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Upturn AI SWOT - About
Franklin Liberty Federal Tax-Free Bond ETF (FLMB)
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Upturn Advisory Summary
08/14/2025: FLMB (1-star) is currently NOT-A-BUY. Pass it for now.
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 -3.8% | Avg. Invested days 36 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/14/2025 |
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 (FLTB) seeks to provide current income exempt from federal income taxes by investing in U.S. federal tax-exempt municipal bonds.
Reputation and Reliability
Franklin Templeton has a long-standing reputation and reliability in the asset management industry.
Management Expertise
Franklin Templeton has experienced professionals managing its fixed-income ETFs.
Investment Objective
Goal
To provide current income exempt from federal income taxes.
Investment Approach and Strategy
Strategy: The ETF employs a rules-based approach, dynamically allocating across the U.S. municipal bond market to seek the best relative value.
Composition The ETF primarily holds municipal bonds that are exempt from federal income tax. It invests in securities rated investment grade.
Market Position
Market Share: FLTB holds a moderate market share within the municipal bond ETF space.
Total Net Assets (AUM): 92480000
Competitors
Key Competitors
- MUB
- VTEB
- ITM
Competitive Landscape
The municipal bond ETF market is dominated by large players like MUB and VTEB. FLTB distinguishes itself with its active management approach, which may offer advantages in certain market conditions. However, the active management can lead to higher fees compared to passively managed competitors. FLTB's advantages include potential outperformance through active management.
Financial Performance
Historical Performance: Historical performance data needs to be obtained from financial data providers.
Benchmark Comparison: Benchmark comparison requires historical data and the ETF's specific benchmark information.
Expense Ratio: 0.29
Liquidity
Average Trading Volume
The ETF's average trading volume indicates reasonable liquidity for most investors.
Bid-Ask Spread
The bid-ask spread is typically tight, suggesting efficient trading costs.
Market Dynamics
Market Environment Factors
Interest rate changes, tax law revisions, and the overall health of the municipal bond market significantly affect FLTB.
Growth Trajectory
Growth depends on investor demand for tax-advantaged income and the ETF's ability to outperform its passive peers.
Moat and Competitive Advantages
Competitive Edge
FLTB's active management approach attempts to add value over passive municipal bond ETFs. It offers a differentiated strategy for investors seeking potentially higher returns. The dynamic allocation across the municipal bond market aims to exploit inefficiencies and generate alpha. Franklin Templeton's expertise in fixed-income investing further supports FLTB's competitive edge.
Risk Analysis
Volatility
FLTB's volatility is generally moderate due to its focus on investment-grade municipal bonds.
Market Risk
Market risk includes interest rate risk, credit risk (though limited due to the investment-grade focus), and potential changes in tax laws that could affect the attractiveness of municipal bonds.
Investor Profile
Ideal Investor Profile
The ideal investor is seeking tax-exempt income and is comfortable with the risks associated with fixed-income investing. This ETF may be suitable for investors in higher tax brackets.
Market Risk
FLTB is suitable for long-term investors seeking stable income and potential capital appreciation within a tax-advantaged framework.
Summary
The Franklin Liberty Federal Tax-Free Bond ETF seeks to provide federal tax-free income through investing in investment-grade municipal bonds. Its active management strategy differentiates it from passive peers, aiming to add value. The fund is suitable for long-term investors seeking tax-advantaged income and is comfortable with the risks associated with fixed-income investments. Franklin Templeton's fixed-income expertise supports this ETF's management. However, investors should consider the higher expense ratio associated with active management compared to passive alternatives.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Franklin Templeton website
- ETF.com
- Morningstar
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Past performance is not indicative of future results. Investors should consult with a qualified financial advisor before making any investment decisions.
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.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.