |||||||||||||||||||
2021 | 2020 | 2019 | 2018a | |||||||||||||||||
Per share operating performance (for a share outstanding throughout the period) |
||||||||||||||||||||
Net asset value, beginning of period |
$ | 30.36 | $ | 24.44 | $ | 23.86 | $ | 23.11 | $ | 23.56 | ||||||||||
|
|
|||||||||||||||||||
Income from investment operationsb: |
| |||||||||||||||||||
Net investment incomec |
0.42 | 0.88 | 1.06 | 0.53 | 0.22 | |||||||||||||||
Net realized and unrealized gains (losses) |
2.13 | 5.74 | (0.16 | ) | 0.83 | (0.67 | ) | |||||||||||||
|
|
|||||||||||||||||||
Total from investment operations |
2.55 | 6.62 | 0.90 | 1.36 | (0.45 | ) | ||||||||||||||
|
|
|||||||||||||||||||
Less distributions from net investment income |
(0.66 | ) | (0.70 | ) | (0.32 | ) | (0.61 | ) | — | |||||||||||
|
|
|||||||||||||||||||
Net asset value, end of period |
$ | 32.25 | $ | 30.36 | $ | 24.44 | $ | 23.86 | $ | 23.11 | ||||||||||
|
|
|||||||||||||||||||
Total returnd |
8.31% | 27.54% | 3.70% | 6.13% | (1.91)% | |||||||||||||||
Ratios to average net assetse |
| |||||||||||||||||||
Total expenses |
0.09% | 0.09% | 0.09% | 0.09% | 0.09% | |||||||||||||||
Net investment income |
2.49% | 3.13% | 4.12% | 2.35% | 6.54% | |||||||||||||||
Supplemental data |
| |||||||||||||||||||
Net assets, end of period (000’s) |
$38,696 | $48,570 | $34,213 | $2,386 | $2,311 | |||||||||||||||
Portfolio turnover ratef |
3.97% | g | 12.59% | g | 16.25% | g | 14.06% | 2.72% |
aFor the period February 6, 2018 (commencement of operations) to March 31, 2018.
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: | 3.97% | 12.59% | 16.25% |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
277 |
FRANKLIN TEMPLETON ETF TRUST
Statement of Investments, September 30, 2021 (unaudited)
Industry | Shares | Value | ||||||||||||
Common Stocks 98.7% | ||||||||||||||
Austria 0.3% | ||||||||||||||
a |
ams AG |
Semiconductors & Semiconductor Equipment | 5,844 | $ | 106,844 | |||||||||
|
|
|||||||||||||
Switzerland 98.4% | ||||||||||||||
ABB Ltd. |
Electrical Equipment | 40,416 | 1,359,981 | |||||||||||
Adecco Group AG |
Professional Services | 3,660 | 184,481 | |||||||||||
Alcon Inc. |
Health Care Equipment & Supplies | 10,956 | 893,063 | |||||||||||
Baloise Holding AG |
Insurance | 1,068 | 162,916 | |||||||||||
Banque Cantonale Vaudoise |
Banks | 672 | 51,219 | |||||||||||
Barry Callebaut AG |
Food Products | 84 | 190,899 | |||||||||||
BKW AG |
Electric Utilities | 432 | 46,773 | |||||||||||
Chocoladefabriken Lindt & Spruengli AG |
Food Products | 51 | 569,674 | |||||||||||
Cie Financiere Richemont SA |
Textiles, Apparel & Luxury Goods | 12,168 | 1,270,737 | |||||||||||
Clariant AG |
Chemicals | 5,388 | 101,799 | |||||||||||
Credit Suisse Group AG |
Capital Markets | 57,180 | 569,685 | |||||||||||
DKSH Holding AG |
Professional Services | 852 | 66,901 | |||||||||||
EMS-Chemie Holding AG |
Chemicals | 169 | 160,150 | |||||||||||
a |
Flughafen Zurich AG |
Transportation Infrastructure | 444 | 79,485 | ||||||||||
Geberit AG |
Building Products | 811 | 599,002 | |||||||||||
Georg Fischer AG |
Machinery | 98 | 146,026 | |||||||||||
Givaudan AG |
Chemicals | 220 | 1,005,135 | |||||||||||
Helvetia Holding AG |
Insurance | 828 | 90,447 | |||||||||||
Julius Baer Group Ltd. |
Capital Markets | 5,088 | 339,909 | |||||||||||
Kuehne + Nagel International AG |
Marine | 1,188 | 406,761 | |||||||||||
LafargeHolcim Ltd., B |
Construction Materials | 13,080 | 632,933 | |||||||||||
Logitech International SA |
Technology Hardware, Storage & Peripherals | 3,528 | 314,886 | |||||||||||
Lonza Group AG |
Life Sciences Tools & Services | 1,768 | 1,329,719 | |||||||||||
a,b |
Medmix AG, 144A |
Health Care Equipment & Supplies | 396 | 18,678 | ||||||||||
Nestle SA |
Food Products | 64,344 | 7,773,564 | |||||||||||
Novartis AG |
Pharmaceuticals | 50,544 | 4,162,829 | |||||||||||
OC Oerlikon Corp. AG |
Machinery | 4,428 | 48,607 | |||||||||||
Partners Group Holding AG |
Capital Markets | 534 | 839,482 | |||||||||||
PSP Swiss Property AG |
Real Estate Management & Development | 1,020 | 123,119 | |||||||||||
Roche Holding AG |
Pharmaceuticals | 636 | 262,077 | |||||||||||
Roche Holding AG |
Pharmaceuticals | 16,542 | 6,063,715 | |||||||||||
Schindler Holding AG |
Machinery | 444 | 114,897 | |||||||||||
Schindler Holding AG, PC |
Machinery | 972 | 261,742 | |||||||||||
SGS SA |
Professional Services | 140 | 409,112 | |||||||||||
SIG Combibloc Group AG |
Containers & Packaging | 8,016 | 214,138 | |||||||||||
Sika AG |
Chemicals | 3,378 | 1,074,761 | |||||||||||
Sonova Holding AG |
Health Care Equipment & Supplies | 1,266 | 482,053 | |||||||||||
Straumann Holding AG |
Health Care Equipment & Supplies | 240 | 433,124 | |||||||||||
Sulzer AG |
Machinery | 396 | 37,866 | |||||||||||
Swatch Group AG |
Textiles, Apparel & Luxury Goods | 684 | 180,010 | |||||||||||
Swatch Group AG |
Textiles, Apparel & Luxury Goods | 1,056 | 54,563 | |||||||||||
Swiss Life Holding AG |
Insurance | 742 | 376,628 | |||||||||||
Swiss Prime Site AG |
Real Estate Management & Development | 1,788 | 175,187 | |||||||||||
Swiss Re AG |
Insurance | 6,888 | 591,740 | |||||||||||
Swisscom AG |
Diversified Telecommunication Services | 607 | 349,683 | |||||||||||
Tecan Group AG |
Life Sciences Tools & Services | 300 | 170,928 | |||||||||||
Temenos AG |
Software | 1,452 | 197,834 | |||||||||||
UBS Group AG |
Capital Markets | 77,580 | 1,247,467 | |||||||||||
VAT Group AG |
Machinery | 612 | 242,871 | |||||||||||
Vifor Pharma AG |
Pharmaceuticals | 1,224 | 159,421 |
278 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Switzerland ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Switzerland (continued) | ||||||||||||||
Zurich Insurance Group AG |
Insurance | 3,540 | $ | 1,455,694 | ||||||||||
|
|
|||||||||||||
38,094,371 | ||||||||||||||
|
|
|||||||||||||
Total Investments (Cost $36,102,602) 98.7% |
38,201,215 | |||||||||||||
Other Assets, less Liabilities 1.3% |
494,951 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 38,696,166 | ||||||||||||
|
|
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, 2021, the value of this security was $18,678, representing 0.0% of net assets.
At September 30, 2021, 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 | ||||||||||||||||||||
Swiss Mid Cap Future Index |
Long | 12 | $ | 422,190 | 12/17/21 | $ | (24,712 | ) |
*As of period end.
See Note 8 regarding other derivative information.
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
279 |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE Taiwan ETF
Six Months
Ended September 30,2021 (unaudited) |
Year Ended March 31, | |||||||||||||||||||
2021 | 2020 | 2019 | 2018a | |||||||||||||||||
Per share operating
performance (for a share outstanding throughout the period) |
| |||||||||||||||||||
Net asset value, beginning of period |
$ | 41.12 | $ | 23.18 | $ | 24.72 | $ | 26.34 | $ | 25.59 | ||||||||||
|
|
|||||||||||||||||||
Income from investment operationsb: |
| |||||||||||||||||||
Net investment income (loss)c |
0.96 | 0.74 | 0.89 | 0.47 | (0.02 | ) | ||||||||||||||
Net realized and unrealized gains (losses) |
1.88 | 17.99 | (1.56 | ) | (1.85 | ) | 0.77 | |||||||||||||
|
|
|||||||||||||||||||
Total from investment operations |
2.84 | 18.73 | (0.67 | ) | (1.38 | ) | 0.75 | |||||||||||||
|
|
|||||||||||||||||||
Less distributions from net investment income |
(0.05 | ) | (0.79 | ) | (0.87 | ) | (0.24 | ) | (— | )d | ||||||||||
|
|
|||||||||||||||||||
Net asset value, end of period |
$ | 43.91 | $ | 41.12 | $ | 23.18 | $ | 24.72 | $ | 26.34 | ||||||||||
|
|
|||||||||||||||||||
Total returne |
6.91% | 81.35% | (3.29)% | (5.15)% | 2.93% | |||||||||||||||
Ratios to average net assetsf |
| |||||||||||||||||||
Total expenses |
0.19% | 0.19% | 0.19% | 0.19% | 0.19% | |||||||||||||||
Net investment income (loss) |
4.36% | 2.24% | 3.39% | 1.96% | (0.19)% | |||||||||||||||
Supplemental data |
| |||||||||||||||||||
Net assets, end of period (000’s) |
$43,915 | $32,897 | $13,906 | $14,834 | $5,268 | |||||||||||||||
Portfolio turnover rateg |
2.87% | h | 10.63% | h | 12.57% | h | 8.71% | 3.63% |
aFor the period November 2, 2017 (commencement of operations) to March 31, 2018.
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.
dAmount rounds to less than $0.001 per share.
eTotal 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.
fRatios are annualized for periods less than one year.
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: | 2.87% | 10.63% | 12.57% |
280 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Statement of Investments, September 30, 2021 (unaudited)
Industry | Shares | Value | ||||||||||||
Common Stocks 99.8% | ||||||||||||||
China 1.6% | ||||||||||||||
Airtac International Group |
Machinery | 7,400 | $ | 232,408 | ||||||||||
Silergy Corp. |
Semiconductors & Semiconductor Equipment | 3,100 | 456,758 | |||||||||||
|
|
|||||||||||||
689,166 | ||||||||||||||
|
|
|||||||||||||
Taiwan 98.2% | ||||||||||||||
Accton Technology Corp. |
Communications Equipment | 27,250 | 257,237 | |||||||||||
Acer Inc. |
Technology Hardware, Storage & Peripherals | 144,000 | 127,923 | |||||||||||
Advantech Co. Ltd. |
Technology Hardware, Storage & Peripherals | 21,158 | 277,191 | |||||||||||
ASE Industrial Holding Co. Ltd. |
Semiconductors & Semiconductor Equipment | 173,000 | 676,836 | |||||||||||
Asia Cement Corp. |
Construction Materials | 118,000 | 193,134 | |||||||||||
ASMedia Technology Inc. |
Semiconductors & Semiconductor Equipment | 2,000 | 119,883 | |||||||||||
Asustek Computer Inc. |
Technology Hardware, Storage & Peripherals | 36,000 | 420,595 | |||||||||||
AU Optronics Corp. |
Electronic Equipment, Instruments & Components | 445,000 | 281,913 | |||||||||||
Capital Securities Corp. |
Capital Markets | 101,000 | 55,103 | |||||||||||
Catcher Technology Co. Ltd. |
Technology Hardware, Storage & Peripherals | 37,160 | 223,409 | |||||||||||
Cathay Financial Holding Co. Ltd. |
Insurance | 418,000 | 868,692 | |||||||||||
Chailease Holding Co. Ltd. |
Diversified Financial Services | 67,224 | 593,568 | |||||||||||
Chang Hwa Commercial Bank Ltd. |
Banks | 331,865 | 195,947 | |||||||||||
Cheng Shin Rubber Industry Co. Ltd. |
Auto Components | 93,000 | 118,501 | |||||||||||
Chicony Electronics Co. Ltd. |
Technology Hardware, Storage & Peripherals | 30,370 | 83,936 | |||||||||||
a |
China Airlines Ltd. |
Airlines | 130,000 | 80,257 | ||||||||||
China Development Financial Holding Corp. |
Insurance | 702,000 | 357,797 | |||||||||||
China Life Insurance Co. Ltd. |
Insurance | 104,000 | 108,254 | |||||||||||
China Motor Corp. |
Automobiles | 13,000 | 34,482 | |||||||||||
China Steel Corp. |
Metals & Mining | 623,000 | 811,719 | |||||||||||
Chunghwa Telecom Co. Ltd. |
Diversified Telecommunication Services | 192,000 | 761,508 | |||||||||||
Compal Electronics Inc. |
Technology Hardware, Storage & Peripherals | 208,000 | 176,192 | |||||||||||
CTBC Financial Holding Co. Ltd. |
Banks | 917,000 | 753,730 | |||||||||||
Delta Electronics Inc. |
Electronic Equipment, Instruments & Components | 109,000 | 985,912 | |||||||||||
E.Sun Financial Holding Co. Ltd. |
Banks | 640,792 | 604,900 | |||||||||||
Eclat Textile Co. Ltd. |
Textiles, Apparel & Luxury Goods | 10,000 | 217,871 | |||||||||||
a |
ENNOSTAR Inc. |
Semiconductors & Semiconductor Equipment | 32,000 | 81,549 | ||||||||||
Eternal Materials Co. Ltd. |
Chemicals | 51,000 | 68,920 | |||||||||||
a |
EVA Airways Corp. |
Airlines | 120,000 | 81,406 | ||||||||||
a |
Evergreen Marine Corp. Taiwan Ltd. |
Marine | 133,035 | 601,655 | ||||||||||
Far Eastern International Bank |
Banks | 108,770 | 40,798 | |||||||||||
Far Eastern New Century Corp. |
Industrial Conglomerates | 198,000 | 212,139 | |||||||||||
Far EasTone Telecommunications Co. Ltd. |
Wireless Telecommunication Services | 81,000 | 178,802 | |||||||||||
Feng Tay Enterprise Co. Ltd. |
Textiles, Apparel & Luxury Goods | 22,500 | 173,633 | |||||||||||
First Financial Holding Co. Ltd. |
Banks | 516,069 | 417,701 | |||||||||||
Formosa Chemicals & Fibre Corp. |
Chemicals | 173,000 | 520,978 | |||||||||||
Formosa Petrochemical Corp. |
Oil, Gas & Consumable Fuels | 69,000 | 245,681 | |||||||||||
Formosa Plastics Corp. |
Chemicals | 246,000 | 1,002,172 | |||||||||||
Formosa Taffeta Co. Ltd. |
Textiles, Apparel & Luxury Goods | 52,000 | 56,087 | |||||||||||
Foxconn Technology Co. Ltd. |
Electronic Equipment, Instruments & Components | 56,000 | 141,304 | |||||||||||
Fubon Financial Holding Co. Ltd. |
Insurance | 411,400 | 1,132,585 | |||||||||||
Genius Electronic Optical Co. Ltd. |
Electronic Equipment, Instruments & Components | 4,160 | 61,518 | |||||||||||
Giant Manufacturing Co. Ltd. |
Leisure Products | 15,000 | 171,479 | |||||||||||
Globalwafers Co. Ltd. |
Semiconductors & Semiconductor Equipment | 10,720 | 305,895 | |||||||||||
Hiwin Technologies Corp. |
Machinery | 14,049 | 156,069 | |||||||||||
Hon Hai Precision Industry Co. Ltd. |
Electronic Equipment, Instruments & Components | 603,000 | 2,272,572 | |||||||||||
Hotai Motor Co. Ltd. |
Specialty Retail | 16,250 | 341,209 | |||||||||||
a |
HTC Corp. |
Technology Hardware, Storage & Peripherals | 36,000 | 47,551 | ||||||||||
Hua Nan Financial Holdings Co. Ltd. |
Banks | 495,883 | 363,095 | |||||||||||
Innolux Corp. |
Electronic Equipment, Instruments & Components | 440,000 | 268,480 | |||||||||||
Inventec Corp. |
Technology Hardware, Storage & Peripherals | 153,000 | 141,684 | |||||||||||
Largan Precision Co. Ltd. |
Electronic Equipment, Instruments & Components | 5,160 | 405,606 | |||||||||||
Lite-On Technology Corp. |
Technology Hardware, Storage & Peripherals | 108,000 | 242,278 |
franklintempleton.com |
Semiannual Report |
281 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Taiwan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Taiwan (continued) | ||||||||||||||
MediaTek Inc. |
Semiconductors & Semiconductor Equipment | 74,750 | $ | 2,428,124 | ||||||||||
Mega Financial Holding Co. Ltd. |
Banks | 550,000 | 632,706 | |||||||||||
Micro-Star International Co. Ltd. |
Technology Hardware, Storage & Peripherals | 35,000 | 162,686 | |||||||||||
momo.com Inc. |
Internet & Direct Marketing Retail | 2,925 | 170,079 | |||||||||||
Nan Ya Plastics Corp. |
Chemicals | 285,000 | 936,003 | |||||||||||
Nan Ya Printed Circuit Board Corp. |
Electronic Equipment, Instruments & Components | 10,600 | 165,503 | |||||||||||
Nanya Technology Corp. |
Semiconductors & Semiconductor Equipment | 41,250 | 97,571 | |||||||||||
Nien Made Enterprise Co. Ltd. |
Household Durables | 7,250 | 103,049 | |||||||||||
Novatek Microelectronics Corp. Ltd. |
Semiconductors & Semiconductor Equipment | 28,850 | 424,562 | |||||||||||
a |
OBI Pharma Inc. |
Biotechnology | 7,194 | 26,854 | ||||||||||
a |
Oneness Biotech Co. Ltd. |
Pharmaceuticals | 15,000 | 99,603 | ||||||||||
Parade Technologies Ltd. |
Semiconductors & Semiconductor Equipment | 3,500 | 207,911 | |||||||||||
Pegatron Corp. |
Technology Hardware, Storage & Peripherals | 103,000 | 247,698 | |||||||||||
Pou Chen Corp. |
Textiles, Apparel & Luxury Goods | 134,000 | 162,327 | |||||||||||
Powertech Technology Inc. |
Semiconductors & Semiconductor Equipment | 36,000 | 135,030 | |||||||||||
President Chain Store Corp. |
Food & Staples Retailing | 28,500 | 286,427 | |||||||||||
Quanta Computer Inc. |
Technology Hardware, Storage & Peripherals | 134,000 | 372,750 | |||||||||||
Realtek Semiconductor Corp. |
Semiconductors & Semiconductor Equipment | 24,000 | 426,841 | |||||||||||
Shin Kong Financial Holding Co. Ltd. |
Insurance | 637,565 | 213,052 | |||||||||||
Sino-American Silicon Products Inc. |
Semiconductors & Semiconductor Equipment | 27,000 | 175,894 | |||||||||||
SinoPac Financial Holdings Co. Ltd. |
Banks | 530,000 | 264,425 | |||||||||||
Synnex Technology International Corp. |
Electronic Equipment, Instruments & Components | 68,000 | 127,406 | |||||||||||
Taishin Financial Holding Co. Ltd. |
Banks | 546,985 | 355,357 | |||||||||||
Taiwan Business Bank |
Banks | 258,653 | 88,754 | |||||||||||
Taiwan Cement Corp. |
Construction Materials | 263,352 | 482,079 | |||||||||||
Taiwan Cooperative Financial Holding Co. Ltd. |
Banks | 495,249 | 392,850 | |||||||||||
Taiwan Fertilizer Co. Ltd. |
Chemicals | 37,000 | 90,041 | |||||||||||
Taiwan Glass Industry Corp. |
Building Products | 82,000 | 87,120 | |||||||||||
Taiwan High Speed Rail Corp. |
Transportation Infrastructure | 106,000 | 112,618 | |||||||||||
Taiwan Mobile Co. Ltd. |
Wireless Telecommunication Services | 83,000 | 294,636 | |||||||||||
Taiwan Secom Co. Ltd. |
Commercial Services & Supplies | 14,000 | 49,044 | |||||||||||
Taiwan Semiconductor Manufacturing Co. Ltd. |
Semiconductors & Semiconductor Equipment | 406,000 | 8,452,110 | |||||||||||
Teco Electric & Machinery Co. Ltd. |
Electrical Equipment | 95,000 | 106,558 | |||||||||||
The Shanghai Commercial & Savings Bank Ltd. |
Banks | 165,000 | 262,953 | |||||||||||
Transcend Information Inc. |
Technology Hardware, Storage & Peripherals | 14,000 | 33,718 | |||||||||||
U-Ming Marine Transport Corp. |
Marine | 21,000 | 51,708 | |||||||||||
Uni-President Enterprises Corp. |
Food Products | 242,000 | 593,263 | |||||||||||
Unimicron Technology Corp. |
Electronic Equipment, Instruments & Components | 65,000 | 307,963 | |||||||||||
United Microelectronics Corp. |
Semiconductors & Semiconductor Equipment | 589,000 | 1,353,027 | |||||||||||
Vanguard International Semiconductor Corp. |
Semiconductors & Semiconductor Equipment | 46,000 | 250,139 | |||||||||||
Voltronic Power Technology Corp. |
Electrical Equipment | 2,500 | 153,443 | |||||||||||
Walsin Lihwa Corp. |
Electrical Equipment | 160,000 | 144,721 | |||||||||||
Walsin Technology Corp. |
Electronic Equipment, Instruments & Components | 25,000 | 137,291 | |||||||||||
Wan Hai Lines Ltd. |
Marine | 40,700 | 297,283 | |||||||||||
Win Semiconductors Corp. |
Semiconductors & Semiconductor Equipment | 20,500 | 228,101 | |||||||||||
Winbond Electronics Corp. |
Semiconductors & Semiconductor Equipment | 149,000 | 141,724 | |||||||||||
Wistron Corp. |
Technology Hardware, Storage & Peripherals | 142,000 | 140,163 | |||||||||||
Wiwynn Corp. |
Technology Hardware, Storage & Peripherals | 4,250 | 132,715 | |||||||||||
a |
Yageo Corp. |
Electronic Equipment, Instruments & Components | 23,300 | 370,067 | ||||||||||
a |
Yang Ming Marine Transport Corp. |
Marine | 83,000 | 356,006 | ||||||||||
Yuanta Financial Holding Co. Ltd. |
Diversified Financial Services | 587,560 | 520,907 | |||||||||||
a |
Yulon Motor Co. Ltd. |
Automobiles | 28,165 | 43,167 | ||||||||||
Yulon Nissan Motor Co. Ltd. |
Automobiles | 1,000 | 9,027 |
282 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE Taiwan ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
Taiwan (continued) | ||||||||||||||
Zhen Ding Technology Holding Ltd. |
Electronic Equipment, Instruments & Components | 32,000 | $ | 113,595 | ||||||||||
|
|
|||||||||||||
43,137,985 | ||||||||||||||
|
|
|||||||||||||
Total Investments (Cost $31,478,353) 99.8% |
43,827,151 | |||||||||||||
Other Assets, less Liabilities 0.2% |
87,493 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 43,914,644 | ||||||||||||
|
|
aNon-income producing.
