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Morningstar

Franklin AZ Tax Free Income A1 FTAZX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.66  /  0.00
  • Total Assets 710.1 Mil
  • Adj. Expense Ratio
    0.670%
  • Expense Ratio 0.670%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1,000
  • Status Limited
  • TTM Yield 3.18%
  • Effective Duration 6.81 years

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 10:13 PM GMT+0

Morningstar’s Analysis FTAZX

Will FTAZX outperform in 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 FTAZX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FTAZX 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 FTAZX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Franklin AZ Tax Free Income A1 to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FTAZX

More FTAZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 22.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MARICOPA CNTY ARIZ INDL DEV AUTH REV 5%

5.50 39.4 Mil
municipal

PHOENIX ARIZ CIVIC IMPT CORP ARPT REV 4%

2.32 16.7 Mil
municipal

LAKE HAVASU CITY ARIZ WASTEWATER SYS REV 5%

2.13 15.3 Mil
municipal

ARIZONA BRD REGENTS ARIZ ST UNIV SYS REV 5%

2.02 14.5 Mil
municipal

PHOENIX ARIZ CIVIC IMPT CORP ARPT REV 5%

1.86 13.3 Mil
municipal

ARIZONA INDL DEV AUTH ED REV 4%

1.82 13.1 Mil
municipal

MARICOPA CNTY ARIZ POLLUTION CTL CORP POLLUTION CTL REV 3.6%

1.71 12.3 Mil
municipal

GLENDALE ARIZ MUN PPTY CORP EXCISE TAX REV 5%

1.69 12.2 Mil
municipal

PHOENIX ARIZ INDL DEV AUTH STUDENT HSG REV 5%

1.64 11.8 Mil
municipal

SALT VERDE FINL CORP GAS REV ARIZ 5%

1.51 10.8 Mil
municipal