Fixed Income
FFTRX Franklin Federal Limited-Term Tax-Free Income Fund
- Tax-Free Income. Monthly income exempt from federal income taxes.
- Broad access. Invests across all sectors and maturities within the investment grade rated municipal bond universe.
- Portfolio diversification. Can be used as a core portfolio holding, providing diversification from equities.
Popular Documents
Overview
Fund Facts
Fund description
The fund seeks to provide investors with as high a level of income exempt from regular federal income taxes as is consistent with prudent investment management and the preservation of shareholders' capital. The fund maintains a dollar-weighted average portfolio maturity of five years or less.
- Benchmark
- Bloomberg Municipal Short 1-5 Years Index
- Fund Inception Date
- 09/02/2003
- Dividend Frequency, if any
- Monthly
- Distribution Rate at NAV
As of 01/09/2026 (Updated Daily) - 3.21%
- 30-Day SEC Yield—With Waiver
As of 11/30/2025 (Updated Monthly) - 2.90%
- 30-Day SEC Yield—Without Waiver
As of 11/30/2025 (Updated Monthly) - 2.73%
- Taxable Equivalent Yield—With Waiver
As of 11/30/2025 (Updated Monthly) - 4.90%
- Taxable Equivalent Yield—Without Waiver
As of 11/30/2025 (Updated Monthly) - 4.61%
Sales Charges, Expenses & Fees
- Gross Expense Ratio
- 0.55%
- Net Expense Ratio
- 0.38%
- Maximum Initial Charge
- N/A
- CDSC
- N/A
- 12b-1 Fee
- N/A
Identifiers
- Ticker
- FFTRX
- Fund Number
- 8154
- CUSIP Code
- 354724593
Top Sectors
As of 12/31/2025 % of Total (Updated Monthly)
Industrial Dev. Revenue and Pollution Control25.97% | |
Housing9.62% | |
Health Care9.30% | |
Utilities8.23% | |
Lease7.38% |
Additional Fund Info
- Share Class Inception Date
- 08/01/2017
- Investment Style
- Municipals
- Lipper Classification
- Short Muni Debt Funds
- Morningstar Category
- Muni National Short
Manager and Commentary
About the Team
Franklin Templeton Fixed Income
A global leader in fixed income, the team strives to provide consistent and resilient returns by combining deep fundamental research with rigorous portfolio construction. This solutions-drives approach means maintaining portfolio and risk exposures that align with client expectations.