FLTZX: Franklin Louisiana Tax Free Income Adv

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

FLTZX Franklin Louisiana Tax Free Income Adv


Profile

FLTZX - Profile

Vitals

  • YTD Return 2.5%
  • 3 Yr Annualized Return 1.1%
  • 5 Yr Annualized Return N/A
  • Net Assets $401 M
  • Holdings in Top 10 25.9%

52 WEEK LOW AND HIGH

$11.53
$10.92
$11.53

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.63%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 9.46%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 2.5%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.31%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Franklin Louisiana Tax Free Income Fund
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    Sep 15, 2016
  • Shares Outstanding
    2336544
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Francisco Rivera

Fund Description

The fund invests at least 80% of its total assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. In addition, under normal market conditions, it invests at least 80% of its total assets in securities that pay interest free from the personal income taxes, if any, of Louisiana. The fund also may invest up to 35% of its total assets in municipal securities issued by U.S. territories.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

FLTZX - Performance

Return Ranking - Trailing

Period FLTZX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -2.2% 10.0% 37.04%
1 Yr 5.4% -3.0% 24.4% 51.45%
3 Yr 1.1%* -3.0% 5.8% 60.77%
5 Yr N/A* -2.9% 12.5% 10.60%
10 Yr N/A* -5.2% 3.9% 11.95%

* Annualized

Return Ranking - Calendar

Period FLTZX Return Category Return Low Category Return High Rank in Category (%)
2019 3.5% -1.7% 18.3% 61.27%
2018 -2.1% -11.7% 4.6% 38.18%
2017 0.0% -4.4% 8.3% 82.57%
2016 N/A -7.8% 7.7% N/A
2015 N/A -18.3% 3.0% N/A

Total Return Ranking - Trailing

Period FLTZX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -2.2% 10.0% 37.04%
1 Yr 5.4% -3.0% 24.4% 51.31%
3 Yr 1.1%* -3.0% 8.1% 67.23%
5 Yr N/A* -2.9% 12.5% 6.62%
10 Yr N/A* -1.3% 7.0% 7.57%

* Annualized

Total Return Ranking - Calendar

Period FLTZX Return Category Return Low Category Return High Rank in Category (%)
2019 3.5% -1.7% 18.3% 61.96%
2018 -2.1% -11.7% 6.5% 46.72%
2017 0.0% -4.4% 10.4% 85.51%
2016 N/A -7.8% 10.7% N/A
2015 N/A -12.6% 4.2% N/A

NAV & Total Return History


Holdings

FLTZX - Holdings

Concentration Analysis

FLTZX Category Low Category High FLTZX % Rank
Net Assets 401 M 690 K 259 B 60.27%
Number of Holdings 99 1 17668 82.03%
Net Assets in Top 10 104 M -216 M 21.4 B 52.27%
Weighting of Top 10 25.91% 2.5% 100.0% 36.00%

Top 10 Holdings

  1. LOUISIANA ST GAS & FUELS TAX REV 5% 3.06%
  2. LOUISIANA PUB FACS AUTH HOSP REV 5% 3.02%
  3. NEW ORLEANS LA AVIATION BRD REV 5% 2.96%
  4. LOUISIANA PUB FACS AUTH REV 5% 2.93%
  5. LOUISIANA ST HWY IMPT REV 5% 2.85%
  6. ALEXANDRIA LA UTILS REV 5% 2.81%
  7. KENNER LA SALES TAX REV 5% 2.42%
  8. LOUISIANA ST 5% 2.15%
  9. LOUISIANA PUB FACS AUTH LEASE REV 5% 1.89%
  10. LAFAYETTE PARISH LA SCH BRD SALES TAX REV 5% 1.81%

Asset Allocation

Weighting Return Low Return High FLTZX % Rank
Bonds
99.19% 80.02% 159.74% 28.62%
Cash
0.81% -59.74% 19.63% 66.63%
Stocks
0.00% -0.98% 25.43% 88.07%
Preferred Stocks
0.00% 0.00% 7.43% 90.78%
Other
0.00% -8.60% 31.85% 86.96%
Convertible Bonds
0.00% 0.00% 7.23% 93.85%

Bond Sector Breakdown

Weighting Return Low Return High FLTZX % Rank
Municipal
99.19% 0.00% 100.11% 20.22%
Cash & Equivalents
0.81% -29.57% 27.25% 74.49%
Derivative
0.00% -0.83% 22.35% 90.28%
Securitized
0.00% 0.00% 98.40% 94.57%
Corporate
0.00% 0.00% 99.62% 95.82%
Government
0.00% -2.21% 122.41% 95.03%

Bond Geographic Breakdown

Weighting Return Low Return High FLTZX % Rank
US
97.89% 58.28% 156.78% 27.30%
Non US
1.30% -12.35% 26.76% 65.06%

Expenses

FLTZX - Expenses

Operational Fees

FLTZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.63% 0.01% 38.00% 65.91%
Management Fee 0.51% 0.00% 1.10% 91.64%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.00% 0.50% 85.48%

Sales Fees

FLTZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

FLTZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FLTZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.46% 0.00% 489.00% 7.94%

Distributions

FLTZX - Distributions

Dividend Yield Analysis

FLTZX Category Low Category High FLTZX % Rank
Dividend Yield 1.61% 0.00% 3.16% 2.36%

Dividend Distribution Analysis

FLTZX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FLTZX Category Low Category High FLTZX % Rank
Net Income Ratio 3.31% 0.00% 6.30% 13.74%

Capital Gain Distribution Analysis

FLTZX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

FLTZX - Fund Manager Analysis

Managers

Francisco Rivera


Start Date

Tenure

Tenure Rank

Dec 31, 1996

23.1

23.1%

Mr. Rivera,Vice President, has been a lead portfolio manager since 1996. He has primary responsibility for the investments. He has final authority over all aspects of the Fund's investment portfolio, including but not limited to, purchases and sales of individual securities, portfolio risk assessment, and the management of daily cash balances in accordance with anticipated investment management requirements. The degree to which he may perform these functions, and the nature of these functions, may change from time to time. He joined Franklin Templeton Investments in 1994.

Michael Conn


Start Date

Tenure

Tenure Rank

Feb 28, 2010

9.93

9.9%

James Conn, CFA Senior Vice President and portfolio manager at Franklin Advisers, Inc. Mr. Conn has been an analyst or portfolio manager of the Kentucky, Louisiana, Maryland and Virginia Funds since February 2010. He joined Franklin Templeton Investments in 2001.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 33.19 7.42 0.08