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Franklin Municipal High Yield ETFFranklin Municipal High Yield ETFFranklin Municipal High Yield ETF

Franklin Municipal High Yield ETF

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Key stats


Assets under management (AUM)
‪549.62 M‬ USD
Fund flows (1Y)
‪−11.68 M‬ USD
Dividend yield (indicated)
—
Discount/Premium to NAV
−0.03%
Shares outstanding
‪47.13 M‬
Expense ratio
0.35%

About Franklin Municipal High Yield ETF


Issuer
Franklin Resources, Inc.
Brand
Franklin
Home page
franklintempleton.com
Inception date
Oct 27, 2025
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Physical
Management style
Active
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
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


Asset Class
Fixed income
Category
Government, local authority/municipal
Focus
High yield
Niche
Broad maturities
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance——————
NAV total return——————

What's in the fund


As of November 24, 2025
Exposure type
Bonds, Cash & Other
Municipal
Bonds, Cash & Other100.00%
Municipal98.91%
Mutual fund0.89%
Cash0.11%
Government0.09%
Stock breakdown by region
100%
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows



Frequently Asked Questions


FTMH invests in bonds. The fund's major sectors are Municipal, with 98.91% stocks, and Government, with 0.09% of the basket. The assets are mostly located in the N/A region.
FTMH assets under management is ‪549.62 M‬ USD. It's fallen 2.04% over the last month.
FTMH fund flows account for ‪−11.68 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.
No, FTMH doesn't pay dividends to its holders.
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 trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.