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Franklin MI Tax-Free Inc C FRMTX

Quantitative rating as of
  • NAV / 1-Day Return 10.76  /  0.09 %
  • Total Assets 740.2 Mil
  • Adj. Expense Ratio
  • Expense Ratio 1.230%
  • 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 2.22%
  • Effective Duration 7.62 years

Morningstar’s Analysis FRMTX

Will FRMTX outperform in future?

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

Summary

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Weakness in Franklin MI Tax-Free Inc C's Process and People Pillar ratings limits this strategy to a Morningstar Quantitative Rating of Negative. 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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