Franklin Louisiana Tax Free Income Adv (FLTZX)
| Fund Assets | 222.14M |
| Expense Ratio | 0.65% |
| Min. Investment | $1,000 |
| Turnover | 17.30% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.27% |
| Dividend Growth | 4.91% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 9.70 |
| YTD Return | -4.13% |
| 1-Year Return | -3.66% |
| 5-Year Return | -2.99% |
| 52-Week Low | 9.61 |
| 52-Week High | 10.40 |
| Beta (5Y) | n/a |
| Holdings | 106 |
| Inception Date | Sep 15, 2016 |
About FLTZX
Franklin Louisiana Tax-Free Income Fund Advisor Class is an open-end mutual fund specializing in municipal bonds issued within Louisiana. Its primary objective is to offer investors a high level of income that is exempt from both federal income tax and Louisiana state personal income tax. The fund maintains an investment policy that requires at least 80% of its assets to be held in securities whose interest is tax-free at the federal level, including exemption from the alternative minimum tax. By focusing on municipal bonds, the fund supports public projects and infrastructure within Louisiana, benefiting sectors such as education, transportation, and public utilities. It typically appeals to investors seeking regular, tax-advantaged income, as it distributes dividends on a monthly basis. The fund’s role in the financial market is to provide targeted state-based tax-exempt income, particularly for Louisiana residents or those with Louisiana tax considerations, while contributing to the efficient financing of local government initiatives and development projects.
Performance
FLTZX had a total return of -3.66% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.15%.
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 |
|---|---|---|
| Jul 31, 2025 | $0.02817 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02597 | Jun 30, 2025 |
| May 30, 2025 | $0.02854 | May 30, 2025 |
| Apr 30, 2025 | $0.02708 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02508 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02436 | Feb 28, 2025 |