FLMIFranklin Dynamic Municipal Bond ETF

Get income8y track recordRanked #203 of 1,622 in this goal

Seeks a high level of current income exempt from federal income taxes.

By Franklin Templeton Investments · Launched 2017

Annual Cost

0.30%

#1,472 of 5,562 · low cost

Fund Size

$2.1B

#731 of 5,562 · large

Dividend YieldGoal

3.87%

Track Record

8 years

#1,602 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,788+7.9%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 12.8% of fund✓ well diversified

KENTUCKY ST PUBLIC ENERGY AUTH

1.9%

KENTUCKY ST PUBLIC ENERGY AUTH

1.5%

ENERGY S E AL A COOPERATIVE DI

1.4%

SOUTHEAST ENERGY AUTHORITY A C

1.4%

BLACK BELT ENERGY GAS DIST AL

1.3%

EL PASO CNTY TX HOSP DIST

1.2%

NEW YORK ST TRANSPRTN DEV CORP

1.2%

MAIN STREET NATURAL GAS INC GA

1.1%

SOUTHEAST ENERGY AUTHORITY A C

1.1%

SOUTHEAST ENERGY AUTHORITY A C

0.9%

Asset allocation

Bonds

99.6%

Cash

0.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

2.9%Low

Year-on-year price swings

Max drawdown

-14.9%Mild

Worst peak-to-trough loss

Sharpe (3Y)

0.52Decent risk-adjusted returns

Sortino (3Y)

0.72Moderate downside risk

Bond profile

Duration

4.8 years

Avg maturity

10.2 years

Credit ratings

AAA

1.4%

16.4%

32.1%

BBB

19.8%

6.9%

0.1%

Below B

0.0%

Other

23.3%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks a high level of current income exempt from federal income taxes.
Strategy: Invests primarily in municipal securities exempt from federal taxes, maintaining an average effective duration of 2-8 years. May include various types of municipal securities, including below investment grade and insured bonds.
Inception date: August 31, 2017
Fund family: Franklin Templeton Investments