{
  "page": "compare",
  "query": {
    "a": "FQLAX",
    "b": "FRALX"
  },
  "retrieved_at": "2026-07-07T15:47:25+00:00",
  "disclaimer": "Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them.",
  "attribution": "Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC.",
  "terms": {
    "notice": "Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed.",
    "url": "https://fundwatcher.app/terms/"
  },
  "fund_a": {
    "name": "Franklin Louisiana Tax-Free Income Fund",
    "ticker": "FQLAX",
    "slug": "FQLAX",
    "series_id": "S000006916",
    "html_url": "https://fundwatcher.app/funds/FQLAX/"
  },
  "fund_b": {
    "name": "Franklin Alabama Tax-Free Income Fund",
    "ticker": "FRALX",
    "slug": "FRALX",
    "series_id": "S000006911",
    "html_url": "https://fundwatcher.app/funds/FRALX/"
  },
  "overlap": {
    "coverage_a_by_b": "0.03671788658078556577682119209",
    "coverage_b_by_a": "0.03671788658078556577682119209",
    "shared_count": 11,
    "as_of": {
      "a": "2026-02-28",
      "b": "2026-02-28"
    },
    "a_top": [
      {
        "name": "Louisiana (State of) Public Facilities Authority (Louisiana Children's Medical Center), Series 2015, RB",
        "value": "7947945.72",
        "weight": "0.03712403",
        "shared": false
      },
      {
        "name": "City of New Orleans, Series 2021 A",
        "value": "6412939.80",
        "weight": "0.02995418",
        "shared": false
      },
      {
        "name": "State of Louisiana, Series 2024 A",
        "value": "6012421.80",
        "weight": "0.02808340",
        "shared": false
      },
      {
        "name": "OCHSNER CLINIC FOUNDATION OBLIGATED GROUP 5.0% 05-15-42",
        "value": "5766206.86",
        "weight": "0.02693336",
        "shared": false
      },
      {
        "name": "Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Woman's Hospital Foundation), Series 2017 A, Ref. RB",
        "value": "5341461.24",
        "weight": "0.02494941",
        "shared": false
      },
      {
        "name": "Louisiana (State of) Public Facilities Authority (I-10 Calcasieu River Bridge), Series 2024, RB",
        "value": "5207674.50",
        "weight": "0.02432451",
        "shared": false
      },
      {
        "name": "Jefferson Parish Consolidated Waterworks District No. 2, Series 2022",
        "value": "5134154.50",
        "weight": "0.02398110",
        "shared": false
      },
      {
        "name": "SHREVEPORT LA REGD B/E AG 5.00000000",
        "value": "5092754.04",
        "weight": "0.02378773",
        "shared": false
      },
      {
        "name": "Louisiana Public Facilities Authority, Series 2019 A",
        "value": "5089259.50",
        "weight": "0.02377140",
        "shared": false
      },
      {
        "name": "New Orleans Aviation Board, Series A",
        "value": "5024866.00",
        "weight": "0.02347063",
        "shared": false
      },
      {
        "name": "Louisiana Public Facilities Authority, Series 2015 A",
        "value": "4970142.75",
        "weight": "0.02321502",
        "shared": false
      },
      {
        "name": "Louisiana State University & Agricultural & Mechanical College, Series 2016 A",
        "value": "4541030.55",
        "weight": "0.02121068",
        "shared": false
      },
      {
        "name": "Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2024 A-2",
        "value": "4368412.75",
        "weight": "0.02040440",
        "shared": false
      },
      {
        "name": "Louisiana Public Facilities Authority, Series 2020 A",
        "value": "4340027.00",
        "weight": "0.02027182",
        "shared": false
      },
      {
        "name": "SHREVEPORT WTR & SWR",
        "value": "3881178.07",
        "weight": "0.01812858",
        "shared": false
      },
      {
        "name": "Shreveport, Louisiana, Water and Sewer Revenue Bonds, Refunding Series 2020B",
        "value": "3670669.86",
        "weight": "0.01714532",
        "shared": false
      },
      {
        "name": "St. John the Baptist, Series 2023",
        "value": "3610329.69",
        "weight": "0.01686348",
        "shared": false
      },
      {
        "name": "Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Ragin Cajun Facilities, Inc.), Series 2018, RB",
        "value": "3527012.65",
        "weight": "0.01647431",
        "shared": false
      },
      {
        "name": "PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000",
        "value": "3412929.80",
        "weight": "0.01594144",
        "shared": false
      },
      {
        "name": "Louisiana Public Facilities Authority, Series 2021",
