Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.
Franklin Alabama Tax Free Income C FALEX
- NAV / 1-Day Return 10.35 / +0.11 %
- Total Assets 189.1 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.300%
- Distribution Fee Level Below Average
- Share Class Type Level Load
- Category Muni Single State Long
- Credit Quality / Interest Rate Sensitivity Medium/Moderate
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 2.07%
- Effective Duration 6.78 years
USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 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.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 28.0
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
BESSEMER ALA GOVERNMENTAL UTIL SVCS CORP WTR SUPPLY REV 5% | 3.26 | 6.2 Mil | municipal |
LIMESTONE CNTY ALA WTR & SWR AUTH WTR REV 5% | 3.14 | 6.0 Mil | municipal |
BIRMINGHAM ALA WTRWKS BRD WTR REV 5% | 2.82 | 5.3 Mil | municipal |
JACKSONVILLE ALA ST UNIV REV 5% | 2.80 | 5.3 Mil | municipal |
UNIVERSITY ALA GEN FEE REV 5% | 2.79 | 5.3 Mil | municipal |
UAB MEDICINE FIN AUTH ALA REV 5% | 2.75 | 5.2 Mil | municipal |
SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 4% | 2.68 | 5.1 Mil | municipal |
HUNTSVILLE ALA 5% | 2.65 | 5.0 Mil | municipal |
JEFFERSON CNTY ALA SWR REV 5.25% | 2.59 | 4.9 Mil | municipal |
MADISON ALA WTR & WASTEWTR BRD WTR & SWR REV 5% | 2.49 | 4.7 Mil | municipal |