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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 9.69  /  +0.01 %
  • Total Assets 707.0 Mil
  • Adj. Expense Ratio
    0.560%
  • Expense Ratio 0.560%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 3.27%
  • Effective Duration 6.81 years

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 11:49 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.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Franklin AZ Tax Free Income Adv 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 cheapest 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 —
  • 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