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Morningstar

Franklin VA Tax Free Income A1 FRVAX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 10.01  /  0.01 %
  • Total Assets 452.4 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.690%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Limited
  • TTM Yield 2.38%
  • Effective Duration 7.58 years

USD | NAV as of Jan 31, 2023 | 1-Day Return as of Jan 31, 2023, 11:12 PM GMT+00:00

Morningstar’s Analysis FRVAX

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

People Pillar

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

Summary

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Weakness in Franklin VA Tax Free Income A1's People and Process Pillar ratings limits this strategy to a Morningstar Quantitative Rating of Neutral. The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

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