Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
Upturn AI SWOT - About
Franklin Liberty Intermediate Municipal Opportunities ETF (FLMI)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
08/14/2025: FLMI (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 4.99% | Avg. Invested days 45 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.9 | 52 Weeks Range 22.88 - 24.86 | Updated Date 06/29/2025 |
52 Weeks Range 22.88 - 24.86 | Updated Date 06/29/2025 |
Upturn AI SWOT
Franklin Liberty Intermediate Municipal Opportunities ETF
ETF Overview
Overview
The Franklin Liberty Intermediate Municipal Opportunities ETF (FLMI) seeks to provide current income exempt from federal income taxes by investing primarily in investment-grade municipal securities with an average maturity of 3 to 10 years. It focuses on opportunities in the municipal bond market.
Reputation and Reliability
Franklin Templeton is a well-established and reputable asset management firm with a long history in the investment industry.
Management Expertise
Franklin Templeton has a dedicated team of portfolio managers and analysts with significant experience in municipal bond investing.
Investment Objective
Goal
Seeks to provide current income exempt from federal income taxes.
Investment Approach and Strategy
Strategy: Actively managed, focusing on identifying undervalued municipal bonds.
Composition Primarily holds investment-grade municipal securities.
Market Position
Market Share: FLMI's market share in the intermediate municipal bond ETF sector is moderate.
Total Net Assets (AUM): 629200000
Competitors
Key Competitors
- VTEB
- MUB
- ITM
- HYD
Competitive Landscape
The intermediate municipal bond ETF market is competitive, with several large players. FLMI competes on active management and security selection. FLMI differentiates through its active approach, aiming for higher yields and risk-adjusted returns compared to passive index trackers. However, this active management also results in higher fees than some passive competitors.
Financial Performance
Historical Performance: Historical performance data needs to be checked for updated values.
Benchmark Comparison: Performance should be compared against an appropriate intermediate municipal bond index.
Expense Ratio: 0.35
Liquidity
Average Trading Volume
FLMI's average trading volume indicates good liquidity, allowing investors to buy and sell shares efficiently.
Bid-Ask Spread
The bid-ask spread is generally tight, indicating efficient trading costs.
Market Dynamics
Market Environment Factors
Economic factors, interest rate changes, and municipal bond market conditions significantly affect FLMI's performance.
Growth Trajectory
Growth depends on the demand for tax-exempt income and the fund's ability to generate competitive returns.
Moat and Competitive Advantages
Competitive Edge
FLMI's active management strategy provides a competitive edge by allowing the fund to identify and capitalize on opportunities within the municipal bond market that passive ETFs might miss. The experienced management team at Franklin Templeton also contributes to the fund's ability to navigate complex market conditions. This expertise can potentially lead to superior risk-adjusted returns for investors. Furthermore, Franklin Templeton's distribution network can aid in attracting and retaining assets under management.
Risk Analysis
Volatility
Volatility is generally moderate, typical of investment-grade municipal bond funds.
Market Risk
Risks include interest rate risk (bond prices decline as rates rise) and credit risk (possibility of issuer default).
Investor Profile
Ideal Investor Profile
Suitable for investors seeking tax-exempt income and diversification in their fixed-income portfolio.
Market Risk
Best suited for long-term investors seeking a steady stream of tax-advantaged income.
Summary
FLMI offers investors access to a portfolio of investment-grade municipal bonds, providing tax-exempt income. Its active management approach aims to outperform passive benchmarks. While the expense ratio is higher than some passive options, the potential for higher returns and active risk management may justify the cost for some investors. Overall, FLMI is a solid choice for those seeking tax-advantaged income in a diversified portfolio.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Franklin Templeton Website
- ETF.com
- Morningstar
- Bloomberg
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Consult with a qualified financial advisor before making any investment decisions. Market share data may vary depending on the source and calculation methodology. Performance data should be viewed in conjunction with a fund's prospectus.
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 Intermediate Municipal Opportunities ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
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.
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.