FTMAvsFECMETF Comparison
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Franklin Massachusetts Municipal Income ETF (FTMA) and First Eagle Core Municipal ETF (FECM) belong to the same industry segment: Municipal Bonds. FTMA's top 1 sector exposures are Municipal. In contrast, FECM's top sector exposures are Municipal and Non-Corporate. FTMA is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.25% for FECM. Run a side-by-side ETF comparison of FTMA and FECM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FTMA vs FECM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTMA FECM | -0.73%-0.35% | -4.57%-2.94% | -3.70%n/a | n/an/a | n/an/a | n/an/a |
| Flows | FTMA FECM | -$13M+$593K | -$6M+$593K | +$48M- | -- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTMA FECM | +5.55%+4.97% | n/an/a | n/an/a | n/an/a |
| Max drawdown | FTMA FECM | -6.59%-5.42% | n/an/a | n/an/a | n/an/a |
| Max drawdown duration | FTMA FECM | 92d92d | n/an/a | n/an/a | n/an/a |
Trading data
FTMA | FECM | |
Last sale 10/16/2026 at 1:30 PM | $8.63 | $24.00 |
| Previous close 10/15/2026 | $8.61 | $24.02 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
FTMA | FECM | |
|---|---|---|
| Last price | $8.63 | $24.00 |
| 1D performance | +0.23% | -0.08% |
| AuM | $276.09 M | $15.60 M |
| E/R | 0.35% | 0.25% |
Characteristics
FTMA | FECM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | First Eagle Investments |
| Benchmark | - | - |
| N° of holdings | 45 | 42 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 10, 2025 | July 1, 2026 |
| ESG | No | No |
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Exposure
Countries
FTMA
USA
31.27%
Other
68.73%
FECM
USA
30.74%
Other
69.26%
Sectors
FTMA
Municipal
31.27%
Other
68.73%
FECM
Municipal
30.11%
Other
69.89%
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Diversification
FTMA
Total weight of top 15 holdings out of 15
23.94%
FECM
Total weight of top 15 holdings out of 15
26.14%
Top 15 holdings
Data as of August 31, 2026
FTMA
US57604TMC70
2.16%
Massachusetts Development Finance Agency, 5.75% 1jan2042, USD
2.08%
US57582TDX72
1.90%
US5755793L99
1.88%
Massachusetts, 5% 1jan2054, USD (2024)
1.88%
US575579B979
1.66%
Massachusetts Development Finance Agency, 4% 1oct2045, USD
1.58%
Massachusetts Development Finance Agency, 5.5% 15aug2050, USD (2025A)
1.53%
Massachusetts, 5% 1jun2050, USD (2022)
1.47%
US57586N6R72
1.45%
US661802WH79
1.39%
US111746KV47
1.26%
Massachusetts Bay Transportation Authority, 5% 1jul2052, USD
1.26%
US57585BEY02
1.24%
US57584Y5N53
1.19%
FECM
US932423XQ48
2.41%
New York Dormitory Authority, 5% 15feb2037, USD (2016A)
2.00%
US20775DX645
1.97%
US45204F3W38
1.93%
New Jersey Transportation Trust Fund Authority, 5% 15jun2045, USD
1.93%
US196502AT55
1.83%
US270083R919
1.76%
US490229AR23
1.67%
US34073XKE75
1.67%
San Jose (CA), 5% 1mar2047, USD (2017A)
1.64%
US483270HS69
1.51%
New York Dormitory Authority, 3.25% 1jul2034, USD
1.49%
US71883MPY48
1.46%
Illinois Toll Highway Authority, 5% 1jan2041, USD
1.45%
US45204ESZ24
1.42%
Frequently asked questions about FTMA and FECM
Which ETF is bigger: FTMA or FECM?
As of October 16, 2026, FTMA holds $276.09 M in assets under management (AUM), while FECM manages $15.60 M.
What sectors do the FTMA and FECM ETFs invest in?
FTMA leans toward sectors like Municipal. Meanwhile, FECM focuses on Municipal.
What are the top holdings of the FTMA ETF and FECM ETF?
FTMA top holdings include US57604TMC70, Massachusetts Development Finance Agency, 5.75% 1jan2042, USD and US57582TDX72. FECM holds in its top three: US932423XQ48, New York Dormitory Authority, 5% 15feb2037, USD (2016A) and US20775DX645.
Which ETF is more diversified: FTMA or FECM?
FTMA holds 182 securities with 23.94% of its assets in the top 15. FECM has 130 securities and a top 15 weight of 26.14%.
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