As of 05/28/2015
Average Annual Total Returns
|w/ Sales Charge|
Expense Ratio and Sales Charge As of 07/01/2014 (updated annually)
|Gross Expense Ratio5||0.63%|
|Net Expense Ratio||0.63%|
|Max Initial Sales Charge||4.25%|
In June, Franklin Michigan Tax-Free Income Fund will adjust its dividends as follows: Class A from $0.0344 to $0.0334 per share; Class C from $0.0289 to $0.0282 per share and Advisor Class from $0.0358 to $0.0343 per share. Dividends vary based on the fund's income. Past dividends are not indicative of future trends.
In April, Franklin Michigan Tax-Free Income Fund adjusted its dividends as follows: Class A from $0.0355 to $0.0344 per share; Class C from $0.0300 to $0.0289 per share and Advisor Class from $0.0369 to $0.0358 per share. Dividends vary based on the fund's income. Past dividends are not indicative of future trends.
As of 04/30/2015
Strategy, Benefits, Results
i. 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.