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Managed Fund Since 2020
Fixed Income Active
FLGV Franklin U.S. Treasury Bond ETF
- A broader opportunity set. Actively managed, investing primarily in US Treasuries and other government exposures, across the entire maturity spectrum.
- Actively managed. Flexibility to drive alpha through duration positioning, sector allocation and security selection.
- Fixed income expertise. Research-driven approach, with deep expertise in all major sectors of the fixed income market, enabling the group to comprehensively examine the market and uncover unique opportunities.
Popular Documents
Overview
Fund Facts
Fund description
The fund seeks income by investing primarily in direct obligations of the U.S. Treasury, including Treasury bonds, bills, and notes and Treasury Inflation-Protected Securities (TIPS), and investments that provide exposure to direct obligations of the U.S. Treasury.
- Benchmark
- Bloomberg US Treasury Index
- Fund Inception Date
- 06/09/2020
- Listing Exchange
- NYSE Arca
- Dividend Frequency, if any
- Monthly
- Distribution Rate at NAV
3 As of 10/31/2025 (Updated Daily) - 3.93%
Identifiers
- Ticker
- FLGV
- CUSIP Code
- 35473P488
- ISIN Code
- US35473P4880
- Bloomberg Code
- FLGV US
Average Annual Total Returns As of 09/30/2025
- 2.11%1 Year
- 3.52%3 Years
- -1.07%5 Years
- —10 Years
- -0.74%Since Inception
06/09/2020
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Maturity Allocation
As of 10/29/2025 - Market Value % of Total (Updated Daily)
Additional Fund Info
- Fiscal Year End
- March 31
- ETF Type
- Active
- Morningstar Category
- Intermediate Government
Trading Characteristics
- Shares Outstanding
- 52,000,000
- Daily Volume
- 464,455
- 20-Day Average Volume
- 73574.70
Manager and Commentary
About the Team
Franklin Templeton Fixed Income
Franklin Templeton Fixed Income is a fixed income specialist with a measured "no surprises" approach that is committed to the goal of delivering clients consistent, predictable fixed income results. We pursue dimensional sources of potential alpha across all global fixed income securities, sectors, and markets.
Commentary Highlights
September 30, 2025- Markets: Market sentiment improved across the third quarter of 2025 (Q3) due to a partial resolution of some of the outstanding trade policy concerns and a rate cut of 25 basis points (bps) by the US Federal Reserve (Fed), which were both well received by the market. The Fed signaled that more cuts were likely to come by the end of this year. This bolstered markets, which viewed that the cut was addressing some of the weakening economic measures, such as the status of the US labor market. Over the period, US Treasury (UST) yields moved lower with the yield curve steepening. The one-month UST bill fell 11 bps, and three-month UST bill yields declined 36 bps. Yields moved lower by 11 bps to 3.61% on the two-year UST note and by six bps to 3.74% on the five-year UST note. By the end of the quarter, the yield on the benchmark 10-year UST note moved eight bps lower to 4.15%, and the yield on the 30-year UST bond decreased by four bps to 4.73%.
- Contributors: Overweight exposure to the 30-year portion of the UST yield curve.
- Detractors: Overweight shorter end of the yield curve.
- Outlook: The path of the fed funds rate is uncertain. The US job market has shown signs of stress with low job creation; however, inflation remains well above the Fed’s target. We are projecting one to two cuts in the remainder of the year. In our view, the Fed will have much room to continue to cut in an aggressive fashion in 2026 due to stubborn inflation impacted by tariff increases. In our view, intermediate- and long-maturity UST yields will move higher over the course of the fourth quarter.
Franklin Templeton Fixed Income
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Managed Fund Since 2020
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Managed Fund Since 2024
Latest Insights
October 30, 2025
October 28, 2025
October 9, 2025
September 22, 2025
Performance
Calendar Year Returns
As of 09/30/2025
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Returns are based on Market Price or NAV, assume the reinvestment of all distributions and the deduction of all Fund expenses. Performance would have been lower if expenses had not been waived in various periods. Returns for periods of less than one year are not annualized.
Franklin U.S. Treasury Bond ETF - Market Price Return (%)
Franklin U.S. Treasury Bond ETF - NAV Return (%)
Bloomberg US Treasury Index (%)
Ratings 13
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Portfolio
Assets
As of11/02/2025 (Updated Daily)
- Total Net Assets
- $1.08 Billion
Positions
As of 10/30/2025 (Updated Daily)
Number of Holdings
- Fund
- 45
- Benchmark
- 294
Portfolio Statistics
As of 10/30/2025 (Updated Daily)
Effective Duration
- Fund
- 5.99 Years
- Benchmark
- 5.85 Years
- Fund
- 7.98 Years
- Benchmark
- 7.75 Years
Sector Allocation
As of 10/30/2025 Duration Contribution (Updated Daily)
US Treasuries
Treasuries-TIPS
Cash & Cash Equivalents
Holdings
As of 10/31/2025 (Updated Daily)
US TREASURY N 4.125 10/27
US TREASURY N/B 1.25 4/28
US TREASURY N/ 3.75 12/30
US TREASURY N/ 3.125 2/42
STRIPS 0 2/31
US TREASURY N/ 3.125 5/48
US TREASURY N/B 4 11/52
US TREASURY N/B 4.5 11/25
STRIPS 0 2/29
US TREASURY N/ 1.125 2/28
Distributions & Tax
Federal ID Number 85-0617721
For information on tax years prior to 2008, please contact usThese amounts represent distributions paid by the fund, foreign taxes passed through (if any), and other distribution characteristics for the calendar year selected. These amounts are reported to shareholders on Form 1099-DIV.
