Exhibit (16)
POWER OF ATTORNEY
We, the undersigned Trustees and officers of Putnam ETF Trust (the “Trust”), hereby severally constitute and appoint Barbara M. Baumann, George Putnam, III, Jonathan S. Horwitz, Michael J. Higgins, Bryan Chegwidden and James E. Thomas, and each of them singly, our true and lawful attorneys, with full power to them and each of them, to sign for us, and in our names and in the capacities indicated below, the Registration Statement on Form N-14 of the Trust relating to the merger of each “Target Fund” listed in the table below with and into the corresponding “Acquiring ETF” listed in the table below, each Acquiring ETF a series of the Trust, and any and all amendments (including post-effective amendments) to said Registration Statement and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto our said attorneys, and each of them acting alone, full power and authority to do and perform each and every act and thing requisite or necessary to be done in the premises, as fully to all intents and purposes as he might or could do in person, and hereby ratify and confirm all that said attorneys or any of them may lawfully do or cause to be done by virtue thereof.
| Target Fund | Acquiring ETF | |||
| Putnam California Tax Exempt Income Fund |
g | Franklin California Municipal Income ETF | ||
| Putnam Massachusetts Tax Exempt Income Fund |
g | Franklin Massachusetts Municipal Income ETF | ||
| Putnam Minnesota Tax Exempt Income Fund |
g | Franklin Minnesota Municipal Income ETF | ||
| Putnam New Jersey Tax Exempt Income Fund |
g | Franklin New Jersey Municipal Income ETF | ||
| Putnam New York Tax Exempt Income Fund |
g | Franklin New York Municipal Income ETF | ||
| Putnam Ohio Tax Exempt Income Fund |
g | Franklin Ohio Municipal Income ETF | ||
| Putnam Pennsylvania Tax Exempt Income Fund |
g | Franklin Pennsylvania Municipal Income ETF | ||
| Putnam Short-Term Municipal Income Fund |
g | Franklin Short-Term Municipal Income ETF | ||
| Putnam Tax Exempt Income Fund |
g | Franklin Municipal Income ETF | ||
| Putnam Tax-Free High Yield Fund |
g | Franklin Municipal High Yield ETF | ||
[Signature page follows]
WITNESS my hand and seal on the date set forth below.
| Signature |
Title |
Date | ||
| /s/ Barbara M. Baumann Barbara M. Baumann |
Chair, Board and Trustee | June 20, 2025 | ||
| /s/ Robert L. Reynolds Robert L. Reynolds |
President and Trustee | June 20, 2025 | ||
| /s/ Jonathan S. Horwitz Jonathan S. Horwitz |
Executive Vice President, Principal Executive Officer and Compliance Liaison | June 20, 2025 | ||
| /s/ Michael J. Higgins Michael J. Higgins |
Vice President, Treasurer, and Clerk | June 20, 2025 | ||
| /s/ Jeffrey W. White Jeffrey W. White |
Vice President, Principal Financial Officer, Principal Accounting Officer and Assistant Treasurer | June 20, 2025 | ||
| /s/ Liaquat Ahamed Liaquat Ahamed |
Trustee | June 20, 2025 | ||
| /s/ Katinka Domotorffy Katinka Domotorffy |
Trustee | June 20, 2025 | ||
| /s/ Catharine Bond Hill Catharine Bond Hill |
Trustee | June 20, 2025 | ||
| /s/ Gregory G. McGreevey Gregory G. McGreevey |
Trustee | June 20, 2025 | ||
| /s/ Jennifer Williams Murphy Jennifer Williams Murphy |
Trustee |
June 20, 2025 | ||
| /s/ Marie Pillai Marie Pillai |
Trustee |
June 20, 2025 | ||
| /s/ George Putnam III George Putnam III |
Trustee |
June 20, 2025 | ||
| /s/ Manoj P. Singh Manoj P. Singh |
Trustee |
June 20, 2025 | ||
| /s/ Mona K. Sutphen Mona K. Sutphen |
Trustee |
June 20, 2025 | ||
| /s/ Jane E. Trust Jane E. Trust |
Trustee |
June 20, 2025 | ||