FRMZX Performance — Franklin Missouri Tax-Free Income Fund, Advisor Class
Data updated: 2026-07-27
FRMZX returned +1.85% year to date and +8.15% over one year to May 2026. Annualised returns are +4.06% over 3 years and +0.56% over 5 years. The fund beat its Intermediate Municipal Bond category average: $100 invested three years ago grew to $113, against $111 for the category, and to $108 over one year, against $106. Volatility over the past three years was 6.14% a year. In the 12 months to May 2026 the fund lost a net $20.6M, and assets reached $627.18M.
FRMZX Growth of $100
What $100 invested in Franklin Missouri Tax-Free Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | FRMZX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $108 | $106 |
| 3 years (Jun 2023 – May 2026) | $113 | $111 |
| 5 years (Jun 2021 – May 2026) | $103 | $104 |
| Since data start (Sep 2019 – May 2026) | $108 | $109 |
FRMZX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.85% |
| 1 year | +8.15% |
| 3 years (annualised) | +4.06% |
| 5 years (annualised) | +0.56% |
FRMZX Annual Returns
Calendar-year total returns of Franklin Missouri Tax-Free Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.85% |
| 2025 | +3.47% |
| 2024 | +2.71% |
| 2023 | +6.06% |
| 2022 | −11.26% |
| 2021 | +1.86% |
| 2020 | +4.72% |
| 2019 (Sep–Dec) | −0.34% |
FRMZX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.3% | +1.4% | −1.6% | +1.3% | +0.4% | — | — | — | — | — | — | — |
| 2025 | +0.1% | +1.1% | −1.9% | −1.0% | −1.0% | +0.7% | −0.8% | +0.8% | +3.3% | +1.6% | +0.3% | +0.1% |
| 2024 | +0.1% | 0.0% | +0.1% | −1.1% | +0.1% | +1.8% | +0.9% | +0.6% | +1.1% | −1.3% | +1.7% | −1.3% |
| 2023 | +3.2% | −2.6% | +2.0% | 0.0% | −0.6% | +0.7% | +0.3% | −1.2% | −3.3% | −1.8% | +6.9% | +2.9% |
| 2022 | −2.6% | −0.7% | −3.1% | −3.1% | +0.8% | −2.2% | +2.5% | −2.6% | −4.3% | −1.3% | +5.2% | −0.1% |
| 2021 | +0.3% | −1.3% | +0.7% | +1.0% | +0.3% | +0.2% | +0.8% | −0.4% | −0.9% | 0.0% | +1.0% | +0.2% |
| 2020 | +1.8% | +1.2% | −2.9% | −1.9% | +2.9% | +0.9% | +1.3% | −0.4% | 0.0% | −0.4% | +1.6% | +0.6% |
| 2019 | — | — | — | — | — | — | — | — | −0.5% | −0.1% | +0.1% | +0.2% |
FRMZX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 6.14%
- 3-year Sharpe ratio: -0.07 (vs 4.5% risk-free rate)
- Best month: +6.86% (Nov 2023)
- Worst month: −3.32% (Sep 2023)
FRMZX Fund Flows
Monthly money in and out of Franklin Missouri Tax-Free Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$20.6M
- 12-month gross sales (incl. reinvestments): $117.0M
- Sales ÷ redemptions: 0.85×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $9.8M | $7.6M | $2.2M |
| Apr 2026 | $6.0M | $8.5M | −$2.6M |
| Mar 2026 | $8.1M | $7.7M | $433K |
| Feb 2026 | $9.5M | $8.0M | $1.5M |
| Jan 2026 | $14.6M | $9.4M | $5.1M |
| Dec 2025 | $9.6M | $19.4M | −$9.8M |
| Nov 2025 | $10.0M | $12.7M | −$2.7M |
| Oct 2025 | $11.4M | $9.2M | $2.2M |
| Sep 2025 | $10.1M | $9.5M | $649K |
| Aug 2025 | $8.2M | $12.2M | −$4.0M |
| Jul 2025 | $10.2M | $18.8M | −$8.6M |
| Jun 2025 | $9.5M | $14.5M | −$5.0M |
FRMZX Assets Under Management
Net assets of Franklin Missouri Tax-Free Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $627.18M |
| 2026-02-28 | $632.49M |
| 2025-11-30 | $629.68M |
| 2025-08-31 | $603.14M |
| 2025-05-31 | $622.26M |
| 2025-02-28 | $666.52M |
| 2024-11-30 | $666.11M |
| 2024-08-31 | $674.52M |
| 2024-05-31 | $667.85M |
| 2024-02-29 | $692.83M |
| 2023-11-30 | $686.05M |
| 2023-08-31 | $704.26M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.