FTMN:NYSE ARCAFranklin Minnesota Municipal Income ETF Analysis
Data as of 2026-05-19 - not real-time
$8.76
Latest Price
3/10Risk
Risk Level: Low
Executive Summary
FTMN has delivered an extraordinary YTD return of 93.6% while maintaining a very low beta of 0.09 and 30‑day volatility under 4%, indicating that price swings have been modest despite the rally. The fund’s expense ratio of 0.35% and a dividend yield near 3% provide attractive income in a tax‑advantaged municipal space, and the absence of tracking error or discount/premium suggests tight index replication.
Technically, the 20‑day, 50‑day and 200‑day SMAs are virtually flat (8.84, 8.82, 8.85), the RSI sits at 33 indicating oversold conditions, and the MACD histogram is negative, signaling short‑term bearish momentum within a neutral overall trend.
Technically, the 20‑day, 50‑day and 200‑day SMAs are virtually flat (8.84, 8.82, 8.85), the RSI sits at 33 indicating oversold conditions, and the MACD histogram is negative, signaling short‑term bearish momentum within a neutral overall trend.
Market Outlook
Short Term
< 1 yearPositive
Model confidence: 7/10
Key Factors
- Oversold RSI (33) suggesting upside potential
- Strong YTD performance with limited price volatility
- Low beta and stable volume supporting a favorable entry point
Medium Term
1–3 yearsNeutral
Model confidence: 6/10
Key Factors
- High state concentration risk may limit upside beyond Minnesota fiscal cycles
- Neutral trend and bearish MACD indicating limited directional bias
- Consistent dividend yield (≈2.9%) providing income while waiting for broader market drivers
Long Term
> 3 yearsNeutral
Model confidence: 5/10
Key Factors
- Municipal bond fundamentals remain modest with 3‑year return only ~3%
- Low expense ratio and zero tracking error sustain cost efficiency
- Extreme greed sentiment (FGI 89.6) may reverse, adding caution for long‑run exposure
Key Metrics & Analysis
Fund Metrics
Expense Ratio0.35%
AUM$185.6M
Inception Date2018-05-22
Avg Daily Volume55,490
Premium/Discount0.00%
Tracking Error0.00%
Dividend Yield2.94%
Technical Analysis
TrendNeutral
RSI33.2
Support$8.73
Resistance$8.93
MA 20$8.84
MA 50$8.82
MA 200$8.85
MACDBearish
VolumeStable
Fear & Greed Index89.61
Risk Assessment
Beta0.09
Volatility3.75%
Currency RiskLow
Liquidity RiskMedium
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This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.