Morningstar

Franklin Louisiana Tax Free Income Fund Class A FQLAX

Medalist Rating as of Aug 31, 2026 See Franklin Templeton Investment Hub

Strategy

The investment seeks to provide investors with as high a level of income exempt from federal income taxes as is consistent with prudent investment management and the preservation of shareholders' capital. The fund invests at least 80% of its total assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. In addition, under normal market conditions, it invests at least 80% of its total assets in securities that pay interest free from the personal income taxes, if any, of Louisiana. The fund also may invest up to 35% of its total assets in municipal securities issued by U.S. territories.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FLTZX	Franklin Louisiana Tax Free Income Fund Advisor Class	No Load	Open			Sep 15, 2016	$29.79M	0.650%	Above Average	$0	−$2.65M
FKLAX	Franklin Louisiana Tax Free Income Fund Class A1	Front Load	Limited			Sep 1, 1987	$101.45M	0.750%	Below Average	$1,000	−$17.28M
FQLAX	Franklin Louisiana Tax Free Income Fund Class A	Front Load	Open			Sep 10, 2018	$45.63M	0.900%	High	$1,000	−$5.80M
FLAIX	Franklin Louisiana Tax Free Income Fund Class C	Level Load	Open			May 1, 1995	$3.50M	1.300%	Below Average	$1,000	−$1.27M
FLAQX	Franklin Louisiana Tax Free Income Fund Class R6	Retirement, Large	Open			Aug 1, 2017	$5.90M	0.620%	High	$0	−$308,798.79

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