Which returned more over the last year, FLMI or LMUB?

In the year to Oct 9, 2026, with distributions reinvested, FLMI returned −1.9% and LMUB −3.7%.

Which is cheaper, FLMI or LMUB?

LMUB is cheaper, by 0.21 percentage points a year. That is about $21 on $10,000 held for a year. Fees come from each fund's prospectus.

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FLMI vs LMUB: Differences, Returns & Fees

FLMI's duration was 6.8 years on Jun 30, 2026 and LMUB's 9.8 on May 31, 2026; LMUB charges 0.09% to FLMI's 0.30%. Net assets on Oct 9, 2026: $2.3bn for Franklin Dynamic Municipal Bond ETF and $1.6bn for iShares Long-Term National Muni Bond ETF.

LMUB costs 0.21 points a year less; their one-year returns differ by 1.8 points; FLMI is 1.4 times larger.

	FLMI	LMUB
Expense ratio	0.30%	0.09%
Net assets	$2.3bn	$1.6bn
Total return, 1 year	−1.9%	−3.7%
What it tracks	No index, actively managed	ICE Long AMT-Free US National Municipal Index
Holdings in common	0%
Below its high	6.3%, high on Jul 2, 2026	8.4%, high on Jul 2, 2026

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

−1.9%

FLMI total return, 1 year

−3.7%

LMUB total return, 1 year

0.30%

FLMI expense ratio

0.09%

LMUB expense ratio

What they hold in common

By the books each fund has filed, FLMI and LMUB hold 0% 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.

50%

half

0% in common

Positions both hold, largest shared weight first

Holding FLMI LMUB

FL MIATRN 5 07/01/2052, due Jul 1, 2052 0.30% 0.13%

IL ILS 5 03/01/2046, due Mar 1, 2046 0.31% 0.01%

Only in FLMI

AL SEEPWR 5 11/01/2035, due Nov 1, 2035 1.78%

KY KYSPWR 5 05/01/2036, due May 1, 2036 1.74%

KY KYSPWR 5 12/01/2033, due Dec 1, 2033 1.60%

CA CCEDEV 5 03/01/2036, due Mar 1, 2036 1.47%

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 SEEPWR 01/01/2056, due Jan 1, 2056 1.34%

AL BBEUTL 11/01/2056, due Nov 1, 2056 1.32%

Only in LMUB

Commonwealth of Massachusetts, Series 2023D, due Oct 1, 2052 0.85%

State of Washington, Series 2026D, due Jun 1, 2046 0.70%

State of Illinois, Series 2025-E11, due Sep 1, 2042 0.65%

State of Illinois, Series 2023C, due Dec 1, 2043 0.65%

Pennsylvania Turnpike Commission, Series 2026A, due Dec 1, 2056 0.64%

State of Texas, Series 2025, due Oct 1, 2039 0.63%

New York City Transitional Finance Authority Future Tax Secured, Series 2025E, due Nov 1, 2047 0.63%

Oklahoma Capitol Improvement Authority, Series 2025A, due Jul 1, 2050 0.63%

Check overlap with more funds →

On the same fields

FLMI

Franklin Dynamic Municipal Bond ETF

LMUB

iShares Long-Term National Muni Bond ETF

Where it sits Bond ETF Bond ETF

Issuer Franklin iShares

What it is Actively managed Tracks an index

Total return, 1 year −1.9% −3.7%

S&P 500 over the same days +17.3% +17.3%

Gap to the S&P 500 −19.2 pts −20.9 pts

Expense ratio 0.30% 0.09%

Holdings 1336 975

Net assets $2.3bn $1.6bn

FLMI and LMUB 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.

LMUB in plain words

LMUB tracks an index. Over the year to Oct 9, 2026 it returned −3.7% with distributions reinvested. The prospectus expense ratio is 0.09% a year. It sat 8.4% below its high of Jul 2, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, FLMI or LMUB?: In the year to Oct 9, 2026, with distributions reinvested, FLMI returned −1.9% and LMUB −3.7%.
Which is cheaper, FLMI or LMUB?: LMUB is cheaper, by 0.21 percentage points a year. That is about $21 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

FLMI vs JMUB FLMI vs VTEB FLMI vs FMB FLMI vs VCRM LMUB vs VCRM LMUB vs TFI LMUB vs SCMB LMUB vs PZA

FLMI on its own →LMUB 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 ↗LMUB filings on SEC EDGAR ↗LMUB prospectus with the expense ratio (SEC) ↗iShares page for LMUB ↗

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 LMUB, data as of Oct 9, 2026. https://etfiq.com/compare/any/flmi-vs-lmub

Open data

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