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FLMI vs TAXF

Franklin Dynamic Municipal Bond ETF vs American Century Diversified Municipal Bond ETF

FLMI

Franklin Dynamic Municipal Bond ETF

Franklin Templeton Investments

Annual cost

0.30%

Fund size

$2.0B

TAXF

American Century Diversified Municipal Bond ETF

American Century Investments

Annual cost

0.27%

Fund size

$627M

Key differences

  • FLMI is significantly larger than TAXF — larger funds tend to be more liquid and less likely to close.
  • Over the last 3 years, FLMI has delivered higher annualized returns.

Side-by-side comparison

FLMITAXF
Annual cost (TER)0.30%0.27%
Fund size (AUM)$2.0B$627M
Since20172018
Dividend yield3.91%3.82%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyactive selectionactive selection
CAGR 1Y+7.0%+7.8%
CAGR 3Y+5.4%+4.2%
CAGR 5Y+2.0%+1.1%
Sharpe 3Y0.400.15
Volatility 1Y3.11%3.13%
Max drawdown-14.86%-13.94%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to FLMI and TAXF