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Upturn AI SWOT - About
Franklin Liberty Federal Tax-Free Bond ETF (FLMB)
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Upturn Advisory Summary
10/24/2025: FLMB (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit -2.76% | Avg. Invested days 31 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/24/2025 |
Key Highlights
Volume (30-day avg) - | Beta 1.23 | 52 Weeks Range 21.92 - 23.98 | Updated Date 06/29/2025 |
52 Weeks Range 21.92 - 23.98 | Updated Date 06/29/2025 |
Upturn AI SWOT
Franklin Liberty Federal Tax-Free Bond ETF
ETF Overview
Overview
The Franklin Liberty Federal Tax-Free Bond ETF (FLMB) seeks to provide current income exempt from federal income taxes by investing primarily in investment-grade municipal bonds. It aims for a diversified portfolio of U.S. municipal bonds.
Reputation and Reliability
Franklin Templeton is a well-established and reputable global investment management firm with a long history in the industry.
Management Expertise
The management team has extensive experience in fixed income and municipal bond investing.
Investment Objective
Goal
The fund's investment goal is to provide current income exempt from federal income taxes.
Investment Approach and Strategy
Strategy: The ETF does not track a specific index but is actively managed to achieve its investment objective within defined parameters.
Composition The ETF primarily holds investment-grade municipal bonds issued by state and local governments.
Market Position
Market Share: Insufficient data available to provide precise market share.
Total Net Assets (AUM): 433250000
Competitors
Key Competitors
- VTEB
- MUB
- ITM
Competitive Landscape
The municipal bond ETF market is highly competitive, with several large players. FLMB competes on active management, seeking to outperform passive peers through security selection and duration management. It competes with larger ETFs such as VTEB and MUB, which are passively managed, resulting in lower expense ratios.
Financial Performance
Historical Performance: Historical performance data needs to be sourced from financial data providers. Please refer to fund factsheet.
Benchmark Comparison: Benchmark comparison is not explicitly defined as the fund is actively managed. Performance is generally compared to broad municipal bond indices.
Expense Ratio: 0.29
Liquidity
Average Trading Volume
The ETF's average trading volume indicates adequate liquidity for most investors.
Bid-Ask Spread
The bid-ask spread provides a measure of the cost of trading the ETF and is typically tight.
Market Dynamics
Market Environment Factors
Interest rate changes, credit spreads, and the overall health of the municipal bond market significantly influence the fund's performance.
Growth Trajectory
Growth depends on inflows into municipal bond ETFs and the ability of the managers to outperform their benchmark.
Moat and Competitive Advantages
Competitive Edge
FLMB's competitive edge lies in its active management style. The fund aims to generate alpha by actively selecting municipal bonds and adjusting duration, offering the potential to outperform passive index-tracking ETFs. Franklin Templeton's experienced fixed income team contributes to this competitive advantage. Its targeted approach and Franklin's wide reach can be beneficial.
Risk Analysis
Volatility
Volatility is influenced by interest rate sensitivity and credit risk of the underlying municipal bonds.
Market Risk
Market risk includes interest rate risk, credit risk (risk of default on municipal bonds), and liquidity risk.
Investor Profile
Ideal Investor Profile
The ideal investor is seeking tax-exempt income and is comfortable with moderate interest rate and credit risk. Investors looking to reduce their federal tax burden may find this fund appealing.
Market Risk
The ETF is suitable for long-term investors seeking a tax-advantaged income stream, and who are willing to let a fund manager make bond allocations.
Summary
The Franklin Liberty Federal Tax-Free Bond ETF (FLMB) offers tax-exempt income by investing in municipal bonds and is actively managed, potentially outperforming passive options. Its active management and Franklin Templeton's expertise offer a competitive advantage in the space. It is best suited for long-term investors, seeking a tax-advantaged income stream with moderate risk tolerance. Investors should consider the expense ratio and understand the risks associated with municipal bonds before investing.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Franklin Templeton Website
- ETF.com
- Morningstar
Disclaimers:
The data provided is for informational purposes only and does not constitute investment advice. Market share estimates are based on available information and may not be precise. Investment decisions should be based on thorough research and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Franklin Liberty Federal Tax-Free Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
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.
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