On 5/1/19, this fund began declaring dividends daily, but continues to pay out monthly. It changed its distribution policy from fixed pay, where dividend rates are set based on projections, to variable pay, where income is distributed as it’s earned. The fund also changed its pay date to the end of each month. It made a smaller supplemental distribution in late April and paid its first variable pay distribution in late May. Please see the prospectus supplement for more information.
Effective 3/1/19, the maximum initial sales charge for purchases of less than $100,000 of Franklin Templeton’s long-term fixed income funds (Class A and A1 shares) was lowered to 3.75%. Please see the prospectus supplement for more information. If you have any questions, please contact your financial advisor or call Shareholder Services.
Beginning on 10/19/18, Class C shares held for 10 years or more will automatically convert to Class A shares. Thereafter, Class C shares held for 10 years or more will automatically convert to Class A shares on a monthly basis. This conversion allows shareholders to take advantage of the lower expenses offered by Class A shares. Please see the prospectus supplement for more information. If you have any questions, please contact your financial advisor or call Franklin Templeton.
Class A shares (NASDAQ: FKTIX) were renamed Class A1 and closed to new investors. Existing Class A1 shareholders may continue to add money to their accounts. A new Class A share (NASDAQ: FFQAX) launched with a different expense structure, in which new shareholders can invest. The fund also changed certain sales charges and commissions paid to dealers on Class A and A1 shares. Please see the prospectus supplement for more information. If you have additional questions, please contact your financial advisor or call Franklin Templeton.
New investors must invest in new Class A shares. This A1 share class is available only for existing investors as of 9/7/18.
Total Fund AssetsAs of |
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Net Assets - Class |
|
Total Positions |
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Fund | Benchmark | |
Average Duration
As of |
|
|
Average Weighted Maturity | — |
|
[name] | [value] |
---|---|
Fixed Income |
|
Cash & Cash Equivalents |
|
[name] | [value] |
---|---|
Investment Grade | |
Below Investment Grade | |
Not Rated | |
Refunded | |
Cash & Cash Equivalents |
Investment Grade | ||
---|---|---|
AAA | ||
AA | ||
A | ||
BBB |
Below Investment Grade | ||
---|---|---|
BB | ||
B | ||
CCC | ||
D |
Not Rated |
---|
Refunded |
---|
Cash & Cash Equivalents |
---|
[name] | [value] |
---|---|
Transportation |
|
Utilities |
|
Hospital & Health Care |
|
Refunded |
|
General Obligation Bonds |
|
Tax Supported Debt |
|
Higher Education |
|
Subject to Government Appropriation |
|
Other Revenue Bonds |
|
Other |
|
[name] | [value] |
---|---|
Texas |
|
New York |
|
California |
|
Florida |
|
Georgia |
|
Illinois |
|
Ohio |
|
Massachusetts |
|
Puerto Rico |
|
Other |
|