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Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Franklin Michigan Tax-Free Income Fund

FBMIX |

-

$1.49 B

-

1.18%

Vitals

YTD Return

N/A

1 yr return

3.9%

3 Yr Avg Return

4.6%

5 Yr Avg Return

4.8%

Net Assets

$1.49 B

Holdings in Top 10

19.4%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.18%

SALES FEES

Front Load N/A

Deferred Load 4.00%

TRADING FEES

Turnover 0.92%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Franklin Michigan Tax-Free Income Fund

FBMIX |

-

$1.49 B

-

1.18%

FBMIX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 3.7%
  • 5 Yr Annualized Total Return 4.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.62%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Franklin Michigan Tax-Free Income Fund
  • Fund Family Name
    Franklin Templeton Investment Funds
  • Inception Date
    Jan 31, 2000
  • Shares Outstanding
    N/A
  • Share Class
    B
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Pomeroy

Fund Description

FBMIX - Performance

Return Ranking - Trailing

Period FBMIX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -50.0% 268.1% N/A
1 Yr 3.9% -64.8% 268.1% N/A
3 Yr 4.6%* -100.0% 115.6% N/A
5 Yr 4.8%* -100.0% 58.6% N/A
10 Yr 3.8%* -12.1% 26.2% N/A

* Annualized

Return Ranking - Calendar

Period FBMIX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -100.0% 73.0% N/A
2022 N/A -76.0% 212.6% N/A
2021 N/A -65.0% 900.0% N/A
2020 N/A -87.3% 336.8% N/A
2019 N/A -60.1% 304.1% N/A

Total Return Ranking - Trailing

Period FBMIX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -50.0% 268.1% N/A
1 Yr -0.1% -64.8% 268.1% N/A
3 Yr 3.7%* -100.0% 115.6% N/A
5 Yr 4.4%* -100.0% 58.6% N/A
10 Yr 3.8%* -12.1% 26.3% N/A

* Annualized

Total Return Ranking - Calendar

Period FBMIX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -100.0% 76.6% N/A
2022 N/A -30.7% 212.6% N/A
2021 N/A -65.0% 900.0% N/A
2020 N/A -87.3% 341.1% N/A
2019 N/A -60.1% 304.1% N/A

FBMIX - Holdings

Concentration Analysis

FBMIX Category Low Category High FBMIX % Rank
Net Assets 1.49 B 10 804 B N/A
Number of Holdings 163 1 17333 N/A
Net Assets in Top 10 289 M -7.11 B 145 B N/A
Weighting of Top 10 19.40% 0.0% 20474.3% N/A

Top 10 Holdings

  1. Detroit Mich Wtr Sply Sys Re Rev Bds 5% 2.71%
  2. Univ Mich Univ Revs Var Rev B 2.3% 2.33%
  3. Michigan St Hosp Fin Auth 5% 2.25%
  4. Michigan St Hosp Fin Auth 6.5% 2.04%
  5. Wayne St Univ Mich Univ Revs Rev Bds 5% 1.87%
  6. Puerto Rico Sales Tax Fing Cor Rev Bd 6% 1.80%
  7. Wayne St Univ Mich Univ Revs Rev Bds 5% 1.76%
  8. Puerto Rico Sales Tax Fing Cor Sal 5.25% 1.74%
  9. Michigan St Bldg Auth 5% 1.51%
  10. Michigan Higher Ed Facs Auth 1.40%

Asset Allocation

Weighting Return Low Return High FBMIX % Rank
Bonds 		92.03% -955.59% 2458.15% N/A
Cash 		7.97% -2458.20% 7388.76% N/A
Stocks 		0.00% -142.98% 259.25% N/A
Preferred Stocks 		0.00% -21.20% 80.89% N/A
Other 		0.00% -7288.76% 493.15% N/A
Convertible Bonds 		0.00% -0.37% 144.58% N/A

Bond Sector Breakdown

Weighting Return Low Return High FBMIX % Rank
Municipal 		92.03% 0.00% 165.37% N/A
Cash & Equivalents 		7.97% -2458.20% 7388.76% N/A
Derivative 		0.00% -511.61% 54.22% N/A
Securitized 		0.00% -24.16% 264.51% N/A
Corporate 		0.00% -46.36% 3345.86% N/A
Government 		0.00% -3298.93% 2458.15% N/A

Bond Geographic Breakdown

Weighting Return Low Return High FBMIX % Rank
US 		92.03% -955.59% 2458.15% N/A
Non US 		0.00% -153.97% 464.75% N/A

FBMIX - Expenses

Operational Fees

FBMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.18% -2.86% 950.64% N/A
Management Fee 0.47% 0.00% 2.87% N/A
12b-1 Fee 0.65% 0.00% 1.00% N/A
Administrative Fee 0.15% 0.00% 52000.00% N/A

Sales Fees

FBMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 25.00% N/A
Deferred Load 4.00% 0.25% 5.50% N/A

Trading Fees

FBMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FBMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.92% 0.00% 5067.00% N/A

FBMIX - Distributions

Dividend Yield Analysis

FBMIX Category Low Category High FBMIX % Rank
Dividend Yield 0.00% 0.00% 84.51% N/A

Dividend Distribution Analysis

FBMIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Annually

Net Income Ratio Analysis

FBMIX Category Low Category High FBMIX % Rank
Net Income Ratio 3.62% -46.00% 10.88% N/A

Capital Gain Distribution Analysis

FBMIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

FBMIX - Fund Manager Analysis

Managers

John Pomeroy

Start Date

Tenure

Tenure Rank

Dec 30, 1989

23.18

23.2%

Pomeroy is vice president of Franklin Advisers, Inc. He provides research and advice on the purchases and sales of individual securities, and portfolio risk assessment. Pomeroy joined Franklin Templeton Investments in 1986.

James Patrick Conn

Start Date

Tenure

Tenure Rank

Dec 01, 1999

13.25

13.3%

Conn is a vice president and portfolio manager with Franklin Advisers, Inc, his employer since 1996. He has final authority over all aspects of the Fund's investment portfolio, including but not limited to, purchases and sales of individual securities, portfolio risk assessment, and the management of daily cash balances in accordance with anticipated management requirements. Conn holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 33.52 5.37 3.25

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