Morningstar

Franklin Louisiana Tax Free Income Fund Class R6 FLAQX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.12  /  −0.10 %
  • Total Assets 208.4M
  • Adj. Expense Ratio
    0.620%
  • Expense Ratio 0.620%
  • Distribution Fee Level High
  • Share Class Type Retirement, Large
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 3.31%
  • Effective Duration 7.81 years

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FLAQX

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

  • People Pillar

    The People Pillar is our evaluation of the FLAQX 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 FLAQX’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 R6 holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings FLAQX

More FLAQX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 27.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

LOUISIANA PUB FACS AUTH HOSP REV 5%

3.80 8M
municipal

NEW ORLEANS LA 5%

2.97 6M
municipal

LOUISIANA ST GAS & FUELS TAX REV 4%

2.85 6M
municipal

LOUISIANA PUB FACS AUTH REV 5%

2.75 6M
municipal

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

2.54 5M
municipal

LOUISIANA PUB FACS AUTH REV 5.75%

2.50 5M
municipal

LOUISIANA PUB FACS AUTH REV 5%

2.45 5M
municipal

SHREVEPORT LA 5%

2.44 5M
municipal

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

2.43 5M
municipal

LOUISIANA PUB FACS AUTH HOSP REV 5%

2.38 5M
municipal

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