FLMB ETF Report: Ratings, Analysis, Quotes, Holdings

Competing ETFs: MLN, RVNU

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*Unless otherwise stated, data provided by FactSet.

FLMB Fund Description

FLMB is an actively managed fund that invests primarily in investment-grade municipal bonds with a broad range in maturities.

FLMB Factset Analytics Insight

FLMB seeks a high level of current income, free from federal taxes, without the use of leverage. The portfolio relies on Franklin Templeton’s access and experience in the fixed income markets to select investment-grade municipal securities. While the portfolio will hold securities of varying maturities, the managers seek to maintain a dollar-weighted average portfolio maturity of 5 to 15 years. FLMB is inexpensive to hold, especially in light of the level of expertise required to manage a portfolio in this sometimes volatile area of the market. Due to the nature of the underlying assets, the use of limit orders is suggested.

FLMB Charts And Performance

Price Chart ($)

Total Return Chart (%)

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PERFORMANCE [as of 12/04/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS

FLMB 0.18% -0.97% 8.68% 10.88% -- -- --

FLMB (NAV) 0.22% -0.99% 8.69% 10.19% -- -- --

No Underlying Index -- -- -- -- -- -- --

Bloomberg Barclays AMT-Free Long Continuous Municipal Index 0.45% -0.72% 10.76% 11.78% 7.38% 5.16% 6.10%

All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FLMB Summary Data

Franklin Templeton Investments

LibertyShares

08/31/17

Open-Ended Fund

0.30%

$27.31M

$45.52K

0.25%

Fund Home Page

FLMB Portfolio Data

7.02

2.69%

11/29/19

114

FLMB Index Data

No Underlying Index

Proprietary

Bloomberg Barclays AMT-Free Long Continuous Municipal Index

FLMB Portfolio Management

0.30%

Max. Downside Tracking Difference (12 Mo) --

FLMB Tax Exposures

20.00% / 39.60%

Ordinary income

FLMB Fund Structure

Open-Ended Fund

No Policy

N/A

Medium

Daily

Cboe Book Viewer

Top Of Book

Last 10 Trades

Bats BZX Real-time Quote -

FLMB Factset Analytics Block Liquidity

As of 12/05/19

This measurement shows how easy it is to trade a $1 million USD block of FLMB. FLMB is rated a N/A out of 5.

FLMB Tradability

1,669

$45.52K

972

$26.61K

0.25%

$0.07

0.10%

0.38% / -0.21%

None

100.00%

50,000

0.02

0.04%

$26.01

N/A

FLMB Sector/Industry Breakdown

FLMB

Segment Benchmark

Revenue

69.40%

General obligation

29.77%

Double barrel

0.82%

FLMB Top 10 Holdings[View All]

Seattle Wash Mun Lt & Pwr Rev 4.0% 01-SEP-2035 2.93%

Long Is Pwr Auth N Y Elec Sys Rev 5.0% 01-SEP-2028 2.81%

New York St Dorm Auth Sales Tax Rev St Supporteddebt 5.0% 15-MAR-2033 2.74%

California St 3.0% 01-OCT-2037 2.69%

Lamar Tex Cons Indpt Sch Dist 4.0% 15-FEB-2030 2.62%

Miami-Dade Cnty Fla Tran Sys Sales Surtax Rev 4.0% 01-JUL-2036 2.54%

New Jersey St Transn Tr Fd Auth 0.0% 15-DEC-2029 2.48%

Marion & Polk Cntys Ore Sch Dist No 24J Salem 5.0% 15-JUN-2036 2.29%

Arlington Cnty Va 4.0% 15-JUN-2035 2.17%

Missouri St Health & Edl Facs Auth Health Facs Rev 4.0% 01-DEC-2035 2.13%

Total Top 10 Weighting 25.4%

FLMB Top 5 Countries

FLMB

Segment Benchmark

United States

100.00%

FLMB Top 5 Currencies

FLMB

Segment Benchmark

USD

100.00%

FLMB Performance Statistics

0.87

0.86

FLMB Holdings Statistics

8.73 years

Effective Duration 7.02

2.69%

Credit Spread Duration 7.10

Concentration Low

Number of Holdings 114

Option Adjusted Spread 0.53%

FLMB Avg Life Maturity Distribution

0 - 1 years 8.80%

1 - 2 years --

2 - 3 years --

3 - 5 years 6.34%

5 - 7 years 12.29%

7 - 10 years 51.71%

10 - 15 years 14.96%

15 - 20 years 5.20%

> 20 years 0.70%

FLMB OAS Breakdown

0 - 100 bps 97.76%

100 - 200 bps 1.54%

200 - 300 bps 0.70%

300 - 400 bps --

400 - 500 bps --

500 - 600 bps --

600 - 700 bps --

700 - 800 bps --

800 - 900 bps --

900 - 1000 bps --

> 1000 bps --

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