Morningstar

Franklin Michigan Tax-Free Income Fund Class C FRMTX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $9.95  /  +0.61 %
  • Fund Size $591.0M
  • Adjusted Expense Ratio 1.240%
  • Net Expense Ratio 1.240%
  • Fee Level: Distribution Low
  • Share Class Type Level Load
  • Morningstar Category Muni Single State Long
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 2.99%
  • Average Effective Duration 8.01 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FRMTX

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

  • People Pillar

    The People Pillar is our evaluation of the FRMTX 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 FRMTX’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 C holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

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Portfolio Holdings FRMTX

More FRMTX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

GRAND TRAVERSE CNTY MICH HOSP FIN AUTH HOSP REV 2.8%

2.01 13M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

1.93 13M
municipal

MICHIGAN ST BLDG AUTH REV 5%

1.88 12M
municipal

MICHIGAN FIN AUTH REV 5%

1.86 12M
municipal

TRENTON MICH PUB SCHS SCH DIST 5%

1.80 12M
municipal

LANSING MICH 5%

1.58 10M
municipal

MICHIGAN ST HOSP FIN AUTH REV 5%

1.56 10M
municipal

MICHIGAN ST BLDG AUTH REV 5%

1.55 10M
municipal

PUBLIC FIN AUTH WIS MULTIFAMILY HSG REV 0%

1.53 10M
municipal

LANSING MICH BRD WTR & LT UTIL SYS REV 5%

1.47 10M
municipal

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