Morningstar

Franklin Louisiana Tax Free Income Fund Class A1 FKLAX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.12  /  0.00
  • Total Assets 210.0M
  • Adj. Expense Ratio
    0.750%
  • Expense Ratio 0.750%
  • 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 3.19%
  • Effective Duration 7.81 years

USD | NAV as of Jun 13, 2026 | 1-Day Return as of Jun 13, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FKLAX

Will FKLAX 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 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Franklin Louisiana Tax Free Income A1 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
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Portfolio Holdings FKLAX

More FKLAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 26.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

LOUISIANA PUB FACS AUTH HOSP REV 5%

3.78 8M
municipal

NEW ORLEANS LA 5%

2.94 6M
municipal

LOUISIANA ST GAS & FUELS TAX REV 4%

2.80 6M
municipal

LOUISIANA PUB FACS AUTH REV 5%

2.75 6M
municipal

LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV 5%

2.50 5M
municipal

LOUISIANA PUB FACS AUTH REV 5.75%

2.43 5M
municipal

LOUISIANA PUB FACS AUTH REV 5%

2.42 5M
municipal

JEFFERSON PARISH LA CONS WTRWKS DIST NO 002 WTR REV 4%

2.40 5M
municipal

SHREVEPORT LA 5%

2.38 5M
municipal

LOUISIANA PUB FACS AUTH HOSP REV 5%

2.37 5M
municipal

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