        "value": "3366706.64",
        "weight": "0.01572554",
        "shared": false
      },
      {
        "name": "Louisiana Public Facilities Authority, Series 2025, RB",
        "value": "3144552.90",
        "weight": "0.01468788",
        "shared": false
      },
      {
        "name": "PORT NEW ORLEANS LA BRD OF COMMISSIONERS PORT FAC REVENUE",
        "value": "3118854.00",
        "weight": "0.01456784",
        "shared": false
      },
      {
        "name": "Louisiana Public Facilities Authority, Series 2016 A",
        "value": "3038334.90",
        "weight": "0.01419175",
        "shared": false
      },
      {
        "name": "St. Tammany Parish Hospital Service District No. 1, Series 2018 A",
        "value": "3027303.90",
        "weight": "0.01414022",
        "shared": false
      },
      {
        "name": "E BATON ROUGE PARISH LA SWR CO EASUTL 02/45 FIXED 4",
        "value": "3003365.70",
        "weight": "0.01402841",
        "shared": false
      },
      {
        "name": "Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2024",
        "value": "2825082.64",
        "weight": "0.01319567",
        "shared": false
      },
      {
        "name": "West Feliciana Parish Parishwide Consolidated School District No. 1, Series 2020",
        "value": "2707357.80",
        "weight": "0.01264579",
        "shared": false
      },
      {
        "name": "Louisiana Public Facilities Authority, Series 2021",
        "value": "2702688.92",
        "weight": "0.01262398",
        "shared": false
      },
      {
        "name": "Parish of Terrebonne, Series 2020 A",
        "value": "2696801.37",
        "weight": "0.01259648",
        "shared": false
      },
      {
        "name": "LOUISIANA ST LOCAL GOVT ENVRNM REGD B/E 2.50000000",
        "value": "2691503.40",
        "weight": "0.01257173",
        "shared": false
      },
      {
        "name": "N ORLEANS AVIAT 5.25% 1/1/2045 @",
        "value": "2651720.75",
        "weight": "0.01238591",
        "shared": false
      },
      {
        "name": "State of Louisiana, Series 2016 A",
        "value": "2603903.60",
        "weight": "0.01216256",
        "shared": false
      },
      {
        "name": "City of Lafayette, Series 2019 A",
        "value": "2457777.82",
        "weight": "0.01148003",
        "shared": false
      },
      {
        "name": "SOUTH QUAD L3C AG 5.25% 07-01-55",
        "value": "2362850.78",
        "weight": "0.01103663",
        "shared": false
      },
      {
        "name": "TANGIPAHOA PSH-REF",
        "value": "2324369.70",
        "weight": "0.01085689",
        "shared": false
      },
      {
        "name": "LOUISIANA ST PUBLIC FACS AUTH LEASE REVENUE",
        "value": "2312213.21",
        "weight": "0.01080011",
        "shared": false
      },
      {
        "name": "LAFAYETTE SCH 4% 4/1/53",
        "value": "2312051.00",
        "weight": "0.01079935",
        "shared": false
      },
      {
        "name": "Jefferson Sales Tax District, Series 2017 B",
        "value": "2300686.20",
        "weight": "0.01074627",
        "shared": false
      },
      {
        "name": "Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (St. Tammany Parish Gomesa), Series 2020, RB",
        "value": "2268032.38",
        "weight": "0.01059374",
        "shared": false
      },
      {
        "name": "Port New Orleans Board of Commissioners, Series 2020 D",
        "value": "2042139.00",
        "weight": "0.00953862",
        "shared": false
      },
      {
        "name": "TANGIPAHOA PSH-REF",
        "value": "2034991.20",
        "weight": "0.00950523",
        "shared": false
      },
      {
        "name": "Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation), Series 2017, Ref. RB",
        "value": "2012327.20",
        "weight": "0.00939937",
        "shared": false
      },
      {
        "name": "Louisiana Public Facilities Authority, Series 2021",
        "value": "1997614.16",
        "weight": "0.00933065",
        "shared": false
      },
      {
        "name": "Capital Trust Authority, Series 2024",
        "value": "1970197.48",
        "weight": "0.00920259",
        "shared": true
      },
      {
        "name": "LOUISIANA STADIUM & EXPOSITION REGD B/E 5.25000000",
        "value": "1830385.73",
        "weight": "0.00854954",
        "shared": false
      },
      {
        "name": "State of Louisiana, Series 2025 B",
        "value": "1795239.60",
        "weight": "0.00838538",
        "shared": false
      },
      {
        "name": "Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2022",
        "value": "1732708.56",
