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Trending ETFs

Franklin Municipal Green Bond ETF

Active ETF
FLMB
Payout Change
Pending
Price as of:
$23.33 -0.02 -0.09%
primary theme
Municipal Bond
FLMB (ETF)

Franklin Municipal Green Bond ETF

Payout Change
Pending
Price as of:
$23.33 -0.02 -0.09%
primary theme
Municipal Bond
FLMB (ETF)

Franklin Municipal Green Bond ETF

Payout Change
Pending
Price as of:
$23.33 -0.02 -0.09%
primary theme
Municipal Bond

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$23.33

$102 M

2.25%

$0.53

0.30%

Vitals

YTD Return

-4.4%

1 yr return

-10.1%

3 Yr Avg Return

0.3%

5 Yr Avg Return

N/A

Net Assets

$102 M

Holdings in Top 10

25.8%

52 WEEK LOW AND HIGH

$23.4
$23.34
$27.59

Expenses

OPERATING FEES

Expense Ratio 0.30%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 11.86%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund

Investment Style

Muni National Long


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$23.33

$102 M

2.25%

$0.53

0.30%

FLMB - Profile

Distributions

  • YTD Total Return -14.1%
  • 3 Yr Annualized Total Return 0.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.50%
DIVIDENDS
  • Dividend Yield 2.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Franklin Municipal Green Bond ETF
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    Aug 31, 2017
  • Shares Outstanding
    4250000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    James Conn

Fund Description

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 adviser 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 invested in securities that pay interest that may be subject to the federal alternative minimum tax and in securities that pay interest subject to other federal or state income taxes.


FLMB - Performance

Return Ranking - Trailing

Period FLMB Return Category Return Low Category Return High Rank in Category (%)
YTD -4.4% -88.5% 9.3% 25.63%
1 Yr -10.1% -20.5% 20.4% 94.79%
3 Yr 0.3%* -6.2% 10.4% 53.63%
5 Yr N/A* -3.5% 5.7% N/A
10 Yr N/A* -0.6% 8.3% N/A

* Annualized

Return Ranking - Calendar

Period FLMB Return Category Return Low Category Return High Rank in Category (%)
2021 -0.8% -91.1% 101.7% 59.41%
2020 5.1% -79.8% 310.0% 6.88%
2019 6.3% -72.6% 15.4% 3.46%
2018 -2.2% -57.4% 97.2% 57.71%
2017 N/A -100.0% 6.8% N/A

Total Return Ranking - Trailing

Period FLMB Return Category Return Low Category Return High Rank in Category (%)
YTD -14.1% -88.5% 9.3% 84.73%
1 Yr -10.1% -24.2% 24.2% 82.63%
3 Yr 0.3%* -7.0% 11.7% 49.46%
5 Yr N/A* -4.0% 5.7% N/A
10 Yr N/A* -0.6% 8.3% N/A

* Annualized

Total Return Ranking - Calendar

Period FLMB Return Category Return Low Category Return High Rank in Category (%)
2021 -0.9% -91.1% 101.7% 59.96%
2020 5.1% -79.8% 310.0% 6.87%
2019 6.6% -72.6% 15.4% 2.94%
2018 -2.5% -57.4% 97.2% 68.12%
2017 N/A -48.8% 7.0% N/A

FLMB - Holdings

Concentration Analysis

FLMB Category Low Category High FLMB % Rank
Net Assets 102 M 1.21 M 75.6 B 83.22%
Number of Holdings 192 1 14000 44.70%
Net Assets in Top 10 26.6 M -305 M 8.43 B 54.06%
Weighting of Top 10 25.81% 1.8% 100.0% 42.61%

