FLMBvsFECMETF Comparison
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Franklin Municipal Green Bond ETF (FLMB) belongs to the Green Bonds segment. First Eagle Core Municipal ETF (FECM) is part of the Municipal Bonds segment. FLMB's top 1 sector exposures are Municipal. In contrast, FECM's top sector exposures are Municipal and Non-Corporate. FLMB is more expensive with a Total Expense Ratio (TER) of 0.3%, versus 0.25% for FECM. Run a side-by-side ETF comparison of FLMB and FECM 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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FLMB vs FECM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLMB FECM | -1.59%-0.63% | -3.71%n/a | -2.55%n/a | +1.17%n/a | +7.33%n/a | -6.85%n/a |
| Flows | FLMB FECM | -$4M- | -$10M- | -$20M- | -$19M- | -$38M- | -$42M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLMB FECM | +3.76%n/a | +3.32%n/a | +4.71%n/a | +4.66%n/a |
| Max drawdown | FLMB FECM | -4.26%n/a | -4.83%n/a | -6.80%n/a | -19.53%n/a |
| Max drawdown duration | FLMB FECM | 66dn/a | 187dn/a | 282dn/a | 1809dn/a |
Trading data
FLMB | FECM | |
Last sale 9/4/2026 at 1:30 PM | $23.03 | $24.51 |
| Previous close 09/04/2026 | $23.04 | $24.50 |
| Consolidated volume 09/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/4/2026 at 1:30 PM
Live
Closed
FLMB | FECM | |
|---|---|---|
| Last price | $23.03 | $24.51 |
| 1D performance | -0.04% | +0.04% |
| AuM | $70.31 M | $15.31 M |
| E/R | 0.3% | 0.25% |
Characteristics
FLMB | FECM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | First Eagle Investments |
| Benchmark | - | - |
| N° of holdings | 27 | 49 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 31, 2017 | July 1, 2026 |
| ESG | Yes | No |
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Exposure
Countries
FLMB
USA
35.22%
Other
64.78%
FECM
USA
40.18%
Other
59.82%
Sectors
FLMB
Municipal
35.22%
Other
64.78%
FECM
Municipal
33.69%
Other
66.31%
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Diversification
FLMB
Total weight of top 15 holdings out of 15
50.44%
FECM
Total weight of top 15 holdings out of 15
31.69%
Top 15 holdings
Data as of July 31, 2026
FLMB
US13013JDB98
4.96%
US13049YFL02
4.63%
US13013JCM62
4.49%
US45203NAV10
4.17%
US45884AB937
4.16%
Central Valley Water Reclamation Facility, 4% 1mar2047, USD (2021C)
3.87%
Atlanta Airport, 5.25% 1jul2043, USD (2023E)
3.33%
US7352403K70
3.12%
San Diego Regional Airport Authority, 5% 1jul2051, USD (2021B)
3.09%
US924166JC65
2.70%
US57422JBY38
2.69%
US155048EG20
2.55%
American Municipal Power Inc., 5% 15feb2044, USD (2019A)
2.30%
New York Liberty Development Corp., 2.5% 15nov2036, USD (2021A)
2.24%
US650360AD27
2.14%
FECM
JPMorgan U.S. Government Money Market Fund
6.49%
US932423XQ48
2.40%
US759831CZ11
2.16%
New York Dormitory Authority, 5% 15feb2037, USD (2016A)
1.99%
US20775DX645
1.96%
US45204F3W38
1.95%
US248866M693
1.93%
New Jersey Transportation Trust Fund Authority, 5% 15jun2045, USD
1.93%
US490229AR23
1.67%
US34073XKE75
1.67%
San Jose (CA), 5% 1mar2047, USD (2017A)
1.64%
US483270HS69
1.51%
New York Dormitory Authority, 3.25% 1jul2034, USD
1.49%
US71883MPY48
1.46%
Illinois Toll Highway Authority, 5% 1jan2041, USD
1.45%
Frequently asked questions about FLMB and FECM
Which ETF is bigger: FLMB or FECM?
As of September 4, 2026, FLMB holds $70.31 M in assets under management (AUM), while FECM manages $15.31 M.
What sectors do the FLMB and FECM ETFs invest in?
FLMB leans toward sectors like Municipal. Meanwhile, FECM focuses on Municipal.
What are the top holdings of the FLMB ETF and FECM ETF?
FLMB top holdings include US13013JDB98, US13049YFL02 and US13013JCM62. FECM holds in its top three: JPMorgan U.S. Government Money Market Fund, US932423XQ48 and US759831CZ11.
Which ETF is more diversified: FLMB or FECM?
FLMB holds 78 securities with 50.44% of its assets in the top 15. FECM has 127 securities and a top 15 weight of 31.69%.
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