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Managed Fund Since 2023
Fixed Income Active
USFI BrandywineGLOBAL - U.S. Fixed Income ETF
- Actively managed, employing true rotation. Sector allocation and duration decisions are primarily driven by top-down, macro-economic analysis combined with bottom-up fundamental analysis to identify attractive valuations in the context of the business cycle.
- Risk mitigation. Pursues attractive downside capture vs. equities and spread sectors.
- Defensive alpha. Flexible duration profile, aiming to add alpha while preserving the defensive nature of fixed income.
Popular Documents
Overview
Fund Facts
Fund description
The fund seeks total return by actively investing in US investment grade securities.
- Benchmark
- Bloomberg U.S. Aggregate Index
- Fund Inception Date
- 07/25/2023
- Listing Exchange
- NASDAQ - XNAS
- Dividend Frequency, if any
- Monthly
- Distribution Rate at NAV
3 As of 11/13/2025 (Updated Daily) - 0.39%
Identifiers
- Ticker
- USFI
- CUSIP Code
- 35473P413
- ISIN Code
- US35473P4138
- Bloomberg Code
- USFI US
Average Annual Total Returns As of 10/31/2025
- 5.74%1 Year
- —3 Years
- —5 Years
- —10 Years
- 4.28%Since Inception
07/25/2023
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.
Top Sectors
As of 10/31/2025 % of Total (Updated Monthly)
Additional Fund Info
- Fiscal Year End
- March 31
- ETF Type
- Active
- Morningstar Category
- Intermediate Core Bond
Trading Characteristics
- Shares Outstanding
- 550,000
- Daily Volume
- 105
- 20-Day Average Volume
- 132.25
Manager and Commentary
About the Team
BrandywineGLOBAL
Acting with conviction and discipline, Brandywine Global looks beyond short-term, conventional thinking to rigorously pursue long-term value across differentiated fixed income, equity and alternative solutions.
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Managed Fund Since 2023
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Managed Fund Since 2023
![[Tracy Chens avatar]](https://franklintempletonprod.widen.net/content/imjg7ti7j5/webp/Chen_Tracy_500x500.png){kind=avatar}
Managed Fund Since 2023
Latest Brandywine Global Insights
October 7, 2025
September 1, 2025
July 9, 2025
Performance
Average Annual Total Returns
As of 10/31/2025
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.
Selected Month October 2025
BrandywineGLOBAL - U.S. Fixed Income ETF - Market Price Return (%)
Month End
As of 10/31/2025
BrandywineGLOBAL - U.S. Fixed Income ETF - NAV Return (%)
Month End
As of 10/31/2025
Bloomberg U.S. Aggregate Index (%)
Month End
As of 10/31/2025
Portfolio
Assets
As of11/13/2025 (Updated Daily)
- Total Net Assets
- $13.62 Million
Positions
As of 10/31/2025 (Updated Monthly)
Number of Holdings
- Fund
- 30
- Benchmark
- 13,913
Portfolio Statistics
As of 10/31/2025 (Updated Monthly)
Weighted Average Coupon
- Fund
- 4.42%
- Benchmark
- 3.63%
- Fund
- 5.58 Years
- Benchmark
- —
- Fund
- 14.51 Years
- Benchmark
- 8.24 Years
Sector Allocation
As of 10/31/2025 % of Total (Updated Monthly)
| Sector | % of Total |
|---|---|
Government Sovereign | 71.19% |
Mortgage Backed Securities | 19.25% |
Corporate Bond | 7.14% |
Cash & Cash Equivalents | 2.42% |
Holdings
As of 11/13/2025 (Updated Daily)
US TREASURY N 3.625 10/30
US TREASURY N/ 3.875 8/34
US TREASURY N/B 4.75 5/55
US TREASURY N/B 4.25 8/35
US TREASURY FRN FRN 7/27
WESTERN ASSET PREM
US TREASURY FRN FRN 10/27
US TREASURY FRN FRN 1/27
G2 MA9907 6 9/20/54
G2 MA9242 6 10/20/53
Distributions & Tax
- Distribution Frequency
- MonthlyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- December
Rates and Yields
Distribution Rate
At Net Asset Value (NAV) 0.39%
At Market Price 0.39%
Distributions are not guaranteed and are subject to change.
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
11/03/2025
10/01/2025
09/02/2025
08/01/2025
07/01/2025
06/02/2025
05/01/2025
04/01/2025
03/03/2025
02/03/2025
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.
Pricing
Pricing History
As of 11/13/2025 (Updated Daily)
Daily Fund Prices
As of 11/13/2025
Share Prices
As of 11/13/2025
52-Week Range
- Highest NAV
As of 10/28/2025 - $25.01
- Lowest NAV
As of 01/13/2025 - $23.87
- Highest Market Price
As of 09/11/2025 - $25.07
- Lowest Market Price
As of 01/13/2025 - $23.91
Premium / Discount
As of 11/13/2025
- 30-Day Median Bid/Ask Spread
- 0.12%
- Bid / Ask Spread
- $0.08
- Avg. of Market Price vs. NAV since Inception
- 0.19%
- Avg. of Market Price vs. NAV at Close
9 - 0.20%
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - BrandywineGLOBAL - U.S. Fixed Income ETF |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - BrandywineGLOBAL - U.S. Fixed Income ETF - Single Class | |||
| Annual Financial Statements and Other Information - BrandywineGLOBAL ETF Funds | |||
| Semi-Annual Report - BrandywineGLOBAL U.S. Fixed Income ETF - Single Class | |||
| Semi-Annual Financial Statements and Other Information - BrandywineGLOBAL Dynamic US Large Cap Value ETF | |||
| Prospectus - BrandywineGLOBAL U.S. Fixed Income ETF | |||
| Summary Prospectus - BrandywineGLOBAL U.S. Fixed Income ETF | |||
| Statement of Additional Information - BrandywineGLOBAL U.S. Fixed Income ETF | |||
| 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. To the extent the fund invests in companies in a specific country or region, the fund may experience greater volatility than a fund that is more broadly diversified geographically. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. Asset-backed, mortgage-backed or mortgage-related securities are subject to prepayment and extension risks. Active and frequent trading may increase a shareholder's tax liability and transaction costs. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated.
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.
The Bloomberg U.S. Aggregate Index is comprised of investment-grade, U.S. dollar-denominated government, corporate, and mortgage- and asset-backed issues having at least one year to maturity.
Source: Bloomberg Indices.