Mutual Fund Insights: Franklin AZ Tax-Free Income C Fund (FAZIX)

In-depth Analysis of Franklin AZ Tax-Free Income C Fund (FAZIX)

3 months 6 months 1 year 3 year 5 year

See Franklin AZ Tax-Free Income C Fund (FAZIX) performance details as of February 28, 2010

  

Last Trade: $10.92 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Carrie Higgins

Fund Manager Tenure: 17.9 years
Fundmojo Fund Grade: B (Score: 0.62)     (What does this score mean?)

Carrie Higgins has been an analyst or portfolio manager of the fund since 2004. Carrie Higgins joined Franklin Templeton Investments in 1990. Carrie Higgins is a member of the National Federation of Municipal Analysts, California Society of Municipal Analysts and the San Francisco Municipal Bond Club.  Get more insights on Carrie Higgins

  

 What we like about Franklin AZ Tax-Free Income C Fund (FAZIX)

Data for Franklin AZ Tax-Free Income C Fund (FAZIX) as of February 28, 2010

• Franklin AZ Tax-Free Income C Fund (FAZIX) management has been with Franklin AZ Tax-Free Income C Fund for 17.9 years
• Franklin AZ Tax-Free Income C Fund (FAZIX) has good mid-term performance (3-year return 2.83% vs 2.40 % Muni Single State Long category average)
• Franklin AZ Tax-Free Income C Fund (FAZIX) ratio of up-years vs down years is greater than 2
• Franklin AZ Tax-Free Income C Fund (FAZIX) is less volatile than its peers as it has a 3-year Standard Deviation of 6.9, lower than category average of 7.98

  

 What we are cautious about Franklin AZ Tax-Free Income C Fund (FAZIX)

Data for Franklin AZ Tax-Free Income C Fund (FAZIX) as of February 28, 2010

• Franklin AZ Tax-Free Income C Fund (FAZIX) has a less-than-ideal short-term performance (1-year return 10.31% vs 13.50 % Muni Single State Long category average)
• Franklin AZ Tax-Free Income C Fund (FAZIX) has a less-than-ideal Long-term performance (5-year return 3.14% vs 3.41 % Muni Single State Long category average)
• Franklin AZ Tax-Free Income C Fund (FAZIX) has a Morningstar rating of 3 and below
• Franklin AZ Tax-Free Income C Fund (FAZIX) has an annual stock turnover rate of 21.01% that is higher than the Muni Single State Long average of 19.68%. This could mean Franklin AZ Tax-Free Income C is more nimble, but also signal potential high tax impact and high trading fees
• Franklin AZ Tax-Free Income C Fund (FAZIX) has a higher management fee of 1.17% than its Muni Single State Long average of 1.03%
• Franklin AZ Tax-Free Income C Fund (FAZIX) carries a 1% load

See Franklin AZ Tax-Free Income C Fund (FAZIX) performance details as of February 28, 2010

  

  

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Franklin AZ Tax-Free Income C Fund (FAZIX) Net Asset

Track net asset change of Franklin AZ Tax-Free Income C fund (FAZIX)

Date	Net Asset
02/2010	$1.11B
01/2010	$108.51M
11/2009	$105.64M

More historic net asset information on Franklin AZ Tax-Free Income C Fund (FAZIX)

  

Franklin AZ Tax-Free Income C Fund (FAZIX) Portfolio Allocation

Track portfolio allocation change of Franklin AZ Tax-Free Income C fund (FAZIX)

Date	Cash	Stock	Bond	Other
09/2009	1.7%	0%	98.3%	0%
06/2009	0.36%	0%	99.64%	0%
03/2009	1.6%	0%	98.4%	0%

Click here to see more historic asset allocation information on Franklin AZ Tax-Free Income C Fund (FAZIX)

  

Most Recent Top 10 Holdings in Franklin AZ Tax-Free Income C Fund (FAZIX)

Discover what Franklin AZ Tax-Free Income C Fund (FAZIX) manager is buying

30-Sep-09 Puerto Rico Pub Bldgs Auth 5.375% [4.06%] Salt River Proj Ariz Agric Imp Rev Bd 5% [2.36%] Maricopa Cnty Ariz Indl Dev Au Rev Bd 5% [2.33%] Gilbert Ariz Wtr Res Mun Ppty Sub Lie 5% [2.31%] Phoenix Ariz Civic Impt Corp W Jr Lie 6% [2.29%] Puerto Rico Pub Bldgs Auth 5.375% [2.12%] Phoenix Ariz Indl Dev Auth 5.5% [2.06%] Downtown Phoenix Hotel Corp Ar Rev Bd 5% [1.85%] Puerto Rico Comwlth Hwy & Tran Hwy Re 6% [1.78%] Downtown Phoenix Hotel Corp Ar Rev Bd 5% [1.67%]

30-Jun-09 Puerto Rico Pub Bldgs Auth 5.375% [4.31%] Phoenix Ariz Civic Impt Corp W Jr Lie 6% [2.51%] SALT RIVER PROJ ARIZ AGRIC IMP REV BDS [2.37%] Gilbert Ariz Wtr Res Mun Ppty Sub Lie 5% [2.36%] Maricopa Cnty Ariz Indl Dev Au Rev Bd 5% [2.34%] Puerto Rico Pub Bldgs Auth 5.375% [2.3%] Phoenix Ariz Indl Dev Auth 5.5% [2.25%] Puerto Rico Comwlth Hwy & Tran Hwy Re 6% [1.95%] Downtown Phoenix Hotel Corp Ar Rev Bd 5% [1.78%] Downtown Phoenix Hotel Corp Ar Rev Bd 5% [1.63%]

31-Mar-09 Puerto Rico Pub Bldgs Auth 5.375% [4.47%] PHOENIX ARIZ CIVIC IMPT [2.63%] Puerto Rico Pub Bldgs Auth 5.375% [2.39%] Gilbert Ariz Wtr Res Mun Ppty Sub Lie 5% [2.37%] Salt River Proj Ariz Agric Impt & Pwr Di [2.36%] Phoenix Ariz Indl Dev Auth 5.5% [2.35%] Maricopa Cnty Ariz Indl Dev Au Rev Bd 5% [2.26%] Puerto Rico Comwlth Hwy & Tran Hwy Re 6% [2.04%] DOWNTOWN PHOENIX HOTEL CORP AR REV BDS [1.79%] Scottsdale Ariz Indl Dev Auth 5.8% [1.65%]

Click here for Stock Holding Change Map in Franklin AZ Tax-Free Income C Fund (FAZIX)

  

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See more information on Franklin AZ Tax-Free Income C Fund (FAZIX)

• Franklin AZ Tax-Free Income C Fund Insights
• Franklin AZ Tax-Free Income C Fund Performance Data
• Franklin AZ Tax-Free Income C Fund News
• Franklin AZ Tax-Free Income C Fund Score Explaination
• Franklin AZ Tax-Free Income C Fund Manager Information
• Historic Franklin AZ Tax-Free Income C Fund Asset Allocation Report
• Historic Franklin AZ Tax-Free Income C Fund Top 10 Holding Tracking
• Historic Franklin AZ Tax-Free Income C Fund Asset Under Management Tracking