# Portfolio overlap — FQLAX vs NOTAX Comparing **Franklin Louisiana Tax-Free Income Fund** (2026-02-28) and **DWS Strategic High Yield Tax-Free Fund** (2026-02-28). - Shared positions: 4 - Franklin Louisiana Tax-Free Income Fund covered by DWS Strategic High Yield Tax-Free Fund: 0.02451860474001770917457994814 - DWS Strategic High Yield Tax-Free Fund covered by Franklin Louisiana Tax-Free Income Fund: 0.02451860474001770917457994814 ## 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 | | ## DWS Strategic High Yield Tax-Free Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | MSR Energy Authority, Series B | 0.016393 | | | FLORIDA ST DEV FIN CORP SENIOR LIVING REVENUE | 0.015609 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.015213 | ✓ | | NYC NY 5.5% 8/1/50 | 0.013025 | | | PUBLIC FIN AUTH WI EDUCTNL FAC REVENUE | 0.012651 | | | STATE OF CALIFORNIA 5.0% 03-01-49 | 0.012430 | | | NYC TRANSITIONAL-I-1 | 0.012324 | | | WI PUBGEN 6 02/01/2062 | 0.011844 | | | Aurora Highlands Community Authority Board, Series 2021 A, Ref. RB | 0.011195 | | | ARIZONA ST INDL DEV AUTH SENIOR LIVING REVENUE | 0.010704 | | | PENINSULA TOWN CENTER VA CMNTY PTCDEV 09/45 FIXED 5 | 0.010694 | | | LOMA LINDA UNIVERSITY MEDICAL CENTER OBLIGATED GROUP 5.5% 12-01-54 | 0.010603 | | | CALIFORNIA ST MUNI FIN AUTH REVENUE | 0.010241 | | | VIRGINIA ST SMALL BUSINESS FIN REGD B/E AMT 4.00000000 | 0.010160 | | | PUBLIC AUTHORITY FOR COLORADO PUBUTL 11/28 FIXED OID 6.25 | 0.010101 | | | IOWA ST HGR EDU LOAN AUTH | 0.010055 | | | TX MATPOL 4.4 05/01/2030 | 0.009695 | | | WISCONSIN HLTH EDL FACS AUTH SENIOR LIVING REVENUE | 0.009522 | | | NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE | 0.009466 | | | MASSACHUSETTS ST DEV FIN AGY S REGD OID B/E 6.50000000 | 0.009195 | | | CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, Altana Glendale, Series 2021A-1 | 0.009022 | | | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE | 0.008446 | | | State of Illinois | 0.008411 | | | INDIANA ST FIN AUTH REVENUE | 0.008400 | | | UTAH ST CHRT SCH FIN AUTH CHRT SCH REVENUE | 0.008372 | | | SEMINOLE CTY 5.5% 11/15/2049 | 0.008273 | | | MD ECON DEV CORP | 0.008193 | | | NEW HOPE CULTURAL EDU FACS FIN CORP TX SENIOR LIVING REVENUE | 0.008145 | | | KANSAS CITY MO LAND CLEARANCE REDEV AUTH PROJ REVENUE | 0.008086 | | | River Islands Public Financing Authority, California, Special Tax Bonds, Community Facilities District 2019-1 Phase 2 Public Improvements, Series 2019 | 0.007718 | | | SIGNIA HOTEL MANAGEMENT LLC 5.0% 01-01-54 | 0.007447 | | | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | 0.007406 | | | WI PUBTRN 5.75 12/31/2065 | 0.007206 | | | WASHINGTON ST CONVENTION CENTER PUBLIC FACS DIST | 0.007168 | | | TX NEWEDU 4 04/01/2057 | 0.007164 | | | NEW HOPE CULTURAL EDU FACS FINCORP TX EDU REVENUE | 0.007086 | | | RI H and E BLDG CO 5% 7/1/2050 | 0.006961 | | | South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated Group), Series 2017, Ref. RB | 0.006882 | | | NJ EDA REV 5% 10/1/2039 | 0.006815 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2025B | 0.006801 | | | NEWBRIDGE ON THE CHARLES INC OBLIGATED GROUP 5.0% 10-01-57 | 0.006743 | | | MINNESOTA ST HSG FIN AGY REGD B/E GNMA/FN 5.00000000 | 0.006553 | | | Jacksonville, Florida, Educational Facilities Revenue Bonds, Jacksonville University Project, Series 2018B | 0.006529 | | | ILLINOIS ST HSG DEV AUTH REVENUE | 0.006502 | | | ORANGE HLTH FACS-A | 0.006415 | | | PUBLIC FIN AUTH WI SR LIVING CMNTY 1ST MTGE REVENUE | 0.006209 | | | RI STUD LN 4.125% 12/1/2043@ | 0.006132 | | | RESTRUCTURED-CABS-SER | 0.006120 | | | Charlotte (County of), FL Industrial Development Authority (Town & Country Utilities), Series 2025, RB | 0.006102 | | | CHATTANOOGA TN HLTH EDUCTNL & REGD B/E 5.25000000 | 0.006026 | | ## Sources - N-PORT (fund A) — accession `0002071691-26-008650` (as of 2026-02-28) - N-PORT (fund B) — accession `0001410368-26-040951` (as of 2026-02-28) --- _Informational only — not investment advice. 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