• 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

12.17 USD 0.02 0.16%

As of 09:29:30 ET on 08/29/2014.

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

Year To Date: +8.73% 3-Month: +1.56% 3-Year: +3.50% 52-Week Range: 11.27 - 12.17
1-Month: +2.03% 1-Year: +10.31% 5-Year: +3.86% Beta vs LMBITR: 1.08

Mutual Fund Chart for FRMTX

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  • FRMTX:US 12.17
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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 2014-08-29) 12.17
Assets (M) (on 2014-07-31) 1,118.19
Fund Leveraged N
Minimum Investment 1,000.00
Minimum Subsequent Investment -

Dividends for FRMTX

Dividend Type Income
Dividend Frequency Monthly
Last Dividend Net (on 2014-08-29) 0.03
Dividend Yield (ttm) 3.35

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: 06/30/2014
Name Position Value % of Total
DETROIT WTR-SR LIEN-A 38,740 38,746,973 3.431%
MICHIGAN HOSP-TRINITY 25,000 28,711,750 2.543%
WAYNE UNIV-REF-GEN 23,550 26,322,071 2.331%
WAYNE UNIV-REF-GEN 22,435 24,606,484 2.179%
MI ST BLDG AUTH-REF 21,000 21,799,050 1.930%
MI HOSP FIN-TRINITY-B 20,000 21,108,200 1.869%
PR S/TAX-1ST SUB-B 25,000 20,630,750 1.827%
DETROIT WTR-RF-C 20,000 19,927,000 1.765%
PR S/TAX-C-1ST SUB 25,445 19,371,024 1.715%
ROYAL OAK HOSP FIN -D 17,500 18,745,125 1.660%

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

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