# Portfolio overlap — FFQAX vs LANSX Comparing **Franklin Federal Tax-Free Income Fund** (2026-01-31) and **Lord Abbett National Tax-Free Income Fund** (2026-03-31). - Shared positions: 59 - Franklin Federal Tax-Free Income Fund covered by Lord Abbett National Tax-Free Income Fund: 0.06534180514393803255134387423 - Lord Abbett National Tax-Free Income Fund covered by Franklin Federal Tax-Free Income Fund: 0.06534180514393803255134387424 ## Franklin Federal Tax-Free Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Public Finance Authority, Series 2025 A-2 | 0.011381 | | | Public Finance Authority, Series 2024 A-2 | 0.010144 | | | New York State Dormitory Authority, Series 2018 E | 0.007985 | | | TENNERGY CORP TN GAS REVENUE TGYPWR 10/53 ADJUSTABLE VAR | 0.007549 | ✓ | | SAN MATEO SD-CABS-CON | 0.007237 | | | Louisiana (State of) Public Facilities Authority (I-10 Calcasieu River Bridge), Series 2024, RB | 0.006596 | | | NY LBTDEV 5.25 10/01/2035 | 0.006064 | | | Capital Trust Authority, Series 2024 | 0.006057 | | | MET TRANS AUTH-A-A2 | 0.006046 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 C, RB | 0.005904 | ✓ | | Jefferson (County of), AL, Series 2024, Ref. Revenue Wts. | 0.005330 | ✓ | | Miami-Dade (County of), FL Expressway Authority, Series 2010 A, RB | 0.005155 | | | Ohio Turnpike & Infrastructure Commission, Series 2013 A-4 | 0.005137 | | | Public Finance Authority, Series 2025 A-1 | 0.005038 | | | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2024 A-2 | 0.004922 | | | Haven at Elgin LLC | 0.004802 | | | TOBACCO SETTLEMENT FING CORP N TOBGEN 06/46 FIXED 5 | 0.004696 | | | NY MTA TRANSP 5% 11/15/2044 | 0.004652 | | | Chicago O'Hare International Airport, Series 2022 A | 0.004643 | | | NJ TRANSPRTN TRUST-AA | 0.004581 | | | MAIN STR NAT GA 5% MT | 0.004566 | | | NY ST UDC PIT REV 20A SF 4.0% 03-15-45 | 0.004564 | | | SAN ANTONIO TX PUB FACS CORP L SANFAC 09/42 FIXED OID 4 | 0.004554 | | | EVERETT WAS 4% 7/1/2037 | 0.004410 | | | Mississippi Home Corp., Series 2024-2 A-2 | 0.004279 | | | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND 4.0% 06-15-52 | 0.003912 | ✓ | | N TX TWY-C-CONV CABS | 0.003910 | | | New York Liberty Development Corp., Series 2007 | 0.003882 | | | HOUSTON METHODIST HOSPITAL OBLIGATED GROUP 5.0% 12-01-45 | 0.003848 | | | DENVER COLO CT 5% 8/1/2048 | 0.003827 | | | State of Illinois, Series 2022 B | 0.003801 | | | Maryland (State of) Health & Higher Educational Facilities Authority (Loyola University Maryland, Inc.), Series 2025, Ref. RB | 0.003669 | | | FLORIDA ST DEV FIN CORP REGD B/E AMT AG 5.25000000 | 0.003543 | | | Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation), Series 2017, Ref. RB | 0.003539 | | | S E ENERGY COOP DT | 0.003531 | | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 A, RB | 0.003467 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.003463 | ✓ | | Black Belt Energy Gas District (The) (Gas), Series 2022 F, RB | 0.003352 | ✓ | | PREREF MET WASHINGTON DC ARPTS AUTH D REGD OID B/E AG PREREFUNDED 10/01/26 @ 100 6.50000000 | 0.003294 | | | SOUTH CAROLINA ST JOBS-ECON DEV AUTH ECON DEV REVENUE | 0.003262 | | | City of Chicago, Series 2025A | 0.003260 | ✓ | | District of Columbia Water & Sewer Authority (Green Bonds), Series 2018 A, RB | 0.003245 | | | MA ST TRANS REV 5% 6/1/47 | 0.003244 | | | SLT LAKE U 5% 7/1/48@ | 0.003236 | | | PHOENIX CIVIC IMPT-D | 0.003219 | | | MASSACHUSETTS ST PORT AUTH REGD B/E AMT 5.00000000 | 0.003217 | | | TX WTR DEV BRD-B | 0.003208 | | | MIAMI-DADE WTSW 4% 