FITZX Performance — Franklin Federal Intermediate-Term Tax-Free Income Fund, Advisor Class
Data updated: 2026-07-27
FITZX returned +1.48% year to date and +6.77% over one year to May 2026. Annualised returns are +4.36% over 3 years and +1.31% over 5 years. The fund beat its Intermediate Municipal Bond category average: $100 invested three years ago grew to $114, against $111 for the category, and to $107 over one year, against $106. Volatility over the past three years was 4.51% a year. In the 12 months to May 2026 the fund lost a net $62.4M, and assets reached $2.01B.
FITZX Growth of $100
What $100 invested in Franklin Federal Intermediate-Term Tax-Free Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | FITZX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $107 | $106 |
| 3 years (Jun 2023 – May 2026) | $114 | $111 |
| 5 years (Jun 2021 – May 2026) | $107 | $104 |
| Since data start (Sep 2019 – May 2026) | $112 | $109 |
FITZX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.48% |
| 1 year | +6.77% |
| 3 years (annualised) | +4.36% |
| 5 years (annualised) | +1.31% |
FITZX Annual Returns
Calendar-year total returns of Franklin Federal Intermediate-Term Tax-Free Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.48% |
| 2025 | +4.85% |
| 2024 | +2.66% |
| 2023 | +5.72% |
| 2022 | −7.90% |
| 2021 | +0.89% |
| 2020 | +4.41% |
| 2019 (Sep–Dec) | −0.08% |
FITZX 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 | +0.8% | +1.3% | −2.1% | +1.0% | +0.5% | — | — | — | — | — | — | — |
| 2025 | +0.4% | +1.0% | −1.3% | −0.4% | 0.0% | +0.9% | −0.1% | +0.9% | +2.0% | +1.1% | +0.2% | +0.1% |
| 2024 | 0.0% | +0.2% | +0.3% | −0.9% | −0.2% | +1.3% | +0.8% | +0.8% | +0.9% | −0.9% | +1.2% | −0.9% |
| 2023 | +2.7% | −2.0% | +1.8% | −0.1% | −0.7% | +0.8% | +0.2% | −0.9% | −2.3% | −1.0% | +5.0% | +2.3% |
| 2022 | −2.4% | −0.7% | −2.8% | −2.4% | +0.9% | −1.3% | +2.3% | −1.9% | −3.3% | −0.6% | +4.1% | +0.3% |
| 2021 | +0.5% | −1.5% | +0.5% | +0.8% | +0.3% | +0.3% | +0.7% | −0.3% | −0.8% | −0.2% | +0.8% | 0.0% |
| 2020 | +1.3% | +1.0% | −2.6% | −0.9% | +2.7% | +0.5% | +1.3% | −0.4% | −0.1% | −0.2% | +1.2% | +0.6% |
| 2019 | — | — | — | — | — | — | — | — | −0.6% | +0.1% | +0.1% | +0.3% |
FITZX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 4.51%
- 3-year Sharpe ratio: -0.03 (vs 4.5% risk-free rate)
- Best month: +4.98% (Nov 2023)
- Worst month: −2.30% (Sep 2023)
FITZX Fund Flows
Monthly money in and out of Franklin Federal Intermediate-Term Tax-Free Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$62.4M
- 12-month gross sales (incl. reinvestments): $362.7M
- Sales ÷ redemptions: 0.85×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $28.2M | $27.4M | $802K |
| Apr 2026 | $19.1M | $26.9M | −$7.9M |
| Mar 2026 | $19.4M | $30.9M | −$11.5M |
| Feb 2026 | $26.5M | $35.3M | −$8.8M |
| Jan 2026 | $36.6M | $27.8M | $8.8M |
| Dec 2025 | $52.0M | $58.6M | −$6.6M |
| Nov 2025 | $30.2M | $28.5M | $1.6M |
| Oct 2025 | $35.3M | $35.9M | −$572K |
| Sep 2025 | $24.7M | $39.6M | −$14.9M |
| Aug 2025 | $30.1M | $40.0M | −$9.9M |
| Jul 2025 | $27.9M | $38.7M | −$10.8M |
| Jun 2025 | $32.8M | $35.4M | −$2.6M |
FITZX Assets Under Management
Net assets of Franklin Federal Intermediate-Term Tax-Free Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $2.01B |
| 2026-02-28 | $2.06B |
| 2025-11-30 | $2.04B |
| 2025-08-31 | $2.01B |
| 2025-05-31 | $2.01B |
| 2025-02-28 | $2.11B |
| 2024-11-30 | $2.12B |
| 2024-08-31 | $2.13B |
| 2024-05-31 | $2.13B |
| 2024-02-29 | $2.20B |
| 2023-11-30 | $2.22B |
| 2023-08-31 | $2.27B |
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.