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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>BARCLAYS PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CITIBANK NA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BARCLAYS PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BARCLAYS PLC</name>
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        <name>WEC Energy Group Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Alimentation Couche-Tard Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Penske Truck Leasing Co LP / PTL Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ABN AMRO BANK NV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CAPITAL ONE FINANCIAL CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GA GLOBAL FUNDING TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Essex Portfolio Lp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Realty Income Corporation</name>
        <lei>549300CUWDAUZSH43859</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>JOHN DEERE CAPITAL CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GOLDMAN SACHS GROUP INC (THE)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BANK OF MONTREAL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HOME DEPOT INC (THE)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Agree LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DANSKE BANK A/S</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LLOYDS BANKING GROUP PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NATIONAL AUSTRALIA BANK LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GENERAL MOTORS FINANCIAL COMPANY INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>General Motors Financial Company Inc</name>
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        <name>WEC Energy Group Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>COREBRIDGE GLOBAL FUNDING</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HCA Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST</name>
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          <isin value="US00774MAW55"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CREDIT AGRICOLE SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AT&amp;T INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NISOURCE INC</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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        <name>DANSKE BANK A/S</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CONSTELLATION ENERGY GENERATION LLC</name>
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        <title>CEG 3.9 01/08/28</title>
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        <fairValLevel>2</fairValLevel>
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        <name>BAE SYSTEMS PLC</name>
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        <title>BALN 5 03/26/27 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>HUNTINGTON BANCSHARES INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SUMITOMO MITSUI FINANCIAL GROUP INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Penske Truck Leasing Co LP / PTL Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK LIFE GLOBAL FUNDING</name>
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        <title>NYLIFE F 07/25/28 144A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Simon Property Group LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MARRIOTT INTERNATIONAL INC</name>
        <lei>225YDZ14ZO8E1TXUSU86</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>INSTITUTIONAL FIDUCIARY TRUST</name>
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        <title>INSTITUTIONAL FIDUCIARY TRUST US GOVT MNY MRKT</title>
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        <assetCat>STIV</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>O'Reilly Automotive Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>SKANDINAVISKA ENSKILDA BANKEN AB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DAIMLER TRUCKS FINANCE NORTH AMERICA LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TORONTO DOMINION BANK (THE)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PROTECTIVE LIFE GLOBAL FUNDING</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SKANDINAVISKA ENSKILDA BANKEN AB</name>
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        <name>Penske Truck Leasing Co LP / PTL Finance Corp.</name>
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        <name>SOCIETE GENERALE SA</name>
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        <name>NATIONAL AUSTRALIA BANK LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>INTERCONTINENTAL EXCHANGE INC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>INTESA SANPAOLO SPA NEW YORK BRANCH</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>SUMITOMO MITSUI TRUST BANK LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AvalonBay Communities, Inc.</name>
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        <name>UBS AG STAMFORD BRANCH</name>
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        <name>Kenvue Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TOYOTA MOTOR CREDIT CORP</name>
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        <name>NATIONWIDE BUILDING SOCIETY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HYUNDAI CAPITAL AMERICA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ING GROEP NV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SVENSKA HANDELSBANKEN AB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GLENCORE FUNDING LLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DUKE ENERGY CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>INTESA SANPAOLO SPA</name>
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        <title>ISPIM 3.875 07/14/27</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANQUE FEDERATIVE DU CREDIT MUTUEL SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NATIONAL BANK OF CANADA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TRUIST BANK</name>
        <lei>JJKC32MCHWDI71265Z06</lei>
        <title>TFC F 01/27/29 BKNT</title>
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        <fairValLevel>2</fairValLevel>
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        <name>COOPERATIEVE RABOBANK UA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TARGA RES CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BACR V5.501 08/09/28</title>
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        <fairValLevel>2</fairValLevel>
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        <name>NATWEST GROUP PLC</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NWG F 05/23/29</title>
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        <fairValLevel>2</fairValLevel>
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        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>DAIMLER TRUCKS FINANCE NORTH AMERICA LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>NVIDIA CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>DAIMLER TRUCKS FINANCE NORTH AMERICA LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CREDIT AGRICOLE SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CREDIT AGRICOLE SA LONDON BRANCH</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>HYUNDAI CAPITAL AMERICA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TOYOTA MOTOR CREDIT CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WESTPAC BANKING CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HUNTINGTON NATIONAL BANK</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JEFFERIES FINANCIAL GROUP INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Boston Properties LP</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Boston Properties LP</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>COMMONWEALTH BANK OF AUSTRALIA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AMEREN CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MERCEDES-BENZ FINANCE NORTH AMERICA LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SUMITOMO MITSUI TRUST BANK LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HSBC HOLDINGS PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BOEING COMPANY (THE)</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CARGILL INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Humana Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JP MORGAN CHASE &amp; COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LLOYDS BANKING GROUP PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CVS HEALTH CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NISOURCE INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NOVARTIS CAPITAL CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NATIONAL AUSTRALIA BANK LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>MET TOWER GLOBAL FUNDING</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NORDEA BANK ABP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AMERICAN EXPRESS COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SHERWIN-WILLIAMS COMPANY (THE)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MORGAN STANLEY BANK NA</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK LIFE GLOBAL FUNDING</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ENERGY TRANSFER LP</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>STATE STREET CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>MONDELEZ INTERNATIONAL INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ROYAL BANK OF CANADA NEW YORK BRANCH</name>
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        <name>TORONTO DOMINION BANK (THE)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RYDER SYSTEM INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NUTRIEN LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>WELLS FARGO &amp; COMPANY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NATIONAL AUSTRALIA BANK LTD NEW YORK BRANCH</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CAIXABANK SA</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>DEUTSCHE BANK AG NEW YORK BRANCH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Alimentation Couche-Tard Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>O'Reilly Automotive Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Simon Property Group LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SUMITOMO MITSUI TRUST BANK LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BPCE SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BOSTON SCIENTIFIC CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BANK OF AMERICA CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KROGER COMPANY (THE)</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Extra Space Storage LP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FIFTH THIRD BANCORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SWEDBANK AB</name>
        <lei>M312WZV08Y7LYUC71685</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>SANTANDER UK GROUP HOLDINGS PLC</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.90000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SYNOPSYS INC</name>
        <lei>QG7T915N9S0NY5UKNE63</lei>
        <title>SNPS 4.55 04/01/27</title>
        <cusip>871607AA5</cusip>
        <identifiers>
          <isin value="US871607AA58"/>
        </identifiers>
        <balance>465000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>465749.19000000</valUSD>
        <pctVal>0.087601784718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.55000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BOEING COMPANY (THE)</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>BA 5.04 05/01/27</title>
        <cusip>097023CU7</cusip>
        <identifiers>
          <isin value="US097023CU76"/>
        </identifiers>
        <balance>1946000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1951818.66000000</valUSD>
        <pctVal>0.367113463070</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>US BANK NA</name>
        <lei>6BYL5QZYBDK8S7L73M02</lei>
        <title>USB V4.507 10/22/27</title>
        <cusip>90331HPP2</cusip>
        <identifiers>
          <isin value="US90331HPP28"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1000413.61000000</valUSD>
        <pctVal>0.188165689977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50700000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      
      
      
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-08-25</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Templeton ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Monica Krogh</ncom:signature>
      <ncom:signerName>Monica Krogh</ncom:signerName>
      <ncom:title>Assistant Treasurer Controller, US Fund Administration and Oversight</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
