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Franklin Dynamic Municipal Bond ETF

Franklin Dynamic Municipal Bond ETF

FLMI

NYSE ARCA
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Franklin Dynamic Municipal Bond ETF

FLMI

NYSE ARCA
$23.960.41% (+0.09)
$
₹
$23.960.41% (+0.09)
High
—
—
Low
—
—
Returns
—
—
1D
1W
1M
1Y
5Y
Max
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1D
1W
1M
1Y
5Y
Max

US ETF

High Yield Muni

Government & Municipal Bond

Invests in high yield muni segment

Key Metrics

Key Metrics

Expense Ratio
Expense Ratio

The operating and administrative costs of running the fund measured as the percentage of fund assets

0.3%
AUM
AUM

Current market value of the ETF scheme managed by the Asset Management Company

$2.38B
Beta
Beta

Sensitivity of the stock's price relative to the country's key indices over the last 5 years

0.9
Volatility (3Y)
Volatility (3Y)

The annualized standard deviation of the ETF's returns calculated over the last 3 years

5.2%
YTM
YTM

Total rate of return expected to be earned by the underlying debt when it makes all interest payments and repays the original principal

4.7%
YTM Category
YTM Category

Total rate of return expected to be earned by the underlying debt of the same category when it makes all interest payments and repays the original principal

5.35

ETF Profile

Under normal market conditions, the fund invests at least 80% of its net assets in municipal securities whose interest is free from federal income taxes, including the federal alternative minimum tax. Although the fund tries to invest all of its assets in tax-free securities, it is possible that up to 20% of the fund's net assets may be in securities that pay interest that may be subject to the federal alternative minimum tax and, although not anticipated, in securities that pay interest subject to other federal or state income taxes.
Under normal market conditions, the fund invests at least 80% of its net assets in municipal securities whose interest is free from federal income taxes, including the federal alternative minimum tax. Although the fund tries to invest all of its assets in tax-free securities, it is possible that up to 20% of the fund's net assets may be in securities that pay interest that may be subject to the federal alternative minimum tax and, although not anticipated, in securities that pay interest subject to other federal or state income taxes.

Peers

Peers

VanEck High Yield Muni ETF
HYD
VanEck High Yield Muni ETF
Exp. Ratio
0.32%
0.32%
YTM
5.01%
5.01%
1Y Return
2.75%
2.75%
SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF
HYMB
SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF
Exp. Ratio
0.35%
0.35%
YTM
—
—
1Y Return
2.1%
2.1%
Capital Group Municipal High-Income ETF
CGHM
C
Exp. Ratio
0.3399%
0.3399%
YTM
4.86%
4.86%
1Y Return
1.23%
1.23%
iShares High Yield Muni Active ETF
HIMU
I
Exp. Ratio
39%
39%
YTM
6.33%
6.33%
1Y Return
3.67%
3.67%
First Trust Municipal High Income ETF
FMHI
F
Exp. Ratio
0.7%
0.7%
YTM
0.00%
0.00%
1Y Return
1.22%
1.22%

Peers & Comparison

Peers & Comparison

Comparing 2 ETFs from
ETFHigh Yield Muni
ETFTotal AUMTotal AUMExp. RatioExp. Ratio1Y Return1Y Return
Franklin Dynamic Municipal Bond ETF $2.38B0.3%-2.28%
VanEck High Yield Muni ETF$4.28B0.32%-2.75%
SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF$3.44B0.35%-2.10%

Price Comparison

Price Comparison

1 Month

1 Year

5 Years

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Top Holdings

Top Holdings

  • Name
    Holdings
  • CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV 0.375%
    Holdings2.66 %
    CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV 0.375%

    Holdings

    2.66 %

  • LA JOYA TEX INDPT SCH DIST 5%
    Holdings2.13 %
    LA JOYA TEX INDPT SCH DIST 5%

    Holdings

    2.13 %

  • LOWER COLO RIV AUTH TEX REV 5%
    Holdings1.67 %
    LOWER COLO RIV AUTH TEX REV 5%

    Holdings

    1.67 %

  • ILLINOIS ST SALES TAX REV 4%
    Holdings1.65 %
    ILLINOIS ST SALES TAX REV 4%

    Holdings

    1.65 %

  • TENNESSEE ENERGY ACQUISITION CORP COMMODITY PROJ REV 5%
    Holdings1.6 %
    TENNESSEE ENERGY ACQUISITION CORP COMMODITY PROJ REV 5%

