The Franklin Federal Tax Free Income Fund Advisor Class (ticker: FAFTX) is a mutual fund that primarily invests in fixed-income securities issued by federal government entities. This fund aims to provide investors with a steady stream of tax-free income while also preserving capital. As an advisor class fund, it is designed for investors who work with a financial advisor and may have a higher minimum investment requirement. This fund may be suitable for investors seeking tax-free income and a conservative investment approach.