Franklin Michigan Tax-Free Income Fund Class Adv (FMTFX)

Fund Assets	913.79M
Expense Ratio	0.58%
Min. Investment	$1,000
Turnover	n/a
Dividend (ttm)	0.34
Dividend Yield	3.27%
Dividend Growth	2.41%
Payout Frequency	Monthly
Ex-Dividend Date	Dec 31, 2024

Previous Close	10.45
YTD Return	-0.95%
1-Year Return	2.00%
5-Year Return	1.62%
52-Week Low	10.34
52-Week High	10.71
Beta (5Y)	n/a
Holdings	231
Inception Date	Jul 1, 2008

About FMTFX

The Franklin Michigan Tax-Free Income Fund Class Adv (FMTFX) 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 Adv
• Category: Muni Single State Long
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: FMTFX
• Index: Bloomberg Municipal Bond TR

Performance

FMTFX had a total return of 2.00% in the past year. Since the fund's inception, the average annual return has been 2.15%, including dividends.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FICNX	Fidelity	Fidelity Connecticut Municipal Income Fund	0.49%
FSAZX	Fidelity	Fidelity Arizona Municipal Income Fund	0.55%
FMHTX	Fidelity	Fidelity Michigan Municipal Income Fund	0.46%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
FKTNX	Class R6	0.55%
FTTMX	Class A1	0.68%
FMQTX	Class A	0.83%
FRMTX	Class C	1.22%

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%	MI MISHSG 3.1 12.01.2044	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%	MI TRESCD 5 05.01.2045	1.74%
MICHIGAN FIN AUTH REV 5%	MI MISFIN 5 05.15.2054	1.62%
LANSING MICH 5%	MI LAN 5 06.01.2048	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	$0.02909	Dec 31, 2024
Nov 29, 2024	$0.02845	Nov 29, 2024
Oct 31, 2024	$0.02878	Oct 31, 2024
Sep 30, 2024	$0.02583	Sep 30, 2024
Aug 30, 2024	$0.03052	Aug 30, 2024
Jul 31, 2024	$0.02867	Jul 31, 2024