FAZRX — Franklin Arizona Tax-Free Income Fund
Data updated: 2026-07-27
FAZRX — Franklin Arizona Tax-Free Income Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $597.09M AUM · 0.55% expense ratio · 4.1% 1-yr return. From SEC regulatory filings.
FAZRX Fund Overview
FAZRX — Franklin Arizona Tax-Free Income Fund is a US mutual fund managed by Franklin Tax Free Trust, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Franklin Tax Free Trust
- Category: Long Municipal - National Bond
- Assets under management: $597.09M
- 1-year return: 4.1%
- Ticker: FAZRX
- SEC CIK: 0000757010
- SEC series ID: S000006922
- Share class ID: C000194363
FAZRX Holdings
Top 10 holdings of Franklin Arizona Tax-Free Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Maricopa County Industrial Development Authority | 6.41% |
| City of Phoenix Civic Improvement Corp. | 2.76% |
| Salt River Project Agricultural Improvement & Power District | 2.66% |
| City of Phoenix Civic Improvement Corp. | 2.17% |
| Industrial Development Authority of the City of Phoenix Arizona (The) | 2.14% |
| Maricopa County Pollution Control Corp. | 2.13% |
| Salt Verde Financial Corp. | 2.05% |
| City of Phoenix Civic Improvement Corp. | 2.05% |
| Gilbert Water Resource Municipal Property Corp. | 1.71% |
| Maricopa County Pollution Control Corp. | 1.68% |
FAZRX Portfolio Allocation
Asset-class allocation of Franklin Arizona Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 97.9% |
| Cash & Equivalents | 0.1% |
FAZRX Performance
Total returns for FAZRX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 2.0% |
| 1 year | 4.1% |
| 3 years (annualised) | 4.6% |
| 5 years (annualised) | 1.2% |
FAZRX Risk Information
Risk metrics for FAZRX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.5%
FAZRX Costs and Fees
FAZRX costs about $55 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.55%
- Gross expense ratio: 0.55%
- Portfolio turnover: 17%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FAZRX Cashflows
Over the 12 months to 2026-02, Franklin Arizona Tax-Free Income Fund had net outflows of $90.55M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | −$14.23M |
| 2026-01 | −$2.57M |
| 2025-12 | −$23.59M |
| 2025-11 | −$3.09M |
| 2025-10 | −$6.17M |
| 2025-09 | −$4.69M |
FAZRX Debt Constituents
Largest debt holdings of Franklin Arizona Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Maricopa County Industrial Development Authority | 6.41% |
| City of Phoenix Civic Improvement Corp. | 2.76% |
| Salt River Project Agricultural Improvement & Power District | 2.66% |
| City of Phoenix Civic Improvement Corp. | 2.17% |
| Industrial Development Authority of the City of Phoenix Arizona (The) | 2.14% |
| Maricopa County Pollution Control Corp. | 2.13% |
| Salt Verde Financial Corp. | 2.05% |
| City of Phoenix Civic Improvement Corp. | 2.05% |
| Gilbert Water Resource Municipal Property Corp. | 1.71% |
| Maricopa County Pollution Control Corp. | 1.68% |
FAZRX Prospectus and SEC Filings
Official Franklin Arizona Tax-Free Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.