# EDGAR Filing Document

**Accession Number:** 0001845809
**File Stem:** 0000940400-26-014747
**Filing Date:** 2026-4
**Character Count:** 70600
**Document Hash:** 1f6aa632c0d968644e6f3c36cbf305ee
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-014747.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0000940400-26-014747

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Putnam ETF Trust
- **CENTRAL INDEX KEY:** 0001845809

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23643
- **FILM NUMBER:** 26893174

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02111
- **BUSINESS PHONE:** 6177601060

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02111

## Series and Classes Contracts Data

### Franklin Ohio Municipal Income ETF (Series ID: S000094558)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000263091 | Franklin Ohio Municipal Income ETF |  |

## Nport-Ex

Schedule of Investments (unaudited)

February 28, 2026

***If you need assistance accessing this content, please reach out to your sales representative or send an email to*** <u>accessibility@franklintempleton.com.</u>

 **Franklin Ohio Municipal Income ETF**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity <br>Date<br>| Face <br>Amount<br>| Value |
| **Municipal Bonds — 97.4%** | **Municipal Bonds — 97.4%** | **Municipal Bonds — 97.4%** | **Municipal Bonds — 97.4%** | **Municipal Bonds — 97.4%** |
| *Alaska — 1.9%* | *Alaska — 1.9%* | *Alaska — 1.9%* | *Alaska — 1.9%* | *Alaska — 1.9%* |
| &nbsp;&nbsp;&nbsp; Alaska State Industrial Development & Export Authority Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tanana Chiefs Conference Project, Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/1/30 | &nbsp;&nbsp; $650000 | &nbsp;&nbsp;&nbsp; $700225<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tanana Chiefs Conference Project, Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/1/31 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 537399<br>|
| *Total Alaska* | *Total Alaska* | *Total Alaska* | *Total Alaska* | &nbsp;&nbsp; *1237624* |
| *Guam — 2.8%* | *Guam — 2.8%* | *Guam — 2.8%* | *Guam — 2.8%* | *Guam — 2.8%* |
| &nbsp;&nbsp;&nbsp; Guam Government, GO, Series 2019  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 11/15/31 | &nbsp;&nbsp; 335000 | &nbsp;&nbsp;&nbsp; 356331<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Guam Government, Hotel Occupancy Tax Revenue, Series A, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 11/1/40 | &nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp; 317821<br>|
| &nbsp;&nbsp;&nbsp; Guam Government, Waterworks Authority Revenue, Water and Wastewater System, <br> Series A, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/46 | &nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp; 362536<br>|
| &nbsp;&nbsp;&nbsp; Port Authority of Guam Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port Revenue Bonds, Series B | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/33 | &nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp; 206872<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port Revenue Bonds, Series B | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/36 | &nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp; 412148<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port Revenue Bonds, Series B | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/37 | &nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp; 205578<br> <sup>(a)</sup><br>|
| *Total Guam* | *Total Guam* | *Total Guam* | *Total Guam* | &nbsp;&nbsp; *1861286* |
| *Illinois — 1.7%* | *Illinois — 1.7%* | *Illinois — 1.7%* | *Illinois — 1.7%* | *Illinois — 1.7%* |
| &nbsp;&nbsp;&nbsp; Illinois State, GO, Series B, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/1/32 | &nbsp;&nbsp; 1050000 | &nbsp;&nbsp;&nbsp; 1109419<br>|
| *Ohio — 87.6%* | *Ohio — 87.6%* | *Ohio — 87.6%* | *Ohio — 87.6%* | *Ohio — 87.6%* |
| &nbsp;&nbsp;&nbsp; Akron, Bath & Copley Joint Township Hospital District, OH, Hospital Facilities <br> Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Summa Health Obligated Group, Series 2020, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 11/15/37 | &nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp; 323603<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Summa Health Obligated Group, Series 2020, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 11/15/38 | &nbsp;&nbsp; 360000 | &nbsp;&nbsp;&nbsp; 388324<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ashland, OH, School District, GO, Unlimited Tax, Classroom Facilities and School <br> Improvement, Refunding, SD Credit Program  | &nbsp;&nbsp; 3.000% | &nbsp;&nbsp; 11/1/42 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 892076<br>|
| &nbsp;&nbsp;&nbsp; Bedford, OH, School District, GO, School Improvement Bonds, Series 2025, <br> Refunding, BAM  | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 12/1/58 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1058854<br>|
| &nbsp;&nbsp;&nbsp; Buckeye, OH, Tobacco Settlement Financing Authority Revenue, Senior Bonds, Series <br> A-2, Refunding  | &nbsp;&nbsp; 3.000% | &nbsp;&nbsp; 6/1/48 | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; 1090167<br>|
| &nbsp;&nbsp;&nbsp; Centerville, OH, Health Care Improvement Revenue, Southeast Twin Cities <br> Transmission Project, Series 2021, Refunding  | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 11/1/50 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 479351<br>|
| &nbsp;&nbsp;&nbsp; Cleveland Cuyahoga County, OH, Port Authority Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cleveland Museum of Natural History Project, Series 2021 | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/46 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 903316<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Euclid Avenue Development Corporation Project, Series A | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 8/1/47 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1054234<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Flats East Bank Project, Series A, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 12/1/55 | &nbsp;&nbsp; 475000 | &nbsp;&nbsp;&nbsp; 370200<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Playhouse Square Foundation Project, Series 2018, Refunding | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 12/1/53 | &nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp; 702734<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Toledo Museum of Art Project, Series C | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 11/15/54 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 254723<br>|
| &nbsp;&nbsp;&nbsp; Cleveland, OH, Department of Public Utilities Division of Public Power Revenue, <br> Series A, Refunding, AG  | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 11/15/36 | &nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp; 772373<br>|
| &nbsp;&nbsp;&nbsp; Cleveland, OH, GO, Series A, Refunding  | &nbsp;&nbsp; 3.000% | &nbsp;&nbsp; 12/1/34 | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; 1258157<br>|
| &nbsp;&nbsp;&nbsp; Cleveland, OH, Water Pollution Control Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 11/15/49 | &nbsp;&nbsp; 725000 | &nbsp;&nbsp;&nbsp; 761128<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 11/15/54 | &nbsp;&nbsp; 1350000 | &nbsp;&nbsp;&nbsp; 1411382<br>|
| &nbsp;&nbsp;&nbsp; Columbus, OH, Metropolitan Housing Authority General Revenue, Waldren Woods <br> Project  | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 6/1/34 | &nbsp;&nbsp; 1300000 | &nbsp;&nbsp;&nbsp; 1330708<br>|
| &nbsp;&nbsp;&nbsp; Columbus, OH, Metropolitan Library Revenue, Library Facilities Notes, Series 2019  | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 12/1/38 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1023295<br>|
| &nbsp;&nbsp;&nbsp; Columbus, OH, Regional Airport Authority Revenue, John Glenn Columbus <br> International Airport, Series B, Refunding  | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 1/1/55 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1054973<br>|

