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
FAZZX had a total return of 5.90% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.34%.
