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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NYSEARCA:FLMI

Franklin Dynamic Municipal Bond ETF (FLMI) Price, Holdings, & News

$24.45
+0.03 (+0.12%)
(As of 03/28/2024 ET)
Today's Range
$24.40
$24.48
50-Day Range
$24.08
$24.53
52-Week Range
$22.50
$25.94
Volume
46,276 shs
Average Volume
53,347 shs
Market Capitalization
$113.69 million
Assets Under Management
$195.23 million
Dividend Yield
2.94%
Net Expense Ratio
0.30%
FLMI stock logo

About Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI)

The Franklin Dynamic Municipal Bond ETF (FLMI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in municipal bonds of any credit quality. The portfolio manager seeks dollar-weighted average maturity of three to ten years. FLMI was launched on Aug 31, 2017 and is managed by Franklin Templeton.

FLMI Stock Price History

FLMI ETF News Headlines

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
See More Headlines
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Fund Details

Issuer
Franklin Templeton Investments
Fund Name
Franklin Dynamic Municipal Bond ETF
Tax Classification
Regulated Investment Company
Current Symbol
NYSEARCA:FLMI
Inception Date
8/31/2017
Fund Manager
James Conn, Christopher Sperry, Daniel Workman
Web
N/A
Phone
N/A

Fund Focus

Asset Class
Fixed Income
Benchmark
N/A
Category
Municipals
Focus
Broad Municipals
Development Level
Developed Markets
Region
North America
Number of Holdings
485

Fund Statistics

Assets Under Management
$195.23 million
Average Daily Volume
$47,933.60
Discount/Premium
0.02%

Administrator, Advisor and Custodian

Administrator
Franklin Templeton Services, LLC
Advisor
Franklin Advisers, Inc.
Custodian
State Street Bank and Trust Company
Distributor
Franklin Templeton Distributors, Inc.
Transfer Agent
State Street Bank and Trust Company
Trustee
N/A
Lead Market Maker
Flow Traders

Options

Optionable
N/A
Short Interest
23,700 shs

Miscellaneous

Beta
0.15
Creation Unit
100,000
Creation Fee
$500.00
Investing Strategies To Help Grow Your Retirement Income Cover

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Franklin Dynamic Municipal Bond ETF Expenses

TypeFLMIBroad Municipals ETFsFixed Income ETFsNYSEARCA ETFsAll ETFs
Management Fee0.63%0.33%0.32%0.50%0.51%
Other Expenses0.38%0.47%0.26%0.64%0.58%
Total Expense1.01%0.44%0.39%0.74%0.70%
Fee Waiver-0.71%-0.30%-0.24%-0.69%-0.56%
Net Expense0.30%0.37%0.34%0.57%0.58%

Franklin Dynamic Municipal Bond ETF (FLMI) Holdings & Exposure

Top 10 FLMI Holdings

  • CHICAGO ILL BRD ED DEDICATED CAP IMPT 5%
    Holding Weight: 2.00%
  • TENNERGY CORP TENN GAS REV 5.5%
    Holding Weight: 1.92%
  • CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%
    Holding Weight: 1.90%
  • CHANDLER ARIZ INDL DEV AUTH INDL DEV REV 5%
    Holding Weight: 1.64%
  • TEXAS MUN GAS ACQUISITION & SUPPLY CORP III GAS SUPPLY REV 5%
    Holding Weight: 1.64%
  • METROPOLITAN TRANSN AUTH N Y REV 5%
    Holding Weight: 1.48%
  • BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5.25%
    Holding Weight: 1.43%
  • MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%
    Holding Weight: 1.41%
  • MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%
    Holding Weight: 1.32%
  • LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV 3.5%
    Holding Weight: 1.30%

FLMI Sector Exposure

FLMI Industry Exposure


FLMI ETF - Frequently Asked Questions

How have FLMI shares performed in 2024?

Franklin Dynamic Municipal Bond ETF's stock was trading at $24.26 on January 1st, 2024. Since then, FLMI shares have increased by 0.8% and is now trading at $24.45.
View the best growth stocks for 2024 here
.

What does FLMI invest in?

Franklin Dynamic Municipal Bond ETF is a fixed income fund issued by Franklin Templeton Investments. FLMI focuses on broad municipals investments. The fund's investments total to approximately $195.23 million assets under management.

What is the management fee for Franklin Dynamic Municipal Bond ETF?

Franklin Dynamic Municipal Bond ETF's management fee is 0.63% and has other expenses of 0.38%. However, FLMI has a fee waiver of -0.71% to reimburse the expenses. The net expense ratio for FLMI is 0.30%.

Who are Franklin Dynamic Municipal Bond ETF's major shareholders?

Franklin Dynamic Municipal Bond ETF's stock is owned by a number of retail and institutional investors. Top institutional investors include Central Bank & Trust Co. (6.40%), ShoreHaven Wealth Partners LLC (2.69%), Raymond James Financial Services Advisors Inc. (2.57%), Cambridge Investment Research Advisors Inc. (1.90%), Patriot Financial Group Insurance Agency LLC (1.53%) and Orion Portfolio Solutions LLC (1.26%).

How do I buy shares of Franklin Dynamic Municipal Bond ETF?

Shares of FLMI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSEARCA:FLMI) was last updated on 3/29/2024 by MarketBeat.com Staff

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