Franklin Short-Term Municipal Income ETF (FTMS)

Franklin Short-Term Municipal Income ETF (FTMS) is an exchange-traded fund in the Muni National Short category. It has $206.98M in assets, an expense ratio of 0.21% and a 3.10% dividend yield. The fund invests mainly in bonds that pay interest that is exempt from federal income tax and that have short-term maturities. The bonds the fund invests in are mainly investment-grade in quality. Under normal circumstances, the fund invests at least 80% of its net assets in tax-exempt investments, which for purposes of this policy include investments paying interest subject to the federal AMT for individuals.