{"entity_type":"fund","name":"Franklin Alabama Tax-Free Income Fund","identifiers":{"lei":"54930054I1F62XK86784","cik":"757010","fund_id":"S000006911","fundkey":"franklin-alabama-tax-free-income-fund"},"dates":{"reporting_period_start":"2025-11-30","reporting_period_end":"2026-02-28","filing_date":"2026-01-27"},"summary":{"total_positions":108,"total_value_usd":179665942.43,"asset_categories":["DBT"],"by_asset_category":{"DBT":{"positions":108,"total_value_usd":179665942.43}}},"holdings":[{"issuer_name":"UAB Medicine Finance Authority","title":"UAB Medicine Finance Authority, Series 2016 B","isin":"US902562AN75","value_usd":5097176.5,"pct_val":3.012092941575,"balance":5000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"University of Alabama (The)","title":"University of Alabama (The), Series 2018 B-2","isin":"US914025GM76","value_usd":5091591.5,"pct_val":2.981174521873,"balance":5000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Huntsville AL","title":"City of Huntsville, Series 2018 B","isin":"US447025L887","value_usd":4927366.43,"pct_val":2.885019204909,"balance":4775000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"County of Jefferson AL Sewer Revenue","title":"County of Jefferson, Series 2024","isin":"US472682ZS54","value_usd":4743180,"pct_val":2.777176324664,"balance":4500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Madison Water & Wastewater Board","title":"Madison Water & Wastewater Board, Series 2017","isin":"US556589HC66","value_usd":4667114.21,"pct_val":2.732639092026,"balance":4610000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Jacksonville State University","title":"Jacksonville State University, Series 2020","isin":"US469205LF34","value_usd":4285085,"pct_val":2.508957410676,"balance":5000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Tuscaloosa AL","title":"City of Tuscaloosa, Series 2020 A","isin":"US900577L705","value_usd":4278952.94,"pct_val":2.5053670321,"balance":4580000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Special Care Facilities Financing Authority of the City of Pell City Alabama","title":"Special Care Facilities Financing Authority of the City of Pell City Alabama, Series 2021 A","isin":"US705888CK96","value_usd":3964937.2,"pct_val":2.321507874594,"balance":4000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Health Care Authority of the City of Huntsville (The)","title":"Health Care Authority of the City of Huntsville (The), Series 2025 B","isin":"US44706HDY09","value_usd":3425157.9,"pct_val":2.005462037729,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Black Belt Energy Gas District","title":"Black Belt Energy Gas District, Series 2023 B-2","isin":"US09182NCT54","value_usd":3249824.4,"pct_val":1.902802630934,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Bessemer Governmental Utility Services Corp.","title":"Bessemer Governmental Utility Services Corp., Series 2017","isin":"US086377DT24","value_usd":3074544.3,"pct_val":1.80017449034,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"East Alabama Health Care Authority (The)","title":"East Alabama Health Care Authority (The), Series 2018 A","isin":"US270416FH86","value_usd":3061799.1,"pct_val":1.792712056341,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Trussville AL","title":"City of Trussville, Series 2018 A","isin":"US898242MA74","value_usd":3005413.2,"pct_val":1.759697583661,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Infirmary Health System Special Care Facilities Financing Authority of Mobile","title":"Infirmary Health System Special Care Facilities Financing Authority of Mobile, Series 2016 A","isin":"US45663NBV38","value_usd":3004519.5,"pct_val":1.759174313939,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Alabama Special Care Facilities Financing Authority-Birmingham AL","title":"Alabama Special Care Facilities Financing Authority-Birmingham, Series 2016 B","isin":"US010399CR21","value_usd":2997089.4,"pct_val":1.794672784059,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Madison City Board of Education","title":"Madison City Board of Education, Series 2019","isin":"US55658FAV76","value_usd":2852016.9,"pct_val":1.669882612977,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Auburn University","title":"Auburn University, Series 2025 A","isin":"US050589SM32","value_usd":2814677.15,"pct_val":1.648019839549,"balance":2670000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Florence City Board of Education","title":"Florence City Board of Education, Series 2022","isin":"US340001AS56","value_usd":2809844.4,"pct_val":1.64519021915,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Alexander City Board of Education","title":"Alexander City Board of Education, Series 2022","isin":"US014519CW05","value_usd":2788327.5,"pct_val":1.632591872627,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Infirmary Health System Special Care Facilities Financing Authority of Mobile","title":"Infirmary Health System Special Care Facilities Financing Authority of Mobile, Series 2021 A","isin":"US45663NCD21","value_usd":2716596.3,"pct_val":1.590592583041,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Bessemer AL Water Revenue","title":"City of Bessemer, Series 