Franklin Michigan Tax-Free Income Fund Class A1 (FTTMX)

Fund Assets	654.55M
Expense Ratio	0.68%
Min. Investment	$1,000
Turnover	12.42%
Dividend (ttm)	0.34
Dividend Yield	3.12%
Dividend Growth	2.69%
Payout Frequency	Monthly
Ex-Dividend Date	Jan 30, 2026

Previous Close	10.91
YTD Return	0.83%
1-Year Return	4.29%
5-Year Return	0.48%
52-Week Low	10.07
52-Week High	10.92
Beta (5Y)	n/a
Holdings	228
Inception Date	Apr 3, 1985

About FTTMX

Franklin Michigan Tax-Free Income Fund Class A1 is a municipal bond mutual fund designed to provide investors with a high level of income that is exempt from both regular federal income taxes and Michigan state personal income taxes. The fund primarily invests at least 80% of its assets in debt securities issued by state and local governments and related entities within Michigan, ensuring that the interest generated is generally free from federal and state taxation. As part of the muni single-state long category, this fund targets bonds with longer durations and average maturities typically exceeding 12 years, often supporting public projects such as infrastructure and community services. With a monthly dividend distribution schedule and a focus on capital preservation and appreciation, Franklin Michigan Tax-Free Income Fund Class A1 plays a significant role for investors seeking tax-advantaged income from Michigan municipal obligations, particularly those seeking to optimize after-tax returns within the state.

• Fund Family: Franklin Templeton Investments
• Category: Muni Single State Long
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: FTTMX
• Index: Bloomberg Municipal Bond TR

Performance

FTTMX had a total return of 4.29% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.58%.

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	0.55%
FICNX	Fidelity	Fidelity Connecticut Municipal Income Fund	0.46%
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%
FMTFX	Advisor Class	0.58%
FMQTX	Class A	0.83%
FRMTX	Class C	1.22%

Dividend History

Ex-Dividend	Amount	Pay Date
Jan 30, 2026	$0.02962	Jan 30, 2026
Dec 31, 2025	$0.03069	Dec 31, 2025
Nov 28, 2025	$0.0266	Nov 28, 2025
Oct 31, 2025	$0.03087	Oct 31, 2025
Sep 30, 2025	$0.02752	Sep 30, 2025
Aug 29, 2025	$0.02987	Aug 29, 2025