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Morningstar

Franklin MI Tax-Free Inc C FRMTX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.53  /  +0.12 %
  • Total Assets 681.2 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 2.51%
  • Effective Duration 7.27 years

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 10:13 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.

  • 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.

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.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FRMTX

More FRMTX Holdings
  • 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