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

11.12
Net Asset Value
-0.09%
1 Day
-1.33%
Year-to-Date
Overall Morningstar Rating
Muni single state long
Style or Category
4.25
Sales Expenses
0.65%
Expense Ratio
Below 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 month-0.37% 3 years+1.80%
3 months-0.19% 5 years+1.64%
1 year-0.43% Since inception+5.45%
Data through --

Peer Comparisonvs. Muni single state long

 FRVAXCategory
Performance 5-yr return+1.64%+2.02%
Expense ratio0.65%0.97%
Risk 5 year sharpe ratio0.410.48
Net assets$685.9M$309.2M
Average market cap--$23.1B
Average P/E--11.6
Portfolio turnover17%17%

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Fund Management and Purchase Info

Fund familyFranklin Templeton Investments
Fund manager & tenureStella Wong / 30 Years
Minimal initial investment$1,000.00
Minimum IRA investment--

Holdings

Fixed income98.31%
Cash1.69%
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
-- 4.23%
-- 3.60%
-- 2.65%
-- 2.50%
-- 2.38%
-- 2.00%
-- 1.93%
-- 1.87%
-- 1.83%
-- 1.77%