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
283 |
FRANKLIN TEMPLETON ETF TRUST
Financial Highlights
Franklin FTSE United Kingdom ETF
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, | |||||||||||||||||||
2021 | 2020 | 2019 | 2018a | |||||||||||||||||
Per share operating
performance (for a share outstanding throughout the period) |
| |||||||||||||||||||
Net asset value, beginning of period |
$ | 23.78 | $ | 17.92 | $ | 24.23 | $ | 25.23 | $ | 24.89 | ||||||||||
|
|
|||||||||||||||||||
Income from investment operationsb: |
| |||||||||||||||||||
Net investment incomec |
0.59 | 0.84 | 1.08 | 1.05 | 0.38 | |||||||||||||||
Net realized and unrealized gains (losses) |
0.64 | 5.62 | (6.30 | ) | (1.21 | ) | 0.07 | |||||||||||||
|
|
|||||||||||||||||||
Total from investment operations |
1.23 | 6.46 | (5.22 | ) | (0.16 | ) | 0.45 | |||||||||||||
|
|
|||||||||||||||||||
Less distributions from net investment income |
(0.43 | ) | (0.60 | ) | (1.09 | ) | (0.84 | ) | (0.11 | ) | ||||||||||
|
|
|||||||||||||||||||
Net asset value, end of period |
$ | 24.58 | $ | 23.78 | $ | 17.92 | $ | 24.23 | $ | 25.23 | ||||||||||
|
|
|||||||||||||||||||
Total returnd |
5.09% | 36.19% | (22.42)% | (0.51)% | 1.80% | |||||||||||||||
Ratios to average net assetse |
| |||||||||||||||||||
Expenses before waiver and payments by affiliates |
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% | |||||||||||||||
Net investment income |
4.71% | 3.98% | 4.84% | 4.46% | 3.68% | |||||||||||||||
Supplemental data |
| |||||||||||||||||||
Net assets, end of period (000’s) |
$336,809 | $205,673 | $89,624 | $29,076 | $2,523 | |||||||||||||||
Portfolio turnover ratef |
2.99% | g | 7.26% | g | 4.41% | g | 10.10% | 1.61% |
aFor the period November 2, 2017 (commencement of operations) to March 31, 2018.
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.
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: | 2.99% | 7.26% | 4.41% |
284 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
Statement of Investments, September 30, 2021 (unaudited)
Franklin FTSE United Kingdom ETF
Industry | Shares | Value | ||||||||||||
Common Stocks 99.2% | ||||||||||||||
Australia 2.7% | ||||||||||||||
Rio Tinto PLC |
Metals & Mining | 137,000 | $ | 9,076,414 | ||||||||||
|
|
|||||||||||||
Bermuda 0.1% | ||||||||||||||
Hiscox Ltd. |
Insurance | 42,526 | 481,426 | |||||||||||
|
|
|||||||||||||
Chile 0.2% | ||||||||||||||
Antofagasta PLC |
Metals & Mining | 43,566 | 800,069 | |||||||||||
|
|
|||||||||||||
Cyprus 0.2% |
||||||||||||||
Polymetal International PLC |
Metals & Mining | 44,936 | 762,215 | |||||||||||
|
|
|||||||||||||
Czech Republic 0.2% |
||||||||||||||
a |
Avast PLC, 144A |
Software | 70,181 | 537,301 | ||||||||||
|
|
|||||||||||||
Germany 0.1% |
||||||||||||||
b,c |
TUI AG |
Hotels, Restaurants & Leisure | 92,668 | 402,211 | ||||||||||
|
|
|||||||||||||
Ireland 4.8% |
||||||||||||||
CRH PLC |
Construction Materials | 98,640 | 4,641,745 | |||||||||||
DCC PLC |
Industrial Conglomerates | 12,423 | 1,038,200 | |||||||||||
Experian PLC |
Professional Services | 115,080 | 4,824,178 | |||||||||||
b |
Flutter Entertainment PLC |
Hotels, Restaurants & Leisure | 20,824 | 4,121,857 | ||||||||||
Smurfit Kappa Group PLC |
Containers & Packaging | 32,606 | 1,702,298 | |||||||||||
|
|
|||||||||||||
16,328,278 | ||||||||||||||
|
|
|||||||||||||
Isle Of Man 0.6% |
||||||||||||||
b |
GVC Holdings PLC |
Hotels, Restaurants & Leisure | 73,432 | 2,108,957 | ||||||||||
|
|
|||||||||||||
Mexico 0.1% |
||||||||||||||
Fresnillo PLC |
Metals & Mining | 23,016 | 242,497 | |||||||||||
|
|
|||||||||||||
Netherlands 6.5% |
||||||||||||||
Royal Dutch Shell PLC, A |
Oil, Gas & Consumable Fuels | 516,490 | 11,525,577 | |||||||||||
Royal Dutch Shell PLC, B |
Oil, Gas & Consumable Fuels | 467,444 | 10,397,070 | |||||||||||
|
|
|||||||||||||
21,922,647 | ||||||||||||||
|
|
|||||||||||||
Russia 0.2% |
||||||||||||||
Evraz PLC |
Metals & Mining | 72,610 | 581,940 | |||||||||||
|
|
|||||||||||||
Switzerland 2.6% |
||||||||||||||
Coca-Cola HBC AG |
Beverages | 24,660 | 797,675 | |||||||||||
Glencore PLC |
Metals & Mining | 1,669,756 | 7,921,608 | |||||||||||
|
|
|||||||||||||
8,719,283 | ||||||||||||||
|
|
|||||||||||||
United Kingdom 80.9% | ||||||||||||||
3i Group PLC |
Capital Markets | 119,738 | 2,068,966 | |||||||||||
Abrdn PLC |
Capital Markets | 269,890 | 930,144 | |||||||||||
Admiral Group PLC |
Insurance | 26,578 | 1,113,797 | |||||||||||
Anglo American PLC |
Metals & Mining | 154,810 | 5,474,157 | |||||||||||
Ashmore Group PLC |
Capital Markets | 57,669 | 264,844 | |||||||||||
Ashtead Group PLC |
Trading Companies & Distributors | 56,444 | 4,296,961 | |||||||||||
Associated British Foods PLC |
Food Products | 43,840 | 1,099,477 | |||||||||||
AstraZeneca PLC |
Pharmaceuticals | 195,088 | 23,563,748 | |||||||||||
a |
Auto Trader Group PLC, 144A |
Interactive Media & Services | 118,094 | 937,559 | ||||||||||
AVEVA Group PLC |
Software | 14,796 | 718,207 | |||||||||||
Aviva PLC |
Insurance | 493,200 | 2,632,760 | |||||||||||
B&M European Value Retail SA |
Multiline Retail | 112,340 | 894,604 | |||||||||||
BAE Systems PLC |
Aerospace & Defense | 406,068 | 3,094,594 | |||||||||||
Barclays PLC |
Banks | 2,133,638 | 5,454,586 | |||||||||||
Barratt Developments PLC |
Household Durables | 127,136 | 1,132,083 | |||||||||||
Bellway PLC |
Household Durables | 15,344 | 678,395 | |||||||||||
Berkeley Group Holdings PLC |
Household Durables | 13,158 | 773,888 | |||||||||||
BHP Group PLC |
Metals & Mining | 261,944 | 6,668,977 |
franklintempleton.com |
Semiannual Report |
285 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE United Kingdom ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
United Kingdom (continued) | ||||||||||||||
BP PLC |
Oil, Gas & Consumable Fuels | 2,504,908 | $ | 11,493,611 | ||||||||||
British American Tobacco PLC |
Tobacco | 287,426 | 10,091,827 | |||||||||||
British Land Co. PLC |
Equity Real Estate Investment Trusts (REITs | ) | 116,724 | 779,370 | ||||||||||
b |
BT Group PLC |
Diversified Telecommunication Services | 948,588 | 2,043,888 | ||||||||||
Bunzl PLC |
Trading Companies & Distributors | 42,470 | 1,405,842 | |||||||||||
Burberry Group PLC |
Textiles, Apparel & Luxury Goods | 50,690 | 1,240,514 | |||||||||||
b |
Centrica PLC |
Multi-Utilities | 741,170 | 566,435 | ||||||||||
b |
Compass Group PLC |
Hotels, Restaurants & Leisure | 224,406 | 4,611,287 | ||||||||||
a |
ConvaTec Group PLC, 144A |
Health Care Equipment & Supplies | 201,116 | 585,738 | ||||||||||
Croda International PLC |
Chemicals | 16,988 | 1,957,070 | |||||||||||
Dechra Pharmaceuticals PLC |
Pharmaceuticals | 13,152 | 860,075 | |||||||||||
Derwent London PLC |
Equity Real Estate Investment Trusts (REITs | ) | 12,695 | 591,917 | ||||||||||
Diageo PLC |
Beverages | 289,344 | 14,068,343 | |||||||||||
Direct Line Insurance Group PLC |
Insurance | 170,976 | 667,631 | |||||||||||
b |
Dr. Martens PLC |
Textiles, Apparel & Luxury Goods | 62,472 | 331,883 | ||||||||||
DS Smith PLC |
Containers & Packaging | 160,838 | 895,440 | |||||||||||
b |
easyJet PLC |
Airlines | 47,102 | 420,944 | ||||||||||
Electrocomponents PLC |
Trading Companies & Distributors | 59,184 | 860,252 | |||||||||||
Ferguson PLC |
Trading Companies & Distributors | 28,222 | 3,932,792 | |||||||||||
GlaxoSmithKline PLC |
Pharmaceuticals | 622,254 | 11,776,434 | |||||||||||
Halma PLC |
Electronic Equipment, Instruments & Components | 47,676 | 1,826,950 | |||||||||||
Hargreaves Lansdown PLC |
Capital Markets | 47,676 | 920,225 | |||||||||||
Hikma Pharmaceuticals PLC |
Pharmaceuticals | 21,399 | 706,907 | |||||||||||
HomeServe PLC |
Commercial Services & Supplies | 34,910 | 425,756 | |||||||||||
Howden Joinery Group PLC |
Trading Companies & Distributors | 71,788 | 867,093 | |||||||||||
HSBC Holdings PLC |
Banks | 2,574,504 | 13,539,936 | |||||||||||
IMI PLC |
Machinery | 33,702 | 754,339 | |||||||||||
Imperial Brands PLC |
Tobacco | 118,642 | 2,493,148 | |||||||||||
b |
Informa PLC |
Media | 187,964 | 1,392,407 | ||||||||||
b |
InterContinental Hotels Group PLC |
Hotels, Restaurants & Leisure | 23,016 | 1,475,960 | ||||||||||
Intermediate Capital Group PLC |
Capital Markets | 35,072 | 967,067 | |||||||||||
b |
International Consolidated Airlines Group SA |
Airlines | 140,562 | 338,305 | ||||||||||
Intertek Group PLC |
Professional Services | 20,276 | 1,360,670 | |||||||||||
b |
ITV PLC |
Media | 469,910 | 675,421 | ||||||||||
J Sainsbury PLC |
Food & Staples Retailing | 215,912 | 830,871 | |||||||||||
JD Sports Fashion PLC |
Specialty Retail | 61,924 | 875,448 | |||||||||||
Johnson Matthey PLC |
Chemicals | 23,838 | 863,012 | |||||||||||
Kingfisher PLC |
Specialty Retail | 265,506 | 1,204,654 | |||||||||||
Land Securities Group PLC |
Equity Real Estate Investment Trusts (REITs | ) | 89,598 | 842,042 | ||||||||||
Legal & General Group PLC |
Insurance | 745,828 | 2,826,847 | |||||||||||
Lloyds Banking Group PLC |
Banks | 8,921,988 | 5,602,355 | |||||||||||
London Stock Exchange Group PLC |
Capital Markets | 45,758 | 4,596,487 | |||||||||||
M&G PLC |
Diversified Financial Services | 326,608 | 896,618 | |||||||||||
b |
Meggitt PLC |
Aerospace & Defense | 98,652 | 982,201 | ||||||||||
Melrose Industries PLC |
Industrial Conglomerates | 544,986 | 1,278,975 | |||||||||||
Mondi PLC |
Paper & Forest Products | 61,102 | 1,507,268 | |||||||||||
National Grid PLC |
Multi-Utilities | 447,168 | 5,333,600 | |||||||||||
Natwest Group PLC |
Banks | 659,518 | 1,999,949 | |||||||||||
Next PLC |
Multiline Retail | 15,892 | 1,759,666 | |||||||||||
b |
NMC Health PLC |
Health Care Providers & Services | 3,705 | — | ||||||||||
b |
Ocado Group PLC |
Food & Staples Retailing | 61,376 | 1,375,824 | ||||||||||
Pearson PLC |
Media | 93,982 | 901,998 | |||||||||||
Pennon Group PLC |
Water Utilities | 35,620 | 544,160 | |||||||||||
Persimmon PLC |
Household Durables | 40,004 | 1,439,103 | |||||||||||
Phoenix Group Holdings PLC |
Insurance | 79,186 | 689,310 | |||||||||||
Prudential PLC |
Insurance | 329,074 | 6,455,938 | |||||||||||
a |
Quilter PLC, 144A |
Capital Markets | 215,638 | 414,327 |
286 |
Semiannual Report |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE United Kingdom ETF (continued)
Industry | Shares | Value | ||||||||||||
Common Stocks (continued) | ||||||||||||||
United Kingdom (continued) | ||||||||||||||
Reckitt Benckiser Group PLC |
Household Products | 79,734 | $ | 6,267,796 | ||||||||||
RELX PLC |
Professional Services | 234,270 | 6,781,902 | |||||||||||
Renishaw PLC |
Electronic Equipment, Instruments & Components | 4,263 | 272,916 | |||||||||||
Rentokil Initial PLC |
Commercial Services & Supplies | 234,544 | 1,845,620 | |||||||||||
Rightmove PLC |
Interactive Media & Services | 108,230 | 997,299 | |||||||||||
b |
Rolls-Royce Holdings PLC |
Aerospace & Defense | 1,055,174 | 1,993,834 | ||||||||||
Royal Mail PLC |
Air Freight & Logistics | 115,354 | 655,124 | |||||||||||
Schroders PLC |
Capital Markets | 13,974 | 677,364 | |||||||||||
Segro PLC |
Equity Real Estate Investment Trusts (REITs | ) | 150,426 | 2,423,782 | ||||||||||
Severn Trent PLC |
Water Utilities | 31,510 | 1,106,349 | |||||||||||
Smith & Nephew PLC |
Health Care Equipment & Supplies | 110,696 | 1,920,938 | |||||||||||
Smiths Group PLC |
Industrial Conglomerates | 49,320 | 958,274 | |||||||||||
Spirax-Sarco Engineering PLC |
Machinery | 9,316 | 1,880,416 | |||||||||||
SSE PLC |
Electric Utilities | 131,246 | 2,780,129 | |||||||||||
St. James’s Place Capital PLC |
Capital Markets | 66,856 | 1,358,490 | |||||||||||
Standard Chartered PLC |
Banks | 321,402 | 1,889,461 | |||||||||||
Tate & Lyle PLC |
Food Products | 58,910 | 549,506 | |||||||||||
Taylor Wimpey PLC |
Household Durables | 454,566 | 954,920 | |||||||||||
Tesco PLC |
Food & Staples Retailing | 962,836 | 3,288,443 | |||||||||||
The Sage Group PLC |
Software | 135,630 | 1,297,693 | |||||||||||
b |
THG PLC |
Internet & Direct Marketing Retail | 130,972 | 895,342 | ||||||||||
Travis Perkins PLC |
Trading Companies & Distributors | 28,525 | 590,387 | |||||||||||
Unilever PLC |
Personal Products | 325,238 | 17,563,318 | |||||||||||
United Utilities Group PLC |
Water Utilities | 85,762 | 1,119,831 | |||||||||||
Vodafone Group PLC |
Wireless Telecommunication Services | 3,490,760 | 5,332,768 | |||||||||||
b |
Weir Group PLC |
Machinery | 32,606 | 743,656 | ||||||||||
b |
Whitbread PLC |
Hotels, Restaurants & Leisure | 25,482 | 1,139,333 | ||||||||||
Wickes Group PLC |
Specialty Retail | 31,918 | 97,951 | |||||||||||
William Morrison Supermarkets PLC |
Food & Staples Retailing | 280,576 | 1,114,137 | |||||||||||
WPP PLC |
Media | 147,412 | 1,988,624 | |||||||||||
|
|
|||||||||||||
272,429,480 | ||||||||||||||
|
|
|||||||||||||
Total
Common Stocks |
334,392,718 | |||||||||||||
|
|
|||||||||||||
Short Term Investments 0.1% | ||||||||||||||
Investments from Cash Collateral Received for Loaned Securities 0.1% |
||||||||||||||
United States 0.1% | ||||||||||||||
d,e |
Institutional Fiduciary Trust Portfolio, 0.01% |
Money Market Funds | 217,580 | 217,580 | ||||||||||
|
|
|||||||||||||
Total
Investments |
334,610,298 | |||||||||||||
Other Assets, less Liabilities 0.7% |
2,199,105 | |||||||||||||
|
|
|||||||||||||
Net Assets 100.0% |
$ | 336,809,403 | ||||||||||||
|
|
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, 2021, the aggregate value of these securities was $2,474,925, representing 0.7% of net assets.
bNon-income producing.
cA portion or all of the security is on loan at September 30, 2021. See Note 1(d).
dThe rate shown is the annualized seven-day effective yield at period end.
eSee Note 3(c) regarding investments in affiliated management investment companies.
franklintempleton.com |
Semiannual Report |
287 |
FRANKLIN TEMPLETON ETF TRUST
STATEMENT OF INVESTMENTS (UNAUDITED)
Franklin FTSE United Kingdom ETF (continued)
At September 30, 2021, 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 | ||||||||||||||||||||
FTSE 100 Index |
Long | 20 | $ | 1,907,511 | 12/17/21 | $ | 21,278 |
*As of period end.
See Note 8 regarding other derivative information.
See Abbreviations on page 339.
