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Trending ETFs

Franklin Dynamic Municipal Bond ETF

Active ETF
FLMI
Payout Change
Increase
Price as of:
$23.71 +0.03 +0.13%
primary theme
Municipal Bond
FLMI (ETF)

Franklin Dynamic Municipal Bond ETF

Payout Change
Increase
Price as of:
$23.71 +0.03 +0.13%
primary theme
Municipal Bond
FLMI (ETF)

Franklin Dynamic Municipal Bond ETF

Payout Change
Increase
Price as of:
$23.71 +0.03 +0.13%
primary theme
Municipal Bond

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$23.71

$97.8 M

2.89%

$0.69

0.30%

Vitals

YTD Return

-4.2%

1 yr return

-7.8%

3 Yr Avg Return

0.7%

5 Yr Avg Return

N/A

Net Assets

$97.8 M

Holdings in Top 10

14.5%

52 WEEK LOW AND HIGH

$23.6
$23.31
$27.16

Expenses

OPERATING FEES

Expense Ratio 0.30%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 27.62%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund

Investment Style

Muni National Interm


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$23.71

$97.8 M

2.89%

$0.69

0.30%

FLMI - Profile

Distributions

  • YTD Total Return -11.6%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.32%
DIVIDENDS
  • Dividend Yield 2.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Franklin Dynamic Municipal Bond ETF
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    Aug 31, 2017
  • Shares Outstanding
    4050000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Daniel Workman

Fund Description

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.


FLMI - Performance

Return Ranking - Trailing

Period FLMI Return Category Return Low Category Return High Rank in Category (%)
YTD -4.2% -86.8% 7.5% 21.44%
1 Yr -7.8% -16.3% 15.7% 78.96%
3 Yr 0.7%* -6.2% 10.3% 32.75%
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 FLMI Return Category Return Low Category Return High Rank in Category (%)
2021 1.8% -91.1% 101.7% 7.08%
2020 3.8% -79.2% 310.0% 10.34%
2019 3.8% -66.1% 15.4% 35.00%
2018 -2.1% -57.4% 97.2% 54.42%
2017 N/A -100.0% 6.8% N/A

Total Return Ranking - Trailing

Period FLMI Return Category Return Low Category Return High Rank in Category (%)
YTD -11.6% -86.8% 7.5% 50.41%
1 Yr -7.8% -16.3% 23.6% 65.80%
3 Yr 0.7%* -7.0% 11.5% 31.77%
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 FLMI Return Category Return Low Category Return High Rank in Category (%)
2021 1.8% -91.1% 101.7% 7.21%
2020 3.8% -79.2% 310.0% 10.33%
2019 4.0% -66.1% 15.4% 32.56%
2018 -2.2% -57.4% 97.2% 60.49%
2017 N/A -48.8% 7.0% N/A

FLMI - Holdings

Concentration Analysis

FLMI Category Low Category High FLMI % Rank
Net Assets 97.8 M 1.23 M 73.9 B 84.52%
Number of Holdings 429 1 14000 22.50%
Net Assets in Top 10 13.5 M -317 M 8.64 B 67.99%
Weighting of Top 10 14.49% 2.4% 100.0% 69.21%

Top 10 Holdings

  1. PUERTO RICO SALES TAX FING CORP SALES TAX REV 0.01% 2.50%
  2. CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV 0.375% 2.14%
  3. LA JOYA TEX INDPT SCH DIST 5% 1.99%
  4. ILLINOIS ST SALES TAX REV 4% 1.65%
  5. MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% 1.64%
  6. METROPOLITAN TRANSN AUTH N Y REV 5% 1.63%
  7. TEXAS MUN GAS ACQUISITION & SUPPLY CORP III GAS SUPPLY REV 5% 1.62%
  8. MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% 1.61%
  9. NEW JERSEY ST 4% 1.55%
  10. LOWER COLO RIV AUTH TEX REV 5% 1.50%

Asset Allocation

Weighting Return Low Return High FLMI % Rank
Bonds
92.55% 0.00% 150.86% 91.91%
Cash
7.45% -50.86% 100.00% 7.60%
Stocks
0.00% -0.03% 4.63% 14.22%
Preferred Stocks
0.00% -1.79% 0.04% 10.94%
Other
0.00% -13.03% 30.01% 12.27%
Convertible Bonds
0.00% 0.00% 0.93% 11.16%

Bond Sector Breakdown

Weighting Return Low Return High FLMI % Rank
Municipal
92.55% 0.00% 100.00% 91.11%
Cash & Equivalents
7.45% 0.00% 100.00% 7.96%
Derivative
0.00% 0.00% 21.68% 11.03%
Securitized
0.00% 0.00% 5.93% 12.41%
Corporate
0.00% 0.00% 9.99% 27.17%
Government
0.00% 0.00% 52.02% 16.59%

Bond Geographic Breakdown

Weighting Return Low Return High FLMI % Rank
US
89.47% 0.00% 142.23% 89.68%
Non US
3.08% 0.00% 62.14% 23.25%

FLMI - Expenses

Operational Fees

FLMI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.30% 0.02% 3.60% 80.15%
Management Fee 0.63% 0.00% 1.10% 97.01%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% 18.75%

Sales Fees

FLMI 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

FLMI 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.

FLMI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.62% 0.00% 283.00% 76.96%

FLMI - Distributions

Dividend Yield Analysis

FLMI Category Low Category High FLMI % Rank
Dividend Yield 2.89% 0.00% 35.27% 12.26%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FLMI Category Low Category High FLMI % Rank
Net Income Ratio 2.32% -0.53% 24.00% 29.24%

Capital Gain Distribution Analysis

FLMI Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually

Dividend Payout History

View More +

FLMI - Fund Manager Analysis

Managers

Daniel Workman


Start Date

Tenure

Tenure Rank

Aug 31, 2017

4.75

4.8%

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.

James Conn


Start Date

Tenure

Tenure Rank

Aug 31, 2017

4.75

4.8%

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

1.83

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.

Francisco Rivera


Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.58

1.6%

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
0.08 35.05 7.22 1.58