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Franklin Municipal Income ETFFranklin Municipal Income ETFFranklin Municipal Income ETF

Franklin Municipal Income ETF

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Key stats


Assets under management (AUM)
‪479.40 M‬ USD
Fund flows (1Y)
‪−4.71 M‬ USD
Dividend yield (indicated)
—
Discount/Premium to NAV
0.07%
Shares outstanding
‪61.03 M‬
Expense ratio
0.30%

About Franklin Municipal Income 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
US7467297971
FTMU aims for high, tax-advantaged current income exempt from federal income tax by investing in US municipal bonds believed to be consistent with capital preservation. 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 investment grade bonds with maturities of at least three years. The fund focuses on high credit quality, 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, considering various factors, such as risks and market conditions. Prior to Oct. 27, 2025, the fund was called Putnam Tax-Exempt Income Fund before converting to an ETF structure, starting with $494 million in assets.

Classification


Asset Class
Fixed income
Category
Government, local authority/municipal
Focus
Investment grade
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%
Municipal97.04%
Securitized2.24%
Mutual fund0.58%
Government0.10%
Cash0.03%
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


FTMU invests in bonds. The fund's major sectors are Municipal, with 97.04% stocks, and Securitized, with 2.24% of the basket. The assets are mostly located in the N/A region.
FTMU assets under management is ‪479.40 M‬ USD. It's fallen 1.04% over the last month.
FTMU fund flows account for ‪−4.71 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, FTMU doesn't pay dividends to its holders.
FTMU 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.
FTMU expense ratio is 0.30% meaning you'd have to pay 0.30% of your investment to help manage the fund.
FTMU follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FTMU invests in bonds.
FTMU trades at a premium (0.09%) meaning the ETF is trading at a higher price than the calculated NAV.