FTMUvsFLMIETF Comparison
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Franklin Municipal Income ETF (FTMU) and Franklin Dynamic Municipal Bond ETF (FLMI) belong to the same industry segment: Municipal Bonds. FTMU's top 1 sector exposures are Municipal. In contrast, FLMI's top sector exposures are Municipal, Consumer Services and Healthcare. Both FTMU and FLMI have the same Total Expense Ratio (TER) of 0.3%. FTMU is down -1.71% year-to-date (YTD) with -$3M in YTD flows. FLMI performs worse with -1.86% YTD performance, and +$1.10B in YTD flows. Run a side-by-side ETF comparison of FTMU 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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FTMU vs FLMI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTMU FLMI | -1.17%-1.14% | -2.94%-2.86% | -1.71%-1.86% | n/a+1.70% | n/a+12.25% | n/a-0.02% |
| Flows | FTMU FLMI | +$3K+$91M | -$13M+$356M | -$3M+$1.10B | -+$1.53B | -+$2.30B | -+$2.38B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTMU FLMI | +3.55%+3.46% | n/a+2.93% | n/a+3.74% | n/a+3.66% |
| Max drawdown | FTMU FLMI | -3.90%-3.60% | n/a-4.34% | n/a-4.87% | n/a-16.79% |
| Max drawdown duration | FTMU FLMI | 63d63d | n/a184d | n/a184d | n/a1464d |
Trading data
FTMU | FLMI | |
Last sale 9/2/2026 at 1:30 PM | $7.64 | $24.26 |
| Previous close 09/01/2026 | $7.64 | $24.27 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
FTMU | FLMI | |
|---|---|---|
| Last price | $7.64 | $24.26 |
| 1D performance | -0.01% | -0.04% |
| AuM | $457.49 M | $2.38 B |
| E/R | 0.3% | 0.3% |
Characteristics
FTMU | FLMI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 80 | 214 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2025 | August 31, 2017 |
| ESG | No | No |
Exposure
Countries
FTMU
USA
39.78%
Other
60.22%
FLMI
USA
39.59%
Other
60.41%
Sectors
FTMU
Municipal
39.78%
Other
60.22%
FLMI
Municipal
39.25%
Other
60.75%
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Diversification
FTMU
Total weight of top 15 holdings out of 15
19.34%
FLMI
Total weight of top 15 holdings out of 15
20.12%
Top 15 holdings
Data as of July 31, 2026
FTMU
New York Urban Development Corp., 5% 15mar2044, USD (2023A)
2.33%
New York Thruway Authority, 5% 15mar2054, USD (2022C)
1.64%
US969878AB36
1.46%
Metropolitan Washington Airports Authority, 0% 1oct2037, USD (2010A, 9989D)
1.39%
Port of Houston Authority, 5% 1oct2048, USD (2023)
1.29%
Triborough Bridge and Tunnel Authority, 5.25% 15may2057, USD (2022A)
1.26%
US31350ACS50
1.22%
South Carolina Jobs-Economic Development Authority, 5.5% 1nov2054, USD (2024A)
1.15%
US25476FA408
1.14%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
1.13%
US97712D8M13
1.10%
US709224DV89
1.09%
US240471PF32
1.08%
California Community Choice Financing Authority, 5% 1mar2036, USD (2026B)
1.08%
US6446147E39
0.99%
FLMI
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
2.06%
Southeast Energy Authority, 5% 1nov2035, USD (2024A)
1.71%
Kentucky Public Energy Authority, 5% 1may2036, USD (2025)
1.69%
Southeast Energy Authority, 5% 1jan2056, USD (2025A)
1.60%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
1.54%
US09182TGL52
1.53%
California Community Choice Financing Authority, 5% 1mar2036, USD (2026B)
1.51%
Tennessee Energy Acquisition Corp., 5% 1dec2035, USD (2025A)
1.38%
Kentucky Public Energy Authority, 5% 1jun2034, USD (2026)
1.37%
US592250EW01
1.26%
US717901CC45
0.99%
Texas Municipal Gas Acquisition and Supply Corp., 5% 1apr2036, USD (2026)
0.99%
US60637AFM99
0.91%
Southeast Energy Authority, 5% 1nov2035, USD (2025H)
0.82%
Main Street Natural Gas Inc., 5% 1dec2055, USD (2025B)
0.75%
Frequently asked questions about FTMU and FLMI
How have the FTMU and FLMI ETFs performed in 2026?
As of September 1, 2026, FTMU is down -1.71% year-to-date (YTD), while FLMI has lost -1.86%. That puts FTMU better performer ahead so far this year.
Which ETF is attracting more investor money: FTMU or FLMI?
Year-to-date, the FTMU ETF saw -$3M in flows, compared to +$1.10B for FLMI.
Which ETF is bigger: FTMU or FLMI?
As of September 1, 2026, FTMU holds $457.49 M in assets under management (AUM), while FLMI manages $2.38 B.
What sectors do the FTMU and FLMI ETFs invest in?
FTMU leans toward sectors like Municipal. Meanwhile, FLMI focuses on Municipal.
What are the top holdings of the FTMU ETF and FLMI ETF?
FTMU top holdings include New York Urban Development Corp., 5% 15mar2044, USD (2023A), New York Thruway Authority, 5% 15mar2054, USD (2022C) and US969878AB36. 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: FTMU or FLMI?
FTMU holds 259 securities with 19.34% of its assets in the top 15. FLMI has 1372 securities and a top 15 weight of 20.12%.
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Latest news about FTMU & FLMI
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