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Franklin Federal Tax Free Income Adv FAFTX

Analyst rating as of
NAV / 1-Day Return
12.13  /  0.11 %
Total Assets
11.3 Bil
Adj. Expense Ratio
Expense Ratio
Fee Level
Below Average
Longest Manager Tenure
24.17 years
Muni National Long
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
TTM Yield
Effective Duration
6.96 years

Morningstar’s Analysis

Will FAFTX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

The new head of Franklin’s municipal platform has made multiple changes.


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Because of a technical error, the Analyst Rating for one or more share classes of this fund was incorrect. We have resolved the error and corrected the Analyst Rating for all share classes affected by it. For further details, go to The reorganization of personnel supporting Franklin Federal Tax-Free Income could benefit the strategy long term, but time is needed to assess if the adjustments and process changes are material improvements. The People Pillar was downgraded to Average from Above Average.

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