- What does FTOH invest in?
- FTOH aims for a high level of current income exempt from federal income tax and Ohio 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. Interest income from private activity bonds may be subject to federal AMT for individuals. The fund may invest in junk bonds of up to 25% but this limits exposure by avoiding bonds rated lower than BB. In selecting bonds, the fund considers 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 Ohio Tax Exempt Income Fund before converting to an actively managed ETF structure, starting with $64.97 million.
- What is the expense ratio of FTOH?
- Putnam ETF Trust - Franklin Ohio Municipal Income ETF (FTOH) charges an expense ratio of 0.36%. This is the annual fee deducted from fund assets to cover management and operations.
- What is FTOH's dividend yield?
- FTOH's trailing-twelve-month yield is 3.40%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of FTOH?
- Effective duration measures FTOH's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FTOH's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of FTOH?
- FTOH's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of FTOH?
- Yield to maturity (YTM) is the total return you'd earn from FTOH if every bond in the portfolio is held to maturity at the current price. FTOH's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
