| Scorecard |
|---|
|
2 / 5 Stars
|
|
Lipper
1
1
3
5
3
|
|
Zacks Investment Research
3
(Hold)
|
|
Standard & Poor's
3 / 5 Stars
|
|
TheStreet.com
C+
(Hold)
|
U.S. News evaluated 77 Muni Single State Long Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
See all Franklin Templeton Investment Funds funds
Performance
The fund has returned 4.09 percent over the past year, 4.54 percent over the past three years, 4.16 percent over the past five years, and 3.73 percent over the past decade.
| Trailing Returns | Updated 04.30.2013 |
|---|---|
| Year to date | 0.9% |
| 1 Year | 4.1% |
| 3 Years (Annualized) | 4.5% |
| 5 Years (Annualized) | 4.2% |
| 10 Years (Annualized) | 3.7% |
Summary
The investment seeks to provide investors with as high a level of income exempt from federal income taxes as is consistent with prudent investment management and the preservation of shareholders' capital. The fund invests at least 80% of its total assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. It only buys municipal securities rated, at the time of purchase, in one of the top four ratings categories by one or more U.S. nationally recognized rating services.
Fees
Fees are Above Average compared to funds in the same category.
Franklin Michigan Tax-Free Income Fund has an expense ratio of 1.18 percent.
Risk
Risk is Low compared to funds in the same category according to Morningstar.
