Franklin Templeton Announces Reorganization of Western Asset Total Return ETF into Western Asset Bond ETF
The reorganization of WBND into WABF includes the transfer of substantially all of WBND’s assets, net of any liabilities, to WABF in exchange for shares of WABF. Shares of WABF will be distributed to current shareholders of WBND, and cash will be distributed in lieu of fractional shares, if applicable.
The reorganization is subject to the approval of WBND shareholders; the shareholder meeting is scheduled for
It is anticipated that, in the fourth quarter of 2024, shareholders of WBND will receive a combined prospectus/proxy statement with details of the reorganization.
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All investments involve risks, including possible loss of principal. The fund is newly organized, with a limited history of operations. 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.
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Source: Franklin Templeton