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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 10.15  /  0.33 %
  • Total Assets 8.7 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 3.70%
  • Effective Duration 7.52 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:17 PM 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.

A work in progress.

Senior Analyst Peter Marchese

Peter Marchese

Senior Analyst

Summary

Franklin Federal Tax-Free Income’s restructuring remains a work in progress. All share classes for this strategy retain a Morningstar Analyst Rating of Neutral.

by Peter Marchese
Rated on Published on

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Portfolio Holdings FAFTX

More FAFTX Holdings
  • Current Portfolio Date
  • Equity Holdings 1
  • Bond Holdings 1110
  • Other Holdings 3
  • % 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%

0.86
77,897,734
municipal

TENNERGY CORP TENN GAS REV 5.5%

0.64
58,085,753
municipal

METROPOLITAN TRANSN AUTH N Y REV 5%

0.57
51,761,321
municipal

SAN MATEO FOSTER CITY CALIF SCH DIST 0%

0.55
49,606,340
municipal

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

0.55
49,454,378
municipal

METROPOLITAN TRANSN AUTH N Y REV 5%

0.53
47,837,457
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

0.53
47,703,617
municipal

TOBACCO SETTLEMENT FING CORP N J 5%

0.51
46,123,726
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%

0.51
45,805,444
municipal

LIBERTY N Y DEV CORP REV 5.25%

0.51
45,714,332
municipal