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Franklin Liberty Intermediate Municipal Opportunities ETF

etf
FLMI
Dividend policy
Active
Price as of:
$26.5 -0.01 0%
primary theme
Municipal Bond
FLMI (ETF)

Franklin Liberty Intermediate Municipal Opportunities ETF

Dividend policy
Active
Price as of:
$26.5 -0.01 0%
primary theme
Municipal Bond
FLMI (ETF)
Franklin Liberty Intermediate Municipal Opportunities ETF
Dividend policy
Active
Price as of:
$26.5 -0.01 0%
primary theme
Municipal Bond

FLMI - Snapshot

Vitals

  • YTD Return 0.7%
  • 3 Yr Annualized Return 4.4%
  • 5 Yr Annualized Return N/A
  • Net Assets $32.9 M
  • Holdings in Top 10 13.9%

52 WEEK LOW AND HIGH

$26.51
$22.62
$26.51

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.46%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 35.28%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme Municipal Bond
  • Fund Type Exchange Traded Fund
  • Investment Style Muni National Interm

Compare FLMI to Popular Municipal Bond Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

Vanguard Intermediate-Term Tax-Exempt Fund

Fund

$14.86

0.00%

$81.84 B

-

$0.00

blocked
blocked
blocked

0.00%

-

Vanguard Limited Term Tax Exempt Fund

Fund

$11.27

0.00%

$33.32 B

-

$0.00

blocked
blocked
blocked

0.09%

-

American Funds Tax Exempt Bond Fund®

Fund

$13.64

0.00%

$24.55 B

-

$0.00

blocked
blocked
blocked

0.15%

-

Vanguard Short Term Tax Exempt Fund

Fund

$15.95

0.00%

$20.79 B

-

$0.00

blocked
blocked
blocked

0.00%

-

Vanguard California Intermediate Term Tax Exempt Fund

Fund

$12.34

0.00%

$18.15 B

-

$0.00

blocked
blocked
blocked

-0.16%

-

Compare FLMI to Popular Municipal Bond ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

Vanguard Tax-Exempt Bond Fund

VTEB | ETF

$55.20

+0.04%

$11.00 B

1.99%

$1.10

blocked
blocked
blocked

-0.11%

-

SPDR® Nuveen Bloomberg Barclays Short Term Municipal Bond ETF

SHM | ETF

$49.78

+0.10%

$4.39 B

1.16%

$0.58

blocked
blocked
blocked

0.02%

-

SPDR® Nuveen Bloomberg Barclays Municipal Bond ETF

TFI | ETF

$52.35

0.00%

$3.36 B

1.92%

$1.00

blocked
blocked
blocked

-0.29%

-

Invesco Taxable Municipal Bond ETF

BAB | ETF

$33.48

+0.09%

$2.34 B

2.96%

$0.99

blocked
blocked
blocked

-0.21%

-

First Trust Managed Municipal ETF

FMB | ETF

$56.86

+0.02%

$1.86 B

2.18%

$1.24

blocked
blocked
blocked

0.05%

-

FLMI - Profile

Distributions

  • YTD Total Return 0.6%
  • 3 Yr Annualized Total Return 4.4%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.29%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Franklin Liberty Intermediate Municipal Opportunities ETF
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    Aug 31, 2017
  • Shares Outstanding
    1249790
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Daniel Workman

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets in municipal securities whose interest is free from federal income taxes, including the federal alternative minimum tax. Although the fund tries to invest all of its assets in tax-free securities, it is possible that up to 20% of the fund's net assets may be in securities that pay interest that may be subject to the federal alternative minimum tax and, although not anticipated, in securities that pay interest subject to other federal or state income taxes.

FLMI - Performance

Return Ranking - Trailing

Period FLMI Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -0.8% 1.2% 3.06%
1 Yr 6.3% -1.0% 10.1% 4.91%
3 Yr 4.4%* -0.4% 9.8% 21.52%
5 Yr N/A* -0.3% 7.8% N/A
10 Yr N/A* -0.1% 10.2% N/A

* Annualized

Return Ranking - Calendar

Period FLMI Return Category Return Low Category Return High Rank in Category (%)
2020 3.8% -2.8% 310.0% 2.96%
2019 3.8% -0.3% 15.4% 45.87%
2018 -2.1% -10.3% 97.2% 47.29%
2017 N/A -100.0% 7.6% N/A
2016 N/A -7.9% 96.8% N/A

Total Return Ranking - Trailing

Period FLMI Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -0.8% 1.2% 3.74%
1 Yr 6.3% -5.0% 10.1% 4.51%
3 Yr 4.4%* -2.4% 9.8% 19.05%
5 Yr N/A* -1.4% 7.8% N/A
10 Yr N/A* -0.1% 10.2% N/A

* Annualized

Total Return Ranking - Calendar

Period FLMI Return Category Return Low Category Return High Rank in Category (%)
2020 3.8% -2.8% 310.0% 2.96%
2019 3.8% -0.3% 15.4% 47.29%
2018 -2.1% -10.3% 11.0% 49.78%
2017 N/A -100.0% 7.6% N/A
2016 N/A -7.9% 3.0% N/A

