FRFTX Holdings — Franklin Federal Tax-Free Income Fund
Data updated: 2026-09-25
FRFTX holds 973 securities. The top 10 make up 7.7% of net assets, led by Public Finance Authority, Series 2025 A-2 (1.22%) and Public Finance Authority, Series 2024 A-2 (1.05%). Municipal Bonds (99.5%) and Utilities (0.0%) are the largest sectors, and 99.2% of the portfolio is in United States. Debt holdings: 962 positions, 97.8% of assets.
Holdings cover 99.72% of net asset value (98.94% of total assets; remainder is cash and receivables). As of July 31, 2026 · N-PORT.
FRFTX Portfolio Holdings
973 holdings of Franklin Federal Tax-Free Income Fund by percentage of net assets, from the fund's SEC N-PORT filing as of July 31, 2026. The 100 largest are listed below; the interactive table on this page lists all 973.
| Holding | Ticker | Sector | % of net assets | Value (USD) |
|---|---|---|---|---|
| Public Finance Authority, Series 2025 A-2 | — | Municipal Bonds | 1.22% | $92.11M |
| Public Finance Authority, Series 2024 A-2 | — | Municipal Bonds | 1.05% | $79.34M |
| New York State Dormitory Authority, Series 2018 E | — | Municipal Bonds | 0.81% | $61.59M |
| Tennergy Corp., Series 2022 A | — | Municipal Bonds | 0.77% | $57.95M |
| San Mateo Foster City School District, Series A | — | Municipal Bonds | 0.74% | $56.29M |
| Louisiana Public Facilities Authority, Series 2024 | — | Municipal Bonds | 0.68% | $51.40M |
| Capital Trust Authority, Series 2024 | — | Municipal Bonds | 0.62% | $47.18M |
| Metropolitan Transportation Authority, Series 2019 A-2 | — | Municipal Bonds | 0.62% | $46.89M |
| California Community Choice Financing Authority, Series 2023 C | — | Municipal Bonds | 0.60% | $45.35M |
| New York Liberty Development Corp., Series 2005 | — | Municipal Bonds | 0.59% | $44.96M |
| County of Jefferson, Series 2024 | — | Municipal Bonds | 0.54% | $41.16M |
| Miami-Dade County Expressway Authority, Series A | — | Municipal Bonds | 0.53% | $40.16M |
| Ohio Turnpike & Infrastructure Commission, Series 2013 A-4 | — | Municipal Bonds | 0.51% | $38.53M |
| Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2024 A-2 | — | Municipal Bonds | 0.50% | $38.22M |
| Public Finance Authority, Series 2025 A-1 | — | Municipal Bonds | 0.50% | $38.12M |
| Haven at Elgin LLC | — | Unknown | 0.49% | $36.72M |
| Chicago O'Hare International Airport, Series 2022 A | — | Municipal Bonds | 0.48% | $36.00M |
| Metropolitan Transportation Authority, Series 2020 D | — | Municipal Bonds | 0.47% | $35.74M |
| New Jersey Transportation Trust Fund Authority, Series 2020 AA | — | Municipal Bonds | 0.47% | $35.61M |
| Main Street Natural Gas, Inc., Series 2023 D | — | Municipal Bonds | 0.46% | $34.98M |
| San Antonio Public Facilities Corp., Series 2012 | — | Municipal Bonds | 0.45% | $34.31M |
| Empire State Development Corp., Series 2020 A | — | Municipal Bonds | 0.45% | $34.12M |
| Mississippi Home Corp., Series 2024-2 A-2 | — | Municipal Bonds | 0.44% | $33.23M |
| Everett Housing Authority, Series 2022 | — | Municipal Bonds | 0.43% | $32.30M |
| Metropolitan Pier & Exposition Authority, Series 2022 A | — | Municipal Bonds | 0.40% | $29.98M |
| City & County of Denver, Series 2018 A-1 | — | Municipal Bonds | 0.39% | $29.70M |
| North Texas Tollway Authority, Series 2011 C | — | Municipal Bonds | 0.39% | $29.18M |
| New York Liberty Development Corp., Series 2007 | — | Municipal Bonds | 0.38% | $28.71M |
| State of Illinois, Series 2022 B | — | Municipal Bonds | 0.38% | $28.51M |
| Maryland Health & Higher Educational Facilities Authority, Series 2025 | — | Municipal Bonds | 0.38% | $28.39M |
| Florida Development Finance Corp., Series 2024 | — | Municipal Bonds | 0.37% | $27.82M |
| Louisiana Public Facilities Authority, Series 2017 | — | Municipal Bonds | 0.36% | $27.50M |
