---
ticker: "FTMH"
name: "Franklin Municipal High Yield ETF"
url: "https://etf.net/etf/FTMH"
grade: "B"
score: 64
graded_at: "2026-10-12"
category: "High-Yield Municipal Bonds"
category_rank: "8 of 19"
methodology: "https://etf.net/methodology"
---

# FTMH: Franklin Municipal High Yield ETF

Grade **B**, Score 64 of 100. Rank 8 of 19 in High-Yield Municipal Bonds.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 67 | 6 of 19 |
| Mission | 86 | 12 of 18 |
| Risk | 34 | 16 of 19 |
| Tradability | 74 | 3 of 19 |
| Holdings | 35 | 15 of 19 |
| Durability | 70 | 7 of 19 |

## Top holdings

The fund holds 535 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | PGLXX | Putnam Govt Mmkt Fnd-P | 10.24% |
| 2 | — | Ny Transprtn Dev C 6 6/55 | 1.32% |
| 3 | — | NATIONAL-3 Clas Frn 1/45 | 1.09% |
| 4 | — | Ny Transprtn Dev C 6 6/54 | 0.99% |
| 5 | — | Cscda Cmnty Im 3.125 8/56 | 0.97% |
| 6 | — | Net Current Assets | 0.90% |
| 7 | — | Grays Harbor 6.875 12/53 | 0.81% |
| 8 | — | Md Econ Dev Corp - 6 7/58 | 0.80% |
| 9 | — | Pennsylvania St Ec 6 6/61 | 0.78% |
| 10 | — | Southeast Energy- 5 11/35 | 0.78% |
| 11 | — | Restructured-Ser A 4 7/41 | 0.76% |
| 12 | — | Il Fin Auth-A 5 2/47 | 0.73% |
| 13 | — | DETROIT-B-1-FINL Frn 4/44 | 0.72% |
| 14 | — | Florida Dev Fin Co 5 2/52 | 0.68% |
| 15 | — | Pa Hgr Edu Fac-Ref 5 5/41 | 0.66% |
| 16 | — | Ny Trnsprtn Dev-Am 4 1/36 | 0.64% |
| 17 | — | Chicago Brd Ed 5.75 12/50 | 0.64% |
| 18 | — | Ca Muni Fin Auth 5.45 2/4 | 0.63% |
| 19 | — | New York Liberty D 3 9/43 | 0.62% |
| 20 | — | Kentucky Pub Engy 5 12/33 | 0.62% |
| 21 | — | Lancaster Cnty Hos 5 6/49 | 0.59% |
| 22 | — | Maricopa Co I 7.375 10/29 | 0.59% |
| 23 | — | Pa Eco Dev Fing-A 5 12/56 | 0.58% |
| 24 | — | Chicago Boe-A 5.875 12/47 | 0.54% |
| 25 | — | Cscda Cmnty Impt A 3 2/57 | 0.54% |
| 26 | — | Pub Fin Auth 5.25 12/48 | 0.54% |
| 27 | — | JMP-DRIVERS--XF8 Frn 5/50 | 0.52% |
| 28 | — | Mo HLTH&EDU -Ref - 4 5/43 | 0.52% |
| 29 | — | JPM-DRIVERS-XF8 Frn 11/48 | 0.52% |
| 30 | — | Nfa 2024-3.625 08/39 | 0.50% |

Source: etf.net, https://etf.net/etf/FTMH. Please cite the page URL.