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FKTIX Franklin Federal Tax-Free Income A

  • Fund
  • FKTIX
  • Price as of: Dec 02, 2016
  • $11.91
  • - $0.00
  • - 0.00%
  • Category
  • National Munis

FKTIX - Profile

Vitals

  • YTD Return -3.8%
  • 3 Yr Annualized Return 5.4%
  • 5 Yr Annualized Return 4.6%
  • Net Assets $11.2 B
  • Holdings in Top 10 5.5%

52 WEEK LOW AND HIGH

$11.91
$11.91
$12.65

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.61%

SALES FEES

  • Front Load 4.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 6.07%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return -0.4%
  • 3 Yr Annualized Total Return 3.8%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.87%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Franklin Federal Tax Free Income Fund
  • Fund Family Name Franklin Templeton Investments
  • Inception Date Oct 07, 1983
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Sheila Amoroso

Fund Description

The Franklin Federal Tax-Free Income Fund Class A (FKTIX) is an actively managed fund designed to provide tax-free income. It does this by investing in a variety of municipal bonds. The fund focuses its attention on more conservative bonds and can invest in any maturity and duration. FKTIX generally holds its munis for long periods of time and uses rigorous credit research to find undervalued bonds in any state.

For investors in higher tax brackets and subject to the AMT, FKTIX makes for an ideal core fixed-income holding. The fund is internally managed by Franklin Advisors.

FKTIX - Performance

Return Ranking - Trailing

Period FKTIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.8% -6.1% 99.4% 49.27% 4
1 Yr 4.0% -7.6% 10.7% 28.04% 2
3 Yr 5.4% * -4.5% 7.6% 19.58% 1
5 Yr 4.6% * -1.7% 6.9% 24.02% 2
10 Yr 4.5% * -2.3% 5.3% 15.81% 1

* Annualized


Return Ranking - Calendar

Period FKTIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.4% -10.9% 2.6% 56.59% 5
2014 6.9% -2.2% 12.0% 11.52% 1
2013 -8.1% -11.9% 0.1% 63.12% 5
2012 4.8% -7.1% 10.2% 14.17% 2
2011 7.2% -1.8% 15.2% 6.00% 1

Total Return Ranking - Trailing

Period FKTIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.4% -6.1% 99.4% 7.80% 1
1 Yr -0.4% -8.9% 10.0% 78.61% 4
3 Yr 3.8% * -5.4% 7.6% 36.74% 2
5 Yr 3.7% * -0.9% 6.9% 38.36% 2
10 Yr 4.0% * -2.3% 5.3% 27.35% 2

* Annualized


Total Return Ranking - Calendar

Period FKTIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 2.6% -9.7% 5.1% 5.07% 1
2014 12.5% -0.9% 17.0% 0.87% 1
2013 -5.1% -11.9% 2.1% 41.63% 3
2012 11.0% -0.6% 17.8% 0.61% 1
2011 15.8% -1.1% 16.2% 0.86% 1

NAV & Total Return History

FKTIX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

FKTIX Category Low Category High FKTIX % Rank Quintile
Net Assets 11.2 B 491 K 53 B 0.97% 1
Number of Holdings 887 1 6199 4.52% 1
Net Assets in Top 10 620 M -179 M 1.27 B 1.13% 1
Weighting of Top 10 5.5% 0.0% 100.0% 33.23% 5

Top 10 Holdings

  1. California St Go Bds 6% 1.00%
  2. New York N Y City Mun Wtr Fin Wtr 5.25% 0.64%
  3. Burke Cnty Ga Dev Auth 0.54% 0.53%
  4. San Joaquin Hills Calif Transn Sr Lie 5% 0.52%
  5. California St Go Bds 5.25% 0.51%
  6. Los Angeles Calif Dept Arpts A Snr Re 5% 0.51%
  7. Liberty N Y Dev Corp Rev Rev Bds 5.25% 0.47%
  8. North Carolina Eastn Mun Pwr A Pwr 6.25% 0.45%
  9. St John Baptist Parish La Rev Rev 5.125% 0.44%
  10. Illinois Fin Auth 5.5% 0.43%

Asset Allocation

Weighting Category Low Category High FKTIX % Rank Quintile
Bonds
98.72% 0.00% 202.21% 8.05% 2
Cash
1.28% -110.85% 100.00% 21.61% 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 FKTIX % Rank Quintile
Municipal
98.72% 0.00% 140.62% 7.10% 2
Cash & Equivalents
1.28% -110.85% 100.00% 21.77% 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 FKTIX % Rank Quintile
US
98.72% 0.00% 202.21% 8.06% 2
Non US
0.00% 0.00% 20.62% 0.81% 4

FKTIX - Expenses

Operational Fees

FKTIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.61% 0.10% 4.60% 20.29% 2
Management Fee 0.45% 0.00% 1.00% 2.25% 4
12b-1 Fee 0.10% 0.00% 1.00% 6.14% 1
Administrative Fee 0.15% 0.00% 0.35% 3.42% 4

Sales Fees

FKTIX Fees (% of AUM) Category Low Category High FKTIX Rank Quintile
Front Load 4.25% 0.50% 5.75% 2.60% 5
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

FKTIX Fees (% of AUM) Category Low Category High FKTIX 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.

FKTIX Fees (% of AUM) Category Low Category High FKTIX Rank Quintile
Turnover 6.07% 0.00% 783.51% 17.07% 1

FKTIX - Distributions

Dividend Yield Analysis

FKTIX Category Low Category High FKTIX % Rank Quintile
Dividend Yield 0.5% 0.00% 2.86% 9.46% 1

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FKTIX Category Low Category High FKTIX % Rank Quintile
Net Income Ratio 3.87% -0.60% 5.26% 5.15% 1

Capital Gain Distribution Analysis

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

FKTIX - Managers

Sheila Amoroso

Manager

Start Date

Dec 31, 1987

Tenure

28.85

Tenure Rank

0.2%

Amoroso is portfolio manager with Franklin Advisers, she joined the firm in 1986. She is also co-director of Franklin's Bond Department. Amoroso is a member of the San Francisco Municipal Bond Club and the California Society of Municipal Analysts.


Carrie Higgins

Manager

Start Date

Dec 31, 2004

Tenure

11.84

Tenure Rank

5.7%

Ms. Higgins has been an analyst or portfolio manager since 1992 and has been an analyst or portfolio manager since 2004. She joined Franklin Templeton Investments in 1990. Higgins is a member of the National Federation of Municipal Analysts, California Society of Municipal Analysts and the San Francisco Municipal Bond Club.


Francisco Rivera

Manager

Start Date

Dec 31, 1996

Tenure

19.85

Tenure Rank

1.8%

Mr. Rivera is a portfolio manager with Franklin Advisers and joined Franklin Templeton Investments in 1994.


Tenure Analysis

Category Low

0.0

Category High

37.1

Category Average

7.32

Category Mode

4.8