Franklin Templeton InvestmentsMuni Single StateFTMN · NYSE Arca

Franklin Minnesota Municipal Income ETF (FTMN)

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Price: $8.44; —11 Sept 2026
Assets: $285.8M; Total net assets
Expense ratio: 0.35%; Category 0.81%
Yield: 3.11%; Trailing distributions

1Y return: —; Category 0.3%
3Y CAGR: —; Category 2.6%
5Y CAGR: —; Category -0.5%

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Franklin Minnesota Municipal Income ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-3.4%	-3.8%	-2.9%	-2.5%	—	—	—	—	-1.9%
Muni Single State average	-2.5%	-2.8%	-1.9%	-1.3%	0.3%	2.6%	-0.5%	1.3%	1.1%
Difference	-0.8%	-0.9%	-0.9%	-1.2%	—	—	—	—	-3.0%

Holdings

The 1 largest positions make up 8.4% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
PGLXX	Putnam Government Money Market P	8.38%

Credit quality

Share of the bonds by rating.

AAA15.6%
AA41.4%
A21.2%
BBB12.3%
BB6.5%
Other3.0%

Asset mix

Bonds91.6%
Cash8.4%

ETF details

Issuer: Franklin Templeton Investments
Category: Fixed Income · Muni Single State
Ticker: FTMN
Exchange: NYSE Arca
Inception: 22 May 2018 (8.3 years)
Structure: Exchange Traded Fund
Expense ratio: 0.35% (category 0.81%)
Holdings turnover: 15% (category 20%)
Distribution yield: 3.11%
Beta, 3 years: 1.07
Total net assets: $285.8M
Average duration: 4.41 years
Average maturity: 9.80 years

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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