Franklin Templeton, IncHigh Yield MuniFLMI · NYSE Arca

Franklin Dynamic Municipal Bond ETF (FLMI)

Compare High Yield Muni ETFs Compare with others

Price: $24.15; —30 Oct 2026
Assets: $2.3B; Total net assets
Expense ratio: 0.30%; Category 0.93%
Yield: 4.21%; Trailing distributions

1Y return: 0.7%+0.1%; Category 0.6%
3Y CAGR: 6.5%0.0%; Category 6.5%
5Y CAGR: 1.7%+1.6%; Category 0.1%

Loading NAV history…

Franklin Dynamic Municipal Bond ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+4.0%	-1.0%	-1.3%	+0.2%	+0.7%	+6.5%	+1.7%	—	+2.7%
High Yield Muni average	3.6%	-1.8%	-1.7%	0.1%	0.6%	6.5%	0.1%	2.2%	2.1%
Difference	+0.4%	+0.8%	+0.4%	+0.1%	+0.1%	0.0%	+1.6%	—	+0.5%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

AAA1.4%
AA16.5%
A29.6%
BBB19.3%
BB7.1%
B0.1%
Below B0.0%
Other26.0%

Asset mix

Bonds101.3%

ETF details

Issuer: Franklin Templeton, Inc
Category: Fixed Income · High Yield Muni
Ticker: FLMI
Exchange: NYSE Arca
Inception: 31 Aug 2017 (9.2 years)
Structure: Exchange Traded Fund
Expense ratio: 0.30% (category 0.93%)
Holdings turnover: 34% (category 56%)
Distribution yield: 4.21%
Beta, 3 years: 0.94
Total net assets: $2.3B
Average duration: 4.67 years
Average maturity: 9.52 years

Prices and returns as of 30 Oct 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

Other high yield muni ETFs

Other ETFs in the High Yield Muni category.

Compare High Yield Muni ETFs