See what your fund actually adds

Franklin Short-Term Municipal Income ETF FTMS

Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.

Fund and replication metrics

FTMS compared with its replication portfolio
MeasureFTMSReplication
Annualized growth2.0%2.1%
Annualized volatility1.8%2.2%
Sharpe ratio1.100.98
Maximum drawdown3.9%6.2%
Replication fit (R²)0.69 · Tracking error 1.0%

Replication portfolio

The published portfolio below is the investable basket used to model FTMS’s historical return behavior.

FTMS replication basket weights
TickerBuilding blockWeight
VGSHFI · Short Gov51.6%
MUBFI · Municipal26.1%
BKLNFI · Senior Bank Loans18.7%
STIPFI · Short TIPS3.6%