Price Chart
Key Statistics
Previous Close
$8.42Day Range
52-Week Range
Avg Volume
964.3KDividend Yield
—Expense Ratio
0.35%AUM
$274.9MShares Outstanding
22.2MSector Breakdown
| Sector | Weight % |
|---|---|
| Cash & Others | 100.00% |
Country Allocation
| Country | Weight % |
|---|---|
| Other | 100.00% |
Fund Information
- Issuer
- Franklin Templeton
- Category
- Cash & Others
- 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 $274.9M in assets under management. The fund charges an expense ratio of 0.35%. The fund holds 194 securities in its portfolio. It falls under the Cash & Others category.
Top 10 holdings represent 18.5% of the fund
| Rank | Symbol | Name | Weight % | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | — | MN MUNI GAS AGY-A 5 9/35 | 2.25% | 6,165,000 | $6.2M |
| 2 | — | ST CLOUD-REF-REV 5 5/54 | 2.22% | 6,335,000 | $6.1M |
| 3 | — | ROCHESTER PUB ISD# 4 2/38 | 2.10% | 5,955,000 | $5.8M |
| 4 | — | WAYZATA ISD#284-B 5 2/39 | 2.06% | 5,395,000 | $5.7M |
| 5 | — | ROCHESTER PUB ISD# 4 2/37 | 1.77% | 4,960,000 | $4.9M |
| 6 | — | RESTRUCTURED-S 4.329 7/40 | 1.73% | 5,000,000 | $4.8M |
| 7 | — | MINNESOTA ST-A 5 8/44 | 1.63% | 4,345,000 | $4.5M |
| 8 | — | MN HGR EDU FACS A 4 10/46 | 1.60% | 5,100,000 | $4.4M |
| 9 | — | MINNEAPOLIS 4 12/37 | 1.58% | 4,450,000 | $4.3M |
| 10 | — | MINNEAPOLIS 4 12/38 | 1.56% | 4,450,000 | $4.3M |
| 11 | — | MARTIN CO ISD #244 4 2/43 | 1.49% | 4,495,000 | $4.1M |
| 12 | — | MINNEAPOLIS -REV 4 11/40 | 1.47% | 4,510,000 | $4.0M |
| 13 | — | MINNESOTA ST MUNI 5 10/47 | 1.43% | 3,930,000 | $3.9M |
| 14 | — | MINNESOTA ST-COPS 5 11/40 | 1.32% | 3,500,000 | $3.6M |
| 15 | — | WAYZATA ISD#284-B 5 2/38 | 1.29% | 3,345,000 | $3.5M |
Detailed Returns
| Period | Return | ETF |
|---|---|---|
| 1D | +0.36% | |
| 1W | -1.34% | |
| 1M | -3.65% | |
| 3M | -4.63% | |
| 6M | -4.63% | |
| YTD | -4.47% | |
| 1Y | -4.42% | |
| 3Y | -4.42% | |
| 5Y | -4.42% |
Moving Averages
$8.62
Below 20-Day MA$8.72
Below 50-Day MA$8.82
Below 200-Day MAPrice with Moving Averages
Support & Resistance
52-Week High
$8.99
Current Price
$8.45
52-Week Low
$8.42
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 | Cash & Others(1021 ETFs) |
|---|---|---|
| Fund Info | ||
| Expense Ratio | 0.35% | 0.62% |
| AUM | $274.9M | $2.85B |
| Dividend Yield | — | 9.41% |
| Avg Volume | 964.3K | 950.2K |
| Holdings | 194 | 388 |
| Performance | ||
| 1-Month Return | — | +1.95% |
| 6-Month Return | — | +4.51% |
| YTD Return | — | +2.97% |
| 1-Year Return | — | +0.85% |
Compare with Another ETF
Search for an ETF to compare with FTMN:
The Beginner's Guide to ETFs
20 pages. Zero fluff. Everything you need to start investing in ETFs.
No spam. Unsubscribe anytime.