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Morningstar

Franklin Federal Tax Free Income C FRFTX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.87  /  +0.12 %
  • Total Assets 8.7 Bil
  • Adj. Expense Ratio
    1.190%
  • Expense Ratio 1.190%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.99%
  • Effective Duration 7.07 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:12 PM GMT+0

Morningstar’s Analysis FRFTX

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

  • People Pillar

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

The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit Franklin Federal Tax Free Income C to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FRFTX

More FRFTX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 5.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5%

0.72 63.5 Mil
municipal

TENNERGY CORP TENN GAS REV 5.5%

0.67 59.0 Mil
municipal

SAN MATEO FOSTER CITY CALIF SCH DIST 0%

0.61 53.5 Mil
municipal

FLORIDA DEV FIN CORP REV 5.25%

0.60 52.7 Mil
municipal

MIAMI-DADE CNTY FLA EXPWY AUTH TOLL SYS REV 5%

0.57 50.3 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

0.56 48.9 Mil
municipal

METROPOLITAN TRANSN AUTH N Y REV 5%

0.55 48.3 Mil
municipal

LIBERTY N Y DEV CORP REV 5.25%

0.53 46.8 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%

0.53 46.2 Mil
municipal

CAPITAL TR AUTH FLA MULTIFAMILY HSG REV 0%

0.51 44.7 Mil
municipal