Morningstar

Franklin Arizona Tax Free Income Fund Advisor Class FAZZX

Medalist Rating as of Aug 31, 2026 See Franklin Templeton Investment Hub

Strategy

The investment seeks to provide investors with as high a level of income exempt from federal income taxes and from personal income taxes, if any, for resident shareholders of Arizona as is consistent with prudent investment management and the preservation of shareholders' capital. The fund invests at least 80% of its net assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. In addition, under normal market conditions, it invests at least 80% of its total assets in securities that pay interest free from the personal income taxes, if any, of Arizona.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FAZZX	Franklin Arizona Tax Free Income Fund Advisor Class	Institutional	Open			Jul 1, 2008	$94.18M	0.580%	Above Average	$100,000	−$12.05M
FTAZX	Franklin Arizona Tax Free Income Fund Class A1	Front Load	Limited			Sep 1, 1987	$225.46M	0.680%	Low	$1,000	−$44.60M
FAZQX	Franklin Arizona Tax Free Income Fund Class A	Front Load	Open			Sep 10, 2018	$195.88M	0.830%	Above Average	$1,000	−$13.09M
FAZIX	Franklin Arizona Tax Free Income Fund Class C	Level Load	Open			May 1, 1995	$11.11M	1.220%	Low	$1,000	−$3.39M
FAZRX	Franklin Arizona Tax Free Income Fund Class R6	Retirement, Large	Open			Aug 1, 2017	$24.38M	0.550%	Above Average	$1M	$459,835.34

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