288 |
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
September 30, 2021 (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 |
$ | 30,543,220 | $ | 20,947,807 | $ | 251,836,323 | $ | 23,681,181 | ||||||||
Cost – Non-controlled affiliates (Note 3c) |
92,451 | — | — | — | ||||||||||||
|
|
|||||||||||||||
Value – Unaffiliated issuers+ |
$ | 32,373,311 | $ | 23,743,731 | $ | 198,860,248 | $ | 27,431,665 | ||||||||
Value – Non-controlled affiliates (Note 3c) |
92,451 | — | — | — | ||||||||||||
Cash |
— | — | 2,749 | — | ||||||||||||
Foreign currency, at value (cost $21,904, $173,492, $2,961,367 and $26,423, respectively) |
21,838 | 173,497 | 2,961,148 | 26,583 | ||||||||||||
Receivables: |
||||||||||||||||
Dividends and interest |
51,011 | 44,428 | 511,561 | 49,437 | ||||||||||||
Variation margin on futures contracts |
562 | — | — | — | ||||||||||||
Deposits with brokers for: |
||||||||||||||||
Futures contracts |
5,234 | — | 491,002 | — | ||||||||||||
Other assets |
48 | — | — | — | ||||||||||||
|
|
|||||||||||||||
Total assets |
32,544,455 | 23,961,656 | 202,826,708 | 27,507,685 | ||||||||||||
|
|
|||||||||||||||
Liabilities: |
||||||||||||||||
Payables: |
||||||||||||||||
Investment securities purchased |
— | — | — | 135 | ||||||||||||
Management fees |
5,173 | 1,802 | 33,537 | 2,075 | ||||||||||||
Variation margin on futures contracts |
— | — | 12,300 | — | ||||||||||||
Funds advanced by custodian |
3,909 | 160,083 | — | 17,297 | ||||||||||||
Deferred tax |
172,194 | — | — | — | ||||||||||||
Payable upon return of securities loaned |
92,451 | — | — | — | ||||||||||||
|
|
|||||||||||||||
Total liabilities |
273,727 | 161,885 | 45,837 | 19,507 | ||||||||||||
|
|
|||||||||||||||
Net assets, at value |
$ | 32,270,728 | $ | 23,799,771 | $ | 202,780,871 | $ | 27,488,178 | ||||||||
|
|
|||||||||||||||
Net assets consist of: |
||||||||||||||||
Paid-in capital |
$ | 31,502,881 | $ | 20,973,600 | $ | 298,801,537 | $ | 23,737,127 | ||||||||
Total distributable earnings (loss) |
767,847 | 2,826,171 | (96,020,666 | ) | 3,751,051 | |||||||||||
|
|
|||||||||||||||
Net assets, at value |
$ | 32,270,728 | $ | 23,799,771 | $ | 202,780,871 | $ | 27,488,178 | ||||||||
|
|
|||||||||||||||
Shares outstanding |
1,200,000 | 800,000 | 10,100,000 | 850,000 | ||||||||||||
|
|
|||||||||||||||
Net asset value per share |
$ | 26.89 | $ | 29.75 | $ | 20.08 | $ | 32.34 | ||||||||
|
|
+Includes securities loaned |
90,374 | — | — | — |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
289 |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Assets and Liabilities (continued)
September 30, 2021 (unaudited)
Franklin FTSE China ETF |
Franklin FTSE Europe ETF |
Franklin FTSE Europe Hedged ETF |
Franklin FTSE France ETF |
|||||||||||||
Assets: |
||||||||||||||||
Investments in securities: |
||||||||||||||||
Cost – Unaffiliated issuers |
$ | 135,459,071 | $ | 156,241,384 | $ | 15,164,517 | $ | 9,996,682 | ||||||||
Cost – Non-controlled affiliates (Note 3c) |
679,900 | — | 8,600 | — | ||||||||||||
|
|
|||||||||||||||
Value – Unaffiliated issuers+ |
$ | 127,797,721 | $ | 191,271,360 | $ | 16,431,391 | $ | 10,530,166 | ||||||||
Value – Non-controlled affiliates (Note 3c) |
679,900 | — | 8,600 | — | ||||||||||||
Cash |
68,048 | 301,964 | 280 | — | ||||||||||||
Foreign currency, at value (cost $103,726, $137,035 and $56,248 respectively) |
103,733 | 135,905 | 55,664 | — | ||||||||||||
Receivables: |
||||||||||||||||
Dividends and interest++ |
148,828 | 570,252 | 29,247 | 9,203 | ||||||||||||
Investment securities sold |
— | — | — | 116,018 | ||||||||||||
Capital shares sold |
— | — | — | — | ||||||||||||
Variation margin on futures contracts |
2,703 | — | — | — | ||||||||||||
Deposits with brokers for: |
||||||||||||||||
Futures contracts |
26,174 | 58,822 | 3,521 | — | ||||||||||||
Unrealized appreciation on OTC forward exchange contracts |
— | — | 317,897 | — | ||||||||||||
Other assets |
— | 122 | 35 | — | ||||||||||||
|
|
|||||||||||||||
Total assets |
128,827,107 | 192,338,425 | 16,846,635 | 10,655,387 | ||||||||||||
|
|
|||||||||||||||
Liabilities: |
||||||||||||||||
Payables: |
||||||||||||||||
Investment securities purchased |
34,227 | 312 | 323,658 | — | ||||||||||||
Capital shares redeemed |
— | — | — | — | ||||||||||||
Management fees |
20,217 | 14,773 | 1,246 | 807 | ||||||||||||
Variation margin on futures contracts |
— | 1,962 | 149 | — | ||||||||||||
Funds advanced by custodian |
— | — | — | 4,640 | ||||||||||||
Foreign currency advanced by custodian |
— | — | — | 122,588 | ||||||||||||
Payable upon return of securities loaned |
679,900 | — | — | — | ||||||||||||
Unrealized depreciation on OTC forward exchange contracts |
— | — | 256 | — | ||||||||||||
|
|
|||||||||||||||
Total liabilities |
734,344 | 17,047 | 325,309 | 128,035 | ||||||||||||
|
|
|||||||||||||||
Net assets, at value |
$ | 128,092,763 | $ | 192,321,378 | $ | 16,521,326 | $ | 10,527,352 | ||||||||
|
|
|||||||||||||||
Net assets consist of: |
||||||||||||||||
Paid-in capital |
$ | 140,331,487 | $ | 141,904,942 | $ | 15,547,877 | $ | 9,920,684 | ||||||||
Total distributable earnings (loss) |
(12,238,724 | ) | 50,416,436 | 973,449 | 606,668 | |||||||||||
|
|
|||||||||||||||
Net assets, at value |
$ | 128,092,763 | $ | 192,321,378 | $ | 16,521,326 | $ | 10,527,352 | ||||||||
|
|
|||||||||||||||
Shares outstanding |
4,800,000 | 6,800,000 | 600,000 | 350,000 | ||||||||||||
|
|
|||||||||||||||
Net asset value per share |
$ | 26.69 | $ | 28.28 | $ | 27.54 | $ | 30.08 | ||||||||
|
|
+Includes securities loaned |
662,370 | — | — | — | ||||||||||||
++Includes European Union tax reclaims |
— | 405,422 | 15,451 | — |
290 |
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, 2021 (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 |
$ | 12,040,319 | $ | 15,183,311 | $ | 28,596,485 | $ | 3,406,936 | ||||||||
|
|
|||||||||||||||
Value – Unaffiliated issuers |
$ | 12,832,999 | $ | 15,368,863 | $ | 38,639,991 | $ | 4,017,496 | ||||||||
Cash |
5,442 | 467 | 124,673 | 289 | ||||||||||||
Foreign currency, at value (cost $3,841, $13,222, $3,491 and $601. respectively) |
3,798 | 13,221 | 3,486 | 594 | ||||||||||||
Receivables: |
||||||||||||||||
Dividends and interest++ |
24,946 | 33,033 | 38,718 | 444 | ||||||||||||
Variation margin on futures contracts |
— | 94 | — | — | ||||||||||||
Deposits with brokers for: |
||||||||||||||||
Futures contracts |
1,374 | 3,067 | 9,350 | — | ||||||||||||
|
|
|||||||||||||||
Total assets |
12,868,559 | 15,418,745 | 38,816,218 | 4,018,823 | ||||||||||||
|
|
|||||||||||||||
Liabilities: |
||||||||||||||||
Payables: |
||||||||||||||||
Management fees |
991 | 1,186 | 5,331 | 305 | ||||||||||||
Variation margin on futures contracts |
55 | — | 1,380 | — | ||||||||||||
Funds advanced by custodian |
— | — | — | — | ||||||||||||
Deferred tax |
— | — | 1,110,827 | — | ||||||||||||
|
|
|||||||||||||||
Total liabilities |
1,046 | 1,186 | 1,117,538 | 305 | ||||||||||||
|
|
|||||||||||||||
Net assets, at value |
$ | 12,867,513 | $ | 15,417,559 | $ | 37,698,680 | $ | 4,018,518 | ||||||||
|
|
|||||||||||||||
Net assets consist of: |
||||||||||||||||
Paid-in capital |
$ | 12,356,554 | $ | 15,516,985 | $ | 29,918,084 | $ | 3,728,641 | ||||||||
Total distributable earnings (loss) |
510,959 | (99,426 | ) | 7,780,596 | 289,877 | |||||||||||
|
|
|||||||||||||||
Net assets, at value |
$ | 12,867,513 | $ | 15,417,559 | $ | 37,698,680 | $ | 4,018,518 | ||||||||
|
|
|||||||||||||||
Shares outstanding |
500,000 | 600,000 | 1,150,000 | 150,000 | ||||||||||||
|
|
|||||||||||||||
Net asset value per share |
$ | 25.74 | $ | 25.70 | $ | 32.78 | $ | 26.79 | ||||||||
|
|
++Includes European Union tax reclaims |
25,984 | — | — | 450 |
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
291 |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Assets and Liabilities (continued)
September 30, 2021 (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 |
$ | 633,348,680 | $ | 13,440,152 | $ | 4,688,111 | $ | 9,962,232 | ||||||||
Cost – Non-controlled affiliates (Note 3c) |
357,746 | 19,193 | — | — | ||||||||||||
|
|
|||||||||||||||
Value – Unaffiliated issuers |
$ | 682,528,609 | $ | 12,719,993 | $ | 4,384,181 | $ | 10,918,226 | ||||||||
Value – Non-controlled affiliates (Note 3c) |
357,746 | 19,193 | — | — | ||||||||||||
Cash |
— | — | — | — | ||||||||||||
Foreign currency, at value (cost $487,420, $31,951, $48,647 and $64,398, respectively) |
485,078 | 31,531 | 48,505 | 63,696 | ||||||||||||
Receivables: |
||||||||||||||||
Dividends and interest++ |
4,948,659 | 92,153 | 9,561 | 7,086 | ||||||||||||
Deposits with brokers for: |
||||||||||||||||
Futures contracts |
217,791 | 6,049 | 2,342 | — | ||||||||||||
Unrealized appreciation on OTC forward exchange contracts |
— | 188,761 | — | — | ||||||||||||
|
|
|||||||||||||||
Total assets |
688,537,883 | 13,057,680 | 4,444,589 | 10,989,008 | ||||||||||||
|
|
|||||||||||||||
Liabilities: |
||||||||||||||||
Payables: |
||||||||||||||||
Investment securities purchased |
162,554 | 179,281 | — | 18,415 | ||||||||||||
Management fees |
48,431 | 959 | 723 | 1,661 | ||||||||||||
Variation margin on futures contracts |
220,506 | 4,865 | 821 | — | ||||||||||||
Funds advanced by custodian |
— | — | 44,480 | 44,223 | ||||||||||||
Unrealized depreciation on OTC forward exchange contracts |
— | 226 | — | — | ||||||||||||
|
|
|||||||||||||||
Total liabilities |
431,491 | 185,331 | 46,024 | 64,299 | ||||||||||||
|
|
|||||||||||||||
Net assets, at value |
$ | 688,106,392 | $ | 12,872,349 | $ | 4,398,565 | $ | 10,924,709 | ||||||||
|
|
|||||||||||||||
Net assets consist of: |
||||||||||||||||
Paid-in capital |
$ | 629,913,681 | $ | 13,252,790 | $ | 4,811,023 | $ | 10,586,132 | ||||||||
Total distributable earnings (loss) |
58,192,711 | (380,441 | ) | (412,458 | ) | 338,577 | ||||||||||
|
|
|||||||||||||||
Net assets, at value |
$ | 688,106,392 | $ | 12,872,349 | $ | 4,398,565 | $ | 10,924,709 | ||||||||
|
|
|||||||||||||||
Shares outstanding |
22,200,000 | 400,000 | 200,000 | 450,000 | ||||||||||||
|
|
|||||||||||||||
Net asset value per share |
$ | 31.00 | $ | 32.18 | $ | 21.99 | $ | 24.28 | ||||||||
|
|
++Includes European Union tax reclaims |
2,133 | 327 | — | — |
292 |
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, 2021 (unaudited)
Franklin FTSE Russia ETF |
Franklin FTSE Saudi Arabia ETF |
Franklin FTSE South Africa ETF |
Franklin FTSE South Korea ETF |
|||||||||||||
Assets: |
||||||||||||||||
Investments in securities: |
||||||||||||||||
Cost – Unaffiliated issuers |
$ | 16,075,874 | $ | 2,476,821 | $ | 3,453,981 | $ | 59,164,636 | ||||||||
|
|
|||||||||||||||
Value – Unaffiliated issuers |
$ | 20,005,788 | $ | 3,553,668 | $ | 3,800,605 | $ | 63,687,933 | ||||||||
Cash |
66 | — | — | 14,403 | ||||||||||||
Foreign currency, at value (cost $-, $4,659, $28,677 and $8,506, respectively) |
— | 4,658 | 28,634 | 8,272 | ||||||||||||
Receivables: |
||||||||||||||||
Dividends and interest |
21,267 | 3,655 | 8,831 | 61,836 | ||||||||||||
Investment securities sold |
— | — | — | 2,878,874 | ||||||||||||
Deposits with brokers for: |
||||||||||||||||
Futures contracts |
— | — | — | — | ||||||||||||
Other assets |
— | — | — | 3,264 | ||||||||||||
|
|
|||||||||||||||
Total assets |
20,027,121 | 3,561,981 | 3,838,070 | 66,654,582 | ||||||||||||
|
|
|||||||||||||||
Liabilities: |
||||||||||||||||
Payables: |
||||||||||||||||
Investment securities purchased |
— | — | 14,741 | — | ||||||||||||
Capital shares redeemed |
— | — | — | 2,894,341 | ||||||||||||
Management fees |
3,034 | 1,119 | 600 | 5,124 | ||||||||||||
Variation margin on futures contracts |
— | — | — | — | ||||||||||||
Funds advanced by custodian |
— | 982 | 19,990 | — | ||||||||||||
|
|
|||||||||||||||
Total liabilities |
3,034 | 2,101 | 35,331 | 2,899,465 | ||||||||||||
|
|
|||||||||||||||
Net assets, at value |
$ | 20,024,087 | $ | 3,559,880 | $ | 3,802,739 | $ | 63,755,117 | ||||||||
|
|
|||||||||||||||
Net assets consist of: |
||||||||||||||||
Paid-in capital |
$ | 15,963,873 | $ | 2,482,525 | $ | 3,707,866 | $ | 65,129,318 | ||||||||
Total distributable earnings (loss) |
4,060,214 | 1,077,355 | 94,873 | (1,374,201 | ) | |||||||||||
|
|
|||||||||||||||
Net assets, at value |
$ | 20,024,087 | $ | 3,559,880 | $ | 3,802,739 | $ | 63,755,117 | ||||||||
|
|
|||||||||||||||
Shares outstanding |
600,000 | 100,000 | 150,000 | 2,200,000 | ||||||||||||
|
|
|||||||||||||||
Net asset value per share |
$ | 33.37 | $ | 35.60 | $ | 25.35 | $ | 28.98 | ||||||||
|
|
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
293 |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Assets and Liabilities (continued)
September 30, 2021 (unaudited)
Franklin FTSE Switzerland ETF |
Franklin FTSE Taiwan ETF |
Franklin FTSE United Kingdom ETF |
||||||||||
Assets: |
| |||||||||||
Investments in securities: |
| |||||||||||
Cost – Unaffiliated issuers |
$ | 36,102,602 | $ | 31,478,353 | $ | 330,591,565 | ||||||
Cost – Non-controlled affiliates (Note 3c) |
— | — | 217,580 | |||||||||
|
|
|||||||||||
Value – Unaffiliated issuers+ |
$ | 38,201,215 | $ | 43,827,151 | $ | 334,392,718 | ||||||
Value – Non-controlled affiliates (Note 3c) |
— | — | 217,580 | |||||||||
Cash |
4,466 | — | 419,452 | |||||||||
Foreign currency, at value (cost $15,014, $60,525 and $1,118,608, respectively) |
14,853 | 60,376 | 1,107,097 | |||||||||
Receivables: |
||||||||||||
Dividends and interest++ |
447,486 | 81,914 | 749,664 | |||||||||
Investment securities sold |
— | — | 434 | |||||||||
Variation margin on futures contracts |
— | — | — | |||||||||
Deposits with brokers for: |
||||||||||||
Futures contracts |
31,434 | — | 165,416 | |||||||||
|
|
|||||||||||
Total assets |
38,699,454 | 43,969,441 | 337,052,361 | |||||||||
|
|
|||||||||||
Liabilities: |
||||||||||||
Payables: |
||||||||||||
Management fees |
3,001 | 7,063 | 24,983 | |||||||||
Variation margin on futures contracts |
287 | — | 395 | |||||||||
Funds advanced by custodian |
— | 47,734 | — | |||||||||
Payable upon return of securities loaned |
— | — | 217,580 | |||||||||
|
|
|||||||||||
Total liabilities |
3,288 | 54,797 | 242,958 | |||||||||
|
|
|||||||||||
Net assets, at value |
$ | 38,696,166 | $ | 43,914,644 | $ | 336,809,403 | ||||||
|
|
|||||||||||
Net assets consist of: |
||||||||||||
Paid-in capital |
$ | 33,444,246 | $ | 30,816,575 | $ | 333,435,949 | ||||||
Total distributable earnings (loss) |
5,251,920 | 13,098,069 | 3,373,454 | |||||||||
|
|
|||||||||||
Net assets, at value |
$ | 38,696,166 | $ | 43,914,644 | $ | 336,809,403 | ||||||
|
|
|||||||||||
Shares outstanding |
1,200,000 | 1,000,000 | 13,700,000 | |||||||||
|
|
|||||||||||
Net asset value per share |
$ | 32.25 | $ | 43.91 | $ | 24.58 | ||||||
|
|
+Includes securities loaned |
— | — | 207,126 | |||||||||
++Includes European Union tax reclaims |
442,261 | — | 3,654 |
294 |
Semiannual Report | The accompanying notes are an integral part of these financial statements. |
franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Operations
for the period ended September 30, 2021 (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 |
$ | 493,959 | $ | 532,288 | $ | 7,697,369 | $ | 339,244 | ||||||||
Non-cash dividends |
— | 111,624 | — | — | ||||||||||||
Interest: |
||||||||||||||||
Unaffiliated issuers |
48 | — | — | — | ||||||||||||
Interest from securities loaned: (Note 1d) |
| |||||||||||||||
Unaffiliated issuers (net of fees and rebates) |
96 | — | — | — | ||||||||||||
|
|
|||||||||||||||
Total investment income |
494,103 | 643,912 | 7,697,369 | 339,244 | ||||||||||||
|
|
|||||||||||||||
Expenses: |
| |||||||||||||||
Management fees (Note 3a) |
32,584 | 11,060 | 170,858 | 12,405 | ||||||||||||
Other |
— | — | — | — | ||||||||||||
|
|
|||||||||||||||
Total expenses |
32,584 | 11,060 | 170,858 | 12,405 | ||||||||||||
Expenses waived/paid by affiliates (Note 3c) |
(105 | ) | — | — | — | |||||||||||
|
|
|||||||||||||||
Net investment income |
461,624 | 632,852 | 7,526,511 | 326,839 | ||||||||||||
|
|
|||||||||||||||
Realized and unrealized gains (losses): |
||||||||||||||||
Net realized gain (loss) from: |
||||||||||||||||
Investments: |
||||||||||||||||
Unaffiliated issuers |
(302,740 | ) | (11,896 | ) | (7,592,347 | ) | (32,598 | ) | ||||||||
In-kind redemptions |
— | — | — | — | ||||||||||||
Foreign currency transactions |
(2,707 | ) | (9,518 | ) | (113,484 | ) | (662 | ) | ||||||||
Futures contracts |
(22,193 | ) | — | (55,351 | ) | — | ||||||||||
|
|
|||||||||||||||
Net realized gain (loss) |
(327,640 | ) | (21,414 | ) | (7,761,182 | ) | (33,260 | ) | ||||||||
|
|
|||||||||||||||
Net change in unrealized appreciation (depreciation) on: |
||||||||||||||||
Investments: |
||||||||||||||||
Unaffiliated issuers |
(1,952,211 | ) | 311,949 | (27,182,396 | ) | 1,652,113 | ||||||||||
Translation of other assets and liabilities denominated in foreign currencies |
1,964 | 157 | (11,486 | ) | 43 | |||||||||||
Futures contracts |
6,252 | — | (122,519 | ) | — | |||||||||||
Change in deferred taxes on unrealized appreciation |
(105,972 | ) | — | — | — | |||||||||||
|
|
|||||||||||||||
Net change in unrealized appreciation (depreciation) |
(2,049,967 | ) | 312,106 | (27,316,401 | ) | 1,652,156 | ||||||||||
|
|
|||||||||||||||
Net realized and unrealized gain (loss) |
(2,377,607 | ) | 290,692 | (35,077,583 | ) | 1,618,896 | ||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
$ | (1,915,983 | ) | $ | 923,544 | $ | (27,551,072 | ) | $ | 1,945,735 | ||||||
|
|
aForeign taxes withheld on dividends |
$ | 56,657 | $ | 6,437 | $ | 138,872 | $ | 58,255 | ||||||||
|
|
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
295 |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Operations (continued)
for the period ended September 30, 2021 (unaudited)
Franklin FTSE China ETF |
Franklin FTSE Europe ETF |
Franklin FTSE Europe Hedged ETF |
Franklin FTSE France ETF |
|||||||||||||
Investment income: |
||||||||||||||||
Dividends: (net of foreign taxes)a |
||||||||||||||||
Unaffiliated issuers |
$ | 1,855,505 | $ | 4,180,734 | $ | 301,368 | $ | 243,483 | ||||||||
Interest from securities loaned: (Note 1d) |
| |||||||||||||||
Unaffiliated issuers (net of fees and rebates) |
3,468 | 304 | — | — | ||||||||||||
Non-Controlled affiliates (Note 3c) |
39 | — | — | — | ||||||||||||
|
|
|||||||||||||||
Total investment income |
1,859,012 | 4,181,038 | 301,368 | 243,483 | ||||||||||||
|
|
|||||||||||||||
Expenses: |
| |||||||||||||||
Management fees (Note 3a) |
119,083 | 97,022 | 7,419 | 3,948 | ||||||||||||
Other |
— | 180 | 20 | — | ||||||||||||
|
|
|||||||||||||||
Total expenses |
119,083 | 97,202 | 7,439 | 3,948 | ||||||||||||
Expenses waived/paid by affiliates (Note 3c) |
(226 | ) | (3 | ) | (8 | ) | — | |||||||||
|
|
|||||||||||||||
Net investment income |
1,740,155 | 4,083,839 | 293,937 | 239,535 | ||||||||||||
|
|
|||||||||||||||
Realized and unrealized gains (losses): |
||||||||||||||||
Net realized gain (loss) from: |
||||||||||||||||
Investments: |
||||||||||||||||
Unaffiliated issuers |
(2,208,044 | ) | 258,746 | (99,503 | ) | (19,127 | ) | |||||||||
In-kind redemptions |
2,285,872 | 17,495,426 | — | — | ||||||||||||
Foreign currency transactions |
(8,660 | ) | 6,700 | 1,001 | (19 | ) | ||||||||||
Forwards exchange contracts |
— | — | 251,432 | — | ||||||||||||
Futures contracts |
(123,052 | ) | 71,632 | 10,813 | — | |||||||||||
|
|
|||||||||||||||
Net realized gain (loss) |
(53,884 | ) | 17,832,504 | 163,743 | (19,146 | ) | ||||||||||
|
|
|||||||||||||||
Net change in unrealized appreciation (depreciation) on: |
||||||||||||||||
Investments: |
||||||||||||||||
Unaffiliated issuers |
(24,013,835 | ) | (6,493,976 | ) | 706,273 | 166,810 | ||||||||||
Translation of other assets and liabilities denominated in foreign currencies |
49 | (8,191 | ) | (1,150 | ) | (256 | ) | |||||||||
Futures contracts |
