Symbols

FLMI

Franklin Dynamic Municipal Bond ETF·NYSE

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Key Stats

Assets Under Management

1.33BUSD

Fund Flows (1Y)

857.06MUSD

Dividend Yield

3.84%

Discount/Premium to NAV

0.04%

Shares Outstanding

53.60M

Expense Ratio

0.30%

About Franklin Dynamic Municipal Bond ETF

Issuer

Franklin Advisers, Inc.

Brand

Franklin

Home Page

https://www.franklintempleton.com/investments/options/exchange-traded-funds/products/26175/SINGLCLASS/franklin-dynamic-municipal-bond-etf/FLMI

Inception Date

Aug 31, 2017

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Franklin Advisers, Inc.

Distributor

Franklin Distributors LLC

FLMI seeks a high level of current income that is free from federal taxes by targeting the intermediate-term municipal bond market. The portfolio will hold securities of any credit quality, including junk bonds and defaulted securities. Although the fund does not have restrictions on the maturity of the securities it may buy, the fund seeks to maintain a dollar-weighted average portfolio maturity of three to ten years. The fund is also actively managed, meaning it will select components based on the fund adviser's judgement, within the fund's range of allowable investments. Prior to Jan. 31, 2022, the fund was called Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF.