FKTNX — Franklin Michigan Tax-Free Income Fund
Data updated: 2026-07-27
FKTNX — Franklin Michigan Tax-Free Income Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $668.63M AUM · 0.55% expense ratio · 4.1% 1-yr return. From SEC regulatory filings.
FKTNX Fund Overview
FKTNX — Franklin Michigan Tax-Free Income Fund is a US mutual fund managed by Franklin Tax Free Trust, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Franklin Tax Free Trust
- Category: Long Municipal - National Bond
- Assets under management: $668.63M
- 1-year return: 4.1%
- Ticker: FKTNX
- SEC CIK: 0000757010
- SEC series ID: S000006919
- Share class ID: C000194360
FKTNX Holdings
Top 10 holdings of Franklin Michigan Tax-Free Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | 1.91% |
| Michigan State Building Authority | 1.80% |
| Michigan Finance Authority | 1.79% |
| Trenton Public Schools School District | 1.75% |
| Green Lake Township Economic Development Corp. | 1.68% |
| City of Lansing MI | 1.55% |
| Public Finance Authority | 1.52% |
| Michigan State Hospital Finance Authority | 1.51% |
| Michigan State Building Authority | 1.49% |
| Lansing Board of Water & Light | 1.46% |
FKTNX Portfolio Allocation
Asset-class allocation of Franklin Michigan Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 96.0% |
| Cash & Equivalents | 2.6% |
FKTNX Performance
Total returns for FKTNX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.7% |
| 1 year | 4.1% |
| 3 years (annualised) | 4.3% |
| 5 years (annualised) | 0.8% |
FKTNX Risk Information
Risk metrics for FKTNX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.1%
FKTNX Costs and Fees
FKTNX costs about $55 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.55%
- Gross expense ratio: 0.55%
- Portfolio turnover: 14%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FKTNX Cashflows
Over the 12 months to 2026-02, Franklin Michigan Tax-Free Income Fund had net outflows of $29.28M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | $994.75K |
| 2026-01 | −$287.84K |
| 2025-12 | −$9.77M |
| 2025-11 | −$2.42M |
| 2025-10 | −$5.38M |
| 2025-09 | −$909.24K |
FKTNX Debt Constituents
Largest debt holdings of Franklin Michigan Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | 1.91% |
| Michigan State Building Authority | 1.80% |
| Michigan Finance Authority | 1.79% |
| Trenton Public Schools School District | 1.75% |
| City of Lansing MI | 1.55% |
| Public Finance Authority | 1.52% |
| Michigan State Hospital Finance Authority | 1.51% |
| Michigan State Building Authority | 1.49% |
| Lansing Board of Water & Light | 1.46% |
| Wayne State University | 1.37% |
FKTNX Prospectus and SEC Filings
Official Franklin Michigan Tax-Free Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.