Franklin Templeton ETF Trust

09/26/2024 | Press release | Distributed by Public on 09/26/2024 07:26

Prospectus by Investment Company - Form 497

ETF2 P1 09/24

FRANKLIN TEMPLETON ETF TRUST
SUPPLEMENT DATED SEPTEMBER 26, 2024
TO THE SUMMARY PROSPECTUS, PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION ("SAI"),
EACH DATED AUGUST 1, 2024, OF
FRANKLIN HIGH YIELD CORPORATE ETF (THE "FUND")


Effective September 30, 2024, the following changes are made to the Fund's Summary Prospectus, Prospectus and SAI:

1.The following replaces all references to Thomas Runkel and Pururav Thoutireddy in the section titled "Fund Summary - Portfolio Managers" in the Fund's Summary Prospectus and Prospectus:

Bryant Dieffenbacher, CFA
Portfolio Manager of Advisers and portfolio manager of the Fund since September 2024.

2.The following replaces all references to Thomas Runkel and Pururav Thoutireddy in the section titled "Fund Details - Management" in the Fund's Prospectus:

Bryant Dieffenbacher, CFA Portfolio Manager of Advisers
Mr. Dieffenbacher has been a portfolio manager of the Fund since September 2024. He joined Franklin Templeton in 2010.

3.The following replaces all references to Thomas Runkel and Pururav Thoutireddy in the section titled "Management and Other Services - Portfolio managers"in the Fund's SAI:

Name

Type of
Account

Number of

Accounts

Managed

Total Assets

Managed

(x $1 million)

Number of Accounts

Managed for which

Advisory Fee is

Performance-Based

Assets Managed for which

Advisory Fee is

Performance-Based

(x $1 million)

Bryant Dieffenbacher*

Registered

Investment

Companies

1

1,057.5

None

None

Other Pooled

Investment

Vehicles

1

2,758.7

None

None

Other

Accounts

None

None

None

None

*Information is provided as of August 31, 2024.

4.The following replaces all references to Thomas Runkel and Pururav Thoutireddy in the section titled "Management and Other Services - Portfolio managers - Ownership of Fund shares" in the Fund's SAI:

Portfolio Manager

Dollar Range of Fund Shares Beneficially Owned

Bryant Dieffenbacher*

None

*Information is provided as of August 31, 2024

Please retain this supplement for future reference.