---
ticker: "FLMI"
name: "Franklin Dynamic Municipal Bond ETF"
url: "https://etf.net/etf/FLMI"
grade: "A"
score: 72
graded_at: "2026-10-12"
category: "Other Municipal Bond"
category_rank: "13 of 63"
methodology: "https://etf.net/methodology"
---

# FLMI: Franklin Dynamic Municipal Bond ETF

Grade **A**, Score 72 of 100. Rank 13 of 63 in Other Municipal Bond.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 52 | 29 of 63 |
| Mission | 100 | 1 of 59 |
| Risk | 54 | 24 of 63 |
| Tradability | 89 | 1 of 63 |
| Holdings | 67 | 24 of 63 |
| Durability | 76 | 12 of 63 |

## Top holdings

The fund holds 1425 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Ky Pub Energy Auth 5 6/34 | 2.85% |
| 2 | — | Black Belt Energy 5 10/35 | 2.07% |
| 3 | — | Tx Muni Gas Acq V 5 4/36 | 1.92% |
| 4 | — | Black Belt-Ser- Frn 11/56 | 1.92% |
| 5 | — | SE Energy Auth-A 5 11/35 | 1.66% |
| 6 | — | S E Energy Auth- Frn 1/56 | 1.62% |
| 7 | — | Energy Southea 5.25 11/37 | 1.61% |
| 8 | — | Kentucky Pub Engy 5 12/33 | 1.54% |
| 9 | — | S E Energy Auth- Frn 3/55 | 1.42% |
| 10 | — | Tx Muni Gas Acq Vi 5 1/36 | 1.31% |
| 11 | — | Net Current Assets | 1.26% |
| 12 | — | Met Pier & Exposi 4 12/42 | 1.17% |
| 13 | — | Rochester-Ser D Frn 11/64 | 1.14% |
| 14 | — | Ky Pub Energy Auth 5 5/36 | 1.01% |
| 15 | — | Energy Southeast-A 5 4/34 | 0.98% |
| 16 | — | Pa Indl Auth Hos Frn 7/54 | 0.77% |
| 17 | — | El Paso Co Hosp 5.5 2/50 | 0.71% |
| 18 | — | Oh Air Qlty Dev 4.25 1/38 | 0.65% |
| 19 | — | Chicago-B-Ref-Am 5.5 1/48 | 0.62% |
| 20 | — | Projectnew York T 5 10/40 | 0.62% |
| 21 | — | Philidelphia Aut Frn 7/54 | 0.62% |
| 22 | — | Roswell Ga Dev A Frn 4/47 | 0.61% |
| 23 | — | Houston-B-Amt-Re 5.5 7/39 | 0.61% |
| 24 | — | Chicago - Ser A 5.5 1/40 | 0.51% |
| 25 | — | Dasny-A-Group 3 5 3/48 | 0.51% |
| 26 | — | Co Hlth Facs Aut Frn 5/64 | 0.50% |
| 27 | — | Chicago Boe-A 5.25 12/35 | 0.42% |
| 28 | — | Chicago Brd Ed- 5.5 12/45 | 0.40% |
| 29 | — | Chicago Boe 5.75 4/48 | 0.40% |
| 30 | — | Chicago -A-Amt 4.5 1/48 | 0.40% |

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