Putnam ETF Trust - Franklin Minnesota Municipal Income ETF

Putnam ETF Trust - Franklin Minnesota Municipal Income ETF is an exchange traded fixed income mutual fund launched and managed by Franklin Advisers, Inc. It is co-managed by Putnam Investment Management, LLC and Franklin Templeton Investment Management Limited. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds which are exempt from federal income tax and Minnesota personal income tax and are rated at least BBB- by a nationally recognized securities rating agency and have intermediate to long term maturities of three years or longer. The fund focuses on factors like credit, interest rate, prepayment risks, and general market conditions to create its portfolio. It benchmarks the performance of its portfolio against the Bloomberg Municipal Bond Index. Putnam ETF Trust - Franklin Minnesota Municipal Income ETF was formed on July 14, 1989 and is domiciled in the United States.