Continue to site >
Trending ETFs
You have successfully subscribed to Advisor Access. Thank you!
Help us personalize your experience.
Which type of investor describes you best?
Help us personalize your experience.
What is your AUM?
Knowing your investable assets will help us build and prioritize features that will suit your investment needs.

Congratulations on personalizing your experience.

Email is verified. Thank you!

Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FRANKLIN ARIZONA TAX-FREE INCOME FUND

FTAZX | Fund

$9.66

$723 M

0.00%

0.67%

Vitals

YTD Return

-1.0%

1 yr return

2.6%

3 Yr Avg Return

-1.7%

5 Yr Avg Return

0.7%

Net Assets

$723 M

Holdings in Top 10

21.7%

52 WEEK LOW AND HIGH

$9.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.67%

SALES FEES

Front Load 3.75%

Deferred Load N/A

TRADING FEES

Turnover 17.24%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FRANKLIN ARIZONA TAX-FREE INCOME FUND

FTAZX | Fund

$9.66

$723 M

0.00%

0.67%

FTAZX - Profile

Distributions

  • YTD Total Return -1.0%
  • 3 Yr Annualized Total Return -1.7%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.39%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    FRANKLIN ARIZONA TAX-FREE INCOME FUND
  • Fund Family Name
    Franklin Templeton Group of Funds
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    46531648
  • Share Class
    A1
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Wiley

Fund Description

Under normal market conditions, 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, the Fund invests at least 80% of its total assets in securities that pay interest free from the personal income taxes, if any, of Arizona. Although the Fund tries to invest all of its assets in tax-free securities, it is possible that up to 20% of the Fund's net assets may be in securities that pay interest that may be subject to the federal alternative minimum tax and in securities that pay interest subject to other federal or state income taxes.

The Fund only buys municipal securities rated, at the time of purchase, in one of the top four ratings categories by one or more U.S. nationally recognized rating services (or unrated or short-term rated securities of comparable credit quality).

The Fund also may invest up to 35% of its total assets in municipal securities issued by U.S. territories.

Although the investment manager will search for investments across a large number of municipal securities that finance different types of projects, from time to time, based on economic conditions, the Fund may have significant positions in municipal securities that finance similar types of projects.

The investment manager selects securities that it believes will provide the best balance between risk and return within the Fund’s range of allowable investments and typically invests with a long-term time horizon. This means it generally holds securities in the Fund’s portfolio for income purposes, although the investment manager may sell a security at any time if it believes it could help the Fund meet its goal. With a focus on income, individual securities are considered for purchase or sale based on various factors and considerations, including credit profile, risk, structure, pricing, portfolio impact, duration management, restructuring, opportunistic trading and tax loss harvesting opportunities.

Read More

FTAZX - Performance

Return Ranking - Trailing

Period FTAZX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.0% -4.4% 10.8% 61.83%
1 Yr 2.6% -5.7% 31.7% 42.28%
3 Yr -1.7%* -11.1% 2.5% 66.73%
5 Yr 0.7%* -5.9% 1102.0% 56.15%
10 Yr 2.0%* -0.4% 248.1% 38.03%

* Annualized

Return Ranking - Calendar

Period FTAZX Return Category Return Low Category Return High Rank in Category (%)
2023 2.8% -1.4% 41.0% 48.02%
2022 -12.9% -39.7% 0.3% 70.07%
2021 -0.8% -5.6% 6.9% 65.30%
2020 1.7% -2.6% 310.0% 47.56%
2019 3.8% 0.0% 26.0% 47.18%

Total Return Ranking - Trailing

Period FTAZX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.0% -4.4% 10.8% 61.83%
1 Yr 2.6% -5.7% 31.7% 42.28%
3 Yr -1.7%* -11.1% 2.5% 66.73%
5 Yr 0.7%* -5.9% 1102.0% 56.15%
10 Yr 2.0%* -0.4% 248.1% 38.03%

