As of 07/02/2015
Average Annual Total Returns
|w/ Sales Charge|
Expense Ratio and Sales Charge As of 09/01/2014 (updated annually)
|Gross Expense Ratio5||0.62%|
|Net Expense Ratio||0.62%|
|Max Initial Sales Charge||4.25%|
In June, Franklin Federal Tax-Free Income Fund will adjust its dividends as follows: Class A from $0.0385 to $0.0390 per share; Class C from $0.0326 to $0.0335 and Advisor Class from $0.0396 to $0.0400 per share. Dividends vary based on the fund's income. Past dividends are not indicative of future trends.
As of 05/31/2015
Strategy, Benefits, Results
1. Dividends are generally subject to state and local taxes, if any. For investors subject to the alternative minimum tax, a small portion of fund dividends may be taxable. Distributions of capital gains are generally taxable.
Investing in the Fund
What Are the Risks?
How Financial Advisors Help You
Speak to your financial advisor about whether this fund is appropriate for you. If you don't have a financial advisor, request a referral.