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Franklin Municipal Income ETF FTMU
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | FTMU | Replication |
|---|---|---|
| Annualized growth | -0.0% | -0.3% |
| Annualized volatility | 6.1% | 5.0% |
| Sharpe ratio | 0.03 | -0.02 |
| Maximum drawdown | 15.5% | 12.5% |
| Replication fit (R²) | 0.94 · Tracking error 1.5% | |
Replication portfolio
The published portfolio below is the investable basket used to model FTMU’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 95.0% |
| VCLT | FI · Long Corp | 2.7% |
| SPTL | FI · Long Gov | 2.3% |