FKTIX: Franklin Federal Tax Free Income Fund - MutualFunds.com

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Franklin Federal Tax Free Income A1

FKTIX - Snapshot

Vitals

  • YTD Return 1.8%
  • 3 Yr Annualized Return 3.5%
  • 5 Yr Annualized Return 3.0%
  • Net Assets $10.9 B
  • Holdings in Top 10 5.6%

52 WEEK LOW AND HIGH

$12.21
$11.03
$12.39

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.62%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 20.23%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Sep 07, 2018
  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification

  • Primary Theme
    Municipal Bond
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Long

Compare FKTIX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Vanguard Intermediate-Term Tax-Exempt Fund

Fund

$14.80

0.00%

$78.56 B

-

$0.00

2.28%

-

Vanguard Limited Term Tax Exempt Fund

Fund

$11.24

0.00%

$32.48 B

-

$0.00

1.44%

-

American Funds Tax Exempt Bond Fund®

Fund

$13.56

0.00%

$24.26 B

-

$0.00

1.73%

-

Vanguard Short Term Tax Exempt Fund

Fund

$15.94

0.00%

$20.00 B

-

$0.00

0.57%

-

iShares National Muni Bond ETF

MUB | ETF

$116.79

-0.09%

$18.20 B

-

-

2.31%

-

FKTIX - Profile

Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return 2.2%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.11%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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
    577048336
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Francisco Rivera

Fund Description

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.

FKTIX - Performance

Return Ranking - Trailing

Period FKTIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -4.4% 307.0% 25.64%
1 Yr 3.0% -5.4% 5.8% 22.22%
3 Yr 3.5%* -0.6% 8.2% 34.71%
5 Yr 3.0%* -0.3% 6.9% 45.61%
10 Yr 3.8%* -0.1% 8.1% 29.08%

* Annualized

Return Ranking - Calendar

Period FKTIX Return Category Return Low Category Return High Rank in Category (%)
2019 3.4% -0.3% 15.4% 64.89%
2018 -3.1% -10.3% 97.2% 85.08%
2017 -0.2% -100.0% 7.6% 93.26%
2016 -3.0% -7.9% 96.8% 58.74%
2015 -1.4% -4.8% 3.0% 91.94%

Total Return Ranking - Trailing

Period FKTIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -4.4% 307.0% 25.64%
1 Yr -0.9% -8.3% 5.8% 82.70%
3 Yr 2.2%* -2.5% 8.2% 71.76%
5 Yr 2.2%* -1.5% 6.9% 68.20%
10 Yr 3.4%* -0.4% 8.1% 39.70%

* Annualized

Total Return Ranking - Calendar

Period FKTIX Return Category Return Low Category Return High Rank in Category (%)
2019 4.3% -0.3% 15.4% 32.57%
2018 0.6% -10.3% 11.0% 4.80%
2017 3.6% -100.0% 7.6% 8.88%
2016 0.7% -7.9% 3.0% 1.15%
2015 2.4% -4.8% 4.0% 2.22%

NAV & Total Return History

FKTIX - Holdings

Concentration Analysis

FKTIX Category Low Category High FKTIX % Rank
Net Assets 10.9 B 611 K 78.6 B 1.75%
Number of Holdings 951 1 10805 10.20%
Net Assets in Top 10 605 M -199 M 3.97 B 2.87%
Weighting of Top 10 5.55% 2.5% 100.0% 96.21%

Top 10 Holdings

  1. NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% 0.82%
  2. NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% 0.67%
  3. SOUTH DAKOTA ST HEALTH & EDL FACS AUTH REV 5% 0.55%
  4. NORTH TEX TWY AUTH REV 5% 0.52%
  5. SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 5% 0.52%
  6. NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 4% 0.52%
  7. LIBERTY N Y DEV CORP REV 5.25% 0.51%
  8. SAN MATEO FOSTER CITY CALIF SCH DIST 0% 0.50%
  9. INDIANAPOLIS IND LOC PUB IMPT BD BK 5% 0.48%
  10. WASHINGTON D C MET AREA TRAN AUTH DEDICATED REV 5% 0.47%

Asset Allocation

Weighting Return Low Return High FKTIX % Rank
Bonds 		100.37% 0.00% 147.66% 8.62%
Stocks 		0.00% 0.00% 1.80% 13.01%
Preferred Stocks 		0.00% -0.98% 1.07% 9.19%
Other 		0.00% -1.46% 12.83% 12.74%
Convertible Bonds 		0.00% 0.00% 1.64% 9.58%
Cash 		-0.37% -47.66% 100.00% 91.49%

Bond Sector Breakdown

Weighting Return Low Return High FKTIX % Rank
Municipal 		100.00% 0.00% 100.00% 2.42%
Derivative 		0.00% 0.00% 2.16% 9.02%
Cash & Equivalents 		0.00% 0.00% 100.00% 85.01%
Securitized 		0.00% 0.00% 6.06% 11.16%
Corporate 		0.00% 0.00% 12.97% 23.73%
Government 		0.00% 0.00% 49.72% 13.87%

Bond Geographic Breakdown

Weighting Return Low Return High FKTIX % Rank
US 		99.84% 0.00% 141.34% 10.09%
Non US 		0.53% 0.00% 27.82% 56.54%

FKTIX - Expenses

Operational Fees

FKTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.62% 0.01% 4.23% 68.01%
Management Fee 0.45% 0.00% 1.10% 48.39%
12b-1 Fee 0.10% 0.00% 1.00% 20.29%
Administrative Fee 0.15% 0.01% 0.47% 61.21%

Sales Fees

FKTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.50% 5.75% 48.13%
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

FKTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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 Return Low Category Return High Rank in Category (%)
Turnover 20.23% 0.00% 233.00% 49.77%

FKTIX - Distributions

Dividend Yield Analysis

FKTIX Category Low Category High FKTIX % Rank
Dividend Yield 0.00% 0.00% 3.55% 14.86%

Dividend Distribution Analysis

FKTIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FKTIX Category Low Category High FKTIX % Rank
Net Income Ratio 3.11% 0.00% 6.48% 15.00%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FKTIX - Fund Manager Analysis

Managers

Francisco Rivera

Start Date

Tenure

Tenure Rank

Dec 31, 1996

23.85

23.9%

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.

Daniel Workman

Start Date

Tenure

Tenure Rank

Sep 01, 2018

2.17

2.2%

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.

Ben Barber

Start Date

Tenure

Tenure Rank

Aug 01, 2020

0.25

0.3%

Mr. Barber is is the Director of Franklin's Municipal Bond Department. Prior to joining Franklin Templeton, he was co-head of municipal bonds at Goldman Sachs Asset Management. He first joined Franklin Templeton in 1991 and rejoined again in April 2020.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 35.61 7.61 2.84

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