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Franklin MI Tax-Free Inc Adv FMTFX

Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.52  /  +0.03 %
  • Total Assets 689.8 Mil
  • Adj. Expense Ratio
    0.570%
  • Expense Ratio 0.570%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 3.19%
  • Effective Duration 7.27 years

USD | NAV as of Mar 28, 2024 | 1-Day Return as of Mar 28, 2024, 10:12 PM GMT+0

Morningstar’s Analysis FMTFX

Will FMTFX outperform in future?

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

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

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

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Portfolio Holdings FMTFX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 19.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MICHIGAN FIN AUTH REV 5%

2.85 19.8 Mil
municipal

MICHIGAN FIN AUTH REV 4%

2.30 15.9 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

1.89 13.1 Mil
municipal

MICHIGAN ST BLDG AUTH REV 5%

1.83 12.6 Mil
municipal

MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV 3.1%

1.82 12.6 Mil
municipal

MICHIGAN FIN AUTH REV 5%

1.79 12.4 Mil
municipal

TRENTON MICH PUB SCHS SCH DIST 5%

1.77 12.3 Mil
municipal

MICHIGAN FIN AUTH REV 5%

1.64 11.3 Mil
municipal

LANSING MICH 5%

1.57 10.9 Mil
municipal

MICHIGAN FIN AUTH REV 5%

1.52 10.5 Mil
municipal