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Morningstar

Franklin AZ Tax Free Income Adv FAZZX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.25  /  0.14 %
  • Total Assets 709.8 Mil
  • Adj. Expense Ratio
    0.560%
  • Expense Ratio 0.560%
  • 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 3.36%
  • Effective Duration 7.03 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:12 PM GMT+0

Morningstar’s Analysis FAZZX

Will FAZZX 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 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.

Weakness in Franklin AZ Tax Free Income Adv's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the least expensive fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FAZZX

More FAZZX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 199
  • Other Holdings 1
  • % Assets in Top 10 Holdings 21.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MARICOPA CNTY ARIZ INDL DEV AUTH REV 5%

5.24
38,857,269
municipal

PHOENIX ARIZ CIVIC IMPT CORP ARPT REV 4%

2.21
16,365,900
municipal

LAKE HAVASU CITY ARIZ WASTEWATER SYS REV 5%

2.08
15,402,528
municipal

ARIZONA BRD REGENTS ARIZ ST UNIV SYS REV 5%

1.95
14,427,730
municipal

MARICOPA CNTY ARIZ INDL DEV AUTH EDL FACS REV 5%

1.83
13,553,365
municipal

PHOENIX ARIZ CIVIC IMPT CORP ARPT REV 5%

1.78
13,195,564
municipal

ARIZONA INDL DEV AUTH ED REV 4%

1.65
12,243,776
municipal

GLENDALE ARIZ MUN PPTY CORP EXCISE TAX REV 5%

1.63
12,109,342
municipal

PHOENIX ARIZ INDL DEV AUTH STUDENT HSG REV 5%

1.58
11,689,605
municipal

MARICOPA CNTY ARIZ POLLUTION CTL CORP POLLUTION CTL REV 3.6%

1.57
11,633,618
municipal