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    Franklin MI Tax-Free Inc C (FRMTX)

    11.89 0.00(0.00%) Nov 27
    Prev Close:11.89
    YTD Return*:-0.16%
    Net Assets*:1.08B

    * As of 31-Oct-15

    Quotes delayed, except where indicated otherwise. Currency in USD.


    • No Headlines available for FRMTX at this time.

    Top Holdings

    Symbol% AssetsYTD Return %
    Wayne St Univ Mich Univ Revs Rev Bds 5%2.28N/A
    Michigan St Hosp Fin Auth 6.5%2.16N/A
    Michigan St Hosp Fin Auth 5%1.98N/A
    Michigan St Bldg Auth 5%1.95N/A
    Detroit Mich Wtr Sply Sys Re Rev Bds 5%1.87N/A

    Fund Basics

    Morningstar Overall Rating:
    Total Assets:1.08B
    Category:Muni Single State Long
    Annual Report Expense Ratio (net):1.20%

    Performance & Risk

    YTD Return:-0.16%
    5y Avg Return:2.66%
    Rank in Category (ytd):94
    % Rank in Category (ytd):30.92%
    Beta (3y):1.04
    Morningstar Risk Rating:2

    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. View More
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