Skip to content
etf.net

FTMN

GradeCNew York Stock Exchange Arca

Putnam ETF Trust - Franklin Minnesota Municipal Income ETF

Municipal Bond · Franklin Templeton · Inception 1989-10-23

$8.28−0.12 (−1.40%)

As of Sep 23, 2026, 2:19 PM EDT

History starts Nov 10, 2025.History starts Nov 10, 2025.
Intraday session: down, 31 prints from 8.40 to 8.28. Range 8.28 to 8.40. Use the arrow keys to read each point.$8.30$8.35$8.4010 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$274M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
221
Volume · 30D
0.2M sh
NAV per share
$8.40
52W range
low $8.39high $9.00

The ETF.net FTMN Grade

C

51/ 100

Rank 44 of 63 in Other Municipal Bond⁠

Confidence High

Six-pillar profile for FTMN. Scores out of 100: Cost 36, Risk 37, Mission 72, Tradability 60, Holdings 53, Durability 60. Strongest: Mission (72). Weakest: Cost (36). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 51 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 36
    Category rank38/63 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 72
    Category rank45/57 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 37
    Category rank53/62 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 60
    Category rank22/63 · top 35%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 53
    Category rank40/63 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 60
    Category rank33/63 · mid-pack

Graded as of Sep 22, 2026

FTMN Holdings

As of Sep 22, 2026, 9:37 PM
Asset class
Bonds
Holdings
221
Top-10 weight
18%
Largest holding
MN MUNI GAS AGY-A 5 9/352.3%

Sectors

  • Municipal100.0%
The fund’s holdings, weight-ordered — page 1 of 15.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—MN MUNI GAS AGY-A 5 9/352.26%6,165,000$6M1
002—ST CLOUD-REF-REV 5 5/542.24%6,335,000$6M1
003—ROCHESTER PUB ISD# 4 2/382.08%5,955,000$6M1
004—WAYZATA ISD#284-B 5 2/392.07%5,395,000$6M1
005—ROCHESTER PUB ISD# 4 2/371.77%4,960,000$5M1
006—RESTRUCTURED-S 4.329 7/401.74%5,000,000$5M2
007—MINNESOTA ST-A 5 8/441.63%4,345,000$4M1
008—MN HGR EDU FACS A 4 10/461.59%5,100,000$4M1
009—MINNEAPOLIS 4 12/371.56%4,450,000$4M1
010—MINNEAPOLIS 4 12/381.54%4,450,000$4M1
011—MARTIN CO ISD #244 4 2/431.47%4,495,000$4M1
012—MINNEAPOLIS -REV 4 11/401.46%4,510,000$4M1
013—MINNESOTA ST MUNI 5 10/471.44%3,930,000$4M1
014—MINNESOTA ST-COPS 5 11/401.32%3,500,000$4M1
015—WAYZATA ISD#284-B 5 2/381.29%3,345,000$4M1

Showing 1–15 of 222 holdings

FTMN Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

FTMN$9,708
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. FTMN $9,708. SPY $11,430. Use the arrow keys to read each point.$9,119$10,381$11,642Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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.

Trailing total return for FTMN. Periods over one year show the average yearly return.
PeriodFTMN
Year to date−2.9%
1 month−3.1%
3 months−4.6%
1 yearHistory unavailable—
3 yearsHistory unavailable—per year
5 yearsHistory unavailable—per year
10 yearsHistory unavailable—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FTMN
YearReturn barFTMN
2026 YTD−2.9%
2025+0.6%

History from Nov 10, 2025

FTMN in the news

ETF.net Research hasn’t filed on FTMN yet — coverage lands here as it’s written.

FTMN Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 10 payments from 2025 to 2026 YTD. Dec 1, 2025 $0.01; Dec 19, 2025 $0.03; Feb 2, 2026 $0.02; Mar 2, 2026 $0.02; Apr 1, 2026 $0.03; May 1, 2026 $0.03; Jun 1, 2026 $0.02; Jul 1, 2026 $0.02; Aug 3, 2026 $0.03; Sep 1, 2026 $0.02. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 1, 2026Sep 4, 2026$0.02
Aug 3, 2026Aug 6, 2026$0.03
Jul 1, 2026Jul 7, 2026$0.02
Jun 1, 2026Jun 4, 2026$0.02
May 1, 2026May 6, 2026$0.03
Apr 1, 2026Apr 6, 2026$0.03
Mar 2, 2026Mar 5, 2026$0.02
Feb 2, 2026Feb 5, 2026$0.02
Dec 19, 2025Dec 24, 2025$0.03
Dec 1, 2025Dec 4, 2025$0.01

FTMN Risk

How much the fund’s monthly returns vary, scaled to a year.
—
No data available
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.

Return above 3-month US Treasury bills per unit of volatility.
—
No data available
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.

The largest fall from a peak to the low that followed.
—
No data available
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.

How strongly the fund’s returns move with its asset-class index.
0.19
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FTMN Cost

Expense ratio0.35%
  • The middle half of Other Municipal Bond funds
  • Median 0.30%

35 of the 62 Other Municipal Bond funds charge less.

FTMN costs $35.00 a year on $10,000. The median Other Municipal Bond fund costs $30.00.