Sector Allocation - FTTMX
as of 04/30/2013
| Basic Materials | -- | |
|---|---|---|
| Consumer Cyclical | -- | |
| Financial Services | -- | |
| Real Estate | -- | |
| Consumer Defensive | -- | |
| Healthcare | -- | |
| Utilities | -- | |
| Communication Services | -- | |
| Energy | -- | |
| Industrials | -- | |
| Technology | -- |
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FTTMX:NASDAQ
Franklin Michigan Tax-Free Income Fund Class A – FTTMX Fund Overview
| Last Price | Today's Change | 52-Week Range | Trading Volume |
|---|---|---|---|
| 12.33 | 0.00 (0.00%) | 12.21 - 12.51 | 0.0 |
Market data as of 6:05PM 05/17/13. 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 Return | 6.38% |
|---|---|
| Yield (Trailing 12 Mo.) | 3.50% |
| Expense Ratio | 0.63% |
| Front Load | 4.25% |
| Deferred Load | None |
| Minimum Investment | $1,000 |
| Management Tenure | 23 Years |
| Fund Inception | 04/03/1985 |
Trailing Total Returns - FTTMX
as of 04/30/2013
| Timeframe | FTTMX | S&P 500 | Muni Single State Long |
|---|---|---|---|
| 1 Month | 1.01% | 1.93% | 1.19% |
| 3 Month | 0.83% | 7.18% | 0.69% |
| Year-to-Date | 1.11% | 12.74% | 1.39% |
| 1 Year | 4.64% | 16.89% | 5.23% |
| 3 Year | 5.12% | 12.80% | 5.87% |
| 5 Year | 4.74% | 5.21% | 5.29% |
| 10 Year | 4.30% | 7.88% | 4.35% |
| Since Inception | 6.38% | 10.38% | -- |
Asset Allocation - FTTMX
as of 04/30/2013
| By Percent | Short | 0% | Long | Net | |
|---|---|---|---|---|---|
| Stock | -- | 0.00 | 0.00 | ||
| Bond | -- | 98.11 | 98.11 | ||
| Other | -- | 0.00 | 0.00 | ||
| Foreign Stock | -- | 0.00 | 0.00 | ||
| Foreign Bond | -- | 0.00 | 0.00 | ||
| Total | -- | 98.11 | 98.11 | ||
| Cash | -- | 1.89 | 1.89 | ||
| Total Net Assets | $1.47B |
|---|---|
| Total Stock Holdings | 0 |
| Total Bond Holdings | 175 |
Top Ten Holdings - FTTMX
as of 04/30/2013
| Company | YTD Return | % of Assets |
|---|---|---|
| Univ Mich Univ Revs Var Rev B 2.3% | -- | 3.58% |
| Detroit Mich Wtr Sply Sys Re Rev Bds 5% | -- | 2.75% |
| Michigan St Hosp Fin Auth 5% | -- | 2.24% |
| Michigan St Hosp Fin Auth 6.5% | -- | 2.03% |
| Puerto Rico Sales Tax Fing Cor Rev Bd 6% | -- | 1.83% |
| Wayne St Univ Mich Univ Revs Rev Bds 5% | -- | 1.82% |
| Puerto Rico Sales Tax Fing Cor Sal 5.25% | -- | 1.76% |
| Wayne St Univ Mich Univ Revs Rev Bds 5% | -- | 1.71% |
| Michigan St Bldg Auth 5% | -- | 1.55% |
| Michigan Higher Ed Facs Auth | -- | 1.43% |
Valuation & Growth - FTTMX
as of 04/30/2013
| Valuation | FTTMX | Category Range |
|---|---|---|
| Price/Earnings | -- | |
| Price/Book | -- | |
| Price/Sales | -- | |
| Price/Cash Flow | -- | |
| Dividend Yield | ||
| LT Earnings | ||
| Historical Earnings | ||
| Sales Growth | ||
| Cash-Flow Growth | ||
| Book-Value Growth |
Key: Lo Hi
Morningstar Summary - FTTMX, 3 Year
| Rating | vs Category | |
|---|---|---|
| Overall |  | |
| Risk | Low | |
| Return | Below Avg |
Key: Lo Hi
Tax Analysis - FTTMX, 3 Year Avg
| Pretax Return | 5.12% |
|---|---|
| Tax-adjusted Return | 3.64% |
| Tax Cost Ratio | -0.03% |
| Potential Cap Gains | 5.28% |
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