---

See Notes to Schedule of Investments.

------

Franklin Ohio Municipal Income ETF 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

February 28, 2026

 **Franklin Ohio Municipal Income ETF**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Ohio — continued* | *Ohio — continued* | *Ohio — continued* | *Ohio — continued* | *Ohio — continued* |
| &nbsp;&nbsp;&nbsp; Columbus-Franklin County, OH, Finance Authority Revenue, Quarry Trails Phase III <br> Project, Series A  | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 5/15/55 | &nbsp;&nbsp; $1200000 | &nbsp;&nbsp;&nbsp; $1240964<br>|
| &nbsp;&nbsp;&nbsp; Cuyahoga County, OH, Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cleveland Orchestra Project, Series 2019, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/37 | &nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp; 423558<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cleveland Orchestra Project, Series 2019, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/41 | &nbsp;&nbsp; 1435000 | &nbsp;&nbsp;&nbsp; 1498486<br>|
| &nbsp;&nbsp;&nbsp; Dayton-Montgomery County, OH, Port Authority Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northcrest Gardens Apartments Project, Series 2024, FNMA - Collateralized | &nbsp;&nbsp; 4.500% | &nbsp;&nbsp; 1/1/41 | &nbsp;&nbsp; 990000 | &nbsp;&nbsp;&nbsp; 1052823<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regional Stem Schools Inc. Project, Series 2024 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/54 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 993155<br>|
| &nbsp;&nbsp;&nbsp; Franklin County, OH, Convention Facilities Authority Hotel Project Revenue, Greater <br> Columbus Convention Center, Series 2019  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/44 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1019089<br>|
| &nbsp;&nbsp;&nbsp; Franklin County, OH, Health Care Facilities Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Friendship Village of Dublin Inc., Series 2014, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 11/15/44 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1000003<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022, Unrefunded | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/40 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 973059<br>|
| &nbsp;&nbsp;&nbsp; Franklin County, OH, Revenue, Trinity Health Group, Series 2017  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/46 | &nbsp;&nbsp; 2445000 | &nbsp;&nbsp;&nbsp; 2474507<br>|
| &nbsp;&nbsp;&nbsp; Greene County, OH, Port Authority Revenue, Community First Solutions Obligated <br> Group, Series B  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 5/15/55 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 981708<br>|
| &nbsp;&nbsp;&nbsp; Hamilton County, OH, Healthcare Improvement Revenue, Life Enriching Communities <br> Project, Series 2016, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/46 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1000014<br>|
| &nbsp;&nbsp;&nbsp; Hamilton County, OH, Hospital Facilities Revenue, Series A, Refunding  | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 8/1/51 | &nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp; 824845<br>|
| &nbsp;&nbsp;&nbsp; Hilliard, OH, Income Tax Revenue, Recreation and Wellness Campus, Series 2022  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/52 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1030689<br>|
| &nbsp;&nbsp;&nbsp; Lake County, OH, Community College District Revenue, COP, Refunding  | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 10/1/35 | &nbsp;&nbsp; 1840000 | &nbsp;&nbsp;&nbsp; 1887981<br>|
| &nbsp;&nbsp;&nbsp; Miami County, OH, Hospital Facilities Revenue, Kettering Health Network Obligated <br> Group Project, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 8/1/49 | &nbsp;&nbsp; 1680000 | &nbsp;&nbsp;&nbsp; 1698004<br>|
| &nbsp;&nbsp;&nbsp; Montgomery County, OH, Hospital Facilities Revenue, Kettering Health Network <br> Obligated Group Project  | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 8/1/47 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 924261<br>|
| &nbsp;&nbsp;&nbsp; Northeast Ohio Medical University Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/27 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp; 103551<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/29 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp; 107062<br>|
| &nbsp;&nbsp;&nbsp; Oakwood City, OH, School District, GO, Unlimited Tax, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/47 | &nbsp;&nbsp; 885000 | &nbsp;&nbsp;&nbsp; 926325<br>|
| &nbsp;&nbsp;&nbsp; Ohio State Air Quality Development Authority Revenue, Ohio Valley Electric Corp. <br> Project, Series B  | &nbsp;&nbsp; 4.350% | &nbsp;&nbsp; 6/30/40 | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; 2036928<br>|
| &nbsp;&nbsp;&nbsp; Ohio State Higher Educational Facility Commission Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ashtabula County Medical Center Obligated Group, Series 2022 | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 1/1/47 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1014162<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital University 2022 Project, Refunding | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 9/1/52 | &nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp; 405343<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Denison University 2023 Project | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 11/1/48 | &nbsp;&nbsp; 1185000 | &nbsp;&nbsp;&nbsp; 1238201<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; John Carroll University 2022 Project, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 10/1/47 | &nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp; 919170<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oberlin College 2023 Project, Green Bonds, Series A | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 10/1/53 | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; 2110672<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Otterbein Homes Obligated Group, Series 2023, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/31 | &nbsp;&nbsp; 915000 | &nbsp;&nbsp;&nbsp; 962043<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Cleveland Institute of Art 2018 Project | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 12/1/48 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 228643<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; University of Dayton 2020 Project, Refunding | &nbsp;&nbsp; 3.000% | &nbsp;&nbsp; 2/1/37 | &nbsp;&nbsp; 1580000 | &nbsp;&nbsp;&nbsp; 1501974<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Xavier University 2024 Project, Refunding | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 5/1/54 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 987289<br>|
| &nbsp;&nbsp;&nbsp; Ohio State Hospital Facilities Revenue, Children's Hospital Medical Center of Akron, <br> Series B  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 8/15/32 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1126268<br> <sup>(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ohio State Water Development Authority Pollution Control Loan Fund Revenue, <br> Green Bonds, Series D  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/44 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1108812<br>|

