Franklin Michigan Tax-Free Income Fund

Scorecard
3 / 5 Stars
Lipper
3 3 3 5 4
Zacks Investment Research
2 (Buy)
Standard & Poor's
4 / 5 Stars
TheStreet.com
C+ (Hold)

#13 in Muni Single State Long

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.

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Performance

The fund has returned 4.56 percent over the past year, 4.26 percent over the past three years, 4.56 percent over the past five years, and 4.16 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 7.2%
1 Year 4.6%
3 Years (Annualized) 4.3%
5 Years (Annualized) 4.6%
10 Years (Annualized) 4.2%

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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 Below Average compared to funds in the same category.
Franklin Michigan Tax-Free Income Fund has an expense ratio of 0.63 percent.

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Risk

Risk is Low compared to funds in the same category according to Morningstar.

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See Also:

Top Franklin Templeton Investments Funds

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