Top 10 Holdings

  1. CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4% 3.94%
  2. INTERMOUNTAIN PWR AGY UTAH PWR SUPPLY REV 5% 3.25%
  3. OHIO ST UNIV GEN RCPTS 5% 3.04%
  4. LOS ANGELES CNTY CALIF MET TRANSN AUTH SALES TAX REV 4% 2.81%
  5. CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4% 2.49%
  6. PUBLIC FIN AUTH WIS REV 4% 2.23%
  7. LOUISVILLE & JEFFERSON CNTY KY MET SWR DIST SWR & DRAIN SYS REV 4% 2.08%
  8. MARYLAND ST ECONOMIC DEV CORP PRIVATE ACTIVITY REV 5.25% 2.04%
  9. SAN DIEGO CALIF ASSN GOVTS CAP GRNT RCPTS REV 5% 2.02%
  10. PORT PORTLAND ORE ARPT REV 4% 1.97%

Asset Allocation

Weighting Return Low Return High FLMB % Rank
Bonds
98.93% 46.14% 147.96% 58.59%
Cash
1.07% -47.96% 53.86% 40.33%
Stocks
0.00% -0.90% 4.63% 45.36%
Preferred Stocks
0.00% -3.40% 0.05% 41.40%
Other
0.00% -2.81% 30.01% 42.35%
Convertible Bonds
0.00% 0.00% 0.50% 42.10%

Bond Sector Breakdown

Weighting Return Low Return High FLMB % Rank
Municipal
98.93% 45.33% 100.00% 53.98%
Cash & Equivalents
1.07% 0.00% 53.86% 44.25%
Derivative
0.00% 0.00% 24.85% 42.10%
Securitized
0.00% 0.00% 7.06% 42.85%
Corporate
0.00% 0.00% 11.10% 52.82%
Government
0.00% 0.00% 51.39% 45.94%

Bond Geographic Breakdown

Weighting Return Low Return High FLMB % Rank
US
98.16% 0.00% 141.69% 44.58%
Non US
0.77% 0.00% 100.00% 47.42%

FLMB - Expenses

Operational Fees

FLMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.30% 0.02% 3.79% 79.19%
Management Fee 0.62% 0.00% 1.60% 96.84%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% 18.93%

Sales Fees

FLMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 4.90% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

FLMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FLMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.86% 0.00% 270.00% 31.29%

FLMB - Distributions

Dividend Yield Analysis

FLMB Category Low Category High FLMB % Rank
Dividend Yield 2.25% 0.00% 35.27% 29.01%

Dividend Distribution Analysis

FLMB Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FLMB Category Low Category High FLMB % Rank
Net Income Ratio 1.50% -0.53% 24.00% 73.17%

Capital Gain Distribution Analysis

FLMB Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Monthly Monthly Monthly

Dividend Payout History

View More +

FLMB - Fund Manager Analysis

Managers

James Conn


Start Date

Tenure

Tenure Rank

Aug 31, 2017

4.67

4.7%

Mr. Conn is a senior vice president and portfolio manager with Franklin Advisers, Inc, his employer since 1996. He has final authority over all aspects of the Fund's investment portfolio, including but not limited to, purchases and sales of individual securities, portfolio risk assessment, and the management of daily cash balances in accordance with anticipated management requirements. Mr. Conn holds the Chartered Financial Analyst designation.

Ben Barber


Start Date

Tenure

Tenure Rank

Aug 01, 2020

1.75

1.8%

Mr. Barber is is the Director of Franklin's Municipal Bond Department. Prior to joining Franklin Templeton, he was co-head of municipal bonds at Goldman Sachs Asset Management. He first joined Franklin Templeton in 1991 and rejoined again in April 2020.

Daniel Workman


Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.49

1.5%

Daniel Workman, CFA, has been an analyst or portfolio manager since 2009,providing research and advice on the purchases and sales of individual securities, and portfolio risk assessment. He joined Franklin Templeton Investments in 2003.

Francisco Rivera


Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.49

1.5%

Francisco Rivera,Vice President, has been a lead portfolio manager since 1996. He has primary responsibility for the investments. He has final authority over all aspects of the Fund's investment portfolio, including but not limited to, purchases and sales of individual securities, portfolio risk assessment, and the management of daily cash balances in accordance with anticipated investment management requirements. The degree to which he may perform these functions, and the nature of these functions, may change from time to time. He joined Franklin Templeton Investments in 1994.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 34.97 7.08 1.49