FTCAvsFLMIETF Comparison
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Franklin California Municipal Income ETF (FTCA) and Franklin Dynamic Municipal Bond ETF (FLMI) belong to the same industry segment: Municipal Bonds. FTCA's top 1 sector exposures are Municipal. In contrast, FLMI's top sector exposures are Municipal, Consumer Services and Healthcare. FTCA is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.3% for FLMI. FTCA is down -4.86% year-to-date (YTD) with +$142M in YTD flows. FLMI performs better with -4.5% YTD performance, and +$1.09B in YTD flows. Run a side-by-side ETF comparison of FTCA and FLMI 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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FTCA vs FLMI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTCA FLMI | -1.24%-1.00% | -5.77%-5.20% | -4.86%-4.50% | n/a-4.32% | n/a+12.42% | n/a-1.40% |
| Flows | FTCA FLMI | +$145M-$38M | +$113M+$143M | +$142M+$1.09B | -+$1.40B | -+$2.28B | -+$2.36B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTCA FLMI | +6.42%+5.82% | n/a+3.69% | n/a+3.92% | n/a+3.82% |
| Max drawdown | FTCA FLMI | -7.86%-7.22% | n/a-8.90% | n/a-8.90% | n/a-16.26% |
| Max drawdown duration | FTCA FLMI | 92d92d | n/a229d | n/a229d | n/a1340d |
Trading data
FTCA | FLMI | |
Last sale 10/16/2026 at 1:30 PM | $6.93 | $23.62 |
| Previous close 10/16/2026 | $6.94 | $23.61 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
FTCA | FLMI | |
|---|---|---|
| Last price | $6.93 | $23.62 |
| 1D performance | -0.14% | +0.04% |
| AuM | $697.56 M | $2.31 B |
| E/R | 0.35% | 0.3% |
Characteristics
FTCA | FLMI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 62 | 214 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2025 | August 31, 2017 |
| ESG | No | No |
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Exposure
Countries
FTCA
USA
36.47%
Other
63.53%
FLMI
USA
38.36%
Other
61.64%
Sectors
FTCA
Municipal
36.47%
Other
63.53%
FLMI
Municipal
38.03%
Other
61.97%
Diversification
FTCA
Total weight of top 15 holdings out of 15
19.13%
FLMI
Total weight of top 15 holdings out of 15
19.5%
Top 15 holdings
Data as of August 31, 2026
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%
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%
Frequently asked questions about FTCA and FLMI
How have the FTCA and FLMI ETFs performed in 2026?
As of October 16, 2026, FTCA is down -4.86% year-to-date (YTD), while FLMI has lost -4.5%. That puts FLMI better performer ahead so far this year.
Which ETF is attracting more investor money: FTCA or FLMI?
Year-to-date, the FTCA ETF saw +$142M in flows, compared to +$1.09B for FLMI.
Which ETF is bigger: FTCA or FLMI?
As of October 16, 2026, FTCA holds $697.56 M in assets under management (AUM), while FLMI manages $2.31 B.
What sectors do the FTCA and FLMI ETFs invest in?
FTCA leans toward sectors like Municipal. Meanwhile, FLMI focuses on Municipal.
What are the top holdings of the FTCA ETF and FLMI ETF?
FTCA top holdings include California Pollution Control Financing Authority, 5% 21nov2045, USD, US30309HAA59 and Chabot-Las Positas Community College District, 5.25% 1aug2048, USD (2016). FLMI holds in its top three: 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).
Which ETF is more diversified: FTCA or FLMI?
FTCA holds 288 securities with 19.13% of its assets in the top 15. FLMI has 1414 securities and a top 15 weight of 19.5%.
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Latest news about FTCA & FLMI
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