# Franklin Dynamic Municipal Bond ETF (FLMI)

> Source: Nexqual · https://nexqual.com/FLMI · data as of 2026-10-23 19:59 UTC · cite as "Nexqual, Franklin Dynamic Municipal Bond ETF (FLMI), nexqual.com/FLMI" · informational, not investment advice.

**Price:** USD 23.94 (+0.19% on the day) · last close of Oct 23, 2026; US market after hours, not a live price. Prev close 23.89 · day 23.88–23.95 · 52w 23.04–25.46 · market cap null · PCX

## Key facts
- Total return with dividends: 1Y -0.3% vs S&P 500 +14.4%; 5Y +7.9% vs S&P 500 +77.0%.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -0.3% | +7.9% |
| S&P 500 (SPY) | +14.4% | +77.0% |
| Per year | -0.3% | +1.5% |
| Volatility (annualized) | 3.8% | 5.3% |
| Max drawdown | -7.2% (Jul 2026→Sep 2026) | -14.6% (Dec 2021→Oct 2022) |

## Peers
HMOP (Hartford Municipal Opportunitie) USD 37.8 -0.05% · MMIT (NYLIM MacKay Muni Intermediate ) USD 23.53 +0.13% · FTSD (Franklin Short Duration U.S. Go) USD 89.29 -0.01% · JMUB (JPMorgan Municipal ETF) USD 48.67 +0.07% · MMIN (NYLIM MacKay Muni Insured ETF) USD 22.92 +0.07%

## More
Full page: https://nexqual.com/FLMI · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt