Franklin Louisiana Tax Free Income Fund Class A (FQLAX)

Fund Assets	217.65M
Expense Ratio	0.90%
Min. Investment	$1,000
Turnover	17.30%
Dividend (ttm)	0.30
Dividend Yield	2.84%
Dividend Growth	5.55%
Payout Frequency	Monthly
Ex-Dividend Date	Jan 30, 2026

Previous Close	10.59
YTD Return	1.20%
1-Year Return	3.74%
5-Year Return	0.39%
52-Week Low	9.74
52-Week High	10.60
Beta (5Y)	n/a
Holdings	100
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.

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

Performance

FQLAX had a total return of 3.74% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.26%.

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%
FLAIX	Class C	1.29%

Dividend History

Ex-Dividend	Amount	Pay Date
Jan 30, 2026	$0.02576	Jan 30, 2026
Dec 31, 2025	$0.02715	Dec 31, 2025
Nov 28, 2025	$0.02327	Nov 28, 2025
Oct 31, 2025	$0.02738	Oct 31, 2025
Sep 30, 2025	$0.02403	Sep 30, 2025
Aug 29, 2025	$0.02691	Aug 29, 2025