# Franklin Dynamic Municipal Bond ETF (FLMI) — Overview

FLMI · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/flmi

## Price

Last close $23.61 on Oct 15, 2026. 52-week range $23.13 – $25.45.

## Fund profile

FLMI is an actively managed fund that invests in municipal bonds of any credit quality. The portfolio manager seeks dollar-weighted average maturity of three to ten years.

| Metric | Value |
| --- | --- |
| Issuer | Franklin Advisers, Inc. |
| Industry | — |
| Inception | Aug 31, 2017 |
| Assets under management | $2.3B |
| Expense ratio | 0.30% |
| Net asset value | $23.39 (as of Oct 14, 2026) |
| Distributions | Monthly |
| Leverage | 1x |

## Frequently Asked Questions

### What is Franklin Dynamic Municipal Bond ETF (FLMI)?

FLMI is an actively managed fund that invests in municipal bonds of any credit quality. The portfolio manager seeks dollar-weighted average maturity of three to ten years.

### What is FLMI's expense ratio?

Franklin Dynamic Municipal Bond ETF charges an annual expense ratio of 0.30%. The fund is issued by Franklin Advisers, Inc..

### How large is FLMI?

Franklin Dynamic Municipal Bond ETF manages $2.3B in assets and has traded since Aug 31, 2017.

### How do I buy shares of Franklin Dynamic Municipal Bond ETF (FLMI)?

FLMI trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).