Franklin Alabama Tax Free Income Fund Class A (FALQX)

Fund Assets	166.84M
Expense Ratio	0.90%
Min. Investment	$1,000
Turnover	15.17%
Dividend (ttm)	0.30
Dividend Yield	3.01%
Dividend Growth	9.54%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	10.02
YTD Return	0.37%
1-Year Return	5.22%
5-Year Return	-1.12%
52-Week Low	9.80
52-Week High	10.31
Beta (5Y)	n/a
Holdings	107
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 5.22% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.58%.

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
Jul 31, 2026	$0.02808	Jul 31, 2026
Jun 30, 2026	$0.02512	Jun 30, 2026
May 29, 2026	$0.02491	May 29, 2026
Apr 30, 2026	$0.02547	Apr 30, 2026
Mar 31, 2026	$0.02675	Mar 31, 2026
Feb 27, 2026	$0.02304	Feb 27, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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