ETFs - Profile

Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF

US > Mixed Credit Rating > Intermediate-Term

Rank

Universe Rank
15 6

Summary

The fund seeks a high level of current income by investing in companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests significantly in municipal securities whose interest is free from federal income taxes, including the federal alternative minimum tax.

In selecting securities for the portfolio, the research team focuses on securities that it believes will provide the best balance between risk and return.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The portfolio may have significant positions in municipal securities that finance similar types of projects.

The fund seeks to maintain a dollar-weighted average portfolio maturity of three to 10 More

Philosophy Strategy Process Reaserch Risk Management

Price

  • Last Close
  • $26.44
    -0.04
  • 52 Week HL
  • $26.9 - $25.69
  • Net Assets
  • $56 M
  • Expense Ratio

Portfolio

  • Holdings
  • -
  • Turnover Ratio
  • -

Performance
-1.4 % YTD

  • 3 Year
  • 8.8%
  • 5 Year
  • 9.27%
  • Best
  • 4.7%
    2019
  • Worst
  • -1.36%
    2022

Returns +
A

2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
FLMI -1%2%0%5%0%0%0%0%0%0%0%
S&P 500 -8%27%16%29%-6%19%10%-1%11%30%13%

Returns +
Q

2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Q1 -1.4% -0.2% -2.7% 2.9% -1.2% - - - - - -
Q2 - 2.2% 2.3% 1.6% -0.1% -100% - - - - -
Q3 - -1.4% 1.3% 0.9% 0.6% -0.2% - - - - -
Q4 - 0.6% 3% -0.7% 0.9% 0.3% - - - - -

Returns +
M

J F M A M J J A S O N D
2022 -1.4% - - - - - - - - - - -
2021 1% -1.5% 0.3% 1.2% 0.5% 0.5% 0.9% -0.3% -1.3% -0.5% 1.1% -

Annual
Return

Index Comparison

Alpha

NAV