Morningstar

Franklin Michigan Tax-Free Income Fund Class Adv FMTFX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $10.10  /  +0.30 %
  • Fund Size $600.7M
  • Adjusted Expense Ratio 0.590%
  • Net Expense Ratio 0.590%
  • Fee Level: Distribution Above Average
  • Share Class Type Institutional
  • Morningstar Category Muni Single State Long
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $100,000
  • Investment Status Open
  • TTM Yield 3.73%
  • Average Effective Duration 8.48 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FMTFX

Will FMTFX outperform in the 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 FMTFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Franklin MI Tax-Free Inc Adv holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings FMTFX

More FMTFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

1.98 12M
municipal

TRENTON MICH PUB SCHS SCH DIST 5%

1.89 11M
municipal

MICHIGAN FIN AUTH REV 5%

1.85 11M
municipal

MICHIGAN ST BLDG AUTH REV 5%

1.70 10M
municipal

LANSING MICH 5%

1.65 10M
municipal

LANSING MICH BRD WTR & LT UTIL SYS REV 5%

1.54 9M
municipal

PUBLIC FIN AUTH WIS MULTIFAMILY HSG REV 0%

1.54 9M
municipal

MICHIGAN FIN AUTH REV 5%

1.39 8M
municipal

WAYNE ST UNIV MICH UNIV REVS 4%

1.35 8M
municipal

WAYNE CNTY MICH ARPT AUTH REV 5%

1.32 8M
municipal

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