Morningstar

Franklin Federal Limited-Term Tax-Free Income Fund Class R6 FFTRX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.38  /  0.00
  • Total Assets 861.6M
  • Adj. Expense Ratio
    0.380%
  • Expense Ratio 0.370%
  • Distribution Fee Level Average
  • Share Class Type Retirement, Large
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 2.95%
  • Effective Duration 2.34 years

USD | NAV as of Jul 16, 2026 | 1-Day Return as of Jul 16, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FFTRX

Will FFTRX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FFTRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FFTRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FFTRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Franklin Federal Lmtd-Term T/F Inc R6 holds a quantitatively derived Bronze Morningstar Medalist Rating. The rating reflects that it has scored better than the norm on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings FFTRX

More FFTRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

ROCHESTER MINN HEALTH CARE FACS REV 2.8%

1.93 17M
municipal

GARDEN ST N J PRESERVATION TR OPEN SPACE & FARMLAND PRESERVATION 5.75%

1.91 17M
municipal

Franklin Municipal Green Bond ETF

1.84 16M
—

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

1.74 15M
municipal

TENNESSEE ENERGY ACQUISITION CORP GAS REV 5%

1.73 15M
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 3.612%

1.64 14M
municipal

MARICOPA CNTY ARIZ INDL DEV AUTH ED REV 7.375%

1.40 12M
municipal

FARMINGTON N MEX POLLUTN CTL REV 3.875%

1.30 11M
municipal

HILLSBOROUGH CNTY FLA AVIATION AUTH REV 5%

1.28 11M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV 5.25%

1.24 11M
municipal

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