FLAIX

About FLAIX

Franklin Louisiana Tax‑Free Income Fund Class C is a municipal bond mutual fund focused on generating income that is exempt from regular federal income taxes and Louisiana state personal income taxes. According to the sponsor, it normally invests primarily in investment‑grade municipal securities issued by Louisiana state and local entities, financing public projects such as hospitals, utilities, and local government infrastructure. The fund is managed with a single‑state mandate and falls within the muni single‑state long category, typically emphasizing longer durations and maturities to pursue higher tax‑free income streams. Portfolio metrics and third‑party research characterize it as diversified, with more than 100 holdings, moderate turnover, and an effective duration around the intermediate‑to‑long range, aligning with its long‑term income objective. Within the Louisiana municipal market, the fund serves investors seeking state‑specific tax efficiency and exposure to the region’s public‑finance ecosystem, linking capital to essential services and infrastructure while providing a specialized role in the broader tax‑exempt fixed‑income market.