---

See Notes to Schedule of Investments.

------

Franklin Ohio Municipal Income ETF 2026 Quarterly Report

------

 **Franklin Ohio Municipal Income ETF**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Ohio — continued* | *Ohio — continued* | *Ohio — continued* | *Ohio — continued* | *Ohio — continued* |
| &nbsp;&nbsp;&nbsp; Port of Greater Cincinnati, OH, Development Authority Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Duke Energy Convention Center Project , Second Subordinate Development <br> Revenue Bonds, Series C, AG | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 12/1/58 | &nbsp;&nbsp; $300000 | &nbsp;&nbsp;&nbsp; $315961<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Duke Energy Convention Center Project , Second Subordinate Development <br> Revenue Bonds, Series C, AG | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 12/1/63 | &nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp; 787791<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Three Oaks Phase II Project, Series A1 | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 11/15/45 | &nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp; 701796<br>|
| &nbsp;&nbsp;&nbsp; Rickenbacker Port Authority, OH, Capital Funding Revenue, Series A  | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 1/1/32 | &nbsp;&nbsp; 565000 | &nbsp;&nbsp;&nbsp; 635178<br>|
| &nbsp;&nbsp;&nbsp; Summit County, OH, Development Finance Authority Revenue, Akron Properties LLC, <br> University of Akron Project, Series A, BAM  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/45 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1049586<br>|
| &nbsp;&nbsp;&nbsp; Summit County, OH, Green Local School District, GO: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, SD Credit Program | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 11/1/47 | &nbsp;&nbsp; 650000 | &nbsp;&nbsp;&nbsp; 683717<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B, AG | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 11/1/47 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 505789<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B, AG | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 11/1/52 | &nbsp;&nbsp; 1200000 | &nbsp;&nbsp;&nbsp; 1229599<br>|
| &nbsp;&nbsp;&nbsp; Summit County, OH, Various Purpose Improvement Bonds, GO, Series 2022  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/43 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1075834<br>|
| &nbsp;&nbsp;&nbsp; Upper Arlington, OH, Special Obligation Income Tax Revenue, Community Center, <br> Series 2023  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/53 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1029632<br>|
| &nbsp;&nbsp;&nbsp; Warren County, OH, Healthcare Facilities Revenue, Otterbein Homes Obligated <br> Group, Series 2024, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/49 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1009509<br>|
| *Total Ohio* | *Total Ohio* | *Total Ohio* | *Total Ohio* | &nbsp;&nbsp; *57953579* |
| *Puerto Rico — 0.4%* | *Puerto Rico — 0.4%* | *Puerto Rico — 0.4%* | *Puerto Rico — 0.4%* | *Puerto Rico — 0.4%* |
| &nbsp;&nbsp;&nbsp; Puerto Rico Commonwealth, GO, Restructured, Series A-1 | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/37 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 250517<br>|
| *Texas — 1.8%* | *Texas — 1.8%* | *Texas — 1.8%* | *Texas — 1.8%* | *Texas — 1.8%* |
| &nbsp;&nbsp;&nbsp; Bastrop, TX, ISD, GO, Unlimited Tax, School Building Bonds, Series 2023, PSF - GTD  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 2/15/53 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1034294<br>|
| &nbsp;&nbsp;&nbsp; Beaumont, TX, Housing Authority Revenue, Residential Development Senior Lien, <br> Series A  | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 7/1/55 | &nbsp;&nbsp; 165000 | &nbsp;&nbsp;&nbsp; 165613<br> <sup>(c)</sup><br>|
| *Total Texas* | *Total Texas* | *Total Texas* | *Total Texas* | &nbsp;&nbsp; *1199907* |
| *U.S. Virgin Islands — 0.3%* | *U.S. Virgin Islands — 0.3%* | *U.S. Virgin Islands — 0.3%* | *U.S. Virgin Islands — 0.3%* | *U.S. Virgin Islands — 0.3%* |
| &nbsp;&nbsp;&nbsp; U.S. Virgin Islands Matching Fund Special Purpose Securitization Corp. Revenue, <br> Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/1/30 | &nbsp;&nbsp; 210000 | &nbsp;&nbsp;&nbsp; 221816<br>|
| *Washington — 0.9%* | *Washington — 0.9%* | *Washington — 0.9%* | *Washington — 0.9%* | *Washington — 0.9%* |
| &nbsp;&nbsp;&nbsp; Grays Harbor County, WA, Public Hospital District No 1 Revenue, Summit Pacific <br> Medical Center, Series 2023, Refunding | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 12/1/44 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 563123<br>|
| **Total Investments before Short-Term Investments (Cost — $64,147,244)** | **Total Investments before Short-Term Investments (Cost — $64,147,244)** | **Total Investments before Short-Term Investments (Cost — $64,147,244)** | **Total Investments before Short-Term Investments (Cost — $64,147,244)** | &nbsp;&nbsp; **64397271** |
|  |  |  | Shares |  |
| **Short-Term Investments — 1.6%** | **Short-Term Investments — 1.6%** | **Short-Term Investments — 1.6%** | **Short-Term Investments — 1.6%** | **Short-Term Investments — 1.6%** |
| &nbsp;&nbsp;&nbsp; Putnam Government Money Market Fund, Class P Shares (Cost — $1,077,831)  | &nbsp;&nbsp; 3.450% |  | &nbsp;&nbsp; 1077831<br>| &nbsp;&nbsp;&nbsp;&nbsp; **1077831**<br> <sup>(f)(g)</sup><br>|
| **Total Investments — 99.0% (Cost — $65,225,075)** | **Total Investments — 99.0% (Cost — $65,225,075)** | **Total Investments — 99.0% (Cost — $65,225,075)** | **Total Investments — 99.0% (Cost — $65,225,075)** | &nbsp;&nbsp; **65475102** |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 1.0% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 1.0% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 1.0% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 1.0% | &nbsp;&nbsp;&nbsp; 689326 |
| **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | &nbsp;&nbsp; **$66164428** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

See Notes to Schedule of Investments.

------

Franklin Ohio Municipal Income ETF 2026 Quarterly Report

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Schedule of Investments (unaudited) (cont'd)

February 28, 2026

 **Franklin Ohio Municipal Income ETF**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Income from this issue is considered a preference item for purposes of calculating the alternative minimum tax ("AMT").

<sup>(b)</sup> Pre-Refunded bonds are generally escrowed with U.S. government obligations and/or U.S. government agency securities.

<sup>(c)</sup> Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions that are exempt from registration, normally to qualified institutional buyers. 

<sup>(d)</sup> Maturity date shown represents the mandatory tender date.

<sup>(e)</sup> Variable rate security. Interest rate disclosed is as of the most recent information available. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. 

<sup>(f)</sup> Rate shown is one-day yield as of the end of the reporting period. 

<sup>(g)</sup> In this instance, as defined in the Investment Company Act of 1940, an "Affiliated Company" represents Fund ownership of at least 5% of the outstanding voting securities of an issuer, or a company which is under common ownership or control with the Fund. At February 28, 2026, the total market value of investments in Affiliated Companies was $1,077,831 and the cost was $1,077,831 (Note 2). 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** |
| AG |  | Assured Guaranty — Insured Bonds |
| BAM |  | Build America Mutual — Insured Bonds |
| COP |  | Certificates of Participation |
| FNMA |  | Federal National Mortgage Association |
| GO |  | General Obligation |
| GTD |  | Guaranteed |
| ISD |  | Independent School District |
| PSF |  | Permanent School Fund |
| SD |  | School District |

