Franklin Virginia Tax Free Income Fund Class A (FVAQX)

Fund Assets	443.58M
Expense Ratio	0.89%
Min. Investment	$1,000
Turnover	15.57%
Dividend (ttm)	0.29
Dividend Yield	3.00%
Dividend Growth	5.93%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.80
YTD Return	0.72%
1-Year Return	5.72%
5-Year Return	-1.88%
52-Week Low	9.54
52-Week High	10.02
Beta (5Y)	n/a
Holdings	152
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.

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

Performance

FVAQX had a total return of 5.72% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.12%.

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%
FVAIX	Class C	1.28%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.02652	Jul 31, 2026
Jun 30, 2026	$0.02422	Jun 30, 2026
May 29, 2026	$0.02503	May 29, 2026
Apr 30, 2026	$0.02432	Apr 30, 2026
Mar 31, 2026	$0.02522	Mar 31, 2026
Feb 27, 2026	$0.02245	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

Data Sources Report a data error