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ETFs

Franklin Municipal Green Bond ETF

FLMB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 31 2017
Expense Ratio
0.30%
Type
US Bonds
Fund Owner
Franklin Templeton
Volume (1m avg. daily)
$125,828
AUM
$107,489,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
CALIFORNIA CMNTY CHOICE FING A
3.35%
n/a
CALIFORNIA ST MUNI FIN AUTH ST
2.97%
n/a
INTERMOUNTAIN PWR AGY UT PWR S
2.92%
n/a
CALIFORNIA ST INFRASTRUCTURE
2.86%
n/a
CNTRL VLY WTR RECLAMATION FAC
2.58%
n/a
CALIFORNIA CMNTY CHOICE FING A
2.37%
n/a
PORT OF PORTLAND OR ARPT REVEN
2.19%
n/a
CALIFORNIA CMNTY CHOICE FING A
1.90%
n/a
VERMONT ST EDUCTNL HLTH BLDG
1.87%
n/a
MET TRANSPRTN AUTH NY REVENUE
1.87%
Invest with FLMB

What is FLMB?

The fund seeks to provides exposure to municipal securities that intend to use bond proceeds for projects and programs that promote environmental sustainability. It seeks to maximize income exempt from federal income taxes by investing municipal green bonds.

ETFs related toFLMB

ETFs correlated to FLMB include SCMB, JMUB, MMIN

FLMB
Franklin Templeton ETF Trust - Franklin Municipal Green Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
MMIT
IndexIQ Active ETF Trust - IQ MacKay Municipal Intermediate ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
TAXF
American Century ETF Trust - American Century Diversified Municipal Bond ETF
FMB
First Trust Exchange-Traded Fund III - First Trust Managed Municipal ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

FLMB is a US Bonds ETF. The fund seeks to provides exposure to municipal securities that intend to use bond proceeds for projects and programs that promote environmental sustainability. It seeks to maximize income exempt from federal income taxes by investing municipal green bonds.

Yes, FLMB is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FLMB is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FLMB is -0.0188%. This is the percent change in the value of FLMB over the most recent 1-month period. The 3-month return on FLMB is -0.038%. This is the percent change in the value of FLMB over the most recent 3-month period.

The standard deviation of FLMB for the past year is 0.0543%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FLMB include SUB, HYD, and MUB.

ETFs correlated to FLMB include SCMB, JMUB, and MMIN.

ETFs that are inversely correlated to FLMB include TBT, TTT, and TMV.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.