FALQX

About FALQX

Franklin Alabama Tax-Free Income Fund Class A is a municipal bond mutual fund focused on delivering federally tax-exempt income, with an emphasis on serving residents of Alabama. Its primary objective is to provide shareholders with a high level of income that is exempt from federal income taxes, and, for Alabama residents, also free from state tax liabilities. The fund invests at least 80% of its total assets in municipal securities whose interest is not subject to federal income tax, including the alternative minimum tax, and typically focuses on bonds issued by state and local governments within Alabama. This single-state approach benefits investors seeking tax-advantaged income and exposure to Alabama’s public sector infrastructure financing, such as utilities, universities, and government projects. Suitable for those with a long-term horizon, the fund carries moderate interest-rate sensitivity and is backed by an experienced management team. Its holdings predominantly support essential public services, making it a relevant tool for individuals aiming to support local development while mitigating tax exposure through municipal debt instruments.