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Franklin Federal Tax-Free Income A

FKTIX
12.47
-0.01
-0.08%
5/27/2016
5 Years
  • Previous Close

    12.48

  • Net Assets

    8.39B

  • Yield

    3.79%

  • Front load

    4.25

  • Expenses

    0.62%

  • Category

    Muni National Long

  • Morningstar Risk

    Average

  • Morningstar Rating ★★★
Profile

Name of Issuer

Franklin Templeton Investments

Fund Style

Open

Fund Manager

Sheila Amoroso

Investment Style

-

The investment seeks 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 invests at least 80% of 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, although not anticipated, in securities that pay taxable interest.

Purchase Information

Initial Purchase 1,000
Initial Purchase: IRA NA
Initial Purchase: AIP 50

Inception

10/7/1983

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