Franklin Michigan Tax-Free Income FundFMTFX
Type
Mutual fund
Peer group
Municipal bond
Net assets
$662.9M
Expense ratio
0.59%
1-year return
+4.2%
3 years, a year
+4.3%
5 years, a year
+0.8%
Holdings
225
What it aims to do.
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 also tries to provide a maximum level of income exempt from personal income taxes, if any, for resident shareholders of Michigan.
Top 10 holdings.
| Holding | % of fund |
|---|---|
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | 1.91% |
| Michigan State Building Authority | 1.83% |
| Michigan Finance Authority | 1.81% |
| Trenton Public Schools School District | 1.77% |
| Michigan Finance Authority | 1.67% |
| City of Lansing MI | 1.58% |
| Michigan State Hospital Finance Authority | 1.54% |
| Public Finance Authority | 1.52% |
| Michigan State Building Authority | 1.50% |
| Lansing Board of Water & Light | 1.49% |
More on FMTFX.
- FMTFX overview
- FMTFX holdings
- FMTFX risk
- FMTFX costs
- FMTFX money in and out
- FMTFX share classes
- Compare FMTFX with other funds
Returns after fees, from the fund's SEC filings up to Feb 2026. Past returns are not a promise. Not financial advice.