Franklin Missouri Tax Free Income Fund (FRMOX)
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 Missouri. The fund also may invest up to 35% of its total assets in municipal securities issued by U.S. territories.
Fund Info
| ISIN | US3547238192 |
|---|---|
| CUSIP | 354723819 |
| Issuer | Franklin Templeton Investments |
| Inception Date | Aug 31, 1987 |
| Category | Municipal Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
FRMOX features an expense ratio of 0.67%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Franklin Missouri Tax Free Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Franklin Missouri Tax Free Income Fund had a return of 1.43% year-to-date (YTD) and 8.86% in the last 12 months. Over the past 10 years, Franklin Missouri Tax Free Income Fund had an annualized return of 1.63%, while the S&P 500 had an annualized return of 11.33%, indicating that Franklin Missouri Tax Free Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.43% | 24.30% |
| 1 month | -1.79% | 4.09% |
| 6 months | 1.16% | 14.29% |
| 1 year | 8.86% | 35.42% |
| 5 years (annualized) | 0.47% | 13.95% |
| 10 years (annualized) | 1.63% | 11.33% |
Monthly Returns
The table below presents the monthly returns of FRMOX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.09% | -0.01% | 0.11% | -1.06% | 0.12% | 1.82% | 0.78% | 0.59% | 1.12% | -1.31% | 1.43% | ||
| 2023 | 3.19% | -2.51% | 1.86% | -0.04% | -0.58% | 0.67% | 0.27% | -1.25% | -3.33% | -1.84% | 6.96% | 2.84% | 5.94% |
| 2022 | -2.57% | -0.75% | -3.08% | -3.10% | 0.80% | -2.18% | 2.63% | -2.72% | -4.32% | -1.24% | 5.06% | -0.10% | -11.33% |
| 2021 | 0.29% | -1.31% | 0.74% | 0.88% | 0.28% | 0.23% | 0.87% | -0.37% | -0.88% | -0.06% | 0.97% | 0.14% | 1.76% |
| 2020 | 1.76% | 1.28% | -3.00% | -1.92% | 2.93% | 0.90% | 1.31% | -0.37% | -0.03% | -0.38% | 1.58% | 0.64% | 4.64% |
| 2019 | 0.53% | 0.61% | 1.40% | 0.72% | 1.11% | 0.31% | 0.51% | 1.59% | -0.53% | -0.12% | 0.21% | 0.07% | 6.58% |
| 2018 | -0.96% | -0.27% | 0.34% | -0.27% | 0.97% | 0.26% | 0.70% | 0.18% | -0.44% | -0.61% | 0.62% | 0.97% | 1.49% |
| 2017 | 0.39% | 0.38% | -0.13% | 0.56% | 0.73% | -0.39% | 0.45% | 0.52% | -0.77% | -0.34% | -0.28% | 1.03% | 2.15% |
| 2016 | 0.80% | 0.38% | 0.22% | 0.38% | 0.22% | 1.54% | 0.37% | 0.04% | -0.20% | -0.45% | -2.45% | 0.56% | 1.35% |
| 2015 | 2.13% | -0.82% | 0.06% | -0.45% | -0.04% | -0.46% | 0.13% | 0.21% | 0.80% | 0.30% | 0.13% | 0.39% | 2.37% |
| 2014 | 1.55% | 1.87% | -0.01% | 0.84% | 2.19% | -0.92% | 0.16% | 1.60% | 0.22% | 0.40% | 0.40% | 0.48% | 9.09% |
| 2013 | 0.76% | 0.13% | -0.79% | 1.21% | -1.05% | -3.12% | -1.87% | -2.22% | 1.69% | 0.67% | -0.42% | -0.87% | -5.82% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FRMOX is 62, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Franklin Missouri Tax Free Income Fund (FRMOX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Franklin Missouri Tax Free Income Fund provided a 3.46% dividend yield over the last twelve months, with an annual payout of $0.36 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.34 | $0.32 | $0.30 | $0.31 | $0.35 | $0.36 | $0.39 | $0.43 | $0.43 | $0.47 | $0.44 |
Dividend yield | 3.46% | 3.27% | 3.07% | 2.50% | 2.56% | 2.98% | 3.13% | 3.35% | 3.63% | 3.61% | 3.83% | 3.82% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Missouri Tax Free Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.30 | |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2022 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2021 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.30 |
| 2020 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2013 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin Missouri Tax Free Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin Missouri Tax Free Income Fund was 16.34%, occurring on Oct 26, 2022. The portfolio has not yet recovered.
The current Franklin Missouri Tax Free Income Fund drawdown is 4.91%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.34% | Aug 6, 2021 | 309 | Oct 26, 2022 | — | — | — |
| -14.22% | May 22, 2008 | 101 | Oct 15, 2008 | 128 | Apr 21, 2009 | 229 |
| -9.59% | Feb 1, 1994 | 210 | Nov 21, 1994 | 83 | Mar 16, 1995 | 293 |
| -9.44% | Dec 10, 2012 | 188 | Sep 9, 2013 | 274 | Oct 9, 2014 | 462 |
| -9.25% | Mar 10, 2020 | 9 | Mar 20, 2020 | 94 | Aug 4, 2020 | 103 |
Volatility
Volatility Chart
The current Franklin Missouri Tax Free Income Fund volatility is 1.56%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.