ETF Education Report: Franklin Ohio Municipal Income ETF (FTOH)

What this ETF is trying to do

The Franklin Ohio Municipal Income ETF (FTOH) is an exchange-traded fund listed on the NYSE. While the specific investment strategy is not detailed in the provided data, municipal income ETFs generally focus on providing income through investments related to local government entities.

What the numbers show

As of October 5, 2026, the current price of one share is $7.88.

When looking at how the fund has performed so far this year (Year-to-Date), it is important to look at two different numbers:

• YTD Price Return: This measures only the change in the share price. For FTOH, the price return is approximately -6.03%.

• YTD Total Return: This measures the overall return, which includes both price changes and distributions. The YTD total return is approximately -3.23%.

Because the total return (-3.23%) is higher than the price return (-6.03%), it shows that the distributions helped offset some of the share-price decline.

Income and distribution explanation

This ETF provides cash distributions to investors. The distribution yield is approximately 3.70%. This number describes the cash paid out relative to the current ETF price.

The fund usually pays out money monthly, having made 11 distributions over the last 12 months. The trailing distributions (the total cash paid out recently) were $0.291 per share. It is important to remember that a distribution yield tells you how much cash was paid, but it is not the same thing as your total return.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value, which is the actual value of the assets held by the fund. While a falling share price can sometimes be related to NAV erosion, they are not the same thing.

For this ETF, there is no "severe erosion-risk flag" active. However, the data notes that the erosion score is withheld because there is not enough verified price history available to provide a specific score.

Pros

• The fund provides regular cash distributions, which usually occur on a monthly basis.

• The total return is currently higher than the price return, meaning distributions are helping to cushion the impact of the falling share price.

Cons

• The fund has experienced a negative year-to-date price return of approximately -6.03%.

• The income rating grade is a "D," with an income rating score of 57.

• There is no data provided regarding the fund's top holdings or specific portfolio exposure.

Beginner takeaway

When looking at an ETF like FTOH, it is helpful to distinguish between the share price and the total return. A falling share price can be discouraging, but distributions (the cash paid to you) can help improve your total return. However, high yields alone do not guarantee that the value of your investment will stay stable.