Returns Chart

Key Stats

Net Expense Ratio Total Assets Under Management Weighted Average Dividend Yield Turnover Ratio (Generic)
0.52% 7.991B -- 10.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized Total Returns Since Inception (Daily) Max Drawdown (Since Inception)
-839.66M 1.29% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund seeks to provide investors with 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 exempt from federal income taxes.
General
Security Type Mutual Fund
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Global Peer Group Bond USD Municipal
Peer Group General & Insured Municipal Debt Funds
Global Macro Bond HC
US Macro National Municipal Debt Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective General & Insured Municipal Debt Funds
Fund Owner Firm Name Franklin Templeton
Broad Asset Class Benchmark Index
^BBMBTR 100.0%

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Net Fund Flows Versus Peer Group

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: 100
-95.69M Peer Group Low
532.09M Peer Group High
1 Year
% Rank: 97
-839.66M
-1.649B Peer Group Low
5.560B Peer Group High
3 Months
% Rank: 100
-280.38M Peer Group Low
2.197B Peer Group High
3 Years
% Rank: 97
-4.975B Peer Group Low
18.10B Peer Group High
6 Months
% Rank: 97
-650.32M Peer Group Low
5.019B Peer Group High
5 Years
% Rank: 97
-7.233B Peer Group Low
34.74B Peer Group High
YTD
% Rank: 96
-1.463B Peer Group Low
5.771B Peer Group High
10 Years
% Rank: 100
-7.036B Peer Group Low
44.60B Peer Group High
Date Unavailable

Performance Versus Peer Group

 
20%
15%
10%
5%
0
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
Peer Group Rtn. (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
% Rank in Peer Group (NAV)
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
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Annual Total Returns Versus Peers

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Name
2018
2019
2020
2021
2022
2023
2024
YTD
0.79%
6.87%
5.74%
2.59%
-11.57%
7.14%
3.31%
3.05%
1.28%
7.54%
5.21%
1.52%
-8.53%
6.40%
1.05%
4.02%
0.59%
7.26%
5.22%
3.40%
-12.57%
7.05%
2.67%
2.94%
0.23%
7.45%
4.32%
2.92%
-11.29%
7.01%
2.63%
2.64%
0.47%
6.88%
4.41%
2.53%
-10.38%
6.66%
2.30%
2.73%
1.77%
7.84%
6.45%
2.29%
-10.23%
6.63%
1.60%
3.77%
As of December 05, 2025.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (12-3-25) 3.80%
30-Day SEC Yield (10-31-25) 3.78%
7-Day SEC Yield --
Number of Holdings 1012
Bond
Yield to Maturity (9-30-25) 4.42%
Effective Duration 8.08
Average Coupon 4.79%
Calculated Average Quality 2.807
Effective Maturity 13.36
Nominal Maturity 20.99
Number of Bond Holdings 1009
As of September 30, 2025

Asset Allocation

As of September 30, 2025.
Type % Net
Cash -0.40%
Stock 0.00%
Bond 99.44%
Convertible 0.00%
Preferred 0.00%
Other 0.96%
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Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee 0.45%
Administration Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee 0.00%
General Availability
Available for Insurance Product No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Minimum Initial Investment 1000.00 None
Minimum Subsequent Investment 0.00 None

Basic Info

Investment Strategy
The Fund seeks to provide investors with 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 exempt from federal income taxes.
General
Security Type Mutual Fund
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Global Peer Group Bond USD Municipal
Peer Group General & Insured Municipal Debt Funds
Global Macro Bond HC
US Macro National Municipal Debt Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective General & Insured Municipal Debt Funds
Fund Owner Firm Name Franklin Templeton
Broad Asset Class Benchmark Index
^BBMBTR 100.0%

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Fundamentals

General
Distribution Yield --
Dividend Yield TTM (12-3-25) 3.80%
30-Day SEC Yield (10-31-25) 3.78%
7-Day SEC Yield --
Number of Holdings 1012
Bond
Yield to Maturity (9-30-25) 4.42%
Effective Duration 8.08
Average Coupon 4.79%
Calculated Average Quality 2.807
Effective Maturity 13.36
Nominal Maturity 20.99
Number of Bond Holdings 1009
As of September 30, 2025

Fund Details

Key Dates
Inception Date 10/7/1983
Last Annual Report Date 4/30/2025
Last Prospectus Date 9/1/2025
Share Classes
FFQAX A
FFTQX Retirement
FKTIX A
FRFTX C
Attributes
Index Fund --
Inverse Fund No
Leveraged Fund --
Fund of Funds No
Currency Hedged Fund --
Synthetic Replication Fund No

Top Portfolio Holders

Name % Weight
Portfolio A 5.00%
Portfolio B 3.50%
Portfolio C 2.25%
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Excel Add-In Codes

Name: =YCI("M:FAFTX", "name")
Broad Asset Class: =YCI("M:FAFTX", "broad_asset_class")
Broad Category: =YCI("M:FAFTX", "broad_category_group")
Prospectus Objective: =YCI("M:FAFTX", "prospectus_objective")
To find the codes for any of our securities and financial metrics, see our Complete Excel Reference.
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