Franklin Templeton today announced the reorganization of ClearBridge All Cap Growth ESG ETF (CACG) into ClearBridge Large Cap Growth ESG ETF (LRGE). This reorganization is expected to be completed on or around June 14, 2024.

The reorganization of CACG into LRGE includes the transfer of substantially all of CACG's assets, net of any liabilities, to LRGE in exchange for shares of LRGE. Shares of LRGE will be distributed to current shareholders of CACG, and cash will be distributed in lieu of fractional shares, if applicable.

The reorganization of CACG into LRGE was approved by each of the funds' board of trustees on February 29, 2024, and does not require the approval of shareholders.

In the second quarter of 2024, it is expected that shareholders of CACG will receive a Combined Prospectus/Information Statement with details on the reorganization.

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 fixed income, equity, alternatives and multi-asset solutions. With more than 1,400 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and approximately $1.6 trillion in assets under management as of January 31, 2024. For more information, please visit franklintempleton.com and follow us on LinkedIn, Twitter and Facebook.

All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. Large-capitalization companies may fall out of favor with investors based on market and economic conditions. Depository receipts are subject to international investment risk and potentially negative effects from currency exchange rates, foreign taxation and differences in auditing and other financial standards. 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. The managers' environmental, social and governance (ESG) strategies may limit the types and number of investments available and, as a result, may forgo favorable market opportunities or underperform strategies that are not subject to such criteria. There is no guarantee that the strategy's ESG directives will be successful or will result in better performance. 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. ClearBridge Investments, LLC, and Franklin Distributors, LLC, are Franklin Templeton affiliated companies.

Copyright (C) 2024. Franklin Templeton. All rights reserved.

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SOURCE: Franklin Templeton

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Franklin Templeton Corporate Communications: Vanessa Garcia, (917) 562-5151, vanessa.garcia@franklintempleton.com

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