Franklin Louisiana Tax Free Income A (FQLAX)
| Fund Assets | 222.14M |
| Expense Ratio | 0.90% |
| Min. Investment | $1,000 |
| Turnover | 17.30% |
| Dividend (ttm) | 0.27 |
| Dividend Yield | 2.65% |
| Dividend Growth | 4.91% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.70 |
| YTD Return | -3.72% |
| 1-Year Return | -3.14% |
| 5-Year Return | -3.34% |
| 52-Week Low | 9.61 |
| 52-Week High | 10.40 |
| Beta (5Y) | n/a |
| Holdings | 106 |
| Inception Date | Sep 10, 2018 |
About FQLAX
Franklin Louisiana Tax-Free Income Fund Class A is a municipal bond mutual fund that primarily aims to deliver a high level of income exempt from both federal income taxes and Louisiana state personal income taxes. The fund is specifically structured for investors seeking tax-advantaged income, with a strategy of investing at least 80% of its total assets in securities—predominantly municipal bonds—whose interest payments are free from federal income tax, including the federal alternative minimum tax, and from state taxes for Louisiana residents. This approach makes the fund particularly relevant for individuals subject to higher tax brackets or those living in Louisiana who wish to maximize after-tax income. The fund’s portfolio focuses on bonds issued by Louisiana municipalities and related governmental entities, thereby supporting local infrastructure, education, and public services. Within the broader marketplace, the fund serves as a specialized fixed income solution for investors seeking both geographic diversification and tax efficiency, while providing stable, tax-exempt income streams tied to the public sector in Louisiana.
Performance
FQLAX had a total return of -3.14% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.95%.
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 | $0.02691 | Aug 29, 2025 |
| Jul 31, 2025 | $0.0261 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02401 | Jun 30, 2025 |
| May 30, 2025 | $0.02638 | May 30, 2025 |
| Apr 30, 2025 | $0.02504 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02307 | Mar 31, 2025 |