Franklin Municipal Green Bond ETF
$22.38−0.21 (−0.93%)
- Expense ratio
- 0.30%
- Fund size
- $55M
- 1Y return
- −0.7%
- Yield · Last 12 months
- 4.28%
- Holdings
- 77
- Volume · 30D
- 0M sh
- NAV per share
- $22.61
- 52W range
The ETF.net FLMB Grade
Score 59 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 51Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 89Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 54Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 52Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 35Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 44Category rank
Our read on FLMB
BMost muni funds buy the whole tax-exempt market. FLMB narrows the lens: a prospectus commitment of at least 80% of net assets to municipal green bonds, held in a compact portfolio that pays income monthly.
The fund commits at least 80% of its net assets to municipal green bonds.
Why people hold it
- The green mandate is contractual, not marketing: the prospectus commits at least 80% of net assets to municipal green bonds.
- Compact by design, roughly 80 bonds, so the green-project theme shows up in the portfolio instead of being diluted across thousands of holdings.
- The screen doesn't cost extra versus the typical muni fund: 0.30%, right at the category median.
- Municipal bond income, paid monthly, from a Franklin Templeton fund that has been trading since 2017.
Worth knowing
- Thinly traded. The bid-ask spread can matter more to your all-in cost than the expense ratio does.
- The broad muni index giants run far cheaper: VTEB and SCMB at 0.03%, MUB at 0.05%. The green screen carries a real price premium.
- A slice of a slice. With about 80 bonds, individual issuers and project types swing results more than in a thousand-bond index fund.
FLMB Holdings
- Bonds
- 77
- 43%
- CALIFORNIA ST MUNI 4 5/39
FLMB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FLMB |
|---|---|
| Year to date | −2.7% |
| 1 month | −3.3% |
| 3 months | −4.8% |
| 1 year | −0.7% |
| 3 years | +3.4% |
| 5 years | −0.4% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FLMB |
|---|---|---|
| 2026 YTD | −2.7% | |
| 2025 | +3.9% | |
| 2024 | +2.5% | |
| 2023 | +7.7% | |
| 2022 | −12.2% | |
| 2021 | +0.8% | |
| 2020 | +7.4% |
FLMB in the news
ETF.net Research hasn’t filed on FLMB yet — coverage lands here as it’s written.
FLMB Dividends
- 4.28%
- $0.96
- $0.08 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.08 |
| Aug 3, 2026 | Aug 6, 2026 | $0.09 |
| Jul 1, 2026 | Jul 7, 2026 | $0.14 |
| Jun 1, 2026 | Jun 4, 2026 | $0.10 |
| May 1, 2026 | May 6, 2026 | $0.08 |
| Apr 1, 2026 | Apr 6, 2026 | $0.05 |
| Mar 2, 2026 | Mar 5, 2026 | $0.05 |
| Feb 2, 2026 | Feb 5, 2026 | $0.06 |
| Dec 19, 2025 | Dec 24, 2025 | $0.07 |
| Dec 1, 2025 | Dec 4, 2025 | $0.07 |
| Nov 3, 2025 | Nov 6, 2025 | $0.09 |
| Oct 1, 2025 | Oct 6, 2025 | $0.07 |
FLMB Risk
- 6.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.07
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −17.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.17
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FLMB Cost
- The middle half of Other Municipal Bond funds
- Median 0.30%
29 of the 62 Other Municipal Bond funds charge less.