As of 03/11/2014
Average Annual Total Returns
|w/ Sales Charge|
Expense Ratio and Sales Charge As of 07/01/2013 (updated annually)
|Gross Expense Ratio5||0.66%|
|Net Expense Ratio||0.66%|
|Max Initial Sales Charge||4.25%|
In February, Franklin Double Tax-Free Income Fund adjusted its dividends as follows: Class A from 4.48 to 4.61 cents per share; Class C from 4.09 to 4.22 cents per share and Advisor Class from 4.55 to 4.68 cents per share. Dividends vary based on the fund's income. Past dividends are not indicative of future trends.
In February 2014, rating agencies downgraded Puerto Rico’s general obligation debt and some related bonds below investment grade, with further downgrades possible. Portfolio holdings and details listed above may not reflect the most current ratings information available.
Effective August 1, 2012, the Franklin Double Tax-Free Income Fund closed to all new investments (other than reinvestment of dividends and capital gains distributions).
As of 02/28/2014
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.