FLMIFranklin Dynamic Municipal Bond ETF
Seeks a high level of current income that is exempt from federal income taxes.
By Franklin Templeton Investments · Launched 2017
Annual Cost
0.30%
#1,392 of 5,854 · low cost
Fund Size
$2.3B
#696 of 5,854 · large
Dividend YieldGoal
3.85%
Track Record
8 years
#1,574 of 5,854 · established
Performance
Total-return NAV · USDGrowth of $10,000
$10,599+6.0%
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 = 14.3% of fund✓ well diversified
KENTUCKY INC KY PUB ENERGY AUTH
2.2%
KENTUCKY INC KY PUB ENERGY AUTH
1.7%
SOUTHEAST ENERGY AUTH COOP DIST ALA
1.7%
METROPOLITAN PIER & EXPOSITION AUTH ILL
1.6%
BLACK BELT ENERGY GAS DIST ALA
1.5%
CALIFORNIA CMNTY CHOICE FING AUTH
1.3%
TENNESSEE ENERGY ACQUISITION CORP
1.1%
ENERGY SOUTHEAST ALA COOP DIST
1.1%
WINCHESTER VA ECONOMIC DEV AUTH
1.1%
SOUTHEAST ENERGY AUTH COOP DIST ALA
1.0%
Asset allocation
Bonds
99.9%
Cash
0.1%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
3.0%Low
Year-on-year price swings
Max drawdown
-14.7%Mild
Worst peak-to-trough loss
Sharpe (3Y)
0.32Below average
Sortino (3Y)
0.43Moderate downside risk
Bond profile
Duration
4.8 years
Avg maturity
10.3 years
Credit ratings
AAA
1.8%
AA
17.1%
A
31.6%
BBB
19.1%
BB
7.3%
B
0.1%
Below B
0.0%
Other
22.9%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks a high level of current income that is exempt from federal income taxes.
- Strategy
- Invests primarily in municipal securities whose interest is free from federal income taxes, maintaining an average effective duration of two to eight years. The Fund may invest in various types of municipal securities, including those rated below investment grade, to achieve its income objective.
- Inception date
- August 31, 2017
- Fund family
- Franklin Templeton Investments
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Data updated on 2026-08-03