New actively managed ETF leverages Franklin Templeton Fixed Income’s sector expertise to pursue income across global bond markets

Franklin Templeton today announced the launch of the Franklin Multisector Income ETF (Nasdaq: MULT), a new actively managed exchange-traded fund designed to pursue diversified income and long-term capital appreciation. The fund aims to offer investors dynamic exposure to a broad opportunity set across global fixed income markets, while maintaining a disciplined risk management framework.

“MULT brings together the depth and specialization of our fixed income platform with a clear focus on outcomes,” said Mike Salm, portfolio manager at Franklin Templeton Fixed Income. “In a market defined by crosscurrents, from policy uncertainty to credit dispersion, we believe a flexible and research-intensive strategy like this can help investors better navigate risks while uncovering overlooked sources of income.”

The fund invests opportunistically across a wide range of bond sectors, including corporate credit, government and agency securities, securitized debt, and emerging markets. MULT’s portfolio construction is guided by rigorous bottom-up security selection and informed by macroeconomic insights, allowing the team to adapt to shifting market conditions without sacrificing risk discipline.

MULT is managed by Franklin Templeton Fixed Income, which includes more than 160 investment professionals worldwide and $224 billion assets under management, as of June 30, 2025. The fund is led by senior members of the team: Mike Salm, Patrick Klein, and Albert Chan.

“Advisors and investors are increasingly looking to active ETFs for tools that can adapt in real time to a changing market landscape,” said David Mann, Head of ETF Product and Capital Markets at Franklin Templeton. “MULT adds to our growing suite of actively managed strategies designed to meet that demand, offering diversified income potential with the transparency and efficiency of the ETF vehicle.”

This latest addition continues the expansion of Franklin Templeton’s robust ETF business, which now spans more than 137 ETFs across active, passive, and smart beta strategies, with over $47 billion in ETF assets under management globally as of August 21, 2025.

For more information, visit franklintempleton.com/etfs.

About Franklin Templeton

Franklin Resources, Inc. (NYSE: BEN) is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the Company offers specialization on a global scale, bringing extensive capabilities in equity, fixed income, alternatives and multi-asset solutions. 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 $1.62 trillion in AUM as of July 31, 2025. The Company posts information that may be significant for investors in the Investor Relations and News Center sections of its website, and encourages investors to consult those sections regularly. For more information, please visit investors.franklinresources.com.

About Franklin Templeton ETFs

At Franklin Templeton, we've built an all-weather ETF and ETP platform. With over $47 billion in AUM and 100+ ETFs across all asset classes (as of 8/21/25), we offer comprehensive solutions to keep clients invested in any market. Backed by 11 specialist investment managers delivering an established lineup of active, passive and smart beta + innovation-focused ETP strategies, we partner to serve wealth managers in a variety of ways across an entire portfolio. Experience the power of a partnership that opens doors to endless possibilities. For more information, please visit https://www.franklintempleton.com/investments/capabilities/etfs/index.

Important Information

ETFs and ETPs trade like stocks, fluctuate in market value and may trade at prices above or below the ETFs/ETPs net asset value. Brokerage commissions and ETF/ETP expenses will reduce returns.

ETF/ETP shares may be bought or sold throughout the day at their market price, not their Net Asset Value (NAV), on the exchange on which they are listed. Shares of ETFs/ETPs are tradable on secondary markets and may trade either at a premium or a discount to their NAV on the secondary market.

What are the 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. 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.

Before investing, carefully consider a fund's investment objectives, risks, charges and expenses. You can find this and other information in each prospectus, or summary prospectus, if available, at www.franklintempleton.com. Please read it carefully.

Franklin Distributors, LLC Member FINRA/SIPC

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