The team at a $1.62-trillion-AUM*, publicly traded, asset manager titan added two active ETFs last week to their suite of more than 100 ETFs with more than $47 billion in AUM**.

David Isaac Mann Franklin Templeton Investments Senior Vice President, Head of ETF Product & Capital Markets

Last Thursday (August 28), David Mann, head of ETF product and capital markets at Franklin Templeton [profile], and Mike Salm, portfolio manager at Franklin Templeton Fixed Income, unveiled the launch of the Franklin Multisector Income ETF (MULT on the Nasdaq). Then on Friday (August 29), Mann and Matt Quinlan, another Franklin PM, unveiled the launch of the Franklin Dividend Growth ETF (FRIZ NYSE Arca). San Mateo, California-based Franklin Advisers, Inc. serves as investment advisor to both new funds.

FRIZ's inception date was Thursday, while MULT's was last Tuesday (August 26). MULT comes with an expense ratio of 39 basis points, while FRIZ's expense ratio is 49bps. As Friday, FRIZ had about $4.99 million in AUM, while MULT had about $15.11 million.

MULT's Franklin Advisers PM team, from Franklin Templet Fixed Income, includes:

Albert Chan, PM;

Patrick Klein, senior vice president; and

Salm, PM.

FRIZ's Franklin Advisers PM team, from Franklin Equity Group, includes:

Amritha Kasturirangan, PM;

Quinlan, SVP; and

Nayan Sheth, PM.

Mann puts the launch of FRIZ in the context of what he describes as rising "advisor demand for high-quality, research-driven active strategies delivered through the ETF vehicle." Quinlan highlights the Franklin team's "decades of expertise and time-tested dividend investment philosophy."

"In today's uncertain market environment, we believe that companies with the ability to grow their dividends offer a compelling combination of stability and long-term growth potential," Quinlan states.

"FRIZ expands our product suite into the large blend category and gives clients another way to access our dividend expertise in a highly diversified portfolio," Mann states.

As for MULT, Mann notes that "advisors and investors are increasingly looking to active ETFs for tools that can adapt in real time to a changing market landscape." Salm notes that the new ETF draws on "the depth and specialization of [Franklin's] fixed income platform with a clear focus on outcomes."

"In a market defined by crosscurrents, from policy uncertainty to credit dispersion, we believe a flexible and research-intensive strategy like this can help investors better navigate risks while uncovering overlooked sources of income," Salm states.

"MULT adds to our growing suite of actively managed strategies designed to meet that demand, offering diversified income potential with the transparency and efficiency of the ETF vehicle," Mann states.

MULT and FRIZ are each actively managed series of the Franklin Templeton ETF Trust. The new ETFs' other service providers include:

the Bank of New York Mellon (BNY Mellon) as custodian, dividend-paying agent, sub-administrator, and transfer agent;

Franklin Distributors, LLC as distributor;

Franklin Templeton Services, LLC (FT Services) as administrator; and

PricewaterhouseCoopers LLP as independent accounting firm.

*As of July 31, 2025.

**As of August 21, 2025. 

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