FLMBvsTAXFETF Comparison
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Franklin Municipal Green Bond ETF (FLMB) belongs to the Green Bonds segment. American Century Diversified Municipal Bond ETF (TAXF) is part of the Municipal Bonds segment. Both ETFs have the same top 1 sector exposures: Municipal. FLMB is more expensive with a Total Expense Ratio (TER) of 0.3%, versus 0.25% for TAXF. FLMB is down -5.76% year-to-date (YTD) with -$36M in YTD flows. TAXF performs better with -1.82% YTD performance, and +$186M in YTD flows. Run a side-by-side ETF comparison of FLMB and TAXF 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 TAXF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/21/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLMB TAXF | -1.42%-0.42% | -5.77%-3.44% | -5.76%-1.82% | -6.23%-1.32% | +9.46%+13.42% | -8.44%+2.30% |
| Flows | FLMB TAXF | -$16M+$31M | -$19M+$48M | -$36M+$186M | -$35M+$219M | -$54M+$386M | -$52M+$580M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLMB TAXF | +6.84%+5.55% | +4.30%+3.45% | +4.83%+3.91% | +4.86%+3.88% |
| Max drawdown | FLMB TAXF | -8.25%-6.08% | -10.38%-6.91% | -10.38%-6.91% | -19.00%-13.26% |
| Max drawdown duration | FLMB TAXF | 92d69d | 234d108d | 234d108d | 1752d1001d |
Trading data
FLMB | TAXF | |
Last sale 10/22/2026 at 1:30 PM | $22.52 | $48.45 |
| Previous close 10/21/2026 | $22.32 | $48.09 |
| Consolidated volume 10/21/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/22/2026 at 1:30 PM
Live
Closed
FLMB | TAXF | |
|---|---|---|
| Last price | $22.52 | $48.45 |
| 1D performance | +0.90% | +0.75% |
| AuM | $52.39 M | $705.91 M |
| E/R | 0.3% | 0.25% |
Characteristics
FLMB | TAXF | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | American Century Investments |
| Benchmark | - | - |
| N° of holdings | 25 | 244 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 31, 2017 | September 10, 2018 |
| ESG | Yes | No |
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Exposure
Countries
FLMB
USA
34.8%
Other
65.2%
TAXF
USA
35.49%
Other
64.51%
Sectors
FLMB
Municipal
34.8%
Other
65.2%
TAXF
Municipal
35.49%
Other
64.51%
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Diversification
FLMB
Total weight of top 15 holdings out of 15
53.21%
TAXF
Total weight of top 15 holdings out of 15
8.47%
Top 15 holdings
Data as of August 31, 2026
FLMB
US13013JDB98
5.24%
US13049YFL02
4.85%
US13013JCM62
4.76%
US45203NAV10
4.40%
US45884AB937
4.38%
Central Valley Water Reclamation Facility, 4% 1mar2047, USD (2021C)
4.14%
Atlanta Airport, 5.25% 1jul2043, USD (2023E)
3.49%
US7352403K70
3.30%
San Diego Regional Airport Authority, 5% 1jul2051, USD (2021B)
3.27%
US924166JC65
2.86%
US57422JBY38
2.83%
US155048EG20
2.71%
American Municipal Power Inc., 5% 15feb2044, USD (2019A)
2.37%
New York Liberty Development Corp., 2.5% 15nov2036, USD (2021A)
2.37%
US650360AD27
2.25%
TAXF
US74442PN840
0.88%
Build NYC Resource Corp., 5.25% 15dec2031, USD (2026B-3)
0.88%
Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A)
0.73%
US60637GRY79
0.65%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.58%
US646080ZU81
0.57%
US452252RA98
0.54%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
0.54%
Southeast Alabama Gas Supply District, FRN 1aug2054, USD (A)
0.54%
US681725PH47
0.46%
Orlando Utilities Commission, 5% 1oct2048, USD (2023A)
0.45%
US74439YBD22
0.44%
US292723AY90
0.41%
US880157EC24
0.40%
Patriots Energy Group Financing Agency, 5.25% 1oct2054, USD (2023A-1)
0.40%
Frequently asked questions about FLMB and TAXF
How have the FLMB and TAXF ETFs performed in 2026?
As of October 21, 2026, FLMB is down -5.76% year-to-date (YTD), while TAXF has lost -1.82%. That puts TAXF better performer ahead so far this year.
Which ETF is attracting more investor money: FLMB or TAXF?
Year-to-date, the FLMB ETF saw -$36M in flows, compared to +$186M for TAXF.
Which ETF is more volatile: FLMB or TAXF?
Over the past year, FLMB had a volatility of 4.3%, while TAXF experienced 3.45%.
Which ETF is bigger: FLMB or TAXF?
As of October 21, 2026, FLMB holds $52.39 M in assets under management (AUM), while TAXF manages $705.91 M.
What sectors do the FLMB and TAXF ETFs invest in?
FLMB leans toward sectors like Municipal. Meanwhile, TAXF focuses on Municipal.
What are the top holdings of the FLMB ETF and TAXF ETF?
FLMB top holdings include US13013JDB98, US13049YFL02 and US13013JCM62. TAXF holds in its top three: US74442PN840, Build NYC Resource Corp., 5.25% 15dec2031, USD (2026B-3) and Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A).
Which ETF is more diversified: FLMB or TAXF?
FLMB holds 75 securities with 53.21% of its assets in the top 15. TAXF has 792 securities and a top 15 weight of 8.47%.
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