# Portfolio overlap — FQLAX vs FMDTX Comparing **Franklin Louisiana Tax-Free Income Fund** (2026-02-28) and **Franklin Maryland Tax-Free Income Fund** (2026-02-28). - Shared positions: 13 - Franklin Louisiana Tax-Free Income Fund covered by Franklin Maryland Tax-Free Income Fund: 0.04759204741104837709607180535 - Franklin Maryland Tax-Free Income Fund covered by Franklin Louisiana Tax-Free Income Fund: 0.04759204741104837709607180535 ## 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 Maryland Tax-Free Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | MARYLAND ST STADIUM AUTH REVENUE | 0.039123 | | | Maryland Health & Higher Educational Facilities Authority, Series 2017 B | 0.032663 | | | Howard County Housing Commission, Series 2013 | 0.031989 | | | MD HEFA 5.50% 1/1/2046 | 0.031474 | | | Washington Suburban Sanitary Commission, Series 2023 | 0.029946 | | | State of Maryland, Series 2022 A | 0.028904 | | | MD ECON DEV CORP | 0.022851 | | | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE | 0.020107 | | | MD HLTH HGR EDL-C-REF | 0.017239 | | | State of Maryland Department of Transportation, Series 2024 A | 0.016923 | | | Maryland Economic Development Corp., Series 2022 A | 0.016565 | | | Maryland Economic Development Corp., Series 2024 | 0.016551 | | | County of Frederick, Series 2025 A | 0.016477 | | | Maryland (State of) Health & Higher Educational Facilities Authority (Loyola University Maryland, Inc.), Series 2025, Ref. RB | 0.016330 | | | MARYLAND ST ECON DEV CORP PRIV REGD B/E AMT 5.25000000 | 0.016240 | | | Howard County Housing Commission, Series 2017 | 0.016174 | | | MD HEFA 5% 5/15/2045 | 0.016151 | | | Maryland Health & Higher Educational Facilities Authority, Series 2004 | 0.016125 | | | UNIV SYS OF MD AUXILIARY FAC & REGD B/E 4.00000000 | 0.016056 | | | MD MDSDEV 5.25 06/30/2055 | 0.016032 | | | MARYLAND ST ECON DEV CORP STUDENT HSG REVENUE | 0.016007 | | | Montgomery (County of), MD, Series 2017, GO Bonds | 0.015997 | | | Washington Suburban Sanitary Commission, Series 2025 | 0.015761 | | | MD ECON DEV CORP -A | 0.015680 | | | MD HLTH & HGR ED FAC | 0.015296 | | | MD HEFA 4% 7/1/2048 | 0.014657 | | | Maryland (State of) Health & Higher Educational Facilities Authority, Series 2016 A, Ref. RB | 0.013373 | | | Maryland (State of) Stadium Authority (Baltimore City Public Schools), Series 2016, RB | 0.013131 | | | Maryland Health & Higher Educational Facilities Authority, Series 2016 | 0.012825 | | | Maryland (State of) Stadium Authority (Built to Learn), Series 2024, RB | 0.011753 | | | MD ST HLTH & HGR EDU | 0.011505 | | | PORTS AMERICA CHESAPEAKE LLC 5.0% 06-01-49 | 0.011288 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.011232 | ✓ | | Frederick County, Maryland, Special Obligation Bonds, Urbana Community Development Authority, Refunding Series 2020C | 0.011125 | | | Maryland Department of Housing & Community Development, Series 2025 C | 0.010871 | | | MD EDC STUD HSG 5% 6/1/43 | 0.010604 | | | Town of Chestertown, Series 2021 A | 0.010603 | | | Maryland Health & Higher Educational Facilities Authority, Series 2025 C-1 | 0.010558 | | | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE | 0.010148 | | | MARYLAND ST HLTH & HGR EDUCTNL MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AU | 0.010116 | | | Washington Metropolitan Area Transit Authority, Series 2021A | 0.010007 | | | State of Maryland Department of Transportation, Series 2021 B | 0.009996 | | | Washington Metropolitan Area Transit Authority, Series 2025 A | 0.009939 | | | City of Baltimore, Series 2016 | 0.009614 | | | Town of Chestertown, Series 2021 A | 0.009210 | | | Maryland Community Development Administration Local Government Infrastructure, Series 2019 B-1 | 0.009004 | | | MD ST HLTH & HGR EDU | 0.008939 | | | Washington Metropolitan Area Transit Authority, Series 2020 A, RB | 0.008324 | | | NJ TRANSPRTN TRUST-BB | 0.008210 | | | Town of Chestertown, Series 2021 A | 0.008166 | | ## Sources - N-PORT (fund A) — accession `0002071691-26-008650` (as of 2026-02-28) - N-PORT (fund B) — accession `0002071691-26-008598` (as of 2026-02-28) --- _Informational only — not investment advice. 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