Address And Details

One Franklin Pkwy , San Mateo, CA 94403
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

To provide investors with as high a level of income exempt from federal income taxes as is consistent with prudent investment management and the preservation of shareholders’ capital.The Fund also tries to provide a maximum level of income exempt from personal income taxes,if any,for resident shareholders of Missouri.Under normal market conditions,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,the Fund invests at least 80% of its total assets in securities that pay interest free from the personal income taxes,if any,of Missouri.Although the Fund tries to invest all of its assets in tax-free securities,it is possible that up to 20% of the Fund's total assets may be in securities that pay interest that may be subject to the federal alternative minimum tax and,although not anticipated,in securities that pay interest subject to other federal or state income taxes.The Fund only buys municipal securities rated,at the time of purchase,in one of the top four ratings categories by one or more U.S.nationally recognized rating services (or unrated or short-term rated securities of comparable credit quality).The Fund also may invest up to 35% of its total assets in municipal securities issued by U.S.territories.Although the investment manager will search for investments across a large number of municipal securities that finance different types of projects,from time to time, based on economic conditions,the Fund may have significant positions in municipal securities that finance similar types ofprojects.The investment manager selects securities that it believes will provide the best balance between risk and return within the Fund’s range of allowable investments and typically uses a buy and hold strategy.his means it generally holds securities in the Fund’s portfolio for income purposes, rather than trading securities for capital gains,although the investment manager may sell a security at any time if it believes it could help the Fund meet its goal.

Net Asset Value

as of 5:42 PM ET 09/27/2021


  • 1 Week
  • n/a
  • 1 Month
  • -0.91%
  • 3 Months
  • -0.83%
  • 1 Yr Return
  • 0.00%
  • 5 Yr Return
  • -1.80%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 98.86%
Other 1.14%
Stocks 0.00%
Cash 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 59.57 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -0.83 -0.74 -1.01
Beta 0.89 0.80 0.93
R Squared 0.95 0.92 0.88
Std Deviation 3.64 3.25 3.56
Sharpe Ratio 0.75 0.33 n/a

Purchase Information

as of 5:39 PM ET 09/24/2021
Minimum Initial $1000
Minimum Additional $0
Minimum Initial IRA $0


Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 05/31/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 05/31/2021
1 Year
  • +2.81%
  • +3.96%
+2.81% +3.96%
3 Year
  • +3.81%
  • +3.95%
+3.81% +3.95%
10 Year
  • +2.76%
  • +3.03%
+2.76% +3.03%
Life Of Fund
  • +3.96%
  • +3.97%
+3.96% +3.97%

Top 10 Holdings

Symbol Company Name % Of Assets

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