CGMUvsFLMIETF Comparison
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Capital Group Municipal Income ETF (CGMU) and Franklin Dynamic Municipal Bond ETF (FLMI) belong to the same industry segment: Municipal Bonds. CGMU's top 1 sector exposures are Municipal. In contrast, FLMI's top sector exposures are Municipal, Consumer Services and Healthcare. CGMU is less expensive with a Total Expense Ratio (TER) of 0.27%, versus 0.3% for FLMI. CGMU is down -1.36% year-to-date (YTD) with +$2.64B in YTD flows. FLMI performs worse with -4.5% YTD performance, and +$1.09B in YTD flows. Run a side-by-side ETF comparison of CGMU and FLMI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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CGMU vs FLMI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CGMU FLMI | -0.28%-1.00% | -2.91%-5.20% | -1.36%-4.50% | -0.49%-4.32% | +13.41%+12.42% | n/a-1.40% |
| Flows | CGMU FLMI | +$514M-$38M | +$1.03B+$143M | +$2.64B+$1.09B | +$3.20B+$1.40B | +$7.09B+$2.28B | -+$2.36B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CGMU FLMI | +4.29%+5.82% | +2.74%+3.69% | +3.16%+3.92% | n/a+3.82% |
| Max drawdown | CGMU FLMI | -5.06%-7.22% | -5.69%-8.90% | -5.69%-8.90% | n/a-16.26% |
| Max drawdown duration | CGMU FLMI | 92d92d | 228d229d | 228d229d | n/a1340d |
Trading data
CGMU | FLMI | |
Last sale 10/16/2026 at 1:30 PM | $26.36 | $23.62 |
| Previous close 10/15/2026 | $26.35 | $23.61 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
CGMU | FLMI | |
|---|---|---|
| Last price | $26.36 | $23.62 |
| 1D performance | +0.04% | +0.04% |
| AuM | $7.19 B | $2.31 B |
| E/R | 0.27% | 0.3% |
Characteristics
CGMU | FLMI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Capital Group | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 639 | 214 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 25, 2022 | August 31, 2017 |
| ESG | No | No |
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Exposure
Countries
CGMU
USA
38.11%
Other
61.89%
FLMI
USA
38.36%
Other
61.64%
Sectors
CGMU
Municipal
38.11%
Other
61.89%
FLMI
Municipal
38.03%
Other
61.97%
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Diversification
CGMU
Total weight of top 15 holdings out of 15
6.67%
FLMI
Total weight of top 15 holdings out of 15
19.5%
Top 15 holdings
Data as of August 31, 2026
CGMU
Puerto Rico, FRN 1nov2043, USD
0.76%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.64%
Black Belt Energy Gas District, 5.25% 1jun2036, USD (2026)
0.58%
US771902HN68
0.54%
City of New York, 9% 15aug2015, USD
0.52%
US09182TLC98
0.48%
California Community Choice Financing Authority, 5% 1jun2036, USD (2026F)
0.42%
Black Belt Energy Gas District, 5% 1jul2033, USD (2026)
0.41%
US57421CLT98
0.37%
US13034A7F19
0.36%
Texas Municipal Gas Acquisition and Supply Corp., 5.25% 1mar2037, USD (2026A)
0.34%
New Jersey Health Care Facilities Financing Authority, 5% 1jul2029, USD (2026A)
0.32%
US89602RKE44
0.31%
US19648FJ963
0.31%
Black Belt Energy Gas District, 5% 1jun2036, USD (2026)
0.31%
FLMI
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
2.08%
Southeast Energy Authority, 5% 1nov2035, USD (2024A)
1.67%
Kentucky Public Energy Authority, 5% 1may2036, USD (2025)
1.66%
Southeast Energy Authority, 5% 1jan2056, USD (2025A)
1.56%
California Community Choice Financing Authority, 5% 1mar2036, USD (2026B)
1.53%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
1.51%
US09182TGL52
1.44%
Kentucky Public Energy Authority, 5% 1jun2034, USD (2026)
1.33%
US592250EW01
1.21%
US771902HS55
1.09%
Texas Municipal Gas Acquisition and Supply Corp., 5% 1apr2036, USD (2026)
0.96%
US292723DZ39
0.93%
US717901CC45
0.89%
US60637AFM99
0.85%
Southeast Energy Authority, 5% 1nov2035, USD (2025H)
0.80%
Frequently asked questions about CGMU and FLMI
How have the CGMU and FLMI ETFs performed in 2026?
As of October 15, 2026, CGMU is down -1.36% year-to-date (YTD), while FLMI has lost -4.5%. That puts CGMU better performer ahead so far this year.
Which ETF is attracting more investor money: CGMU or FLMI?
Year-to-date, the CGMU ETF saw +$2.64B in flows, compared to +$1.09B for FLMI.
Which ETF is more volatile: CGMU or FLMI?
Over the past year, CGMU had a volatility of 2.74%, while FLMI experienced 3.69%.
Which ETF is bigger: CGMU or FLMI?
As of October 15, 2026, CGMU holds $7.19 B in assets under management (AUM), while FLMI manages $2.31 B.
What sectors do the CGMU and FLMI ETFs invest in?
CGMU leans toward sectors like Municipal. Meanwhile, FLMI focuses on Municipal.
What are the top holdings of the CGMU ETF and FLMI ETF?
CGMU top holdings include Puerto Rico, FRN 1nov2043, USD, Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD and Black Belt Energy Gas District, 5.25% 1jun2036, USD (2026). FLMI holds in its top three: Black Belt Energy Gas District, 5% 1oct2035, USD (2025), Southeast Energy Authority, 5% 1nov2035, USD (2024A) and Kentucky Public Energy Authority, 5% 1may2036, USD (2025).
Which ETF is more diversified: CGMU or FLMI?
CGMU holds 2314 securities with 6.67% of its assets in the top 15. FLMI has 1414 securities and a top 15 weight of 19.5%.
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Latest news about CGMU & FLMI
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