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Franklin MI Tax-Free Inc A (FTTMX)


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Franklin MI Tax-Free Inc A

Franklin Tax Free TrustOne Franklin ParkwaySan Mateo CA 94403-1906
800-342-5236
Management Information
John Patrick Pomeroy,Lead Manager since December 30, 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.
Morningstar Style Box
Yahoo partners with Morningstar a leading market research and investment data group to help investors rate and compare funds on Yahoo Finance. The Morningstar Category is shown next to the Morningstar Style Box which identifies a fund's investment focus, based on the underlying securities in the fund.
Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryMuni Single State Long
Fund FamilyFranklin Templeton Investments
Net Assets1.05B
YTD Return1.86%
Yield3.49%
Morningstar Rating★★★
Inception DateApr 2, 1985

Fund Operations

Last Dividend0.03
Last Cap Gain0.00
Holdings Turnover12.35%
Average for CategoryN/A

Fees & Expenses

ExpenseFTTMXCategory Average
Annual Report Expense Ratio (net)0.65%1.00%
Prospectus Net Expense Ratio0.64%N/A
Prospectus Gross Expense Ratio0.64%N/A
Max 12b1 Fee0.10%N/A
Max Front End Sales Load4.25%4.29%
Max Deferred Sales LoadN/A2.02%
3 Yr Expense Projection621N/A
5 Yr Expense Projection767N/A
10 Yr Expense Projection1,189N/A