PMIOvsFTMUETF Comparison
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PGIM Municipal Income Opportunities ETF (PMIO) and Franklin Municipal Income ETF (FTMU) belong to the same industry segment: Municipal Bonds. PMIO's top 2 sector exposures are Municipal and Non-Corporate. In contrast, FTMU's top sector exposures are Municipal. PMIO is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.3% for FTMU. PMIO is up 0.53% year-to-date (YTD) with +$25M in YTD flows. FTMU performs worse with -3.36% YTD performance, and +$35M in YTD flows. Run a side-by-side ETF comparison of PMIO and FTMU 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 FTMU performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/22/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PMIO FTMU | +0.97%+0.83% | -0.78%-3.09% | +0.53%-3.36% | +0.91%-3.55% | n/an/a | n/an/a |
| Flows | PMIO FTMU | +$6M+$41M | +$11M+$38M | +$25M+$35M | +$33M+$509M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PMIO FTMU | +4.33%+6.46% | +2.69%+4.17% | n/an/a | n/an/a |
| Max drawdown | PMIO FTMU | -4.20%-7.07% | -4.97%-9.03% | n/an/a | n/an/a |
| Max drawdown duration | PMIO FTMU | 67d87d | 108d236d | n/an/a | n/an/a |
Trading data
PMIO | FTMU | |
Last sale 10/23/2026 at 1:30 PM | $49.83 | $7.52 |
| Previous close 10/22/2026 | $49.88 | $7.48 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
PMIO | FTMU | |
|---|---|---|
| Last price | $49.83 | $7.52 |
| 1D performance | -0.09% | +0.53% |
| AuM | $59.59 M | $488.86 M |
| E/R | 0.25% | 0.3% |
Characteristics
PMIO | FTMU | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | PGIM | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 3856 | 80 |
| 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%
FTMU
USA
39.82%
Other
60.18%
Sectors
PMIO
Municipal
36.79%
Other
63.21%
FTMU
Municipal
39.82%
Other
60.18%
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Diversification
PMIO
Total weight of top 15 holdings out of 15
28.82%
FTMU
Total weight of top 15 holdings out of 15
19.19%
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%
FTMU
New York Urban Development Corp., 5% 15mar2044, USD (2023A)
2.35%
US969878AB36
1.49%
Metropolitan Washington Airports Authority, 0% 1oct2037, USD (2010A, 9989D)
1.41%
Port of Houston Authority, 5% 1oct2048, USD (2023)
1.32%
Triborough Bridge and Tunnel Authority, 5.25% 15may2057, USD (2022A)
1.29%
US31350ACS50
1.25%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
1.17%
South Carolina Jobs-Economic Development Authority, 5.5% 1nov2054, USD (2024A)
1.16%
US25476FA408
1.15%
New York Thruway Authority, 5% 15mar2054, USD (2022C)
1.15%
US97712D8M13
1.12%
US709224DV89
1.12%
US240471PF32
1.11%
California Community Choice Financing Authority, 5% 1mar2036, USD (2026B)
1.10%
US6446147E39
1.01%
Frequently asked questions about PMIO and FTMU
How have the PMIO and FTMU ETFs performed in 2026?
As of October 22, 2026, PMIO is up 0.53% year-to-date (YTD), while FTMU has lost -3.36%. That puts PMIO better performer ahead so far this year.
Which ETF is attracting more investor money: PMIO or FTMU?
Year-to-date, the PMIO ETF saw +$25M in flows, compared to +$35M for FTMU.
Which ETF is more volatile: PMIO or FTMU?
Over the past year, PMIO had a volatility of 2.69%, while FTMU experienced 4.17%.
Which ETF is bigger: PMIO or FTMU?
As of October 22, 2026, PMIO holds $59.59 M in assets under management (AUM), while FTMU manages $488.86 M.
What sectors do the PMIO and FTMU ETFs invest in?
PMIO leans toward sectors like Municipal. Meanwhile, FTMU focuses on Municipal.
What are the top holdings of the PMIO ETF and FTMU ETF?
PMIO top holdings include Black Belt Energy Gas District, 5.5% 1jun2049, USD (2023), US34074HJC79 and Illinois Toll Highway Authority, 5% 1jan2045, USD. FTMU holds in its top three: New York Urban Development Corp., 5% 15mar2044, USD (2023A), US969878AB36 and Metropolitan Washington Airports Authority, 0% 1oct2037, USD (2010A, 9989D).
Which ETF is more diversified: PMIO or FTMU?
PMIO holds 6980 securities with 28.82% of its assets in the top 15. FTMU has 260 securities and a top 15 weight of 19.19%.
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