FLMB – Franklin Municipal Green Bond ETF – ETF Stock Quote

Will FLMB outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FLMB’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FLMB management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of FLMB’s parent organization’s priorities and whether they’re in line with investors’ interests.

Morningstar Automated Analysis

Summary

Franklin Municipal Green Bond ETF holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis

Rated on Sep 30, 2026 Published on Oct 27, 2026

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Portfolio Holdings FLMB

More FLMB Holdings

Current Portfolio DateNov 6, 2026
Equity Holdings—
Bond Holdings—
Other Holdings—
% Assets in Top 10 Holdings41.4

Top 10 Holdings	% Portfolio Weight	Market Value USD	Sector
INTERMOUNTAIN PWR AGY UTAH PWR SUPPLY REV 5%	6.00	3M	municipal
CENTRAL VY WTR RECLAMATION FAC UTAH SWR REV 4%	5.35	3M	municipal
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%	5.09	3M	municipal
CALIFORNIA MUN FIN AUTH STUDENT HSG REV 4%	4.81	2M	municipal
VERMONT EDL & HEALTH BLDGS FING AGY REV 5%	3.95	2M	municipal
MARYLAND ST ECONOMIC DEV CORP PRIVATE ACTIVITY REV 5.25%	3.94	2M	municipal
NEW YORK LIBERTY DEV CORP LIBERTY REV 2.5%	3.30	2M	municipal
NEWARK N J MASS TRAN ACCESS TAX REV 6%	3.06	2M	municipal
ILLINOIS FIN AUTH LEASE REV 5.25%	2.93	2M	municipal
ROCHESTER MINN HEALTH CARE FACS REV 2.5%	2.93	2M	municipal

Franklin Municipal Green Bond ETF FLMB

Morningstar’s Analysis FLMB

Will FLMB outperform in the future?

Process Pillar

People Pillar

Parent Pillar

Summary

Portfolio Holdings FLMB

INTERMOUNTAIN PWR AGY UTAH PWR SUPPLY REV 5%

CENTRAL VY WTR RECLAMATION FAC UTAH SWR REV 4%

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

CALIFORNIA MUN FIN AUTH STUDENT HSG REV 4%

VERMONT EDL & HEALTH BLDGS FING AGY REV 5%

MARYLAND ST ECONOMIC DEV CORP PRIVATE ACTIVITY REV 5.25%

NEW YORK LIBERTY DEV CORP LIBERTY REV 2.5%

NEWARK N J MASS TRAN ACCESS TAX REV 6%

ILLINOIS FIN AUTH LEASE REV 5.25%

ROCHESTER MINN HEALTH CARE FACS REV 2.5%

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