Franklin Templeton Announces Name Change to Two Tax-Free Bond ETFs
10 September 2020 - 7:30AM
Business Wire
Franklin Templeton today announced Franklin Liberty Intermediate
Municipal Opportunities ETF (FLMI) will be renamed Franklin Liberty
Federal Intermediate Tax-Free Bond Opportunities ETF, and Franklin
Liberty Municipal Bond ETF (FLMB) will be renamed Franklin Liberty
Federal Tax-Free Bond ETF. The changes will become effective
September 14, 2020.
This represents a change in fund name only. There will be no
change to the funds’ ticker symbols. Both funds will continue to be
listed on the NYSE Arca. Each fund’s investment objective,
strategies and portfolio management teams will remain the same.
Benjamin Barber, James Conn, Chris Sperry and Daniel Workman
will continue to manage Franklin Liberty Federal Intermediate
Tax-Free Bond Opportunities ETF, which seeks to provide high levels
of current income exempt from federal income taxes and maintain an
average maturity of 3 to 10 years. The fund provides exposure to
municipal securities across the entire credit rating spectrum,
including below investment grade.
Barber, Conn, Sperry and Nicholas Bucklin will continue to
manage Franklin Liberty Federal Tax-Free Bond ETF, which seeks to
provide high levels of current income exempt from federal incomes
taxes. The fund provides exposure to municipal securities rated in
the top four ratings categories at the time of purchase.
About Franklin
LibertyShares®
ETFs
Franklin Templeton’s ETF platform is designed to seek better
client outcomes through a diverse and innovative product suite
offered across asset classes and geographies. Over 90 ETFs are
offered globally, providing solutions for a range of market
conditions and investment opportunities through active, smart beta
and passively managed ETFs. Our ETF platform has approximately $10
billion in assets under management globally as of July 31, 2020,
including nearly $4.7 billion in active fixed income ETFs, and is
supported by the strength and resources of one of the world’s
largest asset managers. Gather insights on ETF investing by
visiting franklintempleton.com/etfs and follow Franklin
LibertyShares on Twitter: @libertyshares.
Important Information about the Funds
All investments involve risks, including possible loss of
principal.
ETFs trade like stocks, fluctuate in market value and may trade
at prices above or below the ETF’s net asset value. Brokerage
commissions and ETF expenses will reduce returns.
ETF shares may be bought or sold throughout the day at their
market price, not their Net Asset Value (NAV), on the exchange on
which they are listed. Shares of ETFs are tradable on secondary
markets and may trade either at a premium or a discount to their
NAV on the secondary market.
Investors should carefully consider a fund’s investment
goals, risks, charges, and expenses before investing. To obtain a
summary prospectus and/or prospectus, which contains this and other
information, talk to your financial advisor, call us at (800) DIAL
BEN/342-5236 or visit franklintempleton.com. Please
carefully read a prospectus before you invest or send
money.
About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN], is a global investment
management organization with subsidiaries operating as Franklin
Templeton and serving clients in over 165 countries. Franklin
Templeton’s mission is to help clients achieve better outcomes
through investment management expertise, wealth management and
technology solutions. Through its specialist investment managers,
the company brings extensive capabilities in equity, fixed income,
alternatives and custom multi-asset solutions. With offices in over
30 countries and 1,300 investment professionals, the
California-based company has more than 70 years of investment
experience and approximately $1.4 trillion in assets under
management as of July 31, 2020. For more information, please visit
franklintempleton.com and follow us on LinkedIn, Twitter and
Facebook.
Copyright © 2020. Franklin Templeton. All rights reserved.
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version on businesswire.com: https://www.businesswire.com/news/home/20200909006097/en/
Corporate Communications: Stacey Coleman, (650) 525-7458,
stacey.coleman@franklintempleton.com Rebecca Radosevich, (212)
632-3207, rebecca.radosevich@franklintempleton.com
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