Franklin Pennsylvania Municipal Income ETF

Frequently Asked Questions About FTPA

What does FTPA invest in?

This ETF strives to generate significant current income that is exempt from both federal and Pennsylvania state personal income taxes, all while maintaining a focus on safeguarding the principal investment.

What is the expense ratio of FTPA?

Franklin Pennsylvania Municipal Income ETF (FTPA) charges an expense ratio of 0.36%. This is the annual fee deducted from fund assets to cover management and operations.

What is FTPA's dividend yield?

FTPA's trailing-twelve-month yield is 3.28%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of FTPA?

Effective duration measures FTPA's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FTPA's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of FTPA?

FTPA's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of FTPA?

Yield to maturity (YTM) is the total return you'd earn from FTPA if every bond in the portfolio is held to maturity at the current price. FTPA's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.