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Trending ETFs

Name

As of 11/19/2021

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

$11.06

$186 M

5.32%

$0.59

0.80%

Vitals

YTD Return

-0.7%

1 yr return

2.4%

3 Yr Avg Return

4.1%

5 Yr Avg Return

2.2%

Net Assets

$186 M

Holdings in Top 10

32.8%

52 WEEK LOW AND HIGH

$11.1
$10.99
$11.28

Expenses

OPERATING FEES

Expense Ratio 0.80%

SALES FEES

Front Load 3.75%

Deferred Load N/A

TRADING FEES

Turnover 32.17%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 11/19/2021

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

$11.06

$186 M

5.32%

$0.59

0.80%

FRTIX - Profile

Distributions

  • YTD Total Return -0.7%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.47%
DIVIDENDS
  • Dividend Yield 5.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Franklin Tennessee Municipal Bond Fund
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    May 10, 1994
  • Shares Outstanding
    13221362
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Wiley

Fund Description


FRTIX - Performance

Return Ranking - Trailing

Period FRTIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -88.5% 101.2% 50.21%
1 Yr 2.4% -20.5% 20.4% 56.54%
3 Yr 4.1%* -6.2% 11.6% 60.04%
5 Yr 2.2%* -3.5% 6.9% 68.34%
10 Yr 2.9%* -0.2% 8.8% 69.10%

* Annualized

Return Ranking - Calendar

Period FRTIX Return Category Return Low Category Return High Rank in Category (%)
2023 1.4% -91.1% 310.0% 53.91%
2022 2.7% -79.8% 15.4% 70.44%
2021 -2.6% -72.6% 97.2% 54.14%
2020 -0.8% -100.0% 7.6% 86.75%
2019 -2.3% -35.9% 96.8% 22.19%

Total Return Ranking - Trailing

Period FRTIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -88.5% 101.2% 50.21%
1 Yr -1.4% -24.2% 24.2% 79.38%
3 Yr 2.7%* -7.0% 11.7% 74.41%
5 Yr 1.5%* -4.0% 6.9% 80.68%
10 Yr 2.5%* -0.5% 8.8% 79.45%

* Annualized

Total Return Ranking - Calendar

Period FRTIX Return Category Return Low Category Return High Rank in Category (%)
2023 1.4% -91.1% 310.0% 53.87%
2022 2.7% -79.8% 15.4% 70.58%
2021 -2.6% -72.6% 11.0% 55.42%
2020 -0.8% -100.0% 7.6% 87.02%
2019 -2.3% -35.9% 3.0% 25.69%

NAV & Total Return History


FRTIX - Holdings

Concentration Analysis

FRTIX Category Low Category High FRTIX % Rank
Net Assets 186 M 871 K 88.1 B 72.66%
Number of Holdings 76 1 12437 64.97%
Net Assets in Top 10 61.3 M -306 M 3.88 B 38.84%
Weighting of Top 10 32.84% 2.4% 100.0% 36.01%

Top 10 Holdings

  1. METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN WTR & SWR 5% 4.51%
  2. TENNESSEE ST SCH BD AUTH 5% 4.18%
  3. FRANKLIN TENN SPL SCH DIST 4% 3.50%
  4. TENNESSEE ST SCH BD AUTH 5% 3.22%
  5. KNOX CNTY TENN HEALTH EDL & HSG FAC BRD HOSP REV 5% 3.20%
  6. MET GOVT NASHVILLE & DAVIDSON CNTY TENN H & E FACS BRD REV 5% 3.19%
  7. WILSON CNTY TENN 4% 3.01%
  8. KNOXVILLE TENN WASTE WTR SYS REV 4% 2.80%
  9. SHELBY CNTY TENN HEALTH EDL & HSG FACS BRD REV 5.5% 2.66%
  10. HARPETH VY UTILS DIST TENN DAVIDSON & WILLIAMSN CNTYS REV 5% 2.66%

Asset Allocation

Weighting Return Low Return High FRTIX % Rank
Bonds
100.34% 46.14% 145.79% 7.90%
Stocks
0.00% -0.10% 3.42% 72.44%
Preferred Stocks
0.00% -3.40% 1.12% 70.95%
Other
0.00% -9.70% 30.00% 71.53%
Convertible Bonds
0.00% -0.02% 0.75% 72.35%
Cash
-0.35% -45.79% 53.86% 93.12%

Bond Sector Breakdown

Weighting Return Low Return High FRTIX % Rank
Municipal
100.00% 46.14% 100.00% 24.62%
Derivative
0.00% 0.00% 1.12% 72.22%
Cash & Equivalents
0.00% 0.00% 53.86% 92.99%
Securitized
0.00% 0.00% 8.03% 72.92%
Corporate
0.00% 0.00% 11.97% 76.24%
Government
0.00% 0.00% 50.89% 74.76%

Bond Geographic Breakdown

Weighting Return Low Return High FRTIX % Rank
US
98.42% 0.00% 141.11% 42.81%
Non US
1.92% 0.00% 100.00% 33.67%

FRTIX - Expenses

Operational Fees

FRTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.80% 0.04% 4.23% 27.81%
Management Fee 0.56% 0.00% 1.60% 94.00%
12b-1 Fee 0.10% 0.00% 1.00% 22.22%
Administrative Fee 0.15% 0.01% 0.47% 70.06%

Sales Fees

FRTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.00% 5.75% 57.47%
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

FRTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

FRTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 32.17% 0.00% 314.00% 80.26%

FRTIX - Distributions

Dividend Yield Analysis

FRTIX Category Low Category High FRTIX % Rank
Dividend Yield 5.32% 0.00% 35.27% 74.02%

Dividend Distribution Analysis

FRTIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FRTIX Category Low Category High FRTIX % Rank
Net Income Ratio 2.47% -1.30% 24.00% 31.71%

Capital Gain Distribution Analysis

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

Distributions History

View More +

FRTIX - Fund Manager Analysis

Managers

John Wiley


Start Date

Tenure

Tenure Rank

Nov 02, 2020

0.99

1.0%

John Wiley, Senior Vice President, has been a lead portfolio manager since 1993. Wiley has been an analyst or portfolio manager with Franklin Templeton Investments, his employer since 1989. He holds the Chartered Financial Analyst designation.

Christopher Sperry


Start Date

Tenure

Tenure Rank

Nov 02, 2020

0.99

1.0%

Sperry has been an analyst or portfolio manager of Franklin Templeton Investments, his employer since 1996. Sperry holds the Chartered Financial Analyst designation.

Michael Conn


Start Date

Tenure

Tenure Rank

Nov 02, 2020

0.99

1.0%

Mr. Conn has been a portfolio manager of Franklin Advisers, Inc since November 2020. He joined Franklin Templeton in 2006.

John Bonelli


Start Date

Tenure

Tenure Rank

Nov 02, 2020

0.99

1.0%

Mr. Bonelli is a Portfolio Manager and Research Analyst of Franklin Advisers, Inc. He joined Franklin Templeton Investments in 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 34.47 7.1 0.99