Morningstar

Franklin Virginia Tax Free Income Fund Class R6 FRVRX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $9.32  /  +0.76 %
  • Fund Size $418.3M
  • Adjusted Expense Ratio 0.570%
  • Net Expense Ratio 0.570%
  • Fee Level: Distribution High
  • Share Class Type Retirement, Large
  • Morningstar Category Muni Single State Long
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $0
  • Investment Status Open
  • TTM Yield 3.52%
  • Average Effective Duration 7.82 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FRVRX

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

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Franklin VA Tax Free Income R6 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.

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Portfolio Holdings FRVRX

More FRVRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

WINCHESTER VA ECONOMIC DEV AUTH REV 2.85%

2.00 9M
municipal

DANVILLE VA 4%

1.70 8M
municipal

VIRGINIA SMALL BUSINESS FING AUTH PRIVATE ACTIVITY REV 5%

1.65 7M
municipal

NORTHERN VA TRANSN COMMN TRANSN DIST SPL OBLIG REV 5%

1.61 7M
municipal

NORFOLK VA WTR REV 5%

1.57 7M
municipal

NORFOLK VA WTR REV 5%

1.57 7M
municipal

VIRGINIA SMALL BUSINESS FING AUTH REV 5%

1.52 7M
municipal

VIRGINIA ST RES AUTH INFRASTRUCTURE REV 5%

1.52 7M
municipal

WASHINGTON D C MET AREA TRAN AUTH DEDICATED REV 5%

1.45 7M
municipal

VIRGINIA SMALL BUSINESS FING AUTH RESIDENTIAL CARE FAC REV 4%

1.40 6M
municipal

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