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 11/30/2019 (updated monthly) $934.4 (M)
Net Assets - Class A1 As of 10/31/2019 (updated monthly) $724.7 (M)

Positions As of 11/30/2019

Total Positions 228

FIXED INCOME VS. Bloomberg Barclays Municipal Bond Index

Fund Benchmark
Average Duration As of 10/31/2019 (updated monthly) 4.93 Year(s) 5.35 Year(s)
Average Weighted Maturity

Portfolio Details

Asset AllocationAs of 11/30/2019

[name] [value]
Fixed Income 99.35%
Cash & Cash Equivalents 0.65%

Quality Breakdown As of 10/31/2019

[name] [value]
Investment Grade 97.17%
0%
0%
Refunded 2.59%
Cash & Cash Equivalents 0.25%
Investment Grade 97.17%
AAA 9.27%
AA 72.76%
A 14.23%
BBB 0.91%
Below Investment Grade 0.00%
Not Rated 0.00%
Refunded 2.59%
Cash & Cash Equivalents 0.25%

sector breakdownAs of 10/31/2019

[name] [value]
General Obligation Bonds 37.90%
Hospital & Health Care 22.07%
Higher Education 16.94%
Utilities 10.51%
Subject to Government Appropriation 5.21%
Refunded 3.56%
Transportation 1.93%
Housing 1.65%
Cash & Cash Equivalents 0.25%

State / U.S. Territory Exposure As of 10/31/2019

[name] [value]
Michigan 100.00%