Franklin Municipal Green Bond ETF
FLMB
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- One Franklin Parkway San Mateo CA United States of America 94403
- IPO Date
- Sep 5, 2017
- CIK
- 0001655589
- Website
- franklintempleton.com
- Similar Companies
- Business
- Franklin Municipal Green Bond ETF (FLMB) is an actively managed exchange-traded fund that seeks to maximize tax-exempt income and preserve capital by investing predominantly in municipal green bonds funding environmentally sustainable projects, such as clean energy infrastructure, pollution control, renewable energy facilities, and water resource management initiatives; these bonds offer interest exempt from regular federal income taxes, including the alternative minimum tax. The fund employs a proprietary evaluation process to select both labeled and unlabeled green bonds meeting stringent environmental sustainability criteria and disclosure standards, with a portfolio featuring 104 holdings as of June 30, 2025, including significant allocations to sectors like industrial development revenue and pollution control (15.18%), lease obligations (13.94%), transportation (13.71%), utilities (13.66%), and housing (10.81%); top state exposures include California (29.87%), New York (7.50%), Utah (5.97%), Wisconsin (4.89%), and Ohio (4.54%). FLMB benchmarks against the Bloomberg Municipal Bond Index, lists on NYSE Arca under ticker FLMB (CUSIP 35473P850), pays monthly dividends with a 30-day SEC yield of 4.03% and taxable equivalent yield of 6.81% as of June 30, 2025, maintains a total expense ratio of 0.30%, effective duration of 7.57 years, weighted average maturity of 15.73 years, and total net assets of $97.92 million. Launched on August 31, 2017 by Franklin Templeton ETF Trust, with management by Franklin Advisers, Inc., headquartered in San Mateo, California, the fund originally debuted as Franklin Liberty Municipal Bond ETF and underwent a significant name change and objective shift effective May 3, 2020, to focus at least 80% of assets on municipal green bonds promoting environmental sustainability. Franklin Templeton, one of the largest municipal bond managers in the U.S., continues to support FLMB through its experienced team, including portfolio managers Benjamin C. Barber, CFA (13 years with firm), Daniel Workman, CFA (21 years), Francisco Rivera (30 years), and James Conn, CFA (32 years), with no major acquisitions, partnerships, funding rounds, or new product launches specific to FLMB reported in the last 1-2 years amid ongoing monthly dividend distributions and portfolio adjustments for market conditions.