FTMAFranklin Massachusetts Municipal Inc ETF

Get income8y track recordRanked #426 of 1,622 in this goal

Seeks high current income exempt from federal and Massachusetts personal income tax while preserving capital.

By Franklin Templeton Investments · Launched 2018

Annual Cost

0.35%

#1,706 of 5,562 · low cost

Fund Size

$290M

#1,962 of 5,562 · mid-size

Dividend YieldGoal

3.15%

Track Record

8 years

#1,744 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,274+2.7%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

What it actually holds

By weight

Concentration

Top 10 holdings = 19.3% of fund✓ well diversified

MASSACHUSETTS ST DEV FIN AGY

2.4%

Putnam Government Money Market Fund

2.2%

MASSACHUSETTS ST

2.2%

MASSACHUSETTS ST

2.2%

MASSACHUSETTS ST BAY TRANSPRTN

1.9%

MASSACHUSETTS ST DEV FIN AGY R

1.8%

MASSACHUSETTS ST HSG FIN AGY

1.7%

MASSACHUSETTS ST DEV FIN AGY R

1.7%

MASSACHUSETTS ST TRANSPRTN FUN

1.7%

NORTH READING MA

1.6%

Asset allocation

Bonds

89.7%

Cash

10.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

N/A

Max drawdown

-2.3%Mild

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Bond profile

Duration

4.8 years

Avg maturity

10.1 years

Credit ratings

AAA

10.3%

43.4%

21.8%

BBB

16.5%

3.3%

Other

4.7%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks high current income exempt from federal and Massachusetts personal income tax while preserving capital.
Strategy: Invests mainly in investment-grade bonds that pay interest exempt from federal and Massachusetts personal income tax, with maturities of three years or longer. Under normal circumstances, invests at least 80% of net assets in tax-exempt investments.
Inception date: May 22, 2018
Fund family: Franklin Templeton Investments