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FLMI vs SCMB: Differences, Returns & Fees

On Jun 30, 2026 FLMI's duration was 6.8 years and SCMB's 6.6; SCMB charges 0.03% to FLMI's 0.30%. Net assets: $2.3bn on Oct 9, 2026 for Franklin Dynamic Municipal Bond ETF, and $4.0bn on Jun 30, 2026 for Schwab Municipal Bond ETF.

SCMB costs 0.27 points a year less; their one-year returns differ by 0.8 points; SCMB is 1.7 times larger.

FLMISCMB
Expense ratio0.30%0.03%
Net assets, as of Jun 30, 2026$2.3bn$4.0bn
Total return, 1 year−1.9%−2.7%
What it tracksNo index, actively managednot read by ETFIQ
Holdings in common0%
Below its high6.3%, high on Jul 2, 20265.8%, high on Jul 6, 2026

Holdings in common uses holdings dated Jun 30, 2026.

−1.9%
FLMI total return, 1 year
−2.7%
SCMB total return, 1 year
0.30%
FLMI expense ratio
0.03%
SCMB expense ratio

What they hold in common

By the books each fund has filed, FLMI and SCMB 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 Jun 30, 2026.

half

0% in common

Positions both hold, largest shared weight first
Holding FLMI SCMB
WA ENEPWR 4 07/01/2042, due Jul 1, 2042 0.24% 0.05%
NY MTATRN 4 11/15/2041, due Nov 15, 2041 0.51% 0.05%
NY MTATRN 4.75 11/15/2045, due Nov 15, 2045 0.11% 0.04%
NY MTATRN 5 11/15/2050, due Nov 15, 2050 0.29% 0.03%
IL ILS 5.25 05/01/2048, due May 1, 2048 0.38% 0.03%
NJ NJSTRN 4.25 06/15/2040, due Jun 15, 2040 0.32% 0.03%
IL ILS 5 04/01/2042, due Apr 1, 2042 0.28% 0.03%
IL CHIEDU 5.75 04/01/2048, due Apr 1, 2048 0.42% 0.03%
TX HARTRN 5 08/15/2044, due Aug 15, 2044 0.15% 0.01%
FL ORNFAC 5.5 11/01/2050, due Nov 1, 2050 0.12% 0.01%
FL MIATRN 5 07/01/2052, due Jul 1, 2052 0.30% 0.01%
DC DCTTRN 5.25 07/15/2050, due Jul 15, 2050 0.16% 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 SCMB
Commonwealth of Massachusetts, due Nov 1, 2043 0.22%
Gwinnett County School District, due Feb 1, 2030 0.22%
Commonwealth of Pennsylvania, due Mar 1, 2036 0.21%
City of New York, due Aug 1, 2029 0.20%
State of California Department of Water Resources, due Dec 1, 2034 0.19%
State of Washington, due Feb 1, 2039 0.17%
State of California, due Sep 1, 2047 0.17%
New York City Municipal Water Finance Authority, due Jun 15, 2039 0.17%

Check overlap with more funds →

On the same fields

FLMI
Franklin Dynamic Municipal Bond ETF
SCMB
Schwab Municipal Bond ETF
Where it sits Bond ETF Bond ETF
Issuer Franklin Schwab
What it is Actively managed Tracks an index
Total return, 1 year −1.9% −2.7%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 −19.2 pts −20.0 pts
Expense ratio 0.30% 0.03%
Holdings 1336 6845
Net assets, FLMI as of Oct 9, 2026 and SCMB as of Jun 30, 2026 $2.3bn $4.0bn

FLMI and SCMB 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.

SCMB in plain words

SCMB tracks an index. Over the year to Oct 9, 2026 it returned −2.7% with distributions reinvested. The prospectus expense ratio is 0.03% a year. It sat 5.8% below its high of Jul 6, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, FLMI or SCMB?
In the year to Oct 9, 2026, with distributions reinvested, FLMI returned −1.9% and SCMB −2.7%.
Which is cheaper, FLMI or SCMB?
SCMB is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
FLMI vs PZAFLMI vs TFIFLMI vs VCRMFLMI vs FMBSCMB vs VCRMSCMB vs TFISCMB vs TAFMJMUB vs SCMB
FLMI on its own →SCMB 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 ↗SCMB filings on SEC EDGAR ↗SCMB prospectus with the expense ratio (SEC) ↗Schwab 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 SCMB, data as of Oct 9, 2026. https://etfiq.com/compare/any/flmi-vs-scmb

Open data

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