Franklin Alabama Tax Free Income Fund Class A (FALQX)
| Fund Assets | 169.64M |
| Expense Ratio | 0.90% |
| Min. Investment | $1,000 |
| Turnover | 14.27% |
| Dividend (ttm) | 0.27 |
| Dividend Yield | 2.70% |
| Dividend Growth | 7.67% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 9.74 |
| YTD Return | -3.61% |
| 1-Year Return | -2.91% |
| 5-Year Return | -4.48% |
| 52-Week Low | 9.63 |
| 52-Week High | 10.39 |
| Beta (5Y) | n/a |
| Holdings | 94 |
| Inception Date | Sep 10, 2018 |
About FALQX
Franklin Alabama Tax-Free Income Fund Class A is a municipal bond mutual fund focused on delivering federally tax-exempt income, with an emphasis on serving residents of Alabama. Its primary objective is to provide shareholders with a high level of income that is exempt from federal income taxes, and, for Alabama residents, also free from state tax liabilities. The fund invests at least 80% of its total assets in municipal securities whose interest is not subject to federal income tax, including the alternative minimum tax, and typically focuses on bonds issued by state and local governments within Alabama. This single-state approach benefits investors seeking tax-advantaged income and exposure to Alabama’s public sector infrastructure financing, such as utilities, universities, and government projects. Suitable for those with a long-term horizon, the fund carries moderate interest-rate sensitivity and is backed by an experienced management team. Its holdings predominantly support essential public services, making it a relevant tool for individuals aiming to support local development while mitigating tax exposure through municipal debt instruments.
Performance
FALQX had a total return of -2.91% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.80%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
26.98% of assets| Name | Symbol | Weight |
|---|---|---|
| BIRMINGHAM ALA WTRWKS BRD WTR REV 5% | AL.BIRWTR 5 01.01.2043 | 3.07% |
| JACKSONVILLE ALA ST UNIV REV 5% | AL.JACHGR 5 12.01.2036 | 3.07% |
| UNIVERSITY ALA GEN FEE REV 5% | AL.UALGEN 5 09.01.2048 | 2.99% |
| HUNTSVILLE ALA 5% | AL.HUN 5 05.01.2038 | 2.91% |
| MADISON ALA WTR & WASTEWTR BRD WTR & SWR REV 5% | AL.MADUTL 5 12.01.2041 | 2.76% |
| JEFFERSON CNTY ALA SWR REV 5.5% | AL.JEFUTL 5.5 10.01.2053 | 2.74% |
| JACKSONVILLE ALA ST UNIV REV 4% | AL.JACHGR 4 12.01.2050 | 2.49% |
| TUSCALOOSA ALA 4% | AL.TUS 4 10.01.2050 | 2.40% |
| SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 4% | AL.SEEPWR 11.01.2051 | 2.38% |
| PELL CITY ALA SPL CARE FACS FING AUTH REV 4% | AL.PELMED 4 12.01.2039 | 2.16% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.02271 | Jun 30, 2025 |
| May 30, 2025 | $0.02525 | May 30, 2025 |
| Apr 30, 2025 | $0.02359 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02192 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02103 | Feb 28, 2025 |
| Jan 31, 2025 | $0.02418 | Jan 31, 2025 |