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Morningstar

Franklin Federal Tax Free Income A1 FKTIX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 10.87  /  0.03 %
  • Total Assets 9.2 Bil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.630%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Limited
  • TTM Yield 3.23%
  • Effective Duration 7.97 years

USD | NAV as of Jan 28, 2023 | 1-Day Return as of Jan 28, 2023, 12:08 AM GMT+00:00

Morningstar’s Analysis FKTIX

Will FKTIX 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 FKTIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FKTIX 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 FKTIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A work in progress.

Senior Analyst

Summary

| by Peter Marchese

Franklin Federal Tax-Free Income’s restructuring remains a work in progress. All share classes for this strategy retain a Morningstar Analyst Rating of Neutral.

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