Franklin Templeton's State Municipal Bond ETFs Hit The Market, Offering Tax-Free Income, Low Fees

Benzinga_recent_news11-14

Franklin Templeton has expanded its municipal bond ETF suite with the launch of five new single-state municipal income ETFs. This allows investors to gain targeted exposure to tax-free income ...

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This allows investors to gain targeted exposure to tax-free income ...</p>\n\n<a href=\"https://www.benzinga.com/etfs/new-etfs/25/11/48844139/franklin-templetons-state-municipal-bond-etfs-hit-the-market-offering-tax-free-income-low-fees\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STT","symbol_name":"道富银行","start_time":0,"source_url":"https://www.benzinga.com/etfs/new-etfs/25/11/48844139/franklin-templetons-state-municipal-bond-etfs-hit-the-market-offering-tax-free-income-low-fees","article_id":"2583513286","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/11/13/Konskie--Poland---December-15--2024-Fran.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/etfs/new-etfs/25/11/48844139/franklin-templetons-state-municipal-bond-etfs-hit-the-market-offering-tax-free-income-low-fees","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2583513286","pubTimestamp":1763057460,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Franklin Templeton debuts five new single-state municipal bond ETFs — FTMA, FTMN, FTNJ, FTOH, and FTPA — offering tax-exempt income and low 0.35% expense ratios after converting from Putnam's tax-exempt funds.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"STT":"道富银行","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","FDN":"First Trust Dow Jones Internet I","LU1883839398.USD":"AMUNDI FUNDS INCOME OPPORTUNITIES \"A2\" (USD) ACC","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","BK4161":"工业机械","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC","BK4135":"资产管理与托管银行","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","BK4550":"红杉资本持仓","LU2089279066.USD":"ALLIANZ GLOBAL WATER \"AT\" (USD) ACC","FELE":"富兰克林电子","BK4588":"碎股","BK4585":"ETF&股票定投概念","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU2229751404.USD":"ALLIANZ GLOBAL WATER \"AT3\" (USD) ACC"},"translate_title":"富兰克林邓普顿的州市政债券ETF上市，提供免税收入和低费用","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STT":1.5,"FELE":1.5,"FDN":0.9},"content_text":"Franklin Templeton has expanded its municipal bond ETF suite with the launch of five new single-state municipal income ETFs. This allows investors to gain targeted exposure to tax-free income opportunities. \nThe new funds, which started trading on Nov 11, are the Franklin Massachusetts Municipal Income ETF (NYSE:FTMA), Franklin Minnesota Municipal Income ETF (NYSE:FTMN), Franklin New Jersey Municipal Income ETF (NYSE:FTNJ), Franklin Ohio Municipal Income ETF (NYSE:FTOH), and Franklin Pennsylvania Municipal Income ETF (NYSE:FTPA).\n       • FTMA is testing critical support. Track the latest developments here.\nEach fund seeks to deliver \"as high a level of current income exempt from federal and state personal income tax as is consistent with preservation of capital,\" according to the Oct. 8 prospectus.\nThe Funds will primarily invest in investment-grade municipal bonds, general obligation, revenue and tender option bonds, issued within their respective states. The funds will each maintain at least 80% of assets in tax-exempt investments, but will only be able to change this policy with shareholder approval.\nThe new suite carries a 0.35% annual expense ratio across all five funds, placing them competitively within the tax-exempt ETF category.\nEach ETF inherits its corresponding Putnam Tax-Exempt Income Fund’s performance track record through a reorganization completed at launch. For example, the Franklin Massachusetts Municipal Income ETF inherits the history of the Putnam Massachusetts Tax Exempt Income Fund.\nSimilar transitions apply to the Minnesota, New Jersey, Ohio and Pennsylvania ETFs — all previously managed by Putnam before its integration into Franklin Templeton.\nPortfolio management across the suite will be handled by Franklin Advisers, Inc., with sub-advisory support from Putnam Investment Management and Franklin Templeton Investment Management Limited.\nThe funds are likely to appeal to investors looking for steady, tax-exempt income at a time when municipal bond yields are still relatively high and state budgets are recovering after the pandemic. The lineup offers simple, cost-efficient access to municipal credit within state borders. Franklin Templeton’s move underscores growing demand for localized muni ETF exposure as more investors look to ETFs over traditional mutual funds for liquidity and transparency.\nRead Next: \nPhoto: Piotr Swat via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2583513286","isCrawlerRequest":true}