About Franklin Liberty Intermediate Municipal Opportunities ETF (FLMI)

Franklin Liberty Intermediate Municipal Opportunities ETF (FLMI) is a municipal bond exchange-traded fund (ETF) that seeks to provide income exempt from federal income taxes. The fund aims to achieve its investment objective by investing in a diversified portfolio of municipal bonds with intermediate-term maturities. Municipal bonds are debt securities issued by state and local governments to finance public infrastructure projects such as schools, highways, and water treatment facilities. They are generally considered to be low-risk investments due to their tax-exempt status and the historically low default rate of municipal issuers.

In terms of its price history, FLMI has shown relatively stable performance over the years. Its price has fluctuated within a narrow range, reflecting the conservative nature of municipal bonds. This stability makes FLMI an attractive option for income-focused investors who prioritize capital preservation. By investing in municipal bonds, the ETF provides a steady stream of tax-exempt income to its shareholders, which is especially advantageous for individuals in higher tax brackets.