Fund Evaluator:
Franklin Dynamic Municipal Bond ETF (FLMI)
Follow This Fund
Fixed Income
Global Asset Class
Municipal Bond
Fund Group
High Yield Muni
Category
$25.670
NAV (as of Oct 07)
$0.00
Minimum Initial
0.30% A
Expense Ratio
$2,398 Mil
Assets
Open
Status
na
12b-1 Fee
4.00%
TTM Yield
0.00%
Max Load
34%
Portfolio Turnover
Best Performing in High Yield Muni Over the Last Year
| 7.5% | T. Rowe Price High Yield Muncpl Bd (PRFHX) |
| 7.1% | Invesco Rochester® Municipal Opps Y (ORNYX) |
| 7.1% | Thrivent High Yield Municipal Bond S (THMBX) |
| 6.9% | Invesco High Yield Municipal Y (ACTDX) |
| 6.8% | City National Rochdale Muni Hi Inc N (CNRNX) |
Data as of 8/31/2026
-0.2% C
1-Mo Return
-1.2% F
3-Mo Return
0.8% F
YTD Return
5.4% D
1-Yr Return
5.4% C
3-Yr Return
1.6% A
5-Yr Return
0.82 A
Category Risk Index
0.43
Total Risk Index
Fund Details
Fund Family
Franklin Templeton Investments
Inception Date
8/31/2017
Share Class Type
Equity Investment Style
na
Bond Investment Style
na
Socially Responsible Fund
No
Index Fund
No
Benchmark Index
Bloomberg Municipal TR USD: 100%
Additional Fund Details
Franklin Dynamic Municipal Bond ETF Overview
FLMI Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FLMI Return (NAV) | -0.2% | -1.2% | 5.4% | 5.4% | 1.6% | na |
| FLMI Grade | C | F | D | C | A | na |
| +/- Category | 0.1% | -0.4% | -0.5% | 0.9% | 1.4% | na |
| High Yield Muni Avg | -0.2% | -0.9% | 5.9% | 4.5% | 0.3% | 2.4% |
| FLMI Tax Cost Ratio | na | na | 0.0% | 0.0% | 0.0% | na |
FLMI Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FLMI Return (NAV) | 0.8% | 5.9% | 5.1% | 7.7% | -10.2% | 4.0% | 6.3% | 6.8% | 0.4% | na | na |
| FLMI Grade | F | A | D | B | A | F | A | F | F | na | na |
| +/- Category | -0.5% | 3.4% | -0.1% | 0.9% | 2.9% | -1.5% | 2.4% | -2.4% | -1.6% | na | na |
| High Yield Muni Avg | 1.3% | 2.5% | 5.2% | 6.8% | -13.1% | 5.5% | 3.8% | 9.2% | 2.0% | 8.0% | 1.5% |
| Risk Measures | |
| Standard Deviation: | 5.2% |
| Total Risk Index: | 0.43 - Low |
| Category Risk Index: | 0.82 - Below Average |
| Category Risk Grade: | B (27% Rank) |
| Beta: | 0.90 |
| R-Squared: | 96% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 4.0% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $2398 Mil |
| Fund Total Assets: | $2,399 Mil |
| Share Class Type: | |
| Portfolio Turnover: | 34% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 9.0 years | |||
| Average Tenure: 6.2 years | |||
| Managers (Year): Workman Daniel (2017), Conn James (2017), Barber Ben (2020), Rivera Francisco (2020), Hamilton Garrett (2025) | |||
Portfolio Composition (as of 8/31/26)
| # of Holdings: | 1423 |
| % in Top 10 Holdings: | 15.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.6% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 99.4% |
| Foreign Bond: | 0.6% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Fund Family: | Franklin Templeton Investments |
| Phone Number: | 800-342-5236 |
| Website: | etf.franklintempleton.com |
| Status: | Open |
| Inception Date: | August 31, 2017 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.30% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 0.97% |
| Share Class: | Franklin Dynamic Municipal Bond ETF |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
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