FLMI
Franklin Dynamic Municipal Bond ETF
NAV as of
4 Week: 22.90 - 23.76
52 Week: 22.51 - 24.20
Latest Closing Price
23.71
Premium / Discount
0.27
Expense Ratio
0.3%
Investment Objective
The investment seeks a high level of current income that is exempt from federal income taxes. Under normal market conditions, the fund invests at least 80% of its net assets in municipal securities whose interest is free from federal income taxes, including the federal alternative minimum tax. Although the fund tries to invest all of its assets in tax-free securities, it is possible that up to 20% of the fund's net assets may be in securities that pay interest that may be subject to the federal alternative minimum tax and, although not anticipated, in securities that pay interest subject to other federal or state income taxes.
Main Fund Characteristics
Performance
| Period | Performance Returns(%) | Volatility(%) | Risk Adjusted Performance |
|---|---|---|---|
| YTD | 1.50 | 0.32 | 4.66 |
| 1 Day | 0.21 | 0.00 | 0.00 |
| 1 Week | 0.98 | 1.06 | 0.92 |
| 1 Month | 5.14 | 1.45 | 3.55 |
| 3 Months | 0.89 | 3.09 | 0.29 |
| 6 Months | -0.29 | 3.80 | -0.08 |
| 1 Year | 1.15 | 4.99 | 0.23 |
| 2 Years | -11.50 | 6.96 | -1.65 |
| 3 Years | -8.90 | 7.37 | -1.21 |
| 5 Years | -1.41 | 11.83 | -0.12 |
| 10 Years | 0.00 | 0.00 | 0.00 |
Price History
Annual Performance Return
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
| Price (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.3888 | 6.8040 | 6.2532 | 3.9985 | -10.2185 |
| Nav (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Rank | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 81.0000 | 50.0000 | 6.0000 | 6.0000 | 87.0000 |
Dividend Frequency
Lastest Dividend
| Ex Date | Payment Date | Dividend Payout per unit |
|---|---|---|
| N.A | ||
Portfolio Data
Total Number of Holdings: 421
Number of Bond Holdings: 418
Number of Equity Holdings: 0
Total Market Value: 149,289,982
Portfolio Composition
Top 10 Holdings
| % Portfolio Weight | Shares Owned | Shares Changed | Market Value | ||
|---|---|---|---|---|---|
| 1 | SOUTHWESTERN ILL DEV AUTH REV 0% | 2.4632 | 245,000 | 0 | 219,351 |
| 2 | PENNSYLVANIA ST 5% | 2.0315 | 150,000 | 0 | 180,912 |
| 3 | MIAMI FLA HEALTH FACS AUTH HEALTH FACS REV 5% | 1.9730 | 150,000 | 0 | 175,702 |
| 4 | MATANUSKA-SUSITNA BORO ALASKA LEASE REV 4% | 1.8565 | 150,000 | 0 | 165,326 |
| 5 | MILLE LACS CNTY MINN 3% | 1.6200 | 135,000 | 0 | 144,265 |
| 6 | PENNSYLVANIA ECONOMIC DEV FING AUTH UPMC REV 3.38% | 1.4757 | 125,000 | 0 | 131,412 |
| 7 | REGIONAL TRANSN DIST COLO SALES TAX REV 5% | 1.4236 | 100,000 | 0 | 126,770 |
| 8 | METROPOLITAN TRANSN AUTH N Y REV 5% | 1.4228 | 100,000 | 0 | 126,708 |
| 9 | FRANKLIN CNTY OHIO HOSP REV 5% | 1.4100 | 100,000 | 0 | 125,564 |
| 10 | NEW HAMPSHIRE HEALTH & ED FACS AUTH REV 5% | 1.4079 | 100,000 | 0 | 125,374 |
Country Exposure
Regional Exposure
America
Greater Europe
Greater Asia
Market Classification
Market Capitalization
| Size | % of portfolio |
|---|---|
| N.A | |
Equity Style Box Breakdown
| 0 | 0 | 0 | Large |
| 0 | 0 | 0 | Mid |
| 0 | 0 | 0 | Small |
| Value | Blend | Growth |
Value Measures
Price/Prospective Earnings*
0.0000
Price/Book*
0.0000
Price/Sales*
0.0000
Price/Cash Flow*
0.0000
Dividend Yield*
0.0000
Growth Measures
Long-Term Earnings
0.0000
Historical Earnings
0.0000
Sales Growth
0.0000
Cash-Flow Growth
0.0000
Book-Value Growth
0.0000
*Forward-looking based on historical data.
Equity Sector
Number of Bond Holdings
418
Bond Statitics
| Detail | Value |
|---|---|
| Average Effective Duration | 5.95 |
| Average Effective Maturity (Years)* | 8.33 |
| Average Credit Quality | 11.00 |
| Average Weighted Coupon* | 4.65 |
| Average Weighted Price* | 97.63 |
Bond Style Box Breakdown
| 0 | 0 | 0 | High | Quality |
| 0 | 0 | 0 | Med | |
| 0 | 0 | 0 | Low | |
| Ltd | Mod | Ext | ||
| Interest-Rate Sensitivity | ||||
Credit Quality
| Type | % Bonds |
|---|---|
| AAA | 0.26 |
| AA | 12.31 |
| A | 31.89 |
| BBB | 24.08 |
| BB | 2.95 |
| B | 0.60 |
| Below B | 0.08 |
| Not Rated | 27.83 |
Bond Sector
Bond Maturity
| % Bonds | |
|---|---|
| 1 to 3 Years | 4.81 |
| 3 to 5 Years | 5.02 |
| 5 to 7 Years | 7.85 |
| 7 to 10 Years | 17.17 |
| 10 to 15 Years | 17.91 |
| 15 to 20 Years | 17.06 |
| 20 to 30 Years | 20.54 |
| Over 30 Years | 8.74 |
| 1 to 7 Days | 0.00 |
| 8 to 30 Days | 0.00 |
| 31 to 90 Days | 0.00 |
| 91 to 182 Days | 0.18 |
| 183 to 364 Days | 0.50 |
Data Source: Morningstar
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