Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
Franklin MI Tax-Free Inc C FRMTX
- NAV / 1-Day Return 10.61 / +0.39 %
- Total Assets 675.9 Mil
-
Adj. Expense Ratio
- 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 2.58%
- Effective Duration 7.09 years
USD | NAV as of May 07, 2024 | 1-Day Return as of May 07, 2024, 10:22 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.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 18.6
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
MICHIGAN FIN AUTH REV 5% | 2.42 | 16.7 Mil | municipal |
MICHIGAN FIN AUTH REV 4% | 2.31 | 15.9 Mil | municipal |
PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | 1.90 | 13.1 Mil | municipal |
MICHIGAN ST BLDG AUTH REV 5% | 1.83 | 12.7 Mil | municipal |
MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV 3.1% | 1.82 | 12.5 Mil | municipal |
MICHIGAN FIN AUTH REV 5% | 1.80 | 12.4 Mil | municipal |
TRENTON MICH PUB SCHS SCH DIST 5% | 1.78 | 12.3 Mil | municipal |
MICHIGAN FIN AUTH REV 5% | 1.65 | 11.4 Mil | municipal |
LANSING MICH 5% | 1.58 | 10.9 Mil | municipal |
MICHIGAN ST BLDG AUTH REV 5% | 1.51 | 10.4 Mil | municipal |