12.19 Up unch unch
DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 12.19
Category Muni National Long
Net Assets 8.15 Bil
Yield 4.01%
Morningstar Risk Average
Morningstar Return Above Average
  • Last NAV update 4/17/2014 4:00 PM ET
INVESTMENT OBJECTIVE
NA
The investment seeks as high a level of income exempt from federal income taxes as is consistent with prudent investment management and the preservation of shareholders' capital. The fund invests at least 80% of total assets in investment grade municipal securities whose interest is free from federal income taxes, including the federal alternative minimum tax. Although the fund tries to invest all of its assets in tax-free securities, it is possible that up to 20% of the fund's total assets may be in securities that pay interest that may be subject to the federal alternative minimum tax and, although not anticipated, in securities that pay taxable interest.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return 0.86% 12.12% 9.03% -4.46% 5.28%
Value ($) 10,085.58 11,307.97 12,328.73 11,778.62 12,400.18
  • Year to date performance as of 4/17/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family Franklin Templeton Investments
Fund Manager Sheila Amoroso
Tenure (Years) 26
Fund Status Open
Minimum Initial Purchase 1,000.00
Minimum IRA Investment 1,000.00
Front Load 4.25
Expense Ratio 0.61%
PERFORMANCE
Symbol Value ($)
1 Month 1.26%
3 Months 3.41%
1 Year -0.27%
3 Years* 6.84%
5 Years* 6.15%
  • * Annualized returns
  • Performance as of 4/17/2014 12:00 AM ET
PEER COMPARISON
  FKTIX Muni National Long
5-Yr Return 6.15% 6.10%
Sharpe Ratio 1.32 -0.14
Net Assets 8.15 Bil 408.81 Mil
Avg Market Cap NA 288.31 Mil
Avg P/E NA NA
Portfolio Turnover 6 33
HOLDINGS
Symbol Value ($)
Stocks 0.00%
Cash 1.24%
Fixed Income 98.76%
Other 0.00%
TOP 10 HOLDINGS
NAME % NET ASSETS
California St Go Bds 6% 1.04%
Puerto Rico Comwlth Hwy & Tran Hwy Re 5% 0.65%
New York N Y City Mun Wtr Fin Wtr 5.25% 0.64%
New Jersey St Transn Tr Fd Aut Tra 5.25% 0.53%
Los Angeles Calif Uni Sch Dist 5% 0.52%
California St Go Bds 5.25% 0.50%
San Joaquin Hills Calif Transn Rev Ref B 0.48%
Los Angeles Calif Dept Arpts A Snr Re 5% 0.48%
Washington St Various P 5% 0.45%
North Carolina Eastn Mun Pwr A Pwr 6.25% 0.45%
DATA PROVIDERS

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