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  • 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

12.00 USD 0.000.00%

As of 09:29:30 ET on 05/04/2015.

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

Year To Date: -0.93% 3-Month: -1.96% 3-Year: +2.01% 52-Week Range: 11.85 - 12.37
1-Month: -1.08% 1-Year: +3.73% 5-Year: +3.23% Beta vs LMBITR: -

Mutual Fund Chart for FRMTX

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  • FRMTX:US 12.00
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Interactive FRMTX Chart

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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: (800) 632-2350
Managers: JOHN POMEROY / JIM CONN
Web Site: www.franklintempleton.com

Fundamentals for FRMTX

NAV (on 2015-05-04) 12.00
Assets (M) (on 2015-03-31) 1,129.47
Fund Leveraged N
Minimum Investment 1,000.00
Minimum Subsequent Investment -

Dividends for FRMTX

Dividend Type Income
Dividend Frequency Monthly
Last Dividend Net (on 2015-04-30) 0.03
Dividend Yield (ttm) 3.12

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: 03/31/2015
Name Position Value % of Total
DETROIT WTR-SR LIEN-A 25,725 26,186,249 2.318%
WAYNE UNIV-REF-GEN 23,550 26,110,827 2.312%
WAYNE UNIV-REF-GEN 22,435 24,929,772 2.207%
MI HOSP FIN-A1-PREREF 19,830 23,701,213 2.098%
MI HOSP FIN-TRINITY-B 20,000 21,765,800 1.927%
MI ST BLDG AUTH-REF 21,000 21,521,010 1.905%
DETROIT WTR-RF-C 20,000 20,339,200 1.801%
ROYAL OAK HOSP FIN -D 17,500 19,536,650 1.730%
DETROIT WTR SR LIEN-B 17,500 19,047,175 1.686%
GRAND VY UNIV-RF-A 17,165 18,973,504 1.680%

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

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