Franklin Virginia Tax Free Income Fund Class C (FVAIX)

Fund Assets	443.58M
Expense Ratio	1.28%
Min. Investment	$1,000
Turnover	15.57%
Dividend (ttm)	0.25
Dividend Yield	2.54%
Dividend Growth	6.90%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.96
YTD Return	0.46%
1-Year Return	5.30%
5-Year Return	-2.80%
52-Week Low	9.70
52-Week High	10.19
Beta (5Y)	0.30
Holdings	152
Inception Date	May 1, 1995

About FVAIX

Franklin Virginia Tax-Free Income Fund Class C is a municipal bond mutual fund designed to deliver a high level of income that is exempt from both regular federal income taxes and Virginia state personal income taxes. The fund primarily invests at least 80% of its total assets in securities, such as municipal bonds, whose interest payments qualify for tax exemption at the federal level—covering both standard and alternative minimum tax considerations—as well as at the state level for Virginia residents. This focus makes the fund particularly relevant for individuals seeking tax-advantaged income, especially those subject to higher income tax rates in Virginia. It supports public infrastructure and essential services by channeling investment into the state and local government sectors. With its emphasis on fixed income securities, the fund plays a specialized role for investors looking to preserve capital while securing a steady and predictable stream of tax-free income. It stands as a tailored solution within the broader universe of municipal bond funds, addressing the unique taxation and regulatory environment pertinent to Virginia.

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

Performance

FVAIX had a total return of 5.30% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.87%.

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%
FRVAX	Class A1	0.74%
FVAQX	Class A	0.89%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.02282	Jul 31, 2026
Jun 30, 2026	$0.02085	Jun 30, 2026
May 29, 2026	$0.02157	May 29, 2026
Apr 30, 2026	$0.02095	Apr 30, 2026
Mar 31, 2026	$0.02186	Mar 31, 2026
Feb 27, 2026	$0.01929	Feb 27, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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