Franklin Alabama Tax Free Income Fund Class A1 (FRALX)
| Fund Assets | 169.38M |
| Expense Ratio | 0.75% |
| Min. Investment | $1,000 |
| Turnover | 15.17% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 2.94% |
| Dividend Growth | 8.53% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 10.20 |
| YTD Return | 2.06% |
| 1-Year Return | 6.81% |
| 5-Year Return | 2.80% |
| 52-Week Low | 9.70 |
| 52-Week High | 10.30 |
| Beta (5Y) | 0.32 |
| Holdings | 104 |
| Inception Date | Sep 1, 1987 |
About FRALX
Franklin Alabama Tax-Free Income Fund Class A1 is a single-state municipal bond mutual fund focused on delivering a high level of income exempt from regular federal income taxes and Alabama personal income taxes. The fund primarily invests in investment-grade bonds issued by Alabama state and local governments and related authorities to finance public projects, aligning with the Muni Single State Long category that typically holds longer-duration portfolios. Its mandate emphasizes maintaining at least 80% of assets in securities whose interest is federally tax-exempt, including from the alternative minimum tax. The portfolio’s exposures span essential-service and public-institution issuers such as water and sewer systems, universities, healthcare, and local government revenue bonds, reflecting the state’s infrastructure and public finance needs. This fund serves investors seeking state-specific tax efficiency and municipal bond diversification within Alabama, balancing credit quality considerations with interest rate sensitivity characteristic of longer-duration muni strategies.
Performance
FRALX had a total return of 6.81% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.44%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.02638 | Jun 30, 2026 |
| May 29, 2026 | $0.02619 | May 29, 2026 |
| Apr 30, 2026 | $0.02672 | Apr 30, 2026 |
| Mar 31, 2026 | $0.028 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02422 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02627 | Jan 30, 2026 |