Franklin Louisiana Tax Free Income C (FLAIX)
| Fund Assets | 222.14M |
| Expense Ratio | 1.29% |
| Min. Investment | $1,000 |
| Turnover | 17.30% |
| Dividend (ttm) | 0.23 |
| Dividend Yield | 2.33% |
| Dividend Growth | 5.93% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.86 |
| YTD Return | -4.17% |
| 1-Year Return | -3.79% |
| 5-Year Return | -5.35% |
| 52-Week Low | 9.76 |
| 52-Week High | 10.56 |
| Beta (5Y) | n/a |
| Holdings | 106 |
| 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.
Performance
FLAIX had a total return of -3.79% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.98%.
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 | $0.02338 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02267 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0208 | Jun 30, 2025 |
| May 30, 2025 | $0.02281 | May 30, 2025 |
| Apr 30, 2025 | $0.02169 | Apr 30, 2025 |
| Mar 31, 2025 | $0.01975 | Mar 31, 2025 |