FAZIX Fees and Costs — Franklin Arizona Tax-Free Income Fund, Class C
Data updated: 2026-07-27
The net expense ratio is 1.22%: a 0.49% management fee, a 0.65% 12b-1 fee plus 0.08% other expenses. This share class carries a deferred sales charge of up to 1.00%. Portfolio turnover was 17%.
FAZIX Fees and Expenses
Annual operating expenses and sales charges of FAZIX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.65% |
| Other expenses | 0.08% |
| Gross expense ratio | 1.22% |
| Fee waiver | — |
| Net expense ratio | 1.22% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FAZIX Costs Over Time
On $10,000 invested in FAZIX, assuming 5% a year before costs, total costs come to $760 over 5 years, cutting the return by 1.28% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $104 | $0 | $0 |
| Fund expenses (net expense ratio 1.22%) | $128 | $399 | $690 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $232 | $419 | $760 |
| Value after costs | $10,268 | $11,158 | $12,003 |
| Impact on return, per year | 2.32% | 1.28% | 1.28% |
FAZIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $300.2M
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
FAZIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $44.5M | 18.28% |
| J.P. Morgan Securities LLC | $43.3M | 17.80% |
| Stifel, Nicolaus & Company, Incorporated | $36.1M | 14.83% |
| Morgan Stanley & Co. LLC | $31.2M | 12.84% |
| UBS Securities LLC | $20.9M | 8.60% |
| Raymond James & Associates, Inc. | $17.4M | 7.14% |
| Loop Capital Markets LLC | $15.3M | 6.29% |
| Truist Securities, Inc. | $14.9M | 6.14% |
| Hilltop Securities Inc. | $10.3M | 4.25% |
| BofA Securities, Inc. | $9.3M | 3.82% |
Franklin Arizona Tax-Free Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FAZRX | Class R6 | 0.55% | none |
| FAZZX | Advisor Class | 0.58% | none |
| FTAZX | Class A1 | 0.68% | 3.75% |
| FAZQX | Class A | 0.83% | 3.75% |
| FAZIX | Class C | 1.22% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.