FCITX: Franklin Federal Intermediate-Term Tax-Free Income

The investment 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 securities whose interest is free from federal income taxes, including the federal alternative minimum tax. It does maintain a dollar-weighted average portfolio maturity of three to 10 years. The fund only buys municipal securities rated, at the time of purchase, in one of the top four ratings categories by one or more U.S. nationally recognized rating services.

Largest Holdings

Amount	Holding
1.10%	AMERICAN MUN PWR OHIO INC REV 5%
0.97%	WASHINGTON ST 5%
0.91%	SAN ANTONIO TEX ELEC & GAS REV 5.25%
0.86%	VIRGINIA ST RES AUTH CLEAN WTR REV 5%
0.85%	CALIFORNIA ST 5%
0.83%	ALABAMA ST PUB SCH & COLLEGE AUTH 5%
0.82%	HAWAII ST 5%
0.79%	NEW JERSEY ST TRANSN TR FD AUTH 5%
0.75%	CALIFORNIA ST 5.25%
0.75%	NEW JERSEY ST TRANSN TR FD AUTH 5.5%

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FCITX : Franklin Federal Intermediate-Term Tax-Free Income Fund Class C

FCITX

$FCITX Alternatives

Fund Summary

Largest Holdings

End Credits