Franklin Municipal High Yield ETF
Data updated: 2026-09-25
C000263085 — Franklin Municipal High Yield ETF. Long Corporate Bond · $565.53M AUM · 0.35% expense ratio. Holdings, fees, performance and SEC filings.
C000263085 Fund Overview
Franklin Municipal High Yield ETF is a US ETF managed by Putnam ETF Trust, categorised as Long Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Putnam ETF Trust
- Category: Long Corporate Bond
- Assets under management: $565.53M
- SEC CIK: 0001845809
- SEC series ID: S000094552
- Share class ID: C000263085
C000263085 Investment Objective and Strategy
Franklin Municipal High Yield ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Putnam ETF Trust.
Investment objective
The fund seeks high current income exempt from federal income tax.
Principal investment strategy
The fund invests mainly in bonds (including general obligation bonds, revenue obligation bonds, and tender option bonds) that pay interest that is exempt from federal income tax (but that may be subject to federal alternative minimum tax (AMT)), are a combination of below-investment-grade (sometimes referred to as junk bonds) and investment-grade securities, and have intermediate- to long-term maturities (i.e., three years or longer). Under normal circumstances, the fund invests at least 80% of its net assets in tax-exempt investments. Such tax-exempt investments in which the fund invests are issued by or for states, territories or possessions of the United States or by their political subdivisions, agencies, authorities or other government entities, and the income from these investments is exempt from federal income tax.
This investment policy cannot be changed without the approval of the funds shareholders. Interest income from private activity bonds may be subject to federal AMT for individuals. As a policy that cannot be changed without the approval of fund shareholders, the fund cannot include these investments for the purpose of complying with the 80% investment policy described above. The Investment Manager may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments.
C000263085 Holdings
Top 10 holdings of Franklin Municipal High Yield ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Putnam Investment Funds | 4.16% |
| Ny Nycgen 5.5 05/01/2050 | 2.37% |
| South Carolina Jobs-Economic Development Authority (sc) | 1.87% |
| New York Transportation Development Corp. (ny) | 1.58% |
| Alaska Indl Dev & Expt Auth | 1.42% |
| Cscda Community Improvement Authority (ca) | 1.21% |
| Fl Oramed 4 10/01/2052 | 1.15% |
| Denver Colo City & Cnty | 1.10% |
| Grays Harbor County Public Utility District N.1 (wa) | 0.95% |
| Puerto Rico, Commonwealth Of | 0.95% |
C000263085 Portfolio Allocation
Asset-class allocation of Franklin Municipal High Yield ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 102.5% |
| Cash & Equivalents | 4.2% |
| Real Estate | 0.1% |
C000263085 Performance
Total returns for C000263085 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 2.0% |
C000263085 Costs and Fees
C000263085 costs about $35 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.35%
- Gross expense ratio: 0.35%
- Portfolio turnover: 23%
C000263085 Cashflows
Over the 12 months to 2026-04, Franklin Municipal High Yield ETF had net outflows of $107.07M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $3.47M |
| 2026-03 | −$1.75M |
| 2026-02 | $2.36M |
| 2026-01 | $553.28K |
| 2025-12 | −$6.95M |
| 2025-11 | −$12.23M |
C000263085 Debt Constituents
Largest debt holdings of Franklin Municipal High Yield ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Ny Nycgen 5.5 05/01/2050 | 2.37% |
| South Carolina Jobs-Economic Development Authority (sc) | 1.87% |
| New York Transportation Development Corp. (ny) | 1.58% |
| Alaska Indl Dev & Expt Auth | 1.42% |
| Cscda Community Improvement Authority (ca) | 1.21% |
| Fl Oramed 4 10/01/2052 | 1.15% |
| Denver Colo City & Cnty | 1.10% |
| Grays Harbor County Public Utility District N.1 (wa) | 0.95% |
| Puerto Rico, Commonwealth Of | 0.95% |
| Maryland Economic Development Corp. (md) | 0.93% |
C000263085 Prospectus and SEC Filings
Official Franklin Municipal High Yield ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.