FALEX: Franklin Alabama Tax Free Income Fund - MutualFunds.com
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Franklin Alabama Tax Free Income C

FALEX - Snapshot

Vitals

  • YTD Return 1.1%
  • 3 Yr Annualized Return 3.8%
  • 5 Yr Annualized Return 2.5%
  • Net Assets $251 M
  • Holdings in Top 10 36.7%

52 WEEK LOW AND HIGH

$11.64
$11.31
$11.64

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.31%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 24.03%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Single State Long

Compare FALEX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.89

0.00%

$85.72 B

-

$0.00

0.20%

0.17%

$11.26

0.00%

$36.46 B

-

$0.00

0.00%

0.17%

$13.76

0.00%

$26.45 B

-

$0.00

1.03%

0.52%

$117.60

+0.03%

$22.01 B

-

-

0.28%

0.07%

$15.94

0.00%

$21.98 B

-

$0.00

-0.06%

0.17%

FALEX - Profile

Distributions

  • YTD Total Return 1.1%
  • 3 Yr Annualized Total Return 3.8%
  • 5 Yr Annualized Total Return 2.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.10%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Franklin Alabama Tax Free Income Fund
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    May 01, 1995
  • Shares Outstanding
    1993170
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Bonelli

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 Alabama. The fund also may invest up to 35% of its total assets in municipal securities issued by U.S. territories.


FALEX - Performance

Return Ranking - Trailing

Period FALEX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -2.2% 7.3% 31.14%
1 Yr 3.4% -1.3% 22.3% 72.99%
3 Yr 3.8%* 0.3% 10.0% 68.17%
5 Yr 2.5%* -0.6% 7.8% 67.69%
10 Yr 3.3%* -0.2% 9.6% 65.08%

* Annualized

Return Ranking - Calendar

Period FALEX Return Category Return Low Category Return High Rank in Category (%)
2020 1.9% -2.8% 310.0% 37.65%
2019 3.3% -0.3% 15.4% 69.50%
2018 -2.6% -10.3% 97.2% 70.49%
2017 -0.3% -100.0% 7.6% 93.40%
2016 -1.5% -7.9% 96.8% 9.88%

Total Return Ranking - Trailing

Period FALEX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -2.2% 7.3% 31.08%
1 Yr 2.4% -5.4% 22.3% 67.99%
3 Yr 3.8%* -1.7% 10.0% 53.76%
5 Yr 2.5%* -1.8% 7.8% 56.74%
10 Yr 3.3%* -0.4% 9.6% 61.25%

* Annualized

Total Return Ranking - Calendar

Period FALEX Return Category Return Low Category Return High Rank in Category (%)
2020 1.9% -2.8% 310.0% 37.65%
2019 3.3% -0.3% 15.4% 69.92%
2018 -2.6% -10.3% 11.0% 72.23%
2017 -0.3% -100.0% 7.6% 93.75%
2016 -1.5% -7.9% 3.0% 13.75%

NAV & Total Return History


FALEX - Holdings

Concentration Analysis

FALEX Category Low Category High FALEX % Rank
Net Assets 251 M 907 K 85.7 B 64.21%
Number of Holdings 68 3 11766 94.48%
Net Assets in Top 10 91.7 M -241 M 4.15 B 45.19%
Weighting of Top 10 36.66% 2.3% 100.0% 6.58%

Top 10 Holdings

  1. BIRMINGHAM ALA WTRWKS BRD WTR REV 5% 4.92%
  2. HUNTSVILLE ALA HEALTH CARE AUTH 4% 4.74%
  3. DECATUR ALA WTR & SWR REV 4% 4.73%
  4. Homewood Ala Edl Bldg Auth Rev 5% 4.39%
  5. MOBILE ALA WTR & SWR COMMRS WTR & SWR REV 5% 4.36%
  6. BIRMINGHAM ALA 4% 3.60%
  7. UNIVERSITY ALA GEN REV 5% 3.33%
  8. BESSEMER ALA GOVERNMENTAL UTIL SVCS CORP WTR SUPPLY REV 5% 2.95%
  9. CALHOUN CNTY ALA BRD ED SPL TAX SCH WTS 5% 2.80%
  10. LIMESTONE CNTY ALA WTR & SWR AUTH WTR REV 5% 2.76%

Asset Allocation

Weighting Return Low Return High FALEX % Rank
Bonds
99.42% 65.18% 145.79% 36.12%
Cash
0.58% -45.79% 34.82% 62.15%
Stocks
0.00% -0.06% 2.34% 70.65%
Preferred Stocks
0.00% -0.94% 1.06% 71.20%
Other
0.00% -13.58% 30.00% 71.14%
Convertible Bonds
0.00% 0.00% 1.29% 71.31%

Bond Sector Breakdown

Weighting Return Low Return High FALEX % Rank
Municipal
99.42% 42.61% 100.00% 33.75%
Cash & Equivalents
0.58% 0.00% 34.82% 64.26%
Derivative
0.00% 0.00% 0.85% 71.31%
Securitized
0.00% 0.00% 7.07% 71.94%
Corporate
0.00% 0.00% 15.60% 75.98%
Government
0.00% 0.00% 50.29% 73.36%

Bond Geographic Breakdown

Weighting Return Low Return High FALEX % Rank
US
98.24% 65.18% 141.11% 27.77%
Non US
1.18% 0.00% 23.68% 49.40%

FALEX - Expenses

Operational Fees

FALEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.31% 0.01% 16.95% 25.16%
Management Fee 0.55% 0.00% 1.12% 92.30%
12b-1 Fee 0.65% 0.00% 1.00% 67.52%
Administrative Fee 0.15% 0.01% 0.47% 77.30%

Sales Fees

FALEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load 1.00% 0.25% 5.50% 74.49%

Trading Fees

FALEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

FALEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.03% 0.00% 299.40% 60.74%

FALEX - Distributions

Dividend Yield Analysis

FALEX Category Low Category High FALEX % Rank
Dividend Yield 0.00% 0.00% 1.75% 73.23%

Dividend Distribution Analysis

FALEX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

FALEX Category Low Category High FALEX % Rank
Net Income Ratio 2.10% -1.65% 5.71% 58.58%

Capital Gain Distribution Analysis

FALEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

FALEX - Fund Manager Analysis

Managers

John Bonelli


Start Date

Tenure

Tenure Rank

Jul 01, 2013

7.92

7.9%

Mr. Bonelli is a Portfolio Manager and Research Analyst of Franklin Advisers, Inc. He joined Franklin Templeton Investments in 2010.

John Wiley


Start Date

Tenure

Tenure Rank

Nov 02, 2020

0.58

0.6%

John Wiley, Senior Vice President, has been a lead portfolio manager since 1993. Wiley has been an analyst or portfolio manager with Franklin Templeton Investments, his employer since 1989. He holds the Chartered Financial Analyst designation.

Michael Conn


Start Date

Tenure

Tenure Rank

Nov 02, 2020

0.58

0.6%

Mr. Conn has been a portfolio manager of Franklin Advisers, Inc since November 2020. He joined Franklin Templeton in 2006.

Christopher Sperry


Start Date

Tenure

Tenure Rank

Nov 02, 2020

0.58

0.6%

Sperry has been an analyst or portfolio manager of Franklin Templeton Investments, his employer since 1996. Sperry holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 36.19 7.08 0.58