---
ticker: "FLMB"
name: "Franklin Municipal Green Bond ETF"
url: "https://etf.net/etf/FLMB"
grade: "B"
score: 58
graded_at: "2026-10-12"
category: "Other Municipal Bond"
category_rank: "28 of 63"
methodology: "https://etf.net/methodology"
---

# FLMB: Franklin Municipal Green Bond ETF

Grade **B**, Score 58 of 100. Rank 28 of 63 in Other Municipal Bond.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 52 | 29 of 63 |
| Mission | 93 | 23 of 59 |
| Risk | 39 | 52 of 63 |
| Tradability | 53 | 31 of 63 |
| Holdings | 38 | 52 of 63 |
| Durability | 41 | 45 of 63 |

## Top holdings

The fund holds 67 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | California St Muni 4 5/39 | 6.01% |
| 2 | — | Intermountain Pwr 5 7/44 | 5.53% |
| 3 | — | Calif Cmnty Fin- Frn 2/54 | 4.75% |
| 4 | — | Cntrl Vly Wtr Rec- 4 3/47 | 4.74% |
| 5 | — | Portland Port 5.5 7/53 | 4.13% |
| 6 | — | Vt Edu Hlth Bldg 5 12/38 | 3.76% |
| 7 | — | Md Eco Dev Corp 5.25 6/47 | 3.50% |
| 8 | — | Ny Liberty Dev 2.5 11/36 | 2.92% |
| 9 | — | Newark Nj Mass Tr 6 11/62 | 2.86% |
| 10 | — | Il Fin Auth 5.25 10/53 | 2.72% |
| 11 | — | Ma Hsg Fin Agy- 2.6 12/41 | 2.54% |
| 12 | — | Santa Cruz Co 4 6/42 | 2.50% |
| 13 | — | Ca St Pub Wks-D 4 5/47 | 2.39% |
| 14 | — | San Diego Cnty Ca- 5 7/51 | 2.23% |
| 15 | — | Ca Cmnty Choice Frn 1/54 | 2.19% |
| 16 | — | Harris Co Floo 4.25 10/47 | 1.97% |
| 17 | — | California Cmnt Frn 10/54 | 1.91% |
| 18 | — | Ct HLTH&EDU Facs Frn 7/42 | 1.87% |
| 19 | — | Atlanta-Ser E-A 5.25 7/43 | 1.86% |
| 20 | — | Univ Hosps & Clini 4 4/46 | 1.77% |
| 21 | — | Alameda Cmnty Facs 5 9/48 | 1.73% |
| 22 | — | Mn St Hgr Edu-A 5 10/52 | 1.72% |
| 23 | — | Ma Hsg Fin Agy 4.9 12/59 | 1.70% |
| 24 | — | Dc Wtr & Swr Auth 4 10/49 | 1.69% |
| 25 | — | Dt of Columbia-A 5.5 8/33 | 1.68% |
| 26 | — | Vt Edu Hlth Bldg 4 12/42 | 1.60% |
| 27 | — | Dt of Columbia-A 5.5 2/37 | 1.55% |
| 28 | — | Centrl PUGET-S-1- 4 11/46 | 1.54% |
| 29 | — | Ca INFRA& Econ Dev 4 5/51 | 1.50% |
| 30 | — | La Local Govt E 4.5 11/47 | 1.44% |

Source: etf.net, https://etf.net/etf/FLMB. Please cite the page URL.