Franklin Alabama Tax Free Income Fund Advisor Class (FALZX)

Fund Assets	243.72M
Expense Ratio	0.65%
Min. Investment	$1,000
Turnover	n/a
Dividend (ttm)	0.30
Dividend Yield	3.06%
Dividend Growth	7.15%
Payout Frequency	Monthly
Ex-Dividend Date	Jun 30, 2025

Previous Close	9.73
YTD Return	-3.11%
1-Year Return	-1.81%
5-Year Return	-2.46%
52-Week Low	9.62
52-Week High	10.38
Beta (5Y)	n/a
Holdings	94
Inception Date	Sep 15, 2016

About FALZX

The Franklin Alabama Tax Free Income Fund Advisor Class (FALZX) 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
• Stock Exchange: NASDAQ
• Ticker Symbol: FALZX
• Share Class: Advisor Class
• Index: Bloomberg Municipal Bond TR

Performance

FALZX had a total return of -1.81% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.27%.

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%
FRALX	Class A1	0.75%
FALQX	Class A	0.90%
FALEX	Class C	1.30%

Top 10 Holdings

26.98% of assets

Name	Symbol	Weight
BIRMINGHAM ALA WTRWKS BRD WTR REV 5%	AL.BIRWTR 5 01.01.2043	3.07%
JACKSONVILLE ALA ST UNIV REV 5%	AL.JACHGR 5 12.01.2036	3.07%
UNIVERSITY ALA GEN FEE REV 5%	AL.UALGEN 5 09.01.2048	2.99%
HUNTSVILLE ALA 5%	AL.HUN 5 05.01.2038	2.91%
MADISON ALA WTR & WASTEWTR BRD WTR & SWR REV 5%	AL.MADUTL 5 12.01.2041	2.76%
JEFFERSON CNTY ALA SWR REV 5.5%	AL.JEFUTL 5.5 10.01.2053	2.74%
JACKSONVILLE ALA ST UNIV REV 4%	AL.JACHGR 4 12.01.2050	2.49%
TUSCALOOSA ALA 4%	AL.TUS 4 10.01.2050	2.40%
SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 4%	AL.SEEPWR 11.01.2051	2.38%
PELL CITY ALA SPL CARE FACS FING AUTH REV 4%	AL.PELMED 4 12.01.2039	2.16%

Dividend History

Ex-Dividend	Amount	Pay Date
Jun 30, 2025	$0.02466	Jun 30, 2025
May 30, 2025	$0.02741	May 30, 2025
Apr 30, 2025	$0.02562	Apr 30, 2025
Mar 31, 2025	$0.02392	Mar 31, 2025
Feb 28, 2025	$0.02298	Feb 28, 2025
Jan 31, 2025	$0.02639	Jan 31, 2025