See what your fund actually adds
Franklin Louisiana Tax Free Income Fund Class A FQLAX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | FQLAX | Replication |
|---|---|---|
| Annualized growth | -1.1% | -0.3% |
| Annualized volatility | 5.8% | 5.0% |
| Sharpe ratio | -0.16 | -0.04 |
| Maximum drawdown | 15.2% | 12.5% |
| Replication fit (R²) | 0.94 · Tracking error 1.4% | |
Replication portfolio
The published portfolio below is the investable basket used to model FQLAX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 95.1% |
| SPTL | FI · Long Gov | 4.9% |