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.

What's in this fund

Sectors

As of July 22, 2026

Municipal Bonds99.61%

Corporate Bonds0.33%

Cash & Equivalents0.06%

Top 10 Holdings (14.37% of total assets)

As of July 22, 2026

NameSymbol% Assets

SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%—1.74%

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5%—1.70%

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5%—1.57%

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5.5%—1.52%

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%—1.50%

TENNESSEE ENERGY ACQUISITION CORP GAS REV 5%—1.39%

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%—1.34%

SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%—1.32%

METROPOLITAN PIER & EXPOSITION AUTH ILL REV 4%—1.30%

TEXAS MUN GAS ACQUISITION & SUPPLY CORP V GAS SUPPLY REV 5%—0.99%

FLMI Key Statistics

AUM

2.28B

AUM2.28B

Price-Earnings ratio

—

Price-Earnings ratio—

30-Day yield

3.97

30-Day yield3.97

Average volume

554.22K

Average volume554.22K

High today

$24.67

High today$24.67

Low today

$24.60

Low today$24.60

Open price

$24.61

Open price$24.61

Volume

389.77K

Volume389.77K

52 Week high

$25.46

52 Week high$25.46

52 Week low

$23.96

52 Week low$23.96

Expense ratio

0.30

Expense ratio0.30

View Prospectus and Reports

Stock Snapshot

With a market cap of 2.28B, Franklin Dynamic Municipal Bond ETF(FLMI) trades at $24.64.

On 2026-07-24, Franklin Dynamic Municipal Bond ETF(FLMI) stock traded between a low of $24.60 and a high of $24.67. Shares are currently priced at $24.64, which is +0.2% above the low and -0.1% below the high.

Franklin Dynamic Municipal Bond ETF(FLMI) shares are trading with a volume of 389.77K, against a daily average of 554.22K.

During the past year, Franklin Dynamic Municipal Bond ETF(FLMI) stock moved between $23.96 at its lowest and $25.46 at its peak.

Average Annual Return

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