Franklin MO Tax Free Income Adv (FRMZX)

Fund Assets	555.99M
Expense Ratio	0.61%
Min. Investment	$1,000
Turnover	12.36%
Dividend (ttm)	0.39
Dividend Yield	3.99%
Dividend Growth	3.69%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.68
YTD Return	-4.24%
1-Year Return	-2.97%
5-Year Return	-1.86%
52-Week Low	9.52
52-Week High	10.52
Beta (5Y)	0.03
Holdings	171
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.

• Fund Family: Franklin Templeton, Inc
• Category: Other States Muni
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FRMZX
• Share Class: Advisor Class
• Index: Bloomberg Municipal Bond TR

Performance

FRMZX had a total return of -2.97% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.50%.

Equivalent Funds

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

Symbol	Provider	Name	Expense Ratio
FSAZX	Fidelity	Fidelity Arizona Municipal Income Fund	0.57%
FICNX	Fidelity	Fidelity Connecticut Municipal Income Fund	0.46%
FMHTX	Fidelity	Fidelity Michigan Municipal Income Fund	0.45%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
FMOQX	Class R6	0.55%
FRMOX	Class A1	0.69%
FMQOX	Class A	0.84%
FMOIX	Class C	1.23%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03266	Sep 30, 2026
Aug 31, 2026	$0.03143	Aug 31, 2026
Jul 31, 2026	$0.03565	Jul 31, 2026
Jun 30, 2026	$0.03238	Jun 30, 2026
May 29, 2026	$0.03268	May 29, 2026
Apr 30, 2026	$0.03197	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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