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At February 28, 2026, the Fund had the following open futures contracts:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp; <br> Number of <br>Contracts<br>| &nbsp;&nbsp;&nbsp; <br> Expiration <br>Date<br>| &nbsp;&nbsp;&nbsp; <br> Notional <br>Amount<br>| &nbsp;&nbsp;&nbsp; <br> Market <br>Value<br>| &nbsp;&nbsp;&nbsp; <br> Unrealized <br>Depreciation<br>|
| **Contracts to Sell:** |  |  |  |  |  |
| U.S. Treasury Ultra Long-Term Bonds | &nbsp;&nbsp;&nbsp;&nbsp; 11 | &nbsp;&nbsp;&nbsp;&nbsp; 6/26 | &nbsp;&nbsp;&nbsp;&nbsp; $1326180 | &nbsp;&nbsp;&nbsp;&nbsp; $1337531 | &nbsp;&nbsp;&nbsp; **$(11351)** |

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This Schedule of Investments is unaudited and is intended to provide information about the Fund's investments as of the date of the schedule. Other information regarding the Fund is available in the Fund's most recent annual or semi-annual shareholder report.

See Notes to Schedule of Investments.

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Franklin Ohio Municipal Income ETF 2026 Quarterly Report

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Notes to Schedule of Investments (unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Organization and significant accounting policies** 

Franklin Ohio Municipal Income ETF (the "Fund") is a separate diversified investment series of Putnam ETF Trust (the "Trust"). The Trust, a Delaware statutory trust, is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company.

The Fund is an actively managed exchange-traded fund ("ETF"). ETFs are funds that trade like other publicly-traded securities. Unlike shares of a mutual fund, which can be bought from and redeemed by the issuing fund by all shareholders at a price based on NAV, shares of the Fund may be directly purchased from and redeemed by the Fund at NAV solely by certain large institutional investors who have entered into agreements with the Fund's distributor ("Authorized Participants"). Also unlike shares of a mutual fund, shares of the Fund are listed on a national securities exchange and trade in the secondary market at market prices that change throughout the day.

Shares of the Fund are listed and traded at market prices on NYSE Arca, Inc. The market price for the Fund's shares may be different from the Fund's NAV. The Fund issues and redeems shares at NAV only in blocks of a specified number of shares or multiples thereof ("Creation Units"). Only Authorized Participants may purchase or redeem Creation Units directly with the Fund at NAV. Creation Units are created and redeemed principally in-kind (although under some circumstances its shares are created and redeemed partially for cash). Except when aggregated in Creation Units, shares of the Fund are not redeemable securities. Shareholders who are not Authorized Participants may not redeem shares directly from the Fund at NAV.

The Fund seeks as high a level of current income exempt from federal income tax and Ohio personal income tax as is consistent with preservation of capital.

The Fund follows the accounting and reporting guidance in Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services – Investment Companies* ("ASC 946"). The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles ("GAAP"), including, but not limited to, ASC 946.

**(a) Investment valuation.** The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures approved by the Fund's Board of Trustees (the "Board").

Pursuant to policies adopted by the Board, the Fund's manager has been designated as the valuation designee and is responsible for the oversight of the daily valuation process. The Fund's manager is assisted by the Global Fund Valuation Committee (the "Valuation Committee"). The Valuation Committee is responsible for making fair value determinations, evaluating the effectiveness of the Fund's pricing policies, and reporting to the Fund's manager and the Board. When determining the reliability of third party pricing information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer's financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts' research and observations from

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Franklin Ohio Municipal Income ETF 2026 Quarterly Report

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Notes to Schedule of Investments (unaudited) (cont'd)

financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board quarterly.

The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:

• Level 1 — unadjusted quoted prices in active markets for identical investments

• Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 — significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used in valuing the Fund's assets and liabilities carried at fair value: <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Municipal Bonds† | &nbsp;&nbsp; — | &nbsp;&nbsp; $64397271 | &nbsp;&nbsp; — | &nbsp;&nbsp; $64397271 |
| Short-Term Investments† | &nbsp;&nbsp; $1077831 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1077831 |
| **Total Investments** | &nbsp;&nbsp; **$1077831** | &nbsp;&nbsp; **$64397271** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$65475102** |
| **LIABILITIES**  | **LIABILITIES**  | **LIABILITIES**  | **LIABILITIES**  | **LIABILITIES**  |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Other Financial Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Futures Contracts†† | &nbsp;&nbsp; $11351 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; $11351 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

† See Schedule of Investments for additional detailed categorizations. <br> †† Reflects the unrealized appreciation (depreciation) of the instruments.

**2. Transactions with affiliated companies**

As defined by the 1940 Act, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The following company was considered an affiliated company for all or some portion of the period ended February 28, 2026. The following transactions were effected in such company for the period ended February 28, 2026. <br>

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>May 31, <br>2025 | Purchased | Purchased | Sold | Sold |
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>May 31, <br>2025 | Cost | Shares | Proceeds | Shares |
| Putnam Government <br> Money Market Fund, <br> Class P Shares<br>|  | $7528300 | 7528300 | $6450469 | 6450469 |

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Franklin Ohio Municipal Income ETF 2026 Quarterly Report

