FAZZX: Franklin Arizona Tax Free Income Fund - MutualFunds.com
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Franklin AZ Tax Free Income Adv

FAZZX - Snapshot

Vitals

  • YTD Return 0.4%
  • 3 Yr Annualized Return 4.5%
  • 5 Yr Annualized Return 3.1%
  • Net Assets $1.05 B
  • Holdings in Top 10 19.6%

52 WEEK LOW AND HIGH

$11.18
$10.91
$11.19

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.56%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 13.66%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Single State Long

Compare FAZZX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.89

0.00%

$85.72 B

-

$0.00

0.20%

0.17%

$11.26

0.00%

$36.46 B

-

$0.00

0.00%

0.17%

$13.76

0.00%

$26.45 B

-

$0.00

1.03%

0.52%

$117.60

+0.03%

$22.01 B

-

-

0.28%

0.07%

$15.94

0.00%

$21.98 B

-

$0.00

-0.06%

0.17%

FAZZX - Profile

Distributions

  • YTD Total Return 0.4%
  • 3 Yr Annualized Total Return 4.5%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.71%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Franklin Arizona Tax Free Income Fund
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    Jul 01, 2008
  • Shares Outstanding
    16174848
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Bonelli

Fund Description

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.


FAZZX - Performance

Return Ranking - Trailing

Period FAZZX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -2.2% 7.3% 58.67%
1 Yr 4.7% -1.3% 22.3% 56.32%
3 Yr 4.5%* 0.3% 10.0% 41.14%
5 Yr 3.1%* -0.6% 7.8% 37.97%
10 Yr 4.2%* -0.2% 9.6% 33.09%

* Annualized

Return Ranking - Calendar

Period FAZZX Return Category Return Low Category Return High Rank in Category (%)
2020 1.7% -2.8% 310.0% 46.06%
2019 3.8% -0.3% 15.4% 48.10%
2018 -2.6% -10.3% 97.2% 70.75%
2017 0.5% -100.0% 7.6% 81.89%
2016 -2.4% -7.9% 96.8% 28.38%

Total Return Ranking - Trailing

Period FAZZX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -2.2% 7.3% 58.67%
1 Yr 4.7% -5.4% 22.3% 42.93%
3 Yr 4.5%* -1.7% 10.0% 34.08%
5 Yr 3.1%* -1.8% 7.8% 32.07%
10 Yr 4.2%* -0.4% 9.6% 29.97%

* Annualized

Total Return Ranking - Calendar

Period FAZZX Return Category Return Low Category Return High Rank in Category (%)
2020 1.7% -2.8% 310.0% 46.06%
2019 3.8% -0.3% 15.4% 49.61%
2018 -2.6% -10.3% 11.0% 72.49%
2017 0.5% -100.0% 7.6% 83.23%
2016 -2.4% -7.9% 3.0% 33.21%

NAV & Total Return History


FAZZX - Holdings

Concentration Analysis

FAZZX Category Low Category High FAZZX % Rank
Net Assets 1.05 B 907 K 85.7 B 29.27%
Number of Holdings 221 3 11766 55.15%
Net Assets in Top 10 204 M -241 M 4.15 B 21.86%
Weighting of Top 10 19.55% 2.3% 100.0% 37.62%

Top 10 Holdings

  1. MARICOPA CNTY ARIZ INDL DEV AUTH REV 5% 4.43%
  2. PHOENIX ARIZ CIVIC IMPT CORP ARPT REV 4% 2.28%
  3. MESA ARIZ UTIL SYS REV 5% 1.81%
  4. PHOENIX ARIZ CIVIC IMPT CORP ARPT REV 5% 1.75%
  5. LAKE HAVASU CITY ARIZ WASTEWATER SYS REV 5% 1.69%
  6. ARIZONA HEALTH FACS AUTH REV 5% 1.65%
  7. ARIZONA BRD REGENTS UNIV ARIZ SYS REV 4% 1.63%
  8. ARIZONA BRD REGENTS ARIZ ST UNIV SYS REV 5% 1.60%
  9. ARIZONA INDL DEV AUTH HOSP REV 0.06% 1.60%
  10. MARICOPA CNTY ARIZ INDL DEV AUTH EDL FACS REV 5% 1.57%

Asset Allocation

Weighting Return Low Return High FAZZX % Rank
Bonds
101.16% 65.18% 145.79% 3.07%
Stocks
0.00% -0.06% 2.34% 29.64%
Preferred Stocks
0.00% -0.94% 1.06% 27.32%
Other
0.00% -13.58% 30.00% 30.11%
Convertible Bonds
0.00% 0.00% 1.29% 27.43%
Cash
-1.17% -45.79% 34.82% 97.10%

Bond Sector Breakdown

Weighting Return Low Return High FAZZX % Rank
Municipal
100.00% 42.61% 100.00% 2.73%
Derivative
0.00% 0.00% 0.85% 27.21%
Cash & Equivalents
0.00% 0.00% 34.82% 89.87%
Securitized
0.00% 0.00% 7.07% 28.91%
Corporate
0.00% 0.00% 15.60% 39.04%
Government
0.00% 0.00% 50.29% 32.90%

Bond Geographic Breakdown

Weighting Return Low Return High FAZZX % Rank
US
97.93% 65.18% 141.11% 31.59%
Non US
3.23% 0.00% 23.68% 23.56%

FAZZX - Expenses

Operational Fees

FAZZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.56% 0.01% 16.95% 74.15%
Management Fee 0.48% 0.00% 1.12% 68.86%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.47% 59.85%

Sales Fees

FAZZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

FAZZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FAZZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 13.66% 0.00% 299.40% 22.52%

FAZZX - Distributions

Dividend Yield Analysis

FAZZX Category Low Category High FAZZX % Rank
Dividend Yield 0.00% 0.00% 1.75% 31.86%

Dividend Distribution Analysis

FAZZX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

FAZZX Category Low Category High FAZZX % Rank
Net Income Ratio 2.71% -1.65% 5.71% 24.27%

Capital Gain Distribution Analysis

FAZZX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

FAZZX - Fund Manager Analysis

Managers

John Bonelli


Start Date

Tenure

Tenure Rank

Nov 02, 2020

0.58

0.6%

Mr. Bonelli is a Portfolio Manager and Research Analyst of Franklin Advisers, Inc. He joined Franklin Templeton Investments in 2010.

John Wiley


Start Date

Tenure

Tenure Rank

Nov 02, 2020

0.58

0.6%

John Wiley, Senior Vice President, has been a lead portfolio manager since 1993. Wiley has been an analyst or portfolio manager with Franklin Templeton Investments, his employer since 1989. He holds the Chartered Financial Analyst designation.

Michael Conn


Start Date

Tenure

Tenure Rank

Nov 02, 2020

0.58

0.6%

Mr. Conn has been a portfolio manager of Franklin Advisers, Inc since November 2020. He joined Franklin Templeton in 2006.

Christopher Sperry


Start Date

Tenure

Tenure Rank

Nov 02, 2020

0.58

0.6%

Sperry has been an analyst or portfolio manager of Franklin Templeton Investments, his employer since 1996. Sperry holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 36.19 7.08 0.58