    Holdings

    1.6 %

  • TEXAS MUN GAS ACQUISITION & SUPPLY CORP III GAS SUPPLY REV 5%
    Holdings1.59 %
    TEXAS MUN GAS ACQUISITION & SUPPLY CORP III GAS SUPPLY REV 5%

    Holdings

    1.59 %

  • LOUISVILLE & JEFFERSON CNTY KY MET SWR DIST SWR & DRAIN SYS REV 4%
    Holdings1.58 %
    LOUISVILLE & JEFFERSON CNTY KY MET SWR DIST SWR & DRAIN SYS REV 4%

    Holdings

    1.58 %

  • MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%
    Holdings1.56 %
    MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

    Holdings

    1.56 %

  • NEW JERSEY ST 4%
    Holdings1.55 %
    NEW JERSEY ST 4%

    Holdings

    1.55 %

  • FLORIDA DEV FIN CORP HEALTHCARE FACS REV 5%
    Holdings1.45 %
    FLORIDA DEV FIN CORP HEALTHCARE FACS REV 5%

    Holdings

    1.45 %

Frequently asked questions

Frequently asked questions

  1. Franklin Dynamic Municipal Bond ETF (FLMI) is currently trading at $23.96. You can also track daily change, historical performance, trading volume and other key ETF details on this page.

  2. Indian investors can buy Franklin Dynamic Municipal Bond ETF (FLMI) by opening a US investing account through a platform that provides access to US stocks and ETFs, completing the required verification, transferring funds under the Liberalised Remittance Scheme (LRS), and placing an order in USD.

  3. Yes, Indian residents and NRIs can invest in Franklin Dynamic Municipal Bond ETF (FLMI) through platforms that offer access to US-listed stocks and ETFs, subject to applicable regulations, including RBI’s Liberalised Remittance Scheme (LRS) guidelines.

  4. The expense ratio of Franklin Dynamic Municipal Bond ETF (FLMI) is 0.3%. It represents the annual operating cost charged by the ETF provider for managing the fund and tracking its underlying index.

  5. Franklin Dynamic Municipal Bond ETF (FLMI)’s top holdings currently include CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV 0.375%, LA JOYA TEX INDPT SCH DIST 5%, and LOWER COLO RIV AUTH TEX REV 5%. The ETF’s complete holdings list, allocation and sector exposure are available in the Holdings section on this page.

  6. Many platforms offering US ETF investing allow fractional investing, enabling Indian investors to buy a portion of Franklin Dynamic Municipal Bond ETF (FLMI) instead of a full share. This allows investment based on a fixed dollar amount.

  7. Gains from Franklin Dynamic Municipal Bond ETF (FLMI) are generally taxed in India based on the applicable holding period and tax rules. Dividends may be subject to US withholding tax and Indian taxation rules. The final tax treatment depends on individual circumstances.

  8. Remittances under the Liberalised Remittance Scheme (LRS) for overseas investments, including US ETFs like Franklin Dynamic Municipal Bond ETF (FLMI), may attract TCS above specified thresholds. Applicable rates and limits are determined by government regulations and may change over time.

  9. Franklin Dynamic Municipal Bond ETF (FLMI)’s current assets under management (AUM) are $2.38B. AUM represents the total market value of assets managed by the ETF and indicates the size of the fund.

  10. You can compare Franklin Dynamic Municipal Bond ETF (FLMI) with VanEck High Yield Muni ETF (HYD), SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF (HYMB), and Capital Group Municipal High-Income ETF (CGHM) based on metrics such as expense ratio, AUM, P/E ratio, holdings, liquidity and historical returns in the Peers & Comparison section.

  11. Franklin Dynamic Municipal Bond ETF (FLMI)’s NAV represents the per-unit value of the ETF’s underlying holdings after adjusting for expenses and liabilities. It is calculated once daily after markets close and may differ from the ETF’s live market price.

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