• 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

11.92 USD 0.01 0.08%

As of 09:29:30 ET on 04/15/2014.

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

Year To Date: +5.04% 3-Month: +3.77% 3-Year: +4.32% 52-Week Range: 11.27 - 12.55
1-Month: +0.80% 1-Year: -1.29% 5-Year: +4.07% Beta vs LMBITR: 1.05

Mutual Fund Chart for FRMTX

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  • FRMTX:US 11.92
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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 2014-04-15) 11.92
Assets (M) (on 2014-02-28) 1,124.39
Fund Leveraged N
Minimum Investment 1,000.00
Minimum Subsequent Investment -

Dividends for FRMTX

Dividend Type Income
Dividend Frequency Monthly
Last Dividend Net (on 2014-03-31) 0.03
Dividend Yield (ttm) 3.25

Fees & Expenses for FRMTX

Front Load 0.00
Back Load 1.00
Current Mgmt Fee 0.47
Redemption Fee 0.00
12b1 Fee 0.65
Expense Ratio 1.18

Top Fund Holdings for FRMTX

Filing Date: 12/31/2013
Name Position Value % of Total
DETROIT WTR-SR LIEN-A 38,740 34,499,132 3.139%
MICHIGAN HOSP-TRINITY 25,000 28,004,250 2.548%
MI HOSP FIN-TRINITY-B 25,745 24,918,586 2.267%
WAYNE UNIV-REF-GEN 23,550 24,505,424 2.229%
WAYNE UNIV-REF-GEN 22,435 22,664,734 2.062%
MI ST BLDG AUTH-REF 21,000 21,337,050 1.941%
PR S/TAX-1ST SUB-B 25,000 18,749,000 1.706%
DETROIT WTR-RF-C 20,000 18,277,400 1.663%
GRAND VY UNIV-RF-A 17,165 17,586,229 1.600%
PR S/TAX-C-1ST SUB 25,445 17,430,079 1.586%

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

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