- Fund Type: Open-End Fund
- Objective: Muni-Michigan
- Asset Class: Debt
- Geographic Focus: Michigan
Franklin Michigan Tax-Free Income Fund
+ Add to WatchlistFMTFX:US
12.05 USD 0.02 0.17%As of 09:29:30 ET on 06/18/2013.
Snapshot for Franklin Michigan Tax-Free Income Fund (FMTFX)
| Year To Date: | -1.34% | 3-Month: | -1.27% | 3-Year: | - | 52-Week Range: | 12.05 - 12.54 |
|---|---|---|---|---|---|---|---|
| 1-Month: | -2.23% | 1-Year: | +1.95% | 5-Year: | - | Beta vs LMBITR: | 0.86 |
Fund Profile & Information for FMTFX
Franklin Michigan Tax-Free Income Fund is an open-end fund incorporated in the USA. The Fund's objective is a high level of income exempt from federal income tax and Michigan state personal income tax. The Fund invests mainly in Michigan municipal securities.
| Inception Date: | 07-01-2008 | Telephone: | 1-800-632-2301 |
|---|---|---|---|
| Managers: | JOHN POMEROY / JAMES CONN | ||
| Web Site: | www.franklintempleton.com | ||
Fundamentals for FMTFX
| NAV | (on 2013-06-18) 12.05 |
|---|---|
| Assets (M) | (on 2013-05-31) 1,445.14 |
| Fund Leveraged | N |
| Minimum Investment | 1,000.00 |
| Minimum Subsequent Investment | - |
Dividends for FMTFX
| Dividend Type | Income |
|---|---|
| Dividend Frequency | Monthly |
| Last Dividend Net | (on 2013-05-31) 0.04 |
| Dividend Yield (ttm) | 3.67 |
Fees & Expenses for FMTFX
| Front Load | 0.00 |
|---|---|
| Back Load | 0.00 |
| Current Mgmt Fee | 0.47 |
| Redemption Fee | 0.00 |
| 12b1 Fee | 0.00 |
| Expense Ratio | 0.53 |
Top Fund Holdings for FMTFX
Filing Date: 03/28/2013| Name | Position | Value | % of Total |
|---|---|---|---|
| UNIV MI-VAR-GEN-A | 52,425 | 52,425,000 | 3.575% |
| DETROIT WTR-SR LIEN-A | 38,740 | 40,288,438 | 2.747% |
| MI HOSP FIN-TRINITY-B | 30,745 | 32,911,600 | 2.244% |
| MICHIGAN HOSP-TRINITY | 25,000 | 29,781,500 | 2.031% |
| PR S/TAX-1ST SUB-B | 25,000 | 26,858,250 | 1.832% |
| WAYNE UNIV-REF-GEN | 23,550 | 26,643,057 | 1.817% |
| PR S/TAX-C-1ST SUB | 25,445 | 25,798,177 | 1.759% |
| WAYNE UNIV-REF-GEN | 22,435 | 25,119,348 | 1.713% |
| MI ST BLDG AUTH-REF | 21,000 | 22,771,140 | 1.553% |
| MI HGR ED VAR-REF-DET | 20,910 | 20,910,000 | 1.426% |
Quotes delayed, except where indicated otherwise. Mutual fund NAVs include dividends. All prices in local currency. Time is ET.
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