MUNAvsFTMNETF Comparison
ETF 1
MUNA
Northern Trust 2030 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
+0.15%
VS
Northern Trust 2030 Tax-Exempt Distributing Ladder ETF (MUNA) and Franklin Minnesota Municipal Income ETF (FTMN) 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. MUNA is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.35% for FTMN. MUNA is up 0.94% year-to-date (YTD) with +$2M in YTD flows. FTMN performs worse with -3.94% YTD performance, and +$114M in YTD flows. Run a side-by-side ETF comparison of MUNA and FTMN 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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MUNA vs FTMN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUNA FTMN | -0.40%-3.32% | -0.13%-4.55% | +0.94%-3.94% | +0.90%n/a | n/an/a | n/an/a |
| Flows | MUNA FTMN | -+$89M | +$3K+$89M | +$2M+$114M | +$3M- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNA FTMN | +0.87%+4.12% | +0.89%n/a | n/an/a | n/an/a |
| Max drawdown | MUNA FTMN | -0.53%-5.46% | -0.85%n/a | n/an/a | n/an/a |
| Max drawdown duration | MUNA FTMN | 17d73d | 97dn/a | n/an/a | n/an/a |
Trading data
MUNA | FTMN | |
Last sale 9/14/2026 at 1:30 PM | $99.57 | $8.46 |
| Previous close 09/11/2026 | $99.57 | $8.44 |
| Consolidated volume 09/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/14/2026 at 1:30 PM
Live
Closed
MUNA | FTMN | |
|---|---|---|
| Last price | $99.57 | $8.46 |
| 1D performance | +0.00% | +0.24% |
| AuM | $7.96 M | $275.48 M |
| E/R | 0.18% | 0.35% |
Characteristics
MUNA | FTMN | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | FlexShares | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 32 | 24 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 19, 2025 | November 10, 2025 |
| ESG | No | No |
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Exposure
Countries
MUNA
USA
13.64%
Other
86.36%
FTMN
USA
15.9%
Other
84.1%
Sectors
MUNA
Municipal
13.64%
Other
86.36%
FTMN
Municipal
15.9%
Other
84.1%
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Diversification
MUNA
Total weight of top 15 holdings out of 15
18.39%
FTMN
Total weight of top 15 holdings out of 15
26.6%
Top 15 holdings
Data as of July 31, 2026
MUNA
US213651MR06
2.07%
US64327TKP20
2.01%
US407287MS70
1.49%
US749845M592
1.26%
State of Ohio, 5% 1oct2027, USD (2019B)
1.14%
US564395TS05
1.14%
US662523P864
1.14%
US228485LT39
1.10%
US812643UL69
1.08%
Maryland, 5% 1aug2028, USD
1.05%
US735422NS20
1.01%
US425507HH68
1.00%
US577625T632
0.98%
US92937NDC56
0.97%
South Carolina Transportation Infrasructure Bank, 5% 1oct2026, USD (2021B)
0.95%
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%
Frequently asked questions about MUNA and FTMN
How have the MUNA and FTMN ETFs performed in 2026?
As of September 11, 2026, MUNA is up 0.94% year-to-date (YTD), while FTMN has lost -3.94%. That puts MUNA better performer ahead so far this year.
Which ETF is attracting more investor money: MUNA or FTMN?
Year-to-date, the MUNA ETF saw +$2M in flows, compared to +$114M for FTMN.
Which ETF is bigger: MUNA or FTMN?
As of September 11, 2026, MUNA holds $7.96 M in assets under management (AUM), while FTMN manages $275.48 M.
What sectors do the MUNA and FTMN ETFs invest in?
MUNA leans toward sectors like Municipal. Meanwhile, FTMN focuses on Municipal.
What are the top holdings of the MUNA ETF and FTMN ETF?
MUNA top holdings include US213651MR06, US64327TKP20 and US407287MS70. FTMN holds in its top three: Minnesota Municipal Gas Energy, 5% 1sep2035, USD (2026A), US60416JDA51 and Minneapolis, 4% 15nov2040, USD.
Which ETF is more diversified: MUNA or FTMN?
MUNA holds 227 securities with 18.39% of its assets in the top 15. FTMN has 191 securities and a top 15 weight of 26.6%.
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Latest news about MUNA & FTMN
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUNA
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