FVAIX

About FVAIX

Franklin Virginia Tax-Free Income Fund Class C is a municipal bond mutual fund designed to deliver a high level of income that is exempt from both regular federal income taxes and Virginia state personal income taxes. The fund primarily invests at least 80% of its total assets in securities, such as municipal bonds, whose interest payments qualify for tax exemption at the federal level—covering both standard and alternative minimum tax considerations—as well as at the state level for Virginia residents. This focus makes the fund particularly relevant for individuals seeking tax-advantaged income, especially those subject to higher income tax rates in Virginia. It supports public infrastructure and essential services by channeling investment into the state and local government sectors. With its emphasis on fixed income securities, the fund plays a specialized role for investors looking to preserve capital while securing a steady and predictable stream of tax-free income. It stands as a tailored solution within the broader universe of municipal bond funds, addressing the unique taxation and regulatory environment pertinent to Virginia.