Franklin Louisiana Tax Free Income Fund Class C (FLAIX)

Fund Assets	217.65M
Expense Ratio	1.29%
Min. Investment	$1,000
Turnover	17.30%
Dividend (ttm)	0.26
Dividend Yield	2.51%
Dividend Growth	7.07%
Payout Frequency	Monthly
Ex-Dividend Date	Jan 30, 2026

Previous Close	10.35
YTD Return	1.09%
1-Year Return	3.21%
5-Year Return	-1.45%
52-Week Low	9.56
52-Week High	10.36
Beta (5Y)	n/a
Holdings	100
Inception Date	May 1, 1995

About FLAIX

Franklin Louisiana Tax‑Free Income Fund Class C is a municipal bond mutual fund focused on generating income that is exempt from regular federal income taxes and Louisiana state personal income taxes. According to the sponsor, it normally invests primarily in investment‑grade municipal securities issued by Louisiana state and local entities, financing public projects such as hospitals, utilities, and local government infrastructure. The fund is managed with a single‑state mandate and falls within the muni single‑state long category, typically emphasizing longer durations and maturities to pursue higher tax‑free income streams. Portfolio metrics and third‑party research characterize it as diversified, with more than 100 holdings, moderate turnover, and an effective duration around the intermediate‑to‑long range, aligning with its long‑term income objective. Within the Louisiana municipal market, the fund serves investors seeking state‑specific tax efficiency and exposure to the region’s public‑finance ecosystem, linking capital to essential services and infrastructure while providing a specialized role in the broader tax‑exempt fixed‑income market.

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

Performance

FLAIX had a total return of 3.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.52%.

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%
FKLAX	Class A1	0.75%
FQLAX	Class A	0.90%

Dividend History

Ex-Dividend	Amount	Pay Date
Jan 30, 2026	$0.02217	Jan 30, 2026
Dec 31, 2025	$0.0235	Dec 31, 2025
Nov 28, 2025	$0.02007	Nov 28, 2025
Oct 31, 2025	$0.02364	Oct 31, 2025
Sep 30, 2025	$0.02075	Sep 30, 2025
Aug 29, 2025	$0.02338	Aug 29, 2025