Franklin Liberty Municipal Bond ETF (FLMB)
| Assets | $123.03M |
| NAV | $27.04 |
| Expense Ratio | 0.30% |
| PE Ratio | n/a |
| Shares Out | 4.55M |
| Dividend (ttm) | $0.47 |
| Dividend Yield | 1.72% |
| Ex-Dividend Date | Oct 29, 2021 |
| 1-Year Return | -0.18% |
| Volume | 3,854 |
| Open | 27.03 |
| Previous Close | 27.04 |
| Day's Range | 27.06 - 27.11 |
| 52-Week Low | 26.63 |
| 52-Week High | 26.63 |
| Beta | 0.04 |
| Holdings | 196 |
| Inception Date | Aug 31, 2017 |
About FLMB
The investment seeks a high level of current income that is exempt from federal income taxes. Under normal market conditions, the fund invests at least 80% of its net assets in municipal securities whose interest is free from federal income taxes, including the federal alternative minimum tax. Although the fund tries to invest all of its assets in tax-free securities, it is possible that up to 20% of the fund's net assets may be in securities that pay interest that may be subject to the federal alternative minimum tax and, although not anticipated, in securities that pay interest subject to other federal or state income taxes.
Top 10 Holdings
25.28% of assets| Name | Symbol | Weight |
|---|---|---|
| Us Dollar | N/A | 5.80% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4% | N/A | 3.64% |
| OHIO ST UNIV GEN RCPTS 5% | N/A | 2.57% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4% | N/A | 2.25% |
| PUBLIC FIN AUTH WIS REV 4% | N/A | 1.94% |
| NEW JERSEY ST 4% | N/A | 1.94% |
| UNIVERSITY WIS HOSPS & CLINICS AUTH REV 4% | N/A | 1.83% |
| SAN DIEGO CNTY CALIF REGL ARPT AUTH ARPT REV 4% | N/A | 1.82% |
| PORT PORTLAND ORE ARPT REV 4% | N/A | 1.78% |
| SAN DIEGO CALIF ASSN GOVTS CAP GRNT RCPTS REV 5% | N/A | 1.71% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 29, 2021 | $0.0403 | Nov 4, 2021 |
| Sep 30, 2021 | $0.041 | Oct 6, 2021 |
| Aug 31, 2021 | $0.03702 | Sep 7, 2021 |
| Jul 30, 2021 | $0.0408 | Aug 5, 2021 |
| Jun 30, 2021 | $0.0429 | Jul 7, 2021 |
| May 28, 2021 | $0.0373 | Jun 4, 2021 |
News
Clean Water Initiatives Are Vital for Infrastructure ETFs
Commodities don't have the panache of most equities but it's an opportunity investors can consider when it comes to investing in needs versus wants. In the case of water, something the world obviously n...
Can the Municipal Bond Market Weather the Coronavirus Storm?
The U.S. Federal Reserve is stepping in to toss a life preserve to the bond markets, including corporate debt and high yield, but few may have seen municipal bonds seeking help.
3 ETFs to Consider as Fed Steps in to Save Municipal Bonds
It almost seems like “safe haven bonds” has become a misnomer. Some of the safest debt, such as municipal bonds, are now causing its issuers to ask for help from the Federal Reserve amid the coronavirus...
The Coronavirus is Bringing Some Unforeseen Volatility to Munis
In the U.S. bond markets, municipal debt is seen as some of the most stable given that they’re backed by local governments albeit at lower-than-junk yields as most would expect.
Show Me the Muni (Bond ETFs), Here’s 3
Even safe haven assets are feeling the pangs of the coronavirus-filled capital markets. Take municipal bonds for example–muni bond funds haven’t been immune to the coronavirus contagion, but on the plus...
Tax-the-Rich Slogan Not to Help Muni Bond ETFs Much
There is growing support among Americans for wealth tax imposition. What would it bring for muni bond ETFs?
Municipal Bond Market Eclipses the $400B Mark in 2019
2019 was a strong year of performance for bonds, particularly fixed income ETFs, which saw notable interest during times of heavy volatility. The municipal bond market also made out well, hitting over t...
Is the 60-40 Stocks-Bonds Split Dying Off?
The 40% allocation into bonds has proven to be a challenge given that Treasury note yields have gone to basement-low levels.
Municipal Bond Activity Rises in November
Treasury yields have been ticking higher with the major indexes in the equities market notching record highs.
Muni Bonds Off to Best Start Since 2006: 5 Hot ETFs to Buy
Why muni bond ETFs have been rallying hard this year.