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

Fund Assets	597.46M
Expense Ratio	0.711%
Min. Investment	$1,000
Turnover	14.13%
Dividend (ttm)	0.36
Dividend Yield	3.58%
Dividend Growth	5.89%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.86
YTD Return	-2.19%
1-Year Return	-1.27%
5-Year Return	-0.24%
52-Week Low	9.69
52-Week High	10.57
Beta (5Y)	0.02
Holdings	236
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, Inc
• Category: Other States Muni
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FTTMX
• Share Class: Class A1
• Index: Bloomberg Municipal Bond TR

Performance

FTTMX had a total return of -1.27% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.97%.

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
FKTNX	Class R6	0.55%
FMTFX	Advisor Class	0.59%
FMQTX	Class A	0.84%
FRMTX	Class C	1.24%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02941	Sep 30, 2026
Aug 31, 2026	$0.02851	Aug 31, 2026
Jul 31, 2026	$0.03239	Jul 31, 2026
Jun 30, 2026	$0.02969	Jun 30, 2026
May 29, 2026	$0.02935	May 29, 2026
Apr 30, 2026	$0.03077	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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