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Should You Invest in Franklin Florida Tax-Free Income A Fund (FRFLX)?

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Franklin Florida Tax-Free Income A ( FRFLX ) a Zacks Ranked #2 (Buy) was incepted in September 1987 and is managed by Franklin Advisers. The main objective of FRFLX is to provide investors with a high a level of income exempt from federal income taxes as is consistent with prudent investing, while seeking preservation of shareholders' capital. FRFLX invests at least 80% of its total assets in securities that pay interest free from the personal income taxes, if any, of that fund's state. The manager selects securities that FRFLX believes will provide the best balance between risk and return within a fund's range of allowable investments and typically uses a buy and hold strategy. FRFLX offers dividends monthly.

Franklin Florida Tax-Free Income A, managed by Franklin Templeton , carries an expense ratio of 0.62. Moreover, FRFLX requires a minimal initial investment of $1,000.

FRFLX has a history of positive total returns for over 10 years. Specifically, the fund's returns over the 1, 3, 5 year benchmarks; 1 year 2.03%, 3 year 1.48% and 5 year 3.29%. To see how this fund performed compared in its category, please click here .

FRFLX's performance, as of the last filing, when compared to funds in its category was in the top 43% in 1 year, top 59% over the past 3 years, and in the 35% 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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