Franklin Louisiana Tax Free Income A1 (FKLAX)
| Fund Assets | 222.14M |
| Expense Ratio | 0.75% |
| Min. Investment | $1,000 |
| Turnover | 17.30% |
| Dividend (ttm) | 0.28 |
| Dividend Yield | 2.79% |
| Dividend Growth | 4.62% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.70 |
| YTD Return | -3.77% |
| 1-Year Return | -3.11% |
| 5-Year Return | -2.47% |
| 52-Week Low | 9.60 |
| 52-Week High | 10.39 |
| Beta (5Y) | 0.27 |
| Holdings | 106 |
| Inception Date | Sep 1, 1987 |
About FKLAX
Franklin Louisiana Tax‑Free Income Fund Class A1 is a municipal bond mutual fund focused on delivering income that is exempt from regular federal income taxes and Louisiana state personal income taxes. It primarily invests in debt issued by Louisiana state and local governments and related agencies to finance public projects such as infrastructure, education, and utilities, aligning with the single‑state muni long category’s emphasis on longer‑duration bonds. The strategy targets a high level of tax‑advantaged income by maintaining at least a substantial majority of assets in securities generating federally tax‑exempt interest, with an orientation that may include bonds across credit tiers within the state’s municipal market. The fund is overseen by an experienced management team and is designed for investors seeking state‑specific tax efficiency and exposure to Louisiana’s municipal credit dynamics. Class A1 shares are available only to existing Class A1 shareholders, while new investors may access the strategy through a related share class. Its role in the market is to provide access to diversified Louisiana municipal bond exposure with the potential for steady, tax‑exempt income generation.
Performance
FKLAX had a total return of -3.11% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.76%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
25.61% of assets| Name | Symbol | Weight |
|---|---|---|
| LOUISIANA PUB FACS AUTH HOSP REV 5% | LA.LASMED 5 06.01.2045 | 3.46% |
| LOUISIANA PUB FACS AUTH LEASE REV 5% | LA.LASFAC 5 07.01.2046 | 2.79% |
| NEW ORLEANS LA 5% | LA.NEW 5 12.01.2039 | 2.79% |
| LOUISIANA PUB FACS AUTH REV 5% | LA.LASFAC 5 05.15.2042 | 2.56% |
| ST TAMMANY PARISH LA HOSP SVC DIST NO 1 HOSP REV 5% | LA.STTMED 5 07.01.2048 | 2.42% |
| LOUISIANA ST GAS & FUELS TAX REV 4% | LA.LASGEN 4 05.01.2044 | 2.42% |
| LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV 5% | LA.LASFAC 5 10.01.2041 | 2.37% |
| LOUISIANA PUB FACS AUTH REV 5.75% | LA.LASFAC 5.75 09.01.2064 | 2.33% |
| LOUISIANA PUB FACS AUTH HOSP REV 5% | LA.LASMED 5 07.01.2035 | 2.24% |
| SHREVEPORT LA 5% | LA.SHR 5 03.01.2054 | 2.23% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02819 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02734 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02519 | Jun 30, 2025 |
| May 30, 2025 | $0.02768 | May 30, 2025 |
| Apr 30, 2025 | $0.02626 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02428 | Mar 31, 2025 |