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Mutual Funds Weekly Roundup: August 2
Brian Mathews
|
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The fund invests at least 80% of its total assets in investment grade municipal securities whose interest is free from federal income taxes, including the federal alternative minimum tax. Although the fund tries to invest all of its assets in tax-free securities, it is possible that up to 20% of its total assets may be in securities that pay interest that may be subject to the federal alternative minimum tax and, although not anticipated, in securities that pay taxable interest.
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| Period | FKTIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.8% | -3.5% | 3.8% | 44.04% |
| 1 Yr | 0.7% | -4.1% | 4.8% | 46.79% |
| 3 Yr | 0.2%* | -1.1% | 1.6% | 74.49% |
| 5 Yr | -0.3%* | -1.1% | 1.7% | 85.54% |
| 10 Yr | 0.0%* | -0.5% | 1.1% | 62.30% |
* Annualized
| Period | FKTIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 3.4% | 0.0% | 8.9% | 49.07% |
| 2018 | -3.1% | -5.4% | 0.2% | 65.35% |
| 2017 | -0.2% | -0.5% | 7.6% | 96.51% |
| 2016 | -3.0% | -6.2% | -0.6% | 55.42% |
| 2015 | -1.4% | -1.4% | 1.2% | 97.59% |
| Period | FKTIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.8% | -3.5% | 3.8% | 44.04% |
| 1 Yr | 0.7% | -4.1% | 4.8% | 46.79% |
| 3 Yr | 2.1%* | -1.1% | 2.1% | 3.06% |
| 5 Yr | 2.3%* | -1.1% | 2.4% | 2.41% |
| 10 Yr | 3.4%* | -0.5% | 3.4% | 1.64% |
* Annualized
| Period | FKTIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 4.3% | 0.0% | 8.9% | 36.11% |
| 2018 | 0.6% | -5.4% | 1.2% | 4.95% |
| 2017 | 3.6% | -0.5% | 7.6% | 19.77% |
| 2016 | 0.7% | -6.2% | 0.8% | 2.41% |
| 2015 | 2.4% | -1.4% | 2.5% | 2.41% |
| FKTIX | Category Low | Category High | FKTIX % Rank | |
|---|---|---|---|---|
| Net Assets | 11 B | 9.41 M | 11 B | 0.90% |
| Number of Holdings | 923 | 3 | 1492 | 11.71% |
| Net Assets in Top 10 | 616 M | -138 M | 808 M | 1.80% |
| Weighting of Top 10 | 5.61% | 5.6% | 97.7% | 96.23% |
| Weighting | Return Low | Return High | FKTIX % Rank | |
|---|---|---|---|---|
| Bonds | 100.50% | 73.26% | 143.72% | 5.41% |
| Stocks | 0.00% | 0.00% | 0.72% | 23.42% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 13.51% |
| Other | 0.00% | -0.65% | 1.14% | 21.62% |
| Convertible Bonds | 0.00% | 0.00% | 0.10% | 14.41% |
| Cash | -0.50% | -43.72% | 26.74% | 91.89% |
| Weighting | Return Low | Return High | FKTIX % Rank | |
|---|---|---|---|---|
| Municipal | 99.99% | 42.69% | 100.11% | 8.11% |
| Cash & Equivalents | 0.01% | 0.00% | 26.84% | 90.09% |
| Derivative | 0.00% | 0.00% | 0.21% | 14.41% |
| Securitized | 0.00% | 0.00% | 8.39% | 14.41% |
