FLMIvsFTCAETF Comparison
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Franklin Dynamic Municipal Bond ETF (FLMI) and Franklin California Municipal Income ETF (FTCA) belong to the same industry segment: Municipal Bonds. FLMI's top 3 sector exposures are Municipal, Consumer Services and Healthcare. In contrast, FTCA's top sector exposures are Municipal. FLMI is less expensive with a Total Expense Ratio (TER) of 0.3%, versus 0.35% for FTCA. FLMI is down -3.16% year-to-date (YTD) with +$1.13B in YTD flows. FTCA performs worse with -3.77% YTD performance, and +$160M in YTD flows. Run a side-by-side ETF comparison of FLMI and FTCA 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 FTCA 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 FTCA | +1.21%+0.63% | -2.59%-3.45% | -3.16%-3.77% | -3.27%-3.91% | +15.37%n/a | +0.32%n/a |
| Flows | FLMI FTCA | +$30M+$163M | +$164M+$180M | +$1.13B+$160M | +$1.42B+$746M | +$2.32B- | +$2.40B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLMI FTCA | +6.05%+6.53% | +3.83%+4.13% | +3.94%n/a | +3.85%n/a |
| Max drawdown | FLMI FTCA | -6.74%-7.32% | -8.90%-9.02% | -8.90%n/a | -16.26%n/a |
| Max drawdown duration | FLMI FTCA | 71d71d | 236d236d | 236dn/a | 1340dn/a |
Trading data
FLMI | FTCA | |
Last sale 10/23/2026 at 1:30 PM | $23.93 | $7.01 |
| Previous close 10/22/2026 | $23.89 | $7.00 |
| 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 | FTCA | |
|---|---|---|
| Last price | $23.93 | $7.01 |
| 1D performance | +0.17% | +0.14% |
| AuM | $2.38 B | $723.38 M |
| E/R | 0.3% | 0.35% |
Characteristics
FLMI | FTCA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 214 | 62 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 31, 2017 | October 24, 2025 |
| ESG | No | No |
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Exposure
Countries
FLMI
USA
38.36%
Other
61.64%
FTCA
USA
36.47%
Other
63.53%
Sectors
FLMI
Municipal
38.03%
Other
61.97%
FTCA
Municipal
36.47%
Other
63.53%
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Diversification
FLMI
Total weight of top 15 holdings out of 15
19.5%
FTCA
Total weight of top 15 holdings out of 15
19.13%
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%
FTCA
California Pollution Control Financing Authority, 5% 21nov2045, USD
1.79%
US30309HAA59
1.67%
Chabot-Las Positas Community College District, 5.25% 1aug2048, USD (2016)
1.33%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024E)
1.31%
San Francisco Public Utilities Commission, 5% 1nov2053, USD (2023)
1.30%
US79728FLL30
1.29%
MSR Energy Authority, 6.5% 1nov2039, USD (2009A)
1.28%
Los Angeles Department of Water and Power, 5% 1jul2046, USD (2022)
1.28%
California Municipal Finance Authority, 4.2% 1aug2040, USD (2024)
1.26%
California Municipal Finance Authority, 3% 15may2051, USD
1.21%
Sweetwater Union High District, 5% 1aug2052, USD (2018)
1.19%
US130493CL10
1.07%
California, 5% 1oct2045, USD
1.07%
US13048VG510
1.05%
Alameda Corridor Transportation Authority, 0% 1oct2049, USD (2022A, 9941D)
1.04%
Frequently asked questions about FLMI and FTCA
How have the FLMI and FTCA ETFs performed in 2026?
As of October 23, 2026, FLMI is down -3.16% year-to-date (YTD), while FTCA has lost -3.77%. That puts FLMI better performer ahead so far this year.
Which ETF is attracting more investor money: FLMI or FTCA?
Year-to-date, the FLMI ETF saw +$1.13B in flows, compared to +$160M for FTCA.
Which ETF is more volatile: FLMI or FTCA?
Over the past year, FLMI had a volatility of 3.83%, while FTCA experienced 4.13%.
Which ETF is bigger: FLMI or FTCA?
As of October 23, 2026, FLMI holds $2.38 B in assets under management (AUM), while FTCA manages $723.38 M.
What sectors do the FLMI and FTCA ETFs invest in?
FLMI leans toward sectors like Municipal. Meanwhile, FTCA focuses on Municipal.
What are the top holdings of the FLMI ETF and FTCA 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). FTCA holds in its top three: California Pollution Control Financing Authority, 5% 21nov2045, USD, US30309HAA59 and Chabot-Las Positas Community College District, 5.25% 1aug2048, USD (2016).
Which ETF is more diversified: FLMI or FTCA?
FLMI holds 1414 securities with 19.5% of its assets in the top 15. FTCA has 288 securities and a top 15 weight of 19.13%.
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Latest news about FLMI & FTCA
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