Franklin Liberty Intermediate Etf Profile
| FLMI Etf | USD 25.06 0.22 0.89% |
Performance8 of 100
| Odds Of DistressLess than 9
|
Franklin Liberty is trading at 25.06 as of the 30th of November 2024. This is a 0.89 percent increase since the beginning of the trading day. The etf's open price was 24.84. Franklin Liberty has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Franklin Liberty Intermediate are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2024 and ending today, the 30th of November 2024. Click here to learn more.
Under normal market conditions, the fund invests at least 80 percent of its net assets in municipal securities whose interest is free from federal income taxes, including the federal alternative minimum tax. Franklin Liberty is traded on NYSEARCA Exchange in the United States. More on Franklin Liberty Intermediate
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Franklin Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Municipals ETFs, Broad Municipals ETFs, High Yield Muni, Franklin Templeton Investments (View all Sectors) |
| Issuer | Franklin Templeton Investments |
| Inception Date | 2017-08-31 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 372.47 Million |
| Average Trading Valume | 109,841.2 |
| Asset Type | Fixed Income |
| Category | Municipals |
| Focus | Broad Municipals |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | Franklin Templeton Services, LLC |
| Advisor | Franklin Advisers, Inc. |
| Custodian | State Street Bank and Trust Company |
| Distributor | Franklin Templeton Distributors, Inc. |
| Portfolio Manager | James Conn, Christopher Sperry, Daniel Workman |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 31-Aug |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 655 |
| Market Maker | Flow Traders |
| Total Expense | 0.3 |
| Management Fee | 0.3 |
| Country Name | USA |
| Returns Y T D | 5.93 |
| Name | Franklin Liberty Intermediate Municipal Opportunities ETF |
| Currency Code | USD |
| Open Figi | BBG00HLJ4L24 |
| In Threey Volatility | 7.25 |
| 1y Volatility | 5.9 |
| 200 Day M A | 24.532 |
| 50 Day M A | 24.786 |
| Code | FLMI |
| Updated At | 29th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.4) |
Franklin Liberty Intermediate [FLMI] is traded in USA and was established 2017-08-31. The fund is listed under High Yield Muni category and is part of Franklin Templeton Investments family. The entity is thematically classified as Municipals ETFs. Franklin Liberty Int currently have 91.21 M in assets under management (AUM). , while the total return for the last 3 years was 0.9%.
Check Franklin Liberty Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Franklin Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Franklin Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Franklin Liberty Intermediate Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Franklin Liberty Intermediate Etf Constituents
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV 0.375% | 2.6600001% |
| LOUISVILLE & JEFFERSON CNTY KY MET SWR DIST SWR & DRAIN SYS REV 4% | 1.5800001% |
| TENNESSEE ENERGY ACQUISITION CORP COMMODITY PROJ REV 5% | 1.6% |
| NEW JERSEY ST 4% | 1.55% |
| LA JOYA TEX INDPT SCH DIST 5% | 2.1300001% |
| TEXAS MUN GAS ACQUISITION & SUPPLY CORP III GAS SUPPLY REV 5% | 1.59% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% | 1.56% |
| ILLINOIS ST SALES TAX REV 4% | 1.65% |
| LOWER COLO RIV AUTH TEX REV 5% | 1.67% |
| FLORIDA DEV FIN CORP HEALTHCARE FACS REV 5% | 1.45000005% |
Franklin Liberty Top Holders
| FQTHX | Franklin Templeton Smacs | Mutual Fund | Miscellaneous Fixed Income |
Franklin Liberty Int Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Franklin Liberty. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.0649 | |||
| Jensen Alpha | 0.0338 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.31) |
Franklin Liberty Against Markets
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Liberty Intermediate. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
The market value of Franklin Liberty Int is measured differently than its book value, which is the value of Franklin that is recorded on the company's balance sheet. Investors also form their own opinion of Franklin Liberty's value that differs from its market value or its book value, called intrinsic value, which is Franklin Liberty's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Franklin Liberty's market value can be influenced by many factors that don't directly affect Franklin Liberty's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Franklin Liberty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin Liberty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin Liberty's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.