2017","isin":"US086419EQ75","value_usd":2604135.96,"pct_val":1.524746000429,"balance":2590000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Jacksonville State University","title":"Jacksonville State University, Series 2017","isin":"US469205KK38","value_usd":2562537.5,"pct_val":1.5003897124,"balance":2500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"University of Montevallo","title":"University of Montevallo, Series 2017","isin":"US914513FG66","value_usd":2544562.75,"pct_val":1.489865327886,"balance":2500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Lincoln AL","title":"City of Lincoln, Series 2020","isin":"US532843FC87","value_usd":2353643.25,"pct_val":1.378080172079,"balance":2500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Black Belt Energy Gas District","title":"Black Belt Energy Gas District, Series 2024 A","isin":"US09182TDL89","value_usd":2194462.2,"pct_val":1.284878176078,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Energy Southeast A Cooperative District","title":"Energy Southeast A Cooperative District, Series 2024 B","isin":"US292723BN27","value_usd":2175723,"pct_val":1.273906198927,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"DCH Healthcare Authority","title":"DCH Healthcare Authority, Series 2021 A","isin":"US23366AAF49","value_usd":2157321.01,"pct_val":1.26313166139,"balance":2310000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Southeast Energy Authority A Cooperative District","title":"Southeast Energy Authority A Cooperative District, Series 2022 A-1","isin":"US84136FBL04","value_usd":2149914.6,"pct_val":1.258795138951,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Homewood Educational Building Authority","title":"Homewood Educational Building Authority, Series 2019 A","isin":"US437887GP15","value_usd":2113929.5,"pct_val":1.237725525788,"balance":2500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Water Works Board of the City of Birmingham (The)","title":"Water Works Board of the City of Birmingham (The), Series 2016 B","isin":"US091096LS41","value_usd":2052651.8,"pct_val":1.201846858381,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"University of South Alabama","title":"University of South Alabama, Series 2019 A","isin":"US914845RV62","value_usd":2040497.8,"pct_val":1.194730577521,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Columbia Industrial Development Board","title":"Columbia Industrial Development Board, Series 2014 D","isin":"US197210AY34","value_usd":2033875.8,"pct_val":1.190853334486,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Talladega County Board of Education","title":"Talladega County Board of Education, Series 2017","isin":"US874402EB21","value_usd":2029822.8,"pct_val":1.188480265017,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Southeast Energy Authority A Cooperative District","title":"Southeast Energy Authority A Cooperative District, Series 2021 A","isin":"US84136FAH01","value_usd":2029417.6,"pct_val":1.188243016621,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"DCH Healthcare Authority","title":"DCH Healthcare Authority, Series 2015","isin":"US233091FX03","value_usd":2001746.2,"pct_val":1.172041152692,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2025 A-2","isin":"US74441XJE04","value_usd":1997339.82,"pct_val":1.169461175922,"balance":4200000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Opelika Utilities Board","title":"Opelika Utilities Board, Series 2017","isin":"US683548CY59","value_usd":1973531.2,"pct_val":1.15552100587,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Mobile County Board of School Commissioners","title":"Mobile County Board of School Commissioners, Series 2022 B","isin":"US607298BP03","value_usd":1935523,"pct_val":1.133266848705,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"County of Mobile AL","title":"County of Mobile, Series 2020","isin":"US607341AG93","value_usd":1931725.53,"pct_val":1.131043394445,"balance":2100000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Health Care Authority of the City of Huntsville (The)","title":"Health Care Authority of the City of Huntsville (The), Series 2020 B","isin":"US44706HDU86","value_usd":1928862,"pct_val":1.129366770804,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Limestone County Water & Sewer Authority","title":"Limestone County Water & Sewer Authority, Series 2024","isin":"US532656CW33","value_usd":1879641,"pct_val":1.100547414196,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Alabama Community College System","title":"Alabama Community College System, Series 2019","isin":"US01025PEA75","value_usd":1785520.8,"pct_val":1.045439155367,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Birmingham-Jefferson Civic Center Authority","title":"Birmingham-Jefferson Civic Center Authority, Series 2018 A","isin":"US091156MJ55","value_usd":1676545.28,"pct_val":0.981632967512,"balance":1605000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Alabama State University","title":"Alabama State University, Series 2022","isin":"US010632PU51","value_usd":1628542.05,"pct_val":0.953526626647,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Alabama State University","title":"Alabama State