FQLAX

About FQLAX

Franklin Louisiana Tax-Free Income Fund Class A is a municipal bond mutual fund that primarily aims to deliver a high level of income exempt from both federal income taxes and Louisiana state personal income taxes. The fund is specifically structured for investors seeking tax-advantaged income, with a strategy of investing at least 80% of its total assets in securities—predominantly municipal bonds—whose interest payments are free from federal income tax, including the federal alternative minimum tax, and from state taxes for Louisiana residents. This approach makes the fund particularly relevant for individuals subject to higher tax brackets or those living in Louisiana who wish to maximize after-tax income. The fund’s portfolio focuses on bonds issued by Louisiana municipalities and related governmental entities, thereby supporting local infrastructure, education, and public services. Within the broader marketplace, the fund serves as a specialized fixed income solution for investors seeking both geographic diversification and tax efficiency, while providing stable, tax-exempt income streams tied to the public sector in Louisiana.