Franklin Michigan Tax-Free Income Fund Class R6 (FKTNX)
NASDAQ · Mutual Fund
· Delayed Price · Currency is USD
10.22
+0.01 (0.10%)
At close: Apr 17, 2025
-1.64% (1Y)
| Fund Assets | 913.79M |
| Expense Ratio | 0.55% |
| Min. Investment | $1,000,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 3.35% |
| Dividend Growth | 0.84% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2025 |
| Previous Close | 10.21 |
| YTD Return | -1.70% |
| 1-Year Return | 2.46% |
| 5-Year Return | 2.01% |
| 52-Week Low | n/a |
| 52-Week High | n/a |
| Beta (5Y) | n/a |
| Holdings | 235 |
| 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.
Category Muni Single State Long
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol FKTNX
Share Class Class R6
Index Bloomberg Municipal Bond TR
Performance
FKTNX had a total return of 2.46% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.51%.
Top 10 Holdings
16.62% of assets| Name | Symbol | Weight |
|---|---|---|
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR PRCGEN 5 07.01.2058 | 1.88% |
| MICHIGAN ST BLDG AUTH REV 5% | MI MISFAC 5 04.15.2041 | 1.82% |
| MICHIGAN FIN AUTH REV 5% | n/a | 1.79% |
| TRENTON MICH PUB SCHS SCH DIST 5% | n/a | 1.75% |
| MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV 3.1% | n/a | 1.74% |
| MICHIGAN FIN AUTH REV 5% | n/a | 1.64% |
| LANSING MICH 5% | n/a | 1.54% |
| MICHIGAN ST HOSP FIN AUTH REV 5% | MI MISMED 5 11.15.2047 | 1.53% |
| MICHIGAN ST BLDG AUTH REV 5% | n/a | 1.49% |
| LANSING MICH BRD WTR & LT UTIL SYS REV 5% | n/a | 1.46% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2025 | $0.02738 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02629 | Feb 28, 2025 |
| Jan 31, 2025 | $0.03052 | Jan 31, 2025 |
| Dec 31, 2024 | $0.0293 | Dec 31, 2024 |
| Nov 29, 2024 | $0.02866 | Nov 29, 2024 |
| Oct 31, 2024 | $0.029 | Oct 31, 2024 |