Franklin Michigan Tax-Free Income Fund

New investors must invest in new Class A shares. This A1 share class is available only for existing investors as of 9/7/18.

New investors must invest in new Class A shares. This A1 share class is available only for existing investors as of 9/7/18.

Portfolio Statistics

Assets

Total Fund AssetsAs of 07/31/2021 (updated monthly) $984.0 (M)
Net Assets - Class A1 As of 08/31/2021 (updated monthly) $676.9 (M)

Positions As of 08/31/2021

Total Positions 256

FIXED INCOME VS. Bloomberg Municipal Bond Index

Fund Benchmark
Average Duration As of 08/31/2021 (updated monthly) 6.44 Year(s) 5.12 Year(s)
Average Weighted MaturityAs of 08/31/2021 (updated monthly) 18.99 Year(s) 13.10 Year(s)

Portfolio Details

Asset AllocationAs of 08/31/2021

[name] [value]
Fixed Income 100.33%
Cash & Cash Equivalents -0.33%

Quality Breakdown As of 08/31/2021

AA 58.96%
A 19.06%
Refunded 8.05%
AAA 7.97%
BBB 6.29%
Cash & Cash Equivalents -0.33%

Quality Breakdown As of 08/31/2021

[name] [value]
Investment Grade 92.28%
0%
Not Rated 0%
Not Applicable 0%
Cash & Cash Equivalents -0.33%
Investment Grade 92.28%
AAA 7.97%
AA 58.96%
A 19.06%
BBB 6.29%
Below Investment Grade 0.00%
Not Rated 0.00%
N/A 0.00%
Cash & Cash Equivalents -0.33%

sector breakdownAs of 08/31/2021

[name] [value]
Local 22.05%
Health Care 19.81%
Education 16.80%
Lease 9.35%
Refunded 8.05%
Transportation 6.93%
Utilities 6.93%
Housing 3.98%
Industrial Dev. Revenue and Pollution Control 2.99%
Special Tax 2.18%
State General Obligation 1.26%
Cash & Cash Equivalents -0.33%

State / U.S. Territory ExposureAs of 08/31/2021

No chart available for this data.
[name] [value]
Michigan 94.20%
Puerto Rico 1.91%
Illinois 1.42%
New York 1.07%
New Jersey 0.80%
Alabama 0.44%
Guam 0.22%
Tennessee 0.14%
Cash & Cash Equivalents -0.33%