4 / 5 Stars
5 5 2 5 5
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#12 in Muni Single State Long
U.S. News evaluated 80 Muni Single State Long Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned -3.48 percent over the past year, 6.01 percent over the past three years, 5.68 percent over the past five years, and 4.05 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||2.2%|
|3 Years (Annualized)||6.0%|
|5 Years (Annualized)||5.7%|
|10 Years (Annualized)||4.0%|
The investment seeks to provide investors with as high a level of income exempt from federal income taxes and from personal income taxes, if any, for resident shareholders of Arizona as is consistent with prudent investment management and the preservation of shareholders' capital. The fund invests at least 80% of its net assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. In addition, under normal market conditions, it invests at least 80% of its total assets in securities that pay interest free from the personal income taxes, if any, of Arizona.
Fees are Low compared to funds in the same category.
Franklin Arizona Tax Free Income Fund has an expense ratio of 0.63 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.