        "weight": "0.00809330",
        "shared": false
      },
      {
        "name": "LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH REVE",
        "value": "1673798.94",
        "weight": "0.00781814",
        "shared": false
      },
      {
        "name": "LAFAYETTE SCH 5.75% 4/1/2055",
        "value": "1651574.70",
        "weight": "0.00771433",
        "shared": false
      },
      {
        "name": "East Ouachita Parish School District, Series 2025",
        "value": "1627876.05",
        "weight": "0.00760364",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "University of Alabama (The), Series 2018 B-2",
        "value": "5101256.50",
        "weight": "0.03090677",
        "shared": false
      },
      {
        "name": "City of Huntsville, Series 2018 B",
        "value": "4948206.44",
        "weight": "0.02997950",
        "shared": false
      },
      {
        "name": "Jefferson (County of), AL, Series 2024, Ref. Revenue Wts.",
        "value": "4774437.90",
        "weight": "0.02892669",
        "shared": false
      },
      {
        "name": "Madison Water & Wastewater Board, Series 2017",
        "value": "4672832.46",
        "weight": "0.02831110",
        "shared": false
      },
      {
        "name": "Jacksonville State University, Series 2020",
        "value": "4278028.50",
        "weight": "0.02591912",
        "shared": false
      },
      {
        "name": "Special Care Facilities Financing Authority of the City of Pell City Alabama, Series 2021 A",
        "value": "4064526.40",
        "weight": "0.02462558",
        "shared": false
      },
      {
        "name": "HUNTSVILLE HLTH-B",
        "value": "3522453.90",
        "weight": "0.02134135",
        "shared": false
      },
      {
        "name": "Black Belt Energy Gas District (The), Series 2023 B, RB",
        "value": "3286317.30",
        "weight": "0.01991068",
        "shared": false
      },
      {
        "name": "Bessemer Governmental Utility Services Corp., Series 2017",
        "value": "3078896.40",
        "weight": "0.01865398",
        "shared": false
      },
      {
        "name": "East Alabama Health Care Authority (The), Series 2018 A",
        "value": "3078876.90",
        "weight": "0.01865387",
        "shared": false
      },
      {
        "name": "City of Trussville, Series 2018 A",
        "value": "3031332.90",
        "weight": "0.01836581",
        "shared": false
      },
      {
        "name": "Madison City Board of Education, Series 2019",
        "value": "2954831.10",
        "weight": "0.01790231",
        "shared": false
      },
      {
        "name": "Florence City Board of Education, Series 2022",
        "value": "2867772.00",
        "weight": "0.01737485",
        "shared": false
      },
      {
        "name": "Alexander City Board of Education, Series 2022",
        "value": "2820158.70",
        "weight": "0.01708638",
        "shared": false
      },
      {
        "name": "Auburn University, Series 2025, RB",
        "value": "2794956.80",
        "weight": "0.01693369",
        "shared": false
      },
      {
        "name": "Mobile (City of), AL Infirmary Health System Special Care Facilities Financing Authority, Series 2021 A, Ref. RB",
        "value": "2714565.60",
        "weight": "0.01644663",
        "shared": false
      },
      {
        "name": "City of Bessemer, Series 2017",
        "value": "2602679.09",
        "weight": "0.01576875",
        "shared": false
      },
      {
        "name": "Jacksonville State University, Series 2017",
        "value": "2567781.50",
        "weight": "0.01555731",
        "shared": false
      },
      {
        "name": "University of Montevallo, Series 2017",
        "value": "2546109.50",
        "weight": "0.01542601",
        "shared": false
      },
      {
        "name": "City of Lincoln, Series 2020",
        "value": "2387818.00",
        "weight": "0.01446698",
        "shared": false
      },
      {
        "name": "S E ENERGY-B-REV",
        "value": "2209744.20",
        "weight": "0.01338809",
        "shared": false
      },
      {
        "name": "DCH HLTH CARE -A-REV",
        "value": "2205889.69",
        "weight": "0.01336473",
        "shared": false
      },
      {
        "name": "SOUTHEAST ENERGY AUTH VAR",
        "value": "2176945.80",
        "weight": "0.01318937",
        "shared": false
      },
      {
        "name": "BLACK BELT ENRY GAS-A",
        "value": "2171524.40",
        "weight": "0.01315653",
        "shared": false
      },
      {
        "name": "Homewood Educational Building Authority, Series 2019 A",
