FQLAX — Franklin Louisiana Tax-Free Income Fund
Data updated: 2026-07-27
FQLAX — Franklin Louisiana Tax-Free Income Fund. Long Municipal - National Bond · $210.67M AUM. Holdings, fees, performance and SEC filings.
FQLAX Fund Overview
FQLAX — Franklin Louisiana 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: $210.67M
- 1-year return: 6.2%
- Ticker: FQLAX
- SEC CIK: 0000757010
- SEC series ID: S000006916
- Share class ID: C000205895
FQLAX Holdings
Top 10 holdings of Franklin Louisiana Tax-Free Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Louisiana Public Facilities Authority | 3.76% |
| City of New Orleans LA | 2.93% |
| State of Louisiana Gasoline & Fuels Tax Revenue | 2.78% |
| Louisiana Public Facilities Authority | 2.72% |
| Louisiana Local Government Environmental Facilities & Community Development Auth | 2.52% |
| Louisiana Public Facilities Authority | 2.46% |
| Louisiana Public Facilities Authority | 2.41% |
| Jefferson Parish Consolidated Waterworks District No. 2 | 2.41% |
| City of Shreveport LA | 2.40% |
| Louisiana Public Facilities Authority | 2.36% |
FQLAX Portfolio Allocation
Asset-class allocation of Franklin Louisiana Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 97.8% |
| Cash & Equivalents | 0.6% |
FQLAX Performance
Total returns for FQLAX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.4% |
| 1 year | 6.2% |
| 3 years (annualised) | 3.3% |
| 5 years (annualised) | 0.1% |
FQLAX Risk Information
Risk metrics for FQLAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.6%
FQLAX Costs and Fees
FQLAX costs about $90 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.90%
- Gross expense ratio: 0.95%
- Portfolio turnover: 14%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FQLAX Cashflows
Over the 12 months to 2026-05, Franklin Louisiana Tax-Free Income Fund had net outflows of $24.83M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$2.68M |
| 2026-04 | −$829.56K |
| 2026-03 | −$1.17M |
| 2026-02 | −$1.85M |
| 2026-01 | $570.64K |
| 2025-12 | −$5.07M |
FQLAX Debt Constituents
Largest debt holdings of Franklin Louisiana Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Louisiana Public Facilities Authority | 3.76% |
| City of New Orleans LA | 2.93% |
| State of Louisiana Gasoline & Fuels Tax Revenue | 2.78% |
| Louisiana Public Facilities Authority | 2.72% |
| Louisiana Local Government Environmental Facilities & Community Development Auth | 2.52% |
| Louisiana Public Facilities Authority | 2.46% |
| Louisiana Public Facilities Authority | 2.41% |
| Jefferson Parish Consolidated Waterworks District No. 2 | 2.41% |
| City of Shreveport LA | 2.40% |
| Louisiana Public Facilities Authority | 2.36% |
FQLAX Prospectus and SEC Filings
Official Franklin Louisiana Tax-Free Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-06-25
- Prospectus (485BPOS) — filed 2025-06-26
- Prospectus (485BPOS) — filed 2024-06-26
- Portfolio holdings (N-PORT) — filed 2026-07-27
- Portfolio holdings (N-PORT) — filed 2026-04-23
- Portfolio holdings (N-PORT) — filed 2026-01-27
- Annual census (N-CEN) — filed 2026-05-11
- Annual census (N-CEN) — filed 2025-05-08
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.