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Affiliate<br> Value at<br> May 31,<br> 2025 | Purchased | Purchased | Sold | Sold |
|  | Affiliate<br> Value at<br> May 31,<br> 2025 | Cost | Shares | Proceeds | Shares |
| Putnam Short Term <br> Investment Fund, Class P <br> Shares<br>| $1569772 | $11528671 | 11528671 | $13098443 | 13098443 |
|  | **$1569772** | **$19056971** |  | **$19548912** |  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| (cont'd) | Realized <br>Gain (Loss)<br>| Dividend <br>Income<br>| Net Increase <br>(Decrease) in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Affiliate <br>Value at <br>February 28, <br>2026<br>|
| Putnam Government Money <br> Market Fund, Class P Shares<br>|  | $25378 |  | $1077831 |
| Putnam Short Term Investment <br> Fund, Class P Shares<br>|  | 13843 |  |  |
|  | **—** | **$39221** | **—** | **$1077831** |

---

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Franklin Ohio Municipal Income ETF 2026 Quarterly Report

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## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Putnam ETF Trust

- **b. Investment Company Act file number:** 811-23643

- **c. CIK number of Registrant:** 0001845809

- **d. LEI of Registrant:** 549300EMFKH8ETCKNO35

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** One Franklin Parkway

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94403-1906

  - **Telephone number:** 650-312-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Franklin Ohio Municipal Income ETF

- **b. EDGAR series identifier (if any):** S000094558

- **c. LEI of Series:** 254900KLKSFHT48BOB83

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2026-02-28

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $66225103.66

**Total Liabilities:** $60675.01

**Net Assets:** $66164428.65

**Cash Not Reported:** $60096.32

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 1194.94005000 | **5-Year:** 12012.77559000 | **10-Year:** 35421.90084000 | **30-Year:** 853.18316000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 613.81407000 | **10-Year:** 848.84009000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000263091 | 0.08%                | 0.48%                | 1.39%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $28551.43                | $-290603.67                                |
| Month 2  | $76433.62                | $-49112.32                                 |
| Month 3  | $0.00                    | $761155.72                                 |

