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        <name>MASSACHUSETTS ST DEV FIN AGY</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY</name>
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        <name>UNIVERSITY MASS BLDG AUTH</name>
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        <name>MASSACHUSETTS ST TRANSN FD</name>
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        <name>NORTH READING MASS</name>
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        <name>GUAM PORT AUTH</name>
        <lei>N/A</lei>
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          <isin value="US400652AL73"/>
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          <maturityDt>2034-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>UNIVERSITY MASS BLDG AUTH</name>
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        <name>MASSACHUSETTS HOUSING FINANCE AGENCY (MA)</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-12-01</maturityDt>
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        <name>MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MA)</name>
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        <name>BEAUMONT TEX HSG AUTH</name>
        <lei>N/A</lei>
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        <cusip>07451AAA4</cusip>
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          <isin value="US07451AAA43"/>
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          <maturityDt>2055-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>MASSACHUSETTS ST DEV FIN AGY</name>
        <lei>549300UZSVMFXJK08K70</lei>
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          <maturityDt>2031-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>MASSACHUSETTS ST HSG FIN AGY</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>MA MASDEV 5 12/01/2036</title>
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        <name>MASSACHUSETTS MUN WHSL ELEC CO</name>
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        <title>MA MASPWR 5 07/01/2038</title>
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        <name>MASSACHUSETTS ST DEV FIN AGY</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>MA MASDEV 5 07/01/2032</title>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>MASSACHUSETTS ST WTR RES AUTH</name>
        <lei>549300GBS2G3YGHOYO19</lei>
        <title>MA MASWTR 5.25 08/01/2048</title>
        <cusip>576051E51</cusip>
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        <name>MASSACHUSETTS ST DEV FIN AGY</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>MA MASDEV 5 07/15/2046</title>
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        <name>MASSACHUSETTS ST DEV FIN AGY</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>MA MASDEV 5 07/01/2038</title>
        <cusip>57584YG78</cusip>
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        <name>MASSACHUSETTS BAY TRANSPORTATION AUTHORITY (MA)</name>
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        <name>MASSACHUSETTS ST SCH BLDG AUTH</name>
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        <name>MASSACHUSETTS ST PORT AUTH</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY</name>
        <lei>549300UZSVMFXJK08K70</lei>
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        <name>MASSACHUSETTS ST DEV FIN AGY</name>
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        <name>MASSACHUSETTS ST PORT AUTH</name>
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        <name>QUINCY MASS</name>
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        <name>GUAM GOVT</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY</name>
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        <name>GUAM PORT AUTH</name>
        <lei>N/A</lei>
        <title>GU GMSTRN 5 07/01/2030</title>
        <cusip>400652AG8</cusip>
        <identifiers>
          <isin value="US400652AG88"/>
        </identifiers>
        <balance>465000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>484460.53000000</valUSD>
        <pctVal>0.189881584788</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAVIS CALIF JT UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>CA DAVSCD 3 08/01/2038</title>
        <cusip>238848EA9</cusip>
        <identifiers>
          <isin value="US238848EA97"/>
        </identifiers>
        <balance>2650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2536307.32000000</valUSD>
        <pctVal>0.994091414282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>



    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-04-24</ncom:dateSigned>
      <ncom:nameOfApplicant>Putnam ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Monica Krogh</ncom:signature>
      <ncom:signerName>Monica Krogh</ncom:signerName>
      <ncom:title>Assistant Treasurer Controller, US Fund Administration and Oversight</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
