Franklin Dynamic Municipal Bond ETF

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About FLMI

FLMI is an actively managed fund that invests in municipal bonds of any credit quality. The portfolio manager seeks dollar-weighted average maturity of three to ten years. 

Index-Tracked
Index-Tracked
Category
High Yield Muni
CategoryHigh Yield Muni
Number of holdings
1,105
Number of holdings1,105
Inception Date
Aug 31, 2017
Inception DateAug 31, 2017

What's in this fund

Sectors

As of December 22, 2025
Municipal Bonds98.69%
Cash and Equivalents0.75%
Corporate Bonds0.56%

Top 10 Holdings (12.09% of total assets)

As of December 22, 2025
NameSymbol% Assets
KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5%1.87%
ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5%1.38%
SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%1.36%
EL PASO CNTY TEX HOSP DIST 5.5%1.20%
KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5%1.17%
NEW YORK TRANSN DEV CORP SPL FAC REV 5%1.16%
MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%1.13%
SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5.25%1.03%
BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%0.90%
SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%0.89%

FLMI Key Statistics

AUM
1.30B
AUM1.30B
Price-Earnings ratio
Price-Earnings ratio
30-Day yield
3.98
30-Day yield3.98
Average volume
483.77K
Average volume483.77K
High today
$24.85
High today$24.85
Low today
$24.80
Low today$24.80
Open price
$24.83
Open price$24.83
Volume
324.89K
Volume324.89K
52 Week high
$25.04
52 Week high$25.04
52 Week low
$23.05
52 Week low$23.05
Expense ratio
0.30
Expense ratio0.30

Stock Snapshot

The current Franklin Dynamic Municipal Bond ETF(FLMI) stock price is $24.84, with a market capitalization of 1.3B.

During the trading session on 2025-12-24, Franklin Dynamic Municipal Bond ETF(FLMI) shares reached a daily high of $24.85 and a low of $24.80. At a current price of $24.84, the stock is +0.1% higher than the low and still -0.1% under the high.

Trading volume for Franklin Dynamic Municipal Bond ETF(FLMI) stock has reached 324.89K, versus its average volume of 483.77K.

Over the past 52 weeks, Franklin Dynamic Municipal Bond ETF(FLMI) stock has traded between a high of $25.04 and a low of $23.05.

Over the past 52 weeks, Franklin Dynamic Municipal Bond ETF(FLMI) stock has traded between a high of $25.04 and a low of $23.05.

Average Annual Return

All investments involve risks, including the loss of principal. Performance data represents past performance and is no guarantee of future results. Investment returns and principal value will fluctuate and are subject to market volatility. An investment, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance data quoted.