Franklin Minnesota Municipal Income ETF

Franklin Minnesota Municipal Income ETF is an actively managed exchange-traded fund designed to provide investors with income exempt from both federal and Minnesota personal income taxes. The fund primarily invests in a diversified portfolio of investment-grade municipal bonds issued by entities within Minnesota, targeting bonds with maturities of at least three years. Its mandate emphasizes high credit quality by allocating the majority of assets to securities rated 'A' or above, including AAA, AA, and A grades, and maintains exposure across various sectors and issuers in the state. The ETF pursues its tax-advantaged income strategy while seeking to preserve capital, making it a prominent vehicle for residents or institutions aiming to manage state-specific tax liabilities. Franklin Templeton’s experienced fixed income team actively manages the fund, leveraging their expertise in municipal markets to uncover opportunities and navigate interest rate and credit risks. With monthly dividend distributions and a focus on broad diversification, Franklin Minnesota Municipal Income ETF plays a significant role in the market by supporting infrastructure and public projects throughout Minnesota, while providing consistent tax-free income to its holders.