Morningstar

Franklin Arizona Tax Free Income Fund Advisor Class FAZZX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.81  /  −0.30 %
  • Total Assets 604.6M
  • Adj. Expense Ratio
    0.580%
  • Expense Ratio 0.580%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 3.45%
  • Effective Duration 7.96 years

USD | NAV as of Jul 17, 2026 | 1-Day Return as of Jul 17, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FAZZX

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

  • People Pillar

    The People Pillar is our evaluation of the FAZZX 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 FAZZX’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 Adv holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings FAZZX

More FAZZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 25.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MARICOPA CNTY ARIZ INDL DEV AUTH REV 5%

6.39 38M
municipal

PHOENIX ARIZ CIVIC IMPT CORP ARPT REV 4%

2.76 17M
municipal

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

2.68 16M
municipal

PHOENIX ARIZ CIVIC IMPT CORP ARPT REV 5%

2.17 13M
municipal

PHOENIX ARIZ INDL DEV AUTH STUDENT HSG REV 5%

2.15 13M
municipal

MARICOPA CNTY ARIZ POLLUTION CTL CORP POLLUTION CTL REV 3.6%

2.13 13M
municipal

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

2.06 12M
municipal

SALT VERDE FINL CORP GAS REV ARIZ 5%

2.05 12M
municipal

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

1.69 10M
municipal

MARICOPA CNTY ARIZ POLLUTION CTL CORP POLLUTION CTL REV 4.5%

1.67 10M
municipal

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