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: FRTIX) 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: FTQMX) 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.
Fund Fact Sheet - Advisor
A single-page data sheet describing Franklin Tennessee Municipal Bond Fund's objective, portfolio holdings and performance.
Literature Code: | 240-FF |
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Publication Date: | 09/19 |
Next Update: | 12/19 |
Piece must be accompanied by the Quarterly Performance Update, which includes standardized returns,sales Charge and expenses.
Fund Fact Sheet
A single-page data sheet describing Franklin Tennessee Muni Bond Fund's objective, portfolio holdings and performance.
Literature Code: | 1420-FF |
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Publication Date: | 09/19 |
Next Update: | 12/19 |
Piece must be accompanied by the Quarterly Performance Update, which includes standardized returns,sales Charge and expenses.
Product Profile - Advisor
A multi-page overview highlighting the fund's performance, portfolio characteristics, investment process, management team and commentary.
Literature Code: | 240-PP |
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Publication Date: | 09/19 |
Next Update: | 12/19 |
Piece must be accompanied by the Quarterly Performance Update, which includes standardized returns,sales Charge and expenses.
Product Profile
A multi-page overview highlighting the fund's performance, portfolio characteristics, investment process, management team and commentary.
Literature Code: | 1420-PP |
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Publication Date: | 09/19 |
Next Update: | 12/19 |
Piece must be accompanied by the Quarterly Performance Update, which includes standardized returns,sales Charge and expenses.
Summary Prospectus
A summarized version of the prospectus explaining the Franklin Tennessee Municipal Bond Fund's investment goals, principal strategies and risks, as well as sales charges, fees and expenses.
Literature Code: | 1420-PSUM |
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Publication Date: | 10/19 |
Next Update: | 10/20 |
Piece must be accompanied by the Quarterly Performance Update, which includes standardized returns,sales Charge and expenses.
Prospectus
The prospectus explains the Municipal Securities Trust's goal, investments and risks, as well as sales charges, fees and expenses.
Literature Code: | MUN-P |
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Publication Date: | 10/19 |
Next Update: | 10/20 |
Piece must be accompanied by the Quarterly Performance Update, which includes standardized returns,sales Charge and expenses.
SAI
A pamphlet supplementing the fund prospectus. It gives detailed descriptions of the fund's activities and operations.
Literature Code: | MUN-SAI |
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Publication Date: | 10/19 |
Next Update: | 10/20 |
Piece must be accompanied by the Quarterly Performance Update, which includes standardized returns,sales Charge and expenses.
Annual Report
A discussion of market conditions and fund performance covering the funds' fiscal year, along with a complete list of holdings and detailed financial information.
Literature Code: | MUN-A |
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Publication Date: | 07/19 |
Next Update: | 07/20 |
Piece must be accompanied by the Quarterly Performance Update, which includes standardized returns,sales Charge and expenses.
Semi-Annual Report
A discussion of market conditions and fund performance covering the first half of the funds' fiscal year, along with a complete list of holdings and detailed financial information.
Literature Code: | MUN-S |
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Publication Date: | 01/19 |
Next Update: | 01/20 |
Piece must be accompanied by the Quarterly Performance Update, which includes standardized returns,sales Charge and expenses.
XBRL File(ZIP, 1104k)
Literature Code: | |
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Publication Date: | 10/18 |
Next Update: |
Piece must be accompanied by the Quarterly Performance Update, which includes standardized returns,sales Charge and expenses.
Account Application Form
Literature Code: | GOF-APP |
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Publication Date: | 08/19 |
Next Update: | 08/20 |
Open and invest in most funds using this application.
IRA Application Form
Literature Code: | RIRA-APP |
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Publication Date: | 08/19 |
Next Update: | 11/19 |
Open and invest in a Traditional or Roth IRA, convert your Traditional IRA to a Roth Conversion IRA, or roll over a 401(k), 403(b) or other qualified plan distribution to a Rollover IRA using this application and included documents.