10/1/49 | 0.003201 | | | District of Columbia, Series 2017 B | 0.003172 | | | MET TRANSPRTN AUTH NY REVENUE | 0.003171 | | ## Lord Abbett National Tax-Free Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | NY TRNSPRTN DEV CRP-A | 0.014114 | | | OH BUCGEN 5 06/01/2055 | 0.010544 | | | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 C, RB | 0.009172 | ✓ | | PENNSYLVANIA ST ECON DEV FING REGD B/E AMT 6.00000000 | 0.007265 | ✓ | | PROJECTNEW YORK TRANS | 0.007033 | ✓ | | WI PUBTRN 5.75 12/31/2065 | 0.006793 | ✓ | | NEW YORK NY REGD V/R B/E 2.55000000 | 0.006734 | | | RESTRUCTURED-SER A-2 | 0.006532 | | | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE | 0.006420 | | | State of Illinois, Series 2025, GO Bonds | 0.006394 | | | New York City Transitional Finance Authority Future Tax Secured Revenue, Series 2026, RB | 0.006236 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2024A-1 | 0.005891 | | | PREREF IOWA ST FIN AUTH MIDWSTRN DISA REGD B/E PREREFUNDED 12/01/32 @ 100 5.00000000 | 0.005862 | | | PREREF IOWA ST FIN AUTH MIDWSTRN DISA REGD V/R B/E PREREFUNDED 12/01/32 @ 100 5.00000000 | 0.005622 | | | NYC TRANSITIONAL-G-1 | 0.005570 | | | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND 4.0% 06-15-50 | 0.005430 | | | MED UNIV SC HOSP AUTH HOSP MTGE REVENUE | 0.005419 | | | ILLINOIS FIN AUTH SURFACE FREI REGD V/R B/E AMT 4.80000000 | 0.005340 | | | Jefferson (County of), AL, Series 2024, Ref. Revenue Wts. | 0.005266 | ✓ | | NEW YORK ST DORM AUTH REVENUES REGD B/E 5.50000000 | 0.005002 | | | S E ENERGY-B-REV | 0.004990 | | | NY TRANSPRTN DEV CORP | 0.004909 | | | Southeast Energy Authority, Alabama, A Cooperative District Energy Supply Revenue Bonds Series 2024A | 0.004887 | ✓ | | Black Belt Energy Gas District, Series 2025, RB | 0.004779 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.004733 | | | NY LIBERTY DEV 3% 9/15/2043 | 0.004635 | | | MN AGRIC ECON DEVBRD | 0.004625 | | | NEW HAMPSHIRE ST HLTH & EDU FA REGD B/E 5.50000000 | 0.004623 | | | NOVANT HEALTH OBLIGATED GROUP 5.5% 06-01-50 | 0.004510 | | | NY TRANS CORP 5.375% 6/30/2060 @ | 0.004488 | ✓ | | DOWNTWN PUB INFRA-A | 0.004355 | | | MAIN STR NAT GA 0% 8/1/2052 | 0.004325 | | | CHATTANOOGA TN HLTH EDUCTNL & HSG FAC BRD | 0.004245 | | | KEISER UNIVERSITY OBLIGATED GROUP 6.25% 07-01-55 | 0.004175 | | | Louisiana (State of) Public Facilities Authority (I-10 Calcasieu River Bridge), Series 2024, RB | 0.004139 | ✓ | | WI PUBTRN 5.75 06/30/2060 | 0.004129 | | | Illinois (State of) Finance Authority (The University of Chicago), Series 2023 A, RB | 0.004031 | | | MASSACHUSETTS ST DEV FIN AGY REVENUE | 0.004006 | | | NY TRANS CORP(LAGUARDIA GATEW) 5.25% 1/1/50@ | 0.004000 | | | State of Illinois, Series A | 0.003970 | | | Chicago O'Hare International Airport, Series E | 0.003897 | | | MA ST DFA 5.25% 1/1/42 | 0.003874 | | | California Community Choice Financing Authority, Series B | 0.003778 | | | NY TRANSPRTN DEV -AMT | 0.003769 | | | MD HEFA 5.50% 1/1/2046 | 0.003762 | ✓ | | NY LIBERTY DEV CORP-A | 0.003693 | ✓ | | NOVELIS CORP (MPT) 5.0% 06-01-55 | 0.003586 | | | NY NYTTRN 5.5 06/30/2060 | 0.003580 | | | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE | 0.003571 | | | Tender Option Bond Trust Receipts/Certificates | 0.003570 | | ## Sources - N-PORT (fund A) — accession `0002071691-26-007577` (as of 2026-01-31) - N-PORT (fund B) — accession `0001410368-26-056355` (as of 2026-03-31) --- _Informational only — not investment advice. 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