FPRTX

Franklin Double Tax-Free Income Fund

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

PRICE AND YTD RETURN As of 02/05/2016

NAV up $0.03 $9.30
POP $9.71
YTD Total return at Nav 0.09%
1 YEAR RETURN -5.32%
5 YEAR RETURN -0.08%
10 YEAR RETURN 1.63%

KEY STATS

Investment Category Municipal Bonds
Distributions Monthly
CUSIP 354 723 603
Fund Number 123
Inception Date Apr 03, 1985
Total Net Assets (all share classes) As of 01/31/2016 $147.1 (M)
Distribution Rate at NAV As of 02/05/2016 4.35%
30-Day Standardized yield As of 01/31/2016 (updated monthly) 3.31%

SALES CHARGE, EXPENSES, & FEES As of 07/01/2015 (updated annually)

Gross Expense Ratio 0.76%
Net Expense Ratio 0.76%
Max Initial Sales Charge 4.25%
CDSC 0.00%
12b-1 Fee 0.09%

Fund Description

The Fund normally invests at least 80% of its net assets in securities whose interest is free from federal and state personal income taxes.

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."

Carrie Higgins

Management

Carrie Higgins

Carrie Higgins

  • Joined Franklin Templeton in 1990
  • Managed Fund Since 1992
Stella Wong, MBA

Stella Wong, MBA

  • Joined Franklin Templeton in 1981
  • Managed Fund Since 1986

Overall Morningstar Rating As of 12/31/2015

Rating Category: High Yield Muni

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 12/31/2015

Years Ratings Funds
in category
3
1 Stars
158
5
1 Stars
149
10
1 Stars
97

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We do not publish a style box for this fund.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 income taxes and personal income taxes of all 50 U.S. statesi
  • Portfolio diversification
  • Tenured investment team with expertise across market cycles

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