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Franklin U.S. Core Dividend Tilt Index ETF - Franklin Ultra Short Bond ETF is an exchange traded fund launched by Franklin Resources, Inc. The fund is managed by Franklin Advisers, Inc. The fund invests in the fixed income markets of the United States. The fund primarily invests in investment grade debt securities including government and corporate debt securities, money market instruments, mortgage- and asset-backed securities and municipal securities that are rated BBB- or higher by S&P or Baa3 or higher by Moody's. The fund seeks to invest in securities with maturity of 1 year or less. It invests in securities of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It employs fundamental analysis with bottom-up and top-down security picking approach to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the ICE BofA U.S. 3-Month Treasury Bill Index. Franklin U.S. Core Dividend Tilt Index ETF - Franklin Ultra Short Bond ETF was formed on July 14, 2020 and is domiciled in the United States.