# Portfolio overlap — FQLAX vs FXCTX

Comparing **Franklin Louisiana Tax-Free Income Fund** (2026-02-28) and **Franklin Connecticut Tax-Free Income Fund** (2026-02-28).

- Shared positions: 10
- Franklin Louisiana Tax-Free Income Fund covered by Franklin Connecticut Tax-Free Income Fund: 0.03415675914560950905919256315
- Franklin Connecticut Tax-Free Income Fund covered by Franklin Louisiana Tax-Free Income Fund: 0.03415675914560950905919256314

## 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 Connecticut Tax-Free Income Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REV | 0.057603 |  |
| CT HLT&EDU FACS-L-REF | 0.052687 |  |
| State of Connecticut, Series 2020 A | 0.047764 |  |
| CONNECTICUT ST HLTH EDUCTNL FACS AUTHREVENUE | 0.040210 |  |
| TRINITY HEALTH CORP OBLIGATED GROUP 5.0% 12-01-45 | 0.032003 |  |
| State of Connecticut Special Tax, Series 2020A | 0.031514 |  |
| CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REV | 0.031056 |  |
| State of Connecticut, Series 2024 G | 0.028999 |  |
| CT ST HLTH and REV 5% 7/1/2042 | 0.028416 |  |
| Connecticut Housing Finance Authority, Series 2019 E-E1 | 0.027699 |  |
| Connecticut State Health & Educational Facilities Authority, Series S | 0.027588 |  |
| Connecticut (State of) Health & Educational Facilities Authority (Hartford Healthcare), Series 2021, RB | 0.027086 |  |
| COVENANT LIVING COMMUNITIES AND SERVICES OBLIGATED GROUP 5.0% 12-01-40 | 0.026042 |  |
| CONN ST HEALTH 5.25% 7/15/2048 | 0.022835 |  |
| Connecticut State Health & Educational Facilities Authority, Series X-2 | 0.022418 |  |
| CT ST HLTH-2015-A | 0.018852 |  |
| CONN ST HEALTH 4% 7/1/2037 | 0.016647 |  |
| CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE | 0.015441 |  |
| State of Connecticut, Series 2025 C | 0.014187 |  |
| CT CTSHGR 5.5 07/01/2051 | 0.013854 |  |
| STATE OF CONNECTICUT SPECIAL TAX REVENUE 5.0% 05-01-40 | 0.013730 |  |
| State of Connecticut, Series 2021 D | 0.013652 |  |
| City of New Haven, Series 2021 A | 0.012797 |  |
| CONNECTICUT ST HGR EDU SUPPLEMENT LOAN AUTH REVENUE | 0.012796 |  |
| CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE | 0.012014 |  |
| Connecticut State Health & Educational Facilities Authority, Series L | 0.011456 |  |
| South Central Connecticut Regional Water Authority, Series 32nd B | 0.011077 |  |
| State of Connecticut Special Tax Revenue 5.00% 05/01/2041 | 0.010405 |  |
| Connecticut Housing Finance Authority, Series 2019 E-E1 | 0.010107 |  |
| PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.009397 | ✓ |
| State of Connecticut, Series 2019 A | 0.009042 |  |
| CT ST HLTH -A | 0.008921 |  |
| State of Connecticut, Series 2024 A-2 | 0.008768 |  |
| CONNECTICUT ST HGR EDU SUPPLEM REGD OID B/E AMT 3.25000000 | 0.008398 |  |
| South Central Connecticut Regional Water Authority, Series 38th | 0.007505 |  |
| SACRED HEART UNIVERSITY INC 4.0% 07-01-45 | 0.007451 |  |
| Connecticut State Higher Education Supplement Loan Authority, Series 2020 D | 0.007350 |  |
| Capital Trust Authority, Series 2024 | 0.007244 | ✓ |
| CONNECTICUT ST SPL TAX OBLIG REVENUE | 0.007074 |  |
| South Central Connecticut Regional Water Authority, Series 39th A | 0.006741 |  |
| GUAM WTRWKS AUTH-A | 0.006709 |  |
| State of Connecticut Special Tax Revenue | 0.006648 |  |
| State of Connecticut, Series 2017 A | 0.006556 |  |
| City of New Britain, Series 2017 C | 0.006518 |  |
| UNIV OF CONNECTICUT CT REGD B/E ST APPR 5.00000000 | 0.006513 |  |
| JEROME HOME 4.0% 07-01-51 | 0.006474 |  |
| CONN ST HEALTH 4% 7/1/2038 | 0.006432 |  |
| Town of Stratford, Series 2017 | 0.006396 |  |
| State of Connecticut, Series 2015 A | 0.006394 |  |
| CT ST HLTH and REV 5% 7/1/2043 | 0.006389 |  |


## Sources

- N-PORT (fund A) — accession `0002071691-26-008650` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/757010/000207169126008650/0002071691-26-008650-index.htm>
- N-PORT (fund B) — accession `0002071691-26-008644` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/757010/000207169126008644/0002071691-26-008644-index.htm>

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_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._

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