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        <name>BUILD NYC RESOURCE CORP N Y</name>
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        <name>NEW YORK N Y CITY MUN WTR FIN AUTH</name>
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        <name>GUAM INTL ARPT AUTH</name>
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        <name>BUILD NYC RESOURCE CORP N Y</name>
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        <name>NEW YORK LIBERTY DEV CORP</name>
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        <name>Putnam Investment Fund.</name>
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        <name>DUTCHESS CNTY N Y LOC DEV CORP</name>
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        <name>ONEIDA CNTY N Y LOC DEV CORP</name>
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        <name>BUILD NYC RESOURCE CORP N Y</name>
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        <name>HEMPSTEAD TOWN N Y LOC DEV CORP</name>
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        <name>NEW YORK LIBERTY DEV CORP</name>
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          <maturityDt>2042-02-15</maturityDt>
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        <name>WESTCHESTER CNTY N Y LOC DEV CORP</name>
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        <name>NEW YORK ST DORM AUTH</name>
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        <name>NEW YORK ST DORM AUTH</name>
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        <name>NEW YORK ST DORM AUTH</name>
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        <name>METROPOLITAN TRANSN AUTH N Y</name>
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        <name>NEW YORK ST DORM AUTH</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>BUFFALO &amp; ERIE CNTY N Y</name>
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          <isin value="US11943KEC27"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GUAM INTL ARPT AUTH</name>
        <lei>N/A</lei>
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          <isin value="US40064RFF10"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MONROE CNTY N Y INDL DEV CORP</name>
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          <isin value="US61075TXR49"/>
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        <balance>635000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NEW YORK ST DORM AUTH</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NY NYSHGR 5 07/01/2036</title>
        <cusip>65000BMR6</cusip>
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          <isin value="US65000BMR68"/>
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        <balance>730000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>703305.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>WESTCHESTER CNTY N Y LOC DEV CORP</name>
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        <balance>500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY (THE) (NY)</name>
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        <cusip>64972JMF2</cusip>
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        <balance>3500000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>NEW YORK ST ENERGY RESH &amp; DEV AUTH</name>
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        <cusip>649845HD9</cusip>
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          <isin value="US649845HD92"/>
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        <balance>5000000.00000000</balance>
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        <valUSD>5107035.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>ALBANY N Y CAP RESOURCE CORP</name>
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          <isin value="US012432CM05"/>
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        <balance>505000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>BUILD NYC RESOURCE CORP N Y</name>
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        <title>NY BUIGEN 4 11/01/2041</title>
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          <isin value="US12008ESG25"/>
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        <balance>1780000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>TRIBOROUGH BRDG &amp; TUNL AUTH N Y</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2059-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>MONROE CNTY N Y INDL DEV CORP</name>
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        <name>ONEIDA INDIAN NATION N Y</name>
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        <name>NEW YORK ST DORM AUTH</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NY NYSHGR 5.25 10/01/2049</title>
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        <name>ONONDAGA N Y CIVIC DEV CORP</name>
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          <isin value="US682832JN11"/>
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        <name>TRIBOROUGH BRDG &amp; TUNL AUTH N Y</name>
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          <maturityDt>2052-05-15</maturityDt>
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        <name>HEMPSTEAD TOWN N Y LOC DEV CORP</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-02-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>CLINTON CNTY N Y CAP RES CORP</name>
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        <name>BUILD NYC RESOURCE CORP N Y</name>
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        <name>NEW YORK LIBERTY DEV CORP</name>
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        <name>ONEIDA CNTY N Y LOC DEV CORP</name>
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        <name>ONONDAGA N Y CIVIC DEV CORP</name>
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        <name>ST LAWRENCE CNTY N Y INDL DEV AGY</name>
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        <name>GENESEE CNTY N Y FDG CORP</name>
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        <name>NEW YORK TRANSN DEV CORP</name>
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          <isin value="US650116HQ22"/>
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        <name>NEW YORK ST DORM AUTH</name>
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        <name>DUTCHESS CNTY N Y LOC DEV CORP</name>
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      <invstOrSec>
        <name>ONEIDA CNTY N Y LOC DEV CORP</name>
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        <name>WESTCHESTER TOBACCO ASSET SECURITIZATION CORP N Y</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ALBANY N Y CAP RESOURCE CORP</name>
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        <name>ONONDAGA N Y CIVIC DEV CORP</name>
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        <name>BUILD NYC RESOURCE CORP N Y</name>
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        <name>NEW YORK N Y CITY MUN WTR FIN AUTH</name>
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        <name>BUILD NYC RESOURCE CORP N Y</name>
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        <name>METROPOLITAN TRANSN AUTH N Y</name>
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        <name>HEMPSTEAD TOWN N Y LOC DEV CORP</name>
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        <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>
