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 07/31/2020 (updated monthly) $963.0 (M)
Net Assets - Class A1 As of 08/31/2020 (updated monthly) $711.3 (M)

Positions As of 08/31/2020

Total Positions 243

FIXED INCOME VS. Bloomberg Barclays Municipal Bond Index

Fund Benchmark
Average Duration As of 08/31/2020 (updated monthly) 4.69 Year(s) 5.43 Year(s)
Average Weighted MaturityAs of 08/31/2020 (updated monthly) 17.60 Year(s) 14.30 Year(s)

Portfolio Details

Asset AllocationAs of 08/31/2020

[name] [value]
Fixed Income 100.09%
Cash & Cash Equivalents -0.09%

Quality Breakdown As of 08/31/2020

[name] [value]
Investment Grade 100.08%
0%
Not Rated 0%
Not Applicable 0%
Cash & Cash Equivalents -0.09%
Investment Grade 100.08%
AAA 9.33%
AA 71.07%
A 15.80%
BBB 0.83%
Refunded 3.05%
Below Investment Grade 0.00%
Not Rated 0.00%
N/A 0.00%
Cash & Cash Equivalents -0.09%

sector breakdownAs of 08/31/2020

[name] [value]
General Obligation Bonds 36.61%
Hospital & Health Care 19.02%
Higher Education 16.89%
Utilities 10.55%
Refunded 6.28%
Subject to Government Appropriation 4.75%
Transportation 3.31%
Housing 2.67%
Cash & Cash Equivalents -0.09%

State / U.S. Territory Exposure As of 08/31/2020

[name] [value]
Michigan 99.78%
Guam 0.22%