# Portfolio overlap — FQLAX vs FRNJX Comparing **Franklin Louisiana Tax-Free Income Fund** (2026-02-28) and **Franklin New Jersey Tax-Free Income Fund** (2026-02-28). - Shared positions: 13 - Franklin Louisiana Tax-Free Income Fund covered by Franklin New Jersey Tax-Free Income Fund: 0.03297420744396647167483014750 - Franklin New Jersey Tax-Free Income Fund covered by Franklin Louisiana Tax-Free Income Fund: 0.03297420744396647167483014750 ## 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 New Jersey Tax-Free Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | DE RIVER JT TOLL | 0.024213 | | | NEWARK HSG AUTH-REF | 0.023597 | | | NJ EDA SPL 5% 10/1/2047@ | 0.023346 | | | New Jersey (State of) Health Care Facilities Financing Authority (Inspira Health Obligated Group), Series 2016, RB | 0.022532 | | | TOBACCO SETTLEMENT FING CORP N TOBGEN 06/46 FIXED 5.25 | 0.020814 | | | NJ TURNPIKE AUTH-A | 0.019322 | | | NJ VIRTUA HEALTH 09C L=JP V1 | 0.019308 | | | NJ TPK AUTH-C-REF | 0.018819 | | | Delaware (State of) River & Bay Authority, Series 2019, RB | 0.015242 | | | VALLEY HEALTH SYSTEM OBLIGATED GROUP 4.0% 07-01-44 | 0.013910 | | | NJ ST HLTH-REF-A | 0.013722 | | | State of New Jersey, Series 2020A | 0.013386 | | | NJ TPK AUTH-A | 0.013067 | | | NJ ST EDU AUT 4% 7/1/2050 | 0.012504 | | | NJ TRANSPRTN TRUST-CC | 0.012368 | | | Delaware (State of) River Port Authority, Series 2018 A, RB | 0.012293 | | | NJ HLTH CARE 5% 7/1/43 | 0.012227 | | | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE | 0.012180 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.011931 | ✓ | | NJ EDU FACS-A | 0.011609 | | | NEW JERSEY ST E(PRINCETON UNIV) 5.25% 3/1/54 | 0.011271 | | | NJ ECON-REF-SCH-N-1 | 0.011042 | | | STATE OF NEW JERSEY 5.0% 06-15-45 | 0.010728 | | | STATE OF NEW JERSEY 0.0% 12-15-32 | 0.010094 | | | NJ TPK AUTH-C-REF | 0.009874 | | | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE | 0.009827 | | | NJ TRN FD CAB-SER C | 0.009819 | | | County of Monmouth, Series 2025 ABCE | 0.009814 | | | Port Authority of New York & New Jersey, Series 244 | 0.009587 | | | DEL RIV PORT 5% 1/1/2038 | 0.009020 | | | NJ EDA WTR 5% 8/1/2059 @ | 0.008947 | | | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE | 0.008666 | | | STATE OF NEW JERSEY 4.0% 06-15-46 | 0.008650 | | | PROVIDENT GROUP-ROWAN PROPERTIES LLC 5.0% 01-01-48 | 0.008469 | | | Port Authority of New York & New Jersey, Series 250 | 0.008433 | | | GUAM WTRWKS AUTH-A | 0.008049 | | | NJ HSG & MTGE FIN AGY | 0.007951 | | | NJ HLTH CARE FACS-A | 0.007765 | | | NJ INFRASTRUCTURE BK- | 0.007751 | | | Port Authority of New York & New Jersey, Series 242 | 0.007727 | | | New Jersey Transportation Trust Fund Authority, Series 2009 A | 0.007481 | | | South Jersey Transportation Authority, Series 2022 A, RB | 0.007413 | | | PROVIDENT GROUP-MONTCLAIR PROPERTIES LLC AG 5.0% 06-01-42 | 0.007410 | | | Hudson County Improvement Authority, Series 2016 | 0.007304 | | | South Jersey Transportation Authority, Series 2020 A, RB | 0.007274 | | | NJ TRANSP 4% 6/15/2044 | 0.007257 | | | GUAM WTRWKS AUTH-A | 0.007199 | | | Cumberland County Improvement Authority (The), Series 2019 | 0.007130 | | | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE | 0.007125 | | | NJ TECH INSTITUTE-A | 0.007097 | | ## Sources - N-PORT (fund A) — accession `0002071691-26-008650` (as of 2026-02-28) - N-PORT (fund B) — accession `0002071691-26-008626` (as of 2026-02-28) --- _Informational only — not investment advice. 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