Morningstar

Franklin Arizona Tax Free Income Fund Class C FAZIX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $9.49  /  +0.21 %
  • Fund Size $551.0M
  • Adjusted Expense Ratio 1.220%
  • Net Expense Ratio 1.220%
  • Fee Level: Distribution Low
  • Share Class Type Level Load
  • Morningstar Category Muni Single State Long
  • Fixed-Income Style Box (Funds) Medium/Extensive
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 3.05%
  • Average Effective Duration 8.29 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FAZIX

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

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Franklin AZ Tax Free Income C holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

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Portfolio Holdings FAZIX

More FAZIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 24.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MARICOPA CNTY ARIZ INDL DEV AUTH REV 5%

4.93 27M
municipal

SALT RIV PROJ AGRIC IMPT & PWR DIST ARIZ ELEC SYS REV 5.25%

2.77 15M
municipal

PHOENIX ARIZ CIVIC IMPT CORP ARPT REV 4%

2.71 15M
municipal

PHOENIX ARIZ CIVIC IMPT CORP ARPT REV 5%

2.26 12M
municipal

SALT VERDE FINL CORP GAS REV ARIZ 5%

2.15 12M
municipal

PHOENIX ARIZ INDL DEV AUTH STUDENT HSG REV 5%

2.15 12M
municipal

MARICOPA CNTY ARIZ POLLUTION CTL CORP POLLUTION CTL REV 3.6%

2.12 12M
municipal

PHOENIX ARIZ CIVIC IMPT CORP RENT CAR FAC CHARGE REV 4%

1.92 11M
municipal

GILBERT ARIZ WTR RES MUN PPTY CORP UTIL SYS REV 4%

1.66 9M
municipal

MARICOPA CNTY ARIZ POLLUTION CTL CORP POLLUTION CTL REV 4.5%

1.63 9M
municipal

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