(3,684 | ) | (18,171 | ) | (3,442 | ) | — | |||||||||
Forward exchange contracts |
— | — | 20,104 | — | ||||||||||||
|
|
|||||||||||||||
Net change in unrealized appreciation (depreciation) |
(24,017,470 | ) | (6,520,338 | ) | 721,785 | 166,554 | ||||||||||
|
|
|||||||||||||||
Net realized and unrealized gain (loss) |
(24,071,354 | ) | 11,312,166 | 885,528 | 147,408 | |||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
$ | (22,331,199 | ) | $ | 15,396,005 | $ | 1,179,465 | $ | 386,943 | |||||||
|
|
aForeign taxes withheld on dividends |
$ | 146,601 | $ | 485,895 | $ | 38,200 | $ | 42,486 | ||||||||
|
|
296 |
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, 2021 (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 |
$ | 230,952 | $ | 334,031 | $ | 191,462 | $ | 77,736 | ||||||||
|
|
|||||||||||||||
Total investment income |
230,952 | 334,031 | 191,462 | 77,736 | ||||||||||||
|
|
|||||||||||||||
Expenses: |
||||||||||||||||
Management fees (Note 3a) |
6,051 | 7,646 | 27,091 | 1,857 | ||||||||||||
Other |
6 | — | — | 2 | ||||||||||||
|
|
|||||||||||||||
Total expenses |
6,057 | 7,646 | 27,091 | 1,859 | ||||||||||||
|
|
|||||||||||||||
Net investment income |
224,895 | 326,385 | 164,371 | 75,877 | ||||||||||||
|
|
|||||||||||||||
Realized and unrealized gains (losses): |
||||||||||||||||
Net realized gain (loss) from: |
||||||||||||||||
Investments: |
||||||||||||||||
Unaffiliated issuers |
(32,096 | ) | (153,409 | ) | (90,218 | ) | (7,124 | ) | ||||||||
In-kind redemptions |
— | — | — | — | ||||||||||||
Foreign currency transactions |
(236 | ) | 9 | 4,615 | (275 | ) | ||||||||||
Futures contracts |
911 | (5,164 | ) | — | 1,105 | |||||||||||
|
|
|||||||||||||||
Net realized gain (loss) |
(31,421 | ) | (158,564 | ) | (85,603 | ) | (6,294 | ) | ||||||||
|
|
|||||||||||||||
Net change in unrealized appreciation (depreciation) on: |
||||||||||||||||
Investments: |
||||||||||||||||
Unaffiliated issuers |
(191,021 | ) | (1,453,316 | ) | 5,533,731 | 36,982 | ||||||||||
Translation of other assets and liabilities denominated in foreign currencies |
(1,039 | ) | — | (322 | ) | (7 | ) | |||||||||
Futures contracts |
(466 | ) | 53 | (473 | ) | — | ||||||||||
Change in deferred taxes on unrealized appreciation |
— | — | (685,240 | ) | — | |||||||||||
|
|
|||||||||||||||
Net change in unrealized appreciation (depreciation) |
(192,526 | ) | (1,453,263 | ) | 4,847,696 | 36,975 | ||||||||||
|
|
|||||||||||||||
Net realized and unrealized gain (loss) |
(223,947 | ) | (1,611,827 | ) | 4,762,093 | 30,681 | ||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
$ | 948 | $ | (1,285,442 | ) | $ | 4,926,464 | $ | 106,558 | |||||||
|
|
aForeign taxes withheld on dividends |
$ | 36,370 | $ | 158 | $ | 54,743 | $ | 12,131 | ||||||||
|
|
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
297 |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Operations (continued)
for the period ended September 30, 2021 (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 |
$ | 6,075,430 | $ | 138,996 | $ | 148,355 | $ | 111,723 | ||||||||
|
|
|||||||||||||||
Total investment income |
6,075,430 | 138,996 | 148,355 | 111,723 | ||||||||||||
|
|
|||||||||||||||
Expenses: |
||||||||||||||||
Management fees (Note 3a) |
262,537 | 9,103 | 4,622 | 7,280 | ||||||||||||
Other |
106 | — | — | — | ||||||||||||
|
|
|||||||||||||||
Total expenses |
262,643 | 9,103 | 4,622 | 7,280 | ||||||||||||
Expenses waived/paid by affiliates (Note 3c) |
(358 | ) | (35 | ) | — | — | ||||||||||
|
|
|||||||||||||||
Net investment income |
5,813,145 | 129,928 | 143,733 | 104,443 | ||||||||||||
|
|
|||||||||||||||
Realized and unrealized gains (losses): |
||||||||||||||||
Net realized gain (loss) from: |
||||||||||||||||
Investments: |
||||||||||||||||
Unaffiliated issuers |
(2,452,376 | ) | (141,149 | ) | (70,185 | ) | (52,404 | ) | ||||||||
In-kind redemptions |
13,826,428 | 663,170 | — | — | ||||||||||||
Foreign currency transactions |
(18,588 | ) | (394 | ) | (859 | ) | (32 | ) | ||||||||
Futures contracts |
139,335 | (14,260 | ) | (579 | ) | — | ||||||||||
Forwards exchange contracts |
— | 772,045 | — | — | ||||||||||||
|
|
|||||||||||||||
Net realized gain (loss) |
11,494,799 | 1,279,412 | (71,623 | ) | (52,436 | ) | ||||||||||
|
|
|||||||||||||||
Net change in unrealized appreciation (depreciation) on: |
||||||||||||||||
Investments: |
||||||||||||||||
Unaffiliated issuers |
4,316,769 | (300,173 | ) | (90,952 | ) | 540,285 | ||||||||||
Translation of other assets and liabilities denominated in foreign currencies |
28,087 | 193 | (82 | ) | (801 | ) | ||||||||||
Futures contracts |
(6,629 | ) | (707 | ) | (823 | ) | — | |||||||||
Forward exchange contracts |
— | (656,720 | ) | — | — | |||||||||||
|
|
|||||||||||||||
Net change in unrealized appreciation (depreciation) |
4,338,227 | (957,407 | ) | (91,857 | ) | 539,484 | ||||||||||
|
|
|||||||||||||||
Net realized and unrealized gain (loss) |
15,833,026 | 322,005 | (163,480 | ) | 487,048 | |||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
$ | 21,646,171 | $ | 451,933 | $ | (19,747 | ) | $ | 591,491 | |||||||
|
|
aForeign taxes withheld on dividends |
$ | 669,046 | $ | 15,233 | $ | 6,217 | $ | 5,347 | ||||||||
|
|
298 |
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, 2021 (unaudited)
Franklin FTSE Russia ETF |
Franklin FTSE Saudi Arabia ETF |
Franklin FTSE South Africa ETF |
Franklin FTSE South Korea ETF |
|||||||||||||
Investment income: |
||||||||||||||||
Dividends: (net of foreign taxes)a |
||||||||||||||||
Unaffiliated issuers |
$ | 700,290 | $ | 59,906 | $ | 62,108 | $ | 203,375 | ||||||||
Interest from securities loaned: (Note 1d) |
||||||||||||||||
Unaffiliated issuers (net of fees and rebates) |
— | — | — | 1,402 | ||||||||||||
|
|
|||||||||||||||
Total investment income |
700,290 | 59,906 | 62,108 | 204,777 | ||||||||||||
|
|
|||||||||||||||
Expenses: |
||||||||||||||||
Management fees (Note 3a) |
15,669 | 6,445 | 2,764 | 32,746 | ||||||||||||
Other |
— | — | — | — | ||||||||||||
|
|
|||||||||||||||
Total expenses |
15,669 | 6,445 | 2,764 | 32,746 | ||||||||||||
Expenses waived/paid by affiliates (Note 3c) |
— | — | — | (10 | ) | |||||||||||
|
|
|||||||||||||||
Net investment income |
684,621 | 53,461 | 59,344 | 172,041 | ||||||||||||
|
|
|||||||||||||||
Realized and unrealized gains (losses): |
||||||||||||||||
Net realized gain (loss) from: |
||||||||||||||||
Investments: |
||||||||||||||||
Unaffiliated issuers |
136,918 | 24,887 | (67,756 | ) | (1,616,715 | ) | ||||||||||
In-kind redemptions |
— | — | — | — | ||||||||||||
Foreign currency transactions |
(548 | ) | (13 | ) | (841 | ) | (25,090 | ) | ||||||||
Futures contracts |
— | — | — | 27,540 | ||||||||||||
Forwards exchange contracts |
— | (38 | ) | — | — | |||||||||||
|
|
|||||||||||||||
Net realized gain (loss) |
136,370 | 24,836 | (68,597 | ) | (1,614,265 | ) | ||||||||||
|
|
|||||||||||||||
Net change in unrealized appreciation (depreciation) on: |
||||||||||||||||
Investments: |
||||||||||||||||
Unaffiliated issuers |
2,824,681 | 484,056 | (42,918 | ) | (4,231,468 | ) | ||||||||||
Translation of other assets and liabilities denominated in foreign currencies |
547 | (1 | ) | (90 | ) | 13,152 | ||||||||||
Futures contracts |
— | — | — | (2,310 | ) | |||||||||||
|
|
|||||||||||||||
Net change in unrealized appreciation (depreciation) |
2,825,228 | 484,055 | (43,008 | ) | (4,220,626 | ) | ||||||||||
|
|
|||||||||||||||
Net realized and unrealized gain (loss) |
2,961,598 | 508,891 | (111,605 | ) | (5,834,891 | ) | ||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
$ | 3,646,219 | $ | 562,352 | $ | (52,261 | ) | $ | (5,662,850 | ) | ||||||
|
|
aForeign taxes withheld on dividends |
$ | 77,810 | $ | 2,863 | $ | 10,621 | $ | 52,620 | ||||||||
|
|
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
299 |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Operations (continued)
for the period ended September 30, 2021 (unaudited)
Franklin FTSE Switzerland ETF |
Franklin FTSE Taiwan ETF |
Franklin FTSE United Kingdom ETF |
||||||||||
Investment income: |
||||||||||||
Dividends: (net of foreign taxes)a |
||||||||||||
Unaffiliated issuers |
$ | 657,101 | $ | 991,126 | $ | 5,941,624 | ||||||
Interest from securities loaned: (Note 1d) |
||||||||||||
Unaffiliated issuers (net of fees and rebates) |
— | — | 5,786 | |||||||||
Non-Controlled affiliates (Note 3c) |
— | — | 8 | |||||||||
|
|
|||||||||||
Total investment income |
657,101 | 991,126 | 5,947,418 | |||||||||
|
|
|||||||||||
Expenses: |
||||||||||||
Management fees (Note 3a) |
22,953 | 41,422 | 111,610 | |||||||||
|
|
|||||||||||
Total expenses |
22,953 | 41,422 | 111,610 | |||||||||
Expenses waived/paid by affiliates (Note 3c) |
— | — | (37 | ) | ||||||||
|
|
|||||||||||
Net investment income |
634,148 | 949,704 | 5,835,845 | |||||||||
|
|
|||||||||||
Realized and unrealized gains (losses): |
||||||||||||
Net realized gain (loss) from: |
||||||||||||
Investments: |
||||||||||||
Unaffiliated issuers |
(46,689 | ) | (25,964 | ) | (1,180,013 | ) | ||||||
In-kind redemptions |
3,468,239 | — | — | |||||||||
Foreign currency transactions |
(442 | ) | (604 | ) | (19,182 | ) | ||||||
Futures contracts |
64,629 | (2,809 | ) | 51,319 | ||||||||
Forwards exchange contracts |
— | (84 | ) | — | ||||||||
|
|
|||||||||||
Net realized gain (loss) |
3,485,737 | (29,461 | ) | (1,147,876 | ) | |||||||
|
|
|||||||||||
Net change in unrealized appreciation (depreciation) on: |
||||||||||||
Investments: |
||||||||||||
Unaffiliated issuers |
919,450 | 1,736,028 | 2,633,622 | |||||||||
Translation of other assets and liabilities denominated in foreign currencies |
(363 | ) | (429 | ) | (15,265 | ) | ||||||
Futures contracts |
(33,372 | ) | — | 28,675 | ||||||||
|
|
|||||||||||
Net change in unrealized appreciation (depreciation) |
885,715 | 1,735,599 | 2,647,032 | |||||||||
|
|
|||||||||||
Net realized and unrealized gain (loss) |
4,371,452 | 1,706,138 | 1,499,156 | |||||||||
|
|
|||||||||||
Net increase (decrease) in net assets resulting from operations |
$ | 5,005,600 | $ | 2,655,842 | $ | 7,335,001 | ||||||
|
|
aForeign taxes withheld on dividends |
$ | 100,629 | $ | 245,541 | $ | 17,230 | ||||||
|
|
300 |
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
Franklin FTSE Asia ex Japan ETF | Franklin FTSE Australia ETF | |||||||||||||||
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, 2021 |
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, 2021 |
|||||||||||||
Increase (decrease) in net assets: |
||||||||||||||||
Operations: |
||||||||||||||||
Net investment income |
$ | 461,624 | $ | 376,018 | $ | 632,852 | $ | 504,912 | ||||||||
Net realized gain (loss) |
(327,640 | ) | (291,780 | ) | (21,414 | ) | 407,134 | |||||||||
Net change in unrealized appreciation (depreciation) |
(2,049,967 | ) | 7,262,830 | 312,106 | 6,448,995 | |||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
(1,915,983 | ) | 7,347,068 | 923,544 | 7,361,041 | |||||||||||
|
|
|||||||||||||||
Distributions to shareholders: (Note 1f) |
(129,214 | ) | (347,651 | ) | (418,842 | ) | (369,523 | ) | ||||||||
|
|
|||||||||||||||
Capital share transactions: (Note 2) |
(651 | ) | 12,605,123 | — | 8,483,275 | |||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets |
(2,045,848 | ) | 19,604,540 | 504,702 | 15,474,793 | |||||||||||
Net assets: |
||||||||||||||||
Beginning of period |
34,316,576 | 14,712,036 | 23,295,069 | 7,820,276 | ||||||||||||
|
|
|||||||||||||||
End of Period |
$ | 32,270,728 | $ | 34,316,576 | $ | 23,799,771 | $ | 23,295,069 | ||||||||
|
|
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
301 |
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, 2021 (unaudited) |
Year Ended March 31, 2021 |
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, 2021 |
|||||||||||||
Increase (decrease) in net assets: |
||||||||||||||||
Operations: |
||||||||||||||||
Net investment income |
$ | 7,526,511 | $ | 2,583,991 | $ | 326,839 | $ | 244,759 | ||||||||
Net realized gain (loss) |
(7,761,182 | ) | (25,392,559 | ) | (33,260 | ) | (81,484 | ) | ||||||||
Net change in unrealized appreciation (depreciation) |
(27,316,401 | ) | 68,757,511 | 1,652,156 | 3,599,762 | |||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
(27,551,072 | ) | 45,948,943 | 1,945,735 | 3,763,037 | |||||||||||
|
|
|||||||||||||||
Distributions to shareholders: (Note 1f) |
(1,999,994 | ) | (3,244,165 | ) | (203,041 | ) | (170,739 | ) | ||||||||
|
|
|||||||||||||||
Capital share transactions: (Note 2) |
124,675,531 | (37,747,916 | ) | 1,585,234 | 15,691,933 | |||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets |
95,124,465 | 4,956,862 | 3,327,928 | 19,284,231 | ||||||||||||
Net assets: |
||||||||||||||||
Beginning of period |
107,656,406 | 102,699,544 | 24,160,250 | 4,876,019 | ||||||||||||
|
|
|||||||||||||||
End of Period |
$ | 202,780,871 | $ | 107,656,406 | $ | 27,488,178 | $ | 24,160,250 | ||||||||
|
|
302 |
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 China ETF | Franklin FTSE Europe ETF | |||||||||||||||
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, 2021 |
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, 2021 |
|||||||||||||
Increase (decrease) in net assets: |
||||||||||||||||
Operations: |
||||||||||||||||
Net investment income |
$ | 1,740,155 | $ | 810,357 | $ | 4,083,839 | $ | 5,490,917 | ||||||||
Net realized gain (loss) |
(53,884 | ) | (588,268 | ) | 17,832,504 | 9,094,885 | ||||||||||
Net change in unrealized appreciation (depreciation) |
(24,017,470 | ) | 18,699,200 | (6,520,338 | ) | 64,726,941 | ||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
(22,331,199 | ) | 18,921,289 | 15,396,005 | 79,312,743 | |||||||||||
|
|
|||||||||||||||
Distributions to shareholders: (Note 1f) |
(93,153 | ) | (880,709 | ) | (4,554,221 | ) | (4,581,765 | ) | ||||||||
|
|
|||||||||||||||
Capital share transactions: (Note 2) |
29,735,025 | 53,934,391 | (47,646,833 | ) | 63,039,215 | |||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets |
7,310,673 | 71,974,971 | (36,805,049 | ) | 137,770,193 | |||||||||||
Net assets: |
||||||||||||||||
Beginning of period |
120,782,090 | 48,807,119 | 229,126,427 | 91,356,234 | ||||||||||||
|
|
|||||||||||||||
End of Period |
$ | 128,092,763 | $ | 120,782,090 | $ | 192,321,378 | $ | 229,126,427 | ||||||||
|
|
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
303 |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Changes in Net Assets (continued)
Franklin FTSE Europe Hedged ETF | Franklin FTSE France ETF | |||||||||||||||
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, 2021 |
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, 2021 |
|||||||||||||
Increase (decrease) in net assets: |
||||||||||||||||
Operations: |
||||||||||||||||
Net investment income |
$ | 293,937 | $ | 155,027 | $ | 239,535 | $ | 112,786 | ||||||||
Net realized gain (loss) |
163,743 | (555,366 | ) | (19,146 | ) | (675,930 | ) | |||||||||
Net change in unrealized appreciation (depreciation) |
721,785 | 2,245,041 | 166,554 | 3,137,166 | ||||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
1,179,465 | 1,844,702 | 386,943 | 2,574,022 | ||||||||||||
|
|
|||||||||||||||
Distributions to shareholders: (Note 1f) |
(87,265 | ) | (93,163 | ) | (90,966 | ) | (109,487 | ) | ||||||||
|
|
|||||||||||||||
Capital share transactions: (Note 2) |
— | 9,846,602 | 3,120,862 | (4,055,531 | ) | |||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets |
1,092,200 | 11,598,141 | 3,416,839 | (1,590,996 | ) | |||||||||||
Net assets: |
||||||||||||||||
Beginning of period |
15,429,126 | 3,830,985 | 7,110,513 | 8,701,509 | ||||||||||||
|
|
|||||||||||||||
End of Period |
$ | 16,521,326 | $ | 15,429,126 | $ | 10,527,352 | $ | 7,110,513 | ||||||||
|
|
304 |
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 Germany ETF | Franklin FTSE Hong Kong ETF | |||||||||||||||
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, 2021 |
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, 2021 |
|||||||||||||
Increase (decrease) in net assets: |
| |||||||||||||||
Operations: |
| |||||||||||||||
Net investment income |
$ | 224,895 | $ | 186,390 | $ | 326,385 | $ | 499,556 | ||||||||
Net realized gain (loss) |
(31,421 | ) | 64,451 | (158,564 | ) | 244,531 | ||||||||||
Net change in unrealized appreciation (depreciation) |
(192,526 | ) | 2,486,044 | (1,453,263 | ) | 4,939,038 | ||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
948 | 2,736,885 | (1,285,442 | ) | 5,683,125 | |||||||||||
|
|
|||||||||||||||
Distributions to shareholders: (Note 1f) |
(214,429 | ) | (182,573 | ) | (158,596 | ) | (524,795 | ) | ||||||||
|
|
|||||||||||||||
Capital share transactions: (Note 2) |
3,988,190 | 2,356,392 | — | (3,730,050 | ) | |||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets |
3,774,709 | 4,910,704 | (1,444,038 | ) | 1,428,280 | |||||||||||
Net assets: |
| |||||||||||||||
Beginning of period |
9,092,804 | 4,182,100 | 16,861,597 | 15,433,317 | ||||||||||||
|
|
|||||||||||||||
End of Period |
$ | 12,867,513 | $ | 9,092,804 | $ | 15,417,559 | $ | 16,861,597 | ||||||||
|
|
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
305 |
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, 2021 (unaudited) |
Year Ended March 31, 2021 |
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, 2021 |
|||||||||||||
Increase (decrease) in net assets: |
||||||||||||||||
Operations: |
||||||||||||||||
Net investment income |
$ | 164,371 | $ | 116,966 | $ | 75,877 | $ | 100,370 | ||||||||
Net realized gain (loss) |
(85,603 | ) | (608,636 | ) | (6,294 | ) | (136,896 | ) | ||||||||
Net change in unrealized appreciation (depreciation) |
4,847,696 | 6,744,772 | 36,975 | 1,456,119 | ||||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
4,926,464 | 6,253,102 | 106,558 | 1,419,593 | ||||||||||||
|
|
|||||||||||||||
Distributions to shareholders: (Note 1f) |
(43,446 | ) | (92,142 | ) | (62,413 | ) | (86,540 | ) | ||||||||
|
|
|||||||||||||||
Capital share transactions: (Note 2) |
9,271,514 | 8,593,234 | — | — | ||||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets |
14,154,532 | 14,754,194 | 44,145 | 1,333,053 | ||||||||||||
Net assets: |
||||||||||||||||
Beginning of period |
23,544,148 | 8,789,954 | 3,974,373 | 2,641,320 | ||||||||||||
|
|
|||||||||||||||
End of Period |
$ | 37,698,680 | $ | 23,544,148 | $ | 4,018,518 | $ | 3,974,373 | ||||||||
|
|
306 |
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 Japan ETF | Franklin FTSE Japan Hedged ETF | |||||||||||||||
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, 2021 |
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, 2021 |
|||||||||||||
Increase (decrease) in net assets: |
||||||||||||||||
Operations: |
||||||||||||||||
Net investment income |
$ | 5,813,145 | $ | 9,355,858 | $ | 129,928 | $ | 237,408 | ||||||||
Net realized gain (loss) |
11,494,799 | 20,175,822 | 1,279,412 | 50,651 | ||||||||||||
Net change in unrealized appreciation (depreciation) |
4,338,227 | 124,382,389 | (957,407 | ) | 1,585,421 | |||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
21,646,171 | 153,914,069 | 451,933 | 1,873,480 | ||||||||||||
|
|
|||||||||||||||
Distributions to shareholders: (Note 1f) |
(7,083,468 | ) | (8,307,221 | ) | — | — | ||||||||||
|
|
|||||||||||||||
Capital share transactions: (Note 2) |
74,609,569 | 137,476,616 | (12,142,770 | ) | 18,420,312 | |||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets |
89,172,272 | 283,083,464 | (11,690,837 | ) | 20,293,792 | |||||||||||
Net assets: |
||||||||||||||||
Beginning of period |
598,934,120 | 315,850,656 | 24,563,186 | 4,269,394 | ||||||||||||
|
|
|||||||||||||||
End of Period |
$ | 688,106,392 | $ | 598,934,120 | $ | 12,872,349 | $ | 24,563,186 | ||||||||
|
|
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
307 |
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, 2021 (unaudited) |
Year Ended March 31, 2021 |
