Franklin Federal Tax Free Income Fund Class A1 (FKTIX)

Fund Assets	7.53B
Expense Ratio	0.63%
Min. Investment	$1,000
Turnover	9.99%
Dividend (ttm)	0.42
Dividend Yield	4.04%
Dividend Growth	4.63%
Payout Frequency	Monthly
Ex-Dividend Date	Aug 31, 2026

Previous Close	10.30
YTD Return	-2.03%
1-Year Return	-0.05%
5-Year Return	0.29%
52-Week Low	10.29
52-Week High	10.95
Beta (5Y)	0.04
Holdings	974
Inception Date	Oct 7, 1983

About FKTIX

Franklin Federal Tax-Free Income Fund Class A1 is an open-end mutual fund that focuses on delivering income exempt from regular federal income taxes. This fund primarily invests at least 80% of its assets in investment-grade municipal securities issued by state and local governments across the United States, supporting public projects such as infrastructure, transportation, and education. The income generated is typically free from federal taxes, including the alternative minimum tax, making it especially relevant for investors seeking tax-efficient income solutions. Classified under the “Muni National Long” category, the fund maintains a portfolio with an effective duration typically exceeding six years, which positions it to benefit from longer-term interest rate trends. The fund employs a diversified approach, spreading assets broadly across sectors and states to lower risk. With a total net asset value in the billions and a moderate expense ratio, the fund aims for stability and capital preservation while pursing tax-advantaged returns. Franklin Federal Tax-Free Income Fund Class A1 plays a significant role in the municipal bond market, offering investors exposure to essential public projects and providing a steady, tax-exempt income stream.

• Fund Family: Franklin Templeton Investments
• Category: Muni National Long
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: FKTIX
• Share Class: Class A1
• Index: Bloomberg Municipal Bond TR

Performance

FKTIX had a total return of -0.05% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.16%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FLUVX	Fidelity	Fidelity Advisor Municipal Income M	0.75%
FKISX	Fidelity	Fidelity Advisor Municipal Income C	1.50%
FROGX	Fidelity	Fidelity Advisor Municipal Income I	0.50%
FUENX	Fidelity	Fidelity Flex Municipal Income Fund	n/a
FHIGX	Fidelity	Fidelity Municipal Income Fund	0.43%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FFTQX	Class R6	0.48%
FAFTX	Advisor Class	0.53%
FFQAX	Class A	0.78%
FRFTX	Class C	1.18%

Dividend History

Ex-Dividend	Amount	Pay Date
Aug 31, 2026	$0.03367	Aug 31, 2026
Jul 31, 2026	$0.03804	Jul 31, 2026
Jun 30, 2026	$0.03432	Jun 30, 2026
May 29, 2026	$0.03542	May 29, 2026
Apr 30, 2026	$0.03544	Apr 30, 2026
Mar 31, 2026	$0.03645	Mar 31, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Sep 17, 2026

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