![[Michael Conns avatar]](https://franklintempletonprod.widen.net/content/ogxwyxvhfy/webp/Conn_Michael_500x500.png){kind=avatar}
Managed Fund Since 2024
Fixed Income Active
FTNJ Franklin New Jersey Municipal Income ETF
- Tax-advantaged income. The fund offers New Jersey residents the potential for high current income that is free from federal income tax and New Jersey State personal income taxes.
- Focus on high credit quality. Invests in investment-grade bonds with intermediate- to long-term maturities.
- Muni expertise. Franklin Templeton is one of the largest active muni bond managers in the nation. The team’s experience navigating through multiple market cycles helps them uncover opportunities and identify risks.
Popular Documents
Mutual fund reorganized into this ETF
Effective after market close on November 7, 2025, Putnam New Jersey Tax Exempt Income Fund reorganized into this ETF. This ETF has an identical investment goal and strategy as its predecessor fund. This and other information can be found in the fund’s prospectus.
Overview
Fund Facts
Fund description
The fund seeks as high a level of current income exempt from federal income tax and New Jersey personal income tax as is consistent with preservation of capital.
- Benchmark
- Bloomberg Municipal Bond Index
- Fund Inception Date
- 02/20/1990
- Listing Exchange
- NYSE Arca
- Dividend Frequency, if any
- Monthly
- Distribution Rate at NAV
3 (Updated Daily) - —
Identifiers
- Ticker
- FTNJ
- CUSIP Code
- 746729771
- ISIN Code
- US7467297716
- Bloomberg Code
- FTNJ US
Average Annual Total Returns As of 10/31/2025
- 4.38%1 Year
- 6.32%3 Years
- 2.04%5 Years
- 2.99%10 Years
- 4.96%Since Inception
02/20/1990
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
As of 10/31/2025 % of Total (Updated Monthly)
Additional Fund Info
- Fiscal Year End
- May 31
- Listing Date
9 - 11/10/2025
- ETF Type
- Active
- Morningstar Category
- N/A
Trading Characteristics
- Shares Outstanding
- 15,900,008
- Daily Volume
- 17,150
- 20-Day Average Volume
- 2239.75
Manager and Commentary
About the Team
Franklin Templeton Fixed Income
Franklin Templeton Fixed Income is a fixed income specialist with a measured "no surprises" approach that is committed to the goal of delivering clients consistent, predictable fixed income results. We pursue dimensional sources of potential alpha across all global fixed income securities, sectors, and markets.
Franklin Templeton Fixed Income
![[Garrett L Hamiltons avatar]](https://franklintempletonprod.widen.net/content/nkn3k7b1qn/webp/Hamilton_Garrett_500x500.png){kind=avatar}
Managed Fund Since 2016
![[John Bonellis avatar]](https://franklintempletonprod.widen.net/content/reo4i1ff5e/webp/Bonelli_John_500x500.png){kind=avatar}
Managed Fund Since 2024
![[Chris Sperrys avatar]](https://franklintempletonprod.widen.net/content/rrysr3ynlm/webp/Sperry_Christopher_500x500.png){kind=avatar}
Managed Fund Since 2024
![[John Wileys avatar]](https://franklintempletonprod.widen.net/content/8hjant6xk2/webp/Wiley_John_500x500.png){kind=avatar}
Managed Fund Since 2024
Latest Insights
November 12, 2025
October 30, 2025
October 28, 2025
October 9, 2025
Performance
Average Annual Total Returns
As of 10/31/2025
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Returns are based on Market Price or NAV, assume the reinvestment of all distributions and the deduction of all Fund expenses. Performance would have been lower if expenses had not been waived in various periods. Returns for periods of less than one year are not annualized.
Selected Month October 2025
Franklin New Jersey Municipal Income ETF - Market Price Return (%)
Month End
As of 10/31/2025
Franklin New Jersey Municipal Income ETF - NAV Return (%)
Month End
As of 10/31/2025
Bloomberg Municipal Bond Index (%)
Month End
As of 10/31/2025
Prior to close of business on November 7, 2025, the ETF operated as an open-end mutual fund. The ETF has an identical investment goal and substantially similar investment strategies as the predecessor mutual fund. The NAV returns include returns of the Class R6 shares of the predecessor mutual fund prior to the ETF's commencement of operations. Prior to the ETF's listing on 11/10/2025, the NAV performance for the Class R6 shares of the predecessor mutual fund is used as a proxy for market price returns, which are typically calculated using the official closing price of the ETF. If the predecessor mutual fund had been structured as an exchange-traded fund, its performance may have differed. Returns for periods prior to inception of Class R6 shares are based on previous share classes. Returns for those shares were not adjusted for the lower operating expenses; had they been adjusted, performance would be higher.
