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Franklin quote and profile

 
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12.3
  
FUND
(0.01)  Macroaxis: -0.08 Down   0.08%  
May 23 2013 

Diversification Suggestion

Use Franklin to protect against small markets fluctuations. The fund experiences normal downward trend and little activity
Analyze Franklin MI TaxFree A Trend or Check current 30 days Franklin correlation with market (S&P 500)
1 Month Beta -0.06  
Highest Price:  
Lowest Price:  
12.38  
12.3  
May 01 2013 
May 22 2013 
As returns on market increase, returns on owning Franklin are expected to decrease at a much smaller rate. During bear market, Franklin is likely to outperform the market.
Franklin MI TaxFree Inc A Almost negative betaFranklin MI TaxFree A Beta Legend
FTTMX United States NASDAQ
Franklin MI TaxFree Inc A
Franklin Templeton Investment Funds
Muni Single State Long
Benchmark S&P 500
Contact Number: 800. 632. 2301
Currency: USD - US Dollar
Traded on NASDAQ Stock Exchange
    
Number of Employees1
Net Asset1.49 B
Last Dividend Paid0.03
 United States Nasdaq   0.97 % Macroaxis: 0.97 Moved Up  
 
 thisRed FTTMX FTTMX agains markets  0.08 % Macroaxis: 0.08 Moved Down  
 
 United States SP 500   0.83 % Macroaxis: 0.83 Moved Down  
 
 United States NYSE   0.94 % Macroaxis: 0.94 Moved Down  
 
 United States Russel   1.65 % Macroaxis: change 1.65 Moved Down  
 
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James Conn  Money Manager
Fund Manager since November 30, 1999
Conn is a vice president and portfolio manager with Franklin Advisers, Inc, his employer since 1996. He has final authority over all aspects of the Fund investment portfolio, including but not limited to, purchases and s...
    

Franklin Price and Market Media

The median price of Franklin for the period between Tue, Apr 23, 2013 and Thu, May 23, 2013 is 12.33 with a coefficient of variation of 0.19. The daily time series for the period is distributed with a sample standard deviation of 0.02, arithmetic mean of 12.34, and mean deviation of 0.02. The Fund did not receive any noticable media coverage during the period.
Franklin         SP 500
Price Growth (%)
 

Franklin Summary

Franklin MI TaxFree Inc A [FTTMX] is traded in USA and was established in April 2, 1985. The fund is listed under Muni Single State Long category and is part of Franklin Templeton Investment Funds family. This fund currently has accumulated 1.49 B in assets under management (AUM) with minimum initial investment of 1 K. Franklin MI TaxFree Inc A is currently producing year-to-date (YTD) return of 0.55% with the current yeild of 3.55%, while the total return for the last 3 years was 5.36%.

Fund Instrument Allocation for Franklin

The fund consists of 92.03% investments in fixed income securities, with the rest of funds allocated in cash.
Past Market
Over 30
Days
0
Out Of
100
 
Chance of
Less
Than
%
 
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Franklin Research Report

Franklin vs. T Rowe

Correlation analysis and fundamentals comparison between Franklin MI TaxFree A and T Rowe Price MD Tax

Franklin Asset Under Management

Franklin MI TaxFree Inc A is rated below average in net asset among similar funds. Total Asset Under Management (AUM) of Muni Single State Long category is currently estimated at about 17.37 Billion. Franklin holds roughly 1.49 Billion in net asset claiming about 9% of funds under Muni Single State Long category.

Franklin Fundamentals

Three Year Return vs Holdings Turnover
Bond Positions Weight vs Ten Year Return
Three Year Return vs Year to Date Return
Cash Position Weight vs Ten Year Return

Franklin vs Competition

Franklin vs. T Rowe Price MD TaxFree Bond
Franklin vs. Franklin NC TaxFree Income A
Franklin vs. Franklin NC TaxFree Income Adv
Franklin vs. Franklin NC TaxFree Income C
Franklin vs. Franklin OR TaxFree Income A
Franklin vs. Franklin OR TaxFree Income C
Franklin vs. Franklin OR TaxFree Income Adv
Franklin vs. Franklin MI TaxFree Inc B
Franklin vs. Franklin MI TaxFree Inc C

Franklin May 23 2013 Opportunity Range

Downside Deviation0.1651
Information Ratio(2.07)
Maximum Drawdown0.4855
Value At Risk(0.16)
Potential Upside0.1618

 
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