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Franklin Liberty Federal Intermediate Tax-Free Bon...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

Inception Date

Aug 31, 2017

Region

North America (U.S.)

Leveraged

1x

Index Tracked

No Index (Active)

Asset Class

Bond

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

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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Returns By Period

Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) returned 0.32% year-to-date (YTD) and 3.56% over the past 12 months.


FLMI

YTD

0.32%

1M

1.79%

6M

0.16%

1Y

3.56%

5Y*

2.84%

10Y*

N/A

^GSPC (Benchmark)

YTD

-3.77%

1M

7.44%

6M

-5.60%

1Y

8.37%

5Y*

14.12%

10Y*

10.46%

*Annualized

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.31%1.64%-1.32%-0.34%0.05%0.32%
20240.25%0.46%1.05%-1.14%0.58%1.12%1.25%0.98%1.26%-0.94%1.84%-1.83%4.91%
20233.34%-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%
20211.21%-1.30%0.58%1.40%0.67%0.59%1.03%-0.05%-1.08%-0.31%1.04%0.24%4.06%
20201.76%1.21%-4.97%-1.41%2.84%1.43%1.77%-0.18%0.18%0.01%2.18%1.35%6.11%
20190.58%0.65%1.56%0.36%1.79%0.28%0.89%1.50%-0.87%0.21%-0.60%0.21%6.71%
20180.11%-0.44%-0.80%-0.01%2.04%0.87%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of FLMI is 70, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of FLMI is 7070
Overall Rank
The Sharpe Ratio Rank of FLMI is 7070
Sharpe Ratio Rank
The Sortino Ratio Rank of FLMI is 6363
Sortino Ratio Rank
The Omega Ratio Rank of FLMI is 6666
Omega Ratio Rank
The Calmar Ratio Rank of FLMI is 7777
Calmar Ratio Rank
The Martin Ratio Rank of FLMI is 7474
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF Sharpe ratios as of May 11, 2025 (values are recalculated daily):

  • 1-Year: 0.66
  • 5-Year: 0.66
  • All Time: 0.58

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


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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.


0.00%1.00%2.00%3.00%4.00%$0.00$0.20$0.40$0.60$0.80$1.0020172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017
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%3.09%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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 1.77%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-14.66%Aug 5, 2021309Oct 25, 2022441Jul 31, 2024750
-13.63%Mar 10, 20209Mar 20, 2020168Nov 17, 2020177
-4.66%Mar 4, 202529Apr 11, 2025
-2.62%Dec 2, 202428Jan 13, 202529Feb 25, 202557
-2.57%Feb 16, 202112Mar 3, 202157May 24, 202169

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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