Franklin Templeton Investments on Wednesday bolstered its Franklin LibertyShares platform of exchange-traded funds with the launch of two new active funds—the Franklin Liberty U.S. Low Volatility ETF (FLLV) and the Franklin Liberty Investment Grade Corporate ETF (FLCO).

In addition, it added an existing active ETF that launched in 2013, the Franklin Liberty Short Duration U.S. Government ETF (FTSD), to the platform.

The company created the LibertyShares platform in June with a suite of four strategic-beta equity ETFs. The Franklin LibertyQ Global Equity ETF (FLQE), Franklin LibertyQ Emerging Markets ETF (FLQE) and Franklin LibertyQ International Equity Hedged ETF (FLQH) track proprietary multi-factor indexes based on four factors: quality, value, momentum and low volatility. The Franklin LibertyQ Global Dividend ETF (FLQD) employs an index that uses proprietary dividend and quality screens.

One of the new funds that launched today, the Franklin Liberty U.S. Low Volatility ETF, tracks the Russell 1000 Index and seeks to identify stocks with strong fundamental characteristics and the lowest realized volatility scores, based on a proprietary quantitative model. The fund’s net expense ratio is 0.50 percent.

The other new fund, the Franklin Liberty Investment Grade Corporate ETF, seeks capital preservation by investing at least 80% of its net assets in investment grade corporate debt securities and investments. The fund may invest up to 40% of its net assets in foreign securities, including those in developed markets, and up to 15% of its net assets in non-U.S. dollar denominated securities. It sports a net expense ratio of 0.40 percent.
 
The Franklin Liberty Short Duration U.S. Government ETF (FTSD) seeks to provide a high level of current income along with capital preservation by investing at least 80% of its net assets in securities issued or guaranteed by the U.S. government and its agencies. This three-year-old ETF has assets under management of nearly $169 million, and has a net expense ratio of 0.30 percent.
 
In toto, the Franklin LibertyShares fund platform has about $324 million in assets.