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    Franklin MI Tax-Free Inc A (FTTMX)

    11.82 Up 0.01(0.08%) Apr 28

    Profile as of Mar 30, 2016Get Profile for:
    Franklin MI Tax-Free Inc A
    Franklin Tax Free TrustOne Franklin ParkwaySan Mateo CA 94403-1906
    Phone: 800-632-2301
    Fund Overview 
    Category:Muni Single State Long
    Fund Family:Franklin Templeton Investments
    Net Assets:1.08B
    Year-to-Date Return:1.39%
    Morningstar Rating:2 stars
    Fund Inception Date:Apr 3, 1985
    Morningstar Style Box 
    Muni Single State Long
    [View Category Definition]
    View Top Muni Single State Long Funds
    About the Morningstar Style Box

    Style box information not available for FTTMX.

    Management Information 
    John Patrick Pomeroy
    Lead Manager since Dec 31, 1989
    Pomeroy is vice president of Franklin Advisers, Inc. He provides research and advice on the purchases and sales of individual securities, and portfolio risk assessment. Pomeroy joined Franklin Templeton Investments in 1986.
    Investment Information 
    Min Initial Investment:1,000
    Min Initial Investment, IRA:N/A
    Min Initial Investment, AIP:50
    Min Subsequent Investment:N/A
    Min Subsequent Investment, IRA:N/A
    Min Subsequent Investment, AIP:50
    FTTMX can be purchased from 104 brokerages.

    Fund Summary 
    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.

    Fund Operations 
    Last Dividend (Mar 30, 2016) : 0.03
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Apr 26, 2016) : 12.80%
    Average for Category:7.08%
    Fees & Expenses 
    ExpenseFTTMXCategory Avg
    Annual Report Expense Ratio (net):0.65%0.99%
    Prospectus Net Expense Ratio:0.65%N/A
    Prospectus Gross Expense Ratio:0.65%N/A
    Max 12b1 Fee:0.10%N/A
    Max Front End Sales Load:4.25%4.42%
    Max Deferred Sales Load: N/A2.04%
    3 Yr Expense Projection*:624522
    5 Yr Expense Projection*:772773
    10 Yr Expense Projection*:1,2011,474
    * Per $10,000 invested