Franklin Virginia Tax Free Income Fund Class A1 (FRVAX)
| Fund Assets | 447.45M |
| Expense Ratio | 0.73% |
| Min. Investment | $1,000 |
| Turnover | 15.63% |
| Dividend (ttm) | 0.28 |
| Dividend Yield | 2.73% |
| Dividend Growth | 6.51% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 9.84 |
| YTD Return | 0.08% |
| 1-Year Return | 3.17% |
| 5-Year Return | 1.41% |
| 52-Week Low | 9.40 |
| 52-Week High | 10.02 |
| Beta (5Y) | n/a |
| Holdings | 148 |
| 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.
Performance
FRVAX had a total return of 3.17% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.28%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $0.02643 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02359 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02526 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02667 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02311 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02761 | Oct 31, 2025 |