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Morningstar

Franklin Federal Tax Free Income Adv FAFTX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.73  /  −0.08 %
  • Total Assets 8.8 Bil
  • Adj. Expense Ratio
    0.540%
  • Expense Ratio 0.540%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 3.57%
  • Effective Duration 7.52 years

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

Morningstar’s Analysis FAFTX

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

  • People Pillar

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

Weakness in Franklin Federal Tax Free Income Adv's Process and People Pillar ratings limits this strategy 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 FAFTX

More FAFTX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 5.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5%

0.73 65.2 Mil
municipal

TENNERGY CORP TENN GAS REV 5.5%

0.66 59.6 Mil
municipal

SAN MATEO FOSTER CITY CALIF SCH DIST 0%

0.59 53.1 Mil
municipal

MIAMI-DADE CNTY FLA EXPWY AUTH TOLL SYS REV 5%

0.55 49.6 Mil
municipal

METROPOLITAN TRANSN AUTH N Y REV 5%

0.55 48.8 Mil
municipal

LIBERTY N Y DEV CORP REV 5.25%

0.54 48.4 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

0.54 48.3 Mil
municipal

TOBACCO SETTLEMENT FING CORP N J 5%

0.53 47.8 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%

0.52 46.7 Mil
municipal

PUBLIC FIN AUTH WIS MULTIFAMILY HSG REV 5.25%

0.48 43.4 Mil
municipal