Franklin Dynamic Municipal Bond ETF

Frequently Asked Questions About FLMI

What does FLMI invest in?

The main goal of this ETF is to deliver a significant amount of ongoing income, structured in a way that these earnings are not subject to ordinary federal income taxes.

What is the expense ratio of FLMI?

Franklin Dynamic Municipal Bond ETF (FLMI) charges an expense ratio of 0.30%. This is the annual fee deducted from fund assets to cover management and operations.

What is FLMI's dividend yield?

FLMI's trailing-twelve-month yield is 4.15%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of FLMI?

Effective duration measures FLMI's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FLMI's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of FLMI?

FLMI's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of FLMI?

Yield to maturity (YTM) is the total return you'd earn from FLMI if every bond in the portfolio is held to maturity at the current price. FLMI's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.