Franklin Liberty Municipal Bond ETF (FLMB)

NYSEARCA: FLMB · IEX Real-Time Price · USD
22.36
-0.04 (-0.16%)
Sep 29, 2022 4:00 PM EDT - Market closed
-0.16%
Assets $99.60M
NAV $22.38
Expense Ratio 0.30%
PE Ratio n/a
Shares Out 4.45M
Dividend (ttm) $0.56
Dividend Yield 2.49%
Ex-Dividend Date Sep 1, 2022
1-Year Return -17.19%
Volume 12,147
Open 22.36
Previous Close 22.40
Day's Range 22.35 - 22.40
52-Week Low 22.35
52-Week High 27.19
Beta 0.08
Holdings 157
Inception Date Aug 31, 2017

About FLMB

The investment seeks to maximize income exempt from federal income taxes to the extent consistent with prudent investing and the preservation of shareholders" capital. 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 adviser 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 invested in securities that pay interest that may be subject to the federal alternative minimum tax and in securities that pay interest subject to other federal or state income taxes.

Asset Class Fixed Income
Sector Income
Region North America
Issuer Franklin Templeton
Stock Exchange NYSEARCA
Ticker Symbol FLMB
Index Tracked Bloomberg Barclays Municipal Managed Money Index

Top 10 Holdings

28.00% of assets
Name Symbol Weight
CALIFORNIA CMNTY CHOICE FING A CA CCEDEV 02.01.2052 3.84%
CALIFORNIA ST MUNI FIN AUTH ST CA CASFIN 4 05.15.2039 3.19%
INTERMOUNTAIN PWR AGY UT PWR S UT INTPWR 5 07.01.2043 3.17%
OHIO ST UNIV OH OHSHGR 5 12.01.2023 3.07%
CALIFORNIA ST INFRASTRUCTURE CA CASDEV 08.01.2047 3.07%
CALIFORNIA CMNTY CHOICE FING A CA CCEDEV 10.01.2052 2.98%
UNIV HOSPS CLINICS AUTH WI WI UNVMED 4 04.01.2046 2.59%
MARYLAND ST ECON DEV CORP PRIV MD MDSDEV 5.25 06.30.2047 2.05%
SAN DIEGO ASSN OF GOVTS CA CAP CA SDGTRN 5 11.15.2024 2.04%
LOUISVILLE JEFFERSON CNTY KY KY LOUUTL 4 05.15.2034 2.00%
View More Holdings

Dividends

Ex-Dividend Amount Pay Date
Sep 1, 2022 $0.060 Sep 8, 2022
Aug 1, 2022 $0.055 Aug 5, 2022
Jul 1, 2022 $0.0532 Jul 8, 2022
Jun 1, 2022 $0.0472 Jun 7, 2022
May 2, 2022 $0.04382 May 6, 2022
Apr 1, 2022 $0.05633 Apr 7, 2022
Full Dividend History

News

Active ETF Strategies Could Help Exploit Inefficiencies in the Municipal Bond Market

Bond investors can utilize actively managed municipal bond exchange traded funds to  seek out the best opportunities and exploit inefficiencies in the complex muni market. In the recent webcast, Exploit...

Other symbols: FLMI
4 months ago - ETF Trends

Exploiting Inefficiencies in the Muni Market with Active Management

While municipal bonds have always been known for investor benefits such as tax-free income and diversification, the muni market has cheapened amid 2022's heightened volatility – making now an opportune ...

Other symbols: FLMI
4 months ago - ETF Trends

Franklin Templeton Changes Name, Objective For FLMB

Franklin Templeton has changed the name, investment objective, and principal strategies of the Franklin Liberty Municipal Bond ETF (NYSE Arca: FLMB). Effective May 3, the fund was renamed the Franklin M...

4 months ago - ETF Trends

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...

Other symbols: MLNRVNU
1 year ago - ETF Trends

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.

Other symbols: MLNRVNU
2 years ago - ETF Trends

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...

Other symbols: MLNRVNU
2 years ago - ETF Trends

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.

Other symbols: HYMBMLNRVNU
2 years ago - ETF Trends

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...

Other symbols: MLNRVNU
2 years ago - ETF Trends

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?

Other symbols: FMHIITMMLNRVNU
2 years ago - Zacks Investment Research

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...

Other symbols: MLNRVNU
2 years ago - ETF Trends

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.

Other symbols: MLNRVNU
2 years ago - ETF Trends

Municipal Bond Activity Rises in November

Treasury yields have been ticking higher with the major indexes in the equities market notching record highs.

Other symbols: HYMBMLNRVNU
2 years ago - ETF Trends

Muni Bonds Off to Best Start Since 2006: 5 Hot ETFs to Buy

Why muni bond ETFs have been rallying hard this year.

Other symbols: ITMPZTRVNU
3 years ago - Zacks Investment Research