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Franklin Michigan Tax-Free Income Fund

FRMTX:US
NASDAQ GM
11.69
USD
0.00
0.00%
As of 9:29 AM EST 2/27/2017
Fund Type
Open-End Fund
52Wk Range
11.58 - 12.25
1 Yr Return
0.43%
YTD Return
0.58%
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Previous Close
11.69
52Wk Range
11.58 - 12.25
1 Yr Return
0.68%
YTD Return
0.58%
Fund Type
Open-End Fund
Objective
Muni Single State Long
Asset Class Focus
Fixed Income
Geographic Focus
Michigan
NAV (on 02/27/2017)
11.69
Total Assets (b USD) (on 01/31/2017)
1.067
Inception Date
05/01/1995
Last Dividend (on 01/31/2017)
0.0274
Dividend Indicated Gross Yield
2.81%
Fund Managers
JOHN POMEROY / JIM CONN
Front Load Fee
0.00%
Back Load Fee
1.00%
Redemption Fee
0.00%
12b-1 Fee
0.65%
Current Mgmt Fee
0.47%
Expense Ratio
1.19%

Top Fund Holdings

Name Position Value % of Fund
31.59 k 31.59 m 2.97
20.00 k 21.80 m 2.05
19.83 k 21.75 m 2.04
20.00 k 21.61 m 2.03
20.00 k 21.36 m 2.01
17.50 k 18.62 m 1.75
17.50 k 18.54 m 1.74
17.17 k 18.08 m 1.70
16.85 k 18.03 m 1.69
14.63 k 15.60 m 1.46
Profile
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. The fund seeks to track the performance of a Bloomberg Barclays Index.
Address
Franklin Templeton Investments
One Franklin Parkway
Building 970
1st Floor
San Mateo, CA 94403
Phone
1-800-632-2350