Franklin Tennessee Municipal Bond Adv
Name
As of 11/19/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.6%
1 yr return
2.6%
3 Yr Avg Return
4.2%
5 Yr Avg Return
2.3%
Net Assets
$186 M
Holdings in Top 10
32.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.70%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 32.17%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/19/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FTMZX - Profile
Distributions
- YTD Total Return -0.6%
- 3 Yr Annualized Total Return 4.2%
- 5 Yr Annualized Total Return 2.3%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.56%
- Dividend Yield 3.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFranklin Tennessee Municipal Bond Fund
-
Fund Family NameFranklin Templeton Investments
-
Inception DateSep 15, 2016
-
Shares Outstanding2374366
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMichael Conn
Fund Description
FTMZX - Performance
Return Ranking - Trailing
Period | FTMZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.6% | -88.5% | 101.2% | 47.82% |
1 Yr | 2.6% | -20.5% | 20.4% | 52.80% |
3 Yr | 4.2%* | -6.2% | 11.6% | 56.90% |
5 Yr | 2.3%* | -3.5% | 6.9% | 64.75% |
10 Yr | 2.9%* | -0.2% | 8.8% | 66.75% |
* Annualized
Return Ranking - Calendar
Period | FTMZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.3% | -91.1% | 310.0% | 57.89% |
2022 | 2.7% | -79.8% | 15.4% | 70.49% |
2021 | -2.5% | -72.6% | 97.2% | 54.09% |
2020 | -0.7% | -100.0% | 7.6% | 86.59% |
2019 | N/A | -35.9% | 96.8% | N/A |
Total Return Ranking - Trailing
Period | FTMZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.6% | -88.5% | 101.2% | 47.82% |
1 Yr | 2.6% | -24.2% | 24.2% | 33.64% |
3 Yr | 4.2%* | -7.0% | 11.7% | 45.19% |
5 Yr | 2.3%* | -4.0% | 6.9% | 51.28% |
10 Yr | 2.9%* | -0.5% | 8.8% | 63.40% |
* Annualized
Total Return Ranking - Calendar
Period | FTMZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.3% | -91.1% | 310.0% | 57.84% |
2022 | 2.7% | -79.8% | 15.4% | 70.63% |
2021 | -2.5% | -72.6% | 11.0% | 55.37% |
2020 | -0.7% | -100.0% | 7.6% | 86.86% |
2019 | N/A | -35.9% | 3.0% | N/A |
NAV & Total Return History
FTMZX - Holdings
Concentration Analysis
FTMZX | Category Low | Category High | FTMZX % Rank | |
---|---|---|---|---|
Net Assets | 186 M | 871 K | 88.1 B | 72.55% |
Number of Holdings | 76 | 1 | 12437 | 64.89% |
Net Assets in Top 10 | 61.3 M | -306 M | 3.88 B | 38.75% |
Weighting of Top 10 | 32.84% | 2.4% | 100.0% | 35.93% |
Top 10 Holdings
- METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN WTR & SWR 5% 4.51%
- TENNESSEE ST SCH BD AUTH 5% 4.18%
- FRANKLIN TENN SPL SCH DIST 4% 3.50%
- TENNESSEE ST SCH BD AUTH 5% 3.22%
- KNOX CNTY TENN HEALTH EDL & HSG FAC BRD HOSP REV 5% 3.20%
- MET GOVT NASHVILLE & DAVIDSON CNTY TENN H & E FACS BRD REV 5% 3.19%
- WILSON CNTY TENN 4% 3.01%
- KNOXVILLE TENN WASTE WTR SYS REV 4% 2.80%
- SHELBY CNTY TENN HEALTH EDL & HSG FACS BRD REV 5.5% 2.66%
- HARPETH VY UTILS DIST TENN DAVIDSON & WILLIAMSN CNTYS REV 5% 2.66%
Asset Allocation
Weighting | Return Low | Return High | FTMZX % Rank | |
---|---|---|---|---|
Bonds | 100.34% | 46.14% | 145.79% | 7.78% |
Stocks | 0.00% | -0.10% | 3.42% | 44.43% |
Preferred Stocks | 0.00% | -3.40% | 1.12% | 41.25% |
Other | 0.00% | -9.70% | 30.00% | 42.85% |
Convertible Bonds | 0.00% | -0.02% | 0.75% | 41.91% |
Cash | -0.35% | -45.79% | 53.86% | 93.04% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FTMZX % Rank | |
---|---|---|---|---|
Municipal | 100.00% | 46.14% | 100.00% | 13.76% |
Derivative | 0.00% | 0.00% | 1.12% | 41.91% |
Cash & Equivalents | 0.00% | 0.00% | 53.86% | 81.52% |
Securitized | 0.00% | 0.00% | 8.03% | 42.97% |
Corporate | 0.00% | 0.00% | 11.97% | 51.33% |
Government | 0.00% | 0.00% | 50.89% | 46.05% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FTMZX % Rank | |
---|---|---|---|---|
US | 98.42% | 0.00% | 141.11% | 42.73% |
Non US | 1.92% | 0.00% | 100.00% | 33.59% |
FTMZX - Expenses
Operational Fees
FTMZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.70% | 0.04% | 4.23% | 35.88% |
Management Fee | 0.56% | 0.00% | 1.60% | 93.76% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.15% | 0.01% | 0.47% | 62.38% |
Sales Fees
FTMZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 0.25% | 5.50% | N/A |
Trading Fees
FTMZX 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.
FTMZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 32.17% | 0.00% | 314.00% | 80.14% |
FTMZX - Distributions
Dividend Yield Analysis
FTMZX | Category Low | Category High | FTMZX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.11% | 0.00% | 35.27% | 49.03% |
Dividend Distribution Analysis
FTMZX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
FTMZX | Category Low | Category High | FTMZX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.56% | -1.30% | 24.00% | 27.12% |
Capital Gain Distribution Analysis
FTMZX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jul 31, 2019 | $0.030 | |
Jun 28, 2019 | $0.026 | |
May 31, 2019 | $0.028 | |
Apr 30, 2019 | $0.047 | |
Mar 29, 2019 | $0.029 | |
Feb 28, 2019 | $0.029 | |
Jan 31, 2019 | $0.029 | |
Dec 31, 2018 | $0.029 | |
Nov 30, 2018 | $0.029 | |
Oct 31, 2018 | $0.029 | |
Sep 28, 2018 | $0.029 | |
Aug 31, 2018 | $0.028 | |
Jul 31, 2018 | $0.028 | |
Jun 29, 2018 | $0.028 | |
May 31, 2018 | $0.028 | |
Apr 30, 2018 | $0.029 | |
Mar 29, 2018 | $0.029 | |
Feb 28, 2018 | $0.029 | |
Jan 31, 2018 | $0.030 | |
Dec 29, 2017 | $0.030 | |
Nov 30, 2017 | $0.030 | |
Oct 31, 2017 | $0.030 | |
Sep 29, 2017 | $0.030 | |
Aug 31, 2017 | $0.030 | |
Jul 31, 2017 | $0.030 | |
Jun 30, 2017 | $0.030 | |
May 31, 2017 | $0.032 | |
Apr 28, 2017 | $0.032 | |
Mar 31, 2017 | $0.032 | |
Feb 28, 2017 | $0.032 | |
Jan 31, 2017 | $0.032 | |
Dec 30, 2016 | $0.032 | |
Nov 30, 2016 | $0.032 | |
Oct 31, 2016 | $0.032 |
FTMZX - Fund Manager Analysis
Managers
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 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.
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.
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 34.47 | 7.1 | 0.99 |