Franklin Louisiana Tax Free Income R6 (FLAQX)
| Fund Assets | 222.14M |
| Expense Ratio | 0.62% |
| Min. Investment | $1,000,000 |
| Turnover | 17.30% |
| Dividend (ttm) | 0.29 |
| Dividend Yield | 3.01% |
| Dividend Growth | 4.07% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.70 |
| YTD Return | -3.63% |
| 1-Year Return | -2.91% |
| 5-Year Return | -2.03% |
| 52-Week Low | 9.60 |
| 52-Week High | 10.39 |
| Beta (5Y) | n/a |
| Holdings | 106 |
| Inception Date | Aug 1, 2017 |
About FLAQX
Franklin Louisiana Tax-Free Income Fund Class R6 is a municipal bond fund designed to offer investors a high level of income that is exempt from both federal income taxes and Louisiana state personal income taxes. The fund primarily invests in tax-exempt municipal securities issued by local governments and agencies within Louisiana, allocating at least 80% of its assets to these securities to ensure favorable tax treatment under federal law, including the alternative minimum tax. By targeting investment-grade bond issuers, the fund helps support vital public projects in sectors such as infrastructure, education, and healthcare across Louisiana. Managed by Franklin Advisers, Inc., this fund seeks to deliver competitive tax-advantaged income for investors who are subject to higher tax rates or who reside in Louisiana. Its strategic focus on local municipal bonds provides an opportunity for both diversification and stability within a fixed income portfolio, and it plays a critical role in connecting investor capital with public sector funding needs in the state.
Performance
FLAQX had a total return of -2.91% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.11%.
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 | $0.02929 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02842 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0262 | Jun 30, 2025 |
| May 30, 2025 | $0.0288 | May 30, 2025 |
| Apr 30, 2025 | $0.02732 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02532 | Mar 31, 2025 |