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, 2021 |
|||||||||||||
Increase (decrease) in net assets: |
||||||||||||||||
Operations: |
||||||||||||||||
Net investment income |
$ | 143,733 | $ | 62,831 | $ | 104,443 | $ | 78,918 | ||||||||
Net realized gain (loss) |
(71,623 | ) | (78,302 | ) | (52,436 | ) | (219,622 | ) | ||||||||
Net change in unrealized appreciation (depreciation) |
(91,857 | ) | 833,245 | 539,484 | 1,997,216 | |||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
(19,747 | ) | 817,774 | 591,491 | 1,856,512 | |||||||||||
|
|
|||||||||||||||
Distributions to shareholders: (Note 1f) |
(61,388 | ) | (50,024 | ) | (63,805 | ) | (79,915 | ) | ||||||||
|
|
|||||||||||||||
Capital share transactions: (Note 2) |
— | 2,191,582 | 4,861,121 | 888,685 | ||||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets |
(81,135 | ) | 2,959,332 | 5,388,807 | 2,665,282 | |||||||||||
Net assets: |
||||||||||||||||
Beginning of period |
4,479,700 | 1,520,368 | 5,535,902 | 2,870,620 | ||||||||||||
|
|
|||||||||||||||
End of Period |
$ | 4,398,565 | $ | 4,479,700 | $ | 10,924,709 | $ | 5,535,902 | ||||||||
|
|
308 |
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 Russia ETF | Franklin FTSE Saudi Arabia ETF | |||||||||||||||
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, 2021 |
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, 2021 |
|||||||||||||
Increase (decrease) in net assets: |
||||||||||||||||
Operations: |
||||||||||||||||
Net investment income |
$ | 684,621 | $ | 620,269 | $ | 53,461 | $ | 52,211 | ||||||||
Net realized gain (loss) |
136,370 | 720,065 | 24,836 | 9,323 | ||||||||||||
Net change in unrealized appreciation (depreciation) |
2,825,228 | 3,655,069 | 484,055 | 1,013,320 | ||||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
3,646,219 | 4,995,403 | 562,352 | 1,074,854 | ||||||||||||
|
|
|||||||||||||||
Distributions to shareholders: (Note 1f) |
(131,041 | ) | (587,880 | ) | (35,511 | ) | (56,892 | ) | ||||||||
|
|
|||||||||||||||
Capital share transactions: (Note 2) |
5,715,044 | (6,853,353 | ) | — | — | |||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets |
9,230,222 | (2,445,830 | ) | 526,841 | 1,017,962 | |||||||||||
Net assets: |
||||||||||||||||
Beginning of period |
10,793,865 | 13,239,695 | 3,033,039 | 2,015,077 | ||||||||||||
|
|
|||||||||||||||
End of Period |
$ | 20,024,087 | $ | 10,793,865 | $ | 3,559,880 | $ | 3,033,039 | ||||||||
|
|
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 South Africa ETF | Franklin FTSE South Korea ETF | |||||||||||||||
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, 2021 |
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, 2021 |
|||||||||||||
Increase (decrease) in net assets: |
||||||||||||||||
Operations: |
||||||||||||||||
Net investment income |
$ | 59,344 | $ | 102,844 | $ | 172,041 | $ | 617,015 | ||||||||
Net realized gain (loss) |
(68,597 | ) | (138,401 | ) | (1,614,265 | ) | (592,956 | ) | ||||||||
Net change in unrealized appreciation (depreciation) |
(43,008 | ) | 1,271,635 | (4,220,626 | ) | 14,536,607 | ||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
(52,261 | ) | 1,236,078 | (5,662,850 | ) | 14,560,666 | ||||||||||
|
|
|||||||||||||||
Distributions to shareholders: (Note 1f) |
(33,485 | ) | (95,139 | ) | (424,914 | ) | (364,846 | ) | ||||||||
|
|
|||||||||||||||
Capital share transactions: (Note 2) |
1,266,242 | — | 6,877,091 | 37,207,699 | ||||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets |
1,180,496 | 1,140,939 | 789,327 | 51,403,519 | ||||||||||||
Net assets: |
||||||||||||||||
Beginning of period |
2,622,243 | 1,481,304 | 62,965,790 | 11,562,271 | ||||||||||||
|
|
|||||||||||||||
End of Period |
$ | 3,802,739 | $ | 2,622,243 | $ | 63,755,117 | $ | 62,965,790 | ||||||||
|
|
310 |
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 Switzerland ETF | Franklin FTSE Taiwan ETF | |||||||||||||||
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, 2021 |
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, 2021 |
|||||||||||||
Increase (decrease) in net assets: |
||||||||||||||||
Operations: |
||||||||||||||||
Net investment income |
$ | 634,148 | $ | 1,009,318 | $ | 949,704 | $ | 464,971 | ||||||||
Net realized gain (loss) |
3,485,737 | 1,987,339 | (29,461 | ) | 42,691 | |||||||||||
Net change in unrealized appreciation (depreciation) |
885,715 | 5,484,279 | 1,735,599 | 10,935,848 | ||||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets resulting from operations |
5,005,600 | 8,480,936 | 2,655,842 | 11,443,510 | ||||||||||||
|
|
|||||||||||||||
Distributions to shareholders: (Note 1f) |
(1,061,682 | ) | (943,297 | ) | (52,042 | ) | (471,993 | ) | ||||||||
|
|
|||||||||||||||
Capital share transactions: (Note 2) |
(13,817,500 | ) | 6,819,576 | 8,414,005 | 8,019,492 | |||||||||||
|
|
|||||||||||||||
Net increase (decrease) in net assets |
(9,873,582 | ) | 14,357,215 | 11,017,805 | 18,991,009 | |||||||||||
Net assets: |
||||||||||||||||
Beginning of period |
48,569,748 | 34,212,533 | 32,896,839 | 13,905,830 | ||||||||||||
|
|
|||||||||||||||
End of Period |
$ | 38,696,166 | $ | 48,569,748 | $ | 43,914,644 | $ | 32,896,839 | ||||||||
|
|
franklintempleton.com |
The accompanying notes are an integral part of these financial statements. | Semiannual Report |
311 |
FRANKLIN TEMPLETON ETF TRUST
FINANCIAL STATEMENTS
Statements of Changes in Net Assets (continued)
Franklin FTSE United Kingdom ETF | ||||||||
Six Months Ended September 30, 2021 (unaudited) |
Year Ended March 31, 2021 |
|||||||
Increase (decrease) in net assets: |
||||||||
Operations: |
||||||||
Net investment income |
$ | 5,835,845 | $ | 4,203,945 | ||||
Net realized gain (loss) |
(1,147,876 | ) | (6,238,675 | ) | ||||
Net change in unrealized appreciation (depreciation) |
2,647,032 | 30,968,158 | ||||||
|
|
|||||||
Net increase (decrease) in net assets resulting from operations |
7,335,001 | 28,933,428 | ||||||
|
|
|||||||
Distributions to shareholders: (Note 1f) |
(3,884,385 | ) | (2,701,500 | ) | ||||
|
|
|||||||
Capital share transactions: (Note 2) |
127,686,209 | 89,816,466 | ||||||
|
|
|||||||
Net increase (decrease) in net assets |
131,136,825 | 116,048,394 | ||||||
Net assets: |
||||||||
Beginning of period |
205,672,578 | 89,624,184 | ||||||
|
|
|||||||
End of Period |
$ | 336,809,403 | $ | 205,672,578 | ||||
|
|
312 |
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 forty-five separate funds, twenty-three of which are included in this report (Funds) and applies the specialized accounting and reporting guidance in U.S. Generally Accepted Accounting Principles (U.S. GAAP). 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.
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 as of 4 p.m. Eastern time each day the New York Stock Exchange (NYSE) is open for trading. Under compliance policies and procedures approved by the Trust’s Board of Trustees (the Board), the Funds’ administrator has responsibility for oversight of valuation, 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 Fund. 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 Fund’s portfolio securities to the latest indications of fair value at 4 p.m. Eastern time on September 30, 2021. At September 30, 2021, 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”).
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
franklintempleton.com |
Semiannual Report |
313 |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
1. Organization and Significant Accounting Policies (continued)
a. Financial Instrument Valuation (continued)
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 Fund 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.
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
314 | 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)
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 8 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 Fund’s policy to qualify as a regulated investment company under the Internal Revenue Code. Each Fund intends 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, certain or all Funds record 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, 2021, each Fund has determined that no tax liability is required in its financial statements related to uncertain tax positions for 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 Fund invests.
f. Security Transactions, Investment Income, Expenses and Distributions
Security transactions are accounted for on trade date. Realized gains and losses on security transactions are
franklintempleton.com |
Semiannual Report |
315 |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
1. Organization and Significant Accounting Policies (continued)
f. Security Transactions, Investment Income, Expenses and Distributions (continued)
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. 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 Fund that
incurred the expense. These expenses are paid by the Funds or by the investment manager, as applicable, according to the terms of the unified management fee agreement.
g. Accounting Estimates
The preparation of financial statements 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.
2. Shares of Beneficial Interest
Shares of the Funds are 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.
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FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
2. Shares of Beneficial Interest (continued)
At September 30, 2021, 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, 2021 |
Year Ended March 31, 2021 |
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
Shares sold |
— | $ | (651 | ) | 400,000 | $ | 12,605,123 | |||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
— | $ | (651 | ) | 400,000 | $ | 12,605,123 | |||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE Australia ETF | ||||||||||||||||||||
Six Months Ended September 30, 2021 |
Year Ended March 31, 2021 |
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
Shares sold |
— | $ | — | 500,000 | $ | 11,932,219 | ||||||||||||||
Shares redeemed |
— | — | (150,000 | ) | (3,448,944 | ) | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
— | $ | — | 350,000 | $ | 8,483,275 | ||||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE Brazil ETF | ||||||||||||||||||||
Six Months Ended September 30, 2021 |
Year Ended March 31, 2021 |
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
Shares sold |
5,200,000 | $ | 131,387,280 | 600,000 | $ | 12,225,064 | ||||||||||||||
Shares redeemed |
(300,000 | ) | (6,711,749 | ) | (2,500,000 | ) | (49,972,980 | ) | ||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
4,900,000 | $ | 124,675,531 | (1,900,000 | ) | $ | (37,747,916 | ) | ||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE Canada ETF | ||||||||||||||||||||
Six Months Ended September 30, 2021 |
Year Ended March 31, 2021 |
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
Shares sold |
50,000 | $ | 1,585,234 | 550,000 | $ | 15,691,933 | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
50,000 | $ | 1,585,234 | 550,000 | $ | 15,691,933 | ||||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE China ETF | ||||||||||||||||||||
Six Months Ended September 30, 2021 |
Year Ended March 31, 2021 |
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
Shares sold |
1,200,000 | $ | 36,181,820 | 1,800,000 | $ | 58,841,102 | ||||||||||||||
Shares redeemed |
(200,000 | ) | (6,446,795 | ) | (200,000 | ) | (4,906,711 | ) | ||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
1,000,000 | $ | 29,735,025 | 1,600,000 | $ | 53,934,391 | ||||||||||||||
|
|
franklintempleton.com |
Semiannual Report |
317 |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
2. Shares of Beneficial Interest (continued)
Franklin FTSE Europe ETF | ||||||||||||||||||||
Six Months Ended September 30, 2021 |
Year Ended March 31, 2021 |
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
Shares sold |
— | $ | 57 | 5,200,000 | $ | 101,611,880 | ||||||||||||||
Shares redeemed |
(1,600,000 | ) | (47,646,890 | ) | (1,600,000 | ) | (38,572,665 | ) | ||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
(1,600,000 | ) | $ | (47,646,833 | ) | 3,600,000 | $ | 63,039,215 | ||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE Europe Hedged ETF | ||||||||||||||||||||
Six Months Ended September 30, 2021 |
Year Ended March 31, 2021 |
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
Shares sold |
— | $ | — | 400,000 | $ | 9,846,602 | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
— | $ | — | 400,000 | $ | 9,846,602 | ||||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE France ETF | ||||||||||||||||||||
Six Months Ended September 30, 2021 |
Year Ended March 31, 2021 |
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
Shares sold |
100,000 | $ | 3,120,862 | — | $ | — | ||||||||||||||
Shares redeemed |
— | — | (200,000 | ) | (4,055,531 | ) | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
100,000 | $ | 3,120,862 | (200,000 | ) | $ | (4,055,531 | ) | ||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE Germany ETF | ||||||||||||||||||||
Six Months Ended September 30, 2021 |
Year Ended March 31, 2021 |
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
Shares sold |
150,000 | $ | 3,988,190 | 150,000 | $ | 3,514,675 | ||||||||||||||
Shares redeemed |
— | — | (50,000 | ) | (1,158,283 | ) | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
150,000 | $ | 3,988,190 | 100,000 | $ | 2,356,392 | ||||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE Hong Kong ETF | ||||||||||||||||||||
Six Months Ended September 30, 2021 |
Year Ended March 31, 2021 |
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
Shares sold |
— | $ | — | (150,000 | ) | $ | (3,730,050 | ) | ||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
— | $ | — | (150,000 | ) | $ | (3,730,050 | ) | ||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE India ETF | ||||||||||||||||||||
Six Months Ended September 30, 2021 |
Year Ended March 31, 2021 |
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
Shares sold |
300,000 | $ | 9,271,514 | 350,000 | $ | 9,485,085 | ||||||||||||||
Shares redeemed |
— | — | (50,000 | ) | (891,851 | ) | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
300,000 | $ | 9,271,514 | 300,000 | $ | 8,593,234 | ||||||||||||||
|
|
318 | Semiannual Report | franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
2. Shares of Beneficial Interest (continued)
Franklin FTSE Japan ETF | ||||||||||||||||||||
Six Months Ended September 30, 2021 |
Year Ended March 31, 2021 |
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
Shares sold |
4,200,000 | $ | 129,437,983 | 7,800,000 | $ | 210,140,358 | ||||||||||||||
Shares redeemed |
(1,800,000 | ) | (54,828,414 | ) | (2,400,000 | ) | (72,663,742 | ) | ||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
2,400,000 | $ | 74,609,569 | 5,400,000 | $ | 137,476,616 | ||||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE Japan Hedged ETF | ||||||||||||||||||||
Six Months Ended September 30, 2021 |
Year Ended March 31, 2021 |
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
Shares sold |
— | $ | — | 600,000 | $ | 18,420,312 | ||||||||||||||
Shares redeemed |
(400,000 | ) | (12,142,770 | ) | — | — | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
(400,000 | ) | $ | (12,142,770 | ) | 600,000 | $ | 18,420,312 | ||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE Latin America ETF | ||||||||||||||||||||
Six Months Ended September 30, 2021 |
Year Ended March 31, 2021 |
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
Shares sold |
— | $ | — | 100,000 | $ | 2,191,582 | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
— | $ | — | 100,000 | $ | 2,191,582 | ||||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE Mexico ETF | ||||||||||||||||||||
Six Months Ended September 30, 2021 |
Year Ended March 31, 2021 |
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
Shares sold |
200,000 | $ | 4,861,121 | 50,000 | $ | 888,685 | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
200,000 | $ | 4,861,121 | 50,000 | $ | 888,685 | ||||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE Russia ETF | ||||||||||||||||||||
Six Months Ended September 30, 2021 |
Year Ended March 31, 2021 |
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
Shares sold |
200,000 | $ | 5,715,044 | 100,000 | $ | 2,631,824 | ||||||||||||||
Shares redeemed |
— | — | (400,000 | ) | (9,485,177 | ) | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
200,000 | $ | 5,715,044 | (300,000 | ) | $ | (6,853,353 | ) | ||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE South Africa ETF | ||||||||||||||||||||
Six Months Ended September 30, 2021 |
Year Ended March 31, 2021 |
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
Shares sold |
50,000 | $ | 1,266,242 | — | $ | — | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
50,000 | $ | 1,266,242 | — | $ | — | ||||||||||||||
|
|
franklintempleton.com |
Semiannual Report |
319 |
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, 2021 |
Year Ended March 31, 2021 |
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
Shares sold |
300,000 | $ | 9,771,432 | 1,300,000 | $ | 37,207,699 | ||||||||||||||
Shares redeemed |
(100,000 | ) | (2,894,341 | ) | — | — | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
200,000 | $ | 6,877,091 | 1,300,000 | $ | 37,207,699 | ||||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE Switzerland ETF | ||||||||||||||||||||
Six Months Ended September 30, 2021 |
Year Ended March 31, 2021 |
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
Shares sold |
100,000 | $ | 3,424,818 | 1,000,000 | $ | 30,006,453 | ||||||||||||||
Shares redeemed |
(500,000 | ) | (17,242,318 | ) | (800,000 | ) | (23,186,877 | ) | ||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
(400,000 | ) | $ | (13,817,500 | ) | 200,000 | $ | 6,819,576 | ||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE Taiwan ETF | ||||||||||||||||||||
Six Months Ended September 30, 2021 |
Year Ended March 31, 2021 |
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
Shares sold |
200,000 | $ | 8,414,005 | 200,000 | $ | 8,019,492 | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
200,000 | $ | 8,414,005 | 200,000 | $ | 8,019,492 | ||||||||||||||
|
|
|||||||||||||||||||
Franklin FTSE United Kingdom ETF | ||||||||||||||||||||
Six Months Ended September 30, 2021 |
Year Ended March 31, 2021 |
|||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
Shares sold |
5,050,000 | $ | 127,686,209 | 5,250,000 | $ | 119,960,341 | ||||||||||||||
Shares redeemed |
— | — | (1,600,000 | ) | (30,143,875 | ) | ||||||||||||||
|
|
|||||||||||||||||||
Net increase (decrease) |
5,050,000 | $ | 127,686,209 | 3,650,000 | $ | 89,816,466 | ||||||||||||||
|
|
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) (formerly Franklin Templeton Distributors, Inc.) |
Principal underwriter |
a. Management Fees
The Funds pay a unified management fee to Advisers whereby Advisers has agreed to reimburse the Funds’ acquired fund fee and expenses (if any) and pay all of the ordinary operating expenses of the Funds, including custody, transfer agency, and
320 | Semiannual Report | franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
3. Transactions with Affiliates (continued)
a. Management Fees (continued)
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 fees are based on the daily net assets of each of the Funds as follows:
Annualized 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 Europe Hedged 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 Russia 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 Advisers, FT Services provides administrative services to the Funds. The fee is paid by Advisers based on the Funds’ average daily net assets, and is not an additional expense of the Funds.
