Price Chart

Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
1.20% -12.67% 363.75M 83747.67
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
3.01% 36.00% -- Upgrade

Basic Info

Investment Strategy
To seek a high level of current income exempt from federal income tax consistent with the preservation of capital. The fund intends to invest in a portfolio of investment grade and some below investment grade municipal bonds. Under normal market conditions, the fund invests at least 80% of its total assets in municipal bonds.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style Medium Quality/Extensive Sensitivity
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni National Long
Category Index Bloomberg Municipal TR USD
Global Category Name US Municipal Fixed Income
YCharts Categorization US Municipal Bond
YCharts Benchmark Bloomberg Municipal Bond (^BBMBTR)
Prospectus Objective Municipal Bond - National
Fund Owner Firm Name Franklin Templeton Investments
Prospectus Benchmark Index
Bloomberg Municipal TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Paul Drury 21.93 yrs
Garrett Hamilton 7.25 yrs

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
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Total Return (NAV)
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of April 24, 2024. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2017
2018
2019
2020
2021
2022
2023
YTD
8.90%
-4.05%
23.15%
10.51%
10.18%
-20.33%
-1.32%
-2.97%
5.45%
1.28%
7.54%
5.21%
1.52%
-8.53%
6.40%
-1.50%
11.90%
-9.95%
13.98%
4.40%
4.93%
-15.18%
3.79%
0.85%
10.34%
-4.83%
19.75%
7.51%
-3.50%
-14.02%
3.99%
0.17%
9.29%
0.03%
20.94%
12.14%
-7.36%
-9.49%
10.67%
-3.80%
8.04%
-8.14%
18.86%
12.47%
8.47%
-25.70%
5.80%
-3.00%
As of April 24, 2024.

Asset Allocation

As of March 31, 2024.
Type % Net % Long % Short
Cash 1.21% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 98.79% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Basic Info

Investment Strategy
To seek a high level of current income exempt from federal income tax consistent with the preservation of capital. The fund intends to invest in a portfolio of investment grade and some below investment grade municipal bonds. Under normal market conditions, the fund invests at least 80% of its total assets in municipal bonds.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style Medium Quality/Extensive Sensitivity
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni National Long
Category Index Bloomberg Municipal TR USD
Global Category Name US Municipal Fixed Income
YCharts Categorization US Municipal Bond
YCharts Benchmark Bloomberg Municipal Bond (^BBMBTR)
Prospectus Objective Municipal Bond - National
Fund Owner Firm Name Franklin Templeton Investments
Prospectus Benchmark Index
Bloomberg Municipal TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Paul Drury 21.93 yrs
Garrett Hamilton 7.25 yrs

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