FTFIX

Franklin Insured Tax-Free Income Fund

This fund or share class has been closed to all investments.

Fund Description

The Fund invests at least 80% of its net assets in insured municipal securities.

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."

John Pomeroy, MBA

Management

John Pomeroy, MBA

John Pomeroy, MBA

  • Joined Franklin Templeton in 1986
  • Managed Fund Since 1989
James Conn, CFA, MBA

James Conn, CFA®, MBA

  • Joined Franklin Templeton in 1996
  • Managed Fund Since 1999

Rating

Overall Morningstar Rating As of 06/30/2016

Rating Category: Muni National Long

Morningstar
The fund's overall Morningstar Rating measures risk-adjusted returns and is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) rating metrics.

Historical Morningstar Rating As of 06/30/2016

Years Ratings Funds
in category
3
2 Stars
185
5
2 Stars
173
10
3 Stars
145

Morningstar Style Box

We do not publish a style box for this fund.

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 incomes taxesi
  • Portfolio diversification
  • Tenured investment team with expertise across market cycles

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