FKITX

About FKITX

Franklin Federal Intermediate-Term Tax-Free Income Fund Class A1 is a mutual fund focused on providing a high level of income exempt from federal income taxes while striving to preserve capital. The fund primarily invests at least 80% of its assets in municipal securities, such as tax-exempt bonds, whose interest payments are not subject to regular federal income tax, including the alternative minimum tax. These holdings typically fall within investment-grade ratings, as the fund purchases only those classified within the top four credit categories by recognized rating agencies at the time of acquisition. Targeting an intermediate-term maturity profile, the portfolio’s dollar-weighted average maturity generally ranges from three to ten years, balancing interest rate risk and yield potential. Designed for investors seeking tax-advantaged income, the fund plays a significant role in the municipal bond segment, supporting infrastructure and public projects across the United States while serving as a cornerstone tax-free income option in the broader fixed income market.