| San Francisco City & County Airport Comm-San Francisco International Airport, Series 2019 A | — | Municipal Bonds | 0.36% | $26.90M |
| Energy Southeast A Cooperative District, Series 2023 A-1 | — | Municipal Bonds | 0.35% | $26.66M |
| Puerto Rico Sales Tax Financing Corp., Series A-1 | — | Municipal Bonds | 0.35% | $26.51M |
| Southeast Energy Authority A Cooperative District, Series 2025 A | — | Municipal Bonds | 0.34% | $25.78M |
| Black Belt Energy Gas District, Series 2022 F | — | Municipal Bonds | 0.34% | $25.70M |
| City of Chicago, Series 2025 A | — | Municipal Bonds | 0.33% | $25.18M |
| City of Salt Lake City, Series 2018 A | — | Municipal Bonds | 0.33% | $25.18M |
| Metropolitan Washington Airports Authority, Series 2009 C | — | Municipal Bonds | 0.33% | $25.15M |
| Massachusetts Port Authority, Series 2021 E | — | Municipal Bonds | 0.33% | $25.04M |
| Metropolitan Transportation Authority, Series 2020 A-1 | — | Municipal Bonds | 0.32% | $24.56M |
| County of Miami-Dade, Series 2019 B | — | Municipal Bonds | 0.32% | $24.46M |
| Public Finance Authority, Series 2021 | — | Municipal Bonds | 0.32% | $24.37M |
| South Carolina Jobs-Economic Development Authority, Series 2023 A-1, Class I | — | Municipal Bonds | 0.32% | $24.17M |
| District of Columbia, Series 2017 B | — | Municipal Bonds | 0.32% | $24.05M |
| Norman Y Mineta San Jose International Airport SJC, Series 2017 A | — | Municipal Bonds | 0.32% | $23.88M |
| City of Phoenix Civic Improvement Corp., Series 2017 D | — | Municipal Bonds | 0.32% | $23.87M |
| Kentucky Public Energy Authority, Series 2025 B | — | Municipal Bonds | 0.31% | $23.83M |
| Ysleta Independent School District, Series 2022 | — | Municipal Bonds | 0.31% | $23.68M |
| Public Finance Authority, Series 2023-1, Class A | — | Municipal Bonds | 0.31% | $23.64M |
| Texas Water Development Board, Series 2018 B | — | Municipal Bonds | 0.31% | $23.39M |
| Foothill-Eastern Transportation Corridor Agency, Series 2013 A | — | Municipal Bonds | 0.31% | $23.34M |
| Public Authority for Colorado Energy, Series 2008 | — | Municipal Bonds | 0.31% | $23.23M |
| Maricopa County Industrial Development Authority, Series 2019 F | — | Municipal Bonds | 0.30% | $23.00M |
| Washington Health Care Facilities Authority, Series 2017 B | — | Municipal Bonds | 0.30% | $22.96M |
| Knox County Health Educational & Housing Facility Board, Series 2016 A | — | Municipal Bonds | 0.30% | $22.85M |
| Public Finance Authority, Series 2022 A | — | Municipal Bonds | 0.30% | $22.48M |
| Indiana Finance Authority, Series 2012 A | — | Municipal Bonds | 0.29% | $22.19M |
| City of Jackson, Series 2015 | — | Municipal Bonds | 0.29% | $22.00M |
| San Mateo Union High School District, Series 2011 A | — | Municipal Bonds | 0.29% | $21.86M |
| State of Hawaii, Series 2018 A | — | Municipal Bonds | 0.28% | $21.34M |
| Kentucky Economic Development Finance Authority, Series 2019 A-2 | — | Municipal Bonds | 0.28% | $21.32M |
| CSCDA Community Improvement Authority, Series 2021 A-1 | — | Municipal Bonds | 0.28% | $21.16M |
| Public Finance Authority, Series 2022 A | — | Municipal Bonds | 0.28% | $21.15M |
| Main Street Natural Gas, Inc., Series 2023 E-1 | — | Municipal Bonds | 0.28% | $21.07M |
| State of Hawaii, Series 2018 A | — | Municipal Bonds | 0.28% | $21.04M |
| Public Finance Authority, Series 2023-1, Class B-1 | — | Municipal Bonds | 0.28% | $21.01M |
| South Broward Hospital District, Series 2018 | — | Municipal Bonds | 0.28% | $20.95M |
| Chicago Board of Education, Series 2023 | — | Municipal Bonds | 0.28% | $20.94M |
| New Hampshire Business Finance Authority, Series 2024 C | — | Municipal Bonds | 0.28% | $20.86M |
| Public Finance Authority, Series 2023 A | — | Municipal Bonds | 0.27% | $20.60M |
| City of Salt Lake City, Series 2021 A | — | Municipal Bonds | 0.27% | $20.49M |
| Capital Trust Agency, Inc., Series 2021 A-1 | — | Municipal Bonds | 0.27% | $20.40M |