University, Series 2022","isin":"US010632PY73","value_usd":1588379.85,"pct_val":0.930011282302,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Alabaster Board of Education","title":"Alabaster Board of Education, Series 2022","isin":"US010663DB50","value_usd":1562228.7,"pct_val":0.91469953899,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Selma Industrial Development Board","title":"Selma Industrial Development Board, Series 2020 A","isin":"US81647PAH64","value_usd":1551609.9,"pct_val":0.908482132112,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Alabaster Board of Education","title":"Alabaster Board of Education, Series 2022","isin":"US010663DC34","value_usd":1547612.7,"pct_val":0.906141734066,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Capital Trust Authority","title":"Capital Trust Authority, Series 2024","isin":"US14054XAA19","value_usd":1457893.76,"pct_val":0.853610454199,"balance":1725000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2024 A-2","isin":"US74441XHX03","value_usd":1358763.89,"pct_val":0.795568986653,"balance":2125000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Tuscaloosa AL","title":"City of Tuscaloosa, Series 2025 B","isin":"US9005773A35","value_usd":1342098.38,"pct_val":0.785811174424,"balance":1250000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Black Belt Energy Gas District","title":"Black Belt Energy Gas District, Series 2025 C","isin":"US09182TGL52","value_usd":1273071.12,"pct_val":0.745395067038,"balance":1200000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Homewood Educational Building Authority","title":"Homewood Educational Building Authority, Series 2021 A","isin":"US437887HG07","value_usd":1223875.11,"pct_val":0.716590342309,"balance":1470000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"South Carolina Jobs-Economic Development Authority","title":"South Carolina Jobs-Economic Development Authority, Series 2022 A-1","isin":"US837031D674","value_usd":1174162.18,"pct_val":0.693851903037,"balance":1485000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Mobile County Industrial Development Authority","title":"Mobile County Industrial Development Authority, Series 2024 B","isin":"US60733UAB70","value_usd":1168146.25,"pct_val":0.683960572705,"balance":1250000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Guam Government Waterworks Authority","title":"Guam Government Waterworks Authority, Series 2025 A","isin":"US40065FFK57","value_usd":1154658.23,"pct_val":0.676063210638,"balance":1100000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"GU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Energy Southeast A Cooperative District","title":"Energy Southeast A Cooperative District, Series 2023 A-1","isin":"US292723AK96","value_usd":1093438.7,"pct_val":0.640218602311,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Albertville AL","title":"City of Albertville, Series 2025 A","isin":"US013122E287","value_usd":1088246.5,"pct_val":0.63717852057,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Black Belt Energy Gas District","title":"Black Belt Energy Gas District, Series 2025 D","isin":"US09182TFT97","value_usd":1084407.7,"pct_val":0.634930867208,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Health Care Authority for Baptist Health (The)","title":"Health Care Authority for Baptist Health (The), Series 2023 A","isin":"US42219UCF75","value_usd":1076132.5,"pct_val":0.630085660084,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Southeast Alabama Gas Supply District (The)","title":"Southeast Alabama Gas Supply District (The), Series 2024 B","isin":"US84131TBT88","value_usd":1073186.7,"pct_val":0.628360866588,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Montgomery Water Works & Sanitary Sewer Board","title":"Montgomery Water Works & Sanitary Sewer Board, Series 2025","isin":"US613105NJ08","value_usd":1071757.3,"pct_val":0.627523939497,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Alabama Special Care Facilities Financing Authority-Birmingham AL","title":"Alabama Special Care Facilities Financing Authority-Birmingham, Series 2025 A","isin":"US090929GZ77","value_usd":1063887.8,"pct_val":0.622916273525,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Southeast Energy Authority A Cooperative District","title":"Southeast Energy Authority A Cooperative District, Series 2023 B","isin":"US84136GAK13","value_usd":1063625.7,"pct_val":0.622762811519,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Town of Pike Road AL","title":"Town of Pike Road, Series 2024","isin":"US72129PHE25","value_usd":1062023.1,"pct_val":0.621824474206,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Southeast Energy Authority A Cooperative District","title":"Southeast Energy Authority A Cooperative District, Series 2024 A","isin":"US84136HAU77","value_usd":1060219,"pct_val":0.620768156755,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Florence Public Educational Building Authority","title":"Florence Public Educational Building Authority, Series 2024","isin":"US340083AW44","value_usd":1059397.6,"pct_val":0.62028721936,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Jefferson County Board of Education/AL","title":"Jefferson County Board