FLMBFranklin Municipal Green Bond ETF
Maximizes income exempt from federal income taxes while preserving shareholders' capital.
By Franklin Templeton Investments · Launched 2017
Annual Cost
0.30%
#1,396 of 5,861 · low cost
Fund Size
$78M
#3,225 of 5,861 · mid-size
Dividend YieldGoal
3.72%
Track Record
8 years
#1,573 of 5,861 · established
Performance
Total-return NAV · USDGrowth of $10,000
$10,621+6.2%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 34.5% of fund✓ well diversified
CALIFORNIA CMNTY CHOICE FING AUTH
4.3%
CALIFORNIA MUN FIN AUTH
4.0%
CALIFORNIA CMNTY CHOICE FING AUTH
3.9%
SAN DIEGO COUNTY REGIONAL AIRPORT AUTHORITY (CA)
3.8%
INTERMOUNTAIN POWER AGENCY (UT)
3.6%
ILLINOIS FIN AUTH
3.6%
CENTRAL VALLEY WATER RECLAMATION FACILITY (UT)
3.3%
ATLANTA (GA), CITY OF
2.9%
PORT PORTLAND ORE
2.7%
VERMONT EDL & HEALTH BLDGS FING AGY
2.3%
Asset allocation
Bonds
99.8%
Cash
0.2%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
3.6%Low
Year-on-year price swings
Max drawdown
-17.9%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
-0.06Below average
Sortino (3Y)
-0.08Moderate downside risk
Bond profile
Duration
4.6 years
Avg maturity
10.1 years
Credit ratings
AAA
5.9%
AA
41.1%
A
27.2%
BBB
11.9%
BB
1.9%
Other
12.0%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Maximizes income exempt from federal income taxes while preserving shareholders' capital.
- Strategy
- Invests primarily in municipal securities, focusing on green bonds that promote environmental sustainability. The Fund aims to provide income while managing risk through a diverse portfolio of tax-exempt municipal securities.
- Inception date
- August 31, 2017
- Fund family
- Franklin Templeton Investments
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Data updated on 2026-08-04