Franklin Louisiana Tax Free Income Fund Class A1 (FKLAX)

Fund Assets	204.86M
Expense Ratio	0.75%
Min. Investment	$1,000
Turnover	13.78%
Dividend (ttm)	0.33
Dividend Yield	3.28%
Dividend Growth	6.13%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.97
YTD Return	0.49%
1-Year Return	6.17%
5-Year Return	1.29%
52-Week Low	9.68
52-Week High	10.24
Beta (5Y)	0.29
Holdings	99
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.

• Fund Family: Franklin Templeton Investments
• Category: Muni Single State Long
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: FKLAX
• Share Class: Class A1
• Index: Bloomberg Municipal Bond TR

Performance

FKLAX had a total return of 6.17% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.89%.

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
FLAQX	Class R6	0.62%
FLTZX	Advisor Class	0.65%
FQLAX	Class A	0.90%
FLAIX	Class C	1.30%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.02959	Jul 31, 2026
Jun 30, 2026	$0.02682	Jun 30, 2026
May 29, 2026	$0.02753	May 29, 2026
Apr 30, 2026	$0.02691	Apr 30, 2026
Mar 31, 2026	$0.02782	Mar 31, 2026
Feb 27, 2026	$0.02568	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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