-

Franklin Templeton Discontinues Reorganization of Western Asset Total Return ETF into Western Asset Bond ETF

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Templeton today discontinued the proposed reorganization of Western Asset Total Return ETF (WBND) into the Western Asset Bond ETF (WABF) due to WBND’s failure to receive the requisite shareholder approval of the reorganization at today’s special meeting of shareholders of WBND.

In light of WBND’s failure to garner the requisite votes necessary to approve the reorganization, it is anticipated that, at a future date, the Board of Trustees of WBND may consider other actions that it may deem to be necessary or appropriate for WBND.

On September 6, 2024, Franklin Templeton announced the proposed reorganization of WBND into WABF subject to the approval of WBND shareholders.

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 1,500 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 December 31, 2024. For more information, please visit franklintempleton.com and follow us on LinkedIn, X and Facebook.

All investments involve risks, including possible loss of principal. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. Asset-backed, mortgage-backed or mortgage-related securities are subject to prepayment and extension risks. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. Active management does not ensure gains or protect against market declines. 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. Active and frequent trading may increase a shareholder's tax liability and transaction costs. 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. Western Asset Management Company, LLC and Franklin Distributors, LLC are Franklin Templeton affiliated companies.

Copyright © 2025. Franklin Templeton. All rights reserved.

Contacts

Franklin Templeton Corporate Communications:
Lisa Tibbitts, (904) 942-4451, Lisa.Tibbitts@franklintempleton.com

Franklin Templeton


Release Summary
Franklin Templeton discontinued the proposed reorganization of two Western Asset ETFs due to failure to receive shareholder approval.
Release Versions

Contacts

Franklin Templeton Corporate Communications:
Lisa Tibbitts, (904) 942-4451, Lisa.Tibbitts@franklintempleton.com

More News From Franklin Templeton

Franklin Resources, Inc. Announces Preliminary Month-End Assets Under Management

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1.64 trillion at August 31, 2025, compared to $1.62 trillion at July 31, 2025. This month’s AUM reflected the positive impact of markets partially offset by preliminary long-term net outflows of $3 billion, including the funding of a $6 billion fixed income mandate. Preliminary long-term net outflows also include $7 billion of long-...

Franklin Resources, Inc. Announces Quarterly Dividend

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. (the “Company”) [NYSE:BEN] announced a quarterly cash dividend in the amount of $0.32 per share payable on October 10, 2025 to stockholders of record holding shares of common stock at the close of business on September 30, 2025. The quarterly dividend of $0.32 per share is equivalent to the dividend paid for the prior quarter and represents a 3.2% increase over the quarterly dividend paid for the same quarter last year. About Franklin...

Franklin Resources, Inc. Announces Preliminary Month-End Assets Under Management

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. Announces Preliminary Month-End Assets Under Management...
Back to Newsroom