FALEX — Franklin Alabama Tax-Free Income Fund
Data updated: 2026-07-27
FALEX — Franklin Alabama Tax-Free Income Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $166.77M AUM · 1.30% expense ratio · 3.5% 1-yr return. From SEC regulatory filings.
FALEX Fund Overview
FALEX — Franklin Alabama Tax-Free Income Fund is a US mutual fund managed by Franklin Tax Free Trust, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Franklin Tax Free Trust
- Category: Long Municipal - National Bond
- Assets under management: $166.77M
- 1-year return: 3.5%
- Ticker: FALEX
- SEC CIK: 0000757010
- SEC series ID: S000006911
- Share class ID: C000018754
FALEX Holdings
Top 10 holdings of Franklin Alabama Tax-Free Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| County of Jefferson AL Sewer Revenue | 2.82% |
| Jacksonville State University | 2.54% |
| Special Care Facilities Financing Authority of the City of Pell City Alabama | 2.40% |
| Health Care Authority of the City of Huntsville (The) | 2.02% |
| Black Belt Energy Gas District | 1.94% |
| City of Huntsville AL | 1.84% |
| University of Alabama (The) | 1.83% |
| East Alabama Health Care Authority (The) | 1.83% |
| Bessemer Governmental Utility Services Corp. | 1.83% |
| Madison Water & Wastewater Board | 1.81% |
FALEX Portfolio Allocation
Asset-class allocation of Franklin Alabama Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 95.6% |
FALEX Performance
Total returns for FALEX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.9% |
| 1 year | 3.5% |
| 3 years (annualised) | 3.6% |
| 5 years (annualised) | 0.4% |
FALEX Risk Information
Risk metrics for FALEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.4%
FALEX Costs and Fees
FALEX costs about $130 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.30%
- Gross expense ratio: 1.36%
- Portfolio turnover: 15%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FALEX Cashflows
Over the 12 months to 2026-02, Franklin Alabama Tax-Free Income Fund had net outflows of $7.81M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | $613.11K |
| 2026-01 | −$371.39K |
| 2025-12 | −$1.97M |
| 2025-11 | −$1.48M |
| 2025-10 | −$963.00K |
| 2025-09 | −$147.96K |
FALEX Debt Constituents
Largest debt holdings of Franklin Alabama Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| County of Jefferson AL Sewer Revenue | 2.82% |
| Jacksonville State University | 2.54% |
| Special Care Facilities Financing Authority of the City of Pell City Alabama | 2.40% |
| Health Care Authority of the City of Huntsville (The) | 2.02% |
| Black Belt Energy Gas District | 1.94% |
| City of Huntsville AL | 1.84% |
| University of Alabama (The) | 1.83% |
| East Alabama Health Care Authority (The) | 1.83% |
| Bessemer Governmental Utility Services Corp. | 1.83% |
| Madison Water & Wastewater Board | 1.81% |
FALEX Prospectus and SEC Filings
Official Franklin Alabama Tax-Free Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.