Franklin Liberty Federal Tax-Free Bond ETF (FLMB)
- Expense ratio0.31%
- Net assets$52.9M
- Dividend yield4.42%
- 1-year return-2.02%
- Holdings10
FLMB ETF price chart
FLMB quote & trading statistics
FLMB performance
Annual returns & drawdowns →- YTD-2.23%
- 1 year-2.02%
- 3 years+4.68%/yr
- 5 years-0.04%/yr
- 10 years0.00%/yr
- 1Y volatility
- 7.23%
- 3Y volatility
- 6.86%
- 3Y Sharpe ratio
- -0.17
Returns include reinvested distributions; 3-, 5- and 10-year figures are annualized.
FLMB top 10 holdings
| # | Symbol | Name | Weight |
|---|---|---|---|
| 1 | INTERMOUNTAIN PWR AGY UTAH PWR SUPPLY REV 5% | 3.30% | |
| 2 | CALIFORNIA MUN FIN AUTH STUDENT HSG REV 4% | 3.20% | |
| 3 | CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 2.59% | 3.02% | |
| 4 | OHIO ST UNIV GEN RCPTS 5% | 3.02% | |
| 5 | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4% | 2.85% | |
| 6 | LOS ANGELES CNTY CALIF MET TRANSN AUTH SALES TAX REV 4% | 2.51% | |
| 7 | UNIVERSITY WIS HOSPS & CLINICS AUTH REV 4% | 2.47% | |
| 8 | SAN DIEGO CALIF ASSN GOVTS CAP GRNT RCPTS REV 5% | 2.13% | |
| 9 | MARYLAND ST ECONOMIC DEV CORP PRIVATE ACTIVITY REV 5.25% | 2.05% | |
| 10 | LOUISVILLE & JEFFERSON CNTY KY MET SWR DIST SWR & DRAIN SYS REV 4% | 1.92% |
The top 10 holdings make up 26.5% of the fund (10 holdings in total). As of October 25, 2026.
FLMB bond portfolio
Rate scenarios & peers →- Yield to maturity
- 4.90%
- Effective duration
- 7.98 yrs
- Average maturity
- 14.0 yrs
- Average coupon
- 4.30%
A one-percentage-point rise in interest rates would lower the price by about 8.0%.
About Franklin Liberty Federal Tax-Free Bond ETF
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 adviser 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 invested in securities that pay interest that may be subject to the federal alternative minimum tax and in securities that pay interest subject to other federal or state income taxes.
FLMB ETF FAQ
What is the FLMB expense ratio?
Franklin Liberty Federal Tax-Free Bond ETF has a net expense ratio of 0.31%, or $31.00 a year for every $10,000 invested.
How much money is in FLMB?
Franklin Liberty Federal Tax-Free Bond ETF has about $52.9M in net assets.
What are the top holdings of FLMB?
The largest positions in FLMB are INTERMOUNTAIN PWR AGY UTAH PWR SUPPLY REV 5% (3.30%), CALIFORNIA MUN FIN AUTH STUDENT HSG REV 4% (3.20%), CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 2.59% (3.02%). The fund holds 10 securities in total.
How has FLMB performed?
FLMB returned -2.02% over the past year and -0.04% a year over the past five years, including reinvested distributions.
Does FLMB pay dividends?
FLMB has a dividend yield of 4.42%.
When was FLMB launched?
Franklin Liberty Federal Tax-Free Bond ETF began trading on August 31, 2017.