Franklin Dynamic Municipal Bond ETF (FLMI)

NYSEARCA: FLMI · IEX Real-Time Price · USD
+0.02 (0.08%)
Mar 28, 2023, 4:00 PM EDT - Market closed
Assets $99.97M
Expense Ratio 0.30%
PE Ratio n/a
Shares Out 4.20M
Dividend (ttm) $0.71
Dividend Yield 2.98%
Ex-Dividend Date Mar 1, 2023
Payout Ratio n/a
1-Year Return -3.90%
Volume 8,289
Open 23.78
Previous Close 23.79
Day's Range 23.75 - 23.83
52-Week Low 22.41
52-Week High 24.83
Beta 0.14
Holdings 394
Inception Date Aug 31, 2017

About 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.

Asset Class Fixed Income
Category Muni National Interm
Region North America
Stock Exchange NYSEARCA
Ticker Symbol FLMI
Index Tracked Bloomberg Municipal 1-15 Year


Ex-Dividend Amount Pay Date
Mar 1, 2023 $0.0654 Mar 7, 2023
Feb 1, 2023 $0.0582 Feb 7, 2023
Dec 16, 2022 $0.07583 Dec 22, 2022
Dec 1, 2022 $0.0645 Dec 7, 2022
Nov 1, 2022 $0.0621 Nov 7, 2022
Oct 3, 2022 $0.0614 Oct 7, 2022
Full Dividend History


Active Muni Funds Can Stake Their Claim in 2023

Municipal bonds, the subject of a recent debate here at VettaFi, are nonetheless an area that some market watchers are tapping for a “renaissance” of sorts this year. After a difficult 2022, municipal...

1 month ago - ETF Trends

Focus on FLMI for Municipal Bond Recession Protection

While economists and political pundits debate the recession status of the U.S. economy, investors may want to take steps to prepare for an economic downturn. After all, failure to prepare is preparing...

7 months ago - ETF Trends

Summer Buying Could Kick-Start Muni Bond Rebound

Municipal bonds, like the bulk of the fixed income space, are being adversely affected by the Federal Reserve's aggressive interest rate hikes — more of which could be on the way due to persistently h...

8 months ago - ETF Trends

FLMI Could Be Fabulous Idea as Municipal Bonds Regain Form

Headline risk remains in the fixed income space. On Wednesday, the Labor Department said that the June reading of the Consumer Price Index (CPI) checked in at 9.1%.

9 months ago - ETF Trends

Investors Are Renewing Faith in Municipal Bonds

As is the case with nearly every other corner of the bond market this year, municipal bonds are languishing due to the Federal Reserve's interest rate tightening efforts. However, muni bonds and the r...

9 months ago - ETF Trends

Active ETF Strategies Could Help Exploit Inefficiencies in the Municipal Bond Market

Bond investors can utilize actively managed municipal bond exchange traded funds to  seek out the best opportunities and exploit inefficiencies in the complex muni market. In the recent webcast, Explo...

Other symbols: FLMB
10 months ago - ETF Trends

Exploiting Inefficiencies in the Muni Market with Active Management

While municipal bonds have always been known for investor benefits such as tax-free income and diversification, the muni market has cheapened amid 2022's heightened volatility – making now an opportun...

Other symbols: FLMB
11 months ago - ETF Trends

ETF Odds & Ends: 2022 Leads 2021 For Launches

Meanwhile, several funds had changes to their indexes, names or expense ratios.

1 year ago - ETFcom

Franklin Templeton Announces Name Change to Two Tax-Free Bond ETFs

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Templeton Announces Name Change to Two Tax-Free Bond ETFs

2 years ago - Business Wire

Democrats Favoring Tax Hikes: Muni Bond ETFs to Soar?

Democratic presidential candidates are pitching for tax hikes in some way or the other. This should keep the winning momentum alive for muni bond ETFs.

3 years ago - Zacks Investment Research