Key stats
About Franklin Dynamic Municipal Bond ETF
Expense ratio
0.30%
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Inception date
Aug 31, 2017
FLMI seeks a high level of current income that is free from federal taxes by targeting the intermediate-term municipal bond market. The portfolio will hold securities of any credit quality, including junk bonds and defaulted securities. Although the fund does not have restrictions on the maturity of the securities it may buy, the fund seeks to maintain a dollar-weighted average portfolio maturity of three to ten years. The fund is also actively managed, meaning it will select components based on the fund advisers judgement, within the funds range of allowable investments. Prior to Jan. 31, 2022, the fund was called Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF.
Classification
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal98.26%
Corporate1.09%
Cash0.51%
Miscellaneous0.14%
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