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Recommendation *
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Quality
Rating Breakdown
Avg.
Relative Strength
The relative strength of a dividend stock indicates whether the stock is uptrending or not. The major determining factor in this rating is whether the stock is trading close to its 52-week-high.
Overall Yield Attractiveness
If a stock’s yield is above or near the market average then it will be rated higher within this parameter. High dividend yields (usually over 10%) should be considered extremely risky, while low dividend yields (1% or less) are simply not very beneficial to long-term investors.
Dividend Reliability
A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future.
Dividend Uptrend
A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase.
Earnings Growth
A stock’s Earnings Growth rating evaluates a company’s expected EPS for the current financial year and compares it to next financial year’s expected EPS. Stocks with single-digit growth estimates will have a higher rating than others, as our research has shown that well-established dividend-paying companies have modest earnings growth estimates.
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Franklin Liberty Intermediate Municipal Opportunities ETF
etf
FLMI
Dividend policy
Active
Price as of:
$26.48
+0.01
+0%
primary theme
Municipal Bond
FLMI (ETF)
Franklin Liberty Intermediate Municipal Opportunities ETF
Dividend policy
Active
Price as of:
$26.48
+0.01
+0%
primary theme
Municipal Bond
FLMI (ETF)
Franklin Liberty Intermediate Municipal Opportunities ETF
Dividend policy
Active
Price as of:
$26.48
+0.01
+0%
primary theme
Municipal Bond
FLMI - Snapshot
Vitals
- YTD Return 0.5%
- 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
$26.47
$22.62
$26.48
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
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
$14.85
0.00%
$81.84 B
-
$0.00
blocked
blocked
blocked
-0.07%
-
$11.26
0.00%
$33.32 B
-
$0.00
blocked
blocked
blocked
0.00%
-
$13.63
0.00%
$24.55 B
-
$0.00
blocked
blocked
blocked
0.07%
-
$12.34
+0.08%
$18.15 B
-
$0.00
blocked
blocked
blocked
-0.16%
-
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
Vanguard Tax-Exempt Bond Fund
VTEB | ETF
$55.14
+0.13%
$11.00 B
1.99%
$1.10
blocked
blocked
blocked
-0.09%
-
$49.74
0.00%
$4.39 B
1.16%
$0.58
blocked
blocked
blocked
-0.10%
-
$52.33
+0.17%
$3.36 B
1.92%
$1.00
blocked
blocked
blocked
-0.30%
-
Invesco Taxable Municipal Bond ETF
BAB | ETF
$33.40
+0.15%
$2.34 B
2.97%
$0.99
blocked
blocked
blocked
-0.30%
-
First Trust Managed Municipal ETF
FMB | ETF
$56.78
+0.07%
$1.86 B
2.19%
$1.24
blocked
blocked
blocked
0.09%
-
FLMI - Profile
Distributions
- YTD Total Return 0.5%
- 3 Yr Annualized Total Return 4.4%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.29%
- Dividend Yield 1.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFranklin Liberty Intermediate Municipal Opportunities ETF
-
Fund Family NameFranklin Templeton Investments
-
Inception DateAug 31, 2017
-
Shares Outstanding1249790
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerDaniel 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 | 0.5% | -1.1% | 1.0% | 3.45% |
| 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% | 47.10% |
| 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 | 0.5% | -1.1% | 1.0% | 3.45% |
| 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% | 49.65% |
| 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 | 51.50% |
| Net Assets in Top 10 | 4.59 M | -199 M | 4.13 B | 94.97% |
| Weighting of Top 10 | 13.90% | 2.4% | 100.0% | 68.62% |
Top 10 Holdings
- PUERTO RICO SALES TAX FING CORP SALES TAX REV 0.01% 3.04%
- METROPOLITAN TRANSN AUTH N Y REV 5% 1.91%
- NEW JERSEY ST TRANSN TR FD AUTH 0% 1.89%
- METROPOLITAN TRANSN AUTH N Y REV 5% 1.63%
- NEW JERSEY ST EDL FACS AUTH REV 5% 1.23%
- SACRAMENTO CALIF MUN UTIL DIST ELEC REV 5% 1.06%
- CURATORS UNIV MO SYS FACS REV 5% 1.05%
- LAS CRUCES N MEX SCH DIST NO 002 5% 1.01%
- DENVER COLO CITY & CNTY BRD WTR COMMRS WTR REV 4% 1.01%
- 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% | 36.33% |
| Cash | 0.47% | -47.66% | 84.20% | 61.67% |
| Stocks | 0.00% | 0.00% | 1.92% | 13.28% |
| Preferred Stocks | 0.00% | -0.96% | 1.04% | 9.38% |
| Other | 0.00% | -13.14% | 12.83% | 12.04% |
| Convertible Bonds | 0.00% | 0.00% | 1.50% | 9.84% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FLMI % Rank | |
|---|---|---|---|---|
| Municipal | 99.53% | 15.02% | 100.00% | 34.93% |
| Cash & Equivalents | 0.47% | 0.00% | 84.20% | 63.60% |
| Derivative | 0.00% | 0.00% | 0.85% | 9.55% |
| Securitized | 0.00% | 0.00% | 6.51% | 11.64% |
| Corporate | 0.00% | 0.00% | 15.75% | 25.27% |
| Government | 0.00% | 0.00% | 84.56% | 14.87% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FLMI % Rank | |
|---|---|---|---|---|
| US | 95.01% | 15.80% | 141.34% | 67.38% |
| 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% | 20.75% |
| Management Fee | 0.63% | 0.00% | 1.10% | 96.95% |
| 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% | 76.07% |
FLMI - Distributions
Dividend Yield Analysis
| FLMI | Category Low | Category High | FLMI % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.40% | 0.00% | 3.00% | 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% | 54.76% |
Capital Gain Distribution Analysis
| FLMI | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Sep 04, 2020 | $0.044 |
| Aug 06, 2020 | $0.042 |
| Jul 07, 2020 | $0.046 |
| Jun 04, 2020 | $0.041 |
| May 06, 2020 | $0.053 |
| Apr 06, 2020 | $0.050 |
| Mar 05, 2020 | $0.045 |
| Feb 06, 2020 | $0.050 |
| Jan 06, 2020 | $0.047 |
| Dec 05, 2019 | $0.037 |
| Nov 06, 2019 | $0.058 |
| Oct 04, 2019 | $0.044 |
| Sep 06, 2019 | $0.053 |
| Aug 06, 2019 | $0.061 |
| Jul 05, 2019 | $0.042 |
| Jun 06, 2019 | $0.127 |
| May 06, 2019 | $0.049 |
| Apr 04, 2019 | $0.060 |
| Mar 06, 2019 | $0.050 |
| Feb 06, 2019 | $0.061 |
| Jan 04, 2019 | $0.052 |
| Dec 06, 2018 | $0.052 |
| Nov 06, 2018 | $0.057 |
| Oct 04, 2018 | $0.046 |
| Sep 07, 2018 | $0.053 |
| Aug 06, 2018 | $0.050 |
| Jul 06, 2018 | $0.046 |
| Jun 06, 2018 | $0.057 |
| May 04, 2018 | $0.041 |
| Apr 05, 2018 | $0.049 |
| Mar 06, 2018 | $0.038 |
| Feb 06, 2018 | $0.047 |
| Jan 04, 2018 | $0.038 |
| Dec 06, 2017 | $0.032 |
| Nov 06, 2017 | $0.016 |
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 | 6.93 | 0.16 |
