Franklin Arizona Tax Free Income Fund Class C (FAZIX)
| Fund Assets | 610.21M |
| Expense Ratio | 1.21% |
| Min. Investment | $1,000 |
| Turnover | 10.60% |
| Dividend (ttm) | 0.27 |
| Dividend Yield | 2.76% |
| Dividend Growth | 4.51% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 9.80 |
| YTD Return | -0.77% |
| 1-Year Return | 3.58% |
| 5-Year Return | 0.39% |
| 52-Week Low | 9.41 |
| 52-Week High | 10.09 |
| Beta (5Y) | 0.29 |
| Holdings | 159 |
| Inception Date | May 1, 1995 |
About FAZIX
Franklin Arizona Tax-Free Income Fund Class C is a municipal bond mutual fund designed to generate a high level of income that is exempt from regular federal income taxes and Arizona personal income taxes. According to the sponsor, the portfolio invests at least 80% of assets in securities whose interest is free from federal taxes and, under normal conditions, at least 80% in bonds paying interest free from Arizona personal income taxes, focusing primarily on Arizona state and local issuers. The fund’s sector mix spans education, utilities, health care, transportation, special tax, and housing, reflecting the diverse financing needs of Arizona’s public infrastructure. Credit quality is centered in investment-grade tiers, with notable allocations to AA and A ratings, alongside smaller BBB and non-rated exposures. The strategy targets single-state municipal exposure, making it part of the “Muni Single State Long” category with a long-duration profile typical of state-specific income funds. Managed by Franklin Templeton Investments, it distributes income monthly and emphasizes prudent management and capital preservation while delivering tax-advantaged cash flows to Arizona-focused investors.
Performance
FAZIX had a total return of 3.58% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.13%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.0213 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02372 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02361 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02034 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02442 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02127 | Sep 30, 2025 |