Franklin Municipal Securities Trust
04/17/2026 | Press release | Distributed by Public on 04/17/2026 07:18
Prospectus by Investment Company (Form 497)
GOF-P12 04/26
SUPPLEMENT DATED APRIL 17, 2026
TO THE SUMMARY PROSPECTUS, PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION ("SAI")
OF EACH FUND LISTED IN SCHEDULE A
All changes described below are effective June 20, 2026.
1. The following replaces the reference to John Wiley in the section titled "Fund Summary - Portfolio Managers" in the Summary Prospectus and Prospectus of each fund listed in Schedule A:
Daniel Workman, CFA
Vice President of Advisers and portfolio manager of the Fund since June 2026.
2. The following replaces the reference to John Wiley in the section titled "Fund Details - Management" in the Prospectus of each fund listed in Schedule A:
Daniel Workman, CFA Portfolio Manager of Advisers
Mr. Workman has been a portfolio manager of the Fund since June 2026. He joined Franklin Templeton in 2003.
3. The following replaces references to John Wiley in the table in the section titled "Management and Other Services - Portfolio managers" in the SAI of each fund listed in Schedule A:
|
Name |
Type of |
Number of Accounts Managed |
Total Assets Managed (x $1 million) |
Number of Accounts Managed for which Advisory Fee is Performance-Based |
Assets Managed for which Advisory Fee is Performance-Based (x $1 million) |
|
|
Daniel Workman* |
Registered Investment Companies |
10 |
20,600.5 |
None |
None |
|
|
Other Pooled Investment Vehicles |
2 |
238.1 |
None |
None |
||
|
Other Accounts |
3 |
6.9 |
None |
None |
*Information is provided as of February 28, 2026.
4. The following replaces references to John Wiley in the table in the section titled "Management and Other Services - Portfolio managers - Ownership of Fund shares" in the SAI of each fund listed in Schedule A:
|
Portfolio Manager |
Dollar Range of Fund Shares Beneficially Owned |
|
Daniel Workman* |
None |
*Information is provided as of March 31, 2026.
SCHEDULE A
|
Fund |
Date of Summary Prospectus, Prospectus and SAI |
|
FRANKLIN MUNICIPAL SECURITIES TRUST |
|
|
Franklin California High Yield Municipal Fund |
July 1, 2025 |
|
FRANKLIN STRATEGIC SERIES |
|
|
Franklin Templeton SMACS: Series CH |
January 1, 2026 |
Please retain this supplement for future reference.
Franklin Municipal Securities Trust published this content on April 17, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 17, 2026 at 13:18 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]