United States
[alert-heading]
-
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: FKITX) 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: FKQTX) 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.
Documents
Fund Literature
-
Fund Fact Sheet - Advisor
A single-page data sheet describing Franklin Federal Intermediate-Term Tax-Free Income Fund's objective, portfolio holdings and performance.
Literature Code: 672-FF Publication Date: 12/20 Next Update: 03/21 -
Fund Fact Sheet - A, C
A single-page data sheet describing Franklin Federal Intermediate Term Tax-Free Income Fund's objective, portfolio holdings and performance.
Literature Code: 1174-FF Publication Date: 12/20 Next Update: 03/21 -
Product Profile
A multi-page overview highlighting the fund's performance, portfolio characteristics, investment process, management team and commentary.
Literature Code: 672-PP Publication Date: 12/20 Next Update: 03/21 -
Product Profile
A multi-page overview highlighting the fund's performance, portfolio characteristics, investment process, management team and commentary.
Literature Code: 1174-PP Publication Date: 12/20 Next Update: 03/21
Fund Documents
-
Summary Prospectus
A summarized version of the prospectus explaining the Franklin Federal Intermediate-Term Tax-Free Income Fund's investment goals, principal strategies and risks, as well as sales charges, fees and expenses.
Literature Code: 1174-PSUM Publication Date: 03/21 Next Update: 07/21 -
Prospectus
The prospectus explains the Tax-Free Trust #1 Fund's goal, investments and risks, as well as sales charges, fees and expenses.
Literature Code: TF1-P Publication Date: 07/20 Next Update: 07/21 -
SAI
A pamphlet supplementing the fund prospectus. It gives detailed descriptions of the fund's activities and operations.
Literature Code: TF1-SAI Publication Date: 07/20 Next Update: 07/21 -
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: TF1-A Publication Date: 04/20 Next Update: 04/21 -
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: TF1-S Publication Date: 10/20 Next Update: 10/21
Additional Resources
-
Account Application Form
Literature Code: GOF-APP Publication Date: 02/20 Next Update: 08/20 Open and invest in most funds using this application.
-
IRA Application Form
Literature Code: RIRA-APP Publication Date: 02/20 Next Update: 11/21 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.
Important Legal Information
- Indexes are unmanaged, and one cannot invest directly in an index. Index returns do not reflect any fees, expenses or sales charges.
Footnotes
- A statistical measurement of the range of a fund's total returns. In general, a higher standard deviation means greater volatility. Based on the fund's monthly returns over the 3-year period ended as of the date of the calculation.
- A statistical measurement of a fund's historical risk-adjusted performance. It is calculated by taking a fund's excess return over that of the three-month Treasury bill divided by its standard deviation. Higher values generally indicate better historical risk-adjusted performance. Based on the 3 years ended as of the date of the calculation.
- The fund's 30-Day Standardized Yield is calculated using the net income (interest and dividends) per share earned over a trailing 30-day period (annualized), divided by the fund's share price at the end of that period. It may not equal the fund's actual income distribution rate, which reflects the fund's past dividends paid to shareholders.
- The Gross Expense Ratio does not include an expense reduction contractually guaranteed through 6/30/21. Fund investment results reflect the fee reduction; without this reduction, the results would have been lower. Please see the prospectus for additional information.
- Public Offering Price — Purchase price for each share of the fund on a given day. It includes the maximum initial sales charge, if any.
- Net Asset Value — The amount per share you would receive if you sold shares that day.
- Source: Morningstar®. For each mutual fund and exchange traded fund with at least a 3-year history, Morningstar calculates a Morningstar Rating based on how a fund ranks on a Morningstar Risk-Adjusted Return measure against other funds in the same category. This measure takes into account variations in a fund's monthly performance, and does not take into account the effects of sales charges and loads, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The weights are: 100% 3-year rating for 36-59 months of total returns, 60% 5-year rating/40% 3-year rating for 60-119 months of total returns, and 50% 10-year rating/30% 5-year rating/20% 3-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent 3-year period actually has the greatest impact because it is included in all three rating periods. Morningstar Rating is for the named share class only; other classes may have different performance characteristics. Past performance is not an indicator or a guarantee of future performance.
- ©2021 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
- Effective August 1, 2017, the fund began offering Class R6 shares. Performance quotations have been calculated as follows: (a) for periods prior to August 1, 2017, a restated figure is used based on the fund's Advisor Class/Class Z performance, adjusted to take into account differences in class specific operating expenses and (b) for periods after August 1, 2017, actual Class R6 performance is used, reflecting all charges and fees applicable to that class.
- Indices are unmanaged and one cannot invest directly in them. Index returns do not reflect any fees, expenses or sales charges.
- For performance reporting purposes, the inception date for Classes A/A1, R, R6, Z, and Advisor Class shares of all Franklin Templeton Funds is the date of effectiveness of the fund's registration statement or the first day the fund commenced operations. For Class C shares, generally the inception date is the first day the fund commenced offering such shares. Exceptions: Templeton Global Balanced Fund Classes A and C use the inception date of the old Class A and C shares, renamed Class A1 and Class C1. For Franklin Mutual Series Funds and Franklin International Small Cap Growth Fund, the inception date for Classes A, C, R and R6 shares is the funds' oldest class', Z or Advisor, inception date. Franklin U.S. Government Money Fund Class R6 inception date is the first day it commenced offering such shares.
You need Adobe Acrobat Reader to view and print PDF documents. Download a free version from Adobe's website.
Franklin Templeton Distributors, Inc.