of Education, Series 2024","isin":"US472649BV34","value_usd":1054840.5,"pct_val":0.617618994619,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"University of South Alabama","title":"University of South Alabama, Series 2024 A","isin":"US914845UZ30","value_usd":1053539.6,"pct_val":0.616857305482,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Alabama Community College System","title":"Alabama Community College System, Series 2024","isin":"US01025PQS55","value_usd":1047619.4,"pct_val":0.61339097292,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Southeast Energy Authority A Cooperative District","title":"Southeast Energy Authority A Cooperative District, Series 2025 A","isin":"US84136HBC60","value_usd":1045134,"pct_val":0.611935747937,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Prattville Waterworks Board","title":"Prattville Waterworks Board, Series 2023","isin":"US740053HY26","value_usd":1042135.4,"pct_val":0.610180039546,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"County of Marshall AL","title":"County of Marshall, Series 2025","isin":"US572002HG19","value_usd":1039622.8,"pct_val":0.608708888707,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Alabama Housing Finance Authority","title":"Alabama Housing Finance Authority, Series 2025 B","isin":"US01030RPV86","value_usd":1037706.7,"pct_val":0.607586994207,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Leon County Housing Finance Authority","title":"Leon County Housing Finance Authority, Series 2022 A","isin":"US52643TAE01","value_usd":1036150,"pct_val":0.612295866429,"balance":1150000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Guam Government Waterworks Authority","title":"Guam Government Waterworks Authority, Series 2024 A","isin":"US40065FEF71","value_usd":1027317.5,"pct_val":0.60150402028,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"GU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Black Belt Energy Gas District","title":"Black Belt Energy Gas District, Series 2022 A","isin":"US09182TAW71","value_usd":1027192.2,"pct_val":0.601430655956,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Homewood Educational Building Authority","title":"Homewood Educational Building Authority, Series 2024 C","isin":"US437887HY13","value_usd":1019382.8,"pct_val":0.596858179097,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Puerto Rico Electric Power Authority","title":"Puerto Rico Electric Power Authority, Series VV","isin":"US74526Q2U53","value_usd":1012261.4,"pct_val":0.592688532683,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"PR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Guam Government Waterworks Authority","title":"Guam Government Waterworks Authority, Series 2020 A","isin":"US40065FDF80","value_usd":1008561.5,"pct_val":0.590522206571,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"GU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Alabama Housing Finance Authority","title":"Alabama Housing Finance Authority, Series 2024 D","isin":"US01030RMP46","value_usd":975996.95,"pct_val":0.571455357478,"balance":990000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Mobile County Industrial Development Authority","title":"Mobile County Industrial Development Authority, Series 2024 A","isin":"US60733UAA97","value_usd":971299.3,"pct_val":0.568704839395,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Alabama Housing Finance Authority","title":"Alabama Housing Finance Authority, Series 2024 A","isin":"US01030RJC79","value_usd":968557.42,"pct_val":0.567099442969,"balance":970000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Health Care Authority for Baptist Health (The)","title":"Health Care Authority for Baptist Health (The), Series 2023 A","isin":"US42219UCG58","value_usd":936413.36,"pct_val":0.548278794709,"balance":875000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2025 A-1","isin":"US74441XJD21","value_usd":887669.98,"pct_val":0.519739089086,"balance":855000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Alabama Federal Aid Highway Finance Authority","title":"Alabama Federal Aid Highway Finance Authority, Series 2025 A","isin":"US010268DT42","value_usd":806640.9,"pct_val":0.472295803656,"balance":750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Birmingham Airport Authority","title":"Birmingham Airport Authority, Series 2020","isin":"US090888GZ50","value_usd":710660.37,"pct_val":0.416098304184,"balance":705000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"South Carolina State Housing Finance & Development Authority","title":"South Carolina State Housing Finance & Development Authority, Series 2021 A","isin":"US83712EHN76","value_usd":665570.25,"pct_val":0.389697616514,"balance":750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Guam Government Waterworks Authority","title":"Guam Government Waterworks Authority, Series 2025 A","isin":"US40065FFJ84","value_usd":621197.34,"pct_val":0.363716862019,"balance":600000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"GU","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Pecan Public Facility Corp.","title":"Pecan Public Facility Corp., Series 2022 