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Franklin MI Tax-Free Inc C FRMTX

Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.67  /  −0.09 %
  • Total Assets 689.2 Mil
  • Adj. Expense Ratio
    1.210%
  • Expense Ratio 1.210%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.48%
  • Effective Duration 7.27 years

USD | NAV as of Feb 22, 2024 | 1-Day Return as of Feb 22, 2024, 11:13 PM GMT+0

Morningstar’s Analysis FRMTX

Will FRMTX 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 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 second-highest quintile among peers.

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Portfolio Holdings FRMTX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 18.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MICHIGAN FIN AUTH REV 5%

2.84 19.7 Mil
municipal

MICHIGAN FIN AUTH REV 4%

2.29 15.9 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

1.87 13.0 Mil
municipal

MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV 3.1%

1.83 12.8 Mil
municipal

MICHIGAN ST BLDG AUTH REV 5%

1.81 12.6 Mil
municipal

MICHIGAN FIN AUTH REV 5%

1.76 12.2 Mil
municipal

TRENTON MICH PUB SCHS SCH DIST 5%

1.75 12.2 Mil
municipal

MICHIGAN FIN AUTH REV 5%

1.63 11.3 Mil
municipal

LANSING MICH 5%

1.57 10.9 Mil
municipal

MICHIGAN FIN AUTH REV 5%

1.51 10.5 Mil
municipal