Effective 5/1/19, this fund changed its distribution policy from managed pay, where dividend rates are set based on projections, to variable pay, where income is distributed as it’s earned. The fund’s final fixed pay distribution occurred in late April and the first variable pay distribution occured in late May. If you have questions, please contact your financial advisor or Shareholder Services.
Effective 3/1/19, the maximum initial sales charge for purchases of less than $100,000 of Franklin Templeton’s long-term fixed income funds (Class A and A1 shares) was lowered to 3.75%. Please see the prospectus supplement for more information. If you have any questions, please contact your financial advisor or call Shareholder Services.
Beginning on 10/19/18, Class C shares held for 10 years or more will automatically convert to Class A shares. Thereafter, Class C shares held for 10 years or more will automatically convert to Class A shares on a monthly basis. This conversion allows shareholders to take advantage of the lower expenses offered by Class A shares. Please see the prospectus supplement for more information. If you have any questions, please contact your financial advisor or call Franklin Templeton.
Class A shares (NASDAQ: FTAZX) were renamed Class A1 and closed to new investors. Existing Class A1 shareholders may continue to add money to their accounts. A new Class A share (NASDAQ: FAZQX) launched with a different expense structure, in which new shareholders can invest. The fund also changed certain sales charges and commissions paid to dealers on Class A and A1 shares. Please see the prospectus supplement for more information. If you have additional questions, please contact your financial advisor or call Franklin Templeton.
Dividend Distributions Further Information This fund is a Daily Accrual fund |
|
---|---|
Capital Gain Distributions |
December |
Read important information about results and other investment disclosures
Distribution rate As of 12/04/2019 (updated daily) | |
---|---|
With Sales Charge |
|
At Net Asset Value |
|
Taxable Equivalent Distribution Rate As of 12/04/2019 (updated daily) |
|
---|
30-Day Standardized yield As of 10/31/2019 (updated monthly) |
|
---|
Taxable Equivalent Yield As of 10/31/2019 (updated monthly) |
|
---|
Distribution amounts may be estimates Further Information
Month | Amount ($) | Record Date | Ex-Date | Payable Date | Reinvestment Date | Reinvestment Price ($) |
---|---|---|---|---|---|---|
January | ||||||
Total Distributions Per Share | 0.029000 | Daily | Daily | Jan 31 | Jan 31 | 10.57 |
Tax-Exempt Income | 0.029000 | Daily | Daily | Jan 31 | Jan 31 | 10.57 |
February | ||||||
Total Distributions Per Share | 0.029000 | Daily | Daily | Feb 28 | Feb 28 | 10.60 |
Tax-Exempt Income | 0.029000 | Daily | Daily | Feb 28 | Feb 28 | 10.60 |
March | ||||||
Total Distributions Per Share | 0.029000 | Daily | Daily | Mar 29 | Mar 29 | 10.73 |
Tax-Exempt Income | 0.029000 | Daily | Daily | Mar 29 | Mar 29 | 10.73 |
April | ||||||
Total Distributions Per Share | 0.037400 | Daily | Daily | Apr 30 | Apr 30 | 10.74 |
Tax-Exempt Income | 0.037400 | Daily | Daily | Apr 30 | Apr 30 | 10.74 |
May | ||||||
Total Distributions Per Share | 0.029451 | Daily | Daily | May 31 | May 31 | 10.85 |
Tax-Exempt Income | 0.029451 | Daily | Daily | May 31 | May 31 | 10.85 |
June | ||||||
Total Distributions Per Share | 0.026163 | Daily | Daily | Jun 28 | Jun 28 | 10.86 |
Tax-Exempt Income | 0.026163 | Daily | Daily | Jun 28 | Jun 28 | 10.86 |
July | ||||||
Total Distributions Per Share | 0.029096 | Daily | Daily | Jul 31 | Jul 31 | 10.91 |
Tax-Exempt Income | 0.029096 | Daily | Daily | Jul 31 | Jul 31 | 10.91 |
August | ||||||
Total Distributions Per Share | 0.026607 | Daily | Daily | Aug 30 | Aug 30 | 11.08 |
Tax-Exempt Income | 0.026607 | Daily | Daily | Aug 30 | Aug 30 | 11.08 |
September | ||||||
Total Distributions Per Share | 0.027460 | Daily | Daily | Sep 30 | Sep 30 | 10.98 |
Tax-Exempt Income | 0.027460 | Daily | Daily | Sep 30 | Sep 30 | 10.98 |
October | ||||||
Total Distributions Per Share | 0.027086 | Daily | Daily | Oct 31 | Oct 31 | 10.96 |
Tax-Exempt Income | 0.027086 | Daily | Daily | Oct 31 | Oct 31 | 10.96 |
November | ||||||
Total Distributions Per Share | 0.025276 | Daily | Daily | Nov 29 | Nov 29 | 10.94 |
Tax-Exempt Income | 0.025276 | Daily | Daily | Nov 29 | Nov 29 | 10.94 |
December | ||||||
Estimate Long-Term Capital Gain | 0.0000-0.0000 | Daily | Daily | Dec 31 | Dec 31 | TBD |
Estimate Short-Term Capital Gain | 0.0000-0.0000 | Daily | Daily | Dec 31 | Dec 31 | TBD |