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Morningstar

Franklin VA Tax Free Income C FVAIX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.07  /  −0.09 %
  • Total Assets 414.3 Mil
  • Adj. Expense Ratio
    1.240%
  • Expense Ratio 1.240%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.16%
  • Effective Duration 7.26 years

USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 12:00 AM GMT+0

Morningstar’s Analysis FVAIX

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

  • People Pillar

    The People Pillar is our evaluation of the FVAIX 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 FVAIX’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 VA Tax Free Income C to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FVAIX

More FVAIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 20.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

HAMPTON ROADS SANTN DIST VA WASTEWATER REV 5%

2.98 12.5 Mil
municipal

RICHMOND VA PUB UTIL REV 5%

2.50 10.5 Mil
municipal

ARLINGTON CNTY VA INDL DEV AUTH HOSP FAC REV 3.75%

2.27 9.5 Mil
municipal

WASHINGTON D C MET AREA TRAN AUTH DEDICATED REV 5%

2.01 8.4 Mil
municipal

VIRGINIA ST RES AUTH INFRASTRUCTURE REV 5%

1.98 8.3 Mil
municipal

NORTHERN VA TRANSN COMMN TRANSN DIST SPL OBLIG REV 5%

1.87 7.8 Mil
municipal

NORFOLK VA WTR REV 5%

1.77 7.4 Mil
municipal

NORFOLK VA WTR REV 5%

1.76 7.4 Mil
municipal

VIRGINIA SMALL BUSINESS FING AUTH REV 4%

1.74 7.3 Mil
municipal

VIRGINIA COLLEGE BLDG AUTH VA EDL FACS REV 21ST CENTY COLLEGE & EQUIP PROG

1.70 7.1 Mil
municipal