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
franklintempleton.com |
Semiannual Report |
321 |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
3. Transactions with Affiliates (continued)
c. Investments in Affiliated Management Investment Companies (continued)
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, 2021, investments in affiliated management investment companies were as follows:
Value at Beginning of Period |
Purchases | Sales | Realized Gain (Loss) |
Net Change in Unrealized Appreciation (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 0.01% |
$ | 58,810 | $ | 1,334,991 | $ | (1,301,350 | ) | $ | — | $ | — | $ | 92,451 | 92,451 | $ | — | ||||||||||||||||
Franklin FTSE China ETF | ||||||||||||||||||||||||||||||||
Non-Controlled Affiliates | Income from securities loaned | |||||||||||||||||||||||||||||||
Institutional Fiduciary Trust Money Market Portfolio 0.01% |
$ | 517,219 | $ | 11,455,029 | $ | (11,292,348 | ) | $ | — | $ | — | $ | 679,900 | 679,900 | $ | 39 | ||||||||||||||||
Franklin FTSE Europe ETF | ||||||||||||||||||||||||||||||||
Non-Controlled Affiliates | Income from securities loaned | |||||||||||||||||||||||||||||||
Institutional Fiduciary Trust Money Market Portfolio 0.01% |
$ | 64,200 | $ | 241,080 | $ | (305,280 | ) | $ | — | $ | — | $ | — | — | $ | — | ||||||||||||||||
Franklin FTSE Europe Hedged ETF | ||||||||||||||||||||||||||||||||
Non-Controlled Affiliates | Dividend Income | |||||||||||||||||||||||||||||||
Institutional Fiduciary Trust Money Market Portfolio 0.01% |
$ | 157,303 | $ | 255,345 | $ | (404,048 | ) | $ | — | $ | — | $ | 8,600 | 8,600 | $ | — | ||||||||||||||||
Franklin FTSE Japan ETF | ||||||||||||||||||||||||||||||||
Non-Controlled Affiliates | Dividend Income | |||||||||||||||||||||||||||||||
Institutional Fiduciary Trust Money Market Portfolio 0.01% |
$ | 292,353 | $ | 11,439,989 | $ | (11,374,595 | ) | $ | — | $ | — | $ | 357,746 | 357,746 | $ | — | ||||||||||||||||
Non-Controlled Affiliates | Income from securities loaned | |||||||||||||||||||||||||||||||
Institutional Fiduciary Trust Money Market Portfolio 0.01% |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | — | $ | — | |||||||||||||||||
|
|
|||||||||||||||||||||||||||||||
Total Affiliated Securities |
$ | 292,353 | $ | 11,439,989 | $ | (11,374,595 | ) | $ | — | $ | — | $ | 357,746 | 357,746 | $ | — | ||||||||||||||||
|
|
|||||||||||||||||||||||||||||||
Franklin FTSE Japan Hedged ETF | ||||||||||||||||||||||||||||||||
Non-Controlled Affiliates | Dividend Income | |||||||||||||||||||||||||||||||
Institutional Fiduciary Trust Money Market Portfolio 0.01% |
$ | 13,379 | $ | 432,842 | $ | (427,027 | ) | $ | — | $ | — | $ | 19,193 | 19,193 | $ | — | ||||||||||||||||
Franklin FTSE South Korea ETF | ||||||||||||||||||||||||||||||||
Non-Controlled Affiliates | Income from securities loaned | |||||||||||||||||||||||||||||||
Institutional Fiduciary Trust Money Market Portfolio 0.01% |
$ | — | $ | 1,276,974 | $ | (1,276,974 | ) | $ | — | $ | — | $ | — | — | $ | — | ||||||||||||||||
Franklin FTSE United Kingdom ETF | ||||||||||||||||||||||||||||||||
Non-Controlled Affiliates | Income from securities loaned | |||||||||||||||||||||||||||||||
Institutional Fiduciary Trust Money Market Portfolio 0.01% |
$ | 230,050 | $ | 685,049 | $ | (697,519 | ) | $ | — | $ | — | $ | 217,580 | 217,580 | $ | 8 |
322 | Semiannual Report | franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
3. Transactions with Affiliates (continued)
d. Other Affiliated Transactions
At September 30, 2021, the shares of the Funds were owned by the following entities:
Funds | Shares | Percentage of Outstanding Sharesa |
||||||
Franklin FTSE Europe ETF | ||||||||
Franklin Moderate Allocation Fund |
437,388 | 6.4% | ||||||
Franklin Growth Allocation Fund |
422,897 | 6.2% | ||||||
Franklin 529 Portfolios |
4,755,817 | 69.9% | ||||||
|
|
|||||||
5,616,102 | 82.6% | |||||||
|
|
|||||||
Franklin FTSE Canada ETF |
||||||||
Franklin Resources Inc. |
77,000 | 9.1% | ||||||
|
|
|||||||
Franklin FTSE Europe Hedged ETF |
||||||||
Franklin Resources Inc. |
35,000 | 5.8% | ||||||
|
|
|||||||
Franklin FTSE Saudi Arabia ETF |
||||||||
Franklin Resources Inc |
46,000 | 46.0% | ||||||
|
|
|||||||
Franklin FTSE South Africa ETF |
||||||||
Franklin Resources Inc. |
26,000 | 17.3% | ||||||
|
|
|||||||
Franklin FTSE Switzerland ETF |
||||||||
Franklin Resources Inc. |
95,000 | 7.9% | ||||||
|
|
|||||||
Franklin FTSE Italy ETF |
||||||||
Franklin Resources Inc. |
14,000 | 9.3% | ||||||
|
|
|||||||
Franklin FTSE Japan ETF |
||||||||
Franklin 529 Portfolios |
2,843,482 | 12.8% | ||||||
|
|
|||||||
Franklin FTSE United Kingdom ETF |
||||||||
Franklin Resources Inc. |
3,435,000 | 25.1% | ||||||
Franklin Managed Income Fund |
1,250,000 | 9.1% | ||||||
|
|
|||||||
4,685,000 | 34.2% | |||||||
|
|
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, 2021, the capital loss carryforwards were as follows:
Franklin FTSE Asia ex Japan ETF |
Franklin FTSE Australia ETF |
Franklin FTSE Brazil ETF |
Franklin FTSE Canada ETF |
|||||||||||||
Capital loss carryforwards not subject to expiration: | ||||||||||||||||
Long term |
$ | 674,816 | $ | 272,671 | $ | 5,352,471 | $ | 122,400 | ||||||||
Short term |
167,167 | — | 33,013,506 | 67,109 | ||||||||||||
|
|
|||||||||||||||
Total capital loss carryforwards |
$ | 841,983 | $ | 272,671 | $ | 38,365,977 | $ | 189,509 | ||||||||
|
|
franklintempleton.com |
Semiannual Report |
323 |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
4. Income Taxes (continued)
Franklin FTSE China ETF |
Franklin FTSE Europe ETF |
Franklin FTSE Europe Hedged ETF |
Franklin FTSE France ETF |
|||||||||||||
Capital loss carryforwards not subject to expiration: | ||||||||||||||||
Long term |
$ | 4,744,973 | $ | 2,725,698 | $ | 304,140 | $ | 56,202 | ||||||||
Short term |
665,807 | 271,736 | 262,548 | 16,219 | ||||||||||||
|
|
|||||||||||||||
Total capital loss carryforwards |
$ | 5,410,780 | $ | 2,997,434 | $ | 566,688 | * | $ | 72,421 | |||||||
|
|
|||||||||||||||
*Includes short term $262,548 and long term $134,962 capital loss carryforwards respectively from an ownership change on the Franklin FTSE Europe Hedged ETF Fund, which may be carried over to offset future capital gains, subject to certain loss limitations.
|
| |||||||||||||||
Franklin FTSE Germany ETF |
Franklin FTSE Hong Kong ETF |
Franklin FTSE India ETF |
Franklin FTSE Italy ETF |
|||||||||||||
Capital loss carryforwards not subject to expiration: | ||||||||||||||||
Long term |
$ | 200,120 | $ | 281,338 | $ | 900,931 | $ | 272,988 | ||||||||
Short term |
52,664 | — | 108,428 | — | ||||||||||||
|
|
|||||||||||||||
Total capital loss carryforwards |
$ | 252,784 | $ | 281,338 | $ | 1,009,359 | $ | 272,988 | ||||||||
|
|
|||||||||||||||
Franklin FTSE Japan ETF |
Franklin FTSE Japan Hedged ETF |
Franklin FTSE Latin America ETF |
Franklin FTSE Mexico ETF |
|||||||||||||
Capital loss carryforwards not subject to expiration: | ||||||||||||||||
Long term |
$ | 4,327,223 | $ | — | $ | 96,064 | $ | 514,888 | ||||||||
Short term |
— | 478,757 | 11,678 | 40,089 | ||||||||||||
|
|
|||||||||||||||
Total capital loss carryforwards |
$ | 4,327,223 | $ | 478,757 | $ | 107,742 | $ | 554,977 | ||||||||
|
|
|||||||||||||||
Franklin FTSE Russia ETF |
Franklin FTSE Saudi Arabia ETF |
Franklin FTSE South Africa ETF |
Franklin FTSE South Korea ETF |
|||||||||||||
Capital loss carryforwards not subject to expiration: | ||||||||||||||||
Long term |
$ | 313,403 | $ | 33,928 | $ | 175,862 | $ | 1,848,703 | ||||||||
Short term |
155,543 | 10,784 | 19,349 | 829,396 | ||||||||||||
|
|
|||||||||||||||
Total capital loss carryforwards |
$ | 468,946 | $ | 44,712 | $ | 195,211 | $ | 2,678,099 | ||||||||
|
|
|||||||||||||||
During the year ended March 31, 2021, Franklin FTSE Saudi Arabia EFT utilized $13,252 as capital loss carryforward.
|
| |||||||||||||||
Franklin FTSE Switzerland ETF |
Franklin FTSE Taiwan ETF |
Franklin FTSE United Kingdom ETF |
||||||||||||||
Capital loss carryforwards not subject to expiration: | ||||||||||||||||
Long term |
$ | 137,486 | $ | 24,172 | $ | 2,181,372 | ||||||||||
Short term |
170,115 | 10,135 | 1,093,024 | |||||||||||||
|
|
|||||||||||||||
Total capital loss carryforwards |
$ | 307,601 | $ | 34,307 | $ | 3,274,396 | ||||||||||
|
|
324 | Semiannual Report | franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
4. Income Taxes (continued)
For tax purposes, the Funds may elect to defer any portion of a post-October capital loss or late-year ordinary loss to the first day of the following fiscal year. At March 31, 2021, the deferred losses were as follows:
Franklin FTSE China ETF |
Franklin FTSE Europe Hedged ETF |
|||||||||||||||
Late-year ordinary losses |
$ | (16,526 | ) | $ | (52,163 | ) | ||||||||||
At September 30, 2021, the cost of investments, net unrealized appreciation (depreciation) and undistributed ordinary income for income tax purposes were as follows:
|
| |||||||||||||||
Franklin FTSE Asia ex Japan ETF |
Franklin FTSE Australia ETF |
Franklin FTSE Brazil ETF |
Franklin FTSE Canada ETF |
|||||||||||||
Cost of investments |
$ | 30,635,671 | $ | 20,947,807 | $ | 251,836,323 | $ | 23,681,181 | ||||||||
|
|
|||||||||||||||
Unrealized appreciation |
$ | 5,703,158 | $ | 3,501,675 | $ | 3,602,808 | $ | 4,009,141 | ||||||||
Unrealized depreciation |
(3,873,067 | ) | (705,751 | ) | (56,578,883 | ) | (258,657 | ) | ||||||||
|
|
|||||||||||||||
Net unrealized appreciation (depreciation) |
$ | 1,830,091 | $ | 2,795,924 | $ | (52,976,075 | ) | $ | 3,750,484 | |||||||
|
|
|||||||||||||||
Franklin FTSE China ETF |
Franklin FTSE Europe ETF |
Franklin FTSE Europe Hedged ETF |
Franklin FTSE France ETF |
|||||||||||||
Cost of investments |
$ | 36,138,971 | $ | 156,241,384 | $ | 15,173,117 | $ | 9,996,682 | ||||||||
|
|
|||||||||||||||
Unrealized appreciation |
$ | 12,397,202 | $ | 41,597,198 | $ | 1,914,255 | $ | 1,100,929 | ||||||||
Unrealized depreciation |
(20,058,552 | ) | (6,567,222 | ) | (647,381 | ) | (567,445 | ) | ||||||||
|
|
|||||||||||||||
Net unrealized appreciation (depreciation) |
$ | (7,661,350 | ) | $ | 35,029,976 | $ | 1,266,874 | $ | 533,484 | |||||||
|
|
|||||||||||||||
Franklin FTSE Germany ETF |
Franklin FTSE Hong Kong ETF |
Franklin FTSE India ETF |
Franklin FTSE Italy ETF |
|||||||||||||
Cost of investments |
$ | 12,040,319 | $ | 15,183,311 | $ | 28,596,485 | $ | 3,406,936 | ||||||||
|
|
|||||||||||||||
Unrealized appreciation |
$ | 1,302,481 | $ | 2,607,588 | $ | 10,198,220 | $ | 750,345 | ||||||||
Unrealized depreciation |
(509,801 | ) | (2,422,036 | ) | (154,714 | ) | (139,785 | ) | ||||||||
|
|
|||||||||||||||
Net unrealized appreciation (depreciation) |
$ | 792,680 | $ | 185,552 | $ | 10,043,506 | $ | 610,560 | ||||||||
|
|
|||||||||||||||
Franklin FTSE Japan ETF |
Franklin FTSE Japan Hedged ETF |
Franklin FTSE Latin America ETF |
Franklin FTSE Mexico ETF |
|||||||||||||
Cost of investments |
$ | 633,706,426 | $ | 13,459,345 | $ | 4,688,111 | $ | 9,962,232 | ||||||||
|
|
|||||||||||||||
Unrealized appreciation |
$ | 79,713,888 | $ | 583,523 | $ | 283,111 | $ | 1,091,777 | ||||||||
Unrealized depreciation |
(30,533,959 | ) | (1,303,682 | ) | (587,041 | ) | (135,783 | ) | ||||||||
|
|
|||||||||||||||
Net unrealized appreciation (depreciation) |
$ | 49,179,929 | $ | (720,159 | ) | $ | (303,930 | ) | $ | 955,994 | ||||||
|
|
franklintempleton.com |
Semiannual Report |
325 |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
4. Income Taxes (continued)
Franklin FTSE Russia ETF |
Franklin FTSE Saudi Arabia ETF |
Franklin FTSE South Africa ETF |
Franklin FTSE South Korea ETF |
|||||||||||||
Cost of investments |
$ | 16,075,874 | $ | 2,476,821 | $ | 3,453,981 | $ | 59,164,636 | ||||||||
|
|
|||||||||||||||
Unrealized appreciation |
$ | 4,100,702 | $ | 1,081,907 | $ | 488,500 | $ | 6,857,782 | ||||||||
Unrealized depreciation |
(170,788 | ) | (5,060 | ) | (141,876 | ) | (2,334,485 | ) | ||||||||
|
|
|||||||||||||||
Net unrealized appreciation (depreciation) |
$ | 3,929,914 | $ | 1,076,847 | $ | 346,624 | $ | 4,523,297 | ||||||||
|
|
|||||||||||||||
Franklin FTSE Switzerland ETF |
Franklin FTSE Taiwan ETF |
Franklin FTSE United Kingdom ETF |
||||||||||||||
Cost of investments |
$ | 36,102,602 | $ | 31,478,353 | $ | 330,809,145 | ||||||||||
|
|
|||||||||||||||
Unrealized appreciation |
$ | 3,220,742 | $ | 12,715,375 | $ | 16,666,577 | ||||||||||
Unrealized depreciation |
(1,122,129 | ) | (366,577 | ) | (12,865,424 | ) | ||||||||||
|
|
|||||||||||||||
Net unrealized appreciation (depreciation) |
$ | 2,098,613 | $ | 12,348,798 | $ | 3,801,153 | ||||||||||
|
|
Differences between income and/or capital gains as determined on a book basis and a tax basis are primarily due to differing treatment of foreign currency transactions, financial futures transactions, passive foreign investment company shares and wash sales.
