Franklin Alabama Tax Free Income Fund Class R6 (FALRX)
| Fund Assets | 168.09M |
| Expense Ratio | 0.62% |
| Min. Investment | $1,000,000 |
| Turnover | 14.27% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.08% |
| Dividend Growth | 6.96% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.22 |
| YTD Return | 0.96% |
| 1-Year Return | 4.84% |
| 5-Year Return | 2.47% |
| 52-Week Low | 9.37 |
| 52-Week High | 10.23 |
| Beta (5Y) | n/a |
| Holdings | 103 |
| Inception Date | Aug 1, 2017 |
About FALRX
Franklin Alabama Tax-Free Income Fund Class R6 is a municipal bond mutual fund designed to provide investors with a high level of income that is exempt from both federal and Alabama state personal income taxes. The fund primarily invests at least 80% of its assets in municipal securities issued by the state of Alabama and its municipalities, focusing on bonds whose interest payments are tax-free for Alabama residents. It maintains a diversified portfolio across various sectors and maturities within the state, targeting issuers such as utilities, educational institutions, and government agencies. This fund plays a significant role for investors seeking tax-advantaged income specifically tailored to Alabama residents, supporting the financing of local infrastructure and public projects while offering income-focused solutions within a single-state municipal bond strategy.
Performance
FALRX had a total return of 4.84% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.78%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.0274 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02867 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02417 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02882 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02533 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02777 | Aug 29, 2025 |