Distributions per Share ($)
Feb 02
Mar 04
Apr 02
May 02
Jun 03
Jul 01
Aug 01
Sep 03
Oct 01
Nov 01
Dec 02
Dec 13
Supplemental Tax Information
- Foreign Source Income
- —
- Foreign Source Qualified Dividends
- —
- Direct U.S. Government Obligations
- 97.78%
- Specified Private Activity Bond Interest
- —
- Dividends Received Deduction
- —
- Section 163(j)
- 98.83%
- Indiana Resident Taxable Income
- —
- Utah Resident Taxable Income
- —
Franklin Templeton and its specialized investment managers and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the promotion or marketing of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Each investor’s tax situation is different, and is based on an individual’s tax bracket, type of account used for investment and other factors. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.
Pricing
Premium/Discount Analysis 10
As of 09/30/2025 (Updated Quarterly)
Premium / Discount
- Total Days in Period
- 64
- Days at NAV
- 20
- Days at Premium
- 37
- Days at Discount
- 7
- Greatest Premium
- $0.15
- Greatest Discount
- $-0.05
| Premium/Discount Analysis | Breakdown |
|---|---|
| 0% to 0.5% | 37 days |
| 0.0% | 20 days |
| -0.5% to 0% | 7 days |
Historical Premium/Discount 11
As of 10/31/2025 (Updated Daily)
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Franklin U.S. Treasury Bond ETF | |||
| Product Commentary - Franklin U.S. Treasury Bond ETF |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Franklin U.S. Treasury Bond ETF - Single Class | |||
| Annual Financial Statements and Other Information - Franklin Templeton ETF Trust 2 | |||
| Semi-Annual Report - Franklin U.S. Treasury Bond ETF - Single Class | |||
| Semi-Annual Financial Statements and Other Information - Franklin Income Equity Focus ETF | |||
| Prospectus - Franklin Templeton ETF Trust 2 Active Funds | |||
| Summary Prospectus - Franklin U.S. Treasury Bond ETF | |||
| Statement of Additional Information - Franklin Templeton ETF Trust 2 Active Funds | |||
| Fiscal Q1 Holdings - Franklin Templeton ETF Trust Smart Beta Funds | |||
| Fiscal Q3 Holdings - Franklin Templeton ETF Trust Smart Beta Funds |
Risks
All investments involve risks, including possible loss of principal. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Changes in the credit rating of a bond, or in the credit rating or financial strength of a bond’s issuer, insurer or guarantor, may affect the bond’s value. These and other risks are discussed in the fund’s prospectus.
Important Information
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
All investments involve risk, including possible loss of principal. Please see each product's web page for specific details regarding investment objective, risks, performance, and other important information. Review this information carefully before you make any investment decision. Investors cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges.
Carefully consider a fund’s investment objectives, risks, charges and expenses before investing. Please view the prospectus or summary prospectus for this and other information. Read it carefully.
Franklin Templeton, its affiliated companies, and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the “promotion or marketing” of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.
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. ETF shares may be bought or sold throughout the day at their market price (MP), not their Net Asset Value (NAV), on the exchange on which they are listed. Shares of ETFs are tradable on secondary markets and may trade either at a premium or a discount to their NAV on the secondary market. Prior to trading in the secondary market, shares of the fund are "created" at NAV by market makers, large investors and institutions only in block-size Creation Units. Each "creator" or "Authorized Participant" enters into an authorized participant agreement with Franklin Distributors, LLC. Only an Authorized Participant may create or redeem Creation Units directly with the fund. Retail investors buy and sell shares of ETFs at market price (not NAV) in the secondary market throughout the trading day. These shares are not individually available for purchase or redemption directly from the ETF.
Franklin Distributors, LLC serves as the distributor of Creation Units for the ETFs on an agency basis. Franklin Distributors, LLC does not maintain a secondary market in the funds' shares.
Redemption payments will be effected within the specified number of calendar days following the date on which a request for redemption in proper form is made. For more information, please see the ETF’s statement of additional information (SAI) which can be found on the fund’s webpage.
The Bloomberg U.S. Treasury Index measures the performance of U.S. Treasury bills.
Source: Bloomberg Indices.