GOF P8 11/23
FRANKLIN NEW YORK TAX-FREE TRUST
FRANKLIN TAX-FREE TRUST
SUPPLEMENT DATED NOVEMBER 1, 2023
TO THE PROSPECTUS
1a) Effective November 1, 2023, for the fund listed in Schedule A, references to the dollar-weighted average portfolio maturity range maintained by the Fund in the section titled “Fund Summary- Principal Investment Strategies” and in the section titled "Fund Details - Principal Investment Strategies and Policies” in the Fund’s Prospectus is hereby revised from “three to 10” years to “six to 12” years.
1b) Effective November 1, 2023, for the fund listed in Schedule B, references to the dollar-weighted average portfolio maturity range maintained by the Fund in the section titled “Franklin Federal Intermediate-Term Tax-Free Income Fund - Principal Investment Strategies” and in the section titled "Fund Details - Principal Investment Strategies and Policies” in the Fund’s Prospectus is hereby revised from “three to 10” years to “six to 12” years.
SCHEDULE A Fund | Date of Prospectus
|
FRANKLIN NEW YORK TAX-FREE TRUST |
|
Franklin New York Intermediate-Term Tax-Free Income Fund | February 1, 2023 |
SCHEDULE B Fund | Date of Prospectus
|
FRANKLIN TAX-FREE TRUST |
|
Franklin Federal Intermediate-Term Tax-Free Income Fund | July 1, 2023 |
Please retain this supplement for future reference