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%
#1,651 of 5,861 · low cost
Fund Size
$200M
#2,353 of 5,861 · mid-size
Dividend YieldGoal
2.96%
Track Record
8 years
#1,713 of 5,861 · established
Performance
Total-return NAV · USDGrowth of $10,000
$10,063+0.6%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 24.4% of fund✓ well diversified
Putnam Investment Fund.
6.0%
MINNESOTA ST HIGHER ED FACS AUTH
2.7%
MINNEAPOLIS MINN
2.5%
MINNESOTA ST
2.2%
MINNEAPOLIS MINN
2.1%
WESTERN MINN MUN PWR AGY MINN
1.9%
MINNESOTA ST
1.8%
ANOKA-HENNEPIN MINN INDPT SCH DIST NO 11
1.8%
HENNEPIN CNTY MINN
1.8%
HENNEPIN (MN), COUNTY OF
1.7%
Asset allocation
Bonds
97.0%
Cash
3.0%
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
10.0 years
Credit ratings
AAA
12.5%
AA
43.2%
A
24.7%
BBB
10.0%
BB
6.7%
B
0.2%
Other
2.7%
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 mainly in bonds that pay interest exempt from federal and Minnesota personal income tax, focusing on investment-grade quality with intermediate- to long-term maturities. At least 80% of net assets are in tax-exempt investments issued by U.S. states and their subdivisions.
- Inception date
- May 22, 2018
- Fund family
- Franklin Templeton Investments
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Data updated on 2026-08-04