FLAIX Fees and Costs — Franklin Louisiana Tax-Free Income Fund, Class C
Data updated: 2026-07-27
The net expense ratio is 1.30%: a 0.55% management fee, a 0.65% 12b-1 fee plus 0.14% other expenses, less a 0.04% fee waiver. This share class carries a deferred sales charge of up to 1.00%. Portfolio turnover was 14%.
FLAIX Fees and Expenses
Annual operating expenses and sales charges of FLAIX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.65% |
| Other expenses | 0.14% |
| Gross expense ratio | 1.34% |
| Fee waiver | −0.04% |
| Net expense ratio | 1.30% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FLAIX Costs Over Time
On $10,000 invested in FLAIX, assuming 5% a year before costs, total costs come to $808 over 5 years, cutting the return by 1.36% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $104 | $0 | $0 |
| Fund expenses (net expense ratio 1.30%) | $136 | $425 | $734 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $240 | $446 | $808 |
| Value after costs | $10,260 | $11,131 | $11,955 |
| Impact on return, per year | 2.40% | 1.36% | 1.36% |
FLAIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $71.5M
- Portfolio turnover (prospectus): 14%
- Securities lending: none during the year
FLAIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Stifel, Nicolaus & Company, Incorporated | $12.5M | 20.33% |
| Tradeweb Direct LLC | $9.0M | 14.64% |
| TD SECURITIES (USA) LLC | $7.2M | 11.70% |
| BofA Securities, Inc. | $6.4M | 10.34% |
| Wedbush Securities Inc. | $5.8M | 9.35% |
| Morgan Stanley & Co. LLC | $5.1M | 8.33% |
| J.P. Morgan Securities LLC | $4.9M | 7.89% |
| Raymond James & Associates, Inc. | $4.5M | 7.33% |
| D.A. Davidson & Co. | $3.2M | 5.15% |
| Jefferies LLC | $3.0M | 4.93% |
Franklin Louisiana Tax-Free Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FLAQX | Class R6 | 0.62% | none |
| FLTZX | Advisor Class | 0.65% | none |
| FKLAX | Class A1 | 0.75% | 3.75% |
| FQLAX | Class A | 0.90% | 3.75% |
| FLAIX | Class C | 1.30% | none |
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.