FLMI

Franklin Dynamic Municipal Bond ETF

$24.85

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The Franklin Dynamic Municipal Bond ETF seeks to provide a high level of current income that is generally exempt from federal income taxes.

Overview

ETF tracking Franklin Dynamic Municipal Bond ETF

Category Municipal Bonds

Issuer Other

Inception Date 2017-09-05

Market Cap $954.2M

Average Volume N/A

Dividend Yield 3.33%

52-Week Range $23.57 - $25.06

VWAP $24.89

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Franklin Dynamic Municipal Bond ETF seeks to provide a high level of current income that is generally exempt from federal income taxes.

🎯 Investment Strategy

The fund invests primarily in municipal bonds and other municipal securities. The portfolio managers use an active, research-driven investment approach to identify securities they believe offer the best potential for income generation and capital appreciation.

✨ Key Features

Actively managed municipal bond fund focused on generating tax-exempt income
Diversified portfolio of municipal securities across sectors and credit qualities
Seeks to provide a high level of current income exempt from federal taxes
Experienced portfolio management team with a research-driven investment process

⚠️ Primary Risks

Interest rate risk as bond prices may decline when interest rates rise
Credit risk if the financial condition of the bond issuer deteriorates
Liquidity risk if certain municipal securities become difficult to trade
Tax risk if the tax-exempt status of municipal securities is changed

👤 Best For

The Franklin Dynamic Municipal Bond ETF may be suitable for investors seeking a source of tax-exempt income and willing to accept the risks associated with municipal bond investments. It may be most appropriate for investors with a medium-term investment horizon and a moderate risk tolerance.