| Corporate | 0.00% | 0.00% | 8.64% | 15.32% |
| Government | 0.00% | -1.62% | 33.27% | 14.41% |
| Weighting | Return Low | Return High | FKTIX % Rank | |
|---|---|---|---|---|
| US | 100.11% | 71.03% | 137.50% | 5.41% |
| Non US | 0.39% | 0.00% | 27.94% | 47.75% |
| FKTIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.62% | 0.01% | 3.23% | 66.06% |
| Management Fee | 0.45% | 0.00% | 1.00% | 59.46% |
| 12b-1 Fee | 0.10% | 0.00% | 1.00% | 11.11% |
| Administrative Fee | 0.15% | 0.01% | 0.34% | 50.00% |
| FKTIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 3.75% | 0.50% | 4.50% | 22.73% |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
| FKTIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
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 Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 20.23% | 6.00% | 233.00% | 43.81% |
| FKTIX | Category Low | Category High | FKTIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 0.39% | 16.22% |
| FKTIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
| FKTIX | Category Low | Category High | FKTIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.11% | 0.77% | 6.48% | 30.28% |
| FKTIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
| Date | Amount |
|---|---|
| Apr 03, 2019 | $0.034 |
| Mar 05, 2019 | $0.034 |
| Feb 05, 2019 | $0.035 |
| Jan 07, 2019 | $0.036 |
| Dec 05, 2018 | $0.037 |
| Nov 05, 2018 | $0.037 |
| Oct 03, 2018 | $0.037 |
| Sep 06, 2018 | $0.037 |
| Aug 03, 2018 | $0.037 |
| Jul 05, 2018 | $0.037 |
| Jun 05, 2018 | $0.037 |
| May 03, 2018 | $0.037 |
| Apr 04, 2018 | $0.037 |
| Mar 05, 2018 | $0.037 |
| Feb 05, 2018 | $0.037 |
| Jan 05, 2018 | $0.037 |
| Dec 05, 2017 | $0.037 |
| Nov 03, 2017 | $0.037 |
| Oct 04, 2017 | $0.037 |
| Sep 06, 2017 | $0.037 |
| Aug 03, 2017 | $0.037 |
| Jul 06, 2017 | $0.038 |
| Jun 05, 2017 | $0.038 |
| May 03, 2017 | $0.039 |
| Apr 05, 2017 | $0.040 |
| Mar 03, 2017 | $0.040 |
| Feb 03, 2017 | $0.040 |
| Jan 06, 2017 | $0.040 |
| Dec 05, 2016 | $0.039 |
| Nov 03, 2016 | $0.038 |
| Oct 05, 2016 | $0.038 |
| Sep 06, 2016 | $0.038 |
| Aug 03, 2016 | $0.038 |
| Jul 06, 2016 | $0.038 |
| Jun 03, 2016 | $0.039 |
| May 04, 2016 | $0.040 |
| Apr 05, 2016 | $0.040 |
| Mar 03, 2016 | $0.040 |
| Feb 03, 2016 | $0.040 |
| Jan 07, 2016 | $0.040 |
| Dec 03, 2015 | $0.040 |
| Nov 04, 2015 | $0.040 |
| Oct 05, 2015 | $0.040 |
| Sep 03, 2015 | $0.040 |
| Aug 05, 2015 | $0.039 |
| Jul 06, 2015 | $0.039 |
| Jun 03, 2015 | $0.039 |
| May 05, 2015 | $0.039 |
| Apr 06, 2015 | $0.039 |
| Mar 04, 2015 | $0.039 |
| Feb 04, 2015 | $0.039 |
| Jan 07, 2015 | $0.039 |
| Dec 03, 2014 | $0.039 |
| Nov 05, 2014 | $0.039 |
| Oct 03, 2014 | $0.039 |
| Sep 04, 2014 | $0.039 |
| Aug 05, 2014 | $0.040 |
| Jul 03, 2014 | $0.040 |
