What is the expense ratio of FTMA?

Expense ratio data for FTMA is shown on the page when available from our data provider.

What are the largest holdings in FTMA?

Top holdings include MA CMWLTH-A 5 6/55, MA DEV WGBH EDL 5.75 1/42, MASSACHUSETTS-C 5 6/53, MA BAY TRANSPRTN-A 5 7/51, MASSACHUSETTS ST-A 5 1/54.

How can PortView analyze FTMA overlap with other ETFs?

PortView computes the holdings overlap between FTMA and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.

Putnam ETF Trust - Franklin Massachusetts Municipal Income (FTMA) ETF Holdings & Analysis

ETFOther

$8.73-0.11%

1-year price historyRange $8.44 – $9.14

52-week range$8.73

$8.12$9.21

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What FTMA does

FTMA aims for a high level of current income exempt from federal income tax and Massachusetts 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 and its agencies. Interest income from private activity bonds may be subject to federal AMT for individuals. The fund may invest up to 25% in junk bonds but limits this exposure by avoiding bonds rated lower than BB. FTMA considers various 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 Massachusetts Tax Exempt Income Fund before converting to an actively managed ETF structure, starting with $239.5 million.

Fund profile

Top holdings

	Holding	Weight
	MA CMWLTH-A 5 6/55	2.04%
	MA DEV WGBH EDL 5.75 1/42	1.99%
	MASSACHUSETTS-C 5 6/53	1.80%
	MA BAY TRANSPRTN-A 5 7/51	1.80%
	MASSACHUSETTS ST-A 5 1/54	1.80%
	MA DEV FIN AGY-REF 5 8/37	1.61%
	MASSACHUSETTS BAY 5 7/46	1.60%
	MASSACHUSETTS ST 4 10/45	1.47%
	MA DEV FIN AGY-A 5.5 8/50	1.45%
	Net Current Assets	1.41%

Sector allocation

Municipal	99.87%
Cash & Others	0.13%

Geographic allocation

United States	97.28%
Guam	2.06%
American Samoa	0.36%
Puerto Rico	0.25%
Other	0.05%

PortView Portfolio Insights

PortView analyzes how FTMA fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.

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Frequently asked questions

What does FTMA track?: FTMA is the Putnam ETF Trust - Franklin Massachusetts Municipal Income ETF, a Other ETF.
What is the expense ratio of FTMA?: Expense ratio data for FTMA is shown on the page when available from our data provider.
What are the largest holdings in FTMA?: Top holdings include MA CMWLTH-A 5 6/55, MA DEV WGBH EDL 5.75 1/42, MASSACHUSETTS-C 5 6/53, MA BAY TRANSPRTN-A 5 7/51, MASSACHUSETTS ST-A 5 1/54.
How can PortView analyze FTMA overlap with other ETFs?: PortView computes the holdings overlap between FTMA and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.

The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.