Franklin enters the covered call ETF space, with bi-weekly or "payday-like" distributions. One of the ETFs uses the S&P 500 as base, the other uses Nasdaq 100, but they don't track the indices. Portfolio is enhanced, meaning they either buy winners and sell losers, or tweak the positions relative to the underlying index.
• Franklin PayDay Core Enhanced Equity Income ETF
• Franklin PayDay Innovation Enhanced Equity Income ETF
Eff: Dec 28, 2026
Fees: 0.27%
Website: http://franklintempleton.com
Putnam Investment Management, LLC and ClearBridge Investments, LLC are the “equity sub-advisors”.
Filing is here
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