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

ETF Info

IssuerFranklin Templeton
Inception DateAug 31, 2017
RegionNorth America (U.S.)
CategoryMunicipal Bonds, Actively Managed
Index TrackedNo Index (Active)
Asset ClassBond

Expense Ratio

The Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF has a high expense ratio of 0.30%, indicating higher-than-average management fees.


0.50%1.00%1.50%2.00%0.30%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds to compare with FLMI

Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF

Popular comparisons: FLMI vs. XMPT, FLMI vs. SHYD, FLMI vs. HYD

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%20.00%40.00%60.00%80.00%100.00%120.00%OctoberNovemberDecember2024FebruaryMarch
15.92%
113.23%
FLMI (Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF)
Benchmark (^GSPC)

S&P 500

Returns By Period

Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF had a return of 1.31% year-to-date (YTD) and 6.70% in the last 12 months.


PeriodReturnBenchmark
Year-To-Date1.31%10.04%
1 month0.64%3.53%
6 months8.32%22.79%
1 year6.70%32.16%
5 years (annualized)2.38%13.15%
10 years (annualized)N/A10.96%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20240.25%0.46%
2023-1.04%-2.47%-1.14%4.99%3.24%

Risk-Adjusted Performance

Risk-Adjusted Performance Indicators

This table presents risk-adjusted performance metrics for Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) and compares them with a selected benchmark (^GSPC). These performance indicators assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
FLMI
Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF
1.34
^GSPC
S&P 500
2.76

Sharpe Ratio

The current Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF Sharpe ratio is 1.34. A Sharpe ratio greater than 1.0 is considered acceptable.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00OctoberNovemberDecember2024FebruaryMarch
1.34
2.76
FLMI (Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF)
Benchmark (^GSPC)

Dividends

Dividend History

Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF granted a 3.82% dividend yield in the last twelve months. The annual payout for that period amounted to $0.93 per share.


PeriodTTM2023202220212020201920182017
Dividend$0.93$0.90$0.72$0.59$0.55$0.69$0.59$0.09

Dividend yield

3.82%3.71%3.09%2.22%2.09%2.71%2.41%0.34%

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.


JanFebMarAprMayJunJulAugSepOctNovDec
2024$0.00$0.08
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
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
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
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
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
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
2017$0.02$0.03$0.04

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-15.00%-10.00%-5.00%0.00%OctoberNovemberDecember2024FebruaryMarch
-2.20%
0
FLMI (Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF)
Benchmark (^GSPC)

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. The portfolio has not yet recovered.

The current Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF drawdown is 2.20%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-14.66%Aug 5, 2021308Oct 25, 2022
-13.63%Mar 10, 20209Mar 20, 2020168Nov 17, 2020177
-2.57%Feb 16, 202112Mar 3, 202157May 24, 202169
-2.02%Feb 8, 20187Mar 12, 201835Dec 31, 201842
-1.56%Sep 4, 201959Nov 25, 201940Jan 24, 202099

Volatility

Volatility Chart

The current Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF volatility is 1.02%, 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.


1.00%2.00%3.00%4.00%5.00%OctoberNovemberDecember2024FebruaryMarch
1.02%
2.82%
FLMI (Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF)
Benchmark (^GSPC)