FLMB ETF Report: Ratings, Analysis, Quotes, Holdings

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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, that intend to finance projects promoting environmental sustainability.

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 in which the bond proceeds will be used for projects that promote environmental sustainability. 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 will not invest more than 15% of the fund's assets in a single state. Prior to Aug. 15, 2020, the fund was named Franklin Liberty Municipal Bond ETF. From Aug. 15, 2020, to May 2, 2022, the fund name was Franklin Liberty Federal Tax-Free Bond ETF.

PERFORMANCE [as of 08/03/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS

FLMB 2.96% 2.65% -8.98% -9.73% -0.20% -- --

FLMB (NAV) 3.02% 2.97% -8.87% -9.53% -0.07% -- --

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

Bloomberg Barclays Municipal Bond 15 Year (12-17 Y) 3.15% 3.30% -7.57% -7.98% 0.48% 2.37% 3.12%

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

FLMB Summary Data

Franklin Templeton

Franklin

08/31/17

Open-Ended Fund

0.30%

$108.71M

$490.13K

0.27%

TFI, MLN, RVNU

Fund Home Page

FLMB Portfolio Data

7.13

3.49%

09/01/22

171

FLMB Index Data

No Underlying Index

Proprietary

Bloomberg Barclays Municipal Bond 15 Year (12-17 Y)

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

-- / --

N/A

Low

Daily

FLMB Factset Analytics Block Liquidity

As of 08/04/22

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

20,671

$490.13K

7,989

$191.55K

0.27%

$0.06

0.00%

0.77% / -0.49%

None

100.00%

50,000

0.16

0.04%

$24.38

N/A

FLMB Sector/Industry Breakdown

FLMB

Segment Benchmark

Government

73.26%

Finance

8.76%

Consumer Services

5.37%

Cash and/or Derivatives

4.49%

Health Services

2.74%

ETF/Mutual Fund or Others

2.20%

Utilities

2.01%

Industrial Services

1.17%

FLMB Top 10 Holdings[View All]

MUNICIPAL BONDS 4.28%

California Cmnty Choice Fing Auth Clean Energy Proj Rev VAR 01-FEB-2052 3.87%

California Mun Fin Auth Student Hsg Rev 4.0% 15-MAY-2039 3.21%

Intermountain Pwr Agy Utah Pwr Supply Rev 5.0% 01-JUL-2043 3.20%

Ohio St Univ Gen Rcpts 5.0% 01-DEC-2023 2.90%

California Cmnty Choice Fing Auth Clean Energy Proj Rev VAR 01-OCT-2052 2.89%

California Infrastructure & Economic Dev Bk Rev FRN 01-AUG-2047 2.83%

University Wis Hosps & Clinics Auth Rev 4.0% 01-APR-2046 2.74%

Maryland St Economic Dev Corp Private Activity Rev 5.25% 30-JUN-2047 2.05%

Public Fin Auth Wis Rev 4.0% 31-MAR-2056 1.99%

Total Top 10 Weighting 29.96%

FLMB Top 5 Countries

FLMB

Segment Benchmark

United States

100.00%

FLMB Top 5 Currencies

FLMB

Segment Benchmark

United States

100.00%

FLMB Performance Statistics

0.92

1.08

FLMB Holdings Statistics

11.50 years

Effective Duration 7.13

3.49%

Credit Spread Duration 7.27

Concentration Medium

Number of Holdings 171

Option Adjusted Spread 0.74%

FLMB Avg Life Maturity Distribution

0 - 1 years 6.52%

1 - 2 years 6.73%

2 - 3 years 3.95%

3 - 5 years 8.61%

5 - 7 years 7.23%

7 - 10 years 23.09%

10 - 15 years 12.92%

15 - 20 years 12.15%

> 20 years 18.81%

FLMB OAS Breakdown

0 - 100 bps 70.25%

100 - 200 bps 26.89%

200 - 300 bps 2.64%

300 - 400 bps 0.23%

400 - 500 bps --

500 - 600 bps --

600 - 700 bps --

700 - 800 bps --

800 - 900 bps --

900 - 1000 bps --

> 1000 bps --

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