Key stats
About Franklin Municipal High Yield ETF
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Inception date
Oct 27, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Franklin Advisers, Inc.
Distributor
Franklin Distributors LLC
Identifiers
3
ISIN US7467297898
FTMH aims for high tax-advantaged current income exempt from federal income tax by investing in US municipal bonds. The fund targets intermediate- to long-term bonds that pay interest that are exempt from federal income tax, which may include investments paying interest subject to the federal AMT for individuals. The portfolio generally consists of bonds of various credit quality but focuses on below-investment grade securities or junk bonds with maturities of at least three years. The fund uses fundamental research to identify bonds offering attractive return potential, relying on their bond managers experience to identify opportunities and risks over different market cycles. As an actively managed ETF, the fund manager has full discretion to make buy, sell, or hold decisions at any time. Prior to Oct. 27, 2025, the fund was called Putnam Tax Free High Yield Fund before converting to an ETF structure, starting with $570 million in assets.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal95.91%
Mutual fund4.06%
Cash0.03%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FTMH last dividends amounted to 0.04 USD. The month before, the issuer paid 0.05 USD in dividends, which shows a 21.77% decrease.
FTMH assets under management is 541.92 M USD. It's fallen 0.98% over the last month.
FTMH fund flows account for −18.66 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FTMH pays dividends to its holders with the dividend yield of 4.95%. The last dividend (Feb 5, 2026) amounted to 0.04 USD. The dividends are paid monthly.
FTMH shares are issued by Franklin Resources, Inc. under the brand Franklin. The ETF was launched on Oct 27, 2025, and its management style is Active.
FTMH expense ratio is 0.35% meaning you'd have to pay 0.35% of your investment to help manage the fund.
FTMH follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FTMH invests in bonds.
FTMH price has fallen by −0.71% over the last month, and its yearly performance shows a −0.34% decrease. See more dynamics on FTMH price chart.
NAV returns, another gauge of an ETF dynamics, showed a 0.99% increase in three-month performance and has increased by 0.99% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 0.99% increase in three-month performance and has increased by 0.99% in a year.
FTMH trades at a premium (0.14%) meaning the ETF is trading at a higher price than the calculated NAV.