FLMB

Franklin Municipal Green Bond ETF

$23.82

+0.00%

Market closed. Last update: 10:52 PM ET

📎 Investment Objective

The Franklin Municipal Green Bond ETF (FLMB) seeks to provide current income that is generally exempt from federal income taxes, while investing in municipal bonds that finance environmentally-friendly projects.

Overview

ETF tracking Franklin Municipal Green Bond ETF

Category Municipal Bonds

Issuer Other

Inception Date 2017-09-05

Market Cap $90.5M

Average Volume N/A

Dividend Yield 3.24%

52-Week Range $22.55 - $24.42

VWAP $23.86

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests primarily in municipal bonds that are designated as 'green bonds', meaning the proceeds are used to finance projects with environmental benefits such as renewable energy, energy efficiency, sustainable water management, and pollution prevention. The fund's portfolio is actively managed to maintain a high-quality, intermediate-term municipal bond portfolio.

✨ Key Features

Focuses on municipal 'green bonds' that finance environmentally-friendly projects
Actively managed portfolio of high-quality, intermediate-term municipal bonds
Aims to provide federal tax-exempt income
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk as bond prices may decline when interest rates rise
Credit risk if the financial condition of municipal bond issuers deteriorates
Liquidity risk if certain municipal bonds become difficult to trade
Concentration risk as the fund is focused on a specific sector of the municipal bond market

👤 Best For

This ETF may be suitable for investors seeking federal tax-exempt income and exposure to environmentally-focused municipal bonds as part of a diversified fixed income allocation. It may be most appropriate for investors with a moderate risk tolerance and a medium-term investment horizon.