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Managed Fund Since 2024
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
Total Net Assets
$1.04B
As of 08/09/2026 (Updated Daily)
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
4 As of 08/07/2026 (Updated Daily) - 4.72%
Identifiers
- Ticker
- FLGV
- CUSIP Code
- 35473P488
- ISIN Code
- US35473P4880
- Bloomberg Code
- FLGV US
Average Annual Total Returns As of 06/30/2026
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.
- 2.80%1 Year
- 3.23%3 Years
- -0.17%5 Years
- —10 Years
- -0.43%Since Inception
06/09/2020
Maturity Allocation
As of 08/06/2026 - Market Value % of Total (Updated Daily)
0 to 1 Year0.74% | |
1 to 2 Years18.87% | |
2 to 3 Years15.36% | |
3 to 5 Years20.99% | |
5 to 7 Years13.77% | |
7 to 10 Years7.97% | |
10 to 15 Years1.51% | |
15 to 20 Years8.85% | |
20 to 25 Years4.15% | |
25 to 30 Years7.78% |
Additional Fund Info
- Fiscal Year End
- March 31
- ETF Type
- Active
- Morningstar Category
10 - Intermediate Government
Trading Characteristics
As of 08/07/2026 (Updated Daily)- Shares Outstanding
- 51,800,000
- Daily Volume
- 79,968
- 20-Day Average Volume
- 88549.75
Manager and Commentary
About the Team
Franklin Templeton Fixed Income
A global leader in fixed income, the team strives to provide consistent and resilient returns by combining deep fundamental research with rigorous portfolio construction. This solutions-driven approach means maintaining portfolio and risk exposures that align with client expectations.
Commentary Highlights
June 30, 2026- Markets : Some of the risk aversion that had characterized financial markets at the end of the previous quarter eased during the second quarter, although geopolitical developments remained a key focus. The Middle East conflict continued to drive sentiment through the quarter, with markets reacting to shifting news around negotiations, before the United States and Iran signed a 14-point Memorandum of Understanding (MOU) in late June. The MOU formalized a ceasefire, established a 60-day negotiation framework and included provisions to restore shipping through the Strait of Hormuz. The US dollar was modestly stronger over the quarter, appreciating against most other currencies. The Federal Reserve (Fed) kept policy rates unchanged, but its tone became more hawkish overall as internal disagreement over the easing bias increased; minutes suggested rates could remain unchanged for longer and the June meeting removed previous easing guidance despite a more dovish press conference from new Fed Chair Kevin Warsh. Fixed income volatility measures eased during the quarter as risk aversion retreated somewhat. By the end of the period, the benchmark 10-year US Treasury (UST) yield rose by 15 basis points (bps) to 4.47%.
- Contributors : Underweight allocation to the two-year segment of the curve and an overweight allocation to the 30-year portion of the yield curve.
- Detractors : Overweight exposure to the five-year portion and an underweight allocation to the 10-year area of the yield curve.
- Outlook : The June Federal Open Market Committee (FOMC) meeting reinforced our view that the Fed is likely to remain on hold in the near term, although persistent inflation has increased the risk of further tightening. Our base case remains one of continued economic expansion rather than recession, with inflation proving more persistent than previously expected.
Franklin Templeton Fixed Income
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Managed Fund Since 2020
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Managed Fund Since 2026
Latest Insights
August 6, 2026
July 30, 2026
July 17, 2026
Performance
Average Annual Total Returns
As of 06/30/2026
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 June 2026
Franklin U.S. Treasury Bond ETF - Market Price Return (%)
Month End
As of 06/30/2026
- 1 Year
- 2.80
- 3 Years
- 3.23
- 5 Years
- -0.17
- Since Inception(06/09/2020)
- -0.43
Franklin U.S. Treasury Bond ETF - NAV Return (%)
Month End
As of 06/30/2026
- 1 Year
- 2.80
- 3 Years
- 3.20
- 5 Years
- -0.18
- Since Inception(06/09/2020)
- -0.44
Bloomberg US Treasury Index (%)
Month End
As of 06/30/2026
- 1 Year
- 2.71
- 3 Years
- 3.17
- 5 Years
- -0.42
- Since Inception(06/09/2020)
- -0.71
Ratings 3
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Portfolio
Assets
As of08/09/2026 (Updated Daily)
- Total Net Assets
- $1.04 Billion
Positions
As of 08/06/2026 (Updated Daily)
Number of Holdings
- Fund
- 51
- Benchmark
- 298
Portfolio Statistics
As of 08/06/2026 (Updated Daily)
Effective Duration
- Fund
- 5.73 Years
- Benchmark
- 5.68 Years
- Fund
- 7.76 Years
- Benchmark
- 7.63 Years
Maturity Allocation
As of 08/06/2026 - Market Value % of Total (Updated Daily)
| Maturity | Fund | Benchmark |
|---|---|---|
| 0 to 1 Year | 0.74% | — |
| 1 to 2 Years | 18.87% | 18.69% |
| 2 to 3 Years | 15.36% | 15.91% |
| 3 to 5 Years | 20.99% | 21.70% |
| 5 to 7 Years | 13.77% | 12.92% |
| 7 to 10 Years | 7.97% | 10.06% |
| 10 to 15 Years | 1.51% | 2.09% |
| 15 to 20 Years | 8.85% | 7.44% |
| 20 to 25 Years | 4.15% | 3.71% |
| 25 to 30 Years | 7.78% | 7.49% |
Holdings
As of 08/06/2026 (Updated Daily)
US TREASURY N 4.125 10/27
US TREASURY N/B 1.25 4/28
US TREASURY N/ 3.875 4/29
US TREASURY N/ 3.75 12/30
US TREASURY N/ 3.125 2/42
US TREASURY N/ 4.125 4/33
STRIPS 0 2/31
US TREASURY N/ 3.125 5/48
US TREASURY N/ 4.125 6/29
US TREASURY N 4.125 11/32
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) 4.72%
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
08/04/2026
07/02/2026
06/02/2026
05/04/2026
04/02/2026
03/03/2026
02/03/2026
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 08/07/2026 (Updated Daily)
Daily Fund Prices
As of 08/07/2026
Share Prices
As of 08/07/2026
52-Week Range
- Highest NAV
As of 10/22/2025 - $20.86
- Lowest NAV
As of 08/03/2026 - $19.92
- Highest Market Price
As of 10/21/2025 - $20.89
- Lowest Market Price
As of 08/03/2026 - $19.93
Premium / Discount
As of 08/07/2026
- 30-Day Median Bid/Ask Spread
- 0.05%
- Bid / Ask Spread
- $0.02
- Avg. of Market Price vs. NAV since Inception
- 0.02%
- Avg. of Market Price vs. NAV at Close
12 - 0.05%
Documents
Fund Literature
Factsheet - Franklin U.S. Treasury Bond ETF
Product Commentary - Franklin U.S. Treasury Bond ETF
Regulatory Documents
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
Q3 Portfolio Holdings - Franklin Templeton ETF Trust
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.