FRFQX: Franklin Florida Tax Free Income Fund - MutualFunds.com

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Franklin Florida Tax Free Income R6

FRFQX - Snapshot

Vitals

  • YTD Return -0.4%
  • 3 Yr Annualized Return 3.5%
  • 5 Yr Annualized Return 2.9%
  • Net Assets $544 M
  • Holdings in Top 10 25.2%

52 WEEK LOW AND HIGH

$10.61
$10.02
$10.89

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.58%

SALES FEES

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

BROKERAGE FEES

  • Turnover 9.33%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Single State Long

Compare FRFQX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.64

0.00%

$78.20 B

0.00%

$0.00

1.17%

0.17%

$11.21

0.00%

$32.33 B

0.00%

$0.00

1.17%

0.17%

$13.38

0.00%

$24.21 B

0.00%

$0.00

0.38%

0.52%

$15.93

0.00%

$19.35 B

0.00%

$0.00

0.50%

0.17%

$115.25

-0.01%

$17.86 B

-

-

1.18%

0.07%

FRFQX - Profile

Distributions

  • YTD Total Return -0.4%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 2.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.45%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Franklin Florida Tax Free Income Fund
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    Aug 01, 2017
  • Shares Outstanding
    413902
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Stella Wong

Fund Description

The fund invests at least 80% of its total assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. In addition, under normal market conditions, it invests at least 80% of its total assets in securities that pay interest free from the personal income taxes, if any, of Florida. The fund also may invest up to 35% of its total assets in municipal securities issued by U.S. territories.


FRFQX - Performance

Return Ranking - Trailing

Period FRFQX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -8.5% 300.4% 66.21%
1 Yr 2.7% -5.9% 6.6% 46.22%
3 Yr 3.5%* -0.9% 7.4% 44.15%
5 Yr 2.9%* -0.2% 7.0% 58.27%
10 Yr 3.2%* -0.1% 8.1% 57.37%

* Annualized

Return Ranking - Calendar

Period FRFQX Return Category Return Low Category Return High Rank in Category (%)
2019 2.2% -0.3% 15.4% 86.74%
2018 -2.0% -10.3% 97.2% 42.03%
2017 N/A -100.0% 7.6% N/A
2016 N/A -7.9% 96.8% N/A
2015 N/A -4.8% 3.0% N/A

Total Return Ranking - Trailing

Period FRFQX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -8.5% 300.4% 66.21%
1 Yr 2.7% -8.7% 6.6% 32.09%
3 Yr 3.5%* -2.4% 7.4% 35.63%
5 Yr 2.9%* -1.4% 7.0% 47.40%
10 Yr 3.2%* -0.5% 8.1% 51.36%

* Annualized

Total Return Ranking - Calendar

Period FRFQX Return Category Return Low Category Return High Rank in Category (%)
2019 2.2% -0.3% 15.4% 86.92%
2018 -2.0% -10.3% 11.0% 44.86%
2017 N/A -100.0% 7.6% N/A
2016 N/A -7.9% 3.0% N/A
2015 N/A -4.8% 4.0% N/A

NAV & Total Return History


FRFQX - Holdings

Concentration Analysis

FRFQX Category Low Category High FRFQX % Rank
Net Assets 544 M 617 K 78.2 B 44.50%
Number of Holdings 106 3 10083 82.44%
Net Assets in Top 10 137 M -202 M 4.54 B 31.90%
Weighting of Top 10 25.17% 2.4% 99.7% 24.18%

Top 10 Holdings

  1. MIAMI-DADE CNTY FLA EXPWY AUTH TOLL SYS REV 5% 3.49%
  2. FLORIDA ST BRD ED CAP OUTLAY 6% 3.23%
  3. MIAMI-DADE CNTY FLA TRAN SYS SALES SURTAX REV 5% 3.02%
  4. ST LUCIE CNTY FLA POLLUTN CTL REV 0.05% 2.98%
  5. LAKELAND FLA HOSP SYS REV 5% 2.54%
  6. MIAMI-DADE CNTY FLA TRAN SYS SALES SURTAX REV 5% 2.27%
  7. MIAMI BEACH FLA STORMWATER REV 5% 2.18%
  8. MIAMI-DADE CNTY FLA SEAPORT REV 6% 2.13%
  9. TAMPA BAY WTR FLA A REGL WTR SUPPLY AUTH UTIL SYS REV 5% 2.13%
  10. MIAMI-DADE CNTY FLA AVIATION REV 5% 2.12%

Asset Allocation

Weighting Return Low Return High FRFQX % Rank
Bonds
99.80% 65.51% 149.06% 26.84%
Cash
0.20% -49.07% 34.49% 69.75%
Stocks
0.00% 0.00% 1.67% 62.63%
Preferred Stocks
0.00% -0.98% 1.04% 60.51%
Other
0.00% -1.48% 12.83% 61.93%
Convertible Bonds
0.00% 0.00% 1.83% 61.02%

Bond Sector Breakdown

Weighting Return Low Return High FRFQX % Rank
Municipal
99.40% 49.08% 100.00% 39.15%
Cash & Equivalents
0.60% 0.00% 34.49% 59.83%
Derivative
0.00% 0.00% 2.16% 60.68%
Securitized
0.00% 0.00% 6.06% 61.36%
Corporate
0.00% 0.00% 13.25% 68.10%
Government
0.00% 0.00% 49.86% 63.80%

Bond Geographic Breakdown

Weighting Return Low Return High FRFQX % Rank
US
99.04% 65.51% 142.92% 23.91%
Non US
0.76% 0.00% 27.43% 51.39%

FRFQX - Expenses

Operational Fees

FRFQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.58% 0.01% 4.01% 73.66%
Management Fee 0.50% 0.00% 1.10% 79.04%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.47% 73.48%

Sales Fees

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

Trading Fees

FRFQX 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.

FRFQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.33% 0.00% 235.00% 12.39%

FRFQX - Distributions

Dividend Yield Analysis

FRFQX Category Low Category High FRFQX % Rank
Dividend Yield 0.00% 0.00% 3.82% 63.40%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FRFQX Category Low Category High FRFQX % Rank
Net Income Ratio 3.45% 0.04% 6.48% 7.86%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FRFQX - Fund Manager Analysis

Managers

Stella Wong


Start Date

Tenure

Tenure Rank

Sep 01, 1987

33.1

33.1%

Ms. Wong has been an analyst or portfolio manager of the Colorado, Connecticut and Pennsylvania Funds since their inception. She joined Franklin Templeton in 1986. She currently manages several Franklin state tax-free funds, supervises Franklin's municipal trading desk, and acts as liaison between the municipal bond department and other areas of Franklin. Wong is a member of the California Society of Municipal Analysts and the San Francisco Municipal Bond Club.

Carrie Higgins


Start Date

Tenure

Tenure Rank

Dec 31, 2004

15.76

15.8%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.85 8.28 2.76