Franklin Templeton is the latest fund firm to file for an active ETF. The AETF will be very similar to PIMCO's MINT, and Guggenheim's GSY. The initial fund is named Franklin Templeton Short Duration Government ETF. Expense ratios were not disclosed. If ever launched, FPR believes the fund can actually generate around $100 million in AUM in short order - if there are no significant changes on the market by then. The current wait for active ETFs is 1-2 years. That is because SEC is mandated to take a gradual approach to allowing innovation. As per our report "12 Megatrends for the ETF Market 2012-2015" - FPR advises fund firms to think offensive, not defensive with AETF strategy. To get this report - click on our website and become a fund client of the ETF Business Review. Attached below is the filing - click on full screen to read it.