Franklin California Municipal Income ETF

Franklin California Municipal Income ETF is an actively managed exchange-traded fund specializing in fixed income securities, with its primary focus on investment-grade municipal bonds issued by California authorities. Its main objective is to generate income that is exempt from both federal and California state income taxes, appealing directly to investors residing in California who seek tax efficiency in their portfolios. The fund is structured to provide broad maturity exposure across various sectors, including local government projects, infrastructure, and public services, without tracking a specific index. Managed by Franklin Advisers, Inc., it utilizes a proprietary asset selection strategy and distributes income in accordance with its primary purpose. Key features include a competitive expense ratio and a governance model aiming for risk-adjusted returns in the municipal fixed income space. Franklin California Municipal Income ETF holds significance as a specialized vehicle for accessing California’s municipal debt market while addressing the distinct tax considerations and income needs of California-based investors.