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.

The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit Franklin Dynamic Municipal Bond ETF to 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 —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%

2.32 7.6 Mil
municipal

TENNESSEE ENERGY ACQUISITION CORP COMMODITY PROJ REV 5%

2.08 6.9 Mil
municipal

TENNERGY CORP TENN GAS REV 5.5%

1.69 5.6 Mil
municipal

Us Dollar

1.59 5.2 Mil
Cash and Equivalents

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 2.2%

1.42 4.7 Mil
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 5%

1.36 4.5 Mil
municipal

ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5.25%

1.36 4.5 Mil
municipal

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

1.32 4.4 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

1.30 4.3 Mil
municipal

VIRGINIA SMALL BUSINESS FING AUTH REV 4%

1.27 4.2 Mil
municipal

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