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 its 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 its 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.
Fund filings (PDF) »
Sheila Amoroso (Started: Dec 31, 1987)
Carrie Higgins (Started: Dec 31, 2004)
Francisco Rivera (Started: Dec 31, 1996)
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Franklin Templeton Investments, One Franklin Parkway, Building 970, 1st Floor, Rancho Cardova, CA 95670, USA