- What are the top holdings of FTMA?
- Putnam ETF Trust - Franklin Massachusetts Municipal Income ETF holds 192 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.
- How many holdings does FTMA have?
- FTMA holds 192 positions as reported by the fund's most recent disclosure.
- What sectors does FTMA invest in?
- Putnam ETF Trust - Franklin Massachusetts Municipal Income ETF (FTMA) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
- What sector is FTMA most exposed to?
- FTMA's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
- Is FTMA a US-only fund?
- The country allocation card on this page shows FTMA's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
- What does FTMA invest in?
- FTMA aims for a high level of current income exempt from federal income tax and Massachusetts personal income tax believed to be consistent with capital preservation. The fund invests mainly in investment grade municipal bonds with intermediate- to long-term maturities (three years or longer). Investments may include general obligation bonds, revenue obligation bonds, and tender option bonds. The fund targets at least 80% tax-exempt investments issued by the US government and its agencies. Interest income from private activity bonds may be subject to federal AMT for individuals. The fund may invest up to 25% in junk bonds but limits this exposure by avoiding bonds rated lower than BB. FTMA considers various factors, such as credit, interest rate, and prepayment risks, as well as general market conditions. Prior to Nov. 10, 2025, the fund was called Putnam Massachusetts Tax Exempt Income Fund before converting to an actively managed ETF structure, starting with $239.5 million.
