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Upturn AI SWOT - About
Franklin Liberty Intermediate Municipal Opportunities ETF (FLMI)
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Upturn Advisory Summary
10/24/2025: 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 8.92% | Avg. Invested days 51 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/24/2025 |
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 tax by investing primarily in investment-grade municipal securities with an intermediate duration. It targets a diversified portfolio of municipal bonds across various states and sectors, aiming to manage interest rate risk while maximizing tax-advantaged income.
Reputation and Reliability
Franklin Templeton is a well-established and reputable global investment management firm with a long history in the financial industry.
Management Expertise
Franklin Templeton has experienced portfolio managers and analysts specializing in municipal bond investing, leveraging their expertise to navigate the municipal bond market.
Investment Objective
Goal
To provide current income exempt from federal income tax.
Investment Approach and Strategy
Strategy: Actively managed portfolio of intermediate-duration municipal bonds.
Composition Primarily municipal bonds, with a focus on investment-grade securities.
Market Position
Market Share: FLMI has a moderate market share within the intermediate municipal bond ETF category.
Total Net Assets (AUM): 122250000
Competitors
Key Competitors
- VTEB
- ITM
- HYMB
Competitive Landscape
The intermediate municipal bond ETF market is competitive, with larger, passively managed funds dominating in terms of AUM and market share. FLMI competes on active management and potentially higher yield, but faces the challenge of attracting assets against lower-cost passive alternatives.
Financial Performance
Historical Performance: Historical performance data should be retrieved directly from financial data providers.
Benchmark Comparison: Benchmark comparison data should be retrieved directly from financial data providers.
Expense Ratio: 0.25
Liquidity
Average Trading Volume
FLMI's average trading volume is moderate, which could impact ease of entry and exit for large positions.
Bid-Ask Spread
The bid-ask spread for FLMI is generally tight, indicating reasonable trading costs, but should be checked in real-time.
Market Dynamics
Market Environment Factors
Economic indicators, interest rate movements, and municipal bond supply/demand dynamics influence FLMI's performance. State and local government fiscal health also plays a vital role.
Growth Trajectory
FLMI's growth trajectory depends on investor demand for tax-exempt income, interest rate trends, and the fund's ability to outperform its benchmark. Strategy changes should be verified with the official Fund documentation.
Moat and Competitive Advantages
Competitive Edge
FLMI's competitive edge lies in its active management, which aims to identify undervalued municipal bonds and capitalize on market inefficiencies. The fund's experienced management team and research capabilities provide a potential advantage in navigating the complexities of the municipal bond market. However, active management also comes with a higher expense ratio compared to passively managed competitors. The success of FLMI hinges on its ability to deliver superior risk-adjusted returns compared to its passive counterparts.
Risk Analysis
Volatility
FLMI's volatility is moderate, reflecting the nature of intermediate-duration municipal bonds.
Market Risk
Market risk includes interest rate risk (sensitivity to rate changes), credit risk (potential for issuer default), and liquidity risk (difficulty in selling bonds).
Investor Profile
Ideal Investor Profile
The ideal investor is a high-net-worth individual or institution seeking tax-advantaged income and looking for exposure to the municipal bond market with intermediate duration.
Market Risk
FLMI is suitable for long-term investors seeking tax-efficient income, but less ideal for active traders due to its less frequent trading volume.
Summary
Franklin Liberty Intermediate Municipal Opportunities ETF aims to provide tax-exempt income by investing in investment-grade municipal bonds of intermediate duration. Its active management strategy seeks to outperform passively managed alternatives. However, this strategy also entails higher expense ratio. The fund is suitable for long-term investors seeking tax-advantaged income but its success hinges on the management's ability to generate superior risk-adjusted returns within the municipal market, considering its moderate liquidity profile.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Franklin Templeton Website
- ETF.com
- Morningstar
- Bloomberg
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Consult with a qualified financial advisor before making any investment decisions. Financial data is subject to change.
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.
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