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Explore curated themes

Innovation

Franklin DynaTech Fund (FDYZX) invests with conviction in the innovation leaders reshaping tech, health care and communications—backed by our team's 50+ years in Silicon Valley.

Tax-aware

Franklin Dynamic Municipal Bond ETF (FLMI) delivers our muni team’s best ideas—dynamically navigating markets to help investors seek tax-exempt income opportunities.

Broadening

Putnam Emerging Markets Equity Fund (PEMMX) is a concentrated portfolio focused on high-quality emerging markets companies with mispriced earnings.

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Your trusted partner for what's ahead

We are specialized investment managers that help financial professionals guide clients through life’s milestones with insight‑driven strategies that cut through market complexity and reveal growth opportunities—empowering them to shape what comes next.

75+

years of asset management experience

$1.6 trillion

(USD) total assets under management 1

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Award
Award-winning retirement solutions

For the second consecutive year, Franklin Templeton’s Retirement Advantage target‑date series has won more LSEG Lipper Fund Awards than any other target‑date suite.2

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Read our latest thinking

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Franklin Templeton Fixed Income Fixed Income

Municipal bond market monthly brief

May 7, 2026

Municipal bonds led the pack in April—powered by strong inflows and heavy new issuance—while resilient state and local credit fundamentals continue to support the market. The Franklin Templeton Municipal bond team feels municipals continue to offer compelling investment opportunities.

1. AUM is as of 3/26.

2. Fund Awards: Putnam Retirement Advantage 2035 Fund, Best Mixed Asset Target 2035 Fund Over 3 Years; Putnam Retirement Advantage 2035 Fund, Best Mixed Asset Target 2035 Fund Over 5 Years; Putnam Retirement Advantage 2040 Fund, Best Mixed Asset Target 2040 Fund Over 5 Years; Putnam Retirement Advantage 2045 Fund, Best Mixed Asset, Target 2045 Fund Over 3 Years; Putnam Retirement Advantage 2045 Fund, Best Mixed Asset, Target 2045 Fund Over 5 Years; Putnam Retirement Advantage 2050 Fund, Best Mixed Asset Target 2050 Fund Over 3 Years; Putnam Retirement Advantage 2050 Fund, Best Mixed Asset Target 2050 Fund Over 5 Years; Putnam Retirement Advantage 2055 Fund, Best Mixed Asset, Target 2055 Fund Over 3 Years; Putnam Retirement Advantage 2055 Fund, Best Mixed Asset, Target 2055 Fund Over 5 Years; Putnam Retirement Advantage 2060 Fund, Best Mixed Asset Target 2060 Fund Over 3 Years; Putnam Retirement Advantage 2060 Fund, Best Mixed Asset Target 2060 Fund Over 5 Years; Putnam Retirement Advantage 2065 Fund, Best Mixed Asset Target 2060+ Fund Over 3 Years. View all the awards methodology here.

The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.

The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. For more information, see lipperfundawards.com. Although LSEG makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, their accuracy is not guaranteed by LSEG Lipper.

The Lipper Fund Awards Methodology: The merit of the winners is based on objective, quantitative criteria. The influential and prestigious LSEG Lipper Fund Awards are based on our Lipper Leaders Rating for Consistent Return. Individual classifications of three, five, and 10-year periods, as well as fund families with high average scores for the three-year period, are also recognized. The awards are based on LSEG Lipper’s proven proprietary methodology, which can be viewed here.

All investments involve risks, including possible loss of principal.

Carefully consider a fund’s investment objectives, risks, charges and expenses before investing. Please view the prospectus or summary prospectus for this and other information. Read it carefully.

FINRA's BrokerCheck

You can check the background of your investment professional on FINRA's BrokerCheck.

Learn more from FINRA about How to Find and Work with an Investment Professional.

Client Relationship Summary (Form CRS)

You can learn about the services Franklin Templeton's investment advisers and broker-dealers provide to retail investors by reviewing our Client Relationship Summaries.

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Franklin Distributors, LLC. Member FINRA/SIPC. All entities mentioned are Franklin Templeton affiliates companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.

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