PMIOvsFTCAETF Comparison
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PGIM Municipal Income Opportunities ETF (PMIO) and Franklin California Municipal Income ETF (FTCA) belong to the same industry segment: Municipal Bonds. PMIO's top 2 sector exposures are Municipal and Non-Corporate. In contrast, FTCA's top sector exposures are Municipal. PMIO is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.35% for FTCA. PMIO is up 0.77% year-to-date (YTD) with +$28M in YTD flows. FTCA performs worse with -3.47% YTD performance, and +$161M in YTD flows. Run a side-by-side ETF comparison of PMIO and FTCA 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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PMIO vs FTCA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PMIO FTCA | +1.66%+3.41% | +0.01%-3.54% | +0.77%-3.47% | +1.11%-3.63% | n/an/a | n/an/a |
| Flows | PMIO FTCA | +$9M+$164M | +$14M+$180M | +$28M+$161M | +$35M+$139M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PMIO FTCA | +4.22%+6.58% | +2.70%+4.14% | n/an/a | n/an/a |
| Max drawdown | PMIO FTCA | -4.20%-7.32% | -4.97%-9.02% | n/an/a | n/an/a |
| Max drawdown duration | PMIO FTCA | 68d74d | 109d239d | n/an/a | n/an/a |
Trading data
PMIO | FTCA | |
Last sale 10/26/2026 at 1:30 PM | $50.02 | $7.02 |
| Previous close 10/26/2026 | $49.83 | $7.01 |
| Consolidated volume 10/26/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/26/2026 at 1:30 PM
Live
Closed
PMIO | FTCA | |
|---|---|---|
| Last price | $50.02 | $7.02 |
| 1D performance | +0.38% | +0.14% |
| AuM | $62.23 M | $726.35 M |
| E/R | 0.25% | 0.35% |
Characteristics
PMIO | FTCA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | PGIM | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 3856 | 62 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 28, 2024 | October 24, 2025 |
| ESG | No | No |
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Exposure
Countries
PMIO
USA
38.18%
Other
61.82%
FTCA
USA
36.47%
Other
63.53%
Sectors
PMIO
Municipal
36.79%
Other
63.21%
FTCA
Municipal
36.47%
Other
63.53%
Diversification
PMIO
Total weight of top 15 holdings out of 15
28.82%
FTCA
Total weight of top 15 holdings out of 15
19.13%
Top 15 holdings
Data as of August 31, 2026
PMIO
Black Belt Energy Gas District, 5.5% 1jun2049, USD (2023)
2.52%
US34074HJC79
2.31%
Illinois Toll Highway Authority, 5% 1jan2045, USD
2.28%
Kentucky Public Energy Authority, 5.25% 1apr2054, USD (2023)
2.09%
County of Utah, 5% 15may2043, USD (2020A)
2.05%
New York Liberty Development Corp., 2.45% 15sep2069, USD (2019)
1.99%
US63607WBN39
1.86%
US63607WBD56
1.84%
National Finance Authority, 6.5% 1dec2034, USD (2026)
1.81%
US74442PB613
1.76%
US63607DAB29
1.75%
US924190WL18
1.69%
US64985STJ23
1.68%
US92708HAQ74
1.64%
Kentucky Public Energy Authority, 5% 1may2036, USD (2025)
1.56%
FTCA
California Pollution Control Financing Authority, 5% 21nov2045, USD
1.79%
US30309HAA59
1.67%
Chabot-Las Positas Community College District, 5.25% 1aug2048, USD (2016)
1.33%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024E)
1.31%
San Francisco Public Utilities Commission, 5% 1nov2053, USD (2023)
1.30%
US79728FLL30
1.29%
MSR Energy Authority, 6.5% 1nov2039, USD (2009A)
1.28%
Los Angeles Department of Water and Power, 5% 1jul2046, USD (2022)
1.28%
California Municipal Finance Authority, 4.2% 1aug2040, USD (2024)
1.26%
California Municipal Finance Authority, 3% 15may2051, USD
1.21%
Sweetwater Union High District, 5% 1aug2052, USD (2018)
1.19%
US130493CL10
1.07%
California, 5% 1oct2045, USD
1.07%
US13048VG510
1.05%
Alameda Corridor Transportation Authority, 0% 1oct2049, USD (2022A, 9941D)
1.04%
Frequently asked questions about PMIO and FTCA
How have the PMIO and FTCA ETFs performed in 2026?
As of October 23, 2026, PMIO is up 0.77% year-to-date (YTD), while FTCA has lost -3.47%. That puts PMIO better performer ahead so far this year.
Which ETF is attracting more investor money: PMIO or FTCA?
Year-to-date, the PMIO ETF saw +$28M in flows, compared to +$161M for FTCA.
Which ETF is more volatile: PMIO or FTCA?
Over the past year, PMIO had a volatility of 2.7%, while FTCA experienced 4.14%.
Which ETF is bigger: PMIO or FTCA?
As of October 23, 2026, PMIO holds $62.23 M in assets under management (AUM), while FTCA manages $726.35 M.
What sectors do the PMIO and FTCA ETFs invest in?
PMIO leans toward sectors like Municipal. Meanwhile, FTCA focuses on Municipal.
What are the top holdings of the PMIO ETF and FTCA ETF?
PMIO top holdings include Black Belt Energy Gas District, 5.5% 1jun2049, USD (2023), US34074HJC79 and Illinois Toll Highway Authority, 5% 1jan2045, USD. FTCA holds in its top three: California Pollution Control Financing Authority, 5% 21nov2045, USD, US30309HAA59 and Chabot-Las Positas Community College District, 5.25% 1aug2048, USD (2016).
Which ETF is more diversified: PMIO or FTCA?
PMIO holds 6980 securities with 28.82% of its assets in the top 15. FTCA has 288 securities and a top 15 weight of 19.13%.
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