# Portfolio overlap — FQLAX vs FRALX Comparing **Franklin Louisiana Tax-Free Income Fund** (2026-02-28) and **Franklin Alabama Tax-Free Income Fund** (2026-02-28). - Shared positions: 11 - Franklin Louisiana Tax-Free Income Fund covered by Franklin Alabama Tax-Free Income Fund: 0.03671788658078556577682119209 - Franklin Alabama Tax-Free Income Fund covered by Franklin Louisiana Tax-Free Income Fund: 0.03671788658078556577682119209 ## 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 Alabama Tax-Free Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | University of Alabama (The), Series 2018 B-2 | 0.030907 | | | City of Huntsville, Series 2018 B | 0.029980 | | | Jefferson (County of), AL, Series 2024, Ref. Revenue Wts. | 0.028927 | | | Madison Water & Wastewater Board, Series 2017 | 0.028311 | | | Jacksonville State University, Series 2020 | 0.025919 | | | Special Care Facilities Financing Authority of the City of Pell City Alabama, Series 2021 A | 0.024626 | | | HUNTSVILLE HLTH-B | 0.021341 | | | Black Belt Energy Gas District (The), Series 2023 B, RB | 0.019911 | | | Bessemer Governmental Utility Services Corp., Series 2017 | 0.018654 | | | East Alabama Health Care Authority (The), Series 2018 A | 0.018654 | | | City of Trussville, Series 2018 A | 0.018366 | | | Madison City Board of Education, Series 2019 | 0.017902 | | | Florence City Board of Education, Series 2022 | 0.017375 | | | Alexander City Board of Education, Series 2022 | 0.017086 | | | Auburn University, Series 2025, RB | 0.016934 | | | Mobile (City of), AL Infirmary Health System Special Care Facilities Financing Authority, Series 2021 A, Ref. RB | 0.016447 | | | City of Bessemer, Series 2017 | 0.015769 | | | Jacksonville State University, Series 2017 | 0.015557 | | | University of Montevallo, Series 2017 | 0.015426 | | | City of Lincoln, Series 2020 | 0.014467 | | | S E ENERGY-B-REV | 0.013388 | | | DCH HLTH CARE -A-REV | 0.013365 | | | SOUTHEAST ENERGY AUTH VAR | 0.013189 | | | BLACK BELT ENRY GAS-A | 0.013157 | | | Homewood Educational Building Authority, Series 2019 A | 0.012943 | | | Public Finance Authority, Series 2025 A-2 | 0.012797 | ✓ | | SOUTHEAST ENERGY AUTH VAR | 0.012489 | | | Columbia Industrial Development Board, Series 2014 D | 0.012409 | | | Water Works Board of the City of Birmingham (The), Series 2016B | 0.012405 | | | UNIV SOUTH AL 5% 4/1/2049 | 0.012379 | | | Talladega County Board of Education, Series 2017 | 0.012358 | | | Opelika Utilities Board, Series 2017 | 0.012156 | | | DCH Healthcare Authority, Series 2015 | 0.012131 | | | Mobile (County of), AL (Gomessa), Series 2020, Revenue Wts. | 0.012049 | | | Mobile County Board of School Commissioners, Series 2022, RB | 0.011857 | | | HUNTSVILLE HLTH CARE | 0.011572 | | | LIMESTONE CO WTR SWR | 0.011362 | | | City of Tuscaloosa, Series 2020 A | 0.011178 | | | Alabama Community College System, Series 2019 | 0.010945 | | | Birmingham-Jefferson Civic Center Authority, Series 2018 A | 0.010240 | | | Alabama State University, Series 2022 | 0.009998 | | | Selma Industrial Development Board, Series 2020A | 0.009783 | | | Alabama State University, Series 2022 | 0.009767 | | | Alabaster Board of Education, Series 2022 | 0.009500 | | | Alabaster Board of Education, Series 2022 | 0.009352 | | | Capital Trust Authority, Series 2024 | 0.008953 | ✓ | | Public Finance Authority, Series 2024 A-2 | 0.008653 | | | City of Tuscaloosa, Series 2025B | 0.008096 | | | Black Belt Energy Gas District, Series 2025, RB | 0.007955 | | | Homewood Educational Building Authority, Series 2021 A | 0.007465 | | ## Sources - N-PORT (fund A) — accession `0002071691-26-008650` (as of 2026-02-28) - N-PORT (fund B) — accession `0002071691-26-008606` (as of 2026-02-28) --- _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._ _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._ _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. See _