| Jun 04, 2014 | $0.041 |
| May 05, 2014 | $0.041 |
| Apr 03, 2014 | $0.041 |
| Mar 05, 2014 | $0.041 |
| Feb 05, 2014 | $0.041 |
| Jan 07, 2014 | $0.041 |
| Dec 04, 2013 | $0.042 |
| Nov 05, 2013 | $0.042 |
| Oct 03, 2013 | $0.042 |
| Sep 05, 2013 | $0.041 |
| Aug 05, 2013 | $0.040 |
| Jul 03, 2013 | $0.039 |
| Jun 05, 2013 | $0.039 |
| May 03, 2013 | $0.039 |
| Apr 03, 2013 | $0.040 |
| Mar 05, 2013 | $0.040 |
| Feb 05, 2013 | $0.040 |
| Jan 07, 2013 | $0.040 |
| Dec 05, 2012 | $0.040 |
| Nov 05, 2012 | $0.041 |
| Oct 03, 2012 | $0.041 |
| Sep 06, 2012 | $0.041 |
| Aug 03, 2012 | $0.041 |
| Jul 05, 2012 | $0.041 |
| Jun 05, 2012 | $0.041 |
| May 03, 2012 | $0.041 |
| Apr 04, 2012 | $0.041 |
| Mar 05, 2012 | $0.042 |
| Feb 03, 2012 | $0.044 |
| Jan 06, 2012 | $0.044 |
| Dec 05, 2011 | $0.044 |
| Nov 03, 2011 | $0.044 |
| Oct 05, 2011 | $0.044 |
| Sep 06, 2011 | $0.044 |
| Aug 03, 2011 | $0.044 |
| Jul 06, 2011 | $0.044 |
| Jun 03, 2011 | $0.044 |
| May 04, 2011 | $0.044 |
| Apr 05, 2011 | $0.044 |
| Mar 03, 2011 | $0.044 |
| Feb 03, 2011 | $0.043 |
| Jan 06, 2011 | $0.043 |
| Dec 03, 2010 | $0.043 |
| Nov 03, 2010 | $0.043 |
| Oct 05, 2010 | $0.043 |
| Sep 03, 2010 | $0.043 |
| Aug 04, 2010 | $0.043 |
| Jul 06, 2010 | $0.043 |
| Jun 03, 2010 | $0.043 |
| May 05, 2010 | $0.043 |
| Apr 06, 2010 | $0.043 |
| Mar 03, 2010 | $0.043 |
| Feb 03, 2010 | $0.044 |
| Jan 07, 2010 | $0.044 |
| Dec 03, 2009 | $0.044 |
| Nov 04, 2009 | $0.045 |
| Oct 05, 2009 | $0.045 |
| Sep 03, 2009 | $0.045 |
| Aug 05, 2009 | $0.045 |
| Jul 06, 2009 | $0.045 |
| Jun 03, 2009 | $0.045 |
| May 05, 2009 | $0.045 |
| Apr 03, 2009 | $0.045 |
| Mar 04, 2009 | $0.045 |
| Feb 04, 2009 | $0.045 |
| Jan 07, 2009 | $0.045 |
| Dec 03, 2008 | $0.045 |
| Nov 05, 2008 | $0.045 |
| Oct 03, 2008 | $0.045 |
| Sep 04, 2008 | $0.045 |
| Aug 05, 2008 | $0.044 |
| Jul 03, 2008 | $0.044 |
| Jun 04, 2008 | $0.044 |
| May 05, 2008 | $0.043 |
| Apr 03, 2008 | $0.043 |
| Mar 05, 2008 | $0.043 |
| Feb 05, 2008 | $0.044 |
| Jan 07, 2008 | $0.044 |
| Dec 05, 2007 | $0.044 |
| Nov 05, 2007 | $0.045 |
| Oct 03, 2007 | $0.045 |
| Sep 06, 2007 | $0.045 |
| Aug 03, 2007 | $0.045 |
| Jul 05, 2007 | $0.045 |
| Jun 05, 2007 | $0.045 |
| May 03, 2007 | $0.045 |
| Apr 04, 2007 | $0.046 |
| Mar 05, 2007 | $0.046 |
| Feb 05, 2007 | $0.046 |
| Jan 08, 2007 | $0.046 |
| Dec 05, 2006 | $0.046 |
| Nov 03, 2006 | $0.046 |
| Oct 04, 2006 | $0.046 |
| Sep 06, 2006 | $0.046 |
| Aug 03, 2006 | $0.046 |
| Jul 06, 2006 | $0.044 |
| Jun 05, 2006 | $0.044 |
| May 03, 2006 | $0.044 |
| Mar 03, 2006 | $0.044 |
| Feb 03, 2006 | $0.045 |
| Jan 06, 2006 | $0.045 |
| Dec 05, 2005 | $0.045 |
| Nov 03, 2005 | $0.045 |
| Oct 05, 2005 | $0.046 |
| Sep 06, 2005 | $0.046 |
