Legg Mason ETF Investment Trust - Western Asset Total Return ETF is an exchange traded fund launched and managed by Franklin Templeton Fund Adviser LLC. It is co-managed by Western Asset Management Company, LLC, Western Asset Management Company Limited, Western Asset Management Company Ltd., and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of global region. It invests directly, through funds and through derivatives like futures, options, forward and swaps in the securities. The fund invests in fixed income securities, debt instruments, equity securities of any type acquired in reorganizations of issuers of fixed income securities or debt instruments and non-convertible preferred securities. It employs fundamental analysis with a combination of top-down and bottom-up security picking approach to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the Bloomberg U.S. Aggregate Index. Legg Mason ETF Investment Trust - Western Asset Total Return ETF was formed on October 3, 2018 and is domiciled in the United States.