Fund Evaluator:
Franklin Municipal High Yield ETF (FTMH)
Follow This Fund
Fixed Income
Global Asset Class
Municipal Bond
Fund Group
High Yield Muni
Category
$0.000
NAV (as of )
$0.00
Minimum Initial
0.35% B
Expense Ratio
$565 Mil
Assets
Open
Status
0.00%
12b-1 Fee
4.23%
TTM Yield
0.00%
Max Load
23%
Portfolio Turnover
Best Performing in High Yield Muni Over the Last Year
| 8.7% | T. Rowe Price High Yield Muncpl Bd (PRFHX) |
| 8.2% | Thrivent High Yield Municipal Bond S (THMBX) |
| 8.1% | AMG GW&K Municipal Enhanced Yield N (GWMNX) |
| 8.0% | Invesco Rochester® Municipal Opps Y (ORNYX) |
| 7.9% | City National Rochdale Muni Hi Inc N (CNRNX) |
Data as of 7/31/2026
-2.2% F
1-Mo Return
0.0% F
3-Mo Return
2.0% C
YTD Return
8.8% B
1-Yr Return
5.1% C
3-Yr Return
1.1% A
5-Yr Return
1.14 D
Category Risk Index
0.60
Total Risk Index
Fund Details
Fund Family
Franklin Templeton Investments
Inception Date
5/22/2018
Share Class Type
Equity Investment Style
na
Bond Investment Style
na
Socially Responsible Fund
No
Index Fund
No
Benchmark Index
Bloomberg Municipal TR USD: 100%
Additional Fund Details
Franklin Municipal High Yield ETF Overview
FTMH Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FTMH Return (NAV) | -2.2% | -0.0% | 8.8% | 5.1% | 1.1% | 2.8% |
| FTMH Grade | F | F | B | C | A | A |
| +/- Category | -0.4% | -0.1% | 1.9% | 1.0% | 0.9% | 0.4% |
| High Yield Muni Avg | -1.8% | 0.1% | 6.9% | 4.1% | 0.3% | 2.5% |
| FTMH Tax Cost Ratio | na | na | 0.0% | 0.0% | 0.1% | na |
FTMH Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FTMH Return (NAV) | 2.0% | 4.2% | 5.7% | 8.2% | -12.5% | 5.3% | 4.5% | 9.7% | 1.0% | 7.6% | 0.3% |
| FTMH Grade | C | C | B | A | B | D | B | D | D | C | F |
| +/- Category | 0.5% | 1.7% | 0.5% | 1.4% | 0.6% | -0.1% | 0.7% | 0.5% | -1.0% | -0.3% | -1.2% |
| High Yield Muni Avg | 1.5% | 2.5% | 5.2% | 6.8% | -13.1% | 5.5% | 3.8% | 9.2% | 2.0% | 8.0% | 1.5% |
| Risk Measures | |
| Standard Deviation: | 7.3% |
| Total Risk Index: | 0.60 - Below Average |
| Category Risk Index: | 1.14 - High |
| Category Risk Grade: | F (91% Rank) |
| Beta: | 1.24 |
| R-Squared: | 94% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 4.2% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | |
| Total Assets: | $565 Mil |
| Fund Total Assets: | $ 566 Mil |
| Share Class Type: | |
| Portfolio Turnover: | 23% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 9.6 years | |||
| Average Tenure: 3.4 years | |||
| Managers (Year): Hamilton Garrett (2016), Barber Ben (2024), Rivera Francisco (2024), Conn James (2024), Workman Daniel (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 507 |
| % in Top 10 Holdings: | 19.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.6% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 94.3% |
| Foreign Bond: | 1.6% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 4.1% |
Purchase Information
| Fund Family: | Franklin Templeton Investments |
| Phone Number: | 800-225-1581 |
| Website: | www.putnaminvestments.com |
| Status: | Open |
| Inception Date: | May 22, 2018 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 0.35% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 0.98% |
| Share Class: | Franklin Municipal High Yield ETF |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
Copyright 2026 American Association of Individual Investors and Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.