FLMIvsCGMUETF Comparison
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Franklin Dynamic Municipal Bond ETF (FLMI) and Capital Group Municipal Income ETF (CGMU) belong to the same industry segment: Municipal Bonds. FLMI's top 3 sector exposures are Municipal, Consumer Services and Healthcare. In contrast, CGMU's top sector exposures are Municipal. FLMI is more expensive with a Total Expense Ratio (TER) of 0.3%, versus 0.27% for CGMU. FLMI is down -3.16% year-to-date (YTD) with +$1.13B in YTD flows. CGMU performs better with -0.48% YTD performance, and +$2.77B in YTD flows. Run a side-by-side ETF comparison of FLMI and CGMU 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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FLMI vs CGMU performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLMI CGMU | +1.21%+0.77% | -2.59%-1.39% | -3.16%-0.48% | -3.27%+0.00% | +15.37%+15.46% | +0.32%n/a |
| Flows | FLMI CGMU | +$30M+$581M | +$164M+$1.12B | +$1.13B+$2.77B | +$1.42B+$3.27B | +$2.32B+$7.19B | +$2.40B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLMI CGMU | +6.05%+4.53% | +3.83%+2.83% | +3.94%+3.17% | +3.85%n/a |
| Max drawdown | FLMI CGMU | -6.74%-4.83% | -8.90%-5.69% | -8.90%-5.69% | -16.26%n/a |
| Max drawdown duration | FLMI CGMU | 71d70d | 236d235d | 236d235d | 1340dn/a |
Trading data
FLMI | CGMU | |
Last sale 10/23/2026 at 1:30 PM | $23.93 | $26.62 |
| Previous close 10/22/2026 | $23.89 | $26.58 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
FLMI | CGMU | |
|---|---|---|
| Last price | $23.93 | $26.62 |
| 1D performance | +0.17% | +0.15% |
| AuM | $2.38 B | $7.38 B |
| E/R | 0.3% | 0.27% |
Characteristics
FLMI | CGMU | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | Capital Group |
| Benchmark | - | - |
| N° of holdings | 214 | 639 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 31, 2017 | October 25, 2022 |
| ESG | No | No |
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Exposure
Countries
FLMI
USA
38.36%
Other
61.64%
CGMU
USA
38.11%
Other
61.89%
Sectors
FLMI
Municipal
38.03%
Other
61.97%
CGMU
Municipal
38.11%
Other
61.89%
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Diversification
FLMI
Total weight of top 15 holdings out of 15
19.5%
CGMU
Total weight of top 15 holdings out of 15
6.67%
Top 15 holdings
Data as of August 31, 2026
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%
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%
Puerto Rico, FRN 1nov2051, USD
0.31%
US19648FJ963
0.31%
Frequently asked questions about FLMI and CGMU
How have the FLMI and CGMU ETFs performed in 2026?
As of October 23, 2026, FLMI is down -3.16% year-to-date (YTD), while CGMU has lost -0.48%. That puts CGMU better performer ahead so far this year.
Which ETF is attracting more investor money: FLMI or CGMU?
Year-to-date, the FLMI ETF saw +$1.13B in flows, compared to +$2.77B for CGMU.
Which ETF is more volatile: FLMI or CGMU?
Over the past year, FLMI had a volatility of 3.83%, while CGMU experienced 2.83%.
Which ETF is bigger: FLMI or CGMU?
As of October 23, 2026, FLMI holds $2.38 B in assets under management (AUM), while CGMU manages $7.38 B.
What sectors do the FLMI and CGMU ETFs invest in?
FLMI leans toward sectors like Municipal. Meanwhile, CGMU focuses on Municipal.
What are the top holdings of the FLMI ETF and CGMU ETF?
FLMI top holdings include 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). CGMU holds in its top three: 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).
Which ETF is more diversified: FLMI or CGMU?
FLMI holds 1414 securities with 19.5% of its assets in the top 15. CGMU has 2314 securities and a top 15 weight of 6.67%.
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Latest news about FLMI & CGMU
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