04/17/2026 | Press release | Distributed by Public on 04/17/2026 07:19
GOF-P5 04/26
All changes described below are effective June 30, 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:
James Conn, CFA
Senior 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:
James Conn, CFA Senior Vice President of Advisers
Mr. Conn has been a portfolio manager of the Fund since June 2026. He joined Franklin Templeton in 1996.
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) |
|
|
James Conn* |
Registered Investment Companies |
10 |
20,600.5 |
None |
None |
|
|
Other Pooled Investment Vehicles |
5 |
510.6 |
None |
None |
||
|
Other Accounts |
5 |
663.4 |
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 |
|
James Conn* |
None |
*Information is provided as of March 31, 2026.
SCHEDULE A
|
Fund |
Date of Summary Prospectus, Prospectus and SAI |
|
FRANKLIN CALIFORNIA TAX-FREE INCOME FUND |
|
|
Franklin California Tax-Free Income Fund |
July 1, 2025 |
|
FRANKLIN CALIFORNIA TAX-FREE TRUST |
|
|
Franklin California Intermediate-Term Tax-Free Income Fund |
November 1, 2025 |
|
FRANKLIN NEW YORK TAX-FREE INCOME FUND |
|
|
Franklin New York Tax-Free Income Fund |
July 1, 2025 |
|
FRANKLIN NEW YORK TAX-FREE TRUST |
|
Fund |
Date of Summary Prospectus, Prospectus and SAI |
|
Franklin New York Intermediate-Term Tax-Free Income Fund |
February 1, 2026 |
|
FRANKLIN TAX-FREE TRUST |
|
|
Franklin Massachusetts Tax-Free Income Fund |
July 1, 2025 |
|
Franklin Michigan Tax-Free Income Fund |
July 1, 2025 |
|
Franklin Minnesota Tax-Free Income Fund |
July 1, 2025 |
|
Franklin New Jersey Tax-Free Income Fund |
July 1, 2025 |
|
Franklin Ohio Tax-Free Income Fund |
July 1, 2025 |
Please retain this supplement for future reference.