5. Investment Transactions
Purchases and sales of investments (excluding short term securities and in-kind transactions, if any) for the period ended September 30, 2021, were as follows:
Franklin FTSE Asia ex Japan ETF |
Franklin FTSE Australia ETF |
Franklin FTSE Brazil ETF |
Franklin FTSE Canada ETF |
|||||||||||||
Purchases |
$ | 2,034,824 | $ | 990,841 | $ | 149,835,648 | $ | 666,872 | ||||||||
Sales |
$ | 1,620,131 | $ | 785,497 | $ | 23,426,883 | $ | 574,549 | ||||||||
Franklin FTSE China ETF |
Franklin FTSE Europe ETF |
Franklin FTSE Europe Hedged ETF |
Franklin FTSE France ETF |
|||||||||||||
Purchases |
$ | 41,164,347 | $ | 6,156,973 | $ | 1,386,741 | $ | 439,887 | ||||||||
Sales |
$ | 9,418,713 | $ | 7,523,576 | $ | 905,600 | $ | 277,717 | ||||||||
Franklin FTSE Germany ETF |
Franklin FTSE Hong Kong ETF |
Franklin FTSE India ETF |
Franklin FTSE Italy ETF |
|||||||||||||
Purchases |
$ | 422,184 | $ | 1,030,151 | $ | 10,627,056 | $ | 344,339 | ||||||||
Sales |
$ | 436,247 | $ | 896,569 | $ | 1,484,345 | $ | 326,829 |
326 | Semiannual Report | franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
5. Investment Transactions (continued)
Franklin FTSE Japan ETF |
Franklin FTSE Japan Hedged ETF |
Franklin FTSE Latin America ETF |
Franklin FTSE Mexico ETF |
|||||||||||||
Purchases |
$ | 12,740,173 | $ | 1,088,653 | $ | 571,534 | $ | 833,064 | ||||||||
Sales |
$ | 12,971,961 | $ | 684,309 | $ | 504,854 | $ | 790,961 | ||||||||
Franklin FTSE Russia ETF |
Franklin FTSE Saudi Arabia ETF |
Franklin FTSE South Africa ETF |
Franklin FTSE South Korea ETF |
|||||||||||||
Purchases |
$ | 2,768,997 | $ | 270,100 | $ | 456,869 | $ | 12,874,782 | ||||||||
Sales |
$ | 2,231,369 | $ | 253,531 | $ | 430,561 | $ | 5,745,167 | ||||||||
Franklin FTSE Switzerland ETF |
Franklin FTSE Taiwan ETF |
Franklin FTSE United Kingdom ETF |
||||||||||||||
Purchases |
$ | 1,915,176 | $ | 10,491,643 | $ | 13,320,098 | ||||||||||
Sales |
$ | 2,647,580 | $ | 1,226,013 | $ | 7,465,087 | ||||||||||
In-kind transactions associated with creation and redemptions for the period ended September 30, 2021, 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 |
$ | — | $ | — | $ | — | $ | 1,581,707 | ||||||||
Value of Securities Delivereda |
$ | — | $ | — | $ | — | $ | — | ||||||||
Franklin FTSE China ETF |
Franklin FTSE Europe ETF |
Franklin FTSE Europe Hedged ETF |
Franklin FTSE France ETF |
|||||||||||||
Cost of Securities Received |
$ | 4,909,935 | $ | — | $ | — | $ | 3,114,402 | ||||||||
Value of Securities Delivereda |
$ | 5,410,246 | $ | 46,960,441 | $ | — | $ | — | ||||||||
Franklin FTSE Germany ETF |
Franklin FTSE Hong Kong ETF |
Franklin FTSE India ETF |
Franklin FTSE Italy ETF |
|||||||||||||
Cost of Securities Received |
$ | 3,981,705 | $ | — | $ | — | $ | — | ||||||||
Value of Securities Delivereda |
$ | — | $ | — | $ | — | $ | — | ||||||||
Franklin FTSE Japan ETF |
Franklin FTSE Japan Hedged ETF |
Franklin FTSE Latin America ETF |
Franklin FTSE Mexico ETF |
|||||||||||||
Cost of Securities Received |
$ | 127,744,274 | $ | — | $ | — | $ | 4,855,477 | ||||||||
Value of Securities Delivereda |
$ | 53,699,020 | $ | 12,013,260 | $ | — | $ | — |
franklintempleton.com |
Semiannual Report |
327 |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
5. Investment Transactions (continued)
Franklin FTSE Russia ETF |
Franklin FTSE Saudi Arabia ETF |
Franklin FTSE South Africa ETF |
Franklin FTSE South Korea ETF |
|||||||||||||
Cost of Securities Received |
$ | 5,707,011 | $ | — | $ | 1,265,445 | $ | — | ||||||||
Value of Securities Delivereda |
$ | — | $ | — | $ | — | $ | — | ||||||||
Franklin FTSE Switzerland ETF |
Franklin FTSE Taiwan ETF |
Franklin FTSE United Kingdom ETF |
||||||||||||||
Cost of Securities Received |
$ | 3,378,489 | $ | — | $ | 124,001,392 | ||||||||||
Value of Securities Delivereda |
$ | 16,959,884 | $ | — | $ | — |
aRealized gains and losses from in-kind redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.
At September 30, 2021, in connection with securities lending transactions, certain or all Funds loaned investments and received cash collateral as follows:
Franklin FTSE Asia ex Japan ETF |
Franklin FTSE China ETF |
Franklin FTSE United Kingdom ETF |
||||||||||
Securities lending transactionsa: | ||||||||||||
Equity investmentsb |
$ | 92,541 | $ | 679,900 | $ | 217,580 | ||||||
|
|
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.
The United States and other nations have imposed and could impose additional sanctions on certain issuers in Russia due to regional conflicts. These sanctions could result in the devaluation of Russia’s currency, a downgrade in Russian issuers’ credit ratings, or a decline in the value and liquidity of Russian stocks or other securities. Such sanctions could also adversely affect Russia’s economy. Certain or all Funds may be prohibited from investing in securities issued by companies subject to such sanctions. In addition, if the Fund holds the securities of an issuer that is subject to such sanctions, an immediate freeze of that issuer’s securities could result, impairing the ability of the Fund to buy, sell, receive or deliver those securities. There is also the risk that countermeasures could be taken by Russia’s government, which could involve the seizure of the Fund’s assets. These risks could affect the value of the Funds’ portfolio. While the Funds hold securities of certain issuers recently impacted by the sanctions, existing investments do not presently violate the applicable terms and conditions of the sanctions. The sanctions currently do not affect the Funds’ ability to sell these securities. At September 30, 2021, Franklin FTSE Russia ETF had 99.9% of its net assets invested in Russia. The remaining Funds in the Trust did not have significant investment in Russia.
328 | Semiannual Report | franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
7. Novel Coronavirus Pandemic
The global outbreak of the novel coronavirus disease, known as COVID-19, has caused adverse effects on many companies, sectors, nations, regions and the markets in general, and may continue for an unpredictable duration. The effects of this pandemic may materially impact the value and performance of the Funds, their ability to buy and sell fund investments at appropriate valuations and their ability to achieve their investment objectives.
8. Other Derivative Information
At September 30, 2021, the Funds’ investments in derivative contracts are reflected in the Statements of Assets 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 Contacts |
Variation margin on futures contracts |
$ | — |
Variation margin on futures contracts |
$ | 1,761 | a | |||||
|
|
|
|
|||||||||
Totals |
$ | — | $ | 1,761 | ||||||||
|
|
|
|
|||||||||
Franklin FTSE Brazil ETF | ||||||||||||
Equity Contacts |
Variation margin on futures contracts |
$ | — |
Variation margin on futures contracts |
$ | 109,145 | a | |||||
|
|
|
|
|||||||||
Totals |
$ | — | $ | 109,145 | ||||||||
|
|
|
|
|||||||||
Franklin FTSE China ETF | ||||||||||||
Equity Contacts |
Variation margin on futures contracts |
$ | — |
Variation margin on futures contracts |
$ | 9,026 | a | |||||
|
|
|
|
|||||||||
Totals |
$ | — | $ | 9,026 | ||||||||
|
|
|
|
|||||||||
Franklin FTSE Europe ETF | ||||||||||||
Equity Contacts |
Variation margin on futures contracts |
$ | — |
Variation margin on futures contracts |
$ | 1,962 | a | |||||
|
|
|
|
|||||||||
Totals |
$ | — | $ | 1,962 | ||||||||
|
|
|
|
|||||||||
Franklin FTSE Europe Hedge ETF | ||||||||||||
Foreign exchange contracts |
Unrealized appreciation on OTC forward exchange contracts |
$ | 317,897 |
Unrealized depreciation on OTC forward exchange contracts |
$ | 256 | ||||||
Equity contracts |
Variation margin on futures contracts |
— |
Variation margin on futures contracts |
$ | 1,259 | a | ||||||
|
|
|
|
|||||||||
Totals |
$ | 317,897 | $ | 1,515 | ||||||||
|
|
|
|
|||||||||
Franklin FTSE Germany ETF | ||||||||||||
Equity Contacts |
Variation margin on futures contracts |
$ | — |
Variation margin on futures contracts |
$ | 466 | a | |||||
|
|
|
|
|||||||||
Totals |
$ | — | $ | 466 | ||||||||
|
|
|
|
|||||||||
Franklin FTSE Hong Kong ETF | ||||||||||||
Equity Contacts |
Variation margin on futures contracts |
$ | 53 | a |
Variation margin on futures contracts |
$ | — | |||||
|
|
|
|
|||||||||
Totals |
$ | 53 | $ | — | ||||||||
|
|
|
|
|||||||||
Franklin FTSE India ETF | ||||||||||||
Equity Contacts |
Variation margin on futures contracts |
$ | — |
Variation margin on futures contracts |
$ | 473 | a | |||||
|
|
|
|
|||||||||
Totals |
$ | — | $ | 473 | ||||||||
|
|
|
|
|||||||||
Franklin FTSE Japan ETF | ||||||||||||
Equity Contacts |
Variation margin on futures contracts |
$ | — |
Variation margin on futures contracts |
$ | 10,253 | a | |||||
|
|
|
|
|||||||||
Totals |
$ | — | $ | 10,253 | ||||||||
|
|
|
|
franklintempleton.com |
Semiannual Report |
329 |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
8. 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 Japan Hedge ETF | ||||||||||||
Foreign exchange contracts |
Unrealized appreciation on OTC forward exchange contracts |
$ | 188,761 |
Unrealized depreciation on OTC forward exchange contracts |
$ | 226 | ||||||
Equity contracts |
Variation margin on futures contracts |
— |
Variation margin on futures contracts |
318 | a | |||||||
|
|
|
|
|||||||||
Totals |
$ | 188,761 | $ | 544 | ||||||||
|
|
|
|
|||||||||
Franklin FTSE Latin America ETF | ||||||||||||
Equity Contacts |
Variation margin on futures contracts |
$ | — |
Variation margin on futures contracts |
$ | 823 | a | |||||
|
|
|
|
|||||||||
Totals |
$ | — | $ | 823 | ||||||||
|
|
|
|
|||||||||
Franklin FTSE Switzerland ETF | ||||||||||||
Equity Contacts |
Variation margin on futures contracts |
$ | — |
Variation margin on futures contracts |
$ | 24,712 | a | |||||
|
|
|
|
|||||||||
Totals |
$ | — | $ | 24,712 | ||||||||
|
|
|
|
|||||||||
Franklin FTSE United Kingdom ETF | ||||||||||||
Equity Contacts |
Variation margin on futures contracts |
$ | 21,278 | a |
Variation margin on futures contracts |
$ | — | |||||
|
|
|
|
|||||||||
Totals |
$ | 21,278 | $ | — | ||||||||
|
|
|
|
a This amount reflects the cumulative appreciation (depreciation) of futures contracts as reported in the Statement of Investments. Only the variation margin receivable/payable at period 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, 2021, 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 |
| |||||||||
Equity contracts |
Futures contracts |
$ | (22,193 | ) |
Futures contracts |
$ | 6,252 | |||||
|
|
|
|
|||||||||
Totals |
$ | (22,193 | ) | $ | 6,252 | |||||||
|
|
|
|
|||||||||
Franklin FTSE Brazil ETF | ||||||||||||
Net realized gain (loss) from: |
Net change in unrealized appreciation (depreciation) on: |
|||||||||||
Equity contracts |
Futures contracts |
$ | (55,351 | ) |
Futures contracts |
$ | (122,519 | ) | ||||
|
|
|
|
|||||||||
Totals |
$ | (55,351 | ) | $ | (122,519 | ) | ||||||
|
|
|
|
|||||||||
Franklin FTSE China ETF | ||||||||||||
Net realized gain (loss) from: |
|
Net
change in unrealized |
| |||||||||
Equity contracts |
Futures contracts |
$ | (123,052 | ) |
Futures contracts |
$ | (3,684 | ) | ||||
|
|
|
|
|||||||||
Totals |
$ | (123,052 | ) | $ | (3,684 | ) | ||||||
|
|
|
|
330 | Semiannual Report | franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
8. 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 Europe ETF | ||||||||||||
Net realized gain (loss) from: |
|
Net
change in unrealized |
| |||||||||
Equity contracts |
Futures contracts |
$ | 71,632 |
Futures contracts |
$ | (18,171 | ) | |||||
|
|
|
|
|||||||||
Totals |
$ | 71,632 | $ | (18,171 | ) | |||||||
|
|
|
|
|||||||||
Franklin FTSE Europe Hedged ETF | ||||||||||||
Net realized gain (loss) from: |
Net
change in unrealized |
| ||||||||||
Equity contracts |
Futures contracts |
$ | 10,813 |
Futures contracts |
$ | (3,442 | ) | |||||
Forward exchange contracts |
$ | 251,432 |
Translation of other assets and liabilities denominated in foreign currencies |
$ | 20,104 | |||||||
|
|
|
|
|||||||||
Totals |
$ | 262,245 | $ | 16,662 | ||||||||
|
|
|
|
|||||||||
Franklin FTSE Germany ETF | ||||||||||||
Net realized gain (loss) from: |
|
Net
change in unrealized |
| |||||||||
Equity contracts |
Futures contracts |
$ | 911 |
Futures contracts |
$ | (466 | ) | |||||
|
|
|
|
|||||||||
Totals |
$ | 911 | $ | (466 | ) | |||||||
|
|
|
|
|||||||||
Franklin FTSE Hong Kong ETF | ||||||||||||
Net realized gain (loss) from: |
|
Net
change in unrealized |
| |||||||||
Equity contracts |
Futures contracts |
$ | (5,164 | ) |
Futures contracts |
$ | 53 | |||||
|
|
|
|
|||||||||
Totals |
$ | (5,164 | ) | $ | 53 | |||||||
|
|
|
|
|||||||||
Franklin FTSE India ETF | ||||||||||||
Net realized gain (loss) from: |
|
Net
change in unrealized |
| |||||||||
Equity contracts |
Futures contracts |
$ | — |
Futures contracts |
$ | (473 | ) | |||||
|
|
|
|
|||||||||
Totals |
$ | — | $ | (473 | ) | |||||||
|
|
|
|
|||||||||
Franklin FTSE Italy ETF | ||||||||||||
Net realized gain (loss) from: |
|
Net
change in unrealized |
| |||||||||
Equity contracts |
Futures contracts |
$ | 1,105 |
Futures contracts |
$ | — | ||||||
|
|
|
|
|||||||||
Totals |
$ | 1,105 | $ | — | ||||||||
|
|
|
|
|||||||||
Franklin FTSE Japan ETF | ||||||||||||
Net realized gain (loss) from: |
Net
change in unrealized |
| ||||||||||
Equity contracts |
Futures contracts |
$ | 139,335 |
Futures contracts |
$ | (6,629 | ) | |||||
|
|
|
|
|||||||||
Totals |
$ | 139,335 | $ | (6,629 | ) | |||||||
|
|
|
|
franklintempleton.com |
Semiannual Report |
331 |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
8. 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 Japan Hedged ETF | ||||||||||||
Net realized gain (loss) from: |
Net
change in unrealized |
| ||||||||||
Equity contracts |
Futures contracts |
$ | (14,260 | ) |
Futures contracts |
$ | (708 | ) | ||||
|
|
|
|
|||||||||
Forward exchange contracts |
$ | 772,045 |
Translation of other assets and liabilities denominated in foreign currencies |
$ | (656,720 | ) | ||||||
|
|
|
|
|||||||||
Totals |
$ | 757,785 | $ | (657,428 | ) | |||||||
|
|
|
|
|||||||||
Franklin FTSE Latin America ETF | ||||||||||||
Net realized gain (loss) from: |
|
Net
change in unrealized |
| |||||||||
Equity contracts |
Futures contracts |
$ | (579 | ) |
Futures contracts |
$ | (823 | ) | ||||
|
|
|
|
|||||||||
Totals |
$ | (579 | ) | $ | (823 | ) | ||||||
|
|
|
|
|||||||||
Franklin FTSE South Korea ETF | ||||||||||||
Net realized gain (loss) from: |
|
Net
change in unrealized |
| |||||||||
Equity contracts |
Futures contracts |
$ | 27,540 |
Futures contracts |
$ | (2,310 | ) | |||||
|
|
|
|
|||||||||
Totals |
$ | 27,540 | $ | (2,310 | ) | |||||||
|
|
|
|
|||||||||
Franklin FTSE Switzerland ETF | ||||||||||||
Net realized gain (loss) from: |
|
Net
change in unrealized |
| |||||||||
Equity contracts |
Futures contracts |
$ | 64,629 |
Futures contracts |
$ | (33,372 | ) | |||||
|
|
|
|
|||||||||
Totals |
$ | 64,629 | $ | (33,372 | ) | |||||||
|
|
|
|
|||||||||
Franklin FTSE Taiwan ETF | ||||||||||||
Net realized gain (loss) from: |
Net
change in unrealized |
| ||||||||||
Forward exchange contracts |
$ | (84 | ) |
Translation of other assets and liabilities denominated in foreign currencies |
$ | — | ||||||
Equity contracts |
Futures contracts |
$ | (2,809 | ) |
Futures contracts |
$ | — | |||||
|
|
|
|
|||||||||
Totals |
$ | (2,893 | ) | $ | — | |||||||
|
|
|
|
|||||||||
Franklin FTSE United Kingdom ETF | ||||||||||||
Net realized gain (loss) from: |
Net
change in unrealized |
| ||||||||||
Equity contracts |
Futures contracts |
$ | 51,319 |
Futures contracts |
$ | 28,675 | ||||||
|
|
|
|
|||||||||
Totals |
$ | 51,319 | $ | 28,675 | ||||||||
|
|
|
|
332 | Semiannual Report | franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
8. Other Derivative Information (continued)
For the period ended September 30, 2021, the average month end notional amount of futures contracts and average month end contract value for forward exchange contracts were as follows:
Franklin Asia ex Japan ETF |
Franklin Brazil ETF |
Franklin China ETF |
Franklin Europe ETF |
|||||||||||||
Futures contracts |
$ | 89,066 | $ | 1,294,278 | $ | 380,237 | $ | 887,504 | ||||||||
Foreign exchange contracts |
$ | — | $ | — | $ | 18 | $ | — | ||||||||
Franklin Europe Hedged ETF |
Franklin Hong Kong ETF |
Franklin India ETF |
Franklin Italy ETF |
|||||||||||||
Futures contracts |
$ | 68,234 | $ | 35,264 | $ | 25,146 | $ | 4,380 | ||||||||
Foreign exchange contracts |
$ | 48,148,178 | $ | — | $ | — | $ | — | ||||||||
Franklin Japan ETF |
Franklin Japan Hedged ETF |
Franklin South Korea ETF |
Franklin Taiwan ETF |
|||||||||||||
Futures contracts |
$ | 4,112,489 | $ | 247,713 | $ | 152,379 | $ | 34,154 | ||||||||
Foreign exchange contracts |
$ | — | $ | 60,699,152 | $ | — | $ | — | ||||||||
Franklin United Kingdom |
Franklin Saudi Arabia ETF |
Franklin Switzerland ETF |
||||||||||||||
Futures contracts |
$ | 1,359,310 | $ | — | $ | 445,401 | ||||||||||
Foreign exchange contracts |
$ | — | $ | 2,362 | $ | — |
At September 30, 2021, 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 Europe Hedged ETF | ||||||||
Foreign exchange contracts |
$ | 317,897 | $ | 256 | ||||
|
|
|||||||
Franklin FTSE Japan Hedged ETF | ||||||||
Foreign exchange contracts |
$ | 188,761 | $ | 226 | ||||
|
|
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.
franklintempleton.com |
Semiannual Report |
333 |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
8. Other Derivative Information (continued)
At September 30, 2021, 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 of Assets Presented in the Statements of Assets and Liabilities |
Financial Instruments Available for Offset |
Financial Instruments Collateral Receiveda |
Cash Collateral Receiveda |
Net Amount (Not less than zero) |
||||||||||||||||
Franklin FTSE Europe Hedged ETF |
||||||||||||||||||||
Counterparty | ||||||||||||||||||||
BOFA |
$ | 83,082 | $ | (108 | ) | $ | — | $ | — | $ | 82,974 | |||||||||
DBAB |
78,764 | (15 | ) | — | — | 78,749 | ||||||||||||||
HSBK |
54,203 | (41 | ) | — | — | 54,162 | ||||||||||||||
MSCO |
47,710 | (62 | ) | — | — | 47,648 | ||||||||||||||
UBSW |
54,138 | (30 | ) | — | — | 54,108 | ||||||||||||||
|
|
|||||||||||||||||||
Total |
$ | 317,897 | $ | (256 | ) | $ | — | $ | — | $ | 317,641 | |||||||||
|
|
|||||||||||||||||||
Franklin FTSE Japan Hedged ETF |
||||||||||||||||||||
Counterparty | ||||||||||||||||||||
DBAB |
$ | 52,348 | $ | (22 | ) | $ | — | $ | — | $ | 52,326 | |||||||||
HSBK |
56,623 | (104 | ) | — | — | 56,519 | ||||||||||||||
MSCO |
23,166 | (44 | ) | — | — | 23,122 | ||||||||||||||
UBSW |
56,624 | (56 | ) | — | — | 56,568 | ||||||||||||||
|
|
|||||||||||||||||||
Total |
$ | 188,761 | $ | (226 | ) | $ | — | $ | — | $ | 188,535 | |||||||||
|
|
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, 2021, 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 Assets and Liabilities |
Financial Instruments Available for Offset |
Financial Instruments Collateral Receiveda |
Cash Collateral Receiveda |
Net Amount (Not less than zero) |
||||||||||||||||
Franklin FTSE Europe Hedged ETF |
||||||||||||||||||||
Counterparty | ||||||||||||||||||||
BOFA |
$ | 108 | $ | (108 | ) | $ | — | $ | — | $ | — | |||||||||
DBAB |
15 | (15 | ) | — | — | — | ||||||||||||||
HSBK |
41 | (41 | ) | — | — | — | ||||||||||||||
MSCO |
62 | (62 | ) | — | — | — | ||||||||||||||
UBSW |
30 | (30 | ) | — | — | — | ||||||||||||||
|
|
|||||||||||||||||||
Total |
$ | 256 | $ | (256 | ) | $ | — | $ | — | $ | — | |||||||||
|
|
334 | Semiannual Report | franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
8. Other Derivative Information (continued)
Amounts Not Offset in the Statements of Assets and Liabilities |
||||||||||||||||||||
Gross and Net Amounts Assets and Liabilities |
Financial Instruments Available for Offset |
Financial Instruments Collateral Receiveda |
Cash Collateral Receiveda |
Net Amount (Not less than zero) |
||||||||||||||||
Franklin FTSE Japan Hedged ETF |
||||||||||||||||||||
Counterparty | ||||||||||||||||||||
DBAB |
$ | 22 | $ | (22 | ) | $ | — | $ | — | $ | — | |||||||||
HSBK |
104 | (104 | ) | — | — | — | ||||||||||||||
MSCO |
44 | (44 | ) | — | — | — | ||||||||||||||
UBSW |
56 | (56 | ) | — | — | — | ||||||||||||||
|
|
|||||||||||||||||||
Total |
$ | 226 | $ | (226 | ) | $ | — | $ | — | $ | — | |||||||||
|
|
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.
