FRMTX Mutual Fund

FRMTX Mutual Fund

NAV$10.01
See how much of FRMTX you already own
Just $25 once·$99/mo·Download sample
X-ray my portfolio free

Fund Essentials - as of Jul 31, 2026

Net Assets
-
Expense Ratio
1.24%
Dividend Yield (Current)
2.81%
Holdings
225
Inception Date
May 1, 1995
Fund Family
Franklin Templeton Investments (US)
Investment Style
PRO
Asset Class
PRO
Legal Structure
PRO
Dividend Frequency
Monthly
SEC 30-Day Yield
PRO

Performance

YTD+0.08%
1 Year+4.40%
3 Year+2.83%
5 Year-0.53%
10 Year+0.87%

Asset Allocation

Bonds: 100.22%
See how much of FRMTX you already own
Your funds unpacked, overlap, fees and score, free on screen. The full report comes with FundXLS. Download sample.
X-ray my portfolio free

Top Holdings

View All →
TickerNameWeight
-Grand Traverse County Hospital Finance Authority 07/01/20412.14%
PR PRCGEN 5 07/01/20Puerto Rico Sales Tax Financing Corp Sa 5.000 07/01/20581.90%
MI MISFAC 5 04/15/20Michigan (state Of) Building Authority (facilities Program), Series 2016 I, Ref. Rb1.86%
MI MISFIN 5 11/01/20Michigan (state Of) Finance Authority (beaumont Health Credit Group), Series 2016, Rb1.85%
-Trenton Public Schools School District1.79%
Top 10 Concentration: 17.10%Report Date: Jul 31, 2026
Download all 225 holdings for FRMTX
CSV export with sector, industry & share changes
Get CSV

Dividend Summary

View Details →
Dividend Yield (Current)
2.81%
Frequency
Monthly
Latest Distribution
$0.02
-

Peer Comparison

Benchmark
PRO
Peer outperformance: PRO
Category rank: PRO
This Mutual Fund
PRO
Peer Avg
PRO

FRMTX Mutual Fund Overview

FRMTX Mutual Fund (Franklin Michigan Tax-Free Income Fund Class C) is managed by Franklin Templeton Investments (US). FRMTX expense ratio is 1.24%, holding 225 positions across sectors including Financials, Utilities, Consumer Discretionary. Inception date: 1995-05-01.

FRMTX performance shows a YTD return of 0.08%. The 1-year return is 4.40% and the 5-year return is -0.53%. FRMTX dividend yield stands at 2.81%, paid monthly.

FRMTX top holdings include Grand Traverse County Hospital Finance Authority 07/01/2041 (2.1%), Puerto Rico Sales Tax Financing Corp Sa 5.000 07/01/2058 (1.9%), Michigan (state Of) Building Authority (facilities Program), Series 2016 I, Ref. Rb (1.9%), Michigan (state Of) Finance Authority (beaumont Health Credit Group), Series 2016, Rb (1.9%), Trenton Public Schools School District (1.8%). Go to all FRMTX holdings, FRMTX sectors, or FRMTX dividends.

FRMTX can be compared against other funds. Use FRMTX overlap to find shared positions, or FRMTX vs another fund for a side-by-side view. FRMTX alternatives are available via the screener, along with tax-loss harvesting opportunities.