• Fund Type: Open-End Fund
  • Objective: Muni Single State Long
  • Asset Class: Fixed Income
  • Geographic Focus: Michigan

Franklin Michigan Tax-Free Income Fund

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FRMTX:US

11.97 USD 0.01 0.08%

As of 09:29:30 ET on 07/24/2014.

Snapshot for Franklin Michigan Tax-Free Income Fund (FRMTX)

Year To Date: +6.37% 3-Month: +1.61% 3-Year: +3.27% 52-Week Range: 11.27 - 12.09
1-Month: +0.02% 1-Year: +6.07% 5-Year: +3.75% Beta vs LMBITR: 1.08

Mutual Fund Chart for FRMTX

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  • FRMTX:US 11.97
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Fund Profile & Information for FRMTX

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: 05-01-1995 Telephone: 1-800-632-2301
Managers: JOHN POMEROY / JAMES CONN
Web Site: www.franklintempleton.com

Fundamentals for FRMTX

NAV (on 2014-07-24) 11.97
Assets (M) (on 2014-06-30) 1,129.20
Fund Leveraged N
Minimum Investment 1,000.00
Minimum Subsequent Investment -

Dividends for FRMTX

Dividend Type Income
Dividend Frequency Monthly
Last Dividend Net (on 2014-06-30) 0.03
Dividend Yield (ttm) 3.37

Fees & Expenses for FRMTX

Front Load 0.00
Back Load 1.00
Current Mgmt Fee 0.46
Redemption Fee 0.00
12b1 Fee 0.65
Expense Ratio 1.18

Top Fund Holdings for FRMTX

Filing Date: 03/31/2014
Name Position Value % of Total
DETROIT WTR-SR LIEN-A 38,740 37,538,285 3.339%
MICHIGAN HOSP-TRINITY 25,000 28,463,500 2.532%
WAYNE UNIV-REF-GEN 23,550 25,757,106 2.291%
WAYNE UNIV-REF-GEN 22,435 23,151,574 2.059%
MI ST BLDG AUTH-REF 21,000 21,920,430 1.950%
MI HOSP FIN-TRINITY-B 20,000 20,634,200 1.836%
PR S/TAX-1ST SUB-B 25,000 20,126,500 1.790%
DETROIT WTR-RF-C 20,000 19,925,000 1.772%
PR S/TAX-C-1ST SUB 25,445 18,992,911 1.690%
DETROIT SWR UNREF-A 18,790 18,174,628 1.617%

Quotes delayed, except where indicated otherwise. Mutual fund NAVs include dividends. All prices in local currency. Time is ET.

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