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Franklin Michigan Insured Tax-free Income Fund Cl C: (MF: FRMTX)
(NASDAQ Mutual Funds) As of Apr 25, 2024 08:00 PM ET
$10.49 USD
-0.03 (-0.29%)
Zacks MF Rank
4-Sell of 5 4
Fund Description
The fund was incepted in April 1985 and is managed by Franklin Advisers. The objective of this fund is to provide investors with high level of income exempt from federal income taxes as is consistent with prudent investment management and preservation of shareholder's capital. Each state fund also tries to provide a maximum level of income exempt from personal income taxes, if any, for resident shareholders of that fund's state. The fund invests at least 80% of its total assets in insured municipal securities that pay interest free from the personal income taxes, if any, of that fund's state. The fund offers dividends monthly. Capital gains, if any, are distributed annually.
Load Information
| Ticker | Max Load % |
Deferred Load % |
Red. Fee % |
12B-1 Fee % |
Mgmt Fee % |
Expense Ratio % |
|
|---|---|---|---|---|---|---|---|
| Franklin MI Tax-Free Inc C | FRMTX | NA | NA | 1.00 | 0.65 | 0.48 | 1.22 |
Return Data
| Ticker | Nav | Inception Date | % yield | 1 year return | 2 year return | 3 year return | |
|---|---|---|---|---|---|---|---|
| Franklin MI Ins Tax-Free Inc A | FTTMX | 10.39 | 4/3/1985 | 0.75 | 3.50 | -1.33 | 0.95 |
| Franklin MI Ins Tax-Free Inc C | FRMTX | 10.52 | 5/1/1995 | 0.59 | 2.78 | -1.94 | 0.36 |
| Franklin MI Ins Tax-Free Inc Adv | FMTFX | 10.43 | 9/14/2011 | 0.77 | 3.49 | -1.25 | 1.03 |
Investment Information
| Ticker | Minimum Initial Investment ($) | Minimum Subsequent Investment ($) | Minimum Initial IRA ($) | Dividend Frequency | |
|---|---|---|---|---|---|
| Franklin MI Tax-Free Inc C | FRMTX | 1000 | 0 | 0 | M |
Contact Information
| Family | Franklin |
| Address | One Franklin Parkway San Mateo, CA 94403 |
| Phone | 800 342-5236 |