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ETFs

Franklin Dynamic Municipal Bond ETF

FLMI
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Aug 31 2017
Expense Ratio
0.30%
Type
US Bonds
Fund Owner
Franklin Templeton
Volume (1m avg. daily)
$964,713
AUM
$126,603,500
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
TENNESSEE ENERGY ACQUISITION C
2.76%
n/a
CALIFORNIA CMNTY CHOICE FING A
2.30%
n/a
CHICAGO IL BRD OF EDU DEDICATE
1.68%
n/a
TENNERGY CORP TN GAS REVENUE
1.61%
n/a
MAIN STREET NATURAL GAS INC GA
1.58%
n/a
NEW YORK ST TRANSPRTN DEV CORP
1.56%
n/a
IOWA ST FIN AUTH MIDWSTRN DISA
1.48%
n/a
Louisiana Loc 3.5 % Bonds 2017-01.11.32 Series 2017
1.46%
n/a
TEXAS ST MUNI GAS ACQUISITION
1.37%
n/a
MONTGOMERY CNTY MD HSG OPPNTYS
1.33%
Invest with FLMI

What is FLMI?

FLMI seeks to provide high levels of income exempt from federal income taxes while maintaining an average maturity of 3-10 years. It provides exposure to municipal securities across entire credit rating spectrum, including below investment grade. Actively managed by an experienced team dedicated to investing in the municipal bond industry

ETFs related toFLMI

ETFs correlated to FLMI include SCMB, TAXF, JMUB

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

FLMI is a US Bonds ETF. FLMI seeks to provide high levels of income exempt from federal income taxes while maintaining an average maturity of 3-10 years. It provides exposure to municipal securities across entire credit rating spectrum, including below investment grade. Actively managed by an experienced team dedicated to investing in the municipal bond industry

Yes, FLMI 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, FLMI 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 FLMI is -0.0131%. This is the percent change in the value of FLMI over the most recent 1-month period. The 3-month return on FLMI is -0.0242%. This is the percent change in the value of FLMI over the most recent 3-month period.

The standard deviation of FLMI for the past year is 0.0471%. 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 FLMI include SUB, HYD, and MUB.

ETFs correlated to FLMI include SCMB, TAXF, and JMUB.

ETFs that are inversely correlated to FLMI include TTT, TBT, 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.