Franklin FL Tax-Free Income A Fund (FRFLX - Free Report) a Zacks Rank #1 (Strong Buy) was incepted in September 1987 and is managed by Franklin Advisers. The main objective of FRFLX is to provide investors with a high a level of income exempt from federal income taxes as is consistent with prudent investing, while seeking preservation of shareholders' capital. FRFLX invests at least 80% of its total assets in securities that pay interest free from the personal income taxes, if any, of that fund's state.
The Fidelity Telecom and Utilities fund, managed by Franklin/Temp, carries an expense ratio of 0.64%. Moreover, FRFLX requires a minimal initial investment of $1,000.
FRFLX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 4.7% and 5 year 3.6%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
FRFLX’s performance, as of the last filing, when compared to funds in its category was in the top 31% over the past 1 year, in the top 38% over the past 3 years, and in the 48% over the past 5 years.
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