# Portfolio overlap — FQLAX vs FKTIX Comparing **Franklin Louisiana Tax-Free Income Fund** (2026-02-28) and **Franklin Federal Tax-Free Income Fund** (2026-01-31). - Shared positions: 23 - Franklin Louisiana Tax-Free Income Fund covered by Franklin Federal Tax-Free Income Fund: 0.04611695780490949605423972900 - Franklin Federal Tax-Free Income Fund covered by Franklin Louisiana Tax-Free Income Fund: 0.04611695780490949605423972899 ## Franklin Louisiana Tax-Free Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Louisiana (State of) Public Facilities Authority (Louisiana Children's Medical Center), Series 2015, RB | 0.037124 | | | City of New Orleans, Series 2021 A | 0.029954 | | | State of Louisiana, Series 2024 A | 0.028083 | | | OCHSNER CLINIC FOUNDATION OBLIGATED GROUP 5.0% 05-15-42 | 0.026933 | | | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Woman's Hospital Foundation), Series 2017 A, Ref. RB | 0.024949 | | | Louisiana (State of) Public Facilities Authority (I-10 Calcasieu River Bridge), Series 2024, RB | 0.024325 | ✓ | | Jefferson Parish Consolidated Waterworks District No. 2, Series 2022 | 0.023981 | | | SHREVEPORT LA REGD B/E AG 5.00000000 | 0.023788 | | | Louisiana Public Facilities Authority, Series 2019 A | 0.023771 | | | New Orleans Aviation Board, Series A | 0.023471 | | | Louisiana Public Facilities Authority, Series 2015 A | 0.023215 | | | Louisiana State University & Agricultural & Mechanical College, Series 2016 A | 0.021211 | | | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2024 A-2 | 0.020404 | ✓ | | Louisiana Public Facilities Authority, Series 2020 A | 0.020272 | | | SHREVEPORT WTR & SWR | 0.018129 | ✓ | | Shreveport, Louisiana, Water and Sewer Revenue Bonds, Refunding Series 2020B | 0.017145 | | | St. John the Baptist, Series 2023 | 0.016863 | | | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Ragin Cajun Facilities, Inc.), Series 2018, RB | 0.016474 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.015941 | | | Louisiana Public Facilities Authority, Series 2021 | 0.015726 | | | Louisiana Public Facilities Authority, Series 2025, RB | 0.014688 | ✓ | | PORT NEW ORLEANS LA BRD OF COMMISSIONERS PORT FAC REVENUE | 0.014568 | | | Louisiana Public Facilities Authority, Series 2016 A | 0.014192 | | | St. Tammany Parish Hospital Service District No. 1, Series 2018 A | 0.014140 | | | E BATON ROUGE PARISH LA SWR CO EASUTL 02/45 FIXED 4 | 0.014028 | | | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2024 | 0.013196 | | | West Feliciana Parish Parishwide Consolidated School District No. 1, Series 2020 | 0.012646 | | | Louisiana Public Facilities Authority, Series 2021 | 0.012624 | | | Parish of Terrebonne, Series 2020 A | 0.012596 | | | LOUISIANA ST LOCAL GOVT ENVRNM REGD B/E 2.50000000 | 0.012572 | | | N ORLEANS AVIAT 5.25% 1/1/2045 @ | 0.012386 | | | State of Louisiana, Series 2016 A | 0.012163 | | | City of Lafayette, Series 2019 A | 0.011480 | | | SOUTH QUAD L3C AG 5.25% 07-01-55 | 0.011037 | | | TANGIPAHOA PSH-REF | 0.010857 | | | LOUISIANA ST PUBLIC FACS AUTH LEASE REVENUE | 0.010800 | | | LAFAYETTE SCH 4% 4/1/53 | 0.010799 | | | Jefferson Sales Tax District, Series 2017 B | 0.010746 | | | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (St. Tammany Parish Gomesa), Series 2020, RB | 0.010594 | ✓ | | Port New Orleans Board of Commissioners, Series 2020 D | 0.009539 | | | TANGIPAHOA PSH-REF | 0.009505 | | | Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation), Series 2017, Ref. RB | 0.009399 | ✓ | | Louisiana Public Facilities Authority, Series 2021 | 0.009331 | | | Capital Trust Authority, Series 2024 | 0.009203 | ✓ | | LOUISIANA STADIUM & EXPOSITION REGD B/E 5.25000000 | 0.008550 | | | State of Louisiana, Series 2025 B | 0.008385 | | | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2022 | 0.008093 | ✓ | | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH REVE | 0.007818 | ✓ | | LAFAYETTE SCH 5.75% 4/1/2055 | 0.007714 | | | East Ouachita Parish School District, Series 2025 | 0.007604 | | ## 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 | | ## Sources - N-PORT (fund A) — accession `0002071691-26-008650` (as of 2026-02-28) - N-PORT (fund B) — accession `0002071691-26-007577` (as of 2026-01-31) --- _Informational only — not investment advice. 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