Franklin Dynamic Municipal Bond ETF (FLMI)
- Expense ratio0.31%
- Net assets$2.31B
- Dividend yield4.23%
- 1-year return-1.38%
- Holdings10
FLMI ETF price chart
FLMI quote & trading statistics
FLMI performance
Total return · as of October 17, 2026- YTD-2.08%
- 1 year-1.38%
- 3 years+5.44%/yr
- 5 years+1.29%/yr
- 10 years0.00%/yr
- 1Y volatility
- 6.43%
- 3Y volatility
- 5.62%
- 3Y Sharpe ratio
- 0.03
Returns include reinvested distributions; 3-, 5- and 10-year figures are annualized.
FLMI top 10 holdings
| # | Symbol | Name | Weight |
|---|---|---|---|
| 1 | CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV 0.375% | 2.66% | |
| 2 | LA JOYA TEX INDPT SCH DIST 5% | 2.04% | |
| 3 | LOWER COLO RIV AUTH TEX REV 5% | 1.71% | |
| 4 | TEXAS MUN GAS ACQUISITION & SUPPLY CORP III GAS SUPPLY REV 5% | 1.67% | |
| 5 | LOUISVILLE & JEFFERSON CNTY KY MET SWR DIST SWR & DRAIN SYS REV 4% | 1.63% | |
| 6 | MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% | 1.59% | |
| 7 | NEW JERSEY ST 4% | 1.58% | |
| 8 | ILLINOIS ST SALES TAX REV 4% | 1.58% | |
| 9 | TENNESSEE ENERGY ACQUISITION CORP COMMODITY PROJ REV 5% | 1.56% | |
| 10 | FLORIDA DEV FIN CORP HEALTHCARE FACS REV 5% | 1.46% |
The top 10 holdings make up 17.5% of the fund (10 holdings in total). As of October 17, 2026.
About Franklin Dynamic Municipal Bond ETF
Under normal market conditions, the fund invests at least 80% of its net assets in municipal securities whose interest is free from federal income taxes, including the federal alternative minimum tax. Although the fund tries to invest all of its assets in tax-free securities, it is possible that up to 20% of the fund's net assets may be in securities that pay interest that may be subject to the federal alternative minimum tax and, although not anticipated, in securities that pay interest subject to other federal or state income taxes.
FLMI ETF FAQ
What is the FLMI expense ratio?
Franklin Dynamic Municipal Bond ETF has a net expense ratio of 0.31%, or $31.00 a year for every $10,000 invested.
How much money is in FLMI?
Franklin Dynamic Municipal Bond ETF has about $2.31B in net assets.
What are the top holdings of FLMI?
The largest positions in FLMI are CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV 0.375% (2.66%), LA JOYA TEX INDPT SCH DIST 5% (2.04%), LOWER COLO RIV AUTH TEX REV 5% (1.71%). The fund holds 10 securities in total.
How has FLMI performed?
FLMI returned -1.38% over the past year and +1.29% a year over the past five years, including reinvested distributions.
Does FLMI pay dividends?
FLMI has a dividend yield of 4.23%.
When was FLMI launched?
Franklin Dynamic Municipal Bond ETF began trading on August 31, 2017.