Franklin Michigan Tax-Free Income Fund Class C (FRMTX)
NASDAQ · Mutual Fund
· Delayed Price · Currency is USD
10.79
0.00 (0.00%)
Sep 16, 2024, 4:00 PM EDT
4.45% (1Y)
| Fund Assets | 674.00M |
| Expense Ratio | 1.22% |
| Min. Investment | $1,000 |
| Turnover | 8.99% |
| Dividend (ttm) | 0.27 |
| Dividend Yield | 2.55% |
| Dividend Growth | 7.19% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2024 |
| Previous Close | 10.79 |
| YTD Return | 2.10% |
| 1-Year Return | 6.76% |
| 5-Year Return | 1.47% |
| 52-Week Low | 9.88 |
| 52-Week High | 10.81 |
| Beta (5Y) | n/a |
| Holdings | 222 |
| Inception Date | May 1, 1995 |
About FRMTX
The fund invests at least 80% of its total assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. It only buys municipal securities rated, at the time of purchase, in one of the top four ratings categories by one or more U.S. nationally recognized rating services.
Fund Family Franklin Templeton Investments
Category Muni Single State Long
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol FRMTX
Index Bloomberg Municipal Bond TR
Performance
FRMTX had a total return of 6.76% in the past year. Since the fund's inception, the average annual return has been 3.13%, including dividends.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| FMTFX | Advisor Class | 0.58% |
| FKTNX | Class R6 | 0.55% |
| FTTMX | Class A1 | 0.68% |
| FMQTX | Class A | 0.83% |
Top 10 Holdings
17.02% of assets| Name | Symbol | Weight |
|---|---|---|
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR PRCGEN 5 07.01.2058 | 1.92% |
| MICHIGAN ST BLDG AUTH REV 5% | MI MISFAC 5 04.15.2041 | 1.85% |
| MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV 3.1% | MI MISHSG 3.1 12.01.2044 | 1.83% |
| MICHIGAN FIN AUTH REV 5% | MI MISFIN 5 11.01.2044 | 1.81% |
| TRENTON MICH PUB SCHS SCH DIST 5% | MI TRESCD 5 05.01.2045 | 1.78% |
| MICHIGAN FIN AUTH REV 5% | MI MISFIN 5 05.15.2054 | 1.66% |
| LANSING MICH 5% | MI LAN 5 06.01.2048 | 1.59% |
| LANSING MICH BRD WTR & LT UTIL SYS REV 5% | MI LANUTL 5 07.01.2054 | 1.54% |
| MICHIGAN ST BLDG AUTH REV 5% | MI MISFAC 5 10.15.2046 | 1.52% |
| MICHIGAN ST HOSP FIN AUTH REV 5% | MI MISMED 5 11.15.2047 | 1.52% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 30, 2024 | $0.0242 | Aug 30, 2024 |
| Jul 31, 2024 | $0.02277 | Jul 31, 2024 |
| Jun 28, 2024 | $0.02056 | Jun 28, 2024 |
| May 31, 2024 | $0.02457 | May 31, 2024 |
| Apr 30, 2024 | $0.0222 | Apr 30, 2024 |
| Mar 28, 2024 | $0.0231 | Mar 28, 2024 |