Franklin LA Tax-Free Income A (FKLAX)
* As of 28-Feb-14
Quotes delayed, except where indicated otherwise. Currency in USD.
- No Headlines available for FKLAX at this time.
|Symbol||% Assets||YTD Return %|
|Louisiana St Gas & Fuels Tax R Gas An 5%||3.58||N/A|
|New Orleans La Pub Impt 5.125%||2.68||N/A|
|Alexandria La Utils Rev Util 5%||2.66||N/A|
|Louisiana Loc Govt Environment Ref Re 5%||2.38||N/A|
|Louisiana Loc Govt Environment Rev 5.25%||2.37||N/A|
|Morningstar Overall Rating:|
|Category:||Muni Single State Long|
|Annual Report Expense Ratio (net):||0.67%|
Performance & Risk
|5y Avg Return:||5.75%|
|Rank in Category (ytd):||62|
|% Rank in Category (ytd):||19.87%|
|Morningstar Risk Rating:||4|
The investment seeks to provide investors with as high a level of income exempt from federal income taxes as is consistent with prudent investment management and the preservation of shareholders' capital.
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. View More