Franklin Missouri Tax Free Income Fund (FRMOX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FRMOX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FRMOX
FRMOX charges 0.67% annually. There are 271 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | FRMOX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | FRMOX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | FRMOX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | FRMOX vs FSMUX | |
| Fidelity Municipal Bond Index Fund | 0.07% | 0.00 | Jul 2019 | FRMOX vs FMBIX |
Best Risk-Adjusted Alternatives to FRMOX
FRMOX has a PortfoliosLab risk / return rank of 84. There are 46 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | FRMOX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | FRMOX vs DFCMX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | FRMOX vs DNYMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | FRMOX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 99 | — | May 2016 | FRMOX vs USMTX |
Top Performing FRMOX Alternatives (YTD)
FRMOX is at 2.10% YTD. There are 64 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.50%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 11.50% | — | Apr 1998 | FRMOX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 7.89% | — | Nov 2002 | FRMOX vs NRK | |
| AllianceBernstein National Municipal Income Fund | 6.96% | — | Nov 2001 | FRMOX vs AFB | |
| Nuveen Virginia Quality Municipal Income Fund | 6.88% | — | Mar 1993 | FRMOX vs NPV | |
| BlackRock MuniYield Michigan Quality Fund | 5.83% | — | Oct 1992 | FRMOX vs MIY |
Lowest Volatility Alternatives to FRMOX
FRMOX has 3.17% 1-year volatility. There are 377 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | FRMOX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | FRMOX vs USMSX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | FRMOX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | FRMOX vs USMTX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | FRMOX vs DFSMX |
Lowest Drawdown Alternatives to FRMOX
FRMOX has a 1-year max drawdown of -2.57%. There are 169 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | FRMOX vs BATVX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | FRMOX vs APUSX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | FRMOX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | FRMOX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | FRMOX vs FHMIX |
Other Mutual Funds from Franklin Templeton
The 10 most viewed Franklin Templeton mutual funds shown here include FKDNX, FKRCX, FKINX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Franklin DynaTech Fund | Large Cap Growth Equities | 20 | 12.20% | — | Jan 1968 | FRMOX vs FKDNX | |
| Franklin Gold and Precious Metals Fund | Precious Metals | 36 | 2.82% | — | May 1969 | FRMOX vs FKRCX | |
| Franklin Income Fund Class A1 | Diversified Portfolio | 84 | 4.75% | — | — | FRMOX vs FKINX | |
| Franklin Growth Fund | Large Cap Growth Equities | 25 | 6.28% | — | Apr 1948 | FRMOX vs FKGRX | |
| ClearBridge Energy Midstream Opportunity Fund | MLPs, Energy Equities | 23 | 16.39% | — | Jun 2011 | FRMOX vs EMO | |
| Franklin Rising Dividends Fund | Large Cap Blend Equities | 30 | 5.63% | — | Jan 1987 | FRMOX vs FRDPX | |
| ClearBridge Large Cap Growth Fund | Large Cap Growth Equities | 9 | 4.27% | — | Aug 1997 | FRMOX vs SBLGX | |
| ClearBridge Aggressive Growth Fund | Large Cap Blend Equities | 8 | 2.93% | — | Oct 1983 | FRMOX vs SHRAX | |
| Franklin Income Fund Advisor Class | Diversified Portfolio | 90 | 5.29% | — | Aug 1997 | FRMOX vs FRIAX | |
| ClearBridge Appreciation Fund | Large Cap Blend Equities | 32 | 5.26% | — | Mar 1970 | FRMOX vs SHAPX |
Often Compared With FRMOX
Investors most often compare FRMOX with FMOTX, FGNSX, DMREX. These 9 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nuveen Missouri Municipal Bond Fund | Municipal Bonds | 79 | 1.58% | — | Aug 1987 | FRMOX vs FMOTX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 97 | 0.77% | — | Dec 2017 | FRMOX vs FGNSX | |
| DFA Municipal Real Return Portfolio | Municipal Bonds | 96 | 2.33% | — | Nov 2014 | FRMOX vs DMREX | |
| DFA California Municipal Real Return Portfolio | Municipal Bonds | 97 | 2.22% | — | Oct 2017 | FRMOX vs DCARX | |
| Nuveen Pennsylvania Quality Municipal Income | Municipal Bonds | — | — | — | Feb 1991 | FRMOX vs NQP | |
| BlackRock MuniHoldings California Quality Fund | Municipal Bonds | 27 | 4.64% | — | Feb 1998 | FRMOX vs MUC | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 76 | 1.71% | — | Jun 2012 | FRMOX vs FXIEX | |
| BlackRock MuniYield Quality Fund | Municipal Bonds | 17 | 3.64% | — | Jul 1992 | FRMOX vs MQY | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 51 | 5.41% | — | Mar 1998 | FRMOX vs MUJ |
Compare FRMOX with Any Fund or Stock
Compare FRMOX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FRMOX with funds that move differently
Franklin Missouri Tax Free Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FRMOX.
Explore FRMOX Diversifiers