Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.
Franklin AZ Tax Free Income C FAZIX
- NAV / 1-Day Return 9.83 / +0.01 %
- Total Assets 706.6 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.210%
- Distribution Fee Level Low
- Share Class Type Level Load
- Category Muni Single State Long
- Credit Quality / Interest Rate Sensitivity Medium/Moderate
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 2.58%
- Effective Duration 6.81 years
USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:09 PM GMT+0
Morningstar’s Analysis FAZIX
Will FAZIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 22.2
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
MARICOPA CNTY ARIZ INDL DEV AUTH REV 5% | 5.50 | 39.4 Mil | municipal |
PHOENIX ARIZ CIVIC IMPT CORP ARPT REV 4% | 2.32 | 16.7 Mil | municipal |
LAKE HAVASU CITY ARIZ WASTEWATER SYS REV 5% | 2.13 | 15.3 Mil | municipal |
ARIZONA BRD REGENTS ARIZ ST UNIV SYS REV 5% | 2.02 | 14.5 Mil | municipal |
PHOENIX ARIZ CIVIC IMPT CORP ARPT REV 5% | 1.86 | 13.3 Mil | municipal |
ARIZONA INDL DEV AUTH ED REV 4% | 1.82 | 13.1 Mil | municipal |
MARICOPA CNTY ARIZ POLLUTION CTL CORP POLLUTION CTL REV 3.6% | 1.71 | 12.3 Mil | municipal |
GLENDALE ARIZ MUN PPTY CORP EXCISE TAX REV 5% | 1.69 | 12.2 Mil | municipal |
PHOENIX ARIZ INDL DEV AUTH STUDENT HSG REV 5% | 1.64 | 11.8 Mil | municipal |
SALT VERDE FINL CORP GAS REV ARIZ 5% | 1.51 | 10.8 Mil | municipal |