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Franklin Missouri Tax-Free Income A Fund (FRMOX) in Focus

Franklin MO Tax-Free Income A ( FRMOX ) a Zacks Ranked #1 (Strong Buy) seeks to invest a lion's share of its total assets in securities that pay interest free from the personal income taxes, if any, of that fund's state. FRMOX's investment goal is to provide investors with high level of income exempt from federal income taxes as is consistent with prudent investing, while seeking preservation of shareholder's capital. FRMOX also invests in municipal lease obligations, which generally are issued to finance the purchase of public property. FRMOX offers dividends monthly. Capital gains, if any, are distributed annually.

The Franklin MO Tax-Free Income A fund, managed by Franklin/Temp , carries an expense ratio of 0.63. Moreover, FRMOX requires a minimal initial investment of $1,000.

FRMOX has a history of strong positive total returns for over 10 years. Specifically, the fund's returns over the 1, 3, 5 year benchmarks; 1 year 2.27%, 3 year 1.46%, and 5 year 3.25%. To see how this fund performed compared in its category, please click here .

FRMOX's performance, as of the last filing, when compared to funds in its category was in the top 31% in 1 year, top 60% over the past 3 years, and in the 37% over the past 5 years.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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