* Annualized

Total Return Ranking - Calendar

Period FTAZX Return Category Return Low Category Return High Rank in Category (%)
2023 6.4% -1.3% 41.0% 29.76%
2022 -10.2% -39.7% 1.1% 62.23%
2021 1.8% -4.8% 23761504.0% 44.33%
2020 4.0% -1.5% 17057.9% 40.09%
2019 7.3% 0.2% 3514.6% 27.14%

NAV & Total Return History

FTAZX - Holdings

Concentration Analysis

FTAZX Category Low Category High FTAZX % Rank
Net Assets 723 M 3.22 M 71.9 B 36.42%
Number of Holdings 191 2 13067 60.96%
Net Assets in Top 10 156 M -317 M 3.4 B 28.38%
Weighting of Top 10 21.69% 1.9% 100.4% 32.60%

Top 10 Holdings

  1. Maricopa County Industrial Development Authority, Series A 5.38%
  2. City of Phoenix Civic Improvement Corp., Series 2017 D 2.30%
  3. City of Lake Havasu City, Series 2015 B 2.11%
  4. Arizona State University, Series 2015 B 1.99%
  5. City of Phoenix Civic Improvement Corp., Series 2017 A 1.82%
  6. Arizona Industrial Development Authority, Series 2021 A 1.75%
  7. Glendale Municipal Property Corp., Series 2012 C 1.67%
  8. Maricopa County Pollution Control Corp., Series 2009 B 1.62%
  9. Industrial Development Authority of the City of Phoenix Arizona (The), Series 2018 A 1.58%
  10. Salt River Project Agricultural Improvement Power District, Series 2017 A 1.48%

Asset Allocation

Weighting Return Low Return High FTAZX % Rank
Bonds 		98.20% 0.00% 150.86% 57.69%
Cash 		1.80% -50.86% 50.09% 39.69%
Stocks 		0.00% 0.00% 99.81% 92.38%
Preferred Stocks 		0.00% 0.00% 0.52% 90.82%
Other 		0.00% -8.54% 33.35% 85.59%
Convertible Bonds 		0.00% 0.00% 0.93% 90.79%

Bond Sector Breakdown

Weighting Return Low Return High FTAZX % Rank
Municipal 		100.00% 44.39% 100.00% 9.21%
Cash & Equivalents 		0.33% 0.00% 48.02% 43.24%
Derivative 		0.00% -8.54% 23.38% 90.63%
Securitized 		0.00% 0.00% 5.93% 97.92%
Corporate 		0.00% 0.00% 9.41% 98.12%
Government 		0.00% 0.00% 52.02% 97.92%

Bond Geographic Breakdown

Weighting Return Low Return High FTAZX % Rank
US 		98.20% 0.00% 142.23% 54.95%
Non US 		0.00% 0.00% 23.89% 90.95%

FTAZX - Expenses

Operational Fees

FTAZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.67% 0.01% 20.65% 57.61%
Management Fee 0.47% 0.00% 1.20% 74.22%
12b-1 Fee 0.10% 0.00% 1.00% 22.86%
Administrative Fee 0.15% 0.01% 0.44% 79.11%

Sales Fees

FTAZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.50% 4.75% 50.28%
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

FTAZX 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.

FTAZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 17.24% 0.00% 283.00% 51.27%

FTAZX - Distributions

Dividend Yield Analysis

FTAZX Category Low Category High FTAZX % Rank
Dividend Yield 0.00% 0.00% 14.56% 25.32%

Dividend Distribution Analysis

FTAZX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FTAZX Category Low Category High FTAZX % Rank
Net Income Ratio 2.39% -0.53% 5.33% 24.80%

Capital Gain Distribution Analysis

FTAZX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

FTAZX - Fund Manager Analysis

Managers

John Wiley

Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.58

1.6%

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

1.58

1.6%

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

John Bonelli

Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.58

1.6%

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

Christopher Sperry

Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.58

1.6%

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
0.08 35.05 7.37 1.58

Advertisement

×

Wait! Do you know all the important aspects of mutual funds?

×

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.