Franklin Virginia Tax Free Income Fund Class A (FVAQX)
| Fund Assets | 447.45M |
| Expense Ratio | 0.88% |
| Min. Investment | $1,000 |
| Turnover | 15.63% |
| Dividend (ttm) | 0.27 |
| Dividend Yield | 2.60% |
| Dividend Growth | 7.01% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 9.84 |
| YTD Return | 0.06% |
| 1-Year Return | 2.86% |
| 5-Year Return | -0.93% |
| 52-Week Low | 9.40 |
| 52-Week High | 10.02 |
| Beta (5Y) | n/a |
| Holdings | 148 |
| Inception Date | Sep 10, 2018 |
About FVAQX
Franklin Virginia Tax-Free Income Fund Class A is an open-end municipal bond mutual fund focused on generating income exempt from regular federal income taxes and Virginia personal income taxes. The fund primarily invests in investment-grade Virginia municipal securities, allocating at least 80% of assets to bonds whose interest is free from federal income tax—including the alternative minimum tax—and Virginia personal income tax, consistent with prudent management. Its portfolio spans essential-service and revenue-backed issuers across the state, such as water and wastewater systems, transportation authorities, higher education facilities, and public utilities, reflecting diversified exposure to local infrastructure and public finance. The strategy targets long-term, tax-advantaged income, with duration positioning typical of longer-maturity single-state muni mandates. By concentrating on Virginia issuers, the fund provides targeted credit exposure to the Commonwealth’s fiscal profile while offering potential tax benefits to residents. It is designed for investors seeking tax-exempt income within a single-state framework, supported by the municipal research and portfolio management resources of its sponsor.
Performance
FVAQX had a total return of 2.86% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.09%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $0.02522 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02245 | Feb 27, 2026 |
| Jan 30, 2026 | $0.024 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02538 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02197 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02627 | Oct 31, 2025 |