Franklin MO Tax-Free Income AFRMOX

Franklin Missouri Tax-Free Income is a compelling choice.

The municipal-bond market has taken some dramatic twists and turns during the past year. As the credit crisis deepened in late 2008, municipal-bond issuance dried up. Nervous investors fled to the highest-quality bonds, which outperformed riskier fare.  Read more 

This fund follows Franklin's income-focused, low-turnover approach, ignoring interest-rate and large credit bets. Although the fund invests primarily in bonds of Missouri issuers, it can also invest in Puerto Rico issues, whose income is exempt from federal and state taxes.  Read more 

Carrie Higgins took the lead on this fund in December 1999 after serving as comanager since the early 1990s. She also manages Franklin's Arizona FTAZX, Double Tax-Free FPRTX, and Colorado FRCOX funds, and has done quite well with all three. Stella Wong has been named as a manager since the fund's 1987 inception.  Read more 

In this fund, Missouri residents are getting a typical Franklin single-state municipal-bond offering: a good stream of tax-free income, moderate volatility, and relatively low fees.  Read more