Fund Description

The fund seeks to maximize income exempt from federal income taxes to the extent consistent with prudent investing and the preservation of shareholders' capital, by investing predominantly in municipal green bonds issued by municipalities that intend to use bond proceeds for projects and programs that promote environmental sustainability.

Strategy Statement

"As one of the largest municipal bond fund managers in the nation, we conduct in-depth research across the entire municipal bond landscape to identify the most attractive municipal green bond opportunities for our portfolios."

Nicholas K. Bucklin, CFA®

Management

Daniel Workman, CFA

Daniel Workman, CFA®

  • Joined Franklin Templeton in 2003
  • Managed Fund Since 2019
Nicholas K. Bucklin, CFA

Nicholas K. Bucklin, CFA®

  • Joined Franklin Templeton in 2008
  • Managed Fund Since 2019

Strategy, Benefits, Results

Strategy

  • We take a conservative, income-oriented approach.
  • We don't use leverage or invest in derivatives, which can increase portfolio volatility. 
  • Our analysts search for high-quality, municipal green.
  • We buy and hold for the long term.

Benefits

  • Monthly income exempt from federal taxes1
  • Access to a diversified portfolio fo municipal green bonds
  • Tenured investment team with expertise across market cycles

Selling The Fund

  1. Call attention to Franklin's history of leadership in municipal bond asset management.

  2. Highlight the fund's:

    • Conservative investment strategy
    • Attractive taxable-equivalent yield record
    • Historically lower volatility record
    • Relatively low expense ratio
    • Experienced portfolio management team