FTMNvsMUNAETF Comparison
VS
ETF 2
MUNA
Northern Trust 2030 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
+0.67%
Franklin Minnesota Municipal Income ETF (FTMN) and Northern Trust 2030 Tax-Exempt Distributing Ladder ETF (MUNA) have similar underlying exposures to countries and sectors. They also belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. FTMN is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.18% for MUNA. FTMN is down -5.34% year-to-date (YTD) with +$111M in YTD flows. MUNA performs better with 0.91% YTD performance, and +$2M in YTD flows. Run a side-by-side ETF comparison of FTMN and MUNA 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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FTMN vs MUNA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTMN MUNA | -1.05%+0.01% | -5.85%-0.35% | -5.34%+0.91% | n/a+1.44% | n/an/a | n/an/a |
| Flows | FTMN MUNA | -$3M- | +$85M-$1M | +$111M+$2M | -+$3M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTMN MUNA | +6.54%+1.57% | n/a+1.07% | n/an/a | n/an/a |
| Max drawdown | FTMN MUNA | -8.44%-1.61% | n/a-1.61% | n/an/a | n/an/a |
| Max drawdown duration | FTMN MUNA | 92d51d | n/a51d | n/an/a | n/an/a |
Trading data
FTMN | MUNA | |
Last sale 10/16/2026 at 1:30 PM | $8.32 | $99.34 |
| Previous close 10/15/2026 | $8.33 | $99.55 |
| 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
FTMN | MUNA | |
|---|---|---|
| Last price | $8.32 | $99.34 |
| 1D performance | -0.12% | -0.21% |
| AuM | $268.97 M | $7.94 M |
| E/R | 0.35% | 0.18% |
Characteristics
FTMN | MUNA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | FlexShares |
| Benchmark | - | - |
| N° of holdings | 27 | 36 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 10, 2025 | August 19, 2025 |
| ESG | No | No |
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Exposure
Countries
FTMN
USA
16.65%
Other
83.35%
MUNA
USA
15.3%
Other
84.7%
Sectors
FTMN
Municipal
16.65%
Other
83.35%
MUNA
Municipal
15.3%
Other
84.7%
Diversification
FTMN
Total weight of top 15 holdings out of 15
26.36%
MUNA
Total weight of top 15 holdings out of 15
17.98%
Top 15 holdings
Data as of August 31, 2026
FTMN
Minnesota Municipal Gas Energy, 5% 1sep2035, USD (2026A)
2.35%
St. Cloud, 5% 1may2054, USD (2024)
2.33%
US771614UR33
2.16%
US946813ZB17
2.10%
US771614UQ59
1.81%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
1.79%
US60416JDA51
1.69%
US60412AN585
1.66%
US60375BLR59
1.63%
US60375BLS33
1.62%
US573259CR76
1.57%
Minneapolis, 4% 15nov2040, USD
1.54%
US60412PFX33
1.45%
US604140XU23
1.36%
US946813ZA34
1.31%
MUNA
US213651MR06
2.32%
US749845M592
1.42%
State of Ohio, 5% 1oct2027, USD (2019B)
1.28%
US564395TS05
1.27%
US228485LT39
1.24%
US812643UL69
1.21%
US735422NS20
1.13%
US577625T632
1.10%
US92937NDC56
1.08%
South Carolina Transportation Infrasructure Bank, 5% 1oct2026, USD (2021B)
1.06%
US602248LG95
1.00%
US217813BB94
0.99%
State of Washington, 5% 1jun2028, USD (2021F)
0.98%
US163103VP65
0.96%
US641480JN95
0.94%
Frequently asked questions about FTMN and MUNA
How have the FTMN and MUNA ETFs performed in 2026?
As of October 15, 2026, FTMN is down -5.34% year-to-date (YTD), while MUNA has returned 0.91%. That puts MUNA better performer ahead so far this year.
Which ETF is attracting more investor money: FTMN or MUNA?
Year-to-date, the FTMN ETF saw +$111M in flows, compared to +$2M for MUNA.
Which ETF is bigger: FTMN or MUNA?
As of October 15, 2026, FTMN holds $268.97 M in assets under management (AUM), while MUNA manages $7.94 M.
What sectors do the FTMN and MUNA ETFs invest in?
FTMN leans toward sectors like Municipal. Meanwhile, MUNA focuses on Municipal.
What are the top holdings of the FTMN ETF and MUNA ETF?
FTMN top holdings include Minnesota Municipal Gas Energy, 5% 1sep2035, USD (2026A), St. Cloud, 5% 1may2054, USD (2024) and US771614UR33. MUNA holds in its top three: US213651MR06, US749845M592 and State of Ohio, 5% 1oct2027, USD (2019B).
Which ETF is more diversified: FTMN or MUNA?
FTMN holds 216 securities with 26.36% of its assets in the top 15. MUNA has 228 securities and a top 15 weight of 17.98%.
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Latest news about FTMN & MUNA
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUNA
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