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.
Fund Family Franklin Templeton Investments
Category Muni Single State Long
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol FAZIX
Share Class Class C
Index Bloomberg Municipal Bond TR
FAZIX had a total return of 5.13% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.12%.
