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AMENDMENT TO
CUSTODY AGREEMENT
This AMENDMENT (“Amendment”) is made and entered into, as of the latest date on the signature page hereto (the “Effective Date”), by and between Franklin Templeton ETF Trust, Franklin ETF Trust and Legg Mason ETF Investment Trust, on behalf of their respective series listed on Appendix I (each a “Customer”) and THE BANK OF NEW YORK MELLON (“BNY”). BNY and Customer are collectively referred to as the “Parties” and individually as a “Party”.
WHEREAS, Customer and BNY have entered into a Custody Agreement dated as of June 6, 2025 (as amended, restated, supplemented or otherwise modified from time to time, the “Agreement”); and
WHEREAS, Customer and BNY desire to amend the Agreement as set forth herein;
NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and intending to be legally bound, the Parties agree as follows.
1. Appendix I of the Agreement is hereby amended to reflect the addition of the following entities:
Franklin Small Cap Enhanced ETF
Templeton Emerging Markets Debt ETF
2. Appendix I to the Agreement is hereby amended and restated in its entirety and replaced with the Amended Appendix I attached hereto, which has been revised to incorporate the above referenced changes.
3. As hereby amended and supplemented, the Agreement shall remain in full force and effect in accordance with its terms. In the event of a conflict between the terms hereof and the Agreement, this Amendment shall control. From and after the Effective Date, any reference to the Agreement shall be a reference to the Agreement as amended hereby. Capitalized terms not specifically defined herein will have the same meaning ascribed to them under the Agreement.
4. This Amendment constitutes the sole and entire agreement among the Parties with respect to the matters dealt with herein, and merges, integrates and supersedes all prior and contemporaneous discussions, agreements and understandings between the Parties, whether oral or written, with respect to such matters.
5. This Amendment may be executed in any number of counterparts, either manually or by Electronic Signature, each of which will be deemed an original, and said counterparts when taken together will constitute one and the same instrument and may be sufficiently evidenced by one set of counterparts. Executed counterparts may be delivered by facsimile or email. “Electronic Signature” means an image, representation or symbol inserted into an electronic copy of the Amendment by electronic, digital or other technological methods.
6. The governing law provision of the Agreement shall be the governing law provision of this Amendment.
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7. Each of the Parties represents and warrants to the other that it has full authority to enter into this Amendment upon the terms and conditions hereof and that the individual executing this Amendment on its behalf has the requisite authority to bind such Party or Parties to this Amendment, including by Electronic Signature, and any such Electronic Signature represents an intent to enter into this Amendment and an agreement with its terms.
8. Each of the Parties represents and warrants to the other that it has full authority to enter into this Amendment upon the terms and conditions hereof and that the individual executing this Amendment on its behalf has the requisite authority to bind such Party or Parties to this Amendment, including by Electronic Signature, and any such Electronic Signature represents an intent to enter into this Amendment and an agreement with its terms. Each of Franklin Templeton ETF Trust, Franklin ETF Trust or Legg Mason ETF Investment Trust in its individual capacity represents and warrants that it has the authority to act on behalf of and bind each of its respective series listed on Appendix I to the terms of this Amendment.
[Remainder of page intentionally left blank]
[Signature page follows]
IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date.
| THE BANK OF NEW YORK MELLON | FRANKLIN TEMPLETON ETF TRUST | |||||||
| FRANKLIN ETF TRUST | ||||||||
| LEGG MASON ETF INVESTMENT TRUST | ||||||||
| ON BEHALF OF THEIR RESPECTIVE SERIES LISTED ON APPENDIX I | ||||||||
| By: | /s/ Danielle J. Adamson |
By: | /s/ Chris Kings | |||||
| Name: | Danielle Adamson | Name: | Chris Kings | |||||
| Title: | Director | Title: | Chief Executive Officer, Finance and Administration | |||||
| Date: | 11/18/2025 | Date: | 11/17/2025 | 9:37 AM PST | |||||
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APPENDIX I
FRANKLIN TEMPLETON ETF TRUST
| Franklin Emerging Market Core Dividend Tilt Index ETF |
| Franklin International Core Dividend Tilt Index ETF |
| Franklin U.S. Core Dividend Tilt Index ETF |
| Franklin U.S. Large Cap Multifactor Index ETF |
| Franklin U.S. Mid Cap Multifactor Index ETF |
| Franklin U.S. Small Cap Multifactor Index ETF |
| Franklin International Dividend Booster Index ETF |
| Franklin U.S. Dividend Booster Index ETF |
| Franklin FTSE Asia ex Japan ETF |
| Franklin FTSE Australia ETF |
| Franklin FTSE Brazil ETF |
| Franklin FTSE Canada ETF |
| Franklin FTSE China ETF |
| Franklin FTSE Europe ETF |
| Franklin FTSE Eurozone ETF |
| Franklin FTSE Germany ETF |
| Franklin FTSE India ETF |
| Franklin FTSE Japan ETF |
| Franklin FTSE Japan Hedged ETF |
| Franklin FTSE Latin America ETF |
| Franklin FTSE Mexico ETF |
| Franklin FTSE Russia ETF (liquidation pending) |
| Franklin FTSE Saudi Arabia ETF |
| Franklin FTSE South Korea ETF |
| Franklin FTSE Switzerland ETF |
| Franklin FTSE Taiwan ETF |
| Franklin FTSE United Kingdom ETF |
| Franklin U.S. Equity Index ETF |
| BrandywineGLOBAL-Dynamic US Large Cap Value ETF |
| BrandywineGLOBAL-U.S. Fixed Income ETF |
| ClearBridge Sustainable Infrastructure ETF |
| Franklin Disruptive Commerce ETF |
| Franklin Dynamic Municipal Bond ETF |
| Franklin Exponential Data ETF |
| Franklin Focused Growth ETF |
| Franklin Genomic Advancements ETF |
| Franklin High Yield Corporate ETF |
| Franklin Income Equity Focus ETF |
| Franklin Income Focus ETF |
| Franklin Intelligent Machines ETF |
| Franklin International Aggregate Bond ETF |
| Franklin Investment Grade Corporate ETF |
| Franklin Municipal Green Bond ETF |
| Franklin Senior Loan ETF |
| Franklin Systematic Style Premia ETF |
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| Franklin Ultra Short Bond ETF |
| Franklin U.S. Core Bond ETF |
| Franklin U.S. Treasury Bond ETF |
| Franklin Sustainable International Equity ETF |
| Western Asset Bond ETF |
| Franklin Dividend Growth ETF |
| Franklin Multisector Income ETF |
| Templeton International Insights ETF |
| Putnam International Stock ETF |
| Franklin Small Cap Enhanced ETF |
| Templeton Emerging Markets Debt ETF |
FRANKLIN ETF TRUST
| Franklin Short Duration U.S. Government ETF |
LEGG MASON ETF INVESTMENT TRUST
| Franklin ClearBridge Enhanced Income ETF |
| ClearBridge Large Cap Growth Select ETF |
| Royce Quant Small-Cap Quality Value ETF |
| Western Asset Short Duration Income ETF |
| Western Asset Total Return ETF |
| Franklin International Low Volatility High Dividend Index ETF |
| Franklin U.S. Low Volatility High Dividend Index ETF |
CAYMAN SUBSIDIARIES
| FSLP Holdings Corporation |