Franklin Federal Tax-Free Income Fund Class C is a fixed income mutual fund focused on providing investors with a high level of income that is exempt from regular federal income taxes. The fund primarily invests at least 80% of its assets in investment grade municipal securities issued by state and local governments across the United States. These municipal bonds help finance public projects such as schools, roads, and utilities, and the interest they generate is generally free from federal taxation, making the fund particularly attractive for investors seeking tax-advantaged income. As part of the "Muni National Long" category, this fund maintains a portfolio with an average duration over six years and seeks to minimize risk by diversifying across various issuers, states, and sectors. Launched in 1995, Franklin Federal Tax-Free Income Fund Class C is managed by Franklin Templeton Investments and has grown to manage several billion dollars in assets. With monthly dividend payouts and a focus on preserving shareholder capital alongside generating tax-free income, this fund plays a specialized role for investors aiming to optimize after-tax returns through municipal fixed income exposure.
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