Franklin MO Tax Free Income Adv (FRMZX)
| Fund Assets | 603.14M |
| Expense Ratio | 0.58% |
| Min. Investment | $1,000 |
| Turnover | 7.70% |
| Dividend (ttm) | 0.38 |
| Dividend Yield | 3.65% |
| Dividend Growth | 2.46% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 10.30 |
| YTD Return | -0.09% |
| 1-Year Return | -0.68% |
| 5-Year Return | 0.30% |
| 52-Week Low | 9.80 |
| 52-Week High | 10.65 |
| Beta (5Y) | n/a |
| Holdings | 166 |
| Inception Date | Jul 1, 2009 |
About FRMZX
Franklin Missouri Tax-Free Income Fund Advisor Class is a municipal bond mutual fund designed to generate tax-exempt income for residents of Missouri. The fund primarily invests in a diversified portfolio of debt securities issued by Missouri state and local governments, agencies, and authorities, supporting public projects such as infrastructure, schools, and utilities. Its unique structure allows the interest income it produces to be generally exempt from both regular federal income tax and Missouri state personal income tax, making it particularly relevant for investors seeking tax-advantaged income within the state. Targeting longer-duration bonds, the fund falls into the "muni single-state long" category, focusing on issues with average maturities greater than 12 years and durations exceeding 6 years. It is managed by a team with significant municipal bond experience and typically maintains a broad portfolio—recently consisting of around 170 holdings—to reduce issuer-specific risk. Franklin Missouri Tax-Free Income Fund Advisor Class plays a vital role in enabling Missouri investors to align fixed-income exposure with their tax planning and local economic development objectives, while supporting critical public infrastructure across the state.
Performance
FRMZX had a total return of -0.68% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.64%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
28.66% of assets| Name | Symbol | Weight |
|---|---|---|
| KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG 5% | MO.KANDEV 5 03.01.2046 | 5.04% |
| METROPOLITAN ST LOUIS MO SWR DIST WASTEWTR SYS REV 5% | MO.METUTL 5 05.01.2046 | 4.19% |
| MISSOURI ST HEALTH & EDL FACS AUTH HEALTH FACS REV 5% | MO.MOSMED 5 12.01.2052 | 2.94% |
| SPRINGFIELD MO PUB UTILS BRD CTFS PARTN 4% | MO.SPRUTL 4 11.01.2047 | 2.91% |
| WENTZVILLE MO SCH DIST NO R-04 4% | MO.WENSCD 4 03.01.2038 | 2.56% |
| METROPOLITAN ST LOUIS MO SWR DIST WASTEWTR SYS REV 5% | MO.METUTL 5 05.01.2047 | 2.50% |
| ST LOUIS MO ARPT REV 5.5% | MO.STLAPT 5.5 07.01.2029 | 2.39% |
| MISSOURI ST HEALTH & EDL FACS AUTH HEALTH FACS REV 5% | MO.MOSMED 5 06.01.2048 | 2.17% |
| KANSAS CITY MO INDL DEV AUTH REV 5.5% | MO.KANDEV 5.5 09.01.2030 | 2.03% |
| MISSOURI ST HEALTH & EDL FACS AUTH EDL FACS REV 5% | MO.MOSMED 5 10.01.2047 | 1.92% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.03037 | Sep 30, 2025 |
| Aug 29, 2025 | $0.0334 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03229 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03022 | Jun 30, 2025 |
| May 30, 2025 | $0.0333 | May 30, 2025 |
| Apr 30, 2025 | $0.03149 | Apr 30, 2025 |