FLMIvsFTMUETF Comparison
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Franklin Dynamic Municipal Bond ETF (FLMI) and Franklin Municipal Income ETF (FTMU) belong to the same industry segment: Municipal Bonds. FLMI's top 3 sector exposures are Municipal, Consumer Services and Healthcare. In contrast, FTMU's top sector exposures are Municipal. Both FLMI and FTMU have the same Total Expense Ratio (TER) of 0.3%. FLMI is down -3.16% year-to-date (YTD) with +$1.13B in YTD flows. FTMU performs worse with -3.36% YTD performance, and +$35M in YTD flows. Run a side-by-side ETF comparison of FLMI and FTMU 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 FTMU 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 FTMU | +1.21%+0.83% | -2.59%-3.09% | -3.16%-3.36% | -3.27%-3.55% | +15.37%n/a | +0.32%n/a |
| Flows | FLMI FTMU | +$30M+$41M | +$164M+$38M | +$1.13B+$35M | +$1.42B+$509M | +$2.32B- | +$2.40B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLMI FTMU | +6.05%+6.46% | +3.83%+4.17% | +3.94%n/a | +3.85%n/a |
| Max drawdown | FLMI FTMU | -6.74%-7.07% | -8.90%-9.03% | -8.90%n/a | -16.26%n/a |
| Max drawdown duration | FLMI FTMU | 71d87d | 236d236d | 236dn/a | 1340dn/a |
Trading data
FLMI | FTMU | |
Last sale 10/23/2026 at 1:30 PM | $23.93 | $7.52 |
| Previous close 10/22/2026 | $23.89 | $7.48 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
FLMI | FTMU | |
|---|---|---|
| Last price | $23.93 | $7.52 |
| 1D performance | +0.17% | +0.53% |
| AuM | $2.38 B | $488.86 M |
| E/R | 0.3% | 0.3% |
Characteristics
FLMI | FTMU | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 214 | 80 |
| 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%
FTMU
USA
39.82%
Other
60.18%
Sectors
FLMI
Municipal
38.03%
Other
61.97%
FTMU
Municipal
39.82%
Other
60.18%
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Diversification
FLMI
Total weight of top 15 holdings out of 15
19.5%
FTMU
Total weight of top 15 holdings out of 15
19.19%
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%
FTMU
New York Urban Development Corp., 5% 15mar2044, USD (2023A)
2.35%
US969878AB36
1.49%
Metropolitan Washington Airports Authority, 0% 1oct2037, USD (2010A, 9989D)
1.41%
Port of Houston Authority, 5% 1oct2048, USD (2023)
1.32%
Triborough Bridge and Tunnel Authority, 5.25% 15may2057, USD (2022A)
1.29%
US31350ACS50
1.25%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
1.17%
South Carolina Jobs-Economic Development Authority, 5.5% 1nov2054, USD (2024A)
1.16%
US25476FA408
1.15%
New York Thruway Authority, 5% 15mar2054, USD (2022C)
1.15%
US97712D8M13
1.12%
US709224DV89
1.12%
US240471PF32
1.11%
California Community Choice Financing Authority, 5% 1mar2036, USD (2026B)
1.10%
US6446147E39
1.01%
Frequently asked questions about FLMI and FTMU
How have the FLMI and FTMU ETFs performed in 2026?
As of October 23, 2026, FLMI is down -3.16% year-to-date (YTD), while FTMU has lost -3.36%. That puts FLMI better performer ahead so far this year.
Which ETF is attracting more investor money: FLMI or FTMU?
Year-to-date, the FLMI ETF saw +$1.13B in flows, compared to +$35M for FTMU.
Which ETF is more volatile: FLMI or FTMU?
Over the past year, FLMI had a volatility of 3.83%, while FTMU experienced 4.17%.
Which ETF is bigger: FLMI or FTMU?
As of October 23, 2026, FLMI holds $2.38 B in assets under management (AUM), while FTMU manages $488.86 M.
What sectors do the FLMI and FTMU ETFs invest in?
FLMI leans toward sectors like Municipal. Meanwhile, FTMU focuses on Municipal.
What are the top holdings of the FLMI ETF and FTMU 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). FTMU holds in its top three: New York Urban Development Corp., 5% 15mar2044, USD (2023A), US969878AB36 and Metropolitan Washington Airports Authority, 0% 1oct2037, USD (2010A, 9989D).
Which ETF is more diversified: FLMI or FTMU?
FLMI holds 1414 securities with 19.5% of its assets in the top 15. FTMU has 260 securities and a top 15 weight of 19.19%.
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Latest news about FLMI & FTMU
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