FLMI Performance — Franklin Dynamic Municipal Bond ETF
Data updated: 2026-08-27
FLMI returned +2.88% year to date and +7.99% over one year to Jun 2026. Annualised returns are +5.98% over 3 years and +2.22% over 5 years. The fund beat its Intermediate Municipal Bond category average: $100 invested three years ago grew to $119, against $111 for the category, and to $108 over one year, against $106. Volatility over the past three years was 5.08% a year. In the 12 months to Jun 2026 the fund took in a net $1.5B, and assets reached $2.30B.
FLMI Growth of $100
What $100 invested in Franklin Dynamic Municipal Bond ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | FLMI | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $108 | $106 |
| 3 years (Jul 2023 – Jun 2026) | $119 | $111 |
| 5 years (Jul 2021 – Jun 2026) | $112 | $105 |
| Since data start (Jul 2019 – Jun 2026) | $124 | $112 |
FLMI Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.88% |
| 1 year | +7.99% |
| 3 years (annualised) | +5.98% |
| 5 years (annualised) | +2.22% |
FLMI Annual Returns
Calendar-year total returns of Franklin Dynamic Municipal Bond ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +2.88% |
| 2025 | +5.88% |
| 2024 | +5.16% |
| 2023 | +7.67% |
| 2022 | −10.21% |
| 2021 | +4.00% |
| 2020 | +6.26% |
| 2019 (Jul–Dec) | +1.30% |
FLMI Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.0% | +1.6% | −2.4% | +1.2% | +0.7% | +0.8% | — | — | — | — | — | — |
| 2025 | +0.5% | +1.3% | −1.4% | −0.5% | +0.1% | +0.9% | −0.4% | +0.8% | +2.6% | +1.3% | +0.4% | +0.2% |
| 2024 | +0.4% | +0.5% | +0.6% | −0.7% | +0.3% | +1.7% | +0.9% | +0.9% | +1.2% | −1.0% | +1.4% | −1.1% |
| 2023 | +3.0% | −2.0% | +1.7% | +0.4% | −0.4% | +0.9% | +0.4% | −0.9% | −2.4% | −1.4% | +5.5% | +2.8% |
| 2022 | −2.9% | −0.8% | −3.5% | −3.1% | +0.8% | −1.9% | +3.0% | −1.8% | −4.0% | −0.7% | +4.1% | +0.3% |
| 2021 | +1.3% | −1.5% | +0.6% | +1.4% | +0.6% | +0.7% | +0.9% | −0.1% | −1.0% | −0.3% | +1.1% | +0.2% |
| 2020 | +1.7% | +1.3% | −4.8% | −1.5% | +2.9% | +1.5% | +1.8% | −0.2% | +0.1% | 0.0% | +2.1% | +1.4% |
| 2019 | — | — | — | — | — | — | +0.8% | +1.6% | −0.9% | +0.1% | −0.6% | +0.3% |
FLMI Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 5.08%
- 3-year Sharpe ratio: 0.29 (vs 4.5% risk-free rate)
- Best month: +5.49% (Nov 2023)
- Worst month: −2.39% (Sep 2023)
FLMI Fund Flows
Monthly money in and out of Franklin Dynamic Municipal Bond ETF, from SEC Form N-PORT.
- 12-month net flow: $1.5B
- 12-month gross sales (incl. reinvestments): $1.7B
- Sales ÷ redemptions: 10.15×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $221.6M | $30.0M | $191.5M |
| May 2026 | $160.3M | $44.9M | $115.4M |
| Apr 2026 | $153.3M | $55.0M | $98.2M |
| Mar 2026 | $115.3M | $19.9M | $95.3M |
| Feb 2026 | $132.7M | $0 | $132.7M |
| Jan 2026 | $301.1M | $0 | $301.1M |
| Dec 2025 | $114.2M | $0 | $114.2M |
| Nov 2025 | $135.7M | $2.5M | $133.2M |
| Oct 2025 | $106.9M | $0 | $106.9M |
| Sep 2025 | $89.7M | $12.3M | $77.4M |
| Aug 2025 | $85.6M | $2.4M | $83.2M |
| Jul 2025 | $79.3M | $0 | $79.3M |
FLMI Assets Under Management
Net assets of Franklin Dynamic Municipal Bond ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $2.30B |
| 2026-03-31 | $1.86B |
| 2025-12-31 | $1.34B |
| 2025-09-30 | $983.67M |
| 2025-06-30 | $724.79M |
| 2025-03-31 | $609.67M |
| 2024-12-31 | $415.54M |
| 2024-09-30 | $323.02M |
| 2024-06-30 | $231.13M |
| 2024-03-31 | $195.37M |
| 2023-12-31 | $164.60M |
| 2023-09-30 | $126.20M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.