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Franklin Dynamic Municipal Bond ETF (FLMI)

24.64 +0.19 (+0.78%)
At close: November 8 at 3:59 PM EST

ETF Summary

Under normal market conditions, the fund invests at least 80% of its net assets in municipal securities whose interest is free from federal income taxes, including the federal alternative minimum tax. Although the fund tries to invest all of its assets in tax-free securities, it is possible that up to 20% of the fund's net assets may be in securities that pay interest that may be subject to the federal alternative minimum tax and, although not anticipated, in securities that pay interest subject to other federal or state income taxes.

ETF Overview

Category High Yield Muni
Fund Family Franklin Templeton Investments
Net Assets 341M
YTD Daily Total Return 4.26%
Yield 4.00%
Legal Type Exchange Traded Fund

ETF Operations

Attributes FLMI Category Average
Annual Report Expense Ratio (net) 0.30% 0.94%
Holdings Turnover 82.59% 57.12%
Total Net Assets 0.00 0.00

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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