Franklin Federal Tax Free Income A1 (FKTIX)
| Fund Assets | 7.79B |
| Expense Ratio | 0.64% |
| Min. Investment | $1,000 |
| Turnover | 9.61% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 3.69% |
| Dividend Growth | 2.95% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 10.35 |
| YTD Return | -2.93% |
| 1-Year Return | -2.01% |
| 5-Year Return | -0.81% |
| 52-Week Low | 10.18 |
| 52-Week High | 11.05 |
| Beta (5Y) | n/a |
| Holdings | 1025 |
| Inception Date | Oct 7, 1983 |
About FKTIX
Franklin Federal Tax-Free Income Fund Class A1 is an open-end mutual fund that focuses on delivering income exempt from regular federal income taxes. This fund primarily invests at least 80% of its assets in investment-grade municipal securities issued by state and local governments across the United States, supporting public projects such as infrastructure, transportation, and education. The income generated is typically free from federal taxes, including the alternative minimum tax, making it especially relevant for investors seeking tax-efficient income solutions. Classified under the “Muni National Long” category, the fund maintains a portfolio with an effective duration typically exceeding six years, which positions it to benefit from longer-term interest rate trends. The fund employs a diversified approach, spreading assets broadly across sectors and states to lower risk. With a total net asset value in the billions and a moderate expense ratio, the fund aims for stability and capital preservation while pursing tax-advantaged returns. Franklin Federal Tax-Free Income Fund Class A1 plays a significant role in the municipal bond market, offering investors exposure to essential public projects and providing a steady, tax-exempt income stream.
Performance
FKTIX had a total return of -2.01% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.13%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
7.02% of assets| Name | Symbol | Weight |
|---|---|---|
| PUBLIC FIN AUTH WIS MULTIFAMILY HSG REV 0% | WI.PUBMFH 0 12.01.2045 | 1.02% |
| PUBLIC FIN AUTH WIS MULTIFAMILY HSG REV 0% | WI.PUBMFH 0 12.01.2044 | 0.91% |
| NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% | NY.NYSHGR 5 03.15.2045 | 0.79% |
| TENNERGY CORP TENN GAS REV 5.5% | TN.TGYPWR 10.01.2053 | 0.74% |
| SAN MATEO FOSTER CITY CALIF SCH DIST 0% | CA.SMTSCD 0 08.01.2042 | 0.68% |
| METROPOLITAN TRANSN AUTH N Y REV 5% | NY.MTATRN 5 11.15.2045 | 0.59% |
| CAPITAL TR AUTH FLA MULTIFAMILY HSG REV 0% | FL.CTSMFH 0 03.01.2029 | 0.59% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25% | CA.CCEDEV 01.01.2054 | 0.59% |
| LIBERTY N Y DEV CORP REV 5.25% | NY.LBTDEV 5.25 10.01.2035 | 0.58% |
| LOUISIANA PUB FACS AUTH REV 5.5% | LA.LASFAC 5.5 09.01.2059 | 0.54% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.03414 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03179 | Jun 30, 2025 |
| May 30, 2025 | $0.03542 | May 30, 2025 |
| Apr 30, 2025 | $0.03337 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03177 | Mar 31, 2025 |
| Feb 28, 2025 | $0.03025 | Feb 28, 2025 |