Franklin Templeton Launches BrandywineGLOBAL – U.S. Fixed Income ETF (USFI)

Franklin Templeton today announced the expansion of its U.S.-domiciled fixed income exchange-traded fund (ETF) lineup with the launch of BrandywineGLOBAL – U.S. Fixed Income ETF on Nasdaq under the ticker USFI. Brandywine Global, a specialist investment manager of Franklin Templeton, has provided a range of differentiated fixed income, equity and alternative solutions to clients since 1986.

USFI seeks total return by investing in U.S. fixed income securities, including debt issued or guaranteed by the U.S. government, its agencies or instrumentalities and political sub-divisions, U.S. corporate debt securities, mortgage-backed securities and asset-backed securities of U.S. issuers, and other fixed income and related investments. USFI invests in investment-grade and U.S. dollar-denominated fixed income securities.

USFI’s portfolio management team consists of Anujeet Sareen, CFA; Brian L. Kloss, JD, CPA; Jack P. McIntyre, CFA; and Tracy Chen, CFA, CAIA. Brandywine Global’s U.S. Fixed Income institutional investment strategy was launched in 1995 and has more than $3.2 billion in assets under management in separately managed accounts and other pooled vehicles as of June 30, 2023.¹

“A tumultuous 2022 capped years of low yields for fixed income. Now, that’s all changed, and the current environment provides a compelling opportunity for investors to reconsider their allocations to bonds. We believe our focus on active management and strategic portfolio decisions differentiates our approach to investing in U.S. fixed income and offers an attractive complement to investors’ other portfolio allocations,” said Sareen. “Our active duration decisions, which rely on Brandywine Global’s top-down, macroeconomic-driven investment approach, combined with our bottom-up fundamental analysis of individual investment opportunities, will make USFI a valuable offering for ETF investors.”

“Franklin Templeton continues to leverage the expertise of our specialist investment managers to develop products that meet investors’ needs and preferences and respond to changing dynamics in the greater investment landscape. A recurring topic of conversation with clients this year has been active fixed income ETFs,” said Patrick O’Connor, Global Head of ETFs for Franklin Templeton. “We believe fixed income is an area where active management shines, and we are excited to bring Brandywine Global’s nearly 30 years of experience in the U.S. fixed income market to this new ETF.”