• 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

12.20 USD 0.01 0.08%

As of 09:29:30 ET on 11/26/2014.

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

Year To Date: +9.57% 3-Month: +1.46% 3-Year: +3.28% 52-Week Range: 11.45 - 12.31
1-Month: +0.10% 1-Year: +9.37% 5-Year: +3.76% Beta vs LMBITR: 1.09

Mutual Fund Chart for FRMTX

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  • FRMTX:US 12.20
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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 / JAMES CONN
Web Site: www.franklintempleton.com

Fundamentals for FRMTX

NAV (on 2014-11-26) 12.20
Assets (M) (on 2014-10-31) 1,133.11
Fund Leveraged N
Minimum Investment 1,000.00
Minimum Subsequent Investment -

Dividends for FRMTX

Dividend Type Income
Dividend Frequency Monthly
Last Dividend Net (on 2014-10-31) 0.03
Dividend Yield (ttm) 3.31

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: 09/30/2014
Name Position Value % of Total
MICHIGAN HOSP-TRINITY 25,000 29,121,250 2.578%
WAYNE UNIV-REF-GEN 23,550 26,551,448 2.350%
DETROIT WTR-SR LIEN-A 25,725 26,213,775 2.320%
WAYNE UNIV-REF-GEN 22,435 24,999,545 2.213%
MI ST BLDG AUTH-REF 21,000 21,750,750 1.925%
MI HOSP FIN-TRINITY-B 20,000 21,321,000 1.887%
DETROIT WTR-RF-C 20,000 20,373,200 1.803%
PR S/TAX-1ST SUB-B 25,000 20,127,500 1.782%
DETROIT WTR SR LIEN-B 17,500 19,156,900 1.696%
ROYAL OAK HOSP FIN -D 17,500 19,133,450 1.694%

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

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