FTMN:NYSE ARCAFranklin Minnesota Municipal Income ETF Analysis
Data as of 2026-08-12 - not real-time
$8.75
Latest Price
2/10Risk
Risk Level: Low
Executive Summary
Franklin Minnesota Municipal Income ETF trades at $8.75, with its short-term moving averages sitting below the longer-term ones — a bearish trend structure. It has lost 1.9% over the past 30 days. With RSI at 46.2 the momentum picture is neutral, alongside a bullish MACD signal. Recent trading has carved out support near $8.66 and resistance around $8.87.
The 0.35% expense ratio is competitive for its category, and the fund manages $192.8M in assets.
Risk scores 2 out of 10, which is low for this asset class. With 30-day volatility of 4.1% and a beta of 0.10, the drawdown profile is forgiving relative to most of the market. Thin trading volumes mean execution costs can be material on larger orders. The wider market backdrop reads extreme greed at 95 on the fear-greed composite.
Near-term and long-term part ways here — sell short-term against hold longer out, with 3/10 conviction on the long call.
The 0.35% expense ratio is competitive for its category, and the fund manages $192.8M in assets.
Risk scores 2 out of 10, which is low for this asset class. With 30-day volatility of 4.1% and a beta of 0.10, the drawdown profile is forgiving relative to most of the market. Thin trading volumes mean execution costs can be material on larger orders. The wider market backdrop reads extreme greed at 95 on the fear-greed composite.
Near-term and long-term part ways here — sell short-term against hold longer out, with 3/10 conviction on the long call.
Market Outlook
Short Term
< 1 yearCautious
Model confidence: 5/10
Key Factors
- Short-term moving averages stacked below long-term ones
- Trading below the 200-day average of 8.84
- MACD momentum is positive
Medium Term
1–3 yearsCautious
Model confidence: 4/10
Key Factors
- Short-term moving averages stacked below long-term ones
- Trading below the 200-day average of 8.84
- MACD momentum is positive
Long Term
> 3 yearsNeutral
Model confidence: 3/10
Key Factors
- Thin trading liquidity raises execution risk
- Short-term moving averages stacked below long-term ones
- 30-day volatility of 4.1%
Key Metrics & Analysis
Fund Metrics
Expense Ratio0.35%
AUM$192.8M
Inception Date2018-05-22
Avg Daily Volume86,110
Premium/Discount0.00%
Tracking Error0.00%
Dividend Yield3.05%
Technical Analysis
TrendBearish
RSI46.2
Support$8.66
Resistance$8.87
MA 20$8.75
MA 50$8.82
MA 200$8.84
MACDBullish
VolumeIncreasing
Fear & Greed Index95.39
Risk Assessment
Beta0.10
Volatility4.13%
Sector RiskMedium
Currency RiskLow
Liquidity RiskHigh
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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.