Franklin Alabama Tax Free Income Fund Class C (FALEX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
9.91
0.00 (0.00%)
Jun 3, 2025, 4:00 PM EDT
-2.56%
Fund Assets 195.26M
Expense Ratio 1.30%
Min. Investment $1,000
Turnover n/a
Dividend (ttm) 0.23
Dividend Yield 2.31%
Dividend Growth 6.93%
Payout Frequency Monthly
Ex-Dividend Date May 30, 2025
Previous Close 9.91
YTD Return -2.88%
1-Year Return -0.22%
5-Year Return -4.12%
52-Week Low 9.75
52-Week High 10.52
Beta (5Y) n/a
Holdings 92
Inception Date May 1, 1995

About FALEX

The Franklin Alabama Tax Free Income Fund Class C (FALEX) seeks to provide a high level of income exempt from federal income taxes and Alabama personal income taxes. Under normal market and economic conditions, the Fund invests at least 80% of its total assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax.

Fund Family Franklin C1
Category Muni Single State Long
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol FALEX
Share Class Class C
Index Bloomberg Municipal Bond TR

Performance

FALEX had a total return of -0.22% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.02%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol Provider Name Expense Ratio
FSAZX Fidelity Fidelity Arizona Municipal Income Fund 0.55%
FICNX Fidelity Fidelity Connecticut Municipal Income Fund 0.46%
FMHTX Fidelity Fidelity Michigan Municipal Income Fund 0.46%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol Share Class Expense Ratio
FALRX Class R6 0.62%
FALZX Advisor Class 0.65%
FRALX Class A1 0.75%
FALQX Class A 0.90%

Top 10 Holdings

27.82% of assets
Name Symbol Weight
JACKSONVILLE ALA ST UNIV REV 5% AL.JACHGR 5 12.01.2036 3.06%
BIRMINGHAM ALA WTRWKS BRD WTR REV 5% AL.BIRWTR 5 01.01.2043 3.06%
UAB MEDICINE FIN AUTH ALA REV 5% AL.UABGEN 5 09.01.2029 3.01%
UNIVERSITY ALA GEN FEE REV 5% AL.UALGEN 5 09.01.2048 3.00%
HUNTSVILLE ALA 5% AL.HUN 5 05.01.2038 2.90%
MADISON ALA WTR & WASTEWTR BRD WTR & SWR REV 5% AL.MADUTL 5 12.01.2041 2.75%
JEFFERSON CNTY ALA SWR REV 5.5% AL.JEFUTL 5.5 10.01.2053 2.73%
JACKSONVILLE ALA ST UNIV REV 4% AL.JACHGR 4 12.01.2050 2.51%
TUSCALOOSA ALA 4% AL.TUS 4 10.01.2050 2.45%
SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 4% AL.SEEPWR 11.01.2051 2.35%
View More Holdings

Dividend History

Ex-Dividend Amount Pay Date
May 30, 2025 $0.02169 May 30, 2025
Apr 30, 2025 $0.02027 Apr 30, 2025
Mar 31, 2025 $0.01864 Mar 31, 2025
Feb 28, 2025 $0.01782 Feb 28, 2025
Jan 31, 2025 $0.02054 Jan 31, 2025
Dec 31, 2024 $0.01896 Dec 31, 2024
Full Dividend History