Franklin Liberty Federal Tax-Free Bond ETF (FLMB)
FLMB is an actively managed ETF by Franklin Templeton. FLMB launched on Aug 31, 2017 and has a 0.30% expense ratio.
ETF Info
| Issuer | Franklin Templeton |
|---|---|
| Inception Date | Aug 31, 2017 |
| Region | North America (U.S.) |
| Category | Municipal Bonds, Actively Managed |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Bond |
Expense Ratio
FLMB features an expense ratio of 0.30%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: FLMB vs. ACTHX, FLMB vs. PYPY
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Franklin Liberty Federal Tax-Free Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Franklin Liberty Federal Tax-Free Bond ETF had a return of 2.69% year-to-date (YTD) and 9.96% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.69% | 25.45% |
| 1 month | -0.57% | 2.91% |
| 6 months | 2.50% | 14.05% |
| 1 year | 9.96% | 35.64% |
| 5 years (annualized) | 1.20% | 14.13% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of FLMB, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.15% | -0.14% | -0.25% | -0.79% | 0.00% | 1.64% | 1.46% | 0.06% | 1.79% | -1.45% | 2.69% | ||
| 2023 | 4.16% | -3.01% | 2.44% | 0.23% | -0.92% | 1.05% | 0.12% | -1.62% | -3.00% | -2.12% | 7.70% | 2.99% | 7.72% |
| 2022 | -3.22% | -0.68% | -3.78% | -3.72% | 1.12% | -2.43% | 3.41% | -3.08% | -4.81% | -0.87% | 6.15% | -0.39% | -12.16% |
| 2021 | 0.71% | -2.94% | 0.85% | 1.09% | 0.39% | 0.38% | 1.03% | -0.43% | -1.01% | -0.39% | 0.97% | 0.21% | 0.80% |
| 2020 | 2.30% | 1.48% | -2.75% | -1.83% | 4.38% | 0.19% | 2.04% | -0.85% | -0.05% | -0.48% | 2.01% | 0.93% | 7.39% |
| 2019 | 0.79% | 0.86% | 1.84% | 0.62% | 1.80% | 0.30% | 1.09% | 2.04% | -1.12% | -0.08% | 0.10% | 0.38% | 8.91% |
| 2018 | -0.92% | -1.54% | 0.36% | 0.00% | 0.06% | 0.40% | 0.94% | -0.47% | -0.13% | -1.40% | 1.37% | 2.03% | 0.63% |
| 2017 | 0.00% | -0.31% | 0.21% | 0.53% | 0.42% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FLMB is 56, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Franklin Liberty Federal Tax-Free Bond ETF (FLMB) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Franklin Liberty Federal Tax-Free Bond ETF provided a 3.75% dividend yield over the last twelve months, with an annual payout of $0.90 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.90 | $0.84 | $0.65 | $0.45 | $0.57 | $0.63 | $0.66 | $0.14 |
Dividend yield | 3.75% | 3.49% | 2.81% | 1.66% | 2.08% | 2.40% | 2.68% | 0.54% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Liberty Federal Tax-Free Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.08 | $0.07 | $0.07 | $0.08 | $0.08 | $0.07 | $0.08 | $0.07 | $0.07 | $0.08 | $0.75 | |
| 2023 | $0.00 | $0.06 | $0.06 | $0.09 | $0.06 | $0.08 | $0.07 | $0.07 | $0.08 | $0.07 | $0.08 | $0.15 | $0.84 |
| 2022 | $0.00 | $0.08 | $0.04 | $0.06 | $0.04 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.11 | $0.65 |
| 2021 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.04 | $0.45 |
| 2020 | $0.06 | $0.05 | $0.05 | $0.08 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.03 | $0.02 | $0.57 |
| 2019 | $0.06 | $0.05 | $0.05 | $0.05 | $0.08 | $0.04 | $0.06 | $0.04 | $0.04 | $0.06 | $0.05 | $0.05 | $0.63 |
| 2018 | $0.06 | $0.05 | $0.06 | $0.05 | $0.07 | $0.05 | $0.06 | $0.06 | $0.05 | $0.06 | $0.05 | $0.05 | $0.66 |
| 2017 | $0.00 | $0.03 | $0.05 | $0.05 | $0.14 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin Liberty Federal Tax-Free Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin Liberty Federal Tax-Free Bond ETF was 17.90%, occurring on Oct 26, 2022. The portfolio has not yet recovered.
The current Franklin Liberty Federal Tax-Free Bond ETF drawdown is 3.65%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.9% | Jul 21, 2021 | 321 | Oct 26, 2022 | — | — | — |
| -13.94% | Mar 10, 2020 | 9 | Mar 20, 2020 | 85 | Jul 22, 2020 | 94 |
| -4.07% | Dec 7, 2017 | 37 | Oct 29, 2018 | 32 | Jan 3, 2019 | 69 |
| -3.52% | Feb 12, 2021 | 10 | Feb 26, 2021 | 91 | Jul 8, 2021 | 101 |
| -2.34% | Aug 21, 2019 | 19 | Sep 17, 2019 | 78 | Jan 8, 2020 | 97 |
Volatility
Volatility Chart
The current Franklin Liberty Federal Tax-Free Bond ETF volatility is 2.21%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.