FALZX

About FALZX

Franklin Alabama Tax‑Free Income Fund – Advisor Class is a single‑state municipal bond mutual fund focused on generating income that is exempt from U.S. federal income taxes. According to its mandate, the fund invests primarily in investment‑grade municipal securities issued by Alabama state and local entities, targeting essential‑service and public‑purpose projects such as water and sewer systems, higher education, healthcare authorities, and local government financings. The portfolio is diversified across revenue and general obligation bonds, with notable exposure to sectors like utilities, education, and healthcare through issuers including water and sewer authorities, universities, and medical finance authorities. Managed within the Muni Single State Long category, it typically maintains intermediate‑to‑long interest‑rate exposure, as indicated by its reported effective duration profile. The Advisor Class emphasizes cost efficiency relative to peers, reflecting a competitive expense structure within its category. Designed for investors seeking federally tax‑exempt income with a regional focus, the fund plays a specialized role in the municipal market by channeling capital to Alabama infrastructure and public services while offering a dedicated vehicle for tax‑advantaged income generation.