FKLAX

About FKLAX

Franklin Louisiana Tax‑Free Income Fund Class A1 is a municipal bond mutual fund focused on delivering income that is exempt from regular federal income taxes and Louisiana state personal income taxes. It primarily invests in debt issued by Louisiana state and local governments and related agencies to finance public projects such as infrastructure, education, and utilities, aligning with the single‑state muni long category’s emphasis on longer‑duration bonds. The strategy targets a high level of tax‑advantaged income by maintaining at least a substantial majority of assets in securities generating federally tax‑exempt interest, with an orientation that may include bonds across credit tiers within the state’s municipal market. The fund is overseen by an experienced management team and is designed for investors seeking state‑specific tax efficiency and exposure to Louisiana’s municipal credit dynamics. Class A1 shares are available only to existing Class A1 shareholders, while new investors may access the strategy through a related share class. Its role in the market is to provide access to diversified Louisiana municipal bond exposure with the potential for steady, tax‑exempt income generation.