Portfolio
Assets
As of11/13/2025 (Updated Daily)
- Total Net Assets
- $139.48 Million
Portfolio Statistics
As of 10/31/2025 (Updated Monthly)
Effective Duration
- Fund
- 7.07 Years
- Benchmark
- 6.65 Years
- Fund
- 19.60 Years
- Benchmark
- —
Credit Quality Allocation 13
As of 10/31/2025 (Updated Monthly)
| Credit Quality | Fund |
|---|---|
AAA | 5.12% |
AA | 46.11% |
A | 22.25% |
BBB | 19.13% |
BB | 1.98% |
B | 0.54% |
Refunded | 0.84% |
Not Rated | 2.57% |
Cash & Cash Equivalents | 1.46% |
Holdings
As of 11/13/2025 (Updated Daily)
PORT AUTH CONS 6.125 6/94
NJ TRANSPRTN TR 5.25 6/50
HUDSON CNTY NJ IM 3 10/35
GLOUCESTER CO IMPT 5 7/54
BASTROP ISD 5 2/53
NEW JERSEY ST EDUC 4 7/50
S JERSEY NJ TR 5.25 11/52
PUTNAM GOVT MMKT FND-P
PORT AUTH OF NEW 5 11/44
DE RIVER & BAY AUT 5 1/40
Distributions & Tax
- Distribution Frequency
- MonthlyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- December
Rates and Yields
Taxable Equivalent Distribution Rate
13.75%
Distributions are not guaranteed and are subject to change.
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
10/31/2025
09/30/2025
08/29/2025
07/31/2025
06/30/2025
05/30/2025
04/30/2025
03/31/2025
02/28/2025
01/31/2025
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.
Pricing
Pricing History
As of 11/13/2025 (Updated Daily)
Daily Fund Prices
As of 11/13/2025
Share Prices
As of 11/13/2025
52-Week Range
- Highest NAV
As of 11/11/2025 - $8.78
- Lowest NAV
As of 11/10/2025 - $8.77
- Highest Market Price
As of 12/04/2024 - $8.87
- Lowest Market Price
As of 03/10/2025 - $0.00
Premium / Discount
As of 11/13/2025
- 30-Day Median Bid/Ask Spread
- 0.57%
- Bid / Ask Spread
- $0.05
- Avg. of Market Price vs. NAV since Inception
- 0.06%
- Avg. of Market Price vs. NAV at Close
11 - -0.11%
Documents
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Prospectus-Franklin Municipal Income ETFs | |||
| Summary Prospectus - Franklin New Jersey Municipal Income ETF | |||
| Statement Of Additional Information - Putnam ETF Trust |
Risks
All investments involve risks, including possible loss of principal. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Portfolios focused on a single state are subject to greater risk of adverse economic and regulatory changes than a geographically diversified portfolio. Active management does not ensure gains or protect against market declines. An investor may be subject to the federal Alternative Minimum Tax, and state and local taxes may apply. These and other risks are discussed in the fund's prospectus.
Important Information
Effective November 7, 2025, Putnam New Jersey Tax Exempt Income Fund reorganized into this ETF. This fund has an identical investment goal and substantially similar investment strategies as its predecessor fund.
Fund dividends are generally subject to state and local income taxes, if any. For investors subject to the alternative minimum tax, a small portion of fund dividends may be taxable. Distributions of capital gains are generally taxable.
Under normal market conditions, the Fund will invest at least 80% of its net assets in municipal green bonds.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
You need Adobe Acrobat Reader to view and print PDF documents. Download a free version from Adobe's website.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
All investments involve risk, including possible loss of principal. Please see each product's web page for specific details regarding investment objective, risks, performance, and other important information. Review this information carefully before you make any investment decision. Investors cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges.
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.
Franklin Templeton, its affiliated companies, and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the “promotion or marketing” of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.
ETFs trade like stocks, fluctuate in market value and may trade at prices above or below their net asset value. Brokerage commissions and ETF expenses will reduce returns. ETF shares may be bought or sold throughout the day at their market price (MP), not their Net Asset Value (NAV), on the exchange on which they are listed. Shares of ETFs are tradable on secondary markets and may trade either at a premium or a discount to their NAV on the secondary market. Prior to trading in the secondary market, shares of the fund are "created" at NAV by market makers, large investors and institutions only in block-size Creation Units. Each "creator" or "Authorized Participant" enters into an authorized participant agreement with Franklin Distributors, LLC. Only an Authorized Participant may create or redeem Creation Units directly with the fund. Retail investors buy and sell shares of ETFs at market price (not NAV) in the secondary market throughout the trading day. These shares are not individually available for purchase or redemption directly from the ETF.
Franklin Distributors, LLC serves as the distributor of Creation Units for the ETFs on an agency basis. Franklin Distributors, LLC does not maintain a secondary market in the funds' shares.
Redemption payments will be effected within the specified number of calendar days following the date on which a request for redemption in proper form is made. For more information, please see the ETF’s statement of additional information (SAI) which can be found on the fund’s webpage.
The Bloomberg Municipal Bond Index is a broad measure of the municipal bond market with maturities of at least one year.
Source: Bloomberg Indices.