As of 11/25/2015
Average Annual Total Returns
|w/ Sales Charge|
Expense Ratio and Sales Charge As of 07/01/2015 (updated annually)
|Gross Expense Ratio5||0.65%|
|Net Expense Ratio||0.65%|
|Max Initial Sales Charge||4.25%|
In December 2015, Franklin Michigan Tax-Free Income Fund will adjust its dividends as follows: Class A from $0.0344 to $0.0348 per share; Class C from $0.0291 to $0.0293 per share and Advisor Class from $0.0353 to $0.0357 per share. Dividends vary based on the fund's income. Past dividends are not indicative of future trends.
To view Puerto Rico holdings information as of October 31, 2015, please click here.
In September, Franklin Michigan Tax-Free Income Fund will adjust its dividends as follows: Class A from $0.0334 to $0.0344 per share; Class C from $0.0282 to $0.0291 per share and Advisor Class from $0.0343 to $0.0353 per share. Dividends vary based on the fund's income. Past dividends are not indicative of future trends.
As of 10/31/2015
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.