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About Franklin Dynamic Municipal Bond ETF
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Inception date
Aug 31, 2017
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Franklin Advisers, Inc.
Distributor
Franklin Distributors LLC
ISIN
US35473P8683
FLMI seeks a high level of current income that is free from federal taxes by targeting the intermediate-term municipal bond market. The portfolio will hold securities of any credit quality, including junk bonds and defaulted securities. Although the fund does not have restrictions on the maturity of the securities it may buy, the fund seeks to maintain a dollar-weighted average portfolio maturity of three to ten years. The fund is also actively managed, meaning it will select components based on the fund advisers judgement, within the funds range of allowable investments. Prior to Jan. 31, 2022, the fund was called Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal98.97%
Corporate0.78%
Cash0.25%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FLMI invests in bonds. The fund's major sectors are Municipal, with 98.97% stocks, and Corporate, with 0.78% of the basket. The assets are mostly located in the N/A region.
FLMI last dividends amounted to 0.08 USD. The month before, the issuer paid 0.09 USD in dividends, which shows a 16.95% decrease.
FLMI assets under management is 950.09 M USD. It's risen 12.27% over the last month.
FLMI fund flows account for 642.27 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FLMI pays dividends to its holders with the dividend yield of 4.00%. The last dividend (Sep 5, 2025) amounted to 0.08 USD. The dividends are paid monthly.
FLMI shares are issued by Franklin Resources, Inc. under the brand Franklin. The ETF was launched on Aug 31, 2017, and its management style is Active.
FLMI expense ratio is 0.30% meaning you'd have to pay 0.30% of your investment to help manage the fund.
FLMI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FLMI invests in bonds.
FLMI price has risen by 2.82% over the last month, and its yearly performance shows a −0.44% decrease. See more dynamics on FLMI price chart.
NAV returns, another gauge of an ETF dynamics, showed a 3.51% increase in three-month performance and has increased by 3.53% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 3.51% increase in three-month performance and has increased by 3.53% in a year.
FLMI trades at a premium (0.36%) meaning the ETF is trading at a higher price than the calculated NAV.