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Morningstar

Franklin VA Tax Free Income A1 FRVAX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.89  /  −0.09 %
  • Total Assets 414.3 Mil
  • Adj. Expense Ratio
    0.700%
  • Expense Ratio 0.700%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Limited
  • TTM Yield 2.75%
  • Effective Duration 7.26 years

USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 12:00 AM GMT+0

Morningstar’s Analysis FRVAX

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

  • People Pillar

    The People Pillar is our evaluation of the FRVAX 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 FRVAX’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 VA 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 FRVAX

More FRVAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 20.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

HAMPTON ROADS SANTN DIST VA WASTEWATER REV 5%

2.98 12.5 Mil
municipal

RICHMOND VA PUB UTIL REV 5%

2.50 10.5 Mil
municipal

ARLINGTON CNTY VA INDL DEV AUTH HOSP FAC REV 3.75%

2.27 9.5 Mil
municipal

WASHINGTON D C MET AREA TRAN AUTH DEDICATED REV 5%

2.01 8.4 Mil
municipal

VIRGINIA ST RES AUTH INFRASTRUCTURE REV 5%

1.98 8.3 Mil
municipal

NORTHERN VA TRANSN COMMN TRANSN DIST SPL OBLIG REV 5%

1.87 7.8 Mil
municipal

NORFOLK VA WTR REV 5%

1.77 7.4 Mil
municipal

NORFOLK VA WTR REV 5%

1.76 7.4 Mil
municipal

VIRGINIA SMALL BUSINESS FING AUTH REV 4%

1.74 7.3 Mil
municipal

VIRGINIA COLLEGE BLDG AUTH VA EDL FACS REV 21ST CENTY COLLEGE & EQUIP PROG

1.70 7.1 Mil
municipal