Morningstar

Franklin Alabama Tax Free Income Fund Class A FALQX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $9.74  /  +0.21 %
  • Fund Size $163.5M
  • Adjusted Expense Ratio 0.900%
  • Net Expense Ratio 0.900%
  • Fee Level: Distribution High
  • Share Class Type Front Load
  • Morningstar Category Muni Single State Long
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 3.18%
  • Average Effective Duration 8.00 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FALQX

Will FALQX outperform in the 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 FALQX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FALQX 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 FALQX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Franklin Alabama Tax Free Income A holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings FALQX

More FALQX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 21.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

JEFFERSON CNTY ALA SWR REV 5.5%

2.82 5M
municipal

CASH OR CURRENCY

2.65 4M
Cash and Equivalents

JACKSONVILLE ALA ST UNIV REV 4%

2.42 4M
municipal

PELL CITY ALA SPL CARE FACS FING AUTH REV 4%

2.28 4M
municipal

Alabama St Toll Road Bridge & Tunnel Auth Revenue, 5.5

2.14 3M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV 5.25%

1.96 3M
municipal

HUNTSVILLE ALA HEALTH CARE AUTH 5%

1.95 3M
municipal

HUNTSVILLE ALA 5%

1.92 3M
municipal

BESSEMER ALA GOVERNMENTAL UTIL SVCS CORP WTR SUPPLY REV 5%

1.90 3M
municipal

UNIVERSITY ALA GEN FEE REV 5%

1.83 3M
municipal

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