| Aug 03, 2005 | $0.047 |
| Jul 06, 2005 | $0.047 |
| Jun 03, 2005 | $0.047 |
| May 04, 2005 | $0.047 |
| Apr 05, 2005 | $0.047 |
| Mar 03, 2005 | $0.047 |
| Feb 03, 2005 | $0.047 |
| Jan 06, 2005 | $0.047 |
| Dec 03, 2004 | $0.047 |
| Nov 03, 2004 | $0.047 |
| Oct 05, 2004 | $0.047 |
| Sep 03, 2004 | $0.047 |
| Aug 04, 2004 | $0.047 |
| Jul 06, 2004 | $0.047 |
| Jun 03, 2004 | $0.047 |
| May 05, 2004 | $0.047 |
| Apr 05, 2004 | $0.047 |
| Mar 03, 2004 | $0.047 |
| Feb 04, 2004 | $0.047 |
| Jan 07, 2004 | $0.047 |
| Dec 03, 2003 | $0.047 |
| Nov 05, 2003 | $0.047 |
| Oct 03, 2003 | $0.047 |
| Sep 04, 2003 | $0.047 |
| Aug 05, 2003 | $0.047 |
| Jul 03, 2003 | $0.047 |
| Jun 04, 2003 | $0.047 |
| May 05, 2003 | $0.049 |
| Apr 03, 2003 | $0.049 |
| Mar 05, 2003 | $0.049 |
| Feb 05, 2003 | $0.049 |
| Jan 07, 2003 | $0.049 |
| Dec 04, 2002 | $0.049 |
| Nov 05, 2002 | $0.049 |
| Oct 03, 2002 | $0.051 |
| Sep 05, 2002 | $0.051 |
| Aug 05, 2002 | $0.051 |
| Jul 03, 2002 | $0.051 |
| Jun 05, 2002 | $0.051 |
| May 03, 2002 | $0.051 |
| Apr 03, 2002 | $0.051 |
| Mar 05, 2002 | $0.051 |
| Feb 05, 2002 | $0.051 |
| Jan 07, 2002 | $0.051 |
| Dec 05, 2001 | $0.051 |
| Nov 05, 2001 | $0.052 |
| Oct 03, 2001 | $0.052 |
| Sep 06, 2001 | $0.052 |
| Aug 03, 2001 | $0.052 |
| Jul 05, 2001 | $0.052 |
| Jun 05, 2001 | $0.052 |
| May 03, 2001 | $0.052 |
| Apr 04, 2001 | $0.052 |
| Mar 05, 2001 | $0.052 |
| Feb 05, 2001 | $0.055 |
| Jan 05, 2001 | $0.055 |
| Dec 05, 2000 | $0.055 |
| Nov 03, 2000 | $0.055 |
| Oct 13, 2000 | $0.055 |
| Sep 15, 2000 | $0.055 |
| Aug 15, 2000 | $0.055 |
| Jul 14, 2000 | $0.055 |
| Jun 15, 2000 | $0.055 |
| May 15, 2000 | $0.055 |
| Apr 14, 2000 | $0.055 |
| Mar 15, 2000 | $0.055 |
| Feb 15, 2000 | $0.055 |
| Dec 15, 1999 | $0.055 |
| Nov 15, 1999 | $0.055 |
| Oct 15, 1999 | $0.055 |
| Sep 15, 1999 | $0.055 |
| Aug 13, 1999 | $0.055 |
| Jul 15, 1999 | $0.055 |
| May 14, 1999 | $0.056 |
| Apr 15, 1999 | $0.056 |
| Mar 15, 1999 | $0.056 |
| Feb 12, 1999 | $0.056 |
| Jan 15, 1999 | $0.112 |
| Dec 15, 1998 | $0.056 |
| Nov 13, 1998 | $0.056 |
| Oct 15, 1998 | $0.056 |
| Sep 15, 1998 | $0.056 |
| Aug 14, 1998 | $0.056 |
| Jul 15, 1998 | $0.056 |
| Jun 15, 1998 | $0.056 |
| May 15, 1998 | $0.056 |
| Apr 15, 1998 | $0.056 |
| Mar 13, 1998 | $0.056 |
| Feb 13, 1998 | $0.056 |
| Jan 15, 1998 | $0.056 |
| Dec 15, 1997 | $0.058 |
| Nov 14, 1997 | $0.058 |
| Oct 15, 1997 | $0.058 |
| Sep 15, 1997 | $0.058 |
| Aug 15, 1997 | $0.058 |
| Jul 15, 1997 | $0.058 |
| Jun 13, 1997 | $0.058 |
| May 15, 1997 | $0.058 |
| Apr 15, 1997 | $0.058 |
| Mar 14, 1997 | $0.059 |
| Feb 14, 1997 | $0.059 |
| Jan 15, 1997 | $0.059 |
| Dec 13, 1996 | $0.059 |
| Nov 15, 1996 | $0.059 |
| Oct 15, 1996 | $0.059 |
