Franklin Alabama Tax Free Income Fund Class A (FALQX)

Fund Assets	195.26M
Expense Ratio	0.90%
Min. Investment	$1,000
Turnover	n/a
Dividend (ttm)	0.27
Dividend Yield	2.62%
Dividend Growth	6.31%
Payout Frequency	Monthly
Ex-Dividend Date	Apr 30, 2025

Previous Close	9.89
YTD Return	-2.13%
1-Year Return	-0.31%
5-Year Return	-0.76%
52-Week Low	n/a
52-Week High	n/a
Beta (5Y)	n/a
Holdings	92
Inception Date	Sep 10, 2018

About FALQX

The Franklin Alabama Tax Free Income Fund Class A (FALQX) 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.

• Category: Muni Single State Long
• Performance Rating: Average
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: FALQX
• Share Class: Class A
• Index: Bloomberg Municipal Bond TR

Performance

FALQX had a total return of -0.31% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.06%.

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%

Top 10 Holdings

27.54% of assets

Name	Symbol	Weight
JACKSONVILLE ALA ST UNIV REV 5%	AL JACHGR 5 12.01.2036	3.02%
BIRMINGHAM ALA WTRWKS BRD WTR REV 5%	AL BIRWTR 5 01.01.2043	3.01%
UAB MEDICINE FIN AUTH ALA REV 5%	AL UABGEN 5 09.01.2029	2.93%
UNIVERSITY ALA GEN FEE REV 5%	AL UALGEN 5 09.01.2048	2.93%
HUNTSVILLE ALA 5%	AL HUN 5 05.01.2038	2.88%
JEFFERSON CNTY ALA SWR REV 5.25%	AL JEFUTL 5.25 10.01.2049	2.72%
MADISON ALA WTR & WASTEWTR BRD WTR & SWR REV 5%	AL MADUTL 5 12.01.2041	2.71%
JACKSONVILLE ALA ST UNIV REV 4%	AL JACHGR 4 12.01.2050	2.57%
TUSCALOOSA ALA 4%	AL TUS 4 10.01.2050	2.45%
SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 4%	AL SEEPWR 11.01.2051	2.33%

Dividend History

Ex-Dividend	Amount	Pay Date
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
Dec 31, 2024	$0.02256	Dec 31, 2024
Nov 29, 2024	$0.02276	Nov 29, 2024