**Designated Index Information**

- **Index Name:** BTMNTR Index

- **Index Identifier:** BM10506

### Schedule of Portfolio Investments

| Name                                                   | Title                                          | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHICAGO BOARD OF TRADE                                 | Ultra U.S. Treasury Bond Futures, Jun-2026,ETH | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -11 | NC      | $-11351.20    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| MONTGOMERY CNTY OHIO                                   | OH MONMED 4 08/01/2047                         | CUSIP: 613520LA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $924260.70    | 1.40%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT                                              | GU GMSFAC 5 11/15/2031                         | CUSIP: 40065BCQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $356331.46    | 0.54%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                           | OH OHSEDU 5.25 12/01/2048                      | CUSIP: 67756DRV0<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    250000 | PA      | $228643.20    | 0.35%             | 2048-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NORTHEAST OHIO MED UNIV                                | OH NORHGR 5 12/01/2027                         | CUSIP: 66433RAY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103551.17    | 0.16%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CUYAHOGA CNTY OHIO PORT AUTH                 | OH CLETRN 5.5 12/01/2053                       | CUSIP: 18610PAW8<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    700000 | PA      | $702733.78    | 1.06%             | 2053-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT                                              | GU GMSGEN 5 11/01/2040                         | CUSIP: 40065KAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $317820.57    | 0.48%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBUS-FRANKLIN CNTY OHIO FIN AUTH                   | OH COLFIN 5.5 05/15/2055                       | CUSIP: 199097JR8<br>LEI: 549300NX3ODQN2ETOO82 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1240964.28   | 1.88%             | 2055-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PORT GTR CINCINNATI DEV AUTH OHIO                      | OH PRTDEV 4.62 11/15/2045                      | CUSIP: 734195FG0<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    700000 | PA      | $701795.50    | 1.06%             | 2045-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Putnam Investment Fund.                                | Putnam Investment Fund. GOVT MMKT P            | CUSIP: 74680A869<br>LEI: 549300SRAF55EHI5J317 | Long             | STIV             | RF                | US        |   1077831 | PA      | $1077830.79   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| GUAM PORT AUTH                                         | GU GMSTRN 5 07/01/2037                         | CUSIP: 400652AP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $205578.08    | 0.31%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CUYAHOGA CNTY OHIO                                     | OH CUYDEV 5 01/01/2037                         | CUSIP: 232263KM4<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    400000 | PA      | $423557.84    | 0.64%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BEDFORD OHIO CITY SCH DIST                             | OH BEDSCD 5.5 12/01/2058                       | CUSIP: 076365LZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058854.00   | 1.60%             | 2058-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                           | OH OHSEDU 4 10/01/2047                         | CUSIP: 67756DZU3<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $919169.57    | 1.39%             | 2047-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HILLIARD OHIO                                          | OH HILGEN 5 12/01/2052                         | CUSIP: 43162CAZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030689.10   | 1.56%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAYS HARBOR COUNTY PUBLIC UTILITY DISTRICT N.1 (WA)   | WA GRHMED 6.75 12/01/2044                      | CUSIP: 389526AG9<br>LEI: TBI9VVSY0W0HBJJJJM65 | Long             | DBT              | MUN               | US        |    500000 | PA      | $563123.10    | 0.85%             | 2044-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CUYAHOGA COUNTY PORT AUTHORITY (OH)          | OH CLETRN 5 11/15/2054                         | CUSIP: 186103MA2<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    250000 | PA      | $254723.40    | 0.38%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RICKENBACHER OHIO PORT AUTH                            | OH RKBTRN 5.38 01/01/2032                      | CUSIP: 765639AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $635178.42    | 0.96%             | 2032-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GUAM PORT AUTH                                         | GU GMSTRN 5 07/01/2033                         | CUSIP: 400652AK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $206871.54    | 0.31%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUMMIT CNTY OHIO DEV FIN AUTH                          | OH SUMHSG 5 07/01/2045                         | CUSIP: 86607LAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049586.30   | 1.59%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTERVILLE OHIO                                       | OH CTVMED 5.25 11/01/2050                      | CUSIP: 152241BA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $479351.15    | 0.72%             | 2050-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BEAUMONT TEX HSG AUTH                                  | TX BEAHSG 6.5 07/01/2055                       | CUSIP: 07451AAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $165613.06    | 0.25%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OHIO ST                                                | OH OHSMED 08/15/2054                           | CUSIP: 67756CGB8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1126267.80   | 1.70%             | 2054-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OHIO MET LIBR                                 | OH COLFAC 4 12/01/2038                         | CUSIP: 199520CF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023295.00   | 1.55%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH                  | OH BUCGEN 3 06/01/2048                         | CUSIP: 118217CW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1090167.45   | 1.65%             | 2048-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PORT GTR CINCINNATI DEV AUTH OHIO                      | OH PRTDEV 5.25 12/01/2058                      | CUSIP: 734195FA3<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    300000 | PA      | $315961.20    | 0.48%             | 2058-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                           | OH OHSEDU 5.25 05/01/2054                      | CUSIP: 67756DS80<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987288.80    | 1.49%             | 2054-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLEVELAND (OH), CITY OF                                | OH CLEPWR 4 11/15/2036                         | CUSIP: 186398MB6<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |    750000 | PA      | $772373.25    | 1.17%             | 2036-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WARREN CNTY OHIO                                       | OH WARMED 5 07/01/2049                         | CUSIP: 93515PEL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009509.20   | 1.53%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREEN OHIO LOC SCH DIST                                | OH GEESCD 5.5 11/01/2047                       | CUSIP: 393190GQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $683717.39    | 1.03%             | 2047-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CLEVELAND OHIO                                         | OH CLE 3 12/01/2034                            | CUSIP: 1863432R9<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1258157.13   | 1.90%             | 2034-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ASHLAND OHIO CITY SCH DIST                             | OH ASHSCD 3 11/01/2042                         | CUSIP: 044465HH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $892076.10    | 1.35%             | 2042-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                           | OH OHSEDU 5 11/01/2048                         | CUSIP: 67756DQ33<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1238201.17   | 1.87%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UPPER ARLINGTON (OH), CITY OF                          | OH UPPGEN 5 12/01/2053                         | CUSIP: 915515AZ3<br>LEI: 5493002KHBEUI9TNXM57 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029631.50   | 1.56%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO VALLEY ELECTRIC CORP                              | OH OHSDEV 4.35 06/30/2040                      | CUSIP: 677525XD4<br>LEI: 549300MA7EMERVYDHS24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2036928.00   | 3.08%             | 2040-06-30      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| NORTHEAST OHIO MED UNIV                                | OH NORHGR 5 12/01/2029                         | CUSIP: 66433RBA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107061.77    | 0.16%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALASKA INDL DEV & EXPT AUTH                            | AK AKSDEV 5 10/01/2030                         | CUSIP: 011903FZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $700225.05    | 1.06%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CUYAHOGA CNTY OHIO                                     | OH CUYDEV 5 01/01/2041                         | CUSIP: 232263KR3<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1498486.41   | 2.26%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKE CNTY OHIO CMNTY COLLEGE DIST                      | OH LAKHGR 4 10/01/2035                         | CUSIP: 509434AN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1887980.94   | 2.85%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT WTRWKS AUTH                                  | GU GMSUTL 5 01/01/2046                         | CUSIP: 40065FEG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $362536.16    | 0.55%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OHIO                                     | OH HAMMED 5.5 08/01/2051                       | CUSIP: 4072722W2<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    800000 | PA      | $824844.72    | 1.25%             | 2051-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                           | OH OHSMED 4 07/01/2031                         | CUSIP: 677510BU2<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    915000 | PA      | $962043.35    | 1.45%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OHIO                                     | OH HAMMED 5 01/01/2046                         | CUSIP: 40727RBT4<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000013.80   | 1.51%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MATCHING FD SPL PURP SECURITIZATION CORP VIRGIN IS     | VI MFCFAC 5 10/01/2030                         | CUSIP: 57665NAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $221815.61    | 0.34%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AKRON BATH COPLEY OHIO JT TWP HOSP DIST                | OH AKRMED 4 11/15/2038                         | CUSIP: 009730PV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $388323.58    | 0.59%             | 2038-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY OHIO                                     | OH FRAGEN 5 12/01/2046                         | CUSIP: 353202FM1<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   2445000 | PA      | $2474506.75   | 3.74%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI CNTY OHIO                                        | OH MIAMED 5 08/01/2049                         | CUSIP: 593328FQ5<br>LEI: 549300YAYSF4ZQH3JU54 | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1698004.39   | 2.57%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM PORT AUTH                                         | GU GMSTRN 5 07/01/2036                         | CUSIP: 400652AN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $412147.64    | 0.62%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OAKWOOD OHIO CITY SCH DIST                             | OH OAKSCD 5 12/01/2047                         | CUSIP: 674157GY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $926324.90    | 1.40%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                            | IL ILS 5 10/01/2032                            | CUSIP: 4521523E9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1109419.40   | 1.68%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DAYTON-MONTGOMERY CNTY OHIO PORT AUTH                  | OH