Franklin Dynamic Municipal Bond ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 25 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About FLMI
Undernormal market conditions, the Fund invests at least 80% of its net assets in municipal securities whoseinterest is free from federal income taxes, including the federal alternative minimum tax. Although theFund tries to invest all of its assets in tax-free securities, it is possible that up to 20% of the Fund’snet assets may be in securities that pay interest that may be subject to the federal alternative minimumtax and in securities that pay interest subject to other federal or state income taxes. The Fund may invest indebt and fixed income securities of any maturity. Under normal market conditions, the Fund seeks to maintainan average effective duration of two to eight years. Effective duration seeks to measure the expectedsensitivity of market price to changes in interest rates, taking into account the anticipated effectsof structural complexities (for example, some bonds can be prepaid by the issuer). The Fund may investin municipal securities that are issued on a when-issued or delayed delivery basis.The Fund may invest inmunicipal securities rated in any rating category by U.S. nationally recognized rating services (or unratedor short-term rated securities of comparable quality), including below investment grade (also known as"junk bonds") and defaulted securities. The Fund also may invest in insured municipal securities,municipal lease obligations, variable and floating rate securities (primarily variable rate demand notes),zero coupon securities and deferred interest securities.Although the investment manager will searchfor investments across a large number of municipal securities that finance different types of projects,from time to time, based on economic conditions, the Fund may have significant positions in municipalsecurities that finance similar types of projects. The Fund may invest in municipal securitiesthat are covered by insurance policies that guarantee the timely payment of principal and interest. Theinvestment manager selects securities that it believes will provide the best balance between risk andreturn within the Fund's range of allowable investments and typically invests with a long-term time horizon.This means it generally holds securities in the Fund's portfolio for income purposes, although the investmentmanager may sell a security at any time if it believes it could help the Fund meet its goal. With a focuson income, individual securities are considered for purchase or sale based on various factors and considerations,including credit profile, risk, structure,pricing, portfolio impact, duration management, restructuring, opportunistic trading and tax loss harvestingopportunities.
FLMI News
- Trading the Move, Not the Narrative: (FLMI) Edition
- (FLMI) Movement Within Algorithmic Entry Frameworks
- How (FLMI) Movements Inform Risk Allocation Models
- Franklin Dynamic Municipal Bond ETF $FLMI Shares Bought by Meeder Advisory Services Inc.
- Trading Systems Reacting to (FLMI) Volatility
- Sanctuary Advisors LLC Grows Stock Position in Franklin Dynamic Municipal Bond ETF $FLMI
- Retirement Planning Group LLC Raises Stake in Franklin Dynamic Municipal Bond ETF $FLMI
- Trading Systems Reacting to (FLMI) Volatility
- How Franklin Dynamic Municipal Bond Etf (FLMI) Affects Rotational Strategy Timing
- (FLMI) and the Role of Price-Sensitive Allocations
- Franklin Dynamic Municipal Bond ETF $FLMI Shares Acquired by New England Private Wealth Advisors LLC
Data for FLMI is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.