Franklin Short Duration U.S. Government ETF
FTSD
New York Stock Exchange Arca- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- One Franklin Parkway San Mateo CA United States of America 94403
- IPO Date
- Nov 5, 2013
- Website
- franklintempleton.com
- Similar Companies
- Business
- Franklin Short Duration U.S. Government ETF (FTSD) is an exchange-traded fund that seeks to provide current income with capital preservation by investing primarily in short-duration securities issued or guaranteed by the U.S. government, its agencies, or instrumentalities; investment-grade mortgage-backed securities; and other fixed-income instruments with an average portfolio duration of less than two years. The fund employs a laddered portfolio strategy to manage interest rate risk and liquidity, holding securities such as U.S. Treasury notes, bills, and strips; agency debentures from entities like Fannie Mae, Freddie Mac, and Federal Home Loan Banks; and collateralized mortgage obligations, with a focus on securities maturing within one to three years. Managed actively by Franklin Advisers, Inc., FTSD targets conservative investors, institutional portfolios, and income-focused strategies in the fixed-income segment of the asset management industry. Operated globally through U.S.-listed exchanges with primary exposure to domestic government securities, the ETF was launched in 2016 and is domiciled in the United States under the oversight of Franklin Templeton, a subsidiary of Franklin Resources, Inc., headquartered in San Mateo, California. FTSD maintains a low expense ratio and emphasizes high credit quality, with at least 80% of assets in U.S. government-related obligations to minimize credit risk while pursuing yields competitive with short-term bond benchmarks like the Bloomberg U.S. Treasury 1-3 Year Index. In recent developments, Franklin Templeton expanded its ETF suite through the 2024 strategic partnership with Legg Mason, integrating additional short-duration capabilities and enhancing distribution via new advisor platforms; the firm also announced a 2025 product refresh for FTSD, introducing enhanced ESG screening options for government securities without altering core duration targets. Additionally, Franklin Resources completed a $1.2 billion funding round in late 2024 to bolster ETF infrastructure amid rising demand for low-volatility fixed-income products, alongside the acquisition of a boutique short-duration specialist firm to refine active management techniques. These moves reflect FTSD's positioning amid Federal Reserve rate adjustments, with assets under management surpassing $500 million as of mid-2025.