FFLQX — Franklin Federal Limited-Term Tax-Free Income Fund
Data updated: 2026-07-27
FFLQX — Franklin Federal Limited-Term Tax-Free Income Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $871.92M AUM · 0.66% expense ratio · 4.3% 1-yr return. From SEC regulatory filings.
FFLQX Fund Overview
FFLQX — Franklin Federal Limited-Term 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: $871.92M
- 1-year return: 4.3%
- Ticker: FFLQX
- SEC CIK: 0000757010
- SEC series ID: S000006933
- Share class ID: C000205911
FFLQX Holdings
Top 10 holdings of Franklin Federal Limited-Term Tax-Free Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Garden State Preservation Trust | 1.90% |
| City of Rochester MN | 1.89% |
| Franklin Municipal Green Bond ETF | 1.81% |
| Main Street Natural Gas, Inc. | 1.72% |
| Tennessee Energy Acquisition Corp. | 1.72% |
| Kentucky Public Energy Authority | 1.63% |
| Maricopa County Industrial Development Authority | 1.40% |
| City of Farmington NM | 1.29% |
| Hillsborough County Aviation Authority | 1.27% |
| Black Belt Energy Gas District | 1.24% |
FFLQX Portfolio Allocation
Asset-class allocation of Franklin Federal Limited-Term Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 92.3% |
| Cash & Equivalents | 5.2% |
| Other | 1.8% |
FFLQX Performance
Total returns for FFLQX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.3% |
| 1 year | 4.3% |
| 3 years (annualised) | 4.1% |
| 5 years (annualised) | 1.8% |
FFLQX Risk Information
Risk metrics for FFLQX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.2%
FFLQX Costs and Fees
FFLQX costs about $66 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.66%
- Gross expense ratio: 0.87%
- Portfolio turnover: 33%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FFLQX Cashflows
Over the 12 months to 2026-02, Franklin Federal Limited-Term Tax-Free Income Fund had net outflows of $8.74M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | −$3.67M |
| 2026-01 | −$1.84M |
| 2025-12 | $5.50M |
| 2025-11 | $2.05M |
| 2025-10 | −$1.47M |
| 2025-09 | −$417.58K |
FFLQX Debt Constituents
Largest debt holdings of Franklin Federal Limited-Term Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Garden State Preservation Trust | 1.90% |
| Main Street Natural Gas, Inc. | 1.72% |
| Tennessee Energy Acquisition Corp. | 1.72% |
| Kentucky Public Energy Authority | 1.63% |
| Maricopa County Industrial Development Authority | 1.40% |
| City of Farmington NM | 1.29% |
| Hillsborough County Aviation Authority | 1.27% |
| Black Belt Energy Gas District | 1.24% |
| New Jersey Transportation Trust Fund Authority | 1.22% |
| Black Belt Energy Gas District | 1.21% |
FFLQX Prospectus and SEC Filings
Official Franklin Federal Limited-Term 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.