---
ticker: "FTPA"
name: "Franklin Pennsylvania Municipal Income ETF"
url: "https://etf.net/etf/FTPA"
grade: "C"
score: 54
graded_at: "2026-10-12"
category: "Other Municipal Bond"
category_rank: "39 of 63"
methodology: "https://etf.net/methodology"
---

# FTPA: Franklin Pennsylvania Municipal Income ETF

Grade **C**, Score 54 of 100. Rank 39 of 63 in Other Municipal Bond.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 41 | 33 of 63 |
| Mission | 91 | 28 of 59 |
| Risk | 46 | 35 of 63 |
| Tradability | 47 | 35 of 63 |
| Holdings | 30 | 58 of 63 |
| Durability | 54 | 35 of 63 |

## Top holdings

The fund holds 125 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | PGLXX | Putnam Govt Mmkt Fnd-P | 15.68% |
| 2 | — | Philadelphia Gas W 5 8/47 | 1.96% |
| 3 | — | Pa Econ Dev Fing A 5 2/39 | 1.86% |
| 4 | — | Delaware Co-A 5.5 8/50 | 1.63% |
| 5 | — | Philidelphia Aut Frn 7/54 | 1.62% |
| 6 | — | Allegheny Co’s 5.25 12/58 | 1.61% |
| 7 | — | S Estrn Pa Tran 5.25 6/52 | 1.41% |
| 8 | — | Pa Tpk Ser C Cabs 0 12/38 | 1.34% |
| 9 | — | Allegheny Hosp Dev 4 4/44 | 1.33% |
| 10 | — | Pa Tpk Commiss 5.25 12/55 | 1.25% |
| 11 | — | Blair Co 5.25 10/51 | 1.19% |
| 12 | — | Cumberland Vly Sd 5 11/44 | 1.18% |
| 13 | — | Lehigh Co Auth- 5.25 2/54 | 1.18% |
| 14 | — | North Penn Sch Dt 5 3/51 | 1.18% |
| 15 | — | Pa Eco Dev Fin 5.25 12/51 | 1.17% |
| 16 | — | Bethlehem Redev 5.5 10/54 | 1.12% |
| 17 | — | Interboro Sd 5.5 8/63 | 1.01% |
| 18 | — | Abington Heights S 5 9/48 | 1.01% |
| 19 | — | Lackawanna Cnty P 4 11/40 | 1.00% |
| 20 | — | Pa Econ Procto 5.375 3/31 | 0.99% |
| 21 | — | Philadelphia Redev 5 9/43 | 0.99% |
| 22 | — | Fairview Sd 5 9/46 | 0.94% |
| 23 | — | Lancaster Pa Indl 4 12/49 | 0.94% |
| 24 | — | Philadelphia Ida-R 5 6/50 | 0.93% |
| 25 | — | Guam Govt Business 4 1/42 | 0.91% |
| 26 | — | Pa Turnpike Co 5.25 12/53 | 0.87% |
| 27 | — | Pennsylvania Cmwlt 4 9/43 | 0.87% |
| 28 | — | Central Dauphin Sd 5 2/46 | 0.87% |
| 29 | — | Union Co Hgr-A 5 10/34 | 0.86% |
| 30 | — | Wilkes-Barre Pa Fi 4 3/42 | 0.86% |

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