FLTZX Performance — Franklin Louisiana Tax-Free Income Fund, Advisor Class
Data updated: 2026-07-27
FLTZX returned +1.48% year to date and +6.42% over one year to May 2026. Annualised returns are +3.60% over 3 years and +0.37% 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 $111, against $111 for the category, and to $106 over one year, against $106. Volatility over the past three years was 6.46% a year. In the 12 months to May 2026 the fund lost a net $24.8M, and assets reached $210.67M.
FLTZX Growth of $100
What $100 invested in Franklin Louisiana 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 | FLTZX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $106 | $106 |
| 3 years (Jun 2023 – May 2026) | $111 | $111 |
| 5 years (Jun 2021 – May 2026) | $102 | $104 |
| Since data start (Sep 2019 – May 2026) | $108 | $109 |
FLTZX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.48% |
| 1 year | +6.42% |
| 3 years (annualised) | +3.60% |
| 5 years (annualised) | +0.37% |
FLTZX Annual Returns
Calendar-year total returns of Franklin Louisiana Tax-Free Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.48% |
| 2025 | +2.61% |
| 2024 | +2.36% |
| 2023 | +6.29% |
| 2022 | −10.77% |
| 2021 | +2.32% |
| 2020 | +4.42% |
| 2019 (Sep–Dec) | −0.35% |
FLTZX 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 | +0.6% | +1.2% | −2.0% | +1.1% | +0.6% | — | — | — | — | — | — | — |
| 2025 | +0.2% | +1.0% | −1.7% | −1.1% | −0.5% | +0.6% | −1.6% | +0.7% | +3.0% | +1.4% | +0.5% | +0.2% |
| 2024 | 0.0% | +0.1% | +0.1% | −1.0% | +0.1% | +1.6% | +0.7% | +0.7% | +1.0% | −1.0% | +1.6% | −1.5% |
| 2023 | +3.4% | −2.5% | +1.9% | 0.0% | −0.7% | +0.9% | +0.2% | −1.3% | −3.6% | −1.9% | +7.7% | +2.8% |
| 2022 | −2.4% | −0.6% | −3.6% | −2.9% | +0.9% | −2.0% | +2.4% | −2.4% | −4.1% | −1.0% | +5.1% | −0.2% |
| 2021 | +0.6% | −1.5% | +0.8% | +1.2% | +0.4% | +0.2% | +0.8% | −0.5% | −0.9% | −0.1% | +1.0% | +0.2% |
| 2020 | +1.8% | +1.3% | −2.4% | −2.3% | +2.0% | +0.8% | +1.4% | −0.2% | +0.2% | −0.2% | +1.4% | +0.8% |
| 2019 | — | — | — | — | — | — | — | — | −0.5% | −0.1% | +0.1% | +0.2% |
FLTZX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 6.46%
- 3-year Sharpe ratio: -0.14 (vs 4.5% risk-free rate)
- Best month: +7.67% (Nov 2023)
- Worst month: −3.59% (Sep 2023)
FLTZX Fund Flows
Monthly money in and out of Franklin Louisiana Tax-Free Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$24.8M
- 12-month gross sales (incl. reinvestments): $28.0M
- Sales ÷ redemptions: 0.53×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $1.7M | $4.4M | −$2.7M |
| Apr 2026 | $2.4M | $3.2M | −$830K |
| Mar 2026 | $1.5M | $2.7M | −$1.2M |
| Feb 2026 | $2.2M | $4.0M | −$1.9M |
| Jan 2026 | $3.2M | $2.6M | $571K |
| Dec 2025 | $2.2M | $7.3M | −$5.1M |
| Nov 2025 | $2.1M | $2.7M | −$624K |
| Oct 2025 | $2.0M | $3.9M | −$1.9M |
| Sep 2025 | $1.5M | $5.3M | −$3.8M |
| Aug 2025 | $3.1M | $7.3M | −$4.2M |
| Jul 2025 | $3.6M | $4.5M | −$918K |
| Jun 2025 | $2.4M | $4.7M | −$2.4M |
FLTZX Assets Under Management
Net assets of Franklin Louisiana Tax-Free Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $210.67M |
| 2026-02-28 | $218.02M |
| 2025-11-30 | $221.86M |
| 2025-08-31 | $218.88M |
| 2025-05-31 | $229.08M |
| 2025-02-28 | $246.93M |
| 2024-11-30 | $254.70M |
| 2024-08-31 | $257.22M |
| 2024-05-31 | $256.59M |
| 2024-02-29 | $268.82M |
| 2023-11-30 | $270.73M |
| 2023-08-31 | $277.95M |
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.