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Franklin Federal Tax Free Income C (FRFTX)

10.35
-0.19
(-1.80%)
At close: 8:03:53 PM EDT

Fund Summary

The fund invests at least 80% of its total assets in investment grade municipal securities whose interest is free from federal income taxes, including the federal alternative minimum tax. 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 in securities that pay taxable interest.

Franklin Federal Tax Free Income C

San Mateo, CA 94403-1906
One Franklin Parkway

Fund Overview

Category Muni National Long
Fund Family Franklin Templeton Investments
Net Assets 8.19B
YTD Return -0.92%
Yield 3.13%
Morningstar Rating
Inception Date Apr 28, 1995

Fund Operations

Last Dividend 0.08
Last Cap Gain -12.00
Holdings Turnover 15.32%
Average for Category --

Fees & Expenses

Expense FRFTX Category Average
Annual Report Expense Ratio (net) 1.18% 0.73%
Prospectus Net Expense Ratio 1.18% --
Prospectus Gross Expense Ratio 1.18% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.72%
Max Deferred Sales Load -- 1.54%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

James Patrick Conn, Lead Manager since November 02, 2020
Mr. Conn is a senior vice president and portfolio manager with Franklin Advisers, Inc, his employer since 1996. He has final authority over all aspects of the Fund's investment portfolio, including but not limited to, purchases and sales of individual securities, portfolio risk assessment, and the management of daily cash balances in accordance with anticipated management requirements. Mr. Conn holds the Chartered Financial Analyst designation.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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