Franklin Federal Tax-Free Income Fund Advisor Class (FAFTX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FAFTX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FAFTX
FAFTX charges 0.52% annually. There are 169 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | FAFTX vs LSMSX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | FAFTX vs FHMIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | FAFTX vs VTMFX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | FAFTX vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | FAFTX vs FSMUX |
Best Risk-Adjusted Alternatives to FAFTX
FAFTX has a PortfoliosLab risk / return rank of 79. There are 175 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | FAFTX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | FAFTX vs ATOIX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | FAFTX vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | FAFTX vs DFCMX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | FAFTX vs TFCYX |
Top Performing FAFTX Alternatives (YTD)
FAFTX is at 2.33% YTD. There are 70 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 13.22%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 13.22% | — | Apr 1998 | FAFTX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 9.39% | — | Nov 2002 | FAFTX vs NRK | |
| AllianceBernstein National Municipal Income Fund | 8.29% | — | Nov 2001 | FAFTX vs AFB | |
| Nuveen Virginia Quality Municipal Income Fund | 6.80% | — | Mar 1993 | FAFTX vs NPV | |
| BlackRock MuniYield Michigan Quality Fund | 6.74% | — | Oct 1992 | FAFTX vs MIY |
Lowest Volatility Alternatives to FAFTX
FAFTX has 3.20% 1-year volatility. There are 392 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | FAFTX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.58% | — | Apr 2007 | FAFTX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | FAFTX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.60% | — | Aug 2002 | FAFTX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.61% | — | May 2016 | FAFTX vs USMTX |
Lowest Drawdown Alternatives to FAFTX
FAFTX has a 1-year max drawdown of -3.10%. There are 371 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | FAFTX vs BATVX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | FAFTX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | FAFTX vs FHMIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | FAFTX vs APUSX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | FAFTX vs ATOIX |
Other Mutual Funds from Franklin Templeton
The 10 most viewed Franklin Templeton mutual funds shown here include FKDNX, FKRCX, FKINX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Franklin DynaTech Fund | Large Cap Growth Equities, Technology Equities | 14 | 6.36% | — | Jan 1968 | FAFTX vs FKDNX | |
| Franklin Gold and Precious Metals Fund | Gold, Precious Metals | 28 | -11.18% | — | May 1969 | FAFTX vs FKRCX | |
| Franklin Income Fund Class A1 | Diversified Portfolio | 84 | 4.75% | — | — | FAFTX vs FKINX | |
| Franklin Growth Fund | Large Cap Growth Equities | 19 | 3.38% | — | Apr 1948 | FAFTX vs FKGRX | |
| ClearBridge Energy Midstream Opportunity Fund | MLPs, Energy Equities | 24 | 15.55% | — | Jun 2011 | FAFTX vs EMO | |
| Franklin Rising Dividends Fund | Large Cap Blend Equities | 26 | 4.48% | — | Jan 1987 | FAFTX vs FRDPX | |
| ClearBridge Large Cap Growth Fund | Large Cap Growth Equities | 5 | -0.42% | — | Aug 1997 | FAFTX vs SBLGX | |
| ClearBridge Aggressive Growth Fund | Large Cap Blend Equities | 6 | 0.99% | — | Oct 1983 | FAFTX vs SHRAX | |
| Franklin Income Fund Advisor Class | Diversified Portfolio | 89 | 4.88% | — | Aug 1997 | FAFTX vs FRIAX | |
| ClearBridge Appreciation Fund | Large Cap Blend Equities | 24 | 3.11% | — | Mar 1970 | FAFTX vs SHAPX |
Often Compared With FAFTX
Investors most often compare FAFTX with LCCMX, GABEX, FGNSX. These 12 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare FAFTX with Any Fund or Stock
Compare FAFTX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FAFTX with funds that move differently
Franklin Federal Tax-Free Income Fund Advisor Class alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FAFTX.
Explore FAFTX Diversifiers