Franklin Massachusetts Municipal Income ETF
The ETF.net FTMA Grade
C
Score 55 out of 100
- 37 of 63
Score 55 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays C for now. A new letter must hold for 3 published runs before it replaces it.
Cost
The fund’s net expense ratio, ranked against its category.D35 out of 100Rank 37 of 63Mission
Whether the fund did what it promised, tested against its stated mandate.A80 out of 100Rank 47 of 59Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B58 out of 100Rank 18 of 63Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B60 out of 100Rank 20 of 63Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C44 out of 100Rank 46 of 63Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B60 out of 100Rank 29 of 63
FTMA Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
FTMA$9,964
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FTMA |
|---|---|
| Year to date | −0.4% |
| 1 month | +2.9% |
| 3 months | −1.3% |
| 1 year | |
| 3 years | |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FTMA |
|---|---|---|
| 2026 YTD | −0.4% | |
| 2025 | 0.0% |
FTMA in the news
FTMA Dividends
- $0.03 per share
- Monthly
Distribution data unavailable.
Distribution history
$10,000 in FTMA 1 year ago paid $318 in dividends.
FTMA Risk
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.13
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
FTMA Cost
Overpaying vs VTEB, tied cheapest in Other Municipal Bond
$6,488
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
FTMA 0.35%
$7,126
VTEB 0.03% Tied cheapest
$638
Cost over time
Year by year
| Year | FTMA | VTEB | Overpaying |
|---|---|---|---|
| 10 | $634 | $55 | $579 |
| 20 | $2,454 | $216 | $2,238 |
| 30 | $7,126 | $638 | $6,488 |
You pay 0.35%Waived by Franklin Templeton 0.01%
Full fee 0.36% waiver 0.01% you pay 0.35%
Other funds in Other Municipal Bond
- BWTMUWisdomTree Core Laddered Municipal FundExpense ratio 0.25%1 year return −0.2%
- BFLMBFranklin Municipal Green Bond ETFExpense ratio 0.30%1 year return −1.0%
- BFTMNFranklin Minnesota Municipal Income ETFExpense ratio 0.35%1 year return
- BFTNYFranklin New York Municipal Income ETFExpense ratio 0.36%1 year return −0.4%
- CFTPAFranklin Pennsylvania Municipal Income ETFExpense ratio 0.35%1 year return
