TF1 SA2 08/22
SUPPLEMENT DATED AUGUST 15, 2022
TO THE STATEMENT OF ADDITIONAL INFORMATION DATED JULY 1, 2022
OF
FRANKLIN FEDERAL INTERMEDIATE-TERM TAX-FREE INCOME FUND
FRANKLIN FEDERAL LIMITED-TERM TAX-FREE INCOME FUND
FRANKLIN HIGH YIELD TAX-FREE INCOME FUND
FRANKLIN MASSACHUSETTS TAX-FREE INCOME FUND
FRANKLIN NEW JERSEY TAX-FREE INCOME FUND
(each a series of Franklin Tax-Free Trust)
This supplement replaces and supersedes the supplement dated August 12, 2022.
Effective on or about August 15, 2022, certain dealer commissions paid by the Funds’ distributor from Class A (and Class A1, as applicable) sales charges will change. Therefore, the Funds’ statement of additional information is amended as follows:
I. On or about August 15, 2022, the dealer commission schedule for Class A (and Class A1, as applicable) shares of the Funds will be as follows:
Amount of Investment | For Funds with an initial sales charge of 3.75% (%) |
Under $100,000 | 3.50 |
$100,000 but under $250,000 | 3.00 |
$250,000 but under $500,000 | 1.00 |
$500,000 but under $750,000 | 1.00 |
$750,000 but under $1 million | 1.00 |
$1 million but under $5 million | 1.00 |
$5 million but under $10 million | 0.50 |
$10 million but under $15 million | 0.50 |
$15 million but under $50 million | 0.50 |
$50 million or more | 0.25 |
Amount of Investment | For Funds with an initial sales charge of 2.25% (%) |
Under $100,000 | 2.00 |
$100,000 but under $250,000 | 1.25 |
$250,000 but under $500,000 | 1.00 |
$500,000 but under $5 million | 1.00 |
$5 million but under $10 million | 0.50 |
$10 million but under $15 million | 0.50 |
$15 million but under $50 million | 0.50 |
$50 million or more | 0.25 |
Please keep this supplement with your statement of additional information for future reference.