About this ETF
The fund's core objective is to generate a substantial stream of income, which is exempt from federal taxation. This aim is pursued with a strong emphasis on safeguarding the initial investment.
Description from the fund data provider · profile as of Oct 10, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -1.22% | -1.92% | -1.92% | -2.01% | — | — | — | — | -2.21% |
| Total return | -1.22% | -1.62% | -0.71% | +0.10% | — | — | — | — | +0.52% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 09, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.22% | Annual cost of a $10,000 investment | $22.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Oct 10, 2026 · portfolio reporting date from the data provider; holdings are not live positions. 278 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | PUTNAM GOVT MMKT FND-P | PGLXX | 3.74% | 8.15M | $8.1M |
| 2 | Net Current Assets | — | 2.14% | 0 | $4.7M |
| 3 | MATCHING FUND SPL 5 10/30 | — | 1.32% | 2.81M | $2.9M |
| 4 | S E ENERGY AUTH- FRN 3/55 | — | 1.24% | 2.73M | $2.7M |
| 5 | JEFFERSON SALES T 5 12/28 | — | 1.14% | 2.42M | $2.5M |
| 6 | SELKIRK FIRE DT-BA 4 8/27 | — | 1.04% | 2.27M | $2.3M |
| 7 | OWEN CO-VAR-REF- FRN 6/40 | — | 1.03% | 2.25M | $2.2M |
| 8 | IL FIN AUTH -REM FRN 5/40 | — | 1.03% | 2.25M | $2.2M |
| 9 | MAIN STREET NATU FRN 7/52 | — | 1.01% | 2.20M | $2.2M |
| 10 | CA ST UNIV-B2 FRN 11/49 | — | 1.01% | 2.20M | $2.2M |
| 11 | CENTRL PUGET-S-1- 5 11/29 | — | 0.96% | 2.00M | $2.1M |
| 12 | AUSTIN -ELEC UTL 5 11/27 | — | 0.96% | 2.05M | $2.1M |
| 13 | ORO GRANDE ESD-COP 4 9/28 | — | 0.95% | 2.10M | $2.1M |
| 14 | NEW YORK B-1-REF 5 8/28 | — | 0.94% | 2.00M | $2.1M |
| 15 | TX TRANSPRTN-B1 FRN 10/44 | — | 0.93% | 2.00M | $2.0M |
| 16 | LOS ANGELES-TRANS 5 6/27 | — | 0.93% | 2.00M | $2.0M |
| 17 | PHILADELPHIA SD-B 5 6/27 | — | 0.93% | 2.00M | $2.0M |
| 18 | CLEVELAND MUNI SD 5 12/29 | — | 0.93% | 1.93M | $2.0M |
| 19 | FRANKFORT SCHUYLER 4 7/27 | — | 0.92% | 2.00M | $2.0M |
| 20 | ROCKLAND CSD-B-BAN 4 6/27 | — | 0.92% | 2.00M | $2.0M |
| 21 | MAIN STREET-B-2 FRN 9/34 | — | 0.92% | 2.00M | $2.0M |
| 22 | ENERGY SOUTHEAST FRN 4/34 | — | 0.92% | 2.00M | $2.0M |
| 23 | NEWARK-BANS 4.25 5/27 | — | 0.92% | 2.00M | $2.0M |
| 24 | KENTUCKY PUB ENGY 5 12/33 | — | 0.91% | 2.00M | $2.0M |
| 25 | MAIN STREET NAT FRN 8/52 | — | 0.91% | 2.00M | $2.0M |
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Distributions
| Yield (TTM) | 3.12% | Paid (last 12 months) | $0.3040 |
| Frequency | Monthly | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Oct 01, 2026 | Last payment | $0.0255 (Oct 06, 2026) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Oct 01, 2026 | Oct 01, 2026 | Oct 06, 2026 | $0.0255 |
| Sep 01, 2026 | Sep 01, 2026 | Sep 04, 2026 | $0.0273 |
| Aug 03, 2026 | Aug 03, 2026 | Aug 06, 2026 | $0.0283 |
| Jul 01, 2026 | Jul 01, 2026 | Jul 07, 2026 | $0.0260 |
| Jun 01, 2026 | Jun 01, 2026 | Jun 04, 2026 | $0.0290 |
| May 01, 2026 | May 01, 2026 | May 06, 2026 | $0.0270 |
| Apr 01, 2026 | Apr 01, 2026 | Apr 06, 2026 | $0.0270 |
| Mar 02, 2026 | Mar 02, 2026 | Mar 05, 2026 | $0.0260 |
| Feb 02, 2026 | Feb 02, 2026 | Feb 05, 2026 | $0.0310 |
| Dec 19, 2025 | Dec 19, 2025 | Dec 24, 2025 | $0.0290 |
| Dec 01, 2025 | Dec 01, 2025 | Dec 04, 2025 | $0.0280 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 2.16% / — | Sharpe 1Y / 3Y | -1.61 / — |
| Max drawdown 1Y / 3Y | -2.32% / — | Sortino 1Y | -2.17 |
| Beta vs S&P 500 (3Y) | 0.07 | Correlation vs S&P 500 (1Y) | 0.046 |
| Downside deviation 1Y | 1.60% | Risk-free rate used | 4.05% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 11, 2026. Formulas →
Liquidity
| Volume today | 225.79K | Average volume | 174.31K |
| AUM | $212.1M | Premium/Discount | +0.31% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | $2.0M | +0.93% | $210.1M → $212.1M |
| 1 Month | $15.0M | +7.54% | $198.9M → $212.1M |
| 1 Week | $2.9M | +1.40% | $208.9M → $212.1M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for FTMS
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.
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