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Morningstar

Franklin Louisiana Tax Free Income A1 FKLAX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.10  /  +0.01 %
  • Total Assets 263.3 Mil
  • Adj. Expense Ratio
    0.730%
  • Expense Ratio 0.730%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Limited
  • TTM Yield 2.81%
  • Effective Duration 7.16 years

USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 12:00 AM GMT+0

Morningstar’s Analysis FKLAX

Will FKLAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FKLAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FKLAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FKLAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Franklin Louisiana Tax Free Income A1 to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FKLAX

More FKLAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 27.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

LOUISIANA ST GAS & FUELS TAX REV 5%

3.92 10.6 Mil
municipal

LOUISIANA PUB FACS AUTH HOSP REV 5%

3.89 10.5 Mil
municipal

NEW ORLEANS LA AVIATION BRD REV 5%

3.06 8.2 Mil
municipal

LOUISIANA PUB FACS AUTH LEASE REV 5%

2.47 6.7 Mil
municipal

NEW ORLEANS LA 5%

2.45 6.6 Mil
municipal

LOUISIANA PUB FACS AUTH REV 5%

2.43 6.5 Mil
municipal

LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH MULTIFAMILY REV 4.25

2.42 6.5 Mil
municipal

PORT NEW ORLEANS LA BRD COMMRSPORT FAC REV 5%

2.38 6.4 Mil
municipal

LOUISIANA PUB FACS AUTH REV 5%

2.20 5.9 Mil
municipal

ST TAMMANY PARISH LA HOSP SVC DIST NO 1 HOSP REV 5%

2.11 5.7 Mil
municipal