Morningstar

Franklin Federal Tax Free Income Fund Class A FFQAX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.81  /  −0.09 %
  • Total Assets 7.7B
  • Adj. Expense Ratio
    0.770%
  • Expense Ratio 0.770%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.65%
  • Effective Duration 8.39 years

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

Morningstar’s Analysis FFQAX

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

  • People Pillar

    The People Pillar is our evaluation of the FFQAX 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 FFQAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Franklin Federal Tax Free Income A 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
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FFQAX

More FFQAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 7.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUBLIC FIN AUTH WIS MULTIFAMILY HSG REV 0%

1.19 92M
municipal

PUBLIC FIN AUTH WIS MULTIFAMILY HSG REV 0%

1.04 81M
municipal

NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5%

0.80 62M
municipal

TENNERGY CORP TENN GAS REV 5.5%

0.77 60M
municipal

SAN MATEO FOSTER CITY CALIF SCH DIST 0%

0.73 57M
municipal

LOUISIANA PUB FACS AUTH REV 5.5%

0.67 52M
municipal

METROPOLITAN TRANSN AUTH N Y REV 5%

0.62 48M
municipal

CAPITAL TR AUTH FLA MULTIFAMILY HSG REV 0%

0.61 47M
municipal

LIBERTY N Y DEV CORP REV 5.25%

0.59 46M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%

0.59 46M
municipal

Sponsor Center