Skip to Content
Morningstar

Franklin Alabama Tax Free Income C FALEX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.18  /  +0.01 %
  • Total Assets 190.7 Mil
  • Adj. Expense Ratio
    1.300%
  • Expense Ratio 1.300%
  • Distribution Fee Level Below Average
  • Share Class Type Level Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.03%
  • Effective Duration 7.09 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:12 PM GMT+0

Morningstar’s Analysis FALEX

Will FALEX 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 FALEX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FALEX 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 FALEX’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 Alabama Tax Free Income C to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FALEX

More FALEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 29.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

HUNTSVILLE ALA HEALTH CARE AUTH 4%

4.03 7.8 Mil
municipal

BESSEMER ALA GOVERNMENTAL UTIL SVCS CORP WTR SUPPLY REV 5%

3.26 6.3 Mil
municipal

LIMESTONE CNTY ALA WTR & SWR AUTH WTR REV 5%

3.12 6.1 Mil
municipal

JACKSONVILLE ALA ST UNIV REV 5%

2.80 5.4 Mil
municipal

BIRMINGHAM ALA WTRWKS BRD WTR REV 5%

2.75 5.3 Mil
municipal

UNIVERSITY ALA GEN FEE REV 5%

2.72 5.3 Mil
municipal

UAB MEDICINE FIN AUTH ALA REV 5%

2.68 5.2 Mil
municipal

HUNTSVILLE ALA 5%

2.65 5.1 Mil
municipal

SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 4%

2.62 5.1 Mil
municipal

JEFFERSON CNTY ALA SWR REV 5.25%

2.52 4.9 Mil
municipal