# Portfolio overlap — FQLAX vs FRPAX Comparing **Franklin Louisiana Tax-Free Income Fund** (2026-02-28) and **Franklin Pennsylvania Tax-Free Income Fund** (2026-02-28). - Shared positions: 11 - Franklin Louisiana Tax-Free Income Fund covered by Franklin Pennsylvania Tax-Free Income Fund: 0.03181959128012092927499638690 - Franklin Pennsylvania Tax-Free Income Fund covered by Franklin Louisiana Tax-Free Income Fund: 0.03181959128012092927499638690 ## 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 Pennsylvania Tax-Free Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Pennsylvania Higher Educational Facilities Authority, Series 2025 A | 0.023279 | | | GEISINGER PA AUTH HLTH SYS REV REGD B/E 5.00000000 | 0.020311 | | | Lehigh County General Purpose Authority, Series 2022 | 0.020181 | | | Pennsylvania Turnpike Commission, Series 2025, RB | 0.018052 | | | PHILIDELPHIA AUTH-B-1 | 0.016691 | | | PHILA PA MHSG 5.5% 12/1/2058 | 0.015508 | | | PHIL PA AIRPORT 5% 7/1/2047 @ | 0.015269 | | | Montgomery County Industrial Development Authority, Series 2025 A | 0.014622 | | | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2020-132A | 0.014489 | | | Pennsylvania Turnpike Commission, Series 2021B | 0.014404 | | | PA ALTDEV 5 05/01/2042 | 0.014181 | | | PHILADELPHIA PA GAS WKS REVENUE | 0.013825 | | | Allegheny County Airport Authority, Series 2021 A | 0.013460 | | | Pennsylvania Higher Educational Facilities Authority, Series 2021 A | 0.013460 | | | PHILADELPHIA PA AUTH FOR INDL DEV UNIV REVENUE | 0.013338 | | | PENNSYLVANIA ST ECON DEV FING REGD OID B/E AMT 5.25000000 | 0.013125 | | | Bucks (County of), PA Industrial Development Authority (St. Luke's University Health Network), Series 2021, RB | 0.012892 | | | Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University), Series 2018, Ref. RB | 0.012636 | | | Pennsylvania Turnpike Commission, Series 2025 A | 0.012467 | | | ST PUB SCH BLDG-A-REF | 0.010967 | | | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE | 0.009991 | | | MET TRANSPRTN AUTH NY REVENUE | 0.009803 | | | UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM OBLIGATED GROUP 4.0% 08-15-49 | 0.009740 | | | PENNSYLVANIA ST HSG FIN AGY SF REGD B/E 4.90000000 | 0.009730 | | | ERIE WTR AUTH WTR | 0.009288 | | | Allegheny County Higher Education Building Authority, Series 2021 A | 0.009120 | | | Delaware County Authority, Series 2017 A | 0.008977 | | | Capital Trust Authority, Series 2024 | 0.008709 | ✓ | | Westmoreland County Municipal Authority, Series 2025 A | 0.008605 | | | NY MTA TRANSP 4% 11/15/2046 | 0.008437 | | | PHIL PA WTR 5.50% 6/1/2047 | 0.008169 | | | PENNSYLVANIA ST UNIV | 0.008117 | | | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2025A | 0.008109 | | | PHIL PA WTR 5.25% 9/1/2054 | 0.008072 | | | Northampton County General Purpose Authority, Series 2024A-1 | 0.008028 | | | ALLEG PA ARPT 5.50% 1/1/2053 @ | 0.007973 | | | Capital Trust Agency, Inc., Series 2021 A-1 | 0.007949 | | | Southeastern Pennsylvania Transportation Authority, Series 2022 | 0.007938 | | | County of Allegheny, Series C-77 | 0.007934 | | | PA CUMGEN 5.5 06/01/2051 | 0.007755 | | | PHIL PA AIRPORT 5% 7/1/2051 @ | 0.007689 | | | MONTGOMERY HGR EDU-B | 0.007642 | | | Erie County Industrial Development Authority, Series 2024 A | 0.007591 | | | PENNSYLVANIA ST HSG FIN AGY SF REGD B/E 3.40000000 | 0.007572 | | | City of Philadelphia, Series 2020 C | 0.007571 | | | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE | 0.007522 | | | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2024C | 0.007284 | | | Lancaster Higher Education Authority, Series 2022 A | 0.007284 | | | ALLEG PA ARPT 5% 1/1/2032 @ | 0.007218 | | | Lancaster Higher Education Authority, Series A | 0.007020 | | ## Sources - N-PORT (fund A) — accession `0002071691-26-008650` (as of 2026-02-28) - N-PORT (fund B) — accession `0002071691-26-008648` (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 _