---
ticker: "FTMU"
name: "Franklin Municipal Income ETF"
url: "https://etf.net/etf/FTMU"
grade: "B"
score: 61
graded_at: "2026-10-12"
category: "Other Municipal Bond"
category_rank: "24 of 63"
methodology: "https://etf.net/methodology"
---

# FTMU: Franklin Municipal Income ETF

Grade **B**, Score 61 of 100. Rank 24 of 63 in Other Municipal Bond.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 52 | 29 of 63 |
| Mission | 84 | 39 of 59 |
| Risk | 46 | 35 of 63 |
| Tradability | 54 | 30 of 63 |
| Holdings | 67 | 24 of 63 |
| Durability | 63 | 26 of 63 |

## Top holdings

The fund holds 275 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | PGLXX | Putnam Govt Mmkt Fnd-P | 4.45% |
| 2 | — | Ny St Urban Dev-A 5 3/44 | 2.14% |
| 3 | — | Met Wa Arpts-Cabs 0 10/37 | 1.34% |
| 4 | — | Triborough Brid 5.25 5/57 | 1.19% |
| 5 | — | Port Houston Tx A 5 10/48 | 1.19% |
| 6 | — | Federal Home Lo 2.55 6/35 | 1.16% |
| 7 | — | Charlotte Hosp-R Frn 1/38 | 1.08% |
| 8 | — | Dt of Columbia 5 1/45 | 1.07% |
| 9 | — | Black Belt Energy 5 10/35 | 1.07% |
| 10 | — | Sc Jobs-Econ De 5.5 11/54 | 1.06% |
| 11 | — | Wi Hlth & Edu Fac 4 4/36 | 1.03% |
| 12 | — | New York St Twy -C 5 3/54 | 1.02% |
| 13 | — | Pa Turnpike C Multi 12/44 | 1.02% |
| 14 | — | Ky Pub Energy Auth 5 6/34 | 1.02% |
| 15 | — | Dekalb Cnty Ga Hsg 4 3/34 | 1.01% |
| 16 | — | Nh Hlth &EDU Facs 5 10/37 | 0.93% |
| 17 | — | Kentucky Pub Engy 5 12/33 | 0.89% |
| 18 | — | Tobacco Settlement 5 6/36 | 0.87% |
| 19 | — | Energy Southeast-A 5 4/34 | 0.85% |
| 20 | — | Chicago -A-Amt 5.5 1/55 | 0.80% |
| 21 | — | New York City 3.35 11/65 | 0.78% |
| 22 | — | E-470 Pub Hwy-Cab- 0 9/34 | 0.78% |
| 23 | — | Port Auth of New Y 5 9/29 | 0.77% |
| 24 | — | Indianapolis Lo 5.25 2/54 | 0.76% |
| 25 | — | Grays Harbor 6.875 12/49 | 0.75% |
| 26 | — | Ny Transprtn Dev C 6 6/54 | 0.75% |
| 27 | — | Chicago Il-A-Ref 4 1/36 | 0.75% |
| 28 | — | Tx Muni Gas Acq V 5 4/36 | 0.75% |
| 29 | — | Jefferson Co-Re 5.5 10/53 | 0.73% |
| 30 | — | Main St Nat Gas Frn 12/53 | 0.72% |

Source: etf.net, https://etf.net/etf/FTMU. Please cite the page URL.