FTMNFranklin Minnesota Municipal Income ETF
Seeks high current income exempt from federal and Minnesota 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
$198M
#2,316 of 5,562 · mid-size
Dividend YieldGoal
2.96%
Track Record
8 years
#1,744 of 5,562 · established
Performance
Total-return NAV · USDGrowth of $10,000
$10,215+2.1%
Total-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 23.9% of fund✓ well diversified
Putnam Government Money Market Fund
4.4%
MINNESOTA ST HGR EDU FACS AUTH
2.8%
MINNEAPOLIS MN HLTH CARE SYS R
2.6%
MINNESOTA ST COPS
2.3%
MINNEAPOLIS MN MF REVENUE
2.2%
WSTRN MN MUNI PWR AGY
2.1%
MINNESOTA ST COPS
1.9%
HENNEPIN CNTY MN
1.9%
ANOKA-HENNEPIN MN INDEP SCH DI
1.9%
HENNEPIN CNTY MN REGL RAILROAD
1.9%
Asset allocation
Bonds
92.7%
Cash
7.3%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
N/A
Max drawdown
-3.1%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
4.4 years
Avg maturity
9.9 years
Credit ratings
AAA
12.5%
AA
43.2%
A
24.7%
BBB
10.0%
BB
6.7%
B
0.2%
Other
2.7%
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks high current income exempt from federal and Minnesota personal income tax while preserving capital.
- Strategy
- Invests primarily in investment-grade bonds that provide interest exempt from federal and Minnesota personal income tax, with maturities of three years or longer. Under normal circumstances, at least 80% of net assets are in tax-exempt investments.
- Inception date
- May 22, 2018
- Fund family
- Franklin Templeton Investments
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Data updated on 2026-06-19