FTMNvsMUNBETF Comparison
VS
ETF 2
MUNB
Northern Trust 2035 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
-0.42%
Franklin Minnesota Municipal Income ETF (FTMN) and Northern Trust 2035 Tax-Exempt Distributing Ladder ETF (MUNB) 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 MUNB. FTMN is down -2.5% year-to-date (YTD) with +$118M in YTD flows. MUNB performs better with -0.14% YTD performance, and +$9M in YTD flows. Run a side-by-side ETF comparison of FTMN and MUNB 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 MUNB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTMN MUNB | -1.18%-0.02% | -3.02%-0.58% | -2.50%-0.14% | n/a+1.70% | n/an/a | n/an/a |
| Flows | FTMN MUNB | +$95M- | +$93M- | +$118M+$9M | -+$9M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTMN MUNB | +3.52%+1.61% | n/a+1.76% | n/an/a | n/an/a |
| Max drawdown | FTMN MUNB | -3.86%-1.29% | n/a-2.40% | n/an/a | n/an/a |
| Max drawdown duration | FTMN MUNB | 63d57d | n/a187d | n/an/a | n/an/a |
Trading data
FTMN | MUNB | |
Last sale 9/2/2026 at 1:30 PM | $8.57 | $99.47 |
| Previous close 09/01/2026 | $8.57 | $99.49 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
FTMN | MUNB | |
|---|---|---|
| Last price | $8.57 | $99.47 |
| 1D performance | +0.00% | -0.02% |
| AuM | $283.45 M | $13.92 M |
| E/R | 0.35% | 0.18% |
Characteristics
FTMN | MUNB | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | FlexShares |
| Benchmark | - | - |
| N° of holdings | 24 | 31 |
| 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
15.9%
Other
84.1%
MUNB
USA
15.62%
Other
84.38%
Sectors
FTMN
Municipal
15.9%
Other
84.1%
MUNB
Municipal
15.62%
Other
84.38%
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Diversification
FTMN
Total weight of top 15 holdings out of 15
26.6%
MUNB
Total weight of top 15 holdings out of 15
16.64%
Top 15 holdings
Data as of July 31, 2026
FTMN
Minnesota Municipal Gas Energy, 5% 1sep2035, USD (2026A)
2.72%
US60416JDA51
2.47%
Minneapolis, 4% 15nov2040, USD
2.23%
US604140XU23
1.97%
US603767PE84
1.86%
US958697KL75
1.85%
US0363034T98
1.71%
US604140XV06
1.69%
US425507LC26
1.66%
US425533CN48
1.64%
US819190VY24
1.54%
US60416JHN37
1.49%
Minnesota Agricultural and Economic Development Board, 5.25% 1jan2054, USD (2024)
1.33%
US852297DB34
1.22%
Minneapolis, 5% 15nov2034, USD
1.20%
MUNB
District of Columbia, 5% 1dec2026, USD
1.52%
US153476GN09
1.45%
US93972ADP84
1.20%
District of Columbia, 5% 1jun2029, USD (2023B)
1.18%
US517845LF85
1.14%
US365591YX88
1.12%
US749845H220
1.12%
US64711PNE69
1.10%
District of Columbia, 5% 1jan2029, USD (2023A)
1.10%
US495098D288
1.06%
US639905EW41
1.02%
US963099QK58
0.97%
Dallas and Fort Worth International Airport, 5% 1nov2028, USD (2023B)
0.94%
US451446AU27
0.88%
US749845M675
0.86%
Frequently asked questions about FTMN and MUNB
How have the FTMN and MUNB ETFs performed in 2026?
As of September 1, 2026, FTMN is down -2.5% year-to-date (YTD), while MUNB has lost -0.14%. That puts MUNB better performer ahead so far this year.
Which ETF is attracting more investor money: FTMN or MUNB?
Year-to-date, the FTMN ETF saw +$118M in flows, compared to +$9M for MUNB.
Which ETF is bigger: FTMN or MUNB?
As of September 1, 2026, FTMN holds $283.45 M in assets under management (AUM), while MUNB manages $13.92 M.
What sectors do the FTMN and MUNB ETFs invest in?
FTMN leans toward sectors like Municipal. Meanwhile, MUNB focuses on Municipal.
What are the top holdings of the FTMN ETF and MUNB ETF?
FTMN top holdings include Minnesota Municipal Gas Energy, 5% 1sep2035, USD (2026A), US60416JDA51 and Minneapolis, 4% 15nov2040, USD. MUNB holds in its top three: District of Columbia, 5% 1dec2026, USD, US153476GN09 and US93972ADP84.
Which ETF is more diversified: FTMN or MUNB?
FTMN holds 191 securities with 26.6% of its assets in the top 15. MUNB has 252 securities and a top 15 weight of 16.64%.
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Latest news about FTMN & MUNB
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUNB
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