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FINZX Franklin Insured Tax-Free Income Adv

  • Fund
  • FINZX
  • Price as of: Dec 01, 2016
  • $12.06
  • - $0.03
  • - 0.25%
  • Category
  • National Munis

FINZX - Profile

Vitals

  • YTD Return -2.8%
  • 3 Yr Annualized Return 5.6%
  • 5 Yr Annualized Return 4.6%
  • Net Assets $1.89 B
  • Holdings in Top 10 15.8%

52 WEEK LOW AND HIGH

$12.06
$12.06
$12.52

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.51%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 1.90%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2013-03-01

STANDARD (TAXABLE)

$100,000

IRA

N/A

Investment Themes

CATEGORY

National Munis
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Long

Distributions

  • YTD Total Return -2.8%
  • 3 Yr Annualized Total Return 5.6%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.96%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Franklin Insured Tax Free Income Fund
  • Fund Family Name Franklin Templeton Investments
  • Inception Date Jul 01, 2008
  • Shares Outstanding N/A
  • Share Class Adv
  • Currency USD
  • Domiciled Country United States
  • Manager John Pomeroy

FINZX - Performance

Return Ranking - Trailing

Period FINZX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -2.8% -6.1% 99.4% 25.04% 2
1 Yr 3.4% -5.8% 10.7% 41.82% 3
3 Yr 5.6% * -4.5% 7.7% 14.90% 1
5 Yr 4.6% * -0.6% 7.0% 24.39% 2
10 Yr 4.3% * -0.4% 5.5% 21.58% 2

* Annualized


Return Ranking - Calendar

Period FINZX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.7% -10.9% 2.6% 46.96% 4
2014 6.8% -2.2% 12.0% 11.87% 1
2013 -7.3% -11.9% 0.1% 55.70% 4
2012 4.0% -7.1% 10.2% 24.49% 2
2011 6.6% -1.8% 15.2% 12.63% 1

Total Return Ranking - Trailing

Period FINZX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -2.8% -6.1% 99.4% 31.87% 3
1 Yr 3.4% -8.9% 10.0% 25.77% 2
3 Yr 5.6% * -5.4% 7.7% 11.09% 1
5 Yr 4.6% * -0.6% 7.0% 20.30% 2
10 Yr 4.3% * -0.4% 5.5% 16.88% 1

* Annualized


Total Return Ranking - Calendar

Period FINZX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.7% -9.7% 5.1% 57.77% 5
2014 6.8% -0.9% 17.0% 15.71% 2
2013 -7.3% -11.9% 2.1% 59.13% 5
2012 4.0% -0.6% 17.8% 33.20% 3
2011 6.6% -1.1% 16.2% 25.05% 2

NAV & Total Return History

FINZX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

FINZX Category Low Category High FINZX % Rank Quintile
Net Assets 1.89 B 491 K 53 B 10.79% 2
Number of Holdings 202 1 6199 21.77% 4
Net Assets in Top 10 302 M -179 M 1.27 B 6.61% 1
Weighting of Top 10 15.8% 0.0% 100.0% 14.03% 2

Top 10 Holdings

  1. New York N Y City Transitional Future 5% 1.80%
  2. California St Go Bds 6% 1.77%
  3. Los Angeles Calif Uni Sch Dist 5% 1.76%
  4. Cass Cnty N D Health Facs Rev Health 5% 1.75%
  5. Chicago Ill O Hare Intl Arpt R Gen 5.25% 1.55%
  6. New York N Y City Transitional Bld 5.25% 1.53%
  7. New York N Y City Mun Wtr Fin Rev Bds 5% 1.51%
  8. East Side Un High Sch Dist 5.25% 1.40%
  9. Chicago Ill O Hare Intl Arpt R 3rd Li 5% 1.37%
  10. Virgin Islands Pub Fin Auth 5% 1.36%

Asset Allocation

Weighting Category Low Category High FINZX % Rank Quintile
Bonds
99.13% 0.00% 202.21% 5.31% 2
Cash
0.87% -110.85% 100.00% 24.03% 4
Other
0.00% -2.77% 27.54% 6.94% 4
Convertible Bonds
0.00% 0.00% 2.79% 0.81% 4
Preferred Stocks
0.00% 0.00% 11.46% 1.45% 4
Stocks
0.00% 0.00% 1.40% 1.13% 4

Bond Sector Breakdown

Weighting Category Low Category High FINZX % Rank Quintile
Municipal
99.13% 0.00% 140.62% 5.00% 2
Cash & Equivalents
0.87% -110.85% 100.00% 24.19% 4
Securitized
0.00% 0.00% 41.81% 2.74% 4
Corporate
0.00% 0.00% 34.61% 4.35% 4
Derivative
0.00% -0.43% 4.79% 0.48% 4
Government
0.00% -42.63% 117.34% 7.58% 4

Bond Geographic Breakdown

Weighting Category Low Category High FINZX % Rank Quintile
US
99.13% 0.00% 202.21% 5.32% 2
Non US
0.00% 0.00% 20.62% 0.81% 4

FINZX - Expenses

Operational Fees

FINZX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.51% 0.10% 4.60% 21.90% 1
Management Fee 0.46% 0.00% 1.00% 2.09% 4
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.15% 0.00% 0.35% 3.42% 4

Sales Fees

FINZX Fees (% of AUM) Category Low Category High FINZX Rank Quintile
Front Load N/A 0.50% 5.75% N/A N/A
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

FINZX Fees (% of AUM) Category Low Category High FINZX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FINZX Fees (% of AUM) Category Low Category High FINZX Rank Quintile
Turnover 1.90% 0.00% 783.51% 18.04% 1

FINZX - Distributions

Dividend Yield Analysis

FINZX Category Low Category High FINZX % Rank Quintile
Dividend Yield 0.5% 0.00% 2.86% 6.53% 1

Dividend Distribution Analysis

FINZX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FINZX Category Low Category High FINZX % Rank Quintile
Net Income Ratio 3.96% -0.60% 5.26% 4.03% 1

Capital Gain Distribution Analysis

FINZX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

FINZX - Managers

John Pomeroy

Manager

Start Date

Dec 31, 1989

Tenure

26.85

Tenure Rank

0.3%

Pomeroy is vice president of Franklin Advisers, Inc. He provides research and advice on the purchases and sales of individual securities, and portfolio risk assessment. Pomeroy joined Franklin Templeton Investments in 1986.


James Patrick Conn

Manager

Start Date

Dec 31, 1999

Tenure

16.85

Tenure Rank

2.5%

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's investment portfolio, including but not limited to, purchases and sales of individual securities, portfolio risk assessment, and the management of daily cash balances in accordance with anticipated management requirements. Conn holds the Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.0

Category High

37.1

Category Average

7.32

Category Mode

4.8