Franklin Dynamic Municipal Bond ETF (FLMI)High Yield Muni | Exchange Traded Fund | NYSEArca
24.54 USD
-0.03
(-0.122%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 24.54 |
Hot Take ↕ | Aug. 22, 2026, 3:33 a.m. EDT
The Franklin Dynamic Municipal Bond ETF presents a classic defensive profile with limited offensive potential. In the short term, the instrument is essentially flat, trading within a tight range near its 52-week lows and showing no meaningful momentum to drive a bullish entry; the recent price action suggests a wait-and-see approach rather than a directional trade. Over the long horizon, the investment case is neutralized by a mixed performance history: while the asset has delivered positive returns in several years, the trailing twelve-month period saw a decline, and the seven-year cumulative return remains slightly negative. This indicates that the market has not fully rewarded the underlying business quality over the full cycle, preventing a 'buy' rating despite the lack of a severe multi-year crash. On the income side, the fund offers a robust yield that stands out against typical bond benchmarks, providing a solid floor for investors who prioritize cash flow over capital appreciation. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.005059 |
| MSTL | 0.005359 |
| AutoETS | 0.005546 |
| AutoARIMA | 0.005596 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 70% |
| H-stat | 189.13 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.023 |
| Excess Kurtosis | -0.31 |
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.38% | 3.95% | 4.04% | 3.56% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-08-03 | 0.094 | 0.382580 |
| 2026-07-01 | 0.087 | 0.346890 |
| 2026-06-01 | 0.083 | 0.332000 |
| 2026-05-01 | 0.089 | 0.357430 |
| 2026-04-01 | 0.088 | 0.355699 |
| 2026-03-02 | 0.075 | 0.296326 |
| 2026-02-02 | 0.076 | 0.303272 |
| 2025-12-19 | 0.068 | 0.273973 |
| 2025-12-01 | 0.073 | 0.293703 |
| 2025-11-03 | 0.091 | 0.366197 |
| 2025-10-01 | 0.079 | 0.319321 |
| 2025-09-02 | 0.078 | 0.323920 |
| 2025-08-01 | 0.091 | 0.377437 |
| 2025-07-01 | 0.080 | 0.330579 |
| 2025-06-02 | 0.084 | 0.349418 |
| 2025-05-01 | 0.093 | 0.384934 |
| 2025-04-01 | 0.088 | 0.359771 |
| 2025-03-03 | 0.073 | 0.294236 |
| 2025-02-03 | 0.071 | 0.289796 |
| 2024-12-31 | 0.072 | 0.294659 |
| 2024-12-13 | 0.021 | 0.085086 |
| 2024-12-02 | 0.074 | 0.297787 |
| 2024-11-01 | 0.093 | 0.379128 |
| 2024-10-01 | 0.075 | 0.300000 |
| 2024-09-03 | 0.080 | 0.323494 |
| 2024-08-01 | 0.090 | 0.365854 |
| 2024-07-01 | 0.076 | 0.312526 |
| 2024-06-03 | 0.090 | 0.373134 |
| 2024-05-01 | 0.090 | 0.373212 |
| 2024-04-01 | 0.080 | 0.329218 |
| 2024-03-01 | 0.075 | 0.308452 |
| 2024-02-01 | 0.083 | 0.340025 |
| 2023-12-15 | 0.087 | 0.360996 |
| 2023-12-01 | 0.077 | 0.324757 |
| 2023-11-01 | 0.084 | 0.372506 |
| 2023-10-02 | 0.068 | 0.298246 |
| 2023-09-01 | 0.078 | 0.331915 |
| 2023-08-01 | 0.073 | 0.306658 |
| 2023-07-03 | 0.071 | 0.298194 |
| 2023-06-01 | 0.083 | 0.349033 |
| 2023-05-01 | 0.068 | 0.285295 |
| 2023-04-03 | 0.088 | 0.368664 |
| 2023-03-01 | 0.065 | 0.276949 |
| 2023-02-01 | 0.058 | 0.240166 |
| 2022-12-16 | 0.076 | 0.321557 |
| 2022-12-01 | 0.065 | 0.277304 |
| 2022-11-01 | 0.062 | 0.274884 |
| 2022-10-03 | 0.061 | 0.267720 |
| 2022-09-01 | 0.067 | 0.283418 |
| 2022-07-01 | 0.057 | 0.240405 |
| 2022-06-01 | 0.039 | 0.161692 |
| 2022-05-02 | 0.046 | 0.192630 |
| 2022-04-01 | 0.056 | 0.226263 |
| 2022-03-01 | 0.045 | 0.174486 |
| 2022-02-01 | 0.090 | 0.346154 |
| 2021-12-01 | 0.059 | 0.220231 |
| 2021-10-29 | 0.052 | 0.195968 |
| 2021-09-30 | 0.053 | 0.198725 |
| 2021-08-31 | 0.051 | 0.188784 |
| 2021-07-30 | 0.052 | 0.192024 |
| 2021-06-30 | 0.059 | 0.219698 |
| 2021-05-28 | 0.048 | 0.179406 |
| 2021-04-30 | 0.049 | 0.184038 |
| 2021-03-31 | 0.061 | 0.231895 |
| 2021-02-26 | 0.045 | 0.171657 |
| 2021-01-29 | 0.065 | 0.244315 |
| 2020-12-30 | 0.043 | 0.163126 |
