FLMI — Franklin Dynamic Municipal Bond ETF
Franklin Dynamic Municipal Bond ETF (ticker: FLMI) is a bond ETF issued by Franklin Templeton tracking ACTIVE - No Index. It was launched on 2017-08-31.
About FLMI
FLMI is an actively managed bond ETF that invests in municipal bonds. The fund seeks to provide income exempt from federal income tax by investing primarily in investment-grade municipal securities. It holds 1213 municipal bond issues.
This ETF may be considered by investors seeking exposure to intermediate-term municipal bonds within an actively managed framework. The fund's primary objective is to generate tax-exempt income.
- Targets the Fixed Income: U.S. - Government, Local Authority/Municipal Intermediate segment.
- Actively managed, investing in intermediate-term municipal bonds.
- Expense ratio of 0.30%.
- Total assets under management (AUM) are $2.07B.
- Holds 1213 bond issues.
Returns (Total Return)
| Period | Return |
|---|---|
| 1 Day | -0.04% |
| 1 Week | 0.24% |
| 1 Month | 0.52% |
| 3 Months | -0.64% |
| 6 Months | 0.64% |
| YTD | 0.64% |
| 1 Year | 5.54% |
| 3 Years | 16.16% |
| 5 Years | 8.50% |
| 10 Years | — |
| Since Inception | — |
Top Holdings
| # | Security | Symbol | Weight |
|---|---|---|---|
| 1 | US DOLLAR | N/A | 4.06% |
| 2 | US DOLLAR | N/A | 4.06% |
| 3 | US DOLLAR | N/A | 4.06% |
| 4 | CASH | N/A | 3.68% |
| 5 | CASH | N/A | 3.68% |
| 6 | CASH | N/A | 3.68% |
| 7 | CASH | N/A | 3.68% |
| 8 | CASH | N/A | 3.68% |
| 9 | CASH | N/A | 3.68% |
| 10 | CASH | N/A | 3.68% |
Fund Profile
| Issuer | Franklin Templeton |
|---|---|
| Brand | Franklin |
| Asset Class | bond |
| Strategy | Active |
| Structure | ETF |
| Category | National Munis |
| Segment | Fixed Income: U.S. - Government, Local Authority/Municipal Intermediate |
| Region | North America |
| Index Tracked | ACTIVE - No Index |
| Inception Date | 2017-08-31 |
| Tax on Distributions | Ordinary income |
Quick Facts
| Ticker | FLMI |
|---|---|
| Full Name | Franklin Dynamic Municipal Bond ETF |
| Issuer | Franklin Templeton |
| Asset Class | bond |
| Expense Ratio | 0.00% |
| AUM | $2.12B |
| Inception | 2017-08-31 |
| Index Tracked | ACTIVE - No Index |
Frequently Asked Questions
What does FLMI track?
FLMI (Franklin Dynamic Municipal Bond ETF) tracks ACTIVE - No Index, a bond benchmark.
What is the expense ratio of FLMI?
FLMI has an expense ratio of 0.00% per year.
What is the AUM of FLMI?
FLMI has approximately $2.12B in assets under management.
Does FLMI pay a dividend?
FLMI distributes income according to its prospectus (Ordinary income tax treatment). Check the dividend history tab for ex-dividend dates and yield.
Who issues FLMI?
FLMI is issued by Franklin Templeton under the Franklin brand, launched on 2017-08-31.
Open the interactive FLMI dashboard for charts, historical fund flows, holdings breakdown and seasonality patterns.