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%
#1,651 of 5,861 · low cost
Fund Size
$299M
#1,994 of 5,861 · mid-size
Dividend YieldGoal
3.16%
Track Record
8 years
#1,712 of 5,861 · established
Performance
Total-return NAV · USDGrowth of $10,000
$10,098+1.0%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaWhat it actually holds
By weightConcentration
Top 10 holdings = 20.9% of fund✓ well diversified
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
91.5%
Cash
8.5%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (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
10.2 years
Credit ratings
AAA
10.3%
AA
43.4%
A
21.8%
BBB
16.5%
BB
3.3%
Other
4.7%
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
Same asset class, closest by strategy & exposureWhat's next?
You've looked at FTMA. Save it to your watchlist to weigh it against other funds, then turn your shortlist into a portfolio.
Data updated on 2026-08-04