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Morningstar

Franklin Dynamic Municipal Bond ETF FLMI

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub

Morningstar’s Analysis FLMI

Will FLMI outperform in 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 FLMI’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FLMI 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 FLMI’s parent organization’s priorities and whether they’re in line with investors’ interests.

Franklin Dynamic Municipal Bond ETF's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FLMI

More FLMI Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 418
  • Other Holdings 3
  • % Assets in Top 10 Holdings 18.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

TENNESSEE ENERGY ACQUISITION CORP COMMODITY PROJ REV 5%

2.75
4,107,219
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

2.40
3,586,905
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%

2.40
3,579,965
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 5%

2.29
3,418,022
municipal

PATRIOTS ENERGY GROUP FING AGY S C GAS SUPPLY REV 5.25%

1.83
2,727,923
municipal

IOWA FIN AUTH MIDWESTERN DISASTER AREA REV 5%

1.59
2,376,330
municipal

TENNERGY CORP TENN GAS REV 5.5%

1.59
2,368,646
municipal

CHICAGO ILL BRD ED DEDICATED CAP IMPT 5%

1.50
2,233,308
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 6%

1.26
1,874,353
municipal

TEXAS MUN GAS ACQUISITION & SUPPLY CORP III GAS SUPPLY REV 5%

1.20
1,787,721
municipal