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Franklin Holdings Turnover vs. Holdings Turnover

    
Franklin MI TaxFree Inc B is rated below average in holdings turnover among similar funds. It is rated below average in five year return among similar funds reporting about  4.03  of Five Year Return per Holdings Turnover.
Holding Turnover is calculated by adding up all the transactions for the year, dividing it by 2 and then dividing it again by the fund total holdings. Holding Turnover is the rate at which funds or ETFs replace their investment holdings on an annual basis. In other words it measures how quickly a fund turns over its holdings during the fiscal year.

Franklin

Holding Turnover

=

Year Cash Flow

Net Asset

X

100

=
0.92 %
Investor can think of Holding Turnover as percentage of a fund's assets that have turned over in the past year. Typically, a high annual turnover ratio implies that fund managers made a lot of buying and selling. The higher the annual turnover, the higher the expense ratio for the fund.
Five Year Return is considered as one of the best measures to evaluate fund performance especially from the mid and long term prospective. It shows the total annualized return generated from holding a fund for the last 5 years and represents capital appreciation of fund investments including all dividends, losses, and capital gains distributions.

Franklin

Five Year Return

=

(Mean of Monthly Returns - 1)

X

100%

=
3.71 %
Although Five Year Fund Returns can give a sense of overall fund potential, it is recommended to compare fund performance with other similar funds for the same five year time interval. Similarly, comparing overall find performance over the last five year with appropriate market index is a great way to determine how this fund will perform during different market fluctuations.
Franklin is rated below average in five year return among similar funds.
Franklin is rated below average in holdings turnover among similar funds.
    
FBMIX United States NASDAQ
Franklin MI TaxFree Inc B
Benchmark S&P 500
Currency: USD - US Dollar
Traded on NASDAQ Stock Exchange
    
    


 
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