FTAZX

About FTAZX

Franklin Arizona Tax-Free Income Fund Class A1 is a municipal bond mutual fund focused on providing investors with income that is exempt from both regular federal income taxes and Arizona state personal income taxes. Its primary function is to invest at least 80% of its assets in a diversified portfolio of high-quality municipal securities issued by Arizona state and local governments, financing projects such as public infrastructure, education, and utilities. The fund falls under the muni single-state long category, which typically consists of portfolios with longer durations and maturities, offering exposure to the Arizona municipal bond market. Designed for investors seeking tax-advantaged income, this fund helps support state and community development projects while aiming to minimize federal and state tax liabilities for Arizona residents. The fund is actively managed and maintains a concentration in the top municipal issuers within Arizona. Its credit quality and interest rate sensitivity are generally considered moderate, and it requires a minimum initial investment, making it suitable for individuals and institutions looking to diversify fixed income holdings with a state-specific and tax-efficient strategy.