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NYSEARCA:FLMI

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

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Free FLMI Stock Alerts
$24.34
-0.04 (-0.16%)
(As of 10:05 AM ET)
Compare
Today's Range
$24.34
▼
$24.40
50-Day Range
$24.06
▼
$24.53
52-Week Range
$22.50
▼
$25.94
Volume
3,248 shs
Average Volume
53,655 shs
Market Capitalization
$205.67 million
Assets Under Management
$211.83 million
Dividend Yield
2.96%
Net Expense Ratio
0.30%
Stock AnalysisChartDividendHeadlinesHoldingsOwnership
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

May 14, 2024 | seekingalpha.com
U.S. Municipal Bond Quarterly Market Recap And Outlook
May 8, 2024 | finance.yahoo.com
Franklin’s Muni Bond ETF Leverages a Deep Research Bench
May 2, 2024 | msn.com
Franklin Municipal Green Bond ETF declares monthly distribution of $0.0801
May 2, 2024 | msn.com
Franklin Dynamic Municipal Bond ETF declares monthly distribution of $0.0904
April 17, 2024 | bloomberg.com
Climate Risks Fuel Niche Market in Customized Muni-Bond Funds
April 3, 2024 | msn.com
Franklin Municipal Green Bond ETF declares monthly distribution of $0.0717
April 3, 2024 | msn.com
Franklin Dynamic Municipal Bond ETF declares monthly distribution of $0.0799
March 6, 2024 | msn.com
Franklin Dynamic Municipal Bond ETF declares monthly distribution of $0.0745
See More Headlines

Fund Details

Issuer
Franklin Templeton Investments
Fund Name
Franklin Dynamic Municipal Bond ETF
Tax Classification
Regulated Investment Company
Stock Exchange
NYSEARCA
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
500

Fund Statistics

Assets Under Management
$211.83 million
Average Daily Volume
$55,310.60
Discount/Premium
0.03%

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
45,800 shs

Miscellaneous

Outstanding Shares
8,450,000
Beta
0.08
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%0.28%0.64%0.58%
Total Expense1.01%0.44%0.40%0.74%0.70%
Fee Waiver-0.71%-0.32%-0.25%-0.68%-0.56%
Net Expense0.30%0.37%0.35%0.58%0.58%

Franklin Dynamic Municipal Bond ETF (FLMI) Holdings & Exposure

Top 10 FLMI Holdings

  • TENNESSEE ENERGY ACQUISITION CORP COMMODITY PROJ REV 5%
    Holding Weight: 2.85%
  • CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%
    Holding Weight: 2.84%
  • NEW YORK TRANSN DEV CORP SPL FAC REV 5%
    Holding Weight: 1.82%
  • MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%
    Holding Weight: 1.81%
  • PATRIOTS ENERGY GROUP FING AGY S C GAS SUPPLY REV 5.25%
    Holding Weight: 1.37%
  • TEXAS MUN GAS ACQUISITION & SUPPLY CORP IV GAS SUPPLY REV 5.5%
    Holding Weight: 1.36%
  • TENNERGY CORP TENN GAS REV 5.5%
    Holding Weight: 1.31%
  • NEW YORK N Y 3.75%
    Holding Weight: 1.28%
  • IOWA FIN AUTH MIDWESTERN DISASTER AREA REV 5%
    Holding Weight: 1.24%
  • CHICAGO ILL BRD ED DEDICATED CAP IMPT 5%
    Holding Weight: 1.14%

FLMI Sector Exposure

FLMI Industry Exposure

Full Holdings Details

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 0.3% and is now trading at $24.34.
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 announced a dividend on Thursday, January 4th. Shareholders 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 a positive change 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 $211.83 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 shareholders include Central Bank & Trust Co. (12.89%), Cambridge Investment Research Advisors Inc. (1.22%), Leeward Financial Partners LLC (1.19%), Landmark Wealth Management LLC (0.54%), Commonwealth Equity Services LLC (0.51%) and Wulff Hansen & CO. (0.51%).

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 5/20/2024 by MarketBeat.com Staff

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