| Sep 13, 1996 | $0.059 |
| Aug 15, 1996 | $0.059 |
| Jul 15, 1996 | $0.057 |
| Jun 14, 1996 | $0.062 |
| May 15, 1996 | $0.062 |
| Apr 15, 1996 | $0.062 |
| Mar 15, 1996 | $0.062 |
| Feb 15, 1996 | $0.062 |
| Jan 15, 1996 | $0.062 |
| Dec 15, 1995 | $0.062 |
| Nov 15, 1995 | $0.062 |
| Oct 13, 1995 | $0.062 |
| Sep 15, 1995 | $0.062 |
| Aug 15, 1995 | $0.062 |
| Jul 14, 1995 | $0.062 |
| Jun 15, 1995 | $0.062 |
| May 15, 1995 | $0.062 |
| Apr 13, 1995 | $0.062 |
| Mar 15, 1995 | $0.065 |
| Feb 15, 1995 | $0.065 |
| Jan 13, 1995 | $0.065 |
| Dec 15, 1994 | $0.065 |
| Nov 15, 1994 | $0.065 |
| Oct 14, 1994 | $0.065 |
| Sep 15, 1994 | $0.065 |
| Aug 15, 1994 | $0.065 |
| Jul 15, 1994 | $0.065 |
| Jun 15, 1994 | $0.065 |
| May 13, 1994 | $0.065 |
| Apr 15, 1994 | $0.065 |
| Mar 15, 1994 | $0.065 |
| Feb 15, 1994 | $0.065 |
| Jan 14, 1994 | $0.065 |
| Dec 15, 1993 | $0.065 |
| Nov 15, 1993 | $0.065 |
| Oct 15, 1993 | $0.065 |
| Sep 15, 1993 | $0.066 |
| Aug 13, 1993 | $0.066 |
| Jul 15, 1993 | $0.066 |
| Jun 15, 1993 | $0.066 |
| May 14, 1993 | $0.066 |
| Apr 15, 1993 | $0.066 |
| Mar 15, 1993 | $0.066 |
| Feb 12, 1993 | $0.066 |
| Jan 15, 1993 | $0.066 |
| Dec 15, 1992 | $0.069 |
| Nov 13, 1992 | $0.069 |
| Oct 15, 1992 | $0.069 |
| Sep 15, 1992 | $0.069 |
| Aug 14, 1992 | $0.069 |
| Jul 15, 1992 | $0.069 |
| Jun 15, 1992 | $0.069 |
Start Date
Tenure
Tenure Rank
Dec 31, 1996
23.68
23.7%
Francisco Rivera,Vice President, has been a lead portfolio manager since 1996. He has primary responsibility for the investments. 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 investment management requirements. The degree to which he may perform these functions, and the nature of these functions, may change from time to time. He joined Franklin Templeton Investments in 1994.
Start Date
Tenure
Tenure Rank
Dec 31, 2004
15.68
15.7%
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.
Start Date
Tenure
Tenure Rank
Sep 01, 2018
2.0
2.0%
Daniel Workman, CFA, has been an analyst or portfolio manager since 2009,providing research and advice on the purchases and sales of individual securities, and portfolio risk assessment. He joined Franklin Templeton Investments in 2003.
Start Date
Tenure
Tenure Rank
Aug 01, 2020
0.08
0.1%
Mr. Barber is the Head of the Municipals team. Mr. Barber joined the Goldman Sachs Asset Management, L.P. in 1999 as a portfolio manager, and prior to that, he was with Franklin Advisers from 1991 to 1999. Barber is a member of the National Federation of Municipal Analysts, the California Society of Municipal Analysts and the Municipal Bond Club of San Francisco.
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 26.64 | 6.43 | 5.49 |
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