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

In the year to Oct 9, 2026, with distributions reinvested, FLMI returned −1.9% and TAFM −2.1%.

Which is cheaper, FLMI or TAFM?

TAFM is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.

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FLMI vs TAFM: Differences, Returns & Fees

FLMI's duration was 6.8 years on Jun 30, 2026 and TAFM's 6.4 on May 31, 2026; TAFM charges 0.28% to FLMI's 0.30%. Net assets: $2.3bn on Oct 9, 2026 for Franklin Dynamic Municipal Bond ETF, and $1.0bn on Oct 8, 2026 for AB Tax-Aware Intermediate Municipal ETF.

TAFM costs 0.02 points a year less; their one-year returns differ by 0.2 points; FLMI is 2.2 times larger.

	FLMI	TAFM
Expense ratio	0.30%	0.28%
Net assets, as of Oct 8, 2026	$2.3bn	$1.0bn
Total return, 1 year	−1.9%	−2.1%
What it tracks	No index, actively managed	No index, actively managed
Holdings in common	5%
Below its high	6.3%, high on Jul 2, 2026	5.6%, 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%

TAFM total return, 1 year

0.30%

FLMI expense ratio

0.28%

TAFM expense ratio

What they hold in common

By the books each fund has filed, FLMI and TAFM hold 5% 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

5% in common

Positions both hold, largest shared weight first

Holding FLMI TAFM

KY KYSPWR 5 05/01/2036, due May 1, 2036 1.74% 0.61%

AL SEEPWR 5 11/01/2035, due Nov 1, 2035 1.78% 0.32%

AZ AZSMED 01/01/2046, due Jan 1, 2046 0.26% 0.26%

AL ESDPWR 07/01/2054, due Jul 1, 2054 0.30% 0.25%

IL CHIEDU 5.5 12/01/2045, due Dec 1, 2045 0.46% 0.25%

IL MPNFAC 4 12/15/2042, due Dec 15, 2042 1.34% 0.22%

CA CCEDEV 04/01/2056, due Apr 1, 2056 0.23% 0.18%

TX HOUAPT 5.5 07/15/2038, due Jul 15, 2038 0.36% 0.17%

TX TGAUTL 5 01/01/2036, due Jan 1, 2036 0.63% 0.17%

TN TNSUTL 5 12/01/2035, due Dec 1, 2035 1.42% 0.17%

AL ESDPWR 5 11/01/2035, due Nov 1, 2035 0.90% 0.17%

TX TXSUTL 5 04/01/2036, due Apr 1, 2036 1.03% 0.17%

Only in FLMI

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

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

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%

AL SEEPWR 5 11/01/2035, due Nov 1, 2035 0.85%

MO MOSMED 06/01/2044, due Jun 1, 2044 0.85%

GA MAIUTL 12/01/2055, due Dec 1, 2055 0.78%

Only in TAFM

MARYLAND ST ECON DEV CORP PRIV ACTIVITY REVENUE, due Jun 30, 2055 0.74%

BROWARD CNTY FL SCH DIST, due Jun 25, 2026 0.69%

CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE, due Dec 1, 2049 0.59%

PUBLIC FIN AUTH WI TOLL REVENUE, due Jun 30, 2060 0.57%

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE, due Aug 1, 2055 0.54%

VAIL CO COPS, due Dec 1, 2064 0.52%

NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE, due Jun 30, 2059 0.52%

FEDERAL HOME LOAN MTGE CORP MF VARIABLE RATE CTFS, due Aug 25, 2041 0.49%

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On the same fields

FLMI

Franklin Dynamic Municipal Bond ETF

TAFM

AB Tax-Aware Intermediate Municipal ETF

Where it sits Bond ETF Bond ETF

Issuer Franklin AllianceBernstein

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 −19.4 pts

Expense ratio 0.30% 0.28%

Holdings 1336 564

Net assets, FLMI as of Oct 9, 2026 and TAFM as of Oct 8, 2026 $2.3bn $1.0bn

FLMI and TAFM 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.

TAFM in plain words

TAFM 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 0.28% a year. It sat 5.6% below its high of Jul 6, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, FLMI or TAFM?: In the year to Oct 9, 2026, with distributions reinvested, FLMI returned −1.9% and TAFM −2.1%.
Which is cheaper, FLMI or TAFM?: TAFM is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

FLMI vs LMUB FLMI vs SCMB FLMI vs JMUB FLMI vs MUB TAFM vs VCRM FMB vs TAFM TAFM vs TFI LMUB vs TAFM

FLMI on its own →TAFM 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 ↗TAFM filings on SEC EDGAR ↗TAFM prospectus with the expense ratio (SEC) ↗

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

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