A-2","isin":"US705125AB84","value_usd":605585.36,"pct_val":0.354575901474,"balance":800000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"California Municipal Finance Authority","title":"California Municipal Finance Authority, Series 2022 A-1","isin":"US130483EV83","value_usd":588283.15,"pct_val":0.34444529543,"balance":700000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Alabama State University","title":"Alabama State University, Series 2025","isin":"US010632QP57","value_usd":546328.95,"pct_val":0.319880718298,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Limestone County Water & Sewer Authority","title":"Limestone County Water & Sewer Authority, Series 2024","isin":"US532656CU76","value_usd":531777.05,"pct_val":0.311360444524,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Haven at Elgin LLC","title":"Haven at Elgin LLC","isin":"US41935HAA41","value_usd":527982.94,"pct_val":0.309138957575,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"3","payoff_profile":"Long"},{"issuer_name":"Puerto Rico Electric Power Authority","title":"Puerto Rico Electric Power Authority, Series VV","isin":"US74526Q2Q42","value_usd":506664.9,"pct_val":0.296657045445,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"PR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue","title":"Puerto Rico Sales Tax Financing Corp., Series A-1","isin":"US74529JPX71","value_usd":487482.9,"pct_val":0.285425804746,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"PR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Development Authority of Rockdale County","title":"Development Authority of Rockdale County, Series 2025 A-1","isin":"US77300QAL14","value_usd":438409.12,"pct_val":0.256692646827,"balance":925000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Washington State Housing Finance Commission","title":"Washington State Housing Finance Commission, Series 2021 A","isin":"US939783H587","value_usd":430686.4,"pct_val":0.25217092192,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"South Carolina Jobs-Economic Development Authority","title":"South Carolina Jobs-Economic Development Authority, Series 2021 A-1","isin":"US837031D260","value_usd":418624.4,"pct_val":0.247379230523,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"South Carolina Jobs-Economic Development Authority","title":"South Carolina Jobs-Economic Development Authority, Series 2021 A-1","isin":"US837031C841","value_usd":418624.4,"pct_val":0.247379230523,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Birmingham Airport Authority","title":"Birmingham Airport Authority, Series 2020","isin":"US090888GX03","value_usd":405269.12,"pct_val":0.237288866368,"balance":400000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2022, Class B-1","isin":"US74442PVW21","value_usd":403226.4,"pct_val":0.236092834672,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Capital Trust Agency, Inc.","title":"Capital Trust Agency, Inc., Series 2021 A-1","isin":"US14052TDY73","value_usd":337991.8,"pct_val":0.197897365246,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Troy Public Educational Building Authority","title":"Troy Public Educational Building Authority, Series 2011","isin":"US89732TCG76","value_usd":295247.65,"pct_val":0.172870264989,"balance":295000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue","title":"Puerto Rico Sales Tax Financing Corp., Series A-2","isin":"US74529JRL16","value_usd":236017.43,"pct_val":0.138190416303,"balance":250000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"PR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Metropolitan Transportation Authority","title":"Metropolitan Transportation Authority, Series 2021 A-1","isin":"US59261AK486","value_usd":234458.43,"pct_val":0.138549367889,"balance":275000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Limestone County Water & Sewer Authority","title":"Limestone County Water & Sewer Authority, Series 2015 B","isin":"US532647HL17","value_usd":230075.03,"pct_val":0.134711085434,"balance":230000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Development Authority of Rockdale County","title":"Development Authority of Rockdale County, Series 2025 A-1","isin":"US77300QAK31","value_usd":192228.38,"pct_val":0.112551517307,"balance":185000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"}],"source_documents":[{"label":"SEC NPORT-P Filings","url":"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=757010&type=NPORT&dateb=&owner=exclude&count=40"}],"dataset":{"json":"https://dealcharts.org/llm/facts/fund/franklin-alabama-tax-free-income-fund.json","page":"https://dealcharts.org/capitalmarkets/funds/franklin-alabama-tax-free-income-fund/"},"provenance":{"curator":"CMD+RVL","curator_url":"https://cmdrvl.com","platform":"Dealcharts","platform_url":"https://dealcharts.org/","source":"SEC NPORT-P Public Filings","license":"CC-BY 4.0","license_url":"https://creativecommons.org/licenses/by/4.0/","attribution":"Data curated by CMD+RVL from SEC NPORT-P public filings"},"citation":"Fund: Franklin Alabama Tax-Free Income Fund | LEI: 54930054I1F62XK86784 | 108 positions totaling $179,665,942 across DBT | Filing: Mon Jan 26 2026 19:00:00 GMT-0500 (Eastern Standard Time) | Source: SEC NPORT-P via Dealcharts.org","updated_at":"2026-01-27"}