Franklin Pennsylvania Municipal Income ETF (FTPA)

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Franklin Pennsylvania Municipal Income ETF (FTPA) is up 1.7% since the beginning of the year. FTPA is currently trading at $9 per share.

Based on dividend-adjusted daily data since Nov 10, 2025, FTPA's average daily return is +0.01%, while the average monthly return is +0.18%. At this rate, an investment would double in approximately 32.1 years.

Historically, 70% of months were positive and 30% were negative. The best month was Feb 2026 with a return of +1.7%, while the worst month was Mar 2026 at -2.2%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 1 months.

On a daily basis, FTPA closed higher 58% of trading days. The best single day was Aug 4, 2026 with a return of +0.7%, while the worst single day was Mar 20, 2026 at -1.4%.

Franklin Pennsylvania Municipal Income ETF has an annualized alpha of 0.43%, beta of 0.10, and R2 of 0.12 versus S&P 500 Index. Calculated based on daily prices since November 10, 2025.

• This ETF participated in 19.64% of S&P 500 Index downside but only 11.62% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.10 may look defensive, but with R2 of 0.12 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.12 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FTPA has an expense ratio of 0.35%, placing it in the medium range.

Franklin Pennsylvania Municipal Income ETF provided a 2.78% dividend yield over the last twelve months, with an annual payout of $0.24 per share.

The table displays the monthly dividend distributions for Franklin Pennsylvania Municipal Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Franklin Pennsylvania Municipal Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Franklin Pennsylvania Municipal Income ETF was 2.96%, occurring on Mar 24, 2026. Recovery took 48 trading sessions.

The current Franklin Pennsylvania Municipal Income ETF drawdown is 1.61%.

The chart below shows the rolling one-month volatility.