This website is intended for residents of the United States.

    Franklin Short Duration U.S. Government ETF

    Type: Active | Symbol: FTSD | CUSIP: 353 506 108

    Share This Fund

    Fund Description

    The fund seeks to provide a high level of current income as is consistent with prudent investing, while seeking preservation of shareholders’ capital by investing at least 80% of its net assets in securities issued or guaranteed by the U.S. government, its agencies, or instrumentalities. The Fund targets an estimated average portfolio duration of three (3) years or less.
    Investment Management TeamAs of 12/31/2014
     Years with FirmYears Experience
    Roger Bayston (PDF)2329
    Patrick A. Klein (PDF)910

    Fund Strategy

    • The fund focuses on short-term securities, issued or guaranteed by the U.S. government, its agencies or instrumentalities.§
    • The fund invests across multiple investment grade debt sectors, including government and government agency debt securities, Treasury Inflation-Protected Securities (TIPs), Adjustable Rate Mortgages (ARMs) and Mortgage-Backed Securities (MBS).
    • The team analyzes key factors in making investment decisions, including interest rates, inflation and risk premiums.
    § Some securities owned by the fund, but not shares of the fund, are guaranteed by the U.S. government, its agencies or instrumentalities as to timely payment of principal and interest. The fund’s yield and share price are not guaranteed and will fluctuate with market conditions. Please see the fund’s prospectus for the level of credit support offered by government agency or instrumentality issues.

    Price Details

    NAV (As of  01/23/2015)$99.28
    NAV Change   $0.02 | 0.02%
    Market Price (As of  01/23/2015) $99.60
    Market Price Change   $0.33 | 0.33%

    Fund Information

    Fund Inception DateNovember 04, 2013
    Shares Outstanding276,000
    Total Fund Net Assets27,367,773.70
    Fund SectorShort Government
    Duration CategoryLow
    Benchmark Name
    Gross Expense Ratio 10.51%
    Net Expense Ratio0.30%
    Distribution Rate1.88%
    30-day Standardized Yield 2, 30.74%
    30-day Standardized Yield w/o Waiver 40.42%

    Performance data represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares.


    Trading Characteristics

    Trading Related Data (As of  01/23/2015)
    Daily Volume (Shares)300
    Premium/Discount as of market close0.32%
    Bid/Ask Spread$0.26


    NAV Per ShareFTSD.NV
    End Trading Value/Intraday NAVFTSD.IV
    Shares OutstandingFTSD.SO
    Estimated CashFTSD.EU
    Total CashFTSD.TC

    Fund Literature

    Fund Documents