Franklin New York Municipal Income ETF
FTNY
New York Stock Exchange Arca- -
USD
- -
- -
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
FRC
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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 (FTNY) is an exchange-traded fund that seeks high current income exempt from federal income tax and New York State personal income taxes through investments primarily in investment-grade New York municipal bonds with intermediate- to long-term maturities of three years or longer; the fund may allocate up to 25% of assets to below-investment-grade bonds. It emphasizes high credit quality securities across sectors including education, industrial development revenue and pollution control, special tax, transportation, and health care, with a portfolio of approximately 272 holdings, an average weighted maturity of 20.11 years, and effective duration of 8.91 years. As part of Putnam Investments' broader suite of actively managed ETFs, it offers monthly distributions and targets New York residents seeking tax-advantaged fixed income exposure. Putnam ETF Trust operates within the municipal bond segment of the fixed income market, focusing on U.S. domestic developed market bonds that are generally exempt from New York State and City personal income taxes, though subject to potential federal alternative minimum tax. The trust is sponsored by Putnam Investments, a subsidiary of Franklin Templeton headquartered in Boston, Massachusetts, with founding roots tracing to 1937; Putnam maintains global offices in locations such as London, Tokyo, and Singapore. FTNY serves retail and institutional investors via NYSE Arca listing, with total net assets of approximately $632 million, shares outstanding of 81 million, and a net expense ratio of 0.35%. In a major recent development, effective October 24, 2025, the predecessor Putnam New York Tax Exempt Income Fund reorganized into this ETF, maintaining identical investment objectives and substantially similar strategies while transitioning to an exchange-traded structure listed on October 27, 2025. This conversion enhances liquidity and tradability for investors, building on Putnam's expansion into active ETFs that began with launches like the Putnam Sustainable Leaders ETF and others in early 2023. Putnam Investments, under Franklin Templeton following the 2023 acquisition from Great-West Lifeco, continues to innovate with new ETF offerings and international strategies, such as the March 2025 launch of the Putnam US Large Cap Value Fund for European investors.