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. 

Category
High Yield Muni
CategoryHigh Yield Muni
Number of holdings
1,276
Number of holdings1,276
Inception Date
Aug 31, 2017
Inception DateAug 31, 2017

What's in this fund

Sectors

As of June 1, 2026
Municipal Bonds99.18%
Cash and Equivalents0.47%
Corporate Bonds0.35%

Top 10 Holdings (14.16% of total assets)

As of June 1, 2026
NameSymbol% Assets
SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%1.92%
KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5%1.90%
KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5%1.65%
METROPOLITAN PIER & EXPOSITION AUTH ILL REV 4%1.44%
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%1.34%
BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%1.30%
SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%1.17%
BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5.5%1.17%
TENNESSEE ENERGY ACQUISITION CORP GAS REV 5%1.16%
TEXAS MUN GAS ACQUISITION & SUPPLY CORP V GAS SUPPLY REV 5%1.11%

FLMI Key Statistics

AUM
2.12B
AUM2.12B
Price-Earnings ratio
Price-Earnings ratio
30-Day yield
4.06
30-Day yield4.06
Average volume
821.49K
Average volume821.49K
High today
$25.05
High today$25.05
Low today
$25.00
Low today$25.00
Open price
$25.01
Open price$25.01
Volume
905.87K
Volume905.87K
52 Week high
$25.46
52 Week high$25.46
52 Week low
$23.94
52 Week low$23.94
Expense ratio
0.30
Expense ratio0.30

Stock Snapshot

As of today, Franklin Dynamic Municipal Bond ETF(FLMI) shares are valued at $25.02. The company's market cap stands at 2.12B.

As of 2026-06-03, Franklin Dynamic Municipal Bond ETF(FLMI) stock has fluctuated between $25.00 and $25.05. The current price stands at $25.02, placing the stock +0.1% above today's low and -0.1% off the high.

The Franklin Dynamic Municipal Bond ETF(FLMI)'s current trading volume is 905.87K, compared to an average daily volume of 821.49K.

In the last year, Franklin Dynamic Municipal Bond ETF(FLMI) shares hit a 52-week high of $25.46 and a 52-week low of $23.94.

In the last year, Franklin Dynamic Municipal Bond ETF(FLMI) shares hit a 52-week high of $25.46 and a 52-week low of $23.94.

Average Annual Return

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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. Options are risky and aren’t suitable for all investors. To learn more about risks, read the Options Disclosure Document.