# Portfolio overlap — FQLAX vs FTLAX Comparing **Franklin Louisiana Tax-Free Income Fund** (2026-02-28) and **Nuveen Louisiana Municipal Bond Fund** (2026-02-28). - Shared positions: 20 - Franklin Louisiana Tax-Free Income Fund covered by Nuveen Louisiana Municipal Bond Fund: 0.1460739865995360944765571410 - Nuveen Louisiana Municipal Bond Fund covered by Franklin Louisiana Tax-Free Income Fund: 0.1460739865995360944765571411 ## 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 | | ## Nuveen Louisiana Municipal Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | LOUISIANA ST PUBLIC FACS AUTHREVENUE | 0.033707 | | | LOUISIANA ST PUBLIC FACS AUTH REGD B/E 5.00000000 | 0.027638 | | | Louisiana Publics Facilities Authority, Louisiana, Revenue Bonds, I-10 Calcasieu River Bridge Public-Private Partnership Project, Senior Lien Series 2 | 0.024490 | | | Louisiana Public Facilities Authority, Lease Revenue Bonds, Provident Group-Flagship Properties LLC - Louisiana State University GreenHouse District P | 0.020798 | | | OCHSNER CLINIC FOUNDATION OBLIGATED GROUP 5.5% 05-15-55 | 0.019586 | | | PRT NEW ORLEANS 5.50% 4/1/2054 @ | 0.019483 | | | State of Louisiana, Series 2024 A | 0.016179 | ✓ | | Louisiana Public Facilities Authority, Louisiana, Revenue Bonds, Christus Health, Refunding Series 2019A | 0.015487 | | | Louisiana (State of) Public Facilities Authority (Tulane University of Louisiana), Series 2023 A, Ref. RB | 0.014441 | | | Louisiana Public Facilities Authority, Revenue Bonds, Loyola University Project, Refunding Series 2017 | 0.014269 | | | Jefferson Sales Tax District, Series 2017 B | 0.014130 | ✓ | | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Woman's Hospital Foundation), Series 2017 A, Ref. RB | 0.014114 | ✓ | | Louisiana (State of) Public Facilities Authority (Louisiana Children's Medical Center), Series 2015, RB | 0.014081 | ✓ | | Jefferson Sales Tax District, Jefferson Parish, Louisiana, Special Sales Tax Revenue Bonds, Series 2019B | 0.014017 | | | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Ragin Cajun Facilities, Inc.), Series 2018, RB | 0.013926 | ✓ | | LOUISIANA ST PUBLIC FACS AUTH HOSP REVENUE | 0.013917 | | | Port New Orleans Board of Commissioners, Louisiana, Revenue Bonds, Port Facilities, Refunding Series 2018B | 0.012810 | | | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH REVE | 0.012549 | | | LOUISIANA STADIUM & EXPOSITION REGD B/E 5.00000000 | 0.011169 | | | Saint Tammany Parish Hospital Service District 2, Louisiana, General Obligation Bonds, Series 2025 | 0.010772 | | | Louisiana Public Facilities Authority, Series 2025, RB | 0.010622 | ✓ | | Louisiana Local Government Environmental Facilities and Community Development Authority, Revenue Bonds, Nicholls State University Student Recreation C | 0.010431 | | | ST JAMES REV 6.1% 6/1/2038 | 0.010268 | | | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH RETI | 0.010209 | | | Louisiana Public Facilities Authority, Lease Revenue Bonds, Provident Group-Flagship Properties LLC - Louisiana State University GreenHouse District P | 0.010067 | | | TERREBONNE PSH HOSP | 0.009876 | | | LOUISIANA ST PUBLIC FACS AUTHREVENUE | 0.009519 | | | New Orleans, Louisiana, General Obligation Bonds, Public Improvement Series 2021A | 0.009513 | | | New Orleans, Louisiana, General Obligation Bonds, Refunding Series 2022 | 0.009407 | | | Port New Orleans Board of Commissioners, Series 2020 D | 0.009407 | ✓ | | UNIVERSITY OF LOUISIANA AT LAFAYETTE AG 5.0% 10-01-39 | 0.009394 | ✓ | | Jefferson Sales Tax District, Jefferson Parish, Louisiana, Special Sales Tax Revenue Bonds, Series 2019B | 0.009382 | | | Louisiana Local Government Environmental Facilities & Community Development Auth, Series 2025 | 0.009300 | | | Shreveport, Louisiana, Water and Sewer Revenue Bonds, Series 2016B | 0.009279 | | | Louisiana (State of) Public Facilities Authority (Loyola University Maryland, Inc.), Series 2023, RB | 0.009263 | | | Louisiana Public Facilities Authority, Louisiana, Revenue Bonds, Lake Charles Charter Academy Foundation Project, Refunding Series 2024A | 0.009220 | | | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Woman's Hospital Foundation), Series 2017, Ref. RB | 0.009138 | | | Saint Tammany Parish Hospital Service District 2, Louisiana, General Obligation Bonds, Series 2025 | 0.009088 | | | Louisiana Housing Corp., Series D | 0.008780 | | | N ORLEANS AVIAT 5% 1/1/2048 @ | 0.008681 | | | NEW ORLEANS LA AVIATION BRD SPL FAC REVENUE | 0.008529 | | | LOUISIANA STADIUM & EXPOSITION REGD B/E 5.25000000 | 0.008359 | ✓ | | St Tammany Parish Hospital Service District No 1 | 0.008228 | | | Louisiana Housing Finance Agency, Multifamily Housing Revenue Bonds, Mallard Crossings Apartments, Series 2011 | 0.008186 | | | Lafourche Parish Water District 1, Louisiana, Water Revenue Bonds, Series 2025 | 0.007896 | | | Louisiana Local Government Environmental Facilities & Community Development Auth 5.00% 02/01/2041 | 0.007735 | | | E BATON ROUGE PARISH LA SWR CO EASUTL 02/45 FIXED 4 | 0.007678 | ✓ | | Louisiana Publc Facilities Authority, Lousiana, Revenue Bonds, Young Audiences Charter School, Series 2019A | 0.007615 | | | Calcasieu Parish School District 23, Louisiana, General Obligation Bonds, Public School Improvement Series 2019 | 0.007531 | | | Juban Crossing Economic Development District, Louisiana, Revenue Bonds, General Infrastructure Projects, Subordinate Lien Series 2025C | 0.007517 | | ## Sources - N-PORT (fund A) — accession `0002071691-26-008650` (as of 2026-02-28) - N-PORT (fund B) — accession `0001020661-26-000023` (as of 2026-02-28) --- _Informational only — not investment advice. 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