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Morningstar

Franklin MO Tax Free Income Adv FRMZX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.39  /  −0.09 %
  • Total Assets 677.7 Mil
  • Adj. Expense Ratio
    0.560%
  • Expense Ratio 0.560%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.55%
  • Effective Duration 6.88 years

USD | NAV as of May 21, 2024 | 1-Day Return as of May 21, 2024, 10:17 PM GMT+0

Morningstar’s Analysis FRMZX

Will FRMZX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FRMZX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FRMZX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FRMZX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Franklin MO Tax Free Income Adv to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FRMZX

More FRMZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 28.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG 5%

4.65 31.3 Mil
municipal

MISSOURI JT MUN ELEC UTIL COMMN PWR PROJ REV 5%

4.27 28.8 Mil
municipal

METROPOLITAN ST LOUIS MO SWR DIST WASTEWTR SYS REV 5%

3.85 26.0 Mil
municipal

MISSOURI ST HEALTH & EDL FACS AUTH HEALTH FACS REV 5%

2.85 19.2 Mil
municipal

METROPOLITAN ST LOUIS MO SWR DIST WASTEWTR SYS REV 5%

2.33 15.8 Mil
municipal

WENTZVILLE MO SCH DIST NO R-04 4%

2.31 15.6 Mil
municipal

ST LOUIS MO ARPT REV 5.5%

2.19 14.8 Mil
municipal

MISSOURI ST HEALTH & EDL FACS AUTH HEALTH FACS REV 5%

2.07 14.0 Mil
municipal

KANSAS CITY MO INDL DEV AUTH REV 5.5%

1.80 12.1 Mil
municipal

MISSOURI ST HEALTH & EDL FACS AUTH EDL FACS REV 5%

1.75 11.8 Mil
municipal