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

Net Asset Value
1 Day
Overall Morningstar Rating
Muni single state long
Style or Category
Sales Expenses
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.


1 month-0.01% 3 years+1.25%
3 months-0.10% 5 years+1.35%
1 year+0.70% Since inception+5.41%
Data through --

Peer Comparisonvs. Muni single state long

Performance 5-yr return+1.35%+1.99%
Expense ratio0.65%0.97%
Risk 5 year sharpe ratio0.380.48
Net assets$650.2M$303.1M
Average market cap--$24.9B
Average P/E--13.1
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--


Fixed income98.31%
U.S. stock0.00%
International stock0.00%
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%