Franklin Virginia Tax Free Income Fund Class A1 (FRVAX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

9.41

+0.09 (0.97%)

At close: Oct 15, 2026

Fund Assets	408.07M
Expense Ratio	0.725%
Min. Investment	$1,000
Turnover	15.57%
Dividend (ttm)	0.31
Dividend Yield	3.27%
Dividend Growth	4.07%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.32
YTD Return	-2.50%
1-Year Return	-1.53%
5-Year Return	-1.92%
52-Week Low	9.17
52-Week High	10.02
Beta (5Y)	0.04
Holdings	157
Inception Date	Sep 1, 1987

About FRVAX

Franklin Virginia Tax‑Free Income Fund Class A1 is an open‑end municipal bond mutual fund focused on delivering income that is exempt from regular federal income taxes and Virginia personal income taxes. Under typical market conditions, it concentrates the portfolio in Virginia state and local government issuers, aligning with a single‑state, long‑duration mandate designed to support public infrastructure such as transportation, utilities, education, and water systems. The fund invests primarily in investment‑grade municipal securities and maintains a multi‑manager structure within the Franklin Templeton platform. It distributes income monthly and emphasizes tax‑efficient cash flows for Virginia residents, while also offering diversification across numerous revenue and general obligation bonds. With a history dating to 1987 and a mid‑range expense profile for its share class, the strategy serves as a targeted building block for investors seeking state‑specific municipal exposure and tax‑advantaged income within a broader fixed income allocation.

Fund Family Franklin Templeton, Inc

Category VA Municipal Debt

Performance Rating Below Average

Risk Rating Average

Stock Exchange Nasdaq

Ticker Symbol FRVAX

Share Class Class A1

Index Bloomberg Municipal Bond TR

Performance

FRVAX had a total return of -1.53% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.15%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
FRVRX	Class R6	0.57%
FRVZX	Advisor Class	0.64%
FVAQX	Class A	0.89%
FVAIX	Class C	1.28%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02569	Sep 30, 2026
Aug 31, 2026	$0.02441	Aug 31, 2026
Jul 31, 2026	$0.02786	Jul 31, 2026
Jun 30, 2026	$0.02545	Jun 30, 2026
May 29, 2026	$0.02629	May 29, 2026
Apr 30, 2026	$0.02554	Apr 30, 2026

Full Dividend History