Franklin Michigan Tax-Free Income Fund Class R6 (FKTNX)
NASDAQ · Mutual Fund
· Delayed Price · Currency is USD
10.41
-0.04 (-0.38%)
Jan 10, 2025, 4:00 PM EST
-1.79% (1Y)
| Fund Assets | 913.79M |
| Expense Ratio | 0.55% |
| Min. Investment | $1,000,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 3.30% |
| Dividend Growth | 2.22% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 10.45 |
| YTD Return | -0.95% |
| 1-Year Return | 2.01% |
| 5-Year Return | 1.82% |
| 52-Week Low | 10.34 |
| 52-Week High | 10.72 |
| Beta (5Y) | n/a |
| Holdings | 231 |
| Inception Date | Aug 1, 2017 |
About FKTNX
The Franklin Michigan Tax-Free Income Fund Class R6 (FKTNX) seeks to provide a high level of income exempt from federal income taxes and Michigan State personal income taxes. Under normal market conditions, the Fund invests at least 80% of its total assets in securities whose interest is free from federal income taxes as well as Michigan state taxes.
Fund Family Franklin Michigan Tax-Free Income Fund Class R6
Category Muni Single State Long
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol FKTNX
Index Bloomberg Municipal Bond TR
Performance
FKTNX had a total return of 2.01% in the past year. Since the fund's inception, the average annual return has been 1.67%, including dividends.
Top 10 Holdings
16.76% of assets| Name | Symbol | Weight |
|---|---|---|
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR PRCGEN 5 07.01.2058 | 1.91% |
| MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV 3.1% | n/a | 1.88% |
| MICHIGAN ST BLDG AUTH REV 5% | MI MISFAC 5 04.15.2041 | 1.79% |
| MICHIGAN FIN AUTH REV 5% | MI MISFIN 5 11.01.2044 | 1.76% |
| TRENTON MICH PUB SCHS SCH DIST 5% | n/a | 1.74% |
| MICHIGAN FIN AUTH REV 5% | n/a | 1.62% |
| LANSING MICH 5% | n/a | 1.58% |
| LANSING MICH BRD WTR & LT UTIL SYS REV 5% | MI LANUTL 5 07.01.2054 | 1.53% |
| MICHIGAN ST BLDG AUTH REV 5% | MI MISFAC 5 10.15.2046 | 1.48% |
| MICHIGAN ST HOSP FIN AUTH REV 5% | MI MISMED 5 11.15.2047 | 1.47% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.0293 | Dec 31, 2024 |
| Nov 29, 2024 | $0.02866 | Nov 29, 2024 |
| Oct 31, 2024 | $0.029 | Oct 31, 2024 |
| Sep 30, 2024 | $0.02603 | Sep 30, 2024 |
| Aug 30, 2024 | $0.0308 | Aug 30, 2024 |
| Jul 31, 2024 | $0.02894 | Jul 31, 2024 |