Fund Description

The fund seeks to provide investors with as high a level of income exempt from federal income taxes and Louisiana state personal income taxes as is consistent with prudent investment management and the preservation of shareholders’ capital.

Strategy Statement

"In the Franklin Muni Department, we are committed to a conservative, disciplined investment strategy. We seek to provide shareholders with a high level of tax-free income while preserving capital."

Francisco Rivera

Management

Michael Conn

Michael Conn

  • Joined Franklin Templeton in 2001
  • Managed Fund Since 2010
Francisco Rivera

Francisco Rivera

  • Joined Franklin Templeton in 1994
  • Managed Fund Since 1996

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, undervalued bonds.
  • We buy and hold for the long term.

Benefits

  • Monthly income exempt from federal income taxes and Louisiana personal income taxes i.
  • Portfolio diversification
  • Tenured investment team with expertise across market cycles