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FLMI ETF · Franklin Dynamic Municipal Bond ETF
The FLMI Exchange Traded Fund (ETF) is provided by Franklin Templeton. This fund is actively managed; it does not track an index. This share class generates a stream of income by distributing dividends.
Last update 5/1/2026, 1:30 PM UTC
LIVE
CLOSED
This fund is part ofMunicipal Bonds1M perf.+0.93%
Last price
$24.90
1M perf.
+0.55%
1M flows
+€87M
AuM
€1.68B
E/R
0.3%
Rating
Not rated
ESG Consensus®
FLMI
$24.90
Performance & flows
Segment for quartile rank
February 2, 2026 → May 1, 2026
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FLMI
$24.91
-0.42%
Municipal Bonds
+0.05%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +0.55%  | -0.42%  | +5.57% | +14.78%  | +3.84%  | -0.37% | +0.46% | +0.65% | |
| Flows |
Key fund info
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This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
5/1/2026
$24.88
1D NAV change
-0.37%
Dividend policy
No. of holdings
1206
Inception date
8/31/2017
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
The fund seeks to provide investors with a high level
of current income that is exempt from federal income
taxes by investing at least 80% of its net assets in
municipal securities whose interest is free from federal
income taxes, including the federal alternative
minimum tax.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | -0.42% | +5.57% | +14.78% | +3.84% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Exposure
Countries
USA
99.89%
Unavailable
0.11%
Sectors
Municipal
11.83%
Unavailable
87.73%
Other
0.43%
Diversification
Total weight of top 15 holdings out of 1206
Top 15 holdings
Data as of March 31, 2026
US74440DGL29
US74440DFQ25
US84136HAU77
US592250EW01
US09182TGM36
US13013JHM18
US880443JM96
US292723CU50
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US973122AV61
US84136HDM25
US56035DKH43
US84136HBC60
US283590JX67
New York Transportation Development Corp., 5% 1oct2040, USD (2020)
US60637AFM99
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Sustainability
Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Issuer
Franklin Templeton
Franklin Templeton ID Card
Number of funds
149
Total AuM
€49.12B
Expense ratio range
0.03% - 0.99%
Average expense ratio
0.2765%
Top 5 funds by Franklin Templeton
| AuM | ||
|---|---|---|
LVHI | Franklin International Low Volatility High Dividend Index ETF | €4.11B |
FLXK | Franklin FTSE Korea UCITS ETF | €3.42B |
FLJP | Franklin FTSE Japan ETF | €3B |
FLCB | Franklin U.S. Core Bond ETF | €2.46B |
FLIN | Franklin FTSE India ETF | €2.16B |
Frequently asked questions about FLMI
What does Franklin Dynamic Municipal Bond ETF, FLMI, invest in?
FLMI is a Active ETF. This ETF provides exposure to US Mixed Ratings Municipal Bonds.
What is the Total Expense ratio (TER) of FLMI?
FLMI carries a total expense ratio (TER) of 0.3%, indicating the annual cost for holding the fund.
When was FLMI launched?
FLMI was introduced to the market on August 31, 2017. It trades on United States
Who is the ETF issuer of FLMI?
Franklin Dynamic Municipal Bond ETF, FLMI, is provided by Franklin Templeton. Learn more about Franklin Templeton here.
What is the current assets under management (AUM) of FLMI?
FLMI oversees €1.68B in assets as of May 1, 2026.
How has FLMI performed lately?
Based on data from May 1, 2026, FLMI returned 0.55% over the past month, -0.42% over the last three months and 0.65% year-to-date.
What are the latest inflows or outflows for FLMI?
As of May 1, 2026, FLMI recorded net flows of +€86M over the last month and +€537M year-to-date.
Does FLMI distribute dividends?
FLMI follows a distributing dividend policy, meaning it pays out income to investors. As of May 1, 2026, its 12-month trailing yield was 2.24%.
What are the main country or region exposures of FLMI?
As of March 31, 2026, FLMI has significant geographic allocations in USA.
In which sector or theme does FLMI invest in?
As of March 31, 2026, FLMI focuses largely on Municipal.
How many securities does FLMI hold and how diversified is it?
As of March 31, 2026, FLMI holds 1206 positions in its portfolio, with 18.81% of assets concentrated in its top 15 holdings.
What are the main positions in FLMI?
As of March 31, 2026, FLMI top three holdings include US74440DGL29, US74440DFQ25 and US84136HAU77.
What is the base currency of FLMI?
The base currency of FLMI is USD.
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