Franklin Virginia Tax-Free Income Fund Class A (FRVAX)

11.65
Net Asset Value
0.00%
1 Day
+4.67%
Year-to-Date
Overall Morningstar Rating
Muni single state long
Style or Category
4.25
Sales Expenses
0.64%
Expense Ratio
Average
Morningstar Risk Rating™
Investment Objective The investment seeks to provide investors with as high a level of income exempt from federal income taxes as is consistent with prudent investment management and the preservation of shareholders' capital. The fund invests at least 80% of its total assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. In addition, it invests at least 80% of its total assets in securities that pay interest free from the personal income taxes, if any, of Virginia. The fund only buys municipal securities rated in one of the top four ratings categories by one or more U.S. nationally recognized rating services.

Performance

1 month0.00% 3 years+3.44%
3 months+1.07% 5 years+4.12%
1 year+7.93% Since inception+5.83%
Data through --

Peer Comparisonvs. Muni single state long

 FRVAXCategory
Performance 5-yr return+4.12%+4.02%
Expense ratio0.64%1.07%
Risk 5 year sharpe ratio0.931.00
Net assets$713.5M$276.8M
Average market cap--$29.7B
Average P/E--60.0
Portfolio turnover12%12%

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Fund Management and Purchase Info

Fund familyFranklin Templeton Investments
Fund manager & tenureStella Wong / 27 Years
Minimal initial investment$1,000.00
Minimum IRA investment--

Holdings

Fixed income98.10%
Cash1.90%
U.S. stock0.00%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- Virginia College Bldg Auth 5%4.09%
-- Virginia Small Busn Fing A Healthcar 5%3.47%
-- Riverside Va Regl Jail Auth 5%3.29%
-- Univ Va Univ Revs Gen Rev P 5%2.75%
-- Hampton Roads Santn Dist 5%2.44%
-- Univ Va Univ Revs Gen Rev P 5%2.40%
-- Puerto Rico Sales Tax Fing Cor Rev Bd 6%2.25%
-- Harrisonburg Va Indl Dev Auth 5%2.15%
-- Metropolitan Wash D C Arpts Au Airpor 5%1.90%
-- Metropolitan Wash D C Arpts Au Rev 5.25%1.83%

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