FLMI — Franklin Dynamic Municipal Bond ETF
Data updated: 2026-08-27
FLMI — Franklin Dynamic Municipal Bond ETF. Long Municipal - National Bond · $2.30B AUM · 0.30% expense ratio. Holdings, fees, performance and SEC filings.
FLMI Fund Overview
FLMI — Franklin Dynamic Municipal Bond ETF is a US ETF managed by Franklin Templeton ETF Trust, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Franklin Templeton ETF Trust
- Category: Long Municipal - National Bond
- Assets under management: $2.30B
- 1-year return: 8.0%
- Ticker: FLMI
- SEC CIK: 0001655589
- SEC series ID: S000057879
- Share class ID: C000187842
FLMI Holdings
Top 10 holdings of Franklin Dynamic Municipal Bond ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Southeast Energy Authority (al) | 1.78% |
| Public Energy Authority Of Kentucky (ky) | 1.74% |
| Public Energy Authority Of Kentucky (ky) | 1.60% |
| California Community Choice Financing Authority (ca) | 1.47% |
| Tennessee Energy Acquisition Corp. (tn) | 1.42% |
| Metropolitan Pier & Exposition Authority (il) | 1.34% |
| Southeast Energy Authority (al) | 1.34% |
| Black Belt Energy Gas District (the) (al) | 1.32% |
| Black Belt Energy Gas District (the) (al) | 1.27% |
| Texas Municipal Gas Acquisition And Supply Corp. V (tx) | 1.03% |
FLMI Portfolio Allocation
Asset-class allocation of Franklin Dynamic Municipal Bond ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 99.9% |
FLMI Performance
Total returns for FLMI (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 2.9% |
| 1 year | 8.0% |
| 3 years (annualised) | 6.0% |
| 5 years (annualised) | 2.2% |
FLMI Risk Information
Risk metrics for FLMI, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.2%
FLMI Costs and Fees
FLMI costs about $30 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.30%
- Gross expense ratio: 0.30%
- Portfolio turnover: 34%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FLMI Cashflows
Over the 12 months to 2026-06, Franklin Dynamic Municipal Bond ETF had net inflows of $1.53B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $191.52M |
| 2026-05 | $115.40M |
| 2026-04 | $98.24M |
| 2026-03 | $95.35M |
| 2026-02 | $132.66M |
| 2026-01 | $301.15M |
FLMI Debt Constituents
Largest debt holdings of Franklin Dynamic Municipal Bond ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Southeast Energy Authority (al) | 1.78% |
| Public Energy Authority Of Kentucky (ky) | 1.74% |
| Public Energy Authority Of Kentucky (ky) | 1.60% |
| California Community Choice Financing Authority (ca) | 1.47% |
| Tennessee Energy Acquisition Corp. (tn) | 1.42% |
| Metropolitan Pier & Exposition Authority (il) | 1.34% |
| Southeast Energy Authority (al) | 1.34% |
| Black Belt Energy Gas District (the) (al) | 1.32% |
| Black Belt Energy Gas District (the) (al) | 1.27% |
| Texas Municipal Gas Acquisition And Supply Corp. V (tx) | 1.03% |
FLMI Prospectus and SEC Filings
Official Franklin Dynamic Municipal Bond ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-07-27
- Prospectus (485BPOS) — filed 2025-07-28
- Prospectus (485BPOS) — filed 2024-07-26
- Portfolio holdings (N-PORT) — filed 2026-08-27
- Portfolio holdings (N-PORT) — filed 2026-05-21
- Portfolio holdings (N-PORT) — filed 2026-02-27
- Annual census (N-CEN) — filed 2026-06-12
- Annual census (N-CEN) — filed 2025-06-12
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.