Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI)
FLMI is an actively managed ETF by Franklin Templeton. FLMI launched on Aug 31, 2017 and has a 0.30% expense ratio.
ETF Info
Aug 31, 2017
North America (U.S.)
1x
No Index (Active)
Expense Ratio
FLMI has an expense ratio of 0.30%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) returned 0.36% year-to-date (YTD) and 3.37% over the past 12 months.
FLMI
0.36%
1.69%
0.12%
3.37%
2.77%
N/A
^GSPC (Benchmark)
1.30%
12.79%
1.49%
12.35%
15.12%
10.89%
Monthly Returns
The table below presents the monthly returns of FLMI, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.31% | 1.64% | -1.32% | -0.34% | 0.10% | 0.36% | |||||||
| 2024 | 0.25% | 0.46% | 1.05% | -1.14% | 0.58% | 1.12% | 1.25% | 0.98% | 1.26% | -0.94% | 1.84% | -1.83% | 4.91% |
| 2023 | 3.34% | -2.19% | 1.83% | 0.43% | -0.24% | 0.73% | 0.42% | -1.04% | -2.47% | -1.14% | 4.99% | 3.24% | 7.89% |
| 2022 | -2.91% | -0.64% | -3.56% | -3.04% | 0.57% | -1.58% | 2.91% | -1.86% | -4.13% | -0.45% | 4.14% | 0.17% | -10.23% |
| 2021 | 1.21% | -1.30% | 0.58% | 1.40% | 0.67% | 0.59% | 1.03% | -0.05% | -1.08% | -0.31% | 1.04% | 0.24% | 4.06% |
| 2020 | 1.76% | 1.21% | -4.97% | -1.41% | 2.84% | 1.43% | 1.77% | -0.18% | 0.18% | 0.01% | 2.18% | 1.35% | 6.11% |
| 2019 | 0.58% | 0.65% | 1.56% | 0.36% | 1.79% | 0.28% | 0.89% | 1.50% | -0.87% | 0.21% | -0.60% | 0.21% | 6.71% |
| 2018 | 0.11% | -0.44% | -0.80% | -0.01% | 2.04% | 0.87% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FLMI is 61, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF provided a 4.11% dividend yield over the last twelve months, with an annual payout of $1.00 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.00 | $1.00 | $0.90 | $0.72 | $0.59 | $0.55 | $0.69 | $0.59 | $0.09 |
Dividend yield | 4.11% | 4.08% | 3.71% | 3.08% | 2.22% | 2.09% | 2.71% | 2.41% | 0.00% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.07 | $0.07 | $0.09 | $0.09 | $0.32 | |||||||
| 2024 | $0.00 | $0.08 | $0.07 | $0.08 | $0.09 | $0.09 | $0.08 | $0.09 | $0.08 | $0.08 | $0.09 | $0.17 | $1.00 |
| 2023 | $0.00 | $0.06 | $0.07 | $0.09 | $0.07 | $0.08 | $0.07 | $0.07 | $0.08 | $0.07 | $0.08 | $0.16 | $0.90 |
| 2022 | $0.00 | $0.09 | $0.04 | $0.06 | $0.05 | $0.04 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.14 | $0.72 |
| 2021 | $0.06 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.06 | $0.59 |
| 2020 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.55 |
| 2019 | $0.06 | $0.05 | $0.06 | $0.05 | $0.13 | $0.04 | $0.06 | $0.05 | $0.04 | $0.06 | $0.04 | $0.05 | $0.69 |
| 2018 | $0.05 | $0.04 | $0.05 | $0.04 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.59 |
| 2017 | $0.02 | $0.03 | $0.04 | $0.09 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities 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 Intermediate Tax-Free Bond Opportunities ETF was 14.66%, occurring on Oct 25, 2022. Recovery took 441 trading sessions.
The current Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF drawdown is 1.73%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.66% | Aug 5, 2021 | 309 | Oct 25, 2022 | 441 | Jul 31, 2024 | 750 |
| -13.63% | Mar 10, 2020 | 9 | Mar 20, 2020 | 168 | Nov 17, 2020 | 177 |
| -4.66% | Mar 4, 2025 | 29 | Apr 11, 2025 | — | — | — |
| -2.62% | Dec 2, 2024 | 28 | Jan 13, 2025 | 29 | Feb 25, 2025 | 57 |
| -2.57% | Feb 16, 2021 | 12 | Mar 3, 2021 | 57 | May 24, 2021 | 69 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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