FTMAFranklin Massachusetts Municipal Inc ETF
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%
#1,699 of 6,040 · low cost
Fund Size
$293M
#2,111 of 6,040 · mid-size
Return (1Y)
N/A
Track Record
8 years
#1,725 of 6,040 · established
Performance
Total-return NAV · USDGrowth of $10,000
$9,890-1.1%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaHoldings
By weightConcentration
Top 10 holdings = 20.9% of funddiversified
Putnam Investment Fund.
4.5%
MASSACHUSETTS ST DEV FIN AGY
2.4%
MASSACHUSETTS ST
2.1%
MASSACHUSETTS ST
2.0%
MASSACHUSETTS BAY TRANSPORTATION AUTHORITY (MA)
1.8%
MASSACHUSETTS ST DEV FIN AGY
1.7%
MASSACHUSETTS ST DEV FIN AGY
1.7%
MASSACHUSETTS ST HSG FIN AGY
1.6%
MASSACHUSETTS ST TRANSN FD
1.6%
MASSACHUSETTS ST TRANSN FD
1.5%
Asset allocation
Bonds
93.2%
Cash
6.8%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
N/A
Max drawdown
-4.1%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
9.9 years
Credit ratings
AAA
13.8%
AA
42.1%
A
18.9%
BBB
14.3%
BB
4.3%
Other
6.7%
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 bonds that pay interest exempt from federal income tax and Massachusetts personal income tax, focusing on investment-grade quality with intermediate- to long-term maturities. Targets tax-exempt investments issued by U.S. states and their subdivisions.
- Inception date
- May 22, 2018
- Fund family
- Franklin Templeton Investments
Similar funds
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Data updated on 2026-09-18