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Franklin Templeton changes names of two US-listed tax-free bond ETFs

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Franklin Templeton is to rename the Franklin Liberty Intermediate Municipal Opportunities ETF (FLMI) as the Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF, and Franklin Liberty Municipal Bond ETF (FLMB) as the Franklin Liberty Federal Tax-Free Bond ETF. 

Franklin Templeton is to rename the Franklin Liberty Intermediate Municipal Opportunities ETF (FLMI) as the Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF, and Franklin Liberty Municipal Bond ETF (FLMB) as the Franklin Liberty Federal Tax-Free Bond ETF. The changes will become effective 14 September, 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 three to ten 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.

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