Franklin MI Tax-Free Inc R6 (FKTNX)

Fund Assets	597.46M
Expense Ratio	0.57%
Min. Investment	$1,000,000
Turnover	14.13%
Dividend (ttm)	0.37
Dividend Yield	3.72%
Dividend Growth	6.25%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.90
YTD Return	-3.06%
1-Year Return	-2.11%
5-Year Return	-0.78%
52-Week Low	9.73
52-Week High	10.61
Beta (5Y)	0.02
Holdings	236
Inception Date	Aug 1, 2017

About FKTNX

Franklin Michigan Tax-Free Income Fund Class R6 is a municipal bond mutual fund designed to provide shareholders with a high level of income that is exempt from both regular federal and Michigan state personal income taxes. The fund primarily invests at least 80% of its assets in municipal securities whose interest payments qualify for tax exemption under current federal and Michigan tax laws, including exemption from the federal alternative minimum tax. Its investment strategy emphasizes prudent management while maintaining a focus on capital preservation. This fund is particularly relevant to investors residing in Michigan who seek to maximize after-tax income through exposure to high-quality, tax-advantaged municipal bonds issued by local governments, agencies, and authorities within the state. The Franklin Michigan Tax-Free Income Fund Class R6 plays a specialized role in the broader fixed-income market by catering to the tax efficiency needs of Michigan-based investors and those prioritizing municipal bond diversification within their portfolios.

• Fund Family: Franklin Templeton, Inc
• Category: Other States Muni
• Performance Rating: 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 -2.11% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.59%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FMTFX	Advisor Class	0.59%
FTTMX	Class A1	0.70%
FMQTX	Class A	0.84%
FRMTX	Class C	1.24%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03057	Sep 30, 2026
Aug 31, 2026	$0.0297	Aug 31, 2026
Jul 31, 2026	$0.03375	Jul 31, 2026
Jun 30, 2026	$0.03095	Jun 30, 2026
May 29, 2026	$0.03062	May 29, 2026
Apr 30, 2026	$0.032	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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