FALEX Performance — Franklin Alabama Tax-Free Income Fund, Class C
Data updated: 2026-07-27
FALEX returned +1.15% year to date and +6.23% over one year to May 2026. Annualised returns are +2.91% over 3 years and −0.25% over 5 years. Against its Intermediate Municipal Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $109, against $111 for the category, and to $106 over one year, against $106. Volatility over the past three years was 6.51% a year. In the 12 months to May 2026 the fund lost a net $8.5M, and assets reached $166.77M.
FALEX Growth of $100
What $100 invested in Franklin Alabama Tax-Free Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | FALEX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $106 | $106 |
| 3 years (Jun 2023 – May 2026) | $109 | $111 |
| 5 years (Jun 2021 – May 2026) | $99 | $104 |
| Since data start (Sep 2019 – May 2026) | $104 | $109 |
FALEX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.15% |
| 1 year | +6.23% |
| 3 years (annualised) | +2.91% |
| 5 years (annualised) | −0.25% |
FALEX Annual Returns
Calendar-year total returns of Franklin Alabama Tax-Free Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.15% |
| 2025 | +2.54% |
| 2024 | +1.07% |
| 2023 | +5.72% |
| 2022 | −11.34% |
| 2021 | +1.64% |
| 2020 | +4.11% |
| 2019 (Sep–Dec) | −0.20% |
FALEX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.3% | +1.6% | −2.3% | +1.1% | +0.5% | — | — | — | — | — | — | — |
| 2025 | −0.1% | +1.1% | −1.9% | −0.9% | −0.5% | +0.6% | −0.7% | +0.7% | +2.8% | +1.3% | +0.3% | −0.1% |
| 2024 | −0.2% | −0.1% | +0.1% | −1.5% | +0.2% | +1.7% | +0.9% | +0.5% | +0.9% | −1.3% | +1.7% | −1.7% |
| 2023 | +3.6% | −3.0% | +2.4% | −0.1% | −1.0% | +0.8% | +0.1% | −1.9% | −3.3% | −1.9% | +7.5% | +3.1% |
| 2022 | −2.8% | −0.6% | −3.1% | −3.3% | +1.3% | −2.5% | +2.7% | −2.8% | −4.4% | −1.0% | +5.8% | −0.8% |
| 2021 | +0.5% | −2.0% | +0.9% | +1.3% | +0.5% | +0.2% | +0.9% | −0.5% | −0.9% | −0.1% | +0.9% | 0.0% |
| 2020 | +1.4% | +1.1% | −2.1% | −1.1% | +2.5% | +0.1% | +1.1% | −0.3% | 0.0% | −0.3% | +1.2% | +0.4% |
| 2019 | — | — | — | — | — | — | — | — | −0.7% | +0.1% | +0.1% | +0.3% |
FALEX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 6.51%
- 3-year Sharpe ratio: -0.24 (vs 4.5% risk-free rate)
- Best month: +7.52% (Nov 2023)
- Worst month: −3.33% (Sep 2023)
FALEX Fund Flows
Monthly money in and out of Franklin Alabama Tax-Free Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$8.5M
- 12-month gross sales (incl. reinvestments): $25.9M
- Sales ÷ redemptions: 0.75×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $2.0M | $2.5M | −$492K |
| Apr 2026 | $2.1M | $2.8M | −$755K |
| Mar 2026 | $1.7M | $2.4M | −$714K |
| Feb 2026 | $2.2M | $1.6M | $613K |
| Jan 2026 | $2.4M | $2.8M | −$371K |
| Dec 2025 | $1.8M | $3.8M | −$2.0M |
| Nov 2025 | $3.1M | $4.5M | −$1.5M |
| Oct 2025 | $3.4M | $4.4M | −$963K |
| Sep 2025 | $1.9M | $2.0M | −$148K |
| Aug 2025 | $1.1M | $3.1M | −$2.0M |
| Jul 2025 | $2.3M | $2.2M | $88K |
| Jun 2025 | $1.9M | $2.2M | −$306K |
FALEX Assets Under Management
Net assets of Franklin Alabama Tax-Free Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $166.77M |
| 2026-02-28 | $170.92M |
| 2025-11-30 | $170.79M |
| 2025-08-31 | $167.00M |
| 2025-05-31 | $169.22M |
| 2025-02-28 | $177.36M |
| 2024-11-30 | $186.11M |
| 2024-08-31 | $188.37M |
| 2024-05-31 | $187.93M |
| 2024-02-29 | $194.26M |
| 2023-11-30 | $187.30M |
| 2023-08-31 | $189.76M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.