        "value": "2136343.25",
        "weight": "0.01294338",
        "shared": false
      },
      {
        "name": "Public Finance Authority, Series 2025 A-2",
        "value": "2112193.02",
        "weight": "0.01279706",
        "shared": true
      },
      {
        "name": "SOUTHEAST ENERGY AUTH VAR",
        "value": "2061317.00",
        "weight": "0.01248882",
        "shared": false
      },
      {
        "name": "Columbia Industrial Development Board, Series 2014 D",
        "value": "2048192.40",
        "weight": "0.01240930",
        "shared": false
      },
      {
        "name": "Water Works Board of the City of Birmingham (The), Series 2016B",
        "value": "2047475.00",
        "weight": "0.01240495",
        "shared": false
      },
      {
        "name": "UNIV SOUTH AL 5% 4/1/2049",
        "value": "2043205.20",
        "weight": "0.01237908",
        "shared": false
      },
      {
        "name": "Talladega County Board of Education, Series 2017",
        "value": "2039782.00",
        "weight": "0.01235834",
        "shared": false
      },
      {
        "name": "Opelika Utilities Board, Series 2017",
        "value": "2006340.80",
        "weight": "0.01215573",
        "shared": false
      },
      {
        "name": "DCH Healthcare Authority, Series 2015",
        "value": "2002266.60",
        "weight": "0.01213105",
        "shared": false
      },
      {
        "name": "Mobile (County of), AL (Gomessa), Series 2020, Revenue Wts.",
        "value": "1988761.74",
        "weight": "0.01204923",
        "shared": false
      },
      {
        "name": "Mobile County Board of School Commissioners, Series 2022, RB",
        "value": "1957026.00",
        "weight": "0.01185695",
        "shared": false
      },
      {
        "name": "HUNTSVILLE HLTH CARE",
        "value": "1910019.60",
        "weight": "0.01157216",
        "shared": false
      },
      {
        "name": "LIMESTONE CO WTR SWR",
        "value": "1875280.20",
        "weight": "0.01136168",
        "shared": false
      },
      {
        "name": "City of Tuscaloosa, Series 2020 A",
        "value": "1844963.60",
        "weight": "0.01117801",
        "shared": false
      },
      {
        "name": "Alabama Community College System, Series 2019",
        "value": "1806424.40",
        "weight": "0.01094451",
        "shared": false
      },
      {
        "name": "Birmingham-Jefferson Civic Center Authority, Series 2018 A",
        "value": "1690109.94",
        "weight": "0.01023980",
        "shared": false
      },
      {
        "name": "Alabama State University, Series 2022",
        "value": "1650191.70",
        "weight": "0.00999795",
        "shared": false
      },
      {
        "name": "Selma Industrial Development Board, Series 2020A",
        "value": "1614632.70",
        "weight": "0.00978251",
        "shared": false
      },
      {
        "name": "Alabama State University, Series 2022",
        "value": "1612103.10",
        "weight": "0.00976718",
        "shared": false
      },
      {
        "name": "Alabaster Board of Education, Series 2022",
        "value": "1567977.90",
        "weight": "0.00949984",
        "shared": false
      },
      {
        "name": "Alabaster Board of Education, Series 2022",
        "value": "1543599.90",
        "weight": "0.00935215",
        "shared": false
      },
      {
        "name": "Capital Trust Authority, Series 2024",
        "value": "1477648.11",
        "weight": "0.00895257",
        "shared": true
      },
      {
        "name": "Public Finance Authority, Series 2024 A-2",
        "value": "1428134.94",
        "weight": "0.00865258",
        "shared": false
      },
      {
        "name": "City of Tuscaloosa, Series 2025B",
        "value": "1336274.63",
        "weight": "0.00809603",
        "shared": false
      },
      {
        "name": "Black Belt Energy Gas District, Series 2025, RB",
        "value": "1312978.08",
        "weight": "0.00795489",
        "shared": false
      },
      {
        "name": "Homewood Educational Building Authority, Series 2021 A",
        "value": "1232100.35",
        "weight": "0.00746488",
        "shared": false
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0002071691-26-008650",
      "as_of": "2026-02-28",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/757010/000207169126008650/0002071691-26-008650-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0002071691-26-008606",
      "as_of": "2026-02-28",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/757010/000207169126008606/0002071691-26-008606-index.htm"
    }
  ]
}