FLMI - Holdings

Concentration Analysis

FLMI Category Low Category High FLMI % Rank
Net Assets 32.9 M 582 K 81.8 B 95.75%
Number of Holdings 222 3 10805 51.55%
Net Assets in Top 10 4.59 M -199 M 4.06 B 95.08%
Weighting of Top 10 13.90% 2.4% 100.0% 67.99%

Top 10 Holdings

  1. PUERTO RICO SALES TAX FING CORP SALES TAX REV 0.01% 3.04%
  2. METROPOLITAN TRANSN AUTH N Y REV 5% 1.91%
  3. NEW JERSEY ST TRANSN TR FD AUTH 0% 1.89%
  4. METROPOLITAN TRANSN AUTH N Y REV 5% 1.63%
  5. NEW JERSEY ST EDL FACS AUTH REV 5% 1.23%
  6. SACRAMENTO CALIF MUN UTIL DIST ELEC REV 5% 1.06%
  7. CURATORS UNIV MO SYS FACS REV 5% 1.05%
  8. LAS CRUCES N MEX SCH DIST NO 002 5% 1.01%
  9. DENVER COLO CITY & CNTY BRD WTR COMMRS WTR REV 4% 1.01%
  10. REGIONAL TRANSN DIST COLO PRIVATE ACTIVITY REV 5% 1.00%

Asset Allocation

Weighting Return Low Return High FLMI % Rank
Bonds 		99.53% 15.80% 147.66% 36.21%
Cash 		0.47% -47.66% 84.20% 62.24%
Stocks 		0.00% 0.00% 2.07% 51.07%
Preferred Stocks 		0.00% -0.96% 1.04% 48.56%
Other 		0.00% -13.14% 13.72% 50.03%
Convertible Bonds 		0.00% 0.00% 1.44% 48.95%

Bond Sector Breakdown

Weighting Return Low Return High FLMI % Rank
Municipal 		99.53% 15.02% 100.00% 34.77%
Cash & Equivalents 		0.47% 0.00% 84.20% 63.76%
Derivative 		0.00% 0.00% 0.85% 48.78%
Securitized 		0.00% 0.00% 6.51% 49.75%
Corporate 		0.00% 0.00% 15.75% 57.15%
Government 		0.00% 0.00% 84.56% 51.95%

Bond Geographic Breakdown

Weighting Return Low Return High FLMI % Rank
US 		95.01% 15.80% 141.34% 65.91%
Non US 		4.52% 0.00% 28.07% 15.04%

FLMI - Expenses

Operational Fees

FLMI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.46% 0.01% 16.95% 20.76%
Management Fee 0.63% 0.00% 1.10% 97.06%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% 18.75%

Sales Fees

FLMI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

FLMI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FLMI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 35.28% 0.00% 299.40% 76.53%

FLMI - Distributions

Dividend Yield Analysis

FLMI Category Low Category High FLMI % Rank
Dividend Yield 1.40% 0.00% 2.99% 2.37%

Dividend Distribution Analysis

FLMI Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FLMI Category Low Category High FLMI % Rank
Net Income Ratio 2.29% -1.65% 6.48% 54.38%

Capital Gain Distribution Analysis

FLMI Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

FLMI - Fund Manager Analysis

Managers

Daniel Workman

Start Date

Tenure

Tenure Rank

Aug 31, 2017

3.34

3.3%

Daniel Workman, CFA, has been an analyst or portfolio manager since 2009,providing research and advice on the purchases and sales of individual securities, and portfolio risk assessment. He joined Franklin Templeton Investments in 2003.

James Conn

Start Date

Tenure

Tenure Rank

Aug 31, 2017

3.34

3.3%

Mr. Conn is a senior vice president and portfolio manager with Franklin Advisers, Inc, his employer since 1996. He has final authority over all aspects of the Fund's investment portfolio, including but not limited to, purchases and sales of individual securities, portfolio risk assessment, and the management of daily cash balances in accordance with anticipated management requirements. Mr. Conn holds the Chartered Financial Analyst designation.

Ben Barber

Start Date

Tenure

Tenure Rank

Aug 01, 2020

0.42

0.4%

Mr. Barber is is the Director of Franklin's Municipal Bond Department. Prior to joining Franklin Templeton, he was co-head of municipal bonds at Goldman Sachs Asset Management. He first joined Franklin Templeton in 1991 and rejoined again in April 2020.

Francisco Rivera

Start Date

Tenure

Tenure Rank

Nov 02, 2020

0.16

0.2%

Francisco Rivera,Vice President, has been a lead portfolio manager since 1996. He has primary responsibility for the investments. He has final authority over all aspects of the Fund's investment portfolio, including but not limited to, purchases and sales of individual securities, portfolio risk assessment, and the management of daily cash balances in accordance with anticipated investment management requirements. The degree to which he may perform these functions, and the nature of these functions, may change from time to time. He joined Franklin Templeton Investments in 1994.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 35.78 6.92 0.16

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