FLMB - Franklin Liberty Municipal Bond ETF
Assets | $129.27M |
NAV | $27.22 |
Expense Ratio | 0.30% |
PE Ratio | n/a |
Beta (5Y) | 0.03 |
Dividend (ttm) | $0.55 |
Dividend Yield | 2.01% |
Ex-Dividend Date | Mar 31, 2021 |
1-Year Return | - |
Trading Day | April 21 |
Last Price | $27.22 |
Previous Close | $27.22 |
Change ($) | 0.00 |
Change (%) | 0.00% |
Day's Open | 27.24 |
Day's Range | 27.19 - 27.22 |
Day's Volume | 3,094 |
52-Week Range | 25.14 - 28.84 |
Fund Description
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.
Asset Class Fixed Income | Sector Income |
Region North America | Inception Date Aug 31, 2017 |
Exchange NYSEARCA | Ticker Symbol FLMB |
Index Tracked Bloomberg Barclays Municipal Managed Money Index |
Top 10 Holdings
19.29% of assetsName | Symbol | Weight |
---|---|---|
Us Dollar | n/a | 3.37% |
IOWA FIN AUTH REV 5% | n/a | 2.17% |
NEW JERSEY ST 4% | n/a | 1.89% |
CALIFORNIA ST 3% | n/a | 1.85% |
LARIMER & WELD CNTYS COLO SCH DIST NO RE-5J 4% | n/a | 1.85% |
MARION & POLK CNTYS ORE SCH DIST NO 24J SALEM 0% | n/a | 1.83% |
ANAHEIM CALIF PUB FING AUTH LEASE REV 0% | n/a | 1.70% |
GEISINGER AUTH PA HEALTH SYS REV 4% | n/a | 1.59% |
LOWER ALA GAS DIST GAS PROJ REV 4% | n/a | 1.52% |
GEORGIA ST RD & TWY AUTH REV 5% | n/a | 1.51% |
Dividends
Ex-Dividend | Amount | Pay Date |
---|---|---|
Mar 31, 2021 | $0.048 | Apr 6, 2021 |
Feb 26, 2021 | $0.036 | Mar 4, 2021 |
Jan 29, 2021 | $0.05 | Feb 4, 2021 |
Dec 30, 2020 | $0.022 | Jan 6, 2021 |
Nov 30, 2020 | $0.034 | Dec 4, 2020 |
Oct 30, 2020 | $0.045 | Nov 5, 2020 |
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...
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.
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...
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.
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...
There is growing support among Americans for wealth tax imposition. What would it bring for muni bond ETFs?
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...
The 40% allocation into bonds has proven to be a challenge given that Treasury note yields have gone to basement-low levels.
Treasury yields have been ticking higher with the major indexes in the equities market notching record highs.
Why muni bond ETFs have been rallying hard this year.