Franklin Municipal Income ETF
FTMU
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- One Franklin Parkway San Mateo CA United States of America 94403
- IPO Date
- Oct 24, 2025
- CIK
- 0001845809
- Website
- putnam.com
- Similar Companies
- Business
- Putnam ETF Trust (NYSE Arca: FTMU) serves as the issuer of exchange-traded funds, including the flagship Putnam Franklin Municipal Income ETF, which is an actively managed fund seeking high current income exempt from federal income tax through investments in investment-grade U.S. municipal bonds with intermediate- to long-term maturities of three years or longer; the portfolio emphasizes high credit quality across various states and market sectors, with approximately 267 holdings and total net assets of $472.25 million as of late 2025. The Trust offers exposure to tax-advantaged fixed income strategies, distributing ordinary income and capital gains, with shares tradable on secondary markets potentially at premiums or discounts to net asset value. In addition to FTMU, the Trust supports other Putnam-branded ETFs such as the Putnam ESG Ultra Short ETF (PULT) and Putnam Sustainable Future ETF (PFUT), focusing on sustainable themes, ultra-short duration, and mid-cap growth equities. Established under Putnam Investments, founded in 1937 and headquartered in Boston, Massachusetts, the Trust operates as part of Franklin Templeton's global platform following Franklin Templeton's acquisition of Putnam Investments, completed on January 1, 2024, from Great-West Lifeco Inc., which expanded Franklin Templeton's assets under management to $1.55 trillion and strengthened capabilities in retirement, insurance, and municipal bond strategies. The acquisition integrated Putnam's $142 billion in assets, including complementary offerings in stable value, ultra-short duration, and large-cap value, while preserving Putnam's investment teams and client relationships. Recent major developments include the reorganization of the Putnam Tax Exempt Income Fund into the Franklin Municipal Income ETF (FTMU) effective October 24, 2025, maintaining identical investment objectives and substantially similar strategies focused on federally tax-exempt income from municipal bonds. In May 2025, Franklin Templeton announced plans to convert 10 Putnam municipal bond mutual funds—including Putnam Tax Exempt Income Fund, Putnam Tax-Free High Yield Fund, and state-specific funds for California, Massachusetts, Minnesota, New Jersey, New York, Ohio, and Pennsylvania—into ETFs, with conversions scheduled between Q4 2025 and Q1 2026 to broaden the municipal bond ETF lineup. These initiatives reflect strategic expansions in active ETFs, leveraging Putnam's muni expertise alongside Franklin Templeton's scale in global equities, fixed income, multi-asset, and alternatives for individual investors, financial advisors, and institutions across the U.S. and international markets.