9. 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 |
• |
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, 2021, 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 Investments:b |
$ | 32,373,311 | c | $ | — | $ | — | $ | 32,373,311 | |||||||
|
|
|||||||||||||||
Short-Term Investments |
92,451 | — | — | 92,451 | ||||||||||||
|
|
|||||||||||||||
Total Investments in Securities |
$ | 32,465,762 | c | $ | — | $ | — | $ | 32,465,762 | |||||||
|
|
|||||||||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments: |
||||||||||||||||
Futures Contracts |
$ | 1,761 | $ | — | $ | — | $ | 1,761 | ||||||||
|
|
|||||||||||||||
Franklin FTSE Australia ETF | ||||||||||||||||
Assets: | ||||||||||||||||
Investments in Securities:a |
||||||||||||||||
Equity Investments:b |
$ | 23,743,731 | $ | — | $ | — | $ | 23,743,731 | ||||||||
|
|
franklintempleton.com |
Semiannual Report |
335 |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
9. Fair Value Measurements (continued)
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Franklin FTSE Brazil ETF | ||||||||||||||||
Assets: | ||||||||||||||||
Investments in Securities:a |
||||||||||||||||
Equity Investmentsb |
$ | 198,860,248 | $ | — | $ | — | $ | 198,860,248 | ||||||||
|
|
|||||||||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments: |
||||||||||||||||
Futures Contracts |
$ | 109,145 | $ | — | $ | — | $ | 109,145 | ||||||||
|
|
|||||||||||||||
Franklin FTSE Canada ETF | ||||||||||||||||
Assets: | ||||||||||||||||
Investments in Securities:a |
||||||||||||||||
Equity Investmentsb |
$ | 27,431,665 | $ | — | $ | — | $ | 27,431,665 | ||||||||
|
|
|||||||||||||||
Franklin FTSE China ETF | ||||||||||||||||
Assets: | ||||||||||||||||
Investments in Securities:a |
||||||||||||||||
Equity Investments:b |
$ | 127,797,721 | c | $ | — | $ | — | $ | 127,797,721 | |||||||
Short-Term Investments |
679,900 | — | — | 679,900 | ||||||||||||
|
|
|||||||||||||||
Total Investments in Securities |
$ | 128,477,621 | c | $ | — | $ | — | $ | 128,477,621 | |||||||
|
|
|||||||||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments: |
||||||||||||||||
Futures Contracts |
$ | 9,026 | $ | — | $ | — | $ | 9,026 | ||||||||
|
|
|||||||||||||||
Franklin FTSE Europe ETF | ||||||||||||||||
Assets: | ||||||||||||||||
Investments in Securities:a |
||||||||||||||||
Equity Investments:b |
$ | 191,271,360 | c | $ | — | — | $ | 191,271,360 | ||||||||
|
|
|||||||||||||||
Other Financial Instruments: |
||||||||||||||||
Futures Contracts |
$ | 2,222 | $ | — | $ | — | $ | 2,222 | ||||||||
|
|
|||||||||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments: |
||||||||||||||||
Futures Contracts |
$ | 15,209 | $ | — | $ | — | $ | 15,209 | ||||||||
|
|
|||||||||||||||
Franklin FTSE Europe Hedged ETF | ||||||||||||||||
Assets: | ||||||||||||||||
Investments in Securities:a |
||||||||||||||||
Equity Investments:b |
$ | 16,431,391 | c | $ | — | $ | — | $ | 16,431,391 | |||||||
Short-Term Investments |
8,600 | — | — | 8,600 | ||||||||||||
|
|
|||||||||||||||
Total Investments in Securities |
$ | 16,439,991 | c | $ | — | $ | — | $ | 16,439,991 | |||||||
|
|
|||||||||||||||
Other Financial Instruments: |
||||||||||||||||
Forward Exchange Contracts |
$ | — | $ | 317,897 | $ | — | $ | 317,897 | ||||||||
|
|
|||||||||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments: |
||||||||||||||||
Forward Exchange Contracts |
$ | — | $ | 256 | $ | — | $ | 256 | ||||||||
Futures Contracts |
1,259 | — | — | 1,259 | ||||||||||||
|
|
|||||||||||||||
Total Other Financial Instruments |
$ | 1,259 | $ | 256 | $ | — | $ | 1,515 | ||||||||
|
|
336 | Semiannual Report | franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
9. Fair Value Measurements (continued)
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Franklin FTSE France ETF | ||||||||||||||||
Assets: | ||||||||||||||||
Investments in Securities:a |
| |||||||||||||||
Equity Investments:b |
$ | 10,530,166 | $ | — | $ | — | $ | 10,530,166 | ||||||||
|
|
|||||||||||||||
Franklin FTSE Germany ETF | ||||||||||||||||
Assets: | ||||||||||||||||
Investments in Securities:a |
| |||||||||||||||
Equity Investments:b |
$ | 12,832,999 | $ | — | $ | — | $ | 12,832,999 | ||||||||
|
|
|||||||||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments: |
||||||||||||||||
Futures Contracts |
$ | 466 | $ | — | $ | — | $ | 466 | ||||||||
|
|
|||||||||||||||
Franklin FTSE Hong Kong ETF | ||||||||||||||||
Assets: | ||||||||||||||||
Investments in Securities:a |
| |||||||||||||||
Equity Investments:b |
$ | 15,368,863 | $ | — | $ | — | $ | 15,368,863 | ||||||||
|
|
|||||||||||||||
Other Financial Instruments: |
||||||||||||||||
Futures Contracts |
$ | 53 | $ | — | $ | — | $ | 53 | ||||||||
|
|
|||||||||||||||
Franklin FTSE India ETF | ||||||||||||||||
Assets: | ||||||||||||||||
Investments in Securities:a |
| |||||||||||||||
Equity Investments:b |
$ | 38,639,991 | c | $ | — | $ | — | $ | 38,639,991 | |||||||
|
|
|||||||||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments: |
||||||||||||||||
Futures Contracts |
$ | 473 | $ | — | $ | — | $ | 473 | ||||||||
|
|
|||||||||||||||
Franklin FTSE Italy ETF | ||||||||||||||||
Assets: | ||||||||||||||||
Investments in Securities:a |
| |||||||||||||||
Equity Investments:b |
$ | 4,017,496 | $ | — | $ | — | $ | 4,017,496 | ||||||||
|
|
|||||||||||||||
Franklin FTSE Japan ETF | ||||||||||||||||
Assets: | ||||||||||||||||
Investments in Securities:a |
| |||||||||||||||
Equity Investments:b |
$ | 682,528,609 | $ | — | $ | — | $ | 682,528,609 | ||||||||
Short-Term Investments |
357,746 | — | — | 357,746 | ||||||||||||
|
|
|||||||||||||||
Total Investments in Securities |
$ | 682,886,355 | $ | — | $ | — | $ | 682,886,355 | ||||||||
|
|
|||||||||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments: |
||||||||||||||||
Futures Contracts |
$ | 10,253 | $ | — | $ | — | $ | 10,253 | ||||||||
|
|
franklintempleton.com |
Semiannual Report |
337 |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
9. Fair Value Measurements (continued)
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Franklin FTSE Japan Hedged ETF | ||||||||||||||||
Assets: | ||||||||||||||||
Investments in Securities:a |
| |||||||||||||||
Equity Investments:b |
$ | 12,719,993 | $ | — | $ | — | $ | 12,719,993 | ||||||||
Short-Term Investments |
19,193 | — | — | 19,193 | ||||||||||||
|
|
|||||||||||||||
Total Investments in Securities |
$ | 12,739,186 | $ | — | $ | — | $ | 12,739,186 | ||||||||
|
|
|||||||||||||||
Other Financial Instruments: |
||||||||||||||||
Forward Exchange Contracts |
$ | — | $ | 188,761 | $ | — | $ | 188,761 | ||||||||
|
|
|||||||||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments: |
||||||||||||||||
Forward Exchange Contracts |
$ | — | $ | 226 | $ | — | $ | 226 | ||||||||
Futures Contracts |
318 | — | — | 318 | ||||||||||||
|
|
|||||||||||||||
Total Other Financial Instruments |
$ | 318 | $ | 226 | $ | — | $ | 544 | ||||||||
|
|
|||||||||||||||
Franklin FTSE Latin America ETF | ||||||||||||||||
Assets: | ||||||||||||||||
Investments in Securities:a |
| |||||||||||||||
Equity Investments:b |
$ | 4,384,181 | $ | — | $ | — | $ | 4,384,181 | ||||||||
|
|
|||||||||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments: |
||||||||||||||||
Futures Contracts |
$ | 823 | $ | — | $ | — | $ | 823 | ||||||||
|
|
|||||||||||||||
Franklin FTSE Mexico ETF | ||||||||||||||||
Assets: | ||||||||||||||||
Investments in Securities:a |
| |||||||||||||||
Equity Investmentsb |
$ | 10,918,226 | $ | — | $ | — | $ | 10,918,226 | ||||||||
|
|
|||||||||||||||
Franklin FTSE Russia ETF | ||||||||||||||||
Assets: | ||||||||||||||||
Investments in Securities:a |
| |||||||||||||||
Equity Investmentsb |
$ | 20,005,788 | $ | — | $ | — | $ | 20,005,788 | ||||||||
|
|
|||||||||||||||
Franklin FTSE Saudi Arabia ETF | ||||||||||||||||
Assets: | ||||||||||||||||
Investments in Securities:a |
| |||||||||||||||
Equity Investmentsb |
$ | 3,553,668 | $ | — | $ | — | $ | 3,553,668 | ||||||||
|
|
|||||||||||||||
Franklin FTSE South Africa ETF | ||||||||||||||||
Assets: | ||||||||||||||||
Investments in Securities:a |
| |||||||||||||||
Equity Investments:b |
$ | 3,800,605 | $ | — | $ | — | $ | 3,800,605 | ||||||||
|
|
|||||||||||||||
Franklin FTSE South Korea ETF | ||||||||||||||||
Assets: | ||||||||||||||||
Investments in Securities:a |
| |||||||||||||||
Equity Investments:b |
$ | 63,687,933 | $ | — | $ | — | $ | 63,687,933 | ||||||||
|
|
338 | Semiannual Report | franklintempleton.com |
FRANKLIN TEMPLETON ETF TRUST
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
9. Fair Value Measurements (continued)
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Franklin FTSE Switzerland ETF | ||||||||||||||||
Assets: | ||||||||||||||||
Investments in Securities:a |
| |||||||||||||||
Equity Investments:b |
$ | 38,201,215 | $ | — | $ | — | $ | 38,201,215 | ||||||||
|
|
|||||||||||||||
Liabilities: | ||||||||||||||||
Other Financial Instruments: |
||||||||||||||||
Futures Contracts |
$ | 24,712 | $ | — | $ | — | $ | 24,712 | ||||||||
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Franklin FTSE Taiwan ETF | ||||||||||||||||
Assets: | ||||||||||||||||
Investments in Securities:a |
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Equity Investments:b |
$ | 43,827,151 | $ | — | $ | — | $ | 43,827,151 | ||||||||
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Franklin FTSE United Kingdom ETF | ||||||||||||||||
Assets: | ||||||||||||||||
Investments in Securities:a |
| |||||||||||||||
Equity Investments:b |
$ | 334,392,718 | c | $ | — | $ | — | $ | 334,392,718 | |||||||
Short-Term Investments |
217,580 | — | — | 217,580 | ||||||||||||
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|
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Total Investments in Securities |
$ | 334,610,298 | c | $ | — | $ | — | $ | 334,610,298 | |||||||
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Other Financial Instruments: |
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Futures Contracts |
$ | 21,278 | $ | — | $ | — | $ | 21,278 | ||||||||
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aFor detailed categories, see the accompanying Statement of Investments.
bIncludes common and convertible preferred stocks, warrants, as well as other equity investments.
cIncludes securities determined to have no value at September 30, 2021.
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.
Selected Portfolio | ||
ADR | – American Depositary Receipt | |
CDI | – Clearing House Electronic Subregister System Depositary Interest | |
IDR | – International Depositary Receipt | |
NVDR | – Non-Voting Depositary Receipt | |
REIT | – Real Estate Investment Trust | |
Counterparty | ||
BOFA | Bank of America Corp. | |
DBAB | Deutsche Bank AG | |
HSBK | HSBC Bank PLC | |
MSCO | Morgan Stanley | |
UBSW | UBS AG |
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By mid-February, tax information related to a shareholder’s proportionate share of distributions paid during the preceding calendar year will be received, if applicable. Please also refer to www.franklintempleton.com for per share tax information related to any distributions paid during the preceding calendar year. Shareholders are advised to consult with their tax advisors for further information on the treatment of these amounts on their tax returns.
The following tax information for the Funds is required to be furnished to shareholders with respect to the income earned and distributions paid during their fiscal year.
Under Section 853 of the Internal Revenue Code, the Funds below intend to elect to pass through to their shareholders the following amounts, or amounts as finally determined, of foreign taxes paid and foreign source income earned by the Funds during the fiscal year ended March 31, 2021:
Fund |
Foreign Taxes Paid |
Foreign Source Income Earned | ||||||
Franklin FTSE Asia ex Japan ETF |
53,037 | 430,799 | ||||||
Franklin FTSE Australia ETF |
9,029 | 513,966 | ||||||
Franklin FTSE Brazil ETF |
184,413 | 2,768,864 | ||||||
Franklin FTSE Canada ETF |
42,984 | 287,811 | ||||||
Franklin FTSE China ETF |
75,452 | 891,572 | ||||||
Franklin FTSE Europe ETF |
382,101 | 5,915,252 | ||||||
Franklin FTSE Europe Hedged ETF |
12,180 | 141,649 | ||||||
Franklin FTSE France ETF |
257 | 112,964 | ||||||
Franklin FTSE Germany ETF |
20,513 | 206,968 | ||||||
Franklin FTSE Hong Kong ETF |
63 | 500,144 | ||||||
Franklin FTSE India ETF |
72,740 | 155,294 | ||||||
Franklin FTSE Italy ETF |
11,298 | 111,649 | ||||||
Franklin FTSE Japan ETF |
1,087,658 | 10,517,749 | ||||||
Franklin FTSE Japan Hedged ETF |
27,077 | 262,044 | ||||||
Franklin FTSE Latin America |
5,846 | 68,678 | ||||||
Franklin FTSE Mexico ETF |
4,989 | 83,961 | ||||||
Franklin FTSE Russia ETF |
72,005 | 690,267 | ||||||
Franklin FTSE Saudi Arabia |
2,756 | 55,171 | ||||||
Franklin FTSE South Africa |
9,909 | 112,927 | ||||||
Franklin FTSE South Korea ETF |
126,671 | 749,202 | ||||||
Franklin FTSE Switzerland ETF |
162,054 | 1,172,721 | ||||||
Franklin FTSE Taiwan ETF |
137,968 | 605,616 | ||||||
Franklin FTSE United Kingdom ETF |
33,897 | 4,238,726 |
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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 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 Russia 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)
At a meeting held on May 26, 2021 (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 Meeting and throughout the
year at meetings of the Board and its committees, including a number of special meetings during the pandemic to enhance Board oversight of Fund-related matters during this period. 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 Meeting, the Independent Trustees held a telephonic contract renewal meeting at which the Independent Trustees conferred amongst themselves and Independent Trustee counsel about contract renewal matters and, in some cases, requested additional information from the Manager relating to the contract. 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.
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 such 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; as well as information on succession planning where appropriate; 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
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and other accounts, including management’s explanation of differences among accounts where relevant. The Board noted management’s continuing efforts and expenditures in establishing effective business continuity plans, including the effectiveness of those plans during the pandemic, and developing strategies to address areas of heightened concern in the registered fund industry, such as cybersecurity in the current work-from-home environment and liquidity risk management.
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 enhancing services and controlling costs, as reflected in its outsourcing of certain administrative functions, and growth opportunities, as evidenced by its recent acquisition of the Legg Mason companies. The Board also noted FT’s attention focused on expanding the distribution opportunities for all funds in the FT family of funds.
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 the Funds based on their 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 the Manager 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 the Manager’s strategy behind the overall product line-up, the sources of asset growth, the nature of the Manager’s research, potential use of innovative data and technology, and investments in
marketing and distribution. The Board noted the Manager’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, 2021, each Fund’s tracking error was within the tolerance anticipated for such Fund, except that the tracking error for the Franklin FTSE Asia ex Japan ETF was 21 basis points below the tolerance anticipated for this Fund, for the Franklin FTSE Canada ETF was 10 basis points above the tolerance anticipated for this Fund, for the Franklin FTSE China ETF was 11.9 basis points below the tolerance for this Fund, for the Franklin FTSE India ETF was 299.8 basis points below the tolerance for this Fund, for the Franklin FTSE Saudi Arabia ETF was 10.4 basis points below the tolerance for this Fund, for the Franklin FTSE Switzerland ETF was 50.4 basis points above the tolerance for this Fund and for the Franklin FTSE Taiwan ETF was 3.3 basis points above the tolerance for this Fund.
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 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 eight 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 six other European region funds. |
• | The Expense Group for the Franklin FTSE Europe Hedged 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 four 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 two 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 Russia ETF was comprised of pure index exchange-traded funds, which included the Fund and two other emerging markets funds. |
• | 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. |
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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 the Franklin FTSE Europe Hedged ETF and Franklin FTSE Japan Hedged ETF was equal to the median of its Expense Group. The Board also noted the small size of each Fund’s Expense Group, except for the Franklin FTSE China ETF which had eight 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 investment management fee, (ii) payments under the Fund’s Rule 12b-1 plan (if any), (iii) brokerage expenses, (iv) taxes, (v) interest (including borrowing costs and dividend expenses on securities sold 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, 2020, 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 further noted management’s representation that the profitability analysis excluded the impact of the recent acquisition of the Legg Mason companies and that management expects to incorporate the legacy Legg Mason companies into the profitability analysis beginning next year. 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 by the Manager 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 revenues generated from transfer agent services, 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 the Manager’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 noted that as of December 31, 2020, the net assets of each Fund were less than approximately $121 million (and in most cases much less), except for the Franklin FTSE Europe ETF which had assets of approximately $241 million and the Franklin FTSE
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Japan ETF which had assets of approximately $605 million. 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.
Liquidity Risk Management Program – In-Kind ETFs
Franklin FTSE Australia ETF
Franklin FTSE Canada ETF
Franklin FTSE Europe ETF
Franklin FTSE Europe Hedged 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 Russia 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, 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. 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 2021, the Program Administrator provided a written report to the Board addressing the adequacy and effectiveness of the program for the year ended December 31, 2020. 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.
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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 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 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, 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 (i) the Fund’s investment strategy and the liquidity of its portfolio investments during both normal and reasonably foreseeable stressed conditions; (ii) its short and long-term cash flow projections; (iii) its cash holdings and access to other funding sources including the Funds’ interfund lending facility and line of credit; (iv) 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 (v) the effect of the composition of baskets on the overall liquidity of the Fund’s portfolio. 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.
The Fund primarily holds liquid assets that are defined under the Liquidity Rule as “Highly Liquid Investments,” and 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 2021, the Program Administrator provided a written report to the Board addressing the adequacy and effectiveness of the program for the year ended December 31, 2020. 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
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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 Statement of Investments
The Trust files a complete statement 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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Investment Manager | Distributor | Investor Services | ||||
Franklin Advisory Services, LLC |
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Transfer Agent State
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