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Franklin Dynamic Municipal Bond ETF(FLMI)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for FLMI
11/13/2026: FLMI (3-star) is a STRONG-BUY. BUY for 12 days. Simulated Profits (-0.04%). Updated daily EoD!
FLMI is an actively managed ETF that provides diversified exposure to U.S. municipal bonds, aiming to generate tax-exempt income. Its primary strength lies in the active management team's ability to adjust credit and duration exposure, potentially outperforming passive peers. It serves as a core income vehicle for investors in high tax brackets, though it carries a higher expense ratio and lower liquidity than the largest passive municipal ETFs. Investors should monitor interest rate trends and credit quality, as these are the primary drivers of fund performance. The fund is best suited for long-term income-focused portfolios.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | This fund is designed for income generation rather than capital appreciation. |
| Momentum investor | Weak fit | Municipal bonds generally lack the price momentum characteristics sought by this investor type. |
| Value investor | Mixed fit | The fund may appeal to value investors looking for income-generating assets priced at attractive yields relative to credit risk. |
| Dividend/Income investor | Strong fit | The primary objective of tax-exempt income makes this a strong choice for those in higher tax brackets. |
| Low-risk investor | Strong fit while signal remains positive | Municipal bonds are generally lower volatility, though interest rate risk persists. |
Investor Profile
Ideal Investor Profile
Investors in high tax brackets seeking reliable, tax-advantaged income rather than capital appreciation.
Suitability
Best suited for long-term investors looking for tax-efficient core income rather than active day traders.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Low | Municipal bonds historically exhibit lower price swings compared to equities. |
| Market risk | Medium | Changes in interest rates have an inverse relationship with bond prices. |
| Concentration | Medium | The fund is focused on the municipal sector, limiting diversification across asset classes. |
| Tracking/expense | Low | Active management costs slightly more than passive alternatives. |
| Liquidity | Medium | Some municipal bonds trade infrequently, which can impact pricing in stressed markets. |
| Business/sector quality | Low | The fund holds a diverse set of municipal issuers, reducing individual credit risk. |
Sector & Industry Intelligence
This fund is not assigned to one sector.
Risk Analysis
Volatility
FLMI exhibits typical volatility for an investment-grade bond fund, primarily driven by interest rate movements.
Market Risk
The fund is subject to interest rate risk, credit risk, and call risk inherent to municipal bond investing.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Fixed-income type | Investment-Grade Municipal Bonds | 85 | These high-quality municipal securities provide the core tax-exempt income stream for the portfolio. |
| Fixed-income type | High-Yield / Non-Investment Grade Municipal Bonds | 10 | Allocations to lower-rated bonds are used to enhance the fund's overall yield potential. |
| Cash/collateral | 5 | Cash holdings are maintained for liquidity needs and tactical reinvestment opportunities. |
Price Behavior
Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 10.35% | Avg. Invested days 54 | Today’s Advisory Strong Buy |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 11/13/2026 |
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