Franklin Alabama Tax Free Income Fund Class C (FALEX)
| Fund Assets | 168.09M |
| Expense Ratio | 1.30% |
| Min. Investment | $1,000 |
| Turnover | 14.27% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 2.37% |
| Dividend Growth | 9.78% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.36 |
| YTD Return | 0.99% |
| 1-Year Return | 4.17% |
| 5-Year Return | -1.18% |
| 52-Week Low | 9.55 |
| 52-Week High | 10.37 |
| Beta (5Y) | n/a |
| Holdings | 103 |
| Inception Date | May 1, 1995 |
About FALEX
Franklin Alabama Tax-Free Income Fund Class C is a municipal bond mutual fund designed to provide investors with income that is exempt from both regular federal income taxes and Alabama state personal income taxes. The fund primarily invests at least 80% of its assets in securities issued by Alabama state and local governments, or their agencies, which fund a variety of public projects. This fund is especially relevant for investors seeking tax-advantaged income, particularly Alabama residents who benefit from state-level tax exemptions. The portfolio typically features bonds with longer durations, averaging maturities over 12 years, placing it in the muni single-state long category. Holdings often include a mix of municipal issuers such as universities, water works boards, cities, and public utilities within Alabama. The fund pays monthly dividends and has a focus on credit quality and diversification across local issuers. As of recent data, Franklin Alabama Tax-Free Income Fund Class C manages hundreds of millions in assets, with a dividend yield around 2.2% and a turnover ratio reflective of a moderately stable investment strategy. Its role in the financial market is to offer tax-efficient income while supporting the development of critical infrastructure and services in Alabama.
Performance
FALEX had a total return of 4.17% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.39%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.02144 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02252 | Dec 31, 2025 |
| Nov 28, 2025 | $0.01879 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02247 | Oct 31, 2025 |
| Sep 30, 2025 | $0.01976 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02192 | Aug 29, 2025 |