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FLMI vs JMUB: Differences, Returns & Fees

FLMI's duration was 6.8 years on Jun 30, 2026 and JMUB's 6.2 on May 31, 2026; JMUB charges 0.18% to FLMI's 0.30%. Net assets on Oct 9, 2026: $2.3bn for Franklin Dynamic Municipal Bond ETF and $8.5bn for JPMorgan Municipal ETF.

JMUB costs 0.12 points a year less; their one-year returns differ by 0.2 points; JMUB is 3.7 times larger.

FLMIJMUB
Expense ratio0.30%0.18%
Net assets$2.3bn$8.5bn
Total return, 1 year−1.9%−2.1%
What it tracksNo index, actively managedNo index, actively managed
Holdings in common4%
Below its high6.3%, high on Jul 2, 20265.0%, high on Jul 6, 2026

Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026.

−1.9%
FLMI total return, 1 year
−2.1%
JMUB total return, 1 year
0.30%
FLMI expense ratio
0.18%
JMUB expense ratio

What they hold in common

By the books each fund has filed, FLMI and JMUB hold 4% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Jun 30, 2026.

half

4% in common

Positions both hold, largest shared weight first
Holding FLMI JMUB
CA CCEDEV 5 03/01/2036, due Mar 1, 2036 1.47% 0.70%
TX TXSUTL 5 04/01/2036, due Apr 1, 2036 1.03% 0.31%
AL SEEPWR 5 11/01/2035, due Nov 1, 2035 1.78% 0.24%
GA MAIUTL 12/01/2055, due Dec 1, 2055 0.78% 0.24%
KY KYSPWR 5 12/01/2033, due Dec 1, 2033 1.60% 0.20%
CA CCEDEV 04/01/2056, due Apr 1, 2056 0.23% 0.19%
TX TMGUTL 01/01/2054, due Jan 1, 2054 0.27% 0.18%
TX TXSUTL 01/01/2055, due Jan 1, 2055 0.17% 0.16%
OR ORSFAC 08/01/2034, due Aug 1, 2034 0.23% 0.13%
GA ROSDEV 04/01/2047, due Apr 1, 2047 0.66% 0.12%
WA VANHSG 4.25 02/01/2038, due Feb 1, 2038 0.13% 0.12%
KY KYSPWR 01/01/2055, due Jan 1, 2055 0.10% 0.09%
Only in FLMI
KY KYSPWR 5 05/01/2036, due May 1, 2036 1.74%
TN TNSUTL 5 12/01/2035, due Dec 1, 2035 1.42%
IL MPNFAC 4 12/15/2042, due Dec 15, 2042 1.34%
AL BBEUTL 11/01/2056, due Nov 1, 2056 1.32%
AL BBEUTL 5 10/01/2035, due Oct 1, 2035 1.27%
PA PHIMED 07/01/2054, due Jul 1, 2054 0.99%
MO MOSMED 06/01/2044, due Jun 1, 2044 0.85%
MN MNHOSP 11/15/2064, due Nov 15, 2064 0.78%
Only in JMUB
Black Belt Energy Gas District, Gas Project, Series 2026A, due Dec 1, 2034 0.77%
California Health Facilities Financing Authority, Rady Children's Health, Series 2026B-3, due Aug 15, 2065 0.67%
California Community Choice Financing Authority, Clean Energy Project, Series 2026C, due Feb 1, 2036 0.61%
Buckeye Tobacco Settlement Financing Authority, Series 2020B-2, Class 2, due Jun 1, 2055 0.55%
Connecticut State Health and Educational Facilities Authority, Yale New Haven Health Issue, Series 2024C-1, due Jul 1, 2060 0.52%
California Community Choice Financing Authority, Clean Energy Project, Series 2025E, due Oct 1, 2056 0.49%
County of Utah, IHC Health Services, Inc., Series 2018C, due May 15, 2058 0.45%
Long Island Power Authority, Electric System, Series 2024B, due Sep 1, 2049 0.43%

Check overlap with more funds →

On the same fields

FLMI
Franklin Dynamic Municipal Bond ETF
JMUB
JPMorgan Municipal ETF
Where it sits Bond ETF Bond ETF
Issuer Franklin JPMorgan
What it is Actively managed Actively managed
Total return, 1 year −1.9% −2.1%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 −19.2 pts −19.3 pts
Expense ratio 0.30% 0.18%
Holdings 1336 2155
Net assets $2.3bn $8.5bn

FLMI and JMUB on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

FLMI in plain words

FLMI is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned −1.9% with distributions reinvested. The prospectus expense ratio is 0.30% a year. It sat 6.3% below its high of Jul 2, 2026 on Oct 9, 2026.

JMUB in plain words

JMUB is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned −2.1% with distributions reinvested. The prospectus expense ratio is 0.18% a year. It sat 5.0% below its high of Jul 6, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, FLMI or JMUB?
In the year to Oct 9, 2026, with distributions reinvested, FLMI returned −1.9% and JMUB −2.1%.
Which is cheaper, FLMI or JMUB?
JMUB is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
FLMI vs PZAFLMI vs SCMBFLMI vs FMBFLMI vs MUBJMUB vs VCRMFMB vs JMUBJMUB vs TFIJMUB vs LMUB
FLMI on its own →JMUB on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
FLMI filings on SEC EDGAR ↗FLMI prospectus with the expense ratio (SEC) ↗Franklin website ↗JMUB filings on SEC EDGAR ↗JMUB prospectus with the expense ratio (SEC) ↗JPMorgan website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, FLMI against JMUB, data as of Oct 9, 2026. https://etfiq.com/compare/any/flmi-vs-jmub

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.