Franklin MI Tax-Free Inc A1 (FTTMX)
| Fund Assets | 651.69M |
| Expense Ratio | 0.68% |
| Min. Investment | $1,000 |
| Turnover | 12.42% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.10% |
| Dividend Growth | 0.38% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 10.37 |
| YTD Return | 0.17% |
| 1-Year Return | 0.31% |
| 5-Year Return | -0.37% |
| 52-Week Low | 9.96 |
| 52-Week High | 10.68 |
| Beta (5Y) | n/a |
| Holdings | 227 |
| 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.
Performance
FTTMX had a total return of 0.31% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.03%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
17.21% of assets| Name | Symbol | Weight |
|---|---|---|
| Cash - Currency | n/a | 2.17% |
| MICHIGAN ST BLDG AUTH REV 5% | MI.MISFAC 5 04.15.2041 | 1.87% |
| MICHIGAN FIN AUTH REV 5% | MI.MISFIN 5 11.01.2044 | 1.81% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 1.81% |
| TRENTON MICH PUB SCHS SCH DIST 5% | MI.TRESCD 5 05.01.2045 | 1.77% |
| MICHIGAN FIN AUTH REV 5% | MI.MISFIN 5 05.15.2054 | 1.65% |
| MICHIGAN ST HOSP FIN AUTH REV 5% | MI.MISMED 5 11.15.2047 | 1.59% |
| LANSING MICH 5% | MI.LAN 5 06.01.2048 | 1.54% |
| MICHIGAN ST BLDG AUTH REV 5% | MI.MISFAC 5 10.15.2046 | 1.53% |
| LANSING MICH BRD WTR & LT UTIL SYS REV 5% | MI.LANUTL 5 07.01.2054 | 1.47% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02987 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02962 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0277 | Jun 30, 2025 |
| May 30, 2025 | $0.02918 | May 30, 2025 |
| Apr 30, 2025 | $0.02797 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02631 | Mar 31, 2025 |