DAYTRN 4.5 01/01/2041                       | CUSIP: 23982CAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $1052823.02   | 1.59%             | 2041-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CLEVELAND (OH), CITY OF                                | OH CLVPOL 5 11/15/2049                         | CUSIP: 186423BU2<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |    725000 | PA      | $761127.62    | 1.15%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY OHIO CONVENTION FACS AUTH                | OH FRAFAC 5 12/01/2044                         | CUSIP: 35317DAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019089.40   | 1.54%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AKRON BATH COPLEY OHIO JT TWP HOSP DIST                | OH AKRMED 4 11/15/2037                         | CUSIP: 009730PU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $323602.98    | 0.49%             | 2037-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO STATE HIGHER EDUCATIONAL FACILITY COMMISSION (OH) | OH OHSMED 5.25 01/01/2047                      | CUSIP: 677510CX5<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014161.90   | 1.53%             | 2047-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BASTROP TEX INDPT SCH DIST                             | TX BASSCD 5 02/15/2053                         | CUSIP: 070329W37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034294.30   | 1.56%             | 2053-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREEN OHIO LOC SCH DIST                                | OH GEESCD 5 11/01/2052                         | CUSIP: 393190HM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1229599.44   | 1.86%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                           | OH OHSEDU 5.25 10/01/2053                      | CUSIP: 67756DM60<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2110672.20   | 3.19%             | 2053-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CUYAHOGA CNTY OHIO PORT AUTH                 | OH CLETRN 4 12/01/2055                         | CUSIP: 18611HAB1<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    475000 | PA      | $370200.37    | 0.56%             | 2055-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                           | OH OHSEDU 3 02/01/2037                         | CUSIP: 67756DYJ9<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1501974.07   | 2.27%             | 2037-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GREENE CNTY OHIO PORT AUTH                             | OH GREDEV 5 05/15/2055                         | CUSIP: 39465WAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981708.40    | 1.48%             | 2055-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CUYAHOGA CNTY OHIO PORT AUTH                 | OH CLETRN 4 07/01/2046                         | CUSIP: 18610PBQ0<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $903315.90    | 1.37%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALASKA INDL DEV & EXPT AUTH                            | AK AKSDEV 5 10/01/2031                         | CUSIP: 011903GA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $537399.40    | 0.81%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CUYAHOGA COUNTY PORT AUTHORITY (OH)          | OH CLETRN 5.5 08/01/2047                       | CUSIP: 186103LR6<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054234.10   | 1.59%             | 2047-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY OHIO                                     | OH FRAMED 5 11/15/2044                         | CUSIP: 353180JQ6<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000003.00   | 1.51%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DAYTON-MONTGOMERY CNTY OHIO PORT AUTH                  | OH DAYTRN 5 12/01/2054                         | CUSIP: 23981MBF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $993155.10    | 1.50%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREEN OHIO LOC SCH DIST                                | OH GEESCD 4.62 11/01/2047                      | CUSIP: 393190HL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505788.50    | 0.76%             | 2047-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OHIO MET HSG AUTH                             | OH COLHSG 4 06/01/2034                         | CUSIP: 19951AAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1330708.08   | 2.01%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMWLTH                                    | PR PRC 4 07/01/2037                            | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250516.58    | 0.38%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SUMMIT CNTY OHIO                                       | OH SUM 5 12/01/2043                            | CUSIP: 86606WBX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075833.80   | 1.63%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND (OH), CITY OF                                | OH CLVPOL 5 11/15/2054                         | CUSIP: 186423BV0<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1411382.21   | 2.13%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY OHIO                                     | OH FRAMED 4 07/01/2040                         | CUSIP: 353180MK5<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $973058.50    | 1.47%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OHIO REGL ARPT AUTH                           | OH COLAPT 5.25 01/01/2055                      | CUSIP: 199546DX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054972.50   | 1.59%             | 2055-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OHIO WATER DEVELOPMENT AUTHORITY (OH)                  | OH OHSPOL 5 12/01/2044                         | CUSIP: 67766WT44<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1108811.70   | 1.68%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                           | OH OHSEDU 6 09/01/2052                         | CUSIP: 67756DJ98<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    400000 | PA      | $405342.56    | 0.61%             | 2052-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PORT GTR CINCINNATI DEV AUTH OHIO                      | OH PRTDEV 5.25 12/01/2063                      | CUSIP: 734195FB1<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    750000 | PA      | $787791.00    | 1.19%             | 2063-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-24

**Name of Applicant:** Putnam ETF Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer Controller, US Fund Administration and Oversight