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)
Share Price Chart
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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.
Returns By Period
Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF had a return of 5.17% year-to-date (YTD) and 10.69% in the last 12 months.
FLMI
5.17%
-0.59%
3.25%
10.69%
2.38%
N/A
^GSPC (Benchmark)
23.08%
0.10%
10.70%
30.05%
13.52%
11.11%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.25% | 0.47% | 1.05% | -1.14% | 0.58% | 1.12% | 1.25% | 0.98% | 1.26% | -0.94% | 5.17% | ||
| 2023 | 3.34% | -2.19% | 1.83% | 0.43% | -0.24% | 0.73% | 0.42% | -1.04% | -2.47% | -1.15% | 4.99% | 3.24% | 7.88% |
| 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% | 4.05% |
| 2020 | 1.76% | 1.21% | -4.97% | -1.41% | 2.84% | 1.43% | 1.77% | -0.18% | 0.18% | 0.02% | 2.18% | 1.36% | 6.11% |
| 2019 | 0.58% | 0.65% | 1.56% | 0.36% | 1.79% | 0.28% | 0.89% | 1.50% | -0.87% | 0.20% | -0.60% | 0.20% | 6.72% |
| 2018 | 0.11% | -0.44% | -0.80% | -0.01% | 2.04% | 0.87% |
Expense Ratio
FLMI features an expense ratio of 0.30%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FLMI is 75, 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 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.
Dividends
Dividend History
Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF provided a 4.04% dividend yield over the last twelve months, with an annual payout of $1.00 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.00 | $0.90 | $0.72 | $0.59 | $0.55 | $0.69 | $0.59 | $0.09 |
Dividend yield | 4.04% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.08 | $0.08 | $0.08 | $0.09 | $0.09 | $0.08 | $0.09 | $0.08 | $0.08 | $0.09 | $0.83 | |
| 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 | $0.05 | $0.06 | $0.05 | $0.04 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.14 | $0.72 |
| 2021 | $0.07 | $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.
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 0.99%.
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 |
| -2.57% | Feb 16, 2021 | 12 | Mar 3, 2021 | 57 | May 24, 2021 | 69 |
| -1.95% | Oct 2, 2024 | 26 | Nov 6, 2024 | — | — | — |
| -1.56% | Sep 4, 2019 | 59 | Nov 25, 2019 | 40 | Jan 24, 2020 | 99 |
Volatility
Volatility Chart
The current Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF volatility is 2.03%, 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.