Franklin MI Tax-Free Inc C (FRMTX)
* As of 28-Feb-14
Quotes delayed, except where indicated otherwise. Currency in USD.
- No Headlines available for FRMTX at this time.
|Symbol||% Assets||YTD Return %|
|Michigan St Hosp Fin Auth 6.5%||2.55||N/A|
|Michigan St Hosp Fin Auth 5%||2.27||N/A|
|Wayne St Univ Mich Univ Revs Rev Bds 5%||2.06||N/A|
|Michigan St Bldg Auth 5%||1.94||N/A|
|Puerto Rico Sales Tax Fing Cor Rev Bd 6%||1.71||N/A|
|Morningstar Overall Rating:|
|Category:||Muni Single State Long|
|Annual Report Expense Ratio (net):||1.18%|
Performance & Risk
|5y Avg Return:||3.90%|
|Rank in Category (ytd):||21|
|% Rank in Category (ytd):||6.71%|
|Morningstar Risk Rating:||1|
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. View More