Franklin Alabama Tax Free Income Fund Class A (FALQX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
9.74
0.00 (0.00%)
Jul 25, 2025, 4:00 PM EDT
Fund Assets169.64M
Expense Ratio0.90%
Min. Investment$1,000
Turnover14.27%
Dividend (ttm)0.27
Dividend Yield2.70%
Dividend Growth7.67%
Payout FrequencyMonthly
Ex-Dividend DateJun 30, 2025
Previous Close9.74
YTD Return-3.61%
1-Year Return-2.91%
5-Year Return-4.48%
52-Week Low9.63
52-Week High10.39
Beta (5Y)n/a
Holdings94
Inception DateSep 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
Stock Exchange NASDAQ
Ticker Symbol FALQX
Share Class Class A
Index Bloomberg Municipal Bond TR

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.

SymbolProviderNameExpense Ratio
FSAZXFidelityFidelity Arizona Municipal Income Fund0.55%
FICNXFidelityFidelity Connecticut Municipal Income Fund0.46%
FMHTXFidelityFidelity Michigan Municipal Income Fund0.46%

Other Share Classes

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

SymbolShare ClassExpense Ratio
FALRXClass R60.62%
FALZXAdvisor Class0.65%
FRALXClass A10.75%
FALEXClass C1.30%

Top 10 Holdings

26.98% of assets
NameSymbolWeight
BIRMINGHAM ALA WTRWKS BRD WTR REV 5%AL.BIRWTR 5 01.01.20433.07%
JACKSONVILLE ALA ST UNIV REV 5%AL.JACHGR 5 12.01.20363.07%
UNIVERSITY ALA GEN FEE REV 5%AL.UALGEN 5 09.01.20482.99%
HUNTSVILLE ALA 5%AL.HUN 5 05.01.20382.91%
MADISON ALA WTR & WASTEWTR BRD WTR & SWR REV 5%AL.MADUTL 5 12.01.20412.76%
JEFFERSON CNTY ALA SWR REV 5.5%AL.JEFUTL 5.5 10.01.20532.74%
JACKSONVILLE ALA ST UNIV REV 4%AL.JACHGR 4 12.01.20502.49%
TUSCALOOSA ALA 4%AL.TUS 4 10.01.20502.40%
SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 4%AL.SEEPWR 11.01.20512.38%
PELL CITY ALA SPL CARE FACS FING AUTH REV 4%AL.PELMED 4 12.01.20392.16%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Jun 30, 2025$0.02271Jun 30, 2025
May 30, 2025$0.02525May 30, 2025
Apr 30, 2025$0.02359Apr 30, 2025
Mar 31, 2025$0.02192Mar 31, 2025
Feb 28, 2025$0.02103Feb 28, 2025
Jan 31, 2025$0.02418Jan 31, 2025
Full Dividend History