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Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
2.84% -5.61% -- 156714.9
Weighted Average Dividend Yield Turnover Ratio (Generic) 1 Year Fund Level Flows Max Drawdown (Since Inception)
-- 14.00% -- Upgrade

Basic Info

Investment Strategy
The Fund seeks as high a level of current income exempt from federal income tax as is consistent with the preservation of principal.
General
Security Type Closed-End Fund
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Global Peer Group Bond USD Municipal
Peer Group General & Insured Muni Debt Funds (Leveraged)
Global Macro Bond HC
US Macro --
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Gen & Ins Muni Debt Funds (Leveraged)
Fund Owner Firm Name Franklin Templeton
Broad Asset Class Benchmark Index
^BBMBTR 100.0%

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Performance Versus Peer Group

 
20%
15%
10%
5%
0
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Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
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Total Return (NAV)
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Peer Group Rtn. (NAV)
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% Rank in Peer Group (NAV)
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Annual Total Returns Versus Peers

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Name
2018
2019
2020
2021
2022
2023
2024
YTD
-4.55%
10.09%
0.74%
5.76%
-19.58%
5.64%
6.58%
8.48%
1.28%
7.54%
5.21%
1.52%
-8.53%
6.40%
1.05%
4.03%
-5.30%
18.90%
10.56%
4.35%
-19.82%
1.67%
8.21%
1.23%
3.07%
18.79%
-0.78%
12.07%
-27.67%
-10.68%
4.84%
--
-5.33%
16.60%
5.36%
10.50%
-27.90%
10.39%
9.77%
3.49%
7.26%
25.63%
-5.16%
7.18%
-34.06%
-3.07%
2.97%
0.03%
As of December 10, 2025.

Asset Allocation

As of October 31, 2025.
Type % Net
Cash -0.02%
Stock 0.00%
Bond 144.8%
Convertible 0.00%
Preferred 0.00%
Other -44.78%
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Basic Info

Investment Strategy
The Fund seeks as high a level of current income exempt from federal income tax as is consistent with the preservation of principal.
General
Security Type Closed-End Fund
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Global Peer Group Bond USD Municipal
Peer Group General & Insured Muni Debt Funds (Leveraged)
Global Macro Bond HC
US Macro --
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Gen & Ins Muni Debt Funds (Leveraged)
Fund Owner Firm Name Franklin Templeton
Broad Asset Class Benchmark Index
^BBMBTR 100.0%

View Basic Info
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