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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 9.59  /  0.20 %
  • Total Assets 267.3 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 2.76%
  • Effective Duration 7.47 years

USD | NAV as of Sep 26, 2023 | 1-Day Return as of Sep 26, 2023, 10:21 PM 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.

Weakness in Franklin Louisiana Tax Free Income A1's Process and People Pillar ratings limits this strategy 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 1
  • Bond Holdings 125
  • Other Holdings 1
  • % Assets in Top 10 Holdings 28.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

LOUISIANA PUB FACS AUTH REV 5%

4.39
12,242,067
municipal

LOUISIANA ST GAS & FUELS TAX REV 5%

3.75
10,451,080
municipal

NEW ORLEANS LA AVIATION BRD REV 5%

3.67
10,223,132
municipal

LOUISIANA PUB FACS AUTH HOSP REV 5%

3.66
10,204,991
municipal

LOUISIANA PUB FACS AUTH LEASE REV 5%

2.36
6,570,151
municipal

NEW ORLEANS LA 5%

2.31
6,436,130
municipal

PORT NEW ORLEANS LA BRD COMMRSPORT FAC REV 5%

2.24
6,233,882
municipal

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

2.16
6,021,617
municipal

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

1.96
5,479,088
municipal

LOUISIANA ST GAS & FUELS TAX REV 5%

1.89
5,274,978
municipal