FLMIvsTAFIETF Comparison
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Franklin Dynamic Municipal Bond ETF (FLMI) and AB Tax-Aware Short Duration Municipal ETF (TAFI) belong to the same industry segment: Municipal Bonds. FLMI's top 3 sector exposures are Municipal, Consumer Services and Healthcare. In contrast, TAFI's top sector exposures are Municipal, Industrials and Consumer Non-Cyclicals. FLMI is more expensive with a Total Expense Ratio (TER) of 0.3%, versus 0.27% for TAFI. FLMI is down -3.16% year-to-date (YTD) with +$1.13B in YTD flows. TAFI performs better with 0.96% YTD performance, and +$400M in YTD flows. Run a side-by-side ETF comparison of FLMI and TAFI 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 TAFI 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 TAFI | +1.21%+0.57% | -2.59%-0.15% | -3.16%+0.96% | -3.27%+1.35% | +15.37%+11.93% | +0.32%n/a |
| Flows | FLMI TAFI | +$30M+$87M | +$164M+$85M | +$1.13B+$400M | +$1.42B+$500M | +$2.32B+$1.25B | +$2.40B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLMI TAFI | +6.05%+2.27% | +3.83%+1.39% | +3.94%+1.48% | +3.85%n/a |
| Max drawdown | FLMI TAFI | -6.74%-2.23% | -8.90%-2.28% | -8.90%-2.28% | -16.26%n/a |
| Max drawdown duration | FLMI TAFI | 71d70d | 236d108d | 236d108d | 1340dn/a |
Trading data
FLMI | TAFI | |
Last sale 10/23/2026 at 1:30 PM | $23.93 | $24.87 |
| Previous close 10/22/2026 | $23.89 | $24.86 |
| 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 | TAFI | |
|---|---|---|
| Last price | $23.93 | $24.87 |
| 1D performance | +0.17% | +0.04% |
| AuM | $2.38 B | $1.45 B |
| E/R | 0.3% | 0.27% |
Characteristics
FLMI | TAFI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | AllianceBernstein |
| Benchmark | - | - |
| N° of holdings | 214 | 237 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 31, 2017 | September 13, 2022 |
| ESG | No | No |
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Exposure
Countries
FLMI
USA
38.36%
Other
61.64%
TAFI
USA
38.46%
Other
61.54%
Sectors
FLMI
Municipal
38.03%
Other
61.97%
TAFI
Municipal
37.95%
Other
62.05%
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Diversification
FLMI
Total weight of top 15 holdings out of 15
19.5%
TAFI
Total weight of top 15 holdings out of 15
12.84%
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%
TAFI
Pennsylvania Economic Development Financing Authority, FRN 15may2053, USD
1.53%
US040507QB45
1.41%
US7485082P22
1.17%
City of New York, 5% 1feb2032, USD (2026)
1.05%
Colorado Health Facilities Authority, 5% 1sep2032, USD (2025A)
0.83%
US230589AB90
0.81%
Illinois Finance Authority, FRN 15nov2037, USD (2018)
0.77%
Revere, 4% 29jul2027, USD
0.75%
Miami-Dade School District, 4% 7jan2027, USD (2026)
0.74%
US09182TKL07
0.74%
Puerto Rico Sales Tax Financing Corp., 0% 1jul2029, USD (3792D)
0.73%
US745160TD34
0.66%
Orchard Park Central School District, 4% 30apr2027, USD (2026)
0.57%
US67756CGX02
0.57%
City of Los Angeles, 5% 24jun2027, USD (2026)
0.53%
Frequently asked questions about FLMI and TAFI
How have the FLMI and TAFI ETFs performed in 2026?
As of October 23, 2026, FLMI is down -3.16% year-to-date (YTD), while TAFI has returned 0.96%. That puts TAFI better performer ahead so far this year.
Which ETF is attracting more investor money: FLMI or TAFI?
Year-to-date, the FLMI ETF saw +$1.13B in flows, compared to +$400M for TAFI.
Which ETF is more volatile: FLMI or TAFI?
Over the past year, FLMI had a volatility of 3.83%, while TAFI experienced 1.39%.
Which ETF is bigger: FLMI or TAFI?
As of October 23, 2026, FLMI holds $2.38 B in assets under management (AUM), while TAFI manages $1.45 B.
What sectors do the FLMI and TAFI ETFs invest in?
FLMI leans toward sectors like Municipal. Meanwhile, TAFI focuses on Municipal.
What are the top holdings of the FLMI ETF and TAFI 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). TAFI holds in its top three: Pennsylvania Economic Development Financing Authority, FRN 15may2053, USD, US040507QB45 and US7485082P22.
Which ETF is more diversified: FLMI or TAFI?
FLMI holds 1414 securities with 19.5% of its assets in the top 15. TAFI has 691 securities and a top 15 weight of 12.84%.
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Latest news about FLMI & TAFI
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