Putnam ETF Trust - Franklin California Municipal Income ETF

Putnam ETF Trust - Franklin California Municipal Income ETF is an open-ended fixed income mutual fund launched and managed by Franklin Advisers, Inc. The fund is co-managed by Putnam Investment Management, LLC, Franklin Templeton Investment Management Limited. It invests in the fixed income markets of the United States. The fund primarily invests in bonds that are exempt from federal income tax and California personal income tax issued by or for states, territories or possessions of the United States or by their political subdivisions, agencies, authorities or other government entities which are rated investment grade and have intermediate to long term maturities of three years and longer. It focuses on factors like credit, interest rate, prepayment risks, and general market conditions to create its portfolio. The fund benchmarks the performance of its portfolio against the Bloomberg Barclays Municipal Bond Index. Putnam ETF Trust - Franklin California Municipal Income ETF was formed on December 17, 1982 and is domiciled in the United States.