| Southeast Energy Authority A Cooperative District, Series 2024 A | — | Municipal Bonds | 0.27% | $20.39M |
| Metropolitan Nashville Airport Authority (The), Series 2019 B | — | Municipal Bonds | 0.27% | $20.29M |
| Development Authority of Rockdale County, Series 2025 A-1 | — | Municipal Bonds | 0.27% | $20.19M |
| Mississippi Hospital Equipment & Facilities Authority, Series 2016 A | — | Municipal Bonds | 0.26% | $20.03M |
| Kansas City Industrial Development Authority, Series 2019 B | — | Municipal Bonds | 0.26% | $20.00M |
| District of Columbia, Series 2017 B | — | Municipal Bonds | 0.26% | $19.88M |
| CMFA Special Finance Agency Enclave, Series 2022 A-1 | — | Municipal Bonds | 0.26% | $19.80M |
| North Carolina Turnpike Authority, Series 2009 B | — | Municipal Bonds | 0.26% | $19.71M |
| State of Illinois, Series 2022 C | — | Municipal Bonds | 0.26% | $19.36M |
| Tobacco Settlement Financing Corp., Series 2018 B | — | Municipal Bonds | 0.26% | $19.34M |
| Port of Portland, Series 29 | — | Municipal Bonds | 0.25% | $19.30M |
| Hampton Roads Transportation Accountability Commission, Series 2020 A | — | Municipal Bonds | 0.25% | $19.26M |
| Maryland Health & Higher Educational Facilities Authority, Series 2021 B | — | Municipal Bonds | 0.25% | $19.14M |
| CMFA Special Finance Agency XII, Series 2022 A-1 | — | Municipal Bonds | 0.25% | $19.07M |
| Central Puget Sound Regional Transit Authority, Series 2021 S-1 | — | Municipal Bonds | 0.25% | $19.02M |
| CSCDA Community Improvement Authority, Series 2021 A-2 | — | Municipal Bonds | 0.25% | $18.77M |
| Health & Educational Facilities Authority of the State of Missouri, Series 2015 A | — | Municipal Bonds | 0.25% | $18.73M |
| City of Farmington, Series 2016 B | — | Municipal Bonds | 0.25% | $18.59M |
| California Community Housing Agency, Series 2021 A-1 | — | Municipal Bonds | 0.24% | $18.49M |
| Columbus Regional Airport Authority, Series 2025 A | — | Municipal Bonds | 0.24% | $18.48M |
| West Contra Costa Unified School District, Series C-1 | — | Municipal Bonds | 0.24% | $18.38M |
| New York City Transitional Finance Authority, Series 2018 C-3 | — | Municipal Bonds | 0.24% | $18.35M |
| City of Gainesville, Series 2019 A | — | Municipal Bonds | 0.24% | $18.32M |
| City of Arlington, Series 2018 A | — | Municipal Bonds | 0.24% | $18.20M |
| Black Belt Energy Gas District, Series 2023 B-2 | — | Municipal Bonds | 0.24% | $18.10M |
| Knox County Health Educational & Housing Facility Board, Series 2016 A | — | Municipal Bonds | 0.24% | $18.05M |
FRFTX Sector Allocation
Franklin Federal Tax-Free Income Fund holdings grouped by sector, by share of the portfolio's market value.
| Sector | Weight | Holdings |
|---|---|---|
| Municipal Bonds | 99.5% | 971 |
| Utilities | 0.0% | 1 |
| Unknown | 0.5% | 1 |
FRFTX Country Allocation
Where Franklin Federal Tax-Free Income Fund's holdings are domiciled, by percentage of net assets (largest 3).
| Country | % of net assets |
|---|---|
| United States | 99.2% |
| Puerto Rico | 0.5% |
| Netherlands | 0.0% |
FRFTX Portfolio Allocation
Asset-class allocation of Franklin Federal Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 98.6% |
| Cash & Equivalents | 1.1% |
FRFTX Debt Constituents
Largest debt holdings of Franklin Federal Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Public Finance Authority | 1.22% |
| Public Finance Authority | 1.05% |
| New York State Dormitory Authority | 0.81% |
| Tennergy Corp. | 0.77% |
| San Mateo Foster City School District | 0.74% |
| Louisiana Public Facilities Authority | 0.68% |
| Capital Trust Authority | 0.62% |
| Metropolitan Transportation Authority | 0.62% |
| California Community Choice Financing Authority | 0.60% |
| New York Liberty Development Corp. | 0.59% |
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.