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NYSEARCA:FLMI

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

$24.15
-0.04 (-0.17%)
(As of 02:19 PM ET)
Today's Range
$24.12
$24.19
50-Day Range
$24.06
$24.53
52-Week Range
$22.50
$25.94
Volume
30,218 shs
Average Volume
54,281 shs
Market Capitalization
$112.30 million
Assets Under Management
$197.30 million
Dividend Yield
2.98%
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

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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
492

Fund Statistics

Assets Under Management
$197.30 million
Average Daily Volume
$51,916.80
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
29,500 shs

Miscellaneous

Beta
0.15
Creation Unit
100,000
Creation Fee
$500.00
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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%0.27%0.64%0.58%
Total Expense1.01%0.44%0.40%0.74%0.70%
Fee Waiver-0.71%-0.32%-0.24%-0.68%-0.57%
Net Expense0.30%0.37%0.35%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 decreased by 0.5% and is now trading at $24.15.
View the best growth stocks for 2024 here
.

How often does Franklin Dynamic Municipal Bond ETF pay dividends? What is the dividend yield for Franklin Dynamic Municipal Bond ETF?

Franklin Dynamic Municipal Bond ETF declared a dividend on Thursday, January 4th. Investors of record on Tuesday, April 2nd will be given a dividend of $0.0799 per share on Friday, April 5th. The ex-dividend date of this dividend is Monday, April 1st. This is an increase from the stock's previous dividend of $0.07.
Read our dividend analysis for FLMI
.

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 $197.30 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 variety of institutional and retail investors. Top institutional investors include Central Bank & Trust Co. (12.89%), RFG Advisory LLC (0.23%) and GAMMA Investing LLC (0.05%).

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 4/15/2024 by MarketBeat.com Staff

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