Franklin Alabama Tax Free Income Fund Class A (FALQX)

Fund Assets	168.09M
Expense Ratio	0.90%
Min. Investment	$1,000
Turnover	14.27%
Dividend (ttm)	0.29
Dividend Yield	2.69%
Dividend Growth	7.77%
Payout Frequency	Monthly
Ex-Dividend Date	Jan 30, 2026

Previous Close	10.63
YTD Return	1.00%
1-Year Return	4.47%
5-Year Return	0.55%
52-Week Low	9.78
52-Week High	10.64
Beta (5Y)	n/a
Holdings	103
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.

• Fund Family: Franklin Templeton Investments
• Category: Muni Single State Long
• Performance Rating: Below Average
• Risk Rating: High
• Stock Exchange: NASDAQ
• Ticker Symbol: FALQX
• Share Class: Class A
• Index: Bloomberg Municipal Bond TR

Performance

FALQX had a total return of 4.47% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.15%.

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%
FALEX	Class C	1.30%

Dividend History

Ex-Dividend	Amount	Pay Date
Jan 30, 2026	$0.02497	Jan 30, 2026
Dec 31, 2025	$0.02617	Dec 31, 2025
Nov 28, 2025	$0.02198	Nov 28, 2025
Oct 31, 2025	$0.02624	Oct 31, 2025
Sep 30, 2025	$0.02303	Sep 30, 2025
Aug 29, 2025	$0.02543	Aug 29, 2025