FGFZX Performance — Franklin Georgia Tax-Free Income Fund, Advisor Class
Data updated: 2026-07-27
FGFZX returned +1.73% year to date and +7.43% over one year to May 2026. Annualised returns are +3.72% over 3 years and +0.45% over 5 years. Against its Long-Term Municipal Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $112, against $112 for the category, and to $107 over one year, against $107. Volatility over the past three years was 6.46% a year. In the 12 months to May 2026 the fund lost a net $24.0M, and assets reached $263.29M.
FGFZX Growth of $100
What $100 invested in Franklin Georgia Tax-Free Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | FGFZX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $107 | $107 |
| 3 years (Jun 2023 – May 2026) | $112 | $112 |
| 5 years (Jun 2021 – May 2026) | $102 | $103 |
| Since data start (Sep 2019 – May 2026) | $108 | $109 |
FGFZX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.73% |
| 1 year | +7.43% |
| 3 years (annualised) | +3.72% |
| 5 years (annualised) | +0.45% |
FGFZX Annual Returns
Calendar-year total returns of Franklin Georgia Tax-Free Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.73% |
| 2025 | +3.09% |
| 2024 | +2.07% |
| 2023 | +6.78% |
| 2022 | −11.26% |
| 2021 | +1.83% |
| 2020 | +4.52% |
| 2019 (Sep–Dec) | −0.27% |
FGFZX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.4% | +1.6% | −2.1% | +1.2% | +0.7% | — | — | — | — | — | — | — |
| 2025 | +0.1% | +0.9% | −2.0% | −0.9% | −0.5% | +0.8% | −0.8% | +0.8% | +3.0% | +1.4% | +0.2% | 0.0% |
| 2024 | 0.0% | 0.0% | +0.1% | −1.4% | +0.2% | +2.1% | +0.9% | +0.4% | +1.1% | −1.3% | +1.8% | −1.7% |
| 2023 | +3.8% | −2.9% | +2.3% | −0.1% | −0.6% | +0.6% | +0.1% | −1.6% | −3.4% | −1.7% | +7.3% | +3.1% |
| 2022 | −2.6% | −0.7% | −3.2% | −3.3% | +1.2% | −2.4% | +2.8% | −2.7% | −4.4% | −1.3% | +5.9% | −0.7% |
| 2021 | +0.5% | −1.6% | +0.8% | +1.0% | +0.3% | +0.3% | +0.8% | −0.4% | −0.9% | −0.1% | +1.0% | +0.1% |
| 2020 | +1.7% | +1.4% | −3.3% | −1.9% | +3.0% | +0.9% | +1.4% | −0.4% | +0.1% | −0.3% | +1.5% | +0.5% |
| 2019 | — | — | — | — | — | — | — | — | −0.7% | +0.1% | +0.1% | +0.2% |
FGFZX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 6.46%
- 3-year Sharpe ratio: -0.12 (vs 4.5% risk-free rate)
- Best month: +7.34% (Nov 2023)
- Worst month: −3.42% (Sep 2023)
FGFZX Fund Flows
Monthly money in and out of Franklin Georgia Tax-Free Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$24.0M
- 12-month gross sales (incl. reinvestments): $36.7M
- Sales ÷ redemptions: 0.60×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $2.8M | $3.5M | −$638K |
| Apr 2026 | $2.7M | $3.7M | −$977K |
| Mar 2026 | $3.3M | $4.9M | −$1.7M |
| Feb 2026 | $3.9M | $6.7M | −$2.8M |
| Jan 2026 | $3.0M | $3.9M | −$974K |
| Dec 2025 | $2.7M | $6.2M | −$3.5M |
| Nov 2025 | $2.5M | $4.7M | −$2.2M |
| Oct 2025 | $5.1M | $4.7M | $423K |
| Sep 2025 | $3.3M | $7.1M | −$3.9M |
| Aug 2025 | $2.3M | $4.4M | −$2.1M |
| Jul 2025 | $2.4M | $5.6M | −$3.1M |
| Jun 2025 | $2.7M | $5.2M | −$2.5M |
FGFZX Assets Under Management
Net assets of Franklin Georgia Tax-Free Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $263.29M |
| 2026-02-28 | $269.35M |
| 2025-11-30 | $273.60M |
| 2025-08-31 | $268.78M |
| 2025-05-31 | $276.55M |
| 2025-02-28 | $296.61M |
| 2024-11-30 | $303.79M |
| 2024-08-31 | $308.13M |
| 2024-05-31 | $306.37M |
| 2024-02-29 | $320.19M |
| 2023-11-30 | $323.39M |
| 2023-08-31 | $326.81M |
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.