AUM $269.0MER 0.36%NAV $8.32Holdings 221Inception Oct 1989
Price Chart
Key Statistics
Previous Close
$8.32Day Range
$8.32$8.39
52-Week Range
$8.12$8.99
Avg Volume
614.4KDividend Yield
—Expense Ratio
0.36%AUM
$269.0MShares Outstanding
32.4METF Grades
?ETF Grades compare this fund against others in the same category using percentile rankings across six factors. Grades range from A+ (top 5%) to F (bottom 20%). Updated daily.Sector Breakdown
| Sector | Weight % |
|---|---|
| Municipal | 98.63% |
| Cash & Others | 1.37% |
Country Allocation
| Country | Weight % |
|---|---|
| Other | 100.00% |
Fund Information
- Issuer
- Franklin Templeton
- Category
- Municipal
- Inception Date
- Oct 23, 1989
- Exchange
- NYSE_ARCA
- Description
- FTMN aims for a high level of current income exempt from federal income tax and Minnesota personal income tax believed to be consistent with capital preservation. The fund invests mainly in investment grade municipal bonds with intermediate- to long-term maturities (three years or longer). Investments may include general obligation bonds, revenue obligation bonds, and tender option bonds. The fund targets at least 80% tax-exempt investments issued by the US government and its agencies. Interest income from private activity bonds may be subject to federal AMT for individuals. The fund may invest up to 25% in junk bonds but limits this exposure by avoiding bonds rated lower than BB. FTMN considers various factors, such as credit, interest rate, and prepayment risks, as well as general market conditions. Prior to Nov. 10, 2025, the fund was called Putnam Minnesota Tax Exempt Income Fund before converting to an actively managed ETF structure, starting with $165.01 million.
Similar ETFs
The Putnam ETF Trust - Franklin Minnesota Municipal Income ETF (FTMN) is an exchange-traded fund issued by Franklin Templeton that launched on Oct 23, 1989. It currently manages $269.0M in assets under management. The fund charges an expense ratio of 0.36%. The fund holds 221 securities in its portfolio. It falls under the Municipal category.
Top 10 holdings represent 18.1% of the fund
| Rank | Symbol | Name | Weight % | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | — | MN MUNI GAS AGY-A 5 9/35 | 2.65% | 7,165,000 | $7.2M |
| 2 | — | ST CLOUD-REF-REV 5 5/54 | 2.18% | 6,335,000 | $5.9M |
| 3 | — | WAYZATA ISD#284-B 5 2/39 | 2.10% | 5,395,000 | $5.7M |
| 4 | — | ROCHESTER PUB ISD# 4 2/37 | 1.78% | 4,960,000 | $4.8M |
| 5 | — | RESTRUCTURED-S 4.329 7/40 | 1.75% | 5,000,000 | $4.7M |
| 6 | — | MINNEAPOLIS 4 12/37 | 1.58% | 4,450,000 | $4.3M |
| 7 | — | MN HGR EDU FACS A 4 10/46 | 1.58% | 5,100,000 | $4.3M |
| 8 | — | MINNEAPOLIS 4 12/38 | 1.57% | 4,450,000 | $4.2M |
| 9 | — | MINNEAPOLIS -REV 4 11/40 | 1.48% | 4,510,000 | $4.0M |
| 10 | — | MARTIN CO ISD #244 4 2/43 | 1.48% | 4,495,000 | $4.0M |
| 11 | — | MINNESOTA ST-COPS 5 11/40 | 1.34% | 3,500,000 | $3.6M |
| 12 | — | WAYZATA ISD#284-B 5 2/38 | 1.31% | 3,345,000 | $3.5M |
| 13 | — | PRIOR LAKE ISD #71 0 2/27 | 1.30% | 3,545,000 | $3.5M |
| 14 | — | ROCHESTER-SER D FRN 11/64 | 1.27% | 3,435,000 | $3.4M |
| 15 | — | WSTRN MN MUNI PWR- 5 1/49 | 1.26% | 3,500,000 | $3.4M |
Page 1 of 5
Detailed Returns
| Period | Return | ETF |
|---|---|---|
| 1D | +0.12% | |
| 1W | +1.22% | |
| 1M | -0.83% | |
| 3M | -4.36% | |
| 6M | -6.40% | |
| YTD | -5.72% | |
| 1Y | -5.66% | |
| 3Y | -5.66% | |
| 5Y | -5.66% |
Moving Averages
20-Day MA
$8.23
Above 20-Day MA50-Day MA
$8.43
Below 50-Day MA200-Day MA
$8.74
Below 200-Day MAPrice with Moving Averages
Support & Resistance
52-Week High
$8.99
Current Price
$8.34
52-Week Low
$8.12
$8.12$8.99
Current Yield
—
Annual Dividend
$0.1033
Frequency
12x/year
Last Ex-Date
Aug 3, 2026
Dividend History
| Ex-Date | Amount | Pay Date |
|---|---|---|
| Aug 3, 2026 | $0.0286 | Aug 6, 2026 |
| Jul 1, 2026 | $0.0247 | Jul 7, 2026 |
| Jun 1, 2026 | $0.0233 | Jun 4, 2026 |
| May 1, 2026 | $0.0266 | May 6, 2026 |
| Apr 1, 2026 | $0.0252 | Apr 6, 2026 |
| Mar 2, 2026 | $0.0221 | Mar 5, 2026 |
| Feb 2, 2026 | $0.0212 | Feb 5, 2026 |
| Dec 19, 2025 | $0.0293 | Dec 24, 2025 |
| Dec 1, 2025 | $0.0147 | Dec 4, 2025 |
Dividend Payments Over Time
Category Comparison
| Metric | FTMN | Municipal(14 ETFs) |
|---|---|---|
| Fund Info | ||
| Expense Ratio | 0.36% | 0.28% |
| AUM | $269.0M | $4.14B |
| Dividend Yield | — | 3.49% |
| Avg Volume | 614.4K | 2.8M |
| Holdings | 221 | 231 |
| Performance | ||
| 1-Month Return | -0.83% | -0.48% |
| 6-Month Return | -4.42% | -3.21% |
| YTD Return | -5.77% | -4.31% |
| 1-Year Return | -6.20% | -4.76% |
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