Franklin Templeton Announces Plan to Liquidate ETFs

New York – September 8, 2026 – Franklin Templeton, today announced it will liquidate and dissolve the following funds: BrandywineGLOBAL—Dynamic US Large Cap Value ETF (DVAL), BrandywineGLOBAL—U.S. Fixed Income ETF (USFI), and Franklin Multisector Income ETF (MULT). The liquidation is anticipated to occur on or about November 3, 2026. The liquidation was approved by the Board of Trustees of Franklin Templeton ETF Trust on September 3, 2026.

After the close of business on October 6, 2026, the Funds will no longer accept creation orders. Trading in the Funds on the Nasdaq Stock Market LLC (NASDAQ) will be halted prior to market open on October 28, 2026. Proceeds of the liquidation are currently scheduled to be sent to shareholders on or about November 3, 2026.

When the Funds are in the process of liquidating their portfolios, which is anticipated to commence prior to October 28, 2026, the Funds will hold cash and securities that may not be consistent with the Funds’ investment goals and strategies.

Shareholders may sell their shares of a Fund on NASDAQ until the market close on October 27, 2026 and may incur the usual and customary brokerage commissions associated with the sale of Fund shares. The Funds’ shares will no longer trade on NASDAQ after market close on October 27, 2026, and the shares will be subsequently delisted. At the time the liquidation of the Funds is complete, shares of the Funds will be individually redeemed. Shareholders who do not sell their shares of a Fund before market close on October 27, 2026, will receive cash equal to the amount of the net asset value of their shares, which will include any capital gains and dividends, on or about November 3, 2026.

For those shareholders with taxable accounts and for Federal, state and local income tax purposes: (a) any liquidation proceeds paid to such shareholder should generally be treated as received by such shareholder in exchange for the shareholder’s shares and the shareholder will therefore generally recognize a taxable gain or loss; and (b) in connection with the liquidation, a Fund may declare taxable distributions of its income and/or capital gain. Shareholders should consult their tax advisers regarding the effect of a Fund’s liquidation in light of their individual circumstances.

About Franklin Templeton
Franklin Templeton is a trusted investment partner, delivering tailored solutions that align with clients’ strategic goals. With deep portfolio management expertise across public and private markets, we combine investment excellence with cutting-edge technology. Since our founding in 1947, we have empowered clients through strategic partnership, forward-looking insights, and continuous innovation – providing the tools and resources to navigate change and capture opportunity.

With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and $1.82 trillion in assets under management as of August 31, 2026.

To learn more, visit franklintempleton.com and follow us on LinkedIn.

Franklin Templeton, Inc. [NYSE: BEN]

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