Fund Description: Franklin LibertyQ Global Equity ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the Franklin Templeton ETF Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The Franklin LibertyQ Global Equity ETF seeks to provide investment results that will closely correspond, before fees and expenses, generally to the price and yield performance of the LibertyQ Global Equity Index. INDEX DESCRIPTION: TheLibertyQ Global Equity Index is a systematic, rules-based proprietary index that is owned and calculated by MSCI Inc. (MSCI) which is based on the MSCI ACWI ex REITs Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton’s desired investment strategy. The MSCI ACWI ex REITs Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets, excluding REIT securities. The Index includes stocks from developed and emerging market countries with high and persistent dividend income that have favorable exposure to a quality investment style factor. Factors are common characteristics that relate to a group of issuers or securities that are important in explaining the returns and risks of those issuers’ securities. The Index seeks to achieve a lower level of risk and higher risk-adjusted performance than the MSCI ACWI ex REITs Index over the long term by applying dividend persistence and yield screens and the quality factor selection process. The Index may include large- and mid-capitalization companies. FUND STRATEGY: Under normal market conditions, the Fund invests at least 80% of its assets in the component securities of the Index and in depositary receipts representing such securities. The Fund, using a passive or indexing investment approach, seeks investment results that closely correspond to the performance of the Index. The Fund’s intention is to replicate the component securities of the Index as closely as possible. However, under various circumstances, it may not be possible or practicable to purchase all of the component securities in their respective weightings in the Index. In these circumstances, the Fund may use a representative sampling strategy whereby the Fund would invest in what it believes to be a representative sample of the component securities of the Index, but may not track the Index with the same degree of accuracy as would an investment vehicle replicating the entire Index. Under the representative sampling technique, the investment manager will select securities that collectively have an investment profile similar to that of the Index, including securities that resemble those included in the Index in terms of risk factors, performance attributes and other characteristics, such as market capitalization and industry weightings. The Fund’s portfolio is reconstituted semi-annually following the semi-annual reconstitution of the Index. FUND MANAGEMENT: Franklin Advisers, Inc. serves as the investment adviser to the Fund.