Franklin Ohio Municipal Income ETF

Franklin Ohio Municipal Income ETF is an actively managed exchange-traded fund specializing in municipal fixed income securities. Its primary objective is to generate a high level of current income that is exempt from both federal income tax and Ohio personal income tax, targeting investors seeking tax-advantaged yield. The fund predominantly invests in a diversified portfolio of investment-grade municipal bonds issued within the state of Ohio, providing exposure to sectors such as health care, education, utilities, and local government infrastructure. Notably, at least 80% of its net assets are allocated to tax-exempt investments, and in normal market conditions, a significant portion is invested in municipal green bonds, emphasizing environmental impact and sustainability initiatives. The ETF emphasizes credit quality, with a significant weight in bonds rated AA or higher, and maintains an effective duration in the intermediate-to-long maturity range. This fund plays an important role in the municipal bond market, offering market access and liquidity for investors interested in stable, tax-efficient income streams aligned specifically with Ohio's economic and infrastructure development.