(FLMI) Dynamic Municipal Bond - NYSE

ETF Category: High Yield Muni | Exchange: NYSE (USA) | Market Cap: 2.200m USD | Total Return: 7.7% in 12m

Municipal Bonds, Debt Securities, Fixed Income
Total Rating 61
Safety 84
Buy Signal 0.22
High Yield Muni
Category Rotation: -1.2
TER: 0.30%
AUM: 2.20B
Avg Turnover: 21.6M
Risk 3d forecast
Volatility2.45%
VaR 5th Pctl0.41%
VaR vs Median-6.91%
Reward TTM
Sharpe Ratio1.20
Rel. Str. IBD34.9
Rel. Str. Peer Group21.4
Character TTM
Beta0.062
Beta Downside0.034
Hurst Exponent0.638
Drawdowns 3y
Max DD5.31%
CAGR/Max DD1.11
CAGR/Mean DD6.19

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Seasonality

Coming soon
Description: FLMI Dynamic Municipal Bond

The Franklin Dynamic Municipal Bond ETF (FLMI) focuses on providing tax-exempt income by investing primarily in municipal securities. Under normal conditions, the fund allocates at least 80% of its net assets to bonds where interest is exempt from federal income taxes and the federal alternative minimum tax (AMT). Up to 20% of the portfolio may be held in securities subject to the AMT or other federal and state taxes.

Municipal bonds are debt obligations issued by states, cities, or counties to fund public projects such as schools, highways, and water systems. The high-yield municipal sector typically involves non-rated or lower-rated debt, which offers higher interest rates to compensate for increased credit risk compared to investment-grade issues. This business model relies on the historical stability of public infrastructure funding and the federal tax advantages granted to local government debt.

Investors can evaluate the specific credit quality and duration of these holdings on ValueRay to better understand portfolio risk. This ETF provides a method for investors to seek tax-efficient yields within the mid-cap fixed-income space.

Headlines to Watch Out For
  • Fed interest rate policy shifts impact underlying bond valuations
  • Municipal credit spreads widen during periods of economic volatility
  • Tax-exempt status demand fluctuates with changes in federal tax brackets
  • High-yield municipal sector performance drives active management alpha potential
What is the price of FLMI shares?

As of June 29, 2026, the stock is trading at USD 25.13 with a total of 479,646 shares traded. Over the past week, the price has changed by +0.24%, over one month by +0.77%, over three months by +2.73% and over the past year by +7.74%.

Current recommended Stop Loss: 25.00 (which is 0.5% or 1.9 ATR below the current price).

Is FLMI a buy, sell or hold?

Dynamic Municipal Bond has no consensus analysts rating.