Franklin Arizona Tax Free Income Fund Advisor Class (FAZZX)

Fund Assets	617.36M
Expense Ratio	0.56%
Min. Investment	$1,000
Turnover	10.60%
Dividend (ttm)	0.33
Dividend Yield	3.36%
Dividend Growth	2.04%
Payout Frequency	Monthly
Ex-Dividend Date	Jan 30, 2026

Previous Close	9.88
YTD Return	1.22%
1-Year Return	4.79%
5-Year Return	3.27%
52-Week Low	9.00
52-Week High	9.89
Beta (5Y)	n/a
Holdings	164
Inception Date	Jul 1, 2008

About FAZZX

Franklin Arizona Tax-Free Income Fund Advisor Class is a municipal bond mutual fund designed to provide investors with a high level of income that is exempt from both regular federal income taxes and Arizona personal income taxes. The fund primarily invests in municipal securities issued by Arizona state and local governments, with more than 90% of its assets allocated to Arizona-based bonds. Its core sectors include education, utilities, health care, transportation, and special tax districts, reflecting its key role in financing public infrastructure and essential services within the state. The fund’s portfolio spans a range of credit qualities, with significant holdings in investment-grade bonds. With a long average duration, the fund targets investors seeking tax-advantaged income and capital preservation from municipal securities, contributing to Arizona’s economic development by channeling investment into vital public projects. Managed with an emphasis on prudent risk control, the fund is a specialized tool for those looking to maximize tax-exempt income within the Arizona municipal market.

• Fund Family: Franklin Templeton Investments
• Category: Muni Single State Long
• Performance Rating: Above Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: FAZZX
• Share Class: Advisor Class
• Index: Bloomberg Municipal Bond TR

Performance

FAZZX had a total return of 4.79% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.44%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FSAZX	Fidelity	Fidelity Arizona Municipal Income Fund	0.55%
FICNX	Fidelity	Fidelity Connecticut Municipal Income Fund	0.46%
FMHTX	Fidelity	Fidelity Michigan Municipal Income Fund	0.46%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FAZRX	Class R6	0.54%
FTAZX	Class A1	0.67%
FAZQX	Class A	0.82%
FAZIX	Class C	1.21%

Dividend History

Ex-Dividend	Amount	Pay Date
Jan 30, 2026	$0.02924	Jan 30, 2026
Dec 31, 2025	$0.02928	Dec 31, 2025
Nov 28, 2025	$0.02533	Nov 28, 2025
Oct 31, 2025	$0.03027	Oct 31, 2025
Sep 30, 2025	$0.02633	Sep 30, 2025
Aug 29, 2025	$0.03005	Aug 29, 2025