| 2020-11-30 | 0.047 | 0.180492 |
| 2020-10-30 | 0.049 | 0.191931 |
| 2020-09-30 | 0.041 | 0.160313 |
| 2020-08-31 | 0.044 | 0.172077 |
| 2020-07-31 | 0.042 | 0.163679 |
| 2020-06-30 | 0.046 | 0.182142 |
| 2020-05-29 | 0.041 | 0.164362 |
| 2020-04-30 | 0.053 | 0.218152 |
| 2020-03-31 | 0.050 | 0.202470 |
| 2020-02-28 | 0.045 | 0.172811 |
| 2020-01-31 | 0.050 | 0.194009 |
| 2019-12-30 | 0.047 | 0.185185 |
| 2019-11-29 | 0.037 | 0.145842 |
| 2019-10-31 | 0.057 | 0.223005 |
| 2019-09-30 | 0.044 | 0.172110 |
| 2019-08-30 | 0.053 | 0.205148 |
| 2019-07-31 | 0.061 | 0.239169 |
| 2019-06-28 | 0.042 | 0.165746 |
| 2019-05-31 | 0.127 | 0.501778 |
| 2019-04-30 | 0.049 | 0.196078 |
| 2019-03-29 | 0.060 | 0.240481 |
| 2019-02-28 | 0.050 | 0.203046 |
| 2019-01-31 | 0.061 | 0.248827 |
| 2018-12-28 | 0.052 | 0.213071 |
| 2018-11-30 | 0.052 | 0.216216 |
| 2018-10-31 | 0.057 | 0.236426 |
| 2018-09-28 | 0.046 | 0.188912 |
| 2018-08-31 | 0.053 | 0.216221 |
| 2018-07-31 | 0.050 | 0.205255 |
| 2018-06-29 | 0.046 | 0.188834 |
| 2018-05-31 | 0.057 | 0.233990 |
| 2018-04-30 | 0.041 | 0.167142 |
| 2018-03-29 | 0.049 | 0.199755 |
| 2018-02-28 | 0.038 | 0.154976 |
| 2018-01-31 | 0.047 | 0.188000 |
| 2017-12-28 | 0.038 | 0.152244 |
| 2017-11-30 | 0.032 | 0.128980 |
| 2017-10-31 | 0.016 | 0.064051 |
| Attribute | Value |
|---|---|
| All Time High | 28.34 |
| All Time Low | 22.41 |
| Ask | 24.87 |
| Ask Size | 8,500 |
| Average Daily Volume10 Day | 622,650 |
| Average Daily Volume3 Month | 706,632 |
| Average Volume | 706,632 |
| Average Volume10Days | 622,650 |
| Beta3 Year | 0.9 |
| Bid | 24.52 |
| Bid Size | 6,300 |
| Category | High Yield Muni |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 24.6 |
| Day Low | 24.53 |
| Dividend Yield | 3.96 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 24.8348 |
| Fifty Day Average Change | -0.2947998 |
| Fifty Day Average Change Percent | -0.011870432 |
| Fifty Two Week Change Percent | 2.0348787 |
| Fifty Two Week High | 25.46 |
| Fifty Two Week High Change | -0.91999817 |
| Fifty Two Week High Change Percent | -0.036135044 |
| Fifty Two Week Low | 24.05 |
| Fifty Two Week Low Change | 0.49000168 |
| Fifty Two Week Low Change Percent | 0.02037429 |
| Fifty Two Week Range | 24.05 - 25.46 |
| First Trade Date Milliseconds | 1,505,395,800,000 |
| Five Year Average Return | 0.0171462 |
| Full Exchange Name | NYSEArca |
| Fullday Change | -0.0299988 |
| Fullday Change Percent | -0.122095 |
| Fullday Price | 24.54 |
| Fund Family | Franklin Templeton Investments |
| Fund Inception Date | 1,504,137,600 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | 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. |
| Long Name | Franklin Dynamic Municipal Bond ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_530008835 |
| Nav Price | 24.58613 |
| Net Assets | 2,323,228,160.0 |
| Net Expense Ratio | 0.3 |
| Open | 24.58 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 24.54 |
| Post Market Time | 1,787,961,408 |
| Previous Close | 24.57 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.0299988 |
| Regular Market Change Percent | -0.122095 |
| Regular Market Day High | 24.6 |
| Regular Market Day Low | 24.53 |
| Regular Market Day Range | 24.53 - 24.6 |
| Regular Market Open | 24.58 |
| Regular Market Previous Close | 24.57 |
| Regular Market Price | 24.54 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 764,535 |
| Short Name | Franklin Dynamic Municipal Bond |
| Source Interval | 15 |
| Symbol | FLMI |
| Three Year Average Return | 0.056499902 |
| Total Assets | 2,323,228,160 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -0.37439 |
| Trailing Three Month Returns | -0.37439 |
| Triggerable | 1 |
| Two Hundred Day Average | 24.943275 |
| Two Hundred Day Average Change | -0.40327454 |
| Two Hundred Day Average Change Percent | -0.016167665 |
| Type Disp | ETF |
| Volume | 764,535 |
| Yield | 0.0396 |
| Ytd Return | 0.99741 |