FRMTX Mutual Fund

NAV$10.57

Fund Essentials - as of Feb 28, 2026

Net Assets
-
Expense Ratio
1.22%
Dividend Yield (Current)
2.49%
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+2.27%
1 Year+6.48%
3 Year+3.16%
5 Year-0.06%
10 Year+1.12%

Asset Allocation

Bonds: 100.00%

Price Chart (6M)

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Top Holdings

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TickerNameWeight
PR PRCGEN 5 07/01/20Puerto Rico Sales Tax Fing Corp Sales Tax Revenue 07/01/20581.91%
MI MISFAC 5 04/15/20Michigan (state Of) Building Authority (facilities Program), Series 2016 I, Ref. Rb1.83%
MI MISFIN 5 11/01/20Michigan (state Of) Finance Authority (beaumont Health Credit Group), Series 2016, Rb1.81%
-Trenton Public Schools School District1.77%
-Michigan Finance Authority, Hospital Revenue Bonds, Bronson Healthcare Group, Inc., Refunding Series 2019A 5 05/15/20541.67%
Top 10 Concentration: 16.53%Report Date: Feb 28, 2026
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Dividend Summary

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Dividend Yield (Current)
2.49%
Frequency
Monthly
Latest Distribution
$0.02
-

Peer Comparison

Benchmark
PRO
Peer outperformance: PRO
Category rank: PRO
This Mutual Fund
PRO
Peer Avg
PRO
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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 1.22%, holding 225 positions across sectors including Other, Financials, Consumer Discretionary. Inception date: 1995-05-01.

FRMTX performance shows a YTD return of 2.27%. The 1-year return is 6.48% and the 5-year return is -0.06%. FRMTX dividend yield stands at 2.49%, paid monthly.

FRMTX top holdings include Puerto Rico Sales Tax Fing Corp Sales Tax Revenue 07/01/2058 (1.9%), Michigan (state Of) Building Authority (facilities Program), Series 2016 I, Ref. Rb (1.8%), Michigan (state Of) Finance Authority (beaumont Health Credit Group), Series 2016, Rb (1.8%), Trenton Public Schools School District (1.8%), Michigan Finance Authority, Hospital Revenue Bonds, Bronson Healthcare Group, Inc., Refunding Series 2019A 5 05/15/2054 (1.7%). View all FRMTX holdings, sector breakdown, or dividend history.

FRMTX can be compared against other funds using the overlap calculator or side-by-side comparison tool. FRMTX alternatives are available via the screener, along with tax-loss harvesting opportunities.