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Franklin Michigan Tax-Free Income Fund Class A – FTTMX Fund Overview

Last PriceToday's Change52-Week RangeTrading Volume
11.83-0.02 (-0.17%)11.64 - 12.050.0

Market data as of 6:05PM 02/12/16. Quotes are delayed by at least 15 min.

Overview - FTTMX

The investment seeks to provide investors with as high a level of income exempt from federal income taxes as is consistent with prudent investment management and the preservation of shareholders' capital. The fund invests at least 80% of its total assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. It only buys municipal securities rated, at the time of purchase, in one of the top four ratings categories by one or more U.S. nationally recognized rating services.

Growth of $10,000 (10 Years)

Total Return5.98%
Yield (Trailing 12 Mo.)3.50%
Expense Ratio0.65%
Front Load4.25%
Deferred LoadNone
Minimum Investment$1,000
Management Tenure26 Years
Fund Inception04/03/1985

Trailing Total Returns - FTTMX

as of 01/31/2016
TimeframeFTTMXS&P 500Muni Single State Long
1 Month0.64%-4.96%0.88%
3 Month1.15%-6.18%1.87%
1 Year-0.01%-0.67%1.63%
3 Year2.11%11.30%2.11%
5 Year4.56%10.91%5.29%
10 Year3.77%6.48%3.99%
Since Inception5.98%10.33%--

Sector Allocation - FTTMX

as of 01/31/2016
Basic Materials--
Consumer Cyclical--
Financial Services--
Real Estate--
Consumer Defensive--
Communication Services--

Asset Allocation - FTTMX

as of 01/31/2016
By PercentShort0%LongNet
Foreign Stock--
Foreign Bond--
Total Net Assets$1.07B
Total Stock Holdings0
Total Bond Holdings190

Top Ten Holdings - FTTMX

as of 01/31/2016
CompanyYTD Return% of Assets
Detroit Mich Wtr Sply Sys Re Rev Bds 5%--2.42%
Wayne St Univ Mich Univ Revs Rev Bds 5%--2.41%
Wayne St Univ Mich Univ Revs Rev Bds 5%--2.28%
Michigan St Hosp Fin Auth 6.5%--2.13%
Michigan St Hosp Fin Auth 5%--2.02%
Detroit Mich Wtr Sply Sys Re Rev Bds 5%--1.88%
Royal Oak Mich Hosp Fin Auth 5%--1.82%
Detroit Mich Sew Disp Rev Rev Bds 5.125%--1.75%
Detroit Mich Wtr Sply Sys Re Water 5.25%--1.74%
Grand Valley Mich St Univ Rev Rev Ref 5%--1.73%

Valuation & Growth - FTTMX

as of 01/31/2016
ValuationFTTMXCategory Range
Price/Cash Flow--
Dividend Yield
LT Earnings
Historical Earnings
Sales Growth
Cash-Flow Growth
Book-Value Growth
Key:  Lo 

Morningstar Summary - FTTMX, 3 Year

Ratingvs Category
ReturnBelow Avg
Key:  Lo 

Tax Analysis - FTTMX, 3 Year Avg

Pretax Return2.11%
Tax-adjusted Return0.64%
Tax Cost Ratio0.00%
Potential Cap Gains0.26%

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