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Managed Fund Since 2025
Fixed Income Active
MULT Franklin Multisector Income ETF
- Active management. A dynamic, best-ideas portfolio with flexibility to pursue diversified sources of alpha and attractive income generating investment opportunities.
- Risk-focused. The team's unique portfolio construction approach analyzes markets in more granular ways to allocate risk with greater precision and intent.
- Global expertise. Leverages the distinct research capabilities of the Franklin Templeton Fixed Income team which spans across all global fixed income markets, including securitized, corporate credit and emerging market debt.
Popular Documents
Overview
Fund Facts
Fund description
The fund seeks to maximize current income and has a secondary goal of capital appreciation over the long term. The investment manager allocates the portfolio opportunistically across a diverse range of fixed income sectors, including bonds, government and agency securities, corporate loans, and mortgage-backed securities.
- Benchmark
- Bloomberg US Aggregate Index
- Fund Inception Date
- 08/26/2025
- Listing Exchange
- NASDAQ - XNMS
- Dividend Frequency, if any
- Monthly
- Distribution Rate at NAV
3 As of 11/13/2025 (Updated Daily) - 4.95%
Identifiers
- Ticker
- MULT
- CUSIP Code
- 35473P355
- ISIN Code
- US35473P3551
- Bloomberg Code
- MULT US
Average Annual Total Returns As of 10/31/2025
- —1 Year
- —3 Years
- —5 Years
- —10 Years
- 0.99%Since Inception
08/26/2025
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.
Additional Fund Info
- Fiscal Year End
- March 31
- ETF Type
- Active
- Morningstar Category
- Multisector Bond
Trading Characteristics
- Shares Outstanding
- 600,000
- Daily Volume
- 304
- 20-Day Average Volume
- 91.55
Manager and Commentary
About the Team
Franklin Income Investors
Franklin Income Investors has delivered consistent income for over 75 years. As pioneers in multi-asset income investing, our team takes a dynamic investment approach for investors seeking consistent income and growth.
Franklin Templeton Fixed Income
![[Patrick A. Kleins avatar]](https://franklintempletonprod.widen.net/content/rwvxaop09d/webp/Klein_Patrick_500x500.png){kind=avatar}
Managed Fund Since 2025
![[Albert W Chans avatar]](https://franklintempletonprod.widen.net/content/z0zmosiczd/webp/Chan_Albert_500x500.png){kind=avatar}
Managed Fund Since 2025
Latest Insights
November 11, 2025
August 4, 2025
May 5, 2025
February 5, 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
Franklin Multisector Income ETF - Market Price Return (%)
Month End
As of 10/31/2025
Franklin Multisector Income ETF - NAV Return (%)
Month End
As of 10/31/2025
Bloomberg US Aggregate Index (%)
Month End
As of 10/31/2025
Portfolio
Assets
As of11/13/2025 (Updated Daily)
- Total Net Assets
- $15.11 Million
Positions
As of 11/13/2025 (Updated Daily)
Number of Holdings
- Fund
- 250
Portfolio Statistics
As of 11/13/2025 (Updated Daily)
Average Weighted Maturity
- Fund
- 4.66 Years
- Fund
- 3.49 Years
Maturity Allocation
As of 10/31/2025 - Market Value % of Total (Updated Monthly)
| Maturity | Fund |
|---|---|
| 0 to 1 Year | -4.28% |
| 1 to 2 Years | 2.49% |
| 2 to 3 Years | 5.81% |
| 3 to 5 Years | 43.89% |
| 5 to 7 Years | 13.10% |
| 7 to 10 Years | 21.67% |
| 10 to 15 Years | 0.97% |
| 15 to 20 Years | 0.65% |
| 20 to 30 Years | 11.68% |
| 30+ Years | 4.02% |
Holdings
As of 11/13/2025 (Updated Daily)
RECV IRSUSD3.63%2030-09-1
RECV IRS USD FIXED 3.13%
RECV IRSUSD3.58%2027-09-1
US TREASURY N/B 4 2/30
RECV IRSUSD3.18%2030-12-1
RECV IBXXLLTRSOFRINDX202
RECV IRSUSD3.53%2035-12-1
FNCL 5.5 12/25
IFT - MONEY MARKET PORT
G2SF 5.5 12/25
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) 4.95%
At Market Price 4.94%
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
11/04/2025
10/02/2025
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 - $25.36
- Lowest NAV
As of 08/26/2025 - $25.00
- Highest Market Price
As of 09/15/2025 - $25.42
- Lowest Market Price
As of 08/29/2025 - $25.09
Premium / Discount
As of 11/13/2025
- 30-Day Median Bid/Ask Spread
- 0.20%
- Bid / Ask Spread
- $0.12
- Avg. of Market Price vs. NAV since Inception
- 0.23%
- Avg. of Market Price vs. NAV at Close
6 - 0.20%
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Franklin Multisector Income ETF |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Prospectus - Franklin Multisector Income ETF (MULT) | |||
| Summary Prospectus - Franklin Multisector Income ETF (MULT) | |||
| Statement of Additional Information - Franklin Multisector Income ETF (MULT) |
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. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. 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. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. Floating-rate loans and debt securities are typically rated below investment grade and are subject to greater risk of default, which could result in loss of principal. 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. These and other risks are discussed in the fund’s prospectus. The fund is newly organized, with a limited history of operations. When the fund’s size is small, the fund may experience low trading volume and wide bid/ask spreads. 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 US 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.