Franklin Federal Tax Free Income Fund Class C (FRFTX)

Fund Assets	7.08B
Expense Ratio	1.229%
Min. Investment	$1,000
Turnover	9.99%
Dividend (ttm)	0.36
Dividend Yield	3.57%
Dividend Growth	5.51%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	10.06
YTD Return	-4.19%
1-Year Return	-3.14%
5-Year Return	-3.05%
52-Week Low	9.91
52-Week High	10.94
Beta (5Y)	0.04
Holdings	979
Inception Date	May 1, 1995

About FRFTX

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.

• Fund Family: Franklin Templeton, Inc
• Category: Muni National Long
• Performance Rating: Below Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FRFTX
• Share Class: Class C
• Index: Bloomberg Municipal Bond TR

Performance

FRFTX had a total return of -3.14% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.38%.

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	0.73%
FKISX	Fidelity	Fidelity Advisor Municipal Income C	1.44%
FROGX	Fidelity	Fidelity Advisor Municipal Income I	0.49%
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%
FKTIX	Class A1	0.63%
FFQAX	Class A	0.78%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02998	Sep 30, 2026
Aug 31, 2026	$0.02901	Aug 31, 2026
Jul 31, 2026	$0.03269	Jul 31, 2026
Jun 30, 2026	$0.02942	Jun 30, 2026
May 29, 2026	$0.03041	May 29, 2026
Apr 30